Info Edge IPO pricing to keep investors at an edge

Info Edge (India) Ltd., a leading provider of online recruitment and matrimonial classifieds and related services, proposes to enter the capital market on 30th Oct.'06 with an IPO of 5,323,851 equity shares of Rs.10 each through 100% bookbuilding process in the price band of Rs.290 to Rs.320 per equity share. The issue closes on 2nd Nov.'06.

The company reported total income of Rs.84.06 cr. for FY06 against Rs.45.12 cr. for FY05. PAT during the same period touched Rs.13.29 cr. against Rs.30 lakh respectively. For the three months ended 30th June'06 income was Rs.29.3 cr. and PAT was Rs.5.22 cr.

The company's business is managed through four divisions, which comprise (1) online recruitment classified division operating through www.naukri.com, (2) online matrimonial classified division operating through www.jeevansathi.com, (3) online real estate classified division operating through www.99acres.com and (4) offline executive search division
operating through its Quadrangle division.

Now the company proposes to diversify into other segments of the online classifieds market such as automobile products, educational products and industrial products and expand its present business to the Middle East and South Asia and plans to set up its campus in the NCR, which appears extravagant as the company is neither a BPO nor a Software company nor is it into web publishing needing a large headcount.

Investors may be able to pick up the scrip cheaper post listing after the initial euphoria dies down

*Important News which Move Stock Prices*

* IMP Power is tipped to move up sharply as it is likely to report an EPS of Rs.13 in FY07. Persons in the know have acquired the shares.

* Banco Products may post a net profit of Rs.7 cr. for Q2FY07 and the FY07 EPS would work out to over Rs.35 and the share is likely to cross the Rs.350 mark.

* The shares of Mount Shivalik are being acquired by knowledgeable sources in anticipation of the scrip touching the Rs.75 mark.

* Prithvi Information may announce a net profit of Rs.21 cr. for Q2FY07 and its EPS for FY07 may touch Rs.45. The share is poised to touch Rs.500.

* Investors were awaiting a bonus from Walchandnagar Industries but the company has gone for a preferential issue to promoters at Rs.634 per share to increase liquidity and fund its expansion.

* Amrutanjan has reported stunning results and is a good buy. The company is looking to enhance the brand and is also focussed on biotech research.

* Tamilnadu Government has planned a massive procurement of TV sets. Videocon and picture tube makers like Samtel Colours are in for good times.

* Usha Martin has been posting consistently good results and is considered a good buy.

* Aarti Industries quoting at a low PE is a value buy. The promoters may convert the warrant into shares at twice the current market price according to few marketmen.

* Book profits in Sujana Universal as it is planning further equity dilution and buy Bilpower Ltd. instead.

* As forecast, Winsome Textiles is on fire hitting non-stop circuits. Scrip can still rise 50% from current levels. Don't book profits in a hurry.

* Something is cooking in Sanjivani Parenteral. Company may surprise the market with some positive announcement along with the Sept'06 numbers. Keep a track of its volumes.

* Retail investors are frustrated as the market is moving up but their portfolio is going nowhere. Have patience and wait, as action is about to begin in mid-caps and small-caps.

* Canfin Homes is tipped to shoot up sharply in the near future. This is one of the best bet to gain 25% ~ 30% in a month or so. Just go and grab it before its too late.

Parsvnath Developers IPO opens on 6th Nov

Parsvnath Developers Ltd. (PDL), a leading company in the Real Estate Sector, will enter the capital market with a public issue of up to 33,238,000 equity shares of Rs.10 each for cash, at a price to be determined through a 100% book building process. The issue opens on 6th Nov and on 10th Nov.'06.

Parsvnath Developers is one of the leading real estate development companies in India with operations in 41 cities and 14 states, wherein it directly owns or holds development rights to 108.64 million square feet of saleable area as on 15th Oct.'06.

The company has been associated with the real estate construction since inception in 1990, while its promoters have been associated with the real estate sector for more than two decades. The company has, so far, completed 17 projects including nine housing projects and eight commercial complexes.

The funds raised from the IPO will be deployed in various ongoing projects across India. The company is currently engaged in 20 integrated townships, 25 residential projects, 27 commercial complexes, including shopping malls, multiplexes, office space and a complete metro station.

It also intends to construct 14 hotels and four information technology parks. Further, the company has obtained inprinciple government approvals for the development of nine SEZ projects.

The company's revenue, currently at Rs.653.77 cr. for FY06, has grown at a CAGR of 121.23% since fiscal 2002. During the same period, the company's profit has increased to Rs.106.98 cr. at a CAGR of 138.67%.