NEW ISSUES ( IPO )IPO OF SBI CARDS
IPO NEWS DATED 27.02.2020
: M/S SBI Cards & Payment Services Limited Ltd , a subsidiary of Leading Public Sector lender State Bank of India is coming up with an initial public offering (IPO) of equity shares in the price band of Rs 750 to Rs 755 between March 02 , 2020 to March 05, 2020 against Face value of Rs 10 per share . One can apply in lots of 19 shares each or its multiples . Issue consists of Fresh Issue of Rs 500 crores and Offer for Sale ( OFS ) of 130,526,798 shares held by existing share holders valued between Rs 9, 790 crores to Rs 9,855 crores at the upper band . The promoters State Bank of India owns 74 % of the shares of the company with balance 26 % held by Carlyle group . The company is the second largest issuer of credit cards in India and commands around 18 % share of the credit card market in India . It issues various types of credit cards including Travel , shopping , banking partnership & premium cards in both personal as well as corporate segments . The company had a net income of of Rs 1,160 crores during April to December 2019 , while it had reported net income of Rs 860 crores in the year ending March 2019 and a net income of Rs 599 crores in the FY 2017-18 . 35 % of the issue is reserved for Retail investors ( who invest less than Rs 2.00 lakhs ) and employees of the company will get a discount of Rs 75 per share The shares will be listed in both BSE and NSE . FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE IPO OF PRINCE PIPES & FITTINGSIPO NEWS DATED 18.12.2019 :
M/S Prince Pipes and Fittings Ltd , leading Polymer Pipes and Fittings manufacturers in India in terms of number of distributors, incorporated in 1987 has come up with an initial public offering (IPO) of equity shares in the price band of Rs 177 to Rs 178 between December 18 , 2019 to December 20, 2019 against Face value of Rs 10 per share . One can apply in lots of 84 shares each or its multiples . Issue size is Rs 500 crores at the upper band . The issue is fresh offer of from the company and purpose of issue is to utilize the funds generated to Financing new project , repayment of existing debts , up-gradation and general corporate purposes The company had a net profit of Rs 26.67 crores during April to June 2019 , while it had reported net profit of Rs 83.35 crores in the year ending March 2019 and a net profit of Rs 72.76 crores in the FY 2017-18 . The shares will be listed in both BSE and NSE . IPO OF CSB BANKIPO NEWS DATED 22.11.2019 : M/S CSB BANK , earlier known as Catholic Syrian Bank Ltd , one of the oldest private Sector banks , has come up with an initial public offering (IPO) of equity shares in the price band of Rs 193 to Rs 195 between November 22 , 2019 to November 26, 2019 against Face value of Rs 10 per share . One can apply in lots of 75 shares each or its multiples . Issue size is Rs 410 crores at the upper band .
The issue comprises of fresh offer of from the bank to the tune of Rs 24 crores and Offer for Sale ( OFS ) of equity shares of 1.97 crore Eq Shares by the existing share holders M/S Fairfax India Holding Corporation .. The bank had a net profit of Rs 44.27 crores during April to September 2019 , while it had reported net loss of Rs 66 crores in the year ending March 2019 and a net loss of Rs 127 crores in the FY 2017-18 . The shares will be listed in both BSE and NSE . IPO OF IRCTC LIMITED
IPO NEWS DATED 28.09.2019 : M/S Indian railway Catering and Tourism Corporation ( IRCTC ) Ltd , a Central public Sector wholly owned by Government of India and under administrative control of Ministry of Railways , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 315 to Rs 320 between September 30 , 2019 to October 3, 2019 against Face value of Rs 10 per share . One can apply in lots of 40 shares each or its multiples . Issue size is Rs 640 crores at the upper band . IRCTC is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India . IRCTC was conferred the status of Mini-Ratna (Category-1 Public Sector Enterprise) by the Government of India on May 01, 2008 The issue is Offer for Sale ( OFS ) of equity shares of 20,160,000 Eq Shares by the promoter Government of india and the company will not receive any amount from the issue . THe company had a net income of Rs 272.90 crores against a total revenue of Rs 1,956.70 crores in FY 2018-19 . Retail investors applying for below Rs 2.00 lakhs are being offered a discount of Rs 10 only and 35 % of the issue is reserved for retail investors . The shares will be listed in both BSE and NSE . IPO OF AFFLE ( INDIA ) LIMITED
IPO NEWS DATED 28.07.2019 : M/S Affle ( India ) Ltd , a global technology company that delivers consumer acquisitions for B2C companies through relevant mobile advertising with a proprietary consumer intelligence platform , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 740 to Rs 745 between July 29, 2019 to July 31, 2019 against Face value of Rs 10 per share . One can apply in lots of 20 shares each or its multiples . Issue size is Rs 459 crores at the upper band . The company incorporated in 2005 is promoted by Affle holdings and A.K . Sohum . The issue comprises of Fresh offer of 1,216,200 Eq Shares of Rs 10 (aggregating up to Rs 90.00 Cr) and Offer for Sale ( OFS ) of equity shares of 4,953,020 Eq Shares by the promoters and the company will receive only amount of Rs 90 crores from the issue . The amount received will go to working capital requirements and General corporate purposes . It is reported that company made a Restated net profit of Rs 16.68 crores crores in fiscal year 2019 against its total revenue of Rs 117.80 crores . The issue closes at 3.00 pm on 31st, July 2019 The shares will be listed in both BSE and NSE . SOVEREIGN GOLD BOND SCHEME 2019-20
Dated 31.05.2019 : Government of India , in consultation with RBI , has come out with Sovereign Gold Bond Scheme 2019-20 , as per announcement made by Reserve Bank of India . The schedule of the programme is as follows :
The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions. Each bond will be denominated in 1 gm and multiples .
The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited. The maximum limit of subscribed bonds shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market. Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹50 per gram less for those who subscribe online and pay through digital mode. Bond will carry interest of 2.5% per annum and bonds can be used as collaterals for loans from banks . For RBI NOTIFICATION on this regard , CLICK HERE TOMORROW IS LAST DATE TO APPLY WITH DISCOUNT OF 4.5 % ON CPSE -ETF 4TH TRANCHE
Dated 29.11.2018 : Government of India has come out with Further Fund Offer ( FFO ) -3 with underlying stocks of Nifty CPSE shares . The offer is open for non-anchor Investor from 28.11.2018 to 30.11.2018 . The minimum application amount is Rs 5,000 and Applicants will get a discount of 4.5 % on the Reference Market Price of the underlying index shares . Investors of more than Rs 10.00 crores will be treated as Anchor Investors . The fund is diversified in its composition and The underlying shares are ONGC , Coal INDIA , Rural elec corp , Power Finance corp , NLC , Oil India , IOC , NBCC , BEL , NTPC , and SJVN . The underlying shares can be added / deleted by Government of India . The fund is being managed by Reliance Nippon Life Asset Management Co Ltd . The fund will be listed in both BSE and NSE for trading . The further details of the scheme is available at the website of managers and CLICK HERE to visit their site . FFO OF BHARAT 22 EXCHANGE TRADED FUND
Dated 19.06.2018 : Government of India has come out with Further Fund Offer ( FFO ) with underlying stocks of S&P BSE Bharat 22 Index . The offer is open for Anchor Investors on 19.06.2018 and for others from 20.06.2018 to 22.06.2018 . The minimum application amount is Rs 5,000 . Retail applicants who apply up to Rs 2.00 lakhs will get a discount of 2.5 % on the Reference Market Price of the underlying index shares of Bharat 22 Index which is offered to others . Investors of more than Rs 10.00 crores will be treated as Anchor Investors . The fund is diversified in its composition and The underlying shares are SBI , ONGC , BEL , Power Grid Corporation , IOC , ITC , GAIL , L& T , Axis Bank , BOB , BPCL , Coal India , NTPC . Engineers India , Indian Bank , NBCC , NHPC , NLC , National Alluminium , Power Finance corp , REC and SJVN . The fund has cap of 15 % for each stock and 20 % for a sector . The index has yielded a CAGR of 13 % over last 5 years . The underlying shares can be added / deleted by Government of India . The fund is being managed by ICICI Prudential Asset Management Co Ltd . The fund will be listed in both BSE and NSE for trading . The further details of the scheme is available at the website of managers and CLICK HERE to visit their site . INITIAL PUBLIC OFFERING ( IPO )IPO OF CREDITACCESS GRAMEEN COMPANY LIMITED IPO NEWS DATED 06.08.2018 : M/S CreditAccess Grameen Ltd , a micro-finance company specializing in rural credit , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 418 to Rs 422 between August 8, 2018 to August 10, 2018 against Face value of Rs 10 per share . One can apply in lots of 35 shares each or its multiples . Issue size is Rs 1,131 crores at the upper band . The company incorporated in 1991 is promoted by an multinational company M/S CreditAccess Asia N.V . As per CRISIL , the company headquartered in Bengaluru is the largest NBFC-MFI in gross loan portfolio of the country as per balance sheet as on 31.03.2017 . The company disburses loan to Joint Liability Groups ( JLG ) in rural India. Presently the company covers 132 districts in eight states including Karnataka, Tamilnadu , Kerala , Maharashtra , Chattishgarh , Goa , Madhya Pradesh and Odisha . The issue is Offer for Sale ( OFS ) of equity shares of 26, 805,394by the promoters and the company will not receive any amount from the issue , out of which 7,762,145 shares are being offered to Retail Investors ( who invest less than Rs 2.00 lakhs ) . Portions of OFS are kept for HDFC employees and share holders as well as HDFC AMC employees . It is reported that company made a Restated net profit of Rs 1,246 crores in fiscal year 2018 against its total revenue of Rs 8,752 crores . The shares will be listed in both BSE and NSE . FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
