Indosolar Ltd IPO Message Board (Page 34)

may you please advise on indosolar right now and send it to mkkhandelwal@yahoo.com

SREEDHAR

I READ UR REPORT..

BUT WHATS THE CONCLUSION .......??????

R U APPLYING INDO SOLAR .......????

I MAY LEAVE IT BUT NOT COMPLETELY IF CARRER POINT OPENS IN NEXT WEEK, IT WILL BE A TALWALKERS KIND OF IPO, HIGHLY PRICED YET GOOD RETURN AND VERY VERY THIN ALLOTMENT BECAUSE OF ITS ISSUE SIZE OF RS 130 CRORES.

I THINK IF WE APPLY IN INDOSOLAR WE WILL GET MORE RETURN THAN CP ON ONE LAC APPLCN BASIS BECAUSE OF ITS ISSUE SIZE OF RS. 332 CRORES AND MONEY MAY ALSO COME BACK FOR ANY OTHER IPO LIKE ASHOKA AND WABAG IF THEY OPEN IN THIS MONTH CP MAY DELAY THE MONEY FOR OTHER IPO.

MAZ

BETWEEN DABUR AND TVS U BUY ONLY TVS.......

IT IS UNDERPRICED COMPARE TO BAJAJ NAD HERO HONDA......

THERE IS A CHANCE THAT SOME MONEY MAY SHIFT FROM HERO HONDA TO BAJAJ AND TVS, BECAUSE HONDA IS SELLING ITS STAKE IN HERO HONDA AND HERO HONDA DOES'T HAVE ANY R&D FACILITY IT TOTALLY DEPENDS ON HONDA, SO ITS GROWTH WILL SLOW BECAUSE OF LACK OF OWN R&D ....

Dear SJ Gem and expers,
please need your kind advice to buy
TVS Motors & Dabur India Ltd and what will be the target after a month time.

please help..and give your kind adivce///

Dear Mr. SJ,

Ur so great genius yar. Me an engr in the field of power electronics which i deal presently in solar. I done lot of installation in solar power plant far east area like island area of west bengal. As u said the solar power plant is so castly when compared to traditional powers like thermal, nuclear.

The profit from the solar power plant is nil right now. we have to go so long to get the profit from solar power. And its depreciation also too high which is depends on the Batteries, which is also a commodity product of led.

So right now as u said its a long term pet. Dear SJ u have lot of knowledge in Sharemarket as well as field theory. Am ur follower. Thanx to ur service

shreedhar

same is also.....case with praj.....industries...

It is one of the leaders in bio ethanol production technology equipment supplier

still it is reeling and activity less

but do you remember in 2008 when crude crossed 100 dollars barrel ...this company was gasping up breathlessly.....

Either crude needs to go up 100 plus or the technology has to be cost effecient like crude to have potential

shreedhar my advice......although you dont need one...coz you are wise

keep this for long term..dont look for listing gains in indo solar

and also buy moser baer if you beleve in solar....i think you might have moser baer already coz you have done so much ressearch in alternative energy

regards

Dear Experts,

please give some hot stock for tomorrow Intraday

@ shreedhar

agreed

even wind energy majorsuzlon has major projects in europe.....thru RE power

Moser baer is not a small co. In solar space

I am not saying this is bad company...

For me thermal energy will keep on dominating as long as other sources are not that cost efficient...at least till next decade......next 5 years thermal energy is multibagger space to invest in...

Even moser baer is a good bet i myself have entered moser baer at 65.....i will keep it for 10 years....coz the best alternative energy is solar

i am just saying people will have to wait that long

until it is not a mass scale substitute to thermal which will happen once their are more technological advances in solar to make it cheaper or at par with thermal........

regards

setu

SJ,
Indosolar provides the SPV cells to SPV Module manufactures who inturn sell them.Most of its customers who bought the cells were in Germany & France.Germany is the no.1 consumer of PV Cells & it provides subsidy to Solar power generating companies .

