IPO update: Beeyu Overseas

Investment Guru recommends investors to apply in the IPO of Beeyu overseas. Given the current IPO listing trends and the flavor for tea stocks intact, the stock promises excellent listing gains to the Investors. No wonder if this stock is considered as an Impex Ferro in making as far as listing gains are concerned.

IPO Details
The company has come up with an IPO and is offering 71 lakh shares to public at Rs. 14 per share.
Beeyu Overseas is 100% export oriented company. It exports Tea and coffee and has Estates in Ooty and exports to number of countries including UK, UAE and CIS which account for a major share of the exports. The company has aggressive growth plans in place to increase its export earnings.
The issue is priced at a P/E of 11, which looks reasonable in view of the performance of existing Tea stocks, which have an average P/E of 19.
The current Book Value of the companyÂ’s share is Rs. 17.34

5 comments:

Rajesh Soni said...: Regarding Swati's Comment :
I would advice you to avoid Uniply IPO as of now...and invest in both Beeyu and Provogue IPO's; June 01, 2005
Anonymous said...: Hi,

Can you suggest share of Software company whose current prices under 50, but in long term it good returns...

thanks
manju; June 09, 2005
Anonymous said...: Can u tell when can we expect the listing of Beeyu ?; June 13, 2005
Rahul Munjal said...: Yeah... please let me also know the expected date of issuing of Beeyu Overseas and should we sell it same day of listing?

And how much % shares do we expect to get?; June 13, 2005
Rahul Munjal said...: Any comments on Beeyu? I heard that the allotment has been made. But where to check????; July 01, 2005