Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Spencers Retail, CESC Ventures to list today

Updated : January 25, 2019 09:34 AM IST

Spencers Retail and CESC Ventures, the demerged verticals of CESC Group, are listing on the exchanges on Friday.

These two companies are non-power businesses in the power generation and distribution major CESC.

The retail business, Spencers Retail, would house the Spencer’s and hyper store of the company and is expected to have a marketcap of Rs 2,500 crore, giving a per share value of Rs 300. FY18 revenue of the retail business was Rs 2100 crore and the street is ascribing a value of 1-1.2 times.

For the ventures business, the marketcap is expected at around Rs 1,800 crore, giving it a per share value of Rs 600. Here the dark horse could be the Too Yumm brand as the analyst have not factored in the full price of this. The management says it is running at a run rate of Rs 600 crore revenue per annum.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV