Future Ventures India Ltd IPO Message Board (Page 6)

Dear friends,
Thanx for the concern.I have given myself 5 days to take a final decision.If I feel it will list in discount I will bail out.My application is not final.If & when I make the decision I will inform the board.

what are the subscription figures. well future of future venture till now looks very bleak.

Sreedhar,
Its an irony that 3 years ago people lined up for a stiffly pricd FCH @ 765/- and the isue was ovrsubscribed 45 times now the same promoter comes with at par issue but there are no takers. The reputation of Biyani has taken severe beating in the last 3 years. His main forte, PRIL itself is reeling from its hey days before 2008. When public punishes somebody they give hefty punch.Its sure Kishore Biyani will now find it almost impossible to recover from this jolt and revisit the IPO market in the next few years. The tall image he had built over the years has completely tarnished and the beating of FVL will have impact on PE of PRIL also. Even FII's have deserted him. His media savvy image has fallen like the statue of Saddam Hussain.

You have subscribed on the basis of HNI figures, its a high risk and may be high reward proposition now. but I think a large chunk of funds are deployed by Biyani and his investment arms mainly to sailthrough the issue. If that is the case, there will be no gain on listing however if it is due to funds of speculators, you will certaily make decent gains from the issue. So my hands are crossed. Due to uncertainty, i kept away from the IPO.

Sreedhar,

Manipulation for 750 Crores issue?

Dear Sreedhar,
Retail Investor has subscribe for 50% of the retail quota.
To manupulate the same they will need around Rs 150 cr to invest in retail quota.
Dont assume this amount is small, & If consider QIB quota of 26% Rs 100 cr. Well take your own decision.

I want to buy....50 L shares at the rate of 1 RS can any one help me.

SKdash,
it is more of a strategic play nothing else.After I saw HNI were not withdrawing their bids & bidding more I applied becos the control of Issue is now in their hands.I took decision at 1520 hrs.

very urgent please somebody give me category wisr subscription of Future Venture

please somebody give me category wisr subscription of Future Venture

NEW IPO.
SANGHVI FORGING.
OPEN 4 MAY---
CLOSE 9 MAY--
The Vadodara-based Sanghvi Forging and Engineering has filed draft red herring prospectus with SEBI to raise Rs 42.50 crore through an initial public offer. It has proposed to use the IPO process to part-finance its Rs 120-crore expansion plan.

Forging unit

The company will set up 15,000 tonnes a year open-die forging unit (with single piece forging up to 40 tonnes) to manufacture forgings such as stepped shafts, bars and hollows, blocks, flanged shafts, gear blanks and forging items at Vadodara.

Currently, these products used in wind energy, oil and gas, steel, power, pressure vessel, petrochemical, sugar industries and nuclear plants are generally imported. The project will go on stream in May 2012, the company said.

The project has been appraised and part financed by State Bank of India, which has extended a term loan of Rs 50 crore. Bank of Baroda will chip in Rs 22 crore as debt. The equity shares will be listed on Bombay Stock Exchange and National Stock Exchange.

Performance

It has recorded net profit of Rs. 2.48 crore on sales of Rs 29 crore in the financial year 2009-10. The company's net worth on a consolidated basis was Rs 12 crore on March 31, 2010. The net asset value/equity share of Rs 10 each was Rs 27.49.

The company, which manufactures standardised and customised products, has an installed capacity of 3,600 tonnes/annum with a single piece forging up to four tonnes in the area of open and closed die forging.

Approved vendor

Exports to Europe, West Asia and Canada constitute about 20 per cent of the company's top-line. It is an approved vendor to companies such as Engineers India, Mecon, UHDE, Toyo, BARC, GE, ISRO, Kuwait Petroleum.

SL no 148, 149 was by mistake mentioned as 349, 350

Sreedhar-148, 149

When I saw yr blog that u r applying- it was so late for me to apply thru ASBA. Had u changed yr mind and informed us earlier............

Anyhow, no regret for the same.

Sanghvi forging care rating '3'

Rating Rationale
The grading draws strength from the experienced promoters and comfortable financial risk profile
of SFEL marked by healthy (though fluctuating) profitability margin in the last three years,
comfortable liquidity indicators and moderately levered capital structure. The grading also factors
in SFEL’s diversified revenue-mix and relatively stable outlook for the end-user industries.
The grading is constrained by its modest scale of operation, high working capital intensity and
project risk marked by project size of almost six times of its networth as on December 31, 2010 and
more than four times of its existing capacity. Exposure to raw material price fluctuation risk and
foreign exchange fluctuation risk further constrain the grading.

Company Profile
SFEL, incorporated in 1989 by Mr Babulal S Sanghvi, has an operational track record of around 20
years. SFEL is engaged in manufacturing of forged flanges & rings in industrial forging and
precision machined components with an installed capacity of 3,600 Metric Tonnes Per Annum
(MTPA) in the area of open and closed die forging. SFEL caters to the demand for forging in the
non-automobile segment (Refineries, Fertiliser, Power, Engineering etc).
During FY10, SFEL has reported PAT of Rs.2.61 crore on total income of Rs.29.22 crore against PAT
of Rs.2.50 crore on total income of Rs.29.55 crore in FY09. In 9MFY11, SFEL has earned PAT of
Rs.3.09 crore on total income of Rs.26.89 crore

I intend to withdraw the application if my assumption is wrong.Those who apply should also be ready to withdraw.

Just now I had filed future venture application.HNI has got all the shares & hence very good chance of manipulation as no QIB pressure will be seen.Change in strategy.I will check till 5 days the status of future & then take a decision accordingly.

congrats friends for teaching a lesson to greedy promoters

FUTURE VNT
TILL 3'O CLOCK
HNI 7x

CURRENT NEWS HNI MORE THAN 10x

i am witnessing a penny stock ipo after a long time

money became cheap now a days. Ghatia cos are also getting subscribed min 1 time and 1 time is more than sufficient so far as co is concerned.

Retailers nay bata diya ki NHPC jaisi companiya ab retailers ka koon nahi pe sakti.