Mahindra Holidays and Resorts India Ltd IPO Message Board (Page 16)

bhai logo ipo thik hai, darne ki jarurat nahi hai, apni capicity ke according laga sakte ho

IT is too expensive share. It will open in discount
I think it not fully subcribre or company may extend dates

Bhai ye IPO bekar hai , aaj market bhi down hai ye to subscribe bhi nahi hoga ...

********Picked up from some other web******

Dear all,

This message may not be direct topic of Mahindra Holidays IPO , but its a customer experience with Club Mahindra.

I am holding a Club Mahindra membership since 2004. Initially at time of joining they had given big promises like hassle free holidays of 7 days of holidays/year for 25 years.

Its a shame to know they have only 1200 rooms(this may be a inflated figure!!) for about 96,000 members. I am a member and HARDLY get choice of my holiday when I call the CLUB MAHINDRA HELPLINE.
Instead , If I call travel agent I have got several quality options easily available.



Each member has to pay membership cost + ASF Annual maintainence fees, which grows along with inflation.

The membership cost of white studio is around Rs2.25 lacs. At time of joining and annnual subscription (ASF) is Rs. 4000/- Now its is around Rs.10,000/-

This is a complete cheating by Club Mahindra.

Non availability of rooms: Earlier members were around 25000 and now in 2009 the members are 96,000.
So the member have increased by more than 300 %, however the rooms have just increased by 70 %.
This leads to serious non-availability of holidays.

LONAVALA RESORT:--- IN 2004, THEY HAD TOLD LONAVALA RESORT WILL BY READY BY 2006, BUT STILL AFTER 3 YEARS OF THEIR "DEADLINE" THEY HAVENT BUILD THE RESORT.

Increase in ASF fees per year: ASF is calculated based on inflations including food inflation costs.

However the Club Mahindra fees and ASF dont include any kind of lunch, dinner or breakfast, so on what basis they charge this indiscriminately?

Also at time of joining I was told holidays get accumulated, however now I am told holidays can be accumulated at most for 3 years(i.e 21 days), so in case your holidays balance exceeds 21 days, holidays get cancelled.

Cost factor: Cost of white studio :Rs. 2.25 lacs.
ASF for 2009: around Rs.10,000/
So total cost of 7 days holiday:
Rs.10,000 + 36,000/-
Total: Rs 46,000 for 7 days holiday (Which doesnt include any other charges except accomodation.
Food,entertainment, sightseeing all is extra)

Now resorts also have non-member quota.Why is this indiscrimination done? If CLUB MAHINDRA is builing resorts by members money why they are not allocating 100% rooms to members? Why they are selling some additional rooms to nonmembers on premium charges?

RCF network issue: At the time of joining ,it was told RCF membership is for 25 years, however its only for 3 years which comes as a shock.



If you buy the same package through an agent its cheaper for same package in CLUB MAHINDRA RESORT( IN THEIR NON-MEMBER QUOTA !!!)
So dont get fooled by CLUB MAHINDRA.

Thanks
Sachin.


Click if offensive Rate Reply

********Picked up from some other web******

This company has done good by milking their customers and has grown considerably over past 5 years. They want to grow more aggressively now. may be at 25% CAGR. This will require heavy investments in resort development and/ or acquiring new customers (Which stands at paltry 1 lakh)and returns will start to flow only after sizeable no of new customers have subscribed to their membership.

Business Model: In the past they relied on customers money to build resorts (and sold holiday packages back to them)
Now that they will have investors money so they can build (or get into tie ups with) resorts and then sell holiday packages to non subscribers as well.
A very risky proposition .....absolutely no gains for investors in the short run.....long term ...no one has seen (depends on so many factors).....i am not an astrologer

Grey Market premium is 47-50 per share

EPS is around 10.6

So the PE is almost 28-33 .

Will u want to buy such an expensive IPO while SENSEX is trading at 16-17 PE .

whats the drey mkt premium on mahindra resort? how much one subsribed?

IPO Mahindra Holidays and Resorts India Ltd IPO

Whats the GREY MARKET rates per share/ Application.

Whats the Rates offer for FORM.

PRICED AGGRESSIVELY.better to subcribe at lower band rs.275/-.it be good.Also purchase MTNL & Neveili Lignite.May expect some drastic changes in these two companies.

DON'T APLLY IN THIS IPO .THis is going to be like Reliance power,everyone will invest and burn their fingers.good company but very expensively priced.anil ambani got away but NOT AGAIN..u r better off buying indian hotels,EIH or even country club...

Investors with a long-term perspective can subscribe to the initial public offer of Mahindra Holidays & Resorts. The company’s position as the dominant player in the business of vacation ownership, its early-mover advantage in a business with little competition and its strong growth record suggest good potential.

