Electrosteel Integrated Ltd IPO Message Board (Page 24)

What is the GMP of EIL.

Rose

This project is a JV (joint venture)

Currently, ECL holds 38.7% of ESL’s equity. Further, several

other strategic investors such as

Stemcor (22.2%),

IFCI (5.5%),

GPC Mauritius (4.8%),

PGS Invest (4.2%) and IL&FS (4.2%) hold majority of the balance equity share in the company.

so where does promoter stake come in question....?

stemcor holds 23% repeat 23%

by copy pasting stuff..you become knowledgble....

this is in production stage....

it will start in 2011-12

do you know what will happen with steel prices then..no body knows...

steel is cyclical

that doesnt mean people dont buy cyclical stocks.....

or fund managhers donty buy cyclic stocks....

i am also holding jai balaji steeel

it has 16000 crore project coming in west bengall....

from no where...it became 8th all india ranked in steel production in 4 years..

know it is aiming at trippling capacity....and will be 3rd largest steel producer in india in 3-4 years...

if you dont trust me'

why dont you go to moneycontrol

see angel broking researh report

read it

and find out...what is potential of electrosteel ipo

i have also said to apply part in ipo and part after ipo if market corrects..

coz it is cyclical business.....

but obviously you did not notice that.....

why are you fixated on 33% prmoter....?

you know how much stake the promoter of Bharti has...?...

it is also less......is bharti a bad company....?

you have no logic....or practical knowledge....

on top of that you say i misguide people....!!

then what are you analysing....?

Just by copy pasting stufff....

does not make you Rose of the movie Titanic.....!!

So first go and research....

and then comment.....

Just by fixating on one point you dont become judge of good or bads investment...ok.....!!


Kisi ne yehan bola meri paant utar gayi

Meri paant kya utaroge....

tumhari khud ki pant phati hai jiis kisi ne bhi yeh bola....

tumhara level malum chal gaya tumhare comment se....

mere ko apne views dene se rokne liye tum logon ke paas liscense... nahi hai samjhe....

tum logon kuch knowledgeble pata hai to post karo na...

khali copy paste kar ke expert bante ho

main shreedhar gem ravi bangalore etc..apna khud ka analysis karte hain...


tum logon ki tarah copy paste nahi karte


so get well sooonnnn....!!!

and post something meaningful next time

you dont want tom buy electrosteel dont buy....

i will buy..!!

Dear Rose Bhai
aapne to sj ki pant utar de really it is 33% stake after the ipo sir ji kaya research hai sj ki kisi ne sahi kaha tha apne ghar per bistre pe chadhi pehan kar research karta hai sj

Good one Rose, Show this kid sj to play marbles, 5 years experience, these days any tom dick and harry starts preaching, Great going rose

Both u SJ n Annonymous (Rose.....r u?....u sound like thorn), stop crying and pay attention to this.

Why one apply for an IPO

1. some quick bucks
2. First mover benefit.
3. looking fundamentals of co. and for long term gain.

there are several constraints.

1. the market sentiment.
2. market liquidity.
3. Investor readiness and anxiety.

If the market is lying low a company with good fundamentals with brand name also fail, u just check the last 2 years listing history.

the other aspect, when the market is hyper and mad rrush is there, then stories like, midfield industries, praksh steel also show wonder.

so take my words, decide what u want ...... the chose the right response for yourself.

Now stop crying and chose IPO of ur choice and show ur proud face after listing for ur respective recommendations.

Dear Rose
PLS SJ KI PANT MAT UTARO HE WILL LOOSE HIS PATIENCEEEEEEEE

DEAR SJ
READ THIS AND TELL ME THE POST ISSUE HOLDING OF THE PRAMOTERS
Promoter and certain group companies may have a conflict of interest as they are in similar line of business manufacturing DI pipes and pig iron.

