Bedmutha Industries Ltd IPO Message Board (Page 7)

Not even a single bid from QIB upto now, quite interesting.

bedmutha fair value 45 rupees...

i m a member of this forum since 2007 i e from begining.I saw many experts and their comments.One point i want to say to all readers that we r not politicians but infact we are beginer of market.some people namly sj or letu or lol have spoil this forum.this is wat i want to mention your kind attention.

CAN IT BE ANOTHER PRAKASH STEELAGE?

@SJ, your caps lock is ON...

425 ANONYMUS

MAY BE SOMEONE GOES 51% RIGHT

BUT I AM 100% SURE THAT ITS TARGET IS 235

MY ACCURACY HAS BEEN 90% SINCE LAST 4 YEARS

STOCK MARKET IS NO PLACE TO PLAY WITH MONEY

FOR GOING WRONG YOU LOOSE BUSINESS OF CLIENTS

AND GOOD BROKERS CANNOT TAKE THAT RISK


I AM MOT TRYING TO SHOWWW OFFF


JUST BOOSTING YOUR MORALE

GEM BELIEVES IN CAPITAL PROTECTION PLUS HE PREFERRED OTHER IPOS

SHREEDHAR ALSO DOES NOT WANT TO TAKE RISKK


THAT DOES NOT MEAN CANTABILL WILL NOT GIVE GOOD RETURN


YOU JUST DONT TAKE STRESS AND DONT GIVE ME STRESS

LOLLLLLLLLLLLLLLLLLL


DONT TAKE IT BY HEART I AM JUST KIDDING AND GIVING YOU A JOLT TO WAKE YOU UP

PLZ HOLD THIS FOR A MONTH AND NOT SELL ON LISTING

OTHERWISE MEREKO BOLOGE LISTING GAIN KUMM HAIII

Dear SJ,

Read your report on VA Tech the other day. It was informative.

With all stories on Koutons fall out, I was having a final thought on stop payment but decided not to.

When analysing the PE ratios of the peer companies in the Capital Market Review earlier, I was wondering why PE of Koutons was at 13 compared to Provogue at 26 and Kewal Kiran Clothing at 15. The technical analysis show the downtrend of Koutons from Jan 10 and that the market seem to be correcting the price for certain company specific issue when during the same time its peers were growing.

Cantabil seem to be priced ok and hope the market sentiment keeps to the same level till its listing.

Well, I had not subscribed for Indosolar and I recollect in your blogs, you were very clearly advocating Moserbear and that why take Indosolar if you have an alternative at a better price.

Anyway nobody can predict market 100% and if somebody is 51% right then its great.

SJ/GEM/Ravi,Bangalore/Sreedhar/Aranraj/other stalwarts - Keep up the good work.

Regards,

xxx

Prince bhai ,
Itne din kahan gaye hoon.Subscription dek lo HNI mein jyada hua tho apply for listing gains.No problem.As long as it is subscribed more than 5 times it is a safe stock for listing gains.But do remeber to get out at the time of listing.
Did you apply for Tirupati??
Total board mein main akele hoon Tirupati mein.

SJ,
You know I applied in SEA TV for listing gains based on reco of SahranpuriJi.

SJ,
Abhi bhi mere cheques pass nahi hua.So I stopped Cantabil.Pata nahi kyun?I just felt like it.

Friends,
Naya Issue
BS Transcomm's Rs 200-cr IPO to hit market on Oct 6

Press Trust of India / New Delhi September 29, 2010, 16:33 IST



BS Transcomm Ltd, which provides towers to telecos and power transmission firms, would hit the capital market on October 6 to raise around Rs 200-crore by a public offer.

"The issue will be launched on October 6 and will close on October 8," a source close to the issue told PTI today.


Click here to visit SME Buzz


Also Read

Related Stories
News Now



- Indosolar slips below listing price
- Indosolar nosedives 20% on first day of trade
- Indosolar lists at 3% premium
- Irda for even dilution of holdings in IPOs
- 'RCom to be debt-free in three years'
- 'All IPOs are not value buys'


Also Read

Related Stories
News Now




- Markets have a weak closing
- RBI amends bank norms for zero-coupon bonds
- MinesMin says no to diluting law on profit-sharing by miners
- Nokia disputes IDC report showing decline in its market share
- Punj Lloyd, Nuvia to form JV firm to support nuclear sector
More




The company has filed its red herring prospectus with the Registrar of Companies, Andhra Pradesh, at Hyderabad for the initial public offering (IPO) of 76,79,410 equity shares, he said.

The price band and the minimum bid lot will be decided by the company in consultation with the merchant bankers at least two working days prior to the issue opening date, he said.

The Hyderabad-based company expects to garner up to Rs 200 crore through the issue, he added.

The IPO proceed would be utilised to fund the expansion plans of the company.

The issue will constitute 35.10 per cent of the fully -diluted post issue paid-up capital of the company.

JM Financial Consultants is the sole book running lead manager to the issue.

Shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.

BS Transcomm is engaged in the manufacturing and supply of telecommunication and transmission towers, sub-station structures and providing service solutions to telecom infra and power transmission sectors.

