you are here: HomeNewsBusinessIPO
Sep 12, 2017 05:58 PM IST | Source:

Subscribe to Capacit’e Infraprojects : ICICI Direct

ICICI Direct has come out with its report on Capacit'e infraprojects , The research firm has recommended to “ Subscribe ” the IPO in its research report as on September 11, 2017

  • bselive
  • nselive
Todays L/H

Incorporated in 2012, Capacit’e Infraprojects (CIL) is a fast growing construction company focused on residential, commercial & institutional buildings in major cities. It reported a staggering revenue, bottomline CAGR of 75.4%, 156.6% in FY14-17 to | 1157 crore, | 69.7 crore, respectively. CIL’s orderbook (OB) was at | 4603 crore, 4x FY17 revenues as on May 31, 2017 providing strong revenue visibility. High-rise & super high-rise buildings constitute more than 50% of OB. It is looking to raise | 400 crore (at | 250 per share) through fresh issue of 1.6 crore shares. Post IPO, promoter stake would be reduced to 43.8%. Furthermore, its leverage position would also improve from 0.5x in FY17 to ~0.2x.

At the IPO price band of | 245-250, the stock is available at 23.9-24.4x FY17 EPS). Given its robust orderbook position of | 4603 crore (4x FY17 revenues), lean balance sheet (D/E: 0.2x post IPO) and strong opportunities ahead, we believe CIL is in a better position to perform

better than industry growth. Hence, Ewe have a SUBSCRIBE recommendation on the issue.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions
Follow us on
Available On