D B Corp Limited IPO Message Board (Page 16)

at 3pm
Overall 32 Times
Retail at Cut-off 1.40 Times

retail need to subscribe at rs 210 and not 212 ?

retail need to subscribe at rs 210 and not 212 ?at wat price do we need to subscribe

I recommended three IPOs this year.....

Edserv Softsystem
Thinksoft Global
DB Corp.

hey vijay from which site did u get the exact detail of the Subscription figure can u share plz?

hey how did u get only the Subscription figure?of retail qib ?

All of a sudden an spike in the subscription...

Subscription figure for DB CORP LTD - at 2.00 PM

QIB 37.27
HNI 11.94
RETAIL 0.93
OVERALL 20.89

DB Corp Limited IPO (Till 1 o'clock)

Category over Subscription

QIB 25.50
HNI 10.54
RET 0.55
Total 14.55

subscription 15 times tills 1p.m

D B Corp. Showing good Response from QIB and also from Retail Investor
at 1:30 overall Subscription is 17 Times.
in cut-off 0.70 Times

i have applied with full application

Its a good IPO. Its good for long term.

How much DB corp subscribe till yet?

he report also says, "At the upper price band of Rs 212, DBCL is trading at 18.1x FY2011E EPS of Rs 11.7 which we believe is reasonable, given its higher earnings growth, strong position in the faster growing print markets and proven execution skills. We have valued the stock at 20x FY2011E EPS (peers trading between 18-22x P/E) and have arrived at a fair value of Rs 234, indicating a 10% upside to the upper price band. Hence, we recommend a subscribe view to the issue. Key risks to our recommendation include: 1) Slowdown in GDP growth, 2) volatility in newsprint prices, 3) Rupee depreciation, and 4) Increase in competitive intensity."

Peer Analysis

Company            Price*       Face Value(Rs.) EPS (Rs.)       P/E/**             RoNW%             P/BV***

DB Corp Ltd.      185-212             10      7.68             24.09-27.6       22.74             14.23-16.31

HT Media Ltd.       138.40             2      8.97             16.11             10.80             3.81

DCHL             154.80            2      3.92             39.66             12.60             3.23

Jagran              117.75             2       4.55             26.91             16.70             6.33


*as on 10 Dec 2009
**based on TTM profit
***based on BV as on 31 Mar 2009

Post issue, P/E and P/BV at the lower price band is 24.09 and 14.23x while at the upper price band it is 27.6 and 16.31x respectively.

I completely agree with Ravi, Bangalore # 89. It is not very richly priced, but you for sure not see Cox and kings kind of listing. So better stay away and preserve your capital for some better IPOs

Hemant, i am pretty sure that Godrej Property will not give listing gains. Also a point that, Godrej Property did not generously priced the IPO at Rs 490, it was just that the most of the bids were at the lower level so to continue with the IPO process they were forced to price it at Rs 490.

I am pretty much hopeful that people who like their business model should be able to get in at about Rs 400 kind of levels. That is also a more reasonable price.

No doubt that they do have a good business model, but the price at which they are wanting to sell their business is not justified.

BV of DB CORP is less than 35. P/BV is 6 approx. Compare this with DC Holdings P/BV of 2.5. Prior to this DB Corp Promotors have rewarded themselves with a liberal Bonus issue of 78:1 i.e 78 Bonus shares for every one share held.
Do your own homework and decide.

@Hemant,
Hope so.But the way it was undersubscribed in HNI segment even at lower band,most probably it will list at discount.Hope I am wrong.