Blog

Bandhan Bank IPO: Short-term investors can easily avoid this ‘tie-up’

Although the bank’s business outlook seems strong, expensive valuations are the key issue, say analysts.

bandhan.jpg

IPO News : The prospects for Bandhan Bank (Bandhan), which is turning out with its first offer of stock (IPO) on March 15, remain intense – it has a strong asset quality, high benefit and also advancement rates. Regardless, the asking rate is on the higher side, say most analysts, who assume that there is nothing left on the table from the transient perspective. Also, a couple of specialists are moreover careful about Bandhan’s short spell of 3-4 years as a bank.

Enviable track record

Started as a microfinance association in 2001, Kolkata-based Bandhan got a dealing with a record allow from the Reserve Bank of India (RBI) in 2014 and is by and by proposing to raise up to Rs 36.63 billion through its IPO by methods for new issue of offers. The present financial specialists, for instance, IFC, are planning to offer bit of their property, worth Rs 8.11 billion, through an offer accessible to be acquired.

The IPO will in like manner empower the bank to meet the RBI’s approving necessities. According to the RBI runs, all the as of late approved banks are required to get recorded inside three years from the date of allowing.

With this capital implantation, the bank will plan to help its credit improvement, which however may not by any means come through augmentation of its branch sort out. “We have done most by far of interests the extent that augmentation of branch compose. Proceeding, improvement rate similarly as branch framework will be much slower as the bank has enough branch sort out farthest point (beginning at now),” says Sunil Samdani (CFO) of Bandhan.

Also Read : Bandhan Bank To Go Public, Launch Record $689 Million IPO

The bank’s propel book created at a CAGR (increased yearly improvement rate) of around 51 for each penny in the past 17 years, which sponsored off, yet strong, to 33 for each penny as on December 31, 2017, and the example of strong advancement is most likely going to persevere within the near future.

“In the past 17 years this (the present year) was the hardest year for the bank in view of issues like GST (stock and organization charge) rollout. Despite this, we could achieve 33 for each penny propel improvement. In next two-three years as well, a 33-35 for each penny improvement in advances can without a doubt be proficient,” says the CFO and Chandra Shekhar Ghosh, creator, MD and (CEO) of the bank.

Conspicuously, Bandhan has in like manner exhibited itself as a standout amongst the most grounded banks similar to asset quality, benefit, et cetera. While the bank’s net NPA (non-performing assets) stayed at 0.8 for every penny as on December 31, 2017, its landing on esteem (RoE; an advantage measure in regard to the theory made by esteem financial specialists) was capable at 25.6 for each penny.

Bandhan Bank IPO

Advertisements

Motherson Sumi Systems Limited : Buy/Sell Motherson Sumi Systems Ltd. News, Stock Charts, Returns & more

Get Motherson Sumi Systems Ltd. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more.

msss1

Motherson Sumi is in the Auto Ancillaries sector. The current market capitalisation stands at Rs 65,054.06 crore.

The company management includes Vivek Chaand Sehgal – Chairman, Pankaj Mital – Whole Time Director & COO, Toshimi Shirakawa – Director, Laksh Vaaman Sehgal – Director, Noriyo Nakamura – Director, Sushil Chandra Tripathi – Independent Director, Gautam Mukherjee – Independent Director, Geeta Mathur – