Varun Beverages Ltd IPO Message Board (Page 28)

PNB Housing was easy to evaluate ...

Can someone please help me ... How to evaluate Varun Beverages ??

The pot calling the kettle black

BTW I LIKE CONTRIBUTORS LIKE U MORE THEN OTHERS BCOZ IT MAKE ME DO MORE ANALYSIS SO PLS CONTRIBUTE.

WE HAVE SEEN MANY CONTRIBUTOR COME DURING A IPO AS PAID STOOGES AND THEN DISAPPEAR AND I HOPE U R NOT ONE OF THEM.

IN REGARDS TO CALLING U STUPID OR IDIOT IS JUST A OLD PHYCOLOGICAL STRATEGY. WHEN U PRAISE SOMEONE U GET LESS INFO THEN WHEN U INSULT SOMEONE.

LIC Housing Finance & Indiabulls Housing Finance are currently @3.25x of P/BVPS

PNB Housing Finance @2.5x of P/BVPS = Rs.425/-

If fixed @ 2.5 P/BV, 20% cheaper... Our request is taken care of...

Lot size can be 35 shares, sureshot gain of 2000-2500 per lot. (primafacie)

PNB HOUSING FINANCE LIMITED

IPO is for Rs.2,500/- Crs. (Only Fresh Issue – NOT OFS)

Ref Page 88 of DRHP dated July 4, 2016

EPS FY13-14 => 25.87
EPS FY14-15 => 24.15
EPS FY15-16 => 27.58

RONW FY13-14 => 16.71
RONW FY14-15 => 15.45
RONW FY15-16 => 17.60

NAV March''14 => 142.20
NAV March''15 => 152.03
NAV March''16 => 168.96


Promoters are:

51% held by PNB = 64,730,700 Equity Shares (Average cost of acquisition@71.19)
49% held by DEL = 62,192,300 Equity Shares (Average cost of acquisition@113.60)
Total 126,923,000 Equity Shares outstanding prior to the Issue
(Note: Options Granted as on April 22, 2016 – 38,07,690 @338/-)

DEL = Destimoney Enterprises Limited, which is an entity held by Quality Investments Holdings, which is a company incorporated in Mauritius owned and controlled by CAP IV AIV Mauritius Limited, and CAP IV Coinvest AIV Mauritius Limited, which are entities incorporated in Mauritius and QIH’s nominees. These entities have investment advisory arrangements with affiliates of the Carlyle Group, LP (NASDAQ-CG)



Retail Discount to the Issue Price may be offered to the Retail Individual Investors and the Eligible Employees bidding in the Employee Reservation Portion.

Sorry for the syntax error ...

Promoters are:

51% held by PNB = 64,730,700 Equity Shares (Average cost of acquisition is 71.19)
49% held by DEL = 62,192,300 Equity Shares (Average cost of acquisition is 113.60)

@Modulator

PNB housing finance has started GMP and Gray market trading. Please add one page for it.

Kostak is 650

No GMP no Kostak :(

Gmp

any retailer exceeds amount more than 2 lakhs rupees then it considered as HNI

@ 65. Manjunatha
. Retail ...HNI? ..NII ...Hey ! Are you not considering applying as Anchor Investor too?

which is better for applying IPO?
applying for 1 lot as retailer or
applying as HNI segment for 15 lots or
applying as HNI segment for more than 15 lots
in which segment the chance of allotment of shares is more

Latest gmp

septa sir will u apply or avoid ?

market go down so discount listing possible

avoid avoid

avoid varun because price is very high. otherwise it will be as like quick heal.ipo.

Do not invest in this ipo.......3rd discount listing is coming from last 4 ipos....I have not invested in icici pru and too electric....invested in 18 Application in endurance

Varun Beverages is second largest bottling Plant in Asia Comparison with Manpasand or FMCG players will not be beneficial.

Avoid this ipo and make your funds for pnb housing

When PNB housing is coming ?

For the information of members:
At the time of DRHP co was itself thinking of pricing it max @480.
Objects of the issue -540 cr for loan repayment + other general purposes which can''t be more than 25% of total money raised.....it means total issue can''t be more than of 720 cr ....which means 720cr/ 1.5 cr fresh shares= Rs 480
Further company intended to give retail discount on the issue price

Let''s see where does it price it now n whether it gives any retail discount .....ur action speaks ur intentions

Please Take a Note
Retail Portion is 35% Not 10%.
Company is in Operating Profit. NOT in Operating Loss

Yes operating profit... but figures?
Rule states average of past 3 yrs, so if 45 crs in last FY, will it suffice for 35% quota ? Will have to wait.

if price band above 350 then avoid

Upper Price must be less than 500 ....anywhere max 480 to be worth applying