Shankara Building Products Ltd IPO Message Board (Page 63)

I want to know 1 thing from BOI to apply IPO do we have to say do account or else we can apply directly please guide

NBFCs are funding .. but not @7% ... they are funding @8%

so the costing has gone up .. now

Interest cost @8%p.a. for 7days = 70.60paise for 1X HNI COST

Septa sir, any trading idea for tomorrow

If that the case then 70.6*200 so now the cost will approx Rs 141 so return will be worse

@Septa sir can you explain your calculation in detail. Please

@texas

one lot average cost is Rs15000 @8% interest for 7 days will cost Rs23/- for one lot since one lot equate 32 share cost per share will be Approx 72 paise.

Since market expect issue will be oversubscribed 200 times so cost to finance this will be 200*23 =4600 will get 32 shares and investment will be 30 lakhs

so for 1cr investment cost will be Rs15334 Approx and will get approx 106 shares at Rs150 GMP his profit before interest will be Rs15900 and the cost will be 15334 will make profit before tax and commission Approx Rs567 for 1cr outlay which IMO is very risky however market is expect Rs600 plus listing which will give the investor another 10k Approx notional profit

With due respect to all ,

I feel you are calculating as 7 working days for IPO to list as per SEBI guidelines , but actually it is 10 to 15 days from listing and payment received after sale , ( if sold on listing date) as there are bank holidays so listing takes time
i calculate for from 10 to 15 actual dates and my calculated amount nearly tally with my OD of bank statement account

for eg D mart closed on 10th march and listed on 21/3/17 == 12 days and payment received on 22/3/17 =13 days

Profit for 9months (31Dec16) = 415.46 Million (taken from page 49 of RHP)

Estimated for FY 16-17 = 553.95 Million (proportionate)

O/s shares post issue = 2,28,49,297 Shares

EPS FY 16-17 = 24.24 (post money)

If we assume a modest growth of 20%, then EPS for FY17-18 = 29.09

Issue price = 460 + GMP 150 = Padta 610…. Then PE = 21X (FY 18)

Is that good or bad ?

Grey Market Premium - GMP

@ The time of submitting application to Broker/Bank.

Tommorow @2pm

@Eagle eye. Mam how much profit will NII make in case of 200 times NII oversubscription and listing day premium of 30%. In my calculation it is coming to .15 â„… of total invested amount. This is less than the interest that they will be paying for the borrowed money. Won''t they be in loss? Pls correct me if am wrong....