Sheela Foam Ltd IPO Message Board (Page 18)

Sreedhar R
17. Sreedhar R |   Link | Nov 21, 2016 11:02:38 AM
A strengthening US dollar and rising US bond yields continued to ruin markets amid fears that Trump would accelerate fund outflows from emerging markets.
Deutsche Bank has just cut its Sensex target from 27,000 from 25,000.
17.1. IPOANALYSIS |   Link | Nov 21, 2016 8:27:04 PM
Sreedhar R, i dont agree global factors or trump win is a factor.

please check all global stock markets including ASIA is doing well excluding India only.

what has been done is destroy of investors wealth in 5 days heavily and no comments coming in from anyone.

so, it is only India and reasons we all know that caused damage as this did not go systematic way.

still feel raghuram Rajan has being doing great Job and deserved to be the RBI governer instead of Urijit Patel.

this is all politics being played but how would anyone explain when all investment is going down in India only which is disastrous.

i hope few steps is taken quickly else this would cause huge pain.

16. Khemka |   Link | Nov 21, 2016 10:51:14 AM (1000+ Posts, 400+ Likes)
Already warned early ~~

22. Khemka Nov 12, 2016 10:59:28 AM IST Reply
GreenSignal Bio Pharma Ltd IPO

Red signal seems given by trump victory and currency crunch, market can crashed unexpectedly soon .forgeting IPO till new year not bad.

View in a social media ~~

9 days ago
Day trump win declaration,worlwide crashed and panic to be seen.......
Share View
15. Share View |   Link | Nov 21, 2016 9:58:35 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
This issue might have postponed.

Co. consult the merchant bankers once again
bangalore king
14. bangalore king |   Link | Nov 21, 2016 12:05:15 AM (400 Posts)
Shareholders can subscribe to the rights issue of Karnataka Bank, the price for which has been fixed at Rs 70 per share. Open until November 21, the issue of shares will be done in the ratio of 1:2 — one rights share for every two held by the shareholders.

Though the bank has seen sluggish growth in loans over the last two to three years and has also had to deal with rising bad loans, prospects over the long run appear sanguine.

The price of the rights issue is at a huge discount to the current market price of Rs 121 (ex-rights). If the price holds up, there is scope for immediate gains. But that’s only the icing on the cake.

For long-term investors, the bank’s earnings trajectory and growth prospects should be the deciding factor for subscribing to the rights issue.

In this regard, the bank’s strong regional presence, conscious decision to cut back on corporate credit, increased focus on retail loans and stable margins augur well for its earnings outlook over the next two to three years. At 0.7 times the one-year forward book, the stock trades in line with its three-and five-year average.

