somebody tell me why mr. s.p.tulsian went wrong in all the analysis, means if he say for some ipo to apply those ipo does not outpeform on listing and when he said stay away that ipo had bumper opening on listing day
ASS infrastructure: Donot apply as all companies now come with ipo by putting names either power or infrastructure.. very expensive issue. Rs 10 shares is being issued at 450. careful with your money...............
ok, I got your point... I also applied for Cox and Kings IPO after reading this space and pretty happy about it. I will apply to ARSS also. Any idea about Hathway?
arjun, What I said was Hindu businessline is frugal in Giving Invest Reco for IPOs.Whenever it gives Invest Reco for private companies you can be rest assured that we are investing in a fundamentally sound company.I made made up my mind to apply for CoxnKing but after the reco I found conviction in applying for the co and increased number of full applications.Even DB Corp also I increased my applications after Invest reco in Businessline.Even with such a stupendous listing Jubilant food works has not yet given me the same profit as CoxnKings.Even though Business line gave avoid for Jubilant I applied as I had conviction in the company.What happened to Infinite even with such a good listing we have not made much money in Infinite .So CoxnKings was a Jackpot which happened soley due to my trust in Businessline.Anyhow it seems ARSS is going to get max retail subscription in recent history.Even full application will get allotment by lots.I expect it to be subscribed more tha 15 times.
Apply for ARSS Infra IPO, target of Rs 525-575: Swastika
Swastika Investmart has come out with a research report on ARSS Infrastructure IPO. The research firm has recommended applying for the issue with price target of Rs 525-575 in medium term.
Orissa based infrastructure company entered capital market with an IPO of Rs 103 crore today. The price band is at Rs 410-450 per share and the issue will close on February 11, 2010.
The report says, ARSS Infrastructure’s IPO is aimed at funding its capital requirements for various Joint ventures and also its future working capital requirements. The company has developed expertise in railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. It has successfully completed over 200 kms of rail line and over 300 kms of roads and highways."
"Considering the long-term infrastructure story in the country to continue and ARSS’s significant experience in this field, company is expected to have its own share of projects procuring in future. Hence, we recommend applying for the issue with price target of Rs 525-575 in medium term. Listing gains on stock can also be seen," according to Swastika Investmart.
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TODAY SUBSCRIPTION ..............................................Total Issue Size 2512195 Total Bids Received 1718910 Total Bids Received at Cut-off Price 129810 No. of times issue is subscribed 0.68
800+ !!!! what i can say the one year target post listing.imagine a co of 600+ crores sales with more than 8% PAT margin is coming out at less than 7 PE. Comparables are not less than 10 PE. RAILWAY CONTRACTOR + GIGHWAY DEVLOPER & look what IRB INFRA & L&T getting PE. surely one cant miss it, no fear of much loss as the IPO is for rs.103 crores u will not get more than 1-2 lot at maxm bid. listing gain could be 80-100 for sure.