Indian IPO Blog: Upcoming IPO in 2017
Showing posts with label Upcoming IPO in 2017. Show all posts
Showing posts with label Upcoming IPO in 2017. Show all posts

Thursday, October 19, 2017

Mahindra Logistics IPO Details

October 19, 2017 0
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

October 16, 2017 0
HDFC Life IPO gets green signal
HDFC Standard Life Insurance Company has received capital markets regulator Securities and Exchange Board of India (SEBI)'s go ahead to raise an estimated Rs 7,500 crore through an initial public offering.

The insurance firm had filed draft papers with SEBI in August and obtained its "observations" on October 13, which is very necessary for any company to launch public offer

The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 percent stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 percent, holding by Standard Life Mauritius, according to the draft red herring prospectus (DRHP) filed with SEBI

Currently, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent, while the remaining is with employees and PremjiInvest.

Monday, October 9, 2017

General Insurance Corporation (GIC) of India IPO Details

October 09, 2017 0
General Insurance Corporation (GIC) of India IPO Details
Issue opens on: Oct 11, 2017
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

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

Thursday, September 7, 2017

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

Tuesday, August 1, 2017

Upcoming IPOs in 2017

August 01, 2017 0
Upcoming IPOs in 2017

1. *Cochin Shipyard IPO*

Cochin Shipyard Limited, one of the leading Shipbuilding and Ship repairing Company in India.

Cochin Shipyard IPO is being issued to fund 2 major infras expenditure projects i.e International Ship Repair facility for Rs 970 Crores and Construction of New Dry Dock for Rs 1,799 Crores.

The issue size is approx. Rs 2,700 Crores.

The issue price is Rs 424 to Rs 428 approx and change.

Cochin Shipyard IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 2,107 Crores for FY16 to Rs 2,222 Crores for FY17.

Its profits are increased from Rs 272 Crores for FY16 to Rs 322 Crores for FY17.

IPO would open for subscription on 1st August, 2017. 

2. *Security and Intelligence Services IPO (SIS IPO)*

The firm provides security solutions and business support services to a wide range of customers across India and Australia.

The issue size expected approx. for Rs 500 Crores.

Proceeds of the issue will be utilised towards repayment of loan, funding working capital requirements and for general corporate purposes.

The issue price is Rs 810 to Rs 815 per share. SIS IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 3,850 Crores for FY16 to Rs 4,577 Crores for FY17. 

Its profits are increased from Rs 64 Crores for FY16 to Rs 90.5 Crores for FY17. 

It got SEBI approval in Jan-2017, however there is delay in IPO.

IPO is opening for subscription on 31st July, 2017

3. *Shalby Hospitals IPO*

Shalby Hospitals is a multi speciality hospital chain operator in India. Its hospitals are tertiary care hospitals, few of which also offer quaternary healthcare services to patients in various areas of specialisation such as orthopaedics, complex joint replacements, cardiology, neurology, oncology, and renal transplantations. They provide inpatient and outpatient healthcare services through eight fully operational hospitals, having an aggregate operational bed count of 781 beds, as on March 31, 2017.

The issue size is contains fresh issue of approx. Rs 580 Crores + Offer for sale for 10 Lakh shares from promoters.

The issue price is yet to be known.

Shalby Hospitals IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 265 Crores for FY15 to Rs 289 Crores for FY16. For 9 month ended Dec-16, its revenues are at Rs 244 Crores.

Its profits are increased from Rs 28 Crores for FY15 to Rs 39.6 Crores for FY16. For 9 months ended Dec-16, its profits are at Rs 47.5 Crores.

It got SEBI approval for its IPO on 18 July, 2017.

IPO is expected in August, 2017.

 4. *Capacite Infra Projects IPO*

Mumbai-based construction company Capacit’e Infraprojects Ltd received SEBI approval last month in June for its IPO.

The company will use the proceeds for working capital requirements, purchase of capital assets and general corporate purposes.

The issue size is Rs 400 Crores approx. The issue price is yet to be known.

Capacite InfraProjects IPO would get listed on BSE/NSE.

The company’s consolidated revenue grew from Rs 214 crore in FY14 to Rs 853 crore in FY16 and Rs 847 crore for the nine-month period ended 31 December, 2016.

It got SEBI approval for its IPO in June, 2017.

IPO is expected in August, 2017.

5. *Apex Frozen IPO*

Andhra Pradesh-based Apex Frozen is the integrated producer and exporter of shelf stable quality aquaculture products. It supplies ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors.

