Free Trading + Demat Account

A2Z Maintenance & Engineering Services Ltd IPO (A2Z Maintenance IPO) Detail

Dec 8, 2010 - Dec 10, 2010

Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction ("EPC") company in India and providing services to the power transmission and distribution sector. They are diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.

Company is also involved in other businesses that include the following:

1. Generating power from renewable energy sources (the "Renewable Energy Generation business");
2. Providing municipal solid waste management services (the "MSW business");
3. Providing facility management services (the "FMS business"); and
4. Developing information technology ("IT") solutions for power utilities (the "Power IT Solutions business").

Company Promoters:

Mr. Amit Mittal is the Promoter of the Company.

Company Financials:

ParticularsFor the year/period ended (in Rs. Millions)
31-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income12,252.967,238.804,813.471,812.87
Profit After Tax (PAT)985.21590.53498.42111.49

Objects of the Issue:

The Object of the issue are to:

1. Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab;
2. Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan;
3. Investment in Subsidiaries;
4. Repayment of a loan granted by L&T Infrastructure Finance Company Limited (L&T Infrastructure Finance) to the company;
5. Working capital requirements;
6. General corporate purposes.

A2Z Maintenance IPO Details

Issue OpenDec 8, 2010 - Dec 10, 2010
Issue TypeBook Built Issue IPO
Issue Size16,876,569 Eq Shares of Rs 10
(aggregating up to Rs 675.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 400 - Rs 410 Per Equity Share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE

A2Z Maintenance & Engineering Services Ltd IPO Grading / Rating

CARE Limited has assigned an IPO Grade 4 to A2Z Maintenance & Engineering Services Ltd IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for A2Z Maintenance & Engineering Services Ltd.

Check IPO Ratings from other stock analysts.

A2Z Maintenance & Engineering Services Ltd IPO Tags:

A2Z Maintenance & Engineering Services IPO, A2Z Maintenance IPO, A2Z Maintenance & Engineering Services IPO Bidding, A2Z Maintenance & Engineering IPO Allotment Status, A2Z Maintenance & Engineering Services IPO drhp and A2Z Maintenance & Engineering Services IPO listing.

A2Z Maintenance IPO Subscription Status (Bidding Detail)

A2Z Maintenance IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

7,527,656

3,199,679

7,465,918

100,000

18,193,253

Dec 10, 2010 17:00

0.68x

3.12x

0.33x

0.32x

0.96x

A2Z Maintenance IPO Prospectus

A2Z Maintenance IPO Rating

479
3.8
Rating:Rated 3.8 stars

Vote Here ...

A2Z Maintenance IPO Listing Date

Listing DateThursday, December 23, 2010
BSE Script Code533292
NSE SymbolA2ZINFRA
Listing InB
ISININE619I01012
Issue PriceRs 400 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 400.00
Rs 390.00
Rs 318.65
Rs 398.90
Rs 328.90
21,416,595
NSE
Rs 400.00
Rs 500.00
Rs 318.60
Rs 500.00
Rs 328.55
30,723,793

A2Z Maintenance IPO Reviews / Ratings

Capital Market Review
Nirmal Bang - Subscribe.
Udayan Mukherjee - No listing gains.
SP Tulsian - Looks expensive.
MLR Securities - Avoid.
Angel Broking - Avoid.
Anand Rathi - Fairly valued.

Company Contact Information

A2Z Maintenance & Engineering Services Ltd
O-116, 1st Floor, DLF Shopping Mall,
Arjun Marg DLF Phase-1,
Gurgaon - 122001, Haryana, India

Phone: 91 124 4581 700
Email: complianceofficer@a2zemail.com
Website: http://www.a2zgroup.co.in

A2Z Maintenance IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: a2z.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

A2Z Maintenance IPO Review / Comments

avatar
273. IPO/STOCK GURO  Jan 9, 2011 10:04 I Like It. | Report Abuse
Junjunwala govt. And SEBI kay sahyog say retailers ko loot lay gaya.
avatar
272. IPO/STOCK GURO  Jan 7, 2011 22:03 I Like It. | Report Abuse
Jnujunwala nay retailers (bacho) ko junjuna pakda diya hi hilanay kay liya.
avatar
271. KK Natarajan  Dec 27, 2010 19:49 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts)
270, Rakesh Valvod,
There is no meaning in RATING. But there is a lot of meaning in OPERATING!
avatar
270. rakesh valvod  Dec 27, 2010 13:23 I Like It. | Report Abuse
look icra rating and cmp of A2Z Maint. and Ravikumar. what is the meaning of rating??????!!!!!!!!!!!
avatar
269. IPOGARV  Dec 26, 2010 11:35 I Like It. | Report Abuse
Nice to read, retail investor has not put money in this IPO. still crying over that RJ has made fool of retail investor. RJ invested in 2006 and reaped benefit in 2010. (making investment working for himself - 5 year faith), is it on cost of retail investor? The issue not fully subscribed and retail portion was least subsribed. Rs 400-410 was steep asking price. so investors did not care Yes few IPO Traders listebed and parked money for 15 days. (whereas stop loss is now available).

