Aishwarya Telecom IPO

ashish_jain11 · #1 11th April 2008, 03:33 PM

Dear Friends,
There is a tiny IPO: "Aishwarya Telecom Ltd.".
Opening : 15-04-2008
Closing : 17-04-2008
Price-Band : Rs.32-35
Shares offered: 40,00,000
Issue Size : Rs.14 Crores

Such tiny issue usually have operators attention and could fetch good listing gains.

How do you find it valuation-wise?

ashish_jain11 · #2 14th April 2008, 05:15 PM

This issue have grey mkt premium of Rs.6-8 (about 20% premium).
Alchemist, please comment on the issue valuation-wise.

guru-dhiru · #3 17th April 2008, 08:35 PM

Qualified Institutional Buyers (QIBs) 8.4431 times
Non Institutional Investors 29.1374 times
Retail Individual Investors 33.9893 times
Employee Reservation 1.0380 times

Looks like it will yield good listing gains

San Yad · #4 22nd April 2008, 05:05 PM

Hi There,
Recently Aishwarya Telecom IPO date finished ( offered 32-35 Rs) and I am unable to find it on the list of BSE or NSE. Just wondering at what price it opened for trading. Can anyone help me. Thanks a lot,
Rgds,
San

Alchemist · #5 22nd April 2008, 07:41 PM

Quote:

Originally Posted by sanyad74

Hi There,
Recently Aishwarya Telecom IPO date finished ( offered 32-35 Rs) and I am unable to find it on the list of BSE or NSE. Just wondering at what price it opened for trading. Can anyone help me. Thanks a lot,
Rgds,
San

The IPO has just closed. It will take some time before the stock lists.

See this thread on Expected Listing Dates of IPO's & Refund Time.

San Yad · #6 23rd April 2008, 09:02 AM

Thanks Indeed for the information. But my concern is that the company should already listed in BSE or NSE before it start trading? So how to get its script number on BSE or NSE?
rgds,
San

rookie_gau · #7 23rd April 2008, 11:46 AM

@ sanyad74

Dont worry, first there will be allotment, then the date will be announced, then you can always get Script codes. Keep checking moneycontrol for that.

BTW, e-investing will be helpful too.

Alchemist · #8 23rd April 2008, 11:52 AM

Quote:

Originally Posted by sanyad74

Thanks Indeed for the information. But my concern is that the company should already listed in BSE or NSE before it start trading? So how to get its script number on BSE or NSE?
rgds,
San

If a company is listed, it is allowed to be traded (unless it is suspended for some reason).

"Listing of a stock" means start of trading in the stock.

Scrip codes are given at the time the stock is approved for listing. This happens before the IPO opens.

rony1550 · #9 7th May 2008, 12:13 PM

I got 400 shares of Aishwaraya, the current market price is 83. shall i sell it hold it for sometime?

man4urheart · #10 7th May 2008, 06:47 PM

I don't know about the company.

But one thing is for sure, Thumb rule of investing says, sell half and protect your original capital invested.

Goodluck! you must have made handsome profits!. Rest is your greed!..:-)

Alchemist · #11 7th May 2008, 07:14 PM

Quote:

Originally Posted by rony1550

I got 400 shares of Aishwaraya, the current market price is 83. shall i sell it hold it for sometime?

Quote:

Originally Posted by man4urheart

I don't know about the company.

But one thing is for sure, Thumb rule of investing says, sell half and protect your original capital invested.

Goodluck! you must have made handsome profits!. Rest is your greed!..:-)

I agree with man4urheart.

If you don't have any idea about the stock, sell half and free your initial capital.

Such small companies are favorites of operators and the prices may get manipulated on both sides - up as well as down.

I personally have no idea about this company.