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Titagarh Wagons Limited IPO Message Board (Page 9)

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23. invest smartly |   Link |  Bookmark | March 19, 2008 3:36:26 PM
it's very costly issue, & nobody's able to predict, so just wait n watch, where market goes........
22. JIGNESH THOBHANI |   Link |  Bookmark | March 18, 2008 11:55:04 PM
primary market investors are fortunate that they are getting such an ipo at this stage of market,you will be alloted shares liberally and it will result into monetary gains

surely,

so simple,invest in this ipo
21. Sunit Sethia |   Link |  Bookmark | March 18, 2008 6:22:05 PM
This is very good company. We should apply this IPO because there would be a huge institutional demad for this IPO. One should apply this IPO for listing gain as well as for long term perspective.
20. Shubhra Sankar Ray |   Link |  Bookmark | March 18, 2008 4:53:31 PM
My suggestion to everyone is to avoid Titagarh wagon and Kir dye and invest your money in Rural Electrification Corporation as it is now available at IPO price of Rs 105.
19. Gurinder Singh |   Link |  Bookmark | March 18, 2008 2:33:12 PM
One must enter it. It will give atleast 15-25% listing gains. It is time to invest not to runaway from the market. Be a mature investor.
18. ravi |   Link |  Bookmark | March 18, 2008 1:09:44 PM
This is very good company (ipo),but price band is very cost(540 to 610).
17. Rajesh Guru |   Link |  Bookmark | March 17, 2008 3:33:42 PM

Highly overpriced..

avoid...


16. Naresh |   Link |  Bookmark | March 16, 2008 10:57:07 PM
Calcutta-based Titagarh Wagons Ltd has wooed prominent private equity players in the run-up to its forthcoming initial public offering (IPO).

The last one to join the wagon maker was Blackstone, which picked up a 1.43 per cent stake for $4 million (Rs 16 crore) on February 26.

The issue, which opens on March 24, has been priced at Rs 540-610 per equity share.

The Blackstone deal was preceded by the entry of JP Morgan, which invested Rs 610 per share. It holds a 5 per cent stake in the company.

GE Capital International has made the biggest investment in the company. It picked up a 15.5 per cent stake for about Rs 130 crore in the middle of 2007.

Managing director Umesh Chowdhary defended the pricing of the issue despite volatile secondary market condition.

“Top notch global investors have invested in Titagarh Wagons at a price similar to what is being offered to the public. There is no reason to worry,” he said.

The company also has investments from ChrysCapital, GMO and Emirates Trading Agency.

At the higher end of the price band, Titagarh’s share will have a price earning of 18 considering its earnings in 2007-08.

The company plans to raise Rs 129-145 crore to set up an EMU coach manufacturing facility at the Uttarpara unit, modernise and expand the existing facilities at Titagarh and Uttarpara and acquire a 51 per cent stake in Cimmco Birla.
15. ddm |   Link |  Bookmark | March 16, 2008 10:59:28 AM
if eps for0708 post ipo is 25 then pe ratio is high,at this pe u get ril dirt cheap,L&T PE IS 30.so give athought
14. ddm |   Link |  Bookmark | March 16, 2008 10:54:22 AM
ipo is good but priced high.if economy slows in 08-9&09-10 then requires rethinking
13. RAKESH |   Link |  Bookmark | March 15, 2008 5:05:13 PM
GOOD IPO BUT LISTED AT VERY MARGINAL PREMIUM & GOOD FOR LONG TERINVESTORS
12. Mr. Premium |   Link |  Bookmark | March 15, 2008 4:46:01 PM
GMP has jumped to Rs 725
11. Mr. Premium |   Link |  Bookmark | March 15, 2008 4:45:06 PM
Demand in grey mkt is as high as reliance power..
10. sanjaypatel |   Link |  Bookmark | March 15, 2008 4:44:51 PM
TITAGARHWAGON IS THE BEST IPO. THE GMP IS 420/. ONLY.
9. janaklal |   Link |  Bookmark | March 15, 2008 3:56:48 PM
this ipo is very costly.
8. Mr. Premium |   Link |  Bookmark | March 15, 2008 1:47:09 PM
Dr. Mr Sanghvi.

Premium in grey market is around 300-350 rs... selling like hot cakes...
7. Surinder kumar |   Link |  Bookmark | March 15, 2008 1:19:39 PM
IT is a very good IPO.Long term investors should not miss it.Stock market is bound to bounce back sooner or later.
6. Sanghvi |   Link |  Bookmark | March 15, 2008 12:46:53 PM
Titagarh is good ipo; please let me know the premium in the mkt
5. Harshdutt |   Link |  Bookmark | March 15, 2008 11:01:53 AM
Every things of company is very good but currant market scenario Public Issue Price: Rs 540/- to Rs 610/- is high. Please think before apply.
4. subhash |   Link |  Bookmark | March 14, 2008 10:52:31 PM
SIZE OF ISSUE IS VERY SMALL / MARKET IS VOLATILE / TAKE DECISION ON LAST DAY /