Being a government agency, it passes on the risk to the developer and the Railways, which is a key area of concern for most project execution companies
HDFC Asset Management Company is seeking a valuation that is more than twice what its close rival Reliance Mutual Fund sought in its offering last year
At 46.6 times trailing twelve month earnings, the stock seems fully priced, notwithstanding the fact that it is still valued at a discount to the industry average.
Industry tailwinds, increased awareness towards insurance products, leadership status amongst private non-life insurers in India, a robust distribution channel, and healthy financials make ICICI Lombard's IPO a proposition worth considering.
Prima facie, the IPO satisfies Warren Buffet’s cardinal principal of investing - a business that is easy to understand, has favourable long-term prospects and operated by honest and competent people.
Investors have to be extremely careful when everything around looks so good. Bharat Road Network, which is into road BOT (build operate transfer) assets, is one of those IPOs that needs an extra scrutiny before investing.
The issue size of close to Rs 599.3 crore (at the upper end of the price band of Rs 1760 – 1766 per share) is a combination of fresh issue worth Rs 60 crore (0.03 crore shares) and offer for sale of 0.3 crore shares.
Perfect Infraengineers: Track record justifies price though spurt in margin on IPO eve without positive cash generation makes profit suspect.
It is worth noting here that the company‘s three plants are relatively new and its current capacity utilization is only 36% which is projected to gradually increase to 70% in the next five years. Nevertheless, medium term looks uncertain for the scrip due to many factors.
VS Fernando a veteran IPO analyst has come out with his view on Interglobe Aviation (Indigo) IPO. "Emptying the company‘s coffers to fill the promoters‘ kitty on the eve of IPO exposes the caliber of professional management", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Coffee Day Enterprise IPO. "Complex structure dilutes flavour", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Patdiam Jewellery IPO. "Margin glitters though bad debts take away the gleam!", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Vishal Bearings IPO. "Track record justifies premium", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Bella Casa Fashion & Retail IPO. "Clientele speaks quality though wafer-thin margins and disproportionate rise in equity dilute attraction", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Vaksons Automobiles IPO. "Claim of ‘no comparable peer‘ exposes lead managers‘ ignorance!", says the expert.
In case of Ahimsa Industries, allotment of `rights‘ shares to `public‘ shareholder at more than thrice the IPO price raises suspicion, says VS Fernando.
SRL‘s promoter Mayur Desai and his spouse (a practicing gynecologist) acquired 9.01 lakh shares (64.31% of SRL‘s pre-IPO capital) through transfers from existing shareholders during the nine years between February 2002 and December 2010.
VS Fernando a veteran IPO analyst has come out with his view on Sri Krishna Constructions (India) IPO. "Steep pricing makes it unpalatable!", says the expert.
A veteran IPO analyst, VS Fernando explains why you should skip the P. B. Films IPO.
A veteran IPO analyst, VS Fernando has come out with his view on Sadbhav Infrastructure Projects IPO. "Obligated loss-making entity facilitates exit route for PE funds who hold the key", says the expert.
VS Fernando a veteran IPO analyst has come out with his view on Prabhat Dairy IPO. "Steep pricing makes it a risky proposition", says the expert.
Shree Pushkar Chemicals: Track record justifies price-band though 'Fertilisers' tag may restrict near term capital appreciation in view of deficient monsoon, says VS Fernando.
Navkar Corporation: Notwithstanding profitable track record since inception, steep pricing, uncertain tax liability, corporate governance issues mar near-term prospects, says VS Fernando.