| 2244. Fools brooker |
Member since: 7/23/2010 |
Posted on: Jul 29, 2010 1:42:07 PM IST |
ASTER SLICATE IN UPPER CICUIT
SEE HOW RAVI BANGALORE HAS FAILED GIVING WRONG MESSAGE NOT TOAPPLY IN IPO OF ASTER SILICATE
MY MESSAGES ARE DELETED BY THIS SITE
MEANS WHAT |
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| 2243. Rakesh jhunjhun |
Member since: 6/12/2010 |
Posted on: Jul 29, 2010 8:26:12 AM IST |
To,
Mr.2244. Arun alkod
There is organized grey mkt.of ipo in kalupur,A'bd
you can sell 'n' purchase
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| 2242. Ali bhoy sakarbazar wala |
Member since: 8/15/2009 | Check 'Ali bhoy sakarbazar wala' profile |
Posted on: Jul 27, 2010 1:46:57 PM IST |
To,
2241. Vinod chaturvedi
Dear ,
Fallow on Public Offer are always risky,I never go for any FPO.
SKS is highly overprised ,
Better to for listed peers, like India Bulls , Motilal Oswal , Religare etc.
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| 2241. Vinod chaturvedi |
Member since: 4/11/2007 |
Posted on: Jul 27, 2010 1:17:00 PM IST |
Dear Mr Alibhai Sakar bazarwala & Mr IPORAJA
Where are you? kindly give your comments for current two issues i.e. EIL and Microfinance. |
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| 2240. Setu jain |
Member since: 7/21/2010 |
Posted on: Jul 27, 2010 12:30:07 AM IST |
Gmp 54-56 Expected listing price 1250 assuming Fy11 eps of60 and 100 FY12 and PE of 20 fy11 and 10 fy12...as growth rate is 200% CAGR in EPS last 5 years. |
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| 2239. Ajay garg, hisar |
Member since: 7/26/2010 |
Posted on: Jul 26, 2010 11:04:47 PM IST |
Can anyone tell me the rate of GMP of application of sks microfinance, and what is expected listing price of sks micro finance. |
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| 2238. Setu jain |
Member since: 7/21/2010 |
Posted on: Jul 26, 2010 7:24:12 PM IST |
Why are people so negative about SKS ?
Agreed that at price band of 850-985 it is priced at 30-35 P.E. on diluted EPS of 28. But PE is of last 12 months trailing as of March 2010. See its performance it has grown @ 200% C.A.G.R. for the period of 2007-2010. So why will not some one ask for such high PE. for its IPO. See educomp it came at Rs. 200 and went to 6000. First 3 years grew at 200% and then 100% CAGR till 2009. It had 100 P.E. in 2008 in that high growth phase of 5 years.
Now look at the scope of Microfinance Sector itself. According to NABARD, the current micro credit by micro financial institutions is at Rs20,000 crore whereas the total micro credit demand is estimated at Rs2.4 lakh crore, creating a huge gap and scope for exponential growth in micro credit. Majority of this demand is met through local money lenders charging very high interest rate up to 60 percent pa thus encouraging MFIs to further penetrate through low cost loan offerings.
Till date, a large number of poor people remain outside the formal banking system. The rural penetration in banks is less than 18% and the existing banking policies are far from meeting their needs. About 75 million households live below the poverty line and the annual credit demand by the poor exceeds Rs 70,000 crores, out of which the cumulative disbursements is about Rs. 8000 crores. Only 5 % of rural poor have access to microfinance and the share of Microfinance in total credit of Indian Banking system is less than 1%. The Indian micro finance industry (MFI) would cross 11 crore borrowers and Rs 135,000 crore ($30 billion) in loan portfolio by 2014. So you can see the oppurtunity here
Now people who talk about Private placement at 300 and 600 per share to Narayan Murthy and George Soros Quantam fund......These placemenmts are done at a lockin period of 3-5 years. So they cannot sell there stake in open market post IPO and can only sell after 3 years. Sequia Capital that was the biggest PE investor in the company today has a major stake. Sequia is the same company that funded Google in its early stage. Do you think they are that foolish to exit when the oppurtunity has just begun?
