Precision Camshafts Ltd IPO Message Board (Page 53)

After so many complaints ipo godfathers has been banned...and his msgs has been removed.....this is what looks like................

No Sir,

He continues to post on ...
IPO Grey Market Premium (IPO GMP) Message Board / Discussion Forum
/newportal/ipo_gray_market_premium.asp

and the admin has done nothing about it as of yet ...

If you want you may send your emails to ... support @ chittorgarh . com (remove spaces)

Dear eagleye.I hv already requested chittor garh people to remove...that...BARKING DOG.....LOOKS LIKE THEY HV REMOVED HIM.....CARRY ON...WITH YR GOOD... INPUT..

company profits have decreased.
even SME are now showing better profits. check universal auto who is in same auto ancillary space and profits and margin increasing is available at 31 rs. instead but that then going to apply this ipo

one thing is clear if profits are decreasing and its asking P/E of 22 is expensive in any terms . only highere profits and growth should demand high P/E.

Please don''t subscribe when stocks are trading so cheap in secondary market.

FORGET THE MESSAGE POSTED BY IPO GOD FSTHER AS HE RARELY COMES ON THE FORUM .

Dear All,
Please find below the details on Precision Camshafts Limited IPO.
Company
Precision Camshafts Limited

Profile
Precision Camshafts Limited world’s leading manufacturer and supplier of camshafts, a critical engine component, in the passenger vehicle segment. It supplies over 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications from our manufacturing facilities in Solapur, Maharashtra.

Offer Period
Offer Opens : Wednesday, January 27, 2016

Offer Closes : Friday, January 29, 2016
Price Band
Rs. 180 – Rs. 186
Bid Lot
80 Equity Shares and in multiples thereafter
The Offer
Fresh Issue of Rs. 240 Crs + OFS 9,150,000 Equity Shares

(Rs. 405 Crs at Lower Band & Rs. 410 at upper band)
MOde of Payment
ASBA Mandatory ( No Cheque will be accepted)

Registrar
Link Intime India Private Limited


Listing
NSE and BSE

Dear All,

BYE BYE ...

Unless the Administrator does something about this Nuisance ... “IPO GODFATHERS”

I shall not be posting anything further on this Message Board / Discussion Forum

If the members want ... they may email the web administrators at ... support@chittorgarh.com ... and ask them to get rid of this nuisance ... only after the administrators confirm their action ... will I post anything hereafter ...

Until then ...
BYE

@Eagleye ...based on the comments looks like some1 is playing the fool...which is bound to happen under poor moderation...I will send the message to the Moderators but what stops this person from creating another ID and posting comments ...
@IPO GodfatherS if your reading this ... lets maintain the decorum of this forum we are here to Learn ....and EARN...why waste time in this childish behaviour when you can do that on 100s of other sites available

I sent email.

Greymarket active hua kya. ..
Kostak rate please

The Grey Market is very Thanda

Reasons obvious are:

1)      Brokers – This issue came very unexpectedly hence most participants have been caught unprepared.

2)      RII – are still trying to assess how many retail applicants have their ASBA accounts activated.

3)      NII – NBFCs are not sure about interest to be earlier they used to charge interest for 7days)

On December 30, 2014 the Company Sub-divided its equity shares of face value Rs.100 each into 10 Equity Shares of Rs.10 each.

Thereafter,
On February 6, 2015 the Company issued Bonus Shares in the ratio 19:1

Salaries of big names in India :

Mukesh Ambani (Reliance) - 15 crore
Azim Premji (Wipro) - 5 crore
Chandrasekaran (TCS) - 21 crore

And

Mr. Yatin Shah (Precision Camshafts) - 8.2 crore

Just compare profitability of Reliance, Wipro, TCS and salary of their CEOs.
Compare profit of Precision Camshafts (14.1 crore) and salary of Mr. Yatin Shah (8.2 crore).

Taking higher Remuneration is now a trend in the business.
I could list many directors charging huge remuneration.
Meanwhile my opinion is based on my knowledge also i am not part of any association etc.

Let gmp starts
But I only ipo after watching the response from grey and FII & MF.
This ipo is well priced even taking huge risk tapping markets at this time.

Yes Septaji. I advise everyone to study draft documents carefully and provide views if you find something fishy. This is very important for small investors. I advise Septa, Eagleye, Shreedharji, Sonmayaji, Pinkyji, Dilip Davdaji etc. to provide their views.

After good success of last three IPOs, it''s time to caution instead of blindly applying in IPO. Many companies are ready to trap investors money.

Where do I find the IPO grading for this company.

Uchit

Let me tell you one thing
The rise in employee benefit is due to export unit at solapur.
Even company entered into two JV with China for global demand

So now with three units expansion employee benefits is likely to hike.
The company is into auto ancillary business with top leader in segment client like Maruti GM Tata

I am not saying that we should apply but
Please don''t analysis without reading RHP.

