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90. Septa  Mar 24, 2017 8:32:41 AM IST Reply

Shankara Building Products Ltd IPO

Have a Look a NGL FINE CHEM at Rs375 discloser i am holding this stock when share was below Rs20. IMO this stock will be big wealth creator in next five years will not be surprised if reach four figure mark (Rs1000)

Presently its market cap is around 650 Crs i am expecting net profit to grow with more formulation get approval it EPS to grow next year on back of this IMO it will report a full year EPS of Rs 30 which will continue to grow at good pace so based on this fundamental i strongly believe this stock will touch Rs1000 or even more
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90.1. Wasim  Mar 24, 2017 8:50:33 AM IST

Shankara Building Products Ltd IPO

Septa sir fortis healthcare 198 to 176 kya karna chahiye hold or sell
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90.2. Septa  Mar 24, 2017 8:56:08 AM IST

Shankara Building Products Ltd IPO

wasim i will hold and also add more. discloser all my stock picks have not been hit some have missed so make your own analysis before you invest. however my success rate is high 80% plus
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90.3. Shivajee  Mar 24, 2017 9:18:04 AM IST

Shankara Building Products Ltd IPO

Yes Septa sir, in secondary market even big experts cannot be 100% sure. Once I followed your call of ICICI target of 300 + but it only moved in the reverse. I DON''T REGRET OR BLAME YOU, but respect you, it happens. Anything may happen in these types of business.

That ICICI was one particular stock, but overall, I have made profits this year. Although I may not be knowledgeable or have time to study stocks like you professionals do, I believe the persistence has given the benefits. I am in for 3 years now, Ist year was loss; 2nd year neutral; third year has given profit.

LESSON LEARNED: Just don''t quit.

Septa Sir, I would like to receive few more investment ideas from you. I have just promoted from intraday to holding for 1 month. Now I need guidance for 1-month to one year as holding stocks (wealth creators/multibaggers etc). Please suggest few stocks on this goal.
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90.4. umeshh  Mar 24, 2017 9:24:09 AM IST

Shankara Building Products Ltd IPO

Septa sir I need 1 suggestion I have bought camlinfine share @ RS 113 and price has drop down to RS 92 so let me know.if I hold for few months is there any chance that price will go.up.
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90.5. Dot  Mar 24, 2017 9:25:21 AM IST

Shankara Building Products Ltd IPO

@ wasim & all forum members

SEPTA dont give positional calls & calls from SEPTA dont give profits....he is wrong person to follow if u want to make profits

However if somone have a little bit long horizon & have some patience then one MUST follow him...he is WEALTH GENERATOR machine...septa is a line where PROFIT & WEALTH is differentiated...

One recent example : look @ PIDILITE INDUSTRIES
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90.6. IPOHUNTERS  Mar 24, 2017 9:30:55 AM IST

Shankara Building Products Ltd IPO

LinkExternal Link

we have already covered NGL fine chem and its multibagger potential ..
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90.7. Anandk  Mar 24, 2017 9:48:17 AM IST

Shankara Building Products Ltd IPO

For secondary market discussion.. please go to some other place.
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90.8. rahoolgupta  Mar 24, 2017 9:53:41 AM IST

Shankara Building Products Ltd IPO

Septa Sir,
Your recommendations are worth following. You had suggested Poly Medicure I think two weeks back. After that it has not only grown by 21% but also a Bonus share has been issued today. Kudos to you and your analysis.
Thanks for the valuable suggestions and advice.
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90.9. Septa  Mar 24, 2017 10:09:58 AM IST

Shankara Building Products Ltd IPO

Anandk (Mar 24, 2017 9:48:17 AM IST)

For: Shankara Building Products Ltd

For secondary market discussion.. please go to some other place.


