| Author |
Message |
KACHAM
Senior Member
Joined: 30/Jan/2008
Location: India
Online Status: Offline
Posts: 210
|
   Posted: 30/Apr/2008 at 4:46pm |
Whatever Mr.Anil Ambani does..the media and investor community looks at it with a pre conceived opinion.. (negative)..
but my personal feeling is ..though appearing a random maze..Mr. Anil ambani is doing lot many things and taking lot many steps which when onnected will give a good picture..
Like ROCM is acquiring companies ,licences and doing lot many activities which can give it a chance to cover most part of the globe...
RCAP is doing the same in Asia..
Though RPOWER doen't have any thing at the moment...and they are trying to buy the mines..ships... these are ll building blocks ...
I will be surprised/shocked if the investors in RPOWER are let down...
P.S: I hold RCOm,RCAP and also I hold RIL
|
|
Jai Telangana, Jai Jai Telangana
|
 IP Logged |
|
|
|
 |
|
Azure
Groupie
Joined: 10/Feb/2009
Location: India
Online Status: Offline
Posts: 75
|
Posted: 10/Feb/2009 at 7:24pm |
What happens when a company first enter the capital market???
Is that also Equity Dilution? They issue new shares? Or they sell part of their shares for a premium?
|
|
If predictions were true then stock markets wouldn’t be this exciting!
|
|
IP Logged |
|
|
|
master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
|
Posted: 28/Jun/2009 at 11:48pm |
|
|
|
Someone’s sitting in shade today because someone planted a tree long time ago.
|
|
IP Logged |
|
|
|
abhishekbasu
Senior Member
Joined: 07/Sep/2008
Location: India
Online Status: Offline
Posts: 335
|
Posted: 09/Oct/2009 at 3:29pm |
|
IndiaBulls Power IPO looks like Reliance Power part 2!! How SEBI allows a company with no record of any revenues or profits to come and tap public money is still a mystery to me!
|
|
|
|
IP Logged |
|
|
|
subu76
Senior Member
Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
|
Posted: 10/Oct/2009 at 1:22pm |
I always wonder what kind of a mkt participant buys these stocks.
It will be really nice if we could see the intersection of Rel Power IPO and India Bulls Power IPO buyers. 
The same kind of logic will be used i guess:
1. India needs more power
2. Promoters' past track record
3. Mittal is with these guys
4. If fancy Institutional Buyers are buying how can there be a catch
|
|
IP Logged |
|
|
|
neerajlulla
Senior Member
Joined: 10/Jun/2008
Location: India
Online Status: Offline
Posts: 160
|
Posted: 13/Oct/2009 at 8:04pm |
Originally posted by KACHAM
Whatever Mr.Anil Ambani does..the media and investor community looks at it with a pre conceived opinion.. (negative)..
but my personal feeling is ..though appearing a random maze..Mr. Anil ambani is doing lot many things and taking lot many steps which when onnected will give a good picture..
Like ROCM is acquiring companies ,licences and doing lot many activities which can give it a chance to cover most part of the globe...
RCAP is doing the same in Asia..
Though RPOWER doen't have any thing at the moment...and they are trying to buy the mines..ships... these are ll building blocks ...
I will be surprised/shocked if the investors in RPOWER are let down...
RCOM KE TO MARGIN GHAT RAHE HE? 
P.S: I hold RCOm,RCAP and also I hold RIL |
|
|
buy and forget for long term
|
|
IP Logged |
|
|
|
venkat
Senior Member
Joined: 21/Sep/2009
Location: India
Online Status: Offline
Posts: 267
|
Posted: 17/Oct/2009 at 12:10pm |
With the secondary market touching a 17-month high of 17200 (Sensex as of 14 October), investors and market analysts might assume valuations in the primary market would also be on fire. They would not be completely off the mark, but the response to new initial public offerings (IPOs) has been a bit muted. This is indicated by the response received by Indiabulls Power’s IPO, open from 12-15 October.
The company’s Rs 1,390-1,530 crore IPO at a price band of Rs 40-45 (excluding anchor investors’ portion of Rs 275 crore at Rs 45) was oversubscribed by 8.8 times as of 14 October. But this was purely due to bids by institutional investors, who are required to pay up just 10 per cent margin compared with 100 per cent margin for other investors.
Institutional investors’ 42 per cent reserved portion (excluding 18 per cent already allocated to anchor investors) was subscribed 16.2 times the issue, the non-institutional non-retail investors' 10 per cent portion by three times, and the retail investors’ 40 per cent portion by just 0.5 times.
Adani Power’s IPO in August, when secondary market indices were much lower, had attracted over-subscription by 18 times with the retail portion seeing 2.9 times over-subscription. Indiabulls Power, being the latest entrant on the power sector, attracted tough scrutiny by brokerage firms’ analysts. Most of them, including firms such as ShareKhan, Angel Broking, IFCI Financial Services and Noble Group, gave negative recommendations.
 Click here to view enlarged image “Given that Indiabulls Power does not have operational experience — its power plants get operational only in FY2013 — further equity dilution seems inevitable due to absence of internal accruals, investors have to be sure whether the IPO was not being over-priced,” says Bhargav Buddhadev, power sector analyst at Noble Group. This can be a drawback. As Gaurav Dua, head of research at Sharekhan says, power plants going live after two-three years exposed investors to huge risks.
Indiabulls Power’s power project plans are way into the future for the comfort of such analysts. Reliance Power, too, during its Rs 10,123-crore IPO in January 2008, had projected a large chunk of its power production to happen three to four years later with the company’s first plant, a 600 MW one, estimated to go live only in March 2010.
In case of Adani Power’s IPO this August, the scenario was not that bad. “This one came on the back of a 330 MW power plant going live in June this year and every quarter it aims to add over 300 MW more, taking the total to 6,600 MW by April 2012,” says Buddhadev.
At first glance, a comparison of Indiabulls Power’s projected figures of power plant production capacity with that of its peer listed stocks in the power sector might show that the IPO pricing of Rs 40-45 looked attractive, but a careful scrutiny will reveal that it is not (see ‘Going Power Less?’).
Adani Power stock, the most recent power sector IPO, has struggled to stay above its listing price of Rs 100 and on 4 September, it even went down to Rs 98.80. Reliance Power’s Rs 450 issue price of its January 2008 IPO lies in tatters as it trades at about Rs 160 levels currently.
Indiabulls Power, whose fundamentals are still weaker, will have to count on secondary market buoyancy to stay above its issue price when it lists in November.
Till then, retail investors may well hold on to their purses.
|
|
Life is always a fight....to finish at the start line.
Problem-Use challenge, Tension-Use excitement,Ican't-Use i can,avoid no at the beginning of sentence.
|
|
IP Logged |
|
|
|
subu76
Senior Member
Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
|
Posted: 30/Nov/2010 at 7:46pm |
The perils of a buy and hold investor getting caught in the IPO frenzy.
Fancied IPO stocks plunge below IPO price. Link |
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
