Nitesh Estates Limited IPO Message Board (Page 3)

what is the grey market premium for nitesh estate. can pls someone tell me...

Subscription figures pleaseeeeee. Anybody

This is quite big issue. cannot be manipulated easiely like ARSS/thinksoft. Chance of loosing money is high. Better nott o invest. if at all realty exposure wanted one can buy DB realty from secondary market for which price stabilized around 450-460.

Dear All,

All Anchor investors have come at lower price band of Rs 54. However, Anchor book quality is very good [ HSBC, Nomura, HDFC MF,SBI MF ].

Considering too many IPO offerings & the market response to real estate companies IPOs, I expect Nitesh to offer shares at lower price band.

The listing is expected around Rs 58-60

QIB is expected to subscribe.

Much better plays are available in mid and large cap segment in reality sector, with strong presence in cities like
`At the upper band of Rs 56, the stock is valued at a P/E and P/BV multiple of 83.4x and 1.7x respectively based on its post issue FY10 annualized EPS of Rs 0.7 and BVPS of Rs 33.7. As compared to its peers the company is steeply valued on P/E basis, which are trading in the range of 20.8x-37.5x. However, on P/BV basis, the issue is fairly priced which is in line with its peers. Nitesh Estates enjoys a strong brand presence in Bengaluru and has many ongoing/forthcoming projects; however it faces execution risks and geographical risks

Mumbai, Delhi, NCR and Bengaluru. Some of them are DB Realty, HDIL, Ansal, Brigade, Peninsula, etc. So, the proposed IPO is made to tide over present financial crisis and in spite of keeping band of Rs 54-56 a share, it is still looking grossly over-priced, which should not have been more than Rs 30 a share. Hence, a clear advice is to avoid it.

The company's enterprise value per million sq ft on the saleable area under construction and forthcoming/ pipeline is Rs.36.

For investors, the stock is expensive & they must stay away from it. However, traders can risk their money.

I think it is better to invest in Nitesh IPO. It may give 10% listing gains.

Should I invest in Nitesh? If not which one do you think should be profitable to invest?

As per say Mr. Tulsian Better price of this IPO is rs. 35 to 40.So complete avoid this IPO.

this ipo will list with 50% discount


thanks

There is absolutely nothing interesting in Nitesh Est. IPO except for the smiling busty lady in the TV Commercials.

56 SREEDHAR thanks for your kind words.i am in two minds about applying in any of the current ipos as it seems that not much is left on the table by the greedy investment managers n companies.even tara which appeared a good bet because of unique product i hv heard is pricing its ipo around 180-190 which is expensive.
only glenmark seems a sure shot bet based on its long term prospects n for others wait for last day figures.

i am also stuck with intrasoft as it seems that facebook is giving serous competition to all e greeting companies.

meanwhile in secondary there are some good picks .iff interested let me know.

SahranpuriJi,You have not given the final selection of IPOs you are applying for?Your valuable advice is needed for all the boarders bcos you are the most successfull IPO investor in our board but go unrecognised like India's most valuable player Rahul Dravid.You have made maximum full applications in Cox & REC & reaped the dividends & have been successfull in all IPOs.
So your advice is needed for all of us so that people will not burn their fingers by applying in all & sundry IPOs.

@ 47. GEM IPO FINDER

Why are you misleading people?
And for sure, you are not the original GIF...

Listen man, you wont get anything except bad wishes from people if you continue to loot them like this.
This company sucks man, not just due to huge valuation gap but also bcoz its into construction which is very very bad investment in these times.

Other people on this board, plz dont apply for this IPO, in fact, dont buy any construction share from the secondary mkt too

could i buy this stock?

SahranpuriJi,have you ticked off Nitesh estates ?

Avoid this IPO. These people are rookies and under tremendous pressure to pay their debt.Made up value.

It has become a fashion for companies now. First just announce we are making issue at 4X. And then say due to market conditions we are making at 2X. Where in actual valuation is X.
If they are giving at that much huge discount why do they need green shoe option? They are just making fools out of the investors.

is it true tht the co. has taken away recently the reserves of the co. in the form of bonus in the ratio of 9:1 i.e 9 shares for every one share held.

whats the premium for mandana ind nitesh and talwarkar yaroon??