1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Just Dial IPO to be Avoided.

Discussion in 'IPO's, NFO's and ETF's' started by shabbir, May 21, 2013.

Tags:
  1. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Just Dial provides local search services over Internet, mobile, telephone (voice) and text (SMS). Pretty much competing with Google local search.

    Basics

    Issue Opens: May 20, 2013
    Issue Closes: May 22, 2013
    Price Band: Rs. 470 - Rs. 543/- (Discount of 10% to the floor price to Retail Individual Bidders)
    Lot Size: 25 Equity Shares & in multiple of 25 equity shares thereafter.
    IPO Grading: IPO grade 5/5 by CRISIL
    Issue size: Public Issue of 17,497,458 Equity Shares of Face Value of Rs 10 Each.

    Ratios

    The EPS of the company stands at Rs 9.53 - At P/E multiple of 50 times.
    Book value of the company is Rs 20.21. At 24 times it book value.

    Anybody going for it?
     
    shabbir, May 21, 2013
    Share #1
  2. spmuralisp1

    spmuralisp1 New Member

    Joined:
    May 3, 2012
    Messages:
    6
    Likes Received:
    2
    Dear Shabir,

    thanks giving the details of just dail. Book value is low and what is profitable of just dail.com. This look like A2z. pls advise


    thanks & regards
    SP.Murali
     
    spmuralisp1, May 21, 2013
    Share #2
    shabbir likes this.
  3. writetodeepaksharma

    writetodeepaksharma New Member

    Joined:
    May 17, 2012
    Messages:
    26
    Likes Received:
    1
    hello shabbir,

    this is highly expensive bet. PE >50 is beyond my comfortable level. yes the company has grown at very good rate from last couple of years, but still it is way too expensive. so total avoid from my side.

    P.S: i could go for it for trading purpose, but definitely not for investment.

    Regards
    Deepak
     
    writetodeepaksharma, May 21, 2013
    Share #3
    shabbir likes this.