Precision Camshafts Ltd IPO Message Board (Page 54)

Precision Camshafts Ltd

Issue opens 27th January
Issue closes 29th January

Anchor 25th January

Price band to be announced soon

Issue Size 400Cr.

http://www.business-standard.com/article/markets/it-s-chilly-but-companies-fire-up-ipo-plans-116011800753_1.html

parag has also reduce the issue size ealier was looking at 1200 cr the grapevine is that this is reduce to 1100 cr putting the market cap close to 4000 c ( BTW this guesstimate so i could be completely wrong) but if this is right then man it is expensive NP is only 27 Cr... better option is available in the market let see what price

even if profit grows to 40% even at 2018 NP will only 74 cr even with that growth 2018 PE will be 54 madness btw lets not jump the gun let see what price band it will come out

then again 200 PE narayana was over subscribed 8 times and who applied got 30% return.. so as some one said before market price is not based on fundamental but rally..... now the rally is blood shed will see blood shed in IPO

earlier they planed a 450 cr ipo cut to 250 cr however the news is parag milk will hit first looking at prabath presently trading below issue price will be hard issue. however with this blood bath which will go for at least few more days given margin activation..... so cash would be king... and the market will be priced at 13 PE or less which is good....

Haha no matter how much they price tgis stock will be hammered in this market condition. They would not hv guts to come with 240 cr issue. It appears too expensive in this market cap. It will defintely not be subscribed. It will bw called of