If this IPO is available for application on your broker''s Trading Site then I think you need not fill any form. Just log in to the Trading Account, apply online, & keep the funds in your saving account which is linked to the trading account.
223.1. Septa| Link| Bookmark|
January 27, 2016 10:45:33 AM
(4000+ Posts, 4600+ Likes)
good luck
222. Chem cho| Link| Bookmark|
January 27, 2016 8:11:06 AM
IPO Guru (2600+ Posts, 2700+ Likes)
company caters to both international and domestic market. Some of the long term clients includes General Motors, Ford Motors, Hyundai, Maruti Suzuki, Tata Motors and Mahindra and Mahindra. Above is company statement , crankshaft for volkswagen , Tata motors , Ashok Leyland are not manufactured by PCI , PCI may be OEM suppliers for only for cars but , there are also small manufacture who make crankshafts for cars and them in open market , at cheap rates , There is lot of competition in market for supply of car parts china was down 6 % on 26 jan 16 and at on 27/1/16 at 8 am down 2.03 % to 2693.88 ASX 200 AT 4970 DOWN .71% MY NIFFTY level 6750 IS still not broken hanging towards 6775 and went upwards we have to wait till 28/1/16 nifty levels and then take a call for PCI Making money in stock market is not that easy , but it is very easy to loose money , so be careful after my list of downtrend in sbi , indigo , next target is LIC housing , rs 482 to 450 -425 levels , may be i am wrong but some brokers are giving buy call on LIC
Yes. All broker houses are saying in India nothing to worry and market is intact. If there is nothing to worry, then why the nifty is going down? Some leading brokers are still shouting sensex will go to 50 k or 60 k in the email newsletters to their customers.
Exactly what happened in 2008 is happening now also. When global markets melt down, Indian market also going down. That time it was subprime crisis in US and this time, it is China. The acceleration to 30 k in 2014 has decelerated and now even turning reverse to sensex 24 k and even not stable now.
Most of the IPOS during 2008-2010 listed were at LOSS (you can see Chittorgarh IPO past performance or not growth as expected), we failed to sustain 30 k levels. Even the airlines stocks that were immune to market fall showing weakness, and other new IPO stocks like SHK also fell.
One important thing we have to find out how the demand is going to be for this precision IPO and that too on third day only we know. Even if there is demand, is there any other possibility for Precision to list at premium. For this, we need to know or study how demand will impact listing price.
Cam shaft market has to be studied in detail, I also had worked in a butterfly shaft small scale company.
220. Chem cho| Link| Bookmark|
January 26, 2016 11:52:43 PM
IPO Guru (2600+ Posts, 2700+ Likes)
SEBI has reduced the IPO LISTING FROM 21 DAYS TO 15 DAYS AND FROM 1 JAN 16 TO one week , So that the Retail investors should be aware of trend in the market , up or down markets , and so they should apply in the IPO Markets have still not stabilised , up ward or down ward trend is still not sure , Those who have earned in past IPO , and take can take risk can apply in PCL IPO, Last one week i have not made an single comment regarding PCL
But the exact trend will be known on 28 jan 16
Most of my friends are still not sure how to apply in ASBA and this being the first IPO IN JAN 16 , Brokers are still not able to take bets of PCL , as they are not sure who is going to bail the IPO ,
220.1. Eagleye| Link| Bookmark|
January 27, 2016 12:31:51 AM
IPO Guru (6600+ Posts, 22000+ Likes)
The way crude has bounced back...I think we should see a global short covering rally in all asclasses...today base metals are also up which is usually a good sign
since i was doing DCF for team lease i thought i do the same with PCL I TOOK 20% 18% 16% 14% 12% FOR EVERY TWO YEARS DCF per share i got Rs 299.32 at 30% Rs 209.52 which still above the offer price of Rs 186.......
that is reason i said i will apply even if i take 15% 14%...... down to 6% i still get Rs 244.74 and 30% margin of safety Rs 171.32 even with such low growth
Yes, same tight situation exists in PCL Valuation too. Whilst it may not be as crazily priced as TL but it certainly has higher risk. Can we trust Shah to deliver even the modest growth rates u have assumed? Will he stop extorting the company through salaries and commissions. Plz note he milks large commissions from PCL for ''services'' he provides through related companies. Usually such txn are never at arms length. Fx risk, product and client concentration?
Problem is not that such risks are there, problem is that offer price belittles the reward for taking those risks.
some of the point u put forward i agree 100% but i think more hope shah will change bcoz with this issue it will official put him in super rich bracket and if he does any thing what u have mention market will correct his wealth big time.......
By the way, hope you have reckoned that cost of debt for them appears to be 5.75% (USD loans). This means a 10.5% to 11% IRR should result in 9% discount rate.
My growth assumptions are somewhat different from yours: only 10% in FY 17 & 18. Once the EOU is completed by FY 18, 15% growth in next 3 yrs then back to 10%. Terminal growth rate of 4% only as it''s aligned to LT Global growth rather than Indian growth. DCF is what u make it to be.
If only we knew what the heck r those price setters thinking....
Oh, no. I don''t think so. Consider yourself very lucky if it lists at premium which would be very small, if at all. We can''t fool around with this one for listing gains.
The sole purpose of investment here is to subscribe to its ''growth story'' which won''t be triggered before 2-2.5 years. So, let''s not even think about this stock if we do not have 2-3 years investment horizon.
looks like l& T IPO is postponed to next financial year
213. Ou Ai| Link| Bookmark|
January 26, 2016 7:57:59 PM
Top Contributor (300+ Posts, 300+ Likes)
China has tanked by another 6.4% today, so is all Asian market, Our market would have followed suit had it been open too. CAC & DAX opened lower, But in marginal green now.US likely to be flat. In a falling market, there are many picks far superior than PCL. Good chance of allotment or getting bigger quantity of share allotted does not mean higher absolute gains , if the counter has to decline upon listing immediately or later. considering low level of governance, I will stay away from this issue, even if it means losing some listing gains.
if india market follow china market better put more money in secondary market if 6900 or 6500 is next support all epos will be effected will see big selling from especially small caps and mid caps
213.2. Chem cho| Link| Bookmark|
January 26, 2016 10:37:57 PM
IPO Guru (2600+ Posts, 2700+ Likes)
WAIT for my price NIFFTY 7250 was not broken it will come shortly
213.3. Eagleye| Link| Bookmark|
January 27, 2016 12:33:47 AM
IPO Guru (6600+ Posts, 22000+ Likes)
What is your opinion ...
The way crude has bounced back...I think we should see a global short covering rally in all asclasses...today base metals are also up which is usually a good sign
Is it a coincidence that TL''s bids close (4 Feb) before PCL listing (5 Feb)? Is TL concerned that dismal response to PCL might affect TL''s prospects & has therefore timed its issue in such a way? Is TL short PCL?
It has a debt if 235 crore. av acq of promoters is 38 rs only
also dont expect any premium in such market which runs on expensive valuation its business model does not give confidence as Ford and GM is facing stiff competion from which it derives 70% revenues