Equitas Holdings Limited IPO Message Board (Page 86)

thanx rajeev kumar singh sir

At last an issue where investors can make some money.Apply as much as you can.

GOVT SOURCES:

Identified 14 state-owned cos for minority stake sale in FY17

Looking to sell 15% stake in MMTC, STC, NFL, ITDC, Hindustan Copper
Looking to sell 10% stake in NALCO, Coal India, NHPC, MOIL, NMDC
Looking to sell 5% stake in RCF, BHEL, BEL, ONGC

Divestment to depend on market valuations

Cabinet approvals in place, will study market conditions ahead of stake sale

Alert: 15% stake sale in MMTC to raise `560 cr
Alert: 15% stake sale in STC to raise `80 cr
Alert: 5% stake sale in RCF to raise `107 cr
Alert: 15% stake sale in NFL to raise `210 cr
Alert: 15% stake sale in ITDC to raise `290 cr
Alert: 5% stake sale in ONGC to raise `9,200 cr
Alert: 5% stake sale in BHEL to raise `1,392 cr
Alert: 10% stake sale in NALCO to raise `1,020 cr
Alert: 15% stake sale in Hindustan Copper to raise `700 cr
Alert: 10% stake sale in Coal India to raise `18,440 cr
Alert: 10% stake sale in NHPC to raise `3,000 cr
Alert: 10% stake in MOIL to raise `365 cr
Alert: 10% stake in NMDC to raise `3,880 cr
Alert: 5% stake in BEL to raise `1,460 cr

There is some problem with posting replies or waht? Cutting whole msg to just 2 or three lines?

Will post later. There is some problem in posting long msgs.

i would suggest everyone to stay away from this ipo. microfinance sector ifs higly risky.
P/E of 22 and the issue is 2175 crore which is huge. it needs a lot of liquidity to control price.

dont apply. take a call after listing as it wont be able to sustain for issue price for that long.

take a call after its listing. there is no harm giving this issue a miss

My view is that as a first mover advantage will see some short term listing gain for equitas will have advantage with other ten SBF... If you look at the price it is reasonable price compare to recent IPOs. FIIs away from IPOs may create a pent-up demand if they want to increase their stake from 35% to 49%.

If indian economy grows SBF will be key driver financial inclusion india is still in its infant stage ur view that operator driven price could not be seen in this counter to manipulate the price may be right but if demand comes from FIIs if government policies is 100% FDI in private bank will see decent re rating in this sector

Reasonable bet would be wait for 2pm on 7th April if the issue has good response from QIB and HNI

it is a neutral kind of issue but is till feel its upside and downside is very limited.
there are many finance companies which have corrected and available at very cheap valuation in secondary market. Also looking at past few perfromances of iop all have disappointed. Infact after DR lal path all are at extreme loss.

i would say to avoid ipo for now as there is nothing great in this company.liquidity of 2200 crore would require many funds to chip in an i think it is very unlikely they would buy when stocks are very cheap in secondary

i would say to avoid this and take a call after listing if it stabilizes for 2- 3 days. no harm in giving this a miss

Current application rate in Ahmedabad Rs 1675 Net..

Listing this year:-
PCL Discount Heavy
Teamlease Par
QH Discount Heavy
HCG Discount Heavy
Bharat Wire Par
Infibeam Expected to list at discount


GMP Infibeam is in Discount.

SME listing this Year all are in discount or at Par.
May it be HEC, Weathfirst, Relicab, BloodVenture, Chd, Umiya.
Now Eyes on EHL.

Based on the consolidated earnings for the year ended March 2015, Equitas has diluted EPS of INR4.47. This values the company at 24.6 times its earnings at the upper end of the price band INR110 per share. This is less than the PE ratio of 26.8 times for SKS Microfinance which is closest to the business model of Equitas. SKS Microfinance trades at 6.6 times its book value while that of Equitas is 2.5 times. Another industry player, though not directly comparable, is Cholamandalam Investment and Finance Company which trades at a lower PE ratio of 21.7 but has a high price to book multiple of 4.1 times. Repco Home Finance â€' another listed peer â€' trades at a PE ratio of 25.3 and a PB ratio of 4.4. Clearly, Equitas offers decent discount despite strong fundamentals.
In our analysis, it is a case of a company leaving (or required to leave by regulation) money on the table. In either case, retail investors will do well to capitalize on this opportunity. Without doubt, Equitas is a major player in its field but its reasonable and attractive price range is a clear contrast to what we have seen in Bharat Wire Ropes, HealthCare Global, and Infibeam. In short, we fail to see Equitas IPO in any other light except positive for IPO investors.

We believe the company will see an upside of 10-15% post listing as the market are ready to embrace the first of SFB structure proposed by the RBI. However we don’t recommend for long-term due merging its three financing subsidiaries still in process. After completion of the process then we can give next call from our side.

Where are financials ?

Gmp 2000 sudhi jai m laage chy

GMPs 15.5-16.25
Application 1600-1650

Rajkot

ok thanx septa sir

Caution with any ipo. Wait for subscription figures. Equitas although well placed n reasonably priced one should be cautious. Spate of recent ipos have shattered the good mood which was built by last years ipos.

thanx for stock advice

thanx for stock advice rajeev kumar singh sir

I have notice many SME IPOs r hitting market which r just fluff apply with caution

septa sir what is real gmp ?

I do not believe in GMP but for u DORY sms my broker he said 17 Buyers another broker said 15 Buyers

arjunbhai is there any purchaser in rajkot that buy ipo application at rs 1500 ? Any buying start by brokers ?

Yes mehulbhai, buyers are there at 1400.

Already sold.

1650 gmp in RAJKOT

as per new info broker will not accept boi form is it right

Equitas 1800-1850