Muthoot Finance IPO.What are the expectations?Should Buy or Not?
Book value is Rs. 19 and offer price is Rs. 160/175
The company had issued bonus share to its promoters twice in ratio of 1:44,
The company has issued 2 crore share to various institutions at Rs. 123/133
Increased interest rate, new norms of CAR, negative cash flow during last three years,
Stiff competition from unorganized sector is some risky factor
Turnover, profit, market cap and RONW are double compared to its peer companies, outlook positive
- The average price of promoters each share each share is Rs. 0.57, book value is Rs. 19 and offer price is Rs. 160/175 -The company had issued bonus shares to its promoters on October 21, 2008 in ratio of 1:7 beside it had again issued bonus share to its promoters on August 29, 2009 in ratio of 7:36 shares ...more