2019 - Indian IPO Blog

Friday, December 20, 2019

Prince Pipes IPO subscription status till 2 pm on closing day

December 20, 2019 0
Prince Pipes IPO subscription status till 2 pm on closing day

Prince Pipes IPO closes today, subscribed 74 percent till second day

December 20, 2019 0
Prince Pipes IPO closes today, subscribed 74 percent till second day
Prince Pipes IPO closes for subscription today. The IPO had opened Wednesday and was subscribed 0.74 times till Day 2 of opening. The IPO was fully subscribed only in Retail category

The company is engaged in manufacturing of polymer pipes and fittings. The company produces four types of polymer pipes including CPVC, UPVC, HDPE, PPR and three different polymer fitting types CPVC, PPR, and UPVC. It is operating in the polymer pipe segment under two brand names; which are Trubore and Prince Piping Systems. The company has a corporate office in Mumbai and a strong presence across North, South and West India

The IPO was subscribed by 0.68 times in QIB, 0.06 times in HNI and 1.06 times in Retail category

Thursday, December 19, 2019

Prince Pipes IPO Reviews - Is it worth applying? What do brokerage houses recommend?

December 19, 2019 0
Prince Pipes IPO Reviews - Is it worth applying? What do brokerage houses recommend?
Prince Pipes IPO opened for subcription from Wednesday. At the price band of Rs 177-178 per share, the IPO is demanding a PE multiple of 23.5 times on a trailing basis.

Is it worth to apply for Prince Pipes IPO? Here are some reviews:

Reliance Securities: Subscribe
“It has healthy return ratios with average RoE of 22 per cent and RoCE of 20 per cent for the same period. Assuming revenue growth of 13 per cent CAGR through FY19-21E, the company is valued at 14 times of FY21E earnings, which appears to be justified considering its business model, steady growth and healthy return ratios. Hence, we recommend subscribe to the issue,” Reliance Securities.

Equirus Securities: Subscribe
“Construction ban in certain areas in North India will impact near-term growth. Post anti-dumping duty on CPVC resin from China/Korea, Prince was forced to raise CPVC price higher than others and this will impact growth/profitability,” it said. However, the brokerage said that there is a chance of “one-time valuation jump to IPO investors.”

Investmentz (Asit C Mehta): Subcribe
“With superior product mix, established brand name, strong distribution network, and adding capacities, we believe Prince Pipes is well placed to capitalize on domestic opportunities. At the upper price band of Rs178, the stock trades at 19.22 times its FY19 EPS of Rs 9.26,” it said

Ventura Securities: Subscribe for listing gains
Ventura Securities expects revenue, Ebitda and PAT of the company to grow at a CAGR of 5 per cent, 14 per cent and 18 per cent, respectively. For FY21, the stock is available at the offer price of 177-178 at 16 times on a fully diluted basis, this brokerage estimated.

BP Wealth: Do not subscribe
"Taking into account its debt position and the increased competitiveness of the market it operates in, the stock does not look attractive. We give ‘Avoid’ rating for the IPO,” it said.

Wednesday, December 18, 2019

Prince Pipes IPO subscribed 28 percent on first day

December 18, 2019 0
Prince Pipes IPO subscribed 28 percent on first day

Prince Pipes IPO has received a scant response on first day with the IPO getting bids of upto 0.28 times

Detailed subscription status given below:

QIB: 0.05xH

HNI 0.03x

Retail: 0.52x

Overall: 0.28 times


The details of utilization of the proceeds of the Fresh Issue are summarized below:

1. Repayment or prepayment of certain outstanding loans of the company;
2. Financing the project cost towards establishment of a new manufacturing facility;
3. Upgradation of equipment at the manufacturing facilities; and
4. General corporate purposes, subject to the applicable laws

PPF Scheme 2019 introduced - 3 key things you should know

December 18, 2019 0
PPF Scheme 2019 introduced - 3 key things you should know
๐Ÿ‘‰๐Ÿป Deposits rules:


PPF Scheme 1968 allowed deposits to be made in multiples of 5. A maximum of 12 deposits were permitted in a period of 1 year

PPF Scheme 2019 changes this rule to allow deposits in multiples of ₹50. No upper limit on number of deposits has been specified.

The requirement of minimum annual contribution of ₹500 and the maximum annual contribution of ₹1.5 lakh have been retained, as is.


