SBI Life IPO – Stretched Valuation; Euphoria in IPO Space

SBI Life IPO – Stretched Valuation; Euphoria in IPO Space

Issue Date: Sep 20, 2017 – Sep 22, 2017 Face Value: INR 10 per equity share Issue Type: Book Built Issue IPO Issue Size: Offer for Sale of 120,000,000 Equity Shares Issue Size: Rs 8,400.00 Cr Price Band: Rs 685 – Rs 700 Per Equity Share Market Lot: 21 Shares approx Minimum Order Quantity: 21 Shares Listing at: BSE, NSE   About the company SBI Life Insurance Company Limited (SBI Life) is the largest life insurance company in  India in terms of New Business Premium (NBP) with the highest 20.04% market share. It was incorporated in March 2001 as a joint venture between largest PSU bank SBI(74%) and global insurance company BNP Paribas Cardif (BNPPC) (26%) with equity capital of Rs.125Cr. Initially, the business was operated only through the agency channel with 719 advisors and by end of FY03 bancassurance channel was launched, which has now become an immense network covering rural and urban India. In FY06,SBI Life became […]

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ICICI Lombard IPO – Stretched Valuation; Taking advantage of Euphoria

ICICI Lombard IPO – Stretched Valuation; Taking advantage of Euphoria

Issue Date: Sep 15, 2017 – Sep 19, 2017 Face Value: INR 10 per equity share Issue Type: Book Built Issue IPO Issue Size: Offer for Sale of 8,62,40,000 shares Issue Size: INR 5,700 Cr. Price Band: INR Rs 651 – 661 per equity share Market Lot: 22 Shares approx Minimum Order Quantity: 22 Shares Listing at: BSE, NSE   About the company ICICI Lombard General Insurance Company Limited largest private‐sector non‐life insurer in India based on gross direct premium income in fiscal 2017. Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture between with ICICI Bank Limited and Fairfax Holdings Canada.   It offers customers a range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. In fiscal 2017, the company issued approximately 17.7 million policies and their gross direct premium income was Rs.107.25 billion, translating into a market share, on a gross direct […]

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Matrimony IPO; Not yet reached an inflection point

Issue Date: Sep 11, 2017 – Sep 13, 2017  Face Value: INR 5 per equity share  Issue Type: Book Built Issue IPO  Issue Size: Offer for Sale of 3,767,254 shares  Issue Size: INR 130 Cr.  Price Band: INR Rs 983 to Rs 985 per equity share (10% discount on the issue price to the retail individual investors)  Market Lot: 15 Shares  Minimum Order Quantity: 15 Shares  Listing at: BSE, NSE   About the Company Founded in 2001, Matrimony.com is a leading provider of online matchmaking services in India, in terms of average number of unique website page views in June’17. It provides matchmaking services to users in India and Indians located across globe through its websites, mobile sites and mobile apps, besides 140 retail outlets located across India. Its specialized brands BharatMatrimony.com, CommunityMatrimony.com and EliteMatrimony.com are well established in India. Along with online matchmaking services, it also provides marriage services in […]

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Hope Investing in Small cap stocks!

Often in Bull markets, Small cap stocks send retail investor into frenzy. Steep gains in matter of months lure them into allocating more and more funds on their next bet. Lets say, a newbie starts with 10,000 in a stock on friend’s advice and the stock doubles. He regrets betting just 10,000, next time he makes up his mind to bet more. Next 2-3 occasions tend to be equally rewarding. Then one fine day when he bets 10,00,000, a big chunk of his savings, the markets dooms and most of those stocks never seem to recover for years. This is typically happens near new all time highs. He gives up on equity investing calling it a gamble and equity since then becomes something close to social stigma. The joy of instant gratification is what we seek. However, investing is more about delayed gratification. You put away small sums now, and […]

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Nifty@MRP Dec 2016-1

Nifty@MRP Suggest Markets Are Overvalued, What Should Investors Do?

What is Nifty@MRP? As investors, we constantly track the Nifty movements. To make investing more profitable and not a game of mere chance, we need a solution, a solution which could help us identify whether the market is grossly depressed or irrationally exuberant. This is exactly what Nifty @ MRP is for! What is the latest value of Nifty@MRP? For Dec’16, considering the free float market capitalization at the MRP of individual stocks and the share price data as of 28 February, 2017, the Nifty@MRP is at 8693. On 28h February, NSE Nifty index closed at 8879.6, which is ~2% or 187 points above the Nifty@MRP. It indicates that the index is slightly overvalued. As of 7 March, 2017, closing index value of 8946.9, Nifty is ~3% overvalued. Future Outlook Nifty has gained almost 2.3% since we last released our last Nifty@MRP on August 31, 2016. However, with the December […]

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