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 60 210 365 110 675 195 300 160 270 675 240 50 165 102 68 Closing Mkt Cap Equity (Rs Disc/Pre price to offer (Rs Cr) Cr) (Rs) price Subscribed (%) 1/9/2006 1/9/2006 65.6 213.1 542.4 116.5 29520 7055.31 6284.79 5884.65 4500 331.08 115.87 505.12 20.26 59 34.07 17.63 18.08 13.37 14.89 15.57 10.48 10.65 19.51 9.33 1.48 48.60 5.91 -0.11 0.92 9.65 154.16 21.35 -34.70 -42.04 135.90 -27.94 -30.29 -63.82

674.25 1366.03 196.8 1161.12

328.95 1120.73 406.65 327.65 440.75 139.1 117.95 118.9 71.1 24.6 716.92 592.39 589.28 207.12 183.65 124.61 75.72 47.99

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Company Educomp Solutions Era Constructions (India) Emami Saksoft Everest Kanto Cylinder Tantia Constructions Vivimed Labs Shoppers Stop Suzlon Energy Bombay Rayon Fashions India Infoline AIA Engineering Gateway Distriparks Tulip IT Services Shree Renuka Sugars Amar Remedies FCS Software Solutions Ramsarup Industries Sadbhav Engineering Yes Bank Radha Madhav Corporation Uniply Industries

Price Issue Current 125 72 70 30 160 50 70 238 654.20 325.00 253.75 92.70 462.30 134.50 181.00 582.45

%Gain/loss 423.36 351.39 262.50 209.00 188.94 169.00 158.57 144.73 141.48 135.64 135.26 132.10 122.71 122.25 113.63 111.43 104.60 101.33 100.24 99.67 94.50 86.88

510 1231.55 70 76 315 72 120 285 28 50 60 185 45 20 24 164.95 178.80 731.10 160.35 266.70 608.85 59.20 102.30 120.80 370.45 89.85 38.90 44.85