Atualizado: 4 de fevereiro de 2015 // Tamanho: 60Mb // Versão: 6.407.8 // Requer Android: 4.0.3 ou superior

Descrição:
Mobilizar bárbaros espumando de Raiva com SEUS bigodes gloriosos e magos piromaníacos, Construa Seu Exército e leve o Seu clã à vitória! Construa SUA Aldeia invasores Pará combater, batalhe contra Milhões de Jocks do Mundo Inteiro e desenvolva hum clã Poderoso com os Outros Jocks Pará Destruir OS Clãs Inimigos.
ATENÇÃO! Clash of Clans E gratis para Baixar e Jogar, mas Alguns itens do Jogo TAMBÉM PODEM Ser comprados com Dinheiro real. Além Disso, soluçar OS NOSSOS TERMOS de Serviço e Politica de Privacidade, rápido Você DEVE ter No Mínimo 13 Anos de Idade Para Jogar UO Baixar Clash of Clans
RECURSOS:
* Transforme SUA aldeia em Uma fortaleza indestrutível  
* Desenvolva hum Exército com bárbaros, arqueiras, Corredores, magos, Dragões e Outros Guerreiros poderosos
* Batalhe COM Jocks do Mundo Inteiro e leve SEUS Troféus
* Junte-se a Outros Jocks Pará Formar o clã supremo
* Lute contra Clãs rivais NAS Epicas Guerras de Clãs
* Construa 18 unidades Especiais com Vários níveis de Melhorias
* descubra Seu Exército de ataque favorito Entre inúmeras Combinações de Tropas, feitiços, Heróis e reforços de clã  
* Defenda SUA aldeia com Uma Variedade de Canhões, Torres, morteiros, bombas, Armadilhas e Muralhas
* Lute contra o Rei Goblin em Uma Campanha POR TODO o reino

Update: The closure date has been extended to March 17, 2015 and the price-band has been revised to  Rs. 180-215

Issue Highlights

Issue Period
10/3/15-12/3/15
Price Band
Rs. 221-230
Issue Type
100 % book building
Issue Size
Rs. 449.2-467.5 crore  (2,03,26,227 equity shares)
Maximum Retail Subscription
Rs. 1,98,380 (14 lots)
Face Value
Rs. 10
Minimum Bid Lot
65 equity shares
Industry
Amusment/Aqua Parks (Entertainment)
Listing
BSE,NSE
Registrar
Link Intime India Pvt. Ltd.
Retail Discount
Rs. 12


Issue details


Fresh Issue: 1,83,26,227 equity shares
Offer for Sale:  20,00,000 equity shares

Company profile

Adlabs Entertainment Ltd. owns and operates Imagica theme park and Aquamagica Water Park at Adlabs Mumbai. The company offers a ‘one stop’ entertainment destination with a diverse array of rides, international-level attractions, food and beverage outlets and merchandise shops at Adlabs Mumbai on Mumbai-Pune expressway. Adlabs is soon going to be launched a 287 key hotel.

Objects of the Issue

(1)   Partial repayment of consortium loan: Rs. 330 crore
(2)   General corporate purpose : NA

Financial Profile

P/E #
-17.2
P/B #
7.1
Total Debt/Equity
5.1
Interest Cover
.1
ROCE %
.3
EV/Sales
18.6
EV/EBITDA
299.4

# Values derived using Post issue Shares

Inference

High debts and difficulties in interest payments are the sole reasons for floating this issue but this issue is steeply priced despite company has not even break-evened. The only comparable peer to the company is Wonderla Holidays and despite being profitable during the time of its IPO, the same was offered below 6-times its book value.
Running amusement parks is a capital intensive business and the same requires regular and periodic investments to sustain growing visitors.
Having a glance its financials, valuation of this issue appears stretched and not at all justified for a company in its initial stage of operations.
To cut a long story short, Adlabs shall take at least a few years to turn profitably (provided everything sails well) and instead of investing in a company and keeping-on expecting it to perform well, it is always better to wait and watch and entry to be made when this company starts performing well (even at higher levels).So, presently I shall skip this issue.

Ortel Communications Ltd. IPO  Subscription Status as on 5/3/15

Overall 75%  Issue Subscription

QIB (Qualified Institutional Investors ): 1.01 times Subscription 
NII (Non Institutional Investors):  9%  Subscription
RII (Retail Individual Investors):39%  Subscription


Ortel Communications Ltd. IPO  Subscription Status as on 4/3/15

Overall 30%  Issue Subscription

QIB (Qualified Institutional Investors ): 42% Subscription 
NII (Non Institutional Investors):  0  Subscription
RII (Retail Individual Investors):9%   Subscription


Ortel Communications Ltd. IPO  Subscription Status as on 3/3/15

Overall 15%  Issue Subscription

QIB (Qualified Institutional Investors ): 21% Subscription 
NII (Non Institutional Investors):  0  Subscription
RII (Retail Individual Investors):3%   Subscription


Issue Highlights

Issue Period
3/3/15-5/3/15
Price Band
Rs. 181-200
Issue Type
100% Book Building
Issue Size
1,41,82,598 shares
Face Value
Rs. 10
Minimum Bid Lot
75 Shares
Maximum retail Subscription
Rs. 1,95,000 (13 lots)
Listing
BSE,NSE
Industry
Cable & Broadband Service
Registrar
Karvy Computershare

Issue Details


(1)   Fresh Issue:60,00,000 equity shares
(2)   Offer for Sale by NSR-PE Mauritius LLC: 81,82,598 equity shares

Company Profile:

Ortel Communication is a regional cable television and high speed broadband provider predominantly in Odisha (constituting 89 % of its customer base) and a few other states like Chhattisgarh, Andhra Pradesh and West Bengal.

Financial Profile:

Parameter
Value
P/E
-48.6
P/B
17.6
NPM %
-9.5
ROCE %
-6
ROE %
-36.2
Current Ratio
.4
Z- Score
.62

Inference: The fundamentals of the company are miserable and the company is clearly a value destroyer. The Z-score of .62 indicates the high probability of its bankruptcy.
Total debt is almost 6.5 times Ortel’s networth and rising interest costs are detrimental to Ortel’s strive towards profitability. Besides, Ortel predominantly operates in Orissa only (and a few more states in lower capacities) and its business is quite vulnerable to rising completion and changing technologies.
There was no need to delve deeper into future prospects and financials of this company and this issue is a clear avoid for me.

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