My initial observation is that it''s a bit overpriced but I feel it''s a tad better in financial standings. I might subscribe to this company. Risky especially given the secondary market sentiments but can be bet looking at the thrust for Infrastructure by ruling party. Don''t expect a VRL kind of subsciption but but 10+ times should be expected in QIB & NII category with 20%+ listing gains.
Note: This is an initial observation and I am yet to read the complete DRHP, which may change my stance. I would advise people to see the quality names in Anchors and Bids from QIB & NII before subscribing.
NC what''s ur take on internal transaction between group company I for one do not like becait leads to to easy route to devert and under value revenue just want to make it clear in case of pnc it could be real and no hanky pinky business. Also what''s ur take developer arm negative media news with project delays to many home buyers in there building project
As already commented by many wise investors here, most of the infra companies except few are in high debts and their market prices is eroded for example Gammon India and Punj Llyod who were leaders in infra and construction and they are available for only few bucks. So why PNC is greedy to have such a huge premium. Such stocks may get some profit on listing but later may go below Rs.100/-
I am sitting on fence on this like the company but risk is huge for a small gain given the nature of infra company.... Also order in book is large and the same time risk of project stopping is high given the nature of business. With land bill not moving in Assembly will impact hugely on it macros...... This stop is gamble risky and could list on discount given its steep vaulation.... As of know it is AVOID for me.... Will make the final judgement on the last day..... However many good iPod will hit the market soon. Third biggest hospital group some good insurance company bio medical and then few e commerce business.
Let all of us have some Perfect knowledge about investing.
We all will invest on this share with whole heart and not to think anything, and thus there will be more bids and times of IPO subscription will also increase.
But since the profit of this co. is getting decreased from past year, you ppl. may think the company may get into liquidation after some years.
Since this co. has many branches, it is hard to get into liquidated.
This company will make good profits in the coming years.
And this is just an assumption, kindly research by self and invest on the ipo.
nothing great abt Pnc infra-tech after reading the red herring looks like this is third attempt Eps 15 PE of 25. Very high for infra company even L & T only has PE of just 25 for just big blue chip company rest infra stock average is approx 13. Some infra company PE Simplex (11.2) NCC(19.4) HCC(10) MBL(12.13) JP(7.4) MBL(12.13) J Kumar(15.6) KNE(10.83) Fair Price IMO is around 150-225 only IMO
PNC Infratech IPO for be avoid Very high price.EPS is 15.P/E at 378 is 25.2 which only L&T is commanding
I am more conservative investor as u said pricey and fundamental any investment with 80 PE is just insane. I am happy to buy 10 share L&T then 40 shares of pnc
Infrastructure companies are not meant to be held long term. Read how super investors created wealth from mostly as-light businesses. They suffer a lot in the cyclical downturns and may go belly up. That''s why if you want subscribe only for listing gains.