Engineers India Limited FPO Message Board (Page 1)

Finally recovered from loss from earlier FPO and gone into profit of 2K. This time I wont make mistake of allowing to go below invested price of 172(35 ealier FPO + 131 current FPO shares).

SOLD ALLOTED 468 SHARES @ RATE OF rS.167/-. BEST AGAIN RETURN EARNED,AFTER POWERGRID FPO - PSU SHRES

High Deliveries. High Volume. Expect the price to go higher?

Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190

Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190

What can I do for EIL shares alloted to me, Delivery Volume is very high in NSE/BSE. Price is likely to reach Rs.160/- ?

@Kamlesh Shah,
Delivery volume might be due to selling pressure to book the profit, but the overall scenario is once again LIC has made the divestment boat to sail, as they have got allotted 28.75% of total offer for sale...
Retail response is due to the outcome of Power grid Offer for sales as it have given almost 10% of return for retails by blocking funds for a max of 1 month, being a risk free return available to retail sectors (atleast the 5% retail discount ) has drawn the attention of retails this time...

So maximise the risk free return, an individual will prefer these fpo or OFS and keep fund in Bank FD''s for the balance period so as to maximise the return. This is my view and am doing. so that is why retails offon listing day...

About the company i just started to track after this OFS announcement only and my opinion is as below..
1. Order book is ok with good margins in the past..
2.Company has a cash balance around 2200 crores which will come around Rs.70+ per share..
3. The stock price has been in declaining cycle for past 3 yrs...
4. Good dividend yield....

have satisfied that above things are worth to apply the OFS and went for it....

The price of 160 depends on several other future prospectus of the company as well as overall market sentiments so future is cluless for me...

So.. EIL is slowly coming closer to its fundamental valuation of Rs 220. Cheers!!

Sold my 131 EIL FPO shares 150.....not worth tracking this everyday..

OUT OF 200 SHARES , sold 100 at 150 ..... let''s hope for the better price ahead for the balance ......!

So.. yesterday you suggested to hold the stock but today sold 100. As you claim out of 200. But no one got 200 shares in FPO. It can be 192. So i believe you sold your entire allocation contradicting to your own recommendation? Anyways, i am holding shares alloted to me as EIL is fundamentally sound.

Now i can see in indiabulls.152 i have given the limit.is it fine?

yes,i am also facing this issue with indiabulls.Yet not showing in my demat a/c.

When we can see those shares.

Sold 200 shares at 148.60. Not much use, made around 600 rs after paying brokerage.

EIL shares are not shown for trading at Indiabulls. Upon asking they say that the shares are still not listed. Can any body check the listing date.

Those who will have patience to hold the EIL allotted shares will make a profit - as on LISTING day panic selling may take it below the issue price ..... so avoid distress selling .... & hold for a few days at least ...!

http://www.business-standard.com/article/companies/engineers-india-fpo-shares-to-list-feb-28-114022600551_1.html

THIS IS LINK

State-owned Engineers India''s shares issued during the follow-on public offering (FPO) will commence trading on February 28.

Earlier, this month the government had offloaded nearly 10% of its holding in the company to raise around Rs 500 crore. The FPO, which was open between February 6 and February 12, had subscribed 2.81 times.

Engineers India fixed the price for the public issue at Rs 150 per share, top end of the price band. Retail investors were given a discount of Rs 6 per share. More than 70,000 retail investors had applied in the FPO.

Shares of the company are currently trading at Rs 150.25, up 2.3% on BSE.

Business Standard
Engineers India FPO shares to list Feb 28Earlier, this month the government had offloaded nearly 10% of its holding in the company to raise around Rs 500 crore
BS Reporter | Mumbai February 26, 2014 Last Updated at 14:29 IST

Trading members of the Exchange are hereby informed that pursuant to the FPO of Engineers India Limited, the under mentioned equity shares have been credited to the beneficiary account of the successful allottees in the FPO and will be available for trading w.e.f. February 28, 2014.
 

*Name of the Company*
*Securities*
*Distinctive Nos.*
*Scrip Code*

Engineers India Limited
33,693,660 Equity shares of face value of Rs. 5/- each fully paid-up issued by way of Public Issue.
43535213 to 77228872
 
 
 
 
532178
 
 
 

FPO Issue Price
Rs. 150/- per share*
(Face Value of Rs 5/- and premium of
Rs. 145/-)
***Discount of Rs 6 is offered to Retail & Eligible Employees.**

In which website this notice is displayed? Please intimate.

@PSR,
The intimation is available in bseindia - circulars and notices link

www.bseindia.com/markets/MarketInfo/NoticesNCirculars.aspx?expandable=0

Let us avoid being so panicky .....& desperate .... EIL is fundamentally an established coy NOT a fly by night operator afterall .... !

Mr Pruku very good appeal.Thanks a lot

Respected FII ( FOREIGN INSTITUTION INVESTORS)

Please help us retail investors by buying shares of ENGINERS INDIA LTD aggresievly on 28th Febuary as we small retailers want to exit any price above Rs 250.It is a very sincere appeal from all retail investors who have applied for this FPO. Its my suncere request to you all straight from my heart.

Mr.Pruku,
As per the disclosure by LIC to the exchange it has informed that it has acquired around 2.875% shares via FPO and which works out to 28.75% of issue size. They won''t exit now.
If retails don''t dumb them price will be stable...

Trading members of the Exchange are hereby informed that pursuant to the FPO of Engineers India Limited, the under mentioned equity shares have been credited to the beneficiary account of the successful allottees in the FPO and will be available for trading w.e.f. February 28, 2014.

Name of the Company
Securities
Distinctive Nos.
Scrip Code
Engineers India Limited
33,693,660 Equity shares of face value of Rs. 5/- each fully paid-up issued by way of Public Issue.
43535213 to 77228872

Finally happy ending of the stock today,largely due to covering of short sell. Real testing on Friday morning