Summary & Outlook of Industry,
1)World Photo voltaic market has seen sales grow by compounded 50% from 2005.
2)All govts. have been stressing on clean energy to reduce carbon emissions.India's Jawaharlal Nehru National Solar Mission has the following targets
2010-13 2013-17 2017-2022
1,000-2,000MW 4,000-10,000 MW 20,000MW
Barack Obama promised to spend $150 billion over the next 10 years developing alternative energy most of which is solar Energy.
Hence lot of growth potential.
The committee has mandated that for Phase I of
the JNNSM, all deployment in grid connected solar power be done using both cells and modules
manufactured in India. The will further promote PV manufacturing plants in India
3)it is expected that the world PV market demand will increase from 7.3 GW in 2009 to 24.7
GW in 2014.
4)In India,A key opportunity for solar power lies in decentralized and off-grid applications. In remote and farflungareas where grid penetration is neither feasible nor cost effective, solar energy applications are
cost-effective. They ensure that people with no access, currently, to light and power, move directly to
solar, leap-frogging the fossil fuel trajectory of growth.
5)The mission plans to provide solar lighting
systems under the ongoing remote village electrification programme of the MNRE to cover about
10,000 villages and hamlets

About the Company,
1)Very limited history.Commenced its operation in July 2009 with a production line of annual capacity 80 MW .The 2nd manufacturing line with another 80 MW started commercial production in March 2010.
2) intend to increase annual production capacity to approximately 260 MW by October 2011,
with the commercial production through the proposed Line 3, which we intend to finance out of the
Net Proceeds. The Line 3 is expected to be completed in August 2011 and is expected to commence
commercial production in October 2011.
3)The total income from sale of SPV cells in Fiscal 2010 was Rs. 107 Cr.Net loss was 66 Cr out of which 50 Cr was due to cost over run in the 1 st maufacturing line.Cost over run in 2nd was only 3 Cr.
4)Total order book was 1012 Cr amounting to 170.36 MW of PV cells.In the first 4 months till July 2010 the company has already sold orders for 30.58 MW resulting in an aggregate income of Rs. 170 cr.So the company has already crossed its FY10 sales by almost 1.7 times in first 4 months itself.With the stabilisation of the 2nd production line its poised to easily execute 120 MW of PV cells in Fiscal 11 or about 700 Cr of sales.
5)Efficiency has improved from 14.76% in July 2009 to 16.15% in July 2010. Besides,the Manufacturing Yield has gone up from 71.99% in July 2009 to 94.10% in July 2010 on Line 1.So its using its production line to the capacity .The fact that it has improved its energy efficieny by 150 basis points points to better margins.
6)Indosolar is one of the few companies which has been granted an in-principle approval by the
Ministry of Communication and Information Technology, Government of India for grant of financial
incentives of 25% of the total cost as submitted to the Government of India under the “Special
Incentive Package Scheme” of 2007. Having fulfilled the conditions specified, we have applied for
grant of formal approval in March 2010. We may use such financial incentives inter alia towards
expansion of our manufacturing capacity or retirement of debt.So the company is expected to get subsidy of 25 percent of total cost in FY 11 which improve its bottom line.
6)Its only comparable peer is Websol Energy systems which is a loss making company & with no visible growth in its business .Websol's revenue decreased from 32 Cr to 28 Cr in Jun 2010 compared to Jun 2010 .So Websol is a much smaller company than Indosolar.Indosolar has aquired the latest technology & will also possess scalabilty of business.

In Summary its principal competitive strengths are as follows:

(a) State-of-the-art technologies for manufacturing SPV cells obtained from Schmid
(b) Well positioned to receive tax breaks and special incentives from the Government of India
(c) Early mover advantage in the domestic SPV cell manufacturing space

Concerns are:
1)Techonlogy obsolescence.
2) increase in price of poly-silicon wafers which is the raw material
3)delays and cost overruns in expansion of our manufacturing facilities as a result of a factors
beyond our control, such as increases in the price of and shortage in the supply of poly-silicon
and silicon-based raw materials and problems with equipment vendors.

-----------------------------------------------------------
Summary-I like the potential of the Industry & I like the company So I am applying for the IPO.
-----------------------------------------------------------
Disclaimer-The following report has been prepared after 1 hour study of RHP & also my previous study of potential of clean energy systems .It has not been copied from any brokerage report as I believe every brokerage report prepares its IPO note from RHP & I have studied the RHP as soon as it has been posted.Any ways I do not study any brokerage report .

We buy unlisted & delist shares
if you want to sell any shares then mail me at
rajeevjodhpur2003@yahoo.com

BOARDERS

MOSER BAER is lying near lows and is in same business.

So if you want to invest in INDO SOLAR...

You have to wait for at least 5-7 years to get decent returns.

Coz solar technology is not cost effective and hence cannot be used on a massive scale right now.

India will be dominated by thermal power companies for the next 5 years at least.

But future is bright for solar but in a ten year time frame.

Blackstone has recently bought moser baer (1% stake)

There is obviously a future but waiting period will be too long to test your patience.

Agreed that this is into manufacturing and not generation.

But if generation industry is not in vouge then how can manufacturing solar cells can be profitable...rite now...?

So if you can wait for 10 years you can take a look at Indo Solar.

My personal feeling that if you want to play Power sector right now....

Buy Adani power which wil have 10 Giga watts of production by 2014 and some projects will start transmission by 2010 last qaurter onwards.

It can give you better return in next 4 years than Solar.

So "Oppurtunity Cost analysis" currently suggests to go with Thermal Power.

I have invested in only Adani Power in power sector through IPO coz i missed the parent Adani Enterprises in 2005.

This company has excellent execution record and the promoteris pitted as next Dhirubhai in Gujarat.

See The success of Mndra Port SEZ.

Regards

Setu

pls suggest We apply indosolar IPO or not.

Dear lokesh after reading your views i am now considering this ipo sincerely.I have bring losses in indiabulls power.Because those who have applied in indiabulls have got full allotment.So you can imagine what is our condition at that time but indosolar have different story so i will consider its growth prospectus and will apply it after seeing response from qib, hni and retail investor. Thank you for your cooperation.I was frustrated from whole power sector. now your views have put some positive signals in me.

an loss making company
rate rs 32 all good companies which are loss making are avaiable at rs 25 to rs 35
govt has an support to these companies
you can apply for 2 lots ie approx rs 15000
managment good better than gppl
good for long term investment
grey market premium rs 5 to rs 6
all high rise bulilding have to have solar pannels in mumbai
all big companies are usiging solar
govt subsisdy to solar energy

DEAR 27
NO COMPANY WITHOUT HAVING POSITIVE BALANCE SHEET IN LAST THREE YEAR CAN BRING IPO

Dear Mukul,
You are right about the power sector but this is not strictly about the power. It is not producing power directly. It is in business of manufacturing solar cells.
Govt is giving concessions on solar plants so there will be great demand of solar cells. Also it has order book of more than 1000 cr and is also undergoing expansion to meet out increasing demand. So, market will factor all this on listing

FACTS ABOUT INDOSOLAR


1)ITS A VERY VERY NEW CO, IT HAS NOT COMPLETED ONE YEAR IN BUSINESS.

2) FOR THE SIX MONTH ENDED SEPT '09 IT HAD RS.15.5 CRORES PAT LOSS.

3)ITS PEER WEBSOL ENERGY ( AS PER DRHP) TRADES AT 5 PE AND 0.5 TIMES BOOK VALUE, AT THIS PARAMETERS INDOSOLAR SHOULD TRADE AT RS.5 ( 0.5 TIMES OF BV OF RS 10

4) ITS ANOTHER PEERS ARE DISASTER LIKE MOSER BAER ( IT IS THE LARGEST SOLAR PLATE PRODUCER IN INDIA) AND EURO MULTIVISION ITS IPO WAS @ 75 NOW @ 45.

5) NOW LOOK AT ANY POWER CO IPO IN INDIA IN LAST 3 YR NON OF THEM GAVE ANY SIGNIFICANT PROFIT.

SO ITS A AVOID IF CAREER POINT OR ANY OTHER IPO DATE COLLUDES WITH IT.

What is the call for applying indo solar IPO

kostak rate of indosolar ltd is 2200rs.