Niraj Cement Structurals Ltd IPO Message Board (Page 8)

retail shud be subscribed about 5 times and 2.5 times overall as the deadline of 5 pm is approaching subscription is zooming

IPO bidding of Niraj Cement Ltd at 4.22 pm
Retailer 3.10
QIB+NII 0.68
Total 1.37

Chintan i think u have some wrong figure acording to me
QIB + NIB at 4 PM Should be near about 56%

mr kedi for withdrawing ipo less than 90%of total offrered shares are neccessary .not the 90@ of the qib portion.unsubscribed portion of qib are added back to retail category.

at 4Pm ovar all subscription is 1.31 Times. in retail it is 2.93 Times

chintan from where have you got the qib and hni figure

IPO bidding of Niraj Cement Ltd at 3.25 pm
Retailer 2.27
QIB+NII 1.68
Total 1.70

2.03 Times at Cut off and 0.80 Times ovarll at 3 PM

IPO bidding of Niraj Cement Ltd at 2.25 pm
Retailer 1.60
QIB+NII 1.07
Total 1.13

no problem co will manage to get qib subscribed 2 times at least .see the bidding details at 6 pm

at 2 PM 1.5 Time in Retail at cut-off and ovarll 0.59 Times.
QIB + NIB is near about 0.17 times. so i think The IPO mat be withdrawn if QIB section not subscribe by at least 90%

Retailer 1.05
QIB+NII 0.04
Total 0.45

The above is the status at 1:25 pm

at 1 PM in retail 1 Time, ovar all 43 %
Dear Chintan exect Breck up ka pata nahi chal paiga, pata aisai chal sakta hai:-
Retail Subscription at cut off--
QIB+NIB Subscription

QIB aur NIB alag sai pata nahi chalta, aur retail mai bhi sirf cutoff price ka subscription ka hi pata chal pata hai

Hi Kedi
Exact breakups kaa nahi pata chal paa raha hai yaar

at 12 Noon 92% in Cut-ff and ovarall 40 %, Score of QIB is Zero

Guys,
I think you should avoid this IPO and BAFNA as well. Bafna is high risk as we dont know its sub. details. I am not gonna invest in either of IPO. Many good IPOs are in pipeline. So wait for couple of months.

Cheers,
HNI

Dear guys

adding to my mesage number 40, CRISIL has graded Niraj as 1, which means the fundamentals of the company is very very poor.

please see the grading chart by CRISIL below:

Grading Scale:

CRISIL would assess the overall fundamentals of an IPO on a five-point scale. Highest score to be assigned by CRISIL to any IPO would be 5 and the lowest score would be 1. Below is the assessment of CRISIL IPO Rates:

CRISIL IPO Rate Assessment
5/5 Strong fundamentals
4/5 Above average fundamentals
3/5 Average fundamentals
2/5 Below average fundamentals
1/5 Poor fundamentals


Vishy

dear kedi,

you are rite. In Ipo if QIB's invest to 5% (approximately) then u can say that the company is good and also if QIB's invest, u can heavily rely on your listing and long term gain. But as far as niraj is concerned, the fundamentals are not very attractive as well as the performance of the company is not so good when compared to its competitors. (competitors of niraj cements are giant in the cement market like ACC, ambuja, ultratech etc..). Also adding insult to the injury, you can see the employee subscription - its nil till today. its not good to invest for long term as well as short term in niraj cements. but depending on the market sentiments, one may get a small listing gain.

comments are welcome on my perception.

vishy.

Till now no QIB is interested,was does it mean?
kal kya QIB koi surprise dena wali hai, ek bat to tai hai ki agar QIB mai atleast 90% subscription nahi hua to mujha jaha tak pata hai ki company ko apna IPO withdraw karna parta hai.
kya mainai sahi kaha? agar nahi to please explane me

I think yeh bhi retail mein heavily over subscribe hoga aur
allotment lottery based ho jaayega.