IPO Valuation:
Would like feedback on this:
Assume EBITDA doubles in next 2 years to $50m.
IPO valuation is 12x EBITDA = $600m
FND will own 62.5% of Findi India (mgmt 20%, Piramal owns 17.5%).
62.5% of $600m = $375m375m / 48.8m shares on issue = $7.68/ share.
Assumes 12x EBITDA for IPO - CMS IPO’d on 16x (CMSINFO.BSE)
Assumes zero value for digital business
Assumes EBITDA only doubles from here but acquisitions could increase this.
Anything I have missed???
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Last
$3.70 |
Change
-0.090(2.37%) |
Mkt cap ! $230.5M | |||
| Open | High | Low | Value | Volume |
| $3.82 | $3.82 | $3.66 | $572.9K | 154.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1661 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 1165 | 2 |
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| Last trade - 13.21pm 07/08/2025 (20 minute delay) ? |
| FND (ASX) Chart |