BSE Limited IPO Message Board (Page 78)

50. ~~gupa~~ | Link | Bookmark | January 6, 2017 5:49:39 PM

nothing is sure

50.1. Eagleye | Link | Bookmark | January 6, 2017 8:05:23 PM

IPO Guru (6600+ Posts, 21900+ Likes)

Gupa Bola ... ab aayega Maaza !!!

50.2. gamble | Link | Bookmark | January 6, 2017 8:43:50 PM (1600+ Posts, 3900+ Likes)

hehe.

49. CA M&co.Jodhpur | Link | Bookmark | January 6, 2017 5:24:10 PM

This message has been removed by a moderator.

49.1. Shivkant | Link | Bookmark | January 6, 2017 5:55:10 PM

Now what can we expect? is it heading towards 400?

48. Eagleye | Link | Bookmark | January 6, 2017 5:05:43 PM

IPO Guru (6600+ Posts, 21900+ Likes)

Daer All,

I have made a stupid typological error in the facts about NSE ...

the correction should read as ...
Hence, every 1 share held on 30th September is equivalent to 11 shares after Bonus & Split.

consequently, the calculations gets revised 10X as follows:

Thereby, EPS for FY 15-16 is Rs.18.86 & EPS for H1 16-17 is Rs.13.13

with the (assumed) CY EPS of Rs.26.26 (13.13 X 2)
... and if the IPO is priced @Rs.600/-
... then the PE will work out to be 22.85X

... pardon me folks _/\_

47. ~~Arjun Patel~~ | Link | Bookmark | January 6, 2017 4:15:45 PM

Eagleye,
NSE will be coming at price band of Rs. 90/-
IPO size 10000 Cr.
No of Shares to be issued 110 Cr. (11Cr as per draft of FV 10/-)
Hence P. B. comes to Rs. 90/- apx
Therefore
At 90/- P. B. With EPS 2.6 PE comes to 35.
Hence
NSE PE 35
BSE PE 23

You Can see the difference... The justify the gap.

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47.2. Eagleye | Link | Bookmark | January 6, 2017 4:51:12 PM

IPO Guru (6600+ Posts, 21900+ Likes)

Further,

In that case, the rumours of BSE IPO @850 is misleading ...
BSE will more likely be priced around 1200-1250 and NOT 800-850

47.3. MJB | Link | Bookmark | January 6, 2017 9:26:15 PM

if 24.37 lakh form required for 1x then it must be undersubscribe in retail quota.or apply for 2 lakh For max.allotment/gain

46. Ram kumar I | Link | Bookmark | January 6, 2017 3:00:47 PM

Any suggestions for ICICI pru shares ? Holding 1 lot @ipo price

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46.3. gamble | Link | Bookmark | January 6, 2017 3:52:21 PM (1600+ Posts, 3900+ Likes)

@MKB ......u sold today because u want to buy at lower level or wht??

Because if u buy any other stock with this CAPITAL then it will be the same .

46.4. Mann Ki Baat | Link | Bookmark | January 6, 2017 11:09:42 PM

IPO Mentor (500+ Posts, 500+ Likes)

I applied for listing gains only. Not investment. It turned out as a trap so I sold today. I have no intention to buy it again. I want the sale proceeds in my bank :)

45. Uchit Patel | Link | Bookmark | January 6, 2017 2:51:34 PM (500+ Posts, 1500+ Likes)

There are lots of confusion in financial nos. i.e. standalone, consolidated, EPS calculations (based on face value 1 or 2). In draft we have data available for only first quarter. In actual we already completed three quarters. First two quarters are really good for Indian Stock markets. In third quarter due to demonetization no. are affected. We will see the same in fourth quarter also. I think prediction of whole year EPS based on first quarter nos. is not good. Draft document is saying different no.s of shares for sale than actual no.s of shares for sale.

I think we should wait for few more days. Once RHP and price band is declared then we should do more analysis and comparison.

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45.2. Uchit Patel | Link | Bookmark | January 6, 2017 4:42:33 PM (500+ Posts, 1500+ Likes)

BSE mainly gets money from trading commission and IPO listing fees. You can see no. of IPO listed after demonetization. No. are drastically reduced. Also trade volume is also affected. New IPO listing will be less in Q4 also. Demonetization will affect profitability of BSE for third and fourth quarter of year 2016-17. There is no doubt about this facts.

45.3. ~~OmFinvest Mumbai~~ | Link | Bookmark | January 7, 2017 12:25:08 PM

Demonatisation affected across the market but in my view Capital Market now leaving it behind. Many SMEs, Debt listing, Mutual funds, Bonds, Equity listings already started post demonetisation, secondly exchange always get benefits from volume, listing fees etc. once co get listed. Exchanges will have sustainable, growing business.
Earlier exchanges get revenue from equity listings only. now they have currency, debt, Bonds, SME Platform.
In future many more sizable cos will get listed & volume will grow.
More importantly many New Products will come to enhance further revenue to Exchanges....

