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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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11 Aug 2008 22:47
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appreciation is very highly likely in austral coke & projects...

11 Aug 2008 21:30

Vishal Information is in an interesting space. This whole digitization, data bank management and even e-publishing to a limited extend is in interesting space, there aren’t two many players right now though there will be many more players getting in.
...

11 Aug 2008 20:40

Hello Preeti,

In that case , what makes you think , that i would be interested in your PF details.

I may be down but i am never out of action.

:-)...

In reply to:

Its time to prepare shopping list guys !

Posted by : Guest

hey ankur

i thought no one would be interested in my pf so i did not mention it here and decided to send you a pm how come you do not come on the board these days

regards
preeti

11 Aug 2008 20:38

Dear Guest ,

I seek no details from your side.

I can perfectly understand your issue of being discreet over this unsafe medium.

I cannot understand why you want to invest in a place you hardly visit, if you just want an opinion from my side, i will go in for dubai , its more to do with the proximity .(assuming you are from india)

Also US and UK have very high rate of taxes of all sorts, the cost living are on the expensive/high side.

The best thing about the place i am suggesting is that you and your family , all would get a 99 YEAR VISA.

Better still consult with your family and hire yourself a good real estate agent.

Enjoy.

:-)...

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

11 Aug 2008 20:29

Dear Sandeep,

The streets are piled with examples , i guess you arent looking in the right direction.

Stocks have risen to levels where they are again beginning to look expensive and you are still waiting.

Do something.

:-)...

In reply to:

Its time to prepare shopping list guys !

Posted by : Guest

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

11 Aug 2008 20:26

Dear sachin,

The stock in question is JPT Sec.

:-)...

In reply to:

Its time to prepare shopping list guys !

Posted by : sachin14

Ankur Bhai,
Which was the last circuit hungry stock which was discussed which is in LC?
-Sachin

11 Aug 2008 20:24

Dear sauravsachin,

Everone is speaking ill about this IPO, valuations are certainly on the higher side, just to give you a comparision , its more expensive than sesa goa

Still i have made an application, you may take your call.

:-)...

In reply to:

Its time to prepare shopping list guys !

Posted by : sauravsachin

hey ankur,

thanks for ur inputs on kinetic motor..

what r ur views on Resurgere Mines IPO?? is it good??

:-)

11 Aug 2008 20:19

Dear Sonu,

Great post , keep writing in.

:-)...

In reply to:

Its time to prepare shopping list guys !

Posted by : sonu11

buy sugar , do some gamblimg on compact disc and asian oilfields, invest for long term om sonata software.

Now the basic question : should u prepare a buying list ? yep one must prepare a buying list , but buy a business not market. and if one intends to buy market than wait

Buy it when its at somewhere around 12000 and it will be there b4 oct 08 , earlier or later but unless the level is tested we will not have any new high.

and one more thing before the end of 2010 we will be trading above 26000.

Disclaimer : I hv vested interes in the market

11 Aug 2008 14:13

yep

Posted by : big mama
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yes... if investors must be happy.......