Now RJ reinvestment in company. various inferences can be drawn.

a) support price to lure more investors later on, possible?
b) he has tremendous faith in management and prospects of company, so invested again. defintiely 16% (Rs 50 ) is good margin to enter.

c) the avg cost is Negligible, so can play around with profits? has right to do so. we should mind it post IPO being promoter he is in for lock-in period for investments for a period.


Each one of us has to think about our capital, investment position, trading position, wealth, borrowings and the most, our behaviour pattern in the market participation. So RJ is thinking about his capital.

Wishing all the broaders Happy New Year 2011.


regards,

IPOGARV

avatar
268. IPO/STOCK GURO  Dec 25, 2010 16:32 I Like It. | Report Abuse
Junjunwala nay fool retail investors ko junjuna day diya kalnay kay liya. Pahlay rs. 19 pay buy kiya hua apnay shares rs.400 pay retailers ko sell kiya phir aglay din fool retailers say rs.350 pay buy karliya, agar 1 carors shares ka game junjunwala nay kiya tho retailers ka 50 carors uski poket may chala gaya .
avatar
267. Santosh.  Dec 24, 2010 17:44 I Like It. | Report Abuse
my tgt of a2zmes hit ...keep away from RAKESH ZUNZUNWALA wala share like a2zmes, delta corp etc dont be greedy...small but secure return is best
avatar
266. IPO/STOCK GURO  Dec 24, 2010 17:32 I Like It. | Report Abuse
Junjun wala nay sabit kar diya ki govt. And SEBI kay sahyog say retail investor kao kaisay loota jata hi, 400 pay apnay shares ipo may sell karkay 330 pay market say buy, jai ho india.
avatar
265. ASHISH KAPADIA  Dec 24, 2010 14:00 I Like It. | Report Abuse
SOME CARTOON CHANNEL HAS SHOWN RAKESH ZUNZUNWALA BOUGHT 500000 SHARES OF A TO Z MAINTAINANCE. But they are not showing that Mr zunzunwala had sold those shares in IPO at issue price of around 400. and now he is buying those shares at around 330. This is really annoying and embarassing for retail investor
avatar
264. avinash D  Dec 24, 2010 09:56 I Like It. | Report Abuse
KKN sir, Thanks for ur reply. I am a small investor. I understood Ravi sir's message about co's weak business model. Also read that they will do rice milling. May be its mistake by every investor....
My another guru warren buffet owns up if he does mistake..... I also did mistake. it is big lesson.
avatar
263. KK Natarajan  Dec 24, 2010 05:00 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts)
avinash D,
Your Guru sold shares to you at 400 and buying it back in the range from 318 to 340. He does it to arrest the free fall in price. Now tell me who is clever, the ones who buys at 400 and sells at 318 or the one who sells at 400 and buys at 318? Your Guru is teaching you a lesson, a costly lesson at that!
avatar
262. triple hhh  Dec 23, 2010 20:26 I Like It. | Report Abuse
The fair value for this share is Rs 293.
avatar
261. avinash D  Dec 23, 2010 18:07 I Like It. | Report Abuse
Ravi Sir, Todays buld data shows Rakesh sir and Promoter has bought shares worth of 93cr. Do you think this is good sign.... Will stock bounce back tomorrow....?
avatar
260. Ravi, Bangalore  Dec 23, 2010 17:43 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
258. avinash D

The company seems to be poor in collecting dues from its debtors, more that 60% of the revenue is outstanding, that makes me feel the books are made up. Over 90% of the company's revenues come from government authorities and public sector undertakings. Such companies usually have high "debtor days" as government departments and companies take a long time to make payments.

I didn't look at the cash flow statement. Brokerage House reports say it has operated with negative cash-flow for four years. After I looked at the valuations that the company was asking for, I just stopped reading the RHP.

