Dear gem,It does come to 163@4.28 crore sale which will be a steal.But I think Zee is right becos in earlier post I had mentioned Bessemer bought 2.4 % stake in Nov 2009 @ 242.So definitely it should be 242-258 even @ which valuations are good.If economic times is correct then It will be a bonanza but I am for ZEE.
MUMBAI: India's IL&FS Transportation Networks Ltd plans to raise up to 7 billion rupees ($154 million) through an initial public offering of 4.28 million shares, the company said in a statement on Monday.
Of the total funds raised, 5.3 billion rupees would go into repayment of debt and the rest for new projects, Managing Director K. Ramchand told reporters. The company provides transportation infrastructure.
hope the IPOs come in order one by one.Few very good ones like PNC Infratech,Persistent systems should follow one after another & then next that power IPO,Sutlej will come.This way our refunds will come so that our funds will be utilised to maximum.
it will be the best road sector boot project co.fairly priced at 250 levels.if u can get this stock at 150 levels in bear markets u can buy.
i see huge value in this ilfs promoted co.ilfs is promoted by cbi,sbi,abu dhabi fund,hdfc bank etc.hence hold ur allotment and buy on substantial dips.
my targets for thsi 3800 cr market cap co could be in excess of 15000. hence i see 1000 rupee here easily.hold and buy on dips stock.
Check the management of DQE . http://economictimes.indiatimes.com/videoshow/5657476.cms.450 crore order book to be executed in 2 years. Even othe famous site also showing the same.greymarket.in GMP is very accurate.So this GMP of 42 is interesting.I am waiting for the response of FIIs & HNIs.Once it is confirmed.I will put some bids.
47. Dear Gem IPO Finder, please confirm that the price band is by any reliable source or a guess. please dont take it other wise, just for the sake of confirmation.
Dear TC & Akshat,Our earnest request to both of you is stop feuding about Thangamma & let her go.Lets start afresh if you so desire to fight & tell us your opinion about the new issues which are going to open .Now entire board will decide who is right & wrong depending on your recos for forthcoming Issues.Based on posts of both TC & Akshat what I have observed is TC goes for the fundamentals of the company & bases his opinion likewise while Akshat predicts how the operators are going to manipulate the issue.
valuations looks very expensive, they have bought a co. in spain by pumping in 70Crs as equity & 200 as debt repayment, the said co's valuation is calculated @500 Crs plus, for which I have my own doubts....
ILFS main is a good co. and always tries to make money for themselves, i mean the main, so u can understand what is there on table for the investors in ITNL....
Lots of other options in mkt to get better returns & promising cos...heard that GMP is around 40/42 last evening...expecting price band around 250...