IPO Grey Market Premium (October, 2017 Messages)

IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.

IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.

Note: The messages express the views of the author of the message. We do not actively monitor the contents of posted messages on this forum. We are not responsible for the contents of any messages posted. Do not vouch for or warrant the accuracy, completeness or usefulness of any message.

This page shows the archived IPO Grey Market Messages received in October, 2017

Current IPO Grey Market Premium in India  Grey Market FAQs


IPO Grey Market Discussion

October, 2017 Messages

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gravitaparol
463. gravitaparol  Nov 1, 2017 11:26 I Like It. | Report Abuse
61 Reliance
36 Mahindra
61 khadim
15 HDFC Life
prakash dalal
462. prakash dalal  Nov 1, 2017 11:13 I Like It. | Report Abuse
Prakash Dalal
Dear JSk , sorry I read your msg today
Gmp quoted is for ahmedabad
ipo share
461. ipo share  Oct 31, 2017 23:44 I Like It. | Report Abuse
Greed of promoters, not only Private but Govt also, is at its peak. Dangerous signs friends. Every fundamental viz P/E, P/B, acquisition cost of existing shareholders is being completely ignored. This is our own money guys and we should first protect it. Don''t invest in such IPOs to send strong message to such COs.
Jain devendra
460. Jain devendra  Oct 31, 2017 16:56 I Like It. | Report Abuse
MSE shar price?
Bestprice
460.1. Bestprice  Oct 31, 2017 22:57 I Like It. | Report Abuse
Available at 1.65
Contact if you required
vishal mohata
459. vishal mohata  Oct 31, 2017 21:58 I Like It. | Report Abuse
kostak price of Reliance Nippon
ashish kota
458. ashish kota  Oct 31, 2017 21:20 I Like It. | Report Abuse
what price listing for mahindra ipo as u expacted and what today gray market price
Mathews
457. Mathews  Oct 31, 2017 20:45 I Like It. | Report Abuse
I can''t stop my laughter after seeing the insurance companies lining up with IPOs. It is just a joke.
DEEPAK SHANI
456. DEEPAK SHANI  Oct 31, 2017 19:56 I Like It. | Report Abuse
?
Uchit Patel
455. Uchit Patel  Oct 31, 2017 18:41 I Like It. | Report Abuse
New India Assurance:

After detailed study I found NIA is comparable only with ICICI Lombard because both are in general insurance. Though many differences are there i.e market capitalization etc. Don''t compare NIA with SBI Life, General Insurance, ICICI Prudential.

We know the listing of ICICI Lombard. Though it didn''t give good return but price is more than issue price. It gave chance to earn 8 to 10 % (price more than 700) for short term investors. 8 to 10% is not a bad deal in short time.

If we compare ICICI Lombard and NIA then I found NIA is much superior in following:

History
Customer Base
Assets
P/BV
P/E

Because of ICICI Lombard''s neutral performance I can say listing is not in discount. I suggest investors to apply minimum lot. Chances are more that each applicant will get one lot. Favorable market condition will give minimum 5 to 10% return in short term. For mid to long term investors will get more return.

I am going to apply for mid to long term.

Market Plus
455.1. Market Plus  Oct 31, 2017 18:53 I Like It. | Report Abuse
Don''''t Apply for New India Assurance IPO, this action vest your time and money. Even don''''t think about this IPO.
Market Plus
455.2. Market Plus  Oct 31, 2017 18:58 I Like It. | Report Abuse
waste instead of vest(typing error)
Eagleye
454. Eagleye  Oct 28, 2017 17:45 I Like It. | Report Abuse
GMP last heard:

Reliance Nippon
63 - 64

Mahindra Logistics
40 - 42

Khadim
105 - 110

HDFC SL
9.50 - 10.50
SAJAL SHETH
454.5. SAJAL SHETH  Oct 30, 2017 11:58 I Like It. | Report Abuse
Thanks Eagleye (9583) Madam
vijay kumae
454.6. vijay kumae  Oct 31, 2017 16:36 I Like It. | Report Abuse
_/\_ mam
Ravi N Modi
453. Ravi N Modi  Oct 31, 2017 15:47 I Like It. | Report Abuse
What is kostak prise of Mahindra?
JSK,Mum
453.1. JSK,Mum  Oct 31, 2017 16:31 I Like It. | Report Abuse
400
RAJESH VARTAK
452. RAJESH VARTAK  Oct 31, 2017 15:51 I Like It. | Report Abuse
Allotment date for Reliance Nippon
JSK,Mum
452.1. JSK,Mum  Oct 31, 2017 16:30 I Like It. | Report Abuse
3/4.11.2017
c b chudasama
451. c b chudasama  Oct 31, 2017 16:04 I Like It. | Report Abuse
Please muje bataye mahindra aur khadim me se konsa apply kare
DGASSOCIATES
450. DGASSOCIATES  Oct 31, 2017 13:13 I Like It. | Report Abuse
hello everyone i am new to this forum
JSK,Mum
450.1. JSK,Mum  Oct 31, 2017 13:50 I Like It. | Report Abuse
Hello ...which city ??
prakash dalal
449. prakash dalal  Oct 31, 2017 12:10 I Like It. | Report Abuse
Prakash Dalal
Source smart investment
Gmp
Rel ins 60-62
Mahindra 50-52
Khadim no deal
Hdfc ins 15-16
New India assu seller

JSK,Mum
448. JSK,Mum  Oct 31, 2017 11:53 I Like It. | Report Abuse
mahindra ka premium neeche kyu aa raha hai ???
jainsaab
447. jainsaab  Oct 31, 2017 09:36 I Like It. | Report Abuse
today premium of all ipos please
Eagleye
446. Eagleye  Oct 30, 2017 21:52 I Like It. | Report Abuse
GMP last heard:

Reliance Nippon
61 - 62

Mahindra Logistics
35 - 37

Khadim
60- 62

HDFC SL
15.25 - 15.75
vinay singal
446.1. vinay singal  Oct 31, 2017 09:25 I Like It. | Report Abuse
sir what is today premium of ipo..
vinoo
445. vinoo  Oct 30, 2017 23:06 I Like It. | Report Abuse
NLC india OFS allotment status kya hai
sansansuh
445.1. sansansuh  Oct 31, 2017 00:14 I Like It. | Report Abuse
chech your demat a/c for holding position and ledger balance.
Pokemongo
444. Pokemongo  Oct 30, 2017 19:03 I Like It. | Report Abuse
Is merger call of between idfc and shriram positive or negave for idfc bank?
Kalyan kumar
444.1. Kalyan kumar  Oct 30, 2017 23:58 I Like It. | Report Abuse
I have also the same question I bought 1000 shares idfc bank at rs 55.70 today
Eagleye
443. Eagleye  Oct 30, 2017 22:48 I Like It. | Report Abuse
GMP last heard:

Mahindra Logistics
33 - 35

Khadim
55 - 57
NVB
443.1. NVB  Oct 30, 2017 23:02 I Like It. | Report Abuse
Bharat 22 etf premium?
Re.analist
442. Re.analist  Oct 30, 2017 22:51 I Like It. | Report Abuse
2787. Re.analist Oct 27, 2017 2:07:14 AM IST Reply
@ my old msg
Buy zuari global 186 long time target 1000 good fundamental.
1 book value jump 225 to 492
2 reserve 663 to 1400 cr .
3 investment jump 470 to 1164 cr .
4 deft free company .
Public holding aprox 12 %
*** subject to market Risk
@@@@@@@@@@@@@@@@
Today blast 10 % plus 196
Buy this stok longtime
Eagleye
441. Eagleye  Oct 30, 2017 21:08 I Like It. | Report Abuse
List of IPOs IN THE PIPELINE (Status as on 27th October 2017)


