Ashoka Buildcon Ltd IPO Message Board (Page 26)

I have insider news will list at hugh premium. apply in full blast in ashoka buildcon. am puuting in my 10 full applications.

can anybody advise me number of shares to be applied - having bank balance

ch. as

An important analysis

Here is the list of IPOs which are subscribed around 1 time in employee Quota in 2010

1. Technofab issue price 240
Listing day high around 307

2. Midfield Industries issue price 133
Listing day high 175
today around 400

3. Prakash steelage issue price 110
Listing day high 200

4. Career Point issue price 310
current GMP is around 50 %

5. Ashoka Buildcon :- already subscribed 0.7 times

Moral:- An employee knows the best abt the company in which h/she is working. About the future growth etc etc, Also the insider news about the satta

Apply in full load in Ashoka to have a very very decent listing gains

Good quality issue, chances of losing money is very very less

SJ,
GOOD POET AVATAR. LIKED THE LYRICS. HOW DO YOU GET TIME FOR ALL THIS? WONDER!

YOU WERE RIGHT ON ELECTRO STEEL FROM THE BEGINNING. MARKET HAS ONCE AGAIN PROVED YOU WERE RIGHT.

REGARDS

good ipo

`Subscribe` Ashoka Buildcon IPO for long term: Swastika Investmart

Subscribe to Ashoka Buildcon IPO at Rs 324/sh: PINC Research (Strong buy report in Moneycontrol.com)

90% issue subscribed... hurry apply fast

i have fund for two full appl
pl advice ,which ipo should be apply

Subscribed 1x till time on first day. very good responce. Do application, you have 4 days time. Get incash

IT Seems there is sudden reduction in the investor interest in the new IPOs which have hit the markt now as observed from the reduction in GMP.
1. It appears as if some analysts have not done proper home work . For eg BL has gievn invest in Ramky and orient power ; both of the issues have got lukewarm response.
2. Probably the analysts have not got proper time for judging due to the IPO flood.
3. The issue of Electro steel was given avoid by BL, but it is now getting subscribed better.
4. IPO deluge appears to be resulting in investor fatigue
5. The bunching will result in the listing of these companies almost nearby days, which will result in increases supply of paper in the market.
6. Markets are at a high and people with money could be waiting in sidelines.

The fall in the new IPOs due to the above reasons could ultimately result in tame listing of most of these IPOs. The Cos with good subscription and long term bets will command better premium.

others will somewhere near the issue price , but may not go down.

REGARDS

Sharekhan sees lot of value in 2 new projects of Ashoka

The offer is priced in a band of Rs 297 to Rs 324, resulting in a price/book value (BV) of 2.3-2.5x its FY2010 book value respectively. This is largely in line with the average valuations of its peer group companies. However, we see a lot of value in the two new projects bagged recently where financial closure is awaited. These two projects would provide upside in the near future

HIGH COURT STY. NOTICE IN "GUJARAT SAMACHAR " TODAYS NEWS PAPER.

COMPANY ADVERTICE / NEAR- NOTICE.

Sharekhan has BUY on Ashoka in moneycontrol.com

ashok's projects in bot sector-

Operational project portfolio :-

No Name of projects Lane KM Stake (%) Project cost Toll Concession
Rs (cr) collection period
began expires
1 Indore- Edalabad road 406 86.7 165.3 In phases from Apr-17
2002 to 2004
2 Pune-Shirur 216 100.0 161.0 Jul-05 Oct-15
3 Ahemednagar-Aurangabad Road 168 100.0 102.7 May-08 Sep-16
4 Katni Bypass 35 99.9 70.9 Feb-08 Sep-18
5 Dewas Bypass 40 100.0 61.3 May-04 Aug-15
6 Ahemednagar-Karmala Road 160 100.0 50.4 Aug-99 Nov-15
7 Wainganga Bridge 26 50.0 40.9 Mar-01 Feb-18
8 Nashirabad Railway over bridge 8 100.0 14.7 Jul-00 Nov-10
9 Sheri Nallah 7 100.0 14.2 Oct-00 Jul-15
10 Dhule Bypass 12 100.0 5.8 Mar-98 Jan-11
11 Foot over brige in Mumbai (Godrej) NA 100.0 0.7 Apr-02 Aug-16
12 Foot over brige in Mumbai (Priyadarshani) NA 100.0 0.7 Jan-03 Aug-12
13 Foot over brige in Mumbai (Pravin Hotel) NA 100.0 0.8 May-03 Aug-17
14 Foot over brige in Mumbai (Tagore Nagar) NA 100.0 0.7 Jul-03 Aug-18
15 Foot over brige in Mumbai (Louis Wadi) NA 100.0 0.4 Feb-03 Aug-13
16 Foot over brige in Mumbai (Mental Hospital) NA 100.0 0.5 Jul-02 Aug-13
17 Anawali-Kasegaon Road 22 5.0 7.4 Mar-04 May-17
Total 1213 698.1


