Somi Conveyor Beltings Limited IPO Message Board (Page 5)

Inflation @ 11:05% spooks mkts; banks, realty stks crash .
IN THIS BEAR MARKET IT IS RIGHT TO INVEST IN ANY IPO'S?

Zarbardast listing benefit hoga sure hai. Abhi market mein Premium accha mil raha hai. Benefits sure hai eis IPO mein.

MR.29. Gunjannaiya ,
how do you say market conditions will be bad till 7th july? if inflation is like this only then another 2- 3 markets position will be like this only.Govt not taking any actions on this. more over experts saying that its an expensive issue.
http://www.moneycontrol.com/india/news/ipo-issues-open/avoid-somi-conveyor-beltings-ipospa/00/07/343455

Hi. Can someone suggest me if i can apply for Somi IPO for listing gains, gray market premiun shows only preminum of 5/-.. pls advice

It is good IPO to invest for long terms returns.

post issue promter holding 52%
sale also consern
pe 33 on 31-3-8
opm good

market condition will bad positin till 7 july
listing will be 17 july
so listing gain

aaj ke market ki to thuk gaye kam se kam 500 points....

SP Tulsian has recommended to apply for SOMI IPO

Inflation @ 11:05% spooks mkts; banks, realty stks crash

gunjan u have any information about avon ipo retail subscription

SPA Securities has come out with a report on Somi Conveyor Beltings' IPO. It has recommended investors to ignore the issue.

The issue will open for subscription on June 24, 2008 with its initial public offering (IPO) of 62,27,860 Equity Shares of face value Rs 10 each. The issue will close on June 27, 2008. The price has been fixed at Rs 35 per equity share

yes gunjan u r right , this is not a good ipo .

market condition is very bad so, no responce to somi

me to isme puri 100000 ki appli karuga.

Jun 19, 2008 03:25 pm
Conveying some good tidings

Somi Conveyor Beltings is entering the capital market on 24th June 08 wait a public issue of 62.28 lakh equity shares of Rs.10 each at a premium of Rs.25 per share (total issue price Rs.35 per share). Of this, promoters are subscribing to 15 lakh shares while 47.28 lakh shares are being offered to the public.



The company is presently into manufacture of rubber conveyor belts with capacity of 1.68 MPA of width upto 1200 mm. The products of the company are used by cement, steel, power, fertilizer, sugar, coal and lignite, iron ore and mining sector. Presently, the company is more of a regional player catering to the industries located in Rajasthan. Financial performance of the company, though mediocre, has been showing a growth over the year. FY07 had topline of Rs.15.15 crores with PAT of Rs.1.35 corers while first 9 months of FY08 posted a topline of Rs.11.80 crores and PAT of Rs.96 lakhs.



The company is now doubling its production capacity from 1.68 MPA to 3.40 MPA as also capacity to manufacture rubber conveyor belt of higher width upto 2000 mm. This would give them a better realization as cost of production would almost be the same.



The total cost of project is estimated at Rs.35 crores, which is being financed by term loan of Rs.8.50 crores being availed from PNB and equity contribution of Rs.26.50 crores. Of this, promoters have already subscribed to 17.41 lakh equity shares at Rs.25 in April 07 and would now be subscribing to 15 lakh shares at Rs.35 per share. This results into an average cost per share of Rs.30, which is not bad against the issue price of Rs.35. Post issue promoters stake would be about 53% while 47% would with the public.



A good thing about the project is that all the machineries have been in place with the trials being carried out by the company and it hopes to start commercial production by August 08, thus having no gestation period for the new project. Also, the production of the new unit would be mainly to cater to the need of the existing customers as they all need conveyers of higher width. Hence, there is no need to hunt for the customers on starting the production.



However, if one needs to hunt for a negative in the issue, it could be the high equity base of Rs.11.78 crore and listing only on BSE.



However, the company falls into material handling segment which enjoys better earnings multiple on the bourses. Considering doubling of the capacity with width, issue price at Rs.35 is reasonably priced as it translates into an enterprise value of just Rs.50 core, of which Rs.35 crore is for the new project. Hence existing plant of similar capacity is being valued at around Rs.15 crores. Due to better realization from the new capacity, the company in its full year should be able to post a topline of over Rs.42 crores with PAT of Rs.5 crores, which would result in an EPS of Rs.4.25, translating into a PE ratio of about 8 times. Promoters experience in the sector is an added advantage.


Though the issue and company can be categorised into small cap, the issue price at Rs.35 looks reasonably priced and those who have medium term view, can go for the issue.

KSK Energy Ventures IPO opens on June 23
2008-06-18 14:07:43 Source : moneycontrol.com

KSK Energy Ventures, a company with experience in developing and operating power plants, proposes to enter the capital markets with a public issue of 3,46,11,000 Equity shares of Rs 10 each through 100% book building process. The price band has been fixed at Rs 240 to Rs 255 per equity share of Rs 10 each. The Issue opens on 23rd June 2008 and closes on 25th June 2008. The Issue will constitute 10% of the post-issue equity share capital of the Company.

Please tell me other comptaters for this company.. to compare the price values

another ipo must apply
ksk energy venture

why havnt they mentioned any compititor in draft :(
jonson rubber delhi is the major private compititor which has nice export market.
Somi p/e av.=5, as of mar 2007-p/e=10
http://finance.google.com/finance?cid=718890

Minimum application size is 7000/- (200 shares @35/- each) and thereafter in multiples of 7000/- each.