A) DRHP Filed – SEBI Approval *Awaited*:

1) Reliance General Ins. Co. >>> DRHP date 09-Oct-17
2) Amber Enterprises India >>> DRHP date 29-Sep-17
3) Seven Islands Shipping >>> DRHP date 29-Sep-17
5) Acme Solar Holdings >>> DRHP date 28-Sep-17
6) Karda Constructions >>> DRHP date 27-Sep-17
7) CMS Info Systems >>> DRHP date 27-Sep-17
8) H.G.Infra Engineering >>> DRHP date 27-Sep-17
9) Newgen Software Technologies >>> DRHP date 27-Sep-17
10) Prince Pipes and Fittings >>> DRHP date 26-Sep-17
11) Apollo Micro Systems >>> DRHP date 23-Sep-17
12) Lemon Tree Hotels >>> DRHP date 19-Sep-17
15) Barbeque-Nation Hospitality >>> DRHP date 14-Aug-17
17) National Stock Exchange of India >>> DRHP date 28-Dec-16


B) SEBI Approval *Received* *(within the past 3 months)*:

1) Hindustan Aeronautics >>> SEBI Approval 27-Oct-17
2) Aster DM Healthcare >>> SEBI Approval 27-Oct-17
3) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
4) Future Supply Chain Solutions >>> SEBI Approval 26-Oct-17
5) Astron Paper & Board Mill >>> SEBI Approval 19-Sept-17


C) SEBI Approval Received *(more than 3 months ago)*:

6) Shalby Hospitals >>> SEBI Approval 14-July-17
7) Nakshatra World >>> SEBI Approval 09-June-17

D) SEBI Approval Received *(more than 9 months ago)*:

8) Genesis Colors >>> SEBI Approval 03-Feb-17
9) GR Infraprojects >>> SEBI Approval 22-Dec-16
10) Continental Warehousing Corp. >>> SEBI Approval 16-Dec-16
Stock tiger
441.1. Stock tiger  Oct 30, 2017 21:51 I Like It. | Report Abuse
Please latest prem
DURAISWAMY VENUGOPAL
440. DURAISWAMY VENUGOPAL  Oct 30, 2017 11:38 I Like It. | Report Abuse
Hi! I am new comer.
It seems to be that no use of applying IPOs with more no .of lots for full 2 lakh rupees. Due to change in method of basis of allotment , the ratio of allotment is same for 1 lot and also for 13 lots. If any wrong I may be corrected.
Suppose if a IPO in RII CATEGORY is over subscribed for 5 times then the applicant who have applied for 5 lots are more should get firm allotment for 1 lot of shares. But now it is not the same. The applicant who applied for 5 lots or more also need to participate in lottery. No preference for the applicants applied for more lots close to Rs 2.0 lakh .The ratio of allotment for 1 lot to 13 lots are same.
Srinivas munupally
440.1. Srinivas munupally  Oct 30, 2017 15:13 I Like It. | Report Abuse
it is better to apply 3 lots 4 lots 6lots suggest me?
NVB
439. NVB  Oct 30, 2017 15:12 I Like It. | Report Abuse
Current grey market premium of all ipo?
Uchit Patel
438. Uchit Patel  Oct 30, 2017 12:42 I Like It. | Report Abuse
Mahindra Logistics IPO:

It is very costly ipo. They are asking 65 times of P/E. Many good peers are available at below 50. Though brand name ''Mahindra'' is a promoter. Many companies of Mahindra group gave good returns to investors. But Mahindra Holiday''s return is not up to the mark.

In Mahindra Logistics top line and bottom line are growing seedily. Growth is normal 10 to 15%.

There was a golden period of logistics companies in year 2014 - 15. At that time hope of ''GST coming'' all logistics companies gave 4 to 5 times return. But now all are at matured level. Not much fruits are left in logistics companies.

There is no harm if you skip this IPO. I am not applying this IPO.
Mathews
437. Mathews  Oct 30, 2017 02:10 I Like It. | Report Abuse
It is excess supply. Investment funds are getting locked in at PIOs with excessive valuations. Remember the themes of earlier bull markets...and people lined up in front of banks with application forms.
It started with 100% EOU units, Polyester Filament Yarn (PFY) units, NBFCs, dot.coms etc. Now it is insurance. Can u see the beginning of the end???? If u can''t ...then you are a fool. Don''t hold on to them for long. You will loose money rather than making money. Don''t blame SEBI, promoters, registrars....it is because of u, it is happening. If u don''t put your money in all IPOs will vanish.
Ramesh kumar singh
436. Ramesh kumar singh  Oct 29, 2017 21:31 I Like It. | Report Abuse
Please guide about invest in ipo mandra logistics
Kwin
435. Kwin  Oct 29, 2017 00:13 I Like It. | Report Abuse
Most of the IPO''s which have recently came and also which are lined up are certainly coming with steep valuations..during tech boom the tech companies used to trade in range of 50 to 100 PE and the end we all know..pratap snaks at 200, sbi life at 55, icici at 45 khadim at 70+, mah logi at 40+,hdfc life at 45+...on any bad period in this market these all will correct and there is no fun seeing your investment sinking and waiting endless to get back your cost price..remember warren buffett saying..buy a wonderful bussiness at fair price rather then a fair bussiness at wonderful price...these all are wonderful price..
Vnrao
435.1. Vnrao  Oct 29, 2017 18:28 I Like It. | Report Abuse
In an extremely bullish market as of now, GIC, IEX are in red. This only shows the bunch of IPOs coming with steep valuations are bound to perform poor on listing. Caution to be exercised is now. The upside is very small or nil but downward risk can be anywhere between 25% to 50% once market starts retreat.
NVB
434. NVB  Oct 29, 2017 18:14 I Like It. | Report Abuse
Any premium of BhARAT 22 ETF?
Royal Review
433. Royal Review  Oct 28, 2017 17:20 I Like It. | Report Abuse
IEX AND PRATAP SNACKS RAKHE YAA BECH DE??
Gandhi Rushabh
433.1. Gandhi Rushabh  Oct 29, 2017 16:43 I Like It. | Report Abuse
Iex sell & prataap hold ..
Kwin
432. Kwin  Oct 29, 2017 00:32 I Like It. | Report Abuse
specifically coming to PSU IPO''s..you will only make money if a PSU is available at around 10 PE..above that only govt. will make money..in 90''s all these PSU were trading in single digit PE..the PSU staff will get the same salary either they give 200% or 20% output..their managements are not concerned in creating shareholder value..just work 9 to 5..any of the PSU which are showing good profits are just because the wind is blowing there side.like BEML, BEL (defence story), HPCL, BPCL, IOC (Low crude story)...rest ONGC, BHEL, all PSU banks are lost stories..PSU can''t deal during challanging periods..and GIC & NIA at 30+ PE is just another ONGC & BHEL..market will rise from 10000 to 20000 and they will move 20% at best..there are great stocks in open markets..it is better to buy there instead of IPO''s..
Vnrao
432.2. Vnrao  Oct 29, 2017 12:47 I Like It. | Report Abuse
True. 100% agree
Kevin jones
432.3. Kevin jones  Oct 29, 2017 13:03 I Like It. | Report Abuse
Never invest in any psu stocks or psu ipo. Bcoz psu means PANT SHIRT UTARO. Chor govt kabhi bhi kisi ko psu stocks mein kamane nahin dega. Stay away from Shit.
OMPRAKASH KUMHAR
431. OMPRAKASH KUMHAR  Oct 28, 2017 23:22 I Like It. | Report Abuse
Reliance Nippon 62
Mahindra 45 48
Hdfc 7 8
bipin kedia
430. bipin kedia  Oct 28, 2017 15:19 I Like It. | Report Abuse
BHARAT 22 ETF ISSUE DATE
15/11/2017 TO 17/11/2017
8000 CR
RETAIL DISC 3%
B K SHARMA
430.1. B K SHARMA  Oct 28, 2017 19:48 I Like It. | Report Abuse
Discount is for all category @ 3%.
ICICI Pru is coming with Bharat 22
Eagleye
429. Eagleye  Oct 24, 2017 22:23 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(21) - (20)

