MBL Infrastructures Ltd IPO Message Board (Page 4)

MBL unlikely to give any listing gains. Be careful with your money...
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If you still want to take a chance, apply for 2-4 lots only, so that in case loss it is minimum.

Its just waste of time even reading these. It's a easy decision to skip this IPO without giving much thought about it. Price will be damn cheap in secondary market in the days to come.

This is the expensive one
compare to peer listed share
better to avoid this ipo .

where is prakash ipo ? what comments on this issue.

Grey Market Premium (GMP) Rs. 5 to 7

WARNING

Don't go by GMP. IPO investment decision should be purely on the basis of valuation.

DONT APPLY

I think 180 is too much to ask for this. I am not sure why gov dont involve in these things when the face value is 10 than how come they are asking for 180. This is just a pool to generate momey from market. for 10 rs they are getting 180 rs. When it is listed its nothing to do with investors than its all about we people only if someone is ready to buy saher for 190 the value will become 190. If no one is buying it for even 10 the sare value will fall beyond 10. So the money IPO is generating is much more than any thing else. I am sure govt will have its share in it. Otherwise for what reason they project it for 180 rs. Please correct me if i am wrong.

MBL ISSUE KAGREY MARKET PRIUMEM 1400 RS CHAL RAHA HA

This may be a speculative issue. Looking for right moment to come to the market!!! Better be avoided...
Remember some junk issues may give good returns like thinksoft(without any fundamentals), but you make moneyu in one issue loose in other.. so your time and efforts will simply go waste!!1

Hi Devang
I have personally analysed this Co. it is better to buy from secondary market. don't invest in ipo.

don't invest in jsw energy buy invest in MBL infrastructure
it will give more than 50% return on listing
mbl infra is price at 3.85 PE at upper price and eps is 48 rs


multibagger for listing and for long term invesment

remember

Hi Frnds,

I found foolowing info on DRHP of MBL.
they mentioned peers as shown below. Is correct info. can we consider this as base info for invest. Can any body calculated PEs of the MBL If yes please share with us.


Quantitative Factors
The information presented in this section is derived from our Company’s audited restated Standalone financials
statements for the Fiscals 2006, 2007 and 2008.
1. Restated diluted Earning per Equity Share (EPS) of Face Value of Rs.10 each.
Year EPS (Rs.) Weight
For Fiscal 2006 7.64 1
For Fiscal 2007 9.86 2
For Fiscal 2008 14.28 3
Weighted Average 11.70
The Company has allotted 750,000 Equity Shares to a Promoter and one member of the Promoter Group on
September 04, 2008. Pursuant to allotment of additional Equity Shares after March 31, 2008 the EPS of the
Company stands reduced to Rs.13.37.
Price/Earning Ratio (P/E)* in relation to Issue Price of Rs. [•]
a. Based on Fiscal 2008 EPS of Rs. 14.28 - [•] x
b. Based on weighted average EPS of Rs. 11.70 - [•] x
Industry peer P/E
i. Highest : 164.5
45
ii. Lowest : 2
iii.Industry composite : 16.3
(Source: Capital Market, September 22 – October 05, 2008, 2008 Industry: Construction)
Return on Net worth (RONW)
Year RONW (%) Weight
For Fiscal 2006 24.04 1
For Fiscal 2007 23.85 2
For Fiscal 2008 26.56 3
Weighted Average 25.24
Pursuant to allotment of additional Equity Shares after March 31, 2008 the RONW of the Company stands
reduced to 21.21%
Minimum return on the increased net worth after the Issue required to maintain standalone pre-Issue EPS of Rs.
14.28 is [•] %
Net Asset Value (NAV) per share, pre-Issue, post-Issue and comparison with the Issue Price:
a. As at March 31, 2008 : Rs. 53.76
b. Issue Price : Rs. [•]
c. After the Issue : Rs. [•]
Pursuant to allotment of additional Equity Shares after March 31, 2008 the NAV of the Company stands
increased to Rs. 63.05 per share.
Comparison with Industry Peers
The comparable ratios of the companies which are to some extent similar to our business are as given below:
NameoftheCmpny Face Value(Rs.) EPS(Rs.) P/E RONW(%) NAV(Rs.)
MBL Infrastructures Limited 10 14.3 [●] 26.6 53.8
JMC Projects Limited 10 16.0 9.0 21.7 81.6
Madhucon Projects Limited 2 14.2 17.4 9.7 135.6
Sadbhav Engineering Limited 10 38.6 17.8 19.4 226.1
Valecha Engineering Limited 10 14.2 9.8 9.8 165.9
(Source: Capital Market, September 22 – October 05, 2008 Industry: Construction, Based on audited financials
for the year ended March 31, 2008)
The Issue Price of Rs. [●] has been determined by our Company in consultation with the BRLM, on the basis of
assessment of market demand for the Equity Shares by way of the Book Building Process.
The BRLM believes that the Issue Price of Rs [●] is justified based on the above parameters

As per my opinion do not invest at this time in IPOs. We are looking very very poor condition of all IPOs. At present TATA`s company Tinplate is availavel at Rs 64 PE 7.4 and EPS is 8.6 Think thoroughly and invest in good quantity for medium and long term.

good luck.

One New IPO from Power Sector

JSW Energy
Issue opens       07-Dec-09
Issue closes       09-Dec-09

Be ready to become BAKRA once again

this issue will give good return on your application and open gray market premium aound rs 25

PROFIT IS 27 CROES IPO IS WORTH

Hi
even i think too that issue prize is very high.
lets see What's other people views..

Issue is expensively priced. Dont apply for this IPO.
Disclaimer: I am having negative view on this IPO and hence NOT applying.

company's old name MAHESHWARI BROTHERS LIMITED (MBL)
not ready to invest in such companies

1) No state where they can easily implement projects.
2) A company which seems more interested in doing joint ventures. There is nothing wrong in doing joint ventures, but foreign companies are using joint ventures to enter in to Indian market, and after purpose solved they like to dump joint venture and make their way through.
3) 94 crores for what?
4)Infrastructure company - only for long term investors, because can't give return on early basis.
5) What is the way they will share the profit, generally we can say that company which has production bases will do continuous production and return money of investors afterwards. What about real estate companies, if they make profit, the profit shall be again invested in Land and as you know Land prices are always increasing at a rate of minimum 10% a year, so what is the profit margin for real estate investors which is basically for Government project like roads and Highways, where Government control is there. and when it comes to money, Government is BAAP of everybody in loosing money in WHITE MONEY way, so if this company will also not get white money, how will they pass on shareholder's money in correct / right way. So, forget about profit sharing of promoters.

Money will go to their pockets through under table.

I am not going to invest???? What about you?