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Meghmani breaks into two fast-growing markets for pesticides - Brazil and Pakistan. It will become one of the few players in the Acephate market in Brazil with about 30% market share. Also one of the earliest registrants for Pakistan market after India-Pakistan direct trade allowed.
sad ..i sold half of it at 42cts....
lucky remainder sold it at 52cts
any new?going up
sorry for my mistake......sorry.
thank!bulbea.
apology........
I think what Jazzzz is trying to say is that the SGX share is priced more expensive than the Indian IPO as each India listed shares is equivalent to 2 SDS shares. At the highest end, the India IPO will be priced at about 72 cnts while current price of 39 cnts per SDS translate to 78cnts per share.
keep closer look the share trading 38.5 n39cnts for smtime...
if this counter really like jazzzz say ipo at 78cnts singapore money list in india that is easy to trade up to $1...why we sell at 39cents?
when is it start trading in india?
only those know wat happen accumulating.....
by the time start listing in india..wil the price rocket up?
why KIM ENG still keep their mount zip..i remember they ever value this share 42 or 48cents before.......
that wait and see.........................................
I've checked thru both Meghmani and SGX's website but nothing was mentioned about the SDS ratio. Where did you get the info from?
Hey t shares is listed in t form of SDS in SP and 2 SDS = 1 share. So at price of 0.39 per SDS --> 0.78 per share.
Indian IPO is actually priced at discount 2 t SP SDS.
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any idea why tis counter yesterday down 2cents
Dear bulbea,
How u get the info?seem it wil fall on max price
The respond looks good to me. From info given, issue size of the India IPO is about 53m to 60m shares (depending on price) while result of the bookbuilding process is as follows:-
| Price(Rs.) | BSE Quantity |
| 17.00 | 710,131,100 |
| 18.00 | 694,349,250 |
| 19.00 | 692,642,300 |
| 9,999.00 | 136,636,150 |
if IPO in india hving gd respond,this make this share more attractive ..more convincing story to tell..base on daily trading volume,it
is easy to jet up more than 20%...monitoring...
No mentioned of when trading will commenced. Results of bookbuilding process can be found at http://www.bseindia.com/bookbuilding/newbookbuilding.asp?scrip_cd=145&scripname=Meghmani+Organics+Ltd&status=L&ir_flag=IPO.
Looks to me like it will be price at Rs19.
i miss out one..can it be next week play? he!he!
already buy another 50lots,any idea when it start trading in india?how can i know the price?
This is a super laggard. Based on FY07 results, NTA per share is Sgd 52.5 cts (Rs13.98) & EPS 7.6 cts (Rs 2.02). At current price of 39cts, PE is only 5.6x.
With the Indian IPO, NTA will rise to about 58 to 61 cts & PE to about 11x. The IPO is valued at about 17x PE and this is still way below the 20 to 38x PE ratio placed on its Indian peer. IMHO, the counter is way undervalued at current price.
suprise kim eng no action.buy tis shre due to kim eng recom quite smetme ago...get stuck so long tme....jst going to
rch m buying pr...wil consider to up smemore...