MAS Financial Services Ltd IPO Message Board (Page 48)

FY 18 EPS should be around 20
Post issue as per estimated eps of fy 20
Company asking p/e of 22.95
So not much overvalued
Company growth rate is very robust
Market can easily give it a p/e of 30
So 600++ looks achievable

MAS Financial Services Ltd IPO

For FY-16 PE 40.7 (for FY-17 - 28.64)

While for other peer group PE for FY-16
Sriram City Union 22.8 (for FY-17 - 23.71)
Capital First 40.83(for FY-17 - 31.06)
M&M Financial 21.44 (for FY-17 - 56.48)
Bajaj Finance 23.18 (for FY-17 - 54.13)

Industry PE approx 43

If there is only one co having pe of 40 approx and remaining below 25 then how industry pe came to 43 ?

haha nice one AKH, I too had hard time determining the method for determining Industry PE, then I visited Moneycontrol Shriram Union page and found it threre 43.15

Fair Price as compared to its listed peers comes to Rs 567

EPS Growth rate(fy12-17)-39.66%
FY 17 EPS(post issue)- appx 14.96
PE on basis of fy 17(post issue)-30.68
Estimated EPS fy18- let''s take growth rate for safer side 30%
Appx 20
PE on estimated EPs of fy 19 -22.95
Since company is growing very robust
PE multiple is justified
Apply
Fy 19 target--600++

Its FY 18
Not 19
Correction

Earnings Per Share (EPS): INR15.33

Price/Earnings (P/E) ratio: 29.74 - 29.94

Return on Net Worth (RONW): 20.65%

Net Asset Value (NAV): INR 66.25 per share

Industry P/E : 43

not high valuation so should be apply

please suggest if i am wrong.

Please tell, From where did you get this NAV of INR 66.25

Fresh issue of Rs.307.4 crores & offer for sale of upto Rs.242.6 crores (118.6 crores by Deutsche Investitions, 86 crores by Nederlandse Financiers and 38 crores by Zerva Capital LLC) so total issue size is Rs.550 crores but a pre IPO placement of 41 lakh shares aggregating upto 135 crores so now issue size will be Rs.415 crores i.e. 90,21,739 shares out of which Rs. 2 crores i.e. 43478 shares reserved for company employees.
So remaining 89,78,261 shares will be available for bids.
Now category wise breakup:

QIB - 50% i.e. 44,89,130 shares, out of which 60% means 26,93,478 shares for allocation to anchor investors and remaining 17,95,652 share wiil be available for bids by QIB.

HNI/NII - 15% i.e.13,46,739 shares.

RII - 35% i.e. 31,42,391 shares that means only 98,200 lots of 32 shares each will be available for retail investors i.e only 98,200 applications required for 1X
If approx 10 to 12 lakh applications received than 8-10% chances of allotment in retail category.

Good for listing gain as well as long term.

rrpjodhpur

Excuse me,
Some correction please.
I have calculated this @price 460 instead of 459.

Dear Admin,

please add page for Indian Energy Exchange Ltd’s (IEX’s) initial public offering.

Source:Livemint.com
This will be open for subscription from 9 to 11 October, according to a draft red herring prospectus (DRHP) dated 26 September.

The IPO will see a sale of 6,065,009 equity shares by existing shareholders including Tata Power Co. Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Multiples Alternate Asset Management Pvt Ltd. The shares are proposed to be listed on the BSE and National Stock Exchange.

The New Delhi-based company filed draft papers with the Securities and Exchange Board of India (Sebi) on 20 June. Axis Capital Ltd, Kotak Mahindra Capital Co. Ltd and IIFL Holdings Ltd are the managers for the IPO.

Established in 2008, IEX is India’s first power exchange providing automated trading platform for electricity(for physical delivery) and renewable energy certificates..

Allotment going to be tough in this IPO too due to small size. Only 90,200 lots available for allotment in retail category.

Allotment Tough but we should Apply and Hope for Allotment

MAS Financial Services Ltd IPO:-
Financial performance on standalone basis(in crores):-
Year - revenue - PAT
2012 - 113.05 - 19.95
2013 - 138.85 - 26.84
2014 - 177.68 - 31.18
2015 - 226.53 - 38.82
2016 - 288.7 - 50.01
2017 - 170.1 - 34.05 (1st half)

Basic EPS on standalone basis
2012 - Rs. 3.17
2013 - Rs. 5.52
2014 - Rs. 7.1
2015 - Rs. 8.83
2016 - Rs. 11.63
2017 - Rs. 8.03 (1st half)

kostak ka kya matlab huwa???

A per my view top line means revenue from operations which dont include other income like interest received, rent received etc etc

Bt If we take other income into consideration while calculating bottom line, then why should we ignore it while calculating top line. In my opinion other income should also be included.

New IPO News :-

Indian Energy Exchange Ltd’s (IEX’s) initial public offering will be open for subscription from 9 to 11 October, according to a draft red herring prospectus (DRHP) dated 26 September.

The IPO will see a sale of 6,065,009 equity shares by existing shareholders including Tata Power Co. Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Multiples Alternate Asset Management Pvt Ltd. The shares are proposed to be listed on the BSE and National Stock Exchange.

The New Delhi-based company filed draft papers with the Securities and Exchange Board of India (Sebi) on 20 June. Axis Capital Ltd, Kotak Mahindra Capital Co. Ltd and IIFL Holdings Ltd are the managers for the IPO.

Established in 2008, IEX is India’s first power exchange providing automated trading platform for electricity(for physical delivery) and renewable energy certificates.

Agrovet, MAS Fin, GIC, NEW INDIA ASSURANCE and many more to come are really good companies that is why euphoric subscription propelled by fundamentals. Its not an euphoria without any reason.

Please watch our discussion regularly and decide. We''ll earn good profit.

Another Ipo

Indian Energy Exchange Limited

Issue Open 9 Oct
Issue Close 11 Oct

Rii 35%

Forum admin, please add new page for Indian energy exchange.

Price band announced 456-459

Need RHP, with DRHP data it''s P/B is so enormous, to dissuade me to invest in this IPO

What is the Kostak price of Mas Financial.

What is the Kostak price of Mas Financial.

Another Ipo

Indian Energy Exchange Limited

Issue Open 9 Oct

Issue Close 11 Oct

Rii 35%

Funny software fake SMS . http://m.bseindia.com/MAnnDet.aspx?newsid=6ebe7e62-f666-4050-8848-5c360dee85b2&Form=STR&scrpcd=539169

I also received this fake SMS.