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

What is Specialized Investment Fund (SIF)

What is Specialized Investment Fund (SIF) SEBI rolls out Specialized Investment Fund with Rs.10 lakh minimum investment. What is Specialized Investment Fund? This newly launched class aims to fill the space between mutual funds and PMS, offering a flexible and specialized option for investors who are willing to make riskier bets and seek higher returns. Why the Need for SIFs? Mutual funds, by nature, attract a wide range of investors and are governed by strict regulations to ensure broad accessibility and safety. They are more suitable for conservative investors or those with a lower risk appetite.   On the flip side, PMS offers tailored strategies but typically requires a significant minimum investment (Rs.50 lakhs and above) often too large for smaller investors, and with a complexity that may seem daunting for those without deep financial expertise.  This is where the SIF comes in. SIFs are designed for those who are more informed about the market, willing to take on a hig...
Read more