@aj2428@adeshjainj Revenue per GW is typically ~600cr, this means currently it's not using 100% capacity. At ~25% PAT margin and 100% utilisation, we should look at 200cr PAT...If you assign a multiple between 25-30...we should value it between 5K-6Kcr.
Indosolar OFS - Some people bid 1000, 999, 900 etc, while cut off was 612~ , floor price 500
Please note: in OFS you get your shares at the price you mention, not at the cut off price, hence don't do this blunder of simply doing maximum bids, for confirmed allotment see live tracking till 3.28/3.29 and bid 30-40rs or max 50-60rs above then mentioned cut off price, but 1000 rs for a 615 cut off is madness.
I did not bid today, as i already hold decent qty at 511 from previous ofs.
@ETNOWlive@BandiPulkit It's not about the expiry day market share anyway. It's about the loss of high quality premium that would have come on Friday and carried over the weekend. Good luck doing surface level analysis :)
#WATCH | BSE on fire — fears of losing market share post weekly expiry shift prove unfounded! Early data shows NSE turnover steady while BSE holds its ground
#BSE#NSE#Markets#ETNOW@BandiPulkit
@QUDRATCHATTHA 3. OFS at floor price of 1K would have possibly not sailed through because the company has been fully functional for 3 quarters only. 1K gives a market cap of 4Kcr, Q1FY26 PAT was 55cr (before def. Tax adjustment) - PE of 20 - which is still cheap but there are people like you :)
@QUDRATCHATTHA 2. The OFS is regulatory requirements - Waaree needed to reduce promoter holding to 90% in Y1 and 75% by Y3. If they believed 500 was a fair price, they would've diluted a lot more stake - simple logic
#indosolarofs#indosolar#waareeindo
Don't be hyped; the company has reduced 15% (over 60 lakh) shareholding in two months. Many shares will be available in the open market after full dilution. Don't get stuck at high prices like 1000 as given on Twitter.
@QUDRATCHATTHA And how does that translate to Indosolar having US exposure? Waaree selling to US doesn't mean that Indosolar also sells to the US. Plus Waaree has a plant in Texas FYI.
@QUDRATCHATTHA SEBI mandates reduction of promoter holding to 75% from the date of relisting and not from the date of acquisition. Therefore the reduction will not happen by Sept. 2025. Further, it's not a mandate to reduce shareholding via OFS route alone - retail might not get a chance later.
Promoters held 96.15% of the company's shares after the acquisition in September 2022.
1st OFS: 1.15%
2nd OFS: 2.4%
3rd OFS: 3%.
New promoter holding: 89.5%, must reduce to 75% within 3 years from Sep 2022 to Sep 2025.
#indosolar this stock is subject to so much hype and the froth in the price is similar to times people were quoting the PAT to the moon for #sahasra to pump up the price to 1000 now you can see were it is. Smartness is watching this and let price and trading return to normal.
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If anyone is looking to sell off their #Indosolar OFS allotment in off market transaction as you don't want to wait the 6 months or more for listing, please DM.
A friend is willing to buy at fancy multiples.
P.s. - I will hold my quantity