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16. bangalore king  Jul 8, 2017 6:16:53 PM IST Reply

Central Depository Services (India) Limited IPO

CDSL allotment makes investors furious
None of the group applicants with 40-50 applications got a single share
Why allotment ratio fixed at 3:43 instead of 1:14 ?

CDSL IPO got listed at 67% against offer price of Rs 149 and gave 80% return on the listing day. However, the investors/applicants in the issue are not happy. The investors are curious to know who got benefited from the issue? And how many shares were deposited in which account?
It got 23.83 times subscription in retail category so it was believed that out of 15 investors 1 will get 100 shares. In reality, out of 43 applicants three were given 100 shares. So the allotment ratio will be 14:1. In fact, many groups applied with 40-50 applications but none of them got even a single share.
None in the family or friend circle got a single share which has infuriated the applicants.
Why the allotment was declared in ratio of 3:43 instead of 1:14? Was the allotment fixed?


Such questions are haunting the investors.
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16.1. P M  Jul 8, 2017 9:47:07 PM IST

Central Depository Services (India) Limited IPO

There is no much difference in 3:43 or 1:14 the ratio is nearly about same around 7% (6.97% & 7.14%)

multiply 1:14 with 3 = 3:42
is there any difference in (1 out of 14) or (3 out of 43)

It is only like a lottery. Many peoples who purchase lottery in quantities may not even get a single rupee, but one who purchase only one ticket may win a bumper prize.
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15. bangalore king  Jul 5, 2017 8:16:33 PM IST Reply

Univastu India Ltd IPO

Jaipur: Infrastructure firm Salasar Techno Engineering on Wednesday said its initial public offer (IPO) to raise Rs35.86 crore will open on 12 July and close on 17 July.

The public issue comprises 33.21 lakh equity shares of face value of Rs10 each fully paid for cash at a price of Rs108 per equity share aggregating Rs35.86 crore, according to the draft papers.

The issue opens on 12 July 2017 and closes on 17 July 2017, Salasar Techno chairman and MD Alok Kumar said in a press conference here today.
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14. bangalore king  Jun 28, 2017 5:33:48 PM IST Reply

Accord Synergy Ltd IPO

Setting up record for SME I assume !

QIB + HNI 110 Times
Retail 200 times...
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14.1. Rajendrakumar jain  Jun 29, 2017 10:51:43 AM IST

Accord Synergy Ltd IPO

RECORD ????

WOW ??

THE BROKERS WERE OFFERING 30000 SUB TO ALLOTMENT AND INDIAN PEOPLE HAVE AMPLE MONEY IN THEIR SB ACCOUNTS FOR BEING CARRIED AWAY BY THIS 30 FIGURE. LOOSE NOITHING , NOT IN SB ACCOUNT AND IF LUCKY GRAB 30000/-
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13. bangalore king  Jun 27, 2017 11:46:51 PM IST Reply

Tejas Networks Limited IPO

Tejas Networks Limited       

ABU DHABI INVESTMENT       BUY       5,30,000       265.12       
AMANSA HOLDINGS PRIVATE LIMITED       BUY       13,50,000       260.56
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12. bangalore king  Jun 24, 2017 4:43:50 PM IST Reply

Au Financiers (India) Limited IPO

Big premium !

Promoters want to reduce their equity stake, to meet regulatory requirements, by offering shares at hefty valuation to new investors

The Company will not receive any proceeds from the Offer, while Promoters and Promoter Group are also selling shares in the Offer.

AU Small Finance Bank''s EPS for FY2017 works out to Rs 11.46 (excluding exceptional gains). The scrip is offered at P/E multiple of 31 times FY2017 EPS at the lower price band of Rs 355 per share and 31.2 times FY2017 EPS at the higher price band of Rs 358 per share.

The book value (BV) of AU Small Finance Bank is Rs 70.34, while adjusted book value (ABV) stood at 67.91 end March 2017. P/BV works out to 5.1 times and P/ABV works out to 5.3 times at upper price band of Rs 358 per share.

The scrip is offered at significantly higher valuation than the other listed small finance banks, as Equitas Holdings trading at P/BV of 2.34 times and Ujjivan Financial Services at 2.15 times. The ratio is also higher than some of the leading private banks like IndusInd Bank trading at P/BV of 4.32 times and RBL Bank at 4.43 times.
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11. bangalore king  Jun 22, 2017 12:49:06 PM IST Reply

Au Financiers (India) Limited IPO

Totally milked out already !

