SKS Microfinance Ltd IPO Message Board (Page 65)

one can hope for good listing, one will get minimum 9% profit.,means hindustan media will list above...180/-....MARK MY WORD..

. gem ipo finder Jul 20, 2010 2:55:19 AM IST Report Spam!
good morning everyone




kya be tu sota hai ki nahi raat ko 2.55 am ko msg post kar raha hai




mujhe lagta hai ki tu pagla gaya hai

good morning everyone

what happened to svpcl.company issued share.bse objected.co alloted shares.shares till today not listed.refund of public money came after 1.50 years,till date after supreme court order no interest on principal amount is given.sebi is sleeping,finance ministry is sleeping.small investor do not ever apply for an ipo.this is just a exit for the pe players.who has formed the company suppose 10 rs.& chipkao in ipo allotment at 50rs i.e. 400 % .after that public gayi bhadme.wholesale me loot hai.look at some of the ipos pricing.



vishal retail 250 issue price listing at 750 rs.high of 1200 rs low at 12 rs.life me kabhi issue price bhi nahi aayega.1200 ko bhool jao.

dhanus technology 300 high price low price 15 rs fokat me paisa aata he to dalo.

svpcl poora ipo ka paisa company kha gayi.1.50 years majakiya.interest khaya abhi tak.ask c.b.bhave & P.chidambaram kya ho gaya.

120 crore people public.5% knows market.every bull phases 10 crore people halal hota hai.her 5 sal bad 10 crore.this is practical.only 5 % big people earns in the market.give me full years deatis or return of any investor 95 % people are loosing money.in 2008 most of the company 98% book value eroded.where that people are.post lehman everythigs collapsed.& remember r power loot 430 ki price aaj kya bhav he.2/3 bonus.kuch bhi kar lo life me kabhi yeh bhav nahi aayenge.look at realty prices shares dlf issued at 525 trading high of 1200 rs.low 115 rs currently 320 rs.

unitech high 525 rs .low 21 rs 96% eroded company was going to be vanished.
do your own business againg sensex will reach 21000 you want get this prices till 30000 sensex if then what is the return.fii india me seva karne aayi hai kya.cnbc,bloomberg dekh ke deemag kharab mat karo.unko news advance me mil jati he.public sab se last me aati he, trap me aane ke liye.

hello dosto,

phir aa rahi hai IPO ki bahar,
kaise sahoge inke prahar,
lutne ke liye ho jao taiyar,
sabko meri shubhkamnaye aur namaskar.

GMP OF SKS AT RS 30-40

SREEDHAR,
FY 09 NP = 80 CRORES
FY 10 NP = 174 CRORES ( AS PER UR SOURCES)
THEN EVEN IF THE CO GROWS AT 70% IN FY 11 THE NP SHOLD BE AROUND 300 CRORES AT AN EQUITY BASE OF 7.19 CRORES SHARES EPS COMES TO AROUND RS.40.

IF THE SHARES ARE OFFERED AT 650 IT COULD GO TO 800 AT 20 PE CURRENT YR EARNINGS. ALTHOUGH THATS NOT CHEAP.

FOR FY 12 EPS COULD BE 60 AT 50% GROWTH. BUT THATS FAR FORWORD LOOKING THE CO NEEDS SERIOUS MONEY TO SURVIVE THIS PACE TILL FY '12 AND MAY DILUTE AR MARGIN MAY COME UNDER PRESSURE.

Hi gem ipo finder,

how are you?
Have you any more details on Barak Valley Cements. I am eagerly waiting for your opinion. Any other stocks you recommned. thanks very much

Gem,
Now that I have given the revenue & profit figures for full year 2010,Pl. give your take on SKS considering those figures.As regards EIL I am hoping & estimating the price for retail at 305.At 305 it has got a trailing PE of 22.5 which is not at all expensive for a company which has grown 47.5% CAGR for the past 3 years.It has got 6300 Cr order book which is 3 times FY10 order book.It does not have comparable peers & still enjoys a niche presence in Hydrocarbon sector.I had posted interview of EIL CMD few days back.In that the CMD has clearly enumerated the strengths of EIL. NMDC is still at 262 while it does not deserve to be at 200 also.So there is that cushion for PSU stocks.They do not fall like other private companies.Regarding SJVNL next project will be completed only after 3 years,so where is the growth in it.That was the reason I sold all my IPO shares at 25.5 to 26. 21st is the date of 1st quarter results of EIL.Lets see how it goes.If the growth continues I do not think there is any reason for not to apply for EIL.

Dear Natarajan,
Gem has given valid points which perfectly reflect the existing credit conditions in our country.Only one more point to add to that.In villages Moneylenders charge interest as high as 10 percent per month.That was the reason SKS Microfinance has become such a rage in my village.The interest which it is charging is like an Oasis in the desert for the poor people in the villages.See the profit has jumped from 55 Cr to 174 Cr from first half 2010 to full year 2010.That means there was a jump of 120 Cr profit from Sep 09 to March 10.Sources are saying the valuations at which they sold their stake during Dec 2009 are comparable to the present valuations .

Hey experts, what is up with NTPC FPO? why is it sooo boring? It has good fundamentals and is part of nifty and on long term buy lsit of brokers like kotak securities. But is it so stagnant. Hardly moves up or down. What is your opinion? H/B/S?

part-II

This was reflected even in the recent offers from some public-sector firms, which have traditionally enjoyed a sound and safe investment image among public investors.

