Punjab & Sind Bank IPO Message Board (Page 57)

Mr Nikhil Mane @ 255: Chances of allotment likely to be worse than that of MOIL since the Issue size is about 40 % only of MOIL

subscription fegure?

Subscription 55% up to 2pm.

what is the chances of allotment of share in punjab and sind bank ipo, and whats the listing gain expected, 06 months after listing

246. Dharmesh Santani,

Understand that your friend values money more than friendship. If a person makes a promise and does not live up to it, it is a lesson for you and it is time you cut all transactions with him. I, for one, will not even continue my friendship with such fellows because the friendship of persons who do not keep their words can not be genuine.

As for as recovering your money is concerned only those who enter into grey market trades can tell.

Hi Guys,

Alok industries is luking gud at the current level. Short term Target 28 Rs in 2 Days.

In case of small banks it is difficult to decide on valuations & its parameters. Particularly from fundamental aspect viz. NIM, CASA etc. In case of PSB NIM & CASA both seem to be below par w.r.t maharashtra bank ( which is most inefficient bank ). Don't read much into NPA.Hence valuations most likely to be allowed by market in terms of BV. Price of United bank is just the same as it's BV. So it is likely that if markets hovering below 6000 on nifty, we may be disappointed with PSB listing. The scenario seems to be likely till march 11. Hence price target shall be 119 to 125. Better if we buy Axis bank or SBI from market.

guys i have to book this ipo i have bank of india asba can i apply different demat a/c from that asba? will they be issue for name ? bcoz a/c name would be different for that demat

SAMEERJAIPUR,

welspun corp is the best co in welspun group........
this is the 2nd largest line pipe manufacturer in the world....
its order book is like mountain.......
this is the cheapest pipe manfg. co in india........

it trades at very very low valn @ 160 it trades at 4 pe fy'11 expected earnings, few days back they have bought msk projects engaged in construction activity.....

but the catch is the co's name came for bad reasons in recent scams like qip has been done by riging the prices up etc.

but fundamentally this is good co can be bought for atleast for 260 if everything normalises

Me to agree with gambler, either SEBI should reduce retailer's investment to one lac so that the scrip is not over subscribed, hence all will get some shares on prorate basis. When invest two lacs not allotted a single share and one who applied for 3 lots has got 17 shares, so funny is't not.

MOIL listing price is around 640 and if you hold it for next day it may touch 670. Watch it on 16.12.10 this is not magic figure but true.

Could everyone please find a better place to discuss Hanung Toys???
This place is for P&S Bank IPO.

Dear Sreedhar/Gem IPOFinder/Saharanpuri ji and all respectful boarders of this forum

I am a silent follower of this forum
I want to know some facts about greymarket
I purchased 10 applications of Coal India from one of my friend . Now my friend is still not paying me the difference and making new excuses everyday...Please tell me what should I do,I have around 1.5 lacs due in him

Please tell me what should I do with such a friend?

Thanks in advance, Please help me

what is commision & brokrage per form any one know pls reply

Dear Gem IPO Finder:

Your comments about Hanung Toys are well researched and your advice to investors against buying its shares, is also sound. I got out of my investment in Hanung Toys, more or less unscathed, by timing my departure 2/3 years ago.

In this emerging world of business realities, companies who have access to liberal public funds, fall prey to temptation to diversify into areas they know nothing about. Something like fools rushing in where angels fear to tread. Hanung is one such, because it diversified from textiles, to toys to real estate, though the writing on the wall glaringly cried out that each activity is different from the other. In such a business scenerio, unless professionally managed, each activity becomes a drag on the other. Alps Industries is another example, which galloped from thriving exports of furnishing to hedging on US $, and has suffered so badly over the years, that its share prices which were quoting @ Rs.300/-, collapsed to around Rs.10/-, dubiously6 on par with its face value! The only success it has achieved, is in its journey to the stables of BIFR!

It makes better sense to invest in professionally managed companies rather than in promoter family managed companies, in which in addition to these risks, the games of one upmanship that family members play against each other often, immediatlely or over time, debilitate the prospects of such companies and render such entities to become net value destroyers, rather than being enities that add value and generate wealth.

N.Narasimhan

PUNJAB AND SIND BANK:-

VALUTIONS:-

EXPECTED PAT FOR FY'11 IS RS. 550 CRORES, EQUITY CAPITAL POST IPO IS 22.3 CRORES SHARES , SO EPS FOR FY'11 COMES TO RS. 25, BOOK VALUE POST IPO MONEY WILL BE RS. 131 FOR FY'11.

SO @ 120 THE IPO IS PRICED AT A PE OF 5 AND P/BV OF 0.9 TIMES.

COMPAREBLES LIKE

1)DENA BANK TRADES @ 6 PE AND 1.4 TIMES BOOK.
2)UNITED BANK TRADES @ 7 PE AND 1.1 TIMES BOOK.

NEGATIVES:

1)Bank have substantial exposure to the priority sector

2)The bank, which was saddled with bad loans of 8.11% of its loan assets and ran up losses of close to Rs 100 crore in 2005, was under RBI vigilance and restricted from opening new branches due to its poor performance. After a steady turnaround, the bank has now reported a net profit of Rs 501 crore and has seen its NPA dip to 0.36% for March 2010.

3)the bank has not made any provision for second pension liability, which is expected to be in the range of Rs 600-700 crore

4)Bank is among the few banks whose operations are not completely focused on core banking solutions (CBS). This is partly because Satyam was the IT partner and after Satyam went down, the project came to a standstill.

POSITIVES:-

The bank has shown strong performance in its financials. Also,bank outperformed its group average of the public sector banks as well as all banks’ average for fiscal 2010 on several financial and risk management parameters like return on advances as adjusted to cost of funds, (ii) return on assets, (iii) net NPA ratio and (iv) business per employee, despite currently being much smaller in size than many of the public sector and other banks with which it compete

CONCLUSIONS:

ITS WEAKEST PUBLIC SECTOR BANK........
IT COULD TRADE @ 6-7 PE AND 1.1-1.2 TIMES BOOK SO TARGET PRICE COMES TO 150 - 160 OVER NEXT 3 MONTHS OF LISTING

Nifty fifty........who have stopped you to talk about PSB. just go and apply as much as you can..... why r u spending time here if you r not eager to share views just go away and dont use abusive language with this corrupt mind you will not gain much okay

Dear Chaitu,
PSB PE is 4 compared to 6 & 7 for the 2 banks,so isn't PSB cheaper than Vijaya & Dena.

Dear Shreedhar,

well its analyst report in businessline..& at current price these banks are availble at PE of 6 & 7.

I agree with 238: Prasant Patwardhan.

All posts should be in English and absolutely no exceptions even to Hindi. that ensures 100% interactions.
If we start inventing Hinglish, that gives rise to tenglish,Benglish,Kanglish and so on.
So lets adhere to Enlish - guys please agree....