Parag Milk Foods Ltd IPO Message Board (Page 23)

planning for one lot, but will depend on QIB subscription at 1pm..

Applied 2 in thyrocare got nothing, I think i should apply in Parag where u can get allotment

subscription will not cross 60% on final day. IPO may be withdrawn.

: Peer valuation (FY15)
FY11-15 Sales CAGR EBITDA margin P/E Mcap/Sales EV/EBITDA RoE RoCE
Parag Milk Foods 21.6% 7.5% 73.1 1.3 21.5 21.1% 11.7%
Heritage Foods 17.3% 4.0% 26.7 0.6 15.7 14.7% 16.2%
Hatsun Agro 21.3% 6.8% 125.0 1.7 27.2 17.7% NA
Prabhat Dairy 36.7% 10.2% 37.1 1.1 14.3 6.2% 9.5%

If you remember, Prabhat Dairy IPO''s band was Rs 140-Rs 147, after which they slashed it Rs 115-Rs 126 and the book was discovered at Rs 115, after offering a Rs 5 discount to retail. Even after six months, we are not seeing investors making any money, even after the discount. Companies have to leave something on the table. You cannot price midcap companies at PE multiple of 30 plus or maybe 32 and 33.

Nigel: You are talking about Kwality, valuation wise it appears the cheapest. Would you advice investors who want to get into this space to go in for Kwality?

Tulsian: On the valuation parameter, Kwality looks cheapest at 17 PE multiple but my preference will be more for Chandrababu Naidu-founded Heritage post their recent reorganisation and expansion in other southern regions. So maybe Heritage followed by Kwality.


Read more at: http://www.moneycontrol.com/news/ipo-issues-open/parag-milk-foods-ipo-the-bullbear-cases_6540521.html?utm_source=ref_article

If GANESHA give 1 allotment option btw TTL N UJJIVAN,then ttl is my choice.

I think ujjivan will also give handsome returns.

Parag GMP Rs.3/- (only sellers; no buyers)

gpm 1 buyer

I received an SMS saying parag has revised price to 215-227 and extended till may 11... where has the price been revised ?

http://www.moneycontrol.com/news/ipo-issues-open/parag-milk-foods-ipo-the-bullbear-cases_6540521.html


AVOID this IPO

Yes , even BL recommends avoiding the issue as it is very steeply priced compared to peers like heritage foods. will be surpised if the FIIs come in a big way.

Septa Ji,

Big regards to you from a regular follower. Your guidance is very helpful as your analysis are based on logic rather than emotions. You also warn about Risky investment and than leave decision to individual.

I am New to Market and based out of NCR. Wish and Hope to learn from you more and more. :-)

Also, do you have interest only in IPOs or also Secondary Market? Where else can I follow you for that? Thank You.

Warm Regards

Bharat Bhatia

Market rumours:

Promoters of Parag are very actively supporting the GMP ... that is why it is not going in negative ... Caveat Emptor ! ... Buyers Beware !!!

It looks like this because after watching employee portion nearly subscribed on 2nd day only, may be promotors are backing up. Have you seen any previous case in recent times where overall demand is not great compared with other ipos but employees demand is comparatively good and listed at good rate and gave + return?

Promoter have sold a big chuck in this IPO have another chuck pledged. With regards to employee subscription could be force or incentive induce buy.
Big AVOID

Average cost of Acquisition of equity shares to the promoters is only Rs. 1.00 & selling share holders is in the range of Rs. 3 to 109.

Book value is Rs. 42 & Offer price Rs. 220 to 227

Company has issued shares in the ratio of 1:1 in 2009 and 2:1 in may 2015

This issue has just 10% quota for the retail investors.

55.17% of the promoters holding are pledged

It has to face sharp competition from Patanjali

Net Profit was down in 2014

Negative cash flow in past years

RONW has gone down in 9 Month FY16

Note : Asking price is at a P/E of 44 plus at the higher price band. P/BV comes out at ratio of 5.55x

Don''t apply to this IPO.. Promoters ko maja chakhavo.

Beware....it is better to avoid some ipo''s which seems risky....then burning hands. Parag dairy may give some return but if you caught in wrong side then it will have a deep hole in your pocket.

reasons:-

Valutions are very steep as compared to its pears like kwality dairy, prabhat dairy.

corporate governance issue is also big. thats why sebi has directed it to go for only 10% allotment for retail.

profit margin is also very low. nearly 2-3%.

Market is also in consolidation mood. After 3 good ipo''s- equitas,thyrocare and ujjivan. Market is in a pause mood.
So just the company is providing 12 rs discount or not lucky in getting earlier ipo''s is the only reason to subsricbe parag ipo.

Better avoid than playing risky bet.

corporate governance issue is also big. thats why sebi has directed to it to go for only 10% allotment for retail.

profit margin is also very low. nearly 2-3%.

Market is also in consolidation mood. After 3 good ipo''s- equitas,thyrocare and ujjain

Parag Milk Foods Ltd.,- 2nd Day Sub Fig., @ 5 P.M.:
QIB* - 00.13×
HNI - 00.22×
RET - 00.50×
EMP - 00.73×
TOTAL - 00.23×
FORMS - 16916
*EXCLUDING ANCHOR

I am NOT applying in this IPO ... and therefore I am not tracking the developments as closely ... and as such I cannot make any estimates .. hence, I would not want to mislead you by making any wild guesses.

Ok Cool.. Thanks.

I heard that lots of non-tech guys are subscribe this IPO because of the subscribe ratings given by all the brokers.. they are just sit on the TV and watch CNBC only

AVOID!

Eagleye ji,plz post parag subscription figure

Today''s Sub Fig., @ 5 P.M.:
QIB* - 00.13×
HNI - 00.22×
RET - 00.50×
EMP - 00.73×
TOTAL - 00.23×
FORMS - 16916
*EXCLUDING ANCHOR

Eagleye ji,plz post parag subscription figure

All money has been invested in Thiro and Ujjawan IPO

ab Parag kiya kary

Is this ipo worth investing??? Can we get listing gains in this Ipo. I m planning to apply in 5 accounts. So plz guide whether to invest or not?????

if price band was rs 150 then its good ipo

Can any one knows what is the kostak price..?

parag - GMP 8 rs./-