Dev accelerator IPO is valuable on 310x P/E, though retail bids grow 59x! Here is why

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Dev accelerator IPO is valuable on 310x P/E, though retail bids grow 59x! Here is why

Flexible Workspace Solutions Company Dave Accelerator has received strong response from retail investors, with quota receiving more than 48X subscribers the next day. The retail part has received a bid of 13.64 crore shares against 23 lakh shares available for subscription, indicating that investors may have gloss-over valuation concerns regarding the issue.

SBI Securities Note is estimated at VEV Accelerator’s FY25P/E Multiple 310.10, which is significant than its other listed peers, such as AAPLUS Space Solutions (60.8) and EFC (28.7), respectively.

Meanwhile, the P/E estimates of the brokerage fun are on the basis of the last month (on September 8, 2025) at 58.2 against 58.2. For smart works co -workers and indicby spaces, the ratio is -83.4 and -30.6 respectively. Negative price-to-body (P/E) ratio generally indicates that the company is a loss.

The feedback shows that retail investors are willing to pay a premium for the company’s future growth and professional model.

The company became profitable in the financial year 24 while delivering a modest net profit of Rs 1.8 crore in FY 25.

Commenting on the trends seen so far, the Retail Fundmental Desk of Sunny Agarwal, Head – SBI Securities agreed that the issue price was at the right value and that the PE multiple god could not be appropriate metric to value acceleration. “The PE is not a suitable metric for Dave,” he said. Rs. On the high price band of Rs. “

Agarwal is attributed to low profitability of high interest and depreciation costs due to lease responsibility. However, the company’s income has registered an impressive CAGR of more than 50% between FY 23 and FY22, but the D/E ratio of FY 25 is 2.4x higher (D/E is expected from medium to 1x after post-Issue), he added.

Agarwal has taken a ‘neutral’ view on this issue as it recommends trAcing the company’s post listing operation before adding a new position to the stock, once the stock is listed. It advises against any foo approach.

Anand Rathi, on the other hand, has suggested ‘subscribe’ on this issue. “At the upper end of the price band, the company is valued at 305x fiscal year 25p/E and 3.5x P/S, with a market capitalization of ₹ 5,501 million. To strengthen client retention by HR, IT and S. Software Ftware Services, to enhance its advice, Global IT, to enhance it, to enhance it. ITS, Global, Global, Global, Global, ITS, Global, ITS, Global, ITS, Global, Global, Global, ITS, Global, as well as Talent. Providing recruitment solutions such as screening and team growth, the IPO is seen as a full price, “Anand Rathi said.

High P.E.

ACE equity data shows that there are only 16 BSE listed companies that have more fiscal than 25p/E multiple fiscal than God Accelerator. Market capitalization in these stocks is Rs. 1000 crores or more. Among them are new-age stocks like FSN E-CE Murse Ventures (NYKA), Eternal. Others include Dishman Carbogen Amesis, Westlife Foodworld, SIS, PTC Industries, Pirmal Pharma.

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