Inox Wind Limited IPO Message Board (Page 17)

guyz at 5.00 pm issue is subscribed to 0.59 percent

Dear it is 59%

guyz its not a expensive share as compare to suzlon.. suzlon has face value of 2 and inox has face value of 10.. at this price if we assume face value of 2 for inox.. its price come to 60 - 65 rs... and this group is a cash cow group... gujrat flouro aloone sitting on cash of 3000 crore.. whose market valuation is 7800 crore.. and after unlocking inox value.. gujrat flouoro has cash of nearly 7000 crore...


on other side suzlon is debt ridden... inox wind currentorder book is even more than suzlon in fy 2015...

FV is the tool for valuation??

I know Suzlon was in a mess due to financial structure but considering the FV for evaluating performance. By your own calculation Suzlon is now around 30 and Inox around 60-65 (If FV is made 2) makes Inox expensive though I feel Inox Wind is a much better company. Only issue is that promoters left very little for the investors in the immediate term.

yes it is double at 60 rs.. but it is due to its premium.. no debt, cash cow.. investor friendly.. bro.. and u definately c, it will reward on listing day and for long term prospects

Till 4pm inox ipo subscirbe 0.41 percent... and grey market premeium is 1600-1800

what is current GMP for INOX

INOX Wind

Rs. 315 to Rs. 325

74 to 75

1600 to 1800

agar market gir gaya to inox bhi listing me kuch kama kar nahi dega.

hi

The bid pictures look good. Likely to have 40-50% bids today alone and most QIB & NII bids will come tomorrow and Inox Wind will sail through though may not give a lot of listing gains but unlikely to make loss and hence it makes sense to subscribe and take some risk.

Promoter apna 2 Rs wala share 325 me sale kar raha hai. so i will wait if issue oversubscribe min 10 times then i will apply

only 25% subscribe till 1 pm...any news of price reducing to 260-280 lable ???

star ipo u r really star....of this board

meeting is going on for reducing price band specially for u

Background:

Inox Winds Limited is incorporated in the year 2009. Company is promoted by Gujarat Flourochemical Limited. Company is into end to end solutions for the manufacturing, installation and erection of Wind Turbine Generators (WTG)

Financials:
Particulars      FY 13      FY 14      9MFY15      FY 15*      FY 16*      FY 17*
Revenues      1063      1576      1795      2500      3500      4500
PAT       150      131      179      238      298      383
PAT %       14.1%      8.3%      10.0%      9.5%      8.5%      8.5%
EPS       9.91      6.55      8.95      10.65      13.34      17.15
(*figures projected for FY 15, FY 16 and FY 17 is by the advisor)

Concerns:
•      Imbalance in manufacturing capacity. While the company’s current capacity of nacelles and hubs is 550 units per annum, manufacturing capacity of rotor blade sets is 256 per annum and manufacturing capacity of towers is 150 units per annum.
•      Despite few players in the market, the competition is tough which could affect the margins going forward.
•      Though the inventory holding period is decent (below 30 days) Debtors holding period is under stress (rising from 150 days to 197 days for the period ending Dec-2015) and needs to improve further.
•      Company also has negative cash flows from operating activities.
•      Shady end of the issue proceeds. Rs. 130 crore (nearly 17% of total issue) would go as unsecured loan to subsidiary which may not give immediate returns. Rs. 290 crore would be used towards working capital, which needs proper justification and only Rs. 150 crore would be used towards the expansion.

Positives:

•      Good Promoters group
•      Inox has the third largest WTG manufacturing capacity in India after Suzlon and Gamesa.
•      Strong order book of 1258 MW which is 3x times of FY 14 supply, giving the revenue and growth visibility for the near future
•      Proceeds would help to double the current capacity to 300 units per annum.
•      Re-introduction of accelerated depreciation and Generation Based incentive (GBI) by GoI.

Outlook:

The issue is priced at Rs. 315-325 giving a projected PE for FY 15, FY 16 and FY 17 is at 31x, 24x and 19x times respectively. Though on the listed peers side Suzlon can’t be compared due to losses, Suzlon has a market cap of ~10700 crore on a turnover of Rs. 3200 crore while Inox is looking for listing market cap ~Rs. 7200 crore (at Rs. 325 per share) on a turnover of Rs. 2300 crore. On a whole on pricing terms, Inox should get a pricing premium over Suzlon due to better financials and decent order book.

However, overall industry is subdued and doesn’t demand a PE multiple of 19x times. The best in the industry such as NTPC and Power Grid are trading at a PE multiple of 12x and 16x respectively.

There are better options available in the same sector for people having long term view.

LET ME KNOW THE CURRENT STATUS OF INOX WIND LTD.IPO GIVE THE DATA OF SUBSCRIPTION IN ALL SEGMENTS. THANKS. WHAT''S CURRENT GREY MARKET PREMIUM.

Supreme (India) Impex Ltd IPO
yesterday 18/4/ close this attractive
NSE SME IPO
NAV OF 108 RS.
PROFIT OF 350 CR + AND
OPERATION PROFITS OF 7 CR
I THINK IT WIL HAVE BUMPER
LISTING AND FAIR VLUE COMES AT
RS 140 +
ITS P/E IS 5 .Deserve atleast 10+
even then its cheap stock

GREY ME KAAM KARNA CHAHTA HU

inox ipo gray market priemum buy 100-105 tak jayega. this is the best stock. enjoy....

aviod this ipo at any cost wind turbine do not find any liking from fII and also this stock is very expensive.

even ADlabs was better ipo as theme park found interest with Foreign investors sooner or later.

instaed buy good stocks from secondary market

Buy the following stocks and hold for long term

1)NBCC

2) POWERGRID

3)INDRAPRASTHA MEDICAL

3)POWER FINANCE CORPORATION

4)RURAL ELECTRIFICATION

5)IL&FS INVESTMART

Dear Ms Pinky Jain
Respect your opinion about the issue
But it would be much better that you waste your time and energy for all the analysis you made and put it to practice on the listing day of inox.
See if you make money by shorting on that day.
DONT GIVE IRRELEVANT COMNENTS
IT HAS NO VALUE

Sir first of all I always read your post these good valuable for us I really like your thoughts even your mind surpassing lost in monte well done...I will short other stock in secondary market like kotak rather than inox..as far as my energy is concered I m a housewife sitting home utilising energy theough IIN rajasthan ... I m nt allowed to work out. So cant help will utilise in thia manner . Sorry of inconvenience caused to you

I don''t know who are the fool retailers applying in this ipo even some are writing the kostak and premium which are not radical on ground. So retailers money will be lost all kostak premium will be vanished by tomorrow and retailers will sit back holding 45 shares and making loss of 2000 Rs. So avoid money sit on cash and buy inox at 270 280 soon on listing day . This issue is highly priced no Qib and nii are interested at these valuation they think it''s aggressively priced so be aware ... Discount 15 is lollipop . It will list at discount. Some people were taught by monte rest by adlabs and inox .... Hope you will make your mind by avoiding and teaching merchant banker a lesson. Thanks I know still many would write premium and kostak and even many will critise me .... But Jo sahi h wo sahi h ....kal Parso koi premium nahi rahega Phir allotment k bad discount and retailers will think of kostak at 2000 and sit back harsh with a loss of 2000. Regards pinky Jain

I want to buy 45 units of ipo how much money will be needed

Subscribed Only 0.09 times today as per nse which is even worse then adlabs.