At the upper band of Rs358, the post money valuation of AU SFB is at 5.3x P/ABV FY17 of ~Rs68 which leaves little scope for any upside in the near term, hence recommend to subscribe to the issue only with a long term investment horizon.
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11.1. Rajkumar Bhuj  Jun 22, 2017 12:55:41 PM IST

Au Financiers (India) Limited IPO

I have similar feeling. GMP seems to be too stretched.
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11.2. Pokemongo  Jun 22, 2017 5:30:32 PM IST

Au Financiers (India) Limited IPO

jjivan price to book value is 3.5.. so better buy that..
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10. bangalore king  Jun 17, 2017 8:08:59 PM IST Reply

Eris Lifesciences Limited IPO

Eris is the fastest growing company total revenue CAGR of 17% in
FY13-17 and CAGR of 29% in Chronic category over the same period.
Another positive about the company is that its EBITDA margins have
expanded to 37% in FY17 from 22% in FY13 led by focus on niche
segments within the chronic category. At upper price band of INR603, the
issue is available at 34x FY17 EPS which is at par with other listed players.
We remain positive on the company and we believe it deserves premium
valuation as 1) it is high growth story led by significant focus on lifestyle
related disorders, 2) significantly higher margins, 3) debt free status and 4)
superior return profile of 45%+ both ROEs and ROCEs. !!
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9. bangalore king  Jun 12, 2017 12:04:42 PM IST Reply

Tejas Networks Limited IPO

Weaknesses

The market is highly competitive with large global competitors like Huawei corporation, Nokia corporation and Ericsson with deep pockets, known brands and much wider technical capabilities compared with TN.

High client concentration as 58% of the revenues comes from BSNL, Bharat Broadband, Bharti Airtel, Aircel and Tata Communication.

Trade receivables, which were at 265 days in FY 2015, have come down to 160 days but continue to remain high and stretch the working capital requirements. Nearly 45% of total consolidated FY 2017 sales are from public sector undertakings. Hence, working capital strain is likely to continue.

Total intangible assets stood at Rs 134 crore in FY 2013 and came down to Rs 83 crore in FY 2017 after the company wrote off intangible investments of Rs 39 crore in FY 2013 and Rs 30 crore in FY 2017. While it positions itself as R&D and technology provider, such write -offs are quite disturbing and affect the financials.

Financial performance is highly fluctuating. There was consolidated loss of Rs 79.04 crore in FY2013, net profit of Rs 2.76 crore in FY2014, loss of Rs 17.87 crore in FY2015, net profit of Rs 29.01 crore in FY2016 and net profit Rs 63.22 crore in FY2017.

A large part of the operating expenses is fixed. Any fall in revenues due to loss of client or any major order can affect the margins and profitability.

Valuation

Consolidated net sales were up 40% to Rs 878.20 crore and the OPM increased from 18% to 19.8%, resulting in a 54% increase in OP to Rs 174.23 crore in FY 2017. With a 147% increase in other income to Rs 8.68 crore, 36% reduction in interest cost to Rs 31.52 crore and 48% spurt in depreciation to Rs 56.42 crore, consolidated PBT was up 227% to Rs 94.97 crore. There was an EO loss of Rs 30.47 crore due to write-off of intangible assets in progress. Thus, PBT after EO stood at Rs 64.50 crore. After providing total tax of Rs 1.28 crore, consolidated PAT stood at Rs 63.22 crore, up 118% over FY 2016.

At the higher price band of Rs 257, the diluted equity share capital stands at Rs 89.54 crore with face value of Rs 10 each. EPS for FY 2017 after considering EO adjustments works out to Rs 10.5. The scrip is offered at P/E multiple of around 24.6 times FY 2017 earnings. There are no listed peers in the line of business.
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8. bangalore king  Jun 12, 2017 10:24:32 AM IST Reply

GTPL Hathway Limited IPO

The capital markets regulator will consider cutting the listing time for initial public offerings (IPOs), allowing alternative investment funds (AIFs) to invest in commodity derivatives and tighten rules for participatory notes (P-Notes) at its 21 June board meeting, two people familiar with the matter said.

The Securities and Exchange Board of India (Sebi) plans to reduce the listing time to four working days from the current six and trim the size of share sale documents, said one of the two people, both of whom requested anonymity.
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7. bangalore king  Jun 7, 2017 8:46:44 PM IST Reply

Eris Lifesciences Limited IPO

BID/OFFER OPENS ON* Friday, June 16, 2017
BID/OFFER CLOSES ON Tuesday, June 20, 2017
FINALIZATION OF BASIS OF ALLOTMENT On or about Friday, June 23, 2017
INITIATION OF REFUNDS FOR ANCHOR INVESTORS/UNBLOCKING OF FUNDS On or about Tuesday, June 27, 2017
CREDIT OF EQUITY SHARES TO DEPOSITORY ACCOUNTS On or about Wednesday, June 28, 2017
COMMENCEMENT OF TRADING Thursday, June 29, 2017
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6. bangalore king  Jun 5, 2017 1:13:48 AM IST Reply

Eris Lifesciences Limited IPO

5K Crore IPOs

http://www.livemint.com/Money/44tcD52b4p7V5d87o4NlWJ/IPOs-worth-Rs5000-crore-lined-up-this-month.html
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6.1. AKH  Jun 7, 2017 11:46:43 AM IST

Eris Lifesciences Limited IPO

Tejas
CDSL
Eris
Au Small Finance
GTPL Hathway
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5. bangalore king  Jun 7, 2017 11:36:21 AM IST Reply

Tejas Networks Limited IPO

Tejas Networks IPO to open June 14, close June 16 and price band at 250 rupees to 257 rupees ... confirmed !
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4. bangalore king  Jun 5, 2017 1:13:29 AM IST Reply

Eris Lifesciences Limited IPO

BSE SME IPO index

http://www.livemint.com/Money/Wn551NwlHaxIcUKtTCtMFP/BSE-SME-IPO-index-surges-53-outperforms-broader-market.html
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3. bangalore king  Jun 2, 2017 10:02:42 AM IST Reply

Central Depository Services (India) Limited IPO

Moderator, open page for this IPO !