๐Ÿ‘‰๐Ÿป Interest rate on loan

If you took a loan against your PPF Account, the PPF Scheme 1968 laid down an interest rate of 2% per annum above the prevailing PPF interest rate. Thus for example, if the PPF interest rate was 8%, you would have to pay an interest rate of 10%.
PPF Scheme 2019 has reduced this rate to 1%. Hence if the PPF interest rate is 8%, you would have to pay a rate of 9% if you take a loan against PPF


๐Ÿ‘‰๐Ÿป Premature closure

In the PPF Scheme, 2019, premature closure is allowed after the completion of 5 financial years after the end of the year in which the account is opened, as was the case previously. However a special form, Form 5 has been created under PPF Scheme, 2019 for this purpose.

Earlier the Government had allowed premature closure of the PPF account on grounds of serious ailments or life threatening diseases affecting the account holder, spouse, dependent children or parents. This has been retained.

A second ground of premature closure allowed earlier was higher education of the account holder. This has been extended to higher education of the account holder or dependent children. However production of documents and fee bills in confirmation of admission in a recognized institute of higher education in India or abroad is mandatory

The PPF Scheme, 2019 has introduced a third ground of premature closure, namely, a change in the residency status of account holder.

As was the case previously as well, premature closure means you get interest lower by one percent than the rate at which interest has been credited to the account.

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Tuesday, December 17, 2019

SBI Cards IPO Employees Quota - Eligibility for applying in employees quota

December 17, 2019 0
SBI Cards IPO Employees Quota - Eligibility for applying in employees quota
Following are entitled to apply in employees quota in upcoming IPO of SBI Cards Limited

Eligibility Rules

  • A permanent employee of SBI Cards or SBI, working in India or outside India (excluding employees who are not eligible to invest in the Offer under laws).
  • A whole-time or part-time Director of SBI Cards who is eligible to apply under the Employee Reservation Portion on the date of filing of the RHP and who continues to be a Director of SBI Cards, until the submission of the Bid cum Application Form.
  • SBI Retired Employees are not eligible to apply in SBI Cards IPO under employee quota
  • Eligible Employees should mention their employee number at the relevant place in the Bid cum Application Form.
  • Directors who directly or indirectly, hold more than 10% of the outstanding Equity Shares in SBI Cards are not eligible to apply.

Allocation Rules in SBI Employees Category

If total demand in the employee category is less than or equal to 1,864,669 Equity Shares (total shares allocated to employees) at or above the Offer Price, the full allocation shall be made to the Eligible Employees.

In case of an under-subscription in the Employee Reservation Portion, the unsubscribed shares may be allocated on a proportionate basis to employees bidding in excess of ₹200,000. However, the total allotment in under-subscription, as well as over-subscription, will not exceed ₹ 500,000


Prince Pipes IPO - Closing, Allotment and Listing schedule (Tentative)

December 17, 2019 0
Prince Pipes IPO - Closing, Allotment and Listing schedule (Tentative)
Bid/Offer Opens OnDec 18, 2019
Bid/Offer Closes OnDec 20, 2019
Finalisation of Basis of AllotmentDec 26, 2019
Initiation of RefundsDec 27, 2019
Credit of Shares to Demat AcctDec 30, 2019
IPO Shares Listing DateDec 31, 2019

Muthoot Finance NCD - December 2019 details

December 17, 2019 0
Muthoot Finance NCD - December 2019 details
Company background:
Muthoot Finance Ltd. is part of flagship Muthoot group and is known as the largest gold financing company in the world. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins at Muthoot Finance Branches

Issue dates and price:
๐Ÿ‘‰๐ŸปPeriod: Nov 29 to Dec 24
๐Ÿ‘‰๐ŸปFV/Issue price: Rs.1000
๐Ÿ‘‰๐ŸปMin Appl: 10 NCD (Rs.10k)

Issue size and allocation:
๐Ÿ‘‰๐Ÿป Base issue of Rs.1000 Mn with an option to retain over-subscription upto Rs.6900 Mn over and above that
๐Ÿ‘‰๐ŸปAllocation: 
Institutional: 10%
NII: 10%
HNI: 30%
Retail: 50%
๐Ÿ‘‰๐ŸปAllotment will be on First come First serve basis

Tenor & Interest Rates:
๐Ÿ‘‰๐Ÿป Tenor options: 24M, 38M, 60M and 90M
๐Ÿ‘‰๐Ÿป Int Rates between 9.25% to 10%

Click here to get started and invest now:
https://zfrmz.com/ktSX2ID3E96oquGbLJNC

L&T Finance NCD - December 2019 details

December 17, 2019 0
L&T Finance NCD - December 2019 details
Company background:
L&T Finance Limited provides consumer financial products and services. The Company provides auto, two wheeler, and loyalty financial loans, as well as real estate finance and wealth management services. L&T Finance serves clients in India.

