In today’s briefing:
- Gopal Snacks Ltd IPO- Forensic Analysis
- Ola Electric Pre-IPO – Initial Thoughts on Valuation
Gopal Snacks Ltd IPO- Forensic Analysis
- Gopal Snacks (1592789D IN) IPO worth INR 6.5 bn is live on the bourses.
- The company is a prominent snacks manufacturer in India, especially in the state of Gujarat. It boasts one of the highest fixed asset turnover ratio and high ROCEs.
- On the flipside, caution must remain on its dull revenue growth post F22 and on its related party transactions, especially with promoter companies.
Ola Electric Pre-IPO – Initial Thoughts on Valuation
- Ola Electric is looking to raise about US$1bn in its upcoming India IPO.
- Ola Electric Mobility is a vertically integrated pure EV player in India with manufacturing capabilities for EVs and EV components, including cells.
- In our previous note we looked at the company’s past performance and undertook a peer comparison. In this note, we will talk about valuations.
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