Reliance Nippon
75.50 - 76.50

Mahindra Logistics
100 - 101
SANJAYNAMAN
429.5. SANJAYNAMAN  Oct 27, 2017 18:26 I Like It. | Report Abuse
TODAY GREY MARKET OF RELIANCE AND SUBSCRIPTION
JAIPUR
429.6. JAIPUR  Oct 28, 2017 17:22 I Like It. | Report Abuse
Please post and support team for latest GMP and kostak rate all IPO
DPP
428. DPP  Oct 28, 2017 09:48 I Like It. | Report Abuse
Reliance Nippon GMP 65-75
Mahindra GMP 80-90
vinay singal
428.1. vinay singal  Oct 28, 2017 14:34 I Like It. | Report Abuse
sir what is the premium of New india assur.
khadim india
hdfc life
DPP
427. DPP  Oct 28, 2017 14:22 I Like It. | Report Abuse
RELIANCE NIPPON GMP 34-55
MAHINDRA 70-80
JSK,Mum
426. JSK,Mum  Oct 27, 2017 11:13 I Like It. | Report Abuse
koshtak price in Navi Mumbai :

Reliance Nippon: 550

Mahindra Log. : 350

JSK,Mum
426.2. JSK,Mum  Oct 28, 2017 13:48 I Like It. | Report Abuse
Grey mkt. price :

Reliance : 45

Mahindra : 65
NOQuestionsAsked
426.3. NOQuestionsAsked  Oct 28, 2017 14:12 I Like It. | Report Abuse
People quoting grey market premiums as low as 48-52 today, yesterday it was 76, how come it reduced so fast?
vishVISH
425. vishVISH  Oct 28, 2017 13:12 I Like It. | Report Abuse
LATEST GMP ??????????
dngohel
424. dngohel  Oct 28, 2017 13:04 I Like It. | Report Abuse
I have demat account in cdsl but bank submitted my application on NSE what will happen
ANIL VERMA
423. ANIL VERMA  Oct 28, 2017 10:26 I Like It. | Report Abuse
Reliance Nippon oversubscribed by more than 80 times.RII less than 6 times.
D I POMAL
422. D I POMAL  Oct 26, 2017 11:29 I Like It. | Report Abuse
New India Assurance IPO analysis

By Neerja Agarwal | 10/25/2017 3:10 PM Wednesday

IPO rating - 39*

About the issue

The New India Assurance Company is coming with an IPO to raise Rs. 10,560 crore through fresh issue of 2.4 crore shares and offer for sale of 9.6 crore shares. The offers will remain open from November 1 to 3, 2017. The shares will be issued in the price band of Rs. 770-880 crore and retail investors and eligible employees will be given a discount of Rs. 30 per share. The face value of the share is Rs. 5. One would need capital of Rs. 15,840 to subscribe for the issue as the minimum lot size if 18 units. The lead book runners for the issue are Axis Bank, IDFC bank, Kotak Mahindra Capital, Nomura and Yes Bank. 

With this IPO, the company will be listed on both NSE and BSE. 

Purpose of the issue

At the lower end of the price band, the company will raise ~Rs. 1,848 crore. The funds will be used to meet the IPO-related expenses and for future growth and expansion in FY18. 

The company has a current solvency ratio of 2.27 which is above the IRDA requirement of 1.5. The company plans to utilize the funds to also maintain or improve this ratio post the expansion plans. 

About New India Insurance 

New India Assurance is a leader in the general insurance category, with a market share of 19.1%, 21.9%, 29.6%, 18.2%, 21.0%, 15.1% and 18.4% of total gross direct premium from segments fire, engineering, aviation, liability, marine, motor and health insurance, respectively. We see that the company enjoyed an overall market share of 15% in FY17 and stands at number one position in the category. However, its market share has marginally diminished from FY15 from 15.6% to 15% in FY17. This could be largely driven by slipping in the market share in fire insurance (largest  category in general insurance industry) from 20.4% in FY15 to 19.1% in FY17. However, the company has been able to grow its standing in the motor insurance sector. 

The company has witnessed a CAGR of 15.18% in  gross written premium over FY13-17 which was almost in-line with non-life insurance industry growth of 15% CAGR over FY11-16. In FY17, its gross written premium stands at Rs. 23,230.5 crore. Also, its claims settlement ratio in FY17 improved to 96.51% from 95.8% in FY15. Motor and health contributes ~64% to the gross written premium followed by fire, other, crop and marine. The company offers approx. 230 products under these business segments. 

The company has about 2,452 offices in India in all states and union territories. It has a robust distribution network with 68,389 agents and 16 corporate agents along with tie-ups with banks and automotive OEMs and dealers. The direct channel of agents contributes ~42% to the business, followed by 25.75% from brokers. Being a PSU, the company also partners with state and central government for implementation of various insurance schemes. 

Company''s gross written premium increased at a CAGR of 15.18% and networth increased at a CAGR of 7% over FY13 to FY17. Gross direct premium per employee increased from Rs 62.7 lakh in FY13 to Rs 122.6 lakh in FY17. Also, operating expense ratio was 20.40% in FY17 which is lowest among the top 10 multi-product insurers in India. 
  
The company intends to focus on high growth retail health sector, innovative products for miscellaneous segments including cyber liability, title insurance for immovable property and unorganized commercial sector. 

Financial performance

The company has been able to grow the gross premium written at ~15% CAGR over FY15-17. However, the company has been making operating losses in miscellaneous insurance segment since last five years which are eating up the profits from the marine business. Also, we note that profit before tax has declined from Rs. 1697 crore in FY15 to Rs. 926.3 crore in FY17. Consequently, PAT has also declined from Rs 1374 crore in FY15 to Rs. 819crore in FY17. 

Valuation

Company’s P/B on the lower band for the offer is at ~4.5x which is lower that ICICI Lombard P/B of 7.63x. However, New India assurance RoNW is at 6.3x while ICICI Lombard is ~14x. 

Our view

Non-life insurance sector is expected to grow at a steady pace of 15-8% CAGR. We see that New India Assurance being a market leader in the segment will benefit from the same. However, we see that rising claims and declining profitability doesn’t augur well for the company. We see that the company is still dependent on direct sales channel for 60% of the premium collected and has a high dependency on the state of Maharashtra. Though the P/B of 4.5x is below its only listed peer ICICI Lombard, we see the performance is way below ICICI Lombard which has seen CAGR growth of 25% over the last 5 years.

Hence, we recommend avoid on this IPO. 


