Oil india ipo

[umeshpune]

Was watching Zee business

Heard from one of their analyst RAjesh tambe to stay away from OIL stocks....its heavily over priced......better to invest in Cairn India....as it may touch even 1k this year.....

Do u guys agree?

I agree commodity stocks dont trade at PEs of 18 (ONGC case) looks like its been jacked up to get a good valuation for OIL

 

[pranab1973]

Did everybody noticed Adani power listing?Most of the IPOs are over priced.Retail subscription is very less.So before investing in any IPO think twice.

 

[magnet]

Did everybody noticed Adani power listing?Most of the IPOs are over priced.Retail subscription is very less.So before investing in any IPO think twice.

Reason for that is Reliance Power.......When it came...even people who didnt had demat account opened one thinking they will earn more than bank fds...

Even after bonus share price of it comes ard 269...and see where its trading...150-160 ......

Atleast no retail subscriber who doesnt have comp for applying will go for power share again.....its known reliance power is a 1k rupee share...but for that value to come u need to wait till 2016...or atleast after 2011(in bull run state market)...but now ppl want results in 20-20 format not like test ones

 

[rajeshn2007]

Promoters are getting greedy (including GOI).
NHPC was to to be priced at 22/24 and Oil india was supposedly to be priced at 1000, but nw 1200-1450.

Returns from IPO have diminished. It is better to avoid coming IPOs, unless they leave something for the investors.

Some fundas abt oil india:

In 2008-09, the company reported a net profit of Rs 21.6 billion on a turnover of Rs 72 billion. It posted an EPS of Rs 101 during the same period, while its book value per share stood at Rs 436.
At the ipo band of 1200/1450 it is more than 3 times the book value. Cmon guys ! this is too much.

 

[magnet]

Promoters are getting greedy (including GOI).
NHPC was to to be priced at 22/24 and Oil india was supposedly to be priced at 1000, but nw 1200-1450.

Whats wrong in it..when adani and ambani both can do same...govt also learnt...that always making low prices and making rich peeps its better to price it high.....

Adani power owner says he knew he had priced it high just after his listing...which shows they all want to earn from our money and roam ard in merc untill their company starts earning

 

[lazytrader]

Reason for that is Reliance Power.......When it came...even people who didnt had demat account opened one thinking they will earn more than bank fds...

Even after bonus share price of it comes ard 269...and see where its trading...150-160 ......

Atleast no retail subscriber who doesnt have comp for applying will go for power share again.....its known reliance power is a 1k rupee share...but for that value to come u need to wait till 2016...or atleast after 2011(in bull run state market)...but now ppl want results in 20-20 format not like test ones

:rofl: That's exactly why I am not applying for IPO's
I still have relpower

 

[magnet]

:rofl: That's exactly why I am not applying for IPO's
I still have relpower

i too have it(listing time)....thinking to get few more shares and sell that and save capital gain tax..as that one is much old now

 

[lazytrader]

I bought at 250 odd because everyone said fair price after split is 260. But right now no point selling. Keep a tight SL on Sept1 and wait for the supreme court judgement it may shoot up and runaway if it goes to ADAG side.

 

[rajeshn2007]

Promoters are getting greedy (including GOI).
NHPC was to to be priced at 22/24 and Oil india was supposedly to be priced at 1000, but nw 1200-1450.

GOI seems listening to everyone. Price band fixed at 950-1050.

 

[goodbrother]

Oil India IPO price band fixed at Rs 950-1,050 a share

http://economictimes.indiatimes.com/Markets/articleshow/4929593.cms