Precision Camshafts Ltd IPO Message Board (Page 51)

I think pcl''s gmp might stable at 15-18.
if you get 10% return in pcl,its good than secondary mkt

the same broker who said avoid PCL send me a message of whatsaaappappapappappa next indigo PCL and GMP is Rs.40 apply.... anyway i do not go by tips i apply if i think it is good buy in secondary market... If the market was not in such blood bath i would have applied at this rate then again if the market ws good IMO the offer price would have been at least 210 not 186
all these GMP is rigged by operators

PCL GMP 20-21 (activity is slowly picking up)

40 is bogus bhav

not bogus it was genuine offer from my broker...... but i have never sold in grey market with tax issue just get the numbers to help me in my decision

Rajeev, it is not about creating panic.
when you find market going donw 20% there ought to be taken some steps. Unlike Chine which would want their currency going down to exceed their report and profits.
When INida has everything positive with crude going down why is it falling even more worse than global peers. Mind you Pakistan market is at around 31000 and hasn''t fallen form its peak much that is due to their investor friendly policies.

Govt should have given rebate to listed company taxes instead of unlisted companies being given tax free in start up india.
there has to be some action taken now else indian market will be going in bear territory soon.

lets wait for this listing and ipo response . i am saying this beacRBI nd GOvt have said they don''t fear FED rate hike and have eneiough steps .

i want to know what are these steps now.

Indian equity markets is going down becawe r much more integrated to global economy than Pakistan. Today u compare with Pakistan, tomorrow as may compare it with Sudan. Why Sudan, compare with Zimbabwe. I m amazed at the comparison that u did. Secondly, when FIIs pull out money then markets are bound to crash. They r booking profits which they have minted approx 4 to 5 times in last 6-7 yrs.Indian markets are solid becaof its domestic consumption story. We will at least grow at 5% annually just based on our consumption story. Lastly, this downtrend is an opportunity to buy great stocks at cheap rates. FIIs are bound to come back as we r the only economy in developing world who can weather the storm that''s enveloped world markets. So need to panic in a fall. Loss would be short term. People may have lost 20% due to falling markets and may lose another 10% or so but its an opportunity fear. So buy. Such chances don''t come everyday.

Rajeev , I am surprised u don'' understan economies. China and Us markets drive other markets. They are 10 multiples times larger than india. The thing we are talking here when rbi annonced they are ready for any type of slowdown or fed hike then what were the thoughs. The only thing that come to my mind is rate cuts. I am sorry but nothing of that aort has come. See where u are now stocks have come to 52 week low. India ahould learn from pakistan atock markets.if u dont know pakiatan companies are running half pe than indian companies and dont loot investors. The problem is u cant come with 26 pe in ipo . Keep rates competitive so tgat investors dont get hurt. U will know in time to come. Lets see market and this ipo response.

Someone commented here in end December 2015, Ignore sense/nifty, 553 stocks hot upper circuit for which, I commented these stocks will trap investors! Last continuous 15 sessions sensex/nifty on downtrend with 400 to 550 stocks hitting lower circuit daily basis, not giving a chance to those who wish to get out even with a loss. In a falling market PE ratio has no meaning. Was there any rational for oil to be at USD 150 or on other hand why should be USD 27 today? Valuation is time based. Why not buy SBI at 174 than precision cam at 186?

It is immature to pin SBI today at 174 and say compare it''s price with Precision cam at 186 on day of listing. If that is the case why SBI alone? Many other shares move in a day what precision cam probably can not even do in it''s life time. for eg, today Eicher motor moved up Rs.908/- , MRF by Rs.1318/- and SBI itself by Rs.8.50 to 184. If the intent is just the tiny gains of Rs. 800 to 1200 in precision cams after application, so much of monitoring manipulated grey market and deep study of fabricated pre IPO RHP, one should by one eicher or MRF when market is deep down as it was past 8 days.

Cheap or expensive is not merely by the price and movements in one week ! Precisioan cam is an auto component manufacturer. Bharat Forge, Rane engine components, infamous Amtek Auto(verge of closing), closed firms like Ahmednagar forgings, Patheja forgings( both closed after 5 ears of high premium IPO) all manufacture the same or similar auto products and fall in the same pricing , valuations levels. Those whose corporate governance is unquestionable like Sundaram clayton, fasteners , wheels india are quoting at high valuations whereas the earlier ones never commended even the IPo price after issue.

well said Ou Ai....secondary market at the movement have many good stock whose valuation has drop considerable...... r better bet then high risk IPO

As far as this IPO goes. Let''s not rumor monger. The IPO is good. Even if the mkt conditions are bad but expect some listing gains. Its a first mover in its segment and hence would command its own premium. Don''t compare it with others. I m going to apply. So says my conviction.