Apex Frozen’s IPO proceeds will be used for setting up a new shrimp processing unit in East Godavari district, Andhra Pradesh, and general corporate purposes.

The initial offer will comprise a fresh issue of 72.5 lakh shares and on offer for sale (OFS) of up to 14.5 lakh by the existing shareholders, according to the draft red herring prospectus (DRHP). The issue price is yet to be known.

Apex Frozenfoods IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 604 Crores for FY15 to Rs 608 Crores for FY16. For 9 month ended Dec-16, its revenues are at Rs 541 Crores.

Its profits are increased from Rs 18.3 Crores for FY15 to Rs 19.3 Crores for FY16. For 9 months ended Dec-16, its profits are at Rs 16.3 Crores.

It got SEBI approval recently in July, 2017

IPO is expected by end of August, 2017.

6. *Matrimony.com IPO*

Matrimony.com runs online match business under bharatmatrimony brand.

The issue size is approx. Rs 350 Crores consisting of fresh issue of Rs 130 Crores and Offer for sale of 37.67 Lakh shares.

The issue price is yet to be known. Matrimony.com IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 255 Crores for FY16 to Rs 292 Crores for FY17.

Its incurred loss of Rs 75 Crores for FY16 and profit of Rs 43.8 Crores for FY17. Matrimony.com IPO got SEBI approval on 18 July, 2017.

Expected date of the IPO is in August, 2017. 

 7. *Khadim India IPO*

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Khadim India is leading footwear brand and 2 largest footwear retailer in India in terms of retail stores. It has 829 Khadim Branded exclusive retail showrooms in 23 states across India.

Size of the issue is yet to be known. The issue price is yet to be known.

Khadim India IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 538 Crores for FY16 to Rs 625 Crores for FY17.

Its profits are increased from Rs 25 Crores for FY16 to Rs 30.7 Crores for FY17.

Khadim India IPO has submitted Draft Red Hearing Prospectus (DRHP) in 1 week of July IPO is expected in Aug or early September, 2017.

8 *SBI Life Insurance IPO*

SBI Life Insurance which is joint venture between SBI and BNP Paribas Cardif is the 2 life insurance company that is coming up for IPO after ICICI Life Insurance. They are India’s leading private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010.

They have also increased its market share of New Business Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04% in Fiscal 2017.

The issue price is yet to be known. SBI Life Insurance IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 15,665 Crores for FY16 to Rs 20,852 Crores for FY17.

Its profits are increased from Rs 3,690 Crores for FY16 to Rs 4,464 Crores for FY17.

It has filed DRHP on 17 July, 2017 with SEBI.

IPO is expected in September, 2017.

9 *ICICI Lombard Insurance IPO*

It is a joint venture between ICICI Bank and Fairfax. It is first non life insurance company in India that is coming up for IPO. 

They were the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017, a position they have maintained since fiscal 2004 after being one of the first few private

sector companies to commence operations in the sector in fiscal 2001. They offer its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. They were founded as a joint venture between ICICI Bank Limited, India’s largest private-sector bank in terms of consolidated total

Assets with an asset base of Rs 9.9 trillion at March 31, 2017, and Fairfax Financial Holdings Limited, a Canadian based holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management with US$43.38 billion of total assets at December 31, 2016.

The issue price is yet to be known. ICICI Lombard Insurance IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 5,804 Crores for FY16 to Rs 7,180 Crores for FY17.

Its profits are increased from Rs 5,040 Crores for FY16 to Rs 6,221 Crores for FY17.

ICICI Lombard General Insurance has filed DRHP on 14 July, 2017 with SEBI.

IPO is expected in September, 2017.

10 *Pratap Snacks IPO*

They are one of the top six Indian snack food companies in terms of revenues in 2016, and among the fastest growing companies in the Indian organised snack market between 2010 and 2016. Based on the FS Report, the snacks market in India is estimated at approximately 550 billion, out of which organised snack market is estimated at 220 billion and grew at a CAGR of 14% between 2012 and 2016. With increasing competition and cost pressure, there has been a gradual shift from an unorganized to organized sector across the various product segments. They are present in three major savoury snack food categories in India and all its products are sold under the Yellow Diamond brand.

The issue price is yet to be known. IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 758 Crores for FY16 to Rs 905 Crores for FY17.

Its profits are decreased from Rs 27 Crores for FY16 to Rs 9.8 Crores for FY17.

It has filed DRHP in last week of June, 2017 with SEBI.

IPO Share IPO Prospectus IPO

IPO is expected in August or September, 2017.

