Guj Pipavav IPO raises Rs 92.17cr from 20 anchor investors BY SELLING 2.04 CR. SHARE @ RS. 45. WHY RETAIL INVESTOR APPLY @ RS 48? WHAT IS THE BOOK VALUE OF THE COMPANY?
So i advice people striclty invest for long term and not for short term gains in this IPO. Invest half now and half after listing if it goes down bcoz of operators and average or whn price stabilizes after listing at premium
And as far as people calling shreedhar ravi gem..cheatars operators..everybody nows hough helpful they have been and how....humble they are
They dont call others cheaters just because they do not agree to them.
So people I have given U COMPREHENSIVE ANALYSIS....AND I CAN CLEAR ANY DOUBTS IF U HAVE...!
dekho ji bahi logon..........bahut hi badhiya issue hai........infrastructure share hai wo bhi 50 ke niche..... Munra Port 800 ke muqable bahut sasta hai.
AJKAL INVESTOR KE LOSS KARNE KI ADAT HO GAIE HAI,SOCHTA HAI ONE LAC MEIN KEWAL 200-250 SHARE HI AYENGE AUR LOSS 500-700 SE JAYDA NAHIEN HOGA .YEH SOCH ACCHHI NAHIEN HAI.MONDAY KO QIB 42 TO 45 MEIN BHI APPLY NAHIN HOGA,RETAILER KE PAS JYADA PAISA HAI LUTAO
PAT IS IN BRACKETS BECAUSE IT IS NEGATIVE PROFIT I.E. LOSS.
LOSS IS ALSO INCREASING IN THE PROPORTION OF TURNOVER.
ITS AN "AIR DECCAN" TYPE OF COMPANY WHICH WILL NEVER COME IN PROFIT. ITS NET WORTH HAS ALREADY BEEN ERODED BY CONSISTENTLY INCREASING LOSSES AND AFTER THIS IPO SECURITIES PREMIUM WILL INCREASE THE NET WORTH BUT THE SAME WILL BE ERODED IN NEXT 2 YEARS. THEREAFTER, DESPITE INCREASE IN VOLUMES AND REVEUNES THIS COMPANY SLOWLY AND GRADUALLY WILL HAVE SAME FATE AS OF AIR DECCAN.
as per BS.....gross assets are about 1500 crores..... out of 500 crore ipo, 300 crore will be used for repayment of loan so net addition for developement is just 200 crore at max. I hope they won't take more loan to expand as they are utilizing the proceeds to pay off existing loans. so when you could not get developed with 15oo crores (including loan BUT after suffering that big losses), it is very hard to think that 200 more crores will change the company dramatically.
If we say that company need some time to establish, it could not do that in last many years (i know that infrastructure takes time but it already have achived some of reasonable turnover). So with this speed of losses, big risk that in long term the capital gets wiped off instead of good return.
I prefer to sell this in advance and book a guaranteed return instead of taking big risk for another 3-4K. Sorry I do not believ in long term investment in so called under developement companies. I would better have a long term call in the companies who know how to remain in profit even small amount.
BOLO TARA RA RA SJ, (the gang of operators) have some vested interest in ipo they told that i am mad when i sad about court cases criminal cases , lab our cases,land cases against the gppl i wounder about the 15 labour cases filed by staff, in 5 years withdrawal of money by 2 big funds at loss non application of reliance fund in anchor investment and an loss making company bajaj people could hardly get 10 to 15 % as listing gains as from 795 the price went down to 760 within seconds big ipo of cores govt could not down Trent of sjnl with lic and gic in how much seconds it will fall down on listing
i hope we should have one post per person why these same people want to make comment about the ipo i feel they have some personal interest i feel the ipo gujarat ppl is not worth applying hence those are operators
BOLO TARA RA RA I AGREE TO YOU VERY MUCH BUT I DO NOT UNDERSTAND WHY SOME BOARD MEMBERS ARE WRITING ,REPLYING , HURTING , EVERY BODY WHO IS AGAINST THE IPO ,THEY CALLED ONE PERSON MAD , WHY ARE THEY IN FAVOR OF THE IPO SO MUCH SO THAT IT THEIR OWN BABY I HOPE THEY ARE CHEAT ,ASKING PEOPLE TO APPLY LET PEOPLE DECIDE WHO ARE THEY TO CONVINCE THEY ARE NOT MY PARENTS THEY HAVE ONLY ONE AIM TO MIS GUIDE PUBLIC WHY SHOULD WE APPLY IN LOSS MAKING COMPANY WHEN PROFIT MAKING COMPANIES ARE WAITING TAKE THE CASE OF BAJAJ THOSE WHO EXITED AT 20 PER CENT PROFIT AT THE TIME OF LISTING ARE LAUGHING AWAY WHILE OTHER WERE WAITING TO SELL AT RS 800 COULD LESS AT 10 TO 15 % PROFIT AT LEAST WE SHOULD MAKE MORE THAN 5% PROFIT IN THIS IPO WHICH IS NEXT TO IMPOSSIBLE AGAIN I LIKE TO TELL THOSE WHO ARE WRITING AGAIN AND AGAIN ARE CHEATS
FINANCIAL YEAR DEC'09 DEC'06 TOTAL INCOME 225 142 NET PROFIT (118) (52)
NOW OUT OF THIS IPO AROUND 300 CRORES WILL BE USED FOR DEBT PAYMENT. THIS WILL INCREASE PROFITABILTY (OR REDUCE LOSSES) BY AROUND RS. 30 CRORES PER ANNUM ONLY. STILL THERE WILL A HUGH LOSS ON ANNUAL BASIS.
WE CAN ALSO SEE THAT DESPITE GROWTH IN VOLUMES AND TURNOVER PROFITABILTY NEVER CAME. THIS LOOKS LIKE "AIR DECCAN" TYPE OF BUSINESS MODELS WHERE "PROFIT NEVER COMES".
EVEN WE ASSUME THAT THERE WILL BE PROFITS AFTER 10 YEARS SAY RS. 1 PER SHARE., IS IT WORTH TO APPLY FOR THE SHARE AT 48/- PER SHARE THAT TOO WITH A OVERSUBSCRIPTION OF AROUND 10 TIMES.
YOUR EFFECTIVE RETURN PER LAC OF APPLICATION WILL BE LESS THAN RS. 1000 AND I WILL NOT BE SURPRISED EVEN IF YOU GET A NEGATIVE RETURN.
INVESTORS : THIS IS YOUR OWN MONEY, TAKE WISE AND INFORMED DECISIONS. I AM WRITING THIS MESSAGE KNOWING THE FACT THAT THERE IS A GREY MARKET PREMIUM OF 9-10 PER SHARE BUT STILL I FEEL THAT THIS ISSUE IS NOT WORTH APPLYING. IF YOU BELIEVE IN GREY MARKET THAN GO AND SELL BUT OTHERWISE DONT APPLY AT ALL. I HAVE NO BENIFIT IN YOUR APPLYING OR NOT APPLYING IN THIS IPO. AND PLEASE DONT BLAME ME, IF THIS IPO LIST GOOD BECAUSE SOME TIMES ASTER LIST AT A PREMIUM BUT PIPAVAV SHIPYARD LIST AT A DISCOUNT.
REMEMBER:-
"ITS BETTER TO AVOID A GOOD IPO THEN TO APPLY IN A BAD IPO" BECAUSE WE ARE HERE TO GET RESONABLY SAFE RETURNS IF WE WANT TO TAKE RISK THEN SECONDARY MARKET IS BETTER PLACE.