Issue dates and price:
๐Ÿ‘‰๐ŸปPeriod: Dec 16 to Dec 17* (Original date of closure: Dec 30)
๐Ÿ‘‰๐ŸปFV/Issue price: Rs.1000
๐Ÿ‘‰๐ŸปMin Appl: 10 NCD (Rs.10k)

Issue size and allocation:
๐Ÿ‘‰๐Ÿป Base issue of Rs.500 crores with an option to retain over-subscription upto Rs.1000 crores over and above that
๐Ÿ‘‰๐ŸปAllocation: 
Institutional: 10%
NII: 10%
HNI: 35%
Retail: 45%
๐Ÿ‘‰๐ŸปAllotment will be on First come First serve basis

Tenor & Interest Rates:
๐Ÿ‘‰๐Ÿป Tenor options: 36M and 60M
๐Ÿ‘‰๐Ÿป Int Rates between 7.96% to 8.60%

Click here to get started and invest now:
https://zfrmz.com/ktSX2ID3E96oquGbLJNC

Monday, December 16, 2019

Introducing Indian IPO Blog - FD and NCD updates

December 16, 2019 0
Introducing Indian IPO Blog - FD and NCD updates
As part of expanding the scope and gamut of our services, we would like to announce that the portal would now also include news and updates on investment instruments with fixed returns such as Fixed Deposits and Non Convertible debentures

We hope you'd find the same of value!

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Thursday, December 12, 2019

Prince Pipes and Fittings IPO opens on Dec 18

December 12, 2019 0
Prince Pipes and Fittings IPO opens on Dec 18


Prince Pipes and Fittings Limited, Mumbai based firm is engaged in manufacturing of polymer pipes and fittings. The company produces four types of polymer pipes including CPVC, UPVC, HDPE, PPR and three different polymer fitting types CPVC, PPR, and UPVC. It is operating in the polymer pipe segment under two brand names; which are Trubore and Prince Piping Systems. The company has a corporate office in Mumbai and a strong presence across North, South and West India

Prince Pipes provides an end to end solutions across a wide product range (7,480 SKUs as on 30th June 2018). It has 5 manufacturing units located at Haridwar (Uttarakhand), Athal (Dadra and Nagar Haveli), Dadra (Dadra and Nagar Haveli), Kolhapur (Maharashtra) and Chennai (Tamil Nadu). Besides, two contract manufacturing units are located at Hajipur (Bihar) and Aurangabad (Maharashtra).

The company is also planning to open two manufacturing units at Jobner (Rajasthan) and Sangareddy (Telangana). Prince Pipes and Fittings Ltd has 10 warehouses to store the products. The company sells the products under Prince Piping Systems brand name to 843 distributors which further sell them to wholesalers, retailers and plumbers. The products under Trubore are directly sold to 212 wholesalers and retailers.

The details of utilization of the proceeds of the Fresh Issue are summarized below:

1. Repayment or prepayment of certain outstanding loans of the company;
2. Financing the project cost towards establishment of a new manufacturing facility;
3. Upgradation of equipment at the manufacturing facilities; and
4. General corporate purposes, subject to the applicable laws

Prince Pipes and Fittings IPO would remain open between Dec 18, 2019 and Dec 20, 2019

Monday, December 9, 2019

Ujjivan Small Finance Bank IPO - Basis of Allotment explained

December 09, 2019 0
Ujjivan Small Finance Bank IPO - Basis of Allotment explained

Following is the basis of allotment for Ujjivan Small Finance Bank IPO:


Explanation of Ujjivan Small Finance Bank Allotment basis

Ujjivan Small Finance Bank IPO - Basis of Allotment essentially indicates that 400 shares will be allotted on a lottery basis as under :

  • For those who applied between 400 to 3200 or for 4000 or 5200 shares, allotment will be 400 shares in the ratio 35:1102 (Chances of Allotment: 3.17%)
  • For those who applied for 3600 shares, allotment will be 400 shares in the ratio 36:1135 (Chances of Allotment: 3.17%)
  • For those who applied for 4400 shares, allotment will be 400 shares in the ratio 27:844 (Chance sof Allotment: 3.19%)
  • For those who applied for 4800 shares, allotment will be 400 shares in the ratio 55:1727 (Chances of Allotment: 3.18%)

Ujjivan Small Finance Bank IPO Allotment status declared

December 09, 2019 0
Ujjivan Small Finance Bank IPO Allotment status declared
The allotment status for Ujjivan Small Finance Bank IPO is declared and can be checked from link given below:
https://corpreg.karvy.com/ipostatus/

