Parag Milk Foods Ltd IPO Message Board (Page 14)

First let us see if anything gets allotted & when ....maybe by 17th May 16 ....!

Hazarding a guess on listing price. If we take 215 as base price then it should list at 190/195. If base price is 227 then expect listing at 200/205. If it so happens as predicted then expect stock to reach 180 in both cases.So let''s see. All the best who have applied.

Lets see.

It may start gap down.

The subscription is over now. Let''s see if it lists at premium or a discount.

Will list at a premium of Rs 20 on 20th .....

Will list around 20th May ....I suppose ....!

Equity Masters Sarcastic comments on this IPO:

Forget Leaving Something on the Table...These Promoters Are Taking the Table Too!

PMFL''s (hilarious) issue extension
The scary dairy industry
The stability of large caps
A high profile IPO hit the market last week - Parag Milk Foods Limited (PMFL), the makers of milk and dairy products sold under the GO and Gowardhan brands. Given their recent aggressive marketing efforts, we were excited when news of this IPO broke out. One colleague had been following PMFL and waiting for its IPO for a long time.

That the investor community shared his excitement was evident at PMFL''s IPO meet a few weeks ago at the majestic Taj Mahal Palace Colaba. The room was overflowing with analysts - with no seats empty. The aisles were filled with people who ended up standing throughout the meet.

But all that excitement just went pop (at least for us) when the financials were discussed. Especially considering the valuations the company was asking for.

Well...not the company entirely: 60% of the issue size goes to exiting investors, including some high profile private-equity funds and individuals from the promoter family. In short, these funds do not go to the company.

The issue was to close last Friday. But, while it was oversubscribed 1.32x overall, turns out the institutional portion (75% of the issue size) was subscribed only 55%. So, the company extended the issue and offered a discount - a mind boggling 2% - to the lower price band.

Even more hilarious was the reason the management gave for the extension:

The Issue closure date has been extended by three working days to accommodate pending demand from certain international and domestic investors against the backdrop of volatile stock markets in the week of May 2-6, 2016.
We''re not kidding.

The Scary Dairy Industry...

Going through the offer document and learning more about the dairy industry has reinforced the idea that superficial decisions in investing are a bad idea.

No doubt, the marketing efforts of PMFL have been laudable. They have made a name for themselves. The problem is they operate in a very tough industry; with the largest of players having sub-par numbers.

The opportunities in the Indian dairy space are massive - given the organised market''s share is small. But the quality of earnings - and the medium-term expectations for them - is not encouraging at all, especially for a company with strong and well-known brands.

The nature of the industry makes (and will continue to make) it difficult for the players to really prosper. The lack of pricing power, the very high competition, and the working capital requirements are just a few of the unfavourable dynamics.

Pavan Sir, Nice summary details. But simply talking about listing gains i agree with some other people on forum that it will give better returns compared to recently listed Ujjivan . i am considering Rs 12 discount for ratailer which is @ 5% on 227. also if it manages to list at 5% appreciation and considering allotment to people , overall it will make more money

@milind i think mostly apply at price bid 215 and after disc. they will get it 203 so if it''s list at 227 ( at uper band ) they will get 24 bugs.

Total Issue Size      1,95,06,590
Total Bids Received      3,56,91,955
Total Bids Received at Cut-off Price      65,02,210 ( only 1/3 at cut - off )
No. of times issue is subscribed      1.83
Graph Logic

Thyrocare and ujjivan se acha return dega
Simple logic pubic does not expect more from this ipo and does not applied for it

I hope you have not applied in this IPO. If you did, I wish you goodluck!!

Apply nahin kiya .... koi baat nahin....
Buy on listing ......!

Is Crompton Greaves Engineers listing todays. Reply if anyone know

Nifty is heading for 8300 ..... what fall ....?

What''s the allotment date for Parag??

@near around 8000, sharp fall of 600 points expected. Better to cover all position including newly listed ipo. They will be available near or under listed price.

Note : dont make any new position. Dont long. Better be cautious or do short

Khaane-peene ke dhande mein kabhi risk nahin ho sakta , Dr .....!

agree...

Logo ne Ujjain or TTL mai paisa dubaya hai meri manlo logic wali bat ye buy karo sure kamao gai ismai emply ne bhi more than 1times bhara hai isliye ye 30% dega

You have a point , sir ....!

Shows never follow the Mob ..... walk alone ....!

seems very risky

Mahan ji .... aapke moohn mein ghee-shakkar ......!

Some brokers are telling that Parag will give more than Ujjivan.

Yup agree

If some apply 6 lot in Ujjvan he got 2 lot nd earn approx 2800 @ opening price

In parag he will get 3 min so he will earn 4500

It seems quite possible now....!

Lottery 1500 + rii will earn

when is allotment and listing date