Nitin Fire Protection Industries Ltd IPO Message Board (Page 7)

HI TANU
WHAT CAN YOU SAY ABOUT IPO KING WHO FEELS THE STOCK IS ALREADY PRICED AT A HIGH P/E. LOL.

anand please hide ur face today because u will be proved wrong.

Lots of firework today & tommorrow, one can sell after two days ,when share settles down , my guess around 450, than after a month should start climbing again.

Lots of firework today & tommorrow, one can sell after two days ,when share settles down , my guess around 450, than after a month should start climbing again.

i totally agree with tanushree that this ipo is a multibagger in long term and it will list at 350 and then if nothing goes wrong with market then it can easily sail above 450 today itself, in case ot touches 600 one can offload this stock but no doubt about spectecular fireworks on its listing. so those who got allotment .....wait till 500 levels each to touch those levels...

MY PREDICTION IS IT WILL NEVER LIST OR GO BELOW 375.

Hey IPO Beggar don't you compare it with Everest Kanto its nearest competitor. If you are any good at maths the price comes out to be 519. Anyway y don't you see Mic Electronics. This one is more oversubscribed than Mic Electronics doesn't look so because of the 5% reservation for employees which was subscribed only 1.11 times.

nitin to list at 300+ tommorow and will go higher and higher after listing..

yes anand i am ready to buy as much shares as i can if i get at that price but i know its ur dream to buy at 250
because u are so hungry to buy this stock at that price which will remain ur dream only as u would not get that price.
so its matter of time only it will be proved tommorrow who is right and who is wrong.
u lost on both counts

tanushree ----are you ready to buy at rate of 250/-at 9:56 AM on 5/06/07
MARK MY WORD
Best of luck
have a dream of being millionnaire

Let me tell u why you should buy nitin from secondary market also firstly
1) The first phase of the project, with a capacity to produce 2.5 lakh CNG cylinders, has started production from this month.
2) it has picked 10% stake in consortium with petroleum giants like gail,hpcl,bpcl and also if u look at ekc which ha huge demand even now and Nitin business even more diversified than ekc fair value for this stock in 3-6 months come
to 700-800.so even buying on listing can give u short as well as long term profits.

The other business of high-pressure seamless cylinders is presently carried through wholly owned subsidiary Eurotech Corporation, which outsources the manufacture of these cylinders to China. CNG gases are transported to CNG stations through CNG cascades. The company also manufactures these cascades.

Recently, Nitin Fire Protection Industries floated another wholly owned subsidiary Nitin Cylinders to set up a manufacturing unit of high pressure seamless cylinders at the Vizag special economic zone (SEZ) primarily to cater to the export market. The company has planned a capacity of 5,00,000 units per annum at this plant, which will come up in two phases. The first phase of 2,50,000-unit capacity is scheduled to commence production in May 2007, while the second phase is scheduled for commissioning by October 2007. The total cost of this expansion is estimated at Rs 118.08 crore. The company is coming out with an initial public offer of equity shares to partially finance this expansion.

The high-pressure seamless cylinders primarily cater to the industrial, medical, fire-fighting and beverages segments. However, with the advent of CNG as an alternative eco-friendly automotive fuel, a new segment has opened up, which is growing rapidly in India as well as globally.

To further benefit from the evolving market for CNG applications, Nitin Cylinders also intends to make and sell fuel dispensers. It has entered into an MoU for technology transfer with Kraus Global Inc., Canada, and for the supply of its proprietary products in India, Bangladesh and the UAE.

Nitin Fire Protection Industries picked up a 10% stake in the consortium along with petroleum giants such as GSPC (20%), Gail (20%), HPCL (20%,), BPCL (10%), Hallworthy (10)% and Silverware (10%) for the exploration and prospecting of crude oil block RJ-ONN-2004/1, admeasuring a contract area of 4,613 sq. km, in Rajasthan. The cost of operating the oil block is estimated at about US$ 30.67 million out of which the company's share works out to US$ 3.07 million (over Rs. 13 crore).

Regarding Nitin ipo this stock is multibagger and will in no market condition open less than 280 and u will be lucky if u get at that price also as this stock will spurt up.people who will buy on listing also will make huge profits in short term. my resarch says it will open near to 300 and will spurt up with lot of buyers.in 3-6 months this stock will trade above 700.

ANAND U HAVE WRITTEN WROMG MESSAGE BEFORE ALSO I HAVE SAID I CANNOT UNDERSTAND WHAT U HAVE WRIITEN SEE UR MESSAGE BELOW U HAVE NOT WRITTEN PROPERLY
the expected date of listing NFPIL is 5/026/2007 and listing price is 250/-

Best of luck to all for tommorow listing.

tanushree -- are you sure that this ipo will provide benefit on listing day ? if someone apply with secondary market
at listing price

anand.you got one thing right so it is obevious second will be wrong see u 2moro at 10.

tanushree at on point i am right that listing date 05/06/2006 and on second point probably i will be right see the listing price on tuesday.

hi,
if it is available around 300, buy and hold for short term.

What is the expected price of NITIN FIRE listing and pls advise for how much we can purchase this

It is confirmed.
Nitin Fire will list on 05/06/07.
script code nos. is 532854.
happy listing.