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Moneycontrol >> Messageboard >> Market View >> IPO, New Issues
   You are here :     Moneycontrol     MMB   Market View   IPO, New Issues

IPO, New Issues

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10 Aug 2008 17:32

Check conditionof GREMACH IPO and then review Astral Coke...

In reply to:

It's Compitition

Posted by : Guest

Austral Coke IPO Opened 7th August. It’s subscribed 100% on 1st Day. It's Good Signal For Inverters.
Austral is 59% cheap at higher price band (INR 196) and 65 % at lower price band(INR 164) Compared to Gujarat NRE, Based on P/E multiple.
This leaves significant room for valuation upside given the high visibility in revenue growth and profitability improvement, with increasing production capacity and ever improving utilization ratio, focus on generating power using waste heat gases and geographically expansion plans via acquisitions.
Gujarat NRE is Close Competitor of Austral that's why they (Gujarat NRE) made Allegation.
As i read on ACPL wed site GUJARAT NRE made the Same Allegation at the time of Gremach (Group Company of Austral) IPO.

Arvind Madhwani
Invester

10 Aug 2008 01:20

CNBC coverage pointed some Singapore Firm have taken more than 10% shares by selling Gremtech shares sister concern of Austral
Investors should check whether there is any Manipulation before Investing in this IPO...

In reply to:

Austral Coke IPO fully subscribed on the first day

Posted by : MMB Messenger

The IPO by the Austral Coke & Projects Limited (AUSTRAL) was fully subscribed on the very first day of the opening. It has received total bids for 81,77,272 equity shares as against the total issue size of 72,60,000 equity shares. The Issue has been subscribed 1.13 times this evening.

10 Aug 2008 01:20

The IPO by the Austral Coke & Projects Limited (AUSTRAL) was fully subscribed on the very first day of the opening. It has received total bids for 81,77,272 equity shares as against the total issue size of 72,60,000 equity shares. The Issue has been subscribed 1.13 times this evening....

09 Aug 2008 18:52
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Tracked by: 0 Boarder

Austral Coke IPO Opened 7th August. It’s subscribed 100% on 1st Day. It's Good Signal For Inverters.
Austral is 59% cheap at higher price band (INR 196) and 65 % at lower price band(INR 164) Compared to Gujarat NRE, Based on P/E multiple.
This leaves significant room for valuation upside given the high visibility in revenue growth and profitability improvement, with increasing production capacity and ever improving utilization ratio, focus on generating power using waste heat gases and geographically expansion plans via acquisitions.
Gujarat NRE is Close Competitor of Austral that's why they (Gujarat NRE) made Allegation.
As i read on ACPL wed site GUJARAT NRE made the Same Allegation at the time of Gremach (Group Company of Austral) IPO.

Arvind Madhwani
Invester...

09 Aug 2008 16:56

as there are no good issue in pipe line and rate of coke is raising like burning this issue has to be successful listing...

09 Aug 2008 13:36

how about switzerland???? the banks are very discreet there..you wont have to disclose anything then.....

In reply to:

Its time to prepare shopping list guys !

Posted by : Guest

thanks ankur for your reply i am planning to buy property in either of the following countries dubai uk or us i dont visit either of them very ofter kindly suggest a place to park my money i am sorry to be rude but i dont want to disclose my details

08 Aug 2008 16:17

Cabinet has given its nod to restructure the equity cap of Punjab & Sind Bank, reports CNBC-TV18. "Restructuring of Punjab & Sind Bank to allow the bank to raise equity via IPO." ...

08 Aug 2008 16:00

prepare shoppping list but buy only when target comes and not in a hurry...

In reply to:

Its time to prepare shopping list guys !