IPO OF HDFC ASSET MANAGEMENT COMPANY LIMITED IPO NEWS DATED 21.07.2018 : M/S HDFC Asset Management Company Ltd , a group company of HDFC and largest Asset management company in India , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 1095 to Rs 1100 between July 25, 2018 to July 27 , 2018 against Face value of Rs 5 per share . One can apply in lots of 13 shares each or its multiples . Issue size is Rs 2,800 crores at the upper band . The company incorporated in 1999 is the joint venture between HDFC and Standard Life Investments Limited , UK . The issue is Offer for Sale ( OFS ) of 25, 457,555 equity shares by the promoters and the company will not receive any amount from the issue , out of which 7,762,145 shares are being offered to Retail Investors ( who invest less than Rs 2.00 lakhs ) . Portions of OFS are kept for HDFC employees and share holders as well as HDFC AMC employees . It is reported that company made a Restated net profit of Rs 495.55 crores in fiscal year 2017 against its total revenue of Rs 1,316 crores . The shares will be listed in both BSE and NSE . FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE IPO OF INDOSTAR CAPITAL FINANCE LTD IPO NEWS DATED 09.05.2018 : M/S Indostar Capital Finance Ltd , a leading Non-Bnaking Finance Company ( NBFC ) , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 570 to Rs 572 between May 09, 2018 to May 11 , 2018 against Face value of Rs 10 per share . One can apply in lots of 26 shares each or its multiples . Issue size is Rs 1844 crores at the upper band . The principal lines of business of the company includes corporate lending , SME lending , Housing Finance and vehicle finance . It is reported that company made a Restated net profit of Rs 210. 79 crores in fiscal year 2017 against its total revenue of Rs 719.97 crores . The shares will be listed in both BSE and NSE .
IPO OF ICICI SECURITIES LTD IPO NEWS DATED 16.03.2018 : M/S ICICI Securities Ltd the largest equity broker in India , is coming with an initial public offering (IPO) of equity shares in the price band of Rs 519 to Rs 520 between March 22, 2018 to March 26 , 2018 against Face value of Rs 5 per share . One can apply in lots of 28 shares each or its multiples . Issue size is Rs 4017 crores at the upper band . The company is leading financial services , including brokerage , operator in India from the stable of ICICI . They operate for both retail and institutional investors . The issue is Offer for Sale ( OFS ) by the promoter ICICI Bank Limited . In this issue , ICICI Bank is selling 7.72 crores shares which accounts to 24 % of its holding in the arm . 5 % of the issue is reserved for the shareholders of ICICI Bank Ltd . ICICI Securities had declared a net profit of Rs 398 crores for the nine months period ending 31.12.2017 ( Rs 254 crores for the same period last year ) . It is reported that company made a Restated net profit of Rs 338. 54 crores in fiscal year 2017 against its total revenue of Rs 1,404.23 crores . The shares will be listed in both BSE and NSE . For Red Herring prospectus of the issue , CLICK HERE |
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NON CONVERTIBLE DEBENTURES ( NCD ) OFFERINGS
NCD OF EDELWEISS RETAIL FINANCE LTD
Dated 18.03.2018 : M/S Edelweiss Retail Finance Limited , has come out with issue of Non-Convertible Debentures ( NCD ) with issue period between 07.03.2018 to 22.03.2018 . The Debentures , with a Face Value of Rs 1,000 , have tenure between 3 years , 5 years and 10 years and carry a coupon rates varying between 8.42 to 9.25 payable monthly , annually or at maturity . Minimum application must be for Rs 10,000 and multiples of Rs 1,000 thereafter .
The Debentures are of unsecured nature and are rated "AA/ stable " by CRISIL and " ICRA AA / OUTLOOK STABLE " by ICRA . Issue size is of base Rs 250 crores with an option of additional subscription of another Rs 250 crores . The Interest Income on the debentures are Taxable .
For press release by Edelweiss , CLICK HERE and for prospectus , CLICK HERE
Investors are advised to go through the red herring of the prospectus for risk factors and further details
Dated 18.03.2018 : M/S Edelweiss Retail Finance Limited , has come out with issue of Non-Convertible Debentures ( NCD ) with issue period between 07.03.2018 to 22.03.2018 . The Debentures , with a Face Value of Rs 1,000 , have tenure between 3 years , 5 years and 10 years and carry a coupon rates varying between 8.42 to 9.25 payable monthly , annually or at maturity . Minimum application must be for Rs 10,000 and multiples of Rs 1,000 thereafter .
The Debentures are of unsecured nature and are rated "AA/ stable " by CRISIL and " ICRA AA / OUTLOOK STABLE " by ICRA . Issue size is of base Rs 250 crores with an option of additional subscription of another Rs 250 crores . The Interest Income on the debentures are Taxable .
For press release by Edelweiss , CLICK HERE and for prospectus , CLICK HERE
Investors are advised to go through the red herring of the prospectus for risk factors and further details
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