Compared to other regional banks such as South Indian Bank (0.7 times) and Federal Bank (1.4 times), the stock is attractively priced. Pick-up in earnings on account of easing asset quality pressure and improving credit growth can see the stock re-rate over the next two to three years.
14.1. RAJA HINDUSTANI |   Link | Nov 22, 2016 7:15:04 PM
But Why have they Extended ? Is it under subscribed ??
13. HChandra |   Link | Nov 20, 2016 8:53:22 PM
Grey market activities are illegal and punishable under Benami Property Transactions Act, 1988 for imprisonment upto 7 years. It is applicable for both movable and immovable properties which can be confiscated under Benami Property Transactions Act, 1988
13.1. ROYKOLKATA |   Link | Nov 20, 2016 11:53:54 PM
thanku for this GYAN
12. Pallavi |   Link | Nov 20, 2016 1:31:34 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Sheela Foam Ipo
29 Nov - 1 Dec (tentetive)
500 Cr
11. a.h.mithvani |   Link | Nov 20, 2016 12:08:37 AM (200+ Posts)
Ye ipo most he
11.1. a.h.mithvani |   Link | Nov 20, 2016 12:10:34 AM (200+ Posts)
Sleepwell'' co eyes Rs 500 crore IPO
Jul 28, 2016, 07.14 PM IST
MUMBAI: Successful listing of a string of consumer-facing companies in the recent past is attracting more such companies to go public. Sheela Foam, the maker of Sleepwell mattresses, is eyeing a Rs 500-crore IPO and is set to file with Sebi in the next few days. Other consumer-facing companies which are also looking at IPOs include Delhi-based Varun Beverages, one of the largest bottlers for Pepsi in India, PNB Housing Finance and ICICI Prudential Life Insurance.
Telecom major Vodafone India is also planning its IPO.
No exchange of notes for other-bank customers tomorrow; senior citizens exempted
18 Nov 2016, 20:29
You may be prosecuted if you allow your bank account to be misused: Govt
18 Nov 2016, 16:16
Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market
18 Nov 2016, 16:48
Is there shortage of Rs 100 notes? SC questions cut in exchange limit
18 Nov 2016, 14:06
Using indelible ink reduced queues substantially, says IBA chief
18 Nov 2016, 08:07
Pakistani claim of blocking Indian submarine a ''blatant lie'', says Navy
18 Nov 2016, 18:56
Apollo chief explains why Tamil Nadu CM Jaya is still in ICCU
18 Nov 2016, 14:19
Chris Martin: We are greedy to play a full concert in Mumbai
18 Nov 2016, 09:19
Rupee ends at 9-month low, at 68.13 against dollar
18 Nov 2016, 18:44
Complex trauma to keep UP Information Secretary in hospital for 4-6 weeks
18 Nov 2016, 21:51
Merchant banking sources say successful offerings from companies like Mahanagar Gas (Rs 1,040 crore), Indigo (Rs 1,270 crore), Dr Lal Path Labs (Rs 638 crore), Narayana Hrudayalaya (Rs 613 crore) and Coffee Day Enterprises (Rs 1,150 crore), which runs the Cafe Coffee Day chain, is prompting several other such enterprises to go public.

The promoters of Sheela Foam are planning to dilute 15% of its equity capital for Rs 500 crore, translating to a valuation of about Rs 3,000 crore. Currently, the company has 12 manufacturing facilities and exports its products to 25 countries across the world. Other than mattresses, it also manufactures polyurethane foams for various industrial applications like automotive, sound proofing, garment and shoe manufacturing.
In the competitive market, unless one avails the opportune time and talent, everything is lost. It is better to gain by selling their stake, the MNC corporates are always on the prey !

Godfather Senior ye ipo most he
Share View
10. Share View |   Link | Nov 19, 2016 2:15:48 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Anybody knows the exact Issue opening & closing date ?

Thank You
10.1. Eagleye |   Link | Nov 20, 2016 12:01:26 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
not yet announced
9. Eagleye |   Link | Nov 19, 2016 12:12:48 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
Sheela Foam IPO

HOS: Price Band will be 377 - 418
9.2. Eagleye |   Link | Nov 19, 2016 12:23:53 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
IPO is 100% OFS by promoters (there is no Private Equity investor)
9.3. InvestErr |   Link | Nov 21, 2016 3:08:20 PM
Mam - I think you have based the issue price on the fact that promoter Polyflex Marketing Pvt Ltd is entirely off loading its current stake of 27% (~1.35Cr shares) where as my thinking was only 15% of the currently issued shares (of 4.878) are on offer for sale at around ~700 a piece, based on ET.article I came across.

However I really wish you are correct as the price of 377 sounds very good for this ipo.
Parth Raj
8. Parth Raj |   Link | Nov 18, 2016 5:00:39 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Good ipo in bad market..
7. VALUE INVESTOR |   Link | Nov 18, 2016 6:05:38 AM (900+ Posts, 600+ Likes)
Why face value is 5 Rs?
Uchit Patel
6. Uchit Patel |   Link | Nov 17, 2016 10:16:48 PM (500+ Posts, 1500+ Likes)
It looks like balance sheet is cooked up with good no. for year 2015-16 just for IPO. Though revenue increase is same as previous years but profit increases 3 times in 2015-16.

