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Mann Ki Baat's Comments

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17. Mann Ki Baat  Oct 20, 2017 12:40:34 AM IST Reply

Mahindra Logistics Limited IPO

@KAUSHIKI I empathise your concerns but it’s not realistic.

Why should anyone interfere on price band? Will you sell your asset for e.g. Land/House etc. at discounted price when there are buyers available to pay hefty amount. Here I am referring to Anchor Investors! If anchors are willing to pay upper price band then that price is market price and competitive price.

If common investors are not aware about how market works then for them mutual funds are available. Mutual funds are generating returns far higher than Sensex. The Yardstick.

Losses of secondary market cannot be recovered by only investing in IPO’s. Newbies and financially illiterate investors have lost millions of hard earned money by investing through tips, betting via options and gambling in Intraday Trades.

BTW, at rich valuations also listing day gains are 30-50% which can be termed as infinite return if annualised.

Common investors were losing money in the past, are losing money today and will continue to lose money forever, whereas index will make highs every now and then and probably for next 100 years. Look at DOW, this is in existence for more than 100 years and is at all-time high but its constituents are not at highs some of them are still 50% down from their 2000 or 2008 top.

If we know that index, be it Nifty or Sensex will continue to make new highs for next 10 decades then why not simple buy Index ETF. Buying Index funds means you are buying a bunch of 50 hottest companies of India!!!      
16. Mann Ki Baat  Oct 15, 2017 12:16:30 PM IST Reply

Reliance Nippon Life Asset Management Ltd IPO

thanks Ankitxyz...dividend yield looked high because of Bonus Issue of 50:1

Issue resolved now! Dividend after IPO 4.05 per share

Can you please calculate post issue Book Value and EPS?
16.4. Ankitxyz  Oct 15, 2017 5:34:14 PM IST

Reliance Nippon Life Asset Management Ltd IPO

I am planning to sell all my applications in grey market at current rate. There are two reasons for selling in grey market despite of higher chances of allotment 1) Com belonging to ADAG 2)Valuation is high IMO

As far as the listing is concerned It all depends on the operators. Plus a high dividend paying company normally doesn''t enjoy high PE.In this case dividend payout ratio is 4.05/6.6=61.36%
16.5. Rajkumar Bhuj  Oct 15, 2017 5:53:23 PM IST

Reliance Nippon Life Asset Management Ltd IPO

Grey Market punters are very depressed about it. While current GMP is 70 but they don''t expect listing at premium of more than 15-20 bucks.
15. Mann Ki Baat  Oct 14, 2017 10:47:03 PM IST Reply

Reliance Nippon Life Asset Management Ltd IPO

Guys Guys Guys

Read page 226 of DRHP - Dividend Policy

It paid dividend per share for last 5 years in following manner. Face Value was 10 for all years.

2013 - 140
2014 - 140
2015 - 150
2016 - 125
2017 - 215

Total - 770

Issue price is ₹252 so it is almost full one year dividend. Is this practical???

Same dividend will be continued???

If yes then this IPO is true GEM!!!

But can''t believe...

Suggestions invited...
15.10. P M  Oct 15, 2017 12:00:07 PM IST

Reliance Nippon Life Asset Management Ltd IPO

The dividends declared by our Company on the Equity Shares in each of the Fiscal Years
2013, 2014, 2015, 2016, 2017 as per our Restated Standalone Financial Statements are given below:

Particulars-------------------------------------------2013-----------2014-----------2015 ---------2016------------ 2017
Face value per share (in Rs) -------------------- 10 ------------- 10 ------------- 10 ---------- 10 ---------------- 10
Dividend (in Rs.million) -------------------- 1612.80 ------1612.80 ------1728.00 ---- 1440.00 ------- 2476.80
Dividend per share (in Rs.) -------------------- 140 ----------- 140 ----------- 150----------- 125------------- 215
Rate of dividend (%) -------------------------- 1400%---------1400%------- 1500%------ 1250%---------- 2150%
Dividend Tax (in Rs.million) --------------- 261.64-------- 274.10-------- 293.67------- 293.15---------- 504.22

**Excluding dividend distribution tax.
The amount paid as dividends in the past is not necessarily indicative of our dividend policy or dividend amounts, if
any, in the future.
15.11. Ankitxyz  Oct 15, 2017 12:01:06 PM IST

Reliance Nippon Life Asset Management Ltd IPO

If you calculate dividend payout after bonus issue & fresh issue it is only 40.05%. So Don''t get misguided by looking at 2150% as it is only 40.05% after bonus & fresh issue.
14. Mann Ki Baat  Oct 13, 2017 9:56:48 PM IST Reply

General Insurance Corporation of India IPO

ICICI Lombard received total bid of ₹16986 crores and dipped 3.39% below issue price on Listing day
SBI Life received total bid of ₹29820 crores and its lowest price was 0.24% above issue price on Listing day
GIC received total bid of ₹15638 crores. Arjun Patel has quoted GMP for buyer as minus 21, it means if someone buys for 891 in grey market then he is expecting listing over and above 891 which means we are still in 24 rupees premium. On 2 lac application profit is around 5000

Those who have not applied don’t spread negativity
Those who have applied for minimum lot, it will be neutral for you
Those who applied with full force don’t feel pity for them because then are big daddy of market; they can easily manage any consequences.
Worst case scenario if it lists 10% discount then loss is around 10000
Best case scenario if it lists 5% Premium then profit is around 20000
Risk reward ratio is favorable
It is simply a calculated risk
14.1. Arup jamshed  Oct 13, 2017 11:03:20 PM IST

