i want to sell my application with kostak 4 applications how to sell, please advise
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November 4, 2017 4:14:03 PM
IPO Guru (1800+ Posts, 10200+ Likes)
A Sme ipo of ANI INTEGRATED SERVICES LIMITED is opening on 08 Nov. As for me it is one of the finest Ipo of recent times. Very good investment opportunity for short /medium /long term. Note - It''''s a SME IPO. better understand the terms & conditions of SME investment. Also own research and satisfaction required before applying.
I want to know, Can i apply 2 Lots in the Shareholders category as 870Cr. are reserved for Shareholders and 6Lkh applications are required to get 1X subscription. Would i firm allotment in Shareholder category for 2Lots?
If there is under subscription in shareholder quota then would everyone will get 1Lot for sure?? and those who have applied for 2 Lot will also get some shares of allotment??
For Shareholders Category there is a proportionate basis of allotment. If shareholders category subscribed 5 times means if you applied 250 shares then you will get 50 shares allotment.
Introduction : HDFC Standard Life Insurance Company Ltd (HDFC Life), incorporated in 2000, is Mumbai based life insurance provider. It is a joint venture between HDFC and Standard Life Aberdeen plc. It offers a wide range of individual and group insurance solutions including Protection, Pension, Savings & Investment and Health, along with Children''s and Women''s Plan. As on Sept 2017, its product portfolio comprised of 32 individual and 10 group products as well as 8 optional rider benefits. It sells policies through its own branches, Insurance agents, Partner Banks and through other financial institutions. As on Sept 2017, HDFC Life had a strong solvency ratio of 201% above the minimum 150% solvency ratio by IRDAI regulations. It also had a total AUM of INR995.3bn and Indian Embedded Value of INR140.1bn. Between FY15 and FY17, its annualized premium equivalent grew by a CAGR of 14.5%. Its individual persistency ratio stood at 73.3% (FY15), 78.9% (FY16), 80.9% (FY17) and 82.2% (Sept 2017). HDFC Life’s focus on creating a multi-channel distribution platform has resulted in increased market share in terms of total new business premium from 15.8% in FY15 to 17.2% in FY17.
View: We are positive on HDFC Life for long term as life Insurance sector in India provide huge opportunities for growth. HDFC Life has delivered Premium Income / PAT growth of 14%/19% in FY13-17. Further the company has delivered strong ROEs in excess of 21% consistently for last 5 years. At upper price band, the issue is priced at P/BV of 15.2x and P/EV of 4.1x FY17 post issue. While the valuation looks higher compared to other listed financial companies (like NBFCs, Insurance and Private banks), we believe premium valuations are justified due to 1) Huge potentials for growth as Insurance in India is highly underpenetrated, 2) Strong financial performance with consistent and profitable growth, 3) Focus on customer centricity enabling growth across business cycles, 3) Consistently growing multi-channel distribution footprint and 4) Consistent and Strong ROEs. Hence we recommend SUBSCRIBE for long term investment.