Thoose who raise question about ethics..... Well tell me any NGO that would have been able to serve such a large base of people without funding. I mean what is so unethical? Have you ever given any loan to poor people. Have banks in this country serviced people in rural areas? RBI encourages them to open branches in rural area but no. of branches are dismal. Then who will provide them loans if not large banks? Whats wrong in profits. If they run in losses how will they raise future funds? These cos go to rural areas...adderess their problems..is that unethical ?
Now talking about risk...related to lending to poor people....and problem of overlending and defaults. R.B.I. has created MFI body to maintain records and ensure that total loans to a particular individual does not cross Rs. 50000 in a particular point. Capital Adequacy Ratio of SKS post IPO will be 40% of total loans disbursed...and deliquency ratio or NPA is just 0.5% . which other indian bank boasts of such high risk measures...? Plus they lend though SHGs or self help groups created by women who themselves do not sugget people with bad credit report to be lended money coz they know that in future they will not get any loans if their reputation is damaged. I mean rural poor is more trustworthy while lending and pay their loans seriously than urban poor..!!
And speaking about high rates of interest of 20-25% well its well below greedy moneylenders of 60%...and if cost of capital for this MFIs is 12-15% why will they not charge 20%.
Oh did i forget to mention that SKS is applying for banking liscence in future to reduce its cost of funds from 12 to 6%. Did i tell you that it has tie up with HDFC for Micro Housing that is a new sector...or retailers like Bharti Future Group who have tied up with SKS to provide loans to rural distributon channel.
And on top of that SKS is planning to expand its operation in China next fiscal..!!
If these are not reason enough to invest then what are ?
You know SE Investment a listed player in micro finance on NSE and BSE currently that few people know about has gone 4 times from 250 to 1100 in just one year.
Ultimately retail investors will shy away QIB will oversubscribe Liquidity of this stock will be with institution with little retail holding and just like Jubiliant or ARSS this will generate huge returns...!!
Any ways people who want to stay away...its there opinion...I just gave my few cents for thought..!!
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| 2237. Fools brooker |
Member since: 7/23/2010 |
Posted on: Jul 26, 2010 3:17:14 PM IST |
THE PRICE OF RS850 -RS 985 IS DECLARED OR SKS MICROFINANCE LTD ISSUE SIZE OF 1654 CORES I HOPE THE SO CALLED BOARD MEMBERS AT NOW QUITE ON THIS ISSUE THEY WERE QUOTE AN PRICE OF RS 650
AT RS 985 IT IS HIGHLY PRICED
PL BEWARE OF OPERATORS WHO ARE WRITING MESSAGE ON THIS PAPER MAINLY RAVI BANGALORE ,K.K. NATARAGAN ,SHREEDHAR, AND NOW NEW-NAME GEM IPO FNDER
EIL LOOKS CHEAP AT RS 290 AND 5% DICOUNT COMES TO RS 275.5
ISSUE SIZE IS 977 CORES
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| 2236. A g pujari |
Member since: 7/24/2010 |
Posted on: Jul 26, 2010 9:52:45 AM IST |
PRAKASH STEELAGE
WHAT IS GMP PLEASE ? |
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| 2235. Prakash rohera |
Member since: 7/25/2010 |
Posted on: Jul 26, 2010 12:53:43 AM IST |
what is the issue prise of sks micro |
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| 2234. Nirankush |
Member since: 9/9/2009 | Check 'Nirankush' profile |
