Sheela Foam Ltd IPO Message Board (Page 16)

56. quality | Link | Bookmark | November 24, 2016 8:14:09 AM

Mubarak
Rupees at life low 68.82..

56.1. Chem cho | Link | Bookmark | November 24, 2016 3:03:51 PM

IPO Guru (2500+ Posts, 2700+ Likes)

GOOD HOLD DOLLARS

55. Sbr | Link | Bookmark | November 24, 2016 5:57:31 AM (200+ Posts)

i think almost subscribed an ipo.

54. jdb | Link | Bookmark | November 23, 2016 8:06:19 PM

Egaleyeji pls provide of GMP of sheela foam. Are u advise to apply or not?

53. gamble | Link | Bookmark | November 23, 2016 7:11:12 PM (1600+ Posts, 3900+ Likes)

Well well ...it seems..everyone hv picked up something in mkt..

IMO This 2 upmove in mkt is good and needed(considering expiry) but not much sustainable... U will find again and again ur share''s buying value ...I.e range bound movement expected.so do not excite much ..!!!!

One can look at South ind bank in dips for good returns...!!

Available at 7PE 0.75xBV

53.1. Super Trader | Link | Bookmark | November 24, 2016 8:09:04 AM (200+ Posts, 100+ Likes)

gamble..planning to add JK bank...what is your opinion ?

53.2. gamble | Link | Bookmark | November 24, 2016 8:43:34 AM (1600+ Posts, 3900+ Likes)

Good. Upmove may strt late but limited downside from now @52 week low

52. ~~pronod~~ | Link | Bookmark | November 23, 2016 6:04:43 PM

Sheela Foam Ltd IP is an offer for sale by one of the promoter Polyflex and will be open from 29 November 2016.

51. Viraj. | Link | Bookmark | November 23, 2016 5:46:37 PM

IPO Mentor (900+ Posts, 1100+ Likes)

Sleepwell apply or not at the big Question ?
i think only one ask ans this question..
Eagleyeji..

50. a.h.mithvani | Link | Bookmark | November 23, 2016 3:55:53 PM (200+ Posts)

Muje Sheela foam Ltd ipo me ek hi Pan card me 10 lot ki application karna hai kese karna chahiye please advise

49. Super Trader | Link | Bookmark | November 23, 2016 1:39:56 PM (200+ Posts, 100+ Likes)

Septa.. i have started my purchase in HPL electric today. not bad given the book value is Rs.56

48. Nishiket | Link | Bookmark | November 23, 2016 1:22:03 PM

Any update on Laurus Labs IPO with anyone? It was supposed to be in November end?

47. ~~Tax Consultant~~ | Link | Bookmark | November 23, 2016 1:16:30 PM

No doubt company is good, consistent performer, 40 years old reputed foam based products supplier but the price band is unbelievably high...I mean 680 - 730 is too much for a 5 rupee face value share....I was expecting that this IPO will give good return to small investors but seeing the price band, I am feeling other way. We have to study the reason behind the logic of lead bankers to set such high price...Wait and see two days subscription status...response of QIBs and HNIs, then take a call to subscribe an IPO...

46. Nishiket | Link | Bookmark | November 23, 2016 12:08:34 PM

Any update on Laurus Labs IPO with anyone? It was supposed to be in November end?

45. Keeler | Link | Bookmark | November 23, 2016 11:38:27 AM

The ipo is an avoid imo. The pricing is very high 32x trailing and 30x 1 year fwd pe.

Mattress is not an aspirational product, also it is bulky and freight charges are high.

Currently raw material prices are at rock bottom as a result the margins have gone from 5.5% in 2013 to 11% in 2016. These are not sustainable. ALso sales growth is going to be linear.

the drhp predicts 11-13% growth for organized mattress industry, Sheela being market leader cannot gwo very diffierent from the industry for a long time.

The australian business has no growth. That leaves us with furniture and industrial business, building in 12% cagr in these i get an eps of 23.2, 25.2 and 27.2 in fy17,18 and 19

45.1. Arijit | Link | Bookmark | November 23, 2016 12:17:38 PM

You are spot on, 30plus ka pe bahut jada hai for a company jiska growth bahut moderate hai, aur bahut sara competition hai non branded retail manufactures se, organized matress share se jada unorganized ka market share bahut jada hai. Aise businesses mein net profit margins future mein kam hi hoti jayegi.

44. Arijit | Link | Bookmark | November 23, 2016 11:19:20 AM

Market cap @ 680 = 3317 Crores

Market cap @ 730 = 3560 Crores

Standalone Profit 90Cores & Consolidated Profit 104Crores - FY2016

Agar 10% ka profit increase estimate liya jaye:

Standalone Profit 99Cores & Consolidated Profit 115 Crores - FY2017

Fir to P/E comes to more than 32 for FY2016

& 30 for FY17

43. Eagleye | Link | Bookmark | November 23, 2016 10:55:07 AM

IPO Guru (6600+ Posts, 21900+ Likes)

Sheela Foam IPO

EPS for Mar''16 is 21.48 & for Sept''16 is 13.52

RoNW for Mar''16 is 30.96 & for Sept''16 is 16.30

NAV for Mar''16 is 69.38 & for Sept''16 is 82.95

Considering the EPS for Septâ€™16
@680 >>> PE is 25.15
@730 >>> PE is 27.00

Load more comments (3 replies)

43.4. Mandarr | Link | Bookmark | November 25, 2016 6:36:57 PM

Eagleeye - First u said the Price Band will be 377 - 418 & PE = 17.50 - 19.50.

