IL&FS Transportation Networks Ltd IPO Message Board (Page 43)

dear vipin,

split ur money between DQ & ILFS
both will give 40% & 30% return resp.

From initial trends more than 10 times for DQE is easily confirmed.

.

UNITED BANK OF INDIA

ALLOTMENT OUT

152 SHARES ALLOTED TO 100 K APPLICANTS

.

IL&FS Transportaion Networks Limited IPO BRLM: Enam Securities/Nomura Financial/JM Financial/Avendus Capital/SBI Capital Markets Issue Period: Mrach-11 to March-15, 2010 Price Band: Rs.242 - Rs.258 Lot Size: 25 Equity Shares into multiples of 25 Equity Shares Registrar: Link Intime India Private Limited Issue Size : Rs.700 Crores ( Including an Offer for sale of 42,78,844 Equity shares by TRINITY Capital Two Limited) Net offer to Public at Rs.242/-: 2,89,25,620 Equity Shares QIB Book: 1,73,55,372 shares (60% of Net issue size) HNI Book: 28,92,562 shares (10% of Net issue size) Retail Book: 86,77,686 shares (30% of Net issue size) Net offer to Public at Rs.258/-: 2,89,25,620 Equity Shares QIB Book: 1,62,79,070 Shares (60% of Net issue size) HNI Book: 27,13,178 Shares (10% of Net issue size) Retail Book: 81,39,535 Shares (30% of Net issue size)

Ris*it,I also want to sell@36.Whom to contact & how to go about it.Please tell me.

hi ,,,,,friendssssssssssssssss

NTPC (FPO)
rs.201

primium --

Texmo Pipes
rs. 90
primium 20 to 21


Man Infraconst.
rs. 252
primium 84 to 86
--

REC (FPO)
rs203


United Bank of India
rs.60 to 66
primium 9.25 to 9.50
-

DQ Entertainment (Inter.)
rs. 75 to 80
primium.38 to 40
kostak 1800 to 2000

NMDC (FPO)
rs. 300 to 350
primium 70 to 75
kostak 1900 to 1950

Pradip Overseas
rs.100 to 110
primium.12 to 14
kostak. 1900 to 2000

IL&FS Transportation
rs.242 to 258
primium.31 to 32
kostak.2000 to 2100

ENJOY MY FRIENDSSSSSSSSSSSSSS

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEE

is this ipo good to invest in... wats the gmp of this ipo...

dq will list at 120

Guj NRE      P/E 38.6 As on March 09, 2010
Guj MD      P/E 20.3
Neyveli      P/E 33.1
SesaGoa      P/E 18.1

Total 110.1
Average 27.51 P/E

EPS NMDC(9Months) Rs. 6.07
EPS NMDC(Annual) Rs. 8.09

Price of NDMC shall be 8.07 x 27.51 = Rs. 223
EPS x P/E

Very expensive at Rs. 300

Malik SK

            

HINDALCO BECHO JITNA BECH SAKTE HO, YE BAHOOT JALDI 135 DIKAHI DEGA.
PUT LE LO ISKI 160 SP
ACHCHA PROFIT HOGA.

current GMP of DQ is around 45 rs . No sellers only buyers so go and subscribe

We have to take our decision on valuation front taking into consideration FY11 expected earnings now that FY10 is almost over.Based on that DQE is available@15 PE.Its topline & bottomline is growing@35 & 50 CAGR resp.Hence I think DQE Valuations are very reasonable.Regarding ILFS Its order book is 103 billion rupees while FY09 sales were only 13 billion.So based on that Order book is 8 times FYO9 sales.We do not know about FY10 sales & FY11 sales which may be very good.Based on FY11 sales we should base our valuations & on that parameter PE may be less than 15.Once we get the financials of ILFS for FY10 we can correctly predict the value.Anyways the fact that the order book is huge compared to FY09 makes future prospects of ILFS bright.As of now I have decided to go for DQE & ILFS.What about you dear friends.Please give your opinion.

What will be the apt price for NMDC, ILFS and DQ?

And which when is must apply?

Thanks in advance.

IL&FS Transportation to Sell Shares at 242-258 Rupees in IPO
March 08, 2010, 6:37 AM EST
8 (Bloomberg) -- IL&FS Transportation Networks Ltd., an Indian developer of road projects, plans to sell shares at 242 rupees to 258 rupees each in an initial public offer starting March 11, Managing Director K. Ramchand said.

The Mumbai-based company will determine the number of new shares to be sold in the IPO depending on demand, Ramchand said. Trikona Trinity Capital Plc, a U.K.-based fund, will sell 4.28 million shares in the offer. IL&FS expects to raise 7 billion rupees ($154 million) from the sale, including stock being sold by Trikona. The offer closes on March 15.

The company will use the proceeds to repay half of its 10 billion rupees of debt, Ramchand said. The company has about 103 billion rupees of orders for road and railway projects, he said.

India will boost spending on infrastructure such as roads and power plants by 24 percent to 2.67 trillion rupees in the fiscal year starting April 1, according to last month’s budget report. The government also plans to build 20 kilometers of new national highways per day.

In September, the IL&FS Employee Welfare Trust sold 4.13 million shares, or 2.4 percent in IL&FS Transportation Networks, to venture capital fund Bessemer India Capital Holdings II Ltd. at 242 rupees a share. The deal valued IL&FS Transportation at 42 billion rupees, Ramchand said at the time.

ARSS Infrastructure Projects Ltd., a builder of roads and bridges, got demand for 47.6 times the shares offered in its initial sale last month. The shares surged 64 percent on their trading debut.

