Navkar Corporation Limited IPO Message Board (Page 19)

Respected sir/s,
Kindly give simple advice
Apply or not apply.
Good ipo or bad ipo.
Beginners like me don''t know very much about financial statements.
So navkar will benefits or loss????

Apply after seeing qib and nii subscription

Sp tulsain telling not to apply in navakar ipo,most of the IPOs are coming with valuation stretched and very little left in the hands of retailers.and 80% of IPOs from last 2years are quoting below issue price.

Hi frnds I have Acc in Kotak, planning to open an Dp Acc in other securities for less brokerage nd ipo provider .....
Senior player plz me...

No Bro, Im from City of Pear Hyderabad.
Thanku CLD..

Sharekhan is good.

You all are very smart investors.
Why are you providing your personal contact information to public site. I am very sure that after providing your contact information you will getting phone calls for credit card, loan, insurance, hotel deals etc.

Some people will sell your contact information to agencies and make money.

Chittorgarh administration should take action on this.

Whether appn forms avaiablele with brokers

Steeply Priced !

Valuation

For FY 2015, net sales (excluding the trading business) grew 14% to Rs 328.76 crore. OP was down 4% to Rs 119.59 crore. Other income was down 90% to Rs 2.15 crore. There was forex gain of Rs 17 crore in FY 2014 (shown in other income) compared with forex loss of Rs 14.34 crore (shown in other expenditure) in FY 2015. The company took an FCNR loan against call options to interest costs, which resulted in forex adjustments.

After providing interest and depreciation of Rs 26.37 crore and Rs 33.04 crore, down 20% and up 17%, respectively, PBT was lower 19% to Rs 80.16 crore. After providing for tax of Rs 7.02 crore (MAT credits being taken), down 21%, PAT stood at Rs 73.14 crore in FY 2015, down by 19% over FY 2014. On post-issue equity share capital of Rs 142.60 crore of face value of Rs 10 each, EPS works out to Rs 5.1.

At the higher price band of Rs 155, the issue is offered at a P/E of 30.2 times. Among the listed companies, Gateway Distriparks, Allcargo Logistics, Container Corporation look comparable with Navkar Corporation. Gateway Distriparks, at the current market price of Rs 353, is trading at P/E of 20.4 times its FY 2015 consolidated earnings. Allcargo Logistics, at the current market price of Rs 332, is trading at P/E of 17.5 times its FY 2015 consolidated earnings. Container Corporation (the largest player), at the current market price of Rs 1636, is trading at P/E of 30.4 times its FY 2015 consolidated earnings. Given the limited track record of the promoters and the company and given the fact that the growth from existing facilities has reached its peak and further growth will take some time before capacities come on stream, the issue is steeply priced.

navkar Grey market premium 1000 to 1100..

Meet Doshi the price you have mentioned is for kostak price not the GMP

Applying for more than one lot makes no sense. Those who apply for more than one lot need to rethink. By applying for more than one lot you are increasing the number of retail subscription and that ultimately reduces everyone''s chance of getting the allotment. So its a sincere request to you all to apply for single lot per demat account.

New retail allotment for Retail investors

1.all applicants will be allotted 1 lot . Leftover ,if any , will be distributed to higher lot applicants.

2. If applicants are more and 1 lot can not be allotted to all retail applicants under retail quota , in that case 1 lot will be allotted by lottery whether applied any quantity.

Of the iPo hit the market this month prabhat diary is good issue should apply Navkar is good business model logistics. However nothing much is left on the table for retail investor however given the industry one should apply the other two pennar and shree pushkar is big avoid.

Prabhat dairy ipo

Date: 1st Sept- 3rd Sept
Lot size: 200
Price band: 67-70
Size 400 cr.

