Jindal Cotex Limited IPO Message Board (Page 7)

Guys You can see the allotment status now. Link is up

mis dot karvycomputershare dot com/ipo/

replace dot with .
Chands

To ALL,
Those who want to apply for JIndal Cotex, it is your money time...dont waste it.
As posted by somebody.....100 vaishak(Tulsyians view)., these peoples want to manipute share prices, those who make and get out of the stock, if you are lucky. otherwise one mopre addition into JUNK stocks list.

Application No. 82710332
Name JAI PAL SHARMA
Shares Applied 1050
Shares Alloted 285
Congratulations!

You have been alloted 285 shares against your application

Sell Mhlaxmi tgt 73-74 (514450)

Please tell me allotment on Nhpc Appl.No. : 23642855

View by Tulsian
---------------------
Aug 26, 2009 11:38 am
Weaving weak fabrics

Jindal Cotex is entering the capital markets on 27th August 09, with a public issue of 1.25 crore equity shares of Rs. 10 each, in the band of Rs. 70 to Rs. 75 per share. Promoters are subscribing to 12.04 lakh shares, while 107.50 lakh shares are offered to the public.



One must admire the courage of the promoters to come out with an IPO in the band of Rs. 70 to Rs. 75, against the book value per share of Rs. 23.10, as on 30-06-09 and at a PE multiple of 21.68 times, at the upper end of the price band. There are over 10 similar companies available at PBV of 0.50 times and at a PE of close to 5 times. For example, SEL manufacturing having book value of Rs. 184 is ruling at Rs. 70. This is inspite of the company having posted an EPS of Rs. 33.50 for FY09 and Rs. 12 in quarter ending June 09. SEL also has sizeable presence having 4 garmenting units and 1 spinning and knitting units with annual sale of Rs. 605 crores for FY09. SEL has 74,256 spindles for cotton yarn, 7,050 TPA of knitted fabrics, 3,000 TPA of fabrics processing and dyeing and 7.50 million pieces per annum of garments. That means, this company is available at a PBV of 0.38 times and PE multiple of 2 times. There are over 10 such companies available in this range of valuations.



Books of the company are quite leveraged with debt of close to Rs. 55 crores, on net worth of Rs. 29 crores, as at 30-06-09. The proposed project cost of Rs. 216 crores is financed by term loan of Rs. 91 crores and proposed IPO of Rs. 90 crores, thus leaving a gap of Rs. 36 crores, in addition to public issue expenses.



Such companies come out with IPO mainly to play in the stock market, as it is obvious that no sane investor would be willing to subscribe to it, when so many lucrative ideas are available in the secondary market. So the issue is for, of and by the promoters, ab-initio. Maybe, effort shall be made by them to offload this IPO in the secondary market, by indulging into market manipulations and operations. This kind of movement, we have been witnessing in the share price of about 8 -10 companies. Promoters of this company seem to have inspired by those companies.



A clear advice to the public – remain away from the issue and don’t be part of this weak and unviable project.

unable to track NSPC allotments in any website

you have to invest yr money in jindal cotex Ltd.

You can check the status when available on any of the 3 undermentioned websites:
http://www.karvy.com/ipoStatus/
http://203.199.177.158/ipo/
http://mis.karvycomputershare. com/ipo/ (Please remove the space between "." and "com". stupid site doesn't let me enter share. com)

GA

It is still not up on the website. Please don's provide inaccurate information.

from where we can get the nhpc status? I've checked with karvy site, it isn't there.

Status of form no-52324123

Dear All,
I find a lot of nonsense and misleading info on this site. This is not good.People should provide only very correct info and well analysed opinion.
If anyone has applied through ICICI.HDFC and similar other banks,he will get automatic refund.I wish to clarify for public benefit that ASB Application Supported Block Amount i.e. the investers amount will be blocked in the account and will be dedcucted based on allotment not full amount as done in conventional method of application. SCSB Self Certified Syndicate banks are providing ASBA facility please verify in NseINDIA web site for details.

       Further,I checked up today, when you fill your application, you must fill Refund through RTGSA . This way you refund will come directly to bank. Any one can ask me anything.
NHPC allotment status is out today.You can check.Those who applied full will get 713 shares.

713 shares allotted against full application.

hi whats about oil india ipo

what will be the status of jindal cotex on listing?

100% confirm 2625 alloted 713

OIL INDIA LIMITED
-Govt panel sets Oil India IPO price band at Rs 950-1,050/share
-Alert: Oil India IPO to open on September 7, close September 11
-Govt to get up to Rs 2,205 crore from Oil India IPO
-Company to raise up to Rs 2,770 crore via IPO

Source CNBC-TV18

Still there is no allotment , how do u say 713 shares alloted ?

hey is there any premium in NHPC or zero