Prakash Steelage Ltd IPO Message Board (Page 22)

18 to 29 gmp ho shakti he !!!

hi friends last time pradip overseas was from Ahmedabad & was going to go up many friends here also told this it is operators hand,many operators r active, it will open 50% up, or 100% up but it was issued at 110 Rs never went to 130+ & right now also at 81 So be care full see fundamentals b4 investing & i think there r many friends who gives fundamentals advice 2... bye TC....

Ahemdabad based issue, Many many operators are active in this script.

No seller in Ahemdabad even at 16 Rs.
Apply with full power, will give very decent listing gains
Very very small issue. High HNI demand.

[131. baap]
D.J ipo ---------SAB KA BAAAAAP HAI

DON J------------------

IS IPO SE BACH K RAHNA,

Q K [ prakash k bad andehra ]
...............................

f.v of bajaj corp ltd is Rs 5, the price seems to be expensive

Prakash Steelage grey market, Prakash Steelage greymarket premium, Prakash Steelage grey market price, Prakash Steelage greymarket rates


Prakash Steelage IPO Grey Market Price date wise :

Date : Aug 06, 2010, Price : Rs. 7 – 10
Kostak Rate : Rs. 1500 – 1600

Date : Aug 05, 2010, Price : Rs. 3 – 4
Kostak Rate : Rs. 1100 – 1200

Date : Aug 04, 2010, Price : Rs. 2 – 3
Kostak Rate : Rs. 1100 – 1200

Date : Aug 03, 2010, Price : Rs. 3 – 4
Kostak Rate : Rs. 1100 – 1200

This can be another aster silicates..Got for listing gain..otherwise fundamentally it too early..take 20-30% & move ahead to new ipos

Friends,
Below is an article in Hindu business line.
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Anchor investors go after shares post-listing too
Pick up stocks from open market.
Rajalakshmi Sivam
BL Research Bureau
Not content with picking up stocks in the run-up to the IPO, anchor investors have, in some cases, also bought into offers post listing. Cox & Kings, Jubilant Food Works and Infinite Computer Solutions saw their anchor investors picking up additional shares from the open market on the listing date. These deals have also been put through at a price much higher than the issue price. T. Rowe Price International Inc, for example, had picked up six lakh-odd shares of Jubilant Foodworks in a single trade from the market at Rs 229.3, when it paid only Rs 145 for getting the same in the pre-IPO allotment.

Premium price? Not really

Large international funds such as the Capital Group Inc, Carlson Fund and T. Rowe Price International seem quite optimistic on some of the recent issues. Bulk buy trades on the listing date in the IPO counters at vast premium to issue price suggest this.

Consider the following:

Anchor investors were allotted 27.4 lakh shares in Cox & Kings IPO at a price of Rs 330. In less than a month, when the issue listed, Capital International Fund and Capital Group Inc picked up an additional 20.4 lakh shares at an average price of Rs 404 (22 per cent higher than the issue price).

In Jubilant Foodworks, four of the major anchor investors – Capital Group Inc, T. Rowe Price International, Reliance Mutual Fund and SBI Mutual Fund – picked up a total of 43.67 lakh shares on the listing date from the open market at an average price of Rs 199.7, 38 per cent higher than the issue price.

Infinite Computer Solutions saw T. Rowe Price International and Carlson Fund buying a total of 18.43 lakh shares in the secondary market on listing at an average price of Rs 200.2, against the issue price of Rs 165.

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So post listing we will see good bit of buying as there has been heavy demand for all the 3 recent Issues in QIB category.Those people who hold may get the maximum benefit from these listings .

HI,GEM IPO FINDER & SHREEDHERBHAI

SIR, PRAKASH STEEL LISTING GAIN KE LIYE BHARNA CHAHIYE?
EIL KA ALOTMENT DATE KYA HAI?

PLEASE REPLY SIR,,,,

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Investors could consider giving the Prakash Steelage IPO a miss considering the company's limited product profile and susceptibility to pressure on realisations due to volatile stainless steel prices. The issue is priced between Rs 100 and Rs 110, which translates into a post-issue P/E of 9.8 to 10.8 times 2009-10 earnings compared to seven times earnings for the more diversified, less-leveraged and larger Ratnamani Metals. Investors may find better hedged bets in the sector in the form of diversified pipe producers that have a wider product line to tide over blips in demand and superior margins.

Mr. bharat you are 100% correct ,it is best psu my 2 year target is 1000, i will buy 500 shares on listing day.

Remember it is gujarat based company so apply

Prakash retail will subscribe 8-10 times

not my post i cant recommend this type of co,



GEM IPO FINDER Aug 07, 2010 8:47:20 PM IST
SKS Microfinance Ltd
good long term bet

email me if you want weekly tips on every saturday

If I have forgotten to get signed of second holder then what will happened? Can I gat full refund if no allotment is done?

go for full application, grate ipo, huge listing gains.

prakash kostak at ahmedaba-1500 to 1600+
this is good ipo
we can make money
premium is 11 to 13

On the pricing front, the issue appears to be satisfactorily valued at less than 10 times its forward earnings and a price to book value of less than 1.8 times. However, Ratnamani Metals and Tubes that has almost double the turnover and higher profit margins (more than 2 times that of the company) trades at a PE of less than 8 times.
from ipo guru .com
Hence, long term investors may be better served by a Wait and Watch approach as they will have to bet on the company’s ability to not only ramp up its capacity on schedule, but also sell the same at superior margins.

Flippers though can consider playing this stock for a Listing Pop