bearish

IPO | Kalyan Jewelers: Valuation Too Premium Relative to Closest Listed Peer TBZ

278 Views14 Mar 2021 22:26
Kalyan's IPO valuation came out higher than our expectation. At >50x PE, it is valued at more than double that of its closest listed peer TBZ which is currently valued at 25x PE.
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Ankit Agrawal, CFA
Equity L/S Analyst | Forensic Accounting | India
Yellowstone Equity
IndiaEquity Bottom-UpForensic Accounting
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