Brigade Enterprises Limited IPO Message Board (Page 22)

dear borders.this is a very good ipo apply for it. it is better than sobha devloppers.as far as tulsian is concerned he is a operator he gives bised advises his sight is free sight he doesnot have investment or brokerage house then what for he is doing so called research work.i know him he is from rajasthan he simply states the datas from the companys balance sheets.he advised riil at 2900 level.investor got stuck now he doesnot talk about.discount him.

S.P.TULSIAN IS OF THE VIEW THAT IT IS 'EXPENSIVE'. LOOKING AT PAST ISSUES GUIDANCE OF S.P.TULSIAN ARE COMPLETELY WRONG. SO WE MUST APPLY... ANY REMARKS FROM FELLOW MEMBERS ARE WELCOMED

Strengths

An established player in the Bangalore realty market. Has successfully executed and delivered around 67 projects aggregating around 6.7 million sq ft of space comprising residential, commercial and hospitality properties.

Though revenue from management of serviced apartments is minimal currently, the development of five hospitality properties will significantly diversify the revenue base in the medium term.

The integrated lifestyle projects will fetch the company a 5%-10% premium over normal residential properties.

Weakness

The two integrated lifestyle projects, Brigade Gateway at Malleshwaram and Brigade Millennium at Whitefield in Bangalore, account for about 10.84 million sq ft of saleable area of the 12.53 million sq ft under construction and spread over 6 projects. Of late prices at Whitefield are stagnating due to glut in available properties. Also, just about 67% of the total space at the Whitefield property has been sold and hence vulnerable to fall in realty prices in these micro markets.

Interest cost has spiked from 6.9% in FY 2007 (on loans end March 2007) to 11.2% (annualised on loans end September 2007) in the six months ended September 2007. In the process, the interest cost has zoomed to Rs 17.25 crore in the six months ended September 2007. This is even higher than Rs 16.56 crore incurred in the entire FY 2007. The spike in interest cost can hurt, specially during a downtrend.

Current land reserves of 403 acres comprise acquisitions in the last one or two years, which was a period of hot realty prices. Thus, profitability is at risk if property prices cool down.

About 100.69 acres amounting to 24.96% of the total reserves is agriculture land. Realty development here is subject to conversion of that land.

Valuation

Consolidated revenue excluding other income recorded a growth of 103% to Rs 409.99 crore and net profit after accounting for share of profit from associates 70% to Rs 71.50 crore in FY 2007. EPS after adjusting for EO works out to Rs 6.3 on post-IPO equity. On the offer price band of Rs 351-Rs 390, the P/E is 56.7-61.9 times. Comparatively, Sobha Developers quotes at a P/E of 40.5 times and Puravankara Projects at 83.4 times.

Spike in interest cost, relatively low land bank compared with peers, relatively high cost of existing land bank, high concentration on a couple of projects, more of a regional play with focus on Bangalore seeing a glut of late are key concerns.

how is brigade ipo??

Suno sabki Karo Man Ki. Read everything that comes in paper or portal but decide and go by your Sixth Sense. That way I have been successful 9 out of 10 times.

dear friends

i have not got refund of mundra.
my address in demat account is wrong what to do ?

DEAR 43, 44 , 45

Thanx that u all agree with me, i did this exercise just to give knowlegde to new comers, who just invest on basis of so called analyst.....they dont have knowledge of our lever, THEY ARE PAID FOR THEIR COMMENTS........IF NOT PAID WILL WRITE AVOID

THIS IS MORE OF LUCK THAN KNOWLEDGE AS IPO IS CONCERN

should i apply for brigade IPO or not.

Dear Amar

I fully agree with you. I had also written about sp tulsian at the tine consolidated consortium IPO, if we go by tulsian view then we will not be able to aplly in any single ipo.about take solutions he had written it will take away your money and about allied issue he had siad shameful for the market. either his views are baised or he is very pessimistic person.

regards

Amar,

You have given a clear picture and exposed the likes of SP Tulsian.

It is better that we apply some of our views also before going for any IPO's.

Happy week end.
Kannan

I TOTALLY AGREE WITH U AMAR.

Hi Guyzzz,
i think BRIGADE has a GREEN SHOW option..

wat does that mean ? and why dont other IPO's have this option...