General Insurance Corporation of India IPO

Good , really good observation .
14.2. Manish mundra  Oct 13, 2017 11:15:13 PM IST
13. Mann Ki Baat  Oct 11, 2017 2:33:47 PM IST Reply

Indian Energy Exchange Ltd IPO

QIB 1.09X
NII 0.21X
RII 1.79X

Overall 1.22X
12. Mann Ki Baat  Oct 11, 2017 2:10:56 PM IST Reply

Indian Energy Exchange Ltd IPO

CA Vallabh Roopchand Bhansali is independent director of this company
He was co-founder of Enam Financial
He is well know guru of financial market
11. Mann Ki Baat  Oct 11, 2017 2:01:41 PM IST Reply

Indian Energy Exchange Ltd IPO

QIB 0.22X
NII       0.19X
RII       1.69X

Overall 0.80X

Don''t know why low subscriptions; valuations are not that steep. Fair Price at 1331.10. Stocks generally list far above my far value. So positive listing is what I expect. I have applied
10. Mann Ki Baat  Sep 30, 2017 6:08:35 PM IST Reply

Indian Energy Exchange Ltd IPO

primafacie the valuation looks rich but it is not like that... see that dividend payout ratio is very means almost half of annual profit is distributed by way of dividends. There is no significant growth in shareholders funds over the period of last 5 years because of high dividend payout. This investment will not become multi-bagger. This is an safe investment bet for old people or risk averse investors.

My Back of the Envelope calculation suggests a fair value of ₹1331.10 per share. Now it is upto market that what valuation it gives. Such stocks can trade upto twice of my fair value that is upto ₹2662.2 per share.
9. Mann Ki Baat  Sep 29, 2017 1:18:57 AM IST Reply

MAS Financial Services Ltd IPO

Fair Price as compared to its listed peers comes to ₹567
8. Mann Ki Baat  Sep 26, 2017 11:01:21 PM IST Reply

ICICI Lombard General Insurance Company Ltd IPO

Shares will be credited before 9 AM tomorrow. Don''t Panic
7. Mann Ki Baat  Sep 26, 2017 10:57:15 AM IST Reply

Prataap Snacks Limited IPO

Deepak Parekh''s son invested ₹50 crores in Pratap Snacks at ₹938 per share. Deepak Parekh is chairman of HDFC. Does this mean this may turn out a good investment and listings gains also???

Forum Experts what are your views on this...
7.1. Kbgohil  Sep 26, 2017 11:04:56 AM IST

Prataap Snacks Limited IPO

I applied today 15 application.
7.2. Kbgohil  Sep 26, 2017 11:05:07 AM IST

Prataap Snacks Limited IPO

I applied today 15 application.
6. Mann Ki Baat  Sep 24, 2017 5:07:40 PM IST Reply

Godrej Agrovet Limited IPO

Godrej Agrovet Fair Price as per March 2017 numbers comes to ₹242.30. Issue price shall also be around 250 only. No doubt the word "GODREJ" is enough to blindly apply in this company
6.5. Mann Ki Baat  Sep 25, 2017 11:07:10 AM IST

Godrej Agrovet Limited IPO

Yes some calculations
6.6. Huzefa  Sep 25, 2017 12:59:45 PM IST

Godrej Agrovet Limited IPO

@Mann Ki Baat, Can you share the calculations you did to arrive at fair price
5. Mann Ki Baat  Sep 23, 2017 7:30:23 PM IST Reply

ICICI Lombard General Insurance Company Ltd IPO

ICICI Lombard General Insurance Company Ltd

GMP Minus 9/11
5.1. PSR  Sep 23, 2017 7:54:49 PM IST
4. Mann Ki Baat  Sep 21, 2017 5:22:00 PM IST Reply

Capacit'e Infraprojects Limited IPO

My sense is that KARVY is FRAUD

I am in IPO market since 2009 and I''ve never got allotment when KARVY is registrar (except Prudential where allotment was firm)

My experience with LINKINTIME is far better
4.6. neha agrawal  Sep 21, 2017 6:10:02 PM IST

Capacit'e Infraprojects Limited IPO

Really true, what karvy is doing allotment do not know.
4.7. vi  Sep 21, 2017 6:21:39 PM IST

Capacit'e Infraprojects Limited IPO

I have same experience from KARVY. I APPLIED EVERY TIMES FOR 3 DMAT ACCOUNT . but as on date i never get allotment. May be possibilities is those who apply online they not get allotment. because i apply always online.
3. Mann Ki Baat  Sep 14, 2017 6:21:50 PM IST Reply

Prataap Snacks Limited IPO

Arvind Mehta, The Chairman and executive director of Pratap Snacks Limited does not have a voter identification number!!! STRANGE
2. Mann Ki Baat  Sep 12, 2017 11:54:29 AM IST Reply Limited IPO

This message is for those infants who are busy analyzing Face Value of a stock

KIDS discuss about Face Value

Mens discuss about GMP

Legends BUY Bajaj Finance
1. Mann Ki Baat  Aug 12, 2017 1:33:46 PM IST Reply

Apex Frozen Foods Ltd IPO

Script Fair Price*** Market Price Premium

APEX FROZEN 138 175 1.27
AVANTI FEEDS 771 1647 2.14
THE WATERBASE 80 108 1.35
ZEEL AQUA 65 423 6.51

We shall ignore Zeal Aqua in calculating average premium as it is highly priced at a premium of 6.51 times of fair price. Zeal Aqua has also not paid any dividend

Considering average premium of two listed companies of 1.7 times, Fair Value of Apex Frozen works out at ₹235 per share

***Fair price is calculated on the basis of NAV, Dividend, EPS, and Return on Net Worth of respective companies
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