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SJVN Ltd (Satluj Jal Vidyut Nigam Ltd) IPO Message Board (Page 35)

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251. Sja |   Link |  Bookmark | May 3, 2010 10:12:30 AM
Why Subscription details are not visible at NSE or BSE? Is this issue closed? What are subscription details in each categories? Experts please help!!!
250. bj |   Link |  Bookmark | May 3, 2010 10:12:16 AM
What is the latest over subscription figures?
249. Jayant |   Link |  Bookmark | May 3, 2010 9:32:03 AM
Hello,

My prediction was 100% accurate in last six months.

NTPC - will not go more than 209/- in last and interim case.
NHPC - Average 0.25 paise per day down
NMDC - Average 1.00 Rupee per day down.

My all the above three prediction was 100% accurate hence please don't write any joke here that "ntpc(target-227 next 15 days)"

Only i have sold all NHPC @ 36/- on listing days when everyone was buying, only i have sold all NTPC @ 221/- and not applied to FOOL Public Offer, only i have sold all NMDC @ 401/- and not applied to Fool Public Offer as i knew this Govt main motto is to LOOT at maximum rates for three years.

We all have decided not to apply in SJVNL as this will alos be "GURUUUUU" of NHPC (Nahi Hai Public Company)as all these copanies are Swiss Bank of India ki company hai.
248. Jayant |   Link |  Bookmark | May 3, 2010 9:30:55 AM
My prediction was 100% accurate in last six months.

NTPC - will not go more than 209/- in last and interim case.
NHPC - Average 0.25 paise per day down
NMDC - Average 1.00 Rupee per day down.

My all the above three prediction was 100% accurate hence please don't write any joke here that "ntpc(target-227 next 15 days)"

Only i have sold all NHPC @ 36/- on listing days when everyone was buying, only i have sold all NTPC @ 221/- and not applied to FOOL Public Offer, only i have sold all NMDC @ 401/- and not applied to Fool Public Offer as i knew this Govt main motto is to LOOT at maximum rates for three years.

We all have decided not to apply in SJVNL as this will alos be "GURUUUUU" of NHPC (Nahi Hai Public Company).

247. Newipo |   Link |  Bookmark | May 3, 2010 9:22:10 AM
12 days listing is rule applicabal in SJVL and J P ?
246. S.Nathan |   Link |  Bookmark | May 3, 2010 8:28:28 AM
I think sjvnl will list 10 to 20 % discount, and j.P infara 40% discount, it is best stratge to buy sjvnl at rs. 10 to 15 and j.P at about 55.
245. PRINCE |   Link |  Bookmark | May 3, 2010 7:55:13 AM
hi gem ipo finder

thankssssss

sir,main aapke sare coments pad ta hu lekin yeh government company hai or power secter hai,is liye tho jyada sochna pad raha hai,
aqage maine i bull power me kafi paise diye hai,ha lekin our ipo me kafi paise mile bhi kai.........
thanks sir,,,,,,,,,,,
princeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
244. Saharanpuri |   Link |  Bookmark | May 3, 2010 12:54:48 AM
WHY ARE TEHRE NO ANCHOR INVESTORS IN BOTH THE CURRENT IPOS SJVN LIMITED N JAYPEE INFRA

THERE IS SOMETHING FISHY ABOUT THESE IPOS THAT THERE NO ANCHOR INVESTORS.
243. RAMKUMAR |   Link |  Bookmark | May 2, 2010 11:19:11 PM
Motilal Oswal Securities, a leading broking firm said that IPO of SJVN is fairly priced. The rationale is as under:


Earnings growth expected to be muted in the near term:

Near-term earnings growth is a function of (1) revision in tariff as per new CERC norms (RoE of 15.5% v/s 14% earlier) from FY10, (2) approval of higher project cost (Rs1.4b) for Naptha Jhakri project, and (3) incentives given for continued superior operating performance. We expect SJVN to report pre-exceptional net profit of Rs9b in FY10 (reported profit of Rs8.3b), Rs9.1b in FY11 (up 0.8% YoY) and Rs9.3b in FY12 (up 2.1% YoY), considering the new CERC norms.

Risk factors:

> Project risk: SJVN derives its earnings from one project and is, thus, exposed to hydrology risk in the region. This could impact its earnings significantly. Dependence on the one power project would continue till FY14, till the Rampur hydro power project is operational.

