Quote on What should investors expect from the listing of Vijaya Diagnostic Centre Limited IPO? by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on What should investors expect from the listing of Vijaya Diagnostic Centre Limited IPO? by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Vijaya Diagnostic IPO is priced at Price to Earnings of 64.3 times and EV/EBITDA of 30 times at the upper price band of the IPO based on FY2021 numbers, which is in line with the listed peer group. We are not expecting any big listing gain from Vijaya Diagnostic Centre Limited IPO as we believe that all the short term positive has been priced in the IPO price i.e ₹531. If we look at the current Grey Market Premium, as per market news GMP is at ₹5 i.e 1% at the upper price band of the IPO.
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