Markets are going crazy and it’s IPOs galore in bull market. October will see atleast 5 IPOs out of which 3 are confirmed. My views are
Godrej Agrovet – Long term/listing gains
MAS Financial – Listing Gains/For risk takers
IEX India – Risk takers/avoid – Steeply priced
IEX India investor PTC sold it’s share at 140 odd 5 years ago. Few more investors sold from 290 to 600 range in last 2-3 years due to regulatory reason (5% max stock holding in exchange), they are asking 1650 now! Justified? You decide.
In MAS, Motilal Oswal sold share at 338 and they are asking 459 now in a year. This much premium is justified? In rising market, may be. P/E is also higher side considering much bigger players like M&M, Bajaj Finserve etc.
Godrej Agrovet is pick right now with much big production scale, wide reach and less P/E compare to animal feed and dairy products peers. Godrej has good managment and known for leaving something for investors. Take your call.
Disclaimer – This thread is for discussion and doesn’t provide any investment or related information. All investments carry market related risk and one should consult advisors before taking any decision.