Precision Camshafts Ltd IPO Message Board (Page 13)

PCL will list on 10.02.2016 and will list minimum Rs. 10/- premium confirm.

What''s the gmp for this and what is the statergy to at the time of listing pls advise

Any one any idea

Only septa and eagleye are best analyst in this forum which can solve all problems ...all other are just posting materials from others sites,and can''t give yes or no on ipo,their advice contais boih if so as so yes..if so as so no...few one there agent also here seens....

Rajiv k singh sir.after no allotment in pcl,i checked my inbox there is one sms form BSE-(UR APPLI.NO........SUBMITTED ON 3-2-2016.) But i deposited on 29 jan.form IDBI BANK.How it possible? after closed submission.

Please check with ur bankers. Should not happen.

Sure it will open up to 220+ share is good..dont be hurry for sale.

GMP s Rs. 6 Discount seller

thank u for update.... even if it list at discount over time it will reward handsomely.... i cannot provide my source the news is two german car makers r in talk with PCL in final stage

"this i found on google which is one year old news"

Precision Camshafts signs TA with German firm

Mumbai: Solapur based engine component maker, Precision Camshafts Ltd has entered into a technology tie-up with German engineering company EMAG. The Indian component maker is now on the lookout for an acquisition in Europe to the tune of $50 million to serve local customers.
Precision has lined up Rs 250-300 crore investment over the next three years, which will go towards the acquisition and doubling capacities to 30 million camshafts.

The company has already mandated a consultant to look for a suitable buy in Europe. The company will fund the acquisition through a mix of debt and internal accrual.

Yatin Shah, CMD, Precision Camshafts Limited told ET, "We are in a discussion with a couple of companies. It will take us a year to close to the deal. Instead of looking for a green field set-up, an acquisition is the best way to kick start the operation and be close to the customers."
A market leader (over 50% market share) in India, Precision serves almost all the big names in the Indian domestic market right from Maruti Suzuki, Ford, GM to Mahindra & Mahindra amongst others. Through the tie-up with EMAG, Precision intends to offer ''Assembled Camshaft Technology'' to its customers which is more fuel efficient and less emitting to meet future emission norms, which is getting stringent by the day.

Through the acquisition of this technology from EMAG, Precision will be a complete solution provider for camshafts manufactured by different technologies.

"It is a big jump in technology for the company. With stress on improved fuel efficiency and lower emission, light weighting is becoming the order of the day. Given the scenario, the assembled camshaft technology is ideal. 80% of European market has moved to that technology, I foresee the Indian customers to moving to this technology from the current ''chilled cast iron camshafts'', which are heavier," added Shah.
The assembled camshafts weigh around 700-800 gms, versus 2 kg, chilled cast iron camshaft, Shah says some research have revealed that moving to assembled camshaft could lead to atleast 6-7% improvement in fuel efficiency.

A Rs 500 crore entity, Precision started its camshaft business with M&M being its sole customer in mid-90s for almost three years. There was a time, when 68% of its total business came from Tata Motors alone, today exports accounts for over 85% of its total production in Solapur, indicates the transformation the company has undergone in the last decade. Precision today serves the needs of global biggies like Porsche, BMW, Mercedes Benz, Toyota, GM and Ford amongst others at the global stage.

Despite the slowdown across various markets, Precision has grown at a compounded annual growth rate of 41% over the last five years. PE majors like Actis and Tata Capital have invested in the company in the past and have exited with handsome profits.

With secured orders till 2017, Precision intends to more than double its capacity to 30 million camshafts a year. The company is already working on 15-20 different global projects including the ones meant for India.

The company intends to more than double its turnover to $250 million or Rs 1500 crore over the next three years.

Regarding Salary to top Management ... A question of Good Corporate Governance.

Promoters High Salary is an matter of the past ... they did what they did while they were still an unlisted entity ... but hereafter, as a Publicly Listed Company, the Management Remuneration will have to be approved by a remuneration committee (which includes at least 2 independent Directors) ... and it also has to be within the rules in respect of the Management Remuneration as laid out in the Companies Act, 2015 (which is an X% of Profits) ... and therefore, they will have limitations ... and as such they will not be able to take such high Salaries (+ perquisites) as they have done in the past.

I hope this adequately satisfies everyone''s concerns ... I invite other senior members to comment.

What is "actual" Gmp on pcl??

