Midfield Industries Ltd IPO Message Board (Page 12)

Latest GMP(Medfield Industries)
Share 14-15 (confirm)
10-11(Subject to)
application:- 1000-1200

Above rates in Jaipur

HI, GEM IPO FINDER & SHREEDHERBHAI

THANKS SIR.........

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEE

INDIA MAIN ROTI KAPDA MAKAN AND WATER(PANI) AIR(HAWA) KI KAMI HO SAKATI HAI
LEKIN SHARES KI KOI KABHI KAMI NAHI HOGI BECAUSE OUR PRODUCTION OF SHARES GROTH 20% THROUGH IPO
TOO... EK BAT HAMESHA YAAD RAKHEN ROTI PANI MILEGE YA NAHIN SHARE HAR BHAV PAR MILEGA

Dear Natarajan,
I will sell half of my holdings around 280 & hold the rest & see how it goes.

Dear Prince,
Avoid Midfield.At least 2 quality IPOs are slated in last week of July,hence preserve your capital for them.

packaging industry avg PE is 9.8.

Your views on this company?

Name of company FV EPS P/E RONW% NAV
AMD Industries 10 3.4 6.7 3.3 54.1
Bajaj Steel 10 45.5 4.8 51.6 209.8
Glory Polyfilms 10 1.8 8.5 7.8 32.1
Hitech Plastics 10 10.5 8.3 21.7 47
Midfield Indus 10 9.78 13.6 24.2 40.5
Paper Products 2 5.3 10.4 14.9 111.4
Polyplex Corpn. 10 35.1 5.9 13.0 111.4
TPL Plastech 10 5.9 10.1 21.1 22.0

Page 1 of 3

How to Analyse an IPO?

It is a list of things investors need to look for when evaluating an IPO. These are, of course, generic and there are usually industry- and company-specific idiosyncrasies in each IPO that must be evaluated on a case-by-case basis.

1. Screening
•      FPO: Beware if a company is already listed. Chances are that it is trading at a huge premium to the offer price band at the time of the FPO and you’re tempted to make easy money. Going by recent history in many such offers (NMDC, NTPC) the prices are likely to come down below FPO levels and you’ll make little or no listing gains.

•      Industry: Are you comfortable with the industry the company is in or do you feel it has bleak / unpredictable / cyclical prospects over the long term.

•      Demand: Check out the NSE-BSE demand graph on the NSE website, especially on the last day. Most investors seeking to make quick profits would apply for highly oversubscribed issues but I tend to favour the less popular ones as chances of getting a decent allotment there are better.

After SEBI made it mandatory for QIBs to pay their entire bid value upfront since May, all QIB bids are coming in an on the last day. This is because players do not want to lock-in their money for extra days. As a result, retailers- who usually bid on the last day after gauging the QIB appetite- are left with little time to take a decision. Hence, the purpose of an open-bidding process that retailers should be able to take cues for the QIB subscription has failed.

2. Searching
•      The Company Website: Look for their products and services, financials, management profiles, press releases.

•      News Items: Check out news items on the company.

•      Analyst Reports / Informed Opinions: Right from Moneycontrol down to blogs like the celebrated one you're reading right now – there’s a wealth of opinion on the net.

•      Industry and Peer Group: Which other companies are engaged in similar lines of business? How are they doing?

•      What People Are Saying: Check out the bulletin boards on Moneycontrol / Chittorgarh. They’re always buzzing with activity, though only 10% of the posts are of any use. You might find a nugget or two there.

Page 2 of 3

3. The Prospectus – Softer Aspects
•      You’ll find offer prospectuses on the SEBI website.

•      Risk Factors: There might be a few lurking about that could really rock the boat if they were to come about. There is often a discussion of management’s viewpoint on some of the ghastlier ones and they are worth taking note of.

•      Business Overview: There is usually discussion of the industry structure and trends as well as key growth factors.

•      Objects of the Issue: The proceeds of the issue should be used entirely in value-enhancing, business-related purposes. Anything else – like structured IPO, just to raise funds (Fatpipe) – is a strict no-no. Use of proceeds for working capital is also not a very encouraging sign.

•      Track Record: Investing in brand-new companies (like Indiabulls Power) is a huge risk in my book.

•      Promoter and Management Profiles: Ideally the senior management should have long years of experience in the industry and be professionals unrelated to the promoters. Companies where the leadership roster reads like a family tree are best avoided.

•      Promoter Holdings Post Issue: Should be high enough to keep them interested in the business but not so high as to smother professional management completely. Something like 40-60% sounds about right.

4. The Prospectus – Financials and Hard Numbers
•      Check on Diluted Financials: Remember to check that all per-share data has been calculated on a diluted basis i.e. on the increased number of shares outstanding following the issue

•      Growth Rate: What is the cumulative growth rate of overall sales, net profit, and operating profit of the company over time (at least three years of data would be provided in the prospectus). What is the average year-on-year growth rate? Is it steady and increasing or showing signs of unpredictability, with wide deviations from the average growth rate?

•      PE Ratio: Is it reasonable compared to its peers? Ideally the PE Ratio should be lower than the average growth rate and also at a discount to peer values. However, recent IPO PE Ratio is at par or even higher than peers.

•      Return on Equity / Return on Net Worth: Is the ROE figure comparable or higher than its peers? Is it growing over time?

