Globus Spirits Limited IPO Message Board (Page 9)

Bumper listing.
This IPO was really attrctively priced. Company is available just at 4-5 PE multiples. Fully diluted basis 7.5PE multiples, in that case this IPO money as infused will bring more revenue and profit in the company

globus spirit retail mein 1.02 times subsribe hua hai, jitne shares ke liye apply kiya hai utne mil jayenge, now wait for the listing date

SP Tulsian is not a great. Never ever believe his words. He said the same thing during Empee Distillaries IPO last year. I think he would be receiving commission from Global Spirits for making us fools and getting subscribed of the issue.

Be careful from these try to Analyists and don;t put your valuable money based on there comments. Let the companies coming for IPO's price them suitably by leaving some Per% for Retail Investors.

Globus Spirits' initial public offering (IPO) of 75 lakh equity shares of Rs 10 each will close today. Investment Advisor, SP Tulsian said considering the track record, the financial performance and the average PE multiple given to the peers in the industry, this issue did not look expensive. One can subscribe even at the upper band of Rs 100. “I expect it to give return of at least 20%,” he said.

Here is a verbatim transcript of the exclusive interview with SP Tulsian on CNBC-TV18. Also watch the accompanying video.


Q: I am looking at the average price paid by promoters to buy into that stake and it is Rs 4.6 paisa. Could you explain to us why promoters should be holding shares and most of these were issued within the last one-year or one-and-half-years in terms of bonus and everything else – Rs 4 for the owners and everybody else pays whatever – why?

A: In fact this is the tradition for the closely held companies that before going public whatever networth they have with them gets utilized for issue of bonus shares. In June 2007 the bonus has been issued. But if you see the RHP, in November 2007 the company has issued shares at Rs 150 per share while now it is being made at a band of Rs 90-100. So, in fact this is in confirmative and if you see the present book value of the company as of June 30, 2009 – they have close to Rs 55.

Q: Should this issue be subscribed to? Will it give you an opening pop – 20-30% or will it fall below its issue price after it’s issued? What do you think because the subscription data at the moment doesn’t look to say the least very attractive?

A: Firstly I’ll say that my opinion is that subscribe for the issue for the simple reason that the company has been posting an average EPS of close to Rs 11 on the completed year. If I go by the current year’s performance they expect to have Rs 20 EPS for FY10.

The second point is that one can expect a listing gain of about 20%. But I am not taking that call purely it is a fundamental call being taken on the issue.

Third point is that if it is likely to list below issue price it is better to buy in the secondary market and that time it is very difficult because I am confining myself to the present performance of the company. If you see they have good presence in the IMFL and the country liquor with their own brand as well as they’re catering to the contracting work also.

So considering the track record, considering the financial performance the average PE multiple given to the peers in the industry, I don’t find this issue expensive. In fact one can subscribe even at the upper band of Rs 100

I fully subscribe to Patel . I shall apply to it & all other ipo till i have money & i do start begging.

Hi, IPO Analyst 62

I am not giving my own data as per company growth EPS not remain const and will increas in next quarter and expected EPS for 09-10 is Rs. 20 and not actuall if you want to be take margin of safety you may assume constant EPS and annual EPS of Rs.12 to 13.5 for year 09-10.

But currently we should consider calculation based on EPS only of 08-09. so, we may expect price Rs.110-135 range intially.

Thanks,

listing confirm 125 + all satta NHPC +ADANI ALL LALOO WILL SEEE THIS ROCKET

sorry typo in previous message...

Diluted Equity post IPO is 1.97 crore shares.

PAT for June Quarter is 6.78 crores. Annualised EPS will be 13.5. IF market gives 10 PE it will list at 135 but will market discount quarterly earnings into full one or take only FY09 earnings and then give it PE multiple?

Cheers,
IPO Analyst

TO 37 & 42

Hi Sheky,

Boss from where did you get the 20 EPS for FY09-10.

Its profit after tax for June Quarter is 6.78 crores. Based on post-diluted EPS of 1.97 crores Annualised EPS will be 13.5 and not 20 and that 13.5 will come if all quarters profits are same.

Please check.

Cheers,
IPO Analyst

listing fist day rs150

Do not apply, you will burn your fingers if you invest in this ipo.

jindal and global both will give listing gain on listing day

invest in this ipo it will touch RS 200 ON LISTING DAY

this is another Austral coke or alkali metals. promoters themselves will trade in thier scripts. be careful with your money

To be honest, this issue appeals me. However, this is on higher side, it has potential. PLEASE DO NOT LISTEN TO ANALYST, they will speak their interest only. Do your home work, and if you find viable, make your own decisions. I am not here to recommend anything. Just making my point, make your own judgement.

the indian government is planning IPO, in the name of" loot sako tho loot lo ltd. The price bend of this IPO is small investor blood. so apply all of your blood in this IPO to hudge subscribe this IPO

Grey market premium has come down to 4rs after nhpc listing, so avoid avoid avoid

Many investors make too much fundamental analysis to play in stock market.

Stock Price moves on the basis of demand and supply for the stock. Technical Analysis studies the “effect”, i.e. the price, without wanting to know the “cause” of the price move. By the time the Fundamental cause of the price-move is known, it is usually too late for a profitable trade. One should, therefore, follow only Technicals.

Eg: Mahindra Holidays is fundamentally over-valued. However, IPO investors made money in this issue but disappointed in Adani Power & NHPC.

Based on various brokerage house reports, it should have been priced < 65.

Considering small issue size as well as fair valuation (neither cheap nor costly), a reasonable listing gain cannot be ruled-out.

Investors are pessimistic due to poor listing of Adani Power & NHPC. When investors are pessimistic, there is a good chance of decent listing.

Bye bye JINDAL COTEX and GLOBUS SPIRIT. See you on the day of listing in the secondary market. I thought of applying initially, but ADANI POWER asked me to THINK TWICE and NHPC told me to SHUT UP AND KEEP QUIET.