SKS Microfinance Ltd IPO Message Board (Page 44)

gem,
what is your strategy on SKS if retail is subscribed 1.5 times which I think is most probable.Will you still subscribe or opt out of SKS

Hey plz anyone tell me SKS latest GMP as on saturday 31st

for serious boarders....critics and supporters alike plz read this moneycontrol synopsis on SKS....

http://www.moneycontrol.com/news/ipo-tip/whyexperts-broking-firms-bullishsks-microfinance_474224.html

and forward looking statements in angel research in this link:----

http://www.moneycontrol.com/news/ipo-issues-open/subscribe-to-sks-microfinance-ipo-angel-broking_473963.html

You will get good info and understanding of mfi sector and sks

I cannot get current GMP of SKS coz my contact is not available.....anybody plz tell what is gmp today latest rates..is it above 70 ?

I personally feel that Mr setu Jain & gem ipo founder have diff view on this IPO, but both of you are respectable boarder.
Hence peace!!
milinds

@Naresh Gaur...

Oops...sorry thank you for correcting me...i posted wrong link....people plz ignore my message on grey market premium..that is old rates have changed now....ANd EIL had no data...so there was blank.....it is not zero obviously it canno be zero.....!!

I made a mistake that doesnt mean my intentions to misguide....or i dont have any knowledge thats not fair....dont be so judgmental yaar....anyways....

It has got goood response from QIB it is 16 times+ and retail has monday which i expect 2-3 times....!!

Multiple is 7 not 17 as i typed....yes....

And about EPS in March 2010 reports are made up to last qaurter that is Jan or March 2009 full year..when EPS was 14....but March 2010...results will be realesed in April or May....thats true for all companies..rite and in March Narayn Murthy invested on valuations based as on March 09...understood.....they themselves would have not sold there shares cheap...to Narayanmurthy...why will they do that..?

No Really you can ask for data for that 68 lakh customers....i assure you they are not fake and there is no jugglery ....in that....they are genuine.....my freind works in Morgan Stanely Bombay as analyst...he has personally....audited and researched this co...since 2007 ...anyways..dont worry about scam there is no scam...

Yes 68 lakh customers will not be multiplied by 2 but 70%.growth in customer base......but amount of loans can be multiplied to each can multiply to 2 or 3 times.....because they provide loans starting from Rs 5000 to max 50000 at a time....

They ahve expanded their product portfolio also...Naresh...THese include:

1) Micro credit Loans
2) Micro Insuarance Loans...
3) Loans for buying mobiles..and mobile banking facility where they will earn fees for distribution from Bharti Vodafone etc...
4) Kirana Loans for rural based Kirana suppliers who are given working capital loans..at Zero interest..they earn commision of 2-3% as distribution charges from retailers like Metro Cash and Carry walmart Future group....etc

5) they have also started Micro Housing loans...of size 50000-100000 rupees to people in partnerships with HDFC....for enabling poor people to make pukka houses.

So u see they dont have to increase customer base 200 times but just 50-70% they can enhance sales 200 to 300% on bsed of these multiple products....

Also several companies are tying up with them becuase they have large distribution channel...and thus they will also earn fee income....that will be seperate revenue generator......alone in future...

See Naresh they cannot just grow at 200% growth just by providing micro loans...they have diversified and multifoldly increased product portfolio and sources of fee income....!!..Thats whats so innovative about them

There is a huge demand for stock @ 985, which means that there are many takers @ 985. That being the fact, retail investers are almost guaranteed a minimum return of 50 per share i.e. the discount portion available only to the Retail Investors. Hence, Retail investors have nothing lose and on the other hand there could reasonable gain on listing. It is therefore advisable to retail Investors to apply for the issue.

