Tree House Education & Accessories Ltd IPO Message Board (Page 12)

Dear Ken Shah,

you have options to give 3 bids in the IPO form. If the cut off price is above than your bid options your form will be rejected. If you bid has price at cut off then your form will be eligible at cut off price.

Thanks

kostak 2200 for 2lacs

TREE HOUSE EDUCATION & ACCESSORIES LTD - NSE Bid Details                        
Updated as on 10 Aug 2011 at 1100 hrs                        
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)       2951267      0      0.00
1(a)      Foreign Institutional Investors (FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            0      
1(c)      Mutual Funds            0      
1(d)      Others            0      
2      Non Institutional Investors      1264828      0      0.00
2(a)      Corporates            0      
2(b)      Individuals (Other than RIIs)            0      
2(c)      Others            0      
3      Retail Individual Investors (RIIs)      2951266      40      0.00
3(a)      Cut Off            40      
3(b)      Price Bids             0      
      Total      7167361      40      0.00

ipoanalyst please give me answer

Tree House Education IPO to hit the market from 10-08-2011.The company has fixed price band of rs 135-153/share with rs.6 discount for retail bidder. Company Holds the largest number of self-operated pre-schools in India. (Source: CRISIL Report).

The Financials of the company are as under:

PAT(2011): 91.95 Million
EPS(2011): 2.72 (post issue)
P/E Ratio: 56 times

Compnay strictly not comparable to any of the listed peers. Aptech, NIIT, Zee Learning etc are traded in the P/E multiple of 80, 18, 119 times according to RHP.

One more thing anchor book discovered at lower price band & only 2 people have shown interest which shows lack of response. now final FII figures are crucial.

Also Valuation on higher side but as an concept stock this company may provide listing gains.

Awaiting for Shreedhar's comments

Dear James,

Anchor Investors are different from Pre IPO investors as they come only when the issue is opened. The lock in is only 30 DAYS. Kindly check ICDR regulations of SEBI. Since i am from a Financial background i need to keep knowledge of these regulations.

Thanks

can anyone tell how to put multiple bids in ipo application.and if upper price band fixed then at what price i will get shares.give illustration please.

Dear IPO analyst
Anchor shares are locked for 1 year.

Dear Bond Bond,

Anchor shares gets locked in only for 30 days and not 1 year. Anchor are all gimmick and usually funds routed by promoters themselves.

I am telling you guys to avoid not because of fun, but having gone through the numbers i feel it is all accounting mechanism used even to show 9 cr PAT for F.Y.11. Pls read the notes to accounts in RHP. The item is payment made for acquiring business rights. These rights were being amortized till last year for 10 years. Suddenly this year the company feels they should write it off over 30 years. Any common man will know it should be written off over the lease period on case to case basis. So if i want to point out the drawbacks there are many, hence my opinion you can 1000% get this stock lower than the ipo price if subscribed and i don't see any listing gain either.

Dear Sreedhar
Hope today you will post your valuable comments as the ipo opens today. Should we apply for it or not ???

Axis MF and Religare have got allotment as in Anchor Book... Which means they will have one year lock in... Surely these funds are not fools.. There will be something long term in the Company for good decent returns !!!

AXIS MF and rising india fund are the guys got pre-placement.

Tree House Education and Accessories Ltd. is into newer kind of business (playgroup
and nursery) and has the highest number of pre-schools (223) in India and further
plans to add another 120 new schools by FY14. Despite a scalable business model we
believe the valuations are stretched at the price band (135-153) which is open to the
investors. The company would trade at 49.45x and 56.04x at the lower and upper end
of the price band post dilution which is much higher than the industry average of
40x. On the price to net asset value (Price/NAV) the company trades at 2.91x and
3.3x at the lower and upper band respectively. With an industry Price/NAV average
of 2.75x the valuations are titled with an optimistic bias.

could it be another carrer point or evernon or educom?

ipo markets have become a place for traders/gamblers....and i dont analyse any ipo based on fundamentals as its no use....so on listing day anything is possible in 2nd grade ipos...but ultimately all will come to 20 rupee and below....hence i hardly comment on ipos now...
but u can earn huge having ur own technique on listing day...forget fundamentals.

for good large cap companies coming with ipo i look at fundamentals...larsen finance book value was post ipo 25...so at 55 its above 2 times b/v...not cheap...chances are it will be available around 40-45 if markets also turn weak...
however longer term in excess of 4-5 years looks a interesting stock...could be bought at 1.2-1.5 book value....but a lot need to be studied on financials still...

financial stocks are evergreen stocks subject to they dont become bankrupt.....after 10 years any financial sock will be higher than now irrespective of sensex levels....

CM 40/100

The company's revenue has grown at CAGR of 94% from FY 2008 to FY 2011. In FY 2011, net sales were Rs 39.24 crore, with operating profit margin (OPM) of 43.1% and net profit of Rs 9.20 crore.

At a price band of Rs 135 to Rs 153 per equity share of Rs 10 face value, the P/E at the lower band works out to 49.5 times and at the upper band it works out to be 56.1 on EPS of Rs 2.7 for FY 2011 (on post-IPO equity). In the education industry, leading companies such as Educomp Solutions, Everonn Education and Career Point Infosystems have PE of 8.5, 14.5 and 19.4 times respectively. The closest peer in the listed space is Zee Learn, which owns Kidzee pre-schools and has over 750 centres in more than 315 cities, trades at P/E of 134.7 times.

Sreedhar,
It's nothing new for u.U have already faced similar situtation before.Don't be so childish. Come back.
I remember u told me that ur first language is Hindi.
Haven't u heard " K_utton ke bhonkne se Hathi apni chal nahi badalta"
It's up to u whether u follow it or not?

dear sreedharji, please dont stop give your most valuable comments on this site bacause of some foolish persons.most of silent members like me
of this site are using your advise regulerly. why are you giving punishment to all the members bacause of one or two foolish persons. we love you so mutch. please give your valuable comments. thanks.

Ipo likely to withwraw at last moment .No taker, dont apply.

gmp1.00discount seller, due to retailer's 6.00 rebate.a bunddle issue