Vaswani Industries Ltd IPO Message Board (Page 28)

Hi All,

can anybody tell me latest subscription figures of Vaswani Industries Ltd.

Hi Sridhar,

What your take on this issue? can we apply in this IPO for Listing Gains. The QIB Subcription is not there....

Are you applying in this issue ?

Please advice...

AS PER NSE DATA SUB ONLY .51 THROUGH NSE
ITS A CLEAR AVOID OR ELSE LOOSE MONEY TO GREEDY PROMOTERS

Dear sreedharji,
This Vaswani about to close in ASBA what is your stratagy in this regard.Go ahead with full quantity or reduced quantity either ASBA or direct.

Ashika we get rarely.I feel we should not miss this oppartunity.
As far I concerned this with demand and supply.
How is the demand in trail market

Dear friends,
Congrats on savings bank rate hike from 3.5 percent to 4 percent.

As per smartinvestment.in,

The other side of Vaswani Industries

The average price of promoters� Rs. 10.51, the B.V. is Rs. 29.38 and the offer price is Rs. 45-49

The rating agency ICRA has awarded 2/5 rating to its IPO, the cash flow of the company is recorded negative

The company does not intends to augment its production capacity,

Rather it intends to retire from the burden of debt with help of this IPO

Post IPO the holding of the promoters would decline to 57.43 % indicating 100 % fall

The profit of this company was registered instable during last five years.

The net profit margins were recorded at 4 % and the interest liability remains Rs. 5 crore

The company registered the excellent performance for the FY 10 & for the first 7 months ended on October 31, 2010

PE is higher and the RONW is lower compared to its peer co., fundamentals are average, investors incline to higher risk may yield some listing gain

- The average price of promoters� each share is Rs. 10.51, the book value is Rs. 29.38 9 (as on March 31, 2010) and the offer price is Rs. 45-49

- The rating agency ICRA has awarded 2/5 rating to its IPO indicating poorer than average fundamentals of other listed companies - The cash flow of the company is recorded negative during last five years and for the first seven months ended on October 31, 2010.

- The company does not intends to augment its production capacity, rather it intends to retire from the burden of debt with help of this IPO

-The production capacity of sponge iron was recorded 53 %� for the FY 2010 which was declined to 34 % during first seven months ended on October 31, 2010 and the production capacity of Billets was recorded merely 12 %. -The interest liability remains Rs. 5 crore.

- Post IPO the holding of the promoters would decline to 57.43 % indicating 100 % fall

-The net profit margins of this company is recorded merely 4 %

Remark :- We have observed by our minute analysis that the net profit of this company was recorded completely instable during last five years ranging from 2006 to 2010 as it was increased during first year and was declined sharply very next year. The company, having paid up equity of Rs. 14 crore, had posted the operating profit of Rs. 11.1 crore on sales of Rs. 92 crore achieving EPS of Rs. 3.15 for the FY 2010. What interesting aspect of its balance sheet was that the operating profit worth Rs. 4.2 crore was incurred from its core product of iron and steel whereas the operating profit of Rs. 5.9 crore was generated from its power segment indicating 50 % less profit of its core business than profit incurred from other segment? It had posted the operating profit of Rs. 7.3 crore on turnover of Rs. 69 crore for the first seven months ended on October 31, 2010. Again it is interesting that 80 % of its total operating profit was incurred from its power segment. The company is offering its share with as much as higher PE of 14.6 xs from its higher price cap of Rs. 49. The performance of this company remained excellent during current fiscal and it has debt liability worth Rs. 71 crore indicating debt-equity ratio at 1.69 % of course it would decline to 0.5:1 as the company is going to retire from its debt burden with the help of fund being raised via this IPO

Recommendation:- The company is offering its share with as much as higher PE of 14.6x from its higher price cap of Rs. 49 indicating very expensive compared to its peer companies like Godawari Power and MSP Steel beside its RONW is also lower than its peer companies. The production capacity is also very lower. Investors inclined to high risk may yield some listing gain considering its poorer than average fundamentals and higher PE ratio.

Hello,

When I apply IPO using ASBA (HDFC ) , what is the max time that is available to cancel the IPO before the allotment. ( After the order is sent to exchange and executed but no allotment done)

thrown 50,000 bucks...

Dear boarders,
Letus not dicourge the people those coming with views after their real investments.They are more trustee than the other TV experts/website experts those wantedly/unknownly expressing their views and making investors into huge losses.
Example: Every analyst(Highly paid ranging from 1cr per anam)told to apply PFS at Rs 27/-.

Conclusion: Please ask them whether now are they buying much lower price at Rs 21/- by selling their other properties or other stocks.

(Galla pakadke puchna).
Hence the co-investors those expressing views after putting money have more right then that robbers.

still no Qib allotment in vaswani. gmp has fallen drastically from 4 to 1.75. one should strictly avoid this issue as chances of company going in discount on listing day is hard.

Ashka Capital is the Lead Manager in this issue-Vaswani

Ashika Perforamce:
1. Sudar Garment-Issue Size-70 cr, Subscription-1.55-listing gain-47%
2. Bedmutha-Issue Size-92 cr, Subscription-7.69-listing gain-77%
3. Somi Conveyor-Issue Size-22 cr, Sub-fix price-listing loss-(26%)
4. Bafna Pharma- Issue Size-26 cr, Sub-fix price-listing loss-(3%)

Ashika is known for manipulation (sp tulsian report) and is handling the small issues. So one can apply to taste the water.

Note-I may apply in some small lot. Pl take ur own decision

what to do in dis?

Dear Sridhar,
Capital Market rating points not working with market pulse.
Example : 1)Shekawat Poly Not intrested by 'CM' to give points but became blockbuster.
Example : 2).Fineotex chemicals : Not intrested by 'CM' to give even one point on the scale 1 to 100 points but became blockbuster.
Example :3).Shilpi cable : only 10 points by 'CM' but bumper listing and stood at 20% gain for first 15 mts (More than enough time to the applicants who apply for listing gains).

Example :4).Servalaxmi paper ,not intrested to give even one point.what would be the Market points.

In vise-versa :

R.power to PFS so many utter plafshows like NHPC,sutlej
and less subsriptions to FVL even though CM has given 47 points.
Conclusion : I know they will rate on the basis of fundamentals but my question is are they apply based on their points or not.
And Crisil is another rating agency which given 4 on '1 to 5' scale for FVL but no proper QIB subscription.(This agency also works on fundamentals).

where is the Agency both consider fundamentals and pricing of issue (most important)consider.

Can anybody expect why Vaswani 'no subscription'in QIB quota till end of second day.
In cse of FCL also samething happend.Why trail markets have become sluggish

RAJA RAJKOT- VASWANI IPO - SUBS FIGURES FOR NSE- BIDS AS ON 5.00PM TODAY ARE:
QIB - NIL

HNI- 7.41X

RETAIL - 0.43X

TOTAL - 1.26X

AB TAK YAH ISSUE KITNA BHARA HE KOI BATAO PLASE

What is kostak of Vaswani and Sanghvi Today

Dear Forum Modulator sir,

Thank you for considering the requst for puting the issue size in the popup of listing gain verses,No.of times subscription.
Being getting your support I request you to one item
i.e relative nifty movement value (in % or obsolute)from the date of closing of issue to listing date.to calculate inhernet loss or gain of sentiment improvement/decrease in these days.

some says asba is compulsary for qib & hnis from 1st may. thts why hni's sub. before it & it shows 6 times on first day friends...

here lot of peoples behave as if they are experts in IPO/stock market. Actually they are punters, saying this stock will be like coal india etc, someone will say I have made 15 applications, someone will say I have withdrawn the application etc....

You urself is the boss for your money.. so do not gamble with it.....