IPO Grey Market Premium in India (IPO GMP Page - 1)

Snap Sunggaya

Itna sannata kyu hai bhai.

IPO bazar man kya ha

khamoshi sannata

Any update on awash listing bid
And assumption of listing price

Subham IPO applay. Or not. Ane gros market premium@

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 28th September 2018)


A) DRHP Filed - SEBI Approval *Awaited*:


1) Stove Kraft >>> DRHP date 28-Sep-18
2) Neccon Power & Infra >>> DRHP date 28-Sep-18
3) Metropolis Healthcare >>> DRHP date 28-Sep-18
4) Narmada Biochem >>> DRHP date 26-Sep-18
5) Zircon Technologies >>> DRHP date 24-Sep-18
6) Anand Rathi Wealth Services >>> DRHP date 24-Sep-18
7) T & T Infra >>> DRHP date 24-Sep-18
8) Flair Writing Industries >>> DRHP date 24-Sep-18
9) Inventia Healthcare >>> DRHP date 21-Sep-18
10) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
11) Angel Broking >>> DRHP date 05-Sep-18
12) Xelpmoc Design and Tech >>> DRHP date 28-Aug-18
13) Studds Accessories >>> DRHP date 27-Aug-18
14) Senco Gold >>> DRHP date 21-Aug-18
15) AGS Transact Technologies >>> DRHP date 21-Aug-18
16) Harsha Engineers >>> DRHP date 21-Aug-18
17) Mrs Bectors Food Specialities >>> DRHP date 13-Aug-18
18) Nihilent >>> DRHP date 10-Aug-18
19) Sansera Engineering >>> DRHP date 10-Aug-18
20) Dodla Dairy >>> DRHP date 09-Aug-18
21) ASK Investment Managers >>> DRHP date 07-Aug-18
22) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
23) Muthoot Microfin >>> DRHP date 27-Jul-18
24) PNB Metlife India Insurance Co. >>> DRHP date 27-Jul-18
25) Affle India >>> DRHP date 16-Jul-18
26) Chalet Hotels >>> DRHP date 02-Jul-18
27) Bharat Hotels >>> DRHP date 29-Jun-18
28) Puranik Builders >>> DRHP date 27-Jun-18
29) Spandana Spoorthy Financial >>> DRHP date 26-Jun-18
30) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17


B) SEBI Approval *Received* *(within the past 4 months)*:

1) Aakash Educational Services >>> SEBI Approval 28-Sep-18
2) Ami Organics >>> SEBI Approval 28-Sep-18
3) Century Metal Recycling>>> SEBI Approval 27-Sep-18
4) Anmol Industries >>> SEBI Approval 21-Sep-18
5) Indiamart Intermesh >>> SEBI Approval 14-Sep-18
6) Avana Logistek >>> SEBI Approval 14-Sep-18
7) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
8) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
9) Penver Products >>> SEBI Approval 05-Sep-18
10) Vectus Industries >>> SEBI Approval 31-Aug-18
11) Milltec Machinery >>> SEBI Approval 30-Aug-18
12) Craftsman Automation >>> SEBI Approval 24-Aug-18
13) Route Mobile >>> SEBI Approval 16-Aug-18
14) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
15) SembCorp Energy India >>> SEBI Approval 01-Aug-18
16) Montecarlo >>> SEBI Approval 31-Jul-18
17) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
18) ReNew Power >>> SEBI Approval 18-Jul-18
19) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
20) G R Infraprojects >>> SEBI Approval 11-Jul-18
21) K P R Agrochem >>> SEBI Approval 10-Jul-18
22) Lodha Developers >>> SEBI Approval 06-Jul-18
23) Shakun Polymers >>> SEBI Approval 05-Jul-18
24) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
25) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
26) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
27) Sandhya Marines >>> SEBI Approval 12-Jun-18


C) SEBI Approval *Received* *(>4 months ago)*:

28) Genius Consultants >>> SEBI Approval 04-Jun-18
29) Rail Vikas Nigam >>> SEBI Approval 17-May-18
30) Devi Seafoods >>> SEBI Approval 11-May-18
31) John Energy >>> SEBI Approval 27-Apr-18
32) Nazara Technologies >>> SEBI Approval 20-Apr-18
33) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
34) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
35) Patel Infrastructure >>> SEBI Approval 05-Mar-18
36) Indian Renewable Energy >>> SEBI Approval 16-Feb-18
37) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
38) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
39) CMS Info Systems >>> SEBI Approval 30-Nov-17
40) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
41) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
42) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
43) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17

Ircon ma kiya kra

I got 1 lot out of 6

zero milta to acha hota.

