Skip to main content

Mahindra Holiday & Resorts IPO

After a longtime, an IPO of reasonably good quality and size, has hit the Indian markets. Whether it is worth investing at the offer price, is debatable. Mahindra Holidays and Resorts India Limited (MHRIL) is India’s number one brand offering good family holidays.

The company’s brand Club Mahindra Holidays, has more than 75,000 members and 25 beautiful Resorts at some of the most exotic tourist spots in India and as well as abroad. Mahindra's some of the resorts at Coorg,Manali, Goa, Munnar and Dharmasala are winners of the RCI Gold Crown Award for the year 2008-2009.

Details of the issue:
The objects of the Issue are to raise capital for expansion of existing resorts and setting up new projects and ofcourse, to achieve the benefits of listing on the Stock Exchanges.

Issue Size is 92,65,275 Equity Shares of Rs. 10/-
Price Band: Rs 275/- to Rs 325/- of Face Value: Rs. 10/-
Market Lot of 20 Shares with a Minimum Order Quantity of 20 Shares.
The Issue is open from June 23 ,2009 to June 26, 2009.
The shares are to be listed at BSE and NSE.

The stock is offered at 25 times P/E of their current year's expected earnings, which is on the higher side. Since there are no comparables and it is the market leader at present, there is scope for some appreciation.
Labels:

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more

Walmart and Costco Selling Gold and Silver

Costco Wholesale and Walmart are both starting to sell gold bars. First, Costco sold gold bars to its members looking to invest in more than bulk household purchases. Now the warehouse retailer is selling silver coins too. Walmart has also started selling precious metals such as gold and silver in its online store, following in the footsteps of Costco Wholesale. Against the backdrop of high inflation, gold has become the new favorite of American consumers. The value of gold and silver is expected to continue to climb in 2024 on expectations that the Federal Reserve will start cutting interest rates. Gold currently trades at $2255. Will Indian supermarkets sell gold?  Gold has been always been one of the favorite investments for Indians, as evident from the fact that Indian households hold over 21,000 tonnes of gold. Indians prefer to buy gold jewelry and this trend could change if Gold is sold in supermarkets. There are Gold ETFs and Sovereign Gold Bonds  (SGB) as well. Addi...
Read more