IL&FS Transportation Networks Ltd IPO Message Board (Page 45)

buy db corp,unionbank,synacom apply DQ

buy db corp,unionbank,synacom apply DQ

dear sreedhar,

Thank you very much for your clarification & guidance for
HNI cost, which will be helpful in future for ipo premium.

Jeet Shah

enam has really spoiled its reputation thanks to exorbitantly priced ipos like nhpc,pipavav shipyard,vascon,indiabulls power,db realty n so many others.yes lets hope somebody from enam reads the comments on india no 1 ipo portal n conveys to enam management vallabh bhansali to be less greedy .they shud convince ilfs management also to be less greedy.

one has to be very very selective in ipo.for every cox n kings u have a vascon n db realty.

Enam nhpcwala, vasconwala,dbrealtywala,wrong tha kintu ab khoob kamai dega il&fs mein. don't worry

Dear Jeet Shah,I have already explained about cost of HNIs twice,once exclusively on your demand but now times have changed.We have ASBA & also refunds are coming fast.So cost to HNI is coming down.Major point is they take funding at Interest of 12-14% & if issue is subscribed heavily the shares alloted to them are less & hence taking into consideration their interest expenses & fact that they are issued very less amount of shares when the issue is subscribed heavily ,they require the IPO to list at very big premium to recover their costs.Consider example of Man Infra.It was subscribed 100 times approx.So if he had invested for say 10000 worth of shares,he will get only 10000/100=100 rs worth of shares.Now he takes the interest@12 percent per annum.He will pay margin of 1000 rs & get funding of 9000 rs.Total is 10000.Interest cost@12 percent per annum for 9000 rs for 15 days(average expected time of refund)is 45 rs.He was alloted 100 Rs of shares for application of 10000 Rs of shares & now his interest expenses are 45 rs.So for him to breakeven he should hope Man infra will list at least 45 percent premium or 113 rs for 252 Rs issue of Man Infra.So total breakeven price is 365.Now refund is given fast this time & take 3 percent for ASBA interest.His costs have come down further.Taking these two things into consideration his breakeven will be less.Hope this makes it clear.

Prince,GMP of DQE is not 40.Look for subscription from FIIs & HNIs for DQE.If it is heavily subscribed in those categories you can apply for good gains.Jubilant at thetime of Issue was also considered cosly & was subscribed only 3.5 times in retail but was heavily subscribed in FIIs & HNI Category.Only when the results came out before listing valuations looked reasonable.I applied for Jubilant only by seeing the response of FIIs & HNIs.Second point about DQE is it is recommended by business line.You can be rest assured about fundamental value of DQE once it gets reco from business line.Business line gives reco to private co. rarely & It has given buy rating only to CoxnKings,ARSS,Man Infra ,MBL Infra & DB corp in recent times & see how they have fared.As Mr.Natarajan correctly said Enam are notorious for excessive pricing of issues.So we need to wait for the issue price.As such ILFS is an excellent company.Only we need to check whether it is fully priced in or they have left anything for investors.Pradeep overseas I am avoiding.Flood of IPOs will hit the market if the market stays at this level.Hence depending on valuations we can apply.

Investors should not forget that NHPC and Indiabulls power were overpriced and became failures only because of the lead managers of those issues Enam Securities, who are also the lead managers of this issue. So don't jump into conclusions before pricing of the issue. Unless something is left on the table for investors we need not get caught in the trap.

@ UNCLE JI

Beta aise nahin bolte...

AVOID DEQ IPO

sreedhar,
what would be a reasonable price, P/E for ILFS TR, there is lot of variance between other similar cos. i plan to avoid NMDC(unless priced at 160-180), Pradeep Ov and DQ.E.

Bessemer, through its unit Bessemer India Capital Holdings II Ltd, has picked up a 2.41% stake, valuing ITNL at nearly Rs 4,150 crore @242 share in Nov.2009.

dear sreedhar,
thank you very much for your precious comments &
advices which are very helpfull to other investors like me.I would like to request you again to let me understand
the cost of hni how you arrived at.hope,this time you will not depress me. may i expect some words from you in this regard ? if needed, i will give you my e-mail add. also.

gnp,It will definitely issue @300 which is also astronomical price.Hope it will get nil subscription from retail subscribers.

Enam securities, the lead manager, will see to it that the pricing of this issue will be aggressive. The market condition and the overall IPO mood, which are buoyant right now, will also help it. As such I doubt whether anything will be left on the table for retail investors.

70 % Project running on Gujarat State.Good Company...Niche Business also..infra but somewhere around different from others.Can go 4 it.No Prob.

Thanks Aunty Ji Please dont call me Sir,I am still a bachha.Dear Sahranpuri ,If you are thinking of using SBI ASBA option please contact the nodal officer Ms VIDYA KRISHNAN,AGM,Capital market branch,Mumbai @022-22662133
,Mobile-9821078386.Email-sbi.11777@sbi.co.in .You will get reply to all your queries.As for Man Infra it may reach 380.

Please provide the link of RHP of IL & FS

Sreedhar sir,
i have been following your comments and must say they are very prudent ....always.Great advice to all investers.
thanx

Dear Sahranpuri,I think we should go for ILFS & Persistent systems which should be following soon.Depending on the appetite of FIIs for DQE.We can consider it.As I had given in my earlier posts DQE,ILFS have entered the fray.In the list of fortcoming IPOs several good companies are coming soon with the likes of PNC infratech,Lodha developers,PCI,Ganesh Jewellary etc.NMDC I am not at all hopeful.How can you give a PE OF 25-30 for a commodity play?