:) Anandk Sir so sorry...... but i will not go and will post secondary tips here only..... when majority do not have any issue chittorgarh management does not have issue i thing minority should just disappear
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90.10. Surjeet Gureja  Mar 24, 2017 10:56:08 AM IST

Shankara Building Products Ltd IPO

Septaji,
Don''t worry, you posts are given more attention than anyone else. Keep writing about Primary and Secondary market. People must be appreciated as long as they add value in forum.
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90.11. KnowledgeSeekIsHobby  Mar 24, 2017 10:56:24 AM IST

Shankara Building Products Ltd IPO

thank you Septa sir for your valuable input.
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90.12. Anandk  Mar 24, 2017 10:59:37 AM IST

Shankara Building Products Ltd IPO

@Septa
I know many people follows you blindly and they are after your analysis, recommendations, and constant updates on subscription base but that doesn''t mean you''ll give them tips and calls on spot market. This forum is meant for only IPO and IPO related discussion. The Chittorgarh management might not intervene given the popularity you enjoy here and your status of "IPO Guru". From your reply I can clearly sense your adamant behavior plus attitude you''re carrying on the back of your status. Learn to be polite to others.

I leave it you how you want to present yourself to so called minorities.

P.S.: I am not going to leave this forum .

With due respect
Anand
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90.13. Informed Intelligence  Mar 24, 2017 11:14:10 AM IST

Shankara Building Products Ltd IPO

Septa Sir,

Thanks a lot for posing your valuable views on IPO as well as secondary market.
Please continue. i am following only three to four guys in chittorgarh. You are at the top.
If someone does not active in secondary market he can enter or just ignore the post that''s all.

Thanks once again.
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90.14. Shivajee  Mar 24, 2017 11:16:05 AM IST

Shankara Building Products Ltd IPO

Septa sir is NOT adamant. He is a good person, I have seen his messages for long time like 3-4 years.

Of course this is basically IPO forum, but discussions on secondary market do happen and that is inevitable. "IPO only" discussion alone is impossible. The moderators understand this.

For example, an IPO stock becomes secondary market stock on listing and people do have to discuss on holding them or what to do with them.

Let us share views and not fight personally. Even if big people make small mistakes, let us learn to not to use harsh words. It will discourage them and the forum will not be lively.

No hardfeelings Anand! Be cool. All the best.





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90.15. vimal soni  Mar 24, 2017 11:26:58 AM IST

Shankara Building Products Ltd IPO

respecter septa sir,

please tell me about jppower. i am not blem you.i just want to know that can i buy more from here
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89. Septa  Mar 23, 2017 10:51:41 PM IST Reply

Shankara Building Products Ltd IPO

@Eagleye in one of ur comment you have mentioned "Interest cost @7%p.a. for 7days = 61.75paise for 1X" HNI COST FOR SURE SHORT ALLOTMENT 61.75*200 = Rs123.5 presently GMP 150 say on 1CR investment if it list at 610 will make Rs 2600 i serious do not understand why people borrow for such low return when IPO is oversubscribed such heavily.


anyway listing for 650 is possible so apply

AS I SAID BEFORE I HAD PUT ALL MY APPLICATION ON THE FIRST DAY ITSELF
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89.1. Eagleye  Mar 23, 2017 11:04:19 PM IST

Shankara Building Products Ltd IPO

NBFCs are funding .. but not @7% ... they are funding @8%

so the costing has gone up .. now

Interest cost @8%p.a. for 7days = 70.60paise for 1X HNI COST
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89.2. raj aggarwal  Mar 23, 2017 11:18:47 PM IST

Shankara Building Products Ltd IPO

Septa sir, any trading idea for tomorrow
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89.3. Septa  Mar 23, 2017 11:50:41 PM IST

Shankara Building Products Ltd IPO

If that the case then 70.6*200 so now the cost will approx Rs 141 so return will be worse
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89.4. Texas  Mar 24, 2017 12:43:47 AM IST

Shankara Building Products Ltd IPO

@Septa sir can you explain your calculation in detail. Please
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89.5. Septa  Mar 24, 2017 8:52:07 AM IST

Shankara Building Products Ltd IPO

@texas

one lot average cost is Rs15000 @8% interest for 7 days will cost Rs23/- for one lot since one lot equate 32 share cost per share will be Approx 72 paise.