*40 or lower – Avoid Investment, 41 to 45 – Risky, 46 to 50 – Invest with limited exposure, 51 to 55 – Investment recommended, 56 & above – Excellent Investment
Knowledge Share
422.1. Knowledge Share  Oct 28, 2017 09:43 I Like It. | Report Abuse
Nice analysis
Avoid
????
gandhipcs
422.2. gandhipcs  Oct 28, 2017 10:14 I Like It. | Report Abuse
Avoid New India insurance
Eagleye
421. Eagleye  Oct 26, 2017 14:48 I Like It. | Report Abuse
I do not consider myself competent to offer any advise … I only share information …
ITL
421.7. ITL  Oct 27, 2017 18:44 I Like It. | Report Abuse
Eagleye do not give importance to others, you may go head with your information it is helping us a lot.....
Stock tiger
421.8. Stock tiger  Oct 28, 2017 00:35 I Like It. | Report Abuse
Please update regularly. Why u listen of those who don’t believe u and neglect us who have faith in u
Knowledge Share
420. Knowledge Share  Oct 26, 2017 17:57 I Like It. | Report Abuse
Dear All

In stock market
Company or promoters or advisors or speculators or investors
Sell dream to greedy people and they make money.

So be alert
Don''t over speculative
Don''t trade with borrowed money in high index
Be cautious in IPO, Apply only if issue oversubscribed at least 3 times and HNI 25 times because no shortage of money for HNI if issue is good
apply one lot one person
MK ARYA
420.1. MK ARYA  Oct 26, 2017 21:27 I Like It. | Report Abuse
GOOD
Chartist
420.2. Chartist  Oct 27, 2017 23:57 I Like It. | Report Abuse
Don''t listen to this idiot Knowledge Share

Knowledge Share does not have any Knowledge to Share

SPAM

Moderator remove this person as he does not have any knowledge to share and Mr. KS don''t write in English because you don''t have any English Knowledge to Share

????????????????????????
Manish bohra
419. Manish bohra  Oct 27, 2017 21:22 I Like It. | Report Abuse
Please mistake hdfc ipl
Bestprice
418. Bestprice  Oct 27, 2017 01:12 I Like It. | Report Abuse
This message has been removed by a moderator.
Bestprice
418.1. Bestprice  Oct 27, 2017 20:54 I Like It. | Report Abuse
Thanks admin getting lot of call????
RAJPUTANA
417. RAJPUTANA  Oct 27, 2017 20:19 I Like It. | Report Abuse
Final subscription data of reliance nippon
SANJAYNAMAN
416. SANJAYNAMAN  Oct 27, 2017 18:22 I Like It. | Report Abuse
Reliance nippon total subscription and grey market price kya h
IPO INFORMAR
416.1. IPO INFORMAR  Oct 27, 2017 18:28 I Like It. | Report Abuse
Time limit to apply on last day and max applications from same bank account.

SBI - 2 PM - 5 app.
CBI - 4 PM - ???
BoB - 3 PM - 5 app.
BOI - 3 PM - 5 app.
OBC - 4 PM - ???
PNB - 3 PM - 5 app.
Corp - 3 PM - 5 app.
ICICI - 3 PM - 1 app.
Axis - 3 PM - 5 app.
Yes - 3 PM - 1 app.
Dena - 3 PM - ???
Canara - 4 PM - 1 app.
HDFC - 5 PM - 1 app.
Andhra - 3 PM - ???
Kotak - 2 PM - 1 app.
IDBI - 2 PM - 1 app.
Union - 3 PM - 5 app.
Uco - 3 PM - 5 app.
Indus.- 3 PM - 5 app.
Ashish Rateria
415. Ashish Rateria  Oct 27, 2017 14:53 I Like It. | Report Abuse
Wish to become a sub broker (which brokerage house) best for ipos n trading
people sell ipo application, so where to re-sell forward and other details. pls anyone
Hansi (Haryana)
vinay singal
415.1. vinay singal  Oct 27, 2017 15:20 I Like It. | Report Abuse
Your Messagesir what is the premium of Mahindra ipo
Eagleye
414. Eagleye  Oct 26, 2017 15:18 I Like It. | Report Abuse
Reliance Nippon IPO – *Applying*

Mahindra Logistics IPO – *Not Applying*

New India Assurance IPO – *Not Applying*

Khadim India IPO – *Applying*

HDFC Standard Life – Will decide on 1st November


That''s my position
arbandyo
414.15. arbandyo  Oct 27, 2017 09:23 I Like It. | Report Abuse
Mam any specific reason for not applying mahedra logistic. Gmp heard 90. Why this not applying?
SAM S
414.16. SAM S  Oct 27, 2017 14:44 I Like It. | Report Abuse
Thanks mam for your decision.......................keep posting..........your valuable advice
Rajkot Special
413. Rajkot Special  Oct 27, 2017 14:21 I Like It. | Report Abuse
Sheetal cool products ipo ma
SBI Bank remove lien amounts?
Kisika hold remove huva kya?
AnilM
412. AnilM  Oct 27, 2017 11:38 I Like It. | Report Abuse
What’s the current GMP on Reliance Nippon
And the current subscription level
Rajsonu
411. Rajsonu  Oct 27, 2017 11:34 I Like It. | Report Abuse
We received internal news Mahindra expected hni 175 to 225 time & Reliance Nippon m 240 to 270 time
AKMP
410. AKMP  Oct 25, 2017 21:30 I Like It. | Report Abuse
Please somebody knowledgeable throw some light.
Infosys retail buyback =1.7 crores shares
Shareholder (retail)with 2 lac value=16.9 crores shares( as per September shareholding pattern)
Acceptance ratio app=10%(when everybody tenders)

So how come many brokers are advising to buy infosys with 59% acceptance ratio in buyback.

Please someone elaborate.
AKMP
410.9. AKMP  Oct 27, 2017 07:39 I Like It. | Report Abuse
To my understanding total no of outstanding shares in particular category is important. It was 16.5 crores on 30 sept. and might have reach 17.5 to 18 crores by now due to marketing. Acceptance ratio might be less (or shocking) let''s pray and give all your shares in buyback and hope for best.
mcdaga
410.10. mcdaga  Oct 27, 2017 10:39 I Like It. | Report Abuse
AKMP (36912) your opinion seems good because infosys F&O is quoting 20/= at discount that is 950 = 930. 200/= gain on tender. that is future community is expecting 10% buyback only.My expectations are also between 10-15 % taking in account old long term investors.
OMPRAKASH KUMHAR
409. OMPRAKASH KUMHAR  Oct 27, 2017 08:35 I Like It. | Report Abuse
Nippon 72
Mahindra 90
Hdfc 18
Vipul Modi
408. Vipul Modi  Oct 27, 2017 06:36 I Like It. | Report Abuse
Dt. 27/10/2017

Co. Iss.Dt Bid Price Lot Bid Amt.

