Allied Digital Services Limited IPO Message Board (Page 28)

Dear Mr. Raghu

If you compare January to July the price movements of good stocks, they are all above 40% of its Jan price. Whats wrong had Everron issued shares in January 30 to 40% less of today's value?

The company has also placed shares to Benett Coleman @ Rs.101 per share (post-bonus) while to others at Rs.120 and Rs.130 in January 07.

Since they have done pre-ipo placement below issue price almost 60Rs. It is negative. Listing gains will surely be there as issue size is small, But not much. Everonn will give you returns of Rs300*50 shares = 15k provided u get allotment.

Good Luck

Guys, this is going to be really good IPO. As the CARG is good and the very good number of clients. And all experts suggesting for Apply.

Happy application.

bhaion kitne lot apply karne per allotment ke chances hain.. plz suggest asap...

ye kya sterling ka advertisement board hai kya? relevant info ho to dalo nahi to muh per ungli rakh ker baitho chuchap aur dusron ke views pado..

very good issue... apply ang grab a big fortune on the listing date... premium will be more than 100...

gray marker premium down 60 rupees per share for allied
digital ipo.

Allied Digital is an IT infrastructure management and technical support services outsourcing company. Their all-round portfolio of products and services can be broadly classified into two areas: IT solutions which provide information technology services and networking & communication integrated solutions which provide remote management services.

The services vertical has seen a growth of 70% CAGR from FY05 to FY07. With the set up of niche operations through its two new SBUs- SOC (security operations center) and NOC (network operations center) and also a technical BPO (majority of the fund raised is for the BPO), analysts expect close to 100% growth in this sector in the next year. The services vertical is a high margin business (55% EBITDA margins). With an increasing proportion of services revenue in the total income, the collective margin of the company is set to improve.

The company`s presence is very domestic-centric. The company is planning to foray into global markets that will be an unchartered territory for them. Any strategic tie-up or acquisition may be a matter of concern given the company`s history in any form of tie-up has not been exceptional. For setting up of a global service delivery centre Rs 329.70 million is required, and for upgradation and expansion of existing infrastructure Rs 10.22 million is required. Howeverm the company already has loan sanctioned of Rs 150 million.

The issue price is to be decided by a book building process on a day before the date of listing. The price band is adjudged between Rs 170-190. At the cap price of Rs 190, the stock is priced at 14.33x its FY07 EPS of Rs 13.26 and 8.49x its FY08E EPS of Rs 22.39. At the higher PE of 13x, analysts estimate the fair value of stock to be 50% above the current cap price of Rs.190. Owing to the low issue size, over subscription of the issue may be observed on the back of competitive valuation.

close

QIB- 5.6 TIMES
RETAIL- .92 TIMES
INS INV- .90 TIMES
EMPLOYEES- .02

Dollar won't affect its performance as the company has all most all its centers in INDIA.

Allied Digital IPO, a good valuation story: Experts
2007-07-04 09:56:26 Source : Moneycontrol.com
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Allied Digital Services, an IT Infrastructure Management Services provider in India, is open for subscription with an initial public offer (IPO) of 45,22,435 equity shares of Rs 10 each for cash at a price to be decided through the 100% book-building process for listing on both Bombay Stock Exchange and National Stock Exchange.

Moneycontrol conducted a poll on market experts to check whether to apply for the public issue or not. Experts said apply.

Experts/Company
Poll Result Experts view

R S Iyer

(KR Choksey)
Apply
Allied Digital is a good issue. Valuations are also good. Counter demand is very good. They have broadbased clients from various segments, not dependent on one industry. Clients include Gujarat Ambuja, M&M etc. So no need to worry. Investors can apply for the issue.

Manish Bhatt

(Prabhudas Lilladher)
Apply
Allied Digital looks to be good issue. The company has left something on the table for investors. Investors can apply for the issue.

SP Tulsian

(Investment Advisor)
Apply
Allied Digital Services is into providing I.T. Solutions and IT services with six strategic business units of I.T. Solutions, Networking/Communication Solutions, Integrated Solutions, Software Solutions, I.T. Services and Remote Management Services. Considering the business models and financial performance of the company for FY06 and FY07, the future of the company looks promising and infusion of about Rs 85 crore from the issue would further ramp up the company’s performance. Even at the upper band of Rs 190, investment in the issue is recommended.


































The issue has a reservation of 2,00,000 equity shares available to the employees of the company. The price band for the offer has been fixed at Rs 170 and Rs 190 per equity share and the issue will close on July 05, 2007.

The objects of the issue includes setting up a Global Service Delivery Centre in Mumbai, strategic acquisitions, upgradation and expansion of existing infrastructure, setting up new Strategic Business Units and financing working capital requirements.

Allied Digital operates in diversified segments both in Solutions viz. IT solutions, Networking and Communication solutions, Integrated solutions and Software solutions and in Services viz. IT Infrastructure Management Services, T-BPO and Remote Management Services to its customers pan India. Recently, the company had a strategic tie-up with Echelon Corporation to foray into Intelligent Building Management and Energy Management Solutions.

It has its unique direct presence at 92 locations in 25 states catering to more than 450 cities countrywide through its human resource of more than 1050 personnel. Its offerings address various business verticals – BFSI, Telecom, Retail, Aviation, Manufacturing, Energy, e-Governance and Hospitality to name a few.

The company has grown at a CAGR of 58% over the last three years. The operating income of the company for the year ended March 31, 2007, was Rs 156.03 crore and the net profit after tax was Rs 22.93 crore. The order book stands at Rs 107.81 crore as on June 12, 2007 of which Rs 54.70 crore belongs to services segment and Rs 53.11 crore to solutions segment.

The sole book running lead manager to the issue is Anand Rathi Securities, Advisors to the issue is Religare Securities and Syndicate Members to the issue is ENAM Securities Pvt. Ltd. and Anand Rathi Securities and Intime Spectrum Registry is the registrar to the issue.

Can any one post the subscription details as of now?

Jag is right.few of some brokers are telling that not to go for this.It will be an blue bird story.Please don't block your money.Infact you can buy dlf during listing date if the price is discounted

all most all the info resources i know; are suggesting this IPO... must be goooood one....i have applied. dont miss this opportunity to bag

Hello Jak, With a CAGR of 58% and ICICI Direct recommendation, how can u say its a bogus company. The dollar impact is low as most of business is in India. What's say ? Let all people know why its a bogus company. I feel it's a good issue. People please speak.

bogas cmpany
i.t. service provide
no listing gain
bcoz dollar is-->40.53

Valuations as per ICICIdirect.com

The issue has been priced at a price band of Rs 170-190. At the upper end of the price band, the stock will discount its diluted FY07 earnings 13.48x. We believe the valuations are attractive considering the company’s expansion plans across geographies and increased investment in the high-margin services business. We expect the company to post decent growth in FY08 and FY09 based on its expansion plans. We advise subscription to the issue.

The total subscription of Allied Digital as on 4.00 PM on the 2nd day is 0.09% of the total offered shares. Is this company really good to apply ?

Please tell me from where I can get the IPO forms for this in Faridabad ? Thanks in advance !

hi ritu,
if i have no problem with money so is it safe to invest in both allied and evrron if i m looking for listing gains ??