Emkay Share has the following recommendation,
Considering the strong growth potential and likely scarcity premium similar to Jubilant Foodworks and Page Industries, we believe the offered valuations
appear attractive and could provide significant upside potential in the future. Hence, we recommend SUBSCRIBE to the issue.
ICICI views are as follows,
At the IPO price band of | 195-205, the stock is available at 19.5 – 20.5x annualised 9MFY11 post issue diluted EPS. We believe that the issue is reasonably priced and recommend investors to SUBSCRIBE to the issue.
Unicon Wealth Research says,
At the upper price band of INR 205, the company is priced at 20.5x its FY11 annualised EPS of INR 10 on a post issue basis. The valuation looks reasonable given that ‘Page Industries’ is trading at ~35x its FY11E earnings. Considering the growth opportunity in the niche segment of branded lingerie, we recommend SUBSCRIBE to the issue.
