June 2017 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Thursday, June 29, 2017

CDSL IPO Listing tomorrow on Jun 30

June 29, 2017 0
CDSL IPO Listing tomorrow on Jun 30

The equity shares of CDSL would be listed and admitted to the dealings on the NSE w.e.f. tomorrow, i.e. Jun 30, 2017

Details of listing are given below:

CDSL Limited IPO Listing Update:

Listing Date : Friday, June 30, 2017
Exchange : NSE
NSE Symbol: CDSL
ISIN  : INE736A01011
Issue Price : Rs. 149/- Per Equity Share
Face Value : Rs. 10/- Per Equity Share

AU Small Finance Bank IPO Subscription status till Day 2

June 29, 2017 0
AU Small Finance Bank IPO Subscription status till Day 2

CDSL IPO Allotment Status declared

June 29, 2017 0
CDSL IPO Allotment Status declared
CDSL IPO Allotment status is declared and can now be seen from the registrar's website. The link for CDSL IPO Allotment Status is given below

Click here to check your CDSL IPO allotment status now

Stay tuned to Indian IPO Blog for CDSL IPO Basis of Allotment and Listing updates

Wednesday, June 28, 2017

CDSL IPO Allotment status

June 28, 2017 0
CDSL IPO Allotment status
Allotment status of CDSL IPO is expected to be declared tomorrow. The IPO Allotment status data is likely to be uploaded by today late night and link for checking the allotment status is most likely to be available by tomorrow

Stay tuned to Indian IPO Blog or join our Whatsapp groups (FREE for limited period) for real time updates on CDSL IPO Allotment Status

UPDATE: CDSL IPO Allotment Status is declared. Click below link for more

http://www.indianipoblog.in/2017/06/cdsl-ipo-allotment-status-declared.html?m=1

AU Small Finance Bank IPO - Brokerage recommendation summary

June 28, 2017 0
AU Small Finance Bank IPO - Brokerage recommendation summary













Presented below are synopsis of IPO recommendations given by various brokerage houses on AU Small Finance Bank IPO:

Prabhudas Liladhar 
Recommend investors to subscribe to the issue only with a long-term investment horizon. 

KR Chocksey
We recommend subscribe rating to long-term investors. 

IIFL
We recommend a subscribe rating. 

Nirmal Bang
Unique model, no peer ,  SFB model should do better compared to the NBFC model in the long run. 

Equirus
Consistent track record ,  At the offered valuation, we recommend a subscribe rating on the issue with a long-term view.

Antique Stock Broking
Strong upside likely in a few years ,  investors can expect strong upside over the next few years,

Reliance Securities
We recommend subscribe rating to the issue, as it provides a favourable investment opportunity for long-term investors. 

Angel Broking
Premium valuations justified,  We recommend subscribe rating on the issue

AU Small Finance Bank IPO - Brokerage recommendation summary

June 28, 2017 0
AU Small Finance Bank IPO - Brokerage recommendation summary

Prabhudas Liladhar 
Recommend investors to subscribe to the issue only with a long-term investment horizon. 

KR Chocksey
We recommend subscribe rating to long-term investors. 

IIFL
We recommend a subscribe rating. 

Nirmal Bang
Unique model, no peer ,  SFB model should do better compared to the NBFC model in the long run. 

Equirus
Consistent track record ,  At the offered valuation, we recommend a subscribe rating on the issue with a long-term view.

Antique Stock Broking
Strong upside likely in a few years ,  investors can expect strong upside over the next few years,

Reliance Securities
We recommend subscribe rating to the issue, as it provides a favourable investment opportunity for long-term investors. 

Angel Broking
Premium valuations justified,  We recommend subscribe rating on the issue

AU Small Finance Bank IPO - Should you subscribe?

June 28, 2017 0
AU Small Finance Bank IPO - Should you subscribe?

AU Small Finance Bank is entering the primary market with an IPO of 5.34 crore equity shares of Rs.10 each which will open for subscription from today

The IPO is offered in the price band of Rs.355 to Rs.358 per share. The IPO wpuld remain open for subscription till Friday, Jun 30, 2017.

About AU Small Finance Bank

AU Small Finance Bank, formerly AU Financiers, has transitioned from an asset financing NBFC providing loans for vehicle purchase, MSMEs and SMEs to a small finance bank (SFB) effective 19th April 2017.

The bank is having 269 branches and 121 asset centers across West and Central India, mainly in Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, with focus on low income and middle income group (LIG and MIG) customers. In June 2016, company sold its lucrative, high-growth, and current investor favourite mortgage (home loan) business, of Rs. 1,500 crore AUM, for approximately Rs. 950 crore, to enable its transition to SFB. 

Business is concentrated in its home geography, with 54% of gross AUMs in single state of Rajasthan


A look at earnings and financial ratios

In FY17, company’s total income grew 36% YoY to Rs.1,430 crore, while net interest income (NII) grew 41% YoY to Rs. 917 crore.

After accounting for provisions and write-offs of Rs. 77 crore and exceptional gains of Rs. 670 crore on sale of housing finance and other smaller businesses (insurance broking, micro finance), company reported PAT of Rs. 843 crore. Adjusting for this one-time gain, FY17 PAT rose came to Rs. 326 crore, thus resulting in EPS of Rs. 11.74, up from FY16’s Rs. 9.28.

The company has a healthy capital adequacy ratio of 23.21%, vis-à-vis regulatory requirement of 15%. Net interest margins (NIM) of the companh is 9.67%. However despite this appearing to be strong, it is expected to shrink as the banking norms become applicable to the company going forward. Also, Gross NPA at 1.61% and net NPA at 1.05%, at 120 days past due, as of 31-3-17 which is at higher end

Return on Net Worth (RoNW) of 21.7% and Return on Assets (RoA) of 3.4% are also quite impressive.

As on Mar 2017, the company's networth is around Rs.2000 crores which is double from last year. Book value of the compang is around Rs.70 per share


Analysis of Valuation

The shares are offered in a price band of Rs.355 to Rs.358 per equity share. If historic Book Value (BV) and EPS is considered, the shares are offered at an PE ratio of around 31 times which is at higher end. Even where book value is considered the Price to Book Value works out to be 5.1 times

All in all, the company is offered at an aggressive price. Although the euphoria in IPO market may sail this through at a premium listing and also considering that the company has done well in NBFC business, it might turn out to be decent in the long run, investors would need to maintain a watchful eye on it if subscribed. May be a good one to invest for listing gains initially and then re enter upon dips

Sunday, June 25, 2017

Tentative Listing Dates of IPOs in June 2017

June 25, 2017 0
Tentative Listing Dates of IPOs in June 2017
Tentative Listing dates of IPOs in June 2017

Tejas Networks IPO
27th June – Listing on NSE & BSE

Eris LifeSciences IPO
29th June – Listing on NSE & BSE

CDSL IPO
30th June – Listing on NSE only

AU Financiers (Small Bank) IPO
07th July – Listing on NSE & BSE

GTPL IPO
03rd July – Listing on NSE & BSE

Investors Beware #1: Stock Tips and Recommendations Fraud

June 25, 2017 0
Investors Beware #1: Stock Tips and Recommendations Fraud

This is one of the widely used and most common scams in Indian stock market. Here, the fraudsters try to attract the traders/investors by convincing them that they can provide a profit as much as 3-10% per day and 30-40% per month. Please note that Warren Buffet, the legendary investor, has got an yearly return of around 22% to become one of the richest person in world. And these people are promising such high returns monthly. They further assure the people to give over 90% accuracy on their tips and recommendations.

These fraudsters argue that they have given minimum 40% return to their old clients. When people ask for trial tips before subscribing to their tips and recommendation program, they easily agree. {Although, most of the good companies clearly deny tips without complete registration}.

Many people who try these trials, become victims of these fraudsters. All the tips provided by them during the trial period are 100% accurate. Seeing the results of the trial period, the traders/investors subscribe to the monthly/yearly recommendation plan of these fraudsters. They pay high fee to subscribe for these tips. However, after the registration none of their tips works good.

Now, let us see how these fraudsters are able to provide 100% accurate recommendations during the trial period.

Suppose, these fraudsters agree to give trial period for 3 trading day. That is, they agree to give 1 recommendation to buy or sell a stock for three trading day. But there is a hidden side to this scheme that the investors do not know. During these three days, they don’t send the tips to just 1 person. They generally send the tips to thousands of people.

Let us say, they started with 1000 people initially to send the tips.

Day1: On day 1, these fraudsters send messages to sell a stock to 500 people and to buy to other 500 people for the same stock. Obviously, either the stock will go up or go down (they generally choose a volatile stock so that the probability of stock not changing price is zero). Therefore, on day 1, they have send a successful tip to 500 people. They, discard the other 500 people for whom the tip didn’t worked.

Day2: On day two, they again send message to sell the stock for 250 people and buy the stock for other 250 people. Obviously, again one group will receive correct recommendation. They again discard the other group whom they sent wrong tip.

Day3: On last day of tip, they send buy suggestion to 125 people and sell suggestion to other group of 125 people. Hence, 125 people will receive a correct tip for three consecutive days.
Now, these 125 people will now think that all the recommendations provided by these fraudsters for three continuous days are correct. Therefore, many of the people from this group will subscribe to the tips and recommendation plan and become a victim of one of the most common scams in Indian stock market. Let us assume that the charge for sending tips is Rs 15,000 for a year. If even 100 people are trapped in this swindle, these fraudsters easily make around 15,000*100 = Rs 15 lakhs.

