Puravankara Projects Limited IPO Message Board (Page 9)

I'll say a real good stand taken by the investors, and yes indeed a lesson has been taught...., but still i say the basic fundmentals of the company is not at all good, i know a lot of people who has taken up flats in there projects and not a single one is happy... they are in the market to just make fool of people of there hard earned money..., still at these lower levels not a good buy

ha ha ha they have lowered price band . issue is open till 8 aug price band 400 -450.

dear aka ,all retail investor stayed away from this ipo .they have given lesson to promoter of puravanakara . at 13=00 hrs only 30% issue has subscribed. retail portion is subscribed by 10% only. upto 13=00hrs.now not a single retail investor is interested in this ipo.THANKS RETAIL INVESTOR.

Purvankara may do well in long run, but best thing to do is
1-Dont apply in this IPO
2-wait for the listing and let the price fall (which will surely be the case looking at the current interest shown by investor)
3-then one may like to buy for long term appreciation

Dear Friends :

Note the remarks of Udyan on CNBC Channel luring innocent retail investors to subscribe to the issue.

Investors may gain 10% on Puravankara Projects
2007-08-03 11:15:52 Source : Moneycontrol.com

I think, Puravankara will get subscribed it’s a big brand in the South so why don’t have any apprehensions that it will not get subscribed though it hasn’t been yet. But five-six times it’s par for the course for some of these real estate issues. But they have not left too much on the table, lets be realistic; it’s a good brand, it’s one of the dominant players in the southern part of the country, so to that extent the visibility factor will work in its favour.

Is it a good real estate company to own?, possibly yes but just look at NAV, PE multiples etc you get a little apprehensive about the value at which the issue is coming. Now real estates issues typically get done at the top end of the band if you take Rs 525 that’s an implied market cap of about Rs 11,000 crore odd and the NAV if you work out on conservative numbers would work out to that Rs 10000-11000 crore. So they are pretty much coming at the NAV or may be even a marginal premium to the NAV. You want companies to come at 20% discount to NAV leaving that much on the table because otherwise you are just pricing everything out.

Okay DLF came at a stretch price and even then delivered good returns in the secondary market but not everything is a DLF. So it may get done, have they left a whole lot on the table?, probably not, it’s an expensive issue and in that there are similarities with IVR Prime. Both priced the issues around the same kind of levels which will not stop subscription, but may just hamper runaway stock performance post listing. So I am struggling at this point to see how Purvankara post listing goes to more than Rs 600 because at that point it would begin to look quite expensive. So there might be just about 10% out there for you to make and it’s been a bit expensively priced for the good quality paper that it is, no taking away from that. So get subscribed but not that huge 40% rally on listing, would be very surprised if that happened.

I would like to suggest one more thing these Book Running Lead Managers should be asked to subscribe to -- No. of shares compulsorily at the price the decide for the issue. Then they will know the reality for higher pricing of the issues

AVIOD PURVANAKRA AT ALL COSTS AND NOT GO BY THESE COMMISSION AGENTS ( ANALYSTS.)

don't buy in IPO...buy after listing..u will get it around
400...wait

Face value is 5Rs. So 100 times- 105 times more than the face value. very expensive. 2 times expensive than HDIL. I don't think It has that much potential. Regarding Face value, Please see news papers like economictimes etc..

dear investor ,please dont apply in puravankara ipo to support people who didnot get possesion of their flat ,inspite of paying in full. make this ipo totally fail ..so managment will get some lesson.

Hi, can someone tell me is it good to invest in this IPO?

Dear Raghu,(msg #48)

I liked your logic about oversubscription. Now i am no longer interested.
Thanks your guidance.

grey mkt prem has converted in to discount of 30.50 rs .avoid this issue .there are many better issue coming up.

This is a useless issue. The correct price would be Rs200.

Hi
Purvankara maximum retail subscription at the end will be .50 , because at 0.0456 subscription just 1545 people applied for 2.93 lac shares. Still ~ 61.5 lac shares for subscription, and 32351 pepople should apply. So I guess maximum 16000 pepole will apply and hence the subscription.

What will be profit ?
What ever qty u apply u will get allotment. Max profit or loss 190 X ???? ,

for better earning subcribe for this ipo!!!All together it'ss good no dought!! surely go'g to list at upper side n wit better allotment!! people can earn more than everonn bcoz everonn has not given much shares but it is not d case in it!!!surely u can apply!!
happy investment

can any one grey mkt premium for purvankara, k.p.r.mills

This is a wash out issue. It may not subscribe. The correct price would be Rs 250.

AVOID,AVOID AND AVOID.MARKETS ARE TOO JITTERY.LISTING PRICE EXPECTED 350.

Market is falling,so u u better choice,so u can invest in some other good stocks which are now available at low price,like Parsvnath Dev,DLF,HDIL.In banking sector ICICI,and in IT T.C.S.in Cement sector Mysore cement is also good at current price,so avoid Risky IPO.Real estate stocks after credit policy decalared yestertday by RBI wil be steady for at least 15 days after that there will be up trend....

Hi
AS per our estimate is under failure of Puravankara
IPO .Any how hope it will be minimum 3 times only
oversubscribed. If it oversubscribed above it will be
very much satisfied. If it over subscribed the rate will
go minimum of Rs 600.00
Better to subcribe more.

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