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286. Eagleye  Feb 28, 2017 3:15:49 PM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO

GMP 184 – 186
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286.1. jagmohan  Feb 28, 2017 5:37:34 PM IST
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285. Eagleye  Feb 28, 2017 3:13:56 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO

GMP 62 – 64
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284. Eagleye  Feb 27, 2017 10:43:40 PM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO

GMP 187 – 189
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284.1. GaurJa  Feb 28, 2017 2:55:41 PM IST

Avenue Supermarts Limited IPO

What will be the expected Lot size for retail investors?
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283. Eagleye  Feb 27, 2017 10:41:30 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO

GMP 72 – 75
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282. Eagleye  Feb 27, 2017 1:59:14 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO

GMP 58 – 60 (Only Sellers ... No Buyers seen)
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282.1. Viraj.  Feb 27, 2017 4:22:51 PM IST

Music Broadcast Ltd IPO

Music B Ipo apply or not ?
big question..
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282.2. rvr  Feb 27, 2017 7:25:34 PM IST

Music Broadcast Ltd IPO

@ viraj..it is your wish...simple answer
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281. Eagleye  Feb 26, 2017 1:40:29 PM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO
GMP 175 – 177 (Selling Tone)
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280. Eagleye  Feb 26, 2017 1:18:17 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO
GMP 62 – 65 (Selling Tone)
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279. Eagleye  Feb 26, 2017 10:34:17 AM IST Reply

CDSL Ltd IPO

CDSL IPO – Schedule (Tentative)

14th March – Anchor Investors
15th March – Offer Opens
17th March – Offer Closes
22nd March – Finalisation of Basis of Allotment
23rd March – Unblocking of ASBA
24th March – Credit to Demat Accounts
27th March – Listing on NSE & BSE
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278. Eagleye  Feb 25, 2017 11:44:17 PM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO – Schedule (Page #329 of RHP)

07th March – Anchor Investors
08th March – Offer Opens
10th March – Offer Closes
13th March – Markets Closed for Holi
16th March – Finalisation of Basis of Allotment
17th March – Unblocking of ASBA
20th March – Credit to Demat Accounts
21st March – Listing on NSE & BSE


Avenue SuperMarts IPO

Revised Tentative Issue Information:

Issue Opens on: 08 March 2017
Issue Closes on: 10 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 62,541,806 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.295 – Rs.299 per Equity Share
Market Lot: 50 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 561,542,680 Equity Shares
Fresh Issue of 62,541,806 Equity Shares @299/- aggregating up to Rs.18,700 million
Equity Shares outstanding after the Issue = 624,084,486 Equity Shares


Category-wise Break up:
Anchor – 1,87,62,542 Shares = 561.00Crs.
Net QIB – 1,25,08,361 Shares = 374.00Crs
NII – 93,81,271 Shares = 280.50Crs
RII – 2,18,89,632 Shares (4,37,793 Forms) = 654.50Crs. (Lot size = 50)
Total Issue – 6,25,41,806 Equity Shares = 1870Crs.


If we assume HNI applications of Rs.55,000Crs. Then the NII category will be oversubscribed by 196X
(Note: BSE attracted Rs.29,550Crs. of HNI application)

If we assume RII applications of 16Lakh forms. Then the Retail category will be oversubscribed by 3.66X (applic-wise) (Note: BSE attracted 11.95Lakh forms)


Subscription required for 1X
RII = 4.38L Forms
NII = 280.50 Crs

Subscription Expected
RII = 16L Forms = 3.66X Applic. wise (Avg allotment of ~13.68 shares per lot)
NII = 55K Crs. = ~196X

Interest cost @7%p.a. for 7days = 40.1paise for 1X

Thus, for 55K Crs. the costing = Rs.78.71 per share (GMP)

And 78.71 X 13.68 = Rs. ~1077/- (Kostak)

Avenue SuperMarts IPO:

EPS for – FY13-14 >>> Rs.2.95 (Page #100 of RHP)
EPS for – FY14-15 >>> Rs.3.87 (Page #100 of RHP)
EPS for – FY15-16 >>> Rs.5.68 (Page #100 of RHP)
EPS for 9M – 16-17 >>> Rs.6.90 (Page #100 of RHP)

If, Issue Price = 299 & GMP = 191 … Then Costing = 490 … & PE = 53.25
If, Issue Price = 359 & GMP = 191 … Then Costing = 550 … & PE = 59.78



