Equitas Holdings Limited IPO Message Board (Page 97)

Some broker circle in chennai are reporting the face value of the share is Rs5/- not sure how true is it......

In Feb mutual funds added 40 lakh share of pcl.now total holding of MF till 29 Feb is 1.50 cr(appr) and 10 lakhs hold by insurance company and foreign investors.out of 2.20 cr issued shares now only 60 lakh shares hold by public and mfs catching shares day by day.
Septa Ji what''''s its indicator please give ur valuable advise

ininfibeam promoter costing per share is 3 paisa,
any one know what is the costing of promotewr of EQUITAS PER SHARE

what should be fair value of equitas holding guys ?

starsipo Sir is the expert who can elaborate better on this matter ... he has calculated the fair value as Rs.75/- and has said that he will not apply above Rs.78/- ... I am waiting for the rational of his comments

I am told that for Banks & NBFCs ... the valuation methods used is Price/BookValue Ratio ... instead of Price/Earnings ratio ...

SKS Microfinance is currently 4X P/B

Dear starsipo Sir,

on Mar 25, 2016 7:54:56 PM IST ... you said ... "Fair value 75 only...."

and then on Mar 26, 2016 10:43:59 AM IST ... you said ... "Won''t apply if offer above 78 type......."

Please enlighten us ... how did you arrive at the 75/78 figures ?

Won''t apply if offer above 78 type.......

Dear Sir,

Please give your rational for 78/-

Big float , issue of 2175 crore

not to apply , even if price is below RS 75 ,

Take example of big issue L&T FINANCE , BIG issue , hardly any price rise

reliance power , another big issue

NO , AS to me the issue was not worth applying , and after 15 march , i do not apply in an IPO , due to year ending ,

Sir,

Have you changed your mind ?
Or are you still definitely NOT APPLYING ?

Assuming, IPO price is @111/-

Then,
P/B for March''16 = approx 2.25
&
P/B for March''17 = approx 1.80

At this P/B...it is excellent pricing...P/B < 2

in equitas holding retailer will not get anything

Logic eagleye ji price 111 ka...
1450 crore/ 13.45 Lakh share ofs wale
110....atta haai...aapp btaiye mai sahi ho

Sorry sorry ... you are right ... price should be 110/- and not 111/-

(i) Fresh Issue ● Equity Shares, aggregating up to Rs.720 Crs.
(ii) Offer for Sale Up to 13,24,25,884Equity Shares


13,24,25,884 @ 110 = Rs.1456.68Crs
+ fresh Issue of Rs.720Crs

Thus, Total IPO size = Rs. 2176.68 Crs.

my error coz ... the DRHP says 13,08,25,886 ... whereas it is now revised to 13,24,25,884

Sorry for my oversight

if fair value below rs 100 then avoid

Fair value 75 only....

Dear Sir,

Please give your rational for 75/-

septaji what u think equitas holding apply or not ?

ok then possible listing may be around rs 130

GMPs 6.5-8
Application Kostak Rs 650

gr8 information so book value 49 then if its price band below rs 100 then apply

I assumed price to be below Rs.120.

IPO issue price will be 111/-

Let me share some facts.
Equitas holding is an Sbf as per RBI.
Many players applied but failed. Equitas got that well before big players like Bajaj & Sks.
Equitas EPS is 5.9 FY16
ESTIMATE EPS 6.7 FY17.
Company raising 720 Cr. utilize for loan.
Let us assume price band to be120
Therefore they demanding 18 times pre issue & 22-23 times post issue which is far reasonable with its peer like SKS & Cholamandalam.
Now come to NAV Rs. 49 therefore is almost 2.2 times its BV.
I Strongly recommend to apply this.
Its fair value is Rs 167 for FY17.
However price is still to come.
If that is below Rs 120 I think it''s a great deal.
My Axis friend says that the price will come out on Monday. He refused for any retail discount.
Retail is 35% no fight for allotment.

"$300m Tata Sky IPO planned


Cyrus Mistry has initi ated a process to sell part of Tata Sky in his first IPO move after becoming Tata Group chairman in 2012. The $300-million (about Rs 2,000crore) Tata Sky issue will be the group''s first offering after more than a decade. The group''s marquee TCS was listed in 2004."

What is the thought about this?

EHL GMP @7/- per share
Market expects price band 105-111

Grey Marekt Movement

HCG and INfibeam premiums crumbled
Deals started taking place in Equitas Holdings issue
HCG premium crumbles increasing chances
of issue getting listed discount
Equitas issue will increase movement in Grey Market

Infibeam :- Premiums have come down from Rs28/30 last week to 17/18 this week.
Sellers are ready to sell at premium of 6/7. It may crumble more on listing.
HCG :- Listing could be on March 30. Premiums have come down to 5/7 increasing
chances of issue getting listed on discount.
Equitas Holdings :- The issue is yet to be announced. The office price could be
around Rs110 taking the premiums to 8/9. Application rates are around Rs500/550 in
Sakar Bazzar. The issue may increase movement in grey market.

If priceband decided around 90 its very attrective