After deducting technical rejections & price bids, allotment ratio in retail can be around 13% (13 applicants out of 100) * 329. Ipo tracker Mar 8, 2017 12:28:48 PM IST | I 1 | Report Reply Expect 9 lakhs applications in retail category.Appwise 8 times. So allorment ratio can be 12 to 13%
I have applied for Music IPO through ASBA. However, the current status is still showing “Pending For RTA Responseâ€. What does this mean? Should I need to do anything?
421. Eagleye| Link| Bookmark|
March 9, 2017 9:50:43 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Music BroadPage #235 of RHP)
14th March – Finalisation of Basis of Allotment 15th March – Unblocking of ASBA 16th March – Credit to Demat Accounts 17th March – Listing on NSE & BSE
416. Eagleye| Link| Bookmark|
March 9, 2017 9:19:09 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Music Broadcast IPO:
Market Pundits are expecting Listing @425 +/- 25
EPS for FY13-14 >>> Rs.5.80 (Page #89 of RHP) EPS for FY14-15 >>> Rs.11.23 (Page #89 of RHP) EPS for FY15-16 >>> Rs.9.95 (Page #89 of RHP) EPS for H116-17 >>> Rs.6.60 (not annualised)
If, Issue Price = 333 & GMP = 87 … Then Costing = 420 … & PE = 31.82
RoNW for FY13-14 >>> 178.52% (Page #90 of RHP) RoNW for FY14-15 >>> 77.67% (Page #90 of RHP) RoNW for FY15-16 >>> 38.50% (Page #90 of RHP) RoNW for H116-17 >>> 21.23% (not annualised)
NAV as on September 30, 2016 was Rs.31.12 (Page #91 of RHP)
Listed Industry Peer >>> Entertainment Network (India) Limited
Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)
EPS for Q1 – 15-16 >>> Rs.5.98 EPS for Q2 – 15-16 >>> Rs.5.69 EPS for Q3 – 15-16 >>> Rs.6.05 EPS for Q4 – 15-16 >>> Rs.5.05 EPS for FY – 15-16 >>> Rs.22.77
EPS for Q1 – 16-17 >>> Rs.3.49 EPS for Q2 – 16-17 >>> Rs.1.69 EPS for Q3 – 16-17 >>> Rs.3.44 EPS for Q4 – 16-17 >>> Rs.?.??
EPS for 9M – 15-16 >>> Rs.8.63
Current Market Price Rs.818/- (09th March 2017) 52 week high price: 905/- (03rd Oct 2016) 52 week low price : 625/- (08th March 2016)
ENIL is currently at ~70X MBL at PE ~70X = valuation of 920+
416.1. AKH| Link| Bookmark|
March 9, 2017 9:22:42 AM
IPO Mentor (900+ Posts, 700+ Likes)
But market will crash if no party get majority in UP Elections. Whats your expectation on listing of MBL in that case ?
416.2. Septa| Link| Bookmark|
March 9, 2017 9:48:52 AM
(4000+ Posts, 4600+ Likes)
good info eagleye just want put some more points in regards to Entertainment Network EPS and PE Q3FY17 consolidated results for the quarter missed the consensus estimates. Revenue for the quarter came in 2% higher than the estimated figure of Rs. 148 crore. However, EBITDA stood 7.6% lower than the estimated figure of Rs 42 crore. Net profit for the quarter came in 20.4% lower than the estimated figure of Rs. 20.6 crore. The reason for this mainly due to debt taken by the company to buy more licenses three new channel was also launched which resulted in additional cost all this reflected in the quarterly result
PAT for the quarter came in at Rs. 16.4 crore, yoy decrease of 43.3%. During the quarter company’s other income almost nil finance cost in Q3FY16.
In lay man term company scaled up on its operations, its bottom-line got hurt in the process. Which will we short term negative but long term negative so future earning will be in line with 2015-16 earning so the present 70X PE is misnomer so market is expecting Entertainment network in 2018 will be in line with 2015 result will get a PE of close to 40 in 2018 then 70.
if you look at my DCF for MBL i had Intrinsic Value Rs 443.05 Imo it will list around that price Rs 40 up or down anything below 400 listing price one can buy anything over 480 one can book profit IMO
Guys .. Do you have any idea on allotment process for Non Institutional Investor Category ?? Is it based on proportionality or again lottery as Retail investors ?