Mumbai: Ahmedabad-based pharmaceuticals company Eris Lifesciences Pvt. Ltd plans to launch a Rs2,000 crore initial public offering (IPO) this month, according to two people aware of the development.

“The company and the bankers have been busy with international investor roadshows over the last couple of months. They are in the process of winding up the roadshows, post which the company will finalize the dates for the launch of the IPO and the pricing of the offer. The plan is to launch the IPO before end of June,” said one of the people cited above, requesting anonymity as he is not authorized to speak to the media.

Eris, which filed its share sale prospectus with the Securities and Exchange Board of India in February, received the regulator’s go-ahead in May. Axis Capital, Citibank and Credit Suisse are the bankers to the issue.

Private equity firm ChrysCapital, which holds a 16.25% stake in the company, will sell all of its 22.34 million shares, while founder Amit Bakshi, who holds 39.97%, will sell 0.5%. Other investors selling their shares will include Rakesh Shah, Rajendra Patel, Kausal Shah and Inderjeet Negi.
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3.1. Forum Modulator  Jun 2, 2017 8:10:51 PM IST

Central Depository Services (India) Limited IPO

Hi bangalore king,

Thank you for your message.

We have opened the page for Eris Lifesciences Pvt.

http://www.chittorgarh.com/ipo/eris-lifesciences-ipo/668/

Team Chittorgarh.com

Thank you,

Chittorgarh.com Forum Moderator

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2. bangalore king  Jun 2, 2017 12:04:15 AM IST Reply

Central Depository Services (India) Limited IPO

Securities depository in India, Central Depository Services (India) Limited is planning to come up with initial public offering. After grand listing of BSE Limited with a premium of 35%, investors are bracing for CDSL IPO. The objectives of the IPO are to achieve the benefits of listing and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

The tentative date for the IPO is out. The IPO issue is likely to open on June 19 and closing on June 21, 2017. It is likely to follow book building process wherein price band is fixed at Rs 113 to Rs 115 per equity share. The minimum order quantity is one market lot which constitutes 130 shares.

The issue size stands at 3,51,67,208 equity shares. The category wise break-up for the issue is tabulated below:

Category       Number of Equity Shares       Amount
Anchor investors       1,03,40,162       Rs 118.91 Cr
QIBs       68,93,442       Rs 79.27 Cr
NII       51,70,081       Rs 59.46 Cr
RII       1,20,63,523       Rs 138.73 Cr
Employees       7,00,000       Rs 8.05 Cr
Total Issue       3,51,67,208       Rs 404.42 Cr

However, all the information regarding CDSL IPO is tentative. CDSL was initially promoted by BSE Ltd. which has thereafter divested its stake to leading banks as "Sponsors" of CDSL.

CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.
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2.1. PavanM  Jun 2, 2017 1:24:56 AM IST

Central Depository Services (India) Limited IPO

I know that you might have got the article copied from some news, just want to mention that we cant consider BSE gave listing gain of 35%.
Listing gain of 35% didn''t sustain even for seconds.. It just touched 1200 and fell to below 1100 on the same day. Moreover, even after months of its listing, BSE price couldn''t move higher except after CDSL IPO resurfaced.

Dmart for instance we can say for sure that it gave 100% returns as it listed at 600 vs issue price of 300 and consistently moved above 600 and even reached 840. In such cases, its obvious that it gave more than 100% listing gains.
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1. bangalore king  Feb 14, 2017 10:54:40 PM IST Reply

Central Depository Services (India) Limited IPO

Till NSE actually comes to the markets, would it make sense at all to stick by with BSE because they are not going to degrow from here. There is this marginal chance that business may actually be up from here?

One reason to buy this IPO would be for a dividend yield. I believe they will be selling a substantial portion of their holding in CDSL maybe later this year that will give a huge cash amount to the BSE and I expect them to be transferring that cash because they do not need the cash for operations. They are a cash rich company. Most of their profits comes from the interests they earn from their cash deposits.

If that is the case, that will be one big result thing to look forward to this year. So there will be a dividend yield, I expect reasonable amount of money per share to be distributed. Having said that, from a longer term perspective is it an exchange that you want to own? You have two exchanges today -- MCX and BSE that are listed and on both the volumes growth in terms of volumes trade has not been substantial. I say this for NSE as well. The bet could be that in the next 10 years this will double, triple, quadruple but since I have not seen that volume really coming into that market. I do not know if BSE is a great play and so I will wait for this.
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