IPO Details - Muthoot Finance Ltd

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21-04-2011
Master

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'.
21-04-2011
Master

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 :EmoticonThumbsUp:
21-04-2011
Master

Number of Times Issue is Subscribed (BSE + NSE) = 11.0200 times
21-04-2011
Rahul

Quote:

Originally Posted by Master

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?
21-04-2011
Master

Quote:

Originally Posted by Rahul

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
21-04-2011
v.r.s.nathan

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.
21-04-2011
v.r.s.nathan

Current -
HNI = 16.8554 + 44.08 = 60.9354
Retail = 2.8553 + 5.56 = 8.4153
22-04-2011
Harish Rawat

How many shares do I get on muthoot finance in Rs. 2 lac application?
22-04-2011
Sandeep

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
22-04-2011
Rahul

Quote:

Originally Posted by Master

I have applied 8 full applications.

With same PAN no.?

Quote:

Originally Posted by Harish Rawat

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.
22-04-2011
Praveen

Quote:

Originally Posted by Rahul

With same PAN no.?

If he would have applied with same PAN no - then all will be rejected.
23-04-2011
CopyCat

He can apply for 8 application in different name having different pan and demat account no..
23-04-2011
CopyCat

Decent allotment chance for retail after low subscription in retail. Fingers crossed for good listing. As many analysts have pointed out, its in a niche segment with an excellent profit margin.
25-04-2011
Rahul

The allotment date is expected to be 2nd May and listing date is expected to be 3rd or 4th May. All the best to all who had applied for this IPO!
29-04-2011
tigershark

What is the latest Grey Market Price of Muthoot IPO?
29-04-2011
Harish Rawat

Quote:

Originally Posted by tigershark

What is the latest Grey Market Price of Muthoot IPO?

Current Grey Market Price Muthoot is Rs. 34 – 36.
Listing would be around Rs. 220-225. Happy investing!
29-04-2011
Harish Rawat

Don’t sell your application on listing. You will get good listing gain on this IPO.
01-05-2011
v.r.s.nathan

Allotment Date - 2nd May'2011 - Monday
Listing Date - 5th May'2011 - Thursday
01-05-2011
Rahul

Quote:

Originally Posted by Master

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

No, one person cannot apply multiple times through multiple applications for an IPO. It's a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.
05-05-2011
Praveen

Where to check the allotment status?
When is it listing?
05-05-2011
CopyCat

Quote:

Originally Posted by Praveen

Where to check the allotment status?

Check here - http://www.linkintime.co.in/newsite/...tionStatus.jsp

Quote:

When is it listing?

Listing date - 6th May'2011 (on akshaya tritiya day :thumb:)
05-05-2011
Raviz

What is the current grey market price?
06-05-2011
Master

Quote:

Originally Posted by Raviz

What is the current grey market price?

Forgot about grey market price. It's listed in the stock exchange at Rs 180, a premium of 2.85% to the initial public offer price of Rs 175.
07-05-2011
>take

What to do now? Should I hold this for 6-1 year?
09-05-2011
Raviz

What to do now sell it, because now it is trading below issue price?
11-05-2011
Rajat Gupta

Quote:

Originally Posted by Raviz

What to do now sell it, because now it is trading below issue price?

I would suggest book whatever is in plate now and enter later when it go down. Today also it went down to 169.
13-05-2011
Rajat Gupta

Today it went down to 165.5 and finally closed at 169.05.
15-05-2011
Madhura

MUTHOOT FINANCE
It is seeing selling from HNIs, as effective cost to them is close to Rs. 210. Those who are holding it, can look to exit around cost.

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