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Krsnaa Diagnostics IPO: Krsnaa Diagnostics IPO: Should you subscribe to it at PE of 77x?

NEW DELHI: The Rs 1,213 crore IPO of Krsnaa Diagnostics kicked off on Wednesday, along with three others, in one of the busiest days for the primary market investors. The IPO comprises a fresh issue worth Rs 400 crore and an offer for sale (OFS) of up to 8,525,520 shares by existing shareholders. The IPO is being sold in the price band of Rs 933-954, with asking valuations coming in at 77 times FY21 earnings per share. If the issue is successful, the company would command a post-issue market cap of Rs 2,994 crore. Anand Rathi said the asking valuations are lower than the industry average of 85.99 times on an FY21 earnings basis.

Devyani International IPO in progress: Should you subscribe to the share sale?

Devyani International IPO in progress: Should you subscribe to the share sale? The firm has fixed a price band of Rs 86-90 for the IPO. At the upper end of the price band, the IPO is expected to fetch Rs 1,838 crore Devyani International has already raised Rs 824.87 crore from 63 anchor investors on August 3. BusinessToday.In Updated Aug 04, 2021, 10:50 AM IST The initial public offer (IPO) of Devyani International, the largest franchisee of Pizza Hut, KFC and Costa Coffee in India, has opened today. The firm has fixed a price band of Rs 86-90 for the IPO. At the upper end of the price band, the IPO is expected to fetch Rs 1,838 crore.

Craftsman Automation: 2021 debutant stock that failed listing day test may deliver now

“The effect of BS-VI, with respect to value addition, is yet to reflect in revenues and we expect this to be seen in the next two years. This will lead to an increase in realizations due to additional content of 25-40 per cent. In the case of exports, we believe that due to reduction in investments by European and North American foundries and China’s rise in labour costs should benefit India, and in turn Craftsman from likely outsourcing of foundry and machine operations, LKP Securities said. A total of 53 per cent of the South India-based firm s revenues come from critical powertrain components; aluminum products account for 21 per cent revenues.

Introducing agility into HR is now a leadership prerogative

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