Also low iron price will add to profits to the co.
Company sound promoters and good track record add benefits to investors
Also Septa did a lot blunders in Sh Kelkar and Narayana
Plz have patience
Thanks

Arjunji,
I know company added new facility and total no. of employees are increased. This is the main reason employee expense is increased in year 2014. But I have question on Promoter''s salary.
If company is making 14.1 crore as profit in 2014 and promoters are taking 12.8 crore as salary. Do you think it is fair?
I am remembering many CEOs are taking Rs. 1 as salary when company is not making good profit.

Arjun with S h Kelkar I avoid not Bcoz it will list discount I avoided Bcoz I applied all in indigo with 100% allotment and good allotment ratio in evenHNI getting close to 2500 indigo and not getting few share on luck in case of SHK is a blunder I happy I did with such blunder
In case of narayana I said I will put the many in TATA steel then applying to such 200 PE which IMO is steeply price

With precesion my issue is corporate govance the way the reward them self it could be a good IPO if they r clear with EBS.

Let see. Plus Arvind do not Personel with everyone investment strategy. I am very happy and I share my views end of the it ur decision to apply or not

Company shows employee expenses (salary, benefits (insurance) etc.) 112.9, 38.7, 30.4, 27.7, 17.4 crore for years 2014, 2013, 2012, 2011, 2010 respectively. Suddenly increase in year 2014 (almost 4 times than year 2013).

Promoters get total annual remuneration 12.8 crore in year 2014. Mr. Yatin Shah - 8.2, Ms. Suhasini Shah - 1.7 and Mr. Ravindra - 2.8 crore.

Company posts net profit of 14.1, 24.8, 19.2 and 17.6 crore in year 2014, 2013, 2012 and 2011 respectively. In year 2014 company promoters (only 3) took 12.8 crore as salary.

Please think if company is making only 14.1 crore and owners taking 12.8 crore as salary. How it possible ?

Promoters started taking healthy salary from year 2014 becathey know company is planning to launch IPO. After IPO it is not easy to raise their salary becaof shareholder''s permission etc.

Something looks not good in Promoters policy.

for me the same issue big jump in EBS need more info what is the future EBS....corporate governance is very important factor for minority share holders interest anyway let wait for full details

If anyone wants to understand more about "ASBA"
= APPLICATIONS SUPPORTED BY BLOCKED AMOUNT

You may like to see these 2 weblinks:

http://www.sebi.gov.in/cms/sebi_data/commondocs/asbaprocess1_p.pdf

http://www.sebi.gov.in/sebiweb/home/detail/32791/new/List-of-Self-Certified-Syndicate-Banks-under-the-ASBA-facility

Even if all banks are included in ASBA List, the particular branch where you account is operated, should also figure in that list, otherwise the ASBA application will be summarily rejected.

No activity in grey.
Price band 180-186
Lot size 80 shares

PE around 22x
Auto ancillary co. So can be reasonable as industry PE is 37x

Co. Is largest player in its segment
Clients like Hyundai Ford Gm Maruti
May be long bet considering client base

thank u but i do not have access to Business standard.... BTW what is NP for 2015 and half yearly if 40 cr is NP for 6 months ended then PE is correct

all in million Rupee
Employee benefits expense Sep 2014-320.06
2014-1,129.36
2013- 387.83
2012- 304.13
2011- 277.84
2010- 174.27
so YOY employee benefit has been seen big jump not sure what is full year benefit will be if the EBE is same as 2014 then NP will be low then 2014..

need more info from the management

other then that is looks good however EBE and future EBE should be clearly define what if major share of NP is distributed to employees what is left for share holders.... hat of to a company with such good EBE

Precision Camshafts Ltd

Please refer RHP dated 15th January 2016
& also see
See advert on page 9 of Business Standard dated 19th January 2016

Issue opens 27th January 2016
Issue closes 29th January 2016
Anchor 25th January 2016
Price band Rs.180-186
Issue size is 405-410 Crs.

EPS is 7.62 (for 2014-15)
EPS is 4.16 (for 6 month ended on September 2015)

P/E is 22.36 ... At the higher end of the Price Band
(based on diluted Consolidated EPS for 6 month ended on September 2015)

The Grey Market activity is likely to remain subdued for 3 reasons:
1) The mood in the Secondary Market is not encouraging
2) The new ASBA rules (many retail applicants may be unable to participate)
3) Listing in 6 days (will reduce funding costs for HNI)

Septaji,

Please see the advertisement on page 9 of Business Standard dated 19th January 2016

Tentative listing date ...
Monday February 8, 2016

Please refer RHP dated 15 January 2016
& also see
See page 9 of today''s Business Standard

EPS for 2014-15 is 7.62
EPS for H1 15-16 is 4.16

Price band Rs.180-186
Issue size is 405-410 Crs.

EPS is on 10
not on 100

thank u

Parag Milk Foods Ltd.

Issue opens 3rd February
Issue closes 5th February

Anchor 2nd February

Price band to be announced soon

Issue Size 1000 Cr.

Price band declerd tomorrow evening..