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Valuation of Matrix Gas Pre-IPO Shares

As on 15.02.2024

No. of Shares = ~1.98 CR

After that in the Private Placement Matrix Gas has issued ~60 Lakh shares at INR 400 per share. 

Total Share Outstanding ~2.58Cr. 

At Unlisted Pre-IPO Price of INR 900 per share, the Mcap is INR 2300 Cr. 

Fy23 Numbers-

Revenue = 490 Cr
PAT = 32 Cr

P/E = 72x. Looks very high..
 

https://x.com/UnlistedZone/status/1799041895508943226