IPO
Free Intraday Calls And IPO Update For Monday, 1st November 2010
Visit www.dstreetdirect.com for more stock calls and stock ideas
IPO update :Gravita India Ltd
|
Intraday Calls For 1st Nov 2010
Glenmark Pharmaceuticals Ltd.
CMP : 339.80
Buy above 342
Target 351-360-373
Stoploss of Rs 320.
Steel Authority of India (SAIL) Ltd.
CMP : 194.95
Sell below 193
Target 188-183
stop loss 198
Marico Ltd.
CMP : 136.25
Buy @ 138
Target 141-143
Stoploss 134
Bajaj Auto Ltd.
CMP : 1,513.80
Buy above 1523
Target 1540-1557
Stoploss 1489
F & O Tips
Buy Reliance Future 25 -Nov
At – 1011.05
Tgt - 1016.20,1021.50
SL – 1003.45
SELL TATA Motor Future 25- Nov
AT- 1160.65
Tgt- 1154.20,1142.10
SL – 1178.10
For more stock buzz/discussion and intraday calls visit our forum at www.dstreetdirect.com
IPO Update
INDOSOLAR LIMITED
Issue Open: September 13, 2010
Issue close: September 15, 2010
Price Band: Rs. 29 – Rs. 32 Per Equity Share
Minimum Bid Size: 200 Equity Shares
Face Value: Rs. 10 Per Equity Share
Book Building at: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000
INDOSOLAR LIMITED :
Incorporated in 2005, Indosolar Limited is a leading Indian manufacturer for photovoltaic cells. Indosolar manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect. Indosolar Ltd market and sell their products to primarily module manufacturers on a business-to-business platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.
IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Indosolar Limited IPO.
This means as per CRISIL, company has ‘ Average Fundamentals
Source: http://www.dstreetdirect.com/upcoming-ongoing-ipos/6895-indosolar-limited-initial-public-offering.html#post13199
(credits goes to “anish” the original poster)
New IPO: DQ Entertainment Ltd
DQ Entertainment (International) Limited is making an Initial Public Offer (IPO) of 16,048,011 equity shares of Rs. 10 each (face value) at a price band of Rs.75- Rs.80. Of this, up to 321,011 shares would be reserved for subscription by eligible employees. The issue less the portion reserved for employee constitutes 15,727,000 shares of Rs. 10 each. The issue would constitute 20.24% of the post issue paid-up capital of the Company. Prior to issue the Company has completed a Pre-IPO Placement of 3,772,771 Equity Shares to certain selected investors (including 2,936,427 to IDFC Investment Advisors Limited) at a price of Rs. 68.11 per share raising aggregate Rs. 257 mn.
Valuation and recommendation:
At a price band of Rs. 75-80, the Company proposes a EV/EBITDA of 8.6x-9.1x for FY11E, which is at a discount to the peer group (UTV Software Communications, Balaji Telefilms, Prime Focus) average of 11.5x. DQE also has better EBITDA margin at over 35% and ROE at 10.5% for FY11E in comparison to the peer set average of 17% and 7%, respectively.
So, DQE’s seem to have strong fundamentals and good growth potential, we recommend investors to go for the issue.
The issue will be open for subscription from March 8-10, 2010.
Twitter @stockcallsindia
DStreetDirect
- Happy Birthday MULTIX February 5, 2012 admin
- Happy Birthday ashishvashist, paneesh February 4, 2012 admin
- Happy Birthday idigiti, asikak February 1, 2012 admin
- FREE INTRADAY CALLS And Market Update For 01 February 2012 February 1, 2012 punnu
- Happy Birthday HEMANT, kirankumarmr, sarah9 January 31, 2012 admin
