Hi Atul, Again you are on wrong track. you are comparing IT company with a company of gems and jewellery.
There are many IT Companies who have outperformed and also because their debt is too low. Mostly all It comapnies ha ve given excellent returns but i dont think any gems and jewellery section have outperformed in this market.
secondaly if you will check the management of than jewellery you will know what i am saying.there does not look to be good promoters either .it looks like a lala company like any samll company coming with ipo. even my uncle company have profits of 7 crore annualy that does mean he comes with ipo i doubt it will succeed as there is no much background or liking by foreign investors in such kind of stories and only 1 or 2 stocks out of 10 can be saved by manipulators.
do you know what brand name domino pizza is and its worlwide reach.
you say it or not markets are run by foreign investors if they put in money market will go high and will be a bull market if they pull out money market will be bear and go low.
decide urself we can meet on listing day to discuss
I think you are new to ipo market. why are you comparing profits with the stock price. If that is the case why is nhpc ruling at below issue price .
check comparision between jubilaint foodworks and than. jewellery:
1)firstly there has been no demand for this company.thats why it mearely got subscribed 1 time even though it is a very small issue 45 crore comapritively to jubilant foodworks which was subscribed 30+ times despite being 360 crore issue
2) secondaly the promoters of jubiliant is far beeter and have great growth prospects and foreign investors have great appetite for such kind of comapanies. foreign investors will be heavy sellers for than jewellery on day1
3)comapre than jewellery with its peers. gitanjali gems and renaiisance jewellery both much larger and greater presence than than jewellery are ruling at p/e of 5 so why does this stock deserve price of more than 50 rs.
4) you should save ur face for listing day and then come back. only manipulators can save this stock else it will crash on listing like eoro vision and if no buyers this stock will be below 35 rs in quick time while you blink your eye lid
The brokerage house has assigned the rate of 2/5 on the IPO indicating Neutral view on the IPO. The justifications provided by the company are as under:
The stock trades at a P/BV of Rs 1.60 on the lower side of the band and 1.71 on the higher side of the band of its quarter ending September 2009 book value Rs 43.70 a share. Looking at the post issue valuation, the stock trades at a P/BV of Rs 1.33 on the lower side of the band and Rs 1.42 on the higher side of the band of its post issue book value of Rs 52.47.
Considering the P/E valuation, the company is trading at a P/E of 4.34x times on the lower side of the price bandand 4.65x times on the higher side of the price band of its annualised FY10 EPS of Rs 16.12. Looking at post issue valuation, the company is trading at a P/E of 6.02x times on the lower side and 6.45x times on the higher side of its post issue annualised FY10 earnings of Rs 11.61 a share.
Hem Securities:
The brokerage house has recommended a Subscribe to the issue. The arguments provided are as under:
The company is bringing the issue at price band of Rs 70- 75 a share which will turn into P/E multiple of 5.65-6.06 at post issue earnings of Rs 12.37 (Basis net profit annualized 6 months ending Sept. 30, 2009).The company`s topline has grown at a compound annual growth rate (CAGR) of 75% from FY05 to FY09 while bottomline of the company has gown at a CAGR of more than 100% from FY`05 to FY`09. Looking at the peers valuation, company`s issue price looks reasonable at present level. Hence we recommend investor to `Subscribe` the issue.
Independent Analyst SP Tulsian:
Expecting an earnings of Rs 15 for FY`10 on conservative basis, share at the upper band of Rs. 75 is being issued at a PE of 5 times, which looks reasonable, while comparing with the other listed peers. Also, expected growth in the coming years can make the stock looks attractive, due to fall in its PE multiples. However, due to small cap status and being a regional player with presence in about 2 states, it may be a limiting factor for the stock.
Still, on an overall basis, stock at upper band of Rs. 75, looks reasonably priced, which is likely to give listing gain as well as gain over next 6-12 months.
hei, T C. What stupid word like this. compare jubilant PAT and this IPO PAT. Do you know one think. this company SALES Turn over up to 31.12.2009 is above 320 crore and PAT is Above 10 crore. and this company book value of share is Rs.53 in september 2009. there fore IPO expences including they are fixed Rs.75/-, in present market status 75*2.5 times worth. there fore 185 is actual price in year end of 2009-10, in addition 1 month they will give financial statement this stock is go above 200 in 2 to 3 month. you see and watch what happen. ( if you dont want this stock please sell this stock as Rs.30 in through delivery instruction i am ready to pay this even Rs.40)not in secondary market because secondary market is above Rs150/-).
THAMGAMAYIL TO LIST AT 50 RS AND WILL BE AVAILABLE BELOW 30 RS AFTER FEW WEEKS OF LISTING. NO DEMAND FROM ANY CATEGORY. HEAVY SELLING ON 1ST DAY TO PUT ADDED PRESSURE. THE OWNER OF THE COMPANY DOES NOT KNOW ANYTHING.
EVEN THOUGH IT WAS A SMALL ISSUE IT COULD NOT GET SUBSCRIBED HEAVILY
THE PROMOTER OF THE COMPANY DOES NOT KNOW ANYTHING.ITS LIKE A LOCAL COMPANY COMING WITH IPO. AFTER THIS EVEN I AM CONSIDERING COMING UP WITH AN IPO. I THINK GOVT SHOULD DISCOURAGE SUCH KIND OF IPO
I have applied for 1280 shares and alllocated with all 1280 and keeping my finger crossed for listing gains. Please do let me know the expected listing and when should i sell