Posted by : Guest

thanks ankur for your reply i am planning to buy property in either of the following countries dubai uk or us i dont visit either of them very ofter kindly suggest a place to park my money i am sorry to be rude but i dont want to disclose my details

08 Aug 2008 15:21

does anyone remember my intution in genesys international when it was at 20-30 levels.year back.

i was just saying it was my intitution that something will happen here looking at annopuncements and past history on shareholding and preferential to promoters.

look where its now.i still feel everything is not fully valued here.something more is going to come.
but its a risky thing to venture in such stocks.
i would rather buy allahabad bank at 65 and hold for 3 yrs to get 100 rupe safely with certainty because it will touch 100 some day inb my life.its a sure profit in my lifetime....

08 Aug 2008 14:07

thanks ankur for your reply i am planning to buy property in either of the following countries dubai uk or us i dont visit either of them very ofter kindly suggest a place to park my money i am sorry to be rude but i dont want to disclose my details...

In reply to:

Its time to prepare shopping list guys !

Posted by : librankur

Hello Bhavna,

Have already begun lightening my posiions , you should check with your advisor before you move out/in of a stock.

I dont play the number game but if you still want numbers 4200 should be there again.

:-)

08 Aug 2008 13:45

After the RPG Life, this is another listing from the RPG stable. Keep a watch. This company is having around 7% holing by LIC and around 4% by HDFC and Bajaj Allianz. See the trend before making a decision for a few days....

08 Aug 2008 12:42

the family dispute he says huh? it has been going on for 15-20 years nd still there's no site of a solution. these guys r real fakes... even their objects o the issue doesnt sounds interesting engh to make us belive that they are in real need of money. ...

In reply to:

Tiff with Guj NRE Coke is family issue: Austral Coke

Posted by : MMB Messenger

Rishi Raj Agarwal, Managing Director, Austral Coke said that this is part of a family dispute with Gujarat NRE Coke. He said that 40 analysts have gone to site and checked capacities. He said he does not understand why Guj NRE Coke is trying to destabilise the issue.

08 Aug 2008 12:33

ankur sir you used to give examples here earlier to help us out tell me how are you still making money , sandeep...

In reply to:

Its time to prepare shopping list guys !

Posted by : librankur

Hello Bhavna,

Have already begun lightening my posiions , you should check with your advisor before you move out/in of a stock.

I dont play the number game but if you still want numbers 4200 should be there again.

:-)

08 Aug 2008 12:05

Birla Cotsyn ended at Rs 9.45 on the NSE, at a huge discount of 32.50% to its issue price of Rs 14. On the NSE, the share touched an intraday high of Rs 14.90 and intraday low of Rs 8.75. The stock has witnessed ten bulk deals, which includes 6 on the BSE and 4 on the NSE....

08 Aug 2008 10:36

NEW DELHI: Makemytrip, the online travel-booking portal, is targeting Rs 1,700 crore revenues from gross bookings in the current fiscal. It expects to be profitable by the last quarter with an increased focus on high-margin non-air businesses, the company’s chief financial officer said.

Makemytrip also plans to file for an initial public offer 24 months after the company turns profitable. However, it did not provide details of the IPO plans.

In the last fiscal, the Gurgaon-based company earned Rs 1,000 crore from gross bookings. Of this, 73% came from airline bookings. Makemytrip sells more than 9,000 tickets online per day, including 1,000 international tickets.

Its competitor Yatra. com claims a 35% market share and is expected to post revenues of $250 million in 2008. Currently 88% of Yatra’s revenues come from air bookings.
Makemytrip plans to raise the share of its non-air business to 40% by the fiscal end from 30%. Airline tickets have a margin of 5%, whereas hotel bookings, car rentals, rail tours and packages command margins of more than 15%.

Industry reports peg the total travel industry in India at about $20 billion, of which online airline bookings account for about $2 billion.
“I think there is a possibility of consolidation happening in the online travel booking space,” Rajesh Magow, chief financial officer, Makemytrip, said.

However, he added that he is not looking to buy any online travel portals and that the inorganic growth strategy would be chalked out by the year-end.
Makemytrip competes with Yatra, Travelguru, Cleartrip, Arzoo, Ezeego1 in the Indian online travel booking space.

Venture capital funds have a majority stake in the portal. However, valuations of the company could not be immediately confirmed.

DNA...

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