Meera Industries IPO Review & Recommendations

Meera Industries IPO Review by Dilip Davda (Apply)

[Dilip Davda]  Considering aggressive pricing, only risk savvy cash surplus investors may consider long term investment.   Meera Ind IPO review update as on 24.04.2017 First review was based on the final prospectus data and the P/E ratio was mentioned in my review based on the data of page no. 53 of the referred document. Having learnt IPO review on Chittorgarh.com, with the said P/E ratio, management clarified the matter of P/E ratio in comparison with peers in true senses (although none of the companies are in the same business, but are in similar line of business). Following data is taken from the listing destination BSE as on 24.04.2017 eve on the basis of December 2016 working and the closing rates on the 24th of April i.e. Monday.   While as per first review its asking price stands at a P/E of 12 plus, the peers are trading in the range of 12.37 to 114.87 P/E and thus the issue is justifiably priced at reasonable levels. Revised Based on this updated review, investors may consider investment in this issue for short to long term.   Read detail review...