Tata Steel Ltd FPO Message Board (Page 12)

At 1.00 PM (NSE+BSE)

QIB- 2.25 times
NII-1.21 times
RII- 0.52 times
Employee-0.02times

Total 1.31 times

192. Nasir

thanks a lot
but theres no live category wise details for today

@ jim jim,
The bid details are updated every hour by the NSE and BSE.

Total NSE+BSE bid details updated as at 1200 hrs

Qualified Institutional Buyers (QIBs) 1.81
Non Institutional Investors (NIIs) 0.93
Retail Individual Investors (RIIs) 0.40
Employees (EMP) 0.01
Total 1.04

category wise subcription figure OF TATA STEEL FPO

THANK U
183. Nasir

update TATA STEEL FPO overall & all 3 category wise subcription figure in evry 30 min

please update TATA STEEL FPO overall & all 3 category wise subcription figure in evry 30 min

THANK U

PLSSSSSSSSSSSSSS

please update TATA STEEL FPO overall & all 3 category wise subcription figure in evry 30 min

THANK U

P.M bolay swis bank may paisa jama karnay walay chooro ka nam desh ki janta ko nahi bata saktay,koi sandi ho gai hi, janta janna chay gi aisi sandhi kisnay ki.

@ 183. Nasir

Hi , how do you claculate the subscription figures as NSE india website give just the cutoff numbers which approximate the retail category but are not exact

Total NSE+BSE bid details updated as on 21 January 2010 at 1100 hrs

Qualified Institutional Buyers (QIBs)       0.81
Non Institutional Investors (NIIs) 0.80
Retail Individual Investors (RIIs)       0.31
Employees (EMP)       0.01
Total       0.59

For the financial year 2010, the company’s net sales declined by 30.5 per cent on a yearly basis, primarily due to a drop in sales of its European operation. Sales in Europe were down 40 per cent. It is worth noting that currently European markets account for 46.4 per cent of its net sales while the Indian market accounts for 26.2 per cent of its sales. While total sales dropped by 29.5 per cent, the total cost was down by just 27 per cent during FY10, leading to a loss. The company posted a net loss of Rs 2014 crore in FY10. Though the situation has improved since then in regard to its Indian operations, its largest market, Europe is still not out of the woods. This has affected the sales volume of the company on a consolidated basis. It declined marginally during the last quarter (September 2010). There was a little improvement on the pricing front which helped the company to offset the decline in volumes. The main worry is not what has happened in the past but what could happen in future. In the December quarter too (according to the RHP), the sales volume has declined marginally. The company lacked pricing power during the December quarter and this will result in a rather flat topline for the December quarter. Add to this the increased cost of materials and margins will surely come under pressure affecting the bottomline performance of the company as well. All this will surely impact the stock price.

In terms of valuation, the company’s last twelve months' earning is discounting the offer price by 8.48 times and 8.71 times to its fully diluted equity capital. This is available at a slight discount to other major players like SAIL that is trading at 12 times. This is probably because SAIL’s major revenue comes from the domestic market which is in a much better shape than the international market. But apart from the valuation what is also important to note is that the current offering of Tata Steel is available at just four per cent and seven per cent discount to its CMP of Rs 633. We feel that in such volatile market condition this is not a very huge arbitrage opportunity providing a comfortable cushion to investors, in case the share price goes down – a scenario which could well materialise considering that performance of steel companies is likely to be hampered by higher input costs. This is also what results of SAIL have been suggesting. Moreover, we feel that the situation in the commodity market whether it is raw material or finished products is not stable and hence we suggest our readers to avoid the issue currently and a better opportunity will appear in the next few quarters to enter the counter.

Dear sreedhar,

Please give your feedback regarding Tata Steel FPO.

Regards
Raghu

156. KK Natarajan

please update TATA STEEL FPO overall & all 3 category wise subcription figure in evry 30 min

Shreedhar,

What is your advice on Tata Steel FPO. Please let me know

hello anybody can me answer my query i didnt get reply.i repeat my question ."are there chances of ban on f&o of tata steel after fpo complete?" please reply

156. KK Natarajan

please update TATA STEEL FPO overall & all 3 category wise subcription figure in evry 30 min

I am applying for TATA Steel.... Let me check my luck :)

Please sreedhar...

DEAR SREEDHAR,

WE ARE YOUR SILENT READERS AND FOLLOWERS.

TAKE CARE OF US.

NOT APPLYING FOR TATA STEEL FPO.