IPO Allotment status can be checked either from the registered website of the registrar to the IPO or can be established by way of :

(a) Debit to the bank account (indicating a successful allotment) or
(b) Release of lien marking done at the time of application (indicating no allotment)


Click here to know about how shares will be allotted in Ujjivan Small Finance Bank IPO

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SBI Cards IPO - Shareholder quota rules

December 09, 2019 0
SBI Cards IPO - Shareholder quota rules
Bids under the SBI Shareholders Reservation Portion shall be subject to the following:

General rules for SBI Cards IPO Shareholder quota

  1. SBI Shareholders i.e. individuals and HUFs who are equity shareholders of SBI can only apply. (The sole/ First Bidder shall be a SBI Shareholder)
  2. Only those Bids, which are received at or above the Offer Price, would be considered for allocation under this category. To clarify,
    (a) SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.
    (b) Bids by SBI Shareholders in SBI Shareholders Reservation Portion (subject to Bid Amount being up to ₹200,000) and in the Employee Reservation Portion (as Eligible Employees), shall not be treated as multiple Bids
    (c) Therefore, SBI Shareholders bidding in the SBI Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) and bidding in the Employee Reservation Portion (as Eligible Employees) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids
  3. SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the retail or employee category.
  4. SBI Shareholders bidding in the SBI Shareholders Reservation Portion (up to ₹200,000) and bidding in the Employee Reservation Portion (as Eligible Employees) can also Bid in the retail category
  5. SBI Shareholders Bidding under the SBI Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) are entitled to Bid at the Cut-off Price.
Allotment rules for SBI Cards IPO Shareholder quota
  • If the aggregate demand in this category is less than or equal to 13,052,680 Equity Shares at or above the Offer Price, all the applicants will get a full allocation.
  • In case of the IPO being under-subscribed in the SBI Shareholders Reservation Portion, the allocation would be met with shares from other reservation portions.



Saudi Aramco exercises over allotment option

December 09, 2019 0
Saudi Aramco exercises over allotment option
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel

Wassim Al Khatib, head of investment banking at the investment arm of Saudi Arabia's biggest bank, National Commercial Bank , said the state-controlled oil giant had exercised the so-called over-allotment option.

Aramco sold $25.6 billion of shares at 32 riyals each, the top of the range at which they were marketed, and the company had orders for $119 billion of stock. About 4.9 million individual investors, almost 15 per cent of the kingdom’s population, applied for the shares. Saudi Arabia sold only 1.5 per cent of the company’s capital in the IPO

“I see further upside to the stock after listing due to the fact that investors will be chasing the stock to complete their exposure, since the deal was oversubscribed,” said Ali El Adou, head of asset management at Daman Investiments in Dubai

Sunday, December 8, 2019

Ujjivan Small Finance Bank IPO Allotment and Listing Dates (Tentative)

December 08, 2019 0
Ujjivan Small Finance Bank IPO Allotment and Listing Dates (Tentative)
Ujjivan Small Finance Bank IPO, the IPO receiving highest number of times oversubscription in the year 2019 closed for subscription on Dec 4

Given below are tentative dates for Ujjivan Small Finance Bank IPO Allotment and Listing

Finalisation of Basis of Allotment: Dec 10, 2019
Initiation of Refunds: Dec 10, 2019
Credit of Shares to Demat: Dec 11, 2019
Listing Date: Dec 12, 2019

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending.

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Click here to know about how shares will be allotted in Ujjivan Small Finance Bank IPO

Saturday, December 7, 2019

Karvy Stock broking fraud - 10 things you should be careful about with stock brokers

December 07, 2019 0
Karvy Stock broking fraud - 10 things you should be careful about with stock brokers

Concerned after reading about Karvy Stock Broking fraud? Here are 10 things you should keep in mind and be careful with your stock broker:1. Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.

2. Be careful while executing the PoA (Power of Attorney) - specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.

3. Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

4. Ensure that you receive Contract Notes within 24 hours of your trades and Statement of Account at least once in a quarter from your Stock Broker

5. Please note that securities provided by you towards margin are not permitted to be pledged by your Stock Broker for raising funds.

6. If you have opted for running account, please ensure that the stock broker settles your account regularly and in any case not later than 90 days (or 30 days if you have opted for 30 days settlement).

7. Do not keep funds and securities idle with the Stock Broker.

8. Regularly login into your account to verify balances and verify the demat statement received from depositories for correctness.

