D B Corp Limited IPO Message Board (Page 2)

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s p gupta
391. s p gupta  Jan 6, 2010 20:43
excellent issue which got super listing we hope thatit will prove better than best in short term we can book profit at 450 level which can be touch in the last week of the month. We shhould buy it at the level of 250 with short term horizon. Good Bye.................
reddy
390. reddy  Jan 6, 2010 17:36
@vish
dont talk just see tomorrow it will to to 300
Ram
389. Ram  Jan 6, 2010 17:29
Birla Shloka FPO opens on Jan 11, to raise Rs 34.7cr

Birla Shloka Edutech is coming out with a follow on public offering (FPO) of Rs 34.77 crore. The issue comprises promoter’s contribution aggregating to Rs 5 crore and net issue to the public aggregating to Rs 29.77 crore.

The issue will open for subscription on January 11, 2010 and will close on January 13, 2010. The price band and the minimum bid lot will be decided by the company in consultation with the book running lead manager.

Birla Shloka Edutech is engaged in sales and services of varied products to education institutions. It is engaged in providing IT infrastructure and imparting IT and IT enabled education in schools of various boards.

Currently promoters' shareholding stands at 56.67% and the rest is with the public.

The issue proceeds will be used for capital expenditure for Turnkey Projects executed by the company under the BOOT model (at cost of Rs 15 crore); capital expenditure on upgradation of infrastructure and content development for XL@School (Rs 9.5 crore); funding the proposed M&A activities (Rs 4.5 crore); working capital requirements (at Rs 2.13 crore); issue expenses (at Rs 3.03 crore) and contingencies (Rs 61.25 lakh).

For the year ended March 31, 2009, it reported net profit of Rs 31.45 lakh on total income of Rs 104.03 crore. For the period of six months ended on September 2009, it posted net profit of Rs 75.64 lakh on total income of Rs 64.65 crore; it has debt of Rs 8.5 crore on its books.

The book running lead manager to the issue is Ashika Capital Limited and Bigshare Services Private Limited is the registrar.
Vish
388. Vish  Jan 6, 2010 14:32
@reddy,

steady, go....???
dude, stop putting such baseless stmts like 450/-. Its not a running race where things can just keep going higher unless there is something to back it.. And i m sure there is no change happening in a week.
reddy
387. reddy  Jan 6, 2010 13:24
tomorrow it is going to touch 300 with one week trg 450 one can buy this at curret level with sl 245
Raghav
386. Raghav  Jan 6, 2010 12:26
@ ziangi

Obviously rite ... When a stock is listed and whenevr the promoters plan for a equity dilution or a stock sale, there will b numerous parameters like CMP, 150 Day avg, etc...
Sometimes the promoters might hav 2 sell @ discounted price.

SO if the share price comes down, net worth of Promoters ll come down and this is only paper loss. But if they happen 2 do a stock sale, they ll hav 2 sell in loss ..
ziangi
385. ziangi  Jan 6, 2010 11:43
Hi,
can anybody answer this question plz ?

When promoters decrease their share through IPO, do they really have any loss when the share price falls ? (say the IPO price is 100 and after some time the price becomes Rs. 10)
Ravi, Bangalore
384. Ravi, Bangalore  Jan 6, 2010 11:36
DB Corp 267- Target 275-281 area, 286-293 area or even 299. Support 265-264 range. Stop-loss 259 (Intra-day Call).

If stop-loss breaches, fall to 252-250 zone.

This view is based on technical analysis.
Ravi, Bangalore
383. Ravi, Bangalore  Jan 6, 2010 10:33
375. Nikhil

I have already posted fair value estimations for JSW Energy, Godrej Properties and Cox & Kings.

Using both technical & fundamental analysis is important for greater success in investment.

FAIR VALUE

Fundamental stock analysis is the use of balance-sheet data to determine the value of stocks.

Cheap stocks are stocks that have assets that are undervalued or are worth much more than the value on their balance sheets. Expensive stocks are stocks that may have a high price and little earnings power to go along with it. In both cases, the real stock price is compared to an analyst's value. It is the analyst value that is called the fair market value.

The buy or sell decision is made by comparing the current stock quote to that of the analyst's fair market value.
mittal
382. mittal  Jan 6, 2010 09:27
thanks. prakash ipo

good guess.
sanju
381. sanju  Jan 6, 2010 08:25
Never mind!!
its listed ..n curr val is 257 :)
sanju
380. sanju  Jan 6, 2010 08:22
Is it listing today or already listed?
Pintu Sujangarh
379. Pintu Sujangarh  Jan 6, 2010 08:06
Good listing cheers.
lakho ipo king baroda
378. lakho ipo king baroda  Jan 6, 2010 07:29
i was right in godrej ipo listing price. db corp will be listed at 245rs.
ipo raja
377. ipo raja  Jan 6, 2010 07:28



B L O C K - B U S T E R L I S T I N G .


