SKS Microfinance Ltd IPO Message Board (Page 46)

Setu Jain

Any idea abt grey mkt premium for SKS & Bajaj Corp ?

In delhi there are no sellers in Bajaj Corp

HDFC has PE of 31 and 4.5X Book value....it is not enjoying PE. of SKS coz it will not grow at 100% CAGR for next five years...and it has market cap of 97796 crores. SKS is a mid cap which can grow to be a large cap in future given that MFI sector is poised to grow 10 fold in next 5 years as per studies...done by CRISIL and other agencies....so why not premium......and it will also enjoy scarcity premium...coz it is largest and only listed player...in MFI...

You know what..the problem with yourself...or may i say angst of you and other boarders or retail investors...is about this price of Rs. 985.....now if a business that has the potential double revenues...every year for at least next 5 years....do you think its price...will be only..985 next 5 years.....?

Educomp...was at 100 PE for 3 years,..coz it was growing at CAGR of 100% and went from IPO price of 190 to 6000..why because of high growth education sector that was unique concept then...and so is MFI now....but educomp was recognised as Educomp only after it went to Rs. 6000..few people applied in IPO....and same will be the case for SKS

So think long term....and plzz...it is not fraud company...it has lots of goodwill and reputation....and no miscrepencies in accounting...as SATYAM..

okkkkk lets call off for the day

Dear Naresh Gaur.....!!

First of all i would like to apologize for calling you and ass...coz i didnt like it when you called me broker of SKS or Kotak without knowing...me....

If you have not seen those 68 lakh members...go and get information from RBI...or SEBI....under R.T.I. or go and visit...their branches in villages..just becuase you have not seen....it..dosent mean they dont exist....Why dont you do your research first.....There is no fraud or Satyam here....geezzz...this is heights of your imagination...but it was creative i must say..

And regarding Rpower being having proven track record......oh plzz...What proven track record you are talking about....it is below half its issue price...what track record it proved....and you yourself are contradicting yourself by saying that coz you yourself said...and i quote....

""SKS is trying to create a hype to get response but even after all its efforts it could not get better qib response than eil.

even this much of qib response is because influence and tactics of kotak. like rpower was subscribed more than 70-80 times or even higher in qib""

Well i am a loser or winner that you will come to know after IPO listing....neither i am saying you will be a loser by not applying.....!!

And about you calling me smart loser and yourself sitting on dumb cash....no body is dumb or smart.....market...is the plain leveler of everything...

Its ok for you to argue about high pricing...and risk factors for your argument..aginst SKS...but do not give....baseless arguments...to deter other people..not to subscribe...

Anyways...too much bad blood for one....day....i would like to call it truce...

as per SETU JAIN
in march eps was 14 share issued was at 300
now eps (diluted is 26) share price ----? all the analysts were expecting 600-700 type of price band

but the share price has been fixed as 985/- (upper band).

by the way if HIDE & SEEK is premium brand and PARLE G is regular brand . if one has to compare between HDFC and SKS, any one can tell which is PARLE G & which is HIDE & SEEK.


also HIDE & SEEK is a premium brand but it also should have a reasonable price. if you price it at RS. 100/ per pack of 50 grams and give a discount of rs.5 on it , is it worth it?

Ms. Setu Jain ( oops.. sorry... mr. SETU JAIN)

there is big differrence between PARLE G and HIDE & SEEK.
H&S is for class and Parle G is for mass...thats why parle g is cheaper. As written by one of the boarder below, this comany is having 68 lakh members (although me too have also never seen any one out of that 68 lakg people), that also with so small loan size, this is just a mass company.

So this is not a Class HSBC or HDFC with proven track. And Narayan Murty.....a couple of yearas back I had a big faith in Ramalinga Raju...but we all knows what happenned....Also Narayan ji took shares few months back so it means that PE of company chnaged completely in few months...that too means that 68 lack customer are fake.

