SKS Microfinance ipo valuation – SKS Microfinance ipo
SKS Microfinance ipo brice band is 850 – 985 so if SKS Microfinance final issue price is Rs985 then in terms of price to book value perspective it is offering at 4.32 where book value post issue is Rs 228
and with eps of Rs24.30 and p/e of 40.52
so apply for ipo for long term and book profit at Rs1200 in 6 months.
issue is expensive but worth to apply.
Hdfc bank is trading at price to book value of 6 times
1 user responded in " SKS Microfinance ipo valuation – SKS Microfinance ipo "
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Rajan Alexander said,
in November 7th, 2010 at 3:08 am
Micro-Finance to Face Slow Painful Death. SKS Share to enter Free Fall. Sell, Sell, Sell!
SKS, the Indian micro-finance giant’s IPO was supposed to signal the coming of age of the micro-finance (MF). Instead, it contained the seed for the destruction of the entire industry. Their Rs 10 share on listing attracted a premium of Rs 975 and such was the investor confidence, it touched a high of Rs 1,490 in a matter of days. Then hell broke loose with the industry hit by charges of them profiteering and causing farmer suicides. Its reverberations were so strong that it had been felt by the industry all over the world. The stock plunged to Rs 890 before recovering to be a tad over its listing price and hovering around this range for the last one week. We expose the dark underbelly of a Frankenstein unleashed by NGOs.
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