Nice write-up. One aspect which you have ignored is the dividend which this company has not declared and is supposed to declare soon. As mandated PSUs are supposed to declare 30% or profits as dividend which will amount to Rs.1.10 to 1.30 and incremental in future also.
that itself would amount to a yield better than savings account even if the IPO lists at 26/-
Hi Skand, good to read your write up. I am an India based value investor and write at sohamdas (dot) in. Would love to exchange emails and get a conversation going.
HI skand,
Nice write-up. One aspect which you have ignored is the dividend which this company has not declared and is supposed to declare soon. As mandated PSUs are supposed to declare 30% or profits as dividend which will amount to Rs.1.10 to 1.30 and incremental in future also.
that itself would amount to a yield better than savings account even if the IPO lists at 26/-
please mail me your comments at amit264agarwal@gmail.com
would love to connect with you .
reagrds
Thanks. Would help to know your thoughts on government spending/fisc
Hi Skand, well written, we at JST investments have written something similar
https://jstinvestments.com/irfc-ipo-everything-you-need-to-know/
Hi Skand, good to read your write up. I am an India based value investor and write at sohamdas (dot) in. Would love to exchange emails and get a conversation going.
Do you still own this?
What are your incremental positives and negatives since listing?