Apply in this IPO..... 2nd largest auto ancillary company in India.... By looking at Anchor investor list i feel it will list in between 1300 and 1400.
Make your stand clear Mr. Sagar once you say it's a Insider news then you say it's your feeling. I guess your're just trying to fool others here as you've no concrete reasons for anything, try to keep board spam free many like me relies on information from this forum & would love to see this with reasoning's.
110.1. Sagar Hirani Jun 27, 2018 11:42:45 AM IST I Like It. | Report Abuse listing 1300-1400.....inside news from operator and many broker
retail subscription is less then 10℅ So I think it will not over subscribe Now If qib and hni(nii) will oversubscribe And retail subscription at under 1X Then we will see stormy listing Bcos qib will not sell on listing And absences of retail,HNI will do manipulate on listing day This is my views Expats comments needed Thanks
*VARROC ENG LIMITED* *2ND DAY SUBS FIGURE AT 11:51 A.M.* QIB 1.04X NII 0.02X RII 0.10X EMP 0.12X TOTAL 0.35X Total No.of FORMS : 34,696 *Apps Wise : 0.07X*
*VARROC ENG LIMITED* *1ST DAY SUBS FIGURE AT 01:42 P.M.* QIB 1.02X NII 0.00X RII 0.02X EMP 0.03X TOTAL 0.30X Total No.of FORMS : 7,145 *Apps Wise : 0.02X*
Ankur: I know it cannot be cancelled but the promoter himself has put Bid form his broker contacts
102. Aniketiaf| Link| Bookmark|
June 23, 2018 10:21:51 PM
IPO Guru (1800+ Posts, 10200+ Likes)
@ Gnsharda,
VERROC ENGINEERING LIMITED
IT'S An Aurangabad based company which is engaged in supplying original equipment manufacturers and supplies exterior lighting system, polymer components, plastic, electrical-electronics components.
6th largest interior automotive lighting manufacturer which is Engaged in design, R&D, testing, engineering, supply and manufacturing of various products .
Total 36 manufacturing facilities across seven countries in the world.
As per CRISIL research, VEL is the second largest Indian auto component group.
It's client list includes Harley Davidson, Peugeot, Fiat, Honda, Royal Enfield, Bajaj, Yamaha, Hero, TATA, VW group,Jaguar, Land rover, Bentley, GM, AUDI etc.
Average EPS for last 3 years is around 29 and RONW of 16%.
As PE @ 30 and P/BV @ 4.6 ,which makes it little bit costlier, so limited listing gain around 5-8% will be there......
But I will definitely Apply for Long term (1.5 to 2 years) for a target of 1500+
___________ Rii form reqd for 1x = 4.6L near i.e 2-2.5x oversubscription possible ____________ Valuation :
Looking at 2nd largest Auto component maker tag, Diversified business, strong client base across the globe, moderately growing financials and counting on peers
One may give 2x P/S, 35+ PE __________
@35PE = 35*29 = 1015+ rs (listing) *
2x P/S = 2*10k cr = 20k cr = 1500 near (within a yr) ___________
Varroc is a good company but listing would be flat or +_5% as everything is priced in and market is in no mood to reward auto ancillary.
Request you to read "Stock Market Almanac" by Jeffery Hirsch(latest addition)
Its a must have book for intraday, swing and positional trader especially in F&O.
Next 3 to 6 months only traders who trade nifty and bank nifty will make good money both by shorting or buying. Its an art and should be learnt by individual who are passionate about stock market. Avoid individual stocks in F&O unless you are very sure.
Not to forget to have an account with discount broker. Full service brokers are of no use to intraday traders due to very high brokerage.
Retail investor who bought mid cap and small cap last year in bull market and still holding will be out of market by october to december. Most of them are 30 to 40 % down since January and the pain will get severe after a short covering rally when experts, TV analyst and TV anchors will show fake dreams.
100.9. gamble| Link| Bookmark|
July 6, 2018 10:35:56 AM
(1600+ Posts, 3900+ Likes)
So mkt giving 35PE, interesting!!
100.10. gamble| Link| Bookmark|
July 6, 2018 11:16:48 AM
(1600+ Posts, 3900+ Likes)
Nothing wrong.... I had failed in maths-XII
100.11. Chem cho| Link| Bookmark|
July 6, 2018 11:27:51 AM
IPO Guru (2500+ Posts, 2700+ Likes)
All old stock brokers in BSE are not even SSC but earn a lot of money