PCL GMP -ve7 / -ve8 (discount)

List of Companies listed on NSE .. In the Auto Ancillary Sector ... Having PE > Precision Camshaft:

Federal-Mogul Go
WABCO India
Motherson Sumi
Shanthi Gears
Bosch
Sona Koyo Steer.
Sundaram Clayton
Minda Corp
Timken India
Wheels India
Fag Bearings
Suprajit Engg.
Automotive Axles
ANG Inds
SKF India
Lumax Auto Tech.
Amara Raja Batt.
Harita Seating
Subros
Shivam Autotech
Jamna Auto Inds.
NRB Bearings
Autolite (I)
JBM Auto
Hi-Tech Gears
India Motor Part
India Nipp.Elec.
Menon Bearings
Minda Inds.
Rane (Madras)

PCL, TEAM LEASE & QUICK HEAL : in terms of company fundamentals , issue pricing n other factors. .....PCL is the best. I am hopeful that among all the 3 IPOs, PCL will give the best return. Pls don''t look at grey mkt activity n 5-10 rupees gain n wait for atleast 250-300 rupees price for sale.
Wishing you all a very happy LISTING !!!

Dear Vivek Sir,

Regarding Salary to top Management ... A question of Good Corporate Governance.

Promoters High Salary is an matter of the past ... they did what they did while they were still an unlisted entity ... but hereafter, as a Publicly Listed Company, the Management Remuneration will have to be approved by a remuneration committee (which includes at least 2 independent Directors) ... and it also has to be within the rules in respect of the Management Remuneration as laid out in the Companies Act, 2015 (which is an X% of Profits) ... and therefore, they will have limitations ... and as such they will not be able to take such high Salaries (+ perquisites) as they have done in the past.

I hope this adequately satisfies your concerns.

Cost of living has become high these days. If you go in fiat car, the other managers won''t respect you. So you have to buy Benz car or Bentley. You need to switch from Nokia feature phone to Apple phone whether you know what to do it with it or not.

Taking high salary for one person doesn''t matter.

As per my broker It will list at 174 Nasdaq down 4%
Big dent in global market
It will go below 160 near future.
Sell in pre bid is best optio
Advice to exit once as can again enter

HAHAH

LOOKS LIKE U HAVE NOT APPLIED OR MISSED AND WANT TO ENTER AT LOW PRICE.
GO FOR IT THE COMPANY HAS GOOD FUNDAMENTALS AND WILL GIVE EXCELLENT RETURNS TO INVESTORS.

DID UR BROKER ALSO TOLD U ABOUT CLOSING PRICE. US market wont have impact on IPO

Anway indian stock market closed well. Also in budget their will be reduction in corporate tax. any small correction is now oppurtunity to buy

Well said eagleye...
Very true, Dusro pe blame karne aur risk uthane se darne wale share market se door rahe

Pcl will list at 198 and moved towards 210 after 02:30 enjoy listing gains.....

PCL listed at 193 to 196 and go up 200 & above don''t worry

Pcl will surprise you all and this is the way Indian stock market behaves

Precision Camshafts Limited

Listing Date: February 08 2016

Scrip code: 539636

ISIN NO : INE848 I 01029

Scrip ID : PRECAM

Precision will DEFINITELY list on Monday, 08th February ...

Please refer this:
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1454396024193.pdf

I just give information ... I never suggest anything to anyone for any IPO ... please show me a single posting of mine advising anyone to either invest or not to invest ... I do not consider myself qualified to enough to do so .. I have always maintained that I have no experience in the IPO world ... and I am only doing this becaI am unemployed and I have nothing else to do ... :)

So, My Dear ChampGuru ... please do not get prejudiced and make misplaced accusation ... it will only make you look silly and make you a laughing stock

"SUNNO SABKI, KARO MANN KI".

Please don''t blame Eagle. He is only saying the prospects, fundamentals of the stock. These are unbiased views. He is not forcing on what to do or what not to do. There are some others whose message say adamantly "Must apply" or "Withdraw imm" or "loot/kkkkooooooooot"

Don''t hurt good people. ITs up to us to take decision based on information

Hdfc Bank still not unblocked asba amount, whereas Bob unblocked the amount in the morning itself.
Hdfc intentionally not unblocking the amount to earn interest.

the interest will be to you and for your account while the amount is blocked and unblocked . While it was blocked it can not be utilised but it will be in your account and you will be earning account. If cheque is used then it will be debited from account and the interest will go go to ESCROW ACCOUNT

this ipo will surprise everyone and will do well .firstly it is market leader and second it is neither too expensive as per P/E.Motherson Sumi whose profits are decreasing yoy is trading at 55 p/e. and pcl with profits increased yoy is at 26 p/e .
third its a good profit company are top most brands and even added new customers.

i am not sure about listing price for both TSL and PCL but in long term definitely PCL is good. If TSL list at 300 rs premium it would be 80 p/e which is too expensive . its just a euphoria which will die soon after listing

so my take is buy PCL for long term and sell TSL on listing day with the premium

Hi all,
when is listing date for precision camshafts
Regards

Precision camshafts ltd will list in discount

Dear Atul Sir, you are wrong ...

Precision will DEFINITELY list on 08th ... and NOT on 10th as you have mentioned ...

Please refer this:
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1454396024193.pdf