40. Heathslayer| Link| Bookmark|
December 19, 2023 12:48:10 PM
Top Contributor (300+ Posts, 100+ Likes)
Oberoi and other realty stocks trading at 26 PE and ye 35 maang raha hai listing pe. market highs ka too much fayda uthaane ki koshish. GMP looks cooked up.
PE of listed peers varies in a big range. For example, PE of Sobha Realty is 90 and that of Brigade Enterprises is 68. Therefore, PE of 35 demanded in this IPO is not really pointing towards expensive valuations. Looking at GMP, it is good candidate atleast for listing gains in current scenario. Take call as per your own study. All the Best !
With all due respect, PE is an absolutely unhelpful metric when analyzing valuation of RE companies. Valuation of RE is far more complex and based on NAV depending on project pipeline, land bank, rental assets, etc other than basics of balance sheet health. I will be skipping this one.
Keep minting!
40.3. Heathslayer| Link| Bookmark|
December 20, 2023 7:40:47 AM
Top Contributor (300+ Posts, 100+ Likes)
@NeoLongus Some are saying don't look at PEs of finance companies on Muthoot finance board and you're saying don't look at PEs of real estate toh kiska PE dekhen? Truth is cheap valuation hote toh gmp achchi hoti aur listing bhi.
@Aaashish bhai, didn't get time to study. But prima facie, valuations seem to be on the higher side. So, value pick it certainly is not at present. I would prefer the safety of an Oberoi or even Keystone. However, yet to go deeper into it.
37.1. Aaashish| Link| Bookmark|
December 20, 2023 1:00:17 PM
Top Contributor (200+ Posts, 100+ Likes)
@Aaashish ji - No scientific measure but based more on anecdotal and experiential learning. Typically, look for names of top 4/5 Indian MF's and top 4/5 Indian insurance companies in Anchor. Other than that look for names of some mid sized but well performing MF's like Mirae, Nippon etc. An Anchor full of new MF's like White Oak etc doesn't usually excite me. Also, an Anchor Book which is more Insurance heavy and less MF heavy doesn't excite me since Insurance money is usually longer term than MF money. Additionally, take note of the FI's which have participated in some of the past IPO's which you think have done well and if you see there name repeating then that is also a good sign. Lastly, more the number of differentiated entities (irrespective of multiple funds/schemes of the same entity) the better it is and an Anchor with too few names is again usually unexciting - keep issue size in mind for this aspect since most investors prefer chunky allocation and hence usually come in bigger issues and smaller issues are of lesser interest. Numerous other aspects like the above and the more Anchor lists you study, the more enriched your perspective shall be. Hope this helps!
Keep minting!
28.5. Seth.| Link| Bookmark|
December 19, 2023 11:50:47 PM
IPO Guru (1200+ Posts, 600+ Likes)
@NeoLongus Thanks looking for this explanation 🙏☺️
28.6. Aaashish| Link| Bookmark|
December 20, 2023 12:57:10 PM
Top Contributor (200+ Posts, 100+ Likes)
Thanks Neo ji
Excellent explaination
If possible, can you go into detail why you are not applying for suraj even though consensus is that it will list at 10-20% premium
I understand you r logic behind land bank, brand recall etc as they will help us to predict future cash flows
Sorry for the late revert but principally since I endeavor to be a mid to long term investor so I dislike coming in cyclical businesses when the industry is at the peak of the cycle. Peak of any cycle is the start of the bottom. And as such, I like to stick with players who have enough size and experience to ride the down wave. Both these businesses are launching IPO's when their respective industries are at perhaps the cyclical best.
For Suraj, I think HFC's are a better way of playing the housing theme and REIT's for playing the RE rental theme and as such stay away from such small players.
For Muthoot, I think there are far better and larger sized NBFC's with far greater experience in all sorts of lending buckets. For this industry, I'd prefer paying a high valuation for a known and experience player rather than a lower valuation for a player with a relatively concentrated book.
Additionally, a lot of pros and cons have already been shared about both these companies on the forum.
I would say, case of bad timing. Had this issue come in the 3 week gap between Tata Tech etc and DOMS etc, then it would also have been lapped up like hotcakes! As there was no competition for funds. Now when most of us are juggling dates and funds, this will go down as one of the lesser preferred ones despite the decent anchor book.