Since market expect issue will be oversubscribed 200 times so cost to finance this will be 200*23 =4600 will get 32 shares and investment will be 30 lakhs

so for 1cr investment cost will be Rs15334 Approx and will get approx 106 shares at Rs150 GMP his profit before interest will be Rs15900 and the cost will be 15334 will make profit before tax and commission Approx Rs567 for 1cr outlay which IMO is very risky however market is expect Rs600 plus listing which will give the investor another 10k Approx notional profit
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89.6. Chem cho  Mar 24, 2017 9:25:24 AM IST

Shankara Building Products Ltd IPO

With due respect to all ,

I feel you are calculating as 7 working days for IPO to list as per SEBI guidelines , but actually it is 10 to 15 days from listing and payment received after sale , ( if sold on listing date) as there are bank holidays so listing takes time
i calculate for from 10 to 15 actual dates and my calculated amount nearly tally with my OD of bank statement account

for eg D mart closed on 10th march and listed on 21/3/17 == 12 days and payment received on 22/3/17 =13 days
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89.7. Texas  Mar 24, 2017 6:12:22 PM IST

Shankara Building Products Ltd IPO

@septa sir thank you for your valuable reply.
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89.8. Texas  Mar 24, 2017 6:17:49 PM IST

Shankara Building Products Ltd IPO

@septa sir thank you for your valuable reply.
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88. Septa  Mar 21, 2017 9:40:58 PM IST Reply

Shankara Building Products Ltd IPO

GMP is 160-165 after bumper listing of Indian retial giant in making Dmart and good Anchor book......Eagleye will surely give update of GMP from her side
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88.1. Aggarwal Abhishek  Mar 21, 2017 11:35:32 PM IST

Shankara Building Products Ltd IPO

Sir,
Have you gone for chemcrux....
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88.2. Septa  Mar 21, 2017 11:47:30 PM IST

Shankara Building Products Ltd IPO

yes i did..... however allotment will be hard fundamental very good company will certainly give bumper listing IMO
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88.3. umeshh  Mar 21, 2017 11:50:30 PM IST

Shankara Building Products Ltd IPO

Thanks Septa hi waiting for eagle eyes comment.
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88.4. Aggarwal Abhishek  Mar 22, 2017 9:48:03 AM IST
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88.5. vardhinim  Mar 22, 2017 11:39:30 AM IST

Shankara Building Products Ltd IPO

Septa sir.. I will be waiting for your reviews and updates. Pls tell me if you have any forum or blog to follow you.
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88.6. Nikhs  Mar 24, 2017 11:04:25 AM IST

Shankara Building Products Ltd IPO

Septa ji, Apologize if this is an elementary school question . Let''s say Suppose if QIB and HNI gets under subscribed , Will the portion of these shares allotted to retail investors ??
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87. Septa  Mar 21, 2017 9:31:04 PM IST Reply

Shankara Building Products Ltd IPO

Dmart gave a yopping 100% plus gains IMO shankara will give at least 1/3 of that. IT is unique retail business model which has very big scope and future in India. I am going to apply this on day one as i did with Dmart
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86. Septa  Mar 21, 2017 12:25:31 PM IST Reply

CL Educate Ltd IPO

LinkExternal Link

I AM NOT APPLYING THIS IPO I DO NOT FIND VAULE AT THESE PRICE. LISTING GAIN IS POSSIBLE ON SPECULATION AND MARKT PRESENT CONDITION BUT FUNDAMENTAL IT IS AVOID. THE CHANCE OF LOSS IS MORE THEN EXPECTED GAIN

INVESTING ALL ABOUT INVESTING WISELY THEN BLINDLY SO AVOID

All You Need To Know About CL Educate’s IPO

Soumeet Sarkar
Bloomberg

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.

