SKS Microfinance Ltd IPO Message Board (Page 64)

still holding on to 7 lots after selling 2 lots @180.

co is worth atleast 200 rs

Dear gem ipo finder,

I am waiting for your take on Barak Valley Cement. I find your posts and sreedhar post on ipos very good.

I am waiting for you analysis on this and any other good stocks you recommend. I also found one stock "Heidelberg Cement" to be worth looking at, as it is under veru good management and huge cash surplus they have.

sks micro fin. very very high price. so on listing day short at any levels. its my personal view.

I think we should refer to RHP for the facts. Link for the same is here.
http://www.kmcc.co.in/downloads/Kuber-RHP-July-16-2010_RoC_final_Printer-version_20july10.pdf

SKS MIRCO FIN. is very bed issue. its price is very very high. avoid this issue. this is my personal view.

FACTS AS PER ET.

1) RETAILERS MAY GET DISCOUNT

2) SHARES PLACED TO CATAMARAN AT RS. 600. IT SEEMS TO BE INCOORECT.????????

3)The IPO is set to raise over Rs 1,000 crore, of which nearly 44% will go to existing shareholders, including private equity investors, who are making an exit through the issue.
if The public offering is for 1.67 crore shares , which constitute 74 lakh as fresh shares and 93-lakh shares is an offer for sale for existing shareholders then how only 44% will go to existing sh. holder?????

4)The microfinance institution has posted a net profit of Rs 178 crore in March 2010 against Rs 80 crore in the previous year. It has a loan book of Rs 4,321 crore, 2,029 branches and 21,154 employees. The average yield on advance for the MFI is 25.3% while the cost of fund stood at 8.5% and administration cost was 10.4%.

SKS microfinance turnover for FY 10 is 958 crores; net profit is at 174 crores; EPS 27; book value 147. So if it comes at a price of 700, then the PE should be around 26. It has 67 lakh women members and lending only to women with focus on low income households.

Neeraj,
At 484 it is more than fairly valued.Time to exit.I am thinking of exiting from my IPO shares after the results.

In this ipo retailer will get some discount and one more day for apply ipo.

Price band will be approx 700 range...when based on a broad comparison to few global peers must be in the 550 range

All Forum viewers are requested to please go thru' the IIT note as per site address given at Item 20 RAVI, before deciding about investment in the co where promoters are comfortable in exiting at IPO rate at the cost of new investors. The same old story of GREED playing with the investors money once again. BE-AWARE ????????

indiabulls finance b/v at 150....sks micro also at 157.
im buying bulls finance at 150 levels...its easily going for 360 plus....
why will i hold sks at 600...still cant understand....howver its worth only beloe 450---in bear market it will go to below 250...may be buy there.

Nisha Shah,
Are you & prjayachandran(who posts in moneycontrol message board).Just wondering as your post on SKS is copy paste of the message posted on moneycontrol IPO message board.

give price band of sks microfinance

Dear Mota bhai,

Thanks very much for the guidance.

I will close my eyes and put in application.

Whatever is ours will come our way.

All the best

As per CRISIL's report,Companies with higher IPO grades command higher P/E. CARE Ratings has assigned ipo grade of 4 to SKS ipo. Companies with a high IPO grade of 4/5 indicating above-average fundamentals) command an average P/E multiple of 28x compared to 11.2x for companies with an IPO grade of 1/5 (indicating poor fundamentals). If this is to be believed, at EPS of Rs 27.5, and P/E of 28, SKS ipo should be valued around Rs 770. but at this price to book value comes to more than 5. It will be interesting to see the first microfinance ipo in India.

yes the GMP is around 9-10 rs for HMVL in delhi as on yesterday.today rates I dont know.
coming from Bhartia group it wud be a high visibility stock so tomorrow wud be a dynamic day.

WHATS YOUR N EVERYBODYS OPINION ON GROWTH OF VERNACULAR PRINT MEDIA IN YOUR RESPECTIVE STATES. HOW IS HINDUSTAN PERFORMING IN UP,BIHAR N JHARKHAND .RESIDENTS OF THESE STATES PL GIVE YOUR VALUABLE OPINION.

SKS has posted EPS of RS.32.98 for FY 2010-11

SKS MICRO FIN

33. GEM IPO FINDER -

What would be asking price for the ipo. Any idea ?

Both of you just ensure that you dump the shares before the operator dumps them.