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.