SKS Microfinance Ltd IPO Message Board (Page 28)

[779. SJ]

yes i am adding to discount of Rs50+35 to calculate 80 premium.......

Financial Sector is very hot nowday's . See Most of the PVT & PSU Banking stock's touching new high every day . Housing Finance Share's are marching upward's . Brokerage & Auto Finance companies stock doing extremly well . So This is a hot sector stock with backing of big & smart investor's ... Yes,,,,,,,,, prepare for Listing BONANZA ... BOL BUM

@ IPO KING

are u adding discount of Rs50+35 to calculate 80 premium ?

Coz according to me...GMP is 35 over retail price i.e. 935+35 ?

Please reply

SKS MICROFINANCE====

36 - 38 SHARES ALLOT IN RETAIL INVESTERS APPROX,

LISTING 16 AUG.....,

LAST GMP-RS.75-80 ....,

first of all let me tell u its not a useless share i have made 5 times return in it....i have sold my costing...of 20000 shares still i am sitting on 4 times return.... and i think it will again make 3 times from even here in 1 years time.....even if face value is 1.i.e from 33 at 1 face value it can go to 100 still..coz its revenue will grow 300% in fy11...

.obviously it will not go to 800...!!...in i year at 1 face value..in 1 year time...that will mean...it is has to grow 2000% revenues in 1 year.....anyways if u are not comfortable dont buy.....My argument was you should always...buy 1 sector leader and one emerging player in an emerging sector if u want to have full advantage...!!

Plz dont dream....that SKS will give same performance..as SE in 6 months....

When SE was 250...it had book value of 200...and PE was just 4....and it had corrected bcoz of 2009 crash so it was available at peanuts at that time......

SKS is already coming at 36 P.E. and it has tripled in 6 months from 300 to 985 now..

So be realistic and in 6 months u can expect 1600 and 1 year 1900-2200...I hope u got the logic now....I have explained comprehensevily to clear your doubt....More than this i cant make u understand...he he...u will not get 3000 or 6000 that u are expecting..in 6 months time..!!

Hi SJ. I understand that when FV changes, number of shares increases. So if I already have 10 shares at FV 2, they will become 20 when FV changes to 1 but the price will be half. So more or less it will be same thing. But as far as I understand, a share can reach 1000 from 200 if the face value is 10 but it can never reach 100 from 20 if FV is 1. Even to reach 50, it will take years for that share... So buying a share of FV 1 or 2 is useless I think..

Now the query is that as SKS FV is 10 and price is 985, should I try to buy as many as I can on listing day (below 1400 Price) for target 2000 within a week and target 4000+ within 6 months? Is SKS better than SE Investment or SE INVESTMENT reached 52 weeks high (Rs. 829.90) with the same FV (Rs. 2). Will it see 800+ again if the face value was 2 at that time?

In short, can we buy SKS for SE INVESTMENT kind of gain (600% in 6 months)?

@ Silent one

this is a traders delight...!!..It is a fundamentally good stock with operators involved....hence hold on...and accumulate more if comes down below 60/....90 will happen wait for 1-2 months....i know this very well.... after 5:1 stock split...from 800 it listed at 163 ex split . then it went all the way to 128....and then went to 200 in months time....so dont worry

Akash you are putting all accounting rules upside down...!!..he he....price target of 90 at least was....for 2 face value...so...price target for 1 face value is 45....your shares will double...and at cmp of 63 its value is 1200+.....no of shares have increased 20 times.....First understand the logic...

INVESTOR WOULD GET 40 SHARE ALLOTED PER FUUL APPLICATION...AND IT'S BEEN LISTING AROUND 1155 RS. SO CHEERS....

Hi SJ (760.SJ). I understand that the price is now low because the face value is changed and not it will be even 1 from tomorrow so that price will be around 32-33 (according to CMP). Now as the FV is only 1, there is no point of buying this stock because it can never see those 800 levels in its life. Even not 300 level.. But as the price at 250 was actually 1300+ for SE Investment, should we consider that SKS is actually very cheap share and I am expecting that it will list around 1200-1300 and we can expect min 200 within few days and 3500-4000 within 6 months? Is it good to put all money in SKS so that I can recover my loss....

Spectacular meltdown in SE investments
from morning 70-->63.5 ...seems lot of big players in this one ..investors will have to wait very hard as it will be manipulated a bit...

