Muthoot Finance sets ipo price band @ 160-175 /sh. as per the advertisement in Financial Express while no discount will be offered to riis. The Financial Performance of the Company are as under:
EPS 2010-11 11.75(annualised)
P/E 14.89 time
on the basis of p/e comparison of muthoot with mannapuram, muthoot looks good & can give a upside of 40-50 rs but on the basis of book value comparison muthoot may not provide decent upside.
now the ball is on the hands of FIIs & the subscription figures can turn the game either side.
so my suggestion is to wait till 20 april 2011 night see the subscription then decide for your subscription.
EPS 2010-11 11.75(annualised)
P/E 14.89 time
on the basis of p/e comparison of muthoot with mannapuram, muthoot looks good & can give a upside of 40-50 rs but on the basis of book value comparison muthoot may not provide decent upside.
now the ball is on the hands of FIIs & the subscription figures can turn the game either side.
so my suggestion is to wait till 20 april 2011 night see the subscription then decide for your subscription.