First of all let''s get our fundas clear. The current bloodbath in the market has got nothing to do with the govt. Its more due to global headwinds, weak macro economic data in China, rising fed rates, bearish oil prices etc. People on this forum are just creating panic about the govt or the markets. Before coming to any conclusion let''s analyse. The FIIs are pulling out beca
a) They had invested after 2008/ 2011 crashes and have multiple fold profits on which they want to encash.
b) Rising fed rates gives them opportunity to higher yielding market and govt securities.
c) The overall fear due to China, Brazil, Russia, Argentina, Australia and many others where all the growth was mainly China driven due to its vast consumption for last 30 yrs or so of rapid growth and modernisation. Now when its bubble has burst, the fundamentals have been exposed with tremendous debts for the economy, surplus held inventories, excess real estate development, tethering givt finances and rapidly devaluation of Yuan. All this has lead to the economy misfiring on growth front with the real danger of collapse of Chinese economy. So all countries related to China are tethering on the brink of collapse.
Now on the Indian economy
a) Indian exposure is least to China.
b) Lower oil prices is a boost to India economy.
c) FIIs are due to come back strongly to Indian equity markets within a short span due to inherent bullishness of India and its internal growth and consumption.
d) Govt commitment to reform and growth. GST bill not getting passed in legislature is not due to govt failure but due to towfu behaviour of Congress in parliament. They have just not let the parliament function. And we fools as always blame the govt for it. Pl u intelligent people realise this thing that this is the most pro reformgovt ever and the one which will take this nation to greatness.

WHAT ARE YOU SAYING. IF INDIA HAS BEEN FAVOURED BY OIL PRICES THEN CAN YOU EXPLAIN WHY RUSSIA IS ONE THE BEXT STOCK MARKET IN LAST FEW YEARS.

DO YOU KNOW AUSTRALIA AND RUSSIA HAVE PERFORMED FAIRLY WELL IN LAST FEAR YEARS AND MUCH BETTER THAN INDIAN STOCK MARKET.

Sorry sir , I beg to differ with u. Russia and Aus markets were riding a rocking rickety boat and was being pushed along on by the rope of China. China crashed and so did Russia, Aus and others. Slow and steady wins the race. Russia and Aus may have performed better as I haven''t looked at their share market nor do I track them but Indian market was not that bad either.

PCL GMP 22-23 (Scanty trades)

Grey market premium, Precision Camshafts IPO

30/- buyer
 &
app 600/- buyer.

Likely listing at Rs 215/-

Thanks eagle eye ji for all the information

dear eagleye,

pls give us your view about secondary MKT.
what are you feeling about nifty?

LOOKS LIKE MODI GOVT HAS FAILED ON ECONOMIC AGENDA.
MAMRKETS HAVE FALLEN ENOUGH NOW AND THERE IS NO ECONOMIC REFORMS OR RATE CUTS BEING PUSHED.

IF NO ONE IS BENFITTING FROM EITHER STOCKS OR REAL ESTATE. REAL ESTATE HAS ALREADY CORRECTED 30%.

WHAT IS ARUN JAITLY DOING NOW?
WHERE ARE THE ECONMIC REFORMS
UNLIKE US which is having loss with crude fall India on contrary is benefiited

when oil prices are not reduced what is status of fiscal deficit

are investors fool to invest in equities or real estate and getting their investment 30% down.

Precision camshafts company ka fandamental kaisa he ?
any gmp ya kostak start ?

Dear Septaji / Eagle Eye and other friends :
with current market situation...is it not worthwhile to shift focus on Secondary Market ??
Can we look at a like minded group for that through this forum or What''s app ??
Kindly share your views on this please...

Isn''t this the story of every IPO. When the IPO is announced everyone seem to become experts. When it lists at a premium the same negative ppl say "I told you so" when it lists in negative they again say "I told you so". I wonder if they ever invest in the IPOs sometimes or just do virtual trading..
Anyways the So called "Acche din effect" seems to disappear ... Sometimes I just get the feeling that it doesnt matter who rules us...what ever has to happen good or bad will happen.
For all the IPO and primary market fans out there just play the waiting game ...look at Subscription figures and APPLY accordingly.

Which is why ... when someone advises me to "invest" or to "stay away" ... I ask them the rational for their opinion ... and then apply my mind if I agree or disagree with the basis of their opinion ... and then take my call accordingly.

Gone are days of m gupta warning to looot koooot ,he was miscalculated NH ipo,he should not disappear .....

NEWS NDTV
Sensex Gives Up Modi Momentum, Falls to 2014 Levels


The Sensex sank nearly 650 points on Wednesday to slip below the psychological 24,000 mark for the first time since May 16, 2014, the day Prime Minister Narendra Modi led the BJP to a big win in the general elections. Today, the rupee too breached the 68 per dollar mark to hit a 29-month low.

Here are 10 things to know about this big story:

1) On May 16, 2014, the Sensex had cheered the BJP''s win by zooming almost 1,500 points to cross 24,000. In the days that followed, it gained steadily in anticipation of economic reforms and accelerated growth promised by the new government.

