Engineers India Ltd FPO Message Board (Page 48)

Issue price likely to be 310-330 with 5% discount for retail investors.Listing gain likely to be minimal.Good for long term investors, because eventually it would move up to 400 in 12 months time.

Dear Sreedhar,
I was rueing for not applying for REC after my experiences in the earlier FPOs. I am not going to miss EIL FPO. I could not do what you advised in EIL earlier. Now I will definitely follow your advice about buying in the secondary market (of course if the price permits) and applying FPO. I will be very much thankful to you if you could share with me similar useful strategies in future. By the by, are you sure you are not going in for SKS?

Dear Natarajan,
I had given you 2 strategy's of making money in EIL FPO.

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sreedhar Jul 02, 2010 9:39:33 AM IST
Hindustan Media Ventures Ltd
Dear Natarajan,
As per strategy 1 of EIL I have bought EIL at 316.Expect to sell it in 340-350 range as it will go up before IPO price is declared.


sreedhar Jul 02, 2010 1:52:57 PM IST
Technofab Engineering Ltd
Dear Natarajan,
See I had given a post few days back regarding different ways of making money from FPOs & said specifically I will inform to you when I make the move so that you could join me.Today I gave you the post at 939 am regarding my first strategy in EIL.My first strategy worked out wonderfully well.I have sold my shares now at 364.The move was even beyond my expectation.If EIL were in F&O I would have bought some puts when it reaches 370 & wait till the FPO is over then I would have sold the puts.This is what I had done with REC & NMDC.

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Now for the 3rd strategy.Buy on 28th July if you get it around FPO price or around 325-335,It will be subscribed well in QIB segment & share will shoot up on 30th after the response to the FPO is known.
4th strategy will be obviously to apply in FPO on 30th.

People who go for IPO based on GMP will be disappointed with EIL FPO as its GMP will be very less compared to SKS & they will skip EIL.Its good for the discerning ipo investor as retail subscription will be less & everybody will flock to SKS,where there will be heavy subscription.What is the the use with such heavy subscription,the returns you earn with such subscription will be equivalent to the returns you earn with midfield at the time of listing.So why this excitement about SKS?SKS will be useful only for long term investors & not for the people looking for listing gains .

GMP FOR SKS, EIL & ALSO PRICE BAND ???????????

Engineers India Ltd. FPO price band is likely to be Rs. 265 - Rs. 285 which is just around 16-22% discounts to current market price. Post Issue price may fall on the lines of NMDC and my guess of fair value for Engineers India Ltd. is around Rs. 239

want know more about engineers india ltd IPO

FPO opening soon but there is no grey premia yet.

Investors are very cautious for this FPO
In my view price will be below 300

51. vishu

My heart says attractive price in 285-260 zone. But my mind says it will be fixed in 310-300 zone.

iT IS WASTE TO APPLY IN ALL GOVT FPO.IT WILL HAVE SAME FATE AS NHPC,NMDC,SJVNL, STILL THE GOVT HAS NOT LEARN A LESSON. ALL ITS FPO HAVE FAILED EXCEPT RECLTD(THAT TOO BEACUSE ITS A FINACE COMPANY)

LOOK AT FATE OF NHPC,NTPC,NMDC,SJVNL ALL THESE RECENT IPO AND FPO HAVE NO DEMAND FOR ANY SECTOR AND THERE IS HARDLY ANY CHANGE IN PRICE EVERYDAY.ALL THESE JUST MOVE IN RANGE OF 1% DAILY.
IT IS WASTE TO GO FOR EIL. PEOPLE HAVE ALREADY BURNT IN ALL GOVT ISSUES RECENTLY HAVE FAILED TO GENERATE INTERESET. HOPING TO SEE LESS OVERSUBSCRIPTION AND LIC TO COME FOR RESCUE

midfild ke liye koi baat hi nahi kar raha ??????
bata sakte ho primiam kya hai???

gem are u sure about the price band( 265 - 285),
and how do u c this IPO at this price?

can anybody give me grey mkt rate and application rate??

Does anybody has news about price of ETL FPO.

hi ravi,
thanks for the info on eil. what do you feel is the price at which retail investors will be attracted and it will be worth investing?

I THINK IT'S PRICE BAND SHOULD BE COME BETWEEN 265-285, SO THAT TIME IT IS VERY ATTRACTIVE FPO THAN SKS MICROFINANCE...AND ALSO RETAIL GET 5% DISCOUNT...

A ministerial group headed by finance minister Pranab Mukherjee will meet on Sunday to decide the price band for the FPO, EIL director(finance) Ram Singh told Financial Chronicle (dated 20/07/2010).

Market watchers and analysts Financial Chronicle spoke to feel the price band for the FPO is expected to be Rs 300-330.

EIL employees and retail investors will also be entitled to 5 per cent discount on the final price in the FPO offer through which the government proposes to mobilise Rs 1,100 crore.

Dear all,
1. what is the discount offered to retailers in this fpo ?


2. What is the approx offer price ?

thanks..........

it will be great if you gentlemen please limit your discussion in related IPO only. Otherwise it will mislead people.

gem,
Thanks.It was really a windfall in HMVL.Hope you repeat the same with SKS.