FinWin

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The author of this blog isn't a certified financial advisor or a certified financial planner. Please consult a qualified financial planner / certified financial advisor before taking any actual investment decisions. Views expressed on investments is purely authors own opinion / experience and shouldn't be construed as an investment advice. All information on this blog is just a point of view from authors perspective merely for educational and informational purpose only.
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Friday, December 11, 2009

Cox & Kings Listing Strategy

As recommended Cox & Kings to buy in IPO hasn't disappointed us.

Cox & Kings listed at 344 on BSE one can book partial profits at 385+ and hold remaining for long term. Partial profit booking will help us average out buying price and hence act as cushion of safety.

Happy Investing!

Wednesday, November 18, 2009

Cox and Kings

Cox and Kings:
IPO Opens: 18th Nov 2009
Closes: 20th Nov 2009
Rating: ****

Recommendation: Subscribe
Fairly valued IPO after long time

Issue details below:
The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.

CARE has assigned a 'CARE IPO GRADE 4' to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

The objects of the fresh issue are to provide funding for repayment of loans; acquisitions and other strategic initiatives; investment in overseas subsidiaries and investment in corporate office & upgrading our existing operations.

Link for prospectus: http://www.nseindia.com/content/ipo/RHP_CNK.zip