Page 3 of 3

•      Debt / Equity Ratio and Interest Cover: Is the debt / equity ratio low and consistently falling over time? Does it compare favorably with its peers? Is the interest cost (computed as interest cost divided by average debt) high- more than 5 and consistently rising?

•      Price to Book Value: To be a bargain, the price should be below the book value (price to book ratio of less than 1) but that is a utopian dream in a fresh issue. Anything that seems about right for the industry should be fine. Growth stocks (like Real-Estate, Infra, Financials) usually have prices way beyond the book value.

•      EBITDA / Enterprise Value: This ratio determines the return on investment for someone acquiring or buying into the company (like us!) and works well for growth companies like capital-intensive enterprises such as Energy, Telecom & Metals.

•      Unusual Spurts and Dips in Financials: Look for suspiciously high profits in the last year or sudden increases in personnel / raw material costs. These may be genuine but one should know the reasons for the same.

•      Large Bonus Issues / Stock Grants in Recent Years: These only benefit the promoters and leave less on the table for investors like you and me.

•      Notes to Accounts: Often neglected, this is the place to look for financial jugglery if you can make sense of it. If not, trust in God (and the Management) not to hand you a Satyam!

5. Informed Sources
•      Friends in the Company: Company employees are usually a good source of down-to-earth information that cuts through the hype. The flipside of course is that most insiders usually paint an overly pessimistic or optimistic picture based on a relatively narrow view.

•      Industry Insiders: People in the industry usually have some idea of the main players and especially about their competitors. Such people are a good source of unbiased, though sketchy, information.

1. VIRU

Indstead of asking others, why don't you analyse yourself? You people need tips and want to make money. If making money from stock market is so easy, people will not work. However, for your academic interest learn How to Analyse IPOs & then, give your opinion.

Self-analysing is tough but commenting is very easy.

PRINCE

AVOID MIDFIELD AND WAIT FOR SKS MICROFNCE.

ek kacra issue jiska net profit 5-6 crore hai, wo co. 60 crore lootegi,what a surprise. sebi,govt,sab lutoo. listing only bse, then issue will subscribe more then 20Times because small size issue

please let us know about thew rating given by any rating ageny to midfild if any gentalman know please disclose for retail investors. thanks

Company manufactures two grades of High Tensile Steel Strapping viz., Supreme and Mega Supreme. Supreme Grade Steel Strapping is used for light weight applications and Mega Supreme Grade is used for Heavy duty applications. Midfield has manufacturing facility to produce seals which go hand in hand with High Tensile Steel Strapping. This company is having marketing tie-up with M/s Orgapack, Switzerland, who manufacture wide range of Pneumatic Packaging tools and for marketing the Manual tools has a tie up with M/s Midwest Industries Inc., USA. Midfield also has in house manufacturing facility for strap paint, which is used for captive consumption.



Company s growth has been 30 to 40% for the past four years and has well experienced full time Directors who have vast experience in the same field. Present turnover is about USD10 Million, with about 200 customers.



The Company was promoted by Mr. Appasani Radhakrishna and Mr. Kancherla Bala Bhanu with the object of entering industrial packaging in India. In 1993, the company commenced manufacture of low tensile steel strapping at IDA Jeedimetla, Hyderabad. In 1994, Mr. M Madhu Mohan Reddy (present Chairman and Managing Director) joined company as General Manager – Marketing. In the year 1997 Mr. A Radhakrishna discontinued his association with the company. A year later, Mr. K Bala Bhanu also discontinued his association with the company. Mr. Madhu took over the mantle and was appointed as Managing Director of the company.

HI,GEM IPO FINDER & SHREEDHERBHAI

MIDFIELD INDUS KE NARE ME KOI NEWS?
APPLY KARNE JAISA HAI YA NAHI?
PLEASE REPLY SIR...............

PRINCEEEEEEEEEEEEEEEEE

Hi what about this ipo

GOOD NEWS FOR IPO INVESTORS
THIS IPO ASBA FORMS CAN BE DOWN LOADED FROM NSE ,BSE SITE ,
FROM 19/07/2010 ALL IPO FORMS WILL BE AVAIBLE ONLINE YOU CAN DOWN LOAD THE FROMS NUMBER WILL BE ALLOTTED IN THE THE EACH FORM
SEBI HAS MADE THIS ARRANGEMENT BECAUSE BROKERS WERE NOT KEEPING THE FORMS AND SOME BANK WERE HAVING LIMITED FORMS WHICH WERE NOT AVAIBLE TO RETAIL INVESTORS
GOOD LUCK MAKE MAXIMUM USE OF THIS ADVANTAGE
THESE FORMS HAVE TO BE SUBMITTED TO THE BANKS DIRCTLY
ADRESS OF THE BANKS ARE AVAIBLE IN THE SITE OF NSE, OPEN IPO
THANKS

good ipo invest at least 10 persent up move on listing

HI,
K.K..NATRAGAN $ RAVI BANGALORE
PL GIVE YOUR COMMENTS ON THIS IPO BEFORE ANY GOOD ANALIST WRITES
I KNOW YOU READ AND WRITE FROM OTHER ADVICE ,
YOU DO NOT HAVE THE IDEA OF IPO HENCE ?????????????????????