As said & expected yesterday DQE has broken all records.I had long along mentioned it will have tremendous appetite from FII & that has been the case.FII & HNI combined subscribtion is more than 135 times.The breakup is not yet shown in NSE.If HNIs subscribe around 200 times then their breakeven will be around 70-80 per share.Even at 160 it will quote@30 PE FY11 Estimate.That is not expensive if growth of DQE which is 50 % CAGR in bottom line IS considered.Unfortunate that it exceeded by 2 times the retail subscription otherwise It would have been great IPO for retail.Anyhow I expected to gain 3.5 K per full application but even if half of our aplications get allotment we will earn the same.Now that most people will spend their amount in NMDC & DQE, ILFS subscription will be less & we will get very good allotment for ILFS.I think it will not be more than 6-7 times in ILFS.Lets see.
Subscription Position at 4 P.M.: Total Issue Size 13217151 Total Bids Received 1113511040 Total Bids Received at Cut-off Price 57720000 No. of times issue is subscribed 84.25 Retail at Cut OFF - 12.23 times
As per Analysis of Dalal Street - Post-IPO, IL&FS Transportation Networks Limited will quote at a P/E between 20.1 and 21.5 which is comparable to IRB Infra and Noida Toll Bridge. However, extensive and advanced execution capabilities providing end to end solutions along with strong parentage commands a premium over other listed companies for sure
We would recommend investors to subscribe and HOLD for Long Term to reap better returns. Listing Gains is not ruled out.
As per Dalal Street.Biz analsis - You should also note that, in March 2008, the company did a Preferential Issue at Rs 133 / share. Considering the Equity then – 16.2 cr shares and PAT of Rs 93 cr, the Preferential Issue was done at a P/E of 23 comparable to current offering.
This speaks of Strong Management Practices. Had Mr. Deepak Parekh, been on the iL&FS board, we would have recommended a BLIND SUBSCRIBE
can one not make small bids like minimum share lot at heighest price.With oversubscription what should be the calculation criterion for bidding of any ipo.
was checking the syndicate site, as well as hdfc bank site, however they dont seem to have anything w.r.t to asba registration. anyhow will check with syndicate bank , mulund branch. thanks for your help.
MAN INFRA Hi Lata Venkatesh, I have already Reliance Money trading account.since i wish to open another demat account for ipo allotment, which online trading portal do you suggest for fast trade. Do you think opening CDSL will get allotment of shares than NSDL? pl reply Sriram
THERE IS NO NEED THAT YOUR MULUND BRANCH IS OFFERING ASBA FACILITY OR NOT. JUST SEE THAT IT IS UNDER CORE BANKING. I AM SURE THAT MULUND BRANCH IS UNDER CORE BANKING.THAN YOU HAVE TO OPTAIN PASSOWORD FOR YOUR ACCOUNT AND YOU CAN APPLY THROUGHT ASBA ANY IPO.
ALMOST ALL THE BANKS ARE OFFERING ASBA FACILIY THROUGH INTERNET BANKING