September 2017 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

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

Neogen Chemicals IPO subscription status on Day 2

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