Loyal Equipments IPO Review & Recommendations

Loyal Equipments IPO Review by Dilip Davda May apply

[Dilip Davda]  <p>If we attribute FY 2015 earnings on current equity then asking price is at a P/E of 4.5 and on fully diluted post equity it is at a P/E of 6.18 that appears reasonable against industry composite P/E of 35.</p> <p>On merchant banker&rsquo;s front, this is 15th IPO from its stable and it has mixed trends for its past thirteen listed mandates. Last IPO of Junction Fabric is yet to be listed.</p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> Read detail review...