Muthoot Microfin Limited IPO Message Board (Page 12)

Personal priority for the 3 IPOs closing Dec 20:

1. Muthoot Microfin (low risk, medium reward, decent allotment chance)
2. Suraj Estate Developers (medium risk, medium reward, decent allotment chance)
3. Motisons (medium risk, high reward, very low allotment chance)

Respective views apply.

I really Respect your decision of your priority list of above 3 ipos
As i can see there is a continuous fall in GMP of Muthoot currently 42 so why you keep Muthoot at first
Just Query
I dont have any source in grey market though
I am also waiting to apply Muthoot or Suraj

The fall in GMP doesn't matter to me unless it goes sub-zero. I prefer MM first because Motisons is a lottery I cannot win and Suraj is asking for very high valuation.

​@newgen consultancy @PLAZA @Basuvr  🙌
Why Gmp is so down... Came to 50 odd..

What would be the worst case if at all market falls..?
GMP of happy forging is some what stable..

IMO One should apply in both IPO irrespective of Gmp as both are fundamentally good . Rest your call for you is final ...

Expected Subscriptions:

QIB - 48x
NII - 15x (BHNI - 10x, SHNI - 18x)
Retail - 5x

Total - 21x

As per the financials for the Q2 of FY24, the growth has continued to be significant QoQ, so is it possible that the P/E and other performance indicators mentioned in the description will be different?

The half year ended results can be accessed from company's website as below:
https://muthootmicrofin.com/wp-content/uploads/2023/11/Reg-52-Financial-Results-and-Audit-Report_26.10.2023_Sd.pdf

​@Crow Sir what is your verdict in Suraj

GMP only 50
That too very few trades happening
Constant fall from 100 to 50

Just an update

Take decision as per your own risk appetite

off topic: Dear CG members, it seems that IRM is forming nice base around 500. I am holding one retail lot since IPO. Please give the suggestions for exit strategy.

Hold for 6 month, I think 600 possible

Please hold upto 3 months.it wii reach 650.I am holding 3 BHNI since listing

​@newgen consultancy - Is Muthoot better or sooraj for SHNI. Will be going full force in Happy Forge and have some spare money and not sure which other is good. Let me know your view. Also share your thought on my strategy.

Suraj Estate is a better stock, from fundamental point of view. While, GMP for both stocks are at par right now, few days back Muthoot had upper hand which can happen again later. So, if you want some stability and fundamentally strong stock, Suraj would be a better choice.

Yes that's why I'm concern about muthoot.

AVOIDING…

Reason sir

So we can decide accordingly

Rs.58 - 60 Chhot Phoot kaam

Turns out Muthoot Microfin CEO Sadaf Sayeed's favourite MP is Mahua Moitra. I'm not wasting my hard-earned money on this IPO.

Thanks sir for highlighting
I will not apply now,👍👍

I don't see GMP to apply for your information. But I do have sense that an key mangament professional is also an person with his personal choice.

I will not mix his personal choice and work.
As long as company is fundamentally good I will apply.

Be it Adani, reliance, tata or any company.

ceo is face of campany.....only his business decisions will effect the company not his personal life

Not his personal choice like his political support..... everyone r free to vote who they want. How does his personal choice effect the company.. .. what matters is when political influence is used to get lobbying, that what it matters.

I have made profits in all ipo and i only see everything in business terms

I tell the same to those who don't invest in reliance because of promoter personal choice

Muthoot or Suraj which one is better?

I think Suraj

Safe 10-20% bet with lower subs

Muthoot coming at high pe, not sure why such craze

Does anyone know/use any small finance bank which offer ASBA facility on FD amount, to be clear not OD one.

Thanks for your Reply.

Thanks @Aaashish Ji ,what interest they are offering in sweep FD as of now?
Is there any option to book sweep FD online?

Once again thank a lot @Jai Jai Pratap Ji

Bank executive told me it's 8

I got it done by bank executive, not sure if we can do it online

If you are in Delhi,let me know

I can connect you with him

Hello experts,
Any possibility of discount listing? Should I go with motison or muthoot? I see better allotment chances in Muthoot but I'm concern about discount listing.Please guide me what to do.
I have 4 account and I can do shni bhni both.

chances of allotment in Motisons are quite low and here it's quite high but this might give a flat listing looking at GMP.

Can anyone explain why it is coming at 24 pe and is still considered fair value

Peer fusion is at pe of 12

Similar pb of 2.3

Npa is .3, less than .6 of fusion which is a good thing

However, doubling of pe based on this metric is not justified in my opinion

Growth in top line and bottomline is good in both

What did I miss

​@Aaashish How are you getting forward PE of 8? Fusion PAT for H1 24 is ~250 Cr, annualized is 500 Cr and market cap is 6000 Cr, so again 12x. Now apply relative growth rates of Muthoot and Fusion and you'll see why Muthoot can list at a premium even thought IPO price is at 12x multiple

Yes Rohit

I read about its forward pe by a learned and respected member so didn't crosscheck

You are correct

sir,

can anybody advise if there is shareholder quota in muthoot microfinance for muthoot finance shareholders?

No

Do rate the helpful post

What is the current GMP of muthoot

Good response in retail in first 3 Hrs.. first day... even though funds are blocked in closed IPOs..

Again chances are becoming low for retail... 😜

Tata tach mein bahut logon ko ipo nahin laga. Bahut Paisa hai public ke paas, dekhte jaiye. It is always going to be lottery for any category. Keep applying and you never know when lady luck will smile upon. All the best 👍

Gmp dropping day by day, is it good to apply in this ipo for listing gain?