IPO Details - Muthoot Finance Ltd

[Master]

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'.

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[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

[Master]

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

[Rahul]

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?

[Master]

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

[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.

[v.r.s.nathan]

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

[Harish Rawat]

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

[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

[Rahul]

I have applied 8 full applications.

With same PAN no.?

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.