Indian Equity Research and Investment Strategy
India IPO Reviews and Updates
Bajaj Finserv is doing a rights issue priced at Rs650 /share which would translate into Rs9.4bn. The company would be issuing 1 share for every 10 shares. According to the management the proceeds would be utilized for Bajaj Finance’s capital requirements. The record date has been fixed to 8th September 2010.
Bajaj FinServ’s life insurance business has posted APE growth of 30% in 1Q vs the industry’s flat growth, mainly driven by distribution channels and an exceptional (more…)
Samvardhana Motherson Finance Ltd – SMFL is open for Subscription from Today until May-4th. WE are AVOIDING the IPO even though their is a Grey Market Price of Rs 2400 for a Rs 2 Lakh Application. Here are the various Views of Research Analysts who have studied the IPO.
At the lower end of the band, on a trailing basis, without considering the impact of the upcoming dilution, (more…)
Multi Commodity Exchange (MCX), is the largest commodity exchange in India with 80% market share and 5th largest commodities exchange in the world is offering shares for sale by existing investors to comply with the regulatory requirements.
MCX Core Business – MCX offers trading in 49 commodity futures including bullion, ferrous and non-ferrous (more…)
One of our associates was doing a research on the cost of raising funds in India as an established Business [not startup ]. Here is how the Book Running Lead managers break up their schedule of charges for taking your company public from drafting, filing of REd Herring Prospectus to Listing with NSE / BSE.
Rs 10 Lakh on the date when you assign the contract to the (more…)
Looks like the Union Government is out of its senses when dis-investing the shares of PTC Financial Services at a valuation higher than HDFC (India’s Most Trusted & Ethical Brand).We do not even want to analyze the offer as the Valuation, the first parameter itself failed miserably in our analysis.
Valuations: PTC Financial services offer is (more…)
Lovable Lingerie Ltd (LLL) is one of India’s leading women’s innerwear manufacturers with flagship brands “Lovable” and “Daisy Dee”. “Lovable” is a premium women’s innerwear brand while “Daisy Dee” is a mid segment market brand. Lovable is amongst the top three most preferred brand in women’s innerwear in India.
LLL’s products are retailed through 103 distributors which are segmented geographically and also on the basis of the product range in (more…)