Muthoot Finance Ltd IPO Message Board (Page 6)

Even i m holding about 800 shares at ipo price. I believe we can get a btr price.

called broker at 9.10 to sell at 225. But doubted that he may not see
and hence went to his office at 9.16. It was trading at 183. Put sell order at 189.9 ( 479 shares ). Profit 7137.1 - 2000 int cost - 1050 tax
net : 4087.10. End of Muthoot Story.
Bye

do not buy this stock as gold is headed down. the company's npa will go up - sell and look for better businesses

SK - I think as soon as Muthoot goes above 175 (issue price) it will see selling pressure from people who have missed the morning session. I am holding onto my shares as I believe the price should settle bit higher (subject to market conditions) in the next few days. Not planning to buy at lower levels though.

Muthoot is now MUUUUUUUUUTUUUUUUUUUU.....

Up again................Short covering started seems

Will it worth buying at this level for short-med target ?

It was expected By Mr sreedhar Below 196/- it it to be short.
It is 1000000000000000000000000000% correct

In my last review on Muthoot I told some about this as this is not a Gold mine as if some body telling Gold prices are UP hence Muthoot Up but that person not agreed and todld some thing.
So finally market agree to keep Muthoot to 30 above than Manappuram.It is means now manapuram and muthoot may run with Rs 30/- Difference for some time.
This should be the lesson to be learnt.

MUTHOOT AS ACTUALLY NOW IS MUTU.IT RUINED THE HOPE OF ITS INVESTORS.I HAVE SAID THIS BEFORE ."FUTURE VENTURE" WILL GIVE BLOCKBUSTER OPEANING

Mr. Asish,

862. Ashish ramniklal May 06, 2011 1:12:53 PM IST | Like | Report Abuse
Ashish ramniklal's - IPO Recommendations, IPO Comments, Public Profile
I reqeust to all retail investor complain to SEBI for huge premium take by company.

No use to send any complain to SEBI. Because all are the seeds of this Govt. NHPC, NTPC, NMDC, SHILPI, Reliance Power, Jaypee Infra, SCI, PTC India, Shilpi Cable, Emmbi Poly. ANYONE can bring ANY IPO at ANY rate. This is now our great Indian’s IPO theory. Because all Lead Managers, Registrars, Merchant Bankers, SEBI, Govt. Officials will shake hand to make fool to Retail Investors and Aam Aadmi.

That’s what we never believe on this total IPO theory after coming this Govt. Hence, already we have post message that Muthoot will give discount post listing where everyone was optimistic that it will be super listing. Now, everyone telling that we should complain. Our suggestion that please don’t believe even 0.0001% on IPO theory of Indian Market till this Govt. is there.

Even if you try to complain they will do breakfast and lunch on your complain papers or they will throw it in dustbin as it has already happened for objecting towards raising limit by Rs. 2.00 Lakhs for retailers. Have they listened? Inspite of 90% retailers object but they don’t listen.

You can read my post on 16th April 2011 as a proof that we don’t believe.


90. Raja Batra Apr 16, 2011 2:39:02 PM IST | I Like It. Like | Report Abuse

Raja Batra's - IPO Recommendations, IPO Comments, Public Profile
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.

Holding on to the shares still on the belief of the company & business. Let us see.