ALL NEW INVESTOR SHOULD READ THIS
Dear Pradip (179)
NEver go as per S.P. Tulsian - he is 60% wrong in prediction

IPO NAME----Tulsian-ofer Price-CMP- Result
Kaveri seeds -Avoid ---170----361- Profit 113%
Take Solution-Avoid ---730---1155--profit 58%
HDIL ----------lower band-500-826- profit 65%
Maytas Infra---Avoid----370--905---profit 145%
Empee Dist - --Apply----400--306--loss 24%
Cons Cons------Avoid ---510--892---Profit 75%
Refex Refri ---Avoid --65----172--profit 165%
Surychakra----Avoid ---20----45 - profit 122%
Meghmani -----Avoid ----19---29---profit 52%
Indowind -----Avoid----65----144--profit 122%
Simplex proj -Avoid ---185---381--Profit 106%
Dhanus Techno - Apply - 295 - 265 - loss 10%-was more loss

We dont need view for Power grid, Mundra, motilal,Edelweiss - even kids know they are good
Dear Chittorgarh team pl pass this msg to S.p. Tulsian so he knows how is his predictions
ABOVE DATA TOOK FROM YOUR IPO PERFORMANCE ONLY - sO NO DOUBT

No, It all depends on your luck.. I applied for max quantity of Edelweiss and didn't get a single share.. Some people applied just for 8 shares and they got it..

Hope this helps

Is it true tat if u apply for more no. Of IPOs chances of getting reaches high¿
Is there brokerage on IPO?

Will someone tell me normally how long does it take to get an IPO listed please?
Since there r no of IPOs entered up to 12 dec.
Does it increase d chance of getting subscribed?

As per S P Tulsian it is to be applied at lower level-351

Dear Friends,
this is for your information

Refund are effected in the following ways:

a)Physical refund orders are despatched by Speed Post or Registered Post.
b)Electronic files are uploaded by the refund banker for RTGS (RealTime Gross Settlements) in acse of very high value instruments,
c)Through direct credit to account in case the refund banker and your bank are the same.
d)Through ECS in case you have opted for the same by registering details with your DP.

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For receiving refund through ECS(Electronic Credit System)
You can enable this facility by simple instruction to your DP ( as per their format) with the detail of MICR code etc.Your DP would be able to guide in this matter.Once you submit this instruction in the proper manner,the DP would effect this on the system,and thereafter you can expect refund thru ECS provided that you are living in one of the eligible cities where ECS refund facility has been introduced.

Dear Sir(Power fans)

The number of registrars handling ipos are very few . Prominent among them are Karvy,Intime. Bigshare and Cameo are the others. We have already seen how cameo has handled cerain issues. Bigshare apart from kolte had also disappointed.Moreover even companies also appoint either karvy or intime since they have handled many ipo's.

Intime, they have to attend to thousand of investors like you.Hence there telephone line are very very busy. I have myself contacted n number of times and did succeed in getting thru.Ofcourse they have to improve on this front, since they have only one line.

For your info i have been receiving all my refunds whether it is intime,karvy,bigshare,cameo thru ecs. The only reason for not sending it thru ecs could be wrong dp-id or client-id in the application form. I cannot think of any other reason .


I am also an investor like you . I am not favouring any particular registrar. I am just giving my views about my experience with these registrar. Hope your query is solved.

REgards

Viswanathan R

Dear vishwanathan,

1) Who cares how many IPO's INTIME registrar is handling. all we want is a good service. if they find it hard to manage so many ipo's, then they shouldn't take so many in such short period. At the end it is we investors who are losing because of such registrars.

2) Firstly they wont refund our money, secondly they don't even care to have enough phone lines to receive our complaints. They never care to reply to the emails we have written. I might have called their office atleast 100 times a day and found the same response "Lines are Busy". Now tell whom should i go to?

3) Thirdly when i have been receiving ECS refunds from all other Registrars, then what is the problem with INTIME Registrar in refunding me my money through ECS?

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Friends both, BGR and Transformers IPO's are being handled by INTIME SPECTRUM,, so investors beware of it... who knows your money might get struck with them for the next 2 months or so...