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BSE Limited IPO Message Board (Page 79)

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30. Dharmesh bhai |   Link |  Bookmark | January 5, 2017 6:29:24 PM
Lot bse 17 shares.
Kostak 600_675
Shares. 68__71
29. Dharmesh bhai |   Link |  Bookmark | January 5, 2017 6:26:58 PM
Lot_17 shares gmp opened at 68/71.kostak 600/675
28. umeshh |   Link |  Bookmark | January 5, 2017 4:43:39 PM
WHAT IS GMP????????
27. Uchit Patel |   Link |  Bookmark | January 5, 2017 3:10:53 PM (500+ Posts, 1500+ Likes)
Some of my findings for BSE:

BSE’s turnover is very less compared to NSE. But some small cap companies are listed in BSE only. Stock exchange’s profitability strongly depends on turnover and no. of listed companies.

Financials:
June 2016 Quarter – Income 167 crore, Net Profit – 52 crore, EPS – Rs. 4.82
Sep 2016 Quarter – Income 192 crore, Net Profit – 76 crore, EPS – Rs. 6.29

Year (2015-16) – Income 634 crore, Net Profit – 177 crore, EPS – Rs. 15.87

If we believe same performance for third and fourth quarter as first two quarter then EPS for whole year comes to around Rs. 22. Though because of demonetization income of third and fourth quarter should be affected.

It is not good to compare BSE with MCX because MCX is mainly commodity exchange. It is good to compare BSE with listed stock exchanges of some other countries.
Singapore – P/E – 23.25
Australian – P/E – 22.70
London – 42
Japan – 23.15
Hong Kong – 36
Deutsche Borse – 20.39

London and Hong Kong both exchanges are in top 5 of world in terms of turnover. BSE''s turnover is very less compared to world''s top stock exchanges.

I think if BSE should come with P/E up to 24. If we see the range Rs. 450 to Rs. 550 looks OK to me.

27.8. Eagleye |   Link |  Bookmark | January 5, 2017 11:51:21 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Thus, with the CY EPS of 39.44 (19.72 X 2)
... and the IPO price of Rs.850/-
... the PE works out to be 21.55X

Is that good or bad ?
27.9. Uchit Patel |   Link |  Bookmark | January 6, 2017 6:25:40 AM (500+ Posts, 1500+ Likes)
Eagleye, I think I got nos. from standalone financial results. There are lots of confusion in financial results, EPS calculations , P/E calculations etc. I think we need to wait until actual price band is declared. By the way P/E around 20 to 22 is very good. Company will left something on listing for investors.
26. Uchit Patel |   Link |  Bookmark | January 5, 2017 1:50:04 PM (500+ Posts, 1500+ Likes)
Keep eye on MCX stock price also. We will see some positive momentum in MCX as well.
25. Eagleye |   Link |  Bookmark | January 5, 2017 1:36:25 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)


I am not a professor of Ethics ... I am merely a student of Capitalism ... I only attempt to identify the opportunities... and my pursuit is to Maximise “alpha” and Minimise “beta” ...
25.1. RAJGURU |   Link |  Bookmark | January 5, 2017 5:01:44 PM
Yes..but what makes this ''HARISHCHANDR'' visit to chittorgarh if he is so ''COW''..
24. Shibani ghosh |   Link |  Bookmark | January 5, 2017 1:03:25 PM
@Eagleye: annually 90% risk free return dont excite me....

What excite me is "IRRELEVANT"
24.3. Shibani ghosh |   Link |  Bookmark | January 5, 2017 1:23:18 PM
Dat site itself is plagiarised...


EaglEye smarteye irrelevant

Known & followed u well before all above BORN
24.4. Eagleye |   Link |  Bookmark | January 5, 2017 1:43:48 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Dear Shibani ghosh (m=31969)

So why not ask irrelevant about his regular visits to chittrogarh? ... instead of the irrelevant reference here ...

Just a suggestion :)
23. manjitsingh |   Link |  Bookmark | January 5, 2017 12:45:32 PM (900+ Posts, 900+ Likes)
BSE IPO FACE VALE HAS BEEN INCREASED FROM 1 RS TO 2 RS.....

THATS WHY ISSUE WILL PRICED AT 800 RS INSTEAD OF 400 RS....

