India enterprises pvt ltd, a mid sized chemical company is planning to sell partial equity to a private equity investor to raise funds for its business needs. The firm is a closely held entity with the shareholding owned by a limited number of investors. The firm is planning to make a private placement with Growth capital investors, a PE firm that focuses on mid sized firms for its investment portfolio.. The following financials are available for India Enterprises and three of its competitor firms which are listed on National stock exchange

(Rs. Million)

	Comp 1	Comp 2	Comp 3	India Enterprises
Revenues	20100	16200	13500	12100
EBITDA	2830	2500	1525	1780
Profit after Tax	1688	1198	891	986
shareholder's funds	9750	8540	7260	5820
Loan funds	4060	4150	3500	1880
Paid up equity capital (Rs. 5 each)	2400	2000	1800	1440
Expected EPS growth	14%	12%	10.2%	15%
Market price per share	105	75	51	???

Using the data for India Enterprises and peer group companies, develop a range of valuation estimates per share of India Enterprises??

The private equity firm would like to offer a 20% premium on the average valuations per share. Determine the cash flow to India Enterprises for a 15% equity offered to Growth capital.