11 *HDFC Life Insurance IPO*

It is 3 biggest life insurance company in India. The issue price is yet to be known.

The IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 16,313 Crores for FY16 to Rs 19,445 Crores for FY17.

Its profits are increased from Rs 818 Crores for FY16 to Rs 892 Crores for FY17.

It is planning to file DRHP with SEBI very soon. Since the process may take time.

it is unlikely that this IPO would come before Sep, 2017

Tuesday, July 18, 2017

Cochin Shipyard IPO Tentative schedule

July 18, 2017 0
Cochin Shipyard IPO Tentative schedule

IPO Opens on: 26-July-2017
IPO Closes on: 28-July-2017
Basis of Allotment:- 02-August-2017
Refunds: 03-August-2017
Credit to demat accounts: 04-August-2017
Listing on: 07-August-2017

Monday, July 17, 2017

Cochin ShipYard IPO Details (Tentative)

July 17, 2017 0
Cochin ShipYard IPO Details (Tentative)

Cochin ShipYard IPO – Issue Information (Tentative)

Issue Opens on: 26 July 2017
Issue Closes on: 28 July 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,39,84,000 Equity Shares
Face Value: Rs 10 per Equity Share
Price Band: Rs.424 – Rs.428 per Equity Share (QIB & NII)
Discount: Rs.4 per Equity Share (RII & Employees)
Market Lot: 35 shares
Listing At: NSE, BSE

Saturday, July 8, 2017

Salaskar Techno Engineering IPO opens from Jul 12

July 08, 2017 0
Salaskar Techno Engineering IPO opens from Jul 12
Salasar Techno Engineering Limited, a provider of customised steel fabrication and infrastructure solutions in India, is coming up with an IPO which would open for subscription from Jul 12, 2017

The IPO is a Fixed Price Issue, which means there will be no price band defined

Details of Salaskar Techno Engineering IPO are as given below:
Issue Size: 3,321,000 Equity Shares of Rs. 10/- each
Issue opens on: July 12, 2017
Issue closes on: July 17, 2017
Issue Type: Fixed price Issue IPO
Face Value: Rs.10/- per equity share
Price band: Rs.108/- per equity share
Market Lot: 125 Shares
Minimum Order Quantity: 125 Shares
Minimum Application: Rs.13,500
Listing At: NSE & BSE

Salaskar Techno Engineering IPO - Company Profile

July 08, 2017 0
Salaskar Techno Engineering IPO - Company Profile
Salasar Techno Engineering Limited is a provider of customised steel fabrication and infrastructure solutions in India for Telecommunication Towers, Transmission Towers & Substation Structures and Solar Module Mounting Structures. The objective of the Company is to supply customized, high-quality material to its impressive and ever-growing clientele.

STEL provide 360 degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Their products include Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures, Solar Module Mounting Structures and Customized Galvanized & Non-galvanized steel structures. Their services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.

STEL commenced its manufacturing / fabrication activities in the Financial Year 2006-07 when first unit became operational. With the addition of a second unit in 2008-09, their Company now provides all kinds of steel fabrication and infrastructure solutions in addition to Telecom Towers and its projects have been executed in all kinds of geographical locations nationally.
In addition to manufacturing/fabrication, company also undertake civil foundation work, erection of towers both telecom & transmission at site including painting. They have also undertaken EPC Turnkey projects for solar mounting structures for their clients.

STEL has a strong customer profile and caters to the leading names in India. These relationships have allowed them to carry out massive touchstone projects such as establishing Transmission and Substation for U.P. Power Transmission Corporation Ltd, Tata Power Delhi Distribution Ltd., Unitech Power Transmission Ltd., executing orders of Telecom Towers including erection of towers for ATC India Tower Corporation Pvt Ltd, Indus Towers Ltd, ATC Telecom Infrastructure Pvt Ltd, Bharti Infratel Ltd, Reliance Jio Infocomm Ltd, Tower Vision India Pvt Ltd, Viom Networks Ltd, and supplying Solar Mounting Module Structures for Jakson Engineers Ltd, Prayatna Developers Pvt Ltd, Welspun Renewables Energy Pvt Ltd., Insta Power Energy Efficiency Pvt Ltd etc.

