SJVN Ltd (Satluj Jal Vidyut Nigam Ltd) IPO Message Board (Page 18)

Research team of bloombergutv had concluded that fair price of sjvnl is between 30-35 .
This was telecasted a week back on this channel.

EPS OF NHPC RS.1 ONLY

Hi Gem,

What are your views on Barak Valley Cement. Have you done any further research. Please share, i am eagerly waiting for your reply

DONT FORGET SJVNL IS ONLY 1050 CRORE ISSUE WHEREAS NHPC WAS 6 TIMES BIGGER THAT IS 6000 CRORE ISSUE.

EVEN THOUGH NHPC IS LARGER IN SIZE STILL SJVNL P/E IS AVAILABLE AT HALF P/E THAN NHPC. IF NHPC IS AVAILABLE AT 30+ P/E SJVNL DESERVER P/E OF 24-25.

THAT MAKE ME CONCUDE SJVNL FAIR VALUE IS BETWEEN 30-35

Allotment date???

I agree to your comment, 25 to 30% discount mentioned by Manaraja dosen't have any justification.

Guna,
In the first line you say 25- 30. Percent loss, second line u say 2 rupees profit, what do u want to say buddy?

I agree to Maharaj comments on 25 to 30% discount. There is no justification. From my point of view, retailers will gain atleast 2 RS / Share. (Note that retailers will have 5% discount on issue price. ie 24.7Rs)

Reasons:
IPO / CARE given a rating of 4 (Above Average)

when the asba amount will realise

583 Maharaj,

What is the logic behind ur prediction of 25 - 30 percent loss on listing?
If you claim something , please provide some logical reason behind it , baseless claims would find no takers ...

NEW DELHI: The LOOT price of the initial public offer of the state-run hydel power company SJVNL has been fixed at Rs 26 a share, which will fetch the Centre over Rs 1,000 crore.

According to information available on the Sebi Website, the LOOT price has been fixed at the upper end of the price band of Rs 23-26 a share. At this price the government will be able to mop up Rs 1,079 crore from the first selloff process of this fiscal. This is also lowest amount raised so far from divestment since the Manmohan Singh took charge for the second term last May.

Through the public float, the Centre has divested 10 per cent of its 74.5 per cent stake constituting 41.5 crore shares of Satluj Jal Vidyut Nigam (SJVNL).The IPO closed on May 3 and had received a resounding response from investors.

Unilke other LOOTs last fiscal, this LOOT got subscribed a whopping 6.61 times--the best in recent times. The offer also saw a robust participation from retail investors with the portion reserved for them getting subscribed 3.11 times.

SJVNL is the sixth divestment deal by the UPA government in its second term. Most PSUs divested by the UPA in the second term did not get good response from the retail investors.

SJVNL is a joint venture between the Centre and Himachal Pradesh with the former holding 74.5 per cent stake and the latter 25.5 per cent. With 10 per cent equity dilution, the Centre's stake would come down to 64.5 per cent.

The current power generation capacity of the company stands at 1,500mw and it plans to augment this capacity by about 1,200mw by the end of the current Plan.

After listing SJVNL will be available at 25% - 30% discount and will drink blood like NHPC. This is good news for all retail investors as they don’t have to wait for another IPO / FPO (Idiot / Fool Public Offer)

i have a feeling that sjvnl will not cross 29.5-30 range it will stay below 30 at any market conds.

lets find out what happens on listing.

i will sale all my 9 full and 2 half applcn allotment at rs.29 for sure, and moov into nhpc at 29.

sjvn is a value stock whereas nhpc is a growth stock

BJ

following are the reasons that supports my theory of same price for nhpc and sjvn -

1) both co have almost same book value.
2) at Rs 29 both co will have same mcap to mw ratio.
3) for the next 2 yr sjvnl will have no capacity addn whereas nhpc will be adding some capacity, so forward earnings 2 yrs down the line are same for both co.
4)nhpc is much biiger co and has pan india presence, whereas sjvnl is hp focussed co, sjvnl sales its 12% of power produced free of cost, so its undervaln wrt nhpc will be discunted, means inspite of nhpc's eps of rs.2 and sjvn's rs 2.5, nhpc will be better if prices are same

GEM IPO FINDER,
Just eager to know what makes you feel that the share prices of nhpc and sjvnl will be so close?

Hi Ravi,Bangalore

No message 565 is not by me .its from someone else using my name,

According to me share will give decent listing gain of 4-5 Rs to retailers. It is excellent stock in one portfolio.

Usually people dont understand that this time govt priced the issue very well at 14 p/e whereas NHPC was priced above 30+

i think fair value of sjvnl is around 32-34 Rs.
people considered same thing for Oil Inida but as it was priced well at 10 p/e it give decent listing gain.

I will buy more shares of sjvnl if it list below 28 Rs.

BJ

IT WILL DERIVE ITS VALUE FROM NHPC ONLY (+)(-)0.50/SH
IT WILL NOT CROSS NHPC BY RE 1/-.

NHPC is showing strong resistance at 29.50 even in the weak market condition sothat it is may not fall below 29.50. so that SJVNL will list at a price of 26 or above if market is positive.

GEM IPO FINDER,
Assuming nhpc will not go below 29 , do you think its possible for sjvnl to list at this level?

PRINCE,

KEEP ON TRACKING NHPC, SJVNL WILL LIST SOMEWHERE CLOSE TO THE CMP OF NHPC AT THE TIME OF LISTING

SJVN'S IPO was oversubscribed. In retail it is 3.1160 times. in Other segments also oversubscribed. So, Who ever applies for more than 1000 shares will get atleast 250 shares. On listing even if it quotes at Rs.26, retail investoprs will get 5% profit ( as Discount) . So Annualised it is more than 120%. Here we discuss about Only about IPO (Initial Public offer). If you do not sell your shares with in short time, you are deemed to be in Secondary market.