Now after price band is declared you are saying the PE is

@680 >>> PE is 25.15
@730 >>> PE is 27.00

The actual PE is not less than anywhere between 30-33. Please do not post misleading information, not doing justice to the reputation I heard about you on the forum.

Below are your comments:

9. Eagleye Nov 19, 2016 12:12:48 AM IST | I Like It. 18 | Report Abuse
Sheela Foam IPO

HOS: Price Band will be 377 - 418
avatar
9.1. Eagleye Nov 19, 2016 12:21:58 AM IST | I Like It. 8 | Report Abuse
Thus,

PE = 17.50 - 19.50
avatar
9.2. Eagleye Nov 19, 2016 12:23:53 AM IST | I Like It. 3 | Report Abuse
IPO is 100% OFS by promoters (there is no Private Equity investor)

43.5. ~~pratik sonar~~ | Link | Bookmark | November 27, 2016 8:57:28 PM

Dear eagleye ji, invite you to join our watsapp group of chittorgarh. we discuss ideas and ipo and contribute knowledge. we collectively invest. it is a very humble and interesting group. you are cordially invited to jon us. text me on 7 0 6 3 6 7 4 3 8 9- pratik

42. Septa | Link | Bookmark | November 23, 2016 10:39:37 AM (4000+ Posts, 4600+ Likes)

Few stock I have picked in this correction
HCL INFOSYS
RS SOFTWARE

both play on cashless economy

ARVIND MILL
WELSPUN INDUSTRY

BOTH EXPORT AND TEXILE PLAY

ICICI BANK
SBI BANK
FEDERAL BANK
WILL HAVE GOOD PLAY

DILIP BUILD
JET AIRWAYINDIGO
HUL

Load more comments (6 replies)

42.7. Nalin Saini | Link | Bookmark | November 24, 2016 6:28:39 PM

Septa Sir,
any reasons for selecting RS Software? It looks weak on charts + making loss in last four quarters.

42.8. Septa | Link | Bookmark | November 24, 2016 6:55:29 PM (4000+ Posts, 4600+ Likes)

Its cash balance is more then it market cap. It is only player in Indian market which have expertly in unique payment platform

The company before had only one client visa which restricted them having more clients the management came out of this contract with a goal to leader in Indian online payment ecosystem

If all come we''ll it will be very big wealth creator

41. InvestErr | Link | Bookmark | November 23, 2016 10:01:27 AM

Looks like it will be difficult to "Sleep - Well" on any mattress after applying to this issue in the current scenario.

Load more comments (2 replies)

41.3. Khemka | Link | Bookmark | November 23, 2016 10:44:32 AM (1000+ Posts, 400+ Likes)

Curl-on is market leaders in fact .

41.4. InvestErr | Link | Bookmark | November 23, 2016 10:58:13 AM

Humor apart, I said the issue would have been good at price band less than 500 in my first post on Sleepwell. With price above 730 very minimum will be left for investors.

Kurlon has market share of 750Crores of overall 4000 crore branded mattresses business in india, where as Sleepwell is double ~1600 crores. So though not 50% but close to 40.

http://www.business-standard.com/article/companies/kurlon-nearing-much-delayed-funding-113030300374_1.html

40. ~~IPOANALYSIS~~ | Link | Bookmark | November 23, 2016 9:53:54 AM

Waise bhi chk karo recent saste ipo bhi fail hogaye pnb housing and sme agro phosp. Hasi aati hai sleepwell ko opo laate hue is price par. Khair logon mein akal hogi toh boycott karenge par bahut saare bakre mil jaate hain. Retailers also applied in green pharma. Listing ke baad jab logon ka paisa aadga reh jayega tab sleepwell ka malik hasega

39. PearlRohit | Link | Bookmark | November 23, 2016 9:43:13 AM

Top Contributor (200+ Posts, 100+ Likes)

LAGTA THA KI EK POPULAR BRANDVALI COMPANY KA ACHCHHA IPO HOGA
PAR OFFER PRICE DEKH KE LAGTA HAI KI VAT LAG GAYI

38. PearlRohit | Link | Bookmark | November 23, 2016 9:40:47 AM

Top Contributor (200+ Posts, 100+ Likes)

CLEAR AVOID KARO.
ACTUAL OFFICER PRICE RS. 1460 (CALCULATE FACE VALUE RS. 10)
ITNI HIGH PRICE JB STOCK MARKET DOWN HOTA HAI YA TO FIR
COMPANY 1 HI QUARTER ME BAD RESULT DETA HAI TAB OFFER PRICE
KE KAFI NICHE CHALA JATA HAI.
SO TAKE CARE. AND AVOID IT.

38.1. Share View | Link | Bookmark | November 23, 2016 10:57:39 AM

IPO Guru (1300+ Posts, 3200+ Likes)

Yes , its very high price 1460 for 10 rs share

Nothing left for us

37. PearlRohit | Link | Bookmark | November 23, 2016 9:36:55 AM

Top Contributor (200+ Posts, 100+ Likes)

VERY VERY HIGH OFFICE PRICE. VERY COSTLY PRICE.
FACE VALUE RS. 5 THAT MEANS
ACTUAL PRICE RS. 1460.00 (IT VERY COSTLY)
EN LOGO NE INVESTERS KO SAMAJ KYA RAKHA HAI.