Titagarh Wagons Limited IPO Message Board (Page 6)

hahaha shere punjab i m sure more people will be with me rather than u.
dont u undertand simple logic why everyone is running away from indian market.
Do u know hong kong is up nearly 2000 points this week,even shangai is up 3% today,pakistan market also at all time high and there is no other global market except india which has gone so down from 21000 levels to 15800 levels.

I am sure everybody will agree with me whososver have knowledge about market that volume have drop from 125000 crore to only 45000 crore in april again thanks to chidambaram .there is only 1 and only 1 person responsible for this that is finanace minister
why he thought increasing stt will let govt earn more when the volumes have dropped now because day traders are revolting.
why has he not allowed the banks to decrease interest rates
which all countries are going through due to liquidity crunch,
u must know why will f1 invest in india where there is more tax they will run away to markets like hong kong,taiwan or pakistan
instaed mr chidambaram should have mad it easy for f1 to invest in india
its all his policies ban pnotes,increase stt ,increase intereset rates.can tell 1 policy made by him which will benefit capital market.
Do u know if u study anything pakistan had decreased the service tax in capital market for more companies to invest in it.
what has mr finanace minister done he has just caught up between inflation and how to earn votes by giving relief to farmeres without thinking about retilares and middle class people who invest in capital market.
Let tiatagarh list and it will answer all your queries

could any body tell me allotment date of SBI Rights Issue.

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

Mr Patil dont go by P/E nowdays u have no knowledge can u justify why gss america went to 600+ and onmobile also at so high P/E
and why is supreme infra and empee distilliry both good companies recently listed are at below 5 P/E
there is no P/e is stock market its all about manipulation.
looking at so high price of Titagarh i dont think it will list anywhere above 400 in any market condition as it is demand and supply and already so many stocks available at so checap price in secondary market i dont think it should close on listing above 400 rs

I MA GAIN SAYING CHIDAMBARAM OUR GREAT FINANACE MINISTER IS REASON FOR OUR CAPITAL MARKET NOW.
LOOKING AT GAMMON LISTING TODAY EVEN THOUGH PRICED AT 167 RS
TITAGARH WILL LIST AT AROUND 350-400
DUE TO CHIDAMABARAM RETAILERS WILL KEEP INCURRING LOSSES
I AM AGAIN SAYING BOYCOTT ALL IPOS CHIDAMABARAM HAS NOT DONE ANYTHING FOR CAPITAL MARKET INCREASED STT RATES WILL GO ON INCREASING INTERSET RATES BOTH BAD FOR MARKETS.
INFLATION INCREASING WHAT HAS CHIDAMBARAM GIVEN U EXCEPT LOSS AND LOSS TO RETAILERS AND THEN HE GIVE EXCUSE THAT GLOBAL MARKETS ARE WEAK WHEREAS ALL GLOBAL MARKETS HAVE GONE HIGH IN FEW DAYS. WHAT A BAD FINNACE MINISTER.PLEASE REVOLT

Dont listen to some idiotic comments posted here (like the previous one). This shows that they have no clue how the market runs. lol. Stock price moves purely on FY09 estimates and demand and supply, not on idiotic estimates.. 210 it seems!! :) TWL FY09 estimated to be around 50, so now way it can trade below 500. Also its peer Texmaco trading 30 times FY08, so TWL should list at atleast 25 times FY08 == 650 rs/share.

titagarh to list at 330 rs will go to 210 price quickly on listiing day.
promoters will offload share immediately due to them been issued shares at around 270 rs this is just to make retailer fool as
promoters have been issued shares at 540 rs and then provided 1:1 bonus making their average cost at 270 rs so they will sell at 330 rs because they will make profit at 330 rs also

hai guys and gals one bit of surprise regarding titagarh is that one large fund promoted by famous George Soros and Govt. of Singapore have invested heavily in this issue now the price has been set at 540/- the lowest, Operator knows that Quota of FII & Domestic institution and Mutual Fund will get proposionate allotment, they will try to enter around 540/- level to either make for short fall or buy higher from the market..................enjoy guys this is genuine news coming directly from horses mouth , U would not believe this but this share will surprise everyone including those investor who missed the bus. enjoy i will keep u informed as soon the news comes to me i will update on this fourm to my genuine investor friends and well wishers thanks and keep on supporting......................