STEL has already manufactured and erected around 10,000 towers of various designs of Angular, Tubular and Hybrid Ground Based Towers (GBT) and Roof Top Towers (RTT) since inception. They have supplied their towers to all the leading Cellular operators & Telecom infrastructure companies like Airtel, Bharti Infratel, Indus Towers, Reliance Infratel, Reliance Jio, Viom Networks, A TC, Tower Vision and GTL with a robust presence in India and International locations of Africa, Asia and Australia

Monday, June 12, 2017

Tejas Networks IPO Dates - Price Band - Bid Lot

June 12, 2017 0
Tejas Networks IPO Dates - Price Band - Bid Lot

Issue opens on: Jun 14, 2017
Issue closes on: Jun 16, 2017
Issue size: Rs.450 Crs vide Fresh Issue and Rs.326 Crs through Offer for Sale
Price Band: Rs.250 to Rs.257 per equity shares
Bid Lot: 55 Equity Shares and in multiples thereof

Log on to http://indianipoblog.blogspot.in for more

Eris Lifesciences IPO Price Band and Details

June 12, 2017 0
Eris Lifesciences IPO Price Band and Details

Issue opens on: Jun 16, 2017
Issue closes on: Jun 20, 2017
Issue size: 28,875,000 Equity Shares of Rs.1 each
Price Band: Rs.600 to Rs.603 per equity shares
Bid Lot: 24 Equity Shares and in multiples thereof

Thursday, June 8, 2017

Tejas Networks IPO - Objects of Issue

June 08, 2017 0
Tejas Networks IPO - Objects of Issue

The Offer comprises the Fresh Issue and the Offer for Sale.

1. Offer for Sale - The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue - Company proposes to utilize the Net Proceeds towards funding the following objects:

A. Capital expenditure towards payment of salaries and wages of research and development team;
B. Working capital requirement; and
C. General corporate purposes.

Monday, June 5, 2017

CDSL IPO Dates and Details

June 05, 2017 0
CDSL IPO Dates and Details

Issue Opens on : 19 June 2017
Issue Closes on: 21 June 2017
Price Band : Rs 113 – Rs 115 per equity share
Market Lot : 130 equity shares
Minimum Investment : Rs 14,950
Listing on: NSE, BSE

Friday, June 2, 2017

Upcoming IPOs in June 2017

June 02, 2017 0
Upcoming IPOs in June 2017

Following IPOs are expected to hit the streets in June 2017. Tentative Dates and details given below

1) Tejas Network IPO
     IPO Dates - June 12 - June 14, 2017
     Issue Size - 800 cr
     Retail portion - 10%

2) Eris Lifescience IPO
    IPO Dates - June 13 to June 15, 2017
    Issue Size - 1800 cr
    Retail portion - 10%

3) CDSL IPO
    IPO Dates - June 19 to June 21, 2017
    Issue Size - 400 cr
    Retail portion - 35%

4) A U Financials IPO
    Dates - June 22 to June 24, 2017

5) GTPL IPO
    Dates - 3rd or 4th week of June 2017

6) Pratap Snacks IPO
    Dates - 3rd or 4th week of June 2017

Thursday, May 11, 2017

PSP Projects IPO Details

May 11, 2017 0
PSP Projects IPO Details

PSP Projects IPO Details

IPO opens on: May 17, 2017
IPO closes on : May 19, 2017
Price band: Rs.205 to Rs.210 per equity share
Bid lot: 70 Equity shares and in multiples thereof
Minimum application: Rs.14700

Friday, April 28, 2017

IRB InvIT Fund IPO to open on May 3

April 28, 2017 0
IRB InvIT Fund IPO to open on May 3
IRB InvIT Fund, which is sponsored by road developer IRB Infrastructure Limited will open its initial public offering for subscription on May 3, 2017

The issue comprised of a fresh issue aggregating up to Rs 4,300 crore by the Trust and an offer for sale of up to 3,47,61,770 units by IRB Infrastructure Developers, Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited

The price band IRB InvFund IPO is fixed at Rs 100-102 per share. The bids can be made for a minimum of 10,000 units and in multiples of 5,000 units thereafter.

Minimum application size for bidders other than anchor investors and strategic investors bidding in the anchor investor portion is Rs.10 lakh

The issue is being made through the book building process and in compliance with the InvIT regulations, wherein not more than 75% of the issue shall be available for allocation on a proportionate basis to institutional bidders.

