Engineers India Ltd FPO Message Board (Page 39)

Stock could hit 500-750 in 1 to 1.5 years

Oversubsription level is no guarantee of listing gains. Leave aside long term or medium term, almost everybody on this forum is looking for listing gain with maximum seven days holding post listing. We have already seen fate of NHPC and SJVN which were heavily subsribed not just by retail but by QIB's. On the other hand, we have also seen fabulous returns of IPo's which hardly got fully subscribed or moderately subscribed by 2-2.5 times. There is no need to name look at past 6 issues and see for yourself.

So moral of the story is just don't concentrate on level of subscription, it is the pricing which is important. I feel Rs. 270/-(257/ after dis) was the most ideal price for EIL in the hands of retailers. At 275/- retailers may not get opportunity to unload upon listing at 5-10% gain. A case in point is NMDC which was hovering at 10-12% premium when IPO closed but cracked upon listing and people are still holding the allotment.

ENGINEERS INDIA LIMITED

Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 16490830 386338640 23.43
1(a) Foreign Institutional Investors (FIIs) 224632760
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 122397280
1(c) Mutual Funds 37907120
1(d) Others 1401480
2 Non Institutional Investors 4947249 28954140 5.85
2(a) Corporates 21570240
2(b) Individuals (Other than RIIs) 6251680
2(c) Others 1132220
3 Retail Individual Investors (RIIs) 11543581 34492720 2.99
3(a) Cut Off 29618020
3(b) Price Bids 4874700
4 Employee Reservation 712000 407620 0.57
4(a) Cut Off 398160
4(b) Price Bids 9460

Updated as on 30 July 2010 at 2030 hrs

Dear Sreedhar,
I had to go out on a work yesterday. So I put a target of 339 and stop loss of 325 and went out. Stop loss got triggered. Anyhow, thanks for your advice. Hope to get more such advices in future.

40000 worth shares will be alloted for 1Lakh application.

Each & Everybody will surprise on post-listing performance of Engineer;s India .. Yes I mean it ... Share should gradualy move upward with 1 year target of Rs. 500 +... Remember my words .......BOL BUM

238. gem ipo finder

agar tum EIL ko jokhim kah rahe ho to me puchta hu ki kaun se ipo ajokhimvale nahi he
har ek ipo gem hota he jo khulne ke bad hi pata chalta he ki kaun sa ipo fayada me he.
kisi bhi ipo ko achha kahena aur bura kahena chod do.




yaad rakhana

EIL aur SKS ME SE JYADA FAYADA SHAAYAD EIL KO HI RAHEGA TO TUM KYA KAHOGE !!!!!!!!!!!

i was expecting 2.5 times in retail , but it had very bad figs till 3 pm so i cut my exposure to this ipo by Rs.1 lac


GEM IPO FINDER Jul 30, 2010 3:37:08 PM IST
Engineers India Ltd
SKS VS EIL - HOW TO TACKLE THESE 2 IPOS ????

EIL :
COST TO RETAIL = 275.5
TIMES OVRSBCRBD = 2.5
PRICE AT LISTING = 290-295
GAIN PER 1 LAC APJCN = RS 2700

SKS :
COST TO RETAIL = 935
TIMES OVRSBCRBD = 2.5
PRICE AT LISTING = 1040-1050
GAIN PER 1 LAC APJCN = RS 4800

IN BOTH THE IPOS LISTING EXPECTATIONS ARE ON MODERATE SIDE THAT LISTING PRICE IS VERY MUCH POSSIBLE IF MARKETS REMAINS IN SAME MOOD TILL THEY LISTED.

EIL HAS MORE RISK TO FALL TOWARDS ISSUE PRICE TILL U GET THE SHARES IN FPO, GOOD CO BUT NOT TOO EXCITING BOTH IN TERMS OF BUSINESS AND VALN, PAST TRENDS IN GOVT FPOS/IPOS INDICATE LOWER GAINS.

WHEREAS SKS INSPITE HIGH VALN, THOUGH NOT HIGH IF U COMPARE GLOBAL MF COS, HAS VERY VERY EXCITING BUSINESS MODEL, DIFFERENT TYPE LIKE JUBLIANT, COX ETC.IT WILL COMMAND GOOD SCARCITY PREMIUM POST LISTING BECAUSE THERE IS NO SUCH CO LISTED EXCEPT SE INVST WHICH IS TOO SMALL FOR FIIS.

