Ujjivan Financial Services Ltd IPO Message Board (Page 68)

SKS Revenue 1002 Cr. FY 16
UFL Revenue 987 Cr. FY16

EPS 20.35 SKS ( Don''t Have)
EPS 15.2 UFL ( Have Bank License)

Still SKS @ 570
UFL @210

NAV 88.28 SKS
NAV 84 UFL

Think!!!

nice comparison but all bank trading at 3 times nav and ujivan has bank license

Arjun Sir,

Please do similar comparison between SKS & Equitas also na

ujivan ipo''s grey. market has been started...

How much money UFL will raise??

thyrocare price band ?

GMPs
EHL 25.25-26

TTL 201-208
Application 1200-1300

UFL
46-49
Application 1000-1075

UFL
210 Upper Band
Eps FY 16 Rs 15
PE 14
BV 86

thanks arjun sir..

Arjun Main reason for price difference or better PE multiple for SKS is SKS margin are way superior to UFL or EHL infant is almost 10 bases point better so market always like a company which has better margins.One reason for high margin for SKS is area in which is works or the asset quality also time it has been in this business If UFL and equitas both be successful in increasing its margin to level of SKS then will see big PE rerating for both Equitas UFL.

septa sir fair value 110 book value multiply by 3 means 330 for ujjivan ?

Mr.Keki Mistry, CEO HDFC
to ET Now
HDFC board approve sale of 10% stake in HDFC LIFE via IPO
HDFC to sell 10% in HDFC LIFE
Snippets from ET NOW TV

HDFC Standard Life announces IPO.
Parent HDFC to dilute 10% stake

Ujjivan financial services ltd is one of the 10 companies that have been the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.

diluted ujjivan will have a EPS of 10.62 for 2015 if u base that with equitas PE is 24 and SKS 30 which gives it price of 254 if u put equitas and Uijjvan and price of 319 if put sms and ujjivan


SO if it price at 205 s base on lower end on high i expect the price to be 225 which is still cheap compare to equitas. So again if the price band is 205-225 it is no brainer it will list close to 300 so all should apply SINGLE LOT SINCE THIS ISSUE WILL ALSO BE OVER SUBSCRIBED BIG TIME

i know but i am here compare all NBFC only so does make any difference. BTW Ujjivan Shares were allocated to investors at Rs.205 apiece, resulting in a price-to-book value multiple of 2.1 times, documents show. SKS PB is 7 and equitas Price to book is the best at 1.7

book value is for fy 16 which is already over and market will discount book value for next year. after IPO bv for equitas rs 60 and ujjiwan 120

Septaji,thnx, i want to open 2/3 dmat n limit will not cross 2lacs,plz suggest lower amc charge broker,my dmat on smc, they charged very high,amc around 900.trading/delivary .065/.65

Zerodha would be best broker for lower charges.

Thnx septa ji,what is basic dmat a/c,what is yerly charges,n which broker open basic dmat

The Annual Maintenance AMC) structure for Basic demat account shall be on a slab basis; if the value of holding is
(i) upto Rs. 50,000 ther will be NIL AMC and
(ii) for value of holding from Rs 50,001 to Rs 200,000 AMC will be upto Rs. 100

however u need to inform before opening also many brokers have one time life time AMC charge

Apply with full power for long term gain and listing gain.

Ujjivan IPO to open 28 April, to raise INR870 crore

Ujjivan IPO
Ujjivan Financial Services plans to open its IPO on 28 April 2016. According to the red herring prospectus (RHP), Ujjivan IPO will remain open till 2 May 2016. The INR870 crore IPO will be managed by Kotak Mahindra Capital Company Limited, Axis Capital Limited, ICICI Securities Limited and IIFL Holdings Limited while Karvy Computershare Private Limited will be the registrar.

Ujjivan IPO

Through the IPO, Bengaluru-based microfinance lender plans to raise INR358.2 crore by issuing new shares. This is less than the INR650 crore Ujjivan indicated in its draft red herring prospectus (DRHP). The reduction is primarily on account of a pre-IPO placement worth INR291.8 crore in February 2016. Going by the amount raised and shares sold, transaction price turns out to be INR205 per share. This price range is likely to act as a base for the IPO price band.


IFC, FMO, India Financial Inclusion Fund to sell shares

In addition to fresh shares, an offer for sale (OFS) will result in sale of 24,968,332 shares by existing shareholders which includes Sequoia Capital, CX Partners, International Finance Corporation (IFC) and UK’s development finance institution CDC. CDC is the biggest shareholder in Ujjivan with 10.8%, while IFC and CX Partners own 10.08% and 10.66%, respectively.

