Mundra Port and Special Economic Zone Ltd IPO Message Board (Page 203)

mudra greay market rate 600-700 application rate 8000-8500

mudra application rate would be touched 7500

Total Issue Size 40250000
Total Bids Received 224714955
Total Bids Received at Cut-off Price 3025590
No. of times issue is subscribed 5.58

Any one know of the updated subscription details, particularly that of retail?

Mundra Port and SEZ: Invest at cut-off (Business Line Review)

Investors with a three-five year perspective can consider subscribing to the initial public offer of Mundra Port and Special Economic Zone (Mundra Port). Superior growth in cargo and container volumes handled in relation to other ports in the region, an integrated business model comprising port operations and services and long-term tie-ups that secure business, are positives for this port developer.

A multi-product special economic zone (planned) in the location is also likely to provide steady captive business.

The offer is at a price band of Rs 400-440. The earnings per share for FY-07 on the existing equity base was Rs 5.2. When the additional capacities from the second multi-purpose terminal and container terminal go on stream, earnings may well grow at a 60 per cent compounded annual rate (CAGR) over the next three years, assuming volumes expand at a rate of 30-35 per cent (the last three years’ volumes have shown a CAGR of 56 per cent). Planned forays into container rail, inland container depots and SEZ would further scale up earnings. We have not factored these operations into our valuations.

Expected Subscription Retail: 10-12 times

I thinak one must apply for multipling money. I feel nowadays sirf topiwale share marketr me nahin hai. But Taiwale bhai join hue hai. What I feel is the basic reason for overvoluming the IPOs is awareness about the the things. As almost all samm type of businesses are not doing well becuase of all this malls and the entering Reliance, Tata , Modi and so many retail chains. So every body is snatch their money from small business and Just appling in good IPOS. 80% people genunely dont know and even not properly spell the name of the company, what they are doing etc. Just thinking that will be getting any how 4% of the total investment. Lets stop all the business and stop all other office expenses and rotate say 10 lacs in IPOs and getting roughly 4% i.e. 40,000 a month without any hardwork. Let me tell you Reliance Power has done statargic allinace with Power Grid. So what I feel shound touch to Rd.1755 to Rs 200 in a short time say by december. And surely depending On the reliance Power Issue which is delayed due to the Present Problen. Once the date is confirmed try to purhcase power grid by each correction. Will be getting handsome output within one and half months,..


Thanks

hi amateur@218,219
it is a good analysis,but i think 3 lots is too much.
expect 10 to 12 times oversubscription "atleast".it may be more but almost unlikely to be less.i am pretty sure about this.so u can hope to get 20 to 25 shares max for 1 lac.just wait till nov 7.and anyone planning to apply with lesser money.dont repent later.better to wait for rel power.will be better.

this is goog ipo 100% appiled this will giv good return gray market prm. is 460 and form prise is 7200 so that is good what is date of rellince power?

is assuming a premium of 25 to 30 % is fair for this ipo ??

on a full application what is a rough estimate ??

good ipo grey mrkt premimum 400 rs as on today

Excellent IPO, don't miss it

Mundra in Trouble
-----------------

The international port operator DP World of Dubai, which owns and operates a container terminal at Mundra through P&O Ports, has approached stock market regulator SEBI with a string of complaints against Mundra Port & SEZ.

The Adani-owned Mundra Port is currently in the market to raise around Rs 1,750 crore, the first initial public offer (IPO) by a local port company.

In a communication to SEBI, dated October 30,’07, DP World has alleged that the red-herring prospectus (RHP) has failed to make “adequate disclosures” to potential investors. In fact, the lead managers of the IPO had appended the draft red-herring prospectus (DRHP) with a few additional risk factors after DP World sent an earlier communication to Sebi on October 16, 2007.

The global co-ordinators and book running lead managers to the IPO are DSP Merrill Lynch, JM Financial and SSKI. The book running lead managers are Enam Securities, Kotak Mahindra, I-Sec and SBI Capital Markets.

The IPO, which opened on November 1, was already subscribed 4.7 times, based on the preliminary bidding data received from stock exchanges. The price band has been fixed between Rs 400 and 440 per equity share. The IPO will close on November 7, 2007. Mundra International Container Terminal (MICT), a P&O Ports terminal, is now owned by DP World, after the Dubai-based terminal giant bought over the UK-based P&O Ports in a $6-billion deal in 2005.

MICT has alleged, “The framework agreement precludes MPSEZ and its promoters from developing or investing in any other container terminal business anywhere in Gujarat for 10 years, till November 8, 2012.” “This has not been pointed out in the RHP,” it said.

Adani Port Infrastructure (APIPL) has entered into an MoU to acquire 100% in Dholera Port. “APIPL is a party to the framework agreement as is Gautam Adani (chairman of MPSEZ),” claims MICT.

“The RHP deliberately mentions the payment of $70 million for the second stage assets (phase II of the container terminal currently operated by the Adani company) without mentioning that these are the ‘mutually agreed terms’ between the parties. It would significantly affect the company’s valuation. Such a vital issue was never mentioned in DRHPs and has only been mentioned in passing in an unrelated part of the RHP concerning court proceedings,” alleges the MICT letter.

Top officials of MPSEZ told ET that DP World has fought a legal battle on these issues without any success. “The IPO managers can’t amend the prospectus if it’s not a reality,” said one official. After losing in Ahmedabad city civil court, MICT has now moved the high court.

MPSEZ further claimed that they had signed a non-compete clause with P&O Ports. “Now DP World took over P&O, without prior consent of Gujarat Maritime Board and the Adani group, making it a clear violation under the sub-concession agreement between us and P&O Ports,” said the official. As far as Dholera Port is concerned, he said Dholera Port & SEZ (DPSEZ) is a separate group company, and that the non-compete clause is not applicable.

Via ET

5 star rating by money control. apply at cut off says business line.just go for it says sptulsian.

hi vikram what is your expected no of subscriptions for mundra , how much will be the allotment for 225 shares [ lottery ratio ],can we open a minor dp & trading ac, if so who provides .it your suggestions help me a lot thank u

Hi Rakesh,

Please the below question in IPO FAQ section at provided below link:

Can a minor apply in IPO?

/newPortal/ipo_faq_comments.asp?a=57&p=3

Vikky

i am expecting 3 lots for full retail appln.

what u understand is sunscription to Mundra will depend on following factors as well.
1. It ius not a small issue.
2. REligare already got heavily subscribed.
3. People are expecting Reliance Power in near future.
4. Empee distilleries seems to be good as well.
All the above factors make sure that retails money gets diverted.

can i apply MINOR'S account application......give me reply as soon as possible

there is a problem between dubai port and adani the dubai port has told the problem to sebi