Ashoka Buildcon Ltd IPO Message Board (Page 27)

Mere khayal se bhar sakte hai, abhi mere behen ke application ke liye maine mere account se cheque diya tha.

hello guys..

kya hum third party check bhar sakete hena koi bhi IPO me? matlab me mere papa k bank a/c ka check de sakta hu na?

GEM DOES ASHOKA OPERATE NASIK HIGHWAY MUCH LIKED BY U?

Aao iski bhi maaren milke. Instead of applying 1 lac apply 12474 at lower band. It's a big issue. If we deal it with brain we can get this too at lower band. Just avoid Indian herd mentality.

IPO IS VERY GOOD.COMPANY IS DOING FANTASTIC WORK.COMPANY HAD DONE ALL MILES STONE. FIST BOT PROJECT IN MAHARASTRA. FIRST BOT PROJECT IN M.P.
LIMCA BOOK WORLD RECORD FOR COMPLETING RIVER BRIDGE IN 38 DAYS. COMPLETED MEGA HIGHWAY IN RAJASTHAN BEFORE 95 DAYS AS PERIOD GIVEN 12 MONTHS.AND GOT 1.90 CR RJ.GOVT.AS REWARD.COMPLETED ECR ROAD IN .CHENNAI/PONDICHEY, IS MODEL ROAD DECLARED BY GOVT.OF INDIA.DOING MANY BOT PROJECT AND HIGH WYAS.MANY MANY OTHER WORKS DONE.PROFIT AND TURNOVER CHART CLIMBING SPEEDLY. SHARES RATE WILL BE IN NEXT 5 YEARS ABOUT RS.1500 .ORDER WORK IS ABOUT 4000 CR.JOINT VENTURE WITH L&T.

ASHOKA will rock as its fundamentals are good, you can see the profit of ASHOK year on year it is straight line. so this IPO will give you guaranteed listing gain.

i have a query..
I am a existing shareholder of State bank of mysore..
i plan to subscribe for rights issue for 2lacs..(issue pprice 540, cmp 920)
is it worth applying..as i have never subscribed for any rights before

GMP for Ashoka is 35 while for Techpro is 55, although not much difference in higher end issue price. IPO experts which one should we go for . Thanks in advance

Good morning friends !!!
Gray marketnu khabar su chhe? "about ashoka"

Ramky no to waat lageli chhe... very poor!

I UNDERSTAND FROM MY TELEPHONIC QUERRY THAT ASHOKA APPLICATION FORMS ARE AVAILABLE WITH SYNDICATE MEMBERS & SUB-SYNDICATE MEMBERS .
EXCEPT FOR ASBA APPLICATIONS, YOU CANNOT USE DOWNLOADED FORMS. DOWNLOADING IS APPLICABLE ONLY FOR ASBA APPLICATIONS, WHICH CAN BE DOWNLOADED FROM nse & bse WEB SITES

Dear hchc,
Even at consolidated basis, Ashoka 's P/E & P/BV are lower than IRB & ITNL

Dear mahesh Gupta
pls note that March 2010 consolidated figures are disclosed in RHP.
figures for 3 yrs are:

2008 2009 2010
TOTAL INCOME 324.80 520.50 797.50
NET PROFIT 36.80 34.70 85.90
N P MARGIN % 11.30 6.70 10.80
EPS 7.29 7.49 17.34

Guys,

Check consolidated profit nos. while calculating Pe ratio and does Ashoka still have the lowest PE???

WHAT ABOUT FINANCIAL RESULT OF MARCH 2010. WHY AFTER 6 MONTH OVER 7 IPO ON CARD, COMPANY IS NOT DISCLOSING THE RESULT?

MAHESH GUPTA

dear GEM,

do the Collection agents accept the appln forms downloaded AND PRINTED from NSE web site.

dear chittorgarh team

I request you to attach a link to download the appln forms from NSE or the apln form can be fully downloaded and given as attachment in your web site.

regards

IPO IS PRICED AT 297 LOWER BAND & 324 HIGHER BAND
MINIMUM LOT IS 21 SHARES & AT HIGHER BAND,Rs. 6804 IS PAYABLE. MAX LOT FOR RETAILER IS 14 LOTS-294 SHARES.
HAPPY INVESTING

FROM STUDY OF ASHOKA'S FINANCIALS, IT IS CHEAPEST ROAD INFRA DEVELOPER COMPANY
COMPANY      PRICE      EPS      P/E      RONW      NAV      P/BV(POST IPO)
ASHOKA      324.00      17.34      18.69      18.69      129.00      2.51
IRB      277.00      1.70      162.94      4.20      41.20      6.72
ITNL      345.00      15.90      21.70      27.20      81.10      4.25
GAMINFRA24.80      0.20      124.00      2.80      7.40      3.35

PLEASE ADVISE FOR SUBSCRIBE ASHOKA , VATECH , TECPRO IPO
AND CURRENT GRAY MARKET & RATING

IPO ANALYSIS: ASHOKA BUILDCON LIMITED – WELL BUILT
The build, operate and transfer (BOT) operator in the states of Maharastra, Madhya Pradesh and Chattisgarh is entering the capital market on 24-09-10 with issue of equity shares of Rs10 FV, amounting to 225cr, in the price band of Rs 297-324. The issue closes on 28-09-10. Enam Securities, Motilal Oswal Investment Advisors and IDFC-SSKI Limited are the BRLMs.

PROMOTERS AND BUSINESS:

The company is promoted by Ashok M.Katariya, Satish D. Parakh, Ashish A.Katariya and Aditya S. Parakh.

Ashoka Buildcon, incorporated 1993, is in to the business of undertaking EPC contracts in roads, bridges, commercial and industrial buildings, and power transmission and distribution (T&D) projects. Apart from building roads and bridges, the company operates them on a BOT basis. It is one of the first players to enter the BOT domain.

The business is organized into four divisions, namely the BOT division, the engineering, procurement and construction (EPC) division, the RMC and bitumen division and the toll collection contract division.

The company was first awarded the BOT project in 1997 - the Dhule bypass in Maharashtra. The company currently operates or has an interest in 21 BOT road projects totaling approximately 2,523 kilometers of lanes in Maharashtra, Madhya Pradesh and Chhattisgarh. Six BOT projects are under execution.


OBJECTS OF THE ISSUE:

The Company intends to utilize the Issue for the following objects:
1. Investment in capital equipment - Rs 25cr
2. To meet working capital requirements -Rs 45cr
3. Prepayment/ repayment of project loans - Rs55cr
4. Funding certain Subsidiaries for prepayment/ repayment of loans –Rs 60
5. General corporate purposes - Rs 30cr.



FINANCIALS: Rs in crores

      2008      2009      2010
TOTAL INCOME      324.80      520.50      797.50
NET PROFIT       36.80       34.70       85.90
N P MARGIN %       11.30       6.70       10.80
EPS       7.29       7.49       17.34






STRENGTHS:

Established track record in timely completion of projects.
Proven execution capabilities in the EPC.
Strong industry prospects, order book.
Sound financials.

RISKS:

Company’s ability to increase toll rates due to increase in operational costs, is restricted.


VALUATION AND RECOMMENDATIONS:


The company has excellent execution track record in EPC and BOT projects. IDFC PE holds 15% equity (pre issue) in the company. The road and infra sectors likely to witness robust growth in the coming years. The company is well positioned to en cash the opportunity. Experienced promoters. CRISIL IPO grade 4. At Rs 297 - 324, the company is demanding a valuation, around 19 times its FY 10 earnings. INVEST.

Great IPO every one should fill it .

Sanjay Kankaria