LISTING on Friday, 5th January on BSE and NSE
First of all, New year wishes to all friends and visitors of this blog and I wish you a wonderful new year bringing tons of joy and happiness.
Tanla solutions is listing tomorrow. The stock was alloted at a price of Rs. 265. However, the lisiting price of this stocks has generated curiosity since the issue was a stunning success. As you may be aware that the stock is already listed on Hyderabad stock exchange as is currently qouting at Rs. 372.
BSE has come out with a circular that the closing price on Hyderabad Stock exchange would be the base price for listing of Tanla on BSE and the stock would carry a circuit filter of 2% . However, interstingly, there is no such circular from NSE. So this would be a interesting scenario to watch when the stocks lists at both the exchanges. There may a price gap for the scrip between both the exchanges in view of the above . Even at the expected listing price of 379 the stock offers a gain of 43% over its issue price.
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Showing posts with label Tanla solutions. Show all posts
Showing posts with label Tanla solutions. Show all posts
Tanla Solution Allotment Status Tomorrow
Dear Friends,
I can make out the intense curiosity among the investors to see their allotment status for Tanla Solutions IPO. Some of our friends are trying to spread rumors about allotment status on various forums. Hence, I decided to call up Karvy and confirm. Based on the information I received , Karvy is going to put the allotment Status on its Website by 10 AM tomorrow, 28th December,2006. You can check the allotment status tomorrow by clicking the link below
Tanla IPO Allotment Status
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I can make out the intense curiosity among the investors to see their allotment status for Tanla Solutions IPO. Some of our friends are trying to spread rumors about allotment status on various forums. Hence, I decided to call up Karvy and confirm. Based on the information I received , Karvy is going to put the allotment Status on its Website by 10 AM tomorrow, 28th December,2006. You can check the allotment status tomorrow by clicking the link below
Sensex Today : Sensex sheds 350 points
Posted by
Rajesh Soni
Tuesday, December 19, 2006
Labels:
Cairn Energy,
Market Update,
Sensex Today,
Tanla solutions,
zee news
2
comments
Correction a welcome move for New year
The sensed tanked 350 points today. Market sources are attributing the fall to the weaker asian markets. The asian markets were weak following Thailand's central bank statement that international investors must pay a 10 percent penalty to take funds out of the country within a year. The Thai central bank's currency controls heightened concern about emerging markets. However I see more into today's correction than mere the asian play.
Well, I believe that the markets are gearing itself up for the next year and hence it becomes imperative for the markets to correct a bit in order to start the new year at a modest note. The newsflow are just aiding the biggies to drive the markets in this direction.
Markets to remain volatile
On one hand some big FII's are on the selling spree, there are others who are waiting on the sidelines to invest in Indian story. This will lead to volatility in the markets with selling pressure to continue and at the same time investment at lower levels to gather momentum.
The right approach at this stage is to enter the fundamentally strong stocks at such dips. For example Reliance Industries , L&T, ONGC are few such stocks where entry can be made at lower levels. These and similar stocks will be the leaders in the pull back rally.
The tale of Two IPO's
We are through with the Cairn and Tanla IPO's and both had a contrasting finish. The Tanla solutions IPO met with good success with issue being oversubcribed 38 times and the issue price was fixed at the upper band of Rs.265.
Cairn energy, which created lot of exictement with pre IPo biz, failed to eventually impress the investors with most research agencies coming with a long term outlook on the stock. This shows that the primary motive of the investors remains to make big bucks in short time frame from the IPo listings. The issue price has been fixed at the lower band at Rs. 160. With lower subscription numbers , the chances of listing gains are bleak and investors investing for listing gains may be disappointed. ZEE News has reported quoting a research firm that the issue may trade between Rs.89-174. However this is a very broad range. Investment Guru blog will publish its outlook once the allotment status is out.
Stocks to watch
Investors should consider buying on dips in Reliance Industries, Larsen & Tourbo, Punj Lloyd, Yes Bank and Infosys with a short to medium term outlook (2-4 months). Read More!
The sensed tanked 350 points today. Market sources are attributing the fall to the weaker asian markets. The asian markets were weak following Thailand's central bank statement that international investors must pay a 10 percent penalty to take funds out of the country within a year. The Thai central bank's currency controls heightened concern about emerging markets. However I see more into today's correction than mere the asian play.
Well, I believe that the markets are gearing itself up for the next year and hence it becomes imperative for the markets to correct a bit in order to start the new year at a modest note. The newsflow are just aiding the biggies to drive the markets in this direction.
Markets to remain volatile
On one hand some big FII's are on the selling spree, there are others who are waiting on the sidelines to invest in Indian story. This will lead to volatility in the markets with selling pressure to continue and at the same time investment at lower levels to gather momentum.
The right approach at this stage is to enter the fundamentally strong stocks at such dips. For example Reliance Industries , L&T, ONGC are few such stocks where entry can be made at lower levels. These and similar stocks will be the leaders in the pull back rally.
The tale of Two IPO's
We are through with the Cairn and Tanla IPO's and both had a contrasting finish. The Tanla solutions IPO met with good success with issue being oversubcribed 38 times and the issue price was fixed at the upper band of Rs.265.
Cairn energy, which created lot of exictement with pre IPo biz, failed to eventually impress the investors with most research agencies coming with a long term outlook on the stock. This shows that the primary motive of the investors remains to make big bucks in short time frame from the IPo listings. The issue price has been fixed at the lower band at Rs. 160. With lower subscription numbers , the chances of listing gains are bleak and investors investing for listing gains may be disappointed. ZEE News has reported quoting a research firm that the issue may trade between Rs.89-174. However this is a very broad range. Investment Guru blog will publish its outlook once the allotment status is out.