All those foolish people predicting it will list at 1200 rs will see it only in there dreams. there has been no demand from anyone qib,non ins and retail category .above all it was very expensive these are same fool people who predicted for reliance power and ultimately reliance power came to its correct price. same will happen with sks .finvestors are intelligent enough to know the correct valuation and they will stay away on listing.mark my words. you will see it closing below its issue price on listing.

As Engineers india was priced well i see decent returns coming only for engineers india.

Spectacular meltdown in SE investments
from morning 70-->65 ...seems lot of big players in this one ...

Cheques of SKS-IPO not cleared from my bank till date.

anybody confirm which prise final for allotement ?

Subscribe to Bajaj Corp IPO for listing gains: Way2Wealth
Published on Tue, Aug 03, 2010 at 14:42 | Updated at Tue, Aug 03, 2010 at 14:44 | Source : Moneycontrol.com
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The 45 lakh shares initial public offer (IPO) of Bajaj Corp, a part of Bajaj Group, has opened for subscription. Way2Wealth Securities advised subscribing the issue for listing gains, according to its research report.

The company intends to raise Rs 283.50 crore at lower end of price band and Rs 297 crore at higher price band. Bajaj Corp is one of India’s leading producers of hair oils. Its key product is Bajaj Almond Drops. In addition, it markets hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine Hair Oil. It also produces oral care products under the brand name Bajaj Black Tooth Powder.

The report says, "At the lower and upper end of the price band, the issue is quoting at P/E of 22.1-23.2x its FY10 earnings. Its peers in the FMCG space are trading at trailing P/E in the range of 31-39x. The IPO is priced cheaply as compared to its peers, very well discounting the above concerns. The Company intends to diversify into other products and also inorganically, this seems to be too futuristic as the product portfolio has been more or less the same since its inception in 1953. Though the financials and the pricing of this issue provide some comfort, much depends on how the Company is able to effectively diversify into new product lines and segments and is able to bring down its heavy dependence on one product. However, one can subscribe for listing gains."

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment

Subscribe to Bajaj Corp IPO for listing gains: Way2Wealth
Published on Tue, Aug 03, 2010 at 14:42 | Updated at Tue, Aug 03, 2010 at 14:44 | Source : Moneycontrol.com
EmailPrint Share StoryComments
Ads by Google
Technical Analysis Alerts

Free Technical Analysis Newsletter Alerts On Penny Stocks About To Run WhisperFromWallStreet.com/TA

The 45 lakh shares initial public offer (IPO) of Bajaj Corp, a part of Bajaj Group, has opened for subscription. Way2Wealth Securities advised subscribing the issue for listing gains, according to its research report.

The company intends to raise Rs 283.50 crore at lower end of price band and Rs 297 crore at higher price band. Bajaj Corp is one of India’s leading producers of hair oils. Its key product is Bajaj Almond Drops. In addition, it markets hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine Hair Oil. It also produces oral care products under the brand name Bajaj Black Tooth Powder.

The report says, "At the lower and upper end of the price band, the issue is quoting at P/E of 22.1-23.2x its FY10 earnings. Its peers in the FMCG space are trading at trailing P/E in the range of 31-39x. The IPO is priced cheaply as compared to its peers, very well discounting the above concerns. The Company intends to diversify into other products and also inorganically, this seems to be too futuristic as the product portfolio has been more or less the same since its inception in 1953. Though the financials and the pricing of this issue provide some comfort, much depends on how the Company is able to effectively diversify into new product lines and segments and is able to bring down its heavy dependence on one product. However, one can subscribe for listing gains."

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment

Subscribe to Bajaj Corp IPO for listing gains: Way2Wealth
Published on Tue, Aug 03, 2010 at 14:42 | Updated at Tue, Aug 03, 2010 at 14:44 | Source : Moneycontrol.com
EmailPrint Share StoryComments
Ads by Google
Technical Analysis Alerts

Free Technical Analysis Newsletter Alerts On Penny Stocks About To Run WhisperFromWallStreet.com/TA

The 45 lakh shares initial public offer (IPO) of Bajaj Corp, a part of Bajaj Group, has opened for subscription. Way2Wealth Securities advised subscribing the issue for listing gains, according to its research report.