9. Check messages sent by Exchanges on a monthly basis regarding funds and securities balances reported by the trading member and immediately raise a concern if you notice a discrepancy.

10. Always keep your contact details viz Mobile number / Email ID updated with the stock broker. You may take up the matter with Stock Broker / Exchange if you are not receiving the messages from Exchange / Depositories regularly.I

If you observe any discrepancies in your account or settlements, immediately take up the same with your stock broker and if the Stock Broker does not respond, with the Exchange / Depositories

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Ujjivan Small Finance Bank - the highest subscribed IPO of year 2019

December 07, 2019 0
Ujjivan Small Finance Bank - the highest subscribed IPO of year 2019
The initial public offering of Ujjivan Small Finance Bank was subscribed 166 times on the last day of the share sale

The IPO overtook Indian Railway Catering And Tourism Corporation Ltd. as the most subscribed IPO in 2019, data on the National Stock Exchange website showed

The small finance bank, according to its red herring prospectus, aimed to raise nearly Rs 750 crore by issuing new shares of face value Rs 10 each in a price band of Rs 36-37 apiece. The bid lot size was 400 equity shares and multiples thereof.

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending.

USFB has a wide presence across 24 states and union territories in India. As on 30 June 2019, it has 4.72 million customers, 474 Banking Outlets, 387 ATMs, two 24/7 phone banking units (in Bengaluru and Pune) and 50 additionally operated Asset Centres. Customers can use USFB mobile banking application in 5 languages.

The bank has a diversified portfolio offering savings, current & deposit accounts, Aadhaar enrolment services, ATM-cum-debit cards, point of sales terminals, and distributing 3rd party insurance products. USFB is focussed on digital platform and provides bill payments, SMS banking, mobile banking, RuPay Platinum debit cards, internet banking, biometric ATMs services digitally. The bank also allows registering savings account on UPI based mobile applications. It has an automated tablet-based loan origination system, digitalised credit processing and automated receipt collection system to reduce the turn around time of customers.


Saudi Aramco, the oil giant, would command record market valuation after mega IPO

December 07, 2019 0
Saudi Aramco, the oil giant, would command record market valuation after mega IPO
Saudi Aramco is now the world's most valuable company with a market valuation of $1.7 trillion after its initial public offering (IPO) raised $25.6 billion

Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.

Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, raising $25.6 billion and beating Alibaba's record $25 billion-listing in 2014

The listing is expected later this month on the Riyadh stock exchange, but it still falls short of the towering $2 trillion valuations long sought by Crown Prince Mohammed bin Salman.

"The amount raised by the IPO itself is relatively contained given the size of the economy and medium-term funding requirement of the transformation plan. But combined with other areas of funding we believe that there is meaningful capital in place to progress with the investment plans aimed at diversifying the economy," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

NASDAQ and NYSE - Upcoming IPOs - List of companies filing for IPO - November 2019

December 07, 2019 0
NASDAQ and NYSE - Upcoming IPOs - List of companies filing for IPO - November 2019

  • Healthcare Merger Corp.- Nasdaq - Date of filing: 2019-11-25 - Amt: $200.0 Mn.
  • Genetron Holdings Ltd- Nasdaq - Date of filing: 2019-11-21 - Amt: $100.0 Mn.
  • Zhongchao Inc.- Nasdaq - Date of filing: 2019-11-21 - Amt: $15.0 Mn.
  • LIV Capital Acquisition Corp.- Nasdaq - Date of filing: 2019-11-20 - Amt: $69.0 Mn.
  • Bill.com Holdings, Inc.- NYSE- Date of filing: 2019-11-15 - Amt: $182.6 Mn.
  • Reynolds Consumer Products Inc.- Nasdaq - Date of filing: 2019-11-15 - Amt: $100.0 Mn.
  • XP Inc.- Nasdaq - Date of filing: 2019-11-15 - Amt: $2,084.7 Mn.
  • CDP Holdings, Ltd- NYSE- Date of filing: 2019-11-15 - Amt: $125.0 Mn.
  • OneConnect Financial Technology Co. Ltd.- Nasdaq - Date of filing: 2019-11-13 - Amt: $79.6 Mn.
  • Oriental Culture Holding LTD- Nasdaq - Date of filing: 2019-11-12 - Amt: $11.5 Mn.
  • F5 Finishes, Inc- Nasdaq - Date of filing: 2019-11-07 - Amt: $46.0 Mn.
  • Qilian International Holding Group Ltd- NYSE- Date of filing: 2019-11-04 - Amt: $32.2 Mn.
  • PropTech Acquisition Corp- Nasdaq - Date of filing: 2019-11-04 - Amt: $150.0 Mn.
  • Alussa Energy Acquisition Corp.- NYSE- Date of filing: 2019-11-01 - Amt: $225.0 Mn.


