Mumbai-based Talwalkars, which runs a chain of fitness centres across the country, has finally received the go ahead from SEBI; the company announced the price band for its initial public offering few days back.
At Rs. 123 – Rs. 128 per share, the promoters are seeking a valuation of anything between Rs. 297 crores to Rs. 310 crore for the company. Assuming a PAT of Rs. 6 crores, Talwalkars would trade at a PE of 50x.
Prof. Mankekar, Radhakishan Damani (D’Mart) and Celebrity chef Sanjeev Kapoor are investors in the company.
Read the full story here: http://in.reuters.com/article/indiaDeals/idINIndia-44939420091223
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