Manpasand Beverages IPO Review & Recommendations

Manpasand Beverages IPO Review by Dilip Davda May apply

[Dilip Davda]  <p>However, if we annualized these earnings and attribute to its post IPO equity then asking price is at a P/E of 85 and is at a P/BV of 6 plus making it aggressively priced offer. Although it has no listed peers and is the first to go for listing with this kind of business module, it might attract fancy, but based on its pricing, it appears to be &ldquo;High Risk/Low return&rdquo; bet. Management has claimed that there are very few organized players in this segment that is growing at rate of 20% plus annually and MBL has a minor market share hence it hopes for bright prospects going forward.</p> <p>This IPO&rsquo;s BRLMs&rsquo; mandates have mixed trends on performance post listing.</p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">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. 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. </span></strong></p> <p>&nbsp;</p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-family: Calibri; font-size: medium;">(Email: <a href="mailto:dilip_davda@rediffmail.com">dilip_davda@rediffmail.com</a>)</span></p> <p>&nbsp;</p> Read detail review...