Cox and Kings (India) Limited IPO Message Board (Page 12)

today thomas cook up 10%....

WHO WE ARE TO DECIDE FICTITIOUS GREY MARKET RATE OF IPO JUST GIVE IDEAS WEATHER TO SUBSCRICE OR NOT LET GIVE CHANCE TO IPO COMPANY ON LISTING DAY TO LIST AS PER THEIR GOODWILL AND ABILITY.............. DEAR FRIENDS

Any Listing strategy's for Cox & Kings....?

I think C&K will list on Dec 9th.

I fully agree with TC. Cox is a market leader. Leaders command good premium. I think Cox will deliver good returns on listing day as done by Onmobile Global, TWL similar sized issues attracting similar FII and HNI subscriptions.

THOSE WHO DID NOT APPLIED MISSED A GREAT OPPURTUNITY.
THIS STOCK WILL BE THE BEST PERFORMING IPO FOR THIS YEAR.

STOCK IS AVAILABLE AT P/E OF 31 AND THOMAS COOK(SMALLER PLAYER) AT P/E OF 48 SO FAIR VALUE OF THIS STOCK AT 48 P/E COMES AT AROUND 490 (WHICH WILL BE ITS LISTING PRICE)

2) THIS IS MUCH LARGER COMPANY THAN THOMAS COOK SO IT COMMANDS MORE P/E SO IT PRICE WILL SETTLE BETWEEN 525-550 ON LISTING DAY SO ANY PRICE BELOW 500 SHOULD BE A BUYING PRICE

3) THIS STOCK IS VERY SMALL AMOUNT OF ONLY 500 CRORES AND CAN BE EASILY BOUGHT AND WILL CATCH FOREIGN INVESTOR FANCY
THERE WILL HUGE DEMAND BUT VERY LESS SUPPY

I AM SURE THIS STOCK IS ANOTHER EDUCOMP ,TECH MAHINDRA,TULIP IT .REMEBER THESE COMPANIES ALWAYS WANT GOOD NAME IN MARKET FOR WHICH THEY HOLD GREAT PROMISE.
I WILL BE BACK ON LISTING DAY PLEASE REMEMEBR ME FOR MY SURESHOT ADVICE.

Cox and Kings sets IPO price at Rs 330/share

Dear Ravi 175
How u reached at the conclusion of mrk. cap of 610 crores. this is issue size. company's mrk cap according to issue comes to around more than 2000 crores. make yopur calculations again.

now se the growth. every pulses are around rs. 100 per kg. inflation is so high. petro products are going to more dearer very soon. public has no money to survive even. so you will go on long 'tour' or think for your survival.

growth shown by the company in ipo was a golden period of 2005-08 and it will decline or remain avg. till 2011. this company's growth will depend only on good gdp which seems to be lower till 2011. so looking to the scenerio it will likely to be available in secondary mkt. around 200.

I think it is good ipo. It may give good listing gain and then holding person will get more reward.

@Ravi, Bangalore

Yes you are right? nowadays if you want to apply in an IPO, Grey Market rates should be last thing to look at. God knows what happened to this market, 2 yrs back they used to be so accurate, I'm eagerly waiting for those days again when you don't have to scratch your heads to decide whether to go for the IPO or not.
Anyways, can you tell me how you calculated 35% discount to the fair value based on market capitalisation

Grey market premium is Rs.6 - 8 as on today.

I am expecting listing at around Rs.338. My opinion is 338 is at 35% discount to fair value of Rs.457.

Market capitalisation is 610 crore. So for this size, 338-340 is justified. I am not expecting any big listing gain.

DISCLAIMER

I have applied for 140 shares.

Don't go by grey market premium.

this was not a good ipo

We can safely expect listing gains of Rs.50 per share in Cox and Kings. It may move further up in future depending upon overall market condition.

Final price : Rs 330.00

Going by the subscription figures.

what is the final price the company has fixed for allotment

dear 162 rakesh jhunjhunuwala ,pl.do not befool the investors in such a way that cox & kings will list at 550 .this site is not for such jokes.there should be some serious advices/discussions so that general investor may be enlightened by your advice.

Over FY2006-09, C&K's Revenues and PAT have witnessed a CAGR of 65.6% and 80.7%, respectively; these, however, have also been aided by the five acquisitions it has made across the globe since 2006. Going ahead, estimated C&K's Top-line and PAT to witness a CAGR of 27.4% and 37.7% over FY2009-11E, respectively On the lower and upper end of the price band, the stock would quote at 16.5x and 17.3x its post diluted FY2011E estimates, respectively. one can believe that the company’s organic and inorganic growth rates will be sustained, and its core profitability will remain healthy, going ahead. Hence, on the back of positives like C&K's superior growth rates, its wide geographical reach, a strong brand franchise and the improving industry dynamics, this ipo should give good returns in the market.

The offer price of Rs 316-330 discounts the C&K’s likely FY-10 per share earnings by 22-23 times on post-offer equity base. The company’s superior growth rates, high operating margin in this business and the likely scarcity premium for the business do offer room for premium valuations.

Dear Rakesh Jain,
Yes you are correct in saying that it would be better to hunt for long term gains..

This is the information given by brokerages on moneycontrol about Cox & Kings.
Post IPO Equity Rs.62.92 Crore
FY09 Profit Rs.63.44 Crore
FY10Q1 Profit Rs.40.76 Crore ( spectacular increase how I dont know??)

Anyway lets see what happens when this IPO lists...
Thanks.

dear ipo insvestor 164
as i go through, i found the ipo is around 29% of post issue capital and on the pat of 38 crores the eps would be around rs. 6. so if u go by PE ratio of even higher side of 40 the price will be 240. so thats why i am saying the price is very high on fundamentally. you must have seen Euro Multi, DEN, IB Power, Pipa, NHPC and many more. from the secondary mkt. you can buy Ahluwalia Constuctions, FSL, Helious, CHI Invest, Trangene bio.. collective rate of these shares will be less than Cox & Kings but they will give you more returns than this ipo. choice is yours after all its your money. don't see profit on short term small profit but hunt for long term big gains. thanks.