QIB: 118.40 times
HNI: 209.44 times
Retail: 5.19 times
Overall: 81.31 times
Friday, October 27, 2017
Reliance Nippon IPO Final subscription status
Thursday, October 26, 2017
Wednesday, October 25, 2017
Tuesday, October 24, 2017
New India Assurance (NIA) Rs.10000 Crore IPO hitting streets soon
NIA is the market leadership in the general insurance industry in India across the segments except crop insurance.
Monday, October 23, 2017
Reliance Nippon Life AMC IPO opens on October 25
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
Thursday, October 19, 2017
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
Saturday, October 14, 2017
Thursday, October 12, 2017
Monday, October 9, 2017
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
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
General Insurance Corporation (GIC) of India IPO Details
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
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*.