Punjab & Sind Bank IPO Message Board (Page 62)

Dear Natarajan,
I am not going to apply for 197 becos they want the issue to be priced above reasonable valuations so that they can ride the bandwagon .They are running away like cowards ,Shame on them .They do not have confidence in their company then why should we have?They are coming to the markets to take investors for a ride.
See the maya of 2 lakhs,Heads you lose tails you lose.Good IPOs are humongously oversubscribed while bad Issues or overpriced Issues are not even touched & those who apply for 2 lakhs will get the double loss.
Many innocent stocks are getting butchered in the name of investigations ,few of them are bad apples but all the good apples are made to rot without any clarification from the concerned authorities about the scam tainted companies.
Was the authority which was to oversee the activities in market sleeping when the prices were rigged.Now from 2G scam & LIC Scam the authorities have come to know how that money was used in rigging stock prices.
What will happen to the innocent investor who has bought quality stocks like KS oils,Gitanjali Gems,Hanung toys,IRB Infra,Pipavav ship yard,UCO bank etc & who had no knowledge that the prices of these stocks were rigged.
Now since people will not get allotment even for 1 lakh investment in IPOs like MOIL,PSB they will apply in IPOs like A2Z so that they will feel atleast they will get allotment thereby burning their fingers.
Such shortsightedness from the Govt & SEBI,Why don't they understand even Govt IPOs & FPOs will not subscribe with enhancement to 2 lakh limit if Issue is not priced properly .People after getting burnt in SCI will realize again all Govt companies will not give return.
Anyhow I do think there is more to this decision of enhancement than meets the eye.

All in all retail Investor is taken for a ride in stock market unless he is not properly guided ,he is the one who falls prey to all types of vultures in the market.
Such a disappointing state the country is,people just brush aside even 2 lakh scams & continue with life as nothing ever happened & still treat a person who was was also a party to this sin through an act of omission as the best & honest PM,Jai ho.

iam a 2 lakh applicant ,,i hink iam one of person out of 50,,not got any info till now

Dear 159
Why do you publish such a trash in this column which is meant for ipos. Why do test our patience in going thro this article, Even chittoorgarh authorities should publish relevant articles only which attract public reading. Thanks

Hello Sreedhar,

I am new to Stock Market, I am just going through all your comments and it’s very impressing. Just I want to talk to you and understand the best way play in market. Could you please let me know your contact details Email or phone, Thanks in advance?

tomm on this url http://203.199.177.158/ipo/

Friends,
Congrats on shunning A2Z Keep it up.Hope friends have made lot of money in secondary market buying.

154

agree with you it is having only 2 branch in city like Bangalore

FACTS ABOUT P&S 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

Nanda Anil,
I did not have any confusion in your name. When I posted a reply to you about my position in Hanung Toys, it came out in somebody elses name. That was the confusion. For that only I then gave an explanation in another post which came in my name.
Anyhow my love to Nanda!

gane/sreedhar

No.134

your comment on Ketan Parekh issue

First Company to issue to shares at Current Book Value.
Good. Hope this trend will continue.

BHAIYA Ahmedabad Ritesh IS GIRTI MARKET MI APPANA DP KO KOE USE HI NAHI KAR RAHA HI AUR APPKA RENT PER SHAI BAAT HI BHAYE CIL MI APP KAMAO AUR MARKET MI RENT SE KAMAO SAHI BAAT HI GUJI BHAI

Hi..Shreedhar/Others..
What is your opinion for this one??As per my knowledge, right now, Banking sector is getting thrashed on yesterday but today it has got bounced back..So i feel this is really going to be a good one..from Govt table..

investment in punjab & sidh bank ipo my decision is right or wrong

Issue of Punjab & Sind Bank is coming on higher price i.e. Rs.120/- while EPS for FY10 is 6.6 as mentioned in comparative analysis with other PSU Banks submitted in SEBI; which I received from close person.Therefore, the issue does not look attractive due to higher PE i.e. around 18 as per issue price of Rs.120/- although others smaller to medium PSU Banks are trading around PE of 6.5-8. Considering half yearly TTM EPS of FY 10-11 around 7.5 then price may be around Rs.60/-.

does Punjab & Sind Bank anytime declared divided?

Mr K.K.Natarajan,

I do not have any confusion in my name. We are curently in Middle East. Nanda is my kid.

Regarding your post on Hanang Toys, it was a request to you for your opinion on the downfall. Anyway, I am now out of this shares. I did sold my 100 shares today at 204. Thanks

As per our estimate, issue of Punjab & Sind Bank is coming on higher price i.e. Rs.120/- while EPS for FY10 is 6.6 as mentioned in comparative analysis with other PSU Banks submitted in SEBI; which I received from close person.Therefore, the issue does not look attractive due to higher PE i.e. around 18 as per issue price of Rs.120/- although others smaller to medium PSU Banks are trading around PE of 6.5-8. If we consider the PE of other banks then its price may ber around Rs.52/- while, if logically considering half yearly TTM EPS of FY 10-11 around 7.5 then price may be around Rs.60/-.

for all categories alloted shares are same...but probability of getting them is increases proportionally with number of lots applied...

ICICi demet ASBA not debit or relesed fund for MOIL