Company

Financial Products

Enterprise Products

Customer Support

Americas

+1 212 318 2000

Europe, Middle East, & Africa

+44 20 7330 7500

Asia Pacific

+65 6212 1000

March 20, 2017, 6:25 pm March 20, 2017, 11:48 am
CL Educate Ltd., parent of coaching services provider Career Launcher, launched its initial public offering (IPO) on March 20 to raise Rs 239 crore at a valuation of Rs 711 crore. It’s the year’s fourth IPO after BSE Ltd., Music Broadcast Ltd. and Avenue Supermarts Ltd. Priced at Rs 500-502 apiece, the IPO closes on March 22. Here’s a snapshot of the offer and the company.

How Is The Offer Structured?

CL Educate Ltd. plans to issue 2.18 million fresh shares to raise Rs 109 crore, while the promoters and other investors will sell around 2.58 million shares worth around Rs 130 crore at the upper end of the price band.

Why Is It Raising Funds?

The company will use money raised from the fresh issuance to meet working capital requirement, pare debt and fund acquisitions.


What’s In It For Shareholders?

Ten promoters and 29 other shareholders will sell 18.22 percent of the post-issue equity share capital. Investor Gaja Trustee is looking to sell shares at a premium of 49 percent, Edelweiss Finance & Investments at 20 percent and GPE (India) at a 17 percent premium. While Edelweiss Finance will exit the company, Gaja will retain 1.8 percent and GPE 6.7 percent.


What Is The Company’s Business?

CL Educate started in 1996 by offering management test-preparation courses and later diversified into coaching for medical, engineering and civil services, among others, under its Career Launcher brand. The company also runs K-12 (kindergarten to 12th standard) Indus World schools, offers vocational training and provides publishing services under GK Publications. The firm also offers recruitment, training, and event management services to corporate houses through its unit Kestone.

What’s Its Revenue Source?

The company generates most of its revenue from test preparation classes and recruitment and training services provided to corporate houses.


CL Educate will sell its K-12 schools, which contribute 2 percent to the top line, to a third party for Rs 85 crore. It is looking to strengthen its test preparation business by acquiring ETEN, a division of coaching services provider IndiaCan Education Pvt. Ltd., for Rs 6 crore.

Who Are Its Rivals?

Coaching is a largely informal and unregulated segment of the education sector. CL Educate competes with unlisted players like TIME, JK Shah Classes and IMS that have pan-India presence. It’s listed competitors include MT Educare and Career Point.


At the upper end of the Rs 500-502 price band, CL Educate’s earnings per share (EPS) after issuing new shares will stand at Rs 15.3 for financial year 2015-16 and price-earnings ratio at 32.8 times, according to BloombergQuint’s calculations. CL Educate is expected to trade at a higher forward price-to-earnings ratio than its peers.


Promoters’ Shareholding

The shareholding of two of its co-founders Satya Narayanan R and Gautam Puri, who own nearly 43 percent, will come down to a little over 33 percent after the offer. The overall promoter holding will close to 65 percent.


Brokerage Verdict

Angel Broking, Indian broking firm, has a ‘neutral’ rating on the back of its expensive valuations.

Compared to its peers the margins and ROE profile of CLEL does not appear to be attractive. The company’s business is working capital intensive which coupled with expensive valuations may not provide a significant upside to the investor.
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86.1. LoneRanger  Mar 21, 2017 1:54:08 PM IST

CL Educate Ltd IPO

Dear Septa Sir,

thanks for your honest and valuable feedback. Much appreciated.
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85. Septa  Mar 21, 2017 9:44:21 AM IST Reply

Avenue Supermarts Limited IPO

Great listing on cards. I brought Pricol at 85 looking good short term target 100.