Rpower atleast have the big RELIANCE name..proven track record of execution capability.

btw giving your address etc on this public forum completely means that you are a person with brand new MIND (coz u hv never use it).....So subscribe to this and feel the pleasure of pain in ur ass...


moral of the story : A dumb with cash in hand is better than a SMART loser like u.....

What a business model.....give loan of Rs.2000-12000 to POOR VILLAGE WOMEN. What a pricing ....monsoon offer....Price of share less than Rs 1000...goddddd, I would like to own 5 shares.....just give me loan for that.....I'll pay back the loan only if share price remains atleast at cost :-)

Dear Naresh Gaur.....!!

First of all i am a man and not a woman....setu is a unisex name..i dont blame you for that...its ok....!!

However..You are a day trader or novice for sure....coz i have never seen a bigger ass than you in D-street..!!

Engineers India IPO issue size is 990 crores

SKS IPO issue size is 1500 crore....and it has still 2 days to go on retail.....so what kind of comparison you are making....?

To clarify your misconception i am a sub broker....located in Kolkata....my address is Sagar Estate 2, clive ghat street. I am not an agent of SKS or Kotak. I am not a person who makes personal attacks on a public blog....so be a bit more graceful....

Parle G biscuit is Rs 4 biscuit...coz its Parle G...Hide and Seek biscuit is Rs. 13 coz its choclate chip cookie...so...SKS is no Parle g...if u want to buy parle g...then go buy ispat industries...or cals refinery....or any other sub standard stock....You cannot buy SKS at Parle G Price...!!

When they price at 300 and gave it narayan murthy in March...EPS was 14 so PE was 22..and no one would have brought a unlisted co. at 22 pe if there was no growth now that EPS has more than doubled to 32 (diluted 26) so it is commanding 900...so whats wrong with that....!!

Rpower had no capacity....no running plants.....no...operating capacity..it was asking price....it was bound to fail....it created public hype....and people trusted reliance brand on emotions.....But SKS is established..has proven performance....and operating capacity to scale up...

Kotak is an underwriter who earns business from commision...fro underwriting..it is not SEBI that it will say...ohhh.....you are overpriced so i will not underwrite.....your company...and remain unemployed for the next full year....?....you have to analyse if co. is worth investing or not.....?...Kotak also underwrited....DLF it went from 500 to 900..so was Kotak very good then...then DLF went to 150 from 900...then Kotak..was bad.....i mean how can Mearchant Banker be blamed...for that....?...

I think on this blog you are the dumbest person i have met so far.....Anyways..dont subscribe to this IPO..I will enjoy...Rs 300 profit per share...as it will list around 1250..

You can buy SE Investment that is 61 cmp....and is into microfinance...i had bought 10000 shares at Rs. 30 when nobody new about microfinance 1 year ago..still it will go to 80...Just to prove my point about micro finance sector...and make you realise that...!!

Guys,
this company claims to have 68 lac members (borrowers). this means every 1 family out of 25 families have a members of this company (assuming average family size of 6).

i dont know any body who have ever been a member of this company. I tried to check the same with my relatives, friens, coligues but none of these know any body who is member of this company.

I think there is something seriously wrong with the data. the is company intentionally doing this because :-

1. to manage NPA levels.
2. to show higher profits (like R.Raju of SATYAM)
3. to get better valuation in stock markets
4. some of these borrowers may be fake and after few years the company will show hugh bad debts and investors' money will be lost.

this is a fraud finanace company beware of it.

R R

Gem,sreedhar,ravi...
Need ur opinion, what to do in sks ? I am so confused...qib subscription looks good .but p/e is so high !!!
I feel 50 rupees discount is a trap !!! What do you say?
Should I put one full application?

