********************************************************* Hold on to this ipo until last day. it will meet the same fate as purvankara. They will have to reduce their price to reasonable figure to meet enough subscription for listing.
Guys pls look at the ROE of Jyothi lab Ltd also. Compare it with the peers like Marico, Dabur and Emami. Also look at the objective of the issue, -"To provide exit to instituitional share holders". That means the company will not even get a single ruppe out of the issue for business expansion or operations. But for sure its going to retain/increase the promoters stake in the company. Also the revenues of JLL are majorly from Ujala (45%) and Maxo (not too good as a brand). So you should expect the company to outperform the peers in these industires to post good result. So please think before u apply. This is just my opinion. Others please correct me if i am wrong. Also I dont have any idea about the gray market premium.
APPLY FOR THIS IPO FOR LISTING GAIN.SEE GREY MARKET IT IS ABOVE 60% . WE WANT TO EARN NOT TO SEE COMPANY IT IS ALSO 4 STAR IPO. SEE PERFORMANCE OF ALL 4 STAR IPOS
This is a good IPO. In terms of PE it is one of the cheapest that u will get in the market. with the price of 690 (highest) the scrip will have the PE of 19.5. which is too less than the peer group companies which have PE in range of 28-35. So one should expect the stock to list at a PE of around 30. That means the listing will be at around 1000. The scrip should trade at the same PE as peers as it has same risk and growth profile as others.
i dont think market is going to be above 17000 index when jyothi is going to list..........so the listing will be below 500 for sure..........best chance to buy after listing if intersted.......
Reliance Power coming Feb March November 22nd, 2007 Reliance power is not coming this year. SEBI has some problems with its prospectus and Reliance Power and Mr Anil Ambani group has to clear all the doubts.
So if everythings goes in the right way, Reliance Power may come next year Feb-March.