Saturday, November 30, 2019

CSB Bank IPO Allotment status declared

November 30, 2019 0
CSB Bank IPO Allotment status declared
CSB Bank IPO Allotment status is declared and can be checked at below mentioned link

Click here to check your status now

Besides, CSB Bank IPO Allotment status can also be checked by checking the release or debit of funds in your bank account

- If funds are fully released, then it means that you have not been allotted any share

- If funds are debited, it means you have been allotted shares and respective amount is therefore debited from your account

Please check back this space for latest updates

Wednesday, November 27, 2019

CSB Bank IPO Allotment and Listing dates

November 27, 2019 0
CSB Bank IPO Allotment and Listing dates

Tuesday, November 26, 2019

Ujjivan Small Finance Bank IPO price band announced

November 26, 2019 0
Ujjivan Small Finance Bank IPO price band announced
The price band for upcoming IPO of Ujjivan Small Finance Bank is fixed at Rs.34 to Rs.35 per equity share with a bid lot of 425 shares and in multiples thereof

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

Following are the details of IPO

Open: - 02-12-2019
Close: - 04-12-2019
Listing Date: - 12-12-2019
Issue Size: - ₹ 1200 Cr
Price Band: - ₹ 34 - ₹ 35 
Lot Size: - 425
Min. App: - ₹ 14,875

CSB Bank IPO heavily oversubscribed

November 26, 2019 0
CSB Bank IPO heavily oversubscribed
The IPO of CSB Bank Limited which closed today secured heavy demand from the markets. The IPO got subcription in excess of 86 times on an overall basis as per data available

QIB portion got subscription of 62.18 times, HNI got subscribed 164.68 times and Retail category was subscribed 44.46 times

Stay tuned to IndianIPOBlog for more updates

Monday, November 25, 2019

CSB Bank IPO subscribed 4.3 times on second day, retail subscription crosses 21 times

November 25, 2019 0
CSB Bank IPO subscribed 4.3 times on second day, retail subscription crosses 21 times
CSB Bank IPO comprises a fresh issue of ₹24 crore and an offer-for-sale of 1,97,78,298 equity shares, including an anchor portion of 94,54,080 equity shares

The IPO has got good response till second day of its opening with the subscription figures crossing 4.35 times

The CSB Bank IPO subscription status of each category is given below:

QIB: 0.26 times
HNI: 1.07 times
Retail: 21.53 times
Overall: 4.35 times

CSB Bank Subscription status as on Nov 25 - 4.00 pm

November 25, 2019 0
CSB Bank Subscription status as on Nov 25 - 4.00 pm

Sunday, November 24, 2019

List of Upcoming IPOs

November 24, 2019 0
List of Upcoming IPOs

SBI Cards plans to launch mega IPO

November 24, 2019 0
SBI Cards plans to launch mega IPO
SBI Cards & Payment Services, the country's second largest credit card provider, is all set to file its draft red herring prospectus (DRHP) early next week and move towards launching the first domestic initial public offer (IPO) by a pure-play credit card company. State Bank of India holds a 74 percent stake in the company while private equity giant Carlyle holds the remaining 26 percent

SBI Card has a wide portfolio catering to both individual and corporate customers. It offers variety of cards across consumer segments that include:


  • Premium Cards - SBI Card Elite, SBI Card PRIME, Doctor’s SBI Card
  • Classic Cards - SimplySAVE SBI Card
  • Industry first initiatives- SimplyCLICK SBI Card, SBI Card Unnati
  • Corporate cards - SBI Signature Corporate Card, SBI Platinum Corporate Card
  • Co-branded cards – Ola Money SBI Card, Etihad Guest SBI Card, Apollo SBI Card, BPCL SBI Card, IRCTC SBI Card, TATA Cards, Yatra SBI Card, fbb SBI STYLEUP Card, Air India SBI Card, Mumbai Metro SBI Card, Capital First SBI Card
According to a recent PTI report, SBI Cards MD and CEO Hardayal Prasad had said that credit business had huge potential to grow in view of the very low penetration in the country

IPO is all set to raise around Rs 9000 crore, making it the biggest listing yet in FY20

CSB Bank IPO Review - Is it worth to apply?

