Muthoot Finance Ltd IPO Message Board (Page 47)

DEAR ALL

THERE WILL BE NO RETAIL DISCOUNT IN MUTHOOT..........

LATEST GREY IS AT 35.50/36.50

WISH U ALL A HAPPY NEW FINANCIAL YEAR........

JAY JINENDRA

Hope news about Bank of Baroda bonds comes before the end of Muthoot IPO so that I can take a decision of distribution of my funds.

WHAT IS THE FAIR VALUE FOR MUTHOOT FINANCE .... ?

IF U READ MY EARLIER POSTS WHERE I CALCULATED THAT MUTHOOT HAS 2X SALES AND PAT THAN MANNAPURAM WHOSE MARKET CAP STANDS AT 5200 CRORES SO MUTHOOT MARKET CAP SHOULD BE 10000 CRORES MEANS PER SHARE VALUATION OF AROUND RS. 250-260.....

BASED ON PE FRONT MANNAPURAM TRADES @ 23 PE, AT THIS PE MUTHOOT PRICE SHOULD BE 11*23 240

AT 5 TIMES BOOK SHARE SHOULD QUOTE @ 55*5 = 225

SO IN MY EYES 220 IS POSSIBLE

FUTURE IS NOT VERY VERY PRETTY AS BANKS WILL GIVE THEM TUFF COMPETITIONS IN EVERY ASPECT VIZ LOAN RATE AND SAFETY OF GOLD DEPOSITED ETC

I M EXPECTING RETAIL SUBSCRIPTION AROUND 22-24 TIMES.....
SO ALLOTMENT PER 2 LAC APPLICATION WOULD BE AROUND 45-50 SHARES AND GAIN WOULD BE 2500-2800/2 LAC....

INSPITE OF THE FACT THAT EVERYTHING IS GOOD VIZ PRICING SIZE OF IPO RETURN WOULD BE AROUND 2500/2 LAC APPLICATION

Dear sreedhar how many times do u feel that retail portion will over subscribe in muthoot finance.

Smart investment has mentioned BOB bond Issue.Grey market also started in it seems.So I think BOB issue may come in parallel with Muthoot.4000 per 2 lakh kostak in addition to interest & other .

Sreedhar,

Any idea about bob bond issue?
Is it true it will come on 22 this month?

Let us know.

I personally like the Business model of Muthoot finance..loan on gold..where in loan defaulters will be very less and business is very transparent. company is making good profits over last four years. Hence. i personally see a good profit margins from the current listing in next 2 months.

A discount of up to 10% of Issue Price to Retail Individual Bidders, to be decided by the Company,at least two Working Days prior to the Bid/Issue Opening Date.

how many times will muthoot finanace subscribe in retail segment?

Friends,
Muthoot has left a lot on the table so we can go for it.The problem will be oversubscription.Hence I will wait till last date & check if any IPO comes which can give greater returns.

MUTHOOT FINANCE IS BIGGER AND EFFICIENT CO THAN MANNAPURAM FINANCE,
I M COMPARING BOTH

muthoot finance:-

FOR 8 MONTHS ENDED NOV'10, MUTHOOT HAD SALES OF RS. 1301.66 CR AND PAT OF RS. 291.48,NW IS RS.1131.45 CRORES ( AS PER RHP)

SO IF WE ANNULISE THE 8 MONTHS FIGURES WITH LOW EXPECTATIONS SALES FOR FY'11 WOULD BE AROUND RS.1900 CRORES AND PAT WOULD BE RS.420 CRORES,NW WOULD BE RS 2100 CRORES (POST IPO)

POST IPO SHARE CAPITAL WOULD CONSIST OF 37.17 CRORES SHARES

SO EPS FOR FY'11 WOULD BE RS.11, BOOK VALUE = RS.55/SH

ASKING MARKET CAP IS AROUND RS. 37.17*175= 6500 CRORES


mannapuram:-

FOR 9 MONTHS ENDED DEC'10 MANNAPURAM HAD SALES OF RS.761.07 CRORES AND PAT OF RS. 181 CRORES

IF ANNULISED SALES FOR FY'11 WOULD BE 1000 CRORES,PAT = 240 CRORES

ITS EPS WOULD BE RS. 5.5/SH, SO PE = 25 TIMES
AND MARKET CAP OF RS.5300 CRORES


CONCLUSION:

(1)MUTHOOT IS 2X OF MANNPURAM IN TERMS OF SALES AND PAT, SO MARKET CAP SHOULD ALSO BE 2X MEANS 13000 CRORES MEANS PER SHARE VALUE OF MUTHOOT SHOULD BE 350.

