Sheela Foam Ltd IPO Message Board (Page 18)

Already warned early ~~


22. Khemka Nov 12, 2016 10:59:28 AM IST Reply
GreenSignal Bio Pharma Ltd IPO

Red signal seems given by trump victory and currency crunch, market can crashed unexpectedly soon .forgeting IPO till new year not bad.

View in a social media ~~

9 days ago
Day trump win declaration,worlwide crashed and panic to be seen.......

This issue might have postponed.

Co. consult the merchant bankers once again

Shareholders can subscribe to the rights issue of Karnataka Bank, the price for which has been fixed at Rs 70 per share. Open until November 21, the issue of shares will be done in the ratio of 1:2 — one rights share for every two held by the shareholders.

Though the bank has seen sluggish growth in loans over the last two to three years and has also had to deal with rising bad loans, prospects over the long run appear sanguine.

The price of the rights issue is at a huge discount to the current market price of Rs 121 (ex-rights). If the price holds up, there is scope for immediate gains. But that’s only the icing on the cake.

For long-term investors, the bank’s earnings trajectory and growth prospects should be the deciding factor for subscribing to the rights issue.

In this regard, the bank’s strong regional presence, conscious decision to cut back on corporate credit, increased focus on retail loans and stable margins augur well for its earnings outlook over the next two to three years. At 0.7 times the one-year forward book, the stock trades in line with its three-and five-year average.

Compared to other regional banks such as South Indian Bank (0.7 times) and Federal Bank (1.4 times), the stock is attractively priced. Pick-up in earnings on account of easing asset quality pressure and improving credit growth can see the stock re-rate over the next two to three years.

But Why have they Extended ? Is it under subscribed ??

Grey market activities are illegal and punishable under Benami Property Transactions Act, 1988 for imprisonment upto 7 years. It is applicable for both movable and immovable properties which can be confiscated under Benami Property Transactions Act, 1988

thanku for this GYAN

Sheela Foam Ipo
29 Nov - 1 Dec (tentetive)
500 Cr

Ye ipo most he

Sleepwell'' co eyes Rs 500 crore IPO
TNN |
Jul 28, 2016, 07.14 PM IST
MUMBAI: Successful listing of a string of consumer-facing companies in the recent past is attracting more such companies to go public. Sheela Foam, the maker of Sleepwell mattresses, is eyeing a Rs 500-crore IPO and is set to file with Sebi in the next few days. Other consumer-facing companies which are also looking at IPOs include Delhi-based Varun Beverages, one of the largest bottlers for Pepsi in India, PNB Housing Finance and ICICI Prudential Life Insurance.
Telecom major Vodafone India is also planning its IPO.
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Merchant banking sources say successful offerings from companies like Mahanagar Gas (Rs 1,040 crore), Indigo (Rs 1,270 crore), Dr Lal Path Labs (Rs 638 crore), Narayana Hrudayalaya (Rs 613 crore) and Coffee Day Enterprises (Rs 1,150 crore), which runs the Cafe Coffee Day chain, is prompting several other such enterprises to go public.

The promoters of Sheela Foam are planning to dilute 15% of its equity capital for Rs 500 crore, translating to a valuation of about Rs 3,000 crore. Currently, the company has 12 manufacturing facilities and exports its products to 25 countries across the world. Other than mattresses, it also manufactures polyurethane foams for various industrial applications like automotive, sound proofing, garment and shoe manufacturing.
TOP COMMENT
      
In the competitive market, unless one avails the opportune time and talent, everything is lost. It is better to gain by selling their stake, the MNC corporates are always on the prey !

Godfather Senior ye ipo most he

Anybody knows the exact Issue opening & closing date ?

Thank You

not yet announced

Sheela Foam IPO

HOS: Price Band will be 377 - 418

IPO is 100% OFS by promoters (there is no Private Equity investor)

Mam - I think you have based the issue price on the fact that promoter Polyflex Marketing Pvt Ltd is entirely off loading its current stake of 27% (~1.35Cr shares) where as my thinking was only 15% of the currently issued shares (of 4.878) are on offer for sale at around ~700 a piece, based on ET.article I came across.

However I really wish you are correct as the price of 377 sounds very good for this ipo.

Good ipo in bad market..

Why face value is 5 Rs?

It looks like balance sheet is cooked up with good no. for year 2015-16 just for IPO. Though revenue increase is same as previous years but profit increases 3 times in 2015-16.

Need to study detailed draft and accounting books to find reasons of sudden increase in profit for 2015-16.

May be due to fall in price of raw material (Crude oil)

Crude oil is trading low since year 2014-15. Also very small portion of petroleum is used as raw materials in products. This is not going to increase profit 3 times.

It will prove to be the fantastic IPO....fundamentals of this company is very strong...eagerly awaiting this IPO ...

Face value of shares being issued is Rs.5.00. People should keep in mind this point in mind while applying. Let us see what price band is fixrd by the company.

Company plans to offload 15% of the overall 4.878 crore shares issued at 510 Crore, so the offer price will be close to INR 700 - 680 at asking PE ~33.

Good fundamentals, strong balance sheet without major loans, healthy cash flows Statements, overall fundamentals and outlook for the sector is ok. Looks like curret market leader with close to 40-50% market share in the organized indian mattress market.

Net profit for the single year 2016 grew 3 times to 94 crore from 34 crore in 2015 (standalone P&L), however took them 4 years to reach from 8 Cr profit to 34 crores.

Chief promoter Sheela Gautam had been Loksabha MP for 4 terms (BJP),daughter of freedom fighter late Mohan Lal Gautam.

If price band for shares of face value of Rs.5.00 is fixed @ Rs.680-700, it means price band of Rs.1360.00-1400. It is astonishly high. I hope who apply for this issue and are allotted shares will end up in loss. See the IPO of Green Signal which has not been able to sail through even aftrr extending it by three days. It has been extended by three dayd more i.e upto 22nd Nov.16 and price band hasbeen reduced. I feel it will not sail through even at reduced rate.

Posted reply in wrong thread:

Face value can be INR 1, 5 10, this wont affect the issue price which should be close to 700. Only impact of reduced face value will be on the Equity share capital in balance sheet which will be halved than if face value was 10.

For a company which has grown at 10-11% and expected to stick to the same rate, P/E of 33 looks high, may be they are banking on the fact there are no listed competitors and they are the first one to be listed.

Sheela foam Ltd ipo bharna chahiye please advise

Yes, its fate will be like Green Signal IPO.

Face value can be INR 1, 5 10, this wont affect the issue price which should be close to 700. Only impact of reduced face value will be on the Equity share capital in balance sheet which will be halved than if face value was 10.

For a company which has grown at 10-11% and expected to stick to the same rate, P/E of 33 looks high, may be they are banking on the fact there are no listed competitors and they are the first one to be listed.

Sensex may go below 24000

Nifty 7700

FIIs selling pressure is huge

DIIs Fund Value erosion will impact MFs & industry as a whole

Price may be around 500 in this bearish climate.

If < 500 , Listing gain possible.

Sleepwell is considered as a luxury brand.

will impact purchasing power of the mass due to demonetisation , which in turn to the company also.

Congratulation MR FM.

Pakistan market near all time high and indian stock market now near 52 week low.