Birla Shloka Edutech Limited FPO Message Board (Page 2)

Hello friends,

Let's boycott this issue.

Very greedy promoters.

Have jacked up price in the market from Rs 20 level and trying to take us for a ride.

Even their profit from operations are not encouraging.

It is already listed in the BSE and price will collapse after the issue closes.

There will be no listing gains but losses.

Let's all teach a lesson to such companies.

Let the issue be undersubscribed and fail.

Current price is 54 on BSE. At price range of 45-50 appears to be expensive. It was recently available for as low as 20. It has gone up a lot and now IPO at 50. Appears exp at upper price band. At lower price band may be worth investing.

Compair to recently IT COs.

Thinksoft ,Excell , Edserve , Vishal Info , Etc.

Infinite is definately



O V E R - P R I C E D.



D O N ' T - A P P L Y .


.

PLEASE ADVISE ME ON THIS IPO

Infinite premium 37+ and will go upto infinite. so good issue and active in grey market

hi ravi bangalore,

re-read yr comments rgds nhpc.
right u were.
thx.
keep it up!

hi ravi bangalore,

thx a ton.
noted all.
shud we apply or wait for the psu's??
m

12. mary

Birla Shloka Edutech 54.75- Faces strong resistance in 57 - 58.25 area. It could fall down to 53-50.5 zone, 47.5-45.5 zone or even to 43.5.

If it is able to cross resistance zone, it turns bullish. Currently it is weak.

Wait for 3 - 4 days to check its fundamental value.

hi ravi bangalore!

what do u think??

Hi, i see that offer price is 45 - 50 but currently its trading on 56/-....it means directly investetos get 6/- permium (if fix at upper band )when it list (it should list at least current trading price right?) educate me on this FPO..

another educom will be

Mr. Kumar

I am talking about JUBILANT FOODWORKS

This is not listed co.
Thia is a new IPO

Hi ALl,

DO not apply.
Already available in BSE.
Share price has been taken up from Rs20 levels to this level by vested management interests.
After the FPO prices will drop.
Why will some one pay a premium to an already jacked up share after listing??
Guaranteed to lose money.

Fundamentals are not attractive.
For the year ended March 31, 2009, it reported net profit of Rs 31.45 lakh on total income of Rs 104.03 crore.
Net profit to sales works out to 0.3% only.
Don't be taken in by the Birla name.
Stay away.
Have patience.
More IPOs will come your way.

Birla Shloka Edutech is coming out with a follow on public offering (FPO) of Rs 34.77 crore. The issue comprises promoter’s contribution aggregating to Rs 5 crore and net issue to the public aggregating to Rs 29.77 crore.

The company has fixed the price band at Rs 45-50. Birla Shloka Edutech said, "The members of the Public Issue Committee of the Board of Directors of the company, in consultation with the book running lead managers, Ashika Capital Ltd, at its meeting held January 07, 2010, have decided that the price band for the follow-on public issue which is scheduled to open on January 11, 2010 will be Rs 45 to Rs 50."

plz advice on this ipo

Definately itis cheating with the part of retail investors in lack of knowledge

Hi All,

This is a FPO.

Currently traded on the BSE.
Scrip code 511607,Scrip Id :BIRSHLEDU
52 week low of Rs 19.05 on 2nd feb 2009
Today trading at around Rs57 to 59.
(Calculate the % jump in less than 1 year.this hike is for inflating the FPO price)
No fun with FPO as the price discovery is done.
Don't know how greedy the promoters are in pricing.

Once the new shares from FPO also come to the market, the market price will go down too.
Presently it will be artificially propped up.

Beware.

Don't jump thinking that there is easy money to be made.

Todays Closing Price Is Rs. 58/-

Birla Shloka Edutech is coming out with a follow on public offering (FPO) of Rs 34.77 crore. The issue comprises promoter’s contribution aggregating to Rs 5 crore and net issue to the public aggregating to Rs 29.77 crore.

The issue will open for subscription on January 11, 2010 and will close on January 13, 2010. The price band and the minimum bid lot will be decided by the company in consultation with the book running lead manager.

Birla Shloka Edutech is engaged in sales and services of varied products to education institutions. It is engaged in providing IT infrastructure and imparting IT and IT enabled education in schools of various boards.
Currently promoters' shareholding stands at 56.67% and the rest is with the public.

The issue proceeds will be used for capital expenditure for Turnkey Projects executed by the company under the BOOT model (at cost of Rs 15 crore); capital expenditure on upgradation of infrastructure and content development for XL@School (Rs 9.5 crore); funding the proposed M&A activities (Rs 4.5 crore); working capital requirements (at Rs 2.13 crore); issue expenses (at Rs 3.03 crore) and contingencies (Rs 61.25 lakh).

For the year ended March 31, 2009, it reported net profit of Rs 31.45 lakh on total income of Rs 104.03 crore. For the period of six months ended on September 2009, it posted net profit of Rs 75.64 lakh on total income of Rs 64.65 crore; it has debt of Rs 8.5 crore on its books.

The book running lead manager to the issue is Ashika Capital Limited and Bigshare Services Private Limited is the registrar.