Allied Computers International (Asia) Ltd IPO Message Board (Page 5)

i think the ipo is very good

thank you mr ratilal sheth.now i will first check sp tulsiyan site. will you advise me whether in dhanush tech or not. ther are contrarian reports about dhanush. please advise .

What happ to the date of this ipo.... Cant see this in ICICI as well .... Postponed or cancelled??

i appreciate the analysis done by vivek. such good work is quite useful. it is better to avoid such ipos.

Premium Investments
New Issues Analysis(IPO) Sep 06, 2007

Expensive even at par
Allied Computers International (Asia) is entering the capital market on 7th September, 2007 with a public issue of 50 lakh equity shares of Rs.10 each at a premium of Rs.2 per share. The share is listing only on Bombay Stock Exchange.

While analyzing the prospectus, one cannot help but think of the olden days of 1994, when such companies, used to rampantly tap the capital market. The company does not have any robust business model, has a very high equity base with very low profitability. Yet an IPO is structured, that too, for a tiny amount of Rs.6 crore. This maybe a small amount for the capital market but it certainly seems quiet high for the company, given its fundamentals.

The company is into assembling and marketing of laptop computers by importing it from Taiwan, China and Singapore as also sourcing locally from other various stockists laptops, computer components, peripherals, screen, hard disk etc. For FY 07, total income of the company was at Rs.39.88 crores with PBT of Rs.1.35 crores. EPS is meager at 76 paise. Of sales of Rs.38.13 crores, service receipts are every low at Rs.1.48 crores. The total PAT in last 5 years was at Rs.1.70 crores on total income of Rs.97.42 crores. Really pathetic!. The net worth as at 31-03-07 was at Rs.13.08 crores with PAT of Rs.89 lakh, a return of less than 7%. Even bank deposits would have given better post tax return. And this has been the profitability trend for the past five years and this is expected to entice investors to put money in the company!

The company is now setting up a Global Laptop, TFT and equipment service centre at Vasai on an area of 15,000 sq. ft. The total cost of project is Rs.7.78 crores, which is partly financed by term loan of Rs.1.78 crore and Rs.6 crore from proposed issue.

Post issue equity would rise to Rs.19 crores which would be a big dampner and EPS may not exceed Re.1 in FY 09, post new project. In such a situation, share will not have any investor interest and may even rule below Rs.10. Infact, the company does not qualify for a public issue and such issues must be discouraged. Surely avoid.

what is the grey market primium?

Now attention is shifted to Laptop instead of Desktop. So great future for this company

what is the lot size? can any body tell me.

Will this be available thru ICICI Direct? If not What are the alternatives to apply?

How much it's lot in retail and in QI ?
Total issue size?

ACI is kutcchi patel company. aziz premzi, aashapura minecam, euro tiles, asian tiles,patel engineering, HCC, sanghi ind., they all kutchhi. so dont worry about this.

20 days back There was a news that by next year they are going to bring low cost Lap-tops as low as 15000-20000 which appears
unbelievable, but if we look at the company, it has big plans and playing in a sector where all big players, MNC's are operating.
ICRA Limited (“ICRA”) has assigned an IPO Grade ‘1’
which means that Fundamentally its a weak company.
networth of the company is 8.585
EPS is around 2.32, P/E is 5.17(Rs 12 as share value).

if you consider the P/E with other alike peers it is pretty low which is very promising about this

You can invest a little amount ~5000 for this ipo.
Financially its a good company, but Fundamentally its Just OK

have an 1st hand experience with this company , they dont produce laptop but import it from taiwan rebrand it and sell it tat is there business model... company is a thug... sells hardly 400 laptops a month

Good issue...Great business model...Dont miss it...Very cheap bet...

hi friends
can any one give me the premium of this ipo? i shall glad if any one can furnish the financial of the company and promoters.

ACI VERY GOOD PUBLIC ISSUE.

does any one know about this company? i want to apply.

ace ipo is very risky but take chance of more risk more profit by appl. mini. appl.

ACI Premium is Rs. 50 per share on listing
You know about CTE is ten issue listing at 85 (two months back)

YES DONT TRUST GREY MKT PREMIUM. PURVA HAD A GREY MKT PREMIUM OF 40 . SEE THE LISTING PRICE NOW