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Akruti Nirman Limited IPO Message Board (Page 6)

sachchidanand paradkar
10. sachchidanand paradkar |   Link | Jan 19, 2007 1:37:26 AM
Remember ATLANTA ? Those who got firm allotment, have now built there own house. Atlanta rose from Rs. 140 to 1400 in short span. I believe this issue could be subscibed for firm allotment & sale after six months.
9. shahil |   Link | Jan 17, 2007 10:32:52 AM
akruti nirman gives return like parsvanath,it is also long term investment company.
8. rishi |   Link | Jan 17, 2007 8:14:06 AM
Good Issue for Long term investors. Akruti's have land and property rights in Mumbai where there is scarcity of land. Hence long term investors should apply for shares.
7. Subhan |   Link | Jan 17, 2007 2:14:17 AM
I dont think this can be compared with Sobha.
Certainly not .. since Akruti has projects slated for the future that are related to Slum rehabilitation and development. So there are chances of more ups and downs.
Not a guaranteed listing gain like sobha
ram motwani
6. ram motwani |   Link | Jan 16, 2007 8:01:19 AM
I also think this IPO not give good listing gain’s my advice avoid this issue. Big issue coming next month sitting on cash and invest in DLF issue this issue give good return.
5. Sundeed |   Link | Jan 15, 2007 10:18:39 AM
better to avoid this ipo, heavily priced. business line has given "avoid" recommendation
Vikram R
4. Vikram R |   Link | Jan 14, 2007 8:35:45 PM
Company Financial (from Financial Express)
The company on consolidated basis has grown from Rs 40.86 crore revenue in FY2002 to Rs 205.28 crore in FY2006 with a CAGR of 49.71%. Over the same time period profit after tax grew from Rs 14.28 crore to Rs 63.31 crore with a CAGR of 45.10%.

Six months performance in FY2007 stands at Rs 740.84 crore of revenue and Rs 145.57 crore in profits. The management attributes the sluggish numbers to the change in accounting policy and delay caused in project execution on account of some government measures on the environmental policy fronts.

For FY2006, ANL enjoyed operating margins of 40% and net profit margins of 7%, which talks about operating efficiencies of the company. Since January 2006, the company has seen equity dilution.

Promoters have opted for rights in the ratio of 1 equity share for 2 equity shares at Rs 10 each. Subsequently, a liberal bonus of 15 equity shares for 1 equity share increased the equity capital. In May 2006, a bonus issue in the ratio of 1 share for every 4 shares took place. In this IPO, company is offering 10.04% of the total post issue capital. On the fully diluted equity the P/E of the company stands at 57 at the higher band of the issue price on the profit after tax for the FY2006.
3. JP |   Link | Jan 14, 2007 4:04:08 AM
Recently None of the real estate development IPOs went i Loss. This shpould give good yields like parsavanth and shobha developpers. Seems to be little over priced but still should yield good returns
2. jeet |   Link | Jan 13, 2007 8:37:28 AM
i think this ipo open in surely discount
some thing like cairn india limited
1. krish |   Link | Jan 12, 2007 8:18:24 AM
is this a good company. Can it be compared to Sobha