Kiri Dyes and Chemicals Limited IPO Message Board (Page 3)

It seems good IPO. attractive pricing. products range more than megmani. JV with chinese big company. Pre-IPO placement. All positive points to make it successful.

Hi, Kiri is really very good issue in this market. Valuation is quite reasonable. Company is doing well if compared to peer group companies. If this issue would have come before the January this year, then it would have been valued at Rs. 220 approx and i surely believe that it would have oversubscribed more than 18-20 times. It will definitely hit market with huge success. I personally recommend to subscribe to this issue.

another cheater company.sure it will not even get subscribed
.30 times also.stay away as they will send back ur money after if u subscribe after 15 days full refund due to undersubscription.this stock is not even worth 20 rs.

Roy

Titagar is very costly at present market condition. Kiri is good for retail and HNIs for mid term basis.

This IPO is good for mid term basis. It will give triple performance,looking to its sulfuric acid and its dervatives project alongwith Co-generaton 2.9 MW power plant from steam generated from sulfuric acid plant it will save power cost.further due to
17%vat refund calcelled by China in July 07 and strengther of Pollution norms even big plant i china is shutting down. now india is only country having bright future for Chemicals and Dyes industries. Further the Company has issued 1250000 equity shares @120/- per share in January 08 under Pre-IPO Placement, hence price of the company is also justifiable.

In my opinion it will subscribed atleast 5 times.

WHICH ONE IS THE GOOD IPO ? TITAGARH OR KIRI ? CAN ANY BODY SHARE WITH ME THE INFORMATION ABOUT THOSE IPO?

TITAGARH IS GOOD IPO INSTEAD OF THIS

this is the smaller size of company then meghmani even meghmani is a big group in the ahmedabad area so dont go for this

Any idea abt this one.

Can any body tell what is GMP for this IPO

PAT FOR YR ENDING MARCH 2007 IS NEARLY 2 TIMES PREVIOUS YEAR. CAN THESE NUMBERS BE TRUSTED ? THEY MAY HAVE BEEN COOKED UP FOR BRINGING IPO. POST IPO EPS IS 5.75 BASED ON '07 PAT GIVING P/E OF 22 TO 26 WHICH IS VERY HIGH IN TODAY'S MARKET.

What about this IPO ?

Most dye manufacturing companies have not done well on the Indian Stock Exchanges. SM Dyechem being one example. Ignore this IPO

is this company joking noone will apply in this bad ipo even at 25 rs and they are asking for 125-150 rs.
I want to see if even 1 retail apply in this ipo.

Hi all!

In these depressed market sentiments is it wise to go for ipo? Almost all other large cap stocks are available at such cheap prices. Also, look at the way past ipo's have listed in this week. Like v-guard, rec, tulsi... All have come down below or near their issue price. To me it would be pointless to lock up your money for a month or so when you can still get them later for possibly a cheaper price.

Retail investors stop applying to IPOs for 6 months unless share is offered at P/E below 10 on post IPO equity and company NP is growing at least 30% per year in last 5 years.

kiri ipo is overpriced and from chemical industry.worth is not more than 65/70 rupees. no grey work will trade by company circle now or also later so avoid for subscribe...........

Deepa Ji how can u say its good for maximum lots
Please Provide its fundamentals, how can its good for invenst

gammon issue is good for life time/

what about gammon IPO on the second day also not subscribed; will it go through or not