Engineers India Ltd FPO Message Board (Page 3)

I had applied for 300 shares of EIL and have been allotted 105, which is as expected. This is at the discounted price of Rs.275.50 applicable for retail investors.

I want to not only hold on to the shares but also build up my stock, as a long term value building investment.

Hi Ganesh smartinvestor

Thanks for you info..on EIL price projections..

Also I thank fellow bloggers Sreedhar,gem,Ravi Bangalore...

Keep up the good work
Best Regards,
Ravi, Pune

HELLO.SHREEDHARBHAI

SIR MAINE 119 SHARES ALOT HUE THE JO MAINE MORNING MEHI 319.50 ME HI EXIT KAR LIYA THA.FIR BHI ACHHA RETURN MILA.......THANKS...

PRINCEEEEEEEEEEEEEEEEEEE

Dear Sreedhar,
I will come out of SKS mostly on the listing day. May be after selling, if there is chance to cover I will do so. As for EIL, I have 119 plus 118 plus 50 in 3 different accounts. I dint do anything today. I will hold one account long and the remaining, I will try to book as much profit as possible. My shares sold on Monday were auctioned. The rate I think is 326 plus fine, in any.

shreedhar is there any new ipo is approaching within 1 to 2 weeks. Share if you have any information.Thankyou.Always well wisher of you.

Dear Natarajan & friends,
Thank you all for the support.So EIL is done & dusted.What are your plans for SKS?

gem,
So do you still hold the remaining shares.I have covered my shorts at the closing.Now if I get the pop up tomorrow.I will sell & get out of those two.What about your plan?Tell me what you think about SKS & at what rate.

Prince,
Kahan hain yaar.What did you do with EIL?

Sold at 324.45, sense is it may fall tomorrow another 3-4% before rising and touching 350 in 3-4 weeks to come.

Those really interested in buying this script for medium to long term view can buy again tomorrow near 295-305.

Dear shreedhar,
You are doing great job on this site.
pl keep it up!!
milinds

I have slod my 118 EIL shares at average price of 321.25. As my strategy, I have invested the profits of Rs 4500(after brokerage and other chharges) in reliance regular savings fund. I use this idea of investing the profits made in IPO/fpos in mutual funds for the last 5 years.

if share are in your dp sell from your dp i have also sold this share at an average price of rs 320.8

can we sell these shares
or still have to w8 ?

It seems the average rate of auction was about 326 or 327. NSE may put a fine of 1 or 2 % to that and so for those who faced auction, the price will be around 332 - 334.

the best part of todays market for EIL is that the shares has changed from weak hand (short time traders be it retail or HNI) to strong hands (FII, DII and some individuals). at 2 PM more than 1 carore shares has changed hands 70 lacs at NSE and 30+ lacs at BSE. and almost all the shares in the range of Rs. 320 and above. so almost all the quick bugs who got FPO allotment is out of the system by today itself. hold the shares, it has great prospect as like REC and oil india FPO & IPO. 5 foreign and indian brokerage house has given their target in the range of Rs. 400-450. so hold it

is it good to sell all my allotment @ 320

Oh Dear Sreedhar,
Why do you bother about such comments? Ignore them totally. Don't even reply. Remember more stones are thrown at trees that bear fruits. Continue your good work for the sake of people like me.

Yes , I am agree that Mr. Sreedhar has done a good job ( Guidance )

Just a suggestion:

Company has excellent order book position of more than 6,000 crore which provides strong earnings visibility for next 3-4 years. Going forward, EIL’s revenues are expected to grow by 25% to 28% from FY11E for next 3-4 years.

The company will be able to deliver a minimum EPS of 16-17 for FY11 which translates into a P/E of 20 and 19 at the current market price of 323. There are no exact listed peers to compare. Even if we want to compare then the proximity company that can be compared is BHEL which is now trading at a P/E of 29...... Even taking consideration of 10% discount compared to BHEL it should command a P/E of 26 with a target of 416 looking at FY11 forward earnings...so there is still definitely much more upside left for the short to medium term...that's why even many brokerage houses have given a target of 400-450 range.

Remember it is also a debt free company and with a strong cash of 1800 cr in its balance sheet. Also the company has grown over 38% CAGR over the last three years.

If somebody is in urgent need of his/her money then u can sell at 330

By today and tomorrow the selling pressure will be almost over and the shares are moved into strong hands i.e QIBs FII, Mutual Funds, LIC) and then the share will move northwards steadily.

Have patience so that you can reap the real benefits..

Dear gem,
I had put order for 2 full applications at 329.5.They have got executed.I will cover these shares at the end.Remaining 4 applications I am going for long term & will not sell them below 400.I will not care even If EIL comes to 200,250 350 etc now.My interest in EIL is now trading with 2 full applications.