Power Mech Projects Ltd IPO Message Board (Page 15)

THIS WILL KÒÒOOOOOOOOOOOOOT U.....
THIS WILL LOOOOOOOOOOOOOOOT U.....

BARBAAD KAR DEGA........

Dear Mr. M Gupta, your advices are valuable however how can application of Rs. 12800/- can BARBAAD anyone.

Dear Gaurav

If someone applies for 12800/- and suffers a loss of Rs. 2000/- on listing and may be Rs. 5000 in long run, in my opinion its a case of "Barbaad".

You have to take into consideration opportunity cost of funds, cost of efforts and mental unrest after negative listing.

I agree that Rs. 2000 is a petty amount, I think Mr. Gupta uses funny words to attract attention of innocent investors. This is his trade mark style. and, in a sense its good for us also.

He may be proved wrong also but in the recent past all his advices went absolutely correct.
so follow him on spirit.

THIS ISSUE IS NOT DESERVING THE ISSUE PRICE OF RS.620-640 AS ASK FOR. SO, DO NOT BURN YOUR FINGERS.YOU MAY WATCH THE LISTING OF SYNGENE AND THEN TAKE THE NECESSARY ACTION.

MR. VINOD JAIN JI SAMJO SYNG LISTING 310/330 HUA TO POWER MECH ME KEYA KARNA HOGA????? REPLAY IN ANE MEMBERS.

no premium for power mech.those who will apply get full allotment and loss would be around 6000 for min lot.those who got synege allotmwnt r requeted not to book profit

seems some of the brokers donot want retail investors to subcribe to the issue , but it will be subcribed more than seven times in retail alone considering the issue is small as compared to last 2 issue

10372. ZohebS Aug 8, 2015 6:51:20 PM IST Reply
See the research reports guys for Power Mech

1) Geojit BNPParibas

We recommend to �SUBSCRIBE� with a long term perspective.

2) Ajcon Global

We recommend �SUBSCRIBE� to the issue.

3) Angel Broking

Issue packs enough Power- SUBSCRIBE

4) Ambit Capital

A �credible� EPC operator - Subscribe

5) SPA securities

We recommend investors to SUBSCRIBE to the issue for long term gains.

6) Reliance -

With strong outstanding order book coupled with execution capabilities, Power Mech will continue to deliver high profitability & healthy returns over the next few years. We recommend a SUBSCRIBE to the issue.

7) ICICI -

"We recommend SUBSCRIBE to the issue for listing gains"

8) Hem Securities -

"Considering the strong client base, robust order book, efficient execution and firm fundamentals the issue looks attractively priced. Hence we recommend investor to SUBSCRIBE the issue"

Broker peddling his boss agenda avoid

generally, all brokers recommends fo almost all issues as they get brokerage when these shares are sold-whether in profit or in loss.
Besides, sometimes, on off records- a few brokerage houses and experts are paid for recommending the issue.

can we apply single lot or not?

yes, you can !

when an issue does not perform well, a cliche is fired-keep it for the long term.
If it is for long term then why to invest and lock money in the IPO ? Better to invest when this scrip starts soaring !!!

one can apply for listing gain
small ipo may give some return to only allotted lucky guys
apply only for minimum lot from maximum account

Do not apply for this ipo as in year 2014 they place it @200 and now motilal oswal is selling his stake to common public @ 600.

If u think all companies all clean in India then u r dreamworld u cannot do business in India with paying at all levels with regards to cooking books Yes it is possible

All companies cook books... Syngene... Tata, Ntpc, all Power Mech clients

What about next ipo ?

When it comes

All companies cook books ......?....

WHAT TO DO WITH THIS APPLY OR NOT...

no

ISSUE is small so forget about getting allotment , but must apply for listing gains , we are also chor only to apply for listing gains ,so why not try luck , they are trying their luck , it is also their hard earned money , no one can earn profit with out efforts

Dont apply your hard earned money in this type of lootera companies. Instead wait for good IPO. Jaipur market grey premium Rs. 400 per appl. MEP infra premium was 500. Post Ipo there was no buyer. Listed in hugh discount.
same type of bogus company. Profits inflated by increase in book debts and inventory. After IPO : Babaji ka thullu

Do not waste money by applying in such IPO.
Teach Promoters a lesson.
I mean 200 worth shares and investors bidding for 640/-
Strange to see
Economy is changing Now with new boost you will see banking insurance performaning well.
Do not waste time. This will erode your capital.
Buy companies with good fundamentals like Lupin, Grasim, Marico, Bajaj Auto, Hdfc, Adani Enterprises
Go with such companies for long you will double your investments.
Understand business model.

