Latest update after Swiss Bank has agreed to disclose the funds.
Our Indians' Money - 70, 00,000 Crores Rupees In Swiss Bank
1) Yes, 70 lakhs crores rupees of India are lying in Switzerland banks. This is the highest amount lying outside any country, from amongst 180 countries of the world, as if India is the champion of Black Money.
2) Swiss Government has officially written to Indian Government that they are willing to inform the details of holders of 70 lakh crore rupees in their Banks, if Indian Government officially asks them.
3) On 22-5-08, this news has already been published in The Times of India and other Newspapers based on Swiss Government's official letter to Indian Government.
4) But the Indian Government has not sent any official enquiry to Switzerland for details of money which has been sent outside India between 1947 to 2008.. The opposition party is also equally not interested in doing so because most of the amount is owned by politicians and it is every Indian's money.
5) This money belongs to our country. From these funds we can repay 13 times of our country's foreign debt. The interest alone can take care of the Center s yearly budget. People need not pay any taxes and we can pay Rs. 1 lakh to each of 45 crore poor families.
6) Let us imagine, if Swiss Bank is holding Rs. 70 lakh Crores, then how much money is lying in other 69 Banks? How much they have deprived the Indian people? Just think, if the Account holder dies, the bank becomes the owner of the funds in his account.
7) Are these people totally ignorant about the philosophy of Karma? What will this ill-gotten wealth do to them and their families when they own/use such money, generated out of corruption and exploitation?
8) Indian people have read and have known about these facts. But the helpless people have neither time nor inclination to do anything in the matter. This is like "a new freedom struggle" and we will have to fight this.
9) This money is the result of our sweat and blood.. The wealth generated and earned after putting in lots of mental and physical efforts by Indian people must be brought back to our country.
10) As a service to our motherland and your contribution to this struggle,please circulate at least 10 copies of this note amongst your friends and relatives and convert it into a mass movement.
Dear Investors. This is JSW Energy. I think that you all have applied for all previous major IPO’s. But, in that IPO’s you have lost very less amount i.e.
Reliance Power: Have lost only 37% Indiabulls Power: Have lost only 31% NHPC (Nahi Hai Public Company) Have lost only 19% Euro Multivision Have lost only 42% Death Networks Have lost only 22%
But I guarantee all of that when you will apply to my IPO I will confirm the loss of more than 50%. So, you don’t have to worry in further more IPO’s. I know that you all will apply in my IPO still to remind as there was very less loss in all the above IPO so you shouldn’t lose your heart as I am coming to give you very heavy loss.
If price is upto Rs.50.,it is good issue. If price is around Rs.100., it is average issue if price is around Rs.150., it is bad issue like Reliance Power, NHPC, Adani power and Indiabulls power
IPO can not be in range of Rs190 to 210.You know equity outstanding before issue is about 136 crore shares of face value 10.Company want to raise about 2700 crore through this issue.Going by your expected value company would issue 14 crore share.In that case price would come out to be about 19 times the book value.Which is practically not possible.Investors are not that fool.
What I think company would try to raise 2700 crore through issue of 64 crores(approx) with value between 38-42.In that case valuation will be about 4 times the book value which is also not justifible.(Current book value is about 11 Rs per outstanding share before issue)
From Investor prespective Ideal value would be in range of about Rs 22-25.In that case EPS would be around 6 Rs after commissioning of 11th Plan plants i.e total installed capacity of about 3600 MW. Current EPS for 09 is about Rs 2(before issue).
i completely agree with rahu (point 8)....this guys are known for chewing pulic money......even i had lost heavily on Jindal Vijaynagar......which i had invested 12 years back.....this group is CHOR.....stay away.....
I heard that the price band will be in the range of 190 to 210 rs. I feel its good IPO as all JSW and Jindal based companies have given good returns. I keep this for long term may be 2 to 3 years
See Nitin(6), It all depends on IPO pricing, if NHPC would have been priced at P/E 7 Fy09-10, then no body would have lost money & infact there could be huge listing gains in that case. It all depends on fundamental & pricing of particular ipo............................. Regards , Vishal
If you are a wise investor, you will definitely listen your heart and mind before applying any IPO not JSW but all IPO and finally remember EVERYBODY WANTS TO MAKE MONEY either way. Take lesson from the history and apply your sweet or bitter experience in further IPOs.
remember this company is coming with IPO after 15years,they had earliar come with IPO of Jindal vijayanagar steel which never tookoff,later after 13 years they restuctured overnight and gave a very hard swapratio,and since most of the retailers had lost hope in those shares,more than 50% of the shreholders had lost share cert.so the company made a quick buck out of it,beware of this group and ruias,birlas,biyanis,they have never created shareholder value but always looted as was done in Essar Steel buy-back and authorities remained a mute spectators with hand-in-glove,bcoz on our system,general public is always taken for a ride.