SCI FPO Allotment status

Shipping Corp of India FPO allotment status @

http://mis.karvycomputershare.com/ipo/

NMDC

Hi folks,

Today am going to review NMDC.NMDC was incorporated in the year 1958 and is involved in exploration of wide range of minerals. The company acquired Navartna status in the year 2008. Besides mining it has also has 10.5 mw wind mill at Karnataka.
The total number of shares of NMDC are 3,96,47,16,000 with the government holding 90% of the shares and LIC holding 4.97 % of shares. The shares have a face value of Rs.1.
NMDC had come up with an FPO earlier this year. The price range of the FPO was Rs.300-350. The CMP is Rs.251. The Cut off price of the FPO was Rs.300. The CMP is at a discount of 16% from the price issued during the FPO. The stock had reached Rs.550 levels earlier this year before the FPO. All most all other FPO’s in the recent times had given a gain if I remember correctly when compared as on today.

The Q1 and Q2 results of this year have been pretty good. The Q1 and Q2 profit stand at Rs.1504 crore sand Rs.1378 crores as compared to the Q1 and Q2 of the previous year which were at Rs.773 crores and Rs.770 crores. The company has reserves of Rs.13875 crores.
Final Note: The market is too confusing as on today with a more likely chance to head southwards, One could wait for any correction to take place and then purchase NMDC as a long term bet.

Note: all reviews that I give are my own opinion, readers can just take knowledge out of it. Investing in these shares is readers own decision.
Regards,
Abinand

IDBI

Hi folks,

Sorry for not posting any blog for the past few days. Today am going to review IDBI bank.The CMP of IDBI is Rs.160

IDBI bank was incorporated in the year 1964.As on March 2010, IDBI has 720 branches and plans to add 300 more branches in the future. The government of India holds 65.1% of the stake. The total number of shares in IDBI are 98,44,16,209 . IDBI has also opened its first overseas branch in Dubai.

The Q2 2010 results have been better when compared to its last few quarters. A profit o Rs.429 crores as compared to a profit of Rs.253 crores for Q2 2009. The maximum quoted price of IDBI in the last 10 years has been Rs.202.25. The face value of the share is Rs.10 and the book value is Rs.86. IDBI is not a stock that moves heavily on a daily basis, but recently IDBI had some momentum from which it reached Rs.202 from 140 ranges. It is now come down nearly 20% after reaching the maximum of Rs.202.25(November 11 2010).

IDBI has reserves of Rs.7471 crores, IDBI’s profit has been increasing o a year on year basis which is a good sign of steady growth. It’s profit in 2005-2006 was Rs.560 crores, in 2006-2007 was Rs.630 crores, in 2007-2008 was Rs.729 crores , in 2008-2009 was 858 crores and in 2009-2010 was 1031 crores. With already a profit of Rs. 679 crores for the half yearly ending the profit of this year should be better than the profit of last financial year.
Final Word: With a steady financial growth and good expansion in number of branches the future looks positive for IDBI. IDBI is slowly starting to woo the retail investors. Even in the recent advertisement campaign it say not just for the big boys. I feel IDBI is one stock to look out for in the coming years.

Note: all reviews that I give are my own opinion, readers can just take knowledge out of it. Investing in these shares is readers own decision.
Regards,

Abinand

COMPUTER POINT

Hi Folks,

Today I am going to review a share called Computer Point. Computer Point is an Rs.10 face value share with a book value of Rs.11.89 and a CMP of Rs.6.02.The company was incorporated in the year 1984. When looking at the 10 year graph the stock has reached a high of Rs.69.7 and a low of Rs.85 paise.

The company has 3 business divisions they are
EDUCATION DIVISION
SOFTWARE DIVISION
RETAIL DIVISION

The total numbers of shares of the company are 30,001,300. The promoters holding is 1.83% but Public” and holding more than 1% of the Total Number of Shares is 72.75%. The company last year showed a turnover of Rs. 121 crores with a meager profit of Rs. 1.67 crores. For the first half of 2010 the company has showed a turnover of Rs.38 crores with a profit of Rs.91.28 lakhs. The company’s profits are slowly getting better year on year.

