2017 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Tuesday, December 19, 2017

Astron Paper IPO receives warm response, closes tomorrow

December 19, 2017 0
Astron Paper IPO receives warm response, closes tomorrow
Astron Paper & Board Mill Ltd, an Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard, has been subscribed 12.39 times on an overall basis till Day 3 of its opening. The IPO which closes for subscription tomorrow on Dec 20, 2017, has been offered in price band of Rs.45/- to Rs.50/- per share






The detailed subscription status till Dec 19, 2017 is given below :

QIB: 5.74 times
HNI: 1.15 times
Retail: 33.57 times
Employees: 1.59 times
Overall: 12.39 times

Sunday, December 17, 2017

Astron Paper IPO - Bidding Status till Day 1, Dec 15, 2017

December 17, 2017 0
Astron Paper IPO - Bidding Status till Day 1, Dec 15, 2017

Astron Paper IPO - Objects to the issue

December 17, 2017 0
Astron Paper IPO - Objects to the issue
Astron Paper intends to utilize the net proceeds from this public issue towards the following objects:
1. Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper,
2. Part repayment of unsecured loan,
3. Funding the working capital requirements and
4. General corporate purposes.

Astron Paper and Board Mill IPO Details

December 17, 2017 0
Astron Paper and Board Mill IPO Details
IPO opens on: Dec 15, 2017
IPO closes on: Dec 20, 2017
Issue Size: 14,000,000 Equity Shares of Rs.10/- each
Price Band: Rs.45 to Rs.50 per equity share
Bid Lot: 280 Equity shares and in multiples thereof
Listing at: BSE and NSE

Wednesday, November 29, 2017

Shalby Limited IPO Price Band and Minimum Amount

November 29, 2017 0
Shalby Limited IPO Price Band and Minimum Amount
The price band for the upcoming IPO of Shalby Limited is fixed at Rs.245/- to Rs.248/- per equity share with minimum bid lot of 60 equity shares and in multiples thereof. Thus, the minimum order value or minimum investment amount would be Rs.14,880/-

Shalby Limited is Ahmedabad, Gujrat based one of the leading multi-specialty chain of hospitals in India. Company provides inpatient and outpatient healthcare services through 8 fully operational hospitals with an aggregate operational bed count of 781 beds. Company also provides outpatient consultative healthcare services through 3 hospitals and 68 Outpatient Clinics. Company has 8 shared surgery centers within third party hospitals.

Shalby hospitals are well known for its orthopaedic services. Shalby Hospital had a 15% market share of all joint replacement surgeries conducted by private corporate hospitals in India in 2016. Apart from a focus on orthopaedics, Shalby hospitals provide advanced levels of care across various specialties such as neurology, cardiac care, critical care, oncology, and nephrology

Monday, November 27, 2017

Shalby IPO Details

November 27, 2017 0
Shalby IPO Details

Wednesday, November 22, 2017

Bharat 22 ETF Allotment date announced

November 22, 2017 0
Bharat 22 ETF Allotment date announced

Bharat 22 ETF - List of stocks and composition

November 22, 2017 0
Bharat 22 ETF - List of stocks and composition

Bharat 22 ETF Portfolio composition

ITC = 15.20%
State Bank of India = 8.60%
Power Grid = 7.90%
Axis Bank = 7.70%
NTPC = 6.70%
ONGC = 5.30%
Indian Oil Corp. = 4.40%
Bharat Petroleum = 4.40%
NALCO = 4.40%
Coal India = 3.30%
Bharat Electronics = 3.30%
Engineers India = 1.50%
Bank of Baroda = 1.40%
REC = 1.30%
NHPC = 1.20%
Power Finance = 1%
NBCC = 0.60%
NLC India = 0.30%
Indian Bank = 0.20%
SJVN = 0.20%

Wipro Buyback Offer Letter

November 22, 2017 0
Wipro Buyback Offer Letter

Wipro offer letter

20.21. Procedure to be followed by Equity Shareholders holding Equity Shares in the dematerialised form

20.21.1. Eligible Shareholders who desire to tender their Equity Shares in the electronic form
under Buyback would have to do so through their respective Stock Broker by indicating to
their Stock Broker the details of Equity Shares they intend to tender under the Buyback.

20.21.2. The Stock Broker would be required to place an order/ bid on behalf of the Eligible Shareholders who wish to tender Equity Shares in the Buyback using the acquisition window of the Stock Exchanges. Before placing the bid, the Eligible Shareholder would be required to transfer the tendered Equity Shares to the special account of the Indian Clearing Corporation Limited or the National Securities Clearing Corporation Limited, as applicable, by using the early pay in mechanism of the Depository prior to placing the order/ bid on the platform of the Stock Exchanges by the Stock Broker.

For further details,
Eligible Shareholders may refer to the circulars issued by the Stock Exchange/ Clearing Corporation.

20.21.3. The details of the settlement number of the special account of the Clearing Corporation under which the Equity Shares are to be transferred in the account of Clearing Corporation for the Buyback will be provided in a separate circular to be issued by the Clearing Corporation.

20.21.4. For custodian participant orders for demat Equity Shares early pay-in is mandatory prior to confirmation of order/bid by custodian. The custodian shall either confirm or reject the orders not later than the closing of trading hours (i.e., 3:30 p.m.) on the last day of the
Tendering Period (i.e., the Buyback Closing Date). Thereafter, all unconfirmed orders shall be deemed to be rejected.

For all confirmed custodian participant orders, order modification shall revoke the custodian confirmation and the revised order shall be sent to the custodian again for confirmation.

20.21.5. Upon placing the bid, the Stock Broker shall provide a TRS generated by the exchange bidding system to the Eligible Shareholder. TRS will contain the details of order submitted like bid ID number, application number, DP ID, client ID, number of Equity Shares
tendered, etc.

20.21.6. Eligible Shareholders shall also provide all relevant documents, which are necessary to ensure transferability of the Equity Shares in respect of the Tender Form to be sent. Such documents may include (but not be limited to):

20.21.6.1 Duly attested power of attorney, if any person other than the Eligible Shareholder has signed the Tender Form;

20.21.6.2 Duly attested death certificate and succession certificate/ legal heirship certificate, in case any Eligible Shareholder has expired; and

20.21.6.3 In case of companies, the necessary certified corporate authorizations (including board
and/or general meeting resolutions).

20.21.7. IN CASE OF DEMAT EQUITY SHARES, SUBMISSION OF TENDER FORM AND TRS IS NOT REQUIRED. After the receipt of the demat Equity Shares by the Clearing Corporation and a valid bid in the exchange bidding system, the Eligible Shareholders holding Equity Shares in demat form have successfully tendered the Equity Shares in the Buyback.

20.21.8. The cumulative quantity tendered shall be made available on the website of the Stock Exchanges throughout the trading sessions and will be updated at specific intervals during the Tendering Period.

20.21.9. The Eligible Shareholders will have to ensure that they keep the DP account active and unblocked to receive credit in case of return of Equity Shares due to rejection or due to prorated Buyback decided by the Company.

Further, Eligible Shareholders will have to
ensure that they keep the savings bank account attached with the DP account active and updated to receive credit remittance due to Acceptance of Buyback of shares by the company

Tuesday, November 21, 2017

Bharat22 Expected Allotment Price and Listing Date

November 21, 2017 0
Bharat22 Expected Allotment Price and Listing Date

HDFC Standard Life zooms within 3 days post listing

November 21, 2017 0
HDFC Standard Life zooms within 3 days post listing
Shares prices of HDFC Standard Life have zoomed nearly 50% from its IPO price in just three days of listing on the stock market. HDFC Standard Life Insurance Company had raised about Rs 8,700 crore from its public offer

The stock of HDFC Life had jumped 44.44% to the record high of Rs 418.9 from the issue price of Rs 290 after opening little higher at Rs 356.4 on NSE today. On the first day of trading, followed by massive listing gains and a very high demand for HDFC Standard Life shares, the scrip emerged as the volume topper on both BSE and NSE. The stock was trading up 29.05% at Rs 384.4 on NSE today.

Wednesday, November 15, 2017

HDFC Standard Life IPO Allotment Status declared

November 15, 2017 0
HDFC Standard Life IPO Allotment Status declared

HDFC Standard Life Allotment status expected soon

November 15, 2017 0
HDFC Standard Life Allotment status expected soon

HDFC Standard Life Insurance Co. Ltd. IPO basis of allotment has been approved by Exchanges. The allotment status is expected to be declared soon

Check back here for more on HDFC Standard Life IPO Allotment status

HDFC Standard Life IPO Final Subscription:

Retail: 0.8169x
HNI: 1.8731x

Listing Date:  Friday 17-Nov-2017 (Subject to exchange approval)

Wednesday, November 8, 2017

HDFC Standard Life IPO Bidding status on Day 2

November 08, 2017 0
HDFC Standard Life IPO Bidding status on Day 2

Thursday, November 2, 2017

Thursday, October 26, 2017

HDFC Standard Life IPO - Price Band and Bid Lot

October 26, 2017 0
HDFC Standard Life IPO - Price Band and Bid Lot

Wednesday, October 25, 2017

New India Assurance IPO Price Band and Retail Discount

October 25, 2017 0
New India Assurance IPO Price Band and Retail Discount

IPO opens on: Nov 1, 2017
IPO closes on: Nov 3, 2017
Price Band: Rs. 770 to Rs. 800 per share
Retail Discount & Employee Discount - Rs. 30 per share
Bid Lot – 18 shares
Application Amount - ₹13,860
Listing on: BSE, NSE

Tuesday, October 24, 2017

New India Assurance (NIA) Rs.10000 Crore IPO hitting streets soon

October 24, 2017 0
New India Assurance (NIA) Rs.10000 Crore IPO hitting streets soon
New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs10,000 crore initial public offering (IPO) in the first week of November 2017

The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India. The company was nationalized by the GoI on January 1, 1974. The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.

NIA offers insurance in categories including fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products. 

NIA is the market leadership in the general insurance industry in India across the segments except crop insurance.

New India Assurance is rated A-(Excellent) by AM Best Company since 2007 and have been rated AAA/Stable by CRISIL since 2014

The face value of equity shares offered would be Rs.5 per share

Mahindra Logistics IPO Details

October 24, 2017 0
Mahindra Logistics IPO Details

Issue opens on: 31 Oct 2017
Issue closes on: 2 Nov 2017
Issue Size: 1,93,32,346 Equity Shares
Face Value: Rs. 10 per Equity Share
Price Band: Rs.425 to Rs.429 per equity share
Market Lot: 34 shares
Listing At: NSE, BSE

Monday, October 23, 2017

Reliance Nippon Life AMC IPO opens on October 25

October 23, 2017 0
Reliance Nippon Life AMC IPO opens on October 25
Reliance Nippon Life Asset Management Ltd is coming up with an IPO of equity shares which will hit the streets soon

Reliance Nippon Life is asset management company having market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India.

The objects for which the Company intends to use the Net Proceeds are as follows:
1. Setting up new branches and relocating certain existing branches;
2. Upgrading the IT system;
3. Advertising, marketing and brand building activities;
4. Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes
managed by Reliance AIF;
5. Investing towards our continuing interest in new mutual fund schemes managed by us;
6. Funding inorganic growth and other strategic initiatives; and
7. Meeting expenses towards general corporate purposes

The IPO would remain open between Oct 25 and Oct 27, 2017. Stay tuned for more on Reliance Nippon Life IPO

Thursday, October 19, 2017

Mahindra Logistics IPO Details

October 19, 2017 0
Mahindra Logistics IPO Details

Mahindra Logistics IPO Details
IPO Opens on: 31-October-2017
IPO Closes on: 02-November-2017
IPO Size: Approx Rs. 701 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 355 to Rs. 363 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 1,93,32,346 Shares
Bid Lot: 41 Shares (Minimum Lot Size)
Amount: Rs. 14,883
Registrar: Link Intime India Private Limited

Monday, October 16, 2017

HDFC Life IPO gets green signal

October 16, 2017 0
HDFC Life IPO gets green signal
HDFC Standard Life Insurance Company has received capital markets regulator Securities and Exchange Board of India (SEBI)'s go ahead to raise an estimated Rs 7,500 crore through an initial public offering.

The insurance firm had filed draft papers with SEBI in August and obtained its "observations" on October 13, which is very necessary for any company to launch public offer

The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 percent stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 percent, holding by Standard Life Mauritius, according to the draft red herring prospectus (DRHP) filed with SEBI

Currently, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent, while the remaining is with employees and PremjiInvest.

Saturday, October 14, 2017

MAS Financial IPO Allotment status declared

October 14, 2017 0
MAS Financial IPO Allotment status declared

Monday, October 9, 2017

Infosys Buyback Date

October 09, 2017 0
Infosys Buyback Date

The buyback date for Infosys Limited is fixed as November 1, 2017

Thus the shareholders holding equity shares of Infosys Limited as on the saod record date would be eligible to participate in the offer

Infosys had earlier announced plans for buyback of equity shares at Rs.1150 a piece

Stay tuned to Indian IPO Blog for latest updates on Infosys Buyback offer

MAS Financial Services IPO subscribed 4.8 times till Day 2

October 09, 2017 0
MAS Financial Services IPO subscribed 4.8 times till Day 2

The IPO of MAS Financial Services has been subscribed 4.81 times till Day 2 of subscription. The equity shares under the IPO are offered in a price band of Rs.456/- to Rs.459/- per equity share with a bid lot of 32 equity shares and in multiples thereof

MAS Financial is a Gujarat-headquartered non-banking financial company (NBFC) with more than two decades of business operations and presence across six states and the National Capital Region centres on Delhi.

MAS Financial Services is a NBFC (Non-Banking Financial Company). Company operates across six States and in Delhi through 119 branches. As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customer

Indian Energy Exchange IPO - Bidding Status on Day 1

October 09, 2017 0
Indian Energy Exchange IPO - Bidding Status on Day 1

General Insurance Corporation (GIC) of India IPO Details

October 09, 2017 0
General Insurance Corporation (GIC) of India IPO Details
Issue opens on: Oct 11, 2017
Issue closes on: Oct 13, 2017
Issue Size: 124,700,000 Equity shares of Rs.5/- per share
Price Band: Rs.855 to Rs.912 per equity share
Bid Lot: 16 Equity shares and in multiples thereof
Listing on: BSE, NSE

Sunday, October 8, 2017

Pearls of Financial Wisdom

October 08, 2017 0
Pearls of Financial Wisdom

Pearls of Financial Wisdom

1) Bonds are for storing wealth and equities are for creation of wealth.

2) In my opinion, *the biggest asset one can have is zero debt*.

3) *The greatest discipline in personal finance is living below your means*.

4) As Ben Carlson says, emotions cannot be back tested. That’s why past bear market always looks like opportunities and future ones scary.

5) Early financial independence and early retirement are completely different. To me, the former is a blessing and the latter is a curse.

6) Don’t think how it would have been if you’ve started 10 years ago. Start today and visualise how you would feel 10 years from now.

7) The neighbourhood we live determines our life style & spending. Need to be careful in choosing one which matches our goals and personality.

8) Paying minimum balance regularly on credit card is the maximum sign that you’re getting into debt trap.

9) Many are long term investors till next bear market.

10) *Don’t take aggressive bets. Take measured risk*. Remember one blunder can push you back by a decade or more in terms of wealth.

11) *Big money can be made through high savings, wise investing and lots of patience*.

12) One sign of progress in individual investor’s portfolio is no churn or very less churn.

13) *Trying to get rich fast is a foolproof way to lose what we have*.

14) *Losing opportunities is far better than losing money. Don’t invest in fads*.

15) ‘Making as much money as quickly as possible’ is not an investment strategy. Unfortunately for most of us that is the strategy.

16) Aggressive strategy cannot be a substitute for high savings. *Save high and take moderate risk than saving less and taking high risk*.

17) *The day we realise not losing is as important as winning; we would stop blindly chasing returns*.

18) Good periods are more than bad periods. By *not timing*, though we go through bad periods, do not miss even a single good period.

19) We’ll stop looking for quick money the moment we consider stocks as businesses and realise that our wealth grows in line with business growth.

20) *There are periods of high returns, low returns, no returns and negative returns. We need to go through all these to get long term returns*.

21) *Listening to market forecasts is not only useless but can be very harmful too* if you start acting on them.

22) *The hard truth is only around 3% of our population are in a position to aspire for financial independence. Don’t waste this rare privilege*.

Wednesday, September 27, 2017

SBI Life Insurance IPO Allotment Status expected

September 27, 2017 0
SBI Life Insurance IPO Allotment Status expected

Saturday, September 23, 2017

ICICI Lombard IPO Allotment Status declared

September 23, 2017 0
ICICI Lombard IPO Allotment Status declared

Thursday, September 21, 2017

Capacite's Infraprojects IPO Allotment status declared

September 21, 2017 0
Capacite's Infraprojects IPO Allotment status declared

Capacite Infraprojects IPO Allotment Status update

September 21, 2017 0
Capacite Infraprojects IPO Allotment Status update

With respect to IPO Allotment Status for Capacite's Infraprojects Limited IPO, some banks have started debiting / releasing funds blocked under ASBA.

The allotment status has not been declared as yet on the registrar's website. Stay tuned to Indian IPO Blog and Indian IPO Blog Whatsapp groups for latest updates on Capacite's Infraprojects IPO Allotment status

Capacite Infraprojects IPO Allotment Status

September 21, 2017 0
Capacite Infraprojects IPO Allotment Status

Capacite Infraprojects IPO - Basis of allotment

September 21, 2017 0
Capacite Infraprojects IPO - Basis of allotment

Tuesday, September 19, 2017

ICICI Lombard IPO Final Subscription status

September 19, 2017 0
ICICI Lombard IPO Final Subscription status

SBI Life's multi million dollar IPO to open from tomorrow Sep 20

September 19, 2017 0
SBI Life's multi million dollar IPO to open from tomorrow Sep 20

SBI Life Insurance is all set to launch its mega IPO and raise as much as 0.8 billion dollars. The IPO would remain open between Sep 20, 2017 and Sep 22, 2017

SBI Life Insurance is a joint venture between the State Bank and BNPPC.

State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally.

BNP Paribas is in top 10 global financial institution in terms of revenue.
SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.

Click here for Price Band, Bid Lot and other details of SBI Life Insurance IPO

SBI Life Insurance IPO Details

September 19, 2017 0
SBI Life Insurance IPO Details

Issue opens on: Sep 20, 2017
Issue closes on: Sep 20, 2017
Issue Size: 120,000,000 Equity Shares of Rs 10 aggregating up to Rs 8,400.00 Cr 
Face Value: Rs 10 Per Equity Share 
Price Band: Rs.685 to Rs.700 per equity share
Bid Lot: 21 Equity Shares and in multiples thereof
Listing At: BSE, NSE

ICICI Lombard IPO Subscription status as on Day 3 - 3.10 pm

September 19, 2017 0
ICICI Lombard IPO Subscription status as on Day 3 - 3.10 pm

Bharat Matrimony IPO Allotment status declared

September 19, 2017 0
Bharat Matrimony IPO Allotment status declared

Friday, September 15, 2017

ICICI Lombard IPO - Subscription status on Day 1

September 15, 2017 0
ICICI Lombard IPO - Subscription status on Day 1

Capacite Infraprojects IPO Final subscription status

September 15, 2017 0
Capacite Infraprojects IPO Final subscription status

ICICI Lombard IPO Review

September 15, 2017 0
ICICI Lombard IPO Review

Brief company profile

ICICI Lombard General Insurance Company Limited is one of the leading private sector general insurance companies in India. It is engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI bank had 64% stake in the venture while Fairfax had 35% in the joint venture. ICICI Lombard General Insurance is the largest private sector general insurance company in India. 

The company markets assurance products including Car Insurance, Health Insurance, International Travel Insurance, Overseas Student Travel Insurance, Two Wheeler Insurance, Home Insurance and Weather insurance. ICICI Lombard has 249 branches spread across the nation


Company and Industry propsects

India's non-life insurance sector grew at an annualised rate of 14.5% between FY11 and FY16, the second fastest among Asian countries. Despite this, the market penetration was poor ­with policy premium was 0.8% of GDP in 2016. 

The company being the market leader in the industry, has huge potential in terms of growth in long run if efficiently expanded.

The company has delivered a strong growth in GDPI and has been successfully maintaining its leadership position amongst the private sector non-life insurers through various cycles of industry evolution


Financials and Valuation

The company's Gross Written Premium (GWP) was Rs.109.60 billion in fiscal 2017. The company maintained its market leadership in the private sector with an overall market share of 8.4%. It witnessed an increase in policy volumes by 12.21% from 15.80 million in fiscal 2016 to 17.73 million in fiscal 2017.

ICICI General’s profit before tax increased from Rs 7.08 billion in fiscal 2016 to Rs 9.10 billion in fiscal 2017. ICICI General’s profit after tax increased from Rs.5.07 billion in fiscal 2016 to Rs.7.02 billion in fiscal 2017

The company has impressive track with ROE with the same being in excess of 17 percent
While the figures are impressive in terms of performance, yet it would be worthwhile to check what kind of pricing is the company demanding. At the upper end of price band, the company is demanding a price of 46.5 times the earnings per share as on Mar 2017. There is no listed comparable peer for the company

It is also pertinent to note that Fairfax Financial Holdings sold 12.2 per cent of its stake in the company to certain private equity firms in the month of May 2017 for Rs 2,470 crore, thereby valuing the firm to around Rs. 20,000 crore. At a higher price band of Rs.661, the IPO is demanding a market cap of Rs 30,000 crore which again implies steep valuations


Synopsis

While the company prospects appear promising considering the penetration and industry potential, the price at which the company is offering shares is clearly steep. The company is demanding a PE of 46.5 times.

With no comparable listed peer, price benchmarking becomes highly blurred. The only far-away comparable turns out to be its own group company (ICICI Prudential Life) which is trading at around 36 times its EPS.

Taking into view the market leading position of the company, the immense potential of the sector and strong trend of elevated ROE, the IPO may turn out to be a good long term bet. And while considering the high liquidity environment prevalent currently, decent listing gain also appears comfortably plausible. However, investors may need to be ready with necessary patience levels and loyalty towards the stock in case things turn turbulent in the short run

Listing Dates of IPOs in Sep 2017

September 15, 2017 0
Listing Dates of IPOs in Sep 2017

Listing Dates (Tentative)
IPOs in September 2017

👉Dixon Technologies IPO - 18/9/17

👉Bharat Road Networks IPO - 18/9/17

👉Matrimony IPO - 21/9/17

👉Capacite Infraprojects IPO - 25/9/17

👉ICICI Lombard IPO - 27/9/17

👉SBI Life IPO - 3/10/17

Thursday, September 14, 2017

Dividend declared - Will you get dividend - What is Ex Dividend date?

September 14, 2017 0
Dividend declared - Will you get dividend - What is Ex Dividend date?

To determine whether you should get a dividend, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend.

To sum it up hence, if you purchase before the ex-dividend date, you get the dividend.

Capacit'e Infraprojects IPO subscribed 4.62 times till Day 2

September 14, 2017 0
Capacit'e Infraprojects IPO subscribed 4.62 times till Day 2
Capacit'e Infraprojects IPO, a construction company focused on Residential, Commercial and Institutional buildings in metro cities across India, has received good response from the investors with the IPO getting bid 4.62 times on overall basis till Day 2

The IPO which closes for subscription on Sep 15, 2017, has received 5.96 times oversubscription in Retail category. The QIB category is subscribed 5.53 times while the HNI category is bid 0.28 times

Capacit'e Infra primarily operates in Mumbai, NCR and Bangaluru. The list of clients include Lodha Group, Rustomjee, Godrej Properties Limited, Prestige Estates and Oberoi Constructions. Capacit'e has 51 ongoing projects. The order book consist of 96% residential, 3% commercial and 1% institutional projects


Dixon Technologies IPO Allotment status declared

September 14, 2017 0
Dixon Technologies IPO Allotment status declared

Dixon Technologies IPO - Basis of Allotment

September 14, 2017 0
Dixon Technologies IPO - Basis of Allotment

Capacite Infraprojects IPO - Subscription status as on Day 2 - 2.20 pm

September 14, 2017 0
Capacite Infraprojects IPO - Subscription status as on Day 2 - 2.20 pm

Wednesday, September 13, 2017

SBI Life Insurance IPO opens from Sep 20, 2017, aims to raise Rs.70000 crores

September 13, 2017 0
SBI Life Insurance IPO opens from Sep 20, 2017, aims to raise Rs.70000 crores

SBI Life Insurance Company Limited, private life insurer, promoted by State Bank of India, is coming up with an IPO of equity shares which is going to hit the streets soon. SBI Life Insurance is a joint venture between the State Bank and BNPPC.

State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue

SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.

The insurer has priced its shares in a range of Rs.685 to Rs.700 a share. At the upper end of this price band, the initial share sale values the firm at Rs.70,000 crore. This is significantly higher than its Rs.46,000 crore valuation in December, when the insurer sold a 3.9% stake to investors KKR and Co. Lp and Temasek Holdings Pte Ltd for around Rs.1,794 crore

The IPO would be open for subscription between Sep 20, 2017 and Sep 22, 2017 and minimum bid lot would be of 21 Equity shares and in multiples thereof

Matrimony.com IPO - Final Subscription Status

September 13, 2017 0
Matrimony.com IPO - Final Subscription Status

ICICI Lombard IPO - Download Red Herring Prospectus (RHP)

September 13, 2017 0
ICICI Lombard IPO - Download Red Herring Prospectus (RHP)

Capacite Infra IPO - Download Red Herring Prospectus

September 13, 2017 0
Capacite Infra IPO - Download Red Herring Prospectus

Capacite Infra IPO - Subscription Status on Day 1

September 13, 2017 0
Capacite Infra IPO - Subscription Status on Day 1

Capacite Infra IPO Details

September 13, 2017 0
Capacite Infra IPO Details
Issue opens on: Sep 13, 2017
Issue closes on: Sep 15, 2017
Face Value: Rs 10 Per Equity Share
Price Band: Rs.245 to Rs.250 per equity share
Bid Lot: 60 Equity shares and in multiples thereof
Listing at: BSE, NSE

SBI Life Insurance IPO - Price Band and details

September 13, 2017 0
SBI Life Insurance IPO - Price Band and details
Issue opens on: Sep 20, 2017
Issue closes on: Sep 22, 2017
Issue Size: 120,000,000 Equity Shares of Rs.10
Face Value: Rs.10 per equity share
Price Band: Rs.685 to Rs.700 per equity share
Bid Lot: 21 Equity shares
Listing at: BSE, NSE

ICICI Lombard IPO - Objects to the Issue

September 13, 2017 0
ICICI Lombard IPO - Objects to the Issue
The objects of the offer are:

1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges;
2. To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders; and
3. Enhance the “ICICI Lombard” brand name and provide liquidity to the existing shareholders

Dixon Technologies IPO Allotment Status expected soon

September 13, 2017 0
Dixon Technologies IPO Allotment Status expected soon

Tuesday, September 12, 2017

SBI Life IPO Details

September 12, 2017 0
SBI Life IPO Details

SBI Life IPO Dates & Price Band
IPO Open: 20-September-2017
IPO Close: 22-September-2017
IPO Size: Approx Rs. 6500-7000 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 685 to 700 Per Share
Listing on: BSE & NSE
Equity Shares: 120,000,000
SBI Life IPO Market Lot:
Shares: Apply for 21 Shares (Minimum Lot Size)
Amount: Rs. 14700

Dixon Technologies IPO Allotment and Listing schedule (Tentative)

September 12, 2017 0
Dixon Technologies IPO Allotment and Listing schedule (Tentative)

Finalisation of Basis of Allotment: Around Sep 13, 2017
Initiation of refunds: Around Sep 14, 2017
Credit of Equity Shares to demat accounts: Around Sep 15, 2017
Listing: Around Sep 18, 2017

Friday, September 8, 2017

Dixon Technologies IPO subscription blasts its way up

September 08, 2017 0
Dixon Technologies IPO subscription blasts its way up

The subscription level for Dixon Technologies IPO have rocketed its way with the IPO getting overbid more than 117 times as per data available till 5.45 pm on the closing day of the issue

The IPO has been subscribed by a hefty 135 times in the QIB category while the HNI category has received heavy numbers with the category getting overbid by atleast 345 times. The retail category has been oversubscribed by upwards of close to 9 times the portion reserved

Stay tuned to Indian IPO Blog or join our Whatsapp groups to stay updated on latest news, views and comments about IPOs in Indian stock markets

Dixon Technologies IPO subscription status update till Day 3 - 2.30 pm

September 08, 2017 0
Dixon Technologies IPO subscription status update till Day 3 - 2.30 pm

Thursday, September 7, 2017

ICICI Lombard IPO opens from Sep 15

September 07, 2017 0
ICICI Lombard IPO opens from Sep 15
ICICI Lombard General Insurance Company Limited is one of the leading private sector general insurance companies in India. It is engaged in general insurance, reinsurance, insurance claims management and investment management

ICICI Lombard is coming up with an IPO of equity shares which would open for subscription from September 15, 2017. The IPO would remain for open till September 19, 2017

The price band for the IPO is fixed at Rs.651 to Rs.661 per equity share

Stay tuned to Indian IPO Blog for more on ICICI Lombard General Insurance Company IPO!

Upcoming IPOs dates - September 2017

September 07, 2017 0
Upcoming IPOs dates - September 2017
Bharat Road Network IPO
Issue Open On: 6/9/17
Issue Close On: 8/9/17
Price Band: Rs. 195-205
Bid Lot Size - 73
Allotment - 14/9
DP Credit - 15/9
Listing -  18/9
Registrar- Karvy

Dixon Technologies IPO
Open 6/9 to 8/9
Prise - 1760 to 1766
Bid Lot  - 8 share
Allotment- 13/9
DP credit - 15/9
Listing - 18/9
Registrar- Karvy

Matrimony.com IPO
Open - 11/9 to 13/9
Prise - 983 to 985
Retail Disc Rs. 98/- (887)
Allotment - 19/9
DP credit - 20/9
Listing - 21/9
Registrar - Karvy

CAPACIT'S Infraprojects IPO
Open - 13/9 to 15/9
Prise - 245 to 250
Bid Lot - 60 share
Allotment- 21/9
DP credit - 22/9
Listing - 25/9

Dixon Technology IPO subscription figures as on Day 2 - 5 PM

September 07, 2017 0
Dixon Technology IPO subscription figures as on Day 2 - 5 PM

Wednesday, September 6, 2017

Dixon Technologies IPO - Is it worth subscribing?

September 06, 2017 0
Dixon Technologies IPO - Is it worth subscribing?
The rather steeply valued IPO of Dixon Technologies is open for subscription between Sep 6, 2017 and Sep 8, 2017

The IPO received welcoming carpet reception from QIBs on Day 1 with the category getting subscribed 1.78 times. If the category gets accelerated response on Day 2 as well, Retail and HNI investors are sure to follow the suit aggressively

Valuationwise though is the IPO worth? Here's a perspective...

With a price Band of Rs.1760 to Rs.1766, the PE ratio on the upper band is 41.42 times and there are no listed peers to compare as per RHP. However, if we look for cursory forced peers, Havells sits at PE of 56.83 and V Guard trades at 61.23. Comparatively, Dixon looks relatively humble

The company has shown a good growth in terms of consolidated Revenue 33.8% in the past 5 years and a respectable  growth in terms of Profit after tax.

The proceeds are intended to be used for the expansion which is also calming to ears.

All said and done and also taking into account quasi Euphoria in IPO markets, it may be worthwhile to go for Dixon for Long Term if not as a listing gain earner

Dixon Technologies IPO - Download Red Herring Prospectus (RHP)

September 06, 2017 0
Dixon Technologies IPO - Download Red Herring Prospectus (RHP)

Dixon Technologies IPO Subscription status on Day 1

September 06, 2017 0
Dixon Technologies IPO Subscription status on Day 1

Dixon Technologies (India) IPO - Company profile

September 06, 2017 0
Dixon Technologies (India) IPO - Company profile

Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets. The product portfolio of Dixon include:

1. Consumer electronics like LED TVs
2. Home appliances like washing machines
3. Lighting products like LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones

Company also provide repair and refurbishment services of set top boxes, mobile phones and LED TV panels.

Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.

Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contributes around 25% of its revenue.

Stay tuned to Indian IPO Blog for more

Monday, September 4, 2017

Matrimony.com (Bharat Matrimony) IPO Price Band and details

September 04, 2017 0
Matrimony.com (Bharat Matrimony) IPO Price Band and details

Thursday, August 31, 2017

Monday, August 21, 2017

Infosys : When the elephants fight, the grass gets the wounds!

August 21, 2017 0
Infosys : When the elephants fight, the grass gets the wounds!
- By Yash Ved

Unless you live under a rock, you sure as hell would have had to bear the echos of the battle of giants within Infosys' boardroom

For those who like gossips, here's what happened: Infosys CEO Vishal Sikka says enough is enough and decides to quit the company and with this: all hell breaks loose. The company’s board puts the blame squarely on the company’s founder N.R. Narayana Murthy, saying his relentless rhetoric is the primary reason behind the abrupt exit.

With Infosys' first non-founder CEO resigning and the dirty laundry of the spat between the board and Murthy coming out in the open, the stock slipped from its high to 13 per cent down in intra day trade to touch its multi-year low of Rs 884.20 this Friday though closing in at Rs.924

In a bid to counter the overflow of negative sentiments, the board announces buyback of Rs.13000 crores at Rs.1150 a piece. Does it or would it work? Well, that's upto future but the stock bleeds away another 5 percent on Monday and reaches Rs.873 levels!

But wait! Hold on a moment! Who gained amidst all this? Apparently: no one! The situation clearly all sounds synonymous to that good old saying that when the elephants fight, the grass gets hurt!

Whether it was the tension between Sikka and Murthy or the spat between the Board and the founder, one can do as much root cause analysis of it as one wants but the fact remains that the 'discliplined investor' who trusted the name and bought shares at Rs.1k levels like a good boy is the one that has really had to bleed red! 

With such hard earned money of thousands at stake, it is high time that good sense prevails over ego and both Infosys board and Murthy do what they need to and that is stop being kiddish and work on providing some well deserved and credible confidence to the investors!


Disclosure: Views expressed are personal. The writers may hold position in the stocks discussed in above article

Apex Frozen Foods IPO opens on Aug 21

August 21, 2017 0
Apex Frozen Foods IPO opens on Aug 21

Apex Frozen Foods Ltd. is coming with an IPO comprising of fresh issue of shares and offer for sale (OFS) to raise around Rs 148.77 to Rs.152.25 crore.

The company is going to raise between Rs.123.97 to Rs.126.87 crore by issuing 72,50,000 shares

While under OFS, promoters will offer 14,50,000 equity shares with face value of Rs 10 per share. The lot size consists of minimum of 80 shares

The issue will remain open from August 22 to August 24, 2017 with price band of Rs.171 to Rs.175 per share. The company will be listed on both BSE and NSE

Friday, August 11, 2017

Cochin Shipyard speedboats in sea at jet speed, up 20 percent on debut

August 11, 2017 0
Cochin Shipyard speedboats in sea at jet speed, up 20 percent on debut

The equity shares of Cochin Shipyard powerboated upon listing with the shares listing at 20 percent premium over issue price

The scrip took gear changing time to take off the shores with the listing at mere Rs.3 above the issue price before speed boating to 20 percent up at Rs.522 as against issue price of Rs.432 a piece. The stock was trading at Rs.512.40 at 10.26 am

Stay tuned to Indian IPO Blog for more

Wednesday, August 9, 2017

Cochin Shipyard IPO Allotment Status declared - Click to check your status now

August 09, 2017 0
Cochin Shipyard IPO Allotment Status declared - Click to check your status now

Cochin Shipyard IPO Allotment Status is declared. Investors have started to receive SMSs for allotment and credit of equity shares in their demat account

The link to check Cochin Shipyard IPO Allotment Status is http://cs.linkintime.co.in/ipo/IPO.aspx

Cochin Shipyard IPO Allotment Status declared, link to be shared shortly

August 09, 2017 0
Cochin Shipyard IPO Allotment Status declared, link to be shared shortly

Cochin Shipyard IPO Allotment Status is declared. Investors have started to receive SMSs for allotment and credit of equity shares in their demat account

The link to check Cochin Shipyard IPO Allotment Status is http://cs.linkintime.co.in/ipo/IPO.aspx

Cochin Shipyard IPO - Basis of Allotment

August 09, 2017 0
Cochin Shipyard IPO - Basis of Allotment

Tuesday, August 8, 2017

Cochin Shipyard IPO GMP

August 08, 2017 0
Cochin Shipyard IPO GMP

Cochin Shipyard IPO Allotment Status expected today

August 08, 2017 0
Cochin Shipyard IPO Allotment Status expected today
The much awaited allotment status for the recently concluded Cochin Shipyard IPO is expected to be declared today

The finalization and upload of the Cochin Shipyard IPO Allotment Status is expected to be done by late night today

The latest update on Cochin Shipyard IPO Allotment Status would be posted on Indian IPO Blog and Indian IPO Blog Whatsapp groups. 

Stay tuned for more

Securities and Intelligence Services (SIS) IPO Allotment Status declared

August 08, 2017 0
Securities and Intelligence Services (SIS) IPO Allotment Status declared

Monday, August 7, 2017

SIS IPO Allotment Status

August 07, 2017 0
SIS IPO Allotment Status

Thursday, August 3, 2017

Cochin Shipyard IPO Final subscription status till 7 PM

August 03, 2017 0
Cochin Shipyard IPO Final subscription status till 7 PM

Cochin Shipyard IPO subscription status till 12.20 pm

August 03, 2017 0
Cochin Shipyard IPO subscription status till 12.20 pm

Cochin Shipyard IPO Subscription status - Day 3 at 12:20PM

The following data is assuming the shares will be issued at upper price band

QIB*: 8.14x (*Excluding Anchor)
NII: 3.24x
RII: 5.69x
Empl. 0.36x
Overall: 6.40 times

Applications: 13,64,000 Approx
No. of Application: 3.53 times

Cochin Shipyard IPO closes - Should you go for it?

August 03, 2017 0
Cochin Shipyard IPO closes - Should you go for it?
The initial public offering (IPO) of state-owned Cochin Shipyard Limited was subscribed 3.16 times on its second day of opening
The IPO is a fresh issue of 22.65 million shares, which at the upper end of the price band will fetch the company over Rs978 crore. There is also an offer for sale of 11.3 million shares. At the upper end of the price band, the government, which is selling 10% stake, will raise over Rs.489 crore

But whether all this makes a good bet to go for it? Let's find out on a simple 3 point criteria

1. Company Business prospects

The company has a strong reputation in the shipbuilding space, particularly in relation to the defence sector. It has been in existence since 1972. In the past it has undertaken repairs of Indian Navy aircraft carriers such as INS Viraat and INS Vikramaditya. It is also building India's first indigenous Aircraft Carrier (IAC) for Indian Navy. It is also one of the few companies with "Miniratna" status
Cochin Shipyard has a credible moat given that it receives preferential orders from the Indian navy and the coast guard. Being a Government of India company it also receives some confidential orders which can not be given to private players

2. Financials

The company's average five year ROE and ROCE were 16.1% and 24.7% respectively. Current ROE and ROCE stand at 16.2% and 23.9% respectively
The company's revenue increased at a CAGR of 5.7% in last five years. However this growth seems impressive, given the poor health of the shipbuilding industry, excess supply, low demand and volatility in crude prices
Moreover, the company is effectively debt free and has cash and cash equivalents of around Rs 2,000 crores against estimated capital expenditures of around Rs 2,000 crores over 3-4 years after adjusting for IPO proceeds

3. Pricing

The company has set a price band of Rs. 424 to Rs.432 per share for the initial share sale. One of the tempting features especially for Retail investors is the special discount of Rs.21 per equity share which will in turn reduce the cost per share Rs.411 per share assuming allotment is made at upper end of price band.

The company is best profit making one in the shipbuilding industry since all of its listed peers have negative earnings and are highly leveraged whereas Cochin Shipyard would have a PE ratio of 18.8 times which is fairly justified

This price is also clearly attractive for listing gains considering already high grey market premium running through

Verdict

Considering that the company ticks most of the boxes, investors may not want to miss this ship!

SIS IPO Final subscription figures

August 03, 2017 0
SIS IPO Final subscription figures

Wednesday, August 2, 2017

SIS IPO Grey Market Premium (GMP)

August 02, 2017 0
SIS IPO Grey Market Premium (GMP)

Cochin Shipyard IPO Grey Market Premium (GMP)

August 02, 2017 0
Cochin Shipyard IPO Grey Market Premium (GMP)

Hindustan Copper Offer for Sale (OFS) - Official NSDL Announcement

August 02, 2017 0
Hindustan Copper Offer for Sale (OFS) - Official NSDL Announcement
Name of Seller
The President of India, acting through and represented by the Ministry of Mines,Government of India

Name of Company whose shares are proposed to be sold
Hindustan Copper Limited
(ISIN:INE531E01026)

Name of stock exchanges where orders shall be placed
NSE and BSE

Date and time of the opening of the offer for retail investors
August 3, 2017 at 9.15 a.m.

Date and time of the closing of the offer for retail investors
August 3, 2017 at 3.30 p.m.

Date and time of the opening of the offer for non-retail investors
August 2, 2017 at 9.15 a.m.

Date and time of the closing of the offer for non-retail investors:
August 2, 2017 at 3.30 p.m.

Floor Price
Rs. 64.75 per share

Retail Discount
Retail Investors will be allocated Offer Shares at the Discounted Price i.e. at a discount of 5% to the Cut-Off Price in accordance with the SEBI OFS circulars. The Discounted Price, which shall be the final allocation price to the Retail Investors, may be below the Floor Price

Tuesday, August 1, 2017

Cochin Shipyard IPO - Brokerage Recommendations summary

August 01, 2017 0
Cochin Shipyard IPO - Brokerage Recommendations summary

IIFL Wealth Management Ltd 
IPO provides good retail exposure to the promising domestic defence sector and available at attractive valuations of 18.1 times FY17 price to earnings (PE). “With average margins of 18% over last five years and return on equity (RoE) of around 15 over the same period, it has consistently delivered the goods, even during the slowdown phase in shipbuilding industry,”

Motilal Oswal Securities Ltd (MOSL)
Continuous focus on high margin repair business, strong positioning in west coast of India, healthy order book and negligible debt with cash and bank balance of Rs2,000 crore and decent ROEs and return on capital employed (ROCE) are key strengths of Cochin Shipyard, “At higher end of price band, the issue is attractive,” MOSL said

Prabhudas Lilladher Pvt. Ltd.
The strong net cash balance sheet, strong order pipeline and option value of bagging further air craft carriers could provide multi-year visibility of earnings. At the upper end of the issue price, market capitalization works out to be Rs.5,880 crore

Angel Broking 
The issue is reasonably priced on the back of healthy order book with execution capability and experienced management. “Despite cyclical business it has maintained net cash positive balance sheet and eased working capital cycle from over 195 days in FY2012 to current 59 days,”

Sharekhan Ltd.
“Consequently, CSL is not comparable with listed private sector shipyard companies. CSL is expected to be available at 18.8x P/E multiple (EPS calculated on post issue number of shares) and 2.9x P/B on FY2017 financials at the upper price band of Rs.432,”


Security and Intelligence Services (India) IPO closes tomorrow

August 01, 2017 0
Security and Intelligence Services (India) IPO closes tomorrow
Security and Intelligence Services (India) IPO is closing for subscription tomorrow on Aug 2, 2017. Security and Intelligence Services (India) Limited provides private security and facility management services in India and Australia. They offer cash logistics; security services, including manned guarding, cash logistics, and electronic security; and facility management services, such as mechanized cleaning, and pest and termite control services.

Security and Intelligence Services (India) servers customers that operate in various industries and sectors, which include banking and financial services, IT/ITeS and telecom, automobile, steel and heavy industries, governmental undertakings, hospitality and real estate, utilities, educational institutions, healthcare, consumer goods, engineering, and construction

The IPO has been subscribed 1.93 times on an overall basis with the retail category getting subscribed 7.14 times till Day 2 of the opening

Stay tuned to Indian IPO Blog for more on SIS IPO

Cochin Shipyard IPO Subscription Status on Day 1

August 01, 2017 0
Cochin Shipyard IPO Subscription Status on Day 1

Upcoming IPOs in 2017