Muthoot Finance Ltd IPO Message Board (Page 46)

Mr. Jaysukh Barot - 75,

Tracking both the side Muthoot may give discount. Firstly it may give discount to retailers on allotment. If not on allotment then you will definitely get this discount immediately on listing day. I think you have understand.
Because 99% companies who have mentioned discount are always come in discount immediately after listing i.e. Reliance Power, Jaypee Infra, NMDC, NTPC, SCI, SJVN etc. The market is at peak leven and if there is meager correction at the time of listing retailers will definitely get more than 10% discount.


75. jaysukh barot Apr 15, 2011 2:05:04 PM IST | I Like It. Like | Report Abuse

jaysukh barot's - IPO Recommendations, IPO Comments, Public Profile
Hi I want to know that muthut finanace possible to give the discount for retail category. If not than subcribe this ipo?. That price is fare? In retail 180000 shares so how much time subcrbe ?

Gane,
Add to the list Credit suisse & Birla sunlife all A class investors.

Muthoot Finance raises $30 mn from anchor investors

Muthoot Finance has raised about Rs 1.3 billion ($30 million) from 11 cornerstone investors, the company said in exchange filings, ahead of the launch of its initial public offering to raise up to $203 million.

The company, which provides personal and business loans secured by gold, alloted 7.7 million shares, or 15 per cent of the total offering of 51.5 million shares, to anchor investors at Rs 170 a share, it said in the filings late on Friday.

The anchor investors that bought shares in the pre-IPO sale include Citigroup Global Markets Mauritius , Abu Dhabi Investment Authority , Goldman Sachs India Fund and Baring India Private Equity Fund, the filings showed.

The price band for the initial public offering, which opens on Monday and closes on Thursday, has been set at 160 rupees to Rs 175 a share.

ICICI Securities and Kotak Mahindra Capital Co are the book running lead managers to the issue while HDFC Bank is the co-manager.

Source: Economictimes.

Dear Ravi Banglore/ Gem IPO
Someone wants to lend me 5 lacs @1.5% PM for 3 months.I have 4 D.Mat accounts and Rs 8 lacs capital of my own.As Gem mentioned there r many IPOs and Bonds in pipeline.
Need ur valuable suggestion regarding this offer.

Gem, I do not want any special discount for me r u a knowlageble and intelegent advisor so i want to know from your side about the discount. If u have received any discount any ipo with attached copy of request letter u produce this. I realy intersted to invest in ipo so please what is the Kostak prise Rs. 1 lakh application. where it possible to sell.

IPO Note of Muthoot Finance Ltd



Given below are the issue details.



Issue Opens on: Monday – April 18, 2011



Issue Closes on: For QIB Bidders - Wednesday – April 20, 2011

For Non-QIB Bidders - Thursday – April 21, 2011



Bid Lot: 40 Equity Shares



Price Band: Rs.160/- to Rs.175/-



No. of Shares: 51,500,000 shares



Issue size: Rs. 824 – 901.25 cr



Issue highlights

l Muthoot Finance Ltd. (MFL) is the LARGEST gold financing company in India in terms of loan portfolio. Gold Loan portfolio as of Feb 2011 comprised approx. 4.1 mn loan accounts in India that were serviced through 2,611 branches across 25 states in India. Approx. 67,953 customers per day were catered to by MFL in Feb 2011.

l Equipped with collateral for the loans provided to clientele; MFL currently has minimal NPA (0.5%) which speaks volume of the quality of its investments. Moreover, as on 8M FY 2011; RONW stands at 29.6%; NIM stood at 9.2% and capital adequacy ratio stands healthy at 15.1%.

l Till date; MFL has been primarily South region focused player with approx. 70% of its branch network positioned there. MFL is rapidly scaling up branches in Northern and Eastern regions and company is expected to achieve formidable presence in this region thereby reducing its high dependence on single region in the medium term. The next trigger will be to replicate the success achieved down South when it reaches newer geographies.

l MFL has achieved stellar financial performance in previous fiscals. The NBFC has registered a CAGR of 65% in total income, 68% in operating income and 71% in net profit over the period 2006-2010.

l CRISIL and ICRA have graded 4/5 for the MFL IPO indicating that the fundamentals are above average relative to other listed equity securities in India.

hi,
hello sreedhar, r and ravi banglore and my beloved friends from surat, jaipur and rajkot,
there is talk going on whether to apply or nor because it is quite big issue and operator might not/will not try his hand in this issue,

i know every border from this site will apply for listing gain, but mind u after a long time, some kind of safe issue have come in the horizen, where some kind of rs. 20 to 25/- can be made irrespective of market conditions?

please do apply but on rs. 2 lacs application, u will not get more than 1500/- to 1900/- kinds of return, mark my word, looking at the craze and expected allotment and above all sebi rs. 2 lacs application formula, small retailer will not get more share, all HNI have openened at least 40 to 50 account and start operating from that accounts to get the benefits at the cost of retail applicant, above all SEBI is also playing in the hands of these HNI.

