Puravankara Projects Limited IPO Message Board (Page 5)

purvankara is absolutely a rubbish issue.
even if it has priced it share at 400 with face value of rs 5 it is very expensive. look at parsvnath which is much bigger company and almost 3 times profit with face value of 10 rs is at price of 340 so why should i not buy parsvnath even at this price. for purvankara to list at 400 rs parsvnath should then be at 600 rs on its listing .
morever all retail with full allotmet will try to sell shares on listing . i see it going down to 340-350 rs on listing.

Hello friends purvankara Ipo is subscibed by 2 times because company sold some property in south india which value at 230 crore last night grey market premium is Rupees 30 which is zoomed by 80 to 90.So dont stop the payments of the cheqes.The share list at rupees 550 on the listing date so invest this company for a long period of time...............................................................

Hello friends,
I applied for purvankara,later this issue was revalued and the time was extended for some more days,now how are they going to treat the applicants who applied earlier at higher price or the application will be cancelled.what are the chances i applied through icici direct.Any clarifications???

purvankara is a very good issue at Rs. 400/-. For FY 09 EPS is Rs. 37. So you are getting the stock on mere a PE of 11 only. A leader in real estate in BANGALORE. So, it deserve the Premium status like DLF, UNITECH.

Puravankara IPO subscribed just 1.91 times.

any status on the applications? has it crossed 1 time subscription.

I think mkt expert is acting like agent of ....

mkt leader is totally misguiding. for next ipo he may choose to change his name ,after this thorough exposure.

HI,

You can apply for listing gains. But, promoters do not have good credit worthiness. Since, real estate sector is doing stock will appreciate... Long term investor... Say 5 to 10 yrs, can go for Sobha, IVRCL, Nagarjuna, L&T and new issue is coming up called CCC (ex professionals from L&T).

Please avoid this... Valuation is tooo much.

There are good stocks with good PE Ratios available at Cheap.

Regards
Ranga

I am surprised, this ipo has positive gray mkt premium.. :)

aaj fully subscribe ho gaya. par jab cheque stop payment honge tab final result samne ayyega.

grey mkt prem only 9Rs. so avoid

Avoid this IPO

This will teach these greedy promoters a lesson...For sure it will list at discount..if good issues like HDIL can go below IPO price within days of listing..dunno what will happen to this stock

Play safe with your money...AVOID..AVOID..AVOID

@ MKT EXPERT

I fully endorse your take on Purvankara to subscribe, but for one more extra reasoning apart from ( in addition to ) those mentioned by you. If you are a serious expert, you should identify that reasoning. I give you a clue - due to same reason DLF and HDIL did well after listings. Dont hesitate to have a frank and fair discussion. If need be, I shall give next clue also.

Take Care.

@ ananda

you are requested not to criticize anybody ( leave alone Intellectual TANUSHREE, but anybody ) withont mentioning reasons or loss or hardship suffered or faced by you due to that anybody. Please . . . . .

Hi friends,
Subscibe the Purvankara ipo because the grey market premium is zoom to Rs 80.Management will try the level best to subscibe this ipo.QIB portion is fully subscibed.so subscibe this ipo.
It will definetely open at 530 rupees.

Even at Rs.400 the stock is quoting at 65 times while established and quality players like Sobha are quoting around 42 times.

this is a good example for people who jump into the IPO fray without much thought to make a quick buck. dont think there will be any takers at even 300 at listing..

THINK IT TWICE

Issues like puravankar must be discouraged, only thatn & than heigh pricing will be stopped. Govt./SEBI must think on the line that there must be some limit in price-fixing for a company seeking an IPO. At the same time companies should be forced to buy-back at the offering price of IPO. All investores should write to finance minister & prime minister on this suggestion.

Who decides the Price Band?

It may be understood that the regulatory mechanism does not play a role in setting the price for issues. It is up to the company to decide on the price or the price band, in consultation with Merchant Bankers.

Does it mean that SEBI recommends an issue?

SEBI does not recommend any issue nor does take any responsibility either for the financial soundness of any scheme or the project for which the issue is proposed to be made or for the correctness of the statements made or opinions expressed in the offer document. SEBI mainly scrutinizes the issue for seeing that adequate disclosures are made by the issuing company in the prospectus or offer document.

Info taken from NSE website.

The Public Issue Price is set by the company in consultancy with the merchant banker. SEBI has got nothing to do with that. Before issuing IPO the company provides draft prospect with the SEBI, which is open to public on NSE website for 21 days. NSE invites feedback on the same through NSE website which if passes through is sent for IPO issues.


What is a Prospectus?

A large number of new companies float public issues. While a large number of these companies are genuine, quite a few may want to exploit the investors. Therefore, it is very important that an investor before applying for any issue identifies future potential of a company. A part of the guidelines
issued by SEBI (Securities and Exchange Board of India) is the disclosure of information to the public. This disclosure includes information like the reason for raising the money, the way money is proposed to be spent, the return expected on the money etc. This information is in the form of ‘Prospectus’ which also includes information regarding the size of the issue, the current status of the company, its equity capital, its current and past performance, the promoters, the project, cost of the project, means of financing, product and capacity etc. It also contains lot of mandatory information regarding underwriting and statutory compliances. This helps investors to evaluate short term and long term prospects of the company.

What does ‘Draft Offer document’ mean?

‘Offer document’ means Prospectus in case of a public issue or offer for sale and Letter of Offer in case of a rights issue which is filed with the Registrar of Companies (ROC) and Stock Exchanges (SEs). An offer document covers all the relevant information to help an investor to make his/her investment decision. ‘Draft Offer document’ means the offer document in draft stage. The draft offer documents are filed with SEBI, atleast 21 days prior to the filing of the Offer Document with ROC/SEs. SEBI may specify changes, if any, in the
draft Offer Document and the issuer or the lead merchant banker shall carry out such changes in the draft offer document before filing the Offer Document with ROC/SEs. The Draft Offer Document is available on the SEBI website for public comments for a period of 21 days from the filing of the Draft Offer Document with SEBI.

Info taken from NSE website.