Category: IPO/FPO ANALYSIS
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SCI FPO analysis – closing review on 6th Dec
The FPO price fixed today is Rs 140 – high end of range The Retail and HNI subscriptions piled up on the last day of FPO and surprised on the upside. Retail is 6.5 times over and HNI 3.7 Seeing the numbers retail investor can at max expect around 240 shares worth Rs. 31-33,000. Quite…
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Manganese Ore India Limited – MOIL – IPO – Post review
MOIL IPO was a stunner – over 55 times subscribed – this is too much. Retail it was 33 times. Too bad guys – chances are allotments may not be more than 20-22 shares at cut – off. Worth about Rs 8000 for Retail. The interesting thing will be to see the appreciation on listing.…
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SCI FPO analysis – closing 3rd Dec
Key points Business aspects SCI commands 35% of the Indian flagged tonnage, which again is about 10-11% of India’s ports based import export. Foreign carriers dominate, but this may change soon. Exports and imports are growing by 21.4 per cent and 23.2 per cent this year, which are largely executed through shipping. This indicates a…
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Manganese Ore India Limited – MOIL – IPO – 29th November
Analysis of MOIL IPO: Positives: Steel industry in India is a solid 9% a year growth industry. Manganese ore is an essential raw material. Good mining reserves, 50% of market share of Manganese ore produce in India 5th largest producer in the world; Lowest cost producer in the world. Has a good chance to have…
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Power Grid FPO – Nov 2010
While all analysts and reporters are talking endlessly about Power Grid FPO in the shadow of the Coal India IPO, see link, http://economictimes.indiatimes.com/quickiearticleshow/6893599.cms I wonder if anyone has given thought to the risks around this offer : · High Debt – at around 37k crores (March 2010), debt is high. The D/E ratio is 2.18.…
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Coal India IPO note – published on Sat, Oct 23, 2010
I am positive on CIL as a company, and the IPO, for the following reason · Indian industry needs Coal, and CIL has 80% of market share, with all production being lapped up by consumers · India will stay energy deficit for a while to come. · Our energy consumption is still tilted towards coal…
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