India is witnessing massive steel capacity expansions by frontline players like Tata Steel and SAIL, which are established players and have integrated facilities. Relatively, Electrosteel Steel is less integrated and has to depend on its parent company, ECL. Execution of mining lease is pending for receipt of approval from the Ministry of Environment and Forests, Government of India, for ECL's proposed iron ore mine at Kodolibad, Jharkhand. If clearances are not received in time, then Electrosteel Steel will be at a disadvantage as ECL may have to procure iron ore and coal at much higher cost, which will be a pass-through item against Electrosteel Steel.

With significant excess capacity in the global steel industry during 2009-10, cheap imports from China and CIS continue to pose threats for domestic suppliers. India could become the target for cheap steel exports, with growth in developed countries somewhat shaky. For the past few years, India is a net importer of steel. But with massive domestic capacity expansions, the country may have to export surplus capacity to ensure high capacity utilization. Relative to global players in general and China in particular, India is at a disadvantage.

The Indian rupee has strengthened against the US dollar in recent times. Further appreciation of will adversely impact the price line for the steel sector as the domestic prices for steel are determined by the landed cost of imports.

The debt equity ratio of the Electrosteel Steel is relatively high at 2.5 compared to 1.77 of Tata Steel, 0.50 of SAIL and 1.07 of JSW Steel

The iron ore and coking coal- mines of the promoter are still under development.

Steel Industry is cyclical in nature, sensitive to general economic environment conditions.



Electrosteel Steel is expected to commence commercial operation in October 2010 for its first blast furnace. Promoters till now have put in money at Rs 10 and the pre-IPO placements have been made at Rs 10.75.

Electrosteel Steel EV per tonne at the lower band of Rs 10 comes at Rs 3346.4, while at the higher band of Rs 11 it comes at Rs 3510.1 if the green shoe option being exercised. This can be compared well with EV per tonne of JSW Steel at Rs 4171.5, SAIL at Rs 5130.0 and Tata Steel at Rs 2841.3.

Electrosteel Steel: Issue Highlights
Sector Steel-Medium/Small
Sector TTM P/E 18.35
No. of shares fresh issue (including green shoe option) (in crore) 25.93
Price band (Rs) 10-11
Post-issue equity (Rs crore) (considering green shoe exercised) 2068.3
Post-issue equity (Rs crore) (considering green shoe not exercised) 2034.5
Post-issue promoter stake (%) (considering green shoe exercised) 33.84
Post-issue promoter stake (%) (considering green shoe not exercised) 34.41




Electrosteel Steel: Industry wise Demand Drivers
Construction and Infra 37%
Real Estate 17%
Pipe/tube/barrel 10%
Engineering units and M/C Manufacturer 12%
Automobiles 5%
Electrical Equipments 3%
Consumber durables 1%


Others 15%

rose

Don't fight like assholes.

just go by your recommendations n subscribe

after listing, the looser's is for the winner.

Dear SJ
WHERE WERE YOU SINCE LAST 2 HOUR WE LOVE YOUR PATEIENCEEEEEE
YAAR THIS GUY TELLING 35% PRAMOTER STAKE IS REALLY MAD OTHERWISE WHAT IS THE REAL STAKE OF PRAMOTERS AFTER THE ISSUE

es anonymus 90-93

you said i am misguiding people....

you are misguiding people....

you dont respect or you lost respect for me,....

i care a dammmmnnnn about that.....!!

i am into this profession since last 6 years

bachi tum ho.....!!!


you said 35% is promoter stake...hannnn...

what mature thing you know....!!....wow...


BOARDERS THIS IS JUST TO DEFAME MEE....DONT LISTEN TO THIS ANONYMOUS

HAS NO KNOWLEDGE...


i WILL GIVE YOU TRUE KNOWLEDGE

Currently, ECL holds 38.7% of ESL’s equity. Further, several other strategic
investors such as Stemcor (22.2%), IFCI (5.5%), GPC Mauritius (4.8%), PGS Invest
(4.2%) and IL&FS (4.2%) hold majority of the balance equity share in the company.