Trent Limited: CMP 246.90 (23rd Feb)

EPS for – FY13-14 >>> Rs.1.63
EPS for – FY14-15 >>> Rs.3.01
EPS for – FY15-16 >>> Rs.1.89

EPS for Q1 – 16-17 >>> Rs.0.70
EPS for Q2 – 16-17 >>> Rs.0.63
EPS for Q3 – 16-17 >>> Rs.1.12
EPS for 9M – 16-17 >>> Rs.2.46



Future Retail: CMP 233.60 (23rd Feb)

EPS for – FY15-16 >>> Rs.0.66

EPS for Q1 – 16-17 >>> Rs.1.50
EPS for Q2 – 16-17 >>> Rs.1.56
EPS for Q3 – 16-17 >>> Rs.2.14
EPS for 9M – 16-17 >>> Rs.5.20



V-Mart: CMP 695.70 (23rd Feb)

EPS for – FY15-16 >>> Rs.15.31

EPS for Q1 – 16-17 >>> Rs.5.07
EPS for Q2 – 16-17 >>> Rs.(1.01) (loss)
EPS for Q3 – 16-17 >>> Rs.15.06
EPS for 9M – 16-17 >>> Rs.19.11



Updated Data on a platter ...
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277. Eagleye  Feb 25, 2017 11:42:34 PM IST Reply

Music Broadcast Ltd IPO

Music BroadPage #235 of RHP)

03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE




Tentative Issue Information:

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million
Equity Shares outstanding after the Issue = 57,054,779 Equity Shares


Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.


Subscription required for 1X
RII = 1.14L Forms
NII = 73.28 Crs

Interest cost @7%p.a. for 7days = 44.7paise for 1X




Music Broadcast IPO:

Promoter of the Company: Jagran Prakashan Limited

EPS for FY13-14 >>> Rs.5.80 (Page #89 of RHP)
EPS for FY14-15 >>> Rs.11.23 (Page #89 of RHP)
EPS for FY15-16 >>> Rs.9.95 (Page #89 of RHP)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, Issue Price = 333 & GMP = 97 … Then Costing = 430 … & PE = 32.58

RoNW for FY13-14 >>> 178.52% (Page #90 of RHP)
RoNW for FY14-15 >>> 77.67% (Page #90 of RHP)
RoNW for FY15-16 >>> 38.50% (Page #90 of RHP)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12 (Page #91 of RHP)




Music Broadcast IPO:


Listed Industry Peer >>> Entertainment Network (India) Limited

Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi
Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)

EPS for Q1 – 15-16 >>> Rs.5.98
EPS for Q2 – 15-16 >>> Rs.5.69
EPS for Q3 – 15-16 >>> Rs.6.05
EPS for Q4 – 15-16 >>> Rs.5.05
EPS for FY – 15-16 >>> Rs.22.77

EPS for Q1 – 16-17 >>> Rs.3.49
EPS for Q2 – 16-17 >>> Rs.1.69
EPS for Q3 – 16-17 >>> Rs.3.44
EPS for Q4 – 16-17 >>> Rs.?.??

EPS for 9M – 15-16 >>> Rs.8.63

Current Market Price Rs.772/- (23rd Feb 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 619/- (24th Feb 2016)
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276. Eagleye  Feb 23, 2017 11:29:44 PM IST Reply

Music Broadcast Ltd IPO

Music IPO

03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE



Music Broadcast IPO

Tentative Issue Information:

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million
Equity Shares outstanding after the Issue = 57,054,779 Equity Shares


Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.


Subscription required for 1X
RII = 1.14L Forms
NII = 73.28 Crs

Interest cost @7%p.a. for 7days = 44.7paise for 1X




Music Broadcast IPO:

Promoter of the Company: Jagran Prakashan Limited

EPS for FY13-14 >>> Rs.5.80 (as per DRHP page no.86)
EPS for FY14-15 >>> Rs.11.23 (as per DRHP page no.86)
EPS for FY15-16 >>> Rs.9.95 (as per DRHP page no.86)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, Issue Price = 333 & GMP = 77 … Then Costing = 410 … & PE = 33.83

RoNW for FY13-14 >>> 178.52% (as per DRHP page no.87)
RoNW for FY14-15 >>> 77.67% (as per DRHP page no.87)
RoNW for FY15-16 >>> 38.50% (as per DRHP page no.87)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12




Music Broadcast IPO:


Listed Industry Peer >>> Entertainment Network (India) Limited

Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi
Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)

EPS for Q1 – 15-16 >>> Rs.5.98
EPS for Q2 – 15-16 >>> Rs.5.69
EPS for Q3 – 15-16 >>> Rs.6.05
EPS for Q4 – 15-16 >>> Rs.5.05
EPS for FY – 15-16 >>> Rs.22.77

EPS for Q1 – 16-17 >>> Rs.3.49
EPS for Q2 – 16-17 >>> Rs.1.69
EPS for Q3 – 16-17 >>> Rs.3.44
EPS for Q4 – 16-17 >>> Rs.?.??

