VA Tech Wabag Ltd IPO Message Board (Page 27)

Today we have received SMS from HDFC SECU regarding this IPO ''FOLLOIWNG DIRECTIVE FROM SEBI, ALL BIDDERS WHO SUBMITTED THEIR BIDS IN VA TECH WABAG IPO MAY WITHDRAW THEIR APPLICATIONS. FOR MORE INFO CALL OUR CUSTOMER CARE.
This means these companies are minting money, on the back of rising markets, and not on their financial and fundamentals. Beware from such IPO'S.

As per information there is some Accounting problem, and given an option to withdrawal of application please check media

Dont believe S.P.Tulsyan.......the issues wich he advises to avoid lists at premium and the issue which he advises to subscribe such as Reliance Power ...........FAILED WITH A BANGGGGGGGG..........everybody knows.....

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 was a clear avoid from SP Tulsian but it was subscribed more than 36 times. Hence he has reduced the grey market price on his website. He was even wrong on the gmp's of eros and gallant ispat.

He also has a lot of stake in binani industries. Hence he is promoting it but not binani cement. Dont believe him guys. He is going to be the next Harshad Mehta of the Stock Market.

VA Tech Wabag offers IPO investors pullout option
Published: Monday, Oct 11, 2010, 3:23 IST

Expected to go to 2000 - 2100 on the opening day. Grey market price of 450 currently going on in hyderabad

A lot of HNI's and FII's will be pitching in for VA Tech Wabag on the opening day. Hence a lot of activity expected and it could go the same way as career point or gallant ispat.

va tech ka refund kab tak aajayega

va tech 2000 rs. khulega

For genuine investors, the lapse by VA Tech is not a serious one. Off course, the Merchant Bankers have failed and it will affect their credibility. However I do not think it will be a catastrophe and one need not panic

ppp.please any body give information about allotement date of va-tech wabagltd

if you do not like my long posts which i personally choose to right in that way..so that it can be read easily according to me...then boarders are adviced not to read my posts..there so many experts on this board..some of them are my freinds and i follow them....i am no expert i am mr. Zero ....

va ka bhav 840 se 900 ke bich khulega and one month me 500 ke niche jayega

Mr. Tulsitan's still giving 85-90 rupees premium to Va Tech that's meaning share may be list with 250++++.

not see RHP of VATECH , u see just subscription .

bcoz , the listing gain depends on subscription not any other mater

How do I cancal my appliaction on ICICIDIRECT

Amit

Mr SJ I would appreciate if you write properly, as in without giving too many spaces between words and without pressing enter after every 4 words. In the current format it is very difficult to read your posts, they give me a headache, though your content is good but your style of writing needs to be a little better.
Thanks nd regards,
Rishi Ahmedabad

Sj @1037, stop calling boarders stupir here, we all know how intelligent you are, your microsec has almost come down to 2 digits, get lost from here

I applied for 3 applications and now i have send one fax to withdraw one application and continuing two other applications.

May be i will not get profit on listing but i don't think that share will list in negative.