Grey Martket IPO
Grey Market Premium 50% Volatility on IPO filed Dodla Dairy's & KIM's
Grey market premiums (GMP) of Dodla Dairy and KIMS have seen a sharp fall of late, with the former take place over 50 % decline in premiums while the something than to the beginning, also saw a similar trend.
One grey maker dealer told that Dodla was commanding a grey market premium of Rs 75-80 today compared with Rs 160-165 earlier. In the case of KIMS too, GMP has fallen to Rs 70 level from Rs 150-160 odd levels but still looks better than the initial Rs 35-40 premium it commanded when the IPO was announced, the dealer said.
A platform that facilitates trading in unlisted stocks, said, last heard, Dodla's grey market premium was at Rs 85 while that of Kims at Rs 67. Premiums of both stocks have declined.
volatility in the grey market has continued. likely to say that both of the IPOs should sail through and see good listing gains.
Whereas KIMS, the IPO is being sold in Rs 815-825 range. At the upper end of the price limit, the issue is asking for a PE multiple of 31.2 times and EV/Ebitda of 17.8 times on the Fiscal year 2021(FY21)basis. The KIMS IPO looks fairly prices and believes it should attract interest from long-term investors. "It would be interesting to watch how the stock performs after its debut on the stock market,".
If the Dodla Dairy, the IPO is being sold in Rs 421-428 price band. At the upper end of this price band, this issue is demanding a post-issue annualized FY21 PE of 16.4 times.
The IPO valuation looks reasonable when compared with peers. Considering strong OCF (Operation Cash Flow) yield and consumer-centric business, which usually commands higher multiple, we recommend 'subscribe' to the IPO from the long-term perspective,"
Grey market premiums (GMP) of Dodla Dairy and KIMS have seen a sharp fall of late, with the former take place over 50 % decline in premiums while the something than to the beginning, also saw a similar trend.
One grey maker dealer told that Dodla was commanding a grey market premium of Rs 75-80 today compared with Rs 160-165 earlier. In the case of KIMS too, GMP has fallen to Rs 70 level from Rs 150-160 odd levels but still looks better than the initial Rs 35-40 premium it commanded when the IPO was announced, the dealer said.
A platform that facilitates trading in unlisted stocks, said, last heard, Dodla's grey market premium was at Rs 85 while that of Kims at Rs 67. Premiums of both stocks have declined.
volatility in the grey market has continued. likely to say that both of the IPOs should sail through and see good listing gains.
Whereas KIMS, the IPO is being sold in Rs 815-825 range. At the upper end of the price limit, the issue is asking for a PE multiple of 31.2 times and EV/Ebitda of 17.8 times on the Fiscal year 2021(FY21)basis. The KIMS IPO looks fairly prices and believes it should attract interest from long-term investors. "It would be interesting to watch how the stock performs after its debut on the stock market,".
If the Dodla Dairy, the IPO is being sold in Rs 421-428 price band. At the upper end of this price band, this issue is demanding a post-issue annualized FY21 PE of 16.4 times.
The IPO valuation looks reasonable when compared with peers. Considering strong OCF (Operation Cash Flow) yield and consumer-centric business, which usually commands higher multiple, we recommend 'subscribe' to the IPO from the long-term perspective,"
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