> Geological surprises during construction: Construction of a hydro project carries significant geological risks. Also, the terrain is difficult. This may lead to higher project construction time, in turn leading to higher project cost, which would have to be approved by the regulator
242. RAMKUMAR |   Link |  Bookmark | May 2, 2010 10:49:36 PM
EVEN UDAYAN MUKHERJEE OF CNBC FINDS SJVN IPO NOT VERY ATTRACTIVE WITH NOT MUCH LISTING GAIN.
it is priced a little bit better than NHPC was. To that extent, investors probably have a far less fear of losing money like they did in the NHPC issue. It is not a pie in the sky and has already got 1500 MW operational. They want to scale up to 5,500 MW over the next 5-6 years. So, it is not that it is starting from zero.
It has got a reasonable book value of about Rs 16. That is for the current year and even if you map it on Rs 26, the higher end of the band, it is coming at a price to book of about 1.6, which is pretty much the kind of range that NHPC is trading at post issue. It is not aggressively priced and there is reasonable return on equity. Have they left a lot on the table at the upper end? Not quite, but it would be surprising if Satluj was to list at a discount.
In the medium- or long-term, you can say that it is reasonable power company to hold on to. In the short term, will there be major listing gains from the top end? Maybe not, maybe the stock will list Rs 1-2 higher than the issue price and then sort of flattens out waiting for the expansion or the additional capacity to come in.
At least what they have done is not priced it like NHPC, where the chances of losing money were fairly high. It is better priced but no runaway upsides. You should not think this will be a Cox & Kings or a Jubilant Organosys. At 1.6 times price-to-book, it leaves probably just about 5% on the table.

241. bj |   Link |  Bookmark | May 2, 2010 10:37:16 PM
What is the cutoff time for ipo in indiabulls?

240. gnpgog |   Link |  Bookmark | May 2, 2010 10:17:38 PM
IT WIL BE FIRM ALLOTMENT TO ALL THE RETAIL INVESTORS AND MAY LIST AROUND 27.SO CHANCES OF MAKING SOME PROFIT ARE THERE.
239. SUJAL |   Link |  Bookmark | May 2, 2010 8:46:08 PM
BHAYA KOI BATA SAKTA HAI SJVNL KA PRIMIUM KYA HAI?
2/3 PRIMIUM HAI YA DISCOUNT HAI?KYA KOI BATA SAKTA HAI?
238. PRINCE |   Link |  Bookmark | May 2, 2010 8:43:24 PM
HI ,GEM IPO FINDER

SIR , AAPKA FINAL OPENIUN KYA HAI SIR,,,,,?
MERE PAS 4 ACCOUNT HAI OR 4 FULL APPLY KAR SAKTA HU,PURA AMOUNT LAGA DENA FAYDEMAND HOGA?
OR PRIMIUM 2/2.50 MIL SAKTA HAI?
OR AGAR MARKET KE 600/700 POINT CRASS HO JAY TO SATLAJ DISCOUNT JA SAKTA HAI?
PLEASE REPLY SIR,,,,,,,,,,,,

PRINCEEEEEEEEEEEEEEEEEEEEEEEE
237. WiseOwl, Perth |   Link |  Bookmark | May 2, 2010 8:33:36 PM
IMHO, SVJNL has superior fundaments & offering valuation to the closest listed peer NHPC. The downside risk is slightly lower than the market risk, considering the retail discount. So this can be strongest contender for funds that you may have specifically earmarked for IPO investment, among issues open currently.
236. Manooj |   Link |  Bookmark | May 2, 2010 8:23:26 PM
Yah co. Bhi NHPC ke tarah loot kar bhag jaygi.
235. bj |   Link |  Bookmark | May 2, 2010 6:14:35 PM
GEM IPO FINDER,
I don't think retail will subscribe 4 to 5 times since for retail investors 300 crore rupees worth of shares are ear marked, also negative sentiment with respect to psu companies and recent terrible listings will force retail investors to stay away....
234. GEM IPO FINDER |   Link |  Bookmark | May 2, 2010 6:09:03 PM
CURRENT GMP ALSO SUPPORTS MY EXPECTATIONS
FOR SJVNL IT IS 0.6/SH MEANS PROFIT = 2/SH

FOR JP IT IS 5 MEANS PROFIT = 8/SH
233. Raj |   Link |  Bookmark | May 2, 2010 6:00:37 PM
The below message was for jaypee's view of yours. Most of the bids are on lower end (almost 90% till yesterday)As for SVJN, It'll be last hour efforts to see and decide the price at which one should apply. If more retailers go for cut-off, I'd skip. If more are price bids, I'll put 1Lac at 23 and will keep fingers crossed.
232. Raj |   Link |  Bookmark | May 2, 2010 5:57:11 PM
@ 234.

How can you expect a lower price band being fixed and 3 times the retail subscription? We have a 2 days gap to know the exact figures and already QIB are 1.5x, NII are almost half with total is just about full subscription.

Either the promoters are fools or you are trying to mislead junta by such comments. All company that gets full subs go for higher price band in a thumb rule of ipo market. Though NMDC/NTPC differs since they are govt companies and they wanted to leave something for not so excited retail investors.