Sita Shree Food Products Ltd IPO Message Board (Page 4)

hi............
This ipo is good for short term

Name       KIRI DYES & CHEMICALS LTD.
      BookBuilding
Opening Date       25/03/2008
Earliest Closing Date       02/04/2008

Price Band (Rs.)       125.00 - 150.00
Issue Amount (Rs.lacs)       4687.50 (at Lower Price Band)
Listing at       BSE
NSE
Lead Managers       CENTRUM CAPITAL LTD.,MUMBAI
Registrars       CAMEO CORPORATE SERVICES LTD.,CHENNAI

Hey thanks Mahaguru!

Exactly what I'm thinking too. In all this depressed market kind of atmosphere only the very very brave will have the stomach for this. Myself? I'll wait for the post listing price to come down below Rs. 10, then I might think about this stock.

Chale dekhte hai, kya hai is stock ki bhavishya.

Sita Shree Food Products is entering the capital market on 11m March 08 with a public issue of Rs.31.50 crores in the band of Rs.27 to Rs.30 per share. At the lower end of Rs.27 per share, issue size would be of about 116.67 lakh shares.



The features of the issue are pathetic and negative on all the fronts, and do not seem attractive from any angle. For Fy07, the total income of the company was at Rs.82 crores with PAT of Rs.93 lakh on an equity of Rs.7 crores, resulting into an EPS of Rs.1.33, which implies a PE multiple of 20 times at the lower end of Rs.27. Post issue equity of close to Rs.23 crores would not be able to shown an respectable earnings, which would enable the company to declare any dividend.



The present business of the company of flour mill is not attractive at all; where a mill on can only make profits it’s holding the stock, having bought at the time of harvest. Now the company is setting up a solvent extraction plant, of 500 TPD, with an oil refinery of 100 TPD and a flour mill of 275 TPD. It reminds us today about the olden days of 94-95, when over 20 companies from Indore region used to come out with a public issue for setting up their solvent extraction plant. As of today none of them are surviving.



Probably, the same fate would befall this company Despite the shares being issued at a price of Rs.27 do not merit even a glance. However, as it is the trend today, the promoters may indulge in short term momentum, if the issue does not get any response. Clear advice to stay away!

Who is applying these IPO in this market sentiment.

IT is not a Good IPO Dont BUY IT.

apply for this ipo good listing gain

this ipo is very good this ipo s price is 58 to 60 in short time

Sub:Sita Shree Food Products Limited IPO Information

Experts,

Can anyone, especially knoweldgable in IPO pricing exercise, comment on the pricing of this offer?.

Also please comment on the processed food grains / product business ups and downs along with future of this kind of industry for next 2-3 years.

Based on this I think I will be able to decide on applying for this IPO.

Dear Friends,
Please go ahead with this IPO. Hope positively it will give return like burnpur cement. More ever price band is also attractive.

With regards,
Shekhar

dinesh, pls read the statements clearly " Presently the Company is supplying its products to major players in retail industry".
this doesnt mean that they r associated with big brands.. they r just selling their goods at their retail outlet. you can get whatever u want at these stores, doesn't mean that their IPO is good.

guys hang on.......it is a good company..apply for listing gains.........grey market price is 10 to 12 so go for...it.......cheers....to all...

It is good to take benifit of IPO of such company which is connected with such big names in this field.

thanks tapan!!! cheers dude!!

DAMM COOL SUGGESTIONS YA GUYS..... THIS IS THE FIRST TIME I CAME TO THE SITE AND THANNNXXX FOR THE VALUABLE SUGGESTION BOUT THIS IPO.... WILL THINK TWICE BEFORE INVESTING...

I agree with Ravindra Singh. The company's stated objective for the issue is completely muddled and without direction. What exactly are they planning to do with our money???

Further reasons to avoid- wheat business is really going down, unstable markets, low profit margins at retail, most of all too overpriced. I'd stay away and buy it later from the secondary markets.

But for those of you who want to take a chance, best of luck!

1,05,00,000 shares.
30 rs cut-off price.
company targeting to absorb 31,50,00,000 rs from ipo.

taps

1 more thing to notice here is they havent mentioned the total amount to be generated from the IPO nor the lots to be applied for!!!
guys thers seriously something amiss well im thinking of some
listing gains what say frns if investing how much should i do!!!

be careful with this one. no harn in trying ur luck for 1 lot.
"Company is supplying its products to major players in retail industry " this doesn't mean that they are selling goods to them. U can just see thier products in their retail outlets. sabhi dukanon mein milti hai :)

ager invest kiya to sita kay sat vanvas bhogna padega