(2)AT 20 PE PRICE SHOULD BE RS 220. AND CHEAPER THAN MANNAPURAM

(3) AT 4 TIMES BOOK PRICE SHOULD BE 220. AND CHEAPER THAN MANNAPURAM

SO MY TARGET FOR LISTING GAIN IS 220

ANY IDEA OF COMPANY'S FINANCIALS FOR THE 9 -MONTHS PERIOD ENDING DEC 2010 ? THESE FIGURES TOO SHOULD HAVE BEEN FURNISHED BY THE LEAD MANAGERS TO THE IPO. WHAT'S THE CURRENT EPS / PE MUTHOOT?

hi guys. i am following this blog from some time and it has helped me in making good profits from ipo. i think sreedhar and ravi are just fabulous. they have great knowledge about companies and i really admire them. should we invest in muthoot or not as retail discount is not given.

AVOID MUTHUT
.....AVOID MUTHUT
..........AVOID MUTHUT

BECAUSE
IN APPLICATION FORM THEY MENTIONED FOR RETAILERS DISCOUNT WILL BE DECLARED LATER.

NOW THEY ARE NOT OFFERING RETAILERS DISCOUNT WHY ? ? ?

THIS IS UNFAIR TO THE RETAIL APPLICANTS

I AM ALSO FROM KERALA AND MUTHOOT FINANCE LTD IS WELL ESTABLISHED COMPANAY HERE.ONE MUST APPLY FOR THE ISSUE. LISTING GAIN OF APPROX. 50 RS IS FOR SURE BUT THE ONLY BAD THING IS NO DISCOUNT IS BEING OFFERED TO RETAILERS. BUT ISSUE IS OVERALL DECENT.

»» Issue Open: Apr 18, 2011 - Apr 21, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 51,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 824.00 - 901.25 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 160 - Rs. 175 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE

Muthoot Finance Ltd IPO

Mr QuestForMoney at 56: I too got confused. Anyway, the Admn. has promptly reacted and since modified Issue size details correctly. We do appreciate promptness in action

Source : Economic times

Gold financing company Muthoot Finance today said it will raise over Rs 900 crore through its initial share sale offer, which will begin on April 18.

The company has set a price band of Rs 160-175 a share for the IPO of 5.15 crore equity shares, Muthoot Finance said in a public notice.

The Rs 901.25-crore IPO, opening on April 18, would close on April 20 for QIB bidders and on April 21 for retail and non-institutional investors.Muthoot Finance sets IPO price band at Rs 160-175 per share

New Delhi, Apr 13 (PTI) Gold financing company Muthoot Finance today said it will raise over Rs 900 crore through its initial share sale offer, which will begin on April 18.

The company has set a price band of Rs 160-175 a share for the IPO of 5.15 crore equity shares, Muthoot Finance said in a public notice.

The Rs 901.25-crore IPO, opening on April 18, would close on April 20 for QIB bidders and on April 21 for retail and non-institutional investors.

At the lower end of the price band, the company will raise Rs 824 crore, while on the upper end it will mop up Rs 901.25 crore.

The issue will constitute 13.85 per cent of the fully-diluted post issue paid-up equity share capital of the company, it said.

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

The IPO proceeds will be utilised to augment the company's capital base for meeting future capital needs, for funding of loans and for general corporate purposes, it added.

Kerala-based Muthoot Finance is a non-deposit taking, non-banking finance company. PTI SUM JD

At the lower end of the price band, the company will raise Rs 824 crore, while on the upper end it will mop up Rs 901.25 crore.

The issue will constitute 13.85 per cent of the fully-diluted post issue paid-up equity share capital of the company, it said.

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

The IPO proceeds will be utilised to augment the company's capital base for meeting future capital needs, for funding of loans and for general corporate purposes, it added.

Kerala-based Muthoot Finance is a non-deposit taking, non-banking finance company.

Courtesy # economictimes.indiatimes.com

muthoot finance 900 crore ka issue hai , sab ko full allotment dega, retail mein 2 se 3 guna se jyada subscirbe nahi hoga.,

Believe that Harish is saying abt Muthoot Capital services Ltd which is around 154 now.Is MCSL and Muthoot Finance which is coming for IPO now from same group? Can someone explain?