Page 1 of 3 123 LastLast
Results 1 to 10 of 28

Thread: IPO Details - Muthoot Finance Ltd

  1. #1
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Lightbulb IPO Details - Muthoot Finance Ltd

    Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. Muthoot Finance provides personal and business loans secured by gold jewellery, or Gold Loans.

    Issue Detail:
    Issue Open: Apr 18, 2011 - Apr 21, 2011
    Issue Size: 51,500,000 Equity Shares of Rs. 10
    Issue Price: Rs. 160 - Rs. 175 Per Equity Share

    Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

    CRISIL has assigned an IPO Grade 4 to Muthoot Finance Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'.



  2. #2
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    Capital Market IPO Rating - 47
    Mehta Equities - Subscribe.
    GEPL Capital - Subscribe.
    S P Tulsian - Subscribe for 10% gain.
    Nirmal Bang - Subscribe to the issue with a medium to long‐term perspective.
    HSBC - Subscribe for listing benefits as well as long-term gains.
    ARM Research - Subscribe
    KR Choksey - Subscribe.
    Aditya Birla Money - Apply.

    So I am going for this

  3. #3
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    Number of Times Issue is Subscribed (BSE + NSE) = 11.0200 times

  4. #4
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    386

    Default

    Quote Originally Posted by Master View Post
    Number of Times Issue is Subscribed (BSE + NSE) = 11.0200 times
    Do you think it is good to apply this IPO when subscription may go upto 30-40% and chances of getting shares less?
    |Jargon Buster|Before you post, please read the FAQ and the sticky posts on the board you wish to use.|Blog|

  5. #5
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    Quote Originally Posted by Rahul View Post
    Do you think it is good to apply this IPO when subscription may go upto 30-40% and chances of getting shares less?
    Subscription is only a part in the analysis of IPO. Stock market without risk does not exist.
    Retail portion will subscribe more than 12 times, I have applied 8 full applications.

    Retail = 3.71 times till 2 PM today

  6. #6
    PW Stalwart v.r.s.nathan's Avatar
    Join Date
    Apr 2009
    Location
    Nagpur
    Posts
    250

    Default

    Applied for one half application (98,000) today morning. Lets see how much time the issue gets over-subscribed by the end of the day.

  7. #7
    PW Stalwart v.r.s.nathan's Avatar
    Join Date
    Apr 2009
    Location
    Nagpur
    Posts
    250

    Default

    Current -
    HNI = 16.8554 + 44.08 = 60.9354
    Retail = 2.8553 + 5.56 = 8.4153

  8. #8
    PolicyWala Expert
    Join Date
    Apr 2009
    Location
    Kanpur
    Posts
    103

    Default

    How many shares do I get on muthoot finance in Rs. 2 lac application?

  9. #9
    PolicyWala Newbie
    Join Date
    Mar 2009
    Location
    Noida
    Posts
    26

    Default

    Why subscription for retail is very low?
    Coal india total size 66 crores of shares - retail subscribed 2.3 times
    MOIL total size is 3.3 crores of shares - retail subscribed 32 times
    PSB total size is 4 crores of shares - retial subscribed 49 times

    Muthoot size is 5.7 crore - retail subsscribed 8 times

  10. #10
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    386

    Default

    Quote Originally Posted by Master View Post
    I have applied 8 full applications.
    With same PAN no.?
    Quote Originally Posted by Harish Rawat View Post
    How many shares do I get on muthoot finance in Rs. 2 lac application?
    If you have applied at cut off as it is subscribed 8 time in retail, so you can expect 150 shares on 2 lac application.
    |Jargon Buster|Before you post, please read the FAQ and the sticky posts on the board you wish to use.|Blog|


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •