| Delhi Prospectus |
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| Written by HW | ||||||||||||||||||||||||||||||||||||||||||||
| Thursday, 17 April 2008 | ||||||||||||||||||||||||||||||||||||||||||||
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Prospectus for Initial Public Offer
Name of the stock: Delhi IPO price: T20 Rs. 650
Number of shares released: 5,00,000
General Introduction Delhi are one of the stronger teams in the fray. Like Kolkata they have a strong balance of power spreading through their batting and bowling. Delhi have a lot of hit-and-miss players, that is players who, on their day, can be devastating, but are as given to flopping completely as they are to playing match-winning innings. The positive here is that with several such players in the team, the odds are that some of them are bound to come good each time. Net Worth Analysis The net worth of the stock is based on the cumulative performance ratings of the players in the team who have prior T20 international experience. Hence this more or less depicts the true expected net inflow from the player performances.
Further the net worth is discounted @ 30% to use a conservative
estimate of the value, since the values represent average performances
and not worst-case-scenarios, and so as to also to keep a buffer for
shareholders’ gains.
Therefore the IPO value is staged @ 70% of the total net worth.
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