KM Sugar IPO poll: Experts divided

KM Sugar Mills IPO opened on October 14. Its issue price has been fixed at Rs 52. Moneycontrol conducted a poll on market experts to check whether to apply in this issue or not. They had different opinion.

Source: Moneycontrol.com

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KM Sugar Mills has entered the capital market on October 14, with an IPO of 64 lakh equity shares of Rs 10 each at a premium of Rs 42 per share aggregating Rs 33.28 crore (Rs 332.8 million).

UTI Securities is the lead manager to the issue while Intime Spectrum Registry is the registrar. The issue closes on October 19.

The equity shares of the company are proposed to list on the BSE.

Moneycontrol conducted a poll on market experts to check whether to apply for KM Sugar Mills public issue or not. They had different opinion.

Experts/Company

Poll Result

Experts view

SP Tulsian
(Investment Advisor)

The issue is so-so. Not so bad, not so good.

KM Sugar Mills at Rs 52 is fully valued and there is not that much profit on the table for investors. The issue is so-so. Not so bad, not so good.

Suraj Saraogi
(Keynote Capital)

Apply

It is an average issue. You will see 20-25% appreciation on the listing.

PN Vijay
(Investment Advisor)

Don't Apply

I am not optimistic about this issue. It�s an average issue. The sugar stocks where the capacity is much higher are getting more attention. Bajaj Hindustan, Balrampur Chini will attract more attention. So, I will not recommend subscribing to this issue.

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