Rel 25-27 247-252 59 14,868
MLL 31-02 425-429 34 14,586
NIA 01-03 770-800 18 13,860
KDM 02-06 745-750 20 15,000
Hdfc 07-09 275-290 50 14,500
Astrn - - - -


Co. GMP Ref.Dt. List Dt. Registr

Rel 75 03-11 06-11 Karvy
MLL 6O 09-11 10-11 Link
NIA --- 10-11 13-11 Link
KDM 160 13-11 14-11 Link
Hdfc 20 15-11 17-11 Karvy
Astrn - - - Link
Re.analist
407. Re.analist  Oct 27, 2017 02:57 I Like It. | Report Abuse
Buy zuari global 186 long time target 1000 good fundamental.
1 book value jump 225 to 492
2 reserve 663 to 1400 cr .
3 investment jump 470 to 1164 cr .
4 deft free company .
Public holding aprox 12 %
*** subject to market Risk
NVB
406. NVB  Oct 27, 2017 00:24 I Like It. | Report Abuse
HDFC life
18/20
Adit Gupta
405. Adit Gupta  Oct 26, 2017 20:06 I Like It. | Report Abuse
I have purchased Mahindra in Grey Market at premium of 125. Should I continue to hold or exit the position? Pls guide as prices are continuing decreasing
MITTAL
405.1. MITTAL  Oct 26, 2017 22:57 I Like It. | Report Abuse
अच्छा होगा यदि वापस बेच दे और भविष्य मे भी खरीदे नही
Apply करें allotment आने पर बेचे सट्टा न करें,निवेश करें
यदि करना ही है तो kostak मे applicatioN बेचे
ऐसा मेरा विचार है।

Uchit Patel
404. Uchit Patel  Oct 26, 2017 16:41 I Like It. | Report Abuse
NLC OFS:

Small investors tapped in operators game. Operators took price more than 102 and succeeded to keep price more than 100 - 101 until OFS close time 2:30 PM. Many investors bought shares from open market at 100 or more. At the end after 3-00 PM operators took price to 96 -97. Closing price is 96.65.
Bestprice
404.4. Bestprice  Oct 26, 2017 21:14 I Like It. | Report Abuse
Bidding done below 95.80 will not get allotment of OFS.

I applied at 95.20 alloted nil.
Bestprice
404.5. Bestprice  Oct 26, 2017 21:17 I Like It. | Report Abuse
Stock star,
There is no chance of allotment if you bid at 95.27. allotment done above 95.80
ANKUSH
403. ANKUSH  Oct 26, 2017 18:30 I Like It. | Report Abuse
Pls anyone suggest me can i apply reliance ipo or not.pls suggest the best advice.
BHURA BHAI
403.1. BHURA BHAI  Oct 26, 2017 18:39 I Like It. | Report Abuse
yes, sure
Uchit Patel
402. Uchit Patel  Oct 26, 2017 12:58 I Like It. | Report Abuse
NLC OFS-

Be caution before buying NLC from open market today.

Today operators are playing big game in NLC OFC. This is small size ofc. They can play game easily. They take price high around 100. They are selling in intraday at high price 100 or more. Because of high price, high volume small investors are also buying from market at high price. Now after 2-30 pm as soon as OFS time is close they will take price to lower 96 and 97. Then they will buy from market and settle their intraday position. Small investors will be tapped with high price in this game.
ipo hni
402.1. ipo hni  Oct 26, 2017 13:54 I Like It. | Report Abuse
hi uchit sir, at what price should we bid to get allocation of share in nlc ofs? is it better to go with cutoff price or to bid?
Uchit Patel
402.2. Uchit Patel  Oct 26, 2017 14:10 I Like It. | Report Abuse
Retail investors are mad today. Because of high current price they will bid at high price. This ofs is god only if we get allotment at 95. Don''t apply at higher price.
Tejas kanakhara
401. Tejas kanakhara  Oct 26, 2017 15:31 I Like It. | Report Abuse
Frnds.... Sheetal cool ka allotment kab heeee
JKPILLAI
401.1. JKPILLAI  Oct 26, 2017 16:22 I Like It. | Report Abuse
Its already out this morning..
Eagleye
400. Eagleye  Oct 26, 2017 15:36 I Like It. | Report Abuse
चिट्टोरगढ़ पधारो सा ... ????????

सुन्नो सबकी, करो मन कि !!
Dhamaal
400.1. Dhamaal  Oct 26, 2017 15:46 I Like It. | Report Abuse
MAHINDRA GMP ur predictions??
Eagleye
399. Eagleye  Oct 26, 2017 14:28 I Like It. | Report Abuse
Reliance Nippon
GMP 75 - 76
Kostak 725

Mahindra Logistics
GMP 75 - 76
Kostak 400
JKPILLAI
399.1. JKPILLAI  Oct 26, 2017 14:40 I Like It. | Report Abuse
Dear. Pls. Advice GMP of Sheetal Cool Products.. and its future
Eagleye
398. Eagleye  Oct 26, 2017 14:37 I Like It. | Report Abuse
Reliance Nippon Life AMC IPO
Market Estimates of oversubscription:

Category-wise:

1X QIB = 308.45Crs – assuming applications of 10KCrs. = 32X oversubscription

1X NII = 231.34Crs – assuming applications of 60KCrs. = 230X oversubscription

1X RII = 363,051 Forms – assuming 22L forms. = 6X oversubscription (applic-wise)
i.e. average 9.75 shares per form
D I POMAL
397. D I POMAL  Oct 26, 2017 14:36 I Like It. | Report Abuse
NEW INDIA WILL DEFINATELY ROCKS MARKET
# ONLY GEN. INS. COMAPNY RATED "AAA" BY CRISIL
# 22000-/- CRORE ANNUAL PREMIUM
# ONLY INDIAN DIRECT INSURER WITH INTERNATIONAL "A" RATING
# TOTAL ASSET : 72576 CRORE
# NO. 1 IN TERMS OF PREMIUM, PROFIT & DISTRIBUTION NETWORK
# 1ST MNC OF INDIA, EVEN BEFORE INDEPENDENCE, LONDON BRANCH OPEND IN 1920
# NO. 1 IN CLAIMS SETTELMENT
JKPILLAI
396. JKPILLAI  Oct 26, 2017 14:21 I Like It. | Report Abuse
Dear Eagleye.. pls. Update the GMP Of Sheetal Cool Products SME IPO..and is it a good investment for future.. pls. Advise
Eagleye
395. Eagleye  Oct 26, 2017 12:28 I Like It. | Report Abuse
HDFC Standard Life IPO – Issue Information *(Tentative)*

Issue Opens on: 07 November 2017
Issue Closes on: 09 November 2017
Issue Type: Book Built Issue IPO
Issue Size: 29,98,27,818 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.245 – Rs.250 per Equity Share *(Assumed)*
Market Lot: 60 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 2,00,89,73,222 Equity Shares
Offer for Sale of 29,98,27,818 Equity Shares @upper price band = Rs.7495.70 Crores
Equity Shares outstanding after the Issue = 2,00,89,73,222 Equity Shares

Category-wise Break up:.
Anchor – 8,00,68,654 Shares = 2001.72Crs
QIB – 5,33,79,104 Shares = 1334.48Crs
NII – 4,00,34,328 Shares = 1000.86Crs
RII – 9,34,13,431 Shares = 2335.34Crs (Lot size: 60 = 15,56,891 Forms)
HDFC Life Empl. – 21,44,520 Shares = 53.61Crs
HDFC Empl. – 8,05,000 Shares = 20.13Crs
HDFC Shareholders – 2,99,82,781 Shares = 749.57Crs

Total Issue – 29,98,27,818 Equity Shares = 7495.70Crs.

