Loading ...Naukri listed today — the stock has shot up almost 100% from the issue price, and the company has a market cap of $370m last I checked. Revenues for Mar ‘07 are estimated to be around $30m,
Absolutely rocks! Congratulations to Sanjeev and his team.
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Wow a market cap of $370m! Awesome job! Heartiest congrats to the entire Naukri team.
Fantastic debut indeed, notwithstanding the overall buoyancy across sectors. Sensex today closed at 13617 ( +186 pts.), all time record - hopefully to be broken tommorrow .
Safely to be construed as revival of fortunes for Internet companies, I would guess. I would buy that argument surely at least in case of well founded and those seeing robust revenue growth after evaluating its fundamentals.
The company priced the IPO at the upper end of the Rs 290 - Rs 320 band. The public offer had received strong investor response. Post issue FII-holding in the stock is 7.9% wheread founders own 54.6%. The company has a paid-up equity of Rs 27.29 crore.
The current price of Rs 574.45 discounts its Q1 June 2006 annualised EPS of Rs 7.70 (based on consolidated financials), by a PE multiple of a whopping 74.6.
Soon we will have more such debuts from the VC stable ( at lease those which are close to expiry of SEBI mandated 1 year holding period )…!!!
Review by Rediff:
http://inhome.rediff.com/money/2006/nov/21naukri.htm.