Tanla Solutions Ltd IPO Message Board (Page 4)

TSL Allotment is available at:
/stockmarket/Tanla-ipo-allotment-status.asp

Tanla allotment is out

Hi Guys,

Everybody known that When Talna Allotment ?

Goods news for every body Talna Allotment on 29.12.2006

Hi,

As of my expectation everybody would come to know the allotment of Tanla solutions on 29 of this month.

This is my guess only.

Regards
Balu

As per information I have Tanla allotment should out today or at most tomorrow.
All the best!!!

hai anybody have idea of tanla allotment& listing

Hi all
Anybdy idea whn tanla allotment will be out. and
wht is the grey market premium on tanla...
Thanks
Ashish

Anyone knows when the allotment and listing would be made ?

Hi all,
Anybody got the refund money from LANCO IPO

Thanks

IPO subscribed 36 times...retail 11 times.. i have applied for 125... what could be the basis of allotment...?

Can we get refund of Shobha in time for applying to Tanla

Give your views

Tanla IPO is quite better than the other ones available right now. This seems to reduce the risk to be taken by the investor. (as it deals with Telecom domain) Even Tech Mahindra was the same case wherein it was a Telecom Giant and this is one such company. Surely if market conditions are not bad, this will list with 100+ premium. Even if market conditions are bad and it gives out less listing gain, i will suggest to hold as this company has robust growth and atleast in medium term, it will double the investment made.
Sure Shot for Investment..

Face value is 2Rs, and price is 260, i.e 130times more than than the value, even Shoba was just 64 times more.
Is this company worth for this much over price?

TANLA is very nice. current premium is around 120-130/share. Dont go for CAIRN. IT like RPL or PETRONET. No good return u get.

Outlook and valuations (Angel Broking)
Going forward there is a significant growth potential in the markets that Tanla operates in. Tanla’s initiatives into the US markets, which is less mature than Europe in terms of usage of value-added services, also bode well for the company, and should enable it to globally de-risk its revenues away from the UK market. The scalability of Tanla’s business model is
impressive, and has the potential to enable the company to sustain higher margins in future.

Nonetheless, risks do exist, and factors such as significantly large peers in the aggregation business, a slowdown in the UK market, focus on just one vertical (telecom), high debtor days and lack of experience in the US markets must be taken into consideration by potential investors before considering the issue. The fact that there is no comparable listed peer in the Indian market could also result in uncertain stock performance once the stock gets listed.

At the higher end of the price band of Rs 265, the Tanla issue comes at a P/E multiple of 18.6x annualized H1FY2007 EPS on the expanded equity capital. Given the factors mentioned above, we believe that Tanla can record growth in excess of 100% in the near-term. If we take the issue on a P/BV basis, post the issue, it works out to 2.6x at the higher end of the price band.

We believe that these valuations are reasonable, and recommend investors to ‘SUBSCRIBE’ to the issue (albeit high-risk). Investors should note that Tanla is already listed on the Ahmedabad, Chennai and Hyderabad stock exchanges, and the stock currently trades at Rs 332, an over-25% premium to the higher end of the price band.

hi shud we apply to tanla?? what is the cmp in regional exchanges??

Tanla Solutions, the Hyderabad based provider of integrated telecom solutions and products for wireless market, is coming up with a follow-on issue of 15.89 million equity shares of face value of Rs 2 each. The issue opens for subcription Dec. 11, 2006 and closes Dec. 14, 2006.

The shares of the company are currently listed on Hyderabad, Ahmedabad and Madras stock exchanges.

The issue is being made through the 100% book building route. The price band for the issue has been fixed at Rs 230 to Rs 265 a share. Considering the annualized earnings a share of Rs 13.3 on the basis of September 2006 earnings, the issue is priced at 17.3 times, at the lower end of the price band, and 19.9 times, at the upper end of the price band. The company plans to raise upto Rs 4,210 million through the issue.

The issue comprises a promoter contribution of 15,88,500 equity shares and a net offer to the public of 1,42,96,500 equity shares. The net issue would constitute 28.59% of the fully diluted capital of the company after the issue.

At least 50% of the issue size shall be allocated to qualified institutional buyers (QIB). A total of 5% of the QIB portion shall be available for allocation on a proportionate basis to mutual funds only. Further, up to 15% of the issue shall be available for allocation on a proportionate basis to non-institutional bidders and up to 35% of the issue shall be available for allocation on a proportionate basis to retail individual bidders, subject to valid bids being received at or above the issue price.

The pre-issue net worth of the company, as per its unconsolidated financial accounts for the period ending on Sep. 30, 2006, is Rs 587.55 million. The book value a share as on Sep. 30, 2006 is Rs 17.48.

The proceeds of the issue will be primarily utilized for setting up an infrastructure facility for a development centre at Hyderabad, a backup and disaster recovery centre at Bangalore and expansion and upgradation of existing research and product development facilities. The proceeds will also be utilised for establishing overseas marketing office and funding regional/ global expansion plans.

The book running lead managers to the issue are SBI Capital Markets, IL & FS Investsmart and ICICI Securities. Karvy is the registrar to the issue.

Any idea about valuations of this IPO

Good Issue Compare it with Mahindra TECH.