Stocks to watch
Investors should consider buying on dips in Reliance Industries, Larsen & Tourbo, Punj Lloyd, Yes Bank and Infosys with a short to medium term outlook (2-4 months). Read More!
IPO Update - Tanla Solutions
Betting on Big Boys, Outlook Stable
Tanla Solutions has eneterd the capital markets with an offer of 1.59 crore shares at a price band of Rs. 230-265. Investment guru recommends investors to subscribe to the IPO with a short term outlook. The stock may give listing gains in the range of 25-30%.
Lets take a look at the company in detail :
Tanla is a provider of integrated telecom solutions and products for the wireless market.
The company specialize in providing SS7 messaging infrastructure software products including Short Messaging Service Centre (SMSC), High Density Media Servers (HDMS), optimal routing solutions, welcome roamers, voice mail servers and Aggregator Services and offshore services including software development, infrastructure management services and technical support services.
The major part of the company’s revenue is driven by its subsidiary in UK. The company boasts of high profile clients including Vodafone, O2 and Hutchison. Forex fluctuations can have a significant impact on company revenues since 98% of the revenues are derived in foreign currency.
Top 5 clients constitutes around 49% of its revenues. Hences, the revenue sources are skewed in favour of these companies. Howevr, this should not a worrying factor give the niche the company enjoys in its segment.
The company states established and proven products and services, Leading telecom companies as clients, Scalability of solutions, cost efficiency due to India operations, flexible pricing model and focus on R&D as its competitive strengths.
On a consolidated basis, the company’s revenues have grown rapidly during FY06 and the first half of FY07 has also shown significant increase. The company revenues have grown by 282% to reach 63 crores in FY06 . In first half of FY07 the company has already done business of 87 crores, 138% above its full year revenues of FY06.
Net profits grew 444% in FY06 to reach 30 Crores mark. For the first six months of FY07 the company has already achieved 35 crores in profits, more than what it did in full year in FY06.
The company’s operating margins stood attractive at 55.7% in FY06 and 51.3% in first half of FY07.
The proceeds pf the IPO would be used for Setting up infrastructure facility for a development centre at Hyderabad, disaster recovery centre at Bangalore, establishing overseas offices and R&D.
Valuations : The weighted average EPS for last three years stood at 5.39. However since the company is on a high growth path, we should also consider the current EPS. The EPS for the six months ending sept.,2006 stood at 10.47.
On a consolidated basis the weighted average Return on Net worth stood at 58.24%. For the first half ending Sep.,2006, the return was 46.87%. The pre-issue net asset value per share as of Sep. 30 stood at Rs. 22.33.
If we annualize the first half EPS of the unconsolidated entity the EPS comes to 13.5 giving a PE of 19.6 at the higher price band. There are no listed comparables belonging to same industry.
Issue Opens : 11-12-2006
Issue Closes: 14-12-2006
Registrar : Karvy
Additional references :
About Tanla Solutions
Product Profile of Tanla Solutions Read More!
Tanla Solutions has eneterd the capital markets with an offer of 1.59 crore shares at a price band of Rs. 230-265. Investment guru recommends investors to subscribe to the IPO with a short term outlook. The stock may give listing gains in the range of 25-30%.
Lets take a look at the company in detail :
Tanla is a provider of integrated telecom solutions and products for the wireless market.
The company specialize in providing SS7 messaging infrastructure software products including Short Messaging Service Centre (SMSC), High Density Media Servers (HDMS), optimal routing solutions, welcome roamers, voice mail servers and Aggregator Services and offshore services including software development, infrastructure management services and technical support services.
The major part of the company’s revenue is driven by its subsidiary in UK. The company boasts of high profile clients including Vodafone, O2 and Hutchison. Forex fluctuations can have a significant impact on company revenues since 98% of the revenues are derived in foreign currency.
Top 5 clients constitutes around 49% of its revenues. Hences, the revenue sources are skewed in favour of these companies. Howevr, this should not a worrying factor give the niche the company enjoys in its segment.
The company states established and proven products and services, Leading telecom companies as clients, Scalability of solutions, cost efficiency due to India operations, flexible pricing model and focus on R&D as its competitive strengths.
On a consolidated basis, the company’s revenues have grown rapidly during FY06 and the first half of FY07 has also shown significant increase. The company revenues have grown by 282% to reach 63 crores in FY06 . In first half of FY07 the company has already done business of 87 crores, 138% above its full year revenues of FY06.
Net profits grew 444% in FY06 to reach 30 Crores mark. For the first six months of FY07 the company has already achieved 35 crores in profits, more than what it did in full year in FY06.
The company’s operating margins stood attractive at 55.7% in FY06 and 51.3% in first half of FY07.
The proceeds pf the IPO would be used for Setting up infrastructure facility for a development centre at Hyderabad, disaster recovery centre at Bangalore, establishing overseas offices and R&D.
Valuations : The weighted average EPS for last three years stood at 5.39. However since the company is on a high growth path, we should also consider the current EPS. The EPS for the six months ending sept.,2006 stood at 10.47.
On a consolidated basis the weighted average Return on Net worth stood at 58.24%. For the first half ending Sep.,2006, the return was 46.87%. The pre-issue net asset value per share as of Sep. 30 stood at Rs. 22.33.
If we annualize the first half EPS of the unconsolidated entity the EPS comes to 13.5 giving a PE of 19.6 at the higher price band. There are no listed comparables belonging to same industry.
Issue Opens : 11-12-2006
Issue Closes: 14-12-2006
Registrar : Karvy
Additional references :
About Tanla Solutions
Product Profile of Tanla Solutions Read More!