415.1. AKH| Link| Bookmark|
March 9, 2017 9:23:21 AM
IPO Mentor (900+ Posts, 700+ Likes)
Hi Guys , I have applied Music Broad324 , 330 , 333) , But when i see the application status , It is showing only at bid1 price 324 ,not at 333 , Any reason for that .. How should i track this ? Please suggest
Hi Guys , I have applied Music Broad Cast IPO at three different prices like 324 , 330 , 333 , But when i see the application status , It is showing only at bid1 price 324 ,not at 333 , Any reason for that .. How should i track this ? Please suggest
414.2. CLD| Link| Bookmark|
March 9, 2017 9:16:31 AM
Top Contributor (500+ Posts, 100+ Likes)
You should go through my FAQs. Click my name "CLD"
Hello friends 1 important question. What is difference in GMP and kostak application price. In MBL if GMP is 80 so kostak is 80×45=3600 So why it is 400. In Dmart if GMP is 230 so kostak is 230×50=11500 So how grey market decide GMP and kostak. Reply eagleeye
413.1. Septa| Link| Bookmark|
March 9, 2017 9:03:13 AM
(4000+ Posts, 4600+ Likes)
Since the issue in retail category is oversubscribed by 8 times application will sold at least 8 times below the total GMP in this 3600/8 = 500 so 400 kostak reflects the discounted outcome of the application
Kostak(or price of application) is the premium amount in rupees at which IPO applications are being traded in IPO Grey Market. Usually ‘Kostak'' value is defined as the premium of a maximum lot retail application in an IPO.
Kostak price is important mostly before issue is close for subscription and final bidding status is available to the IPO investors. Very few IPOs applications are traded after final bidding status is available to the investors.
‘Kostak'' is especially for people who do not want to take risk with IPO allotment or listing gains.
Example: BGR Energy Limited Issue Price: Rs 480 Per Equity Share (at upper band) Lot Size: 14 Grey Market Premium: Rs 350 to Rs 360 Kostak (Rs 100000): Rs 2500 to Rs 2600
This means BGR applications of Rs 1 lakhs are being traded in IPO Grey Market at Rs 2500 to Rs 2600.
Even though the Grey Market Premium of this IPO is around 75% of the issue price, the ‘Kostak'' is just 5% of the application amount. This is because Grey Market traders are assuming that the issue will highly oversubscribe and there will not be firm allotment even for retail investors who will apply full Rs 1 lakhs. They are assuming one out of two people will get allotment and thus Rs 2 lakh investment will give them approximate Rs 5000 return. This way they are ready to buy 1 lakh application for Rs 2500.
In the above BGR example GMP for 14 shares: Rs. 4900, the kostak price: 2500
Does it mean you buy one lot for (14 x 480= Rs. 6720 + kostak price of Rs. 2500)=9220 (A) GMP or approximate listing price at 480 per share for one lot of 14 shares = Rs. 11620 (B) so the profit =(B-A)= 11620-9220 = Rs.2400
Though I am not expert or have any experience in dealing with GMP/Application, however, based on my understanding GMP means, if an holder is allotted shares then he will sell it to buyer at GMP irrespective of its opening in BSE/NSE while, kostak price means sale of application to other person wherein irrespective of allotment of share, a buyer of right of application will pay it to owner of an account.
Hope it explain may not be best but somewhat I tried.
412. Eagleye| Link| Bookmark|
March 9, 2017 8:47:29 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Radio City IPO
Listing expectation: 425 +/- 25
411. PearlRohit| Link| Bookmark|
March 9, 2017 8:36:43 AM
Top Contributor (200+ Posts, 100+ Likes)
AFTER FINAL SUBSCRIPTION GRAY MARKET PREMIUM RATE IS UP RS. 90+ PER SHARE