Engineers India Ltd FPO Message Board (Page 40)

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
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(a)      Corporates            9626160      
2(b)      Individuals (Other than RIIs)            3590600      
2(c)      Others            1132220      
3      Retail Individual Investors (RIIs)      11543581      19041820      1.65
3(a)      Cut Off            15147500      
3(b)      Price Bids             3894320      
4      Employee Reservation      712000      341240      0.48
4(a)      Cut Off            334100      
4(b)      Price Bids             7140      

nearly 2 times

latest retail figure?

Equity dilution is done by 10% and post FPO the government holding comes to 80%, so in these 10% (50% is reserved for QIB, 35% for retail, 15% for HNI) so if HNI and retail is not subscribed heavily it is good for retail allotment and also there will be less selling pressure. Also the P/E of the company will be around 17 if it does an EPS of 17 for FY10-11 and also market will be giving more importance to forward EPS than trailing EPS. And there is no comparable listed peers it demands a premium valuation. The order book stands at 6300 crores which provides visibility for next 2 to 3 years. It has been growing at an CAGR of 47% in topline and bottoline for the past four years. Also it is dividend paying company and 5% discount is given for retail investors, so we will get at 275.5 if the issue is subscribed at the higher end of the band which is likely as per subscription figures and if is done at lower end then will be more lucky. If it does an EPS of 17 in FY11 then P/E comes to 16 at 275.5. Taking 19 to 20 P/E for an excellent company like this, 320-340 is the fair value it should trade at post listing. Even if does list at 300 if market conditions are bad, then also we will get a decent profit. But must have portfolio for long term.

EIL PREMIUM SHOOT UP AT 5=00RS..

219. care

Are you enthusiastic to know translation?

If vegetable price rises, people won't buy, they bargain. However, if share price decreases, people will run-away. But, as the share price increases, whole world will chase to buy.

This is a forum where everyone reads other's views on the IPOs.If you use kannada which most of the people except kannadigas dont understand, wats the use??

Please refrain from using regional languages here.

thanks friend for reply and also tell me the final subcriptions figure of Eil and sks

ENGINEERS INDIA LIMITED - NSE Bid Details retail - 1.21x                        
Updated as on 30 July 2010 at 1600 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
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(a)      Corporates            9626160      
2(b)      Individuals (Other than RIIs)            3590600      
2(c)      Others            1132220      
3      Retail Individual Investors (RIIs)      11543581      13921580      1.21
3(a)      Cut Off            10283120      
3(b)      Price Bids             3638460      
4      Employee Reservation      712000      166700      0.23
4(a)      Cut Off            159560      
4(b)      Price Bids             7140      

Dear Ravi

Thanks a lot

Latest Subscription Figure at 4 PM
HNI 6 Times
RET 1.92 Times.
Apply in this IPO surely u will get good return.

192. saggy

Tharakaari jaasthi iddare jana thogolalla, kadimege keluthaare. Aadre, share kadime aadre jana hathira baralla. Jaasthi aadre odi bandu thogothaare.

198. RAJ

Probably Bajaj. Better check-up with your other sources & ask friends & go against the consensus opinion.

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
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      8822180      1.78
2(a)      Corporates            5225460      
2(b)      Individuals (Other than RIIs)            2504080      
2(c)      Others            1092640      
3      Retail Individual Investors (RIIs)      11543581      10822740      0.94
3(a)      Cut Off            7443000      
3(b)      Price Bids             3379740      
4      Employee Reservation      712000      164780      0.23
4(a)      Cut Off            157680      
4(b)      Price Bids             7100      

ENGINEERS INDIA LIMITED - NSE Bid Details retail - 0.94x                        
Updated as on 30 July 2010 at 1500 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
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      8822180      1.78
2(a)      Corporates            5225460      
2(b)      Individuals (Other than RIIs)            2504080      
2(c)      Others            1092640      
3      Retail Individual Investors (RIIs)      11543581      10822740      0.94
3(a)      Cut Off            7443000      
3(b)      Price Bids             3379740      
4      Employee Reservation      712000      164780      0.23
4(a)      Cut Off            157680      
4(b)      Price Bids             7100      

Baba Singh pls teel me from where u collect this data

Regards,
Parmod Gupta

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.

RETAIL AND EVEN HNI SUBSCRIPTION IS DISAPPONTING TILL 3 PM.

I HAVE REDUCED MY EXPOSURE TOWARDS EIL AND AT THE END OF THE DAY IF ITS LESS THAN 2.5 TIMES IN RETAIL I WILL HAVE TO STOP SOME CHEQUES.

DEAR VT,by the time u have received view of equity master u hasve now miss the bus..ask saharanppuri,he might have applied in this fpo..better luck next time

Updated as on 30 July 2010 at 1500 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
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      8822180      1.78
2(a)      Corporates            5225460      
2(b)      Individuals (Other than RIIs)            2504080      
2(c)      Others            1092640      
3      Retail Individual Investors (RIIs)      11543581      10822740      0.94
3(a)      Cut Off            7443000      
3(b)      Price Bids             3379740      
4      Employee Reservation      712000      164780      0.23
4(a)      Cut Off            157680      
4(b)      Price Bids             7100