Thyrocare Techno :- The premiums were at Rs420/466 but came down to 180/185 but after good response to the issue it has touched 220/225. Minimum application rates also touched Rs1300/1350 but came down to 800/850 after the issue getting 73 times subscription. Premiums could be highly volatile on listing.
Ujjivan Fin :- As Thyrocare subscription has been closed, now the market players have turned to Ujjivan. It may repeat history of Equitas Holdings as the premiums crumbled to 30/32 but have bounced back to 45/48. The application rates have come down from 1200/1300 to 850/ 900
Parag Milk Foods :- It is lacking fancy as investors are interested in Thyrocare and Ujjivan. The preimums have come down to 25/27 from 40/42. The application rates have also come down to 550/600 from 1050/1100. It may get response once Ujjivan''s issue is closed.
All please note that the parag milk foods which owns the brand Govardhan and Go cheese in based in Manchar and Mumbai. The promoters are Devender Shah, Pritam Shah . Request you to please visit the official site www.paragmilkfoods.com .Thank you
I am new to this forum. I am a long term investor , can anybody please share the link of the forum wherein we can have discussion regarding shares which are already listed and are good to buy or sell
1. i have taken opinion from my pune and mumbai based our relative that product are not such popular as well as not up to the mark.
2. in last one or two year they are making purely advertisement for IPO purpose. they comes in forbes magazine. please search on google.
3. most importantly yesterday i have seen a news on FTA agreement with EU. as per Amitabh Kant a top modi government industrial secretary .
India needs to seal FTA with EU even on compromise: Niti Aayog CEO Amitabh Kant
Highlighting significance of apparel exports in job creation, Niti Aayog CEO Amitabh Kant said: "It is better to compromise on wine and cheese and on large vehicles to push for our apparel exports with Europe so that we can penetrate these global markets because this is one sector which will enable us to create large-scale jobs."
parag major business is cheese which very hard suffering if ban is lifted.
4. currently back to back three ipo equitas, thyrocare and ujjivan all ipo very good. many investor trap easily in this mood. so that motialal oswal and IDFC pe think thyrocare ipo fund release on 5th of may that day fund comes in bank. many person can easily apply to parag ipo.
AS PER MY SUGGESTION IF SOMEBODY WANT TO APPLY PARAG MILK. 1. PLEASE APPLY ONLY ONE OR TWO APPLICATION. 2. IN NEXT 10 TO 15 DAYS MAY BE MARKET DOWN AT THE TIME LISTING OF PARAG DUE TO BANKING SHARES RESULT ARE NOT COMES VERY GOOD. ALREADY GOOD RESULTS COMES IN APRIL.
130. Eagleye| Link| Bookmark|
April 30, 2016 12:55:35 PM
IPO Guru (6600+ Posts, 21900+ Likes)
PARAG IPO
Merchant Banker is Motilal Oswal Financial Services ... plese see their track record before taking your decision to invest in Parag ...
Plz provide list of ipo manage by motilal oswal...... Thanks......
130.2. Eagleye| Link| Bookmark|
April 30, 2016 8:34:58 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Parag Milk Foods S.P. Apparels Nihilent Technologies Numero Uno Clothing Pennar Engineered Building Systems Power Mech Projects Plastene India Tree House Education & Accessories Galaxy Surfactants Ashoka Buildcon Ind-Barath Power Infra Jindal Power MBL Infrastructures Pipavav Shipyard Resurgere Mines & Minerals
For more you visit ... http://www.motilaloswalgroup.com/Our-Businesses/Investment-Banking/Transactions
looking at these data the difference is only 10% so with so less upside better to sit on sideline and wait for some correction before entering. I AM NOT APPLYING FOR THIS IPO
128.1. Eagleye| Link| Bookmark|
April 30, 2016 10:25:58 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Same here ... After understanding your data ... I AM also NOT APPLYING !!!
128.2. Septa| Link| Bookmark|
April 30, 2016 10:29:56 AM
(4000+ Posts, 4600+ Likes)
Eagleye any idea what is kostak on parag thank u in advance
128.3. Eagleye| Link| Bookmark|
April 30, 2016 11:19:50 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Kostak bhav is 500 ... but no trades ... only bhav
128.4. Septa| Link| Bookmark|
April 30, 2016 11:29:04 AM
(4000+ Posts, 4600+ Likes)
THANK U
128.5. Eagleye| Link| Bookmark|
April 30, 2016 11:43:21 AM
IPO Guru (6600+ Posts, 21900+ Likes)
It is said that Grey Market Buyers are usually the smarter market players ... and If there is no demand in grey ... then it maybe not the right decision to invest in this IPO ... that''s my Conclusion
128.6. Septa| Link| Bookmark|
April 30, 2016 11:44:34 AM
(4000+ Posts, 4600+ Likes)
Parag is an integrated dairy company with presence in over twenty product categories straddling across the value chain through its brands - Gowardhan, Go, Pride of Cows and Topp Up. The company earns two-thirds of its revenues from selling high margin products like cheese, ghee, UHT milk, paneer, flavoured milk and whey protein among others. While the company''s products are sold nationally, over half of its revenues are earned from western India. Vertical integration, exclusive use of cow milk, reducing dependence on the low margin businesses of liquid milk & skimmed milk powder and sustained focus on branding and innovation are the key business differentiators.
