Technofab Engineering Ltd IPO Message Board (Page 4)

TECHNOFAB ENGG A SMALLCAP AT 240 CRORES WITH SALES OF 200 CR IN MARCH 10 BUT ORDERBOOK OF 533 CRORES IS GETTING LISTED ON 16 TH JULY 2010 .JUST GRAB ON LISTING FOR POSSIBLY ANOTHER ARSS.

Technofab Engineering, since its inception 38 years ago, has slowly made its mark in the EPC segment. It is still a comparatively small company having FY10 revenues of about 200 crores, but sales and net profit have increased by a CAGR of about 40% each over the last 5 years. Having prestigious clients such as BHEL, NTPC, LITL etc, the business model of the company is diversified across 6 segments, namely electrical, industrial infra, waste water management, nuclear, oil and gas and conventional power. The company has a healthy current order book of about 533 crores as on 31st March, 2010, average fundamentals, and a low risk business model.

The issue is also efficiently priced at a P/E of 9.08x times on the lower side and 9.87x times on the higher side of its FY10 EPS of Rs. 25.33, which is at a discount to its peers in the industry.The offer is fairly priced compared to its peers like Sunil Hitech Engineers, Shriam EPC, McNally Bharat Engineering Company and Hindustan Dorr Oliver which trade in the range of 12x – 26x their FY10 earnings.

The company’s OPM in FY 2010 was 16.8%, which is high compared to other players in the industry who enjoy OPM of around 10‐12%

The company has a Rs. 5.3 billion order backlog as of 31st March 2010, which is equivalent to approximately 2.7 times FY10 revenues of Rs. 2 billion. This gives decent visibility of revenues as these orders are executable over the next 12-20 months. Also, the 41 projects in progress are spread over various segments of infrastructure such as conventional power, nuclear power, Rural electrification, Water and waste water treatment, Road and industrial infrastructure. giving comfort over sectoral concentration of revenues.

At the upper price band of Rs. 240 stock will trade at 13.2X FY10 EPS and 8.8x FY11 E EPS. IMPLYING AN EPS OF 27 RS FOR MARCH 11.


HDFC Sec has the following recommendation on the IPO of Technofab Engineering,

TEL has strong revenue growth, improving margins and order book of Rs.5.3bn, which is 3.5 times of its 12 months ending March 2009 (FY09) (2.7 times its 12 months ending March 2010 (FY10) revenue). It reported strong revenue growth of 34% in FY10, 84% in FY09 and 33% in FY08, with the EBITDA margin improving to 16.8% in FY10 vs 14.5% in FY09. Despite increase in revenue in FY10, TEL kept its working capital requirements at a low level. Gammon India Limited (GIL) acquired a 15.7% stake in TEL in FY07, and the association has benefited TEL by enabling it to bid for and secure projects for which it was not previously eligible due to net worth and/or revenue criteria.

HI,ANURADHA

MERA BHI REFUND AAJ HI AA CHUKA HAI......
ENJOY ....ALL THE BEST......




HI, TANUSHREE

DONT PENIC AARAM SE 32/35 PRIMIUM MILL JAYGA.

PRINCEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

sab bakwas, actual gainer is,who book the profit, listing will be around 30p,there is no buyer at ahemdabad or jaipur more than 35, seller is more than buyer

To gem ipo finder
i hav 41 share of technofab.
what to do?

PRINCEEEEEEEEEEEEEEEEEEEE,

MUJE REFUND MIL GAYA.

Latest GMP in jaipur
Technofab:- 39-40(only buyer, no seller even at 42)

Guys enjoy the listing, It will definitely touch 300 on listing day
Don't sell on listing day, Try to add more

dear priyanka, i have just checked with my bank,ecs oftechno fab is credited today..

Refund of Technofab credited in Bank Accounts today in Delhi

Refund is still not credited into the icici a/c Is it possible that Techno Eng can list tomorrow even if refund is not made by today ?