Further, not less than 25% of the issue shall be available for allocation on a proportionate basis to other bidders, in accordance with the InvIT regulations.
IRB Infrastructure, which is the investment manager, reserves the option to retain oversubscription of up to 25% of the issue size in accordance with the InvIT regulations. The issue will constitute at least 25% of the total outstanding units on a post-issue basis

Stay tuned to Indian IPO Blog for more on this IPO

Thursday, April 27, 2017

S Chand IPO - Here's what brokerage houses have to say

April 27, 2017 0
S Chand IPO - Here's what brokerage houses have to say
S Chand and Company IPO is open for subscription between Apr 26 and Apr 28. Here's what these brokerage houses have to say about the IPO:

GEPL Capital : Subscribe
S Chand & Company Ltd (SCHAND) stands to gain from operating leverage. At a P/E of 35xs of FY16 EPS. We believe that SCHAND. demands a discount to its domestic peers. We assign a Subscribe rating to the IPO.

LKP Research : Subscribe
We believe that its 7 decade legacy, leadership in K-12 education content market, strong margin & growth prospects have been captured well at the valuations of ₹ 660-670 per share where the scrip would trade at 39XFY16 earnings. We recommend a SUBSCRIBE on the S Chand IPO for listing gains.

Angel Broking : Subscribe
considering the company’s leadership position in K-12 market, strong brand recall and pan India reach along with higher revenue/PAT growth (revenue/PAT grew at a CAGR of 33%/36% over FY2012-16 v/s 11%/7.5% of Navneet), we believe that SCCL is rightly placed for further growth. Thus, we recommend a SUBSCRIBE on the issue.

Prabhudas Lilladher : Subscribe
considering strong parentage, branded portfolio, professional management, reducing debt profile post IPO, good growth opportunity & limited listed opportunities to play the Publishing segment, recommend ‘subscribe’ with a long term objective.

Hem Securities : Subscribe
At higher end of price band of Rs 660-670 ,co is bringing the issue p/e multiple of around 31. However looking after fundamentals like high growth prospects , strong brand name & leading position of co , we recommend "Subscribe" on issue for long term.

SMC Global Securities Ltd. : Subscribe ( 3 stars i.e. Fair)
The sales seasonality in its K-12 segment materially affects its operating revenue, margins and cash flows from quarter to quarter. Accordingly, as per the management estimates, its operating revenues and margins during the first three Fiscal quarters have typically been lower, compared to the fourth Fiscal quarter. Considering the seasonality of the business, an investor with long term prospect may opt the issue.

SPTULSIAN.com : Avoid
At Rs. 670, company’s market cap will be Rs. 2,325 crore and EV Rs. 2,458 crore. Based on estimated FY17 and FY18 EPS of about Rs. 21 and Rs. 26 respectively (including Chhaya), the PE multiples are 31x and 25x respectively. EV/EBITDA multiples are 14x and 12x for FY17 and FY18 respectively, which are quite rich. On expensive valuations, investors can give this IPO a miss.

DSIJ.in : Avoid
In the long run, we expect the company may give returns of about ~10% to its investors which is not so promising. Looking at margins pressure, lower growth prospects and high valuation, we recommend our investors to avoid subscribing to this IPO.

MONEYCONTROL.com : Avoid
At the upper price band of Rs 670, SCCL seems to be valued at approximately 45x FY17 (projected) earnings, which, in our opinion, is costlier than Navneet Education (trading at 25x FY17 expected earnings), which has a more diversified business model and comparatively better operational/return ratios. We suggest the investors to avoid the issue for the time being and wait for a better re-entry opportunity in the secondary market.

HUDCO IPO Issue size (Categorywise)

April 27, 2017 0
HUDCO IPO Issue size (Categorywise)
HUDCO IPO Issue Size:
Equity Shares outstanding prior to the Issue = 2,00,19,00,000 Equity Shares
Offer for Sale of 20,40,58,747 Equity Shares @50/- aggregating up to Rs.1020.29 Crores
Equity Shares outstanding after the Issue = 2,00,19,00,000 Equity Shares

Category-wise Break up:
Anchor – 6,00,57,000 Shares = 300.29Crs.
Net QIB – 4,00,38,000 Shares = 200.19Crs
NII – 3,00,28,500 Shares = 150.14Crs
RII – 7,00,66,500 Shares = 350.33Crs (Lot size: 300 = 233,555 Forms)
Employees – 38,68,747 Shares = 19.34Crs
Total Issue – 20,40,58,747 Equity Shares = 1020.29Crs

HUDCO IPO Details (Tentative)

April 27, 2017 0
HUDCO IPO Details (Tentative)

Issue Opens on: 08 May 2017
Issue Closes on: 11 May 2017
Issue Type: Book Built Issue IPO
Issue Size: 20,40,58,747 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.56 – Rs.60 per equity share
Market Lot: 200 shares
Listing At: NSE, BSE