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.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar yea...
-
As we all know, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the c...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...
-
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...
-
We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yea...