Everonn Systems India Limited IPO Message Board (Page 88)

grey premium :400+ i totally agree with nitin about o/s.if applying less than 50,000 better to avoid because very very rare chance of getting allotment
strong buy gvfilms(see news in bse)@8rs(penny pic)target 12 rs(1 month).

no point in investing in this ipo retail portion will
get nearly 100 times and also the issue size is only 50cr.
one should buy on the listing day.there is news that app
forms have a short supply due to enormus appetite.

What should be the minimum application which will stand a chance?

hai folks i am back hello tanushri you have asked for everonn system issue, yes it is actively traded in rajkot, mother of ipo market & Jaipur. As per information available to us a premium of Rs. 435 to 450/- is commanding right now. my genuine guess the issue is quite small and it will be oversubscribed by at least 250 to 300 times and it will certanily create record, just like tantia construction does. poor retail investor will get nothing by applying in this issue. all they will get is refunds. you can apply for better issue this month where you will certainly get allotment with little bit of premium as well so wait for that.

Can we get some expert comments from tanushree

good profit this ipo
apply everonn

Hi Rao,
no 2 bids can be of same price...you have to apply for 200 sshares...and not 2 bids of 100.

our target for listing of the vishal retail was achived .

this is a very good ipo .so do not miss and apply aggressively. and i think it may touch 350 to 450 and then 500 level.so donot miss and apply aggressively it's very good ipo. so donot miss. so best of luck to all my friends.

Hi all,
As saurabh asked in 98# can we apply for 100 X 2 shares in 2 times. I mean instead of applying 200.

Why no response from QIB and FII's for this issue??

thanks kimmy.........

Hi Madhu,

u can still buy TV18 to get bonus share

sorry for posting hear


The board of directors of Television Eighteen Limited (TV18) have recommended an issue of bonus shares in the ratio of 1 : 1 (1 bonus share for every 1 share held), to the existing shareholders of Television Eighteen Limited (TV18) as appearing in the company’s register of shareholders, on the record date, which will be announced in a few days time. The bonus issue will be made by capitalising the free reserves of Television Eighteen Limited (TV18).

Any idea when it will be given..........
If i purchase on today they will give or not...?

Super IPO. You must apply.

Tanushree, awaiting for your opinion- about this.

i want to apply for 200 shares so tell me the chances of applying 200x1 or better 100x2. which is better to get?

it is must apply ipo. apply @ date 7/7/07 for good luck as this figure is magical figure. apply as much as you have....and hope for allotment.

The grey market premium for the forthcoming Everonn Systems India Limited IPO is more than Rs 300.

For a price band of Rs 125 to Rs 140, it means 200%+ premium.

The issue size is only Rs 50 crore.

Being such a small issue, an oversubscription of 70-80 times cannot be ruled out. Most people won't get any shares. .

(Just to give you an idea - ICICI's FPO was Rs 10000 crores.
Spice Telecommunications' IPO was Rs 520 crore.)

The IPO opens on 5th July 2007 and closes on 11th July 2007.

Company Background:

Everonn Systems India Limited is an integrated knowledge management, education and training service provider.

In simple words it does two things:

- Create educational and training content for different institutes; and the infrastructure required for it.

- Create virtual and technology enabled learning solutions.

Its profile is a bit similar to Educomp. Solutions. Educomp's IPO price was fixed at Rs 125. After 18 months of listing the stock is trading at Rs 2250. This may be the reason why Everonn has such high premium in the grey market.

IPO Objectives:

Rs 17 crore for capital expenditure.
Rs 8 crore for mergers and acquisitions during FY 2008.
Rs 5 crore for working capital.
Rs 20 crore for brand building and investments in the company’s proposed subsidiary.

Financials and Valuations:

From FY 2003 to FY 2007, the company's revenues have grown at CAGR (Compounded Annual Growth Rate) of 22% and profits have grown at CAGR of 64%.

PAT for last five financial years (FY 2003 - FY 2007) have been 0.41 crore, 0.61 crore, 1.51 crore, 4.91 crore and 4.86 crore.

eps for last five financial years (FY 2003 - FY 2007) have been 0.55, 0.81, 2.03, 6.60 and 5.63.

That means a PE ratio of 24.9.

Around 35.71 lac new shares will be issued in the IPO. The company currently has 102.78 lac shares. Thus Post-IPO eps will go down by 25.8% or PE wil

78. sanjay is absolutely right i am also very upset about it cause i missed allied digital as i checked after 1 around 1.10pm , i also need to knw that, later when i call them they didnt helped me out