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bangalore king's Comments

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8. bangalore king  Apr 24, 2017 11:49:37 AM IST Reply

S Chand and Company Ltd IPO

S Chand is the largest textbooks publisher in India catering to the CBSE/ICSE K‐12
market having strong Pan‐India footprint. It has created/acquired brands over the
years and has been successful in increasing its school bag content share in
CBSE/ICSE schools. Its strategy of acquiring niche players like Vikas/Madhuban to
fill the product gaps in Hindi titles and Saraswati brand to bolster content strength
in French & languages has contributed to growth significantly. S Chand has spent
~Rs4.5bn (Rs3.4bn goodwill) over the past 4 years in acquiring companies and then
gradually scales them up. We feel this strategy to grow by aggregating is a crucial
aspect for anyone who wishes to grow in the Indian Publishing market. The IPO
consists of Rs3.25bn fresh issue and Rs4bn OFS from Everstone Capital/Promoters
valuing the business at a Market Cap of Rs23bn implying an EV/EBIDTA of
16.4xFY17E which seems fully priced. However, considering strong parentage,
branded portfolio, professional management, reducing debt profile post IPO, good
growth opportunity & limited listed opportunities to play the Publishing segment,
recommend “Subscribe” with a long term objective.
7. bangalore king  Mar 31, 2017 11:24:12 PM IST Reply

Dev Information Technology Ltd IPO

MUMBAI: Surat based Euro India Fresh Foods (Euro India) completed the biggest IPO on any of the SME platforms in India with a Rs 51.25 crore offer. On Friday, the stock was listed on NSE Emerge platform at Rs 82.35 and closed at Rs 89.95. The shares were offered at Rs 78, a release from Pantomath Capital Advisors, the lead managers to the offer, said.
7.1. vishal sekhawat  Apr 1, 2017 10:52:11 AM IST

Dev Information Technology Ltd IPO

Respected concern plz advise me for apply or not
6. bangalore king  Mar 22, 2017 7:04:39 PM IST Reply

CL Educate Ltd IPO

Retailer will end up getting huge allotment... NII is very less.
Be careful guys !!!!!
6.1. IPO Student  Mar 22, 2017 7:39:03 PM IST

CL Educate Ltd IPO

First day first show me profit book kr lena bhai log..!!!!
5. bangalore king  Mar 17, 2017 10:34:44 PM IST Reply

Music Broadcast Ltd IPO

17-Mar-2017       RADIOCITY       Music Broadcast Limited       HDFC LIFE INSURANCE       BUY       8,00,000       379.27       -
17-Mar-2017       RADIOCITY       Music Broadcast Limited       HDFC STANDARD LIFE INSURANCE CO LTD       BUY       4,30,000       376.54       -
17-Mar-2017       RADIOCITY       Music Broadcast Limited       HDFC STANDARD LIFE INSURANCE COMPANY LTD.       BUY       4,07,430       375.22       -
17-Mar-2017       RADIOCITY       Music Broadcast Limited       ESSCEE TRADING VENTURE       BUY       5,54,658       398.79       -
5.1. Prats  Mar 19, 2017 8:04:51 AM IST

Music Broadcast Ltd IPO

If HDFC fund house is buying, it will surely go down, they have the worst fund managers, who follow others analysis. Exit
4. bangalore king  Mar 17, 2017 11:00:58 AM IST Reply

Music Broadcast Ltd IPO

Guys hold on... every report we read was telling there is not much upside... to me, fair price of this IPO is 385.

Ever tom dick and harry is opening new accts and writing on this site thinking they will get massive returns which was never the case.. more new heroes applying, less allotment possible.. these are simple rules of the game.

No blaming others.. else there is always bank FD.. go and use that. !
4.1. SakhamA  Mar 17, 2017 11:41:26 AM IST

Music Broadcast Ltd IPO

I agree with you banglore king.
Equity market is a risky affair. Atleast this gave a profit. I was had 3 lots and sold both at 382. 15% profit is not so bad. Nothing to crib about.
3. bangalore king  Mar 11, 2017 10:49:14 AM IST Reply

Airan Ltd IPO

Damn costly.. BIG AVOID !

If we annualize these earnings and attribute to fully diluted post issue equity of Rs. 12.50 then asking price is at a P/E of around 25 plus making it a VERY pricy offer. Its peers are trading around same or little lower P/Es.
2. bangalore king  Feb 25, 2017 10:17:27 AM IST Reply

RMC Switchgears Limited IPO

Dates are confirmed
2.1. KAMMA SIVA RAMA KRISHNA  Feb 25, 2017 7:47:07 PM IST

RMC Switchgears Limited IPO

Can any one help me by providing the link for RMC SWITCH GEARS LIMITED ipo application to be submitted through online? Early please. Thanks
1. bangalore king  Feb 14, 2017 10:54:40 PM IST Reply


Till NSE actually comes to the markets, would it make sense at all to stick by with BSE because they are not going to degrow from here. There is this marginal chance that business may actually be up from here?

One reason to buy this IPO would be for a dividend yield. I believe they will be selling a substantial portion of their holding in CDSL maybe later this year that will give a huge cash amount to the BSE and I expect them to be transferring that cash because they do not need the cash for operations. They are a cash rich company. Most of their profits comes from the interests they earn from their cash deposits.

If that is the case, that will be one big result thing to look forward to this year. So there will be a dividend yield, I expect reasonable amount of money per share to be distributed. Having said that, from a longer term perspective is it an exchange that you want to own? You have two exchanges today -- MCX and BSE that are listed and on both the volumes growth in terms of volumes trade has not been substantial. I say this for NSE as well. The bet could be that in the next 10 years this will double, triple, quadruple but since I have not seen that volume really coming into that market. I do not know if BSE is a great play and so I will wait for this.
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