Aaga konsaipoha

GARDEN REACH IPO EXTENDED TILL 1ST OCTOBER.
NEW PRICE BAND 114-118

IRCON allotment aa gaya

Will Anybody tell what adverse news is with Varrock Engineer. It is down approx 20%.

Holding 4 lots since allotment.

IRCON KIYA HUA NO NEWS.....

Garden Reach may be successful completed with as usual help of LIC, but Tera kya hoga Aavas....

Avas was already avoidable due to greedy pricing now it will be impacted very badly as all HFC lost their credit worthiness yesterday.
*What happened in the financial debt market leading to a huge sell-off and panic in the Stock Market yesterday?*

A debt fund of DSP Mutual Fund named DSP CREDIT RISK FUND was holding IL&FS commercial Paper (CP).
This paper were rated AAA.
But last week IL&FS made an interest default hence its rating went down to D.

Redemption pressure came to this fund.

Hence DSP MF sold AAA rated 9.1% paper of DHFL as they needed big fund and hence this quality paper was sold at a steep discount to meet the redemptions.

Fine...this was debt market operations
but its repercussion were seen in DHFL stock... thinking its paper was sold at steep discount... hence company must be in some trouble.

This led to fear of all NBFCs specially HFC's will have big problem and it triggered sell off in all the NBFCs.

Then followed by banks and YES Bank was already in bad news.

Leading to overall sell-off and volatility.

*Now Post this NBFC Sell Off What is expected ahead ?*

(1) Due to the redemption pressure on DSP Blackrock MF, the fund house had to sell DHFL Bonds at net yield of 11% whereas as per Issue DHFL had yield of 9.1%. This means the Bond was sold at 18% steep discount (Rs.100 bond sold at Rs. 82). After this so many clarifications are coming up by DHFL that it was a secondary market deal wherein they have nothing to do.

(2) Why did DSP Sell?
Ans : Because DSP faced redemption pressure from the Corporate clients holding Funds that have exposure to IL&FS due to downgrade of rating to D from AAA.
This redemption pressure would have resulted in default by DSP and hence they had 2 options :
(a) Either sell GSec
or
(b) Sell DHFL Bonds as investment at a loss.
Now Gsec is already in loss due to Bond yield having risen hence logically if the loss is same it's better to sell Corporate Bonds.

(3) Now hereafter other AMCs having exposure of Rs.2800 crores to IL&FS bonds would get redemption pressure from Corporate clients who have invested in this Rs 16 trillion Debt MF industry. Assuming the avg exposure to IL&FS Bonds as 3% of Gross portfolio this means the value of AUM in such affected funds is Rs. 94,000 Crores. Assuming 25% of such investments are by Corporate Client who do not wish to hold D grade funds the redemption pressure would be a whooping Rs. 23000-24000 Crores.

(4) It's impossible for such schemes to get this amount in a week. Further, illiquid Corporate debt market and DHFL saga results in the fact that AMCs have no option but to sell GSec. Hence, GSec will face a huge selling pressure so either Bond Yield will shoot up to 8.30-8.50% levels or the RBI has to do OMO (Open Market Operations).

(5) If RBI Opts for OMO then the governments spending capacity will reduce by an equal amount and given that elections are around the corner it is impossible for Govt to allow Rs. 24000 Crores out of the system.

(6) The government has only 1 solution: It will have to tell LIC to save IL&FS by ensuring no further defaults specially to Banks and Mutual Funds till elections in order to avoid a financial system crash that will involve a lot of banks, nbfc and Mutual Funds.

(7) At the end of the day public money will be used by LIC to save IL&FS and prevent further defaults.
This will relax the Corporate bond market and stock markets from further panic!

Good article thanks but in your point of view dhfl will default in near future because I have huge investment in dhfl ncd which mature in 2021 your reply is awaited

Nice,very good analysis. Thank you.

Can I stop payment to online applied IPO IRCON

No.

