QIB: 8.17 times
HNI: 0.82 times
Retail: 1.18 times
Shareholders: 0.98 times
Overall: 2.95 times
Showing posts with label IPO in September 2017. Show all posts
Showing posts with label IPO in September 2017. Show all posts
Tuesday, September 19, 2017
ICICI Lombard IPO Final Subscription status
IndianIPOBlog
September 19, 2017
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SBI Life's multi million dollar IPO to open from tomorrow Sep 20
IndianIPOBlog
September 19, 2017
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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
IndianIPOBlog
September 19, 2017
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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
IndianIPOBlog
September 19, 2017
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QIB: 7.35 times
HNI: 0.59 times
Retail: 1.08 times
Shareholders: 0.93 times
Overall: 2.64 times
Monday, September 18, 2017
ICICI Lombard IPO - Subscription status on Day 2
IndianIPOBlog
September 18, 2017
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QIB: 2.37 times
HNI: 0.10 times
Retail: 0.62 times
Others: 0.58 times
Overall: 0.98 times
HNI: 0.10 times
Retail: 0.62 times
Others: 0.58 times
Overall: 0.98 times
Friday, September 15, 2017
ICICI Lombard IPO - Subscription status on Day 1
IndianIPOBlog
September 15, 2017
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QIB: 0.62x
HNI: 0.04x
Retail: 0.18x
Shareholders: 0.22x
Overall: 0.27 times
Capacite Infraprojects IPO Final subscription status
IndianIPOBlog
September 15, 2017
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QIB: 134.00 times
HNI: 651.07 times
Retail: 17.76 times
Overall: 186.68 times
ICICI Lombard IPO Review
IndianIPOBlog
September 15, 2017
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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
Wednesday, September 13, 2017
Matrimony.com IPO - Final Subscription Status
IndianIPOBlog
September 13, 2017
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QIB: 1.88 times
HNI: 0.41 times
Retail: 16.79 times
Employees: 3.21 times
Overall: 4.18 times
HNI: 0.41 times
Retail: 16.79 times
Employees: 3.21 times
Overall: 4.18 times
Capacite Infra IPO - Subscription Status on Day 1
IndianIPOBlog
September 13, 2017
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QIB: 1.74 times
HNI: 0.11 times
Retail: 1.55 times
Overall: 1.30 times
HNI: 0.11 times
Retail: 1.55 times
Overall: 1.30 times
Capacite Infra IPO Details
IndianIPOBlog
September 13, 2017
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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
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
IndianIPOBlog
September 13, 2017
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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
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
Tuesday, September 12, 2017
SBI Life IPO Details
IndianIPOBlog
September 12, 2017
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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)
IndianIPOBlog
September 12, 2017
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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
IndianIPOBlog
September 08, 2017
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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
Thursday, September 7, 2017
ICICI Lombard IPO opens from Sep 15
IndianIPOBlog
September 07, 2017
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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!
Wednesday, September 6, 2017
Dixon Technologies IPO - Is it worth subscribing?
IndianIPOBlog
September 06, 2017
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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 (India) IPO - Company profile
IndianIPOBlog
September 06, 2017
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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
IndianIPOBlog
September 04, 2017
0
Matrimony.com Limited IPO Details
IPO opens on: Sept 11, 2017
IPO closes on: Sept 13, 2017
Prize Band: INR 983 to 985
Face value: Rs. 5/-
Bid Lot: 15 Shares
Discount to Retail: Rs. 98/-