SO who is a kid who blames me with no research....

very matureee you are


then you call me i am misguiding/.....

every day some one on this board....comes and tells me i am misguiding
cheating....operator ..etc/...

what should i do

how long should i control myself from reacting

boarders you tell me what shud i do...

what wud have done....

after so many repeated false allegationss

they dont know anything...

i am here to blog


you are here to flaunt....

you stupid kid....!!!!



By the way.....

i said three days ago that this is long term subscribe

today angel broking has also said subscribe to eletosteel for long term....

in fact i have given analysis of Pipavav and SKS....before any broking house gave reccomendation....


so stop calling me a kid....

you are kid in front of me as far as knowledge in stock markets go....



i do not need to flaunt here.....


i like boarding....my hobbbby....


you come here and attack and want attention not me

people know that.....

so get wellll soooonnn...!!!

Even I feel Sreedhar is a gentleman, Gem IPO is good, but uses foul language, SJ is good also but sreedhar is best

ELECTROSTEEL APP RATE 1900 RS
CONTACT GAUARAV HISAR 9896090033

ELECTROSTEEL APP RATAE 1900 RS
CONTACT GAURAV HISAR 9896090033

SJ
WHAT HAPPEN IF YOU LOOSE YOUR PATEIENCEEEEEEEEEEEEE
WHAT HAPPEN IF YOU LOOSE YOUR PATEIENCEEEEEEEEEEEEE
WHAT HAPPEN IF YOU LOOSE YOUR PATEIENCEEEEEEEEEEEEE
PLS PLS TELL ME

Dear Mr Krishna,
With due repect to you, this board is meant to share information, not to flaunt yourself as a little arrogant kid, you see sreedhar he shows restraint in what he speaks, never gets into arguments, even SJ was good but lately his childish behaviour is irritating, I have problem with that, Is better he knows this sooner than late and mend his ways

Dear Anonymous,

You cannot provide solutions then why are you restricting SJ in giving his valuable comments. If u cannot construct anything of yourself & other, then please debar yourself from all these comments

Regards
Krishna

Dear pramoters ka stake abhi 38% hai jo ki ipo ke badd 34% reh jayaga why pramoters stake is less then 51% becouse they them self have no faith in there own project co is in deep dept mark my words after ipo pramoter slowley reduce there stake and run away like pentafoursoftware sj i think you are new to the market only relying on brokers report these brokers are getting huge incentive for selling such issues guys be aleart this is the high time open your eyes

rose

Aisa bol rahey jaise ye sj koi merchant banker hai, chaddi pehan ke bistar pe phaltu research karta hai, Electrosteel is useless Issue

I have full faith on SJ

and i wish to apply for this IPO (for long term) 2-3 lots

lets see if I get allotment

Thanks SJ for your research

@ 86 anonymus

haan electosteel.....

itna saal se hai bankrupt ho gaya kya...?

jindal steel power ghate mein tha,....bankrupt hua kyaa....

lagta hai jo share tum bol rahe ho usme tumhara paisa gaya hai...isiliye tum aisa bol rahe ho...

main pura research kar ke lagata hun...

i have also been to jharkhand electrosteel cast project with my uncle who knopws electrosteel cast....

so if u dont know dont say......

main jaake dekh ke aya hun...

tum yahan baith ke khali comment karte hoo....!!

BOARDERS

GOOD PROMOTERS GOOD FOREIGN JV PARTNERS....FROM UK

good capacity project...

will never go bankrupt..

they have capacity to pay for full project....

do you think they are mad to take risk...?

i never misguide anybody everybody knows that...

agar tumme himmat hai...

to tumm anonymus post kyun kar rahe hooo....!!

misguide to tum kar rahe ho bhaii....


and get outside your home and laptop....

and do some research...aout the company by going to jharkhand...

you will see...

Get well soon......Mr. Anonymus