November 24, 2019 0
CSB Bank IPO Review - Is it worth to apply?
CSB Bank IPO is open for subscription from November 22 and the IPO has been subscribed fully.
The issue will close on November 26. Equity shares are proposed to be listed on the BSE, as well as the National Stock Exchange on December 4

Is it worth subscribing to CSB Bank IPO? Here's what expert brokerages have to say:

1. HDFC Securities Review on CSB Bank IPO

As per HDFC Securities, the bank's business and financial performance could suffer if it is unable to effectively manage the level of its NPAs.

"Although CSB Bank is making efforts to improve collections and to foreclose on existing impaired loans in a timely manner, there cannot be any assurance that it will be successful in its efforts or that the overall quality of its Bank’s loan portfolio will improve or will not deteriorate in the future," HDFC Securities said.

Issued notices and initiated various recovery proceedings against defaulting borrowers under the SARFAESI Act are also among key concerns, HDFC Securities said.


Moreover, CSB’s funding requirements are primarily met through customer deposits. If it fails to sustain or achieve growth of its deposit base, including its current and savings account deposit base, its business may be adversely affected, HDFC Securities said.


2. IndiaNivesh Review on CSB Bank IPO

IndiaNivesh recommends subscribing to CSB IPO.


"CSB Bank has seen a remarkable turnaround after the new promoter took charge of its affairs in FY19. At the upper end of the issue price, it is available at P/BV of around 2.19 times on ‘TTM’ basis. We expect CSB Bank to embark on a growth trajectory of over 20 percent on business and profitability for the next couple of years. There is ample scope for it to get re-rated at higher a multiple of 2.5 times to 2.7 times P/BV after listing," said IndiaNivesh.


3. BP Securities Review on CSB Bank IPO

BP Equities recommends subscribing to the issue.

"CSB has posted turnaround results in six months of FY20 and has improved its operational and financial performance. We believe the bank should do well with the recent capital raise and its strong risk management frameworks. We give subscribe rating to the IPO," said the brokerage firm.


"On the valuation front, at the upper end of the price band, CSB is valued at 2.31 times P/BV and 25.31 times P/E. Taking into account huge growth prospects and its comfortable asset quality, the stock looks attractive for investment," said BP Equities.


Ujjivan Small Finance Bank IPO opens on Nov 29

November 24, 2019 0
Ujjivan Small Finance Bank IPO opens on Nov 29
Ujjivan Small Finance Bank IPO opens for subscription from November 29, 2019

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending.

USFB has a wide presence across 24 states and union territories in India. As on 30 June 2019, it has 4.72 million customers, 474 Banking Outlets, 387 ATMs, two 24/7 phone banking units (in Bengaluru and Pune) and 50 additionally operated Asset Centres

Saturday, November 23, 2019

CSB Bank IPO open from Nov 22, fully subscribed on first day

November 23, 2019 0
CSB Bank IPO open from Nov 22, fully subscribed on first day
CSB Bank IPO will close on November 26 (Tuesday). The bank has priced the sale of shares at 193-195 apiece. The 410 crore offer involves a fresh issue of shares of face value 10 each to raise up to 24 crore, and an offer for sale (OFS) of 1.97 crore shares by existing investors through which it will sell 385 crore of shares

CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Kerala, Karnataka, Tamil Nadu and Maharashtra

The IPO was fully subscribed on the first day of its opening. shares will be listed on both BSE and NSE. The tentative date for share allotment finalization is December 02, 2019 and listing date is December 4, 2019, according to brokerages.


Wednesday, April 17, 2019

Neogen Chemicals IPO Dates & Price Band:

April 17, 2019 0
Neogen Chemicals IPO Dates & Price Band:

Neogen Chemicals IPO Dates & Price Band: (Tentative)
IPO Open: 24-April-2019
IPO Close: 26-April-2019
IPO Size: Approx Rs.125 Crore (Approx)
Face Value: Rs.10 Per Equity Share
Price Band: Rs.180 to 190 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 65,84,210 Shares

Monday, March 25, 2019

RVNL IPO opens March 29, 2019

March 25, 2019 0
RVNL IPO opens March 29, 2019

State-run *Rail Vikas Nigam Ltd (RVNL)* has received capital markets regulator SEBI’s go-ahead to float an initial public offering.

Going by the draft papers, the IPO of RVNL, which builds infrastructure for high speed rail, will see sale of 2.08 crore equity shares or 10 per cent stake by the government.

The public issue is being managed by Yes Securities, Elara Capital (India) and IDBI Capital Markets & Securities. The equity shares of the company are proposed to be listed on BSE and NSE.