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85.1. mallikharjunareddy  Mar 21, 2017 9:49:13 AM IST

Avenue Supermarts Limited IPO

septa sir ,
i am having 100 shares , can i book profit sir
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85.2. Septa  Mar 21, 2017 9:54:21 AM IST

Avenue Supermarts Limited IPO

i will book profit at least 20%
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85.3. Mewadi  Mar 21, 2017 1:59:00 PM IST

Avenue Supermarts Limited IPO

Dear Septa Sir,

Please guide us regarding Precision camshaft and gna axles.

thanks & regards
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85.4. Septa  Mar 21, 2017 5:05:50 PM IST

Avenue Supermarts Limited IPO

Mewadi if you have been following chittorgarh and my comments on PCL U will know I am very bullish on auto ancillary. In case of PCL I had booked a big capital loss last financial year it was tax transaction. My precent holding has a average price of 151 APPROX.


No one can argue against that car demand in India is growing exponentially and PCL will benefit from this demand being market leader in a critically all important part however market will not reward PCL till it produces good quarterly result then average result they have provided till date. I am not sure at what price or how much ur holding if it at issue price I will certainly average at these price .

GNA AXLES again the story is same and issue is also same good quarterly results is the key. At precent I am out of this counter

With
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85.5. Mewadi  Mar 21, 2017 6:26:15 PM IST

Avenue Supermarts Limited IPO

Dear Septa sir,

I have been holding both of them since allotment.
Will try to average if possible.

I would like to thank you for your valuable reply.
I have earned many times through your suggestions.

Thanks again.
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84. Septa  Mar 20, 2017 12:11:08 AM IST Reply

CL Educate Ltd IPO

Looking at anchor book two of my favourite funds mangers have put bet on this IPO.
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84.1. Ashish Khater  Mar 20, 2017 12:35:36 AM IST

CL Educate Ltd IPO

Mayb even anchor investors r bought I feel....In this world anything can happen.....What do u feel septaji, will d market correct? Valuations look really stretched. No improvement in results.
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83. Septa  Mar 18, 2017 10:54:40 AM IST Reply

Avenue Supermarts Limited IPO

DMART ALLOTMENT OUT check ur bank out
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83.1. Nahid Ansari  Mar 19, 2017 2:22:12 PM IST

Avenue Supermarts Limited IPO

sir should we buy d mart on listing as i didn;t got allotment, for long term say 2-3 years
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83.2. Septa  Mar 19, 2017 2:34:13 PM IST

Avenue Supermarts Limited IPO

Yes if it list below 425 to 450 range
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83.3. Nahid Ansari  Mar 19, 2017 6:35:22 PM IST
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82. Septa  Mar 18, 2017 12:18:28 AM IST Reply

Shankara Building Products Ltd IPO

Reliance Equity Advisors, the private equity (PE) arm floated by Anil Ambani''s Reliance ADAG, is in a new avatar now. The fund, acquired by Reliance Equity Advisors'' CEO Ramesh Venkat, through a first-of-its-kind management buyout in Indian PE space, has come out with a new name - Fairwinds Private Equity.

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81. Septa  Mar 17, 2017 10:08:15 AM IST Reply

Music Broadcast Ltd IPO

i brought more at 374 looking 20% upside from here in 3 months
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81.1. Chem cho  Mar 17, 2017 10:24:13 AM IST

Music Broadcast Ltd IPO

Keep strict stop loss
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81.2. sam the king  Mar 17, 2017 10:29:13 AM IST

Music Broadcast Ltd IPO

sir traded quantity something around 1.20 cr. when the treble quantity is 75 lkh share
but volume done at lower level so most probable more down side !!!from here???
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81.3. Septa  Mar 17, 2017 10:34:41 AM IST

Music Broadcast Ltd IPO

yes good advice CHEM CHO..... always always have stop loss
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81.4. Nalin Saini  Mar 20, 2017 6:51:04 PM IST

