I would also look at BLS E-services IPO at more than 60x P/E multiple and now trading at north of 190x P/E Current Market Cap is $660m our Findi Pay business is about 1/3 of the size at the moment based on the update last year.
I agree with your Existing business valuation excluding Digital but if the digital strategy is delivered on I see 2x more value from Digital meaning.
Existing business IPO valuation A$600m plus Digital Findi Pay of A$600m to A$1.2bn. Which would equate using your ownership percentages to $14-$21 per share.
I am incredibly biased and over weight in the stock so I am definitely glass half full on the further upside.
I see 10x from here over the next 24 months.
Good luck all!
https://www.icicidirect.com/ipo/ipo-news/ipo/bls-e-services-ipo-ends-with-stellar-subscription/1488058
https://www.chittorgarh.com/ipo/bls-e-services-ipo/1632/#:~:text=BLS%20E%2DServices%20IPO%20bidding,to%20₹135%20per%20share.
https://www.moneycontrol.com/india/stockpricequote/online-services/blse-services/BEL
FND potential IPO Valuation, page-4
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Last
$7.50 |
Change
0.680(9.97%) |
Mkt cap ! $367.6M | |||
| Open | High | Low | Value | Volume |
| $7.40 | $7.70 | $7.10 | $3.240M | 436.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 10946 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FND (ASX) Chart |