Thursday, March 7, 2019

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

March 07, 2019 0
Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price of Rs.1100 a piece. The issue is oversubscribed by more than 2.5 times as per NSE website

The cut-off price determined on the first day of OFS(06-Mar-2019) on the basis of bids received in the general category is Rs.1135

The market price of Endurance Technologies was Rs.1178.10 on 7-Mar-2019. The stock has touched a 52 week low of Rs.1062 on 27-Nov-2018 and a 52 week high of Rs.1578.80 on 6-Aug-2018

Stay tuned to IndianIPOBlog for latest updates on IPOs and OFSs in Indian markets

Wednesday, March 6, 2019

Endurance Technologies Offer for Sale

March 06, 2019 0
Endurance Technologies Offer for Sale
Offer for Sale - OFS
Company: Endurance Technologies Limited
Bloomberg Code: ENDU IN EQUITY
Selling Shareholder: Mr. Anurang Jain (Promoter of the Company)
Offer size: 6,363,637 equity shares (Base size) with face value of INR 10 per equity share with an oversubscription option of 4,189,051 equity shares (Oversubscription size)
Floor Price: INR 1,100.00 per share (Discount of 12.6% to Last Close Price of INR 1,259.30 as on March 5, 2019 on NSE)
Offer Size at Floor Price: INR 7,000 MM i.e. USD 98.9 MM (Base size) and INR 4,608 MM i.e. USD 65.1 MM (Oversubscription Size)
Public Announcement and Floor Price Announcement (T-1): Tuesday, March 5, 2019
Trade Date for non-Retail investors (T): Wednesday, March 6, 2019
Trade Date for Retail Investors (T+1): Thursday, March 7, 2019
Selling Broker: Axis Capital Limited

Friday, February 8, 2019

Mazgaon Dock IPO upcoming till month end

February 08, 2019 0
Mazgaon Dock IPO upcoming till month end
State-owned Mazagon Dock Shipbuilders is likely to raise Rs 500-600 crore through an initial public offer (IPO) by the end of this month, a senior company official said Wednesday. The public sector undertaking had in August last year received Sebi's go ahead to float the initial share sale.

Mazagon, a leading shipyard of the country, would see sale of over 2.24 crore equity shares, amounting to 10 percent stake of the government.

The offer will also have a portion for employees, which will not exceed 5 per cent of the post offer paid up equity share capital of the company.

The IPO is part of the government's efforts to garner Rs 80,000 crore through stake sales in state-owned companies in 2018-19.

Thursday, February 7, 2019

Amidst tough times, Anil Ambani led Reliance General re-files for IPO

February 07, 2019 0
Amidst tough times, Anil Ambani led Reliance General re-files for IPO
This one's clearly a surprise!

In a market with heavy negative investor sentiment, the Anil Ambani-led Reliance group is planning an initial public offering (IPO) of a group company as early as this financial year. Reliance General Insurance Company will re-file its IPO document with market regulator Securities and Exchange Board of India (Sebi) this week, according to investment banking sources.

The company is hoping to obtain pending regulatory approvals soon, and targeting to list before March-end

Reliance General had all the approvals in place last year, but couldn't launch its IPO because of challenging market conditions and negative sentiments towards the group companies. While not much has changed on that front, the company and bankers are hopeful that the issue would sail through as the general insurer has shown an improvement in performance.

It will be intriguing to note how market will react to this given the heavy negative publicity towards ADAG

Source: BusinessStandard

Wednesday, January 2, 2019

KPI Global (SME IPO) Details

January 02, 2019 0
KPI Global (SME IPO) Details
KPI Global (SME IPO) Details

Issue Open Jan 8, 2019 - Jan 11, 2019

Issue Type Fixed Price Issue IPO

Issue Size 4,992,000 Eq Shares of Rs 10

Face Value Rs 10 Per Equity Share

Issue Price Rs 80 Per Equity Share

Bid Lot        1600 Shares

Tuesday, January 1, 2019

KPI Global IPO (SME IPO) opens January 8

January 01, 2019 0
KPI Global IPO (SME IPO) opens January 8
The first SME IPO for 2019: KPI Global IPO would open for subscription from January 8, 2019. The IPO would remain open for subscription till January 11, 2019

K.P.I. Global Infrastructure Limited is a company engaged in solar power generation. The company provides solar power, both as an Independent Power Producer under the brand name of 'Solarism' and as a service provider to Captive Power Producer ("CPP") customers.

K.P.I Global builds, owns, operates and maintains grid-connected solar power projects as IPP. It generates revenue by entering into Power Purchase Agreements with third parties for selling power generated through its solar projects. It has entered into bilateral PPA's with reputed businesses such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.

Stay tuned for more on KPI Global Infrastructure SME IPO

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