A2Z Maintenance & Engineering Services Ltd IPO Message Board (Page 10)

Rakesh Jhunjhunwala has 21% holding in this company and is selling 4% in this IPO - CNBC

A2Z MAINTAINCE &ENG LTD
THIS STOCK IS LIKEY TO GET OVER SUBCRIBTION AND AGAIN RETAIL INVESTORS WILL HAVE TO GO IN FOR AN LESS ALLOTMENT OF SHARES
TAKING IN TO CONSIDERATION OF THE PREMIUM OF RS 60 ONLY AND LONG TERM INVESTMENT IS NOT RECOMENDED IN THIS STOCK I WILL ADVICE MY FREINDS ONLY TO APPLY FOR LISTING GAINS THIS STOCK IS HIGHLY VALUED AND IF THE MARKET TANGS THE SHARE WILL BE BELOW PAR AFTER 3 OR 4 MONTHS
I HOPE YOU ARE KEEPING LOT OF FUNDS FOR L&T FINANCE AND SOME FUNDS FOR P& S BANK
I AM ONLY GOING TO INVEST FOR TWO LOT IN ALL MY FAMILY ACCOUNT ONLY TO TASTE THE LOTTERY AND PURE LISTING GAINS
GOOD LUCK HAPPY INVESTING

bahut mahnga h mere hisab se not applied

how many times do u find it oversubscribed in retail...

At Rs 400-410, the company is demanding a valuation of 30x on FY10 earnings, on its post issue capital of Rs 75.60cr, which is very expensive. The company is not into exiting business to demand such high valuation. The company derives most of its income from EPC segment. The revenue from the other verticals are yet to pick up. Do not be mislead by the big name, IPO grading, associated with the issue. Even SKS Micro had the big names like Sequoia, Sores, Narayana Murthy and the same IPO grading. Within 3 months of its listing the share are down 30%, to its offer price.

AVOID THIS ISSUE.

I think it as completely avoid, it will have same fate as Ramky Infrastructure. Good company but pricing is very high. In Ramky almost all brokers houses adviced to subscribe but it is trading far below issue price

During SKS micofinance issue everybody wondered how Narayanamurthy's money got multipled. Now Rakesh Jhunjhunwala is selling 5 lakh shares from his holding in A2Z and will be getting about 20 crores which is roughly equal to the money he invested in A2Z in 2006. He will have 1,15,51,125 shares left in A2Z, which is worth more than 460 crores! Now understand who makes money. Recall what I said in one of my earlier posts: Money, unlike water, always flows upwards!

everything about A2Z is good.. BUT BUSINESS LINE PAPER IS ALSO GOOD.. IT HAS MENTIONED TO AVOID A2Z.. CAN ANYBODY DISCUSS ABOUT THAT . COS I COULDNT UNDERSTAND IT .. WITH REGARDS

Dear Sreedhar,
I could not follow your track as I was away the whole day yesterday. Had I been around I could also have entered Hanung Toys, which gave ample opportunity to enter yesterday. Let me see if I get the opportunity to enter now. Anything around 225 could be good to enter I hope.

THIS IS AN AVOID IPO..

THIS MAY EVEN GIVE NEGATIVE RETURNS..

U MAY GET SUPERFIRM ALLOTMENT I.E. RS. 2 LAC WORTH ALLOTMENT PER APPLICATION AND ULTIMATELY THIS COULD BE SUBJECT TO A NEGATIVE RETURN OF 25% ON LISTING...

GOLDEN RULE OF IPO: ITS MORE IMPORTANT TO PROTECT CAPITAL THAN TO GENERATE EXTRAORDINARY RETURN...

MY OPINION : AVOID COMPLETELY.. DONT EVEN TRY APPLY TOKEN... APPLY IS P&S BANK AND L&T FIN.

PRICE BAND IS HIGH,SIMPLY AVOID. RESERVE YOUR CAPITAL FOR p&s BANK IPO AND LnT finance

Fair value rs. 158.

Doctoripo,
A2Z is expensive compared to listed peers & it is also one of the parties charge sheeted in commonwealth scam

Dear Sreedhar,
Waiting for your comments for A2Z

As Given by CM website
"Reportedly, Central Vigilance Commission (CVC) has forwarded a complaint to the Chief Vigilance Officer (CVO) of the Ministry of Youth Affairs and Sports for a fact-finding report on allegation Amit Mittal, the promoter of the company, paid money to a certain government official in India in connection with the FMS contract that was awarded to the company for the Commonwealth Games held earlier this year in Delhi. The company states this is a media report and it has not received any notice from any regulatory authority in connection with the matter referred to in such news reports. It adds that the contract worth Rs 19.30 crore was won on competitive bidding process only. If any proceeding is initiated it will damage the reputation and business prospects of the company. "

IPO Grade is 4 but pricing is not attractive at these levels. PE is on higher side. Can give a miss to this IPO in current market scenario.

waste as per capital market ... certified 35/100 !!

Presence in too many fields

Asking price is very high considering the limited track record in many fields, continuous negative cash flow and lackluster order book

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Consolidated revenue of the company for the year ended March 2010 surged 70% to Rs 1219.29 crore on the back of increase in the size of EPC business as well as FMS business. During FY 2010, the revenue was benefited on account greater contribution from short duration projects. The increase in size of FMS was largely on account of addition of new clients as well as inclusion of revenue generated by CNCS, in which it acquired majority equity interest in October 2009. The net profit was higher by 66% to Rs 97.87 crore. The EPS on post-issue equity of Rs 74.18-73.16 based on offer price of Rs 400-410/ share works out to Rs 13.2-13.3 for FY2010.

At the offer price band of Rs 400-410/ share, the PE works out to 30.3-30.8 times, which is very high compared to much larger and established players in T&D EPC such as KEC International and Kalpataru Power Transmission, which are available at a PE of 12.1 and 14.8 times of their FY 2010 consolidated EPS.

Dear Sreedhar,
Trouble in Uflex. It went down 20% today. Do you see an opportunity there, if not now at least in the near future?

ndian billionaire investor Rakesh Radheyshyam Jhunjhunwala will be the most beneficial investor in A2Z Maintenance and Engineering Services, which is coming out with an initial public offering (IPO) on December 8. He is offloading about five lakh equity shares (more than 4% stake) through the IPO out of its total holding of 1,20,51,125 shares i.e. 21.03% stake.
Jhunjhunwala will receive more than Rs 20 crore by selling five lakh shares at the higher end of the price band of Rs 400-410 per share, which was equal to the amount he invested in A2Z Maintenance in 2006. The total valuation of his holding in the company stands at Rs 494.09 crore, which means market cap of company will be more than Rs 3,000 crore.

Promoter Amit Mittal holds 48.13% stake in the company. Among others, Beacon has a 12.04% stake and Lexington holds 7.67% in the company.

A2Z p/e very high