Birla Cotsyn (India) Limited IPO Message Board (Page 5)

at 5 PM 51% Ovarall and in retail at cut-off 88%
so they have extend the time and reduce the Price.
Mujha lagta hai ki iski halat emmer mgf ki taraha hogi

46% Ovarall and at cut-off and 81% at Cut-off.
Yea retailer ka to jaisai ek aadat ho gayi hai. koi bhi IPO aaya inverst karna hai

41% ovarall and 67% at cut-off till 3PM.

39% ovarll Subscription till 2PM, at cut-off it is 62%.

yash birla ki company hai smabhal kal rehna logon
people who will apply get ready to get your money 1/4th on listing day .
u will find your 1 lak invested reaching 25000 rs on listing day with loss of 75000 .
do you still want to apply.
pity for people who applied still seeing.50 in reatil that quite surprising huh.it does not desrevr subsciption of more than
.20

Is IPO mai bhi QIB Ka koi Interest Nahi dikh raha hai, already 4 Days gone. QIB Subscription is only 1.6%.
Only 35% Ovarall Subscription on 4 days.
at Cut-off it is only 55%

It's not abt ignoring or admiring any ipo look the condition of market there are many good companies available for dam cheap rates best bargains are available so why 2 go 4 ipo's
if u have guts buy rel,rpl,infy,satyam,ongc,tatasteel,tatamotors,tcs and sleep 4 2-3 years till ur neighbour comes to u shouting abt new boom in the market
i think u will be biggest profitable at that tim....


JAI JINENDRA JAI MAHAVEER
ANKIT JAIN

look everybuddy
we all invest to earn not 2 loose our money
so why take so much risk look into ipo performance link on the top and go thru all recently listed ipo's and judge your self i think we are quite mature enough to take judgement in this market nobody is god so that he can suggest u
it's all abt destiny

have a good luck

jai jinendra jai mahaveer

good ipo to apply

Look at the condition of Sejal now... do not apply

Hello,
Please do not apply this ipo or else you will cry as you did in bafna according to history birla has never given people to take profit as well as market will be touching that time new lows just avoid else cryyyyyy
take care

all these ipo are bakwas. don/t purchase any ipo.

There were days when IPO oversubscription was upto its height. See this share market. kisi ne sahi kaha hai.

Share market kisi ka nahin hai.

BSE will touch the low levels of 11400 with by july 2008.

avoid all this ipo's, See today on sejal archi glass. IPO price 115 first day closing price 81. Retail portion subscribe nearly 9 time.

Keynote Capitals has come out with a report Birla Cotsyn's IPO. It has recommended investors to subscribe the issue with a long term view.

Birla Cotsyn is entering the capital market on 30th June 08 with a public issue of Rs.144.18 crores and after making reservation for promoters (Rs.36.65 crores) and employees (Rs.7.25 crores) the size of net public issue is Rs.100.28 crores. It looks doubtful that employees would be subscribing to the issue and hence public issue size could be Rs.108 crores.



While analyzing a company like this, you fail to understand whether you should praise the courage of the BRLM or the promoters to come out with such a poor issue. It does not deserve a par tag, forget a band of Rs.15 to Rs.18 per share!



The company belongs to Yash Birla and P. B. Bhardwaj Group (PBG). Though investors are familiar and have burnt their fingers with Yash Birla Group, track record of PBG is not known. The promoters of the company have been litigating with 420 cases, either having filed by them or against them.



Though the company has been in existence for the last over 65 years, the textile business commenced only in August 2006, when it acquired 18,304 spindles of Khamgaon Syntex (I) Ltd and started manufacturing synthetic yarn. Financial performance of the company was pathetic to talk of least. Till FY 06, topline never crossed Rs.4 crores while bottomline never crossed Rs.30 lakhs. During FY 07, topline was Rs.55 crores, while bottomline was Rs.2.57 crores. First 9 months of FY 08 had topline of Rs.63 crores, while PAT was Rs.2.52 crores. This results in an EPS of less than Rs.2 on equity of Rs.13.62 crores.



The company has now taken up capex of Rs.320 crores, for setting up 36,000 cotton spindles, 1,728 Rotors, 114 Looms as also Dyeing and Processing unit in three phases. It seems as if the whole capex has been chalked out and structured on a very low scale, having high debt component with long gestation.



Presently, all the textile stock having capacity of almost over 5 times and very good profitability are ruling at a PE of 4 – 5 times. This is despite the fact that these companies are having integrated and well balanced model The present equity of the company of Rs.13.61 crores would rise to Rs.94 crores even if price band gets discovered at the upper band or to Rs.110 crores at the lower band. How will a company be able to post even a moderate level of operation?



Also, PBG has its company Polytex Ltd. and financial performance of this company is not furnished in the performance of Group Companies.



The company has all the concerns about project viability, promoter’s track record, industry prospects, size of the project and market perceptions. Even par tag could be termed as expensive. So, where is the question of contemplating investment even at the lower band of Rs.15 per share?

Angel Broking has come out with a report on Birla Cotsyn's IPO. It has recommended investors to ignore the issue.

apply in birla cotsyn . It will give fantastic return

All textile stocks on downtrend and Main producers with Dividend records are quoting below Face Value.

Many textile units will report loss the coming quarter

Hem Securities has come out with a report on Birla Cotsyn (India)'s IPO. It has recommended investors to ignore the issue.