In online application amount blocked instantly at the time of submission to exchange by bank.
You may try to withdraw or move fund but that may not be possible.

In offline application bank block amount when it is presented to them, thus it has 2-3 days margin after closure of issue, if no sufficient balance bank rejects the application.

Aavas - It may be biggest fail IPO, due to many reasons like Market condition, very very aggressive price, like fool to public, My Dear RIIs - Dont put your hard money to this IPO...

Expected GMP for IRCON?

Parin Furniture has grown from small company to a Brand, They are now expanding and there is lot of scope for them, to grow. People prefer to touch and feel and see the furniture before they buy and they have a brand trust towards Parin's quality, With Diwali around the corner sales will further jump, good to buy for short and long term, They have a market reputation, and the price is extremely reasonable, must buy, I am buying it, I did the mistake of too much thinking and didn't apply the ipo of Dangee dums, and it was my blunder mistake, lost by not taking the ipo, ...So its one of the best SME ipo, i have visited their stores, they are excellent, so I would do this ipo. Thanks friends

Avas - asking 56 PE, is anything left for listing gain ?..Is it a joke...i think not worthy bat ...

SEEMS TO BE EXTREMELY EXPENSIVE. BETTER AVOID.

KINDLY KNOW IRCON LATEST GMP PREMIUM ?????

IRCON:

Apply. Price is reasonable. Allotment is tough.

Sir, your 2nd point that "allotment is tough" is now visible, approximately 10 times and hope that 1st point shall also be proved correct and if reasonably priced, gain must be available.

GARDEN REACH SHIP IPO:

Another Defense contractor. Thousand of crores of order book. Past performance of defense contractors are not up to the mark i.e. Cochin Shipyard, HAL, BDL.

I am avoiding this IPO.

Eagleye madam
PL post your investment advices about current IPOs instead of posting long lists of forthcoming IPOs.
Your valuable advices will help to take proper decision to fill or not fill an IPO.
HUMBLY REQUESTED

Avas 170-172

Dinesh Engineers Limited - Mainline IPO - LM Hem Securities Limited - Opens on 28 September. Closes on 03 October.

Parin Furniture Limited - NSE SME IPO - LM Hem Securities - Opens on 26 September. Closes on 28 September.

Plz update subscription figure of ircon...

Where can I buy or sell shares in grey market? Any contact detail please?

City ?

Ahmedabad

Aavas Financiers Limited IPO - Opens on 25 September. Closes on 27 September. Price Band - Rs 818 to Rs 821. Issue Size - Rs 1734.07 crores. Retail Size - 410,695 lots.

GMP Of Ircon and Garden shipping ?

Ircon 32-34
Garden- no rate

Avaas financiers ltd grey market price?

Aavas Financiers Limited IPO - Opens on 25 September. Closes on 27 September. Issue Size - Rs. 400 crores + 1,62,49,359 shares.

What is the GMP of Ranjeet mechatronics?
And where can we see the updates about GMP?

Garden Reach Shipbuilders & Engineers Limited IPO - Opens on 24 September. Closes on 26 September. Issue Size - Rs. 339.39 crores. Retail Size - 83,527 RII lots.

u are brilliant

IRCON application form Fixe rate 350/- and primium 98 / 102

Garden Reach Shipbuilders & Engineers Limited IPO - As per DRHP, there is a retail discount & employee discount - Please wait for the RHP & price band.

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 07th September 2018)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Angel Broking >>> DRHP date 05-Sep-18
2) Xelpmoc Design and Tech >>> DRHP date 28-Aug-18
3) Studds Accessories >>> DRHP date 27-Aug-18
4) Senco Gold >>> DRHP date 21-Aug-18
5) AGS Transact Technologies >>> DRHP date 21-Aug-18
6) Harsha Engineers >>> DRHP date 21-Aug-18
7) Mrs Bectors Food Specialities >>> DRHP date 13-Aug-18
8) Nihilent >>> DRHP date 10-Aug-18
9) Sansera Engineering >>> DRHP date 10-Aug-18
10) Dodla Dairy >>> DRHP date 09-Aug-18
11) ASK Investment Managers >>> DRHP date 07-Aug-18
12) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
13) Muthoot Microfin >>> DRHP date 27-Jul-18
14) PNB Metlife India Insurance Co. >>> DRHP date 27-Jul-18
15) Aakash Educational Services >>> DRHP date 19-Jul-18
16) Affle India >>> DRHP date 16-Jul-18
17) Ami Organics >>> DRHP date 11-Jul-18
18) Chalet Hotels >>> DRHP date 02-Jul-18
19) Indiamart Intermesh >>> DRHP date 29-Jun-18
20) Bharat Hotels >>> DRHP date 29-Jun-18
21) Puranik Builders >>> DRHP date 27-Jun-18
22) Spandana Spoorthy Financial >>> DRHP date 26-Jun-18
23) Anmol Industries >>> DRHP date 20-Jun-18
24) Avana Logistek >>> DRHP date 15-Jun-18
25) Century Metal Recycling >>> DRHP date 11-Jun-18
26) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17

