Managanese ore india limited .
Eps for Fy -11 expected - Rs 35 ..
Fair Value - Rs 450 (15 month basis forward )
We advise a Strong Apply if it is priced below Rs 300 ...and Retail investors get 5 % discount .
if its over priced ...avoid it .... it wont be a coal india like ipo for sure ..........
Watch out for more coverage on this ipo shortly once price band is announced .
Happy investing .
Coal India ipo at 225 -245 looks a bit expensive
Though Retail investors would get 5 % discount , there would have been more margin of safety if priced in 190-200 range
But long term investors who can hold for 5 years , this is good bet ...... one can see a price of Rs 500 in 5 years time easily .
more detailed analysis in ipoplus blog shortly .
Ipo Valuations at high levels :
The bull run in the market is fuelling the greedy promoters and BRLMs to make quick bucks on the market.
some of Ipos are much overvalued :
1. Prestige Estates - Can be avoided - much overpriced - they should have priced below 100 to make it good for investors .
2. Orient Green Power- Too overvalued ---- ideal price for entry- Below Rs 35 , one may see that price very soon
3. Ramky infra - too priced on higher side - better enter below 400 Rs
None of ipos are cheap now , so be careful in investing ..
More regular news shortly .