HAPPY INVESTING
22. bangalore king |   Link |  Bookmark | January 5, 2017 11:25:38 AM (400 Posts)
MS ON ICICI PRU LIFE: ET NOW

Maintain overweight, raise target to `385 from `365

See lower rates and pickup in financial savings since demonetization

Co has likely steady persistency trends helped by zero cash collections

Short-term growth moderation possible in credit life premiums following lower home loan sales

Co has balanced distribution mix, rising protection mix, improving persistency/costs

See multiyear improvement in profitability leading to strong VNB CAGR during F16-F19
21. KUNJAL |   Link |  Bookmark | January 5, 2017 10:27:59 AM
BSE IPO WILL BE LISTED ONLY ON NSE IS THAT TRUE. SO THE ONE WHO HAS DEMAT IN BSE THEY CAN''T APPLY.
21.2. ShareView |   Link |  Bookmark | January 5, 2017 11:23:39 AM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
It is irrelevant weather demat account is in NSDL or CDSL . What matters is trading account .

If anyone has trading account only in BSE , they would not be able to sell at BSE as SEBI rules do not allow self-listing for an exchange . Either They have to open trading account in NSE or they can sell off-market into others'' demat account directly without any interference of any broker . Anyone those who want to sell @ kostak can do this way.

Same rule also applies in the forthcoming NSE IPO.Such kind of rules are not applicable to depositories IPO like CDSL .
🙏👍
21.3. Pandit Ji |   Link |  Bookmark | January 5, 2017 3:54:54 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
BSE will be only on NSE and likewise NSE IPO will only be listed on BSE, as per SEBI guidelines
20. Mann Ki Baat |   Link |  Bookmark | January 5, 2017 10:00:04 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
9. Mann Ki Baat Dec 3, 2016 12:12:10 PM IST Reply
Laurus Labs Ltd IPO

Buy Tata Motors Target 495-500 in December Itself

TARGET HITTT (not in December but today finally)

14% Return in one month!!!
19. Eagleye |   Link |  Bookmark | January 5, 2017 9:40:31 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Just to put the record straight on IPOs …

In the Calendar year 2016 we had 27 IPO listings
Which is an average of more than 1 IPO every 2 weeks (not considering SME IPOs)


2016 Q4 – Total of 6 IPOs Listed
Laurus Labs >>> Listed on 19-Dec-16
Sheela Foam >>> Listed on 09-Dec-16
Varun Beverages >>> Listed on 08-Nov-16
PNB Housing Finance >>> Listed on 07-Nov-16
Endurance Technologies >>> Listed on 19-Oct-16
HPL Electric & Power >>> Listed on 04-Oct-16


2016 Q3 – Total of 10 IPOs Listed
ICICI Prudential Life Insurance Co. >>> Listed on 29-Sep-16
GNA Axles >>> Listed on 26-Sep-16
L&T Technology Services >>> Listed on 23-Sep-16
RBL Bank >>> Listed on 31-Aug-16
S.P Apparels >>> Listed on 12-Aug-16
Dilip Buildcon >>> Listed on 11-Aug-16
Advanced Enzyme Technologies >>> Listed on 01-Aug-16
Larsen & Toubro Infotech >>> Listed on 21-Jul-16
Quess Corp >>> Listed on 12-Jul-16
Mahanagar Gas >>> Listed on 01-Jul-16


2016 Q2 – Total of 6 IPOs Listed
Parag Milk Foods >>> Listed on 19-May-16
Ujjivan Financial Services >>> Listed on 10-May-16
Thyrocare Technologies >>> Listed on 09-May-16
Equitas Holding >>> Listed on 21-Apr-16
Infibeam Incorporation >>> Listed on 04-Apr-16
Bharat Wire Ropes >>> Listed on 01-Apr-16


2016 Q1 – Total of 5 IPOs Listed
Healthcare Global Enterprises >>> Listed on 30-Mar-16
Quick Heal Technologies >>> Listed on 18-Feb-16
Teamlease Services >>> Listed on 12-Feb-16
Precision Camshafts >>> Listed on 08-Feb-16
Narayana Hrudayalaya >>> Listed on 06-Jan-16
19.8. Eagleye |   Link |  Bookmark | January 5, 2017 2:05:47 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Dear Atul Kumar (m=29604),

I appreciate questions ... but instead of giving you a fish ... I’d rather teach you how to fish ... and in that attempt I suggest that ... You may like to refer the DRHP for the factual information firsthand … Particularly the Summary Financial Information on Pages 53 – 59

You may download the DRHP from the SEBI website ..

I hope you will take my response in the right spirit.
19.9. Diamond Borivali |   Link |  Bookmark | January 5, 2017 2:08:57 PM
@ Dear Eagle Eye , I have much respect for you, your wisdom and informative post shared by you always .. No doubt ,,, I will follow you in future also but here in this point it is difference of opinion to look the way same thing..

I also love capitalism , opportunist but not this way as suggested in your post, that''s the only difference .