The company’s revenue model, which involves upfront payment of the ownership fee and recurring annual maintenance fee thereafter, also provides for higher visibility and a more stable stream of revenues than for pure hospitality players. Stiff pricing of the offer, however, may curtail scope for near-term gains on the stock, post listing
FROM-THE HINDU BUSINESS LINE

Guys,

We will have to wait for renowned legendry stock analyst Shri S p Tulsyan's opinion before investing. Let him come up with his recommendation. All of us can follow that.

Was doing some research and found the following link.
http://groups.yahoo.com/group/clubmahindra/messages

The feedback is good but the complaint is Club Mahindra charges are very high. Good for investors.

Deepak.

this is going to be like Reliance power,everyone will invest and burn their fingers.good company but very expensively priced.anil ambani got away but NOT AGAIN..u r better off buying indian hotels,EIH or even country club...

dekho bhai yeh market risk lenewale ke liye hai
jo banda risk leta hai use nikalne ka mauka bhi milta hai bas sai time pe nikle
agar dar lagta hai to kam se kam min app dal hi sakte ho kya hoga jyada se jyda aapka 6500 amt hi block hoga aur jab mkt badhega tab use upar aana hi hai aur haan aap ye bhul rahe hain ki ye mahiondra and mahindra group ki company hai bhale thoda hi return sahi lekin paisa nahi dubne degi
aage aap logon ki marzi
all the best
HAPPY INVESTING

Please note that the rating agency rate the issue based on the fundamental of the company.
THEY DO NOT CONSIDER THE OFFER PRICE IN THE RATING. SO DO NOT MAKE ANY DECISION BASED ON THESE RATING.

HAI I AM BACK AS SO MANY OTHERS HAVE STARTED MASHROOMING, MY FRIENDS HAVE ASKED ME FOR MY OPINION,

MY FRANK AND FAIR OPINION REGARDING THIS ISSUE IS "DO NOT INVEST" BECAUSE THE ONLY FACTOR BEHIND NON INVESTING IN THIS ISSUE IS "SIMPLY IT IS VERY VERY HIGHLY PRICED"

FROM THE LAST 2005 OR SO THE COMPANIES COMING OUT WITH IPO STARTED LOOTING SMALL INVESTORS AND COLLECTED HUGE CHUNK OF MONEY

PLEASE JUST LOOK OUT FOR THE LAST 4 YEARS OF PUBLIC OFFERING AND JUST COMPARE THE RATES ""ONE OF THE MOST AMAZING FACTS EVEN TODAY EXISTS IS MORE THAN 90% ISSUES ARE QUOTING AT HUGE DISCOUNT TO THEIR OFFER PRICE.

ONLY FOOLS WILL INVEST IN THESE COMPANIES JUST LOOK AT THE FUNDAMENTALS THOUGH THE COMPANY IS FROM REPUTED HOUSE BUT THEY ARE CHARGING HEFTY PREMIUM.

AMAZING FACTS
1. IT WILL BE AVAILABLE TO INVESTOR AT A P/E RATIO OF MORE THAN 32 WHEREAS BLUEEST OF BLUE CHIP COMPANIES LIKE INDIAN HOTELS AND ASIAN HOTELS, HOTEL LEELA ARE QUOTING AT LESS THAN 15 P/E MULTIPLE.
2. THEY ARE NEW TO THIS BUSINESS
3. MORE THAN ANYTHING ELSE IT IS THE ECONOMIC SLOW DOWN WHICH IS MORE WORRYING THAN ANYTHING ELSE, EVERY 5 STAR HOTEL IN METRO CITY USED TO BE HEAVILY BOOKED 1 OR 2 YEARS BACK IS NOW OFFERING HEAVY DISCOUNT, JUST ENQUIRE IN YOUR CITY YOU WILL KNOW THE FACTS.
4. BUDGET ON 6 JULY MAY BE A DAMPNER ON LISTING AS WELL.
5. MONSOON FACTOR IS ALSO VERY IMPORTANT TO WATCH OUT STILL THERE IS NO RAIN TILL DATE.
6. MARKET CONDITION AT THE TIME OF LISTING IS VERY IMPORTANT.

PLEASE DO JUDGE YOURSELF AND DECIDE TO JUMP AS OTHER WILL DO IN THIS ISSUE.
THANKS FOR YOUR REPLY AND WELL WISHES

Dear Mr.IPO Raja, Please give your comments on MHRIL IPO.After your comments,I will take decision of applying for this IPO.

Mahindra Holidays IPO Review - Business Line

Investors with a long-term perspective can subscribe to the initial public offer of Mahindra Holidays & Resorts. The company’s position as the dominant player in the business of vacation ownership, its early-mover advantage in a business with little competition and its strong growth record suggest good potential.

For full review:
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