Mishka Exim IPO Review & Recommendations

Mishka Exim IPO Review by Dilip Davda May apply

[Dilip Davda]  <p>As per prospectus, for the fiscal 2014-15 the company has earned net profit of Rs. 0.02 crore on a turnover of Rs. 12.45 crore. If we attribute these earnings on fully diluted post issue equity then asking price even at par value is at a P/E of 700 plus. Thus even at par value, it is an expensive IPO.</p> <p>Lead Manager has poor track record post listing for its past mandates.</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. 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.</span></strong></p> Read detail review...