Somi Conveyor Beltings Limited IPO Message Board (Page 3)

somi will lost at rs.50.00 pls hold this stocktill 11.30 am it will be at rs.70 lead managesrs are very active in this stock

WHAT SOMI GMT

STOCK TO LIST AT 22 RS.SELL THIS STOCK ON OPENING.
WILL REACH 8 RS IN FEW WEEKS.NO MANAGEMENT OF THIS COMPANY.
SELL THIS IF YOU ARE LUCKY TO EXIT IN 20'S

Link for allotement
http://mondkarcomputers.com/ipo.asp

what do you mean by ngrey market premium

Mr FII, I wish to sell at 8 premium. R u a buyer.

what is G M T of somi

allot ment status

eny body tell me what is primum of somi

what is grey market premium in somi

Allotment expectation is 1000 to 1200 shares for the application of 1 lakh (maximum) in the retail category. omi Conveyor Beltings Limited IPO allotment is due on 14 - 16 July.

what is the actual grey market premium of somi

as per registrar yeh ipo finally 2.62 times oversubscribed hua hai. iska premiumm 7-/ se 8/ aur buyer khada hai

Sourced From: Concept Public Relations India Pvt. Ltd

The fixed price IPO of Somi Conveyor Beltings Ltd has been subscribed 1.92 times even when the stock markets are witnessing heavy selling pressure. The Company is manufacturing Rubber Conveyor Belts of various sizes used for industrial applications of material handling in various industries such as coal, lignite, iron ore, mining, cement, power, steel, fertilizer and sugar and it has also recently introduced food grade belts for tea gardens and salt industries.



The Company had entered the Capital markets on 24th June, 2008 with an Issue of 62,27,860 Equity shares of Rs 10 each at a fixed price of Rs 35 (including a premium of Rs 25 per equity share) aggregating to Rs 2179.75 Lakhs. The net issue to the public would constitute 40% of the fully diluted post issue paid up capital of the company. Ashika Capital Limited is the Lead Manager to the Issue.



The Company proposes to utilize the net proceeds of the issue to part finance its Rs 3509 lakh project cost. The expansion and modernization project consists of setting up of new manufacturing unit, purchase of land and building for office use, meeting margin money requirement for enhanced working capital and meet the interest cost during the construction period. The Company, earning profits since last 5 years, had commenced production with an initial capacity of 36,000 MPA and it has expanded to present operating capacity of 1,67,660 MPA. Depending upon the width of the rubber conveyor belt the capacity utilization can be stretched up to 2,00,000 MPA. Considering the potential for growth, it intends to raise production capacity to 4,00,000 MPA and also enlarge the belt width from the current 1200mm to 2000mm.

Can somebody tell me it subscribe or not?

yeh ipo 2 times subscibed hua hai as per co sources. haa isme operator intrest hain abhi saturday ko iska kaam 6 rs premium par ho rai

Chittorgarh subscribers jago!!!!! Somi ipo jise sub bakwas bata rahe they who 2 times se jyada subscribe hone ki info hai. Mumbai and ahmedabad mein banks par line lagi thee.That too on 27th when market fell by 600 points.Ab to bet laga lo yeh listing gain definately dega. So Chittorgarh experts time for introspection.Soocho!!!!!

It is another bafna. it will give you only nominal gain. it will list about 38 to 40.

sorry not 150 ,15 times

tremendous response as revealed by one cillecting bkers in jaipur and ahmedabad.i think retail will be subscibed 150 times