IPO Watch: Tech Pro Systems

powerfulpicks IPO Watch: One can subscribe to Tech Pro Systems IPO (Rs 355 each, check for retail discount). Crisil has given a rating of 4 out of 5 to the offering, giving it a high fundamental value. At this price P/E will be around Rs 17. EPS will be Rs 22.3. The company's sales volume is increasing at around 9-10% per annum, net profit around the same rate. With turnover at over Rs 1000 crores, iIt has a strong presence in material handling (Bulk Solids Handling Systems); its competitors include TRF, McNally Bharat etc.