TAKE DECISION AS PER UR HEART AND MIND AND GO FOR THE KILL.
DONT CONFUSED MUCH IN RATIO OF ALLOCATION BETWEEN EIL AND SKS LIKE ME, MY FINALS ALLOCATION IS STILL IN DILEMA.

with 3times sub in retail for EIL & capital market 50/100 for BAJAJ, I WILL GIVE STOP PAYMAENT FOR EIL tomorrow (limited money ) will go for SKS & BAJAJ.
It will be really helpful if serious boarder like Shreddhar, Ravi bangalore, GEM IPO finder, k k Natarjan,Saharanpuriji, wiseowl perth,one idiot & last but not least setu Jain will comment on my stratgey.
Eagerly awaiting reply from all!!
Thanks a ton in advance
milinds

retail 3 times exactly

will get around 120 shares in full application considering some price bids are at lower end

good FPO, Everyone will get at least 5k return on one full application.
Govt. will not let it down below 325.
Dont forget next divestment candidate is CIL(Coal india)

15k crore IPO, If Govt. wants money from CIL then govt. will provide a very good return in EIL

Happy Investing !!!

----------------------------------------------------------
sreedhar Jul 30, 2010 8:36:17 AM IST
Engineers India Ltd
Dear Natarajan,
Predicting QIB response has always been my strength that was the reason I made max profit in HMVL & previous other Issues & now EIL.Post SEBI new rules my major advantage in IPOs has been taken away.If EIL closing date for all three categories were same EIL retail subscription would have only been 1-1.5 times,now it will easily cross 3 times.Expecting this,I explored new method & luckily got that when EIL got to 290's .
-----------------------------------------------------------
As expected EIL retail subscribed 3 times.But there is an interesting catch.Total 4469 Lakh shares were bid at 270 while while 4400 lakh shares were bid at 290 that means a difference of 69 lakhs.Approximately 49 Lakhs were price bids from retail.We do not exactly out of 69 Lakh bids at less than 290,how many of them are retail.Also employ quota subscribed only 50 percent so 3.6 lakhs will be distributed.Retail may get 1 lakh shares as overflow.So overall no of shares that will be alloted is a little bit hazy.

The follow-on public offer of Engineers India (EIL), which closes on Friday, has received tremendous response from investors. It has been subscribed 23 times so far, reports CNBC-TV18 quoting sources.
The demand for the issue was almost same at each price level of the price band of Rs 270-290 per share. Qualified institutional investors' (QIBs) reserved portion got subscribed 23.43 times.
CNBC-TV18 learns that retail investors' portion got subscribed 1.92 times and non-institutional investors 5 times.

Latest subscription figures

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/Engineers-India-share-sale-subscribed-13-times/articleshow/6237617.cms

Here is the Latest Details at 5.00 P.M at Bse web Site

SNo.Category No.of sh.Off No.of Sh.Bid No of Times Subscr.
1. QIB 16490830       386338640       23.4300
2. Non I.I 4947249       681140       0.1400
3. Ret.Ind 11543581       4721620       0.4100
4. Emp.Res. 712000       68760       0.1000

Total Demand 33693660       391810160       11.63

Hope in order & helpful to all

Rgds

ENGINEERS INDIA LIMITED - NSE Bid Details                              BSE      TOTAL
Updated as on 30 July 2010 at 1800 hrs                                    
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category            
1      Qualified Institutional Buyers (QIBs)       16490830      320194460      19.42      4.011      23.43
1(a)      Foreign Institutional Investors (FIIs)            215839040                  
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            85112080                  
1(c)      Mutual Funds            17878860                  
1(d)      Others            1364480                  
2      Non Institutional Investors      4947249      14348980      2.90      2.9522      5.85
2(a)      Corporates            9626160                  
2(b)      Individuals (Other than RIIs)            3590600                  
2(c)      Others            1132220                  
3      Retail Individual Investors (RIIs)      11543581      19041820      1.65      1.06      2.71
3(a)      Cut Off            15147500                  
3(b)      Price Bids             3894320                  
4      Employee Reservation      712000      341240      0.48      0.0619      0.54
4(a)      Cut Off            334100                  
4(b)      Price Bids             7140                  

RETAIL SUBSCRIPTION MORW THAN 3 TIMES

After OIL & REC, EIL will rock. Next multibagger waiting is CIL (another three letter PSU). It's good discussion forum & it helps retail investor to choose right IPO. Analysts of broker houses are paid to write favourable review. In this forum we get objective view.

max application will get 120 shares of ..EIL..PREMIUM 5















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WHOEVER HAD APPLIED FOR 340 SHARES WILL GET ..120 SHARES APPROX..IN EIL..FPO

EIL 6 PM .......
Total Issue Size 33693660
Total Bids Received 446920420
Total Bids Received at Cut-off Price 26864300
No. of times issue is subscribed 13.26

overall subscribed 23.5 times

QIB by 24 times
HNI subscribed by 5 times...
Retail by 2 times...

Very good for retail investors now as the allotment will be very good and also the listing will be excellent