Category - IPO/FPO Analysis

Analyst Corner IPO/FPO Analysis

Lemon Tree Hotels: Decent Company, stretched valuations.

Lemon Tree Hotels IPO Details: Issue size: 1,036 Cr. of shares: 18.5 Cr Equity Shares Price band: 54-56 Bid Lot: 265 and in multiple of 265 Issue opens on: 26th March 2018 Issue closes on: 28th March 2018 Objective of...

Hindustan Aeronautics Ltd (HAL) IPO: Good company; Modest valuations

IPO Details: Issue size: Rs.4,113 Cr – 4198 Cr No. of shares: 34,107,525 Equity Shares Price band: Rs. 1,215 – 1,240 Bid Lot: 12 Shares and in multiple Retail & Employee Discount: Rs.25/per share Issue opens...

Bandhan Bank IPO: Micro-Finance focused bank, valued assuming no risk.

IPO Details: Issue Size – Rs 4,473 Cr Price band: Rs 370 – Rs 375 IPO size: Rs 4,413 Cr – Rs 4,473 Cr Subscription dates: 15 -19 March Post-IPO valuation: Rs 44,134 Cr to Rs 44,730 Cr Objectives of the...

HDFC Life IPO : Higher share of traditional policies but stretched valuations

Issue Date: Nov 7, 2017 – Nov 9, 2017 Face Value: Rs 10 Per Equity Share Issue Type: Book Built Issue IPO Issue Size: (Rs Crore) 8245-8695 Price Band: Rs 275 – Rs 290 per equity share No of Shares on Offer: 29.9...

GIC Re IPO : Good business; Punchy valuations

Issue Open: Oct 11, 2017 – Oct 13, 2017 Issue Type: Book Built Issue IPO Issue Size: 124,700,000 Equity Shares of Rs 5 aggregating up to Rs 11,372.64 Cr Face Value: Rs 5 Per Equity Share Issue Price: Rs 855...

Godrej Agrovet; Commodity business with scale advantage; valuation unjustified

Issue Date: Oct 4, 2017 – Oct 6, 2017 Face Value: INR 10 per equity share Issue Type: Book Built Issue IPO Issue Size: Fresh Issue: Rs 291 Cr Offer for Sale: Rs 866 Cr Issue Size: Rs 1157 Cr Price Band: Rs 450 – Rs 460...

SBI Life IPO – Stretched Valuation; Euphoria in IPO Space

Issue Date: Sep 20, 2017 – Sep 22, 2017 Face Value: INR 10 per equity share Issue Type: Book Built Issue IPO Issue Size: Offer for Sale of 120,000,000 Equity Shares Issue Size: Rs 8,400.00 Cr Price Band: Rs 685...

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ICICI Lombard IPO – Stretched Valuation; Taking advantage of Euphoria

Issue Date: Sep 15, 2017 – Sep 19, 2017 Face Value: INR 10 per equity share Issue Type: Book Built Issue IPO Issue Size:Offer for Sale of 8,62,40,000 shares Issue Size: INR 5,700 Cr. Price Band: INR Rs 651 – 661...

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Matrimony IPO; Not yet reached an inflection point

Issue Date: Sep 11, 2017 – Sep 13, 2017 Face Value: INR 5 per equity share Issue Type: Book Built Issue IPO Issue Size: Offer for Sale of 3,767,254 shares Issue Size: INR 130 Cr. Price Band: INR Rs 983 to Rs...

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Engineer’s India Ltd. FPO: Should you Invest?

Details of the issue: Issue Date: 6th February – 12 February, 2014 (for retail investors) Face Value: Rs. 5 Price Band: Rs. 145 to Rs. 150 (Rs. 6 discount on issue price for retail investors) Issue Type: Government...

Aliya Sayyed

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Power Grid Corporation FPO: Can it power your portfolio?

Details of the issue: Issue Date: 3rd – 6th December, 2012 (for retail investors) Face Value: Rs. 10 Price Band: Rs. 85 to Rs. 90 (5% discount on issue price for retail investors) Issue Type: Fresh issue and Government...