Subscription required for 1X
RII = 15,56,891 Forms
NII = 1000.86 Crs

Interest cost @5%p.a. for 7days = 23.973paise for 1X
Eagleye
394. Eagleye  Oct 26, 2017 12:28 I Like It. | Report Abuse
HDFC Standard Life IPO – Schedule (Pg #698 of RHP)
31st Oct – Price Band to be Announced
06th Nov – Anchor List
07th Nov – Offer Opens
09th Nov – Offer Closes
14th Nov – Finalisation of Basis of Allotment
15th Nov – Unblocking of ASBA
16th Nov – Credit to Demat Accounts
17th Nov – Listing on NSE & BSE
Eagleye
393. Eagleye  Oct 26, 2017 11:37 I Like It. | Report Abuse
Khadim India IPO – Schedule (Pg #271 of RHP)

26th Oct – Price Band to be Announced
01st Nov – Anchor List
02nd Nov – Offer Opens
06th Nov – Offer Closes
10th Nov – Finalisation of Basis of Allotment
13th Nov – Unblocking of ASBA
13th Nov – Credit to Demat Accounts
14th Nov – Listing on NSE & BSE


Khadim India IPO – Issue Information (Final)

Issue Opens on: 02 November 2017
Issue Closes on: 06 November 2017
Issue Type: Book Built Issue IPO
Issue Size: 72,40,760 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.745 – Rs.750 per Equity Share
Market Lot: 20 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,72,98,531 Equity Shares
Fresh Issue of 666,666 Equity Shares @upper price band = Rs.50.00 Crores
Offer for Sale of 65,74,093 Equity Shares @upper price band = Rs.493.06 Crores
Equity Shares outstanding after the Issue = 1,79,65,197 Equity Shares

Category-wise Break up:.
Anchor – 21,72,228 Shares = 162.92Crs
QIB – 14,48,152 Shares = 108.61Crs
NII – 10,86,113 Shares = 81.46Crs
RII – 25,34,266 Shares = 190.07Crs (Lot size: 20 = 1,26,713 Forms)

Total Issue – 72,40,759 Equity Shares = 543.06Crs.

Subscription required for 1X
RII = 1,26,713 Forms
NII = 81.46 Crs

Interest cost @5%p.a. for 7days = 71.918paise for 1X


Khadim India IPO – Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.(10.79) (Page #83 of RHP)
EPS for FY15-16 >>> Rs.14.59 (Page #83 of RHP)
EPS for FY16-17 >>> Rs.17.78 (Page #83 of RHP)
EPS for Q117-18 >>> Rs.4.11 (Page #83 of RHP)

RoNW for FY14-15 >>> (14.45)% (Page #84 of RHP)
RoNW for FY15-16 >>> 16.35% (Page #84 of RHP)
RoNW for FY16-17 >>> 16.61% (Page #84 of RHP)
RoNW for Q117-18 >>> 3.70% (Page #84 of RHP)

NAV as on June 30, 2017 was Rs.111.14 (Page #85 of RHP)

Peer Group (Page #85 of DRHP): Bata India, Relaxo Footwears, Liberty Shoes
Eagleye
393.1. Eagleye  Oct 26, 2017 11:40 I Like It. | Report Abuse
Khadim India IPO
Market Estimates of oversubscription:

Category-wise:

1X QIB = 108.61Crs – assuming applications of 7KCrs. = 65X oversubscription

1X NII = 81.46Crs – assuming applications of 25KCrs. = 305X oversubscription

1X RII = 1,26,713 Forms – assuming 14L forms. = 11X oversubscription (applic-wise)
i.e. average 1.80 shares per form


Khadim India IPO

Grey should open at:
GMP 225
Kostak 400
SAJAL SHETH
393.2. SAJAL SHETH  Oct 26, 2017 12:15 I Like It. | Report Abuse
Thanks @ Eagleye (9583)
vkgupta
392. vkgupta  Oct 26, 2017 00:42 I Like It. | Report Abuse
MAHINDRA LOGISTIC IPO KOSTAK ? I TO SELL 10 APPLICATION
Eagleye
391. Eagleye  Oct 25, 2017 12:36 I Like It. | Report Abuse
Reliance Nippon
GMP 73 - 75
Kostak 800

Mahindra Logistics
GMP 94 - 96
Kostak 400
Dhamaal
391.2. Dhamaal  Oct 25, 2017 14:53 I Like It. | Report Abuse
perfect hai GMP @Eagleye(9583) and there is no surety that gmp will match with listing price it might get differ. So there is no reason to doubt eagleye. And it is stock market anything can happen so apply your own mind also.

vkgupta
391.3. vkgupta  Oct 26, 2017 00:35 I Like It. | Report Abuse
I WANT TO SELL MAHINDRA LOGISTIC APPLICATION @ 400. IF ANYONE INTERSTED , PL CONTACT AT 9999822117
Maria
390. Maria  Oct 25, 2017 22:38 I Like It. | Report Abuse
New India Assurance IPO’s price band set at Rs770-800 per share
GUPTA ANURAG
389. GUPTA ANURAG  Oct 25, 2017 20:55 I Like It. | Report Abuse
RELIANCE GMP 80
RELIANCE APP 800
Eagleye
388. Eagleye  Oct 24, 2017 15:17 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(24.00) - (23.00)

Reliance Nippon
69.00 - 70.00

Mahindra Logistics
111 - 113
IPO Jackpot
388.7. IPO Jackpot  Oct 25, 2017 18:03 I Like It. | Report Abuse
GMP given by you was 100% correct. Well done. Continue providing reliable info
Tigerrrr
388.8. Tigerrrr  Oct 25, 2017 19:26 I Like It. | Report Abuse
Ipo info... Stop doing nautanki... This is not urgent what''s app grp.. behave maturely...
IPO aspirant.
387. IPO aspirant.  Oct 25, 2017 18:53 I Like It. | Report Abuse
Hello, Anyone can help as I have planned to apply through HNI catagory, is it allowed through ASBA, is there any special rules except ceiling of rs 2lacs, how to apply HNI ASBA?? Pl comment.
Eagleye
386. Eagleye  Oct 24, 2017 10:20 I Like It. | Report Abuse
GIC IPO

I have been advised that if you can hold for long term it would be good

Coz ...

1) In 6 months time ... It will be added to Nifty

2) In 12 months time ... It will be added to F&O

Insurance sector has no representation in the Nifty and GIC’s marketcap will be second only to SBI (Main)
SAJAL SHETH
386.1. SAJAL SHETH  Oct 24, 2017 12:56 I Like It. | Report Abuse
Thanks @Eagleye (9583)
k r
386.2. k r  Oct 25, 2017 17:17 I Like It. | Report Abuse
GIC RE is a long term bet. If you can hold for 2-3 years horizon, money will multiply by 100 %.
Major holding is with institutions and public have hardly any share.
Tejas kanakhara
385. Tejas kanakhara  Oct 25, 2017 15:20 I Like It. | Report Abuse
Sheetal cool ka allotment kab heeee
Uchit Patel
384. Uchit Patel  Oct 24, 2017 18:45 I Like It. | Report Abuse
GIC:
Tomorrow on listing retail investors will make minimum 1000 profit on single lot.
It is advisable to hold for long for better returns.
I will hold my allotment for long. If you don''t want to hold for long then I advise to hold until New India listing.
MASTER BLASTER
384.3. MASTER BLASTER  Oct 25, 2017 12:08 I Like It. | Report Abuse
Mr.Uchit Patel

Any suggestion regarding NLC OFS.
Should be applied or not.