Parag''s consolidated revenues and operating profit have little over doubled to Rs 1438.7 crore and Rs 108 crore respectively in the five years ended FY15. The operating margin, which has remained fairly stagnant at 7.5%, is likely to improve in the quarters ahead - thanks to new players like ITC and M&M. This implies increase in its spend on advertising that currently stands at 2.5% of the revenues.
The issue values Parag at 44 times of its FY16 annualised earning per share of Rs 5.12 per share. The company''s valuation of Rs 2000 crore also stands at 1.2 times of its annualised revenues for FY16. These valuations are fair when compared to its larger listed peer Hatsun Agro Products which is trading at a PE of 57 and at a market cap of 1.5 times its trailing four quarters revenues. Retail investors can consider investing in the issue to partake in the growth of the dairy industry - thanks to the addition of new corporate players and increase in per capita consumption of dairy products.
With Russia agreeing to import cheese from India after relaxing conditions, private dairy players in India have an ocean of opportunity to sell cheese in the Russian market. According to industry players, opening of cheese exports would boost cheese production in India and also fetch better prices for milk.
It is learn that the Union Commerce Ministry has finalized the proposed protocol drafted by Russia and signed the same.
“Russia’s annual cheese demand is estimated at 200,000 tonnes. After the signing of the draft protocol by the Center, cheese exports to Russia can start anytime,†said Devendra Shah, Chairman of Pune-based Parag Milk Foods.
Shah believed that in order to meet the growing need for making cheese, demand for milk will also rise. Notably, India’s largest milk cooperative, the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), had earlier expressed a possibility of price rise in liquid milk in the near future. The price rise is mainly attributed to the rising input costs for farmers.
The opening of exports to Russia is also expected to lift the international cheese prices, which currently rule in the range of $3,000-3,200 per tonne. Currently, only 60,000-70,000 tonnes of cheese are exported through the official channel to Russia, informed Parag Milk officials.
India’s total cheese capacity is estimated at 32,000 tonnes per annum. Parag Milk Foods has about 40 tonnes per day or about 14,000 tonnes per annum of installed cheese capacity.
128.12. SONMAYA| Link| Bookmark|
April 30, 2016 2:13:21 PM
IPO Guru (1300+ Posts, 500+ Likes)
Hasija i have already said the russian business is not lucrative given international price of cheese is at all time low at 3000 per ton when local sale parag can get double the price.
With indian government opening for free trade with EU and other big cheese producing nation big and real big cheese players will hit the market bcoz india is good source for cheap milk and also big quantity so parag will have not of competition.
milk revolution will get really big with international player so IMO parag IPO can be given a miss why it could list at premium but fundamental it is not a good issue THIS SECTOR IMO IS NOT BIG 2% IS NP MARGIN WHY WOULD I BET ON SUCH LOW MARGIN SECTOR BETTER OPTION AVAILABLE IN FUTURE
Hasija agree with u 100% on SONMAYA. Always useless comments n that too with so many dots in between every word of a sentence. Wonder how much time she has to waste writing such a sentence. Hope she does something worthwhile too.
128.17. SONMAYA| Link| Bookmark|
April 30, 2016 8:43:06 PM
IPO Guru (1300+ Posts, 500+ Likes)
Sonmaya why do u want someone to defend u. Have guts to stand for urself. I fully understandwhat u mean. I have said what I had to. Stop typing in Morse code.
127. Eagleye| Link| Bookmark|
April 30, 2016 9:36:57 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Thyrocare GMP 219-222
127.1. Arup| Link| Bookmark|
April 30, 2016 9:45:09 AM
(900+ Posts, 300+ Likes)
More buyers?
126. Eagleye| Link| Bookmark|
April 30, 2016 9:36:45 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Parag GMP - No Trades .... Totally Thanda !!!
126.1. Viraj| Link| Bookmark|
April 30, 2016 11:28:22 AM
IPO Mentor (900+ Posts, 1100+ Likes)
I think activity strat tuesday after ujjivan ipo..
126.2. Eagleye| Link| Bookmark|
April 30, 2016 11:47:46 AM
IPO Guru (6600+ Posts, 21900+ Likes)
In Ujjivan ... grey activity was going on even before closing of Thyrocare IPO ... so why in Parag activity will start only after closure of Ujjivan IPO ?
Firstly there is no USFDA issues, you can check in USFDA web, no 483 in last audit
The issue is with german bFarma of first gemany and recently MHRA.
The bFarma audited before IPO but findings came after IPO.
The 1 finding is same of bFarma given by MHRA.
But findings are not of serious critical issues that shows managements intension for it, it was only small short custs which caught by auditors, there is no any fundentals quality issues, which is already corrected by company.
