Vaswani Industries Ltd IPO Message Board (Page 29)

good ipo it will give 20% return.........

WILL VASWANI's FUND USEFULL FOR PFC ? I ALWAYS SELL APPLICATIONS IN GREY MARKET VASWANI IS GETTING SOLD FOR 2400 AND PFC IS 3600. I WAS THINKING TO DEPLOY ALL MY CAPITAL IN KOSTAK FIRST IN VASWANI AND THAN PFC. CAN ANYONE GUIDE ME ON THIS.

THANK YOU

Correction, the hni quota is 10 times by now..

The hni play big game in this ipo,. So they may cancel there form at last moment,. I see so many this type of IPO. So be careful, .i suggest to avoid it and apply in Sanghvi Forging IPO which open on may 4.

Listen Tulsiyan. :-)


We’ll draw attention to the issue opening date - Since SEBI guidelines require updating IPO prospectus with audited statements, not more than 6 months old from issue opening date, the company is presenting financials upto 31st October 2010 and opening the issue on 29th April 2011, the last working day of April. Had the issue not open on 29th April, company would be required to file audited financial statements again with the regulator, delaying IPO process further and missing the bus to cash-in on the current positive sentiment in IPO market.

We have been repeatedly warning our viewers and the investor community at large, against highly-manipulated IPOs being undertaken by promoters in nexus with several intermediaries to trap gullible retail investors. Vaswani Industries is another such issue (also being managed by Ashika Capital known to be active in such acts) and there is nothing compelling in the company, which calls one to park their money in it, even for momentum gains, if any.

At the upper end of price band at Rs. 49, company is offering shares in the primary market at PE multiple of 14.3x, which is irrational and unjustified, given its small size, low capacity utilization and poor financial.

A clear avoid on fundamentals!

6 times in HNI first day !

God knows what's going on ?

Latest Grey Market Update:
Muthoot Finance "Premium" 05-10 Rs "Exit On Listing Day"
Future Venture "Discount" Listing Might Happen @8 rs (We Told Our CLients To "AVOID" This Issue)
Servalakshmi Paper "Premium" Rs 2.50-3 "Exit On Listing Day"
Innoventive Industries "Premium" Rs 10-12 "Exit On Listing Day"
Power Finance "Application Rs 2 lac" Rs 3800/-

innoventive gmp seller @4/-if any buyer give contact no.

FUNDAMENTALLY - A RISKY IPO FROM ANOTHER FAMILY-ENTERPRISE.

POSSIBILITY OF OPERATOR - ACTION WHICH MIGHT LEAD TO LISTING GAINS.
SO FIT FOR HARD-CORE SPECULATORS ONLY.

BETTER AVOID .

Any seller at rs 8...... innovative 7

GMP vaswani @4.50, inoventive 6-7,

5-Vas Nat
Thank you and I am giving the credit for the same to you for yr analysis on that day

Chem Cho ji,

I keep remembering your reco on Tata Steel and the exact prediction of Rs.660 which was also incidently my highest profit in the last financial year. Do keep posting your valuable views for the benefit of the boarders.

THE LEAD manager is Ashika capital the group behind Bedmutha & Sudar garments which gave good return on listing. One can expect some action on listing but servalakshmi paper can also be a dark horse.

Skdash

Our analysis of Over Subscription Vs Listing Gain has been put as a new IPO report in this site. Congrats.

Power Finance Corporation $1.2 bn share sale on May 10: Sources - Economic Times

MUMBAI: Indian state-run Power Finance Corporation Ltd will launch on May 10 a share sale to raise up to $1.2 billion, the biggest equity issue so far this year, four sources with direct knowledge of the matter said on Tuesday.

The follow-on issue will close on May 12 for institutional investors and a day later for retail bidders, said the sources, who declined to be named as the information was not public yet.

Power Finance Chairman and Managing Director Satnam Singh did not respond to calls from Reuters seeking comment.

Power Finance, a lender to power projects, plans to sell 15 percent fresh equity shares while the Indian government will divest 5 percent stake in the firm, the company has said in its prospectus filed with the regulators.

Indian Bank plans to come out with Rs 1,500 crore FPO by September.

State-owned Indian Bank today said it plans to come out with a follow-on public offer ( FPO )) seeking to raise about Rs 1,500 crore by September this year.

"We have got in-principle approval from the government. We are planning to come out with the public offer within next 6 months," Indian Bank Chairman and Managing Director T M Bhasin said.

The fund raise would boost Tier I capital of the bank which stood at 11.02 per cent at the end of March 2011, he said.

The capital raised would help fund business growth for next few years, he said.

Under the board resolution, the bank will issue 10 per cent fresh shares in addition to its current equity base of around Rs 430 crore, he said.

The government holds 80 per cent equity in the Chennai- headquartered bank.

Besides, the bank plans to raise USD 1 billion (about Rs 4,500 crore) through overseas bonds.

"The bank's board has approved USD 1 billion Medium Term Note programme to raise funds from overseas market during the current fiscal," he said.

Talking about audited results for 2010-11, Bhasin said net profit rose by 7 per cent to Rs 438.86 crore for the fourth quarter ended March 31, 2011, against Rs 409.96 crore in the same quarter of the previous fiscal.

For the whole 2010-11 fiscal, net profit rose by 10.23 per cent to Rs 1,714.07 crore compared to Rs 1,554.98 crore in the previous year.

During the year, total income expanded by 16.74 per cent to Rs 10,542.91 crore against Rs 9,030.77 crore in 2009-10.

At the same time, the bank proposed a dividend of Rs 7.50 per share of face value of Rs 10 each, or 75 per cent, for 2010-11.

Total business grew by 20.3 per cent to Rs 1,81,530 crore for the period ended March 2011 from Rs 1,50,886 crore for the period ended March 2010.
Source - Economic Times

A V O I D

NO GOOD

TRACK RECORD OF

PROMOTORS

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Vaswani Industries sets IPO price band Rs 45-49/sh open on 29 apr