IL&FS Transportation Networks Ltd IPO Message Board (Page 37)

I was thinking from day one to give this issue a miss. But after seeing the price of the NMDC scrip today at 355 to 360, I decided to take the plunge and applied for 10 lots. My calculation is that If I get allotment at Rs. 285 or even 300 (Which I am sure to get) I can make at least 40 rupees / share on listing. Let us see the result of this last minute adventure....

Dear gem ipo finder,
Due to some urgent work , I could not sell sell Man infra yesterday. Do you see it touching 360-370 range in near future?
Since it has come down 330 level today
-Santosh

Thanks Ali bhai,See as I had expected Persistent is coming immediately after the close of ILFS.It will be a bumper issue once again.But by that time no one will have funds as most of them will be exhausted in DQE,Pradeep,NMDC & ILFS.So now need to conserve my funds.I have applied heavily in DQE,Will do so in ILFS & Preserve some capital for Persistent which I had been waiting for so long.

Sahranpuri,NMDC subscription rate is in decimal points.From morning onwards subscription is still .66 times in NSE.One thing is sure,FII response is very very important.If FIIs can subscribe the issue at least one time,it will be OK.If there is no FII demand then rest assured stock will tank heavily after listing bcos whatever the issue is subscribed,It is solely due to LIC .So do check FII Subscription.REC in last minutes had good subscription. I will go for ILFS,Persistent.I will leave Pradip bcos it is going to oversubscribe heavily & I donot want to get stuck with lottery applications.

.

N E W - I P O

PRESISTENT

17 TO 19 MARCH

PRICE BAND

Rs.290 To Rs. 310

SIZE

168 CARORE

.

sreedhar

i will decide about nmdc only in the evening after seeing fii response.

however it seems there are better options like ilfs,paersistent system,infrasoft n pradeep overseas available specially formlisting gains.

whats your take on these ipos?

this is issue look not so good, but promter having good exprince this bussines, and price is very high,
i dont think so thisa will get responds from retailer, but chance to get high retrun,

Dear YAMBARODA,1)Employee quota unsubscribed portion will be distributed evenly among 3 categories.
2)Price bids will not be rejected.Most of them will be @80.
3)GMP of ILFS is less as retail subscription is expected to be less.
4)NMDC price will be discovered most probably at 300 as LIC bid at that rate only.FIIs will also most probably bid at 300.

can anyone give clear picture of nmdc? whether one should apply doe listing gain or not

sir sreedherbhai & gem ipo finder

UBI ka refund D Q ENTER me kam aa sakta hai?

please reply sir.
PRINCE

GMP IN AHMEDABAD. NMDC 20/25. PRADEEP 14/16. ILFST 32/33..DEAR GEM N SHREEDHAR . ALL ARE APPRECIATING ILFST BUT PREMIUM IS WHY LESS EVEN AFTER THE LISTING OF ARSS MAN N TEXMO.

good thinking chandra p singh

Saurav setia,Pradeep overseas HNI aur retail me achi subscription hogi.Allotment chances will again reduce.Abhi operators texmo ki tarah operate karange.Loss ki koi gunjaish nahi.Fundamentally no great shakes, run of the mill textile company .You will definitely get gains as it is chota issues & looks like it will also subscribe heavily.

HDFC securities haas evaluated the IPO/FPOs as ILFS(ITNL) 50/100; Pradip as 40/100; and NMDC as 45/100. So the expert has also spoken, but it our call, am undecided where to park?. One can try the IPO link at hdfcsec.com. 189 Mr IyengR'S COMMENTS PERTIAN TO NDMC I presume, Request clarify and is very insightful, so is the case of Mr Sreedhar. Thanx for your valuable contribution.

Hi RJ,

Very valid point AND RIGHTLY SAID.
At least some people are thinking and not blindly following so called experts.

The best course of action is to soak in everything and take your own decision.

Some will be correct some time but all will not be correct all the time.

Going by the subscription figures, it will be priced at Rs 300 only as most bids from QIBs are at that price.

Retail will get shares at RS 285.After 5% discount
You will get as much as you apply.
Firm allotment and guaranteed too.

You wont lose money.
Even if you get Rs 10 or 15 sell and run.

If you apply with Rs 98000,with cutoff, you will surely get 280 shares

If it lists at Rs 300 which is the barest minimum, you take home 4900 rupees.
Better than waiting for a lottery in issues like ARSS,DQE.

FORTUNE FAVORS THE BRAVE.GO FOR IT

BPTP plans Rs 1,500 cr IPO in early FY11
Mar-11-2010

BPTP Ltd. is eyeing to raise around Rs. 1,500 crore through an Initial Public Offering (IPO) in early next financial year.

Mr. Kabul Chawla, Managing Director of BPTP said the company has applied for the approval from Securities and Exchange Board of India (SEBI) for its IPO.

