MakeMyTrip - Kanika

ADRS 2ND ISSUE:Promoters of makemytrip.
com, the country\\\'s largest online travel company, has planned to dilute their stake in by floating its initial public offer (IPO) and is looking to raise up to $62 million through a fresh public issue of shares
MakeMyTrip (NAZDAQ: MMYT), intends to raise money through another public issue, reports VCCircle. In a filing with the US SEC, MakeMyTrip expressed the intent to offer 6,000,000 shares 1,600,000 shares on its own, in addition to 4,400,000 shares offered by some undisclosed share holders. It will be able to raise an estimated $43 million based on the last traded price of its stock on NASDAQ which was $26.87. The 4.4 million shares put on sale by other investors are worth $120 million. MakeMyTrip has got Morgan Stanley, Pacific Crest Securities and Deutsche Bank to underwrite the listing. The funding will be used to expand operations by acquiring or investing in strategic businesses or assets that complement its service and product offerings, for technology upgradation, and for working capital and other general corporate purposes. It also informed the SEC that at this time, it has not entered into any agreement or commitment with respect to any material acquisitions or investments. This comes after the companys $100 million IPO, through which it listed at NASDAQ in August 2010. The company registered a profit of $1.77 million in the quarter ended 31st December 2010 on net revenue of $17.3 million. It also acquired a 79% stake in Singapore based Luxury Tours & Travel Pte Limited (LTT) for around $3 million, as an initial cash consideration for ordina ry shares, and an investment of $0.75 million until June 2012, for the subscription of new equity shares to be issued by LTT. MMYT will also acquire the remaining shares from existing shareholders over a three year earn-out period ending June 2014, based on valuations linked to the profitability of LTT.
ADR ISSUE:-
Nasdaq-listed online travel agency MakeMyTrip is planning to sell an additional 6 million shares to investors, According to the company, the offering will comprise a fresh issue of 1.6 million shares and 4.4 million shares held by existing shareholders. The final price of the ADR issue will be fixed by May 26. Morgan Stanley, Pacific Crest, Deutsche Bank Securities and Oppenheimer & Co are bankers to the issue. MakeMyTrip reported net profit of USD 3.7 million for the fourth quarter ended March 31, 2011, compared to a loss of USD 1.3 million in the same quarter last year on the back of growth in air ticketing and hotel segments.
INDIAN ADR S:-
Company
Price
% Change
Dr. Reddys Lab HDFCBank(HDB) ICICIBANK(IBN) INFOSYSTECH.(INFY) MTNL(MTE) MakeMy Trip Ltd.
33.14 33.33 42.75 53.98 1.95 19.14
+1.09 +1.39 +1.64 +1.47 +0.02 +1.68 +0.14 +0.69 +0.13 +0.69 +1.04 +0.70 +0.39
PATNICOMPUTERS(PTI) 12.83 REDIFF.COM(REDF) 8.50
SATYAMINFOWAY(SIFY) 4.42 STERLITE IND. (SLT) TATA COMM.(TCL) TATAMOTORS(TTM) WIPRO 12.51 9.56 18.42 10.42
This was posted under category: Indian ADRs, Recent Buzz
Indian Adrs, 11 August 2011

Thursday, August 11, 2011 16:27No Comments
Company
Price
% Change
32.05 31.94 41.11 52.51 1.93 17.46
-1.34% -1.61% -1.95% -2.77% +0.03% -0.29% -0.17%
PATNICOMPUTERS(PTI) 12.69
REDIFF.COM(REDF)
7.81
-0.35% -0.19% -0.58% -0.48% -0.64% -0.49%
Indian adrs, 10 August 2011

Wednesday, August 10, 2011 16:09No Comments
Company
Price
% Change
33.39 33.55 43.06 55.28 1.90 17.75
+2.20% +3.16% +3.51% +1.89% -0.06% +0.63% +0.26% +1.03% +0.36% +1.00% +0.47% +1.21% +0.41%
Indian Adrs, 09 august 2011

Tuesday, August 9, 2011 16:25No Comments
Company
Price
% Change
31.19 30.39 39.55 53.39 1.96 17.12
-2.49% -2.14% -2.96% -4.00% -0.12% -1.40% -0.98% -1.40% -0.85% -1.32% -0.63% -2.02% -0.91%
Indian adrs, 08 August 2011

Monday, August 8, 2011 16:38 No Comments
Company
Price
% Change
33.68 32.53 42.51 57.39 2.08 18.52
+0.48% -0.12% -0.29% -0.76% +0.07% -1.38% -0.28%
REDIFF.COM(REDF)
8.53
+0.36% +0.26% -0.39% -0.02% -0.20% 0.00%

Friday, August 5, 2011 16:31No Comments
Company
Price
% Change
33.20 32.65 42.80 58.15 2.01 19.90
-2.00% -1.57% -2.26% -3.42% -0.07% -0.88% -0.46% -1.41% -0.51% -0.86% -0.64% -1.31% -0.37%