Guys,
Current GMP is around 38.50 Rs, Big operators are active in this script, No one is selling the share, everyone wants to buy.
Don't sell on listing day as not much amount is invested everyone has got at max 41 shares in full application(9860 Rs)
Try to accumulate more on listing day
and see the result in 1 month(at least double from the issue price)

current gmp of ..TECHNO FAB...IPO...37..ONLY BUYER....IN AHMEDABAD..........NO SELLER.........IF SOMEONE HAS GOT ALLOTMENT OF TECHNO FAB SHARES WAIT FOR SOME TIME DONT SELL IN HURRY ON LISTING...

332. K.K.Natarajan

I have only one full lot. Expecting minimum Rs.30 listing gain. However, after listing, I refer to intra-day chart before taking decision.

hello priyanka(327)....where did u get dis info from?

Notice no : 20100714-39
Notice date : Wednesday, July 14, 2010 6:43:05 PM
Subject : : Listing of Equity Shares of Technofab Engineering Limited
-----------------------------------------------------------trading Members of the Exchange are hereby informed that effective from Friday, July 16, 2010 the equity shares of Technofab Engineering Limited are listed and admitted to dealings on the Exchange in the list of B Group.
Name of the company
Securities
Market Lot Scrip Code
Technofab Engineering Limited 1,04,90,000 Equity shares of Rs.10/- each fully paid-up.
Distinctive numbers:
(1 to 1,04,90,000)

One Share
533216
Registered Office:
Technofab Engineering Limited
507, Eros Apartments,
56, Nehru Place,
Delhi 110 019
Tel: +91 11 2641 1931
Fax: +91 11 2622 1521
Email ID for Investor Grievances:
investors@technofabengineering.com
Website: www.technofabengineering.com
Abbreviated Name on BOLT System
TECHNOFAB
Scrip ID on BOLT System
TECHNOFAB
ISIN No.
INE509K01011
Issue price: Rs. 240 Per share (Face Value of Rs. 10/- and Premium of Rs. 230).
A discount of Rs. 20/- was offered to Eligible Employees
Date of Allotment: July 13, 2010

LISTING



CIRCULAR




Download Ref no. NSE/CML/15208
Ref. No. NSE/LIST/C/2010/0631 Date: July 15, 2010


To all Members,



Sub: Listing of equity shares of Technofab Engineering Limited (IPO)



In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from July 16, 2010 and the designated security codes thereof shall be as specified in Annexure.



In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.



For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.



This circular shall be effective from July 16, 2010.



For and on behalf of

National Stock Exchange of India Limited.







Hari K.

Vice President

For 329/331 Please search in the net You will get everything If not I will send you the link Goood Luck

SKS Microfinance Pvt Ltd operates as a microfinance organization and non-bank finance company. It provides financial services, including insurance, education, and consumer loans to women in India. The company also offers interest-free loans for emergencies, as well as life insurance to its members. It offers loans for various activities, including livestock, agriculture, trade, production, and businesses. SKS Microfinance Pvt Ltd was founded in 1998 and is based in Hyderabad, India.



SKS Microfinance is India's No 1 and world's No 2 Microfinance Company, having provided loans over INR 12,605 Crores (USD 2.7 Billion) and has maintained loans outstanding of INR 3,923 Crores (USD 846 Million) to 64,05,803 women members in poor regions of India. Borrowers take loans for a range of income-generating activities, including livestock, agriculture, trade (such as vegetable vending), production (from basket weaving to pottery) and new age businesses (Beauty Parlor to photography). SKS also offers interest-free loans for emergencies as well as life insurance to its members. Its NGO wing SKS foundation runs the Ultra Poor Program.



SKS currently has 1676 microfinance branches in 19 states across India. SKS aims to reach members 15 million by 2012. In the last year alone, SKS Microfinance has achieved nearly 170 % growth, with 99% on-time repayment rate.

open-: 28 july close-:30 july

Dear Sreedhar, & Ravi Bangalore,
What is your advice regarding selling Technofab shares? I have two lots of 41 each.

Priyanka,
Where did you get the info about forthcoming issues ? This seems like a huge lineup, secondary markets will suffer, if this much money needs to be taken out in the next few weeks. What do you guys think?

Dear Ravi,
Thanks for your original and unparelled analysis.You are an asset to this blog.