Posted on: Jul 25, 2010 2:56:06 PM IST |
SKS PREMIUM IS RS. 62 64 ON SUNDAY EVENING.............AND BROKERS ARE IN BUYING MOOD ONLY..........NO SELLER EVEN AT RS. 68
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| 2233. Fools brooker |
Member since: 7/23/2010 |
Posted on: Jul 24, 2010 6:44:09 PM IST |
SKS MICROFINANCE IS AN GOOD COMPANY NO DOUBT THE PRICE OF THE ISSUE IS NOT FIXED BUT THE GUY SO CALLED EXPERTS TRY TO FIGURE OUT THE PRICE SECONDLY THE SO CALLED EXPERT ASK THE PUBLIC TO APPLY IN THE IPO IF NARAYAN MURTY GET THE SHARE AT RS 300 SIX MONTHS BACK THEN TAKING 25% EXTRA FROM THE PUBLIC IS OK BUT AT 100% PRICE THAT IS RS 600 MEANS AN LOOT TO THE PUBLIC WHAT EVER MAY BE THE VALUATION OF THE COMPANY THE PUBLIC IS GOING TO INVEST MORE THAN THE AMOUNT MURTY HAS INVESTED HENCE ANY THING ABOVE RS 400 IS GROSSLY PRICED WHEN THE MARKET TANK DOWN TO 160000 OR 4500 NIFTY THE PRICE WILL BE RS 350 TO 400 HENCE APPLY FOR LISTING GAINS
BEWARE OF THE OPERATORS |
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| 2232. Brookers loot |
Member since: 6/14/2010 |
Posted on: Jul 23, 2010 7:29:14 PM IST |
EIL MARKET PRICE IS RS 337 GOVT WILL TRY TO FIX MAX HIGHER PRICE YESTERDAY IT WAS RS 345 TO 350 IE ON FRIDAY 29 JUL IS LAST DAY FOR DERIVATIVE TRADING
AT THE PRICE OF RS 315 TO 320 IT IS WORTH APPLYING IT CANNOT GO BELOW RS 300 IF THE MARKET IS TRADING AT 180000 AND NSE AT5400-5450
HER ALL THE SO CALLED EXPERTS ARE GIVING WRONG OPINION ABOUT THE IPO ONCE THE PRICE IS DECLARED ONE CAN GIVE PROPER ADVICDE
AT RS 350 IT IS NOT WORTH APPLYING IT IS RS 5 SHARE AND NOT RS 10 SHARE IE AT RS 700/ IT IS COSTLY |
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| 2231. Rahul agrawal |
Member since: 7/23/2010 |
Posted on: Jul 23, 2010 6:31:08 PM IST |
pls anybody tell me what is the price band of EIL ipo????????
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| 2230. Atul Goyal Hisar |
Member since: 9/21/2009 | Check 'Atul Goyal Hisar' profile |
Posted on: Jul 23, 2010 3:22:59 PM IST |
GMP SKS RS 1800 KOSTAK HISAR |
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| 2229. Setu jain |
Member since: 7/21/2010 |
Posted on: Jul 23, 2010 12:12:15 PM IST |
current gmp is Rs 52 for SKS |
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| 2228. Brookers loot |
Member since: 6/14/2010 |
Posted on: Jul 22, 2010 10:34:15 PM IST |
most of the experts were wrong in their prediction in mid field industries |
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| 2227. Setu jain |
Member since: 7/21/2010 |
Posted on: Jul 22, 2010 9:10:24 PM IST |
Can any on tell me that is it true that there are only buyers today in sks coz i could not get shares at any premium from my grey market contact. Can any one help me out by giving me some source or any body willing to sell. I want 1000 shares of SKS Micro. Premium not an issue |
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| 2226. Atul Goyal Hisar |
Member since: 9/21/2009 | Check 'Atul Goyal Hisar' profile |
Posted on: Jul 22, 2010 8:59:12 PM IST |
GMP SKS 1200 KOSTAK AT HISAR...... |
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| 2225. Saharanpuri |
Member since: 3/29/2008 |
Posted on: Jul 22, 2010 7:44:17 PM IST |
In delhi shares are being traded around 55 rs n applications around 2700 rs for sks micro
pl tell abt the rates in other centres.
partly booked my profit in HMVL as my target price of 195 was in sight.
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