EPS for 9M – 15-16 >>> Rs.8.63

Current Market Price Rs.772/- (23rd Feb 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 619/- (24th Feb 2016)
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276.1. Rashmi  Feb 24, 2017 6:40:52 PM IST

Music Broadcast Ltd IPO

Query - how do we calculate all this ? Is this data from RHP ? Which page. Trying to learn
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275. Eagleye  Feb 23, 2017 11:14:07 PM IST Reply

Music Broadcast Ltd IPO

Peer Group Comparison:

Entertainment Network (India) Ltd is the operator of FM radio channel Radio Mirchi
Promoter of ENIL is Bennett, Coleman & Co. Limited (The Times of India Group)


EPS for Q1 – 15-16 >>> Rs.5.98
EPS for Q2 – 15-16 >>> Rs.5.69
EPS for Q3 – 15-16 >>> Rs.6.05
EPS for Q4 – 15-16 >>> Rs.5.05
EPS for FY – 15-16 >>> Rs.22.77


EPS for Q1 – 16-17 >>> Rs.3.49
EPS for Q2 – 16-17 >>> Rs.1.69
EPS for Q3 – 16-17 >>> Rs.3.44
EPS for Q4 – 16-17 >>> Rs.?.??

EPS for 9M – 15-16 >>> Rs.8.63

Current Market Price Rs.772/- (23rd Feb 2017)
52 week high price: 905/- (03rd Oct 2016)
52 week low price : 619/- (24th Feb 2016)
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274. Eagleye  Feb 23, 2017 9:40:25 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO:

Promoter of the Company: Jagran Prakashan Limited

EPS for FY13-14 >>> Rs.5.80 (as per DRHP page no.86)
EPS for FY14-15 >>> Rs.11.23 (as per DRHP page no.86)
EPS for FY15-16 >>> Rs.9.95 (as per DRHP page no.86)
EPS for H116-17 >>> Rs.6.60 (not annualised)

If, Issue Price = 333 & GMP = 77 … Then Costing = 410 … & PE = 33.83

RoNW for FY13-14 >>> 178.52% (as per DRHP page no.87)
RoNW for FY14-15 >>> 77.67% (as per DRHP page no.87)
RoNW for FY15-16 >>> 38.50% (as per DRHP page no.87)
RoNW for H116-17 >>> 21.23% (not annualised)

NAV as on September 30, 2016 was Rs.31.12

Listed Industry Peer >>> Entertainment Network (India) Limited
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274.1. MUDIT NATANI  Feb 23, 2017 10:02:44 PM IST

Music Broadcast Ltd IPO

What is PE & EPS of peer company ?? Can you tell ?? So that comparison would be easy.
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273. Eagleye  Feb 23, 2017 8:36:16 PM IST Reply

Music Broadcast Ltd IPO

Music BroadTentative)

03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE
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272. Eagleye  Feb 23, 2017 8:35:49 PM IST Reply

Music Broadcast Ltd IPO

Music Broadcast IPO

Tentative Issue Information:

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE


Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million
Equity Shares outstanding after the Issue = 57,054,779 Equity Shares


Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.
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272.1. Aman Goyal  Feb 23, 2017 10:10:38 PM IST

Music Broadcast Ltd IPO

Màm any idea about KOSTAK and GMP ?
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271. Eagleye  Feb 23, 2017 7:33:32 PM IST Reply

Avenue Supermarts Limited IPO

Music Broadcast (Tentative)

03rd March - Anchor Investors
06th March - Offer Opens
08th March - Offer Closes
13th March - Markets Closed for Holi
14th March - Finalisation of Basis of Allotment
15th March - Unblocking of ASBA
16th March - Credit to Demat Accounts
17th March - Listing on NSE & BSE

Issue Price 333/- (upper price band)
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271.1. ShareView  Feb 23, 2017 7:38:47 PM IST

