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You are here : IndiaNotes >> Research & Analysis >> IPOs >> Sheela Foam IPO

Jainam Research remain 'Neutral' to Sheela Foam IPO

Jainam Research | 29 Nov, 2016  | Follow Author | Add to my Favourites 
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We at Jainam Wealth are “NEUTRAL” to the Sheela Foam Ltd IPO as we feel the upcoming 1-2 quarters can be impacted due to demonetization. On the fundamental ground it has ~20-23% market share of brand Sleepwell, pan-India sales & distribution network, improving Net profit margins from 2.75% in FY15 to 6.18% in FY16, robust financial with higher ROCE (%) is 38.78% in FY16 and 0.34x Total debt/Equity in FY16 but available at premium valuation of 34x P/E and 10.52x P/BV.


Price Band Rs.680 - 730. Issue open on 29th November and close to 01st December. Market Lot 20 Shares.





About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.

 

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