RBL Bank Ltd IPO Message Board (Page 56)

RBL IPO

GMP RS. 48 /50

KOSTAK RS. 800/-

Must be Apply

Khemka ji,chemchoji,plz share ur view for ujjivan

i wanted to know by having more bids will my chance of allotment increase. because from past 3 months i am trying various ipos but not even one is getting alloted only L&T infotech got alloted to me and that is in a loss.

I have taken high growth rate i got the fair value at 360 with 25% MIS my fair value for RBL bank would be Rs 270 so it will list around 290 to 320 IMO it they come with good quarter result then Rs. 360 is on card By Diwali

When i was doing my research i was looking at DCB bank looks good if you compare with RBL and YES bank DCB bank 3000 cr market cap profit 191 Crs look cheap when u compare with YES and RBL however its NPA is 2% compare to YES and RBL .5% which may be the reason these r getting better PE rating

Apply this issue it will give you listing gain long run it will be portfolio stock so buying on list will be good option if u do not get allotment

Apply single LOT ONLY

Initial Cash Flow:      $2,92,50,00,000                   
                        
Years:      1-5       6-10            
Growth Rate:      24%      18%            
                        
Terminal Growth Rate:      5%            Discount Rate:      11%
                        
Shares Outstanding:      36,98,08,976             Margin of Safety:      25%
Debt Level:                        
                        
Year      Flows      Growth      Value      
1      3,56,85,00,000       22%      $3,21,48,64,865       
2      4,31,78,85,000       21%      $3,50,44,92,330       
3      5,18,14,62,000       20%      $3,78,86,40,357       
4      6,16,59,39,780       19%      $4,06,16,95,518       
5      7,27,58,08,940       18%      $4,31,78,38,478       
6      8,51,26,96,460       17%      $4,55,12,35,153       
7      9,87,47,27,894       16%      $4,75,62,45,745       
8      11,35,59,37,078       15%      $4,92,76,41,988       
9      12,94,57,68,269       14%      $5,06,08,21,502       
10      14,62,87,18,144       13%      $5,15,20,07,475       
                        
                        
Terminal Year      $15,36,01,54,051                   
                        
PV of Year 1-10 Cash Flows:                  $43,33,54,83,411       
                        
Terminal Value:                  $90,16,01,30,806       
                        
Total PV of Cash Flows:                  $1,33,49,56,14,217       
                        
Number of Shares:                  36,98,08,976       
                        
Intrinsic Value (IV):                  $360.99       
                        
Margin of Safety IV:                  $270.74       
                        
What Percentage of IV comes from                   68%      
the Terminal Value:                        

@Septa you have not considered equity dilution for future years that is why your fair value comes to Rs 360. Do you think or are you confident that small bank like RBL will continue to grow in the range of 22-13% over the period of next ten years with the present capital base? If further equity dilution is considered then fair value will fall further. Let us assume that RBL doesn''t dilute its equity but opts for debt, then interest outgo will have to be deducted from future cash flows

@ Rainmaker I got both from RHP and not from DRHP PAT is 2016 from RHP rounded it nearest lakh outstanding shares i also got from RHP post this issue

@ Mann Ki Baat dilution is hypothetical factor so i cannot assume that is is reason i have given MIS at 25% so fair rule is not Rs360 it more Rs270 is MY FAIR VAULE

However i found lot EPOS which is dilute the outstanding shares

BTW in total we have 4 DCF method to calculate this is middle level which most analyst use

Also if you see i have not consider the Debt path IMO the real calculation is PB Ratio for financial institution

With regards to growth IMO small banks have bigger prospects to grown then large bank given the base. HDFC annual growth rate is around 20% plus with Deepak Parekh as a investor in RBL IMO growth rate will be possible Actual his son

Also if you look at premium which is around 50 plus issue price 225 is very close to MY fair value 270

rbl ka ipo me kya kare

Septa ji
Can you find fair value using formula
Please take high growth rates. Management is all set to post 400 Crores of profit in this financial year.

will do once i reach home still at office btw any idea outstanding shares after the issue eagleye need your contribution i have a copy of RHP will get details from it however if eagleye can provide it will be easy

Listing date?

