Comparing with peers like AU Small Finance Bank and Ujjivan Small Finance Bank which are trading 5.1(x) and 1.8(x) QQFY21 P/BVPS respectively, LKP Securities believes that Equitas Small Finance Bank is lucrative.
At the upper price band of Rs 145, Mazagon Dock issue is available at a P/E of 6.1x which is at a significant discount to its peers, Geojit Financial Services feels.
UTI generates its revenue mainly from asset management activity primarily comprised of fee-based income such as management fees, marketing fees and investor services fees, among others.
All brokerages recommended subscribing to the public offer citing incremental growth in market share in terms of active clients, consistent addition in customer base, increased retail participation in capital markets after pandemic.
Brokerages advise subscribing to the issue citing company's consistent financial performance, leading position in pharma chemicals globally, healthy balance sheet and improving outlook for the sector
CAMS is the dominant player in a two-player MF RTA industry, with 70 percent market share.
Route Mobile IPO price band was fixed at Rs 345-350 per share. The issue will remain open till September 11
Prashanth Tapse of Mehta Group believes Happiest Minds IPO offer gives investor a unique opportunity to own a digital product engineering company.
While the valuation may appear high, experts point to the company's strong financial performance, lean balance sheet and plans to double capacity over the next year, which, they say, will boost growth.
On valuation front, Choice Broking also said at a higher price band, Antony Waste was demanding an P/E multiple of 29.6x, which is at a premium to the peer average of 25.3x.
Brokerages have said that the SBI Cards IPO offers an investment opportunity in a unique business model with strong profitability
According to Motilal Oswal, investors can subscribe the IPO from a listing gains perspective.
Geojit Securities said the ability of SFBs to take deposits gave them an edge of having a lower cost of funds compared to that of NBFCs and MFIs.
Brokerages have expressed subdued outlook on the issue despite of the fact that a wide range of products is the strength of the company.
Most analysts are positive and have given a buy recommendation for the IPO, thanks to its reasonable valuation and competitive strength of the company
While assigning three-out-of-five rating to the issue, Centrum Wealth also suggests investors can subscribe to the issue from a long term perspective. It believes it is fairly priced.
"SSFL's successful exit from corporate debt restructuring (CDR) mechanism in March 2017 (well ahead of scheduled date of Mar’18), consistent profits along with a healthy asset book, builds confidence in the prospects," Centrum Capital said.
The response to anchor book was quite strong but brokerages are mixed in their opinion on the issue
Anand Rathi said higher multiple is justified given the company’s ability to grow profitably and command better return ratios. Hence it recommended subscribing the issue
Looking after strong fundamentals of the company along with the healthy growth prospects of sector, Hem recommends subscribing issue.
Considering its better operating metrics, attractive valuations which are justifiable to listed peer Dr Lal Pathlabs, brokerages advise subscribing the issue for listing gains as well as for long term
Given its strong orderbook, attractive valuations, strong execution capabilities, robust balance sheet, brokerages advised subscribing the issue.
Brokerage houses advised either subscribing with caution or said high risk appetite investor may opt this public issue due to current equity market conditions and dependency of the company on limited number of large customers for revenue.
Majority of brokerage houses advised subscribing to Aavas Financiers issue with long-term perspective, but not for listing gains as the issue is fairly priced and FY19 earnings multiple do not leave much upside in the near term.
Garden Reach is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard