Analysis and Insights into the world of IPOs and investing in India

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Top 10 mistakes in stock markets

Here is a list of 10 mistakes you make that puts you in wealth destroyers' club

Homework you should do before selecting stocks

In these times of gloom, it becomes all the more important to do some research before you go around chasing that new IPO in the town. While we can’t ignore the robust returns that Coal Indias and Jubilant Foodworks of the world have generated, one has to look at the other side of the story as well. Many of following things apply to secondary market as well, though they are specially relevant in case of IPOs

Investing in IPOs? Some tips to help make choice better

The IPO market in India has become quite active in recent years. In a scenario where newer and newer companies are coming up with an IPO, it becomes really crucial to analyze the fundamentals and other factors of the IPO before jumping into the ship!

Friday, October 5, 2018

Impact of crude oil prices on oil companies

Companies like HPCL, BPCL, IOCL etc. comes under downstream sector of oil and gas industry while ONGC, OIL etc. comes under upstream sector.

Now let's understand what's the difference between upstream and downstream sector of oil and gas industry.

The oil and gas industry is usually divided into three major sectors: upstream, midstream and downstream.

The upstream oil sector is also commonly known as the exploration and production (E&P) sector. The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil and/or raw natural gas to the surface.

The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector reaches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals.

The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.The midstream sector may also include natural gas processing plants that purify the raw natural gas as well as removing and producing elemental sulfur and natural gas liquids (NGL) as finished end-products.

When we say the oil price goes up, we mean the prices of crude oil goes up. As the crude oil is the final product of the upstream companies (ONGC) which will now be sold at higher prices, the upstream companies will make profit but on the other side, for downstream companies (HPCL) , crude oil is a raw-material which now they will have to buy at higher price and their final selling products are various refined products like petrol, diesel etc. The prices of these refined products may not necessarily increase by the same proportion as of the crude oil. As a result, the downstream companies starts loosing money.


Tuesday, September 18, 2018

SEBI pushes to lower IPO Listing timeline to T+3 days

IndianIPOBlog has learnt that SEBI haa lowered IPO listing timeline to T+3 from current T+6

SEBI chairman Ajay Tyagi announced the decision in a press conference after a board meeting in Mumbai.

Currently, a company has to wait for six days after the closure of IPO to get listed on exchanges. The new regulation is expected to further bring down investors exposure to market volatility.

"We have been able to bring down the issue timing from T+12 to T+6 and I would like to mention that all of us have to start working now to further reduce the issue timing," Sebi chairman UK Sinha had said while addressing the annual capital market conference by Federation of Indian Chambers of Commerce and Industry in October 2016.

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IRCON IPO subscription at the end of Day 2

IRCON IPO subscription at the end of Day 2
Qib: 0.1x
NII: 0.19x
RII: 2.96x
Emp: 0.11x
Total: 1.02x

Application wise: 2.24x


IRCON International IPO subscription status update

IRCON International IPO subscription status update till Day 2 - Sep 18 - 1.30 PM

QIB: 0.01x
HNI: 0.07x
Retail: 1.64x
Employees: 0.06x
Overall: 0.56 times


Monday, September 17, 2018

Aavas Financiers IPO Detailed Info

*Aavas Financiers Limited IPO*

◆ Open Date: *Sep 25, 2018*

◆ Close Date: *Sep 27, 2018*

◆ Allotment Date: *Oct 03, 2018*

◆ Listing Date: *Oct 08, 2018*

◆ Face Value: Rs 10 Per Equity Share 

◆ Issue Price: *Rs 818/- to Rs 821/-* Per Equity Share

◆ Issue Size: 21,121,437 Equity Shares of Rs 10/- Aggregating up to Rs 1734.07 Cr

◆ Market Lot (Min Amount): *18 Shares (Rs 14,778/-)*
◆ Listing At: NSE, BSE

◆ Registrar: Link Intime India Private Limited

◆ Lead Manager: Citigroup Global Markets India Private Ltd, Edelweiss Capital Ltd, HDFC Bank Ltd, ICICI Securities Ltd, Spark Capital Advisor Private Ltd.

◆ EPS: *Rs 15.20/-*

◆ P/E Ratio: *54.01*

◆ RoNW: *8.46%*

◆ Net Asset Value (NAV): *Rs 157.03*

◆ Promoters: *Lake District Holdings Ltd & Partners Gorup ESCL Ltd*


Aavas Financiers IPO Details

Opens on: *25-Sept-2018*
Closes on: *27-Sept-2018*
Price Band: *₹ 818 to ₹ 821*
Bid Lot: *18 Equity Shares* & in Multiple thereafter
Issue Size : *₹ 1734 Crs at upper Band*
Face Value : ₹ 10/- per share
Team Edelweisspartners

Sunday, September 16, 2018

Aavas Financiers IPO opens from Sep 25

IPO opens on: Sep 25, 2018
IPO closes on: Sep 27, 2018
Price Band: (to be announced)
Bid Lot: (to be announced)


