Mohali Prospectus

Written by HW

Thursday, 17 April 2008

Prospectus for Initial Public Offer

Name of the stock: IPL Mohali

IPO price: Rs. 525

Number of shares released: 5,00,000

General Introduction

This team from Punjab is one of the early title contenders for the tournament.

The general persona of the squad is young, starry and aggressive with a generous mix of cricketers who are young but not rookies, and are reasonably established.

It is a combination that won’t come too cheap, but is likely to deliver on performance.

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.

Batsmen	R.P

Yuvraj Singh	252.38
James Hopes	14.45
Mahela Jayawardene	106.25
Simon Katich	50.65
Luke Pomersbach	32.14
Kumar Sangakkara	20.93


Bowlers

Brett Lee	68.69
Kyle Mills	66.83
Irfan Pathan	73.93
S Sreesanth	64.20
Total Net Worth	750.44

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.

Comments/tips

James Hopes and Kumar Sangakkara represent players who, going by their recent run of form, haven’t peaked in T20 yet, and could do better than their value suggests in the IPL.

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 yet untested

Ajitesh Argal

Piyush Chawla

Pankaj Dharmani

Rishi Dhawan

Karan Goel

Uday Kaul

Sahil Kukreja

Wilkin Mota

Ramesh Powar

Nitin Saini

RamnareshSarwan

Vikram Singh

Sunny Sohal

Tanmay Srivastava

Comments/tips

Piyush Chawla, Ramnaresh Sarwan and Tanmay Srivastava are players who come with good records and performances in various other platforms of the game, and could be good bets.

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