Precision Camshafts Ltd IPO Message Board (Page 44)

IF MARKET GO DOWN THEN PCL MAY LIST AT 176 ? PLEASE ANSWER

Yes Sir,

You are absolutely correct ... "IF MARKET GO DOWN THEN PCL MAY LIST AT 176"

Also, If nifty is on lower circuit on listing day then PCL may even list @106
... therefore it is best to exercise caution and practice self discipline

TSL GMP 11-12 per share

TSL GMP 230-235 per share

application bhav?

500

what is GMP FOR LEASE STAFF AND PCL ?

I am applying in this ipo considering the business model.
We can see a Post budget rally so can consider some investment in PCL.

PCL gmp 11-12 with Volume.

Take a little bit risk.
Some big players are accumalating shares.

I am supporting Septa & Eagleye

Can one apply in this I.P.O.through ASBA facility with Oriental Bank of Commerce,Mumbai

Yes, definately.

Hi,
I have my bank account with a cooperative bank which is not included in scsb list of sebi and also demat ac with it ....
I have a another savings account with BOI
Can I apply for asba physical form from BOI account but my demat being in co operative bank
Plz help!

You can apply from boi , where is dmat account no problem...

PCL IPO is ready to open tomorrow ....so i will request all the members to give their final words on this ipo...

Thanks Eagleye! I guess I''ll choose lesser of the two evils- "cut-off", if at all.

I was planning on sleeping on it until 29th but the recent talk of listing at 176 or 106 (!) has jolted me out of slumber.

106?.... really? It''s scary.

PCL listing at 106 is scary but with the precondition that nifty will hit lower circuit...... and that is more horrible...

YAY !! ... We finally have a separate page for Teamlease ... YAY!!!

Precision Camshafts IPO

I will apply for the IPO, and my rational is very simple ... I may not be able to see how much upside there is on listing .... but on the other hand I do not see this IPO listing below issue price ...

Moreover, I expect a relatively low participation by Retail investors in this IPO for 2 reasons:
a) many investors are still struggling with the ASBA formalities.
b) there is no hype for this issue, hence many investors will be attracted to Teamlease & Parag ... which will allow me to get a higher allocation in this IPO ... thereby even if the gains are modest ... it will be on a larger allocation ... hence, I hope to get a better absolute return on my investment.

Now hereafter I do not want to get into any further Analysis-Paralysis on this issue ...
It is final, I will be applying!!!

Sorry sir ... pardon me if I was not clear ... but my comment is about Precision Camshafts ... it is NOT about Parag Milkfoods ...

Thanx 4 ur final words on PCL..

http://economictimes.indiatimes.com/markets/ipos/fpos/precision-camshafts-ipo-subscription-this-wednesday/articleshow/50721321.cms

Neo Trade IN regards with ur argument of 20% growth is wrong based on fact both YOY and half year to half yearly in case on team lease
This my analysis looking at real number not what it will earn in future it has taken a bigger hit in net margins Rs 10.97 crore in profit after tax in H1 as against Rs 17.2 crore in net profit in the six months ended September 30, 2014 . IMO On an annualised basis, the company may see a decline in net profit over FY15. not growth and possible is high given the reduction tax cushion from earlier loss and more tax liabitly so double whammy effect on books and this will not be good on share price in future

Also, H1FY15 PBT is about 42-43% of FY15 PBT and thus H2 being a more remunerative half for the business continues to hold in my view...

@NeoTrade, thanks for your analysis. It has breathed some hope.

manner:Name of the Anchor lnvestorNo. of Equityshares allocatedYo ol AnchotlnvestorPortion (%)Bid price ('')1SBI Mutual Fund1,774,24026.8%1862IDFC Mutual Fqnd1,774,24026.8%1863lClCl Prudential Mutual Fund7,344,76020.3%1864.HDFC Trustee Company Limited806,48072.2%1865Birla sunlife Trustee companyPrivate Limited27 7,6474.7%1866Canara Robeco Mutual Fund645,2009.8%186TotalLOO.O%Phone : +91 217 3295430 131 l32.Fax: +91 2''17 2357645 . e-mail info@pclindia.in '' W€bsiSr.No.Name of schemeNo. of Equity SharesAllocated% ofAnchor lnvestorPortion (%)Bid price ('')SBI Magnum Global Fund881,12013.4%1862SBI Magnum Baianced Fund887,12013.4%1863IDFC Premier Equity Fund7,774,24026.8%186lClCl Prudential Midcap Fund806,5601865ICICI Prudential Exports And OtherServices Fund537,6008.7%186

