PG Electroplast Limited IPO Message Board (Page 6)

Prit

I dont know how come it entered in my mind that last date was 9th.

IPO Satoriya- Dont mind. it was a communication gap. i thought it was last day and 2.00 was last time, so i have seen the fig and posted.

Jinnie-No use to eagerly see the fig. Picture will be clear on 12th

sk dasji
kindly update about pg sir
Last date is 12th sept. monday and not today
kindly see sir.

Dear SKdash

last day is 12th and not today

IPO Satoriya

Seems you dont know what is mature and what is premature.

The cut off time for ASBA was 2.00 PM and my message was just before to that. Do you think the comment after the closing of the subscription is mature ?

"Dont be in hurry"- It was last minute finding and decision.

"Wait and Watch"- Today is last day and ASBA time was upto 2.00. I think you will wait the sub figure at 5.00 and will apply tomorrow-right

SkDASH,

YOUR COMMENT IS LIKE PREMATURE .
DON'T BE IN HURRY
WAIT & WATCH

PG Electroplast

No grey mkt activities as such
Sub @ 1.00 PM (nse+bse)
QIB-0.70
NII-0.24
RII-0.02

Total- 0.39

Issue size- 200 cr

So 'red' signal from me and for me

NO SUBSCRIPTION FOR THIS CO. ON DAY ONE .

this is the IPO only for the persons who have a large amount of money and want to take the risk , for small cautious investor stay away from the IPO

TERRORISTS STRIKE AGAIN IN DELHI WITHOUT FEAR ...... ANOTHER SLAP N THE FACE OF NPA - GOVT HAVING ZERO CREDIBILITY !

PLEASE STAY AWAY - There are some serious concerns with respect to the company: Company has lost its ISI mark certification for CFLs due to sample failure. Client concentration – In FY11, top 5 customers accounted for ~94% of sales, of which, 51% was to group companies / related parties. Related party transactions - Company undertakes sales to promoter group entities on a regular basis, which constituted 54% of total revenue in FY11, as also, resulting in 53% debtors as of 31st March 2011 being promoter group companies. Also, raw materials are sourced from group companies (26% and 15% of total requirement in FY10 and FY11 respectively). These related party transactions do raise an eyebrow on the fairness of dealings. Company is involved in a lot of legal cases, some having serious implications - Directorate of Revenue Intelligence conducted search and seizure on company’s factory and promoters’ residence in March 2011, as a result of which company deposited anti-dumping duty of Rs. 1.3 crore with respect to import of picture tubes from Malaysia. Also several sales tax, excise and customs duty cases are pending against the company. Company has used funds raised on short-term basis for long term investments in FY08 as well as in FY11, as per the qualified audit report, which shows the weak fundamentals of the business.

CM rating 20/100

The company has reported 20% increase in the net sales at Rs 423.97 crore and a robust 78% jump in the net profit at Rs 17.90 crore in the year ended March 2011. At the offer price band of Rs 190- Rs 210 per share and EPS of Rs 10.9 per share on the post issue equity capital, PE works out to 17.4 – 19.3 times. This is very high considering that it does not have any brand and is just a contract manufacturer for other companies. Nearest comparable listed player Trend Electronics currently trades at P/E of 2.3 times its last financial year earnings. Even MIRC Electronics trades at P/E of around 10.

Archit

This is not a fundamental pick, so one time strategy will be on the last day

Dear Sk dash, Sreedhar.

Any view for this issue?

Lead Manager ALMONDZ GLOBALS PRIVIOUS IPO-

1.Bharatiya Global Infomedia Ltd (BGIL)
2.Omkar Speciality Chemicals Ltd

flop IPO series...NOT GIVE A CHANCE 2 EXIT AT issue PRICE ON THE LISTING DAY

ITS ANOTHER IPO ANUS LAB ISSUE PRICE 210 NOW TRADES AT 2.30

BUT IT MAY BREAK THIS FLOP SERIES
HIGH RISK LOW RETURN
*************************************************************
EXPERTS LIKE RAVI,SREEDHAR,VASNAT,sameerjaipur,SkDash,KK Natarajan PLEASE GIVE UR VIEW ...SHARE UR VIEW...

PG Electroplast ltd dosen't deserve more than Rs.50/ share.
so please very carefully invest in this ipo.

IPO Analysis

Query was in ONGC page and yr answer is in PG Elctr

REPLY TO NIFTY FIFTY Sep 06, 2011 9:03:21 PM IST
DEAR NIFTY FIFTY,THE ANSWER IS BIG NOOOOOOOOOOOOOOOOOOO.
BECOZ,IF A PARTICULAR SCRIP IS TRADING/AVIALABLE IN SECONDARY MARKET AT X PRICE.WHY SOULD ANYBOBY PURCHASE IT AT X+PREM IN PRIMARY MARKET.VERY BASIC THING.
THE COMPANIES RAISE MONEY FROM PRIMARY MARKET(IPO/FPO)WHEN THEY ARE IN NEED OF IT.NO COMPANY CAN EVER THINK OF PRICE DISCOVERY IN BOOK BUILDING IN FPO AT A PRICE HIGHER THAN CMP/TRADING PRICE.

Moderator/Jinnie- Sorry
jackpot-Thanks

SkDash
Lead Manager wise report not removed
go this link
/ipo/reports/lead_manager_vs_listing_gain.asp?a=42

Sreedhar ji
can we consider this ipo.
and please tell us about the listing of td Power also sir.
Thank you