48 Vinod, please do not misguide the genuine investors. Do not compare Emaar MGF with this. Emaar MGF's PE was 200 and this issues's Pe is 10 to 12. Please refer to my earlier message No.45 and be guided accordingly. If you want to prove your statement give some facts and prove.
Yes dear friends , This is a very good company and very good track record especially in the field of power.An experienced company so definately investment is worth and I will fo for full application
sorry for typographical error! what i had meant that there was NO reason for ignoring the good advice of 51. sanju and that REC remains a worthwhile IPO. thx.
the REC pricing seems to have been done well before the market crash. however, there is ground to ignore 51.sanju. i will invest complete entitlement. none of us are on the payroll of REC/brokers. cheers!!
The issue is excellent. At eps of around 8.5 it is available at pe ratio of around 12 at upper band. Even assuming a discount of 20% to PFC,the fmv works to Rs 144 taking PFC at Rs 180. Therefore the issue is attractive for all those who believe in sensex story. It will be neutral/negative only in case the sensex crashes all together but in that case everybody will crash and in that case we all will stop watching websites for recomnendations as all will be like ordinary investors
Do any body has any clue if this price range of REC IPO has been set after the Sensex plunge, i.e. if the price has been set factoring the current bearish secondary market?
DEAR INVESTORS, MARKET IS IN BEARISH TREND AFTER BUDGET. SO, THIS "R E C" GETS LISTED ONLY AFTER BUDGET, DU NOT GET CARRIED AWAY, SEE WHAT HAPPENED TO EMAAR, WOCKARDT. THINK TWICE BEFORE INVESTING, HARD EARNED MONEY, SO BE AWARE WITH REC. "DONT APPLY"
REC is a good IPO and reasonably priced as already highlighted by many knowledgable readers like 39.govindgupta,45.kamal & 46.sharad.
other IPOs have bombed due to being highly overpriced because of excessive greed of the promoters- including emmar. plz read their post IPO-withdrawal analysis-- full of excuses and blames to the poor investors!
REC is not only a good-cause IPO but also inherently strong. good for traders/investors both.
43 vinod, pl do not misguide. EPS (pre-ipo) works out to 8.36 per share (for the face value of Rs.10 share). Assuming the same EPS for the issue price the PE works out to 10 to 12, which is very very attractive. Please talk with some facts and do not misguide.