A2Z Maintenance & Engineering Services Ltd IPO Message Board (Page 9)

Dear Friends,
No doubt Issue Subscribed 0.72 Times on BSE where you will find Subscription only in HNI, No QIB yet Bid for a single share.
I think Promoter & the lead manager have with the help of HNI investor got it Subscribe. Once the Issue get over subscribed they will withdraw there application.
The Issue Price for the such an issue is very high compare to others. I warn small investor to avoid this issue & subscribe for Punjab & SINd Bank, & Even for One97 commnication.
Clear Avoid Issue no return on Investment.

The Promoter who Invested Rs 10 for shares 4 year ago, Needs Rs 400 from the investors from the same shares Nearly an appreciation of Rs 390 per Share.

Hanung Toys has a very good support level at Rs. 160 which it will test in near terms irrespective of the market situation. If it breaks that level then it will come down to even Rs 120. The company has also postponed it QIP Plan as informed to BSE & NSE on 7th Dec. 2010(Because of QIP, the price of this shares has increase so fast due to circular trading). Hence all are requested to keep away from this Toys.

A2Z ropes in ankhor investors and issues shares at Rs. 400/-.

Gane.

So much diferrence in BSE and Nse

A2Z MAINTENANCE & ENGINEERING SERVICES LTD - NSE Bid Details                        
Updated as on 08th December 2010 at 1600 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)       7527656      0      0.00
1(a)      Foreign Institutional Investors (FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            0      
1(c)      Mutual Funds            0      
1(d)      Others            0      
2      Non Institutional Investors      3199679      0      0.00
2(a)      Corporates            0      
2(b)      Individuals (Other than RIIs)            0      
2(c)      Others            0      
3      Retail Individual Investors (RIIs)      7465918      46170      0.01
3(a)      Cut Off            16965      
3(b)      Price Bids             29205      
4      Employee Reservation      100000      45      0.00
4(a)      Cut Off            0      
4(b)      Price Bids             45      
            18293253      46215      0.00

manish Patel,

Check BSE bid details. The issue is already subscribed by 72% at 4 PM.

I think the operators are going to play an important role in this IPO.

Gane.

grey market premium has come down sharply from 90rs to 40rs

A2Z MAINTENANCE & ENGINEERING SERVICES LTD - NSE Bid Details                        
Updated as on 08th December 2010 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)       7527656      0      0.00
1(a)      Foreign Institutional Investors (FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            0      
1(c)      Mutual Funds            0      
1(d)      Others            0      
2      Non Institutional Investors      3199679      0      0.00
2(a)      Corporates            0      
2(b)      Individuals (Other than RIIs)            0      
2(c)      Others            0      
3      Retail Individual Investors (RIIs)      7465918      37140      0.00
3(a)      Cut Off            9900      
3(b)      Price Bids             27240      
4      Employee Reservation      100000      0      0.00
4(a)      Cut Off            0      
4(b)      Price Bids             0      
            18293253      37140      0.00

A Company with very good business sense..expensive things get better customers...Many Experts of the same businessline as that of A 2 Z who knows management as well are BULLISH and investing in the issue

A2Z at 3 p.m subscribed 72% overall.

Why Sreedhar's Toys(Hanung) down 10% now?

WHEN THE MARKET IS DOWN PL DONOT PURCHARE BETTEN DOWN MID CAP STOCK THEY ARE LIKEY TO GO DOWN MORE OR NOT GOING TO RISE FAST AS THE OPERATORS WILL SWITCH TO OTHER MID CAP STOCK
BEST OF LUCK AND HAPPY INVESTING

Sreedhar,
give your opinion regarding Hanung Toys, now it is lc.What should be done

Gremarket premium is Rs 45 to 65..

PLZ AVOID THIS IPO OTHERWISE YOU WILL LOOSE MONEY

I am a newbie to IPO markets.....is this IPO worth investing...kindly suggest. thnx.

A2Z MAIN TILL 12.00 NOON ONLY 15 SJARES APPLIED AT CUT OFF...


SUPERFIRM ALLOTMENT WILL COME AND WILL GIVE SUPER NEGATIVE RETURN

M Gupta JEE KAHI APP HI TO SJ NAHI HI APP LOOT KOOT LOOL KA USE BAHUT KARTI HI BAI MATURE KI THARA BAAT KARI

a must buy !!!! good past with bright future plans in the Core Sector with Asia's largest MSW plant operation at Kanpur

I Personally think for short term gains on listing with leaving atleast 50% shares for long term which shall be very profitable

Angel Broking: Avoid

A2Z`s existing revenue and profitability are derived from the power EPC business, while the MSW and power generation projects are expected to contribute meaningfully from FY2013. Since FY2011 and FY2012 revenue would largely be dominated by the power distribution EPC business, the appropriate peer comparison would be with Jyoti Structures, KEC International and Kalpataru Power Transmission. Even at the lower price band of 400, A2Z would trade at a P/E multiple of 23x FY2010 earnings, while its peers are currently trading at an average P/E of 12.5x their TTM earnings, thus placing the scrip relatively expensive.

SMC Global: 2 ½ on 5

The power sector in which the company operates has great opportunity going forward. In order to cash the opportunity A2Z is diversifying its business from being an EPC service provider for power distribution and Transmission Company to green energy power generation. The outlook of MSW segment of the company is also good, in a scenario where the government has planned for 100% population coverage for which approximately Rs 22.12 billion fund is required. However, small business operation with lack of experience in the new business segment is a concern. On the valuation side, the post issue P/E of 31xand P/B of 2.78x, the scrip pricing of Rs 410 seems expensive in comparison to other players in the industry.

At the FY10 EPS of Rs. 17.28, share is presently being issued at PE multiple of 23.7 times based on historical earnings, at the upper end of the price band of 410, while the PBV multiple, at upper end, is 5.5x, based on BVPS of Rs. 75, as of 31st July 2010. One can compare the company to other listed EPC players, as about 90% of its current revenues are contributed by this segment alone. KEC International which reported FY10 sales of Rs. 3,900 crore and EPS of Rs. 38.3 is presently quoting at PE of 11.75 and PBV of 2.9 times, with market cap of Rs. 2,274 crore. On the other hand, Kalpataru Power, with FY10 consolidated sales of about Rs. 4,000 crore, reported EPS of Rs. 13.50 on a low equity base of just Rs. 26.5 crore, is ruling at PE of 12.5x and PBV of 2.5x with market cap of Rs. 2,500 crore.

On the other hand, post-listing market cap of A2Z Maintenance, at Rs. 410, works out to Rs. 3,000 crore, while enterprise value works out to Rs. 3,460 crore. This is definitely a very aggressive asking price, given the concern on sustained profit margins in the future. No doubt the company has a definite edge over other renewable energy companies like recently listed Orient Green Power or I.T. solutions for power utilities companies like KLG Systel, but may keep away investors, who are not keen on taking exposure in the hybrid business models, that too with lower margins in the new business, coupled with the management issues of tiny power projects located at diverse locations.

Since Rakesh Jhunjhunwala continues to remain invested, his midas touch may keep the stock in ‘premium list’, getting an added advantage (read higher valuation) over peers, as seen in his other portfolio stocks such as Titan and Crisil, to name a few.

Purely on fundamentals, the issue is aggressively priced.