National Buildings Construction Corporation Ltd IPO Message Board (Page 6)

CM rating 47/100

http://www.capitalmarket.com/ipocentre/nimshow.asp?code=13166

well said
dear it means you can go with full strength no problem and ignore all rubbish messeges

Not an attractive issue, but there will be listing gains.

NHPC like dirty and poor ipo after listing 50% discount.

DEAR P K TOSHNIWAL
WHERE ARE YOU,WE ARE MISSING YOU PLZ CONTACT US
T S

sreedhar
PLZ ADVICE US WHETHER THERE MAY BE ANY ALLOTMENT ON FULL APPLICATION OR NOT AS THE ISSUE IS COMPARATIVELY SMALLER .
T S

HUDCO BOND LISTING IS CLEARLY PRICE RIGGING CASE.

GMP +10 ,will it sustain?????

How reliable is Mr Dilip Davda, he recomend almost all IPO's...:):)

@ echaos...I am following Mr Davda from last few IPO's and the detail he provides in his reviews are quiet good. Just read it if you are IPO investor.

whether it will close for QIB on 26mar

Punters must run and apply...

Small issue... chance of making money!!!!

NHPC,SJVNL type another poor issue which canbe very long term for you.

Mr.S.P.tulsian [Market Expert] View On NBCC IPO On Money Control.

Q: What have you made of the NBCC price band of Rs 90-106? How would you approach that one now?

A: The issue is looking quite dull. I am unable to understand the reason for dilution of 10% stake, because if you see the eventual market cap of the company it will be at about Rs 1,100-1,200 crore. The issue size is about Rs 110-125 crore. What is the logic just for diluting 10% stake? The government could have gone for higher dilution of 25-40% but it seems that the mechanized figure of 10% has been kept for all the dilutions.

If you see the trend of profitability, PAT margin which used to be at close to 14% for FY08 fell to 4.5% for FY11. It is the same same kind of story - you are providing project management consultancy for civil infra, real estate development and considering that, the issue is issued at a price-to-book of 1.5 because the book value is at Rs 60.

Even if I take a lower price band of Rs 90, it is issued at a price-to-book of 1.5. If you take the expected EPS of Rs 13-14 for FY11 and FY12, if I extrapolate the six months performance, it is issued at a PE multiple of 7-8. As against that there are many private sector companies providing similar kind of services and are available at a price-to-book of 0.6-0.9 and a PE multiple of 4-6. I don't think that there will be much excitement for the issue.

A 5% discount to the retail investor gives you a gain of about Rs 5, which can be treated as a listing gain. But if you take a view for next couple of months post listing, the share will languish maybe close to about Rs 100. There is no real great excitement for those who will be acquiring the shares of this company.

NBCC Is not a Maharatna or Navratna PSU.
it is only grade "A"
Don't see ipo grade 4/5 from care
Government trick to sold this poor fundamental company.
What government earn to sold this equity [only 120 Cr.]
Government sold at very high price then ONGC
Many Infrastructure co.trade P/E Rs.5 only
EPS Rs.11 Price band 90 to 106 means P/E Rs.9
Retail Discount Rs.5 Maximum @5%
IPO size bellow 250 Crore means
Listind day lower circuit @5% on ipo discovery price.
If Ipo Discovery price Rs.100 Circuit Lower Rs.95 Rs.Upper 105
What Earn Retail Investor?
Don't Apply.
Stay Away.

Saw Mr Tulsyan's review. I am going to apply full as he has suggested to avoid this ipo

well said @carez.

reference drawn to 1953.1. I still say that if you reap the benifit of 5% discount ,,then Isue price should be higher.With this 5 % discount,i did some profit in NMDC,EIL,Powergrid FPO,PFC,shipping corporation FPO on listing day. By fixing the price band 90-106, issue beomes attractive and chance of oversubscription possible.
people lost money in NHPC ,PTC,SJVN as issue prices were well below 40 and there is no margin of 5% discount.If price band is fixed in between 170-190 then retail investor could have made more profit in early hour of listing day.On upper band still this issue has margin of Rs.5 for retail which may still R.I a nominal benifit.
This my view only and i may be proved wrong also.Expert opinion about my view is also solicited

http://business-standard.com/india/news/nbcc-ipo-to-hit-market-between-march-23-27/160908/on

The price band of NBCC IPO, has been fixed in the range of Rs 90-106 and the issue will hit the markets between March 23 and 27.

The government aims to raise Rs 120 crore by selling its 10% stake in the company.

The government will dilute 10% [stake]... Rs 120 cr to be raised by NBCC PO," Urban Development Minister Kamal Nath told reporters today after an Empowered Group of Ministers (EGoM) took a decision in this regard.

NBCC shares will be offered in the price band of Rs 90-106 and the listing would happen in April, Nath said, adding that the IPO will hit the market between March 23 and 27.

The EGoM is headed by Finance Minister Pranab Mukherjee.

The government has set an ambitious target to mop-up Rs 40,000 crore from disinvestment of public sector units this fiscal, but due to volatile market conditions, only about Rs 14,000 crore has been realised.

Despite not being able to meet its target in 2011-12, the government plans to sell equity in blue-chip companies like SAIL, MMTC, Neyveli Lignite, Nalco and Oil India, to mop up Rs 30,000 crore in the next fiscal.

As per the Red Herring Prospectus of NBCC filed with the Sebi, the construction major has proposed to make the IPO of 12 million equity shares of face value of Rs 10 each.

NBCC is engaged in the business of providing project management consultancy (PMC) services for civil construction projects, civil infrastructure for power sector and real estate development.

Rating agency CARE has assigned 'IPO Grade 4', indicating above average fundamentals, to the proposed NBCC IPO.

As on January 31, 2012, it has a total order book of Rs 106,13.6 crore for PMC and Civil infrastructure for Power sector businesses together.

In 2010-2011, the company reported a total income of Rs 3,230.7 crore and profit after tax of Rs 140.4 crore.

No any announcement for 5% discount for retail.

This looks like a very very good issue.

depending on the subscription figure.... one can give work to his legs to run and apply....

Sureshot gains expected!!!!!

90-106 is tooo gud. I'll advice everyone to apply in it

But sell as soon as it opens. The first tick itself on listing day.

Price Band is 90 to 106 with 5% discount for retails investors on the discovered price. At this price I think this will subscribe 80 to 100 times. I think we should apply.