Equitas Holdings Ipo Analysis
Equitas Holdings – Short Term Buy (Time Horizon – 1 month) The IPO valuations are reasonable compared to their listed peers. The price to book value (after IPO) is 1.7 times for FY2017, this is low compared to 3.3 times that SKS Microfinance currently trades at. Equitas Holdings has Sequoia Capital as investors who I think they can manage to get a premium listing out of this issue. In the short term, you can expect listing gains but I cannot foresee how long it will trade higher than the issue price....