Currently, the company has a networth of Rs. 1,600 crore and is likely to register a topline of R. 1,000 crore and Profit After Tax (PAT) of Rs. 200 crore in the current financial year.

Mr. Chawla said the proceeds from the issue would be utilised to pre-pay Rs. 325 crore of its debt while Rs. 500 crore has been set aside for government use.

Currently, the company has a combined debt of Rs. 900 crore.

Mr. Chawla also said that in 2011, Rs. 150 crore will come up for repayment and in 2012, Rs. 600 crore. He said the company is not stressed in terms of debt and planned to pre-pay Rs. 325 crore out of the issue proceeds.

JP Morgan and SSKI are the Book-Running Lead Managers (BRLMs) for this issue.

The company which is mainly into mid-housing development business also has 4 SEZ projects but is presently going slow on them.

He said seeing the current market conditions, the company has postponed the activity on its SEZs project so as not to over-leverage its balance-sheet.

He also said that the company has the option of converting its 4 IT SEZs at - Noida, Greater Noida, Gurgaon and Faridabad for residential purposes.

On its focus on the National Capital Region (NCR) market he said that there is a great potential here and the company intends to focus on this region.

The company has 1 project in Hyderabad spread over 10 acres, which it plans to take up at an appropriate time.

BPTP has a land in reserve of around 1,860 acres. It also has 37 mn sq ft of ongoing projects and has already sold 31 mn sq ft worth Rs. 5,500 crore so far. Its receivables stand at Rs. 2,500 crore.

JP Morgan and Citi currently hold 12 % stake in the company while Merrill Lynch has 49 % stake in one of its Special Purpose Vehicle - Vital.

At present, Citi Properties holds 50 % stake in its Faridabad SEZ SPV, 17 % in its Noida SEZ SPV and 43 % in its Greater Noida SEZ SPV.

BPTP Ltd. is a real estate development company and is undertaking a wide-range of projects including - integrated townships, residential & commercial complexes, retail spaces, IT parks and SEZs.

Persistent Systems mulls Rs 200 crore IPO
Mar-04-2010

Software product development company Persistent Systems stated that it plans to raise up to Rs 200 crore through an initial public offering (IPO).

Persistent Systems MD and CEO Anand Deshpande stated that they plan to raise around Rs 150-200 crore through an IPO.

They have already filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India and are awaiting its response.

It proposes to enter the capital market in the next few weeks.

Part of the IPO proceeds will be used for construction of two new development centres at Pune and Nagpur.

The company will use a part of the IPO proceeds for construction of two new development centres, one in Hinjewadi, Pune, and the other in Nagpur.

It will have a capacity to seat 3,000 and 1,200 employees, respectively, at a cost of Rs 80 crore.

Persistent Systems' offshore development centres are located in Pune, Nagpur, Goa and Hyderabad.

Meanwhile, Enam Securities and J P Morgan India are the book running lead managers to the issue.

Dear Sahranpuri,Are you going for NMDC ?

ITNL currently has eight operational projects aggregating 4086 lane km making it a bigger player than IRB infrastructure (3404 lane km operational). Additionally, ITNL is looking to develop projects aggregating 5316 lane km over the next two or three years, which is again higher than IRB (1646 lane km). ITNL, being the largest BOT road project operator, is likely to be a key beneficiary of the huge opportunities in the road vertical.

Till FY 2008, the primary segments from which the company derived its revenues was operation and maintenance of roads, construction contracts and collection of tolls. The revenues from these segments were 63.2%, 13.3% and 13.1% respectively.

The company is the promoter of Noida Toll Bridge (25.35% stake) together with IL&FS (1.02% stake).


After acquiring Elsamex, although the turnover jumped more than 3.5 times - from Rs.296.59 crores in FY 2007-08 to Rs.1058.72 crores in FY 2008-09, the Net Profit FELL to less than one third - from Rs.93.25 crores to Rs.27.88 crores. As a result, the Net Profit Margin (NPM) fell very sharply - from 31.44% in FY 2007-08 to 2.6% in FY 2009. The EPS fell from Rs.5.62 for FY 2007-08 to to Rs. 1.62 in FY 2008-09.

The company nimbly changed track to increase contribution from construction contract (where margins are higher) from 13.3% to 42.9% and reduce revenue from operation and maintenance to 39.8% from 63.2% before. As a result, on revenue Rs 958.34 crore for the half-year ended September 2009, the net profit was Rs 118.23 crore giving an NPM of 12.33%.

equity post ipo comes to Rs.196.05 crores. If Net profit is annualised to Rs.250 crores, the full year EPS on expanded equity willbe Rs. 14.

price band of Rs.242- Rs.258 is at a PE band of 18 to 21.3. IRB Infra, with which the company has chosen to compare itself, will have an eps of rs.10 and quotes at a PE of 26 at present price of Rs.258

so at 26-27 times pe ilfs will trade @ 375-400