IRB Infrastructure Developers Ltd IPO Message Board (Page 24)

I am applying with a full amount application....

i dont want to miss the opportunity...

Buy Supreme Infrastructure at cmp stock is at best value with so many ipos for infrastructure coming.supreme has got order of
77 crore from mcd and additional order of 250 crore
Buy soon seeing target of 250+.
sp tulsian

Result Analysis » SUPREME INFRASTRUCTURE INDIA

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Feb 01, 2008 10:25 am
On the right track






This company has gone public on 21-09-07 and had issued shares at Rs.108 per share and it continues to remain above its IPO price, even when the market slid sharply last week.



Its financial performance for Q3 ended 31-12-07 cannot be compared to its previous year, as this is its first quarter results after it went public.



The company posted a total income of Rs.46.98 crores, on which it incurred an expense of Rs.39.32 crores. PBT was at Rs.7.66 crore and PAT was at Rs.6.26 crore. On an equity of Rs.13.87 crores, EPS on a face value of Rs.10 per share, was at Rs.4.51.



The company had mobilized Rs.37.54 crore via the public issue, of which, it has already utilized Rs.28.01 crore, of which 64% has been utilized towards long term working capital requirement.



After the IPO, in Q3, the company managed to secure quite a few orders. It got additional contracts worth Rs.185.22 corre from Thane Municipal Corporation. It commended commercial production of its 3rd Ready Mix Concret plant at Powai w.e.f. November 07. It also increased its land holding in Thane, to support its backward integration. It has formed a JV for execution of NHAI project.



The company is indeed graduating from being a small company to now executing projects of Rs.100 crore and above, with higher margins.



Currently, the stock is available at an attractive price. One can consider investment.

how many times subscribed till now ??

I m agree with The Analyser, retail invester not interested in this IPO as .05 time subscribed on 3rd day. this IPO misguid to investors, will wait till best infra company like Ashoka buildcon IPO come.

irb premium:75 best buy in current scenerio..........

any body tell me i have apply for irb ? or no

Grey market premium of IRB is 75 Rs, can nay one suggest me wether apply to this IPO or not?

dont apply

what may be list price of reliancepower??????

Its a good issue...

Apply to this issue..

if this issue is not good, why is that the premium seems to be 30% positive...ie 70 rs

It is not the earnings,grossprofit margins,promoters,not even sectors in which company is having businesses, The most important factor is sentiments unfortunately it has been adversely effected and this has been resulting in poor suscription to IPOs and same will be reflected during listing.

However bad it might be fr some, look at the GMP, it is 30-50%. If market recovers a bit more befr listing, it can further move up. This seems to b a good IPO.

Just readout the objective of the issue.
"Prepayment and repayment of existing loans of the Company and the Subsidiaries"
Out of total issue amount of Rs.1123 Crs, they are going to use only Rs.90cr. for their new project of Surat Dahisar.
God only knows whats the future.
Better to stay away and wait for other better infra players in market.

good ipo at wrong time. still must subcribe.

BEST IPO IN BAD TIME PREMIUM 60 Rs
IF MARKET MOVES UP PREMIUM CAN REACH UP TO 120 Rs
SO BEST OF LUCK

I totally agree with Sachin. IRB is certainly looking to be costly at this stage. Even subscription till date shows a pathetic picture. Only QIB's have subscribed , that too only 73% of the reserved quota. They pay only 10% on their bidding. Retail participation is extremely poor. I would wait for better issues like Ashoka Buildcon Ltd

hey tell me what is chances of subcription of irb??
is it short term worth in this ipo

hey tell me what is chances of subcription of irb??
is it short term worth in this ipo

hey tell me what is chances of subcription of irb??
is it short term worth in this ipo