The OFS will include 3,495,626 shares by Elevar Equity Mauritius; 3,060,722 shares by International Finance Corporation; 1,754,386 shares by India Financial Inclusion Fund; 2,523,725 shares by Mauritius Unitius Corporation; 2,698,163 shares by Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO); 2,935,213 shares by Sarva Capital LLC; 3,093,869 shares by WCP Holdings III; and 5,406,628 shares by Women’s World Banking Capital Partners, L.P.


Ujjivan was one of the 10 companies which last year won in-principle approval from the Reserve Bank of India (RBI) to set up small finance bank (SFB). According to guidelines for SFBs, Ujjivan needs to bring down foreign shareholding to 49% by 6 April 2017. Currently, 77.1% equity of Ujjivan is with foreign shareholders.



For FY2015, Ujjivan’s net profit rose 38% from INR55 crore to INR75 crore and it disbursed loans worth INR432.8 crore with repayment rate of around 99.8%. Ujjivan IPO will compete with Thyrocare Technologies whose IPO opens on 27 April

Ujjivan to open on 28th April, price band around 205

Final date of IPO?

Ujjivan Financial Services Ltd
Issue Open: Apr 28, 2016 - MAy 2, 2016
Issue Type: 100% Book Built Issue IPO
Issue Size: {} Equity Shares
Issue Size: Rs. {} Crore
QIBs %
NIIs %
RIIs %
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. - Rs. Per Equity Share
Market Lot:
Listing At: BSE, NSE
Registrar: karisma.karvy.com
Rating & Recommendation
1. chittorgarh.com:
2. smartinvestment.in:
3. capitalmarket.com:
4. Grey Market:
4.1 Kostak Price :-
4.2 Premium:-

Dear Shareholder

I welcome you to the family of shareholders.

I thank you for your overwhelming support at the time of IPO and trust reposed by you in PCL. It will always be our endeavor to meet your expectations.

I am sure that by now you would have received credit in your bank account for the interim dividend declared by the Board of Directors in March 2016 out of the profits for the year 2015-16.

The proceeds of the IPO have been invested in Bank Fixed Deposits pending the deployment of funds for the objects for which Public issue was done.

I am happy to share with you the recent developments at our company and apprise you of the opportunities ahead.

As you are aware, the first half of FY16 was an encouraging one with an all round improvement in our company’s working. Though the company continues to enjoy an uptrend in many a global region because of its pre-eminent position in the camshafts market, disturbances in Chinese market and also reduced supplies to General Motors (GM) in Russia due to political reasons did affect the company’s top line growth in the latter half. Nevertheless, despite the setback in overall revenue growth, the company is hopeful of maintaining the EBIDTA margin despite continued sluggish market conditions in the automotive industry, both in India and outside.

The situation in China seems to be improving from March of 2016 and the company is in touch with GM Russia to address the reduced off-take in that country. While China and Russia have taken the sheen away in the recently concluded year, we still foresee some exciting times ahead.

Our company is poised to procure major contracts from global OEM''s for recent technologies that it has introduced - namely - DUCTILE IRON / HYBRID CAMSHAFTS and ASSEMBLED CAMSHAFTS. The company has presented some unique cost advantages to global OEMs in this process besides ensuring sustainable supplies over the long run. It is in the process of establishing ENGINEERING CENTERS manned with international experts in the US and Europe to sustain the growth.

The company remains very focused on its strategy in increasing sale of machined camshafts that strengthens the profitability. Also, the company plans to put up a separate facility for manufacturing larger variety of camshafts that go into large stationary engines besides catering to the locomotive industry. There is a growing market for these specialized products in India and abroad. The company also plans to cater to the two wheeler market - a space that has not been tapped till now. Both these segments should help the company mitigate risks.

The company has formed a special team of experts to pursue opportunities with Japanese OEMs given our breakthrough with Toyota and Suzuki for DUCTILE IRON camshafts.

Further, as part of the inorganic drive, the company is actively pursuing an acquisition in Europe that will not only add niche products to the current portfolio but will also strengthen the company’s position with customers in Europe and the US.

Going forward, the company is all set to emerge from a REGIONAL SPECIALIST to a TRUE GLOBAL PLAYER in the next couple of years and the management is leaving no stone unturned to make PCL a GLOBAL ENGINEERING COMPANY by 2020.

Thank you for your support and trust.

Warm regards
Logo
Yatin S Shah
Chairman & Managing Director
Precision Camshafts Limited
Solapur

Camshaft kai deewane!!

420=446.....Thyrocare...price....band....Lot....33...shares.....

Ujjivan Financial Services IPO to open on April 28
April 19 (Reuters) -

* India''''s Ujjivan Financial Services Ltd says IPO to open on April 28, close on May 2

* Ujjivan Financial Services IPO to include sale of new shares worth up to 3.58 billion rupees - filing

* Shareholders including IFC to sell some Stake in Ujjivan Financial Services IPO - filing Further company coverage .