Sources said the government has also been asking SEBI to revive public investors' interest in primary market.

(source ET)

As part of efforts to attract more retail investors to the stock market, regulator SEBI is considering making applications forms simpler andGainers and losers
Top mid-cap funds on 3 year basis
SEBI panel wants open offer trigger set at 25%
shorter for public offers, including IPOs.

Concerned over the lukewarm and ever-falling retail response to the primary market, SEBI is mulling over ways to win over small investors in this segment and one of the steps under consideration is a simpler investment process.

According to sources, the application forms currently being used for bidding in initial and follow-on public offers are unnecessarily long and ask the investors to fill in some details that can be done away with.

Besides, these forms run into 15-20 pages in most cases, although there are only 2-3 pages where particulars need to be filled in by the investors and the rest of the pages contain instructions, information about the company and the issue and details about bankers, registrars and bidding centres.

The various proposals currently being discussed by SEBI's Primary Market Advisory Committee include removing from these forms the details already available in the investors' demat and bank accounts. These include the name of the investor's father or husband (depending on whether the investor is male or female), addresses, fax number and other contact details.

The move could cut down the columns needed to be filled by almost half, sources said.

Besides regulation and development of the primary market, this committee also advises SEBI on changes required to make the systems and procedures simpler and transparent.

To make the forms shorter and simpler, the committee is also considering dividing them into two parts -- one comprising the particulars needed to be filled in and the other with the details of the issue.

Sources said that a proposal is also underway to make it mandatory in all public offers to give the investors the option to bid online, possibly through the stock exchanges themselves, where the forms could be much simpler and shorter.

SEBI has already asked the bourses to make a simpler form available online for IPO bidding through the ASBA (Applications Supported by Blocked Amount) process. Under ASBA, bid money remains in the investor's bank account during the bidding process and get released after share allotment.

However, not all investors are required to bid through ASBA. Besides, this facility is not available for all issues and with all banks. Some changes can be expected on this front also, as SEBI is looking to expand the ASBA service further.

The primary market used to be retail investors' favourite investment avenue and an entry point for many of them till a few years ago, but their interest has been dwindling of late.

Dear friends,
Please correct me if I am wrong. When banks are lending at the rate of anywhere around 8 to 10%, any microfinance institution cannot lend for an interest rate more than that. If you take the interest rate as 10%, considering the expenses involved it cannot grow more than 6 to 8%, that too if all the money is in circulation and the repayment is prompt. Then how can it jump, in a matter of months, from valuation of 300 to about 700? There are unanswered questions in that.

Big thank you to caterman critic & shreedhar,
I am really thankful to both you for making us aware of "other side" of this IPO
milinds

Dear Catamaran critic,
Well said.Appreciate your point.It is simple share market trading,otherwise what is the point in investing in a company which was already well known & earning multiple crores as profit.

gem & Friends,
Thanks.It seems I got 2 emotional , It is 559 Million I.e 56 Cr . Found out the net income & profit from my sources.It is 958 Cr & 174 Cr respectively for Year ending March 2010.So post issue EPS considering post issue size of 7.19 Cr IS 24.2.Issue price will be greater than 600.So EPS will be 24.8 which is not bad for a company growing at more than 100%.Remember that it is getting Major share of IPO money & it is free of cost as we have calculated EPS & PE on post issue basis.Obviously its margins will increase or at the least will be sustained. Hence profit growth may sustain in near future.It will get tremendous response & listing will also be great & growth would also be good but I am avoiding it purely as a matter of principle.Those who want to go for it can go hard it.It will be a blockbuster IPO. No doubt about it.I would go for EIL .Gem,on page 218 of draft prospectus the details of placement to Catamaran at 300 is given.

Hello Friends,

We have all been reading about our venerable Mr Narayana Murthy's Catamaran investing in SKS at Rs 300/-.
Within months of their investment it is being offered to the public through at around Rs 600/!
Is there any logic in this??
Did SKS do this only to get publicity out of Mr Nararyana Murthy's name and fame?
What was the risk undertaken by Catamaran in investing the amount and have the good fortune of doubling or more in a matter of months?
It was well known even at the time of Catamaran's investment that the company would be coming out with an IPO.
It is only benefiting the private venture of Mrs Sudha Murthy and Mr Narayana Murthy in this deal
Aren't the common investors taken for a ride??

With the Rs 750 or more crores that the Murthy's sold Infosys shares and put up Catamaran, they should have put their money into really deserving start ups.Lent their expertise to guide those companies and have the satisfaction of seeded many deserving stories.
But they are no different in making money in the stock market.

They take the easy route of putting money (or is it lending their name) in SKS to double their investment.Even when Infosys got listed, it took longer to double from its issue price.What happened after that is a different story and hats off to Mr Narayana Muthy and Infosys.
But this SKS affair is not looking fair.

Is it fair to all?Particularly to the small investors??

You be the judge.

Hello guys, the theme of the issue looks great. But the valuation at which it will come does not seem to make investment worthwhile.
i came across this paper written by a proffessor in IIM Ahmedabad.
http://www.spandanaindia.com/PDFs/IIM-article%20commercialization.pdf.pdf
Look through the pages 21 to 27. one weird observation is that management and promoter have been on selling spree of all the shares they own.

mr sreedhar has some confusion between cr and million and thats why figures are not correct