Sl. No.      Name of the Shareholder      No. of Shares      Locked-in Shares as % of
Total No. of Shares
1       M G George Muthoot       47,385,132       12.75
2       George Thomas Muthoot       44,464,400       11.96
3       George Jacob Muthoot       44,464,400       11.96
4       George Alexander Muthoot       44,464,400       11.96
5       Susan Thomas       29,985,068       8.07
6       George M Jacob       15,050,000       4.05
7       Elzabeth Jacob       14,935,068       4.02
8       Anna Alexander       14,935,068       4.02
9       Sara George       13,519,336       3.64
10       Matrix Printers India Investments LLC       7,845,178       2.11
11       George M Alexander       7,525,000       2.02
12       Eappen Alexander       7,525,000       2.02
13       George M George       6,772,500       1.82
14       Alexander M George       6,772,500       1.82
15       Baring India Pvt Equity Fund III Ltd       6,404,256       1.72
16       Welcome Trust Ltd       4,963,334       1.34
17       Kotak India Pvt Equity Fund       3,042,022       0.82
18       Baring India Pvt Equity Fund III Ltd       1,308,240       0.35
19       Citigroup Global Markets Mauritius Pvt Ltd       1,308,240       0.35
20       Credit Suisee (Singapore) Ltd       925,160       0.25
21       ABU Dhabi Investment Authority Ganges       780,000       0.21
22       Goldman Sachs India Fund Ltd       702,000       0.19
23       Swiss Finance Corporation (Mauritius) Ltd       654,120       0.18
24       Birla Sun Life Trustee Company Pvt Ltd A/c BI       577,840       0.16
25       Royal Bank of Scotland PLC as Trustee of       467,240       0.13
26       Equanum International       261,640       0.07
27       Ashok Flowering Tree Mauritius       261,640       0.07
28       Jupiter South Asia Investment Company Ltd       186,880       0.05
29       Kotak Investment Advisors Ltd       160,106       0.04
30       Birla Sun Life Trustee Company Pvt Ltd       117,000       0.03
31       Birla Sun Life Trustee Company Pvt Ltd A/c BI       100,000       0.03
32       Birla Sun Life Trustee Company Pvt Ltd A       50,000       0.01
33       Birla Sun Life Trustee Company Pvt Ltd       25,000       0.01
Total       327,937,768       88.22

DONT SELL IN HURRY. total 88.22% shares are in locked in Period..
Wait for Very Good rate till 250.

RBI rate hike spoiled the listing of SBI bonds then. Now the RBI policy change has spoiled the listing of Muthoot.

I reqeust to all retail investor complain to SEBI for huge premium take by company.

@Sreedhar :-
What would you advice be on buying this stock @160 levels today ?

@bangaloreking :-
Which JP morgan cut, can you post the relevant link ?
Althought I don't own any SKS anymore but I was a huge fan of this stock once. Suffered a small loss when it was trading at 600 levels..!

I still agree with him.

---
Here is a verbatim transcript of Udayan Mukherjee’s comments on CNBC-TV18. Also watch the accompanying video.

It got very-very good response, 25 times. Qualified institutional buyers (QIBs) bought a lot of it. There is a scarcity in that sector. There is only one Manappuram which is listed. I guess people would want another exposure here. This is the largest player in gold loans space. So, Muthoot should do well.

It is not terribly expensive. It came at a price to book at around 2.25-2.3 and that is the Manappuram valuation as well. So, I think it is conceivable, given the return ratio that Muthoot works at and the kind of growth that they are seeing for the last couple of years, very high growth stock. I know there are some concerns out here. But I think 2.5 kind of price to book is not very difficult to defend for this kind of a high growth gold loan company which has only two listed companies in the space.

Even at a 2.5 kind of price to book, would take the price to beyond Rs 200. The rest depends on how good the market is feeling etc. It also has to be benchmarked against a lot of the banking stocks; blue chip banking stocks which have corrected to that below 2.5 kind of price to book. So, I think you need to keep an eye on that as well that valuations on probably some of the more pedigree companies have come down to even more attractive levels than Muthoot. So, Rs 200 plus yes, but anything substantially beyond that, I think probably see better value in the private banking space.

SKS Micro butchered today after JP morgan price cut.. bleeding.. hope we don't have ppl still holding it.

Hi All boarders,

It is very disappointing to see matured people behaving like child.
I exited all my muthoot shares in the range of 179-186. Shorted and covered it thrice in intraday as it went below our expected listing price. this is done as per expert advice given by Sreedhar in the board.Thanks Sreedhar and Also thanks for Gem IPO for sharing info on IRB infra, made some small loss but that is because of my greed to get big profit even though i got a chance to exit @ lil profit..
For new boarders there are some distinguished boarders advice which can be considered and then follow ur own course.

doomed.... trading at 164

I said 150 - 160 !! now its 167 -> approaching
wait till evening