Computer point has a tie up with the government of Orissa to impart computer education for colleges in Orissa. From the letters posted by computer point to BSE it is learnt that computer point has more than 500 education centers.
The company shows excellent turnover but very poor margins that is a major cause of worry. There are also rumors about computer point that it could be taken over by some other company in the near future.
Final Word: If someone has the patience to wait and get rewarded this company might just be the one , It is trading below its book value for a long time.
Interesting part especially for those from tamilnadu, Computer Point store appears in the famous tamil movie singaravelan starring Kamalhassan the link http://www.youtube.com/watch?v=wD8VOORCs7Q.

Note: all reviews that I give are my own opinion, readers can just take knowledge out of it. Investing in these shares is readers own decision.

Regards,
Abinand

Shipping Corporation Of India FPO

Hi folks,

Today am going to review Shipping Corporation of INDIA FPO. SCI is the largest shipping country in India,SCI was established in the year 1961. The SCI has a total of 77 fleets as on 1st November 2010. The prie band of the FPO is Rs.135-140 with a 5% discount for retail investors.
The face value of SCI is Rs.10. The FPO will consist of 8,46,90,730 shares . Out of these 8,46,90,730 shares 42,345,365 will be a fresh issue of equity shares by the company. As the number of shares is increasing by 10% the book value will come down by 9%.The retail price after 5% discount would be Rs.133.The company Q2 2010 results have been excellent when compared to the Q2 2009 results( 250.63 crores Vs 33.70 crores). The company has huge reserves. The company is going to expand its fleet capacity with the money they will get by selling of their shares through FPO. More the fleets more the income.

Final Word: Though price wise not very attractive like power grid, (power grid in 1 week after the FPO listing has given a return of 15.7 % as on today) SCI still deserves an apply for medium to long term perspective give the fact that retail investors do have a cushion of 5% discount. Now that MOIL got heavily subscribed allotment may be really difficult. Hence people who feel they will not make the amount of money they wanted to make in MOIL might subscribe in SCI if they possess excess money. I hope the retail portion gets fully subscribed.

Note: all reviews that I give are my own opinion, readers can just take knowledge out of it. Investing in these shares is readers own decision.

Regards,
Abinand

Sorry For Not Blogging

SORRY FOLKS I WAS HELD UP WITH A HECTIC WORK SCHEDULE.

REGARDS,
ABINAND

MOIL IPO

Hi Folks,

Today am going to review the MOIL IPO. MOIL a government company is offloading 20% of its stake for this IPO.
This 20% will be the sale of 3,36,00,000 shares at a price band of Rs.340-375, which would help the company raise Rs.1238 Crores. The issue opened on 26th November and would close on 1st December.The company operates 10 mines 6 in Maharashtra and the remaining 4 in Madhyapradesh.

The company is into manufacturing of ferro-manganese alloys such as silica manganese and high carbon ferro manganese these alloys are used in steel production. The profit after tax of MOIL for the half yearly ended stands at Rs.330 crores as compared to Rs.201 crore in the past year.

The company is a zero debt company and having a huge cash reserve of Rs.1760 crore, Meaning each share has a cash reserve of Rs.104.

The issue has been subscribed .76 times on day 1. My guess is that the issue may be over subscribed nearly 20 times. The reason being this IPO coming immediately after the sucess of Coal India, People who made money in Coal India would want capitalize of another Government Of India IPO and people who missed out on Coal India would not like to miss out on another Government of India IPO. Also the retail investors can invest upto Rs.2 Lakhs

Though the entire market looks weak I feel this IPO will be subscribed heavily especially for the listing gains. According to me the Government Of India IPO’s generally safe guard the retail investors by giving us a discount of 5 %.

Final word: As we retail investors have time till 1st of December we could wait till then and subscribe for the IPO. Also the allocation of shares will not be in huge numbers as I feel the IPO will be over subscribed many times.

Note: all reviews that I give are my own opinion, readers can just take knowledge out of it. Investing in these shares is readers own decision.

Regards,
Abinand