Precision Camshafts Ltd IPO Message Board (Page 40)

As i told long before, this auto ancillary co. has no takers........may reduce price range to 160-168 .....

No ... PCL will not reduce price band ...

This kind of issue , if it begins to quote below issue price , it is hard to come out. Takes ages to get back the issue price. If it is SBI or any other quality IPO even if priced higher, patience pays. Those who want to apply must not apply with a feeling they are going to be left out of profit making opportunity. And those who don''t , must not repent it if it quotes higher on opening day.
I am not applying as I am not comfortable with the corporate governance. I am likely to apply for EIL after the price declaration in the evening being attractive.
We all here give our view point and can take decision to ourselves can''t decide for others. Investment risk is always decided by the investor.

If only Shah could behave himself for 3 years!

Why don''t u buy SBI in similar rate wid PCL..India''s no 1 bank available in àttractive price

I have not looked deeply into SBI but can give a general reply to ur question..
SBI''s prices have tanked due to: (1) its high NPA position which is a genuine business issue. (2) weak market sentiment caused by external factors (China''s equity rout for example). There may be other reasons that I may not be aware of.

Point (1) is a fundamental weakness. We can''t take it lightly & just think that it will go away in some time. SBI is bracing itself against this problem by strengthening its capital by forging LT funding arrangements with LIC, planning rights issue etc. No one knows how long will it take for the bank books to become healthy again.

Point (2), however, supports your argument. It''s not directly & fundamentally linked to SBI & therefore is an opportunity.

Point (1) makes SBI expensive & (2) makes it cheap. Do the math & invest.

As per my information ...

PCL GMP is 7-8 (activity in full swing)

What happens if an IPO is not fully subscribed? There will be any possibility to get open in negative due to it ?

yes, But that has to be done before the issue closes ... the reduction in OFS size cannot be decided after issue closing date

Correcting...as per SEBI rules...if 90% of the primary component of the issue (not the OFS only the primary) has been raised then the issue can be declared a success...

PCL GMPs 5-6 No volume.

Check here

http://www.nseindia.com/products/content/equities/ipos/ipo_current_precam.htm?cat=A

&

http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=1118

Thanks!

Only 6% by 12pm Day 2. I guess this is the lowest that we might have seen lately...

Hey, what has Chinese market closure got to do with PCL listing? ! Chinese market is closed every year for 5 days during spring festival. PCL will find its own level. If market tanks tomorrow, it is opportunity to buy other counters.

PCL should apply or not

Banking sector available in attractive price with good dividend yield why to invest our money in expensive price band

the ASBA mechanism has been facing some difficulties at the rural bankers end ... that is why the Retail response has not been upto the mark yesterday ... but will get sorted out today/tomorrow

Equity market is always unpredictable bcoz of uncertainty of gov policy

Greedy promoters ...I ve cn most of de IPO s r with expensive price band

Greedy promoters ...I ve cn most of de IPO s r with expenses price band

Chinese market closed from 8th February to 12th ...
last trading day 5th ... Will re-open on 15th Feb

Better to put our money in safe bet like Engineer s India OFS...strong fundamental

Listing date was originally scheduled for Friday, 5th Feb ...
but now it has been rescheduled to List on Monday, 8th February

PCL: I have every intention to ''buy'' not necessarily ''apply''. Just waiting for the updated subscription figures tomorrow. And yes, even if it lists at discount, I can always do some cost averaging given my long position (2-3 years). In fact, it would be great if I can buy below 160.

I like TL more for its low risk profile, strong management &, more credible growth story. If only its valuation was not so spooky....

Friends be careful in dis IPO .der is no QIB n NII portion filled yet ......

Will buying of OFS of EI would be through ASBA ?

Hello Seniors, what would be the listing day price for this IPO ?