Dhanus Technologies Limited IPO Message Board (Page 17)

where to find out the current subscription status ... after the cancellations of applications being considered or taken into account ...

Hi...After doing a lot of cost benefit analysis....I have decided to stay with this IPO....Thats my personal view....

Reliance and enam have substancial stake in this comp ...

They are surely not fools ...

I would like to inform the investor that dhanus tech ltd.have come out with IPO inspite of that JUNIOR VIKATAN had published in AUG 07, but why SEBI have allowed such company to come out with IPO. now co saying that they have posted letter to all individual investor , but till 1st oct Ihave not recd any letter from co eventhough i am living in chennai itself what is position outside of chennai god know . registrar of co,m/s cameo corp ser.ltd.,is also like co ( in service deffiencency)so i requiest all investor withdraw your application money from this IPO (DHANUS TECNOLOGY LTD) And ask them to pay the interest @18% for delayed period after 15day"

IF N E IPO COULD GET SUB ABOVE 25 TIMES IN 1DAY THEN IN THE SAME WAY IT CAN BE WITHDRAWN ALSO..
SO WITHDRAW UR APPLICATIONS & PLAY SAFE.

VIKAS GUPTA
STILL 4 FULL DAYS TO GO TO WITHDRAW UR APPLICATIONS .
ITS NTO A BIG DEED THAT ONLY 17 OUT OF 114 HAVE WITHDRAWN THEIR BIDS.
IF U HAVE A LOOK IPO WAS SUB ONLY 2.65 TIMES TILL 2ND DAY BUT ON LAST DAY IT WAS TOTLLY SUB ABOVE 28 TIMES .
WHT I MEAN IS THAT N E CAN CAN HAPPEN IN LAST 2 DAYS DONT GO WITH CURRENT FIGURES.

THE MOST IMP THING IS THAT .
IT IS 100 % SURE THAT IT WIL LIST BELOW ITS ISSUE PRICE BUT IF COMPANY IS GOOD & CURRENT ISSUE IS NOT VALID THEN IT WILL GO UP BUT AFTER LISTING DOWN.
U CAN HAVE A LOOK AT INDOWIND ,SEL MAN ,ROMAN ...& MANY MORE WHICH GAVE AROUND 75-100 % RETURN BUT AFTER LISTLING BELOW ITS ISSUE PRICE.
I DONT THINK NE RETAIL INVESTER WILL HOLD IF ONCE UR SHARE GOES BELOW ISSUE PRICE.ITS ALL OPERATERS GAME.
HOLD UR APPLICATIONS ONLY THOSE WHO HAVE PATIENTS TO HOLD SHARES BELOW THEIR COST OR WELSE BETTER TO WITHDRAW ,
BEST OF LUCK ALL OF U .

withdraw ur applications ..........dont go with current g.m.p if its correct i.e around 70 u will earn not more then 1500 / app if alloted minimum.
Its beetter much better to avoiD.
EVERY COMPANY IS NOT INDOWIND OR N E OTHER OPERATER DRIVEN.....
BEST OF LUCK ALL OF U.

What will happen to the ipo that is not sure but one thing
is sure that your money will be locked for long time.

i am sure like a controversial bollywood film, this ipo is going to be a big blockbuster for sure......... cheers retailers

BPOSITIVE THINK ...............



A D Sudhindra, Chairman, Dhanus Technologies said that 17 out of 114 QIB applications have been withdrawn.

Sudhindra added that the overall subscription is down to 24x versus 28x earlier.

looking to the seriousness in alegations one should take money back. the premium of company in unofficial market is 70 but may collapse when last day will pass i.e 6 th oct ., most imp part is fii will try to exit will make listing expereince very poor. i feel retail should exit.

Please do not panic do not withdraw u r money from this ipo ,Yes this is true that QIB people start withdrawing their money fom this IPo but the ratio of withdrawal is very less if u see the overall scenerio they just misguide us,To keep us away from this IPO but the real situation is quite dif. And u will see it at the time of listing

dear friends they is definitely risk involved in stock market so nobody could predict what will happen but personally thinking there would be good listing benifit for dhanus as reliance having stake and they will prove that they could handle all conditions well so be involved and lets enjoy the benefits of listing and those who are panic and wants to withdraw application my perosonal advise is please dont invest in stock market invest in fixed deposits that would be best suitable for you

The sentiments seem to be turning positive for Dhanus. I wouldn't be surprised if the grey market premium rises over next few days. I stay invested with all my applications. thanks.

HI ALL,

PEOPLE I M PERSONALLY NOT WITHDRAWING FROM THIS IPO.
FIRSTLY RAID FROM CBI HAS BEEN MADE AT MANY BIG NAMES,
SECONDALY I DONT LISTEN TO SP TULSIAN WHO PREDICTED WRONG ABOUT USHER AGRO,INDOWIND AND MANY STOCKS BEFORE.
THIRDLY IF THE MANAGEMENT IS SO CONFIDENT AND HAVE COME OUT OPENLY TO SAY THEY HAVE NOT BEEN LINKED IN ANY FRAUD THEN WE SHOULD ATLEAST HAVE FAITH IN THEM,
AND MOST IMPORTANTLY RELIANCE IS HAVING BIG STAKE IN THIS COMPANY THAT IS MORE THAN ENOUGH.
I M READY TO TAKE RISK IN THIS COMPANY AS THIS COMPANY HAS HIGH GROWTH. NOW ITS UP TO YOU IF U WANT TO BE OR WITHDRAW BUT ATLEAST THINK TWICE AS DONT PANIC PEOPLE HAVE DONE PANIC BEFORE IN DLF WHICH WAS ALSO UNDER SOME ATTACK BY MINORITY SHAREHOLDER.

