VA Tech Wabag Ltd IPO Message Board (Page 21)

Check ur app status at

http://www.intimespectrum.com/site/ipo.asp

Wait for bumpur gains......Happy Trading

SKY

check directly in your demat a/c. no link on karvy site!!!! - NIK

VA Tech credited in HDFC demat a/c.........hurreeey

I got 9 shares in 3 accounts on 1 lk application. Happy listinggggg

hi ! the shares have been creideted in your demate account !

WILL LIST AT 400+ PREMIUM, DONT TAKE CARE

but where to check dude is there any online link if yes than plz post the link....................

Dear Friends check your demate vatech credited

no allotment status is availabe karvy site

Have 2 demat accounts in my name @ iifl and karvy. Lucky allotted 9 shares in both accounts.

Allotted friends, va tech shares pl sell on listing and book profits. afterwards, as QIBs exit, share prices will crash. This is heavily overpriced issue. Take care.

Dear Madan,

Please check your demat account, still ASBA from corpbank is not released.

ihad got 9 shares for full application

1168 Allotted shares already credited to demat a/cs. Pl verify your Demat Account. If VA tech shares are not there, then ur allotment is NIL.

Hi Srini,

Where can i check for allotment?

HA HA HA ....ACTUALLY BY REWORKING THE NUMBERS VA TECH CONVERSELY SEEMS CHEAPER THAN PEERS....GAINS OF 500 RS EXPECTED ON LISTING ....THANK U SEBI...CHEERS...HERE IS THE ARTICLE....
For the second time in the last three months, an initial public offer has had to delay its listing date and offer investors a chance to exit the issue.

Both instances come following a communication from the Securities and Exchange Board of India (Sebi) about problems with the red herring prospectus of the respective companies.

VA Tech Wabag, a Chennai-based water and waste treatment company, has offered the investors the option of withdrawing from its blockbuster IPO, which was oversubscribed 36.2 times, following errors in its red-herring prospectus.

Earlier Aster Silicates, an Ahmedabad-based company that listed in July, also had to offer a withdrawal option to its investors.

In the case of the latter, the option was offered following allegations against promoters including that they had pledged shares which had not been disclosed in the red herring prospectus.

The company filed responses to these allegations and offered investors an exit option.

For VA Tech Wabag, on Page 96 of its prospectus, its financials were compared with those of peers.
However, the company’s numbers were taken on a consolidated basis while those of its peers were on a standalone basis. A note at the base of the table claimed that all figures were on a consolidated basis.

This had the effect of making a comparison of the company with peers on non-similar parameters.
In the case of two of the companies the valuations turn out to be actually cheaper than what was shown in the VA Tech Wabag prospectus.

VA Tech Wabag offers IPO investors pullout option
IVRCL Infrastructure and Projects has an earnings per share of 2.6, which adds up to a price/earnings multiple of 63.2. But earnings per share on a consolidated basis works out to Rs7.94, which gives a multiple of 20.4.

Nagarjuna Constructions was shown to have an EPS of Rs7.6, which translated into a multiple of 19.2 at the prevailing market price. Consolidated figures place the EPS at Rs.10.8, translating into a multiple of 14.1.

“This is a serious lapse on account of the merchant bankers, which has resulted in a misrepresentation of the company’s valuations,” said independent investment advisor S P Tulsyan.
Interestingly, the valuations of four other companies also shown in the prospectus are lower than what they are on a consolidated basis - an error that swings the other way! Meaning, VA Tech Wabag is actually a better issue than what the comparison shows.

Sebi had, in a letter on October 4 to VA Tech Wabag, cited the difference in the figures in the prospectus.

Following the communcation from Sebi, the company offered a chance for withdrawal from the issue. In a public notice the company stated that they were not in a position to confirm whether the said ratios are on a standalone or on a consolidated basis.

It however said that the statement ‘Figures are on a consolidated basis,’ stands deleted.

“In view of the disclosures herein, kindly note that all Bidders(including QIBs and Investors) who have submitted their bids in the issue may, if they so desire, withdraw their applications.”
In The VA Tech Wabag IPO its investors were offered a seven day exit period, ending on October 11.

The issue is going ahead as planned after the matter, according to a source.

In the case of Aster Silicates, they were offered 10 days to withdraw, ending July 23. The issue was finally listed on 28 July.The Aster Silicates IPO raised Rs 53.10 crore. Saffron Capital Advisors were bankers to the issue.

The fresh issue and the offer for sale for shares in VA Tech Wabag total to Rs 472.59 crore constituting 34.37% of the company. Enam Securities and IDFC Capital were the merchant bankers to the issue.

The fresh issue and the offer for sale for shares in VA Tech Wabag total to Rs 472.59 crore constituting 34.37% of the company.

There are eight other IPOs waiting to hit the market, to collective raise Rs1,900 crore

Got 5 for application of 20.

-Adi.

Seems funny, shares alloted 8/75 applied in 2 accounts, but ASBA is not released still, hope it will be released today.

who said ki allotment ho gaya
kamino juth mat bolo ...............
or agar allotment ho gaya than hot to checkout .....................

1161, 1162 & other if you are sure than give your name also why usein

"Anonymous".