Chemcel Bio-tech Limited IPO Message Board (Page 4)

knyuki abhi market stabal hai, aur aane wale samay me market
me ek correction bhi hai, jise dikhte huye nivesh apni rishk pe kare.

ABHI SABHI IPO KA GMP KYA HAI?

this is very good ipo i want to take four times profit by this ipo thanks

Its not available in ICICI Direct. Can someone please suggest how to apply to this IPO in Bangalore.

Hem Securities has come out with a research report on Chemcel Biotech's IPO. It has recommended investors to ignore the issue.

Chemcel Biotech has opened for subscription with its initial public offering (IPO) of 1,54,00,000 million equity shares of Rs 10 each. The issue will close on September 12, 2008. The issue price is Rs 16.

Hem Securities' report on Chemcel Biotech's IPO:

Company’s distribution network consists of distributors and dealers through out the coastal region of Andhra Pradesh. Company has more than 18 distributors who help it in selling its products to end users through the chain of more than 350 dealers and 550 retailers. Company hold regular farmers meets at different places to educate and disseminate new methods of the plant protection with the help of its techno commercial marketing sales staff, dealers and distributors. With the help company’s distribution network & marketing team, company keep itself updated about the occurrence of a particular pest. Based on this information and experience, company reschedules its production and distribution. Company has established 24 depots wherein it maintain adequate stocks to make its products available at short notices. This strategy helps company in selling its products effectively.

Company has 34 products in its product portfolio which consists of different kind of insecticides and pesticides. Company manufactures various formulations comprising of liquids, granules and powder formulations. Company’s products are available in various sizes of packaging catering to the needs of small, marginal and large farmers. Company’s product range covers most of the crops and majority of plant infections that are grown in this region. Company provides end to end plant protection solutions to farmers through its distributors. Company’s product range helps it in attracting large distributors of agrochemicals to become its distributors.

Company faces substantial competition due to technological advances by competitors, such as other pesticide companies, agro-chemical and biotechnology companies. Also, if a competitor introduces a successful product, it could take years for company to develop a product, which could have a material adverse effect on company’s business, results of operations and financial condition as some of company’s competitors are large Indian companies or subsidiaries of multi-national companies that have, significantly greater resources than those available with company.

Agro chemical industry requires high working capital due to its seasonal nature and long credit period given to dealers and farmers. Thus, high inventories during off-season period and high receivables during poor monsoon put further pressure on working capital requirement.

Valuation:-

The company at a price of Rs 16 per share will have the p/e multiple of 33.85 on post issue eps of 0.47(Basis PAT FY’08). The company being the small player in agrochemical industry is exposed to the risk of heavy competition from other players in the same industry. The company on the one hand, is posting lower profit margins in comparison to its peers while on the other hand the high receivables of the company are detrimental to the financial performance of the company. The company’s higher equity base also lead to lower earning per share post issue and thus makes the issue expensive at present level. Hence, we recommend investor to ignore the issue.

sarang have u any idea why GMDC foling blindly

Dont Apply.
See the PAT its not even near 1 Crore.
If you have cash then invest in fundamentally good companies.
Go for 10 shares of GMDC instead getting of 100 shares of this IPO

hi guys,

both are very good IPOs. Long term its very good IPOs. So everybody can apply.

plz tell me. what is good ipo? . chemcel biotech or 20 microns ltd . plz reply me as soon as possible

SHOULD WE APPLY OR NOT???? i do not know much about IPOs but i think we should apply as it does not have higher value and these days ipos are givng good results.

I am interested to invest in this script but not aware about
the portfolio of this company if you know and returns are expected in this then kindly suggest me for the same.

hello everybody ,,,,,, i feel it will give good return because it is fixed prise ipo,,,,,,,,,,in past every fixed prise ipo has given handsome return on listing,,,,,,,,,,,what u think?---waiting for ur opinion......................................ajayshah i will apply six lot in 20micron

Hello Sir,

Plesae kindly mail me how it is fundamentally groom Chemcel Biotech Limited IPO.

Thanks

My sincere advise to all investors, don't go for this issue.

market lot please, any body tell me.

good ipo must apply for eveyone fundamentally as well as specultively good material,pronblem is money will be blocked for 1 month i foresee a listing of 25 shud be subscribed 10 times

LOOK AT THE REGD OFFICE ADDRESS. IT SEEMS WRONG.

PRAKASH IPO, ur comments pls. we all are wating for your comments as you are the only GURU of IPO for us...

Chemcel Biotech Limited IPO is book building not fixed price as it has a price band which is been clearly mentioned in draft
prospectus.
So Kindly give me the feedback.

The objective of IPO seems to repay their due with banks and recover ipo expenses. Bio-diesel unit set up is good project. Required some deep study before investing