27.3. Aaashish| Link| Bookmark|
December 18, 2023 11:15:51 PM
Top Contributor (200+ Posts, 100+ Likes)
Valueseeker ji
As your name suggests, you seek value and i believe this is the value buy and you will lap it up
I think it's a blessing in disguise for value seekers like us
I am thinking of putting BHNI in this or happy forgings
Haven't decided yet
Will definitely apply retail in this
26. Saney| Link| Bookmark|
December 14, 2023 10:45:30 PM
Top Contributor (400+ Posts, 100+ Likes)
There are plenty other good IPOs to invest money in. Skipping this one…
25. B.M.SURANA| Link| Bookmark|
December 14, 2023 8:38:56 PM
IPO Guru (2700+ Posts, 5300+ Likes)
GMP ₹63/= ₹67/= Low Volume
DOMS के मुनाफे से Suraj Estate में Muthoot Microfin से Loan लेकर घर🏡 और Home Shelter से दुकान खरिदुंगा और Inox के मुनाफे से घर का पुरा फर्नीचर TV, Dining table, और सब चिजें SJ logistics से घर पर लेकर आऊंगा। और Motisons के मुनाफे से RBZ Jewellers के 🪙 सोने, 💠💍💎🔷🔸हीरों के गहने खरीदूंगा। उसके बाद Mufti के 👢👖🤵♂️कपड़े। "BabuBhai"की तो जिंदगी बन गयी DOMS में! 😅😂😂 प्रोटीन की कमी हो गयी तो Mukka का Protein... 😁😆
25.3. B.M.SURANA| Link| Bookmark|
December 16, 2023 11:51:06 AM
IPO Guru (2700+ Posts, 5300+ Likes)
💰DOMS: ₹790/= GMP ₹520/= ₹525/= -🇮🇳India 🏚️Shelter: Price ₹493, GMP ₹140/= ₹143/= Inox 🇮🇳India: Price ₹660/= GMP ₹530/= ₹535/= 🔷-Motisons: Price ₹55/=, GMP ₹103/= ₹105/= 💰-Muthoot Micro: Price ₹291, GMP ₹90/= ₹92/= 🤣-Happy Forging: Price ₹850, GMP ₹450/= ₹455/= 🌤️-Suraj Estate: Price ₹360, GMP ₹52/= Credo: Price ₹280, GMP ₹130/= 🦜-Azad Engineering: Price ₹524, GMP ₹400/= 💎-RBZ Jewellers: Price ₹100, GMP ??? -Innova Captab: Price ₹448, GMP yet to started [ GMPs are taken from various brokers & Grey market traders from Jodhpur Beawar Chennai ] We does not execute Grey Market Trades
25.4. B.M.SURANA| Link| Bookmark|
December 17, 2023 11:56:12 AM
IPO Guru (2700+ Posts, 5300+ Likes)
DOMS Industries : ₹525/= -₹530/= (65%) 🇮🇳India Shelter Finance : ₹145- ₹155 (31%) INOX CVA 🏭: ₹540-₹550 (79%) 💎Motisons Jewellers 🥇: ₹105/= -₹110/= 💰Muthoot Microfin 🏦: ₹80-₹85 (26%) 🌤️Suraj Estate🏢 : ₹55-₹60/= (14%) [ Heard from Various GM Brokers and Dealers from Jaipur Jodhpur Beawar Kolkata ] [ एक एक शहर सिटी राज्य में रेट का फर्क हो सकता है कोई बहसबाजी नहीं ] No argument
25.5. B.M.SURANA| Link| Bookmark|
December 19, 2023 10:14:02 PM
IPO Guru (2700+ Posts, 5300+ Likes)
Main apka monthly dawa daaru ka intezam b kr duga. 5% monthly dunga by sub letting cloud storage.
25.10. B.M.SURANA| Link| Bookmark|
December 22, 2023 7:56:32 AM
IPO Guru (2700+ Posts, 5300+ Likes)
@G.K. Goyal Ji Ji Mujhe na Dawa ki Jaroorat hai Na Daaru ki. Aapke pass Jyada Paise hai Isliye 5% Monthly Income ka Kisi Anath ya Garib ko Sarkari hospital mein Dawa dawa dila dijiye! Aur Baat "Dararu" KI toh aapke Parivaar mein Chalti Hogi. [ 5℅ Dawa Monthly Pakki na? Garibon ke liye Agrasen Maharaj ki kasam Aap bahut bade Daanveer hain ] @Admin @ Chittorgarh.com
You are taking it wrongly Surana ji. Dawa daaru is an idiom. Which means necessary medications for treatment of any disease. Here daaru doesn't depict alcohol. Aur rhi baat donation ki toh hamari khud ki pharmaceutical company hai aur humse Jo b bnta hai hum yhan PGI Chandigarh mei donate kr dete hain. Acha lgta hai. Aap bhi krke dekhna you will find some peace.
25.12. B.M.SURANA| Link| Bookmark|
December 22, 2023 8:51:32 AM
IPO Guru (2700+ Posts, 5300+ Likes)
GMP
25.13. B.M.SURANA| Link| Bookmark|
December 22, 2023 8:55:31 AM
IPO Guru (2700+ Posts, 5300+ Likes)
@G.K. Goyal आप करते हैं अच्छी बात है। और बात रही हमारे करने की तो हमारे बुजुर्गों नें कहा था करो लेकिन दिखावा नहीं।
25.14. B.M.SURANA| Link| Bookmark|
December 23, 2023 8:05:43 PM
IPO Guru (2700+ Posts, 5300+ Likes)
25.15. B.M.SURANA| Link| Bookmark|
December 25, 2023 10:10:17 PM
IPO Guru (2700+ Posts, 5300+ Likes)
✍🏾Inox की बेहद खराब Listing के बाद सभी GM बाज़ार खामोश😶 हैं, 3 दिन की छुट्टी ने बस घावों पर नमक छिड़क दिया, किसी भी बड़ी खरीदारी का अभाव, अब हर कोई विक्रेता है, कोई निर्णायक खरीदार नहीं आ रहा है, मंगलवार को 3 कंपनियों की Listing है कम से कम 1⃣ फ्लॉप शो होना चाहिए! 😂Happy- ₹290 विक्रेता Seller 💎Motisons ₹75/= विक्रेता Seller 🌤️Suraj ₹13/= विक्रेता Seller 💰Muthoot ₹26/= विक्रेता। Seller 🦜Azad Eng ₹305/= विक्रेता! Seller
25.16. B.M.SURANA| Link| Bookmark|
December 26, 2023 9:50:04 AM
IPO Guru (2700+ Posts, 5300+ Likes)
Suraj Ast 🔴 Moti ki Chamak Fiki Muthoot hil raha hai