Category: IPO Notes

Four state-owned firms, including Mazagon Dock Shipbuilders and Rail Vikas Nigam, have filed draft papers with markets regulator Sebi to float initial public offerings.Railway infrastructure firm Ircon International and warship maker Garden Reach Shipbuil
April 4, 2018, 10:49 a.m.

It has seen turnaround in M9FY2018 by posting a PAT of Rs 2.9 cr which was achieved at sort of peaked occupancy and 9% price hike (taken after September 2017).
March 28, 2018, 1:51 p.m.

Company has been incurring losses in the last few years, though a turnaround in the performance was seen during 9MFY18 results. Therefore we suggest to AVOID this IPO.
March 27, 2018, 5:42 p.m.

Co is bringing the issue at p/b multiple of 3.58 on 9MFY18 book value of Rs 15.66/share. Although co is leading mid-priced hotel chain with a differentiated business model & has strategically positioned in key geographical areas but, as company was loss making since FY’15 & has turned around only in 9MFY18, hence limited track record of profit making doesn’t instill confidence in company at present level. Hence, we recommend “Avoid” on issue.
March 27, 2018, 5:39 p.m.

Lemon Tree Hotels plans to raise Rs 1,040 crore from the primary market.
March 26, 2018, 12:21 p.m.

The company has been having an occupancy level at northwards of 75% and yet the bottom‐line has been patchy. LTH is undergoing a capex and the current Debt: Equity was at 1.16 on 31 Dec 2017. With LTH still on a capex mode and the D: E,still above 1 the valuations at this level looks expensive. “AVOID”.
March 26, 2018, 11:40 a.m.

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of 30 June 2017.
March 23, 2018, 12:31 a.m.

Being the largest equity broker in India, the Co. has strong and growing distribution business with an “OpenSource” Distribution & a leading institutional platform. We recommend “Subscribe” on issue.
March 22, 2018, 5:58 p.m.

Co is bringing the issue at p/e multiple of almost 31 on post issue H1FY18 annualized eps at price band of Rs 519-520/share. Co being largest equity broker in India has strong and growing distribution business with an “OpenSource” Distribution & a leading institutional platform.
March 22, 2018, 5:52 p.m.

Company’s business looks quite attractive as it has delivered superior returns but high valuations at current level would fail to provide gain for short term in the company. We recommend to SUBSCRIBE the IPO for long term gains.
March 22, 2018, 5:49 p.m.