Soon after subscribing to the tips from these fraudsters, the investors/traders start losing money. The tips aren’t working anymore. Overall, these people lose they money apart from paying a heavy registration fee for taking tips and recommendations

Saturday, June 24, 2017

Tejas Networks IPO Listing on Jun 27

June 24, 2017 0
Tejas Networks IPO Listing on Jun 27

The equity shares of Tejas Networks Limited is all set to debut its shares on the exchanges from June 27, 2017

Tejas Networks IPO was oversubscribed 1.88 times, opened for subscription during June 14-16, 2017.

Eris Lifesciences IPO Allotment Status declared

June 24, 2017 0
Eris Lifesciences IPO Allotment Status declared

Eris Lifesciences IPO Allotment Status is  declared and can be checked from link given below :

Check out the link given below to check Eris Lifesciences IPO Allotment Status! 

https://linkintime.co.in/PublicIssues/

Central Depository Services (CDSL) IPO becomes most subscribed in 10 years

June 24, 2017 0
Central Depository Services (CDSL) IPO becomes most subscribed in 10 years

Central Depository Services (India) Ltd. has earned the distinction of becoming the most subscribed IPO of the decade was the most subscribed in over a decade. The IPO was subscribed more than 170 times the number of shares offered with the offer getting overwhelming response from across all the categories of investors: QIB, HNI and Retail alike

The book running lead managers to the offer include Haitong Securities India Pvt Ltd., IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd. CDSL is the second largest depository in the country. Retail individual investors, who are eligible for up to Rs 2 lakh worth of shares, applied for 23.83 times the shares on offer

CDSL also offers facilities to issuers to credit securities to a shareholder's or applicant's demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; and facilities to allow holding of insurance policies in electronic form to the holders of these insurance policies of various insurance companies.

CDSL IPO Allotment and Listing Timetable (Tentative)

June 24, 2017 0
CDSL IPO Allotment and Listing Timetable (Tentative)
Finalisation of Basis of Allotment: On or about June 29, 2017
Initiation of refunds: On or about June 29, 2017
Credit of Equity Shares to demat accounts: On or about June 29, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about June 30, 2017

Eris Lifesciences IPO Final Subscription Status

June 24, 2017 0
Eris Lifesciences IPO Final Subscription Status

AU Financiers IPO Details

June 24, 2017 0
AU Financiers IPO Details
Issue opens on: Jun 28, 2017
Issue closes on: Jun 30, 2017
Face Value: Rs 10 Per Equity Share
Price Band: Rs.355 to Rs.358 per equity share
Bid Lot: 41 Equity Shares and in mutiples thereof
Listing At: BSE, NSE

CDSL IPO Final Subscription Status

June 24, 2017 0
CDSL IPO Final Subscription Status

Wednesday, June 21, 2017

CDSL IPO Subscription status on Day 3

June 21, 2017 0
CDSL IPO Subscription status on Day 3

Monday, June 12, 2017

Tejas Networks IPO Dates - Price Band - Bid Lot

June 12, 2017 0
Tejas Networks IPO Dates - Price Band - Bid Lot

Issue opens on: Jun 14, 2017
Issue closes on: Jun 16, 2017
Issue size: Rs.450 Crs vide Fresh Issue and Rs.326 Crs through Offer for Sale
Price Band: Rs.250 to Rs.257 per equity shares
Bid Lot: 55 Equity Shares and in multiples thereof

Log on to http://indianipoblog.blogspot.in for more

Eris Lifesciences IPO Price Band and Details

June 12, 2017 0
Eris Lifesciences IPO Price Band and Details

Issue opens on: Jun 16, 2017
Issue closes on: Jun 20, 2017
Issue size: 28,875,000 Equity Shares of Rs.1 each
Price Band: Rs.600 to Rs.603 per equity shares
Bid Lot: 24 Equity Shares and in multiples thereof

CDSL IPO Price Band and Details

June 12, 2017 0
CDSL IPO Price Band and Details

Issue opens on: Jun 19, 2017
Issue closes on: Jun 21, 2017
Issue size: 35,167,208 Equity Shares of Rs 10
Price Band: Rs.145 to Rs.149 per equity shares
Bid Lot: 100 Equity Shares and in multiples thereof

CDSL Limited - A company profile

June 12, 2017 0
CDSL Limited - A company profile

Central Depository Services (India) Limited (CDSL), a subsidiary of BSE Limited operates as a securities depository in India. They offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.

CDSL also offers facilities to issuers to credit securities to a shareholder's or applicant's demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; and facilities to allow holding of insurance policies in electronic form to the holders of these insurance policies of various insurance companies.

In addition, they provides other online services, such as e-voting, e-locker, national academy depository, electronic access to security information, electronic access to security information and execution of secured transaction, drafting and preparation of wills for succession, and mobile application and transactions using secured texting. It serves investors through intermediaries, such as depository participants, issuer companies, registrar and transfer agents, beneficial owners, and clearing members.

Thursday, June 8, 2017

Eris Lifesciences IPO opens on June 16

June 08, 2017 0
Eris Lifesciences IPO opens on June 16

Eris Lifesciences Limited is planning to hit the streets with an IPO which would be open for subscription between June 16, 2017 and June 20, 2017

Eris Lifescience Ltd is Ahmedabad, Gujrat based pharmaceutical company engaged in research, development, manufacturing and selling of select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.

Eris product portfolio is primarily focused on therapeutic areas which require the intervention of super specialist and specialist doctors such as Diabetologists, Endocrinologists Cardiologists, and Gastroenterologists.

Eris products in the chronic category cater primarily to the therapeutic areas including cardiovascular, anti-diabetics and neurology, chronic respiratory and chronic pain (analgesics)

The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and 
2. For the sale of up to 28,875,000 Equity Shares by the Selling Shareholders.

Tejas Networks IPO - Objects of Issue

June 08, 2017 0
Tejas Networks IPO - Objects of Issue

The Offer comprises the Fresh Issue and the Offer for Sale.

1. Offer for Sale - The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue - Company proposes to utilize the Net Proceeds towards funding the following objects:

A. Capital expenditure towards payment of salaries and wages of research and development team;
B. Working capital requirement; and
C. General corporate purposes.

12 Fundamentally strong stocks near 52 week low

June 08, 2017 0
12 Fundamentally strong stocks near 52 week low

12 Fundamentally strong stocks near their 52W low

Infosys Ltd  - IT Services & Consulting

Sun Pharmaceutical Industries Ltd - Pharmaceuticals

Tech Mahindra Ltd - IT Services & Consulting

Aurobindo Pharma Ltd - Pharmaceuticals

Torrent Pharmaceuticals Ltd - Pharmaceuticals

Glenmark Pharmaceuticals Ltd - Pharmaceuticals

Divi's Laboratories Ltd - Labs & Life Sciences Services

Amara Raja Batteries Ltd - Batteries

Ajanta Pharma Ltd - Pharmaceuticals

Alembic Pharmaceuticals Ltd - Pharmaceuticals

Dr. Lal PathLabs Ltd - Hospitals & Diagnostic Centres

Eclerx Services Ltd - Outsourced services

Study the fundamentals and trends of the companies in detail before you start investing.

Monday, June 5, 2017

CDSL IPO Dates and Details

June 05, 2017 0
CDSL IPO Dates and Details

Issue Opens on : 19 June 2017
Issue Closes on: 21 June 2017
Price Band : Rs 113 – Rs 115 per equity share
Market Lot : 130 equity shares
Minimum Investment : Rs 14,950
Listing on: NSE, BSE

Friday, June 2, 2017

Upcoming IPOs in June 2017

June 02, 2017 0
Upcoming IPOs in June 2017

Following IPOs are expected to hit the streets in June 2017. Tentative Dates and details given below

1) Tejas Network IPO
     IPO Dates - June 12 - June 14, 2017
     Issue Size - 800 cr
     Retail portion - 10%

2) Eris Lifescience IPO
    IPO Dates - June 13 to June 15, 2017
    Issue Size - 1800 cr
    Retail portion - 10%

3) CDSL IPO
    IPO Dates - June 19 to June 21, 2017
    Issue Size - 400 cr
    Retail portion - 35%

4) A U Financials IPO
    Dates - June 22 to June 24, 2017

5) GTPL IPO
    Dates - 3rd or 4th week of June 2017

6) Pratap Snacks IPO
    Dates - 3rd or 4th week of June 2017

Thursday, June 1, 2017

CDSL IPO Details (Tentative)

June 01, 2017 0
CDSL IPO Details (Tentative)

CDSL IPO – Issue Information: (Tentative)

Issue Opens on: 19 June 2017
Issue Closes on: 21 June 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,51,67,208 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.140 – Rs.142 per Equity Share
Market Lot: 105 shares
Listing At: NSE, BSE

Category-wise Break up:.
Anchor – 1,03,40,162 Shares = 146.83Crs
QIB – 68,93,442 Shares = 97.89Crs
NII – 51,70,081 Shares = 73.42Crs
RII – 1,20,63,523 Shares = 171.30Crs (Lot size: 105 = 114,891 Forms)
Employees – 7,00,000 Shares = 9.94Crs

Total Issue – 3,51,67,208 Equity Shares = 499.37Crs.

Subscription required for 1X
RII = 114,891 Forms
NII = 73.42 Crores

Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times