Attractive Midcaps Amongst Recent Ipo Issues

ATTRACTIVE MIDCAPS AMONGST RECENT IPO ISSUES

Tech Mahindra and GMR Infrastructure have once again raised interest in the IPO segment. While Tech Mahindra and GMR Infr are obvious choices experts are also bullish on Nectar Lifesciences, Unity Infra, Allcargo Global and… With over subscription of Voltamp Transformer recently experts give attractive midcap picks from this fraternity for the long-term.

Future business model, sound managements, availability at prices below their issue price, attractive valuations, niche position within their industry and future growth are important reasons why investors should log on to these IPOs feel a bevy of experts Moneycontrol spoke with. Apart from that Keynote Capitals in its report titled ‘Attractive Recently Listed Midcap Stocks’ have mentioned names like Nectar Lifesciences, Repro India, Talbros Automotive and K Sera Sera. While a number of them are available at a substantial premium to their offer price, six of them are still quoting at a discount to their issue price. Manish Bhatt, Prabhudas Lilladher

Everest Kanto looks pretty good at current levels for the long term. Allcargo Global also looks good in the recently listed midcap IPO

Both the companies are in a niche segment and have done quite well on the fundamentals post-listing. Everest Kanto ranks first as as LPG cylinder manufacturing is concerned. It posted fairly decent numbers for Q1FY07 and is available at an attractive price now. Offer Company Price (Rs) Reliance Petro GMR Infra. Tech Mahindra Union Bank (I) Allcargo Global Gitanjali Gems Plethico Pharma Everest Kanto Prithvi Info Unity Infra Nectar Lifescn. Tantia Const Repro India Talbros Auto. K Sera Sera Prod

Closing Mkt Cap Equity (Rs Disc/Pre price to offer (Rs Cr) Cr) (Rs) price Subscribed (%) 1/9/2006 1/9/2006

60

65.6

29520

4500

9.33

210

213.1

7055.31

331.08

1.48

365

542.4

6284.79

115.87

48.60

110

116.5

5884.65

505.12

5.91

675

674.25 1366.03

20.26

-0.11

195

196.8

59

0.92

300

328.95 1120.73

34.07

9.65

160

406.65

716.92

17.63

154.16

270

327.65

592.39

18.08

21.35

675

440.75

589.28

13.37

-34.70

240

139.1

207.12

14.89

-42.04

50

117.95

183.65

15.57

135.90

165

118.9

124.61

10.48

-27.94

102

71.1

75.72

10.65

-30.29

68

24.6

47.99

19.51

-63.82

1161.12

Listed on BSE

Check NSE Prices

Company

Price

%Gain/loss

Issue Current Educomp Solutions

125

654.20

423.36

Era Constructions (India)

72

325.00

351.39

Emami

70

253.75

262.50

Saksoft

30

92.70

209.00

160

462.30

188.94

Tantia Constructions

50

134.50

169.00

Vivimed Labs

70

181.00

158.57

Shoppers Stop

238

582.45

144.73

Suzlon Energy

510 1231.55

141.48

Everest Kanto Cylinder

Bombay Rayon Fashions

70

164.95

135.64

India Infoline

76

178.80

135.26

315

731.10

132.10

72

160.35

122.71

Tulip IT Services

120

266.70

122.25

Shree Renuka Sugars

285

608.85

113.63

Amar Remedies

28

59.20

111.43

FCS Software Solutions

50

102.30

104.60

Ramsarup Industries

60

120.80

101.33

Sadbhav Engineering

185

370.45

100.24

Yes Bank

45

89.85

99.67

Radha Madhav Corporation

20

38.90

94.50

Uniply Industries

24

44.85

86.88

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