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Written by holdingwilley
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Thursday, 17 April 2008 |
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Prospectus for Initial Public Offer
Name of the stock: Jaipur
IPO price: T20 Rs. 432
Number of shares release: 5,00,000
General Introduction
The team from Jaipur is
widely known as one of the underdogs in the competition. They are
captained and coached by Shane Warne, the only non-Indian captain
amongst the eight IPL teams.
The underdog status comes on
account of relatively untested, unknown and unglamorous players. But it
needs to be noted that the Jaipur side do have resources like Dimitri
Mascrenhas, Graeme Smith and Morne Morkel who are capable of delivering
high returns on a comparatively low investment, given their records
outside of Twenty20.
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.
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Batsmen
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R.P
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Kamran Akmal (wk)
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12.69
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Dimitri Mascerenhas
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5.87
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Graeme Smith
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229.52
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Shane Watson
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2.67
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Younis Khan
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80.39
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Bowlers
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Dimitri Mascerenhas
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65.62
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Morne Morkel
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81.60
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Sohail Tanvir
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70.26
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Shane Watson
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68.53
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Total Net Worth
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617.14
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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.
Hence, IPO price of Jaipur is 432 T20 Rupees
Comments/tips
Dimitri
Mascrenhas is a player to watch out for, since his One Day batting
performances have improved tremendously since his last T20 game, and
has since developed a reputation for big six-hitting. He could perform
significantly better than the 5.87 value that he currently holds with
the bat.
Other areas of venture
Since
the above net worth analysis only covers players with T20 experience,
the other players without any international experience form the TRUE
ASSETS for the stock as their performance will only go to add further
value to the team’s stock value at the time of redemption of shares.
Following is the list of players who are as yet untested:
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Shane Warne
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Aditya Angle
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Swapnil Asnodkar
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Ravindra Jadeja
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Mohammad Kaif
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Sumit Khatri
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Taruwar Kohli
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Justin Langer
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Parag More
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Pankaj Singh
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Munaf Patel
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Niraj Patel
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Mahesh Rawat
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Anup Revandkar
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Dinesh Salunke
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Jaydev Shah
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Siddharth Trivedi
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