44. Eagleye | Link | Bookmark | January 6, 2017 2:34:49 PM

IPO Guru (6600+ Posts, 21900+ Likes)

BSE IPO

For 1X
RII = 3.18L Forms
NII = 197 Crs

Subscription Expected
RII = 9.50L Forms = 2.99X Applic.wise (Avg allotment of 5.685 shares per lot)
NII = 25K Crs. = 127X

Interest cost @4.25%p.a. for 7days = 69.3paise for 1X

Thus, for 25K Crs. the costing = Rs.88 per share (GMP)

And 88 X 5.685 = Rs. 500/- (Kostak)

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44.5. Chitchor | Link | Bookmark | January 7, 2017 7:28:08 AM

IPO Mentor (600+ Posts, 300+ Likes)

Good morning and thanks Ma''m.

44.6. Nagesh Dhanpal | Link | Bookmark | January 11, 2017 12:53:32 PM

Dear Eagle Eye Mam,
I have been asked many times this que that how we have calculated this NII=25K cr=127 based on subscription multiplier.

Is there any relation between Subscription multiplier and NII vol.

Plz pardon me if I am bothering asking you same que.

Plz anyone let me understand this.

With Subscription multiplier 2.99 NII=25k and with Subscription multiplier 2.3 u said NII=30k

How we have calculated this NII vol.

43. Septa | Link | Bookmark | January 6, 2017 2:06:39 PM (4000+ Posts, 4600+ Likes)

Agree with Eagleye comparing NSE and BSE is important on that front let compare

NSE in last trade valued it at 46 PE however from reliable source BSE will come at lower PE valuation around 30. I am happy if it as high as 33.

let see at what price band it comes

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43.2. Septa | Link | Bookmark | January 6, 2017 3:50:32 PM (4000+ Posts, 4600+ Likes)

i should have said expected Market cap then last traded and expected market value of Rs 45,000 crore based on 10000 Cr IPO issue size approx which is approx 22.7%. financial year ended March 31, 2016 NSEâ€™s total income from operations was Rs 2,359 crore and its net profit stood at Rs 975 crore so 45000/975 = 46.15 PE ( this i got from forbes article (http://www.forbesindia.com/article/special/nse-files-draft-ipo-papers-with-sebi-looks-to-raise-rs-10000-crore/45245/1)

that is how i got a PE of 46 . if i take NSE (https://www.nseindia.com/global/content/about_us/NSEIL_10112016.pdf) then calculation will be different may be we should wait on RHP

BTW thank you for sharing the info

with regards to BSE " hereby, EPS for FY 15-16 is Rs.24.36 & EPS for H1 16-17 is Rs.19.72

with the (assumed) CY EPS of Rs.39.44 (19.72 X 2)
... and if the IPO is priced @Rs.850/-
... then the PE works out to be 21.55X

Is that good or bad ?"

IMO if it comes at that price band it GOOD

SO LETS WAIT FOR NSE DETAILS

43.3. Eagleye | Link | Bookmark | January 6, 2017 5:02:30 PM

IPO Guru (6600+ Posts, 21900+ Likes)

I have made a stupid typological error in the facts about NSE ...

the correction should read as ...
Hence, every 1 share held on 30th September is equivalent to 11 shares after Bonus & Split.

consequently, the calculations gets revised 10X as follows:

Thereby, EPS for FY 15-16 is Rs.18.86 & EPS for H1 16-17 is Rs.13.13

with the (assumed) CY EPS of Rs.26.26 (13.13 X 2)
... and if the IPO is priced @Rs.600/-
... then the PE will work out to be 22.85X

... pardon me folks _/\_

42. Eagleye | Link | Bookmark | January 6, 2017 1:55:22 PM

IPO Guru (6600+ Posts, 21900+ Likes)

You may find it useful to compare NSE with BSE â€¦

For viewing the NSE Consolidated Financial Results for the Six Months Ended Sep 30, 2016

See Link here below
https://www.nseindia.com/global/content/about_us/NSEIL_10112016.pdf

Please note:

a) On November 24, 2016 NSE allotted Bonus shares in the ratio: 1:10

b) On December 13, 2016 NSE has sub-divided the equity shares having a face value of Rs. 10/- each into equity shares having a face value of Rs.1/- each

Hence, every 1 share held on 30th September is equivalent to 110 shares after Bonus & Split.

42.1. Eagleye | Link | Bookmark | January 6, 2017 5:00:12 PM

IPO Guru (6600+ Posts, 21900+ Likes)

I have made a silly typological error ...

the correction should read as ...
Hence, every 1 share held on 30th September is equivalent to 11 shares after Bonus & Split.