But it seems some big players with wasted interest with paid media to get the shares at much discounted price are not leaving it.
Even people who are giving target buying price might have started accumulation.
But I know if Alkem management decides to not do it''s regulated business it wil not impact any thing.
They have robust products in domestic pipeline.
125.1. Septa| Link| Bookmark|
April 30, 2016 9:52:18 AM
(4000+ Posts, 4600+ Likes)
nice observation
125.2. Arup| Link| Bookmark|
April 30, 2016 10:04:30 AM
(900+ Posts, 300+ Likes)
septaji--at what pe ratio the shares r offered?how much book value per share?how much gmp and application form value?how much retail quota and chances of allotment?
i have not looked into the nitty gritty as i am not going to apply in this IPO given SEBI had question mark about it balance sheet. Given this is corporate governance issue as mention before i will not apply. But given only 10% reserved for RII the issue will get good response and may list on premium however i am not happy with its balance sheet and have my reservation. So as i informed earlier i am not applying this IPO.
123. Eagleye| Link| Bookmark|
April 29, 2016 6:31:33 PM
IPO Guru (6600+ Posts, 21900+ Likes)
I have taken a decision ... I will not be applying in PARAG...
instead, I will use all my resources and apply in Ujjivan with maximum applications !!!
1. Why ALKEM LABORATORIES is going down day by day 2. Is it absolutely safe to buy it at this levels 3. Can it go below 800 as well 4. Before this decline I was expecting it Rs 2000 with in 2 years
Septa sir what is FDA. I think you already hold it.....
122.5. Chem cho| Link| Bookmark|
April 29, 2016 8:36:31 PM
IPO Guru (2500+ Posts, 2700+ Likes)
SOME one is selling ALKEM HOLDING PERIOD OF 3MONTHS IS OVER LISTING DATE 23/12/15
AT IPO PRICE OF RS 1050 AND LISTING PRICE OF APPROX RS 1400 AN good buy at rs 850 less listing profit 350 per share comes to rs 500
it is long term buy at rs 850 rs 900 for those who booked profit at rs 1350 to rs 1400 views expressed at noting to do with this share as on today i donot hold this share i sold it at rs 1400 to rs 1390
Entire pharma sector is under hangover mood due to USFDA warnings. But it is momentum and it will last after US presidential Election. These USFDA warning hv strong correlation with us Presidential campaign. Over d long run , pharma is safest bet under indian economy. Regarding Alkem, one should appreciate that , they hv 75%+ revenues from India only and they would not be much impacted by these warnings. However Alkem is professionally managed company and will act accordingly for removing causes for USFDA and regulatory warnings.
April 06, 2015 CARE SUSPENDS THE RATING ASSIGNED TO THE BANK FACILITIES OF PARAG MILK FOODS PRIVATE LIMITED CARE has suspended, with immediate effect, the ratings assigned to the bank facilities of Parag Milk Foods Private Limited. The ratings have been suspended as the company has not furnished the information required by CARE for monitoring of the ratings.
120.1. Eagleye| Link| Bookmark|
April 29, 2016 1:21:08 PM
IPO Guru (6600+ Posts, 21900+ Likes)
if it is dated as 06th April ... then it is stale news ... of no value ... as it will be already factored in
Total Bank Loan Facilities Rated Rs.3700 Million Long Term Rating Suspended (Refer to Annexure 1 for Facility-wise details)
CRISIL has suspended its ratings on the bank facilities of Parag Milk Foods Pvt Ltd (Parag Milk; part of the Parag Milk group). The suspension of ratings is on account of non-cooperation by Parag Milk with CRISIL''s efforts to undertake a review of the ratings outstanding. Despite repeated requests by CRISIL, Parag Milk is yet to provide adequate information to enable CRISIL to assess Parag Milk''s ability to service its debt. The suspension reflects CRISIL''s inability to maintain a valid rating in the absence of adequate information. CRISIL considers information availability risk as a key credit factor in its rating process and non-sharing of information as a first signal of possible credit distress, as outlined in its criteria ''Information Availability Risk in Credit Ratings''
About the Group For arriving at its rating, CRISIL has combined the business and financial risk profiles of Parag Milk and its wholly owned subsidiary, Bhagyalaxmi Dairy Farms Pvt Ltd (Bhagyalaxmi), together referred to as the Parag Milk group. This is because the two companies are in the same line of business and have strong business linkages.
Parag Milk was incorporated in 1992 as Parag Milk & Milk Products Pvt Ltd, promoted by members of the Shah family, who have been in the dairy business for more than 15 years. The name of the company was changed to the present on in 2008. Parag Milk, based in ManPune, Maharashtra), has milk processing capacity of around 12 million litres per day. The company''s plant utilises cow milk to produce various value-added products such as processed cheese, skimmed milk powder, ghee, and butter. It has received Rs.550 million from the Motilal Oswal group and Rs.750 million from IDFC PE against zero per cent compulsorily convertible debentures with a put option.