Bhens ghaas kha rahi he... Aur tum Dahhin bechne ki baat kar rahe ho ???

I WILL PREFER REC LTD AT THIS PRICE WHICH IS CUM DIVIDEND AND CUM BONUS WITH A EPS RS. 50/- PLUS

REC is good counter i hold then news is this time it would bonus so some movement for sure

Still intact with earlier view ~~

93. Khemka Aug 3, 2016 1:23:04 PM IST Reply
Dilip Buildcon Ltd IPO

Gst pass or not market will tank in August upto nifty 8180 , gst will be pass its 100% sure

Why not show Summary of financial Information of FY 2015-16, pls post/update

Septa I purchased EQUITAS @ 180 Also want to add more. Can I purchase at the current label or wait for another correction.

link to red herring prospects pls if anyone have

http://www.investmentbank.kotak.com/offer-documents/offer-documents.html

thank u

@ SEPTA SIR,

I'' M HOLDING UJJIVAN FINANCE SINCE IPO ALLOTMENT, AS PER YOUR ADVISE, WHY
UJJIVAN GOING DOWN AND ARE THEIR CHANGES IN FUNDAMENTALS OF THE COMPANY OR IT JUST CORRECTION MODE, PLEASE SHARE YOUR VALUABLE COMMENT AND ALSO PL SUGGEST YOUR FINDING ON RBL BANK CAN WE SELL
THE APPLICATION IN GREY MARKET AND OR MAKE IT OPEN

PL REPLY

THANKS IN ADVANCE

With RBL i have already disclosed my position apply on the first day itself will list on premium

THANKS VERY MUCH FOR YOUR REPLY

RBL Ke bad kon sa IPO aane wala hai

RBL Ke bad non sa IPO aaraha hai

पहले इसमें तोह अप्लाई कर ले

फिर बाद में सोचेगे

it is not an NEW bank , but stated growing slowly , Its NPA is less and hence can apply , it will go up can hold for long term , Then later on consider this as an portfolio stock ,
Apply with out fear on the first day itself , now waiting for QIB , OR NI quota to subscribe,

Wait only for seven days to see that you have not got allotment ,

RBL fair market price comes to Rs 163 per share as per the audited balance sheet dated 31-03-2016

RBL was successful in selling shares @ Rs 195 per share to international investors including Asian Development Bank and CDC Group Plc. in December 2015

If we compare RBL valuations with HDFC Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank then its valuations are cheap

But if we compare it with ICICI Bank, Axis Bank and State Bank of India then its valuations are high

For Investment; RBL bank is not worthy, better invest in ICICI, Axis or SBI

At Rs 225 per share everything is fairly priced like higher CAGR, low NPA, etc.

Apply in RBL for listing gains only (if any)

IPO market is very frenzy. Look at DBL, I am surprised to see DBL closing above Rs 250. Smart IPO traders might have sold it today or will sell by tomorrow. I see DBL trading @ Rs 200 by next year. Even Rs 200 looks rich!!!

My sense is that if a company like DBL can close at a premium of 15% then why not RBL?

Though valuations of RBL are high I may apply in it only for listing gains

Book value 75 Rs only.PB comes 3 times. Nothing left on table for investor.

Book Value Rs 92 per share as on 31-03-2016 so P/B is 2.45 times. Shayad listing day pe thoda prasad mil jaaye? kya bolte ho?

what is the grey market premium in RBL BANK IPO

Ujjivan down to 417 almost near 410 after meeting last 2 target smoothly ~~

387.1. Ashish Khater Aug 3, 2016 8:57:33 PM IST
Khemkaji will it come near 400??...I have sold at 430...wan to buy it again...ur views plzz
387.2. Khemka Aug 3, 2016 9:59:19 PM IST
If nifty falls another 150 points then maybe 410 possible

Khemkaji...bought back ujjivan at 423.5 today...now holding free quantity...thank u..will add more slowly like a SIP. Ur views on it as a portfolio stock ??