Midfield Industries Ltd IPO Message Board (Page 8)

Hello IPO experts Little confused what to do with this IPO After good performance by Hindustan Media should we apply or not ?

What are the latest subscription figures?

Posts 73,74,75,77 are very interesting and provide an insight into psychology of stock market participants. It looks like these individuals would not in their financial wisdom not applied for this issue as they themselves agree that the fundamentals do not justify the price, however they are swayed by the first day subscription figures. This is a classic case of herd instinct, and also of short public memory of various high subscription IPO debacles. There is an insatiable greed for listing gains, which may very well happen, but if there is adverse development like some major bank failing in Europe, soverign debt downgrade, terrorist attack, political instability, last moment pullout by HNI, QIB etc in next 12 days, the listing gains will not materialise, and investors will be left holding a dud stock, which would not recover when the general market eventually recovers. Don’t forget the truism from Mr. Buffet “Be fearful when others are greedy and greedy when others are fearful”. Folks – you are thinking human beings, not herd animals like goats. Don’t be the mutton in the diet of operators and manipulators.

Hello everyone.

Please look at the incremental subscription between day 1 day 2.
Hardly any.
QIB's kept quiet.0.07 increase.
HNIs increased from 9.21 to 9.27.
That too for such a small issue.

Looks fishy at best.

Luring retail investors to subscribe and get hooked.

Last day the subscriptions from QIBs and HNIs can be withdrawn too.

Be very careful

THANKS, SHREEDHERBHAI

PRINCEEEEEEEEEEEEEEEEEEE

Prince,
Ek full bharne mein koi harj nahi.

HI,GEM IPO FINDER & SHREEDHERBHAI

SIR, FINALY MIDFIELD LISTING GAIN KE LIYE BHARNA CHAHIYE?
PLEASE REPLY SIR............]

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEE

Thanks Prince I am throughing my hat in Midfield for listing gains As per NSE figures Retail is 1.39 times , Non Institutional Investors 9.51 times , Qualified Institutional Buyers 0.69 times subcriptions have been done. Hopefully it will pick up tomorrow. All the best for Hindustan Media listing tomorrow :)

i m also thinking to apply 1 full application of midfield tomorrow.no matter hows the sensex tomorrow react...

Dear Sreedhar,
My original decision was to ignore Midfield IPO totally, but as it has got decent (and unexpected) subscription, I am thinking of throwing in my hat. I will go in with 1 full application. By the by, have you sold all your shares of Technofab? If the market hadn't tanked in the end it could have touched 320 by the market close, I thought.

Hi Guys,
Midfield has no reason to apply, see the negatives
1. cash flow is negative
2. Being offered on a high P/E
3. None of the brokerage report is saying to Subscribe
4. Capital Marketing rating 20


Although the GMP is 15-17 Rs but it can vanished in a day after subscription.

Always remember, we retailers have a tendency to be fooled by these IPOs.
It's better to avoid and preserve our capital for good issues.
It's only for a very very high risk traders , If u find urself in that category then only apply!!!

HI ,NISHA SHAH

MARA HISAB THI LISTING GAIN MATE TARE APPLY KARVU JOIYE 10% TO 15% RETURN MALI SAKE CHHE....

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEE

HI,PRIYANKA

MIDFIELD IND. CRISIL KI RATING 2/5 HAI.LEKIN ONLY 60 CRORE KA IPO HAI OR 1 DAY PER HI HNI KA ACHHA KHASA RESPONCE MILA HAI OR AJJ KITNA SUBSCRIP HUA MUJHE NAHI PATA.PER RETAIL ME ACHHA REPONCE HO SAKTA HAI ALOTMENT KAM MILEGA OR PRIMIUM BHI FILHAL 15/18 KA CHAL RAHA HAI.OVER SUBSCRIP HONE PER PRIMIUM 25/27 HO SAKTA HAI.OR MKT BHI POSSITIVE LAG RAHI HAI.............

MERE HISAB SE LISTING GAIN KE LIYE APPLY KARNA CHAHIYE ..... .
LONG TERM KE LIYE RAKHNA BEWKUFI HOGI.

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

APPLY MIDFIELD

nisha@65
You cannot simply say avoid.
Please justify.why?
Have you done any basic research by going through their DRHP etc
otherwise it is like somebody saying i don't like you because i don't like your face.

let it be objective analysis and not a one liner.

61. Subhasish

Another Over-Priced Small-Cap Company

Our market has seen a raft of junk offerings in the IPO market over the last few months.Many of these issues have failed to get subscribed while others which have got subscription in low numbers have rewarded investors with sharp losses.

There is no clear trend emerging on the stock markets. The world stock markets have taken a beating but Asian markets continue to be stable. Not sure if it is a sign of a bigger fall later on.

The company has failed to manage its working capital effectively. It has a history of cash-flow problem.

The company is leveraged with total debt to equity ratio of 1.21 as at 31 Mar 2010. It is moderate; however, this shows that the business is very working capital intensive.

It has defaulted in payment of six monthly installments aggregating to Rs. 1.06 crore, since December 2009 due to S E Investments Ltd. in respect of loan availed from them. SE Investments has the right to invoke pledge of shares offered as security.

The company is involved in certain proceedings/claims with Commercial Tax Officer to the tune of Rs. 0.67 Crores.

Midfield Industries probably deserves a P/E valuation of less than 10 times rather than 20+ times which it is being offered at (deserves Rs.60- not 133). Could not find any positives about the company which would make someone pay such a rich valuation. Anyone thinking of investing at these valuations would be doing for something other than fundamental reasons.

I do not intend to subscribe to the issue as I am interested to trade on listing day rather than applying and taking big risk.

Avoid Midfield Industries IPO

Bhai log What to do with this IPO GMP is showing Rs 15-18 Feeling jealous ? Prince /IPO finder Please do reply

60.THIRU.

If u have the spare money, then go for it. Stock market is all about RISK & REWARD. Here, this IPO, its low risk with decent rewards (expected).

Ravi, Bangalore, should i apply in Midfield? if u say yes . i wl.