The company supplies towers to entities such as Reliance Infratel, Wireless, TT Info Services, Indus Towers, Power Grid and others.

SJ,
It is indeed GEM who has written the post.Long back ago GEM said he will reveal some secret about SKS,He also said he will tell later why he did not apply for Cantabil.
By the way I have stopped my cheques for Cantabil as there will be some fallout of Kouton's drop on Cantabil.Why take the risk with this news.

Dear Natarajan,
Give me your mail ID & in that your phone number.My mail ID is dikkydodda2000@gmail,I have already requested Chittorgarh.com to do away with Anonymous posts & asked them to go for compulsory login ID as its happening in Greymarket premium discussion.

I fully agree with 414 K K Natarajan. I humbly request Chittorgarh staff to do away with Anonymous. This Anonymous post is the most confusing and misleading. It is blowing hot and cold. Even the Chittorgarh forum creditibility is at stake due to Anonymous posts. Please withdraw the Anonymous postings immediately.

can i invest in bedmutha industries

Sreedhar, Sreedhar, where are you? Lost in the sea of letters like a child in the exhibition crowd?

Dear friends,
May we request Chittorgarh staff to do away with the concept of posting letters with "Anonymous" identity. It is irritating to read hundreds of letters under this identity. One Anonymous fighting with another Anonymous, one Anonymous blaming the other Anonymous and one more Anonymous praising another Anonymous, all these cause headaches! It is also becoming more and more difficult to search for the letters of our interest.

hum sabh ko yaha nonvage language use hi karni chahiye

i think 411 have copied the ipo report from the site which 410 has posted ...
:)

IPO ANALYSIS: BEDMUTHA INDUSTRIES LIMITED
BEDMUTHA INDUSTRIES LIMITED: EXPENSIVE – AVOID

The Nashik based steel wire manufacturer – Bedmutha Industries Limited, is entering the capital market on 28-09-10, with issue of 90,00,000 equity shares of Rs 10 FV, in the price band of Rs 95-102. The issue closes on 1-10-10. Keynote Corporate Services and Ashika Capital Limited are the BRLMs.


BACK GROUND AND BUSINESS:


Kachardas R. Bedmutha is the founder of Bedmutha Industries Limited (formerly known as Bedmutha Wire Company Limited). He has more than thirty years experience in the business. The Company started its commercial production in the year 1992, by setting up first Galvanized Wire plant at Nashik with an installed capacity of 3600 MTPA.


The company has an established track record of about two decades in the wire manufacturing business. Over the past years, the company has significantly increased the capacities of its wire drawing and galvanizing units, which has led to healthy growth in production levels. The galvanizing unit witnessed 25% growth in production in FY 2010 as compared to the previous year and further growth would be aided by addition of new galvanizing line in March 2010 that has increased the galvanizing capacity from 25,300 MTPA to 33,500 MTPA.


The Company’s products find usage in infra, automobile, engineering and defence, among others.
The company has a subsidiary- Kamalasha Infrastructure & Engineering Private Limited, for undertaking turnkey contracts for infrastructure namely in power, roads, railways etc.
The company has also invested 49% in Ashoka Pre-con Private Limited along with Ashoka Buildcon Limited, (IPO for this company opens on 24-09-10) to manufacture pre stress concrete products such as cement poles, RCC pipes, Cement Piles, railway sleepers.


OBJECTS OF THE ISSUE:
For Setting up of a new plant at Sinnar, Nashik for manufacturing of Low Relaxation Pre-Stress Concrete (LRPC) Wire and Spring Steel Wire ( Rs 85.00cr) and General Corporate Purposes (Rs 6.80cr).


FINANCIALS: RS IN CRORES

08 09 10
TOTAL INCOME 115.63 151.66 177.95
NPAT 3.92 7.02 12.18
EPS 3.27 5.86 10.14
RONW (%) 31 38 46



RISKS:


IPO grade 2 by ICRA, indicating below average fundamentals.
The company faces competition from large sized players in the industry, having wider product portfolio such as Tata Steel Ltd., Usha Martin Ltd. and Ramsarup Industries Ltd. Further, the company also faces competition from number of smaller units in wire drawing business, though the company’s emphasis on quality mitigates the competitive pressures to some extent.
The project has not been appraised by any external agency.
Although ,the demand outlook for both LRPC and Spring Steel Wires is favorable, the company’s ability to implement the project in a timely manner and ensure market acceptance for the products would be critical for generating returns on the investment planned.


VALUATION AND RECOMMENDATIONS:


At Rs 95-102, the issue is priced around 17 times its FY 10 earnings, on post issue capital of Rs 21.02cr. This is expensive compared to the listed peers in the segment like Good Luck Teel Tubes (3.5PE) and Ramsaup Industries (9PE).
While the IPO should enable the company to scale up its revenues, the actual return indicators may decline given the large size of expansion, the significant equity dilution and uncertainty on the company’s ability to get market acceptance for its new product offerings.
The offer is expensive. AVOID.