Music Broadcast Ltd IPO

I also bought today 200 shares @368 based on your advice. Thanks Septa Sir.
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80. Septa  Mar 16, 2017 12:46:11 AM IST Reply
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79. Septa  Mar 16, 2017 12:43:41 AM IST Reply
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78. Septa  Mar 15, 2017 9:56:36 PM IST Reply

Shankara Building Products Ltd IPO

just Imaging if FDI is allowed or indian company build a successful organised business model in this lucrative sector in home development untapped by organised sector just watch the link i have posted earlier (15) of Shankara Building MD interview he says market size of this total sector is 450000 crs untapped by organised sector WOW. please watch the interview MD looks spark and intelligent

also watch this link LinkExternal Link
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78.1. Septa  Mar 15, 2017 9:59:23 PM IST

Shankara Building Products Ltd IPO

Sukumar Srinivas, an alumnus of the Indian Institute of Management, Ahmedabad, and a first generation entrepreneur.....
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77. Septa  Mar 15, 2017 9:02:47 PM IST Reply

Shankara Building Products Ltd IPO

GMP 95-100 from the same broker 2 hours back did not know anything about this IPO however eagleye and arjun will update with correct GMP kostak
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77.1. rvr  Mar 15, 2017 9:24:43 PM IST

Shankara Building Products Ltd IPO

Septa ji ..this forum gets knowledged people like...now see the over subscription
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77.2. rvr  Mar 15, 2017 9:25:23 PM IST
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76. Septa  Mar 15, 2017 8:13:16 PM IST Reply

Shankara Building Products Ltd IPO

Business like this which is common you will find hardware shop steel suppliers cement suppliers sanitary tile supplier paint shops in most suburbs in india. especially small hardware store which is very lucrative. SBP IS ALL UNDER ONE ROOF AND DISCOUNT PRICE LIKE DMART IN CONSUMER FOODS SBP IS SUPERMARKET FOR HARDWARE NEEDS.

In india we do not have listed player however international we have many players like The Home Depot, Lowe''s, Menards In, Bunnings, B&Q and Mitre 10..... Average PE of these company is around 27 in a mature environment with tipped growth.SBP OFFER PRICE IS AT 21 PE SO LOT IS LEFT IN TABLE

Shankara Building Products is trying to model it business under this home improvement centre in market like India which very unorganised today if i go to buy steel from local traders chance of getting inferior material or low tonnage is part and parcel on local traders. With SBP we are getting an organised players selling all home building or improvement under one roof which is win win situation both for SBP and we Customers

With regards to Real estate slow down we are going to worst face it cannot getting worse then this also case of steel and cement price

NOW let see the valuation they asking Rs 460 which gives it a PE of 18.33 on annualised EPS of 25.33 from 9th months result which also included two months of denomination effect not sure how much it effect its balance sheet.

GMP still not started enquired from my brokers however this will be very good IPO to apply will not be surprised once people understand this business model GMP will start

Now to DCF from past CAGR is around 25% which great from a 13 EPS 2014 to grown to 26 EPS 2017 for the full year (estimate) however just to safe i take half of it which around 13% and also discounting it by 11% the future earning so worst come worst THE FAIR VAULE I GET IS RS 541 YES A GOOD Rs 81 left for investor.