apply for a small gains if u desire...........thanks buddy for your support

Muthoot Fin raises Rs 131 crore from 15 anchor investors

Gold financing company Muthoot Finance on Friday allotted 7.72 million shares to raise about Rs 131 crore. The shares were allotted to 15 anchor at Rs 170 per share. Citigroup Global Markets and Baring India were alloted 1.3 million shares each, while Credit Suisee got about 0.92 million shares. Muthoot Finance has set the price band for IPO between Rs 160 and Rs 175 per share

I attended the IPO meet of Muthoot Finance Ltd,

they said that their is a change in the outlook among the people towards the gold loan market and it is not only the people at the bottom of the pyramid but above middle class people are also increasing availing these loans instead of Credit card and personal loans, they also said that they have close to 100 tonnes of gold with them as collateral and they charge around 19% interest rates.. I am sure you can find these and other detailed info on their RHP...

besides I also wanted to know about BOB bonds, I could not find anywhere about the BOB coming out with bonds, is it real that the bonds are coming in April or its a market rumors !!

Capital market 47/100

Muthoot Finance annualized EPS for 8M FY 2011 on post-issue equity works out to Rs 11.8. At the price band of Rs 160 to Rs 175 P/E works out to 13.6 to 14.9 times. Manappuram General Finance and Leasing Company (MAGFIL) another Gold loan company with less than half of its size in terms of income is currently trading at P/E of 22.4.

Current book value of Muthoot Finance is just Rs 35. Post-issue Book Value works out to Rs 52.6 and Rs 54.7 at issue price of Rs 160 and Rs 175, respectively. P/BV at both the bands works out to be 3.0 and 3.2 times, respectively. MAGFIL is currently trading at a P/BV of 2.9

MUTHOOT FINANCE LTD IPO


The company has failed in disclosing 12 litigations against itself and its group companies and 79 litigations initiated by the company. How come so many litigations have been left out? This leaves poor diligence on part of BRLM as also on part of the company. With total of 7,075 litigations pending by and against the company, a lot of efforts, time and cost will be spent on fighting or defending them. Also, it seems that BRLM and company have issued a corrigendum only after one of the litigant against the company, wrote to all Lead Managers associated

ONE SHOULD BE CARE FUL WITH SUCH TYPE OF MANAGEMENT WHEN THEY HAVE FAILED TO ANOUNCE IN THE RED HEARING PROSPECTUS THAT MEANS THEY WILL BE HIDDING SOME THING ELSE ALSO

HOWEVER THERE WILL BE LISTING GAINS ON ALLOTMENT

pure satta,
You can go for the first option.

well one should subscribe for the ipo as the kostak price is rs 3200 for each 2 lacs application and one should go for ASBA option as the unblocked amount can be used for GALAXY OR FUTURE GROUP'S ISSUE

i will apply muthoot by ASBA and alllotment will be less than 10000 and use the unblocked fund in galaxy. i have 2 options here

1. to sell my 5 applications in gray with 5X3000rs less 1000rs interest for IPO Funding i.e. 10000rs profit but less chances of getting refund before galaxy IPO.

2.to sell only 2 applications without funding and take 2X3000rs profit with chances of getting refund to utilise for galaxy IPO,

shreether, please advise.

jaysukh barot

yes mr barot there is a discount waiting for u ,kindly apply and attch a letter that u wish to get discount, they will offer u for sure....

Hi I want to know that muthut finanace possible to give the discount for retail category. If not than subcribe this ipo?. That price is fare? In retail 180000 shares so how much time subcrbe ?

Any idea about Bank of baroda bond issue

58 Amit Mishra

Apply for all small issues without considering fundamentals. If I have any information, I will express my opinion.

If issue price breaks, exit immediately. You make more money than you loose. You need to have conviction especially for bad issues. But, you need no worry. History suggests you make money.

PARAMOUNT PRINTPACKAGING LIMITED - ICRA rating 2

The assigned grading takes into account the long track record of the promoters in the packaging industry; improvement in customer base with addition of established FMCG and pharma companies in recent years and positive demand outlook for the company’s product portfolio on account of favourable demand scenario for the pharmaceutical industry and FMCG sector. The proceeds of the IPO would be utilized for setting up a new plant at Bhilad in Gujarat for manufacturing high value added products, namely high end duplex board cartons, shippers and printed corrugated box. The demand potential for the same is expected to be favourable on account of impetus in the end-user industries, mainly pharmaceuticals, FMCG, auto-ancillaries, tobacco, and food and beverages. The grading is however constrained by PPL’s modest size and scale of operations; weak net profitability levels due to heavy interest burden and depreciation costs; high working capital intensity in the business and the expected decline in return indicators in the near term given the large expansion and the resultant equity dilution. Also, while the demand potential is favourable, the company would face high project implementation risks in setting up the new project, especially given the large size of the expansion in relation to existing operations of the company as well as the limited progress achieved on the same and the dependence on IPO proceeds for financial closure. ICRA notes that going forward, successful commissioning of the project would augment the revenue size and profitability indicators; however, the same would remain dependent on successful implementation of its new project as well as market acceptance of the products.

Hello anybody tell me about is subscribe muthoot finance or not???
and any approx listing price????