Team Edelwiess

Issue Open: Aug 28, 2015 - Sep 1, 2015
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 14,706,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 79.41 - 85.29 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 54 - Rs. 58 Per Equity Share
»» Market Lot: 250 Shares
»» Minimum Order Quantity: 250 Shares
»» Listing At: BSE, NSE - pinky ji why show chittorgarh thats

Prabhat Diary IPO RHP is out, issue date is from 28.08.15 to 01.09.15. Price band will be announced on Monday

A rush of IPOs... remember this might be a peak phase, & promoters/bankers usually tend to extract the maximum possible in such times!

So low-risk takers need to be cautious!!!

i want to sell application.
do u have any contact...?

i want to sell my application on grey market .
do u have any contact....?

what is the costak rate of current IPO !!!!
what is the meaning of GMP ?????

WHAT IS KOSTAK PRICE IN RAJKOT....

WHAT IS THE KOSTAK RATE OF

1. Prabhat Dairy
2. Shri Pushkar
3. Navkar
4. Pennar Eng


ANY BODY GIVE ME GUIDANCE

1. No work
2. No work
3. 750
4. 500

Ranking
1. Prabhat Dairy
2. Shri Pushkar
3. Navkar
4. Pennar Eng

Below are the three reasons why Sharekhan is bullish on the Navkar Corporation public offer.

1) NCL at the upper price band is likely to trade at price-to-earnings ratio (P/E) and EV/EBITDA of 23.2 and 6.2, respectively, its 2014-2015 earnings. As compared with the large players like Container Corporation of India and Gateway Distriparks, the return ratios are lower as these players enjoy premium positioning due to economies of scale.

2) The brokerage hobelieves the company’s expansion plans which are likely to be materialised in the next financial year will significantly increase its capacity and lead to higher earnings.

3) Further, the logistics sector has been in the limelight on account of proposed dedicated freight corridors, Goods and Services Tax (GST) policy and huge investments in the sector.

Consequently, considering the company’s line of business and growth strategy Sharekhan has a positive view on the company.

Navkar offer’s a risky bet in spite of healthy business

Steep valuations make the public issue of Maharashtrabased logistics company Navkar Corporation a risky bet for investors. Despite sound balance sheet and brisk business, the issue price appears to be higher than established listed peers.

Business

Navkar Corporation operates three container freight stations (CFS) near Jawaharlal Nehru Port, Mumbai. A CFS is a facility near the port which is used to stuffing, de-stuffing, temporary storage and examination of export and import cargo. Navkar''s CFSes can also handle temperature controlled and hazardous cargo.

As of May 31, 2015, the company had an installed capacity of 310,000 twenty-foot equivalent units (TEUs) per annum. In FY15, Navkar''s CFSes had a healthy capacity utilisation of 87%. It also operates a freight terminal which links its Somathane CFS to the Somathane railway station in Panvel. This provides a rail connectivity from its CFS to the port.

Financials & Valuation

Over the last four fiscals, Navkar Corporation''s net profit grew at a compounded growth rate of 16%. At the end of FY15, the company''s debt-to-equity ratio remained healthy at 0.6. Based on the earnings of FY15, the issue is priced at 30 and 29 times its earnings at the upper and lower price band, respectively. On the other hand, its peers such has Allcargo Logistics and Gateway Distriparks are trading at a P/E of 17 and 20, respectively. In FY15, Navkar''s return on net worth (RoE) was 10%, while those of Allcargo and Gateway were 12.6% and 20%, respectively.

Objects of the issue The Rs 600-crore initial public offering consists of Rs 510 crore of fresh issue and an offer for sale by an existing promoter group company Sidhhartha Corporation. The company intends to utilise the issue proceeds to increase its CFS capacity and establish a logistics park at Valsad, Gujarat. In the logistics park, the company intends to provide warehousing and various value-added services.

Article in today''s ET on IPO watch

Based on fy15 earning it is very very very expensive on issue price PE is @ 30 compare to it peers allcargo gateway PE is only 17 and 20. Avoid on fundamental also ROE is very low 10% compare that with gateway 20% fundamental does not make since in applying

I want to sell 10 application.
Kindly pm me your number