Engineers India Ltd FPO Message Board (Page 43)

EIL is on it's way now

IT has started cracking
324 now

once the cheque gets cleared, once can easily find it at 290 levels
better to avoid and apply in bajaj!!!

Latest figure of subscription in retail???

EIL price start falling......................

Latest Retail position kya hai ?

Dear Natarajan,
Sold EIL at between 330 & 335.You can also sell at 330 & above.

JAM KE LAGAO
KHUB PAISA MILEGA
ISSUE KAM SE KAM 3 TIMES HOGA

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 .

gem,
Yes I predicted it will get such a tremendous response that is why I had said long back that I will go for EIL only when everyone was gung ho about SKS .When EIL came to 297 I bought 3 applications full & will be selling today around 340.The day I bought the shares at 297 I said I will be selling them only after it reaches 330-340.So already I have made good profit in EIL .Now QIB 23 is same as 100 times in old days when only 10 percent payment was used to be made upfront,this indicates there is real demand for EIL .I am making 8 full in EIL & will sell these shares above 320 post listing provided Indian markets remain at the same level.

Bajaj corp is a small Issue,I will go for 4-5 full.
I said long back I am avoiding SKS as a matter of principle even when its price was expected at 650.I do feel though SKS will give maximum profit as its retail subscription will be less.

Sikari nay 24 times QIB,s oversubcribe ka chara daal diya hi,jisay retaler pakshi bhari matra may chugnay aay aur QIB,s apni bid withdraw karlay aur retailer paksi jaal may .

Dear Sreedhar,
It was tempting for me yesterday to sell EIL at 330, but I controlled myself as it would be better to sell after knowing the QIB response. Though you predicted better response in the QIB portion, I did not expect such a huge response!

SREEDHAR,

IN THIS IPO I HAVE PLANNED TO APPLY IN TOTAL 160 LOTS, 20 SHARES IN EACH LOT AT CUT-OFF AS FOLLOWS-

4 APPLCN OF 17 LOTS EACH
4 APPLCN OF 12 LOTS EACH
4 APPLCN OF 11 LOTS EACH

I M HOPING RETAIL SUBSCRIPTION AT AROUND 3 TIMES.

THIS WILL CUT MY EXPOSURES TOWARDS SKS AND BCORP.

MY TARGET PRICE TO SALE EIL IS 290-305, IF I COULD SALE AT 290 I WILL BE HAPPY AND IF ANY THING ABOVE 300 I WILL BE VERY HAPPY.

WHATS UR STRATEGY FOR THSES 3 IPOS NOW.

I THINK RETAIL SUBSCRIPTION WOULD BE 3 TO 4 TIMES, SO THAT TIME SKS MICRO IPO IS DOING GOOD RETURN FOR RETAIL INVESTER..SO AVOID THIS FPO.....
BECAUSE OF IN SKS MICRO IPO U WOULD BE GET MAXIMUM SHARE AND MAXIMUM PROFIT THAN EIL FPO...SO CHOICE IN YOUR HAND...?

EIL QIB AROUND 24 TIMES !!!!!

ALL THE BIDS ARE AROUND 290, SO NO CHANCE TO GET IT AT LESS THAN THIS PRICE.

SREEDHAR,

EIL QIB AROUND 24 TIMES !!!!!

I WILL NOW INCREASE ALLOCATION TOWARDS THIS IPO , CUTTING EXPOSURE FROM SKS AND BCORP.

ARE YOU ALSO GOING FOR BCORP ? MEANS U R COMPROMISING EIL.

GOING 100% IN EIL IS BEST OPTION FOR LISTING GAINS.

I M TOTALLY CONFUSED NOW WITH ALLOCATION TOWARDS 3 IPOS.

i will deposit 8 full applications tomaro 200000 profit conform.

rocking subscription from QIB.SEBI should use same pattern in all IPO so that Retail Investors see that what the subscription of QIB?

gem,
checked your post just now.Regarding, Bajaj Corp it is using part of the proceeds to diversify.Once it is diversified it will become like any other FMCG Co.Most important is the Bajaj brand,Put Bajaj sticker on any product,it will sell like hot cake,such is its brand recall especially in rural India.So I do not have any doubt about Bajaj Corp.I do not hold most stocks long term but I will hold both Bajaj corp & EIL,such is the confidence in both stocks.
Regarding EIL I said that it will be heavily subscribed in QIB & my prediction is bang on.That is why I had purchased at 295 when it came to that price,becos I felt it will not reach 295 post FPO in normal market.Tomorrow sparks will fly in HNI Segment.

Tommorrow it will huge response from retial in line with QIB's today

Fundementals are good.
Many people are comparing this FPO with NMDC. Well it is right that NMDC was trading above 350 till allottment but overall metal industry shares were tanked with NMDC so u cant blaim govt. For this.
EIL being a engineering co. differs from NMDC as it has a strong order book which when executed will give good profits whereas other one is directly related to inc/dec in metal prices

engineers india limited.. best fpo...