Friday, September 7, 2018

IRCON International IPO Dates and schedule

IRCON International Limited IPO Tentative details
◆ Open Date: *Sep 17, 2018*
◆ Close Date: *Sep 19, 2018*
◆ Expected Allotment Date: *Sep 26, 2018*
◆ Expected Listing Date: *Sep 28, 2018*
◆ Face Value: Rs 10 Per Equity Share 
◆ Issue Price: *Rs 470/- to Rs 475/-* Per Equity Share *(Rs 10/- discount for RII and Employees)*
◆ Issue Size: Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 Cr
◆ Market Lot (Min Amount): *30 Shares (Rs 14,250/-)*
 ◆ Listing At (Group): NSE, BSE (B - Group)
◆ Registrar: Karvy Computershare Private Limited
◆ Lead Manager: IDBI Capital Markets & Securities Limited, Axis Capital Limited, SBI Capital Markets Limited
◆ EPS: *Rs 42.13/-*
◆ P/E Ratio: *11.27*
◆ RoNW: *10.98%*
◆ Net Asset Value (NAV) - As on 31.12.17: *Rs 398.51*
◆ Promoters: *The President of India acting through Ministry of Railways*

Thursday, September 6, 2018

Top 10 Tax Saving Funds (ELSS Funds) by AUM

ELSS funds are an effective way of not only saving taxes but also ensuring participation in growth story of Indian markets. Given below are list of Top 10 ELSS 
Funds in India by AUM (Jun18)

The funds are listed in order of AUM and the order should not be seen as a recommendation or preference to any fund

We believe investment requires homework and some degree of research to find out which fund suits the investment needs. Find out which fund is best for your needs by using IndianIPOBlog MF Quick Invest.

Tell us a few things about you and we would get back to you with the fund best for your needs:


Wednesday, September 5, 2018

Angel Broking files DRHP for IPO

Angel Broking Limited, one of the largest independent full-service retail broking house in India in terms of active clients on NSE as of July 31, 2018 (Source: CRISIL Report) filed its DRHP with SEBI.

The Initial Public Offer (IPO) comprises of equity shares of face value of Rs. 10 each (“EquityShares”) of Angel Broking Limited (“Company”) aggregating up to Rs. 6,000.00 million. The IPO includes fresh issue aggregating up to Rs. 3,000.00 million (the “Fresh Issue”)and an offer for sale aggregating up to Rs. 208.35 million by Ashok D. Thakkar and equity shares aggregating up to Rs. 31.25 million by Sunita A. Magnani (together, the“Promoter Selling Shareholders”),equity shares aggregating up to Rs. 1,200.02 million by IFC (the“Investor Selling Shareholder”) and equity shares aggregating up to Rs. 1,560.38 million by the individual selling shareholders (together with the promoter selling shareholders and the investor selling shareholder, the “Selling Shareholders”) aggregating up to Rs. 3,000.00 million (the “Offer For Sale”)

The proceeds from the net issue will be utilized towards: (i). to meet working capital requirements (Rs. 2,300 million); and (ii) for general corporate purposes.

ICICI Securities Limited, Edelweiss Financial Services Limited and SBI Capital Markets Limited are the book running lead managers to the issue.

The equity shares will be listed on BSE and NSE.

About Angel Broking Limited

Angel Broking Limited (Angel) is one of the largest independent full-service retail broking house in India in terms of active clients on NSE as of July 31, 2018 (Source: CRISIL Report). Angel is a technology led financial services company, that provides broking and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL) and financialproducts distribution to clients under the brand “Angel Broking”. Angel’s broking services are offered through (i) online and digital platforms, and (ii) network of more than 11,000 sub-brokers, as of June 30, 2018. They have more than 850,000 downloads ofAngel Broking mobile app and more than 450,000 downloads of Angel BEE app as of June 30, 2018, which enables their clients to avail services digitally. Through network of sub-brokers and over 110 branches, Angel have a pan-India presence across 1,800 cities and towns, as of June 30, 2018. As at June 30, 2018, Company managed Rs. 113,023.06 million in client assets and over 1.11 million active broking accounts.

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IndianIPOBlog MF: Too many schemes in Mutual Funds do not necessarily mean diversification

Diversification: The word that most investing schools and experts would tell you for mitigating market risks. However, it has to be understood that diversification in mutual funds is different from that in stocks

In general, diversifying your portfolio is always a good idea. This does not however mean, that there is need to add many funds into the portfolio. One large-cap fund is sufficient in any portfolio, and even an index-tracking fund would be an added buffer. However, abruptly selected funds will keep your portfolio as a high-risk portfolio with sporadically selected funds. 

Thematic funds for instance, need care and understanding of time of entry and exit along with active tracking. Most investors do not have either of these and still choose to opt for thematic funds consequently resulting in meagre returns

Many investors have this notion in mind that if they own all types of mutual funds in their portfolio, then diversification is achieved and risk will be mitigated. What happens in these types of portfolios is that effectively your capital is so dispersed that any significantly market beating returns in one or two good funds are offset by muted returns in other funds in your basket, and the end result is that you do not get effective return on the overall portfolio

Although the composition of your portfolio would depend on a lot of factors like risk appetite, aggression as well as your age, diversification needs to be smart and dynamic when it comes to mutual funds and not necessarily mean owning many funds

Tell us your investment needs and we'd select best funds for you with one click payment links. Fill up IndianIPOBlog MF QuickInvest for more


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