(1)In fiscal 2009 and fiscal 2010, Ashoka Buildcon had registered a consolidated total income of Rs 533 crore and Rs 814 crore (up 53 per cent), respectively. It had posted a consolidated net profit of Rs 34 crore and Rs 80 crore (up 135 per cent) for each respective financial year.
(2)post ipo no. of equity shares = 4.57 crores (+) ipo for 0.7 cr shares ( as co targets to raise rs.225 cr market buz of the price is around 280-300) = 5.32cr shares
(3) eps for fy'10 = Rs.15, pe @300 = 20times
(4) its peer is IRB INFRA trades @ 28 pe based on fy'10 nos AND ITNL trades at 17 times, it also has other business...
conclusion: it is growing at scorching pace a bit higher than itnl and irb if we assume 30% growth in pat in fy '11, its eps should be 20, so @ 18-20 pe cy earnings my target comes to 360-400.
@Chaitanya: will answer your doubts to some extent.
I am not really sure about ur 1st doubt, but i guess Institutionals and few brokers can place off market orders which get executed at 9.00 AM at the very instant the market opens. Based on the demand-supply situation then, the listing price is determined. Correct me if m wrong.
For ur 2nd doubt, the condition is that an IPO has to be subscribed atleast 90% (i.e 0.9 times) for it to be successful. Else it has to be withdrawn. Incase it is nt subscribed 90%, underwriters to the IPO have to subscribe to the shares to make it sail through. Incase they are not able to do so, the issue must be withdrawn.
friends, maine in sab ipo me paise lagane wala hu q k analysis jis ipo ko avoid kaene ko kahte hai unhi ipo me sab se jyada profit milta hai,or jis ipo ko analysis subscribe karne ki advise dete hai in ipo me sab se low profit shayad hi milta hai.....
isiliye me in sab ipo me hi subscribe karunga Q K JO DIKHTA HAI WO HOTA NAHI, OR JO HOTA HAI WO DIKHTA NAHI.
dekh lena in sab ipo me invest karne walo ko bumper profit milega,
sj microsec;s listing par thmhe galat sabit karege, ye stock market he bhai yaha kisika nahi chalta, kahi bhi niyam hote he ki badi machali choti machali ko nigal jati he.
@34.chethan k.v 1) the mutual funds or the financial institutions which hav not been alloted any shares try to buy the shares from the secondary market.On the other hand, the ppl who hav been alloted the shares try to sell the shares at the expected price or fair price expected by analyst.
2) the issue has to be subscribed atleast 90% of the total ipo size.if its not subscribed,the company needs to return back the money of all the investors who hav subscribed for it.
Actually how the listing happens. I mean listing means what are the shares they have given in IPO will be released for trade in market.How the gain or loss will happen on listing. Actually before the market opens nobody, nobody can place orders. In such case how the demand or supply is decided on listing. The shares will be only in IPO allotted accounts right. Then on what basis the listing gain or the drop in price will occur at the time of listing.
2)The next dought is. say X comany has 2000 shares for IPO. Only 0.5 times the issue is subscribed. Then what will happen to 50% of shares. By what means it will be released to secondary market. Or only 50% of IPO allotted share will be playing in secondary market after listing.
Please, I am very eager to hear the answers, especially LISTING(The great dought of mine).