IMO this another DMART will not be surprised 100% gain from issue price over one to two years or soon bcoz worst come worst this will list price am getting Rs550 with25% MIS

SO APPLY FULL ON FIRST DAY ITSELF

Initial Cash Flow:      $55,00,00,000                   
                        
Years:      1-5      6-10            
Growth Rate:      13%      15%            
                        
Terminal Growth Rate:      5%            Discount Rate:      11%
                        
Shares Outstanding:      2,28,49,297            Margin of Safety:      25%
Debt Level:                        
                        
Year      Flows      Growth      Value      
1      62,70,00,000       14%      $56,48,64,865       
2      71,47,80,000       14%      $58,01,31,483       
3      80,77,01,400       13%      $59,05,84,302       
4      91,27,02,582       13%      $60,12,25,461       
5      1,02,22,26,892       12%      $60,66,41,907       
6      1,14,48,94,119       12%      $61,21,07,149       
7      1,27,08,32,472       11%      $61,21,07,149       
8      1,41,06,24,044       11%      $61,21,07,149       
9      1,55,16,86,448       10%      $60,65,92,670       
10      1,70,68,55,093       10%      $60,11,27,871       
                        
                        
Terminal Year      $1,79,21,97,848                   
                        
PV of Year 1-10 Cash Flows:                  $5,98,74,90,006       
                        
Terminal Value:                  $10,51,97,37,748       
                        
Total PV of Cash Flows:                  $16,50,72,27,753       
                        
Number of Shares:                  2,28,49,297       
                        
Intrinsic Value (IV):                  $722.44       
                        
Margin of Safety IV:                  $541.83       
                        
What Percentage of IV comes from                   64%      
the Terminal Value:                        
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76.1. Jsn  Mar 15, 2017 9:07:06 PM IST

Shankara Building Products Ltd IPO

Tnx v mutch septa sir
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76.2. Smiter  Mar 21, 2017 7:52:07 PM IST

Shankara Building Products Ltd IPO

Sir,
The only thing i want to knwo is how do you take growth rate in the DCF NPV analysis...is it as per previous 2-3 years..or as per industry growth rate...or arbitrary 10 to 15 %??
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75. Septa  Mar 15, 2017 11:32:04 AM IST Reply

Shankara Building Products Ltd IPO

if price band is 460 just back of envelope calculation looking at 24 PE on 2016 earning
if some has link to RHP pls forwards will work out fair value
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75.1. Jsn  Mar 15, 2017 11:40:14 AM IST

Shankara Building Products Ltd IPO

All member waiting septa sir
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75.2. AKH  Mar 15, 2017 4:07:33 PM IST

Shankara Building Products Ltd IPO

chittorgarh moderator is not allowing to post link of RHP as it contain numbers
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75.3. Forum Modulator  Mar 15, 2017 5:37:05 PM IST

Shankara Building Products Ltd IPO

Hi AKH,

The link you are trying I post is DRHP link and its already available on top of this page.

Also note that we have noted the problem you and Septa sir has reported and looking in to it.

Thank you for your kind feedback.

Chittorgarh.com
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75.4. kabra  Mar 15, 2017 7:14:57 PM IST

Shankara Building Products Ltd IPO

Septa Sir,

Your view on Vivimed labs and Mangalam drugs. Is anyone worth buying at current valuation.
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75.5. kabra  Mar 15, 2017 7:45:17 PM IST

Shankara Building Products Ltd IPO

Septa Sir,

Your view on Vivimed labs and Manglam Drugs. Is anyone worth buying at CMP.
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74. Septa  Mar 15, 2017 10:44:08 AM IST Reply

Music Broadcast Ltd IPO

Allotment is out got sms received from bank
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74.1. CHD  Mar 15, 2017 10:47:41 AM IST

Music Broadcast Ltd IPO

Which bank, Septa ji ...?
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74.2. invisible  Mar 15, 2017 10:48:27 AM IST

Music Broadcast Ltd IPO

which bank sir ji??
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74.3. Mayur Nakar  Mar 15, 2017 10:50:29 AM IST

Music Broadcast Ltd IPO

AXIS / SBI

MENTORRRR NAHI MENTAL
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74.4. Septa  Mar 15, 2017 10:50:45 AM IST

Music Broadcast Ltd IPO

Axis bank however with hdfc and icici bank i still got no msg for other demat account
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74.5. CHD  Mar 15, 2017 10:50:54 AM IST