Enam Securities Pvt., Nomura Financial Advisory & Securities (India) Pvt., HSBC Investdirect Securities (India) Ltd., JM Financial Consultants Pvt., Avendus Capital Pvt. and SBI Capital Markets Ltd. are managing the sale.

--Editors: Abhay Singh

raveee,

correct post

u should be rest assured about very very high valn where enam is there

its eps for fy '09 will not be more than rs. 1.5

fy '09 sales = 1332 crore
pat = 28 crores
capt posi ipo = 19.5 crore shares
pe @ 258 = 172 times oohhh sabka baap hai sala
nw = 1566 crores
bv = 80/sh

but still a good issue to apply

Can anybody tell me the eps of the issue?
Enam seems to have done it again. I have a gut feeling that
this issue has been given at a huge pe of 50 times.
Do these companies involved in constructing roads need to be valued in a different way?
Can any of Gem Ipo Finder,Sridhar or Ravi Banglore reply back

Indeed it’s the smaller investors who, typically, are known to try to get a cue from what institutions are doing, who may be in a bit of a spot. Since large institutions are in a better position to judge the quality of the paper being sold and, therefore, the price at which it should be bought, they facilitate better price discovery. If QIBs stay away till the very end, smaller investors won’t really be able to gauge their interest. Also, the book on subscriptions is now displayed on exchange websites and so investors are able to keep track of the responses from the various categories which are updated every hour. But that may change. Sebi has apparently asked the exchanges to stop making the subscription numbers public while an issue is open and has suggested that information be put up only after the issue closes. That means retail investors will have no way of knowing how much institutions have bid for. Of course retail investors usually invest at the cut-off price or the discovered price or in the case of an alternative book-building, at the floor price. So to that extent they don’t seem to be too sensitive to the price. But they are nevertheless sensitive to how much QIBs are buying because that would determine the success of the issue. Perhaps Sebi could close the institutional book a little earlier and disclose the subscriptions so that retail investors can at least take a look. As it is, in the recent past, small investors have been wary of buying into public issues; the follow-on offers of state-owned NTPC and REC saw the retail quota attract very poor participation as have some of the IPOs.

shobhana.subramanian@expressindia.com

As per business standard 300-350 is the likely price band.Very disappointing if it is true.Hope the retail investors will dump the issue With 0 percent subscription.I sincerely hope & pray NMDC will crash post listing to 200 so that those who apply above 300 will face great loss.

Dear gem,I will make 3 full applications.Seeing the final subscription details.I will decide whether to go forward or stop cheque.242 is very fair price for ILFS.Recently they have won several projects.It will be a great issue.Further as they are using it to retire debt the NPM will only improve .Iam going for max applications in ILFS.As issue size is decent retail subscription will not be that much.I expect only 5-6 times.Any how some ammunition need to be spared for further IPOs.Iam expecting Persistent systems & PNC Infratech immediately after these IPOs.They are very good companies.So lets see.Chalo abi apna plan bathao.
BTW In economic times it is mentioned as an offer for sale of 42.78 lakh shares by Trinity Capital & not 4.28 crores.So 242-258 price ban can be confirmed.

THIS NEEDS PROTEST.
HOW WILL YOU SUBSCRIBE WITH YOUR EYES CLOSED
ALL RETAIL INVESTORS MUST PROTEST.
OTHERWISE YOU CAN GET STUCK WITH LARGE NUMBER OF SHARES OF A DUD ISSUE AND NOT GET ANY IN A GOOD ISSUE
HOW AN ISSUE IS RECEIVED IS AN INDICATION OF WHAT HAPPENS LATER.HOW CAN SEBI COME UP WITH SUCH CRAZY IDEAS TO KILL THE MARKET???

PLEASE CHECK LIVEMINTDOTCOM AND CLICK ON MONEYMATERS FOR FULL STORY

THIS IS AN EXTRACT FROM TODAY'S MINT NEWSPAPER.
EXTREMELY FEARSOME IF SEBI BRINGS THIS INTO FORCE.

MATTER NEEDS SERIOUS VIEWING.
PLEASE UNITE AND RAISE YOUR VOICE



No subscription figures till close of public issues.

Capital market regulator Securities and Exchange Board of India (Sebi) is cracking down on the practice of reporting oversubscription in public issues. In a bid to discourage inflation of demand, Sebi has asked the exchanges to stop making the subscription number public while an issue is open, according to two officials familiar with the development.

At present, the category-wise bidding details for a public issue are updated hourly on exchange websites while it is open. For forthcoming issues, the information will be available only after the issue closes.

“Sebi is worried about multiple subscriptions and misrepresentation of demand,” said S. Vishvanathan, managing director and CEO, SBI Capital Markets Ltd. A Sebi spokesperson declined to comment.

The move comes amid steps announced on Saturday by Sebi. This includes institutional investors having to pay their entire subscription as an upfront margin. All public share sales—initial, follow-on and rights issues—that hit the market after 1 May will be subject to the new rules.

The move is aimed at curbing inflated demand in public issues and providing a level playing field to all investors, Sebi said in a statement. Qualified institutional investors (QIBs) are required to deposit only 10% of their subscription. Sebi chairman C.B. Bhave said the steps were in line with the aim to cut the listing timeline to seven days from the current 21.

Experts believe the moves will bring some rationality in the pricing of public issues.

“The days of aggressive pricing will be over,” said U.R. Bhat, managing director, Dalton Strategic Partnership Llp. “Now, only genuine investors will come in for bidding and most of the bids are likely to take place at the lower end of the price band, which is good.”

Bhat said the moves may not affect subscription levels significantly. “Issues floated in the past one year have already been witnessing lower subscriptions, both in QIB and the retail portions, compared to those during the bull run of 2007,” he added.