Non-operational project portfolio:-

No Name of projects Lane KM Stake (%) Project cost Completion Concession
Rs (cr) date period expires
1 NH-6 Bhandara Road 320 52.0 535 Jul-10 Mar-28
2 NH-6 Durg Bypass 332 53.2 587 Dec-10 Mar-28
3 Jaora-Nayagaon Road 319 13.8 818 Aug-10 Feb-33
4 NH-3 Pimalgaon - Nashik 452 26.0 1407 Jun-13 Jan-29
5 NH-4 Belagaum-Dharwad Road 454 98.7 630 30 yr from Dec-2010
6 NH-6 Sambalpur-Baragarh Road 408 98.7 1008 30 yr from Dec-2010
Total 2285 4985

Experts as well as brokerage houses were mixed in their opinions. Investment advisor, SP Tulsian felt valuations of Ashoka were looking stretched even at the lower end of the price band and suggested giving this issue a pass. "It is an unwritten law that there should be a gap of about 15% in IPO price and expected listing price of a share. So if, IL&FS, a better and bigger portfolio, with better parentage, is ruling at a PE of less than 19.50 times, how this company can dare to issue share in a PE of 18 to 19.50 times? On top of it, contracting or EPC companies, of this size are ruling at a PE of around 10 times. So, if we take an average of both, ideal PE of the company on bourses should be 14 times and issue should have been made at a PE of less than 12 times," Tulsian explained.

However, Manish Bhatt of Prabhudas Lilladher advised subscribing the issue. While Angel Broking has recommended a "neutral" view on the IPO. "The company is not comparable to market leaders IRB Infra and ITNL on account of having smaller scale of operations in spite of being an early entrant in the space. The IPO is available at 2.5x and 2.3x FY2010 P/BV on the upper and lower price bands respectively, which again is at a premium to its peers, Sadbhav Engineering and NCC. Hence, on account of being fairly priced and with most positives factored in, we recommend a neutral view to the
IPO," suggested the broking firm.

Another leading borking from, Sharekhan in its research report said, "With 17 projects already operational and three more to get operational this fiscal, there is good revenue visibility in terms of toll revenue. Further its strong order book position of Rs 3,200 crore provides strong visibility in the EPC revenue growth in the coming years. The offer is priced in a band of Rs297 to Rs 324, resulting in a price/book value (BV) of 2.3-2.5x its FY2010 book value respectively. This is largely in line with the average valuations of its peer group companies. However, we see a lot of value in the two new projects bagged recently where financial closure is awaited. These two projects would provide upside in the near future."

IT SEEMS VALUATION IS ON HIGHER SIDE. SJ/GEM/SREEDHAR YOUR VIEWS PLEASE

the mumbai nasik highway is done by sadbhav engg. ashoka is building the pune aurangabad highway. also the nagpur raipur highway is being done by them.

C A U T I O N
- - - - - - -

Ashoka has disclosed some litigation going against them against them against the public issue. money can get stuck as court is hearing it on 28 th of Sep (Closing date of issue). Case filed on July 23,2010. Not mentioned in the DRHP.

Refer todays Economic times, Page 19, bottom left

@ anon,

1st come by an id before blaming someone. Have guts to show your face isntead of coming as anon.

2ndly, It was my advice only. Like other boarders I'm suggesting something that benefits everyone. All I said is instead of putting bids at cut-off we can put bids at floor price and lower bids and loot ashoka and QIB. If they can loot us poor retailers why can't we join hands and give a try?

Just by watching cnbc you don't become trader. If that was the case people would have stopped giving TRPs to saas bahu rona dhona and sit and made money. Dude those analysts sitting just speak crap.

Have you ever seen Gaurang Shah or Ashwini Gujral Or Prakash Gaba or any tom dick and harry disclosing any holding? They call with surity that this and that share will be 20% within x days. Why don't they but themselve? Why are they working as analysts for 20000 pm inseatd become Warren Buffet?

Dear @90,
I think aap kabhi share market ke pichhe se be nahi gaye hai, If we dont have any idea @ any company, hame chup baithana chahiye.
see CNBC TV 18 or awaz.