Regards
Uchit Patel
384.4. Uchit Patel  Oct 25, 2017 13:57 I Like It. | Report Abuse
I am applying NLC OFS.
RAJPUTANA
383. RAJPUTANA  Oct 25, 2017 13:30 I Like It. | Report Abuse
Subscription data of reliance Nippon
AKMP
382. AKMP  Oct 25, 2017 12:10 I Like It. | Report Abuse
Newtons third law
Lic gains in public sector bank today and loses in GIC
Policy holder gets same bonus rate every time.
Kudrat ki maaya hai sab chhal or kapat se Bhara hai
MyIPOIdeas
382.1. MyIPOIdeas  Oct 25, 2017 12:19 I Like It. | Report Abuse
well said
sansansuh
381. sansansuh  Oct 25, 2017 12:01 I Like It. | Report Abuse
One lady from the management side was congratulating to other members of GIC at the time of opening of GIC on CNBC (Opening Bell of GIC) . Actually she was saying "LOOT LIYA INVESTER KO".
AKMP
380. AKMP  Oct 23, 2017 19:55 I Like It. | Report Abuse
Very strange phenomenon is happening in SME Segment.
One SME us buying and selling shares of another SME.
Eg. AIRAN Is buying and selling reliable data
Reliable data is buying and selling MILTON
Umiya tubes buying Milton
( All from bulk deal data)
People are buying and selling at same price??????
Is something wrong and fishy?
Inviting expert comments.
Bull market in danger????
AKMP
380.2. AKMP  Oct 25, 2017 11:38 I Like It. | Report Abuse
First mover?
No listed peers?
Scarcity premium??
underpenetraton??
Sab investor ko lootne ke liye skeikhchalli ke sapne hai
Bus loot lo

AKMP
380.3. AKMP  Oct 25, 2017 11:42 I Like It. | Report Abuse
Aur lootne ke liye IPO aa rahe hai
Sambhalna
deepak bafna
379. deepak bafna  Oct 25, 2017 11:28 I Like It. | Report Abuse
Loot Liya gic
NISHA GARG
378. NISHA GARG  Oct 25, 2017 11:26 I Like It. | Report Abuse
Dear eagleye

Plz advice me pnb housing sold ya hold, i have purchase 60 share 1450.

thanks & regards
NISHA GARG
377. NISHA GARG  Oct 25, 2017 11:19 I Like It. | Report Abuse
Dear Eagleye

Plz advice me pnb hoursing finance hold yaa sold. I have purchase 60 share 1450

thanks & regards

Eagleye
376. Eagleye  Oct 25, 2017 00:12 I Like It. | Report Abuse
SGX Nifty

October Series - 10,298
November Series - 10,344
Bestprice
376.2. Bestprice  Oct 25, 2017 09:59 I Like It. | Report Abuse
Because she become eid ka chand without any information
IPO INFORMAR
376.3. IPO INFORMAR  Oct 25, 2017 10:07 I Like It. | Report Abuse
It is really sad that when eagleye is posting regular updates which are relevant, important and informative to all of us, some people are pointing finger at her/him. we all look forward to eagleye and deserves due respect for keeping the forum updated.
Eagleye
375. Eagleye  Oct 24, 2017 23:57 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(16) - (15)

Reliance Nippon
77 - 78

Mahindra Logistics
98 - 99
ITL
374. ITL  Oct 24, 2017 20:59 I Like It. | Report Abuse
eagleye plz advice i have SBI Life/IEX and GIC all are discounted price shall i hold or sell
Eagleye
373. Eagleye  Oct 24, 2017 17:57 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(24.00) - (23.00)

Reliance Nippon
70.00 - 71.00

Mahindra Logistics
108 - 111
IPO GRUP
372. IPO GRUP  Oct 24, 2017 00:29 I Like It. | Report Abuse
53.3 vale queri puch puch ke thak gaya ke cut off OR bid price me keya farak hota hy ???? lekin koi Expert ne nahi bataya is forum me ~ mince keya hy koi Expert
R P GOYAL
372.1. R P GOYAL  Oct 24, 2017 08:49 I Like It. | Report Abuse
1. Cut off price is that price at which company will finally issue the shares taking in consideration subscription times and bidding by investors between the minimum and maximum price band.
2. bid price is the price you may fill between minimum and maximum price band. You can bid in Reliance Nippon at 245, 246,247,248,249,250,251,252. if your bid is less than the cut off price, your application will not be eligible for allotment or will be rejected. If your bid is at cut off price fixed by the company or above cut off price (cut off price between minimum and maximum price band) you will be allotted at cut off price.
3. do not apply your mind any more and apply at cut off price only.
Starbull
372.2. Starbull  Oct 24, 2017 15:21 I Like It. | Report Abuse
U can apply for IPO at any price between price band fixed for IPO this is called as bid price. The cut off price is fixed by the company after closing of the IPO depending upon the applications received and price at which shares applied. If u have applied at cut off price u will be considered for allotment but if u have made a bid which is below cutoff price your application will not be considered for allotment
RK Chandigarh
371. RK Chandigarh  Oct 24, 2017 14:29 I Like It. | Report Abuse
⚡ *Upcoming IPOs*

????Reliance Nippon AMC- 25th Oct

????Khadim Shoes - 30th Oct

????Mahindra logistics - 31st Oct

????New India Assurance - 2nd Nov

???? HDFC Life - 6th Nov
RK Chandigarh
370. RK Chandigarh  Oct 24, 2017 14:28 I Like It. | Report Abuse
⚡ *Upcoming IPOs*

????Reliance Nippon AMC- 25th Oct

????Khadim Shoes - 30th Oct

????Mahindra logistics - 31st Oct

????New India Assurance - 2nd Nov

???? HDFC Life - 6th Nov
Eagleye
369. Eagleye  Oct 24, 2017 11:40 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(25.00) - (24.00)

Reliance Nippon
68.50 - 69.50

Mahindra Logistics
110 - 112
SAJAL SHETH
369.1. SAJAL SHETH  Oct 24, 2017 12:57 I Like It. | Report Abuse
Thanks @Eagleye (9583)
stock.star
369.2. stock.star  Oct 24, 2017 14:00 I Like It. | Report Abuse
Thanks for the update !
Eagleye
368. Eagleye  Oct 24, 2017 11:02 I Like It. | Report Abuse
Reliance AMC IPO by StallionAsset.com


Stallion Assets View – We Strongly believe that Markets are underestimating the financialization of savings as a theme, the total Profit pool of top 5 Asset management companies (57% Market Share) in India is just 1800 Crores in FY2017. The Profit Pool is so small that one midsized popular hedge fund Pershing Square made more Profit than the Entire Indian Asset Management Industry, We at Stallion Asset have absolutely no doubt that the Profit Pool will grow multi fold in next 5-10 years and there will be massive wealth Created in this space.
These are the 7 Main Factors you need to know about Reliance Nippon Life Asset Management Company.

Factor #1 – Opportunity Size – The Below Land & Gold) Grew 1% CAGR,whereas Financial Assets at 14%CAGR.

The Savings in Mutual Fund as a percentage of overall Savings in India was at 3% in FY2016, this is Exactly the same place where it was in USA in 1980, this moved to 18-19% by 1998 in USA. Since there is consensus that Gold and Real Estate wont move a lot for next 4-5 years, a similar move is expected in India. If this happens in India, it can be the trillion dollar Opportunity in Asset Management Companies.

In 1979 the total AUM with Mutual Funds in America was just 94 Billion $, in the next 20 years by the end of 1999 the Asset under management grew to 6,846 Billion$, i.e. it grew at 24% CAGR. In the Year 1980, only 4.6% USA Citizens owned mutual fund, which is the similar Rate of that in India today, whereas in the next 20 years in USA this number shot up to 48.6%. This was also the Period where Legends like Peter Lynch, Paul Tudor Jones, George Sorus, Warren Buffet were created, we expect a repeat of the same in the Indian Market.

