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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$3.71 |
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Mkt cap ! $230.5M | |||
| Open | High | Low | Value | Volume |
| $3.82 | $3.82 | $3.66 | $673.1K | 181.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 5504 | $3.71 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.72 | 923 | 4 |
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