Bajaj Corp Limited IPO Message Board (Page 28)

gem,
Nowadays most people are going for hair transplants.So there is no dearth of people using hair oils(Just kidding)

Dear Natarajan,
Do you still hold EIL.If so then be prepared to sell on 30th July at or above 330-340.On 30th it will ride on excellent oversubscription to reach the target

gem,
Red herring prospectus is out on KMCC.

i need IPO , how to buy/sell, then how to resale procedures, Via pl details

SREEDHAR,

I THINK FOR ME UR BEST LINE IS :-

EVEN "Marico is also mostly dependent on Parachute".

THNKS FOR REMINDING,I KNOW MARICO IS A BIT BIT MORE DIVERSIFIED THAN BCORP. I WAS WORRIED ABOUT ONE PRODUCT PORTFOLIO OF BCORP, THERE R VERY LESS CO WHO HAVE ONE OR TWO PRODUCT PORTFOLIO.

i applied full in EIL. I am waiting for businessline, Capital market review and my salary. If all is favourable i will apply in Bajaj. I am avoiding SKS which has become gambler's scirp. Thanks all for your valuable input.

BAJAJ CORP FACE VALUE 5/= AT PRICE BAND OF 630=660..

Don't forget to see that it's face value is 5/- instead of 10/-

SREEDHAR

EIL = 35%
BCP = 35%
SKS = 30%

IN EACH IPO I WILL PUT 10 APPLCN OF 50K.

sreedhar

where did u get fy '10 whole yr no , prospectus shows only 9 months, if the fy'10 pat is 83 crores then this issue is attractively priced.

it can also be considered in place of DRAKULA'S IPO

GEM,
I have just checked your post.You were estimating 85 Cr profit for FY11.Already for FY10 its profit is 84 Cr.Already EPS is 28.44 for FY10.It has just doubled its capacity so consider next year sales.
Marico is also mostly dependent on Parachute.
Now as I have given FY 10 financial figures,Kindly post your revised opinion about Bajaj corp.

As always friends first & original look at Bajaj corp.

1)Bajaj brand lends its products an image of trust & quality & is extremely popular with rural populace.
2)its major brands like Almond drops command a pricing premium in their respective market segments.
3)Manufacturing facilities located in Tax free zones & it enjoys exemptions from excise duty for 10 years & Income tax for 5 years from March 2009.
4)The growth rate in hair oil segment is greater than FMCG industry average growth rate & there are only 2 other key players in this segment,hence no pricing wars as in other FMCG products.
5)Production capacity in light hair oil was recently ramped up from 39 million litres to 74 million litres.
6)Debt free company
7)Good monsoon increase the spending power of rural investors & with Mr Akula contributing his mite towards the welfare of rural people expect the rural consumer to gravitate towards premium Almond drops from plain Jane Parachute.
7)Most attractively priced.For Period ending March 31 2010,Net revenue was 334.9 Cr vs 252 Cr in fy08-09.Net profit was 83.9 vs 47.On a post equity of 2.95 Cr,EPS is 28.44 & at higher price 660 P/E is 23.2 .
Lets see how it compares to its peers who have grown at a lesser pace than Bajaj corp
Marico(Manufacturer of Parachute) is at 127 with FY09 -10 EPS of 3.84(P/E=33).Marico revenues & Net profit for FY09-10 & FY08-09 were respectively 2660,231 Cr & 2388,189 Cr.
Dabur price 200,EPS 5(NC),5.8(Cons),P/E=40(Non-cons)
Emami price 860,EPS 23.2,P/E=37
GodrejCP price 370,EPS 8(NC),11.2(Con),P/E=46.

So all in all,price is extremely attractive & leaves a lot of scope for appreciation.There is a plenty of potential for Bajaj corp to grow both in revenues,market share & profits.Hence its a great Issue to subscribe to.Unlike mr Akula Bajaj Corp is giving the investors to grow with it from the begining.

Concerns,
1)Almond drops constitute over 90 percent of its sales

Apply this IPO...Very Good Long Term Story.

GOOOOOOOOOOOOOOOOOD IPOOOOOOOOOOOOOOOO