CAN ANYONE GUESS HOW MANY TIMES SKS MICROFINANCE WILL BE SUBSCRIBE IN RETAIL?
ANSWER PLZZZZZZZZZ
THANK UUUUUUUUUUUU.

txx..friend..
Appreciate ur help!!!

sunny u have to pay 985, it'll be adjusted later

When does a retail investor get discnt on the ipo ptice??
is it on application or a final discount is given on alotment.
For ex
for SKS
do i need 2 pay rs 935 for applictn
or do i pay 985 right now and when d final alotment is done, d compny wil automtcly adjust d discount and all???
plz help!!!!
txx

listing of sks around 1100/- midfield 160/- eil 300/

yeh ipo aap sab ko 440 volt ka jhataka dega.

pura IPO market ka sarvnaash kar dega

investors ke kapade bik jawenge

yeh IPO, investment ka chloromint hai ....

DOOBARA MAT LAGANA

Again for the knowledge broker setu jain
:
Although I do not work in grey but am aware that Engineers India is being traded in gray market for 5-6 rs....NOT ZERO.

so please DO NOT copy paste from http://www.smart investment.in/ (remove space)without looking at what data u r pasting.

being broker does not mean that person has good knowledge of share market....

COMMENT by SETU JAIN
419. Setu jain Jul 31, 2010 1:27:18 AM IST Report Spam
I dont apply in ipo....through fillling form..i apply through grey market.......I personally applied for 1000 shares at 45 premium and for my clients 25000 shares at 51 premium one day later...and tommorow you can apply half day bank open...and even on monday....just apply for 17 shares.to test me out...take my word....even if u get 8 shares...you will make 2000 on listing day or day after....I am a stock broker i always add new clients...i would have been unemployed...if i didnt give them profits....!! he he...

for Setu ji....
1. http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=SKSEQ&ir=I&cn=C&sd=D&cnlink=N
pls check this NSE INDIA link to see how much applications are bid today....

2.
earlier I said that u r agent of Kotak or the comapny. I am really sorry for that. BUt now your above comment gives me understanding that why r u still biased with upside and trying to bias other person also to buy/apply because u r urself trapped in this company.....

PS: I do not work in grey market......

@441...KK

agrees....

let me clear my points. I do not want to say that company is a fraud or Mr Narayan Murthy is greedy. But we all should understand that all companies wants maximum share price and all investors(be it Narayan Murthy) wants their money get doubled-trippled asap. And things are manipulated for that. Because shares are not a consumable, some one (we, the small investors) have to pay for their wishes.

Things are manipulated (even if not but are ubnder doubt). Someone claiming that EPS rose from 14 to 26 in just 3 months....God...how come that business model became got this success in these 3 months itself.

Narayan Murthy purchased that at 300 at 14 eps. now eps is 90% up. So share price should have been 6oo or say 700 on higher side...but it is 985. And who is getting this amount ...not the company, 55% shares are SALE by other investors. Or if you say that look at growth rate? So do we expect that 68 lakh customers will be multiplied by 2 every year.

68 lakh investors ...may be you can get this number from RBI under RTI act (I do not know but Setu Jain can get that info for us). Look, paperwork is always done for all things. Important is, do those person really exist as such or even if exist? Yes bank scam: all person did exist but they never knew that someone is making applications in their name.

in short may be all these prove JUST doubts, but prior experience in IPO is that.....you can not take that much of risk.....

SKS may be an expensive IPO and its promoters may be greedy, but they have succeeded in two things: 1. It has created so much hype and I have not seen so much discussion for the other IPOs, both for and against. 2. They have succeeded in a long way in seeing to it that there is good subscription, even while it is criticized as expensive.

@439 JAG u r right @437 is just blaberring. For the sake he has written. JAG u need to educate @437 what is ultra poor and poor. Very soon he wud open an VC and disburse amount for free.

@437 Your point 1 is not making any sense. What actually are you trying to say.....they dont give money for poor???? I am referring to microfinance institutions, whether in the form of Companies or NGO. THEY DO GIVE LOANS TO POOR BUT NOT TO ULTRA POOR. I've witnessed this on my own.