The company intends to raise Rs 283.50 crore at lower end of price band and Rs 297 crore at higher price band. Bajaj Corp is one of India’s leading producers of hair oils. Its key product is Bajaj Almond Drops. In addition, it markets hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine Hair Oil. It also produces oral care products under the brand name Bajaj Black Tooth Powder.

The report says, "At the lower and upper end of the price band, the issue is quoting at P/E of 22.1-23.2x its FY10 earnings. Its peers in the FMCG space are trading at trailing P/E in the range of 31-39x. The IPO is priced cheaply as compared to its peers, very well discounting the above concerns. The Company intends to diversify into other products and also inorganically, this seems to be too futuristic as the product portfolio has been more or less the same since its inception in 1953. Though the financials and the pricing of this issue provide some comfort, much depends on how the Company is able to effectively diversify into new product lines and segments and is able to bring down its heavy dependence on one product. However, one can subscribe for listing gains."

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

SKS Microfinance IPO oversubscribed – Could list above Rs 1200
August 3, 2010

in Microfinance India

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SKS Microfinance, the Indian Microfinance Institution backed by investors which included Sequoia Capital, Narayan Murthy,Vinod Khosla and George Soros closed it’s IPO yesterday and had received bids for 13.69 times the stock available in an initial public offering.


sks microfinance ipo

The portion allocated to QIB’s was oversubscribed 20.38 times,while the portion for HNI’s was oversubscribed by 18.62 times.The retail investors portion was oversubscribed by 2.81 times.

SKS Microfinance IPO – Combined Demand on BSE & NSE

SKS Microfinance’s IPO was able to attract blue chip investors which included funds managed by Morgan Stanley, BNP Paribas, Soros’s Quantum Fund, Goldman Sachs Group, JPMorgan Chase, Nomura Holdings and Fidelity Investments.

SKS Microfinance gains from extra day given for small investors

The decision by Sebi to give an extra day for retail investors to bid for IPOs and FPOs seems to be paying off.

SKS Microfinance which was over subscribed 13.69 times also saw large HNI and retail response on the last day for these categories of investors.

The QIB segment of SKS Microfinance was subscribed 20.38 times by Friday evening. However HNI’s and Retail investors had bid for only 0.13 and 0.16 times respectively on Friday (the last day for QIBs). But when bidding opened on Monday these categories ended up with over subscription of 18.26 and 2.75 times, respectively.

SKS Microfinance Listing Price

SKS Microfinance is expected to soon announce the cut off price and the allotment ratio. Looking at the demand from Institutional investors, some analysts are predicting that SKS Microfinance could list in the minimum range of Rs 1200- Rs 1300, giving investors gains of 20-30 %. However if sentiments in the global markets improve the listing price could be even higher, an analyst with a broking firm predicted.

The IPO of the mexican microfinance institution Banco Compartamos was oversubscribed 13 times when it hit the primary markets in April 2007, and the share price had surged 22 percent in the first day of trading , even though the offering price was twelve times the book value of the company.

Other Microfinance Companies fast track their listing plans

Market sources reveal that with the positive response and successful completion of SKS Microfinance’s IPO other microfinance institutions are getting ready to hit the primary markets. Spandana Sphoorty Financial, the country’s second largest microfinance institution (MFI), is expected to announce it’s decision soon. Other large MFIs which could go public are SHARE Microfin and Asmitha Microfin. BSFL which is promoted by the BASIX Group had announced that it will be looking at an IPO only after 2012.

MUMBAI: Lender SKS Microfinance raised about $358 million in an IPO after pricing the sale at the top end of an indicated price band, signalling
strong investor appetite and the likelihood of more such offers coming to market.

The IPO, which values the firm that gives tiny loans to poor women at $1.6 billion, has drawn such high-profile investors as billionaire George Soros, venture capitalist Vinod Khosla and Infosys Technologies founder N R Narayana Murthy.

The initial public offering, which closed Monday, was priced at 985 rupees ($21.3) a share, said a source, who could not be identified because he was not authorised to speak to the media.

The sale of 16.8 million shares received bids for 13.7 times the shares on offer, stock exchange data showed. The company last week allocated 3.02 million shares at the same price to 36 cornerstone investors, including the fund management arms of JP Morgan, Morgan Stanley and Goldman Sachs.