It can a hugh difference of 10X ... pardon me folks _/\_

41. bhargava | Link | Bookmark | January 6, 2017 1:24:17 PM

Icici Pru @338/-

40. Eagleye | Link | Bookmark | January 6, 2017 1:13:08 PM

IPO Guru (6600+ Posts, 21900+ Likes)

BSE IPO

Opening: 23rd January
Closing: 25th January (on F&O Expiry day)
Listing: 03rd February (2 days after Budget)

39. ~~OmFinvest Mumbai~~ | Link | Bookmark | January 6, 2017 12:50:39 PM

I believe IPO market will start with a great bang in year 2017.
BSE Ltd, will poised to give bumper returns.
Even on Higher price band it has lots of value....
super strong Balance Sheet backed with loads of Cash & equilents
Constantly evolving with innovative products for across the business segments.
Many more companies listings their Debt & Equity Instruments.
Another Jewels in Balance Sheets are :- CDSL, Indian clearing corp. ltd, BSE Institute....
*No brainer ~ Just Subscribe it & make money*

38. ~~Arjun Patel~~ | Link | Bookmark | January 6, 2017 12:45:59 PM

If EPS comes to 19.71 in H1.
Annualized EPS will comes to 38
Hence at 850/- it''s coming at multiple of 22-23X.

Also on valuing with NSE it''s way cheap.
Nav as on 30th September comes 425/- Est.
Nevertheless comes to 2 its BV.

However, Growth in Revenue and RONW it stagnant.
Demonstration though will affect DABBA karobar specifically in Third Quarter.

38.1. Septa | Link | Bookmark | January 6, 2017 1:58:28 PM (4000+ Posts, 4600+ Likes)

Correct me if I am wrong DADDA trade reduction will be positive BSE & NSE. Since dadda trade circumference the real trade . So decrease in DADDA TRADING IS PLUS FOR BSE

38.2. ~~RAJGURU~~ | Link | Bookmark | January 6, 2017 3:49:58 PM

its DADDA OR DABBA..?

37. SURAJ RAJ | Link | Bookmark | January 6, 2017 12:42:00 PM

next ipo

36. ~~OmFinvest Mumbai~~ | Link | Bookmark | January 6, 2017 12:17:13 PM

JUST HAD WORDS WITH MERCHANT BANKERS, BOARD MEETING YET TO TAKE PLACE ON PRICING.....

35. Ipo tracker | Link | Bookmark | January 6, 2017 9:49:45 AM

Top Contributor (500+ Posts, 200+ Likes)

Waiting for official declaration of price band & lot size.

35.1. Vivek Verma | Link | Bookmark | January 6, 2017 3:20:47 PM

Price band will b around Rs. 800-850

34. Eagleye | Link | Bookmark | January 5, 2017 11:20:19 PM

IPO Guru (6600+ Posts, 21900+ Likes)

For viewing the BSE Consolidated Financial Results for the Six Months Ended Sep 30, 2016

See Link here below

http://www.bseindia.com/downloads1/BSE_Consolidated_Financial_Results_for_the_Six_Months_Ended_Sep30_2016.pdf

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34.4. Pandit Ji | Link | Bookmark | January 6, 2017 1:14:13 PM

Top Contributor (400+ Posts, 200+ Likes)

MCX trades at a PE of 56

34.5. Septa | Link | Bookmark | January 6, 2017 2:18:35 PM (4000+ Posts, 4600+ Likes)

eagleye if it comes at 850 and looking at same size international exchange listed it is cheap a good 10 to 15% upside is possible and if you compare that with NSE when the last trade took place at 46 PE this would be steal.

33. Eagleye | Link | Bookmark | January 5, 2017 10:24:03 PM

IPO Guru (6600+ Posts, 21900+ Likes)

BSE IPO

For 1X
RII = 3.18L Forms
NII = 197 Crs

Subscription Expected
RII = 7.50L Forms = 2.36X Applic.wise
NII = 30K Crs. = 152X

Interest cost @4%p.a. for 7days = 65.2p for 1X
Thus, for 30K Crs. the costing = Rs.99.45 per share

32. gamble | Link | Bookmark | January 5, 2017 10:07:49 PM (1600+ Posts, 3900+ Likes)

Concl::::::

Apna samay barbad krne ki jaroorat naahi he BSE ke ipo me....if price band near 850
then "awsm" way is kostak sell .

32.1. Eagleye | Link | Bookmark | January 5, 2017 10:31:41 PM

IPO Guru (6600+ Posts, 21900+ Likes)

AWSM means "Awesome" ??

32.2. gamble | Link | Bookmark | January 6, 2017 7:44:03 AM (1600+ Posts, 3900+ Likes)

Are u a detective or what??

31. ~~Arjun Patel~~ | Link | Bookmark | January 5, 2017 9:24:14 PM

GMPs
BSE 85-90
Kostak 500-550
Very thin Trade
@Rajkot

31.1. Atul Kumar | Link | Bookmark | January 5, 2017 9:46:50 PM

Any info on the issue price range? Would also request septaji and Eagle eye to give their opinion on the issue.

Thanks to Eagleeye for suggesting to go thru DRHP of bseindia, which I went through, but unable to reach a conclusion as the issue price appears to be Rs 850 at least

31.2. Jsn | Link | Bookmark | January 6, 2017 7:33:28 AM

WELCOME ARJUN PATEL ðŸ‘ŒðŸ‘