Avoid Steeply Priced Gammon Infrastructure IPO
The company at a price band of Rs 167-200 will have the PE multiple of 100.37-120.21 at post issue EPS of 1.66 (Basis PAT annualized for 6 months ending Sept’07). As the company was incorporated in 2001 hence the present financial of the company are insufficient to demonstrate an earnings track record. Though the company has four projects in operations phase and seven projects in development phase hence additional revenue streams are expected from future projects once they become operational. Therefore looking at the present valuations of the company the issue looks steeply priced. Hence investor shall better look at buying this stock from market when it’s slides down.
If you are still interested in applying to this IPO, you can have look at Gammon Infra IPO payment options.
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