Avenue Supermarts Limited IPO

Welcome Back
Here comes one more good news
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271.2. rahuljainkol  Feb 23, 2017 9:47:17 PM IST

Avenue Supermarts Limited IPO

Message from you after so long is a bigger good news than the IPO.
Welcome Back :)
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271.3. Sreepatil  Feb 23, 2017 11:12:56 PM IST

Avenue Supermarts Limited IPO

Welcome back EE madm😀
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270. Eagleye  Feb 18, 2017 2:28:53 PM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO

GMP 177 – 179
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270.1. Viraj.  Feb 18, 2017 4:45:22 PM IST
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269. Eagleye  Feb 17, 2017 11:03:39 AM IST Reply

Avenue Supermarts Limited IPO

Avenue SuperMarts IPO

GMP 175 – 178
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269.1. DINESH GUPTA  Feb 18, 2017 10:54:05 AM IST

Avenue Supermarts Limited IPO

Eagleye - How Many Applications u r going to apply by retaiinng the same
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268. Eagleye  Feb 15, 2017 2:26:51 PM IST Reply

Continental Warehousing Corporation Ltd IPO

As per Page #70 of DRHP

Fresh Issue Up to Rs.418.80 Crores
&
Offer for Sale up to 13,676,820 Equity Shares

Equity Shares o/s prior to the IPO – 81,701,209 Equity Shares

As per Page #97 of DRHP

EPS for FY13-14 >>> Rs.7.00
EPS for FY14-15 >>> Rs.7.58
EPS for FY15-16 >>> Rs.9.15

As per Page #98 of DRHP

RONW for FY13-14 >>> 9.39%
RONW for FY14-15 >>> 7.32%
RONW for FY15-16 >>> 6.32%

As per Page #99 of DRHP

NAV per Equity Share as on March 31, 2016 >>> Rs.110.76

Peer Group:
Container Corporation of India Limited
Gateway Distriparks Limited
Navkar Corporation Limited
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268.1. MUDIT NATANI  Feb 15, 2017 4:26:51 PM IST

Continental Warehousing Corporation Ltd IPO

Mam pl. Hos price band ? If heard or as par your calculation.
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268.2. Septa  Feb 17, 2017 9:17:39 PM IST

Continental Warehousing Corporation Ltd IPO

Return on Equity (ROE) Tells More than EPS Growth from raw data need more

1.Net Margin ratio
2. Asset Turnover Ratio
3 Equity Multiplier Ratio

A drop in any of these ratio will cause RONW to decrease.

how this may occur in case of Continental warehouse:

Net profit may drop as a percentage of sales. The proportionate profitability may fall, corporate income tax could rise and hence net after tax profits drop. Earnings may still grow under these circumstances, but ROE would fall.

IMO this is case in the case warehousing business is capital intensive i think Continental overtime has becomes more asset intensive. So drop in RONW

Maybe Continental warehousing is paying down its debt, the equity multiplier will decline, since shareholders equity is equal to assets-long term debt. So a changing more conservative capital structure may result in a decline in RONW. which i do not think so btw assets turnover and equity multiplier seldom coexist


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267. Eagleye  Feb 15, 2017 2:26:20 PM IST Reply

CDSL Ltd IPO

HoS:

Issue Dates: 15 – 17 March
Price Band: Rs.115 – Rs.135
Issue Size: Rs.400Crs
Valuation: Rs.1,400Crs


As per Page #62 of DRHP

100% OFS issue of up to – 35,167,208 Equity Shares
Equity Shares o/s prior to & after the OFS – 104,500,000 Equity Shares

As per Page #85 of DRHP

EPS for FY13-14 >>> Rs.4.72
EPS for FY14-15 >>> Rs.4.18
EPS for FY15-16 >>> Rs.7.09


As per Page #86 of DRHP

RONW for FY13-14 >>> 13.96%
RONW for FY14-15 >>> 11.82%
RONW for FY15-16 >>> 17.99%

NAV per Equity Share as on March 31, 2016 >>> Rs.39.44
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267.1. Yogesh  Feb 16, 2017 12:19:23 PM IST

CDSL Ltd IPO

Hello Mam,
Do you think the price band is good? I am asking because BSE sold the stake at much lower valuation during last year.
Also, there is huge gap between lower price band and upper price band. We are waiting for your review and expert guidance on this IPO.
Thank you.
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