Indian IPO IL&FS Transportation Networks | Indian Stocks to Make You a Millionaire
  • Recover Lost Money Plan

    A number of traders have lost their money in the market due to wrong trading advice or wrong decisions and emotions. We keep on getting a number of requests for helping these traders recover their lost money. Thus, this was the genesis of Recover Lost Money Plan. We are proud to say that till date we have helped 1290 people recover their lost money. Recover Lost Money in Market

  • Our Most Successful Intraday Tip

    Jackpot tip, as the name suggests has the potential to make you a Millionaire as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to make you a Millionaire. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in Future and Options segment.
    Click on Jackpot Sure Shot Tip to know more...

Subscribe to this blog

Subscribe to full feed RSS
What is Daily Market State???
Enter your Email

Preview | Powered by FeedBlitz

Indian IPO IL&FS Transportation Networks

Posted By On 8:02 AM Under

Indian IPOs are again buzzing with activity means that again good days are back in the market. These are a few key pointers which show the trend of the market in coming days. IL&FS Transportation Networks Limited is entering the capital markets with an initial public offering (IPO) at the price band of Rs. 242-258 per share to raise Rs. 7 bn. The issue comprises of an offer for sale of 4.28 million equity shares by Trinity Capital Limited and a fresh issue of more than 22.85 million equity shares with a face value of Rs. 10 per share. The object of the issue is to fund the pre-payment and repayment of a portion of debt availed by the Company and to utilize the funds towards general corporate purposes.

Indianbulls has come with a report and according to their valuation, at a lower price band of Rs. 242, the Company offers an EV/EBITDA of 9.2x which is at a discount to peers’ (IRB Infra., IVRCL, Hindustan Const., Nagarjuna Const. and Gammon) average of 11.3x for FY11. The Company proposes a P/E multiple of 19.9x for FY11E, which is comparable to the peers’ average of 18.8x for FY11E, respectively. However, the Company enjoys a high EBITDA margin as compared to the peer average of 16% and also offers a better ROE of 13.7% for FY11 in comparison to the peer set’s average of 12.8%. So, considering attractive valuation and strong operational capabilities and parentage, we recommend investors to Subscribe to the issue.

Use each report provided by individual brokerage house with discretion as at times they may have their hidden agenda in promoting the IPO scrips.
Click here to Get Free Indian Stock Tips in Email

Most Read Content