Secondary market is highly illiquid, Institutions (for strategic reasons) don’t want to trade. So Prices change on little bit of trading, some parties (like promoters before IPO) take advantage of that to pump & dump. Learnt that after burning fingers a few times.
So maybe price of Anugrah changed based on nothing XD.
We should only buy unlisted shares if valuations make sense to us as price discovery doesn’t exists.
In my view, Urban Tots has shown impressive financial growth, with revenue reaching ₹49.15 crores in FY23, a substantial leap from ₹16.23 crores in FY22. However, there are two factors that raise concerns for me.
First, despite generating nearly ₹50 crores in revenue, the company still lacks a dedicated website. This omission not only raises questions about its brand development strategy but also indicates a potential lack of commitment to establishing a strong presence in the competitive toy market.
Second, if you explore their products on platforms like FirstCry and Flipkart, you’ll notice that customer reviews are not particularly favorable, and the pricing seems high compared to competitors. These aspects further diminish my confidence in the company’s future growth trajectory, especially with their IPO planned for FY26.
At this stage, I wouldn’t consider investing, but I’m open to hearing other perspectives on this matter.
Current PE is 55 and with the IPO it will be further shoot up with equity dilution though they can use those funds to scale up. The risk is whether they can sustain these high growth rates for long period of time, there will also be pressure on margins with the falling price of solar panels and dumping from China and other competitors.
Waaree Energies Limited got included in the RETC PV Benchmarking report. The company said that it was the only Indian solar panel manufacturer included in this report.
Related to Waaree Energies. Solar power installations are soaring in India. various companies are doing a lot of capex and expanding their categories and offerings. Extremely bullish on this sector
Has anyone bought NTPC Green shares before the IPO?
As I couldn’t find it on the most authentic platforms but saw it on this website. I would be thankful to know your opinions, and also would be great to know more about it.
Thanks!
Total shares before IPO of NTPC Green Energy Ltd is 750 Cr of ₹10 each.
This site quotes each share at 500 giving the valuation of 375000 Cr before dilution in IPO which is absurd as NTPC is itself valued at 411000 Cr.
Waaree Energies-
Most unlisted stock sites are quoting a price of ₹2900 having pe of 60. Even Ipo offer price of ₹1500 will have pe of 30 ( that will be absolute steal). Premier Energies ipo offer was at ₹450 but pe was 85 and now trading at pe of around 200… What could be waaree ipo price band?
Is anyone studying the solar cell and panel manufacturing sector in India? This space looks promising, especially with the government’s push for renewable energy and policies like imposing heavy customs duties on imports from China, which could drive demand for locally manufactured solar cells.
I’m particularly interested in understanding how this sector might evolve in the long run, as the listed players seems a bit over-valued and also companies like Vikram Solar, and Waaree Energies in the unlisted market are getting 50-55 PE multiples. For instance, I’ve been looking into Jupiter Solar and its prospects, but I’d love to hear your thoughts on other noteworthy companies, whether listed or unlisted, that have strong potential in this booming industry.
Thanks!