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Shabbir is a developer in the field of Applications, web as well as database designing and is devoted to the optimization and usability of the code. Apart from doing some Share trading he maintains Programming forum and is a C++ addict.

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Cox and King’s IPO – Review and Analysis

November 18th, 2009 • Related • Filed Under

Cox and King’s IPO is opening for subscription on November 18th, 2009 and will close on November 20th, 2009. Cox and Kings is a global tour operator, deriving majority of its revenues from the leisure segment. The company has a strong presence in the emerging and developed markets, and offers travel, forex and visa services. The price band for the IPO is 316-330/ Rs. per share.

Should you subscribe?

  • Cox and King have shown tremendous performance in the past.
  • Business holds high growth potential in the near future with the events like common wealth games
  • In the price range of close to 330 the stock would be close to 15 times its FY09 EPS

I would be subscribing to this IPO.

What next?

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There Are 14 Responses So Far. »

  1. Comment by EquiTipz - Free Investment Guide on 19 November 2009:

    I an sorry Shabbir but I have a different opinion on this. I would stay away from the subscription offer and would enter in the stock once it gets stabilized as the other IPOs are doing today… We have seen the stories like Adani Power and NHPC which have got a deep beating… :) Lets see if my decision pays off :)

  2. Comment by Shabbir Bhimani on 20 November 2009:

    Lets see. I have already done the investment and so I would anyway be tracking it.

  3. Comment by Nitin on 22 November 2009:

    Hi Shabbir,

    I have also invested 1 Lac in Cox and Kings IPO looking at analyst recommendations. I am surprised that retail category subscribed by less than 1 time. How much did you apply? After looking at the oversubscription what do you think will be the listing?

  4. Comment by Shabbir Bhimani on 22 November 2009:

    Its not about the over-subscription numbers that you should look at because they can evaporate very easily.

    Thinksoft IPO was not subscribed for some reasons but is at double the price.

  5. Comment by Raja on 23 November 2009:

    I have too applied for the same but a modest 140 share application. Lets see how many i get.

    Regards.

  6. Comment by Raja on 7 December 2009:

    Well…this is to update i got 100% allotment of shares aginst my application of 140 shares.

    Lets hope for the best.

    Regards.

    PS: Whats your score Shabbir ?

  7. Comment by Shabbir Bhimani on 7 December 2009:

    100%

  8. Comment by Shabbir Bhimani on 11 December 2009:

    Looks like this time also I was right. :D Sold and made some good money.

  9. Comment by Sudir on 11 December 2009:

    I am not able to sell the share in ICICIDirect.com and it says

    Stock not traded on the selected exchange:Please check the exchange selected or refer to the stock list

    Dont know whats happening

  10. Comment by Shabbir Bhimani on 11 December 2009:

    Try contacting them if you can.

  11. Comment by Raja on 11 December 2009:

    Sold 50% holding and retaining other 50% for long time.

    Regards.

  12. Comment by subal burman on 11 December 2009:

    listed at a good premium. should i book profits or is there still some steam left.

  13. Comment by Shabbir Bhimani on 11 December 2009:

    Exactly what I did.

  14. Comment by Shabbir Bhimani on 11 December 2009:

    Yes you should minimum sell 50% if not more at current level.

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