SRS Limited IPO Message Board (Page 4)

Guys, Should we apply for listing gains? Any other ipos coming in near future?

With our Govt so slow in taking any decision , what can we hope our economic reforms any meaningful development.
And they talk of competing with China.

SRS Limited - NSE Bid Details                        
Updated as on 24 Aug 2011 at 1400 hrs                        
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)       17500000      7877700      0.45
1(a)      Foreign Institutional Investors (FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            7877700      
1(c)      Mutual Funds            0      
1(d)      Others            0      
2      Non Institutional Investors      5250000      5506700      1.05
2(a)      Corporates            4121200      
2(b)      Individuals (Other than RIIs)            1385500      
2(c)      Others            0      
3      Retail Individual Investors (RIIs)      12250000      562100      0.05
3(a)      Cut Off            551300      
3(b)      Price Bids             10800      
      Total      35000000      13946500      0.40

All govt banks and nationalized insurance co r putting money in the issue.
FII CANNOT INVEST IN RETAIL SECTOR IN IPO .
THEY CAN BUY FROM THE SECONDARY MARKET. NO REASON WHY THE CO WILL NOT TRADE AT ROUND 120 IN 6 MONTHS TIME ONCE CO COMPANY FINALISE THE FII UPTO 26%.
INVEST IN THIS CO WITH THE HORIZON OF 6 MONTHS .

mla,
SRS is giving commission of around 1500-2000 per application if it is subscribed only once.So that tells about the quality of the Issue.

correction
NO UTI
ITS UBI WITH 30 CR QIB SINGLE APPLICATION

First day 0.45 times by QIB.It is quite amazing

CENTRAL BANK 20 CR
BANK OF BARODA 20 CR
UTI 30 CR
ARE SHOWING GOOD INTEREST IN THE COMAPANY.

IN SRS IPO UTI PUT 30 CR AND 2 QIB APPLICATION COME TODAY.

CM 30/100

The consolidated net sales for FY 2011 has increased by 56% to Rs 2040.97 crore, with the operating profit margin of 4.5% and net profit of Rs 37.51 crore, which was up by 43%.

At a price band of Rs 58 to Rs 65 per equity share of Rs 10 face value, the P/E at the lower band works out to 21.5 times and at the upper band it works out to be 24.1 times on the EPS of Rs 2.7 for FY11 (on post-IPO equity). The company earned about 72% of its sales and 81% of EBIDTA in FY 2011 from jewelry business, which trades at P/E of 9 times TTM earnings. The largest part of the funds raised through the present issue will be used for cinemas business wherein the largest player (PVR) trades at 19 times its FY 2011 earnings.

When many blue chips are available at their 52w low prices,I wonder why to go for a little known scrips IPOs.Take this fall in market as an opportunity to buy the blue chip stocks.

plz let me know the subcrbtion detail of....
1> shriram NCD
2> manipuram NCD
and detail of mutooth fin. NCD.

Ravi-Pl do let us know (on/be4 the cut off time on last day) if u ll apply in SRS

Brooks-Whats the tgt sub ?

14. SkDash

No. It is difficult for Operators to play.

If valuations is attractive, I will apply.

Ravi- Is SRS also coming under Small sized IPO for you (>200 cr)

10-Divy

Then they should say- "We are strongly against Corruption"- as been said by Congress/BJP and Others

Everybody against Corruption, then who is doing that. They should be hanged for 2-3 min atleast (not till death)

SRS sets IPO price band at Rs 58-65/share
Bids can be made for a minimum of 100 equity shares and in multiples of 100 shares thereafter.

Open for subscription between August 23-26, 2011.

HI

criminal, civil, income tax, sales tax & sebi notices, totel cases 465
against co. , promoters, directors & group companies, & by the co.,+ by promoters + by pro.group co.

Co has fixed the price band of 58 to 65 and bid lot in multiple of 100 shares .