B) SEBI Approval *Received* *(within the past 4 months)*:

1) Aavas Financiers >>> SEBI Approval 07-Sep-18
2) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
3) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
4) Penver Products >>> SEBI Approval 05-Sep-18
5) Vectus Industries >>> SEBI Approval 31-Aug-18
6) Milltec Machinery >>> SEBI Approval 30-Aug-18
7) Craftsman Automation >>> SEBI Approval 24-Aug-18
8) Route Mobile >>> SEBI Approval 16-Aug-18
9) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
10) SembCorp Energy India >>> SEBI Approval 01-Aug-18
11) Montecarlo >>> SEBI Approval 31-Jul-18
12) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
13) ReNew Power >>> SEBI Approval 18-Jul-18
14) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
15) G R Infraprojects >>> SEBI Approval 11-Jul-18
16) K P R Agrochem >>> SEBI Approval 10-Jul-18
17) Lodha Developers >>> SEBI Approval 06-Jul-18
18) Dinesh Engineers >>> SEBI Approval 06-Jul-18
19) Shakun Polymers >>> SEBI Approval 05-Jul-18
20) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
21) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
22) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
23) Sandhya Marines >>> SEBI Approval 12-Jun-18
24) Genius Consultants >>> SEBI Approval 04-Jun-18


C) SEBI Approval *Received* *(>4 months ago)*:

25) Garden Reach Shipbuilders & Engineers >>> SEBI Approval 22-May-18
26) Rail Vikas Nigam >>> SEBI Approval 17-May-18
27) Devi Seafoods >>> SEBI Approval 11-May-18
28) John Energy >>> SEBI Approval 27-Apr-18
29) Nazara Technologies >>> SEBI Approval 20-Apr-18
30) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
31) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
32) Patel Infrastructure >>> SEBI Approval 05-Mar-18
33) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
34) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
35) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
36) CMS Info Systems >>> SEBI Approval 30-Nov-17
37) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
38) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
39) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
40) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17

IRCON IPO - Schedule (Pg #780 of RHP)

07th Sept - Price Band to be Announced
14th Sept - Anchor List
17th Sept - Offer Opens
19th Sept - Offer Closes
25th Sept - Finalisation of Basis of Allotment
26th Sept - Unblocking of ASBA
26th Sept - Credit to Demat Accounts
28th Sept - Listing on NSE & BSE


IRCON IPO - Issue Information *(FINAL)*

Issue Opens on: 17 Sept 2018
Issue Closes on: 19 Sept 2018
Issue Type: Book Built Issue IPO
Issue Size: 99,05,157 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.470 - Rs.475 per Equity Share ( Less: Rs.10 for RII & Emp)
Market Lot: 30 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 9,40,51,574 Equity Shares
Offer for Sale of 99,05,157 Equity Shares @475 = Rs.466.70 Crores
Equity Shares outstanding after the Issue = 9,40,51,574 Equity Shares

Category-wise Break up:
Anchor - 0 Shares = 0Crs
QIB - 47,02,578 Shares = 223.37Crs
NII - 14,10,774 Shares = 67.01Crs
RII - 32,91,805 Shares = 153.07Crs (Lot size: 30 = 1,09,727 Forms)
Emp - 5,00,000 Shares = 23.25Crs
Total Issue - 99,05,157 Equity Shares = 466.70Crs.