Some microfinance institutions (MFI) and not-for-profits have criticised the IPO, the first from an Indian MFI and one of only a handful in the world, for its high pricing and the sale of shares by private equity investors who stand to make millions.

But others say it is a sign that MFIs in India, where 40 percent of its 1.2 billion population lives on less than $1.25 a day, are quickly reaching scale and drawing serious investors, enabling financial inclusion in Asia's third-largest economy.

"If investors are making money of it, it's clearly a profitable industry, which is not necessarily a bad thing," said Olivia Donnelly, executive director of UK-based Shivia Microfinance, a non-profit which focuses on India and Nepal.

"It's also really down to supply and demand: there are several socially conscious investors chasing after a few firms such as SKS that are seen as doing good," she said.

MICRO CREDIT BUBBLE?

But the danger with so much capital, especially private equity, sloshing about is high valuations, Donnelly said. SKS is valued at more than 6 times book value, or three times the global average, and higher than other Indian MFIs, according to The World Bank's Consultative Group to Assist the Poor.

"The good news is: MFIs are growing, they need capital. And investors want microfinance exposure. They're buying MFIs like they bought IT 10 years ago," said Xavier Reille, a CGAP manager. "But the valuations don't reflect earnings expectations, they're due to excess capital flows. We don't see fundamentals backing these valuations. It can only lead to disappointment."

At least half a dozen large Indian MFIs, encouraged by the response to SKS, may be contemplating IPOs, analysts say. These may include Spandana Sphoorthy Financial Ltd, Share Microfin Ltd, Asmitha Microfin and Bhartiya Samruddhi Finance. "Clearly, now that SKS has got this kind of valuation, others will be looking at similar or even higher valuations," said Pankaj Agarwal, an analyst at brokerage Execution Noble which had an "Avoid" recommendation on the SKS IPO.

SOME OF THE BOARDERS ARE EXTREMELY BULLISH ON THIS SCRIP. LET ME PRESENT MY VIEWS AS WELL:-

1. SJ 751 SUGGESTS A LISTING OF 1200-1300. IF THIS IS TRUE THAN MOST OF THE MUTUAL FUNDS, QIBS ETC IN INDIA ARE EXTREMELY FOOLISH PEOPLE THAT THEY APPLIED ONLY 20 TIMES FOR THIS IPO.

2. VINAYAK 759 SAYS THAT THIS WILL LIST ABOVE 1250 AND WE SHOULD ADD MORE SHARES AFTER LISTING. IF WE WERE TO DO THIS, THEN WHY NOT TO APPLY AT 935. ONLY 2.81 TIMES IN RETAIL SHOWS THE KIND OF CONFIDENCE OF RETAIL IN THIS IPO. I CANT UNDERSTAND THE LOGIC OF THE SAME. FIRST OF ALL ITS HARD TO BELIEVE THAT THIS WILL LIST ABOVE 1250, THEN IF AT ALL THIS HAPPENS, ASKING RETAILERS TO BUY MORE ON LISTING. RETAILERS ARE NOT APPLYING EVEN AT 985-50 AND THIS GUY IS ASKING THEM TO BUY AT 1250.

I AM NOT SAYING THAT IT IS NOT POSSIBLE THAT IT WILL LIST AT 1200. ANY THING IS POSSIBLE IN SHARE MARKET. ASTER CAN LIST 150 AND CAN GO 240 SAME DAY. NEXT DAY HAVING UPPER CERCUIT IS ALSO POSSIBLE. BUT THEREAFTER CONTINUOUS LOWER CERCUIT IS ALSO POSSIBLE. SPECULATION CAN DO ANYTHING BUT ULTIMATELY FUNDAMENTALS ARE MUST FOR VALUATION. RETAILERS SHOULD KEEP THIS MIND. OTHERWISE ***SKS HO JAYEGA.

NOTE : ***SKS = SUB KUCH SAAF





I DONT DENY THE POSSIBLITY FOR THE SAME. BECAUSE ITS SHARE MARKET ANY THING CAN HAPPEN,

@ vinayak

looks like you have the entire script in hand....is it wishful thinking or you know some punters or operators...?

asking out of interest....dont take in negative sense

Always buy one leader and one emerging player in a sector to take full advantage of it....

3000 in 6 months is asking too much 1900-2100 is more realistic