Edelweiss Capital will list at Rs.1600

Thebullishtrends : Edelweiss Capital will list tomorrow in stock exchagnes. Edelweiss Capital issued shares at upper price band of Rs.825 and collected Rs.692 crores from the IPO market, the overall issue 111 subscribed. Edelweiss Capital is expecting to post Rs.196 cr profit for this financial year and expected EPS will be around Rs.36 at this if it listed at Rs.1600 which discounts P/E by 44 times the price will be high as it is compared to similiar companies like India Bulls (15times) and Motilal Oswal(15times). Tomorrow Edelweiss Capital will gives excellent returns to it's Investors who got the allotment.