THIS IS NOT A IPO / BUT PROMOTER SELLING SHARES US IN SECONDARY MARKET AT A VERY HIGH PRICE . IF YOU WILL GET ALLOTMENT YOU WILL NOT GET MONEY OR PROFIT . YOU WILL GET ONLY SHARES AND LOSS . SAMRUDDHI CAPITAL LTD AHMEDABAD
Dear members: As I said in this column last week those who bought Tecpro at 370 level would have sold the stock at 390/- and again the stock has come down to 370/-. Buy it now and wait for 1 week it will again reach 390/-. Being a low volume stock with good track record those who are in for short term benefit can engage this counter. Similary M&M which was around 760 week ago rose to 780/- and again now reached 740/-. Buy it now it will surely reach 800/- in week's time. Same was the case of Coal India, which was at 308 went upto 319 and again now available for Rs.309/-, will definitely go to Rs.325 in a short period. Pick these 3 stocks for short term profits viz., one to two weeks.
ndia's second largest steel maker and state-owned Steel Authority of India's (SAIL) follow-on public offer (FPO) is likely to open on February 8, kick-government's public offer in this year, reports CNBC-TV18. Under the first phase, SAIL will go in for a fresh issue of 5% of pre-issue paid up capital. This will be along with an offer for sale of 5% of government equity in the company.
The rollout of the two-phased FPO, although approved by the Cabinet Committee on Economic Affairs (CCEA) in April 2010, had been stuck due to board composition issues such as appointment of independent directors. The Centre had in October 2010 approved restructuring of the board of SAIL so as to meet regulatory norms. In all, the CCEA had approved a proposal for issuing additional equity of 10% by the company and divestment of Government equity to the tune of 10% through offer for sale, to be carried out in two phases. (With inputs from The Hindu Business Line)
Ongoing fiscal is all set to be a blockbuster for MOIL, as in the first half itself the company had produced over 70% of last year’s profit. In fact, the according to PK Mishra, Steel Secretary, MOIL is expecting an even better bottomline growth in H2, which means that potential investors will be in for a pleasant surprise in the next quarterly and annual result.
Incentive for 1st day application is most likely to be a trap for all remaining retail investors.Beware!! A steep fall down the valley is sure destination for all retail investors who have not sold in grey market.
According to Mr. Samer Aroda (moneycontrol) indian investors are world biggest losers, when 95% ipo/fpo below issue price all ipo/fpo only for fool investors.
2lac ka limit ho jane ke bad ipo market khatam ho hai. So don't apply in midvalley kyoki iska bhi c. mahendra jaisa hal hi hone wala hai. no buyer only saler.
At the lower price band of Rs 64 per equity share of Rs 10 face value, the P/E works out to 39 times the annualized EPS of Rs 1.6 (on post-IPO equity) for the quarter ending July 2010 (its year-end is April). At the upper band of Rs 70, P/E works out to 41.8 times the annualized EPS of Rs 1.7 (on post-IPO equity) for the quarter ending July 2010. Asking price is highly unrealistic for such a small player with a pathetic financial and governance record.