Music Broadcast Ltd IPO

But Allotment status not yet uploaded by Karvy .....?
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74.6. Mayur Nakar  Mar 15, 2017 10:51:30 AM IST

Music Broadcast Ltd IPO

SBI / AXIS OBLIVIOUSLY

MENTOR OR MENTAL
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74.7. Septa  Mar 15, 2017 10:55:40 AM IST

Music Broadcast Ltd IPO

Mayur Nakar Ji give respects take respects stop name calling. Even i sometime have question so nothing wrong always always be humble it will take you long way then money

CHD sir Axis bank i got debit msg on my other bank account i have not received any msg
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74.8. Mayur Nakar  Mar 15, 2017 11:08:29 AM IST

Music Broadcast Ltd IPO

Sorry Sirji CHD & Septaji
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73. Septa  Mar 14, 2017 3:03:42 PM IST Reply

CL Educate Ltd IPO

CL Educate
GMP NIL




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72. Septa  Mar 13, 2017 11:30:03 PM IST Reply

Shankara Building Products Ltd IPO

I like this I have few from this sector in my portfolio which have given handsome returns

Once the price band out will work out fair price
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71. Septa  Mar 12, 2017 10:20:34 PM IST Reply

CL Educate Ltd IPO

For third time this year, Gaja Capital to take the IPO route for partial exit

For third time this year, Gaja Capital to take the IPO route for partial exitPrivate equity firm Gaja Capital is about to mark its third partial exit through the IPO route this year as its portfolio company, CL Educate, gears up for its public market debut next month.

The CL Educate initial public offering of about 47 lakh shares, expected next month, will consist of about 20.6-lakh fresh shares and an offer for sale of up to 26.3-lakh shares by the company''s existing stakeholders.

The New Delhi-based education services venture, which is focused on test prep services and publishing, aims to raise about Rs 350 crore from the stake sale. The final offer documents are expected to be filed with the Securities & Exchange Board of India, the market regulator, later this month.

Retail and institutional investors will watch the IPO keenly, given that it is one of the few by an education services company in the recent past. Education companies that have gone public previously have had a poor track record.
For third time this year, Gaja Capital to take the IPO route for partial exitOn Tuesday, the Madras High Court appointed a provisional liquidator to take immediate possession of the assets of Everonn Education, following charges of fraud and misappropriation. Separately, it was reported that Zee Learn put its merger with Tree House Education on hold, deciding to re-evaluate the deal following the latter''s March quarter results.

"There have been significant governance issues in the past and we, as promoters, have been very sensitive about that. But we are hoping to change investors'' mindset and are confident that the market will view it positively," Nikhil Mahajan, chief financial officer of CL Educate, told ET.

The IPO will be the third in which Mumbai-headquartered Gaja Capital is participating in 2016 following the strong public market debuts of two portfolio companies, RBL and TeamLease. The issues were oversubscribed by 70 and 66 times, respectively.

"We took some counter-cyclical bets, given that India, for the period 2008-13, did not play out as per everybody''s expectations," said Gopal Jain, managing partner at Gaja Capital. "This new IPO market is characterised by growth and governance, which are much stricter filters, and are keeping away a lot of companies."

Gaja Capital invested in CL Educate in 2007 and holds about a 20% stake in the company, having cumulatively put in about Rs 78 crore.

It is expected to sell about a third of its holding. HDFC is the other major institutional stakeholder in the company.

"It is a robust IPO market, but there are also a fair number of companies that want to go public, but can''t, due to their lack of growth. TeamLease and CL Educate are our bets on the jobs market, which is a great derivative of the growth of the Indian economy," said Jain.

I t’s been a blockbuster year for the country’s IPO market, with 50 companies raising almost $3 billion. Another 22 companies are lined up for the year, according to Baker & McKenzie, bringing the year-end estimated total deal value to $5.8 billion, a six-year high.
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