430.2. Eagleye| Link| Bookmark|
April 6, 2016 5:19:49 PM
IPO Guru (6600+ Posts, 22000+ Likes)
There are 2 steps on the listing day of any IPO
First between 9:30 - 9:45 the NSE / BSE open a window for the Price Discovery process ... the circuit filters during this period is managed very dynamically by the exchanges.
After the market price discovery takes place at 9:45 sharp .. thereafter the actual trading starts @10:00 ... after that the circuit filter band is pegged at 20% up & 20% down
just another idea on sugar front KCP sugar looking at its number and increase in price of sugar KCP Sugar & Industries Corporation has sold 84,318 quintals of sugar in February 2016, while the company has sold 2108.070 tonnes of Molasses in the same month. The company has also sold 645.250 tonnes and 24.475 tonnes of Bio-compost and Calcium Lactate, respectively. Besides, the company has sold 1060000 Bulk Litres of Ethanol in February 2016, while it sold 108.56 quintals of Bio-Fertilzer in the same month.
and most important it has very low debt compare to other sugar company this is best sugar bet based on balance sheet also it has big property portfolio in chennai and other south city which market value is in excess of few hundred cr i am put zero value
This stock has never crossed 33 Rs in its lifetime ever. Do u think based on its financials n land bank, can this stock break the barrier of 33 Rs. Currently trading at 29/30.
from memory in 2008 it was quoting at 700 plus anyway that was before split may be bonus.... I am just going by numbers present wholesale price of sugar is Rs 35 even at 28 my calculation says it will have a eps of at least 2.5 to 3 even at 15 PE the price of 45 is possible i have not include income from other by products kept it at zero
Did anyone have a look of its debt on books. Is it 4135 crore? Also avg cost of acq previoualy was 34 rs and now investors are exiting with good price . It is not a niche or unique play like jubiliant foodworks or just dial . Nor its a market leader. Nothing is too good and nothing is too bad. I will stay away from this one as its not exciting enough. It is better to stay on sidelines in such ipo.
Sir, You may be right. But Debt is 2174 Cr. Both short & Long.Loans & Advances is 4050 Cr. Cash 236 Cr.
Fresh issue is 720 Cr. Hence Net Debt is 1500 Cr.
Remember its an Financial Company so take loan & loan Keeping its margin. The only problem is Lower Margin nothing else. Good CSR policy. PNB has 70000 Cr Loan and its Advances are 65000 Cr.
Yeah so even that the debt is too high . The money is going for OFS and not all money going to company so debt wil still remain high it is not cheap too issuing at 24 p/e which is still expensive. small micro finance is till risky proportion . many good stock in finance are available in secondary market,
stay away. take a call after listing if you need to go for long term. it should not hold a range of more than 10 pc on listing day itself
i am not sure IPO u r not understand the business model all finance company borrow and then lend this borrowed amt. with bank they have CASA rest comes from funding bank play on the spread... better spread ratio better the bank is run.... IN case of micro finance the spread is anywhere between 12% to 15% from borrowing cost which mean if they borrow at 10% they lend at 22% this is the business model so debt will always be the part of the business.
With SFB license Equitas will benefit a lot with CASA effect.. SO IMO ur worry abt debt is not correct anyway if you not happy with company u r better to stay away
421. Eagleye| Link| Bookmark|
April 6, 2016 2:45:25 PM
IPO Guru (6600+ Posts, 22000+ Likes)
In Retail Category: applications for 25,453,980 shares received up to 13:30 today
Shivajee I have seen u requesting everyone for help on applying or not but u have not got any specific answer. I will try to help.
APPLY. Fundamentally good company.
Caution- Listing gain can''t be guaranteed. So take ur own decision. People have gotten after me n me very specifically becaI have been very vocal n forcefull on things which I feel is correct. So avoiding such recommendations altogether..
Disclaimer- I m not applying. I have moral issues with company which I have previously posted. However, others can apply.