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
$3.72 |
Change
0.010(0.27%) |
Mkt cap ! $229.9M | |||
| Open | High | Low | Value | Volume |
| $3.74 | $3.78 | $3.71 | $204.1K | 54.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2635 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 1000 | 1 |
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