Parsvnath Developers Limited IPO Message Board (Page 5)

PLEASE SEND ME ALLOTMENT DETAIL OF PARSHWANATH DEVELOPER LTD
AS APPLICATION BELOW
APPLICATION NO:-22237044 MR. RAJENDRA G. CHATWNAI
APPLICATION NO:-22237097 MRS.VEENA R. CHATWANI
APPLICATION NO:-72347818 MR. BHARGAV A. CHATWANI
APPLICATION NO:-12300819 MR. PARAS I. MEHTA

Today MOSTLY Parsvanth IPO will be allotted, Not sure about the ratio

When the allotment of Parsvnath is coming and what is the ration?

WHEN IS IPO STATUS OF PARSVNATH DEVELOPERS LTD & SHOBA DEVELOPERS COMING.??

PL. LET ME KNOW EXACT DATE PLEASE.

allotment ratio of parsvbath developers ltd

When can we know the IPO allotment status of parsvnath & Lanco?

Parsvanath will list between 23rd and 27th NOv

when parswanath ipo is going to be alloted
let me know

When Parsvnath IPO will list???? any news or guess .....

Please consider the small individual investors while allocating the no. of. shares. Bcoz i had a very big exp with DCB i applied for 500 nos but ididnt get even a single share..I had wasted my interest for over 1 mth.

it may be list at 100 rs/- up then issue price....

Parsvnath Developers Ltd. (PDL) - Bid Status as on 10-Nov-2006 19:00:00 IST

Total Issue Size 33238000
Total Bids Received 1903643180
Total Bids Received at Cut-off Price 87448320
<b>No. of times issue is subscribed 57.27</b>

The issue has been subscribed 28.32 times as per the NSE website.

Parsvnath Developers Ltd. (PDL) - Bid Status as on 09-Nov-2006 17:00:00 IST

Total Issue Size 33238000
Total Bids Received 431833100
Total Bids Received at Cut-off Price 17079180
No. of times issue is subscribed 12.99

Issue Over subscribed by 6.81 as of Nov 08, 2006

Capital Market Rating:

Parsvnath Developers Ltd & Lanco Infratech Ltd IPO

Rating = 45

45 is among the highest rating given to IPO’s by Capital Market. Last time this rating was given to Atlanta Ltd and Action Construction Equipments Ltd and both are doing great.

They also gave 45 rating to Global Vectra Helicorp Ltd which is doing not so good.

Friends... MoneyControl gave 4.75 Stars (out of 5 Stars) to this IPO.

Looks like a great IPO….don’t miss it.

I remember few days back they gave similar rating to DCB and it gave almost 100% return.

Upbeats:

1. Opportunities in the construction sector

The boom in the Indian economy is fuelling a massive demand for housing, transportation, water supply, sanitation and commercial facilities such as shopping malls and hotels. The growth in the IT/ITES sector is expected to translate into substantially higher demand for office space, adding to the overall investment in constructions activities. The boom in the retailing industry will act as a major growth driver for the construction industry. Over the next five years, the construction sector is expected to attract investments worth over Rs 11,200 crore.


2. Diversified business model

The company has a number of diverse projects in 37 cities and 13 states of India and are not restricted to any one segment or geographical region of the market. Commercial buildings, malls and multiplexes are customized to cater to the demographics of the specific locality. Further, residential complexes are directed at both the high income and the economy segment.


3. Timely and cost efficient completion of projects

The company has evolved a project monitoring system, which helps it ensure disciplined completion of projects. Its track record for timely completion has given confidence which is reflected in agreements with customers which incorporates a clause stating that it will deliver possession to customer at the stipulated time or else pay a penalty linked to the period of the delay based on the committed period of completion.


4. Transparent system of procuring materials

The company has established a transparent and efficient system for procuring best quality of materials at reasonable prices. It maintain a "just-in-time" inventory to reduce storage costs and thereby ensure the flexibility to take advantage of changes in market conditions for materials required by company.


Downbeats:

1. Fluctuations in market conditions may affect the company's ability to sell properties at expected prices, which could adversely affect revenues and earnings.

2. Work stoppages and other labor problems could adversely affect its business.

3. Some of the projects are still in the preliminary stages of planning

4. Some of the agreements may be inadequately stamped and some of immovable properties may have certain irregularities in title, as a result of which operations may be impaired.

5. The company currently benefits from certain tax benefits under the provisions of the IT Act, which if withdrawn, may adversely affect financial condition and results of operations.

6. Restrictions on foreign direct investment in the real estate development sector may hamper its ability to raise additional capital.


Company Financials:

Revenues increased from Rs 27.29 crore in FY02 to Rs. 65.37 crore in FY06, at a CAGR of 121.23%. During the same period, profit after tax has grown at a CAGR of 138.67% from Rs 3.29 crore to Rs 106.98 crore. For the quarter ended June 30, 2006, revenues amounted to Rs 249.01 crore and profit after tax was Rs 36.54 crore. RoNW was 48.73%, 64.65%, 53.19% during FY04, FY05 and FY06 respectively.


Company Valuations:

At the offer price band, the company discounts its FY06 earnings (EPS 7.21) 34.67x at the lower band and 41.60x at the upper band. We expect the company to display strong growth in earnings on the back of strong infrastructure spending by the government and private sector. The offer looks attractive compared to peer group companies like DS Kulkarni (RoNW: 18%), Mahindra Gesco (5.80%) and Unitech (18.40%). Investors should subscribe to the issue.

This IPO may be Oversubscribed 20 Times at closing..

The price is little high,but I believe it may yield 10% profit on listing