H.G. Infra Engineering Ltd IPO Message Board (Page 17)

Yes there is a lot to buy in this market ....

Not too far ago I came across a piece of news about how India could have only Electric Vehicles before the year 2030 is out and that the vehicles using fossil fuel (Petrol / diesel) and the facilities that manufacture such vehicles would be bulldozed by the policymakers. The automotive makers were obviously seen huddling to race against the time and announced their Electric Vehicle Launch dates, one after another ...

But a few had full faith in the policy makers at the helm. During the recently concluded Auto Expo, the misconception was cleared and it was told that there was no Electric Vehicle policy in place or under consideration to make this too far fetched dream come true anytime sooner.

Obviously those Investors who missed onto the chance to gobble up shares of Auto Component companies that typically manufactured the fuel tanks or petrol / diesel engines or related components can''t thank the honorable, visionary R&T minister enough for such pleasantly surprising decision ....

what is your answer w.r.t 400 millian $ ?
moderator is working like policymaker , busy in removing our messages including m.kid , uuu.

@ Bhallal dev

Oh! That ..Haha You and I were thinking along the same lines ..I only feared that the surprise might turn out to be more gruesome and shocking than you or I could believe.. ....But yes! You were bang on this time...

At 30 PE this smaller Infrastructure company issue is fully priced with not much gain in short to mid term.

Listing gains are uncertain as market is currently very volatile and with PNB scam market sentiments are badly hurt. I may be wrong but I am expecting subscription to be similar to Aster.

Even for longer term.(1year)...this being election year nothing much will happen in Infrastructure development as govt focus is currently on 2019 election.

At 30PE it is a decent investment if investment time horizon is at least 2-3 year.

You post is having very good point. Specially you mentioned for next year election. We should think for this IPO. When we see the company financials, its shows heavy drop in 31/Mar/2015 to 92.22M. Its the first year of government.

Long term investor has to think twice, may be the history repeats in 2019 or 2020.

Hello,

Ab capital, should invest for long term, 5 to 10 years at dis rate ????

GMP of H G Infra is 40-42
GMP of Aster DM is -2-4 (Negligible trade)

Bhel call?

Gmp is coming down,very risky and same like aster dm

Reasonable price issue. One can expect a modest listing gain. One need not worry too much about subscription figures and need not take subscription decision based on that. Do your own analysis and take decision.There are no guarantees in this market.

ASTER DM HEALTH CARE TOTAL DEBT IS RS.3000 CRORE. STOCK MARKET ALWAYS NOT INTEREST IN HIGH DEBT COMPANY. HENCE ASTER FAILS.

Can you stop writing in all Caps and spare us from the torture.

Dear Vendetta,
Ok Sir I follow your words.

I feel it is another highly priced IPO. Not learning from the treatment / response received by Aster DM and Galaxy Surfactant. Promoters and Lead Managers are still trying to justify high price on flimsy grounds, forgetting that under present market conditions, people are not going to invest blindly except those who have personal interest / commitment to make such IPOs successful (related with lead managers).

Last IPO in this type of sector SREI Infra''s BRNL listed at discount.This sector is not so attractive from investment angle.Needs to be careful.

@. Bhallal dev

That''s correct...I also believe that the loss of confidence in the entire system and uncertainty of policies would weigh on such issues going forward...
To instill confidence, the policymakers may put some fair practice code in place. For instance Do Not allow companylies known to have engaged in a fraudulent activity and been suspended from the market for that, operate as registrars / LMs or be authorized to process investor''s KYCs ....

Also some KYR <--- Know Your Registrar type of declaration should be made available to all the prospective investor''s consideration.. .

grey market of h g infra is 58 - 62 rs..application rate is 550- 570

Which city this kostak rates r

I want to sell if any buyer

Pls give reply

Present GMP 45 but there is no volume

Asking PE > 30 and PB > 7 is of course very high.

@ Anarchist.
I agree with your view.
Other important factor is the size of company.
HG Infra is only 10% of the size of Dilip Buildcon as far as sales and net profit are concerned. So it is irrelevant to compare both of them.

Another high price IPO.
Profit making in all last 5 years.

Other listed cos....eps....p/e

knr.........................10......25
jkil..........................13......15
pnc infra................6........20
sadbhav eng. .......10......27
ashoka buildcon...10.....20
dilip buildcon........27.....21

HG infra IPO..........10.....27

Those who gave a miss to Aster will not regret.

Some Corrections :

Above data collected from DHRP which is not correct.
link page 94
http://www.hginfra.com/pdf/draft-red-herring-prospectus.pdf

New data as per RHP page 98
http://www.sbicaps.com/wp-content/files/HG_Infra_Engineering_Limited_Red_Herring_Prospectus.PDF

Other listed cos....eps....p/e

knr........................10.....38
jkil.........................14.....24
pnc infra................5......42
sadbhav eng.........10.....37
ashoka buildcon...10......24
DBL.......................28.....34

HG infra................10......27 with Rev. CAGR 30 % and Profit CAGR 70 %

As per this data IPO looks good and 15-20 % left on the table.So one should subscribe.

@ Bhallal dev

Those figures about the P/E ratios are utterly misleading. Most of those archetypal construction firms have clocked a robust growth in earnings / margin and the EPS in the last few quarters. So the TTM P/E of Dilip Buildcon is only 21while that of KNR is about 18, JKIL trades at 23 P/E and PNC at about 24.

LMs are clearly trying to compare the present of one company with the past of the others to paint a rosy picture ...A careful inspection of other aspects must be carried out before taking any investment decisions in this era of frauds and deception.

BRIGHT FUTURE FOR INFRASTRUCTURE SECTOR AHEAD.

GMP 60-65 Rs
Kostak : 600Rs

where this rate i want 2 sell

TOTAL LONG TERM DEBT IS RS.113 CRORE AND SHORT TERM DEBT IS RS.142 CRORE. COMPANY COLLECTING 300 CRORE FRESH CAPITAL TO RETIRE DEBT. AFTER THE ISSUE DEBT WILL SUBSTANTIALLY REDUCE.
2017 EPS 9.87
SEP.2018 5.42 IT TRANSLATES INTO FULL YEAR IT BECOMES ALMOST EPS. IS RS.11.
HENCE IT COMING AROUND 25 PE. IT IS NOT HIGH PRICED IPO.
DILIP BUILDCON 33 PE
KNR 37 PE
PNC INFRA 41 PE
J.KUMAR 24 PE
SADBHAV 36 PE.
ITS ORDER BOOK IS RS.3,700 CRORE.
ONLY THING WE HAVE TO LOOK IS HOW QIB SUBSCRIBING THE ISSUE. IF QIB GETS GOOD RESPONSE WE CAN CONSIDER THE ISSUE.

Good analysis.
Only word of caution v r entering bear cycle
Invest some money in gold bonds

GMP and application rate of hg infra ???

Any suggestion for jhandewala food I want to buy.??

mt lena Jhandewala Foods

Very bad ipo don''t subscribe it

I selling 306 Kotak my brokar