Dhanus Tech withdrawal not a good sign: Tulsian

S P Tulsian of sptulsian.com feels that Dhanus Tech’s statement about withdrawal of IPO after closing down the issue, definitely is not a good sign.

Excerpts from the exclusive interview with S P Tulsian:

Q: We had the management of Dhanus Technologies, and they told us about 17 of the 114 QIBs had withdrawn their application. How have you read into this issue as a whole? Do you think the fundamentals are sound to invest in?

Tulsian: Though they say that they have revealed all the risk factors in the RHP. But giving this opportunity after closing down the issue, definitely is not a good sign. Tomorrow, any company would say that we had given that as a risk factor. You do see umpteen number of risk factors carried out in the red herring prospectus. But if you need to act upon them, post closure of the issue, definitely that is a serious thing, number one.

Secondly, they have said that Rs 48 lakh has been received from the MD for which they have not given any satisfactory explanation. Thirdly, the DoT approval of the marketing of tele calling card have come after the closure of the issue, which is the main business of the company, more than about 60% of the topline comes from that business. The Fleet Tracking system and the other business, has not yet really taken off. So, the entire thing revolves around that business, which itself doesn’t have the credibility, questioned by the DoT and the sanction having come post closure, definitely will not give solace to the investors at least in the time to come.”

Disclaimer: I don’t have interest in above stock.

17 out of 114 QIB applications withdrawn: Dhanus Tech
2007-10-01 18:15:44 Source : Moneycontrol.com
A D Sudhindra, Chairman, Dhanus Technologies said that 17 out of 114 QIB applications have been withdrawn.
Sudhindra added that the overall subscription is down to 24x versus 28x earlier.
Excerpts from CNBC-TV18’s exclusive interview with AD Sudhindra:
Q: What is the kind of withdrawal that you have seen so far and in which of the segments. What is the subscription now stands at?
A: The issue closed on 12th September, it was fairly well subscribed. In fact, there was overwhelming response from the investors as much as about 28.7 times was the subscription levels. Subsequent to the public notice, we have not had too many withdrawals.
As per information available to me at this point of time, in the QIB segment, about 17 out of 114 applications have been withdrawn. In the retail and HNI sector together there is 2.8 lakh shares out of 810.74 lakh shares, which amounts to about 0.9% that has been withdrawn. The over-subscription level is currently over 25 times.
Q: With the subscription being reduced on the 6th October, what are the situations that you possibly faced with in terms of if you find there is substantial amount of withdrawal? Would you like to retract or take away the public offering as it stands currently?
A: No. We are quite confident that the investor confidence would remain high and we are quite confident that the investors will stay invested with us. In fact, we have been talking to a large number of QIBs and HNIs also. And I am quite sure at the end of the notice period; we will find that the company will have substantial over subscription.
At this juncture, I would like to say that the investors who have reposed confidence in us have every reason to continue impose that confidence in us. Our business has been doing well; of course, at this point in time, I cannot give any figures for obvious reasons.
But we are a good company and I am quite sure that the investors will not face any downside from investing in Dhanus at any time.
Q: The contention was about employee suddenly withdrawing personal loans and the fact that the company had taken personal loans in the name of their employees forging their signatures. Could you throw more light on the exact nature of this issue and what did the CBI bring about in its investigation?
A: I would like to deny that the company ever forged any signatures and obtained any personal loans from the employees nor there were any sudden closures of the personal loans. To the best of knowledge, of course, I would know what each individual employee would do. But to the best of my knowledge, there has been no such thing.
CBI did, of course, conduct search operations on the company, which was completely on an unrelated FIR. As of this date, I can say with complete certainty that there is no FIR or no notices against the company.
Q: In which case the question arises - then why bring the above offer for allowing people to retrace?
A: As we were in the process of the issue, there was a report in a local Tamil magazine, which made these allegations against the company and which, of course, our merchant bankrs discussed with SEBI.
SEBI has been in charge with investment protection and it was their guidance that every investor has a right to know this, which I am in full accord with, because when people make investments, they have to make investments to the best of the knowledge with all information available to them. So under SEBI guidance, we came out with this public notice. It happened much before the thing; of course, all these matters have already been covered in our RHP.
Q: You are saying that there was no substantial payment made by the employees in just one day to repay loans taken personally?
A: Absolutely.
dont worry be happy all retaiers with big heart stay invested (stay away with false advice like rajesh did on this blog)current os 25 times premium 80)

17 out of 114 QIB applications withdrawn: Dhanus Tech As per information given by Mr. A.R.Sudhindra, Chairman, Dhanus Tech. to CNBC-Tv18 at this point of time, in the QIB segment, about 17 out of 114 applications have been withdrawn. In the retail and HNI sector together there is 2.8 lakh shares out of 810.74 lakh shares, which amounts to about 0.9% that has been withdrawn. The over-subscription level is currently over 25 times.

the premium is intact due to the current market conditions.
if market loose 1000 from the level then premium also fall drastically. and today market showing the of weakness.and
there is news regarding the disputes in upa so, don't bet on current premium