Asian Granito India Ltd IPO Message Board (Page 5)

Not a good issue. tried to exploit market thinking will allways have good time.

thanks ccccc

hi
can any body help in which ipo i shoul apply?

dear jak

i would like you to study the market careful but in terms of stocks at this level i would recommend you to buy
1. madrascement
2. mysorecement
3. wipro
4. infosys technologies
5. mercartor lines
6. kalindi railways

FOCUS more on mysorecement and wipro

guys
market correct 600 points
at this level which stoke will buy
please regard me

Dear Investor
apply for maximum - sure to get allotment 240 shs and stock list for Rs.116-124 around.

Regards
ccccc

EXPER OPINION FROM MONEY CONTROL;CNBC INDIA

Asian Granito is a good company, promoters' background also good. Compare with other tiles manufacturers like Kajaria (OPM - 13.62%, NPM - 1.85%), Nitco Tiles (OPM - 14.46%, NPM - 8.59%), Euro Ceramics (OPM - 35.8%, NPM - 16.1%) and Decolight (OPM - 23.3%, NPM - 10.88%), Asian Granito looks cheap at higher price band of Rs 102 as OPM at 23% and NPM 13.66%. The stock is expected to list at around Rs 150-160 as Euro Ceramics is trading at Rs 180.

Its R&D facility is very strong and it is leading player in vitrified tiles. Clients are Kalpataru, HPCL, Omaxe, HCC etc, so investors can subscribe with long term view.
The company commenced manufacturing of vitrified tiles with production of 4,000 sq. meters per day in October 03 and kept on increasing it over years, by three expansions, by 2006. These expansions resulted in a debt of Rs 63 crore in the books of the company resulting in a debt equity mix of almost 1 : 1. So now, this expansion and diversification is being carried out with public money.



Not bad, but in the process promoters’ stake would fall to 35% from 52.42%, and increasing equity base of the company to Rs 21.06 crore. The promoters’ stake would have been much lower, if, 40.61 lakh shares on 27-03-06 would not have been issued on merger of Asian Tiles Ltd. in swap ratio of 1 :1.



Euro Ceramics is now ruling at Rs 180 levels at a PER of about 11. Comparing the valuation of this company with Euro, it looks reasonable.



On expanded equity of Rs 21.06 crore, EPS based on FY 07 earning results in an EPS of Rs 10.92, giving a PER of less than 10, at the upper band. Expansion and new plant would improve performance from FY 09. Considering this, investment even at the upper band is recommended

I am going to invest in IPOs first time. Would this be a
good one to start? And i am agree with Rajat, we should
give valid reasons for negative or positive. Not we should just write buy or not buy.
Thanks

HI, pls. look at OTL. Now it is morethan 50% discount.

its good company rather than other ceramic industries.
its leading company who give new era of vitrified tiles. best for long term....

Watch Cement sector, construction sector. so, definitely this one is a good offer. Buy Maximum

Strengths

2,000 sq mt per day of vitrified-tile capacity is likely to come on stream from October 2007.This will increase the vitrified-tile capacity to 16,000 sq mt per day. Production of vitrified tiles will be 4.51 million sq mt in the year ending March 2007 (FY 2007) and projected to be 5.2 million sq mt in FY 2008.
The wall-tile unit is likely to come on stream in January 2008. Production is projected to be 0.68 million sq mt in FY 2008, 2.89 million sq mt in FY 2009 and 3.06 million sq mt in FY 2010. Realisation of wall tiles is currently about Rs 183 per sq mt.
From 1 July 2007, China has reduced the export subsidy for producer of vitrified tiles to 3%, from 8% earlier. This is likely to improve competitiveness of domestic vitrified manufacturers compared with importers of vitrified tiles who have received antidumping exemption: Nitco and Kajaria. Imports of vitrified tiles have increased from Rs 11.66 crore in FY 2004 to Rs 66.95 crore in FY 2006.
Weaknesses

Entering into the less attractive wall-tile segment. The realisation in wall tile is less than vitrified tiles on account of presence of many large unorganised players. Also the market size of wall tiles is much smaller than vitrified tiles.
Over the past few years, realisation in tiles has not shown any significant improvement.
About 50% of the revenue is from institutional clients compared with 70% earlier. Increase in proportion of retail sale is likely to increase marketing cost and reduce average realisation as institutional clients generally buy high-end products.

Not Reliable. Remember Decolite Ceramics.

Definately apply this IPO.It is growth oriented Company.It will give return near 20-25%

capital market ranking for asian granito 43, for ivr prime 44 and for central bank 47//////// happy invesing

Money Control Review:

Asian Granito India Ltd., manufacturer of a wide range of vitrified tiles including glazed, unglazed, rustic, matte, homogenous and non-homogenous body, water jet cutting, tailor made designs plans to set up a wall tile unit and modernize and expand its existing vitrified plant at a total investment of Rs.61.36 cr. Its subsidiary, Asian Tiles Ltd. manufactures ceramic floor tiles.

To fund this plan, the company will enter the capital market with a public issue of 70,00,000 equity shares of Rs.10 each through 100% book building process in the price band of Rs.85 to Rs.102. The issue opens on Thursday, 26th July and closes on Tuesday, 31st July 2007 and will be listed on the BSE and NSE.

For FY07, it reported an income of Rs.145.6 cr. as against Rs.109.5 cr. in FY06 with corresponding PAT of Rs.25.85 cr. and Rs.17.52 cr. respectively.

i would like to invest because the busi. line (vi. tiles) has a great growth potential.

can anyone tell abt these issue. whether to go for maximum amt application or in small applications?

Dont Apply if you love your money See what happened to Decolite ceramics it is now trading at half its ipo price.there are other better ipo's Like Take Solutions comming in first week of August so keep your money for them

Lot Size : 60