Featured in Money9- Tatva Chintan Pharma IPO
“At the upper band asking PE comes to 41.62x and P/BV comes at 13x. Comparing with other listed peers the issue seems fairly priced. Momentum in chemical stock and small issue size should help in attracting good subscription,” said Abhay Doshi, Founder of Unlisted Arena
Featured in Economic Times- Recent IPOs
"The strong fundamentals, experienced managements, steady margins and robust growth prospects of these companies add to the attraction,” said Abhay Doshi, Founder, UnlistedArena.
"The issues may appear expensive on the face of it, but there are ample growth prospects. Investors can hold both the stocks for the long term, if they get allotment,” said Doshi, who is an avid tracker of the grey market.
Featured in Money9 (Hindi)- Unlisted Shares: स्टरलाइट पावर के शेयरों में मची है धूम, कैसे लगा सकते हैं इसमें पैसे
अनलिस्टेड शेयर के डीलर और unlistedarena.com के फाउंडर अभय दोशी बताते हैं, “IPO की बात सामने आने से पहले अनलिस्टेड शेयर 500 रुपये के आसपास मिलते थे, जो अब 850-900 में मिल रहे है, यानी 6.11 करोड़ शेयर को इस भाव से कैलकुलेट करें तो कंपनी के अनलिस्टेड शेयरों (Unlisted shares) की वैल्यूएशन 5,180 करोड़ रुपये बैठती हैं, जबकि IPO वैल्यूएशन 10,000 करोड़ रुपये होने की उम्मीद है. यानी अनलिस्टेड वैल्यूएशन और IPO वैल्यूएशन के बीच 100% गैप है.”
Featured in LiveMint- Zomato IPO
''The hunger of such tech-driven IPO is very high which will ensure digestion of such IPOs. Such companies will not be valued as per the traditional valuation methods. In spite of such companies posting losses, they are valued even more than some traditional giants," said Abhay Doshi, founder of UnlistedArena.com.
"The ability to reach at doorstep of any customer is a great strength which may open the doors of new business avenues. However, such disruptive businesses are double edged sword, as entry of any big pocketed player may pose serious threat to the business. For a longer term view we need to constantly track company's performance, acquistions, expansions and whether the company is heading on the path of profitability on continuous basis," Doshi added.
Featured in LiveMint- Clean Science IPO
Speaking on the Clean Science IPO GMP and other financial details helping the bidders Abhay Doshi, Founder, UnlistedArena.com said, "The GMP of an issue offer is short-term sentiment of the market but it is unofficial data and hence one should look at the financials of the company as well. As per its financials, Clean Science & Technologies manufactures functionally critical specialty chemicals. It derives around 65 per cent of revenues from exports. The company has a track record of strong and consistent financial performance."
Abhay said that GMP indicates at what premium market is expecting the listing of that particular IPO. However, it keeps on changing as we are witnessing in the case of Clean Science IPO GMP. It was below ₹400 when the IPO was opening for subscription and in the last two days, it has skyrocketed to ₹480 that means as per the Clean Science IPO GMP today, expected listing price of the IPO today is ₹1380 ( ₹900 + ₹480). Therefore, as per the Clean Science IPO GMP today, expected listing premium of the IPO is more than 50 per cent.
However, from the fundamental perspective, the IPO is looking attractive as well.
Featured in Business Standard- Clean Science IPO
"The company has a track record of strong and consistent financial performance. The issue is priced at 48 times P/E against the average industry P/E of 55 times. Considering, the stellar performance, the asking price does not look expensive. If such performance remains consistent, we may see the stock outperforming going ahead," said Manan Doshi, co-founder at UnlistedArena.com.
Featured in Economic Times- Zomato IPO
Abhay Doshi, Founder of UnlistedArena, said investors shall wait for more details on the issue. “Similar IPO is like Burger Kings were very successful thanks conservative pricing of the issues. Zomato must take note of that. We expect the company to leave something on the table for investors,” he said.
“The IPO mart is very busy this month and it is a mega issue. The company will have to cover the bases well,” Doshi said.
Featured in LiveMint- GR InfraProjects IPO
Advising retail investors too look at the financials too while subscribing the public issue Abhay Doshi, Founder, UnlistedArena.com said, "It has been found that retail investors look at the grey market performance of the IPO before taking any decision in regard to its subscription. So, higher GR Infraprojects IPO GMP would definitely have some impact on its subscription too but I would advise them to look at the financials of the company instead of the GMP. Financials are more concrete information about the company's public issue performance rather the unofficial grey market."
Featured in Financial Express- Zomato IPO
“Market is expecting a price band of Rs 70-72 for the Zomato IPO. The listing of the unicorn startup will be more in focus with respect to its valuations as the market will probably not value such companies traditionally,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online. Doshi added that recently listed DoorDash Inc. on NYSE has given stellar returns to its investors while India is still in its nascent stage in this sector where there are immense growth opportunities.