Yup...4.44 great for retail ppl... i cudnt apply as it was nt visible in ICICI... but congrats to all who hav.... according to CNBC India, it shud list @ Rs.950 on a bad day and @ Rs.1100 on a bullish day... ITS GONNA ROCK FOR SURE....
On the back robust economy and buoyant capital markets, the company reported revenues of Rs 359 crore in FY07, up 39% y-o-y. Net profit increased 15% to Rs 69.6 crore against Rs 60.3 crore the previous year. On a standalone basis, net profit was Rs 76 crore. Growth in bottom line could not keep pace with top line growth because of the increase in operating expenses by 40%, mainly on account of a rise in staff cost.
Valuations
At issue price of Rs 725-825, the stock is valued at 29x at the upper band and 33x its FY07 post dilution consolidated EPS of Rs 24.5. On a standalone basis, the stock is valued at 26.9x at upper band and 30.6x its FY07 post dilution EPS of Rs 26.94. The valuation is at a discount to peers like India Infoline, which is trading at P/E 40x its FY07 consolidated EPS. We recommend that investors subscribe to the issue and make it a part of their portfolio stock. DONT WORRY WHO HAVE APPLIED WILL GET GOOD RETURNS.
hello friends, its the golden day for motilal oswal company which managed to get over subscription as follows: qib 44, hni 10, retail 4, under such a weak market conditions. I bet if this issued had come in first week of july it would subscribed more than vishal retail i,e around 150 times. It is also the golden day for all those retail guys who applied for the issue, if market conditions improves listing expected at 1050-1100, in the worst scenerio listing around 950 sure shot. so those who applied, cheers guys u will mint money. mansoor
very good response will list around 950-975 levels . best of luck .grey mkt prem is 150-175.has come down but just bcaz of political crisis .statement has come no chance that govt will in near future so dont worry . happy trading to all of u. those who have not applied are making falsoe statement.hni are not fools.