Here are details of the New IPO
IPO Name : ALKALI METALS LIMITED
IPO Opening Date : 7th October 2008
IPO Closing Date : 10th October 2008
Price Band : Rs. 95 - Rs. 105
Bid Lot : 65 Shares.
Face Value : Rs. 10/-
Its Net Profit for the past year is as follows (in Rs. Million)
march 2004 - 63.4
march 2005 - 47.05
march 2006 - 133
march 2007 - 76.05
march 2008 - 79.32
This is a public issue for roughly 2.5 million shares which constitute rougly 25% of the total capital of Alkali metals limited. So the approximate EPS of Alkali metals limited is 7.9.which means P/E - Alkali metal limited is roughly 12. even at the lower end of the price band. I think this is an expensive price.