This justifies the premium valuation of 47 times its FY17 earnings at the upper price band.
As part of a strategy to more than treble its revenue to Rs 75,000 crore to Rs 1 lakh crore by 2021, the Future Group has also been aggressively adding stores.
Investors can subscribe to the Godrej Agrovet IPO given the unique diversification of business.
Top funds gradually sold Rain Industries over a year, but stock almost tripled during that time.
Analysts at Goldman Sachs expect organised retailers to benefit immensely from the ongoing tax reforms.
At the demanded price, the IPO is valued at 220 times FY17 earnings; traders may try for listing gains.
Jump in merchant tariffs, rise in demand is expected to help the company derive higher realisations.
HyperCity, which has big-box format stores at marquee locations in Mumbai as well as Hyderabad and Bengaluru, posted sales of Rs 1,077 crore in FY17.
In additon to its online operations, Matrimony.com has a presence through 140 retail outlets.
Investors may give the IPO a miss on account of the steep valuation.
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