Aries Agro may debut around Rs 150

CNBC-TV18's stocks editor, Udayan Mukherjee - Aries Agro is into an interesting space but there are better companies out there, crop protection and nutrients. It is a small company, Rs 120-130 crore in sales and though they have made an interesting stake buy in a middle eastern company which could actually make the stock look a little more interesting going forward.

They will also deliver about Rs 15 earnings per share next year. If one wants to give that 10 times for a crop protection player, stock goes to Rs 150 from the issue price of Rs 130. So my best guess is that it will probably debut at around Rs 150 and hover around that level because beyond more than 10 P/E one will find the larger companies in the crop protection space trading, no reason to buy the small one.