A stock might be the right to own a piece of a business, and the intrinsic value of the stock was something you could estimate, but with a margin of safety, you can sleep at night. Warren Buffett Have you ever wondered how investment decisions are made? Does ‘Margin of Safety’ ring any bell? Well, ‘Margin of Safety’, as experts say, is the key to value investing. If value investing is being discussed, Seth Klarman’s name is bound to come into the picture. Seth Klarman is the author of the [...]Read more
Details of the issue: Issue Date: May 20, 2013 – May 22, 2013 Face Value: INR 10 per equity share Issue Type: 100% Book Built Issue IPO Issue Size: 17,497,458 equity shares of INR 10 Issue Size: INR 822.38 Cr. – 950.11 Cr. Price Band: INR 470 – INR 543 per equity Share (10% discount on the issue price to the retail individual investors) Safety net arrangement: A safety net to the resident in India in accordance with the SEBI regulations Market Lot: 25 Shares Minimum Order Quantity: 25 shares Listing at: BSE, NSE, MCX-SX So, what’s the offer for sale? Here’s the review of the Just Dial IPO.. Just Dial, one of the initial companies to offer local search services in India is coming up with a public offer for sale of 17,497,458 equity shares of INR 10 each by the selling shareholders. The issue is being carried out [...]Read more
Have you ever come across a book which fundamentally altered your idea about yourself? Renowned Psychologist & Nobel Laureate in Economics, Daniel Kahneman, by writing “Thinking Fast & Slow”, has achieved just that. In the process, he has uncovered many secrets behind the various quirks of our mind which influence the way we make decisions under risk. As an investor, aren’t we faced with the possibility of risk every time? Aren’t we always keen to know more about the deep, murky secrets of human mind that can affect our wealth and happiness? The answer is ‘YES’. To unlock the answers to these questions, please read on! Why are we always in two minds? The answer lies in the 1st Part of the book, wherein we are introduced to what the author has called as ‘Two Systems’. These are the two characters of our story: System 1 – The intuitive, impatient, [...]Read more
“I like to say success carries within itself the seeds of failure, and failure the seeds of success.” Way back in 2006, I had watched a movie named “Gafla” and since then, stock investing fascinated me. The thought of stock investing has always been at the back of my mind. But things aren’t that easy and simple in real life as they are portrayed in movies. I was left with an open ended sack of questions, like: How do I invest and which stocks should I go for? How do I decide the time to enter and exit the stocks? What are the dos and don’ts? How should I evaluate my portfolio? I started surfing the net to find solutions to my problems. This is where a review on ‘The most important thing’ by Howard Marks, chairman of Oaktree Capital Management, caught my eye. Well, the book doesn’t require praise [...]Read more
Rajiv Gandhi Equity Savings Scheme (RGESS) – Lucrative OR just another tax saving scheme in the offering?
It is that time of the year, when salaried employees are busy with the tax planning for the new financial year. Avenues are being finalized which would give them maximum tax deduction. Rajiv Gandhi Equity Savings Scheme (RGESS) is one such tax saving option introduced recently. RGESS was announced in the Union Budget 2012-13, with the aim of attracting retail investors to the capital market. Further, the Union Budget 2013-14 announced modifications to the scheme, to divert investments from gold and other asset classes to equity markets. Since the announcement, there was confusion surrounding RGESS regarding first time investors, eligible securities and lock in period, which have, now, been cleared in the Union Budget 2013-14. Let’s first try to understand some of these terminologies which are important in understanding the overall concept of RGESS. RGESS is meant to attract ‘first time investors’ to the equity markets. However, the definition of [...]Read more