Shekhawati Poly-Yarn Ltd IPO Message Board (Page 14)

GOOD BYE 2010

HAPPY NEW YEAR 2011 TO ALL BOARDERS

I HAVE DONE STOP PAYMENT FOR MY SEVEN APPLICATION FOR 1400 SHARE

I HAVE APPLIED SEVEN APPLICATION OF 1600 SHARE. I HAVE MADE STOP PAYMENT FOR ALL THE ACCOUNT

my cheques in jaipur cleared.for shekhawati

Madhur-I have applied through SBI-ASBA. Dont know about other banks

I was given to understand that Shekhawati has no ASBA possibility. Even while applying on phone, HDFC Securities executive told me so. However, the 10.4x newsclip says that thousands of applicants have availed of ABSA. How did that happen? Was it available only for HNIs & QIBs and not in retail?

God knows what all they are upto.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Brickwork Ratings (BWR) has assigned BWR IPO Grade 1 to the proposed IPO of Mid Valley
Entertainment Limited (MVEL). Brickwork Ratings ‟BWR IPO Grade 1” indicates poor
fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns
IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong
fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed
equity securities in India.

The grading factors MVEL’s promoters experience in management of malls and multiplexes.
However, the grading is constrained by small size of operations, declining operations in the last
2 years , four prior unsuccessful attempts by the company to raise funds through IPO, promoters
lack of experience in entertainment business, litigation with income tax department for non-
payment of tax dues, the promoter companies of MVEL and the group companies incurring loss,
very preliminary stage of project implementation, no independent appraisal of the
project/project cost and project funding fully from IPO proceeds. Promoters are not
participating in the means of finance and their post holding equity holding will decline from
current 49.9% to ~34%. The company operates in media and entertainment industry which has
high revenue volatility and suffers from video/audio piracy.

Midvalley Entertainment IPO to open on Jan 10

South based media & entertainment company Midvalley Entertainment (MVEL) will be launching its Rs 60 crore initial public offering (IPO) on January 10, 2011.

The issue will close for subscription on January 12. The price band and minimum bid lot will be announced soon.

It is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages.

Issue proceeds are proposed to be utilised for entering into screening agreements with 300 cinema theatres; renovation and up-gradation of cinema infrastructure with digital equipment and other related assets for a select 100 screens; and acquisition of company, acquisition of screening rights of company having similar line, range and objects of business.

Current promoters Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Pte Ltd hold 18.96%, 8.62% and 21.88% stake respectively in the company.
Equity shares are proposed to be listed on Bombay Stock Exchange.
Aryaman Financial Services limited is the book running lead manager to issue.

I am happy that people are taking their own rational decision to invest/ avoid rather than completely depending upon the so-called experts who confirmed that RKDL will list @20% dis and PSB will list and hold @ 150. It seems that they are guessing rain by seeing the cloud in the sky.Thanks to Sreedhar/ Natrajan/Hardesh and other experts who are giving valuable comments for the benefit of all.

Happy new yr to all and SPY will rock in '11. Octopus Paul bani :)

Shekhawati Poly-Yarn IPO subscribed 10.4 times
Published on Thu, Dec 30, 2010 at 20:27 | Updated at Thu, Dec 30, 2010 at 20:36 | Source : Moneycontrol.com

The initial public offer (IPO) of textile firm Shekhawati Poly-Yarn closed for subscription on Wednesday, December 29. The issue has been subscribed 10.4 times so far, as per information provided by its registrar Sharex Dynamic (India) Pvt Ltd.
It has received bids for 12,47,93,770 equity shares as against issue size of 1.2 crore equity shares. The company has collected Rs 374.38 crore at issue price of Rs 30 a share as against its IPO size of Rs 36 crore.

Since it was a fixed price issue, hence the complete information about the subscription will be disclosed by next week, the registrar says.
The company has received 22,226 applications for its IPO in total, including 5,792 through ASBA. 7,883 applications through HDFC Bank and the rest 8,551 via IndusInd Bank.
The issue will constitute 54.54% of the fully diluted post issue equity share capital of the company.
Shekhawati is presently engaged in manufacturing of texturised and twisted yarn. Now it proposes to commence manufacturing of Knitted Fabric from Texturised Yarn, being one of the objects of the proposed public issue.
Issue proceeds are proposed to be used for buying 30 new twisting machines and installation of 30 new knitting machines; buying corporate office at an estimated cost of Rs 325 lakh and working capital requirements.
After this expansion, the company will have 35 machines for twisting yarn with a capacity of 4,620 MTPA, 30 machines for knitting yarn with 1,980 MTPA and 20 for texturising yean with capacity of 27,400 MTPA.
Hem Securities Limited is the book running lead manager to the issue.

see NEW FOR SUBSCRIPTION >10 TIMES DETAIL VISIT http://www.moneycontrol.com/news/ipo-issues-open/shekhawati-poly-yarn-ipo-subscribed-104-times_509439.html

DO NOT WORRY, SHEKHAWATI POLY WILL GIVE GOOD RETURN. DU TO IT IS A VERY SMALL IPO THEREFOR NO MORE NEWS I

Since I invest form loan account I hv stopped majority of cheques for SPY as the return wud hv not covered the interest cost.GMP is very low.

fundamentally speaking this was always a poor stock.

thanks vishal
this is my first share so i was worried a little bit. by the way i am barkha from Kanpur

SHEKHWATI LATESTS PREMIUM IS 3/3.25

LOOKING TO FIGURES THE RETAIL WILL BE 10/12 TIMES.

NOTHING TO WORRY.

@ new comer IPO

Put stoploss 338 for IOC and wait for EGoM to hike Diesel price. Any hike in Diesel price > 2 Rs should boost IOC.

Dear Saharanpuriji,

Have you stopped the cheques ?

Natrajan / Shreedhar

I have applied two full application of Rs two lac each through ASBA.
I m worried as GMP has come down.
Is there any way to cancel ASBA application ???????????
IF so plz let us know...
Or should I wait for listing and exit immediately.
thnx in advance

@244, Durai Raj,
I will wait for purchasing another 75 @235, may be tomorrow or in new year :)
I will try to enter Marg, but the construction is industry is not performing well @the moment... so bit hesitant on entry in tht counter, lets see.

But 145 - 148 is good range to enter ? as today it was closed on 148.70

252. new comer IPO
Don`t worry u`ll come in profit next year...let its FPO come