Hope you agree.
18. Radhika |   Link |  Bookmark | January 5, 2017 9:09:01 AM
@Eagleye Maam,

Whats your view on BSE IPO. Shoud we apply or not.
17. SURAJ RAJ |   Link |  Bookmark | January 5, 2017 8:56:13 AM
bse limited has become new ipo so what precentage o chance of allotement and important is new ipo any come.
16. ShareView |   Link |  Bookmark | January 5, 2017 12:34:40 AM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Listing date would be just after budget.

The contribution of budget in listing might be substantially remarkable at least to some extent.

Let''s all hope for the good budget as the IPO list is much longer in the 2017 pipeline

Till then Happy IPOing ! ! !
🙏👍
15. Chetanpatel |   Link |  Bookmark | January 4, 2017 9:45:49 PM
Bse ipo is being opened on 23 Jan before we have to wait 18 days byee
14. ammubutter |   Link |  Bookmark | January 4, 2017 5:56:04 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Without any new ipo upcoming......this site was boring yaar.........
14.4. Eagleye |   Link |  Bookmark | January 5, 2017 10:14:58 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Zuraa Socho tho sahi …

As a Retail applicant if you sell every form at an average kostak bhav of 500/- per application form of 1 lot each …

You would have made 27 X 500 = 13,500/- on an investment of 15,000/-

i.e. 90% returm per annum …

And what’s most interesting is that … this is without keeping any open position and hence poses no risks … All this is without any application of any serious thought or even depending on your chances of allotment etc …

As a Retail Investor apply in every IPO and sell in kostak .. No need to play the game of luck & No need to apply any Dimaag ... simply just participate ...

… If this does not excite you ... then what does?
14.5. Hellrazor |   Link |  Bookmark | January 6, 2017 8:04:03 PM
@Eagleye .ur analysis is impressive. Thank u for sharing it. I am a retail applicant but I don''t how to sell form at kostak. Is there any website where all these things can be done. Any help related to selling form would be highly apprciated
13. ShareView |   Link |  Bookmark | January 4, 2017 5:31:43 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
BSE IPO: GET READY FOR 23RD JAN

Expected Opening Date: 23rd January 2017
Expected Price Band: Rs 800-850 (FV Rs. 2/-)

Issue Information

Issue Size: 15,427,197 Equity Shares
Offer for Sale of 15,427,197 Equity Shares
Face Value: Rs 2 Per Equity Share


Listing At: NSE ( Sebi rules do not allow self-listing for an exchange )

General Note:

Asia’s oldest stock exchange BSE Ltd has received market regulator Sebi’s approval for its initial public offering (IPO).
The exchange had filed its DRHP in September.2016
Last week, BSE’s larger rival National Stock Exchange of India Ltd too filed its DRHP with the regulator. The BSE issue size is estimated to be Rs.1,200-1,300 crore.
Founded in 1875, BSE, whose first venue for broker meetings was under a banyan tree in India’s financial capital Mumbai, has long been considering an IPO. However, lack of clarity on rules for the listing of stock exchanges had delayed the process.

Offer for Sale:

Existing shareholders of Asia’s oldest bourse intend to sell 29.96 million shares through the offer for sale route. The issue represents 27.43% of BSE’s pre-share sale capital.
The DRHP listed 262 shareholders who have agreed to sell their shares. Singapore Exchange Ltd (SGX) will sell 5.09 million shares, or a 4.7% stake, making a complete exit.
Other shareholders who have offered to sell their shares include Atticus Mauritius Ltd, Mauritius investment arm Quantum (M) Ltd, GKFF Ventures, Acacia Banyan Partners Ltd, Canada-based investor Thomas Caldwell’s Caldwell India Holdings Inc., and Bajaj Holdings and Investment Ltd.
Individual shareholders, mainly brokers and trading members, hold 56.83% in BSE. The rest is held by institutional holders such as the Life Insurance Corporation of India, State Bank of India and Bajaj Holdings, besides the foreign bourses. In 2010, when billionaire financier George Soros bought a 3.9% stake in BSE for about Rs 160 crore from Dubai Financial Group, the exchange was valued at around Rs4,000 crore.
Of the 107.35 million shares in BSE, trading members hold about 52.3 million shares, or 48.7 percent with the rest held by Deutsche Boerse AG, Singapore Exchange and a group of foreign portfolio investors, insurance firms and individuals.
Singapore Exchange plans to sell its entire stake in BSE in the IPO, the prospectus showed.

