Archidply Industries Review
Friday, June 13, 2008
Archidply Industries Limited (Archidply) is a modern manufacturer of wood panel and decorative surfacing products with its plants at Rudrapur, Uttarakhand, Mysore, and Karnataka. Archidply is the flagship company of the Archidply group, and has been
associated with plywood manufacturing for more than 30 years under the brand Archidply.
The IPO proceeds will be used to setup a new manufacturing facility at Chintamani, Karnataka, where Plain Particle Board (PPB), Pre Laminated Particle Board (PLB) and Decorative Plywood will be manufactured.
IPO:
Face Value Rs. 10
Price Band Rs. 70 - Rs 80
Issue Opens 11-Jun-08
Issue Closes 17-Jun-08
Shares offered to Retail 2,315,502 = Rs 18.5 crore [Upper Band]
Archidply Vs Peers:
Archidply had witnessed a CAGR of 79.2% and 319.6% over FY06-08 in net sales and net profit, respectively, which is higher than its peers such as Century ply (103% and 91%)and Greenply (20% and 27%).
Valuation:
At a price band of Rs. 70-80, Archidply is valued at a P/E of 7.2x and 8.2x at the lower and upper price band, respectively. The offer is being made at a marginal discount to other listed players.
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Published by DalalStreet Business @ 10:41 AM IST.
Real Estate Stocks Fall Below Issue Price
Monday, June 09, 2008
The Indian Real Estate stocks continued to witness heavy selling from almost all the corners [Retailers & FIIs]. Unlike Jan-22nd crash [unwinding of leveraged positions], this fall is due to massive unloading by INVESTORS in cash market holding stocks. Almost all the stocks have hit 52 week low.
India Realty Stocks which have fallen by 70%:
Ansal Infrastructure - 77%
Ansal Housing - 71%
Omaxe Ltd - 70% IPO Price Rs310
Parsvnath Developers - 70% IPO Price Rs300
India Realty Stocks which have fallen by 60%:
Unitech Ltd - 66%
Kolte Patil Builders - 65% IPO Price Rs145
Orbit Corp - 61%
DLF - 60% IPO Price Rs525
Sobha Developers - 60% IPO Price Rs640
Purvankara Projects - 60% IPO Price Rs400
India Realty Stocks which have fallen by 50%:
HDIL - 59% IPO Price Rs500
Peninsula Land - 59%
IVR prime - 56% IPO Price Rs550
IndiaBulls Real Estate - 53%
Data based on June-09-2008, closing prices
Many analysts have started downgrading the NAV of Land Holdings of these companies and hence the selling by Investors.
Related Coverage:
Indian Real Estate a House of Cards
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Published by DalalStreet Business @ 4:51 PM IST.
Anu's Lab + Gokul Refoils Listed on Bourses
Wednesday, June 04, 2008
The recently concluded IPOs of Anu's Labs and Gokul Refoils and Solvent were listed on the bourses today.On a day of Bloodbath on the exchanges, Anu's Lab managed to hold below the issue Price of Rs 210. The stock listed at Rs 260 made a high of Rs 288 and finally closed at Rs 268, giving 27% returns to investors in this IPO.
Gokul Refoils and Solvent was a disappointment. The stock was issued at Rs 195 and managed to hold consistently at Rs 203 levels but finally closed the day at Rs 181 7.15% below its issue price .
The above stocks are not under over coverage universe.
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Published by DalalStreet Business @ 3:59 PM IST.
Tentative List of IPOs in June
Tuesday, June 03, 2008
Here is the Tentative List of companies going for IPO in June-2008. IPO reviews will be posted here if it is worth to invest in.
Name of the company, Issue Size[Rs crore] and Expected Date of Issue.
Sejal Architectural Glass Limited 9-Jun-08
Avon Weighing Systems Ltd 105.73 9-Jun-08
First Winner Industries Limited 10.00 9-Jun-08
Archidply Industries Limited 65.00 11-Jun-08
Lotus Eye Care Hospital Ltd 2nd week of June
KSK Energy Venture Ltd 1000.00 2nd week of June
Rites Ltd 2nd week of June
Multi Commodity Exchange of India Ltd 700.00 3rd week of June
Nu Tek India Private Ltd 100.00 3rd week of June
UTI Asset Management Company Limited 3rd week of June
Virgo Engineers Private Limited 3rd week of June
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Published by DalalStreet Business @ 6:50 PM IST.