Avoid such issue

Applied for 2 lots.. syngene me to kuch nahi milla...

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Tagged: Power Mech IPO

This topic contains 2 replies, has 1 voice, and was last updated by Profile photo of Siddharth Siddharth 17 hours, 56 minutes ago.

Viewing 3 posts - 1 through 3 (of 3 total)
Author
Posts
August 6, 2015 at 5:50 pm #1154
Profile photo of Siddharth
Siddharth

Keymaster
Business:
“Power Mech” is power infrastructure company providing erection, testing and commissioning of boilers, turbines and generators. As a integrated player, company is also providing civil work and operation and maintenance services.

Though the whole sector is in trouble now company has healthy order book. In last four year company undertook erection work of around 33000 megawatts as against 88000 MW of total capacity addition in whole India.

Financial and Valuation:
Company’s net profit has grown at CAGR of 17 % in last three year. A healthy order book of 3,400 crore is around 2.5 times of its last year revenue. Company has also reasonable debt, which is 0.67 times to its equity.

FY 2014-15
Sales      1371 crore
Net profit      71.40 crore
ROE      20%
EPS      56.74 Rs.
Post IPO diluted EPS      48.53 Rs
PE @ price band 640 Rs.      13

With the dream of new government to supply electricity 365×24 to every village will be big booster for this company in future. I think, It is not difficult task for this government as I have seen to happened this in every village of Gujarat while Modi government.


Conclusion: Subscribe
Strong order book, health profitability ratio and cheap valuations are key points to invest in this IPO for long term.


August 7, 2015 at 6:21 am #1160
Profile photo of Siddharth
Siddharth

Keymaster
Mutual Funds are betting big on Power Mech IPO:

Out of 273 crore IPO Mutual funds will subscribe for 82 crore.
This is very positive sign for retail investor.
When MF managers are betting big on IPO, there should be potential in company or in valuation or both.

As discussed earlier, There are possibilities to re-rate whole infra sector in coming months. It is necessary to take position from now to gain advantage in coming times.

Power Mech is ideal candidate with with moderate valuation and with about 30% market share in its segment.

One should not forget the huge entry barrier in Infra sector.

The Mf investors are as below for 82 crore subscription @ 640 Rs.

DSP Blackrock
India Tiger Fund
SBI MF
L&T MF
Morgern Stanley Mauritius
HDFC MF
Tata AIG Life Insurance
IDFC MF


This reply was modified 18 hours, 50 minutes ago by Profile photo of Siddharth Siddharth.
August 7, 2015 at 7:17 am #1162
Profile photo of Siddharth
Siddharth

Keymaster
Excerpt from Interview with Mr. Kishor Babu, CMD-Power Mech

On Business:
They have order book of 2400 crore (15000 MW), which can be completed in next 3 years.

On IPO money:
50 % is offer for sale from existing investor and
50 % is from promoter. Promoter will get around 135 crore and will this money for working capital and to repayment of long term debt.

On debt and working capital:
Company is doing core job work for power plant so working capital cycle of 60 days is huge positive for company.
In future they will maintain Debt half of the equity, which is positive for investor.

Exit of Motilal Fund:
They have to exit becaof their investment horizon is over. They invested at 200 crore market cap and 10 PE and they are exiting at 800 crore market cap at 10 PE.
From 200 crore to 800 crore value is created from company.

Author
Posts

If everything is so goody goody then y company has allocated shares at 200 rs in 2014 is valuation has changed 3 times in mererly 1 years.wait after post listing it will trade at 250 rs in 7 days post listing.those who are willing to burnt there fingers can touch this hot ipo pan

At atul
Those shares issued at 200 were convertible debentures

First read then post

Subscribe or not ?

One can AVOID this issue... However, high risk takers can go for it......

Maybe price reduction on cards big avoid given the industry and state of operation

Wait till issuers will reduce its price brsy valuation is 250

Issue day one not much interest from retail HNI or QIB total issue subscribe 7%

subcription kay huwaaa..bhailog

THIS WILL LOOOOOOOOOOOOOOOOOOOOT U......
THIS WILL KOOOOOOOOOOOOOOOOOOOOT U......