Factor #2 -Understanding the Mutual Fund Business – The Top 5 AMC’s in India have 57% Market shares and top 10 Mutual Funds have 80% Market Share, the competition is fierce among the Top 5 with broadly the same market Share.
Mutual Fund AUM is the worse metric to look at and judge a company because there is huge variation in fees structure across products.. In FY2017, The Fees Reliance AMC got for Equity Funds was 1.35% of AUM, in debt 0.48% of AUM, but just 0.09% in Liquid Fund and 0.95% in Gold. The obvious thing is that more the Equity Portion in the AUM, Higher the fees they Make. HDFC has the highest Revenue as % of AUM at 0.68% as 44.7% of its AUM is Equity Mutual Funds whereas SBI has the lowest Revenue as % of AUM at 0.47% as it has only 31% in Equity Mutual Funds. Reliance AMC has lower AUM in Equity compared to SBI MF at only 28% of its total AUM but still has a good Revenue % of AUM at 0.62% as its fees are higher compared to peers.

Factor #3- Growth – The AUM of Mutual funds has grown from 8.96 Lakh Crores in FY2014 to 18.58 Lakh Crore in FY2017, a growth of 27%, but the Interesting thing is that the high margin Equity AUM has grown from 1.98 Lakh Crore in FY2014 to 6.09 Lakh Crores in FY2017, showing a mindblowing CAGR growth of 45% in last 3 years. As Retail Investors invest in Equity Again since FY2014, Birla Sunlife AMC grew its Equity portfolio the fastest at 63%, whereas Reliance AMC underperformed the market with lowest growth of 34%. It is important to note that within the Top 5 AMC’s of India ICICI AMC has gained the highest share in the recent run and its Equity AUM Grew at 60%. HDFC on the other hand underperformed as well with last 3 year CAGR of only 34% and might lose its position of the largest Equity AMC Company to ICICI AMC in FY2018.

Factor #4- Persistency Ratio – You might be thinking why are we using Persistency ratio in a AMC Company which is commonly used in Insurance companies right? You will be Surprised to know that In FY2017, 43% of Equity Mutual Fund Investors booked out of their fund within a year, 62% Investors sold out within 2 Years. We at Stallion Asset believe that the overall long term trend of the Industry is positive, but there will be huge cyclical Upturns and Downturns in between. Low Yield of other asset classes like Real Estate, Gold and Fixed Deposit will keep getting new Investors in Equity Market, but as soon as Inflation rises above 7% in India, there will be a shift of Asset class preference.

Factor #5- Return on Equity – When i read the Prospectus of Reliance AMC for the First time, i was hurt to see that this AMC’s is generating just so much less ROE in a Super upcycle. Asset Management is a business which needs very less capital and should have very High ROE. In FY 2017 Reliance AMC had a Return of Equity of just 21%, whereas ICICI AMC Was the Leader in the Pack with 65% ROE. ICICI AMC was the one to grow its Equity AUM the fastest at 60% CAGR in last 3 years, whereas Reliance AMC was the slowest Equity AUM Gainer with 33% CAGR hence the return ratio’s are poor. The Largest Equity AUM was with HDFC AMC and it had an ROE of 39% in FY2017.

Factor #6-Valuation –Reliance AMC IPO is coming at a Market Cap of 15,400 Crore or a PE Multiple of 38 or 7.3% of FY2017 AUM. Nippon Life had last Increased stake in Reliance AMC in 2015 at a valuation of 8,500 Crores or 5.66% of AUM. In Last 5 years, there has been a lot of consolidation in the Mutual fund space and most foreign players have exited to Indian players getting Valued at 1.5-6% as a % of AUM . We at Stallion Asset have absolutely no Doubt that the Profit Pool in AMC’s will grow 5-10x in next 10 years as financialization of savings theme gains momentum.


Conclusion – The bet here is on the Opportunity size though Reliance Asset management has probably the worse matrix in the top 5 asset management companies. The IPO is a Bull Market IPO and definitely not cheap but there is huge longevity of Growth in AMC companies. We believe Reliance AMC since its the First AMC to be listed will get scarcity premium but as and when more AMC’s get listed the scarcity premium will vanish. Reliance AMC is what it is today due to 2 main Inspirational gentlemen 1) Mr Sunil Singhania 2) Madhu Kela, though both have left the company in last 6 months. We believe ICICI is the best managed AMC whereas Reliance and Birla AMC is the Bottom Pyramid within the top 5. There is no Doubt the business of AMC is great and Huge Operating leverage in it, the wind is blowing in favor of Asset Management companies and Reliance AMC will ride the wave in this bull Market.

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SAJAL SHETH
368.1. SAJAL SHETH  Oct 24, 2017 12:57 I Like It. | Report Abuse
Thanks @Eagleye (9583)
Eagleye
367. Eagleye  Oct 24, 2017 10:20 I Like It. | Report Abuse
General Insurance Corporation IPO opens: Here are 10 things you should know

http://www.moneycontrol.com/news/business/ipo-business/general-insurance-corporation-ipo-to-open-on-wednesday-here-are-10-things-you-should-know-2409577.html




GIC Re to be listed on NSE on 25 October -

http://www.livemint.com/Money/R7aeMGaRu5w16SEOqgPhUP/GIC-Re-to-be-listed-on-NSE-on-25-October.html
Eagleye
366. Eagleye  Oct 22, 2017 23:26 I Like It. | Report Abuse
The savings in Mutual Fund in India was at 3% in FY2016, this is exactly the same place where it was in USA in 1980, this moved to 18-19% by 1998. Since there is consensus that Gold and Real Estate won’t move a lot for next 4-5 years, a similar move is expected in India. If this happens in India, it can be the Trillion-Dollar opportunity in Asset Management Companies. In 1979 the asset base with Mutual Funds was just $94Billion, in the next 20 years but the end of 1999 the Asset under management was $6846Billion, i.e. it grew at 24%. In the Year 1980, only 4.6% USA Citizens owned mutual similar rate of that in India today, whereas in the next 20 years i.e. by 2000 this number shot up to 48.6%. This was also the Period where legends like Peter Lynch, Paul Tudor Jones, George Soros, Warren Buffet were created, expect a repeat of the same in the Indian Market.

First AMC issue opens Tomorrow
Knowledge Share
366.3. Knowledge Share  Oct 23, 2017 20:01 I Like It. | Report Abuse
See reply 869.2

I am alone not saying.

So
Sell at Kostak or sell subject to or sell on listing. But apply on last day after HNI FII subscription data is available
Nk Gupta
366.4. Nk Gupta  Oct 24, 2017 00:41 I Like It. | Report Abuse
The track record of the Anil Dhirubhai group is worst.
Eagleye
365. Eagleye  Oct 23, 2017 23:54 I Like It. | Report Abuse
GMP last heard:

GIC (Discount)
(25.00) - (23.00)

Reliance Nippon
68.50 - 69.50

Mahindra Logistics
112 - 114
Mathews
364. Mathews  Oct 23, 2017 22:09 I Like It. | Report Abuse
Stock market returns are not linear in nature. India Inc''s market capitalization may move ahead from 2 trillion to 4 trillion and so on and so forth in the coming decades. But whether you get desired the return on your investment when you needed them the most? Who else needs money when they don''t have any meaning to them??
Can u read the disruptions occurred in the market place during IEX and GIC IPO''s. Is this the warning signals for the layman investors?? A lot has to be inquired into the way these two IPO''s were rolled out. Disgusting.







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