Subscription required for 1X
RII = 109.727 Forms
NII = 67.01 Crs

Interest cost @5%p.a. for 7days = 45.548paise for 1X


IRCON IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.284.42 (Page #114 of DRHP)
EPS for FY15-16 >>> Rs.39.72 (Page #118 of RHP)
EPS for FY16-17 >>> Rs.38.79 (Page #118 of RHP)
EPS for 9M17-18 >>> Rs.18.98 (Page #114 of DRHP)
EPS for FY17-18 >>> Rs.42.13 (Page #118 of RHP)

RoNW for FY14-15 >>> 16.33% (Page #115 of DRHP)
RoNW for FY15-16 >>> 10.79% (Page #119 of RHP)
RoNW for FY16-17 >>> 10.07% (Page #119 of RHP)
RoNW for 9M17-18 >>> 05.09% (Page #116 of DRHP)
RoNW for FY17-18 >>> 10.98% (Page #119 of RHP)

NAV as on March 31, 2017 was Rs.385.08 (Page #116 of DRHP)
NAV as on December 31, 2017 was Rs.392.09 (Page #116 of DRHP)
NAV as on March 31, 2018 was Rs.398.51 (Page #120 of RHP)

Listed Industry Peer Group (Page #120 of RHP): NONE

What is the GMP ?

IRCON IPO - *Market Estimates of oversubscription*:

RII = 12L Forms = 10.94X Applic. wise (Avg allotment of ~2.75 shares per lot)
NII = 13K Crs. = ~194X

Interest cost @5%p.a. for 7days = 45.548paise for 1X

Thus, for NII the costing = 194 X 45.55 paise = Rs. ~90/- per share (GMP)

And, for RII the costing = (90+10) X 2.75 = Rs. ~275/- (Kostak)

Ircon International:

Listing gain is possible because asking price is attractive. Government set IPO price very reasonable same as RITES IPO.

On listing or near term after listing it should trade at P/E of 14-15. Trading price should be 550 - 600.

One should not forget that this is government company and listing should not be like HDFC.

IRCON International IPO:

Everything - fundamentals, financial, order book good but small size IPO.

Asking price is reasonable. Listing gain is sure and long term is also good.

After huge success of RITES it will oversubscribe in Retail also. I am expecting more than 12 times in Retail.
Very tough allotment.

I believe waste of time for Retail investors.

hi all ! any grey market price for IRCON please ?

IRCON 42

IRCON IPO - Schedule (Pg #780 of RHP)

07th Sept - Price Band to be Announced
14th Sept - Anchor List
17th Sept - Offer Opens
19th Sept - Offer Closes
25th Sept - Finalisation of Basis of Allotment
26th Sept - Unblocking of ASBA
26th Sept - Credit to Demat Accounts
28th Sept - Listing on NSE & BSE

IRCON IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.284.42 (Page #114 of DRHP)
EPS for FY15-16 >>> Rs.39.72 (Page #118 of RHP)
EPS for FY16-17 >>> Rs.38.79 (Page #118 of RHP)
EPS for 9M17-18 >>> Rs.18.98 (Page #114 of DRHP)
EPS for FY17-18 >>> Rs.42.13 (Page #118 of RHP)

RoNW for FY14-15 >>> 16.33% (Page #115 of DRHP)
RoNW for FY15-16 >>> 10.79% (Page #119 of RHP)
RoNW for FY16-17 >>> 10.07% (Page #119 of RHP)
RoNW for 9M17-18 >>> 05.09% (Page #116 of DRHP)
RoNW for FY17-18 >>> 10.98% (Page #119 of RHP)

NAV as on March 31, 2017 was Rs.385.08 (Page #116 of DRHP)
NAV as on December 31, 2017 was Rs.392.09 (Page #116 of DRHP)
NAV as on March 31, 2018 was Rs.398.51 (Page #120 of RHP)

Listed Industry Peer Group (Page #120 of RHP): NONE

One point one Solution buy now results ahed 70 coming .......

IRCON International - On 26 December 2017, there was a buyback at the rate of ?386.72

Ircon International - As per RHP, there is Employee Discount of upto 5% and a yet-to-be-announced Retail Discount - Please wait for the price band before selling applications.

IRCON International IPO - Opens on 17 September. Closes on 19 September. Size - 99,05,157 shares.

DRHPs of Milltec Machinery Limited & Vectus Industries Limited have been cleared by SEBI on 30 August & 31 August respectively.