Cox and King’s IPO – Review and Analysis

by Shabbir Bhimani on November 18, 2009

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.

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{ 14 comments… read them below or add one }

EquiTipz - Free Investment Guide November 19, 2009 at 8:06 pm

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 :)

Reply

Shabbir Bhimani November 20, 2009 at 10:18 am

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

Reply

Nitin November 22, 2009 at 12:07 pm

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?

Reply

Shabbir Bhimani November 22, 2009 at 8:29 pm

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.

Reply

Raja November 23, 2009 at 8:10 pm

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

Regards.

Reply

Raja December 7, 2009 at 4:16 pm

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 ?

Reply

Shabbir Bhimani December 7, 2009 at 6:00 pm

100%

Reply

Shabbir Bhimani December 11, 2009 at 9:51 am

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

Reply

Sudir December 11, 2009 at 9:56 am

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

Reply

Shabbir Bhimani December 11, 2009 at 9:57 am

Try contacting them if you can.

Reply

Raja December 11, 2009 at 1:44 pm

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

Regards.

Reply

Shabbir Bhimani December 11, 2009 at 5:40 pm

Exactly what I did.

Reply

subal burman December 11, 2009 at 4:56 pm

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

Reply

Shabbir Bhimani December 11, 2009 at 5:41 pm

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

Reply

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