AU Small Finance Bank IPO - Basis Allotment for Retail category : 151 out of every 435 applicants have been allotted minimum shares
Showing posts with label IPO in June 2017. Show all posts
Showing posts with label IPO in June 2017. Show all posts
Thursday, July 6, 2017
Saturday, July 1, 2017
AU Small Finance Bank IPO - Final subscription status
IndianIPOBlog
July 01, 2017
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QIB subscription: 78.77 times
HNI subscription: 143.51 times
Retail subscription: 3.52 times
Employees subscription: 1.45 times
Overall subscription: 53.60 times
HNI subscription: 143.51 times
Retail subscription: 3.52 times
Employees subscription: 1.45 times
Overall subscription: 53.60 times
Thursday, June 29, 2017
CDSL IPO Allotment Status declared
IndianIPOBlog
June 29, 2017
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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
AU Small Finance Bank IPO - Brokerage recommendation summary
IndianIPOBlog
June 28, 2017
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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.
Recommend investors to subscribe to the issue only with a long-term investment horizon.
KR Chocksey
We recommend subscribe rating to long-term investors.
We recommend subscribe rating to long-term investors.
IIFL
We recommend a subscribe rating.
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.
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.
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,
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.
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
Premium valuations justified, We recommend subscribe rating on the issue
AU Small Finance Bank IPO - Brokerage recommendation summary
IndianIPOBlog
June 28, 2017
0
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?
IndianIPOBlog
June 28, 2017
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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
IndianIPOBlog
June 25, 2017
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Tentative Listing dates of IPOs in June 2017
Tejas Networks IPO
27th June – Listing on NSE & BSE
27th June – Listing on NSE & BSE
Eris LifeSciences IPO
29th June – Listing on NSE & BSE
29th June – Listing on NSE & BSE
CDSL IPO
30th June – Listing on NSE only
30th June – Listing on NSE only
AU Financiers (Small Bank) IPO
07th July – Listing on NSE & BSE
07th July – Listing on NSE & BSE
GTPL IPO
03rd July – Listing on NSE & BSE
03rd July – Listing on NSE & BSE