Guys,the price band seems to be way over the fundamentals. There might be huge subscription,but even if it lists at a high price ...i am not going to apply for this ipo. This looks like an ipo of dlf,Reliance power etc to me.
Dear Natarajan, Yesterday I told u y I will not apply for SKS,hope you understood now.I am now implementing strategy 3 I.e BUY AT 297 & will sell above 330.There is still one final strategy left in EIL which I well inform you in due course.By the way were you stopped out in Technofab?
SKS is the next Google in making. Coincidently the same PE investors (Sequoia Capital)who invested in Google in its early days, have invested in SKS also. They have seen the potential and opportunity. Also, one must not forget EDUCOMP SOLUTIONS which was listed at Rs. 195 in 2006 and within 4 years it has made many people millionaire. Guys..just go for it
I was planning to apply for SKS IPO but definitely not at this price. Few months back, they sold stake to a VC fund at 636/sh and even at lower band at 850 it's a 33% profit for VC fund. Let VC make money but not on my cost. I am happy applying for EIL now.
Narayanamurthy got the shares of SKS for Rs.300 a few months back and its value is nearly 1000 Rs. In a matter of months he has more than tripled his money! Money seems to flow only upwards, not downwards like water.
Private investors got this share at much lesser price the maximum being 636 and so if any of these players sell at ipo listing date to get massive gains , only retailers will cry .
is finance co. kay ipo ko apply karnay say acha hi ,reliance,sbi ko buy karo, tripel A rating ki finance co.s Loyds finance, 20 th centure finance aj 75 paisay may bik rahi hi finance co. kay pass koi asets nahi hotay hi rent pay room laykar public ko thagti hi phir 9 and 2 ,11 ho jati hi, baychari murkh janta.
SKS PAT has grown @500% from 2008-2009. Even if we expect a rise of 400% in 2009-2010 the shares price woul definitely be crossing 1500 by March 2010. It would be an interesting investment.
I Sold Infosys @ 2800/- & Bought SKS @ 300 / - Now the SKS came out @ 985/- Wow ... It means my Infosys money triple in just 3-4 months // Yes .... I am a cleaver investor .
MORAL OF STORY : Sell Infosys & Bought Shares in Pre-IPO Allotment ...
great expectations has now turned out to be a great disappointment. i think everybdoy agrees ofthe promoters getting greedy by pricing so high. the pricing itself must have discouraged many to drop this issue.
a company which has a net profit of Rs. 80 crores last year is asking for a market cap of Rs.7600 crores. Even if we consider that the net profit will rise because of fresh equity infusion, then also 985 looks highly overpriced.
gem, My stand gets Vindicated post SKS Microfinance price band.I had clearly mentioned how the promoter is ambitious,greedy & how Mr Narayana murthy has also joined share market bandawagon by buying shares in already performing company instead of going for start up companies.The promoters have exceeded even my wildest predictions & have given such a price band.My major disappointment is however all would be SKS microfinance IPO investors will be shifting to EIL thereby increasing the subscription rate.Anyhow I have bought at 297 & will make profit from it.Welcome to all EIL investors.