Thursday, August 4, 2011 16:24No Comments
Company
Price
% Change
35.20 34.22 45.06 61.57 2.08 20.78
-0.20% -0.14% -0.33% +0.28% +0.02% -0.07% -0.14% -0.09% +0.28% +0.02% +0.28% -0.24% -0.12%

Wednesday, August 3, 2011 17:19No Comments
Company
Price
% Change
35.40 34.36 45.39 61.29 2.06 20.85
-0.11% -0.66% -1.89% -1.96% 0.00% -0.94% -0.24%
REDIFF.COM(REDF)
9.67
-1.00% -0.54% -0.40% -0.45% -0.58% -0.25%

Tuesday, August 2, 2011 16:29No Comments
Company
Price
% Change
35.51 35.02 47.28 63.25 2.06 21.79
-0.15% +0.26% +0.71% +1.03% -0.08% -0.43% +0.23% +0.76% +0.58% -0.42% -0.01% +0.08% -0.12%

Monday, August 1, 2011 16:22 No Comments
Company
Price
% Change
35.66 34.76 46.57 62.22 2.14 22.22
+0.10% +0.09% +0.94% +0.42% +0.02% -0.47% +0.03% +0.05% +0.88% -0.08% +0.14% +0.16% -0.16%
ADR Prices
Symbols
Company
LTP (In Rs.)
Date
Volume
RDY HDB IBN INFY MTE MMYT
Dr. Reddy's Lab H D F C Bank I C I C I Bank Infosys Technologies MTNL MakeMy Trip Ltd.
33.24 33.07 42.62 53.78 1.92 19.90
12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11
142650 831689 1900014 2314650 93438 251061
0 -
PTI REDF SIFY SLT TCL TTM WIT
Patni Computer REDIFF.COM SATYAM INFOWAY Sterlite Industries Ltd. Tata Communication Tata Motors Wipro
12.54 8.95 4.63 11.94 9.09 18.21 10.45
12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11
24699 656648 977621 1968788 66764 2661030 400693
0 -

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ADRS 2ND ISSUE:Promoters of makemytrip.

INDIAN ADR S:-

33.14 33.33 42.75 53.98 1.95 19.14

PATNICOMPUTERS(PTI) 12.83 REDIFF.COM(REDF) 8.50

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 11 August 2011

32.05 31.94 41.11 52.51 1.93 17.46

-1.34% -1.61% -1.95% -2.77% +0.03% -0.29% -0.17%

-0.35% -0.19% -0.58% -0.48% -0.64% -0.49%

This was posted under category: Indian ADRs, Recent Buzz

Indian adrs, 10 August 2011

33.39 33.55 43.06 55.28 1.90 17.75

PATNICOMPUTERS(PTI) 12.86 REDIFF.COM(REDF) 8.16

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 09 august 2011

31.19 30.39 39.55 53.39 1.96 17.12

PATNICOMPUTERS(PTI) 12.60 REDIFF.COM(REDF) 7.13

This was posted under category: Indian ADRs, Recent Buzz

Indian adrs, 08 August 2011

33.68 32.53 42.51 57.39 2.08 18.52

+0.48% -0.12% -0.29% -0.76% +0.07% -1.38% -0.28%

+0.36% +0.26% -0.39% -0.02% -0.20% 0.00%

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 05 August 2011

33.20 32.65 42.80 58.15 2.01 19.90

PATNICOMPUTERS(PTI) 13.86 REDIFF.COM(REDF) 8.17

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 04 August 2011

35.20 34.22 45.06 61.57 2.08 20.78

PATNICOMPUTERS(PTI) 14.32 REDIFF.COM(REDF) 9.58

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 03 August 2011

35.40 34.36 45.39 61.29 2.06 20.85

-0.11% -0.66% -1.89% -1.96% 0.00% -0.94% -0.24%

-1.00% -0.54% -0.40% -0.45% -0.58% -0.25%

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 02 August 2011

35.51 35.02 47.28 63.25 2.06 21.79

PATNICOMPUTERS(PTI) 14.70 REDIFF.COM(REDF) 10.67

This was posted under category: Indian ADRs, Recent Buzz

Indian Adrs, 01 August 2011

35.66 34.76 46.57 62.22 2.14 22.22

PATNICOMPUTERS(PTI) 14.47 REDIFF.COM(REDF) 9.91

LTP (In Rs.)

RDY HDB IBN INFY MTE MMYT

33.24 33.07 42.62 53.78 1.92 19.90

12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11

142650 831689 1900014 2314650 93438 251061

PTI REDF SIFY SLT TCL TTM WIT

12.54 8.95 4.63 11.94 9.09 18.21 10.45

12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11 12-Aug-11

24699 656648 977621 1968788 66764 2661030 400693

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