Ohhh OK thank you

As per new asba rules
If I want to subscribe through online application , than I have need balance in demat or in bank ???
Reply must

u could have the money in ur bank account or money in demat account both the amount will be blocked

Either

Precision Camshafts on Monday raised Rs 123 crore from anchor investors ahead of its IPO, which opens on January 27.

The auto ancillary company allotted 6.61 million shares to anchor investors at Rs 186 a piece.

Almost all the anchor investors were domestic mutual funds, including SBI MF, IDFC MF, HDFC MF and ICIC Prudential MF.

Preicison has priced the IPO in the price range of Rs 180 to Rs 186 per share.

The IPO will raise Rs 405 crore at the lower end of the price band and Rs 410 at the top end.

The IPO closes on January 29.

i just cut and pasted the article from business standard

Dear Septa Sir,

I cannot understand why a respectable newspaper like Business Standard (owned By Uday Kotak) will say "Almost all" ... this is grossly Misleading Journalism ...

the fact is that ... The anchor investors were ONLY domestic mutual funds and there is NOT even a single FII investor !!

TEAMLEASE SERVICES LIMITED

BOOK RUNNING LEAD MANAGERS
IDFC Securities Limited
Credit Suisse Securities (India) Private Limited
ICICI Securities Limited

REGISTRAR TO THE ISSUE
Karvy Computershare Private Limited

SORRY SORRY for my last comments. subscription is bad , FII either dont believe in price or management . i will skip. will earn in other ipos , TEAMLEASE COMMING

The IPO Committee of the Board of Directors of the Company at its meeting held on January 25, 2016 and the Selling Shareholders pursuant to their respective letters each dated January 25, 2016, in consultation with the Book Running Lead Managers, have finalized allocation of 66,15,967 Equity Shares in aggregate, to Anchor ''.lnvestors at Rs- 186 per Equity Share (including share premium of Rs. 176 per Equity Share) in the following manner:

1 SBI Mutual Fund 17,74,240 Shares
2 IDFC Mutual Fqnd 17,74,240 Shares
3 lClCl Prudential Mutual Fund 13,44,160 Shares
4. HDFC Trustee Company Limited 8,06,480 Shares
5 Birla Sunlife Trustee Company Private Limited 2,71,647 Shares
6 Canara Robeco Mutual Fund 645,200 Shares


file:///C:/Documents%20and%20Settings/ASHISH/My%20Documents/Downloads/Company%20Letter%20to%20SE.pdf

Neo Trade with TL looks like u like the issue how abt PCL whats r take.....

PCL too I am a buyer...a STRONG BUYER at that...considering all that has already been said on the board and more.

As for your observation on salary of promoters, whilst I agree that the increase in recent fiscal is distracting and an irritant...I would rationalize by saying that now the incentive for promoter to suck cash out of Company in future years is so much lower...considering that we will all factor in such a high salary in our profitability assumptions. Even after factoring this high salary the issue looks attractively priced for FY16 / FY17 performance considering macro / micro factors for the Company.

PCL Anchor Investor information:

please check this circular..

SBI Mutual fund - 26.8%
IDFC Mutual fund - 26.8%
ICICI Prudential fund - 20.3%
HDFC Trustee - 12.2%
Birla Sunlife - 4.1
Canara Rebecco Fund - 9.8%

Total aggregating to 6,615,967 shares at Rs.186/share.

Source:http://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?Noticeid=¬iceno=20160125-17&dt=01/25/2016&icount=17&totcount=18&flag=0

Precision Camshafts: Premium for precision http://www.business-standard.com/article/markets/precision-camshafts-ipo-premium-for-precision-116012500877_1.html

I liked the conclusion of the above report...
The profitability triggers are 2 yrs away- when the new EOU will be up & running- and hence invest with at least that long horizon.

Toying with this stock just for fun or ST (listing) gains may not be a good idea.