11 Aug 2008 13:18

BSNL's $10 bn IPO hopes to buck frail market--------State-owned phone company's plans to raise $10 billion in the biggest local IPO must overcome waning foreign investor interest in a country whose share markets have dropped by a quarter this year.
There has been no timeline for Bharat Sanchar Nigam's (BSNL) IPO, but the company expects the issue in six months.
Bankers said the target can be met only if the process is fast tracked and other issues such as union opposition are ironed out. While smaller IPOs have been completed this year despite the market selloff, thanks to a large pool of willing local investors, the biggest deals will struggle without foreign participation.
"For foreign funds, equity is definitely no longer the preferred asset class," said Jayesh Shroff, who helps oversee about $3.5 billion at SBI Mutual Fund. "They are quite wary of it and Indian IPOs do not fit their strategy now." Andrew Holland, managing director of strategic investment group at DSP Merrill Lynch, said poor secondary markets, the global credit crunch and nervousness about weakening growth forecasts for India have kept foreign funds on the sidelines.
The government said in January it aimed to list BSNL by selling 10 per cent, but put the plan on hold after opposition from its communist allies and trade unions. India's biggest IPO, January's $3 billion offer from Reliance Power, was subscribed within minutes of opening, helped by big institutional funds.
Foreign funds own 4.7 per cent of the firm or nearly half the stake sold in the initial public offer. Its success was due in part to heavy subscription from foreign hedge funds, overseas banks and portfolio managers. But in July, UTI Asset Management, India's oldest mutual fund, put off a $480 million IPO, joining other heavyweight listing candidates on the sidelines after foreign funds wanted the valuation cut by a quarter.
"It all depends on market sentiment. There is clearly a flavour for public sector stocks but pricing is the key," said Paras Adenwalla, chief investment officer at ING Asset Management (India). "Will a large IPO be subscribed, yes. But the question will be is there anything left on the table for investors to make money after the listing." Some bankers have also said big issues were unlikely to be completed ahead of national elections due by May.
At least 10 firms have delayed or shelved IPOs worth about $4 billion this year due to sluggish demand amid a deep market slide. And the outlook remains downbeat for the rest of the year, in line with the global trend.
"There is a wariness towards taking fresh positions in Indian offerings," said S. Ramesh, chief operating officer at Kotak Mahindra Capital. India's central bank has raised interest rates to a 7-year high of 9 per cent in a bid to tame inflation of close to 12 per cent, and analysts have cut economic growth forecasts and corporate profit appears to be slowing.
Firms looking to raise relatively smaller amounts of about 1 billion rupees ($24 million) have, however, managed to scrape through in the last four months helped largely by support from local banks, domestic mutual funds and wealthy individuals. About 10 firms have raised a total of nearly 4.5 billion rupees over the last three months, while two companies hope to raise as much as 2.5 billion rupees in the next two weeks. Indian IPO proceeds fell 7 per cent in January-June to $4.3 billion, data show. Total share sales, including IPOs, fell to $615 million in April-June, the lowest since the last quarter of 2003. Kotak Mahindra Capital's Ramesh said the lull would continue this year, but demand could pick up in early 2009 when global and Indian markets are expected to stabilise.
ET...

11 Aug 2008 12:00

hey ankur

i thought no one would be interested in my pf so i did not mention it here and decided to send you a pm how come you do not come on the board these days

regards
preeti...

In reply to:

Its time to prepare shopping list guys !

Posted by : librankur

Dear Preeti,

it would be better if you could post your messages on this board and avoid writing PMs , i never check those.

Also, writing stuff here would get you responses from varied members, which in all cases would be rewarding to you.

:-)

11 Aug 2008 11:39

Austral IPO

Posted by : k3067
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I Think Its Better IPO
Because in this Fight (GujNre & Austral coke ) investor will get good return..........

10 Aug 2008 21:49

India, China IPO activity loses steam in 2008
---------NEW DELHI: The IPO activity in the Asia Pacific region has nearly halved in the first half of this year, with two of the fastest growing economies -- India and China -- reporting a drop of nearly 18 billion dollar in mobilisation of such deals.

The total capital gathered by India Inc through IPO in the first half of 2008 stood at 4.07 billion dollar as compared to 7.68 billion dollar in the same period in 2007, global accounting and consulting firm Grant Thornton said.

Meanwhile, data by another deal tracking firm Dealogic said IPOs by Chinese issuers have raised 15.5 billion dollar through 103 deals so far this year, nearly half of the amount raised in the corresponding period a year-ago (29.5 billion dollar).

"This mirrors the wider Asia Pacific trend where issuance decreased 47 per cent to 28.2 billion dollar by way of 330 deals," Dealogic added.

The slowdown of the IPO activity should be seen in the light of the fact that equity market across the world corrected sharply. While the Shanghai Stock Exchange Composite Index plunged 47.82 per cent, the Bombay Stock Exchange benchmark index Sensex lost as much as 29.23 per cent in the first half of this year.

"The decline in IPO activity is largely because of the current bearish trend in market condition. Equity markets have tanked so much that companies do not get good valuations.

"In such a scenario, IPOs don't even get fully subscribed and in some cases these firms have withdrawn or deferred their IPO plans," Ashika Stock Brokers's Research Head Paras Bothra said.


ET...

10 Aug 2008 17:32
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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.

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