Samvardhana Motherson Finance Ltd IPO Message Board (Page 1)

Indian rating agencies miss guide retailes only foren agencies 100% correct. Look 5/5 rating MOIL ,L&T FIN,MCX, trading in huge discount.

sebi shoud check how icra given 4/5 rating to issue and if any thing found wrong then action should be taken against icra

I am surprised to read such naive comments. People should know that credit rating and SEBI has nothing to do with the pricing. SEBI only checks/questions the contents of the offer document. They dont confirm its contents. Most of the time SEBI is not aware of the pricing. Similarly, credit rating agency comments on the strength of the business, product and management among other things.

Its really sad to read such naive comments from regular readers and investors in the IPO.

Condition of govt. And govt. Companies are very veak past psu ipo/fpos are trading upto 70% discount. NBCC,NHPC,NTPC,ONGC,PFC,MOIL,SJVNL,PTC FIN,P&S BANK,SHIPING CO,ENGINEARS INDIA,think 100 times before investing in any PSU IPO/FPO.

HAI EVERYBODY,

PEOPLE HAVE DONE JUSTICE TO THIS ISSUE. RIGHTLY GIVE A LESSON TO OTHER
COMPANIES THAT OUR IS A HARD EARNED MONEY. BUT SHAME TO THE SEBI
OFFICIALS WHO HAD HELPED THE COMPANY IN FIXING SUCH A HIGH PRICE WHICH
DO NOT MATCH ANYWAY THE FINANCIALS OF THE COMPANY.

THANK YOU FOR AVOIDING THE ISSUE.

You have to understand that SEBI doesnot have any role to play in fixing the issue price. SEBI will only check company credential. Investors decide the what should be the price of the issue. If we think the the price is not right or overpriced, its simple one should not apply...as happened in case of motherson. We should not blame our failure on others.

Imagine SEBI guarantees an IPO doesnot go below issue price, then every tom dick harrys of the world will sell their house put the money in stock market!!! which none of us want!!!!!!

i think merchent banker sets the issue price and sebi officiel passes it .

Plastene India , a manufacturer of jumbo bags and BoPP woven sacks, is launching its initial public offer of 92,55,290 equity shares of face value of Rs 10 each on May 9, 2012, with a price band of Rs 81-84 a share. The issue comprises of employees' reservation of upto 55,290 equity shares.

The company aims to raise around Rs 74.97-77.74 crore via public issue, by diluting 25.89% stake in the company. One can apply for minimum 75 equity shares and in multiples of 75 shares thereafter.

Plastene intends to expand manufacturing facilities of jumbo bags and BoPP woven sacks at its existing units at Nani Chirai in the Kutch district of Gujarat and at Rajpur in the Mehsana district of Gujarat. The company also intends to venture into manufacturing of new product called as block bottom valve bags used for packaging of cement, pharma food grains etc.

Equity shares are proposed to be listed on the BSE and National Stock Exchange. The issue will close on May 15, 2012.

Motilal Oswal Investment Advisors Pvt Ltd is the book running lead manager to the issue.

Look -PFC,NBCC,NHPC,NTPC,SJVNL,MOIL,NMDC,P&S BANK,SHIPING CO.,ENGINEARS INDIA,SJVNL,PTC FIN,ONGC all are navratan/maharatan 4,5 rating PSU but trading upto 50% discount about 90% 4,5 rating stocks are trading in huge discount it indicate any thing is wrong in indian rating agencies.

Plastene India Ltd 9th May-15th May

The issue size is very large , that is the main reason of under subscripton. It could have been subscribed 0.60 till end .See the QIB figures ,it is not so bad considering the size of the issue. If the issue size is around 150-200 crore , the issue could have beeen 3-4 times over subscribed.
It is not a bad company and no complaint against te rating agency. I will blame the failure to issue size only which is extremely large

if price 30 then issue size reduced 400 cr

Dear All,

Mothersons failure today is the gain for all retail investors. had u applied and this got subscribed, u would have lost heaviely. Good that each of us made money(saved money) today.

Once again let me congradulate all. If we use our brains, we dont have to blame SEBI/operators. Most of the time V blame our failure on others.

Best regards

Ek company aur bhag gai ,ab 4,5 rating daynay wali indian rating agencies ki what lagnay wali hi.

this IPO has raised serious concerns over ICRA , how can they give grade 4 to a lossmaking company....

Confirmed news... IPO has been withdrawn.

No interest from investors. 23.3% at 4.45pm. Dates will be extended or price band will be reduced. Even TBZ was subscribed higher number of times. Not going well for motherson group.

Issue subscribed around 0.23 times 4 PM. Either date will be extend innext 1 hrs or it will be withdrawn.....its all as expected :(

SUPER FLOP ISSUE
QIB=0.4816
NII=0.0072
RII=0.0146
EMP = 0.0022
TOTAL = 0.1925

The loss that is appearing includes Rs 67 crore which is a one time right off of the acquisition cost of Peguform and almost about Rs 70 crore of mark to market loss. Looking at the growth chart of motherson, one must aaply for shares. Gwoth is guaranteed.

Hi All,
In current scenario, its even wastage of time to talk about such ipos.
There is only 100% risk in these issues. No chance of gains.

Talking about such types of IPOs is not a wastage of time.

After good discussions , we are able to avoid these types of IPOs.

From the very first day , I was highlighting the loss of 152.9 crore.

You didn't get my point. Even dicussion abt these ipos shd be avoided.
Why to waste your precoius time in discussing useless ipos.

TAKE AN MISS NOT WORTH APPLING LOSS MAKING AND GRADE 4 IT IS REALLY GRADE LESS TO APPLY

I have decided Not to apply for samvardhana IPO for the reasons mentioned in my previous post.

For those applying, I wish good luck!!!

Real Price band should not be more than 55 to 60. Avoid it.