Archidply Industries Ltd IPO Message Board (Page 7)

Archidply review:
busineesline : subscribe at cut off
Hem sec : subscribe
SRC sec : subscribe
ET : good for investment
Tulsian : subscribe
Smart investment : good for long term
arihant capital : neutral
Recommended by all broking houses in recent times. Invest now before it closes

good ipo must apply this ipo. it will oversubscribe 5 to 6 time.so must apply and prieum also 20-30 rupees.

Why very poor reponse? shall i subscribe or not? suggest me.

Do not depend on SP Tulsian Sir:

Some times he will go wrong (after all, he is human being, right!)

Example: Manjushree IPO (Strongly recommended by Tulsian Sir)

http://www.premiuminvestments.in/new-issues-analysis-ipo--8449/102/N/Good-issue-%E2%80%93-for-a-change.html

Issue Price: 45
Current Price: 25

Try to get other's recommendations also before applying to any IPO.

Happy Investing.......

dont apply pura nahi hoga paisa fas jayega

Bidding Status (IPO Subscription day by day)
No. of times issue is subscribed (BSE + NSE)
As on Date QIBs Non Institutional Retail (RIIs) Total
Day 1 - 11-Jun-2008 17:00:00 IST 0.0000 0.2869 0.0097 0.05
Day 2 - 12-Jun-2008 18:00:00 IST 0.0000 0.1632 0.1771 0.09
Day 3 - 13-Jun-2008 17:00:00 IST 0.0000 0.1822 0.1884 0.09
Day 4 - 16-Jun-2008 17:00:00 IST 0.0000 0.8976 0.3774 0.27

AVON aur BAFNA ka retail subscription kya he,,,,,,,?
aur kitna premium milega ,,,,,,?
sell kare ke nahi,,,,?
koi achha aur sachha janta ho wo hi ,,,bataye,,,,,plz

Analysis

Company Background:
Archidply Industries Ltd. (AIL) was incorporated in September 1995 under the name of ATP Silvi Products Ltd. and the name changed to present in March 2007.
AIL is engaged in manufacturing of comprehensive engineered wood panel products and decorative surfacing products.
AIL has manufacturing plants in Rudrapur and Mysore producing items including:
Plywood and block board with installed capacity of 1,28,00,000 sq. mtr
Plain and pre laminated particle board with installed capacity of 2,11,50,000 sq. mtr
Decorative veneers with installed capacity of 37,50,000 sq. mtr
Decorative laminates with installed capacity of 12, 00,000 sheets.
The company’s patrons includes both:
Government sector viz. BSNL, LIC, IDCO and Power Grid Corporation.
Private sector viz. ABN AMRO Bank, Citi Bank, Hotel Sheraton, Cisco Systems, Apollo Hospital Enterprises Ltd, SAIL, Airtel, ITC and Reliance Petroleum Ltd etc.
The company has a large distribution network and operates through 16 marketing offices and 61 distributors and stockists. As on March 31, 2008, they have a network of 586 authorized dealers who in turn supply to more than 2,000 sub dealers / retailers, giving a pan India presence for marketing of their products.
AIL products comply with quality standards of BIS and International standards of BS of UK, NEMA of USA and DIN of Germany. It has been awarded ISO 9001: 2000 for quality management systems in manufacturing and marketing of wood and agro based panel products.
Post issue shareholding of promoter and promoter group will reduce to 68.31% from existing 97.68%.
Objects of the issue:
Setting up a new manufacturing facility for Plain Particle Board (PPB), Pre Laminated Board (PLB) and decorative plywood at Chintamani in Karnataka
Setting up a new manufacturing capacity for Medium Density Fibreboard (MDF) at Rudrapur in Uttarakhand
Strengths:
The company’s Rudrapur manufacturing plant enjoys various tax benefits such as exemption from entry tax, lower rate of 1 % central sales tax, exemption from central excise duty for ten years from the financial year 06-07, exemption of 100% from income tax for first 5 years with effect from FY 06-07 and 30% for next 5 years helping AIL to provide goods at competitive rates.
The RONW has increased from 6.1% in FY 06 to 34.9% in FY 08 because of increase in PAT.
OPM has increased from 11.1% in FY 06 to 18.5% in FY 08 and NPM has also increased from 1.9% to 10.4% for the same period.
Debt-equity ratio has decreased from 1.83 in FY 06 to 1.26 in FY 08 due to increase net worth.
Weakness:
The BV per share has decreased from Rs. 45.10 in FY 06 to Rs. 27.9 in FY 08 owing to issuance of share capital by almost 5 times over a period of two years.
Financials:
Net sales increased from Rs. 48.23 crore in FY 06 to Rs. 147.21 crore in FY 08 on account of increase in the distributor and dealers network across India.
PAT of the company improved from Rs. 0.85 crore in FY 06 to Rs. 15.00 crore in FY 08 due to augmentation of capacity utilization at Rudrapur plant, Uttaranchal.
Interest coverage ratio has increased from 1.4 times in FY 06 to 3.2 times in FY 08 due to substantial increase in EBIT.
ROCE of the company has increased to 23.5% in FY 08 from 9.7% in FY 06.
EPS of the company as on March 08 is Rs. 9.7, whereas post issue EPS (based on PAT for March 2008) stands at Rs. 6.81.
Valuation:
The shares are being offered in the price band of Rs. 70/- to Rs. 80/. Post issue the P/E of the company comes out to 10.27 at the lower price band and 11.74 at the upper price band.
Peer Analysis: (For FY 2008)

COMPANY Net Sales
(Rs. Crore) NPM (%) P/E
(Times) EPS
(Rs.) BV per share (Rs.)
Archidply Industries Ltd. 143.54 10.40 10.27-11.74 9.70 27.90
Mangalam Timber Products Ltd. 60.09 7.19 7.81 2.44 12.58
Novopan Industries Ltd. 84.08 7.12 7.67 5.09 27.85

Sejal Architectural Glass Limited IPO finally oversubscribed 9.90 times (7.9791 times in retail).

any one tell me subscription of sejal ipo

Hath to nahi jalege

mr.prakashipo, from where you get these informations like operators interest in ipo

mr prakashipo, tum hamesha ulta hi sochte raho?

i thik its best ipo

better to skip the issue apply first winner and sejal glass

CM RATING 35 ONLY.NOT WORTHY TO APPLY

Hi, Amit, if you look at the industry Archidply would be better. Health care is not doing that much well. I cannot comment on the listing gain. For an investor who wants to hold and book profits later, i would suggest Archid anytime. I would be investing in Archid.

no need to invest in avon because there is no allotment chance

only 9.5 cr ipo


so kkeep cash in hand




buy kotle patil from market having p.e of 3-4

ya these 2 got nice reviews
orchidply and avon, i did'nt see any reviews for avon in newspaper thou.
if i want want 4 lots of avon how many lots should i apply for

Avon weighing and Orchidply look better than the remaing issues.
what do u ppl say?