Prabhat Dairy Limited IPO Message Board (Page 5)

WHAT MAKES YOU THINK TO SUBSCRIBE AT 110. DO YOU REALLY THINK IT HAS FAIR VALUE WITH PROFITS AND MARGIN DECREASING TO ASK FOR 60 P/E.
REMEMBER JUBILIANT FOODWORKS KIND OF COMMPANIES WHIC RUN ON HIGH P/E IS BECATHEY HAVE PROFITS INCREASING . HOWEVER THERE IS NOTHING TO SUPPORT PRABHAS IPO WHICH SHOULD HAVE PRICED STOCK AT 60 RS.
EVEN WITH 1 PC SUBSCRIPTION IT WILL LIST AT 15-20 PC DISCOUNT AND WIL FURTHER GO DOWN BELOW 90 RS AFTER LISTING. IF YOU ARE SO MUCH INTERESTED BUY AFTER LISTING OR 1 YEAR AT 65 -70 RS.

If SUBSCRIBED LESS THEN 90% , IPO STANDS CANCELLED AND APPLICATION AMOUNT TO BE REFUNDED.

Ortel Communications subscribed only 75% till last day but IPO considered fully subscribed. Promoters have right to reduce size of IPO at anytime. In present market condition every promoter is ready to take whatever they get from public. 70 to 75 % is good subscription figure. No one is ready to cancel IPO and come back after sometime.

ORTEL had underwriters arrangement who purchased shortfall portion . This is SEBI rule and one can not his own choice.
The minimum shares the company needs to get from the public out of the total issue by the date of closure. (Presently every company need to raise 90% of the issued amount). Else, the company shall refund the whole amount received. This 90 % has to be exclusive of the cheques that are not cleared.

Urchit is right. Technically there''s one IPO and a OFS, where the latter can be reduced as long as former is at least 90% at least. That''s what happened to Ortel.

Thanks Mr. Choudhury.

uchit you look like have some internal informatio . what make you say issue will subscribe. i suspect it will not have a single subscription today and will be cancelled.

fair value is 30r only.

Re apply with same name .....

Star IPO, even i want to cancel my IPO Subscription for 7 lots which i applied through ASBA, but i am unable to do so online now, so can i also reapply for 1 lot in same name to cancel it.

Yes, you can withdraw ASBA bids. During the bidding period you can approach the same bank to which you had submitted the ASBA and request for withdrawal through a duly signed letter citing your application number, TRS number, if any.


You can even cancel the bid after the ipo is closed After the bid closure period, you may send your withdrawal request to the Registrars before the finalization of basis of allotment, who will cancel your bid and instruct SCSB to unblock the application money in the bank account after the finalization of basis of allotment.

However if you have applied online then u can cancel online itself

Septa, I contacted the Branch but they have given an email id on which i sent my full details of subscription & waiting for its cancelation. I tried to UNSUBSCRIBE the IPO on Net Banking through ASBA but its not giving the name of PRABHAT on UNSUBSCRIBE Option, which must have been there as BID is still on. So should i reapply again for 1 Lot so that both application can be rejected.

@anurag which online broker u r using. I three online brokers icicidirect share khan and angel all three allow be to revise the bid and cancel the bid. Sometime branch pass the parcel co back get in writing the procedures to cancel.

@Septa i applied through ASBA in Bank of Baroda, but unable to UNSUBSCRIBE, my Broker is KARVY

The reason for that is its last quarter result eps was approx 2.65 means annualised Eps of in excess 10.50. And the guidance from the company is that eps will improve big time . So based on this on 2016 earnings PE is less then 35. That is reason this IPO is Avoid.

that is for holding couple of years...

As per my opinion for long term more than one year prabhat is good option. Becathey have launch cheese in market recently i.e. hagh margin product so profit ration will definitely increase. and also prabhat cheese plant is one of the highest per day production capacity plant in asia.

Considering the 3yr chart for ITC, I think its better to opt for ITC.
Prabhat is yet to prove in equity market and besides market conditions are not good. Also initial response to this ipo is not good which indicates no intrest of QIB or HNI.
Reducing the price doesnt guarantee this is at good price. My advice, stay away during this market condition from this IPO.

NC...as has been said earlier...being previously active on the board earlier does not establish either credibility or understanding of financial analysis fundamentals or even technical aspects of IPO!

Having said that..whilst new to the board I am trying to share and also at the same time learn based on the combined wisdom of the boarders...so it would help all of us if instead of spending your limited intellect on attempting to identify me...you would rather have a discussion on why applying makes sense or not based on solid fundamental financial analysis!

Also, once again your ill informed statement which suggests a price of 600 per share shows that you have absolutely no ability to guide boarders here on even a basic aspect such as price per share which in this case is 115-126 as per the latest data available on SEBI!

I maintain that this is a multibagger...in the investment community a lot of Private Equity investors are calling up the promoter to cancel the IPO so that they can invest in him at the previous announced price...those FII''s understand that this IPO is a victim of market volatility and junk analysis of analysts like yourself...I think the promoter is giving small retail investors a chance to participate in his growth and not going by advice of Private Equity investors...

This IPO REMAINS A MUST APPLY!

If you know so much of fundamental analysis put it yourself. a DCF and tell me why it''s a good to subscribe at this price? Also, let me know why there''s a big Moat persists in this business.

I gave 600 just as huge price to tell you that price is an important factor and I know the price band. I did read the RHP.

With your last paragraph you proved your fundamental analysis mettle so fast becayou have knowledge of PE calling promoters. WOW!

I am telling time & again price is a very important factor for return you earn on an investment. This seems like a good company but not a great IPO and there''s a difference. Do you know there was a 10 year period when Infosys didn''t return anything? Why? Not becagrowth stopped or something went terribly wrong. Only exponential growth didn''t come through. Here also next 2-3 years earning and growth is already priced in. There''s not much value left for investors.

Neo Trade thankyou for your gyaan. We don''t need the golden chance given by them to invest in their company. You think people here are fools to believe you. If the company is so concerned about the investors, ask them to sell the shares at original price to "so-called investors". The difference in the price can be donated to charity. At least that will benefit a few people.

Thank you for giving not so needed advice.

This forum is meant for intelligence on IPO''s so that us retailers can make an informed choice...that is the exact reason why kostak info is shared...which too is intelligence...and that is the exact reason why I shared the intelligence I had...but as always NC is more keen on identifying me than helping us all analyze how the intelligence can be put to good use!

This cancelation would be online. The real picture could be worse given majority apply via cheque IMO majority of them would have activated stop payment. So IMO the cancelation would be much higher

Septa, you are highly challenged with respect to technical understanding of IPOs. The revised pricing has caused the total shares on offer to increase which causes a reduction in %subscription, since all applications are based on number of shares.

PLEASE STOP MISLEADING PEOPLE AND KEEP YOUR ILL-INFORMED ANALYSIS TO YOURSELF.

To many new comers AVOIDthis issue these people will disappear like the monkey seller in the famous Indian folk story. It is over price why pay such high price for this crap

Mr. Old timer please talk on facts. Don''t just blabber around.