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Simplex Projects attracts 47% premium on debut

Friday, August 3, 2007

Simplex Projects settled at Rs 272.05 on BSE, at a premium of 47% over IPO price of Rs 185.

The stock debuted at Rs 323.75 which was also the high of the day. It hit a low of Rs 266.70. On BSE, 67.18 lakh shares had changed hands in the counter.

Simplex Projects IPO had received overwhelming investor response. The IPO was subscribed 85.53 times

The current price of Rs 272.05 discounts its FY 2007 EPS of Rs 8.70 by a PE multiple of 31.20.

The company’s current order book of Rs 290 crore represents two times the reported financial year ending Mach 2007 (FY 2007) revenue of Rs 135.76 crore. The schedule dates for completion of projects range from July 2007 to March 2009.

Simplex posted a net profit of Rs 10.49 crore on sales of Rs 135.76 crore in the year ended March 2007.

Simplex specialises in piling and foundation, civil construction and transportation engineering projects.

Posted by FR at 10:06 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.