T H I S W I L L B E I P O O F T H E 2 0 0 9



.
IPO King
376. IPO King  Jan 5, 2010 23:39
Hello All,

One of mate asked the question: PLEASE GUESS THE LISTING PRICE OF THIS IPO. YOU ARE THE REAL IPO KING.

My answer: Listing Price will be 218 and it goes upto 298/-
nishra nirav
375. nishra nirav  Jan 5, 2010 21:51
AAP SAB DEKHTE RAH JAOGE AUR YE DISCOUNT MEIN HI LIST HOGA, KYUNKI ?"GUJARAT SAMACHAR" WALE NE EK BAHUT BADA PLAN BANAYA HAI...SO DON'T EXPECT THE MORE GAIN IN THIS COUNTER....WARNA FAS JAONGE...CHEERS FOR ALL THE DON'T INVEST IN THIS COUNTER...
prakash ipo & king
374. prakash ipo & king  Jan 5, 2010 21:16

D B Corp

Listing Expectation

Opening Rs.230 to Rs.240

Intraday High Rs.325

Closing Rs.290 To Rs.300

D O N ' T - S H O R T.

varna pachhtaoge
Nikhil
373. Nikhil  Jan 5, 2010 19:28
@Ravi, Bangalore.

It would be nice if you can give more detail for intrinsic value. Did you mean "FAIR VALUE"?
- What was the intrinsic value for JSW Energy, Godrej Property and Cox and Kings.
- It would be nice to see all such values and their performace.

One thing to note, the IPO will give good listing gain if they are market leader (OR kind of market leader with good name). Example, cox&kings (exception Reliance Power, though they were not market leader in power sector)
- If company fundamentals are good and if you are not getting any listing gain, dont worry just have patience and you will surely get return.

I would like to see inputs about intrinsic value for all recept listed IPOs.
Ravi, Bangalore
372. Ravi, Bangalore  Jan 5, 2010 18:48
DB Corporation published newspapers have a decent market share in Gujarat & Rajasthan and this is where a large number of retail investors are based. Hence, the retail subscription is not a surprise given the brand is well-known in those regions. In the grey market, where punters take leveraged positions and transactions are only on brokers' books, the IPO was quoting at a premium of Rs.21-22 to the issue price. This means punters are betting that the issue would list in 233 - 234 range.

Intrinsic Value* is Rs.183. The IPO is pricey & no value seen. Considering 'margin of safety' it is good long-term bet below Rs.140. Issue price should have been around 125.

Investors with 9 - 18 months time horizon could expect appreciation (target Rs.305) if the reasons for improvement in H1FY10 results continue going forward.

___________________________________________________________
*Intrinsic value is the actual value of a security, as opposed to its market price or book value. The intrinsic value includes other variables such as brand name, trademarks and copyrights that are often dificult to calculate and sometimes not accurately reflected in the market price. Different investors use different techniques to calculate intrinsic value. Intrinsic value calculation is subjective with different estimates among investors using the same data. Hence, investors should maintain 'margin of safety'.

Margin of safety has come to be known as the amount by which a company's shares are trading below their intrinsic value.

Like most other facets of investing, there is no single correct method, and every investor must determine their own preferred margin of safety. Some may feel quite comfortable buying stocks that are trading at a 20% discount to their intrinsic value, while others wouldn't even consider a stock to be a good candidate unless it was selling 30% or more below its fair value.

Market conditions might also dictate or influence an investor's margin of safety requirements. For example, in an overheated bull market where valuation levels are over-extended, many companies will trade near or even above their intrinsic values. In this environment, a deep-value investor who prefers a large margin of safety of 50% or more may find few candidates that meet their criteria. In this case, they will be forced to either accept a smaller margin, or be prepared to wait for a pullback that might deepen the pool of investment ideas.

My observation is that investors can never know everything about a given company. And even if all company-specific risks could be accounted for, there are still an endless number of other macroeconomic factors -- such as an economic slowdown, rising interest rates or geopolitical events -- that could trigger a sharp decline in equity prices. By narrowing down the investment universe to only those stocks that are trading far below their intrinsic value, investors can help reduce some of the risks associated with such unpredictable variables.

It is better to be approximately right than precisely wrong. All investors will make flawed decisions from time to time, but the biggest mistakes are made when investors do not prepare for them. Value investors believe that the best way to prepare for tomorrow's uncertainties is to only purchase investments that offer a significant margin of safety.

Factoring the concept of 'margin of safety' my personal opinion is that DB Corporation is good long-term bet around Rs.140.







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