WoW !! This ''BHARAT'' IPO looks almost attractive to me... Could have been better though if they had offered a discount of 500 Rs. on this 400 Rupee. stock ...
I mean P/E, RONW and all is one thing and promoter reputation is another and to few, the latter matters a great deal. When damp squibs like GIC, NIA, SBILife IPOs or NFL, NMDC FPOs could wreak havoc, who would dare to get hit by a missile?
Lockheed Martin, Rockwell Collins, Northrop Grumman, Raytheon are world leaders in their domain and also there customers are worldwide. Their products range and capabilities are enormous. Is BDL anywhere comparable?
Bharat Dynamics have been operating mostly as captive supplier to Indian Army in a protected environment where most of times there may not be even competitive bidding and tendering. With very high fiscal deficit and election year how much of current order book finally materializes in a time bound manner is going to be questionable.
The names that you mentioned are not Indian companies and the fact is that Bharat dynamics has some sort of monopoly as far as Indian market is considered. As you have rightly mentioned that Bharat Dynamics have been operating mostly as captive supplier to Indian Army in a protected environment. This itself makes a good case to apply for this IPO.
More pertinent point to ponder is....can a captive company command same valuation as a world leader company?
Coal India also had virtual monopoly at the time of IPO.
Performing as a unlisted captive company and performing as a listed commercial company are two completely different operating environment for any organization.
No use to apply for this ipo. Ca get it at same or below issue price on listing day. All retail participant should boycott new ipo. Only apply in ipo which leave atleast 15 pc on table else it''s waste of time and money to apply on fully price ipo
A charity given by gov in form of INR 10 discount on a share of INR 428 will definitely make retail investors encouraged to throng for this IPO enmasse. It may not benefit retail investors but will definitely fill gov coffers. We small investors have a short memory and refuse to learn from past. We may not earn anything but will continue to make all gov IPOs successful. Gov knows how to fool us and that is why a wonderful and amazing discount of INR 10.
I believe this INR 10 discount is an insult to retail investors and shows that gov is taking us all for granted.
Gov has packaged and marketed this IPO well with an amazing, wonderful and very enticing INR 10 (less than 3%) discount ensuring nothing on the table for short term for risk taking retail investors while DISCOUNT (in bold letters) will ensure that we all throng to apply enmasse filling gov coffers and completing gov divestment targets. Kudos to gov.
Alankit handles previous IPO in a very good manner that I had experienced. Investor Grievance resolution mechanism is superb as compare to other registrars. There is much qualified and experiences professionals working in RTA division as other RTA dont have. Hence have a experience with Alankit in this IPO
22. Aniketiaf| Link| Bookmark|
March 7, 2018 7:34:23 PM
IPO Guru (1800+ Posts, 10200+ Likes)
Gmp of Bandhan is 12-15( negligible trade) Gmp of Bharat Dyn. is 15-18( negligible trade)
So far I did not benefitted any disinvestments stocks came from central government.. Think 100 times before you buy the shares sold by President of India.. I hold below shares from disinvestment still trading below to issue price 1. Coal India ( Bought at RS:- 350/- in 2009) 2. Shipping corporation of India ( bought at RS:- 140 in 2010 OFS) 3. GIC 4. NIC 5. NTPC (OFS) 6. MMTC 7. MOIL The positives are 1. Power grid corporation 2. Cochin shipping
NAV is 181 for 2017 and 177.9 for sep 17. Eps is Rs.14.4 for sept 17. So it is coming at a pe of 14.7. It is a good company. FII will participate in this issue above 100 times. So grey market will improve. No listed peer in India. However in USA lot of companies listed there. General Dynamic Corp trading at a pe of 23. Heico Corp trading at 69 pe. L3 Tech at 21 pe. Curtiss-Wright Corp trading at 27 pe. National PRESTO Ind 13.7. Harris Corp trading at 29 pe. Rockwell Collins trading at 25 pe. Almost defence companies in USA trading at a average pe of 25. Bharat Dynamics coming at a pe of 14.7. Certainly this company will reward you.