2) Twenty months later, the Sensex today erased all gains since that day. The widely tracked blue-chip index has fallen in sync with global stocks that have tumbled on account of falling crude oil prices and the slowdown in China.

3) There''s also disappointment with the Modi government''s tenure so far, traders say. Corporate earnings and domestic demand have remained sluggish, belying expectations of faster economic growth under PM Modi, said Sanjiv Bhasin, executive vice president of India Infoline

4) He also told NDTV that the carnage in the markets reflects the disappointment of foreign investors over slow pace of economic reforms. "There was a consensus overweight on India, which is now getting corrected," he said.

5) The Modi government has opened up several sectors for foreign investment, but it has failed to get crucial reform measures like the Goods and Services Tax (GST) Bill and the Land Acquisition Bill, passed in Parliament.

6) The delay in economic reforms and high volatility in global markets have led foreign investors to turn net sellers of domestic equities. Foreign investors have sold a net around $847 million worth debt and equities so far this month, a third straight month of outflows.

7) The slide in the rupee has also hurt sentiments, traders say. The rupee on Wednesday breached 68 per dollar mark for the first time since September 4, 2013. Fears of a global currency war, following China''s devaluation of its yuan currency in August 2015, have been weighing on the rupee.

Commenting on the rupee’s fall, Power Minister Piyush Goel said the Indian currency is still holding strong. Other currencies have depreciated more, he added.

8) 2016 has begun disastrously for domestic markets, with the Sensex correcting by over 2,000 points or 8 per cent in just three weeks. The Sensex is off 6,000 points or 20 per cent since hitting a record high in March 2015. That means technically the Indian market is in bear territory.

9) Among global factors, the crash in crude prices has been cited as one of the biggest reason for the crack in markets. Though India benefits from lower oil prices, falling crude prices have raised concerns about global growth and hurt equities. Crude prices hit new 12-year lows below $28 a barrel on Wednesday.

10) Concerns about a hard landing in China, where annual growth hit a 25-year low, have also hit global sentiments. China isn''t buying as many commodities as it once did, hurting exporters in many countries including India.

Markets closed with deep losses, albeit off the day''s low the Sensex ended 418 points or 1.7 per cent lower at 24,062, while the Nifty closed 126 points down at 7,309.

FROM NDTV REPORT

SENSEX WENT UP BY 1500 ON THE DAY MODI WON ELECTIONS TO 24000
SO NOW ATLEST 1500 IS SURE
AS PER MY UNDERSTANDING THERE IS NOTING TO CHEER FOR MODI GOVT

Ya, this is the actual thing happenning. But brokerages are shouting sensex will go to 50 k or 60 k. I donno from where they are spinning up so much (false) confidence

Will apI only when prices reduced bellow 150.....no matter issue withdrawn....

dear eagleye,

pls advice me,where can I get list of scsb list.
there no record found,which gave us link.

thanks

I do not know about "scsb list" ... what is the full form of scsb ?

PE RATIO DO NOT WORK WHEN MARKETS ARE IN DOWN TREND
FIRST OF ALL WHO IS GOING TO BAIL THIS ISSUE
BIG BULLS ARE CAUGHT REDHANDED ,AND MARKETS ARE STILL UN KNOWN TO MANY , WHAT WILL HAPPEN ,
NOW IT IS ALMOST CERTAIN IT IS NOT GOING SUDDENLY UP TO 25000 AND EVEN THOUGH TO GET PROFIT FROM IPO MARKETS SHOULD IN 26000 ZONE
SO WATCH FOR MY CARD 22000 , BY BUGET OR 31/3/16 YEAR ENDING

No matter what happens you need enough liquidity to manage 450 crore issue

it will be undersubscribed for sure. also there will be no premium too as it is disadvantage to list quickly as it wont build any premium even with subscription.

this stock fair value is 100 rs. above that is big avoid.

please buy from secondary market. UNiversal autofoundary have more growth and expansion plan is available at very cheap value and due to small equity universal auto will touch 100 rs in 1 year.

unlike this ipo which cant sustain its ipo price for too long.

correct calculation eagle but u take trailing EPS to come to PE bcoz u r not sure what will be next six months EPS would be so for calculation the real PE is 26 based on trailing EPS.......

Sir,
Please give me your calculations for trailing PE of 26X

For Precision Camshafts Ltd
@186 the P/E is 22.36 ... (186 is the upper end of the Price Band)
(based on diluted Consolidated EPS for 6 month ended on September 2015)


http://www.indiainfoline.com/marketstatistics/sector-performance/nse-auto-ancillaries-sector

The above link is a very useful resource to evaluate the PE valuations (on real time basis) of all auto ancillary companies listed on NSE/BSE

It could help us all in understanding relative valuation of currently Listing stock valuations on the basis of their PE vis-a-vis the PE of Precision Camshafts Ltd.