If the issue subscribe 5-6 times in Retail ... It will be " SHRAVAN BONANZA " For Bhakt's of " BHOLE BABA " .................. BOL BUM

405 ipo finder

we all should start this good practice to ignore such kind of "loot" by the ipos. however big name, attractive sector, or grey market price, we should stick to basics and avoid all aggresively prices ipos.

other wise we know what happened in ASTER, its seller pack now. few days before there was grey market premium but now next 5 days it will remain on lower cercuit.

never get trapped by operators .

cleaar avois at 985.

its a good company good eps good growth good future good dividend and good issue price (for company and merchant bankers).

dear investors after pricing ipo at 985, we have given u handsome discount of rs. 50. now why u are not appling. only 16 paise subscription in retail.

we request u to all to please apply in this ipo to generate good returns. share will cross rs. 5000 in near future. dont worry at all . at rs. 935 its a very cheap share. we gave shares to narayanmuthy at 300 see now its 985. we give you at 985 it will be soon 5000.

u all will be very rich.

apna sub kuch is company me laga do.

apne paise kuch bhi apne paas mat rakhe, hamein de de.

SKS Microfinance :

QIB portion closed today oversbscribed 20.38X
HNI & Retail portion closing on Monday 2nd August

with this kind of euphoria ..... ought to list @1100+ .. possibly can even go upto 1250/-

Yarr, Its Scary !!!

@402 Naresh Gaur

Completely agreed, This is just an avoid kind of IPO

see the negatives

1. Price band was expected 650-700 by each and every analyst but the price band is very very high from the expectation
2. After such a media and grey market hype issue got subscribed less than EIL in QIB portion
3.All the pre IPO allotment share price are far less than the current issue price.
4. almost 50 % of brokerage houses and analyst has recommended to avoid this issue.
5. Demanding a very high P/E on just the proven track record of 1-2 years. It is demanding the valuation like HDFC which has proven track record of 20 years.
6. Size is so large(1600 crore)


We have another IPO opened for subscription(Bajaj), which is much better and small size IPO
better to avoid SKS and apply in Bajaj Corp.

After this IPO, investors will sing my song:

AISA GHATA LAGA HAI JO NA AB BHAREGA
HAR INDIAN IPO SE AB YEH DIL DAREGA
HUM TO LOSS DE KE UN HI MAR MITE THE
KAUN ITNA PREMIUM TUMKO BHAREGA

i think this setu jain is agent of SKS or KOTAK. she is tring to convince us that sks is an excellent issue. look at the response from QIB, despite all grey market operations, and media hype it managed to get lesser response than that of EIL (in term of no. of times).

good issue is one which comes at a reasonable price. we can compare this like this:-

PRODUCT price rating

PARLE G BISCUIT RS. 4 PER PKT GOOD
PARLE G BISCUIT RS. 6 PER PKT BAD
PARLE G BISCUIT RS. 2 PER PKT EXCELLENT
PARLE G BISCUIT RS. 9 PER PKT AVOID


SIMILARLY SKS HAS PACKED ITS SHARES WORTH RS. 300 AT A PRICE OF RS. 935 WHICH IS NOT GOOD PRICING.

EIL was certainly a good IPO b'cause it got subscription irrespective of no effective grey market premium.

SKS is trying to create a hype to get response but even after all its efforts it could not get better qib response than eil.

even this much of qib response is because influence and tactics of kotak. like rpower was subscribed more than 70-80 times or even higher in qib.

after listing no single qib will buy a share of this company resulting in a hugh loss to public at large.

in my opinion its a clear avoid.

SKS = SUB KUCH SAAAAAAAAAF

QIB ALLOTMENT AT 300 PER SHARE
IPO PRICE AT 985 DISCOUNT 50 RS.

NAA BABA NAA, YEH TO SUB KUCH SAAAAAAAAAAAAF KAR DEGA

CHATUR RAMALINGA 3 IDIOTS WALA, SAHI KAHTA THA KANHIN INVESTORS KE SAATH 300-400 RS. DISCOUNT KA CHAMTKAAAAAAR NA HO JAYE.

HUMAIN TO CHAMTKAAAR SE BAHUT DARRRRR LAGATA HAI

Is there a retail discount for SKS MICRO IPO?

397. V c

Don't do too much analysis. Forget Kolar, A.P. Just go for it. I am also putting two applications. Do simple analysis- whether to apply or stay-away?

What will happen after all? I will keep in mind issue price itself as stop-loss. We have Rs.50 cushion. Most likely we may not lose.