@Jonam, tks for ur comparative analysis. Ujjivan is clearly operationally more efficient, geographically more diversified &, has a higher upside potential for capital gain.I watched the promoter''s interview- his attire (dhoti-kurta) totally belied his credentials- he has large banking experience in India & has also worked with top US investment bank for some time.
Only disappointment for us could be the lower allotment rate given smaller issue size coupled with the precedence set by Equitas.
Thanks Gravitas !! IMO allotment should be liberal as Thyrocare is opening a day before Ujjivan. So the quantum of investable fund would be divided amongst them atleast in the HNI category.
Ujjivan Financial Services Limited (“Ujjivanâ€) originally incorporated as Ujjivan Financial Services Private Limited on December 28, 2004 at Bengaluru, Karnataka. Company’s business primarily based on the joint liability group-lending model for providing collateral free, small ticket size loans to economically active women. The company also offer individual loans to Micro & Small Enterprises (“MSEsâ€).
• Company’s products can be classified under two broad categories, namely, Group Loans and Individual Loans. Depending upon the end use, these products can further sub-divided into Agricultural, Education, Home Improvement, Home Purchase and Livestock Loans.
• In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Bajaj Allianz Life Insurance Co., Kotak Mahindra Life Insurance Co. and HDFC Life Insurance Co.
• As of December 31, 2015, the company’s operations spread across 24 states and union territories and 209 districts in India through their 470 branches having 7,862 employees.
• On 7th October 2015, Ujjivan has received in-principle approval from the RBI to set up a Small Finance Bank (“SFBâ€).
53. Eagleye| Link| Bookmark|
April 21, 2016 2:39:45 PM
IPO Guru (6600+ Posts, 21900+ Likes)
UJJIVAN FINANCIAL SERVICES LIMITED (Refer Page No 237 of RHP dated 13th April 2016)
27/Apr/16 – Participation by Anchor Investors 28/Apr/16 – Bid/Offer Opens 02/May/16 – Bid/Offer Closes 05/May/16 – Finalisation of Basis of Allotment 06/May/16 – Unblocking of Funds from ASBA 09/May/16 – Credit of Equity Shares to Demat Account 10/May/16 – Commencement of Trading on NSE/BSE
It is a long play the Amy of car produce in India is going to double in next 5 years and all need camshaft and PCL is market leader also with the funds in organic growth is in card @ 150 it is priced at 18 PE with a CAGR OF 12% and PE retesting to higher level I except decent upside in long run
Also u have to public holding has reduce to u check all big MF both domestic and FIIS have purchased at higher rate so price movement will come and will come fast
EHL is having a large portfolio of asset backed loans, whereas UFSL is a pure microfinance player. This of course will change once it converts in to a bank. The overheads and risks are higher in a micro finance business as it is a cash and carry business. However to their credit both players have low NPAs.
46. Septa| Link| Bookmark|
April 21, 2016 11:35:09 AM
(4000+ Posts, 4600+ Likes)
Axis and ICICI bank are looking good at even these price both this stock are part of portfolio for donkey years.... Just brought both this stock and all with good mansoon i am also bullish on agri and auto industry