Garden Reach Shipbuilders & Engineers Limited IPO Message Board (Page 5)

Based on lackluster financial performance of this company in past and bad performance of better defense companies (cochin, HAL, BDL) in stock market, this ipo should be clearly avoided

Beware of such brokers who simply advise to subscribe on unfair PE valuation hypothesis.

GEPL Capital

https://www.moneycontrol.com/news/business/ipo/subscribe-to-garden-reach-shipbuilders-engineers-ltd-gepl-capital-2972811.html

Out of 5000 companies listed on Indian Exchanges only 500 are worth looking at, other 4500 companies will not exist by Year 2050

BSE Delisted more than 200 companies in the last 3 months.
In BSE500 Index 50% companies are swallowing investors wealth , hitting new low everyday since last few weeks.
So the conclusion is regarding any good IPO - apply and sell on listing if allotted.

Very high price IPO.Avoid this PSU. Its price should not be more than 80-85.After listing it would be easily available at this price.Even though it would be available cheaper , this stock will struggle to find buyer in the open market.Had it come at reasonable price , it would be definitely apply call for listing gain.

Very high should have been given to Aavas which is coming at PE around 70...GRS is fairly priced...only concern is their zigzag PAT

Both are coming at high valuations.
Not a single script is performing on the exchange when comes to shipping related share.
Cochin shipyard , ABG shipyard , Shipping Corporation of India and so on.If you compare pe of garden with this shares you'll realise high valuation.

2018 Eps is Rs 7.14 (DRHP 102).
16.5 PE
RONW 8.5%
Nav 88.69
Attractively priced.
Very tough allotment.

3 Year Book Value CAGR 0.3% (Less than 1%)
3 Year Revenue Growth -5% (Negative)
4 Year Average Net Profit Margin around 5%, very volatile profit figure and difficult to forecast

These kind of companies specially PSU's trade at 0.50 times of its book Value

May be a listing day small pop, not a long term investment at all

Dear TSG
No Idea reg online ASBA. I am always offline submitting Physical forms.

Hello friends, has there been any case where shareholder reservation quota was provided in a psu ipo etc ?

SBI, SBI Life IPO there were reservation for SBI shareholders

to medge thanks for reply

Tera kya hoga Kaliya?

Ahmedabad
GMP - 10-12
Kostak - NA
S2 - NA

Choice Broking has given avoid rating to this IPO.

Sector notorious for eating Investor's Money..
Better to avoid

Garden Reach Shipbuilders & Engineers Limited - Book Value is around Rs 88 and EPS is around Rs 7 - We can expect a minimum dividend of around Rs 4.4, translating into a dividend yield of 3.7%.

The percentage of net profit to total revenue is falling sharply. At present it is around 3%. On increase of total revenue profit after tax should increase whereas it is decreasing at the fast rate.

GRSE/Govt spending big on this IPO with constant TV ads in last week. There are some order announcement in pipeline, as per news reports in recent past. IPO is priced well. So, like RITES, this is a IPO buy & hold for first 3 months IMO.

But after that, there is no hope in hell for serious investors for atleast 3 years...Reason being the upcycle of steel cycle. Looking at the prospectus, best return is seen in FY2016 when raw material steel was its lowest domestic & international. SAIL has started manufacturing the high tensile warship category steel GRSE needs. But, with steel cycle going to be on a high, prices will only go up. Also there is tariff issues that may come in importing high grade steel from Russia.

Next problem is execution. CAG came hard on Indian Navy recently on warship delay because they changed ship design 23 times. Number of delays GRSE has incurred due to internal & external factor is numerous.

So, its a BUY for short term and big AVOID for long term...

Dividend Policy of Garden Reach Shipbuilders & Engineers Limited - In accordance with the CPSE Capital Restructuring Guidelines, it is required to pay a minimal annual dividend of 30% of PAT or 5% of Net Worth, whichever is higher, unless an exemption is provided.

GARDEN REACH SHIP IPO:

Another Defense contractor. Thousand of crores of order book. Past performance of defense contractors are not up to the mark i.e. Cochin Shipyard, HAL, BDL.

I am avoiding this IPO.

IRCON:

Apply. Price is reasonable. Allotment is tough.

SME IPO lover should keep track of Ranjeet Mechatronics limited IPO opened today.
A bumper listing Gain in Ranjeet limited is on The way....

Your advice PERFECT AND PROFITABLE SIR

Retail category subscribed about 60 times. I have naver seen this type of response by retailer earlier.

Avana Logistek & Indiamart Intermesh approved by Sebi.

Apply Guy's - GRSE

Go For It

Why investors fear from this IPO. Think if GMP is only 10/- Rs. Than you have 1200/- profit bcoz of 120 Nos. of lot. And Also issue prices is so Good
Dont Fear Apply

If GMP is 10 (assume)
Then profit should be 1800 considering RII discount of rs 5
15*120=1800

Lo karlo Bat
Fir Bhi Dar or No Responce

what is your perspective regarding this share. This will provide listing gain or not?