Jhunjhunwala has already made crores of rupees. At least his name guarantees good return to the promoter. Jhunjhunwala will get back his invested amount by selling a few shares in the IPO and thus rest of his shares will now have zero cost. In addition, he has the rest of shares to get him speculative return. He just have to sit and enjoy the game.

As per RHP -

Jhunjhunwala will receive more than Rs 20 crore by selling five lakh shares at the higher end of the price band of Rs 400-410 per share, which was equal to the amount he invested in A2Z Maintenance in 2006. The total valuation of his holding in the company stands at Rs 494.09 crore, which means market cap of company will be more than Rs 3,000 crore.

Rakesh Jhunjhunwala to get Rs 20.5cr via A2Z IPO

http://www.moneycontrol.com/news/ipo-issues-open/rakesh-jhunjhunwala-to-get-rs-205cr-via-a2z-ipo_503796.html

I am not interested to find-out fair value. As NSE web-site is not showing chart, I missed opportunity of going intra-day short! I will relook at this company in month-end.

Please note that I am not questioning Jhunjhunwala's wisdom. What I mean is you should not invest just because Jhunjhunwala is investing. Your tolerance, financial position, goal, investment horizon is different than Jhunjhunwala.
avatar
259. Routray  Dec 23, 2010 17:07 I Like It. | Report Abuse
THANx KK. Waiting for Sreedhar's reply
avatar
258. avinash D  Dec 23, 2010 17:02 I Like It. | Report Abuse
Ravi sir, Thank you very much for your reply. I understand your thinking about Rakesh getting shares at very cheap rate. but then promoters alos gets shares at very cheap rate. Company has also increased the revenue many fold from small company in 2006 to such crores of revenue now... There were 5 bankers to the issues, all are very bankers. Are you Questioning Mr. jhunjhunwala Wisdom along with 5 big bankers about IPO price. Remeber this is Mr. Jhunjhunwala's First IPO ?
What is according to you the right price for A2z IPO ?
Sorry if i have missed your earlier blog.... Can u pls guide me technically weather share can fall further??
avatar
257. Ravi, Bangalore  Dec 23, 2010 16:34 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
251. Avinash D

This is my reply as it appears you are panic-sticken.

According to RHP: -

Jhunjhunwala got 429,898 in 2006 at 418.70.

Another 45,000 in 2007 at 502.44.

The company gave 11:1 bonus in August 2007 and 3:2 bonus in March 2010.

After the first bonus his number of shares went up by 12 times and after the second bonus his number of shares went up by 2.5 times.

His cost/share came down by 1/30th.

Cost of his 2006 shares = 13.96.

Cost of his 2007 shares = 16.75.

You can also refer my view that I have given at the time of IPO opening wherein I had cautioned investors particularly about Jhunjhunwala's conflict of interest.

When investing, you need to consider as much information as possible to ensure you make the right investment decision. Analysts'recommendation is just one of these sources of information and shoulde therefore not be used solely on its own to decide how you invest. They have often biases because their livelihood very often depends on the companies they are presenting. Hence, always consider why analyst may be talking up or talking down some stocks.

Consider how the analyst has come to their decision (investment rationale) and use what they have done to help you with your own research. Look out for analysts who have ties to the company they are recommending as very often the information they give will turn-out to be inaccurate. They should understand that certain conflicts of interest might exist which may create pressure on a analyst's objectivity and independence.

To conclude, the fact that analysts, or brokerage firm may face a conflict of interest does not necessarily mean that the stock analyst recommendations are flawed or unwise. And yet, don't rely solely on them for your investment decisions. Do your own research, such as reading companies' prospectus / RHP, quarterly and annual reports that are filed with the Exchange etc..........
avatar
256. avinash D  Dec 23, 2010 15:30 I Like It. | Report Abuse
M&S ... i have seen many presentation of Rakesh.... and He always advice "Not to loose capital" in the stock market.... How come investor loose money in this company....
avatar
255. avinash D  Dec 23, 2010 15:27 I Like It. | Report Abuse
I watch everybody on the board ....kkN, sridhar etc.... what do u say? Why would Rakesh do this thing with investor....
avatar
254. avinash D  Dec 23, 2010 15:25 I Like It. | Report Abuse
M&S - Thanks for your reply. I have bought the shares considering the solid waste business which is going to become very big. Why stock got punished today ???.... i had no clue. Do you think it is going to double in 6months time if i hold the shares........



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App