Price Band:

The price of the Offer for sale will be finalised by a book building process and as per the primary indications, it can be in the range of Rs. 400 to 500 per share.The market cap of the Exchange on listing will be around Rs. 5000 crores
Business Potential for the Exchanges :Exchanges are expected to be an exciting new space for investors, Despite the sheer population of the country, the number of people participating in the capital markets is very low. This participation is only going to increase going ahead and that will boost the exchange business .The government too is keen on increasing the retail participation in capital markets, New products and innovations such as real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) will also help,
“The government’s focus on divestments is another positive for the exchange business as it will bring more retail investors to the table. With new products such as REITs/InvITs coming to the markets, the exchange business will grow further. Also, once the start-up platforms gain traction and new-age companies cone to the market, that too will be a positive for the business.
Last year saw 26 companies raise Rs 26,493.8 crore through the IPO route, according to data from primary market tracker Prime Database, while in 2015, 21 companies raised Rs 13,614.08 crore.

What is unique for BSE:

BSE, formerly known as the Bombay Stock Exchange, boasts the most listings in the world with more than 5,900 listed companies but it has been dwarfed by rival NSE in trading volumes, especially since the introduction of derivatives that have increased liquidity in large caps.
The BSE has got license to commence commodity business and plans to set up a Global Exchange at GIFT city in Gandhinagar. Around 300 members have consented to setup their offices at the new venue. This move will put BSE ahead of MCX`s market cap.
As the recent guidelines, the entities can increase their holding in an Exchange from 5% to 15% and accordingly Deutsche Boerse is expected to increase its holding to 15% through secondary market or this OFS. Deutsche Borse had invested Rs. 189 crores by taking up 5% stake in BSE in 2007.

Financials :

For the quarter to the end of June, BSE reported total income of 1.65 billion rupees ($24.7 million) and net profit of 527 million rupees.
BSE had reported a 40 percent increase in its consolidated net profit at Rs 52.72 crore for the first quarter to June 2016.
Lead Managers :For the BSE IPO, Axis, Edelweiss, Jefferies and Nomura are the joint global coordinators, while Motilal Oswal, SBI Capital Markets, SMC Capitals and Spark Capital are among the other bookrunner.

Nishith Desai Associates is the legal advisor to the IPO while Karvy Computershare is the registrar.
Currently, Multi Commodity Exchange of India Ltd (MCX) is the only listed bourse in the country. MCX has market capitalisation of Rs. 5100 crores based on current CMP of its shares.
🙏👍
12. Eagleye |   Link |  Bookmark | January 4, 2017 1:52:32 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Please refer to the CORRIGENDUM filed by BSE Ltd. dated December 01, 2016


Accordingly, investors should note the following:

1.      All references in the DRHP to the number of equity shares of the Exchange being offered for sale including on the cover page and on page numbers 5, 8, 40, 68, 80 and 492 of the DRHP shall be read as “15,427,197 Equity Shares” instead of “29,955,434 Equity Shares”.

2.      All references in the DRHP to the face value of the equity shares of the Exchange shall be read as “Rs.2” instead of “Re.1”, accordingly, the definition of equity shares shall be read as equity shares of face value of Rs.2 each of the Exchange.

3.      All references made to number of equity shares of the Exchange as appearing in the DRHP including on pages 68, 80-90 and 161 of the DRHP shall be read to mean equity shares of face value of Rs.2 and the number of equity shares will change to that extent, as may be applicable.
12.2. Forum Modulator |   Link |  Bookmark | January 4, 2017 5:46:12 PM
Thank you Eagleye for sharing this information.
The error has been rectified.

Thank you,

Chittorgarh.com Forum Moderator

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12.3. Diamond Borivali |   Link |  Bookmark | January 4, 2017 6:49:29 PM
@ Eagle Eye , I have read lot about you on this forum and particularly during IPO FESTIVAL.

I am wondering that if you are sharing these useful information in each IPO to all of us free of cost , you must be a person like " Mr Rakesh Jhunjhunwala , Mr R Mudrock "...

Hope we will receive your advise in future also and wish you prosperous, healthy year in 2017
11. Sreedhar R |   Link |  Bookmark | January 4, 2017 1:17:55 PM
A BJP win in UP could lead to big jump in Sensex, Nifty50 !
11.14. RAJGURU |   Link |  Bookmark | January 5, 2017 4:58:53 PM
CRITICISM IS EASY DEAR BORIVALI...ACT IS MORE IMPORTANT..
11.15. Diamond Borivali |   Link |  Bookmark | January 5, 2017 7:05:47 PM
@ Dear Raj Guru , I agree 100% with you.. We should not criticize but do something ..

- Thing about the Government action from last three years .. They did many good things i agree BUT every day they are ONLY doing Criticism of of CONGI 70 Years / Sardar 10 Years and SO ON ....

Listen any speech both the parties are only fighting .. When they were in opposition they did the same thing and now the new opposition party is doing the same thing ..

But Cost to whom ??