Need to study detailed draft and accounting books to find reasons of sudden increase in profit for 2015-16.
Mr. Singh
6.1. Mr. Singh |   Link | Nov 19, 2016 11:08:27 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
May be due to fall in price of raw material (Crude oil)
Uchit Patel
6.2. Uchit Patel |   Link | Nov 19, 2016 11:43:36 PM (500+ Posts, 1500+ Likes)
Crude oil is trading low since year 2014-15. Also very small portion of petroleum is used as raw materials in products. This is not going to increase profit 3 times.
Tax Consultant
5. Tax Consultant |   Link | Nov 17, 2016 4:35:20 PM
It will prove to be the fantastic IPO....fundamentals of this company is very strong...eagerly awaiting this IPO ...
5.1. ANIL VERMA |   Link | Nov 17, 2016 7:58:42 PM
Face value of shares being issued is Rs.5.00. People should keep in mind this point in mind while applying. Let us see what price band is fixrd by the company.
4. InvestErr |   Link | Nov 17, 2016 1:35:49 PM
Company plans to offload 15% of the overall 4.878 crore shares issued at 510 Crore, so the offer price will be close to INR 700 - 680 at asking PE ~33.

Good fundamentals, strong balance sheet without major loans, healthy cash flows Statements, overall fundamentals and outlook for the sector is ok. Looks like curret market leader with close to 40-50% market share in the organized indian mattress market.

Net profit for the single year 2016 grew 3 times to 94 crore from 34 crore in 2015 (standalone P&L), however took them 4 years to reach from 8 Cr profit to 34 crores.

Chief promoter Sheela Gautam had been Loksabha MP for 4 terms (BJP),daughter of freedom fighter late Mohan Lal Gautam.
4.2. ANIL VERMA |   Link | Nov 17, 2016 8:09:03 PM
If price band for shares of face value of Rs.5.00 is fixed @ Rs.680-700, it means price band of Rs.1360.00-1400. It is astonishly high. I hope who apply for this issue and are allotted shares will end up in loss. See the IPO of Green Signal which has not been able to sail through even aftrr extending it by three days. It has been extended by three dayd more i.e upto 22nd Nov.16 and price band hasbeen reduced. I feel it will not sail through even at reduced rate.
4.3. InvestErr |   Link | Nov 18, 2016 10:53:42 AM
Posted reply in wrong thread:

Face value can be INR 1, 5 10, this wont affect the issue price which should be close to 700. Only impact of reduced face value will be on the Equity share capital in balance sheet which will be halved than if face value was 10.

For a company which has grown at 10-11% and expected to stick to the same rate, P/E of 33 looks high, may be they are banking on the fact there are no listed competitors and they are the first one to be listed.
3. a.h.mithvani |   Link | Nov 17, 2016 8:50:41 AM (200+ Posts)
Sheela foam Ltd ipo bharna chahiye please advise
3.3. ANIL VERMA |   Link | Nov 17, 2016 8:14:06 PM
Yes, its fate will be like Green Signal IPO.
3.4. InvestErr |   Link | Nov 18, 2016 10:52:13 AM
Face value can be INR 1, 5 10, this wont affect the issue price which should be close to 700. Only impact of reduced face value will be on the Equity share capital in balance sheet which will be halved than if face value was 10.

For a company which has grown at 10-11% and expected to stick to the same rate, P/E of 33 looks high, may be they are banking on the fact there are no listed competitors and they are the first one to be listed.
Share View
2. Share View |   Link | Nov 17, 2016 8:03:44 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Sensex may go below 24000

Nifty 7700

FIIs selling pressure is huge

DIIs Fund Value erosion will impact MFs & industry as a whole

Share View
2.2. Share View |   Link | Nov 17, 2016 10:14:44 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Price may be around 500 in this bearish climate.

If < 500 , Listing gain possible.
Share View
2.3. Share View |   Link | Nov 17, 2016 10:27:50 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Sleepwell is considered as a luxury brand.

will impact purchasing power of the mass due to demonetisation , which in turn to the company also.
1. IPOANALYSIS |   Link | Nov 17, 2016 1:06:31 AM
Congratulation MR FM.

Pakistan market near all time high and indian stock market now near 52 week low.