Technofab Engineering Ltd IPO Message Board (Page 20)

Buy Hind moter target 124, 3 very large co.s and waran bufet fund in the race of buying this co. Fair value more than 150 co. Has a very large land bank value about 15000 carors.

IPO KING 27
PL JUSTIFY WHY TO AVOID PL DO NOT GIVE LOOSE COMMENTS

avoid this ipo ...................

financials not given ?

This is an class company with very excellent management. Into the niche areas of Balance of Part, waste water , nuclear power etc. This IPO is not for ppl looking only at listing gains but also for long term super growth. Gammon holds 15% stake in this company.

Looking at the market cap of around 255 crores during listing the pre money valuation would be close to 185 crore,i.e, (255-70 ipo money) which is 9.8 times its F.Y.10 PAT of 19 crore and less than 8 times PAT of F.Y.11 on fully diluted basis.
Go for this IPO blindly and be a true investor, another sadbhav engineering in the making.

yeh ipo sabka baap nikelega. apply for it.

BROKER WERE TRYING TO INCREASE THE PRICE OF RELIANCE ON NEW OF BOTHERS TOGETHER BUT NO PROPER NEWS IN AGM RELIANCE IS DOWN IT S HIGHLY PRICED AT RS 1060 LT IS SLOWLY RISING ANY SCRIP WHICH RISES SLOWLY EVERY DATE RICHES HIGH BUT WHAT IS HIGH OF LT I FEEL RS 2000 IT IS NOW TO THE PREVIOUS HIGH OF RS 3600 CUM BONUS AFTER TWO YEARS IT HAS COME TO PREVIOUS PRICE

ASTER SILICATES LTD ISSUE PRICE RS 112-118 FOR RS 53.10 CORES
FUNDS REQUIRED FOR EXPANSION OF MANUFACTURING FACILITIES AND ADDITIONAL WORKING CAPITAL REQUIREMENT
ISSUE OPENS 24JUNE ISSUE CLOSES 28 JUNE
CASH FLOW IS NEGATIVE 624.45 LAKHS MARCH 2009 AND NEGATIVE RS 298.19 LAKHS AS ON SEPT 2009
PROFIT 31/03/08 RS 65.79 LAKHS 31/3/09 RS254.91 LAKHS AND AS ON 30/9/09 RS232.20
THEY MANUFACTURE SODIUM SILICATE WHICH IS AN INTERMEDIATE PRODUCT FOR PERSONAL CARE INDUSTRIES. SODIUM SILICATE FINDS ITS APPLICATION IN TOOTH PASTE ,GELS, WASHING POWER,SOAPS ETC,

Can some1 tell me abt Technofab IPO... hws the company legal standing in india and abroad.. ??. please help..

NEW I P O

Aster Silicate ltd

open 24 june to 28 june

.

What is Behind the IPO Noise

Global troubles may dent the primary market which is already suffering from a lukewarm response from retail investors while institutional investors have to comply with the Sebi requirement to pay the entire bid amount while applying for an issue, making it tough for IPOs to attract full subscription.

Euro zone crisis dented the sentiment in the primary market for the time being. Foreign institutions are reluctant to bid on the first two days of an IPO (which remain open for three days) because of currency risks, and also because the money would be locked up for those extra days.

Don’t go by the investment banker. An investment banker fixes prices based on demand-supply mechanics rather than the actual value of the company. Oversubscription is not an indicator of listing price. Many investors could come at the same time to sell in the market, which triggers a fall.

Earlier, the opportunity to make money at listing was much higher. But the dynamics have changed completely. Now, it’s for the company to decide at what price it wants to sell its shares, and investors should always keep in mind that promoters will try to make the most of the issue. So, an issue can be slightly mispriced, but it certainly can’t be cheap.

There is no point in blaming either the investment bankers or the FIIs. People would put in money only if they see a good profit opportunity. That’s true for retail, that’s true for institutions.

Most companies may be in a wait and watch mode. As far as small issues are concerned, the new changes like 100% upfront margin may not have much of an impact as most of the institutions place their bids on the last day only.

Going ahead, promoter expectations will have to be tempered. The unanticipated softness in the markets since March will act as a brake on unbridled pricing expectations. Even the government will be on the back-foot with its divestment plans as they will have to offer a reasonable valuation for investors so that it leaves them with decent returns. But given that there is keen institutional interest, and promoters and merchant bankers have rarely played ball in the interest of retail investors, the possibility of lucrative offerings seems remote.

issue pricing around Rs250 is sound very high considering fundamental statistic. However can't say about listing gain

100 % good ipo we will get return at least 15 % apply for this ipo

Dear Natarajan,
Its 3 million shares for raising 700-750 million.So price range will be 240-250.

Dear Sreedhar,
Raising 750 million by selling 30 million shares at a price of 250...? Some figure in this should be wrong. Could not be the price, but either the amount to be raised or the number of shares to be sold.

IPO GO BACK SAME LIKE AS FATPIPE

despite cautions on this site i bought 200 goenka dimonds which is running more than 40% below of issue price.i dont know what to do?any suggestion

Hi Gem IPO Finder,
I thought u engaged in some other work.......

Gem... Good to see you back in action... Do enlighten us on technofab...

Dear GEM,
Welcome back.So as I had expected you were busy with the exams.So which SUV did you buy?I have given my analysis on Technofab.Emerging India focus fund is an investor in Technofab.