Manjushree Extrusions Ltd FPO Message Board (Page 5)

i opt for a buy as they gonna triple their output in 2-3 months time period. Also they a big list of companies as their clients Hindustan Lever, Nestle, Cadbury, Britannia, Glaxo Smith Kline, P&G, Coca Cola, Tata Tea, Goodricke Group, McLeod, Godrej, Nutrine, Wrigley’s, Parry’s, Heinz, P&G, Reckitt

Also they have client from all sectors like Tea & Coffee, Pharmaceuticals, Confectionery, Fruit juices, Aerated ,Beverage,s Sauces & Ketchups, Household cleaners, Pickles, Health Supplements, Mineral water,Promotional items, Liquor

Hello Investors,

I checked with Asit C Mehta, Where they are not recomending for it. But you can apply ay your own risk. It depends on the market flow for Feb. Hopefully, it is not the right time to apply for IPO's, unless the company have good track record.

Purushotham

good company apply today is closing

hey aftab this is just listed company on above said exchanges, its not trading there though.

HI

Good FPO ..Definately will give good return shortly..

Good idea is to apply from HDFC online or thru a form from HDFC bank. Write to them, na... they will surely send you a form. Also to answer another question.... follow on issue is because they have already done an IPO in 1995. So this is a FPO (follow-on-Public Offer). no other difference or funny thing.

Dear 76,

I may not be as mart as SP Tulsian. But open your eyes. Even SP Tulsian is not ultimate. Look at the below sample data:

Company & SP Tulsian Recommendation      Price      Day1 List Close
EMPEE DISTILLERIES (Apply)       400       317.90
PRECISION PIPES & PROILES (Apply)      150       138.65
ALLIED COMPUTERS INT (Don’t Apply)      12       37.70
ARIES AGRO LTD (Don’t Apply)       130       251.60
BARAK VALLEY CEMENTS (Don’t Apply)      42       56.05
BGR ENERGY SYSTEM LTD (Don’t Apply)      480       901.30
BURNPUR CEMENT LTD (Don’t Apply)      12       46.35
CIRCUIT SYSTEMS(INDIA) LTD (Don’t Apply)      35       43.50
EDELWEISS CAPITAL LTD (Don’t Apply)      825       1,509.95
FUTURE CAPITAL HOLDINGS (Don’t Apply)      765       908.20
JYOTHY LABORATORIES LTD (Don’t Apply)      690       793.70
KAUSHALYA INFRAS DEVEP LTD (Don’t Apply)      60       82.25
KAVERI SEED COMPANY (Don’t Apply)      170       230.10
MAGNUM VENTURES LTD. (Don’t Apply)      30       48.70
MAYTAS INFRA LTD (Don’t Apply)      370       614.30
MOTILAL OSWAL FINANCIAL (Don’t Apply)      825       977.45
OMNITECH INFOSOLUTIONS LTD (Don’t Apply)      105       164.55
SAAMYA BIOTECH (Don’t Apply)      10       15.30
SIMPLEX PROJECTS (Don’t Apply)      185       272.05
TAKE SOLUTIONS LTD (Don’t Apply)      730       926.50
TRANSFORMERS& RECTIFIERS (Don’t Apply)      465       728.00


Check his own site for confirmation with respect to listing gains.

Open your eyes. Nobody is ultimate in Stock Market Analysis.

Happy Investing.

hi Investors,

One question. I do not have any shares of Manjushres, can I apply for them know? What is Follow-on Issue? I know Rights issue is only for existing share holders.

Hi, I am an ICICIDirect customer. It doesn't offer Manjushree IPO through online demat account. What should be done? Please suggest. Thanks a lot

Hey Smart Investor, you have done quite a good analysis. But you see, Tulsian is different... he sees things that you cannot and that is why he is tulsian and you are just some fellow with a pseudo name of smart investor.

Dont mislead people with your ordinary financial calculations. I have seen this company with my own eyes and they are really good in what they do... they are a long term gainer

Dear Investors,

Read what SP Tulsian says:

"Topline for FY 07 was at Rs.80 crores, with EBITDA of Rs.8.71 crores, PAT of Rs.2.82 crores, resulting in an EPS of Rs.6.70. FY 6 months ending 30-09-07, topline was at Rs.32.26 crores with PAT of Rs.1.86 crores resulting in an EPS of Rs.8.85, on an annualized basis. Considering, FY 08 financial performance, shares are being issued at a PE multiple of about 5 times which are quite attractive."


My Analysis:

A profit of 1.86 crores for six months on post issue euity of around 13 crores will result in annualised EPS of around Rs. 3/- only. That means this FPO is priced at a PE of 15 not 5 as our Tulsian says. Some analysts like Tulsian become positive about a company and start talking every thing positive and in the process they will not reveal the truth.

Conclusion:

If market crashes by the time it lists (mostly it will happen), this stock will drop to Rs. 25/-. Even if market is good it may not go above 50/-.

Decide yourself. You want 10% profit with a risk of 50%.???

Happy investing.

strong co., I visited them in bangalore. they have very strong clients like nestle, vicks, tata and all. I am sure to buy 2000 shares and keep for 3 months. the promoters will make all the effort to list at 90rs.

Hi Freinds, Manjushree IPO seems good for long term returns. I was checking our thier website : www.manjushreeindia.com and what was impressive was its high-profile client list and continous growth.I am going to invest in this company..

Hi,

This company is already listed on CSE, ASE. Can anyone tell me at what price this company shares are trading now.

Thanks
Aftab

really dis is a gud issue.. plastic industry is blooming by heaps & bounds..one can go 4 it.. some co. dont have any fundamentals even then there price is not justifiable so one shld not make any hue & cry 4 dis ipo pricing..

This is a honest issue in a long time. 45bucks and no nonsense. I know this co. personally because I am one of the customers of this company. the owner himself loks after all the affairs of the company.

Dear Prakash (65)

i liked the way you have written your message.

I think some of my friends here dont understand the difference between rights issue and public issue. One month open is rights issue. Public issue will open on 31st. Iwill go for it. I am sure it will list atleast at 60rs. will sell on same day. 15rs. has not gone anywhere.

Caution: Please dont apply---A Request!

Dear Frnds

Have u seen the IPO with open for subscription for ONE (1) month

I sure the pic is clear

Regards