Issue price has been fixed Rs 540/- per share and this information is also available on CNBC TV News channel

Company Expected Allotment Date Expected Refund Date Listing Date
Gammon Infrastructure Projects Limited 27 March 28 March -------
Sita Shree Food Products Limited 28 March 31 March -------
Kiri Dyes & Chemicals Ltd 16 April 17 April -------
Titagarh Wagons Limited 10 April 11 April -------

Looking at current market situation this stock may list anywhere between 400-440.if market condition are good at that time it will list near 565 but will quickly move below 500
there is nothing in this stock.
Mundraport largest port and sez is available below 600 so who will buy this stock no one

hai finally titagarh issue is prized at 540/- this is again much to the relief to the small investors, i know every genuine knowledgeable investor however, big or small have invested in this pricy issue, i too have participated in this issue only after through reading and whatever information available through friends and well wishers of Jaipur and Ahmedabad. I also congratulate those investor who spotted this unique oppotunity by subscribing this issue though slightly costly but again i said before "good thing never come cheap, you have to pay to get rewarded. There is many (+) than (-) as small bit of information available to Mr. Saharanpuri but after through investigation I find this company very attractive at 540/- & have invested huge sum in this issue. People with little knowledge or gossipers or those who lost huge sums of money in Hanky Panky issue spread all kinds of wrong information just to induce genuine investors to sell on listing at whatever price, Hold on investor just wait and watch to see the real worth and price of this good issue.............may be on April 16 or 17 u will find the answer

Lot of people get carried away by Grey market premiums. For two days i.e. immediately after closure of issue for 28, 29 and 30 the grey market premium was mentioned as discount which suddenly becomes 10 to 30 Rs. So much for grey market premium. Go by the fundamentals by issue and not by unofficial figures. This market is not about sentiment any more but about fundamentals also.

Hi, IPOEXPERT
Pl refer ur Post No.54 criticising Mr.Khilan for his optimism on Titagarh's listing price. You may recollect ur post no.32 on GSS America. You have not only discouraged applying for GSS America but also advised purchase in secondary market shares like NTPC, Motilaloswal, DLF, PFC. While GSS America has given decent returns all your buy recommendations have given negative returns. Ask your self. Better stop criticising others when you yourself have miserably failed in your predictions; don't be a misleading expert.

I THINK IT IS FAIRLY GOOD PRICED.ONE CAN EXPECT 10-15% LISTING GAIN EASILY.

Detail of the Texmaco,

Texmaco is an engineering company and it is active in segments
like railway wagons, steel foundry, hydro mechanical and steel
structures, process equipment plants and agro machinery. But the
larger pie its revenues come from the railway wagon segment.
With the new railway budget allocating more fund for wagon
procurement we think Texmaco can look forward for a better
performance in the coming fiscal.
��The financial performance of Texmaco has been good in the past.
It has managed a continuous topline and bottomline growth in
the last five years. The company has carried the momentum in
the 9MFY08 too. For 9MFY08, it has posted a topline of Rs
541.40 crore and bottomline of Rs 38.61 crore as compared to
Rs 291.34 crore and Rs 17.49 crore respectively for 9MFY07.
��On the valuation front, the CMP of Rs 1330 discounts its FY08E
earnings by 27x. With a new company called Titagarh Wagons
tapping the primary market at higher valuations we feel Texmaco
will catch up sooner or later.
Texmaco is an engineering company and it is active in segments
like railway wagons, steel foundry, hydro mechanical and steel
structures, process equipment plants and agro machinery. But the
larger pie its revenues come from the railway wagon segment.
With the new railway budget allocating more fund for wagon
procurement we think Texmaco can look forward for a better
performance in the coming fiscal.
��The financial performance of Texmaco has been good in the past.
It has managed a continuous topline and bottomline growth in
the last five years. The company has carried the momentum in
the 9MFY08 too. For 9MFY08, it has posted a topline of Rs
541.40 crore and bottomline of Rs 38.61 crore as compared to
Rs 291.34 crore and Rs 17.49 crore respectively for 9MFY07.
On the valuation front, the CMP of Rs 1330 discounts its FY08E
earnings by 27x. With a new company called Titagarh Wagons
tapping the primary market at higher valuations we feel Texmaco
will catch up sooner or later. Hence,we recommend investors to
buy the scrip at current level.

This is from a news.See the valuation of Titagarh is high.
arti

Dear Himansu,
Normally the share price is driven by the supply and demenad of the share, not by the fundamentals. If there is a good share in the mkt.and no body is there to buy you will not get good price of the same. Now for this as you can see there is no demand from the retail side. QIB are those who are normally liked with the promotors and using the public money( not their own) for the subscription. So they will disappear after the issue is listed. Now non institutional plyers have their own game. If they want to get out of the stock they will demand more on opening day and entice the retail to buy . on next day they will sold . the game is played according to their requirements. But looking at the fundamental listing will not be so good too. If you get 1-3% on listing day get out, there will nor bw any buyer on next day.


arti

thanks a lot Saharanpuri for the detailed analysis. I have also applied for the issue and now I am quite relieved that my money is in a safe bet. Can you or any serious investor could give(with logic) a fair price for the scrip when compared with TEXMACO. Thank You and Best of luck to all investor friends.

Titagarh Wagons should do well on listing day. It will list above Rs.672; price at which Blackstone acquired stake. If the IPO price is fixed at lower band i.e. Rs.540 all those who subscribed will stand to gain. Subscribers need not panic at the vanishing of unofficial premium as it is only manipulated.

A wagon play after long
Arun Kejriwal / DNA MONEY
Thursday, 27 March , 2008, 15:53


Titagarh Wagons Ltd (TWL) has tapped the capital markets with an issue of 23,83,768 shares in a price band of Rs 540-610 each. It closes for subscription today.

TWL will raise between Rs 129 crore and Rs 145 crore at the lower and higher ends of the price band, respectively. On a fully-diluted basis, the issue size will amount to 12.9% of the company. The IPO has been graded 3/5 by Fitch, indicating average fundamentals.

The company is promoted by J.P. Chowdhary and his family and the promoter group would hold 49.3% of the share capital, post the issue.

The company also has foreign investors such as JP Morgan, GE Capital and Chrys Capital amongst others as shareholders. This group will hold 23.7% of the equity post the issue. TWL has entered into an interesting shareholder agreement with GE — that the IPO price cannot be lower than Rs 524, which is the conversion price at which the preference shares have been converted into equity.

Railway wagons as a business accounts for roughly two-thirds of the company's total turnover and the balance comes from bailey bridges and heavy earth moving equipment. Following the introduction of the 'Wagon Investment Scheme', its supply is now split 50:50 between the Railways and private parties as against only the Railways earlier.

Proceeds from the IPO will go into setting up EMU manufacturing facilities (local train compartments or bogies), axle machining and wheel assembly facility and expansion of the existing units at Titagarh and Uttarpara.

TWL's sales were Rs 284.1 crore for the year ended March 2007 and Rs 211.6 crore for the first half ended September 2007. The profit after tax was at Rs 26.2 crore and Rs 26 crore, respectively.

The closest competitor to TWL is Texmaco, a listed entity, which is also the largest player in this segment from the private sector. Its shares traded at Rs 1,335 as of Tuesday on the BSE. It is expected to end the current financial year with an EPS of Rs 55, implying a net profit of Rs 56.82 crore and a PE ratio of 24.27.

The PE for TWL, based on fully diluted earnings based on annualised six months ending September 2007, would be 19.16 at the lower band and 21.64 at the higher band.

Texmaco, though, also has a land story in Delhi whose value has not been unlocked yet.

Coming back to TWL, the prospects for the industry look great. The presence of key investors would ensure that the issue sails through. There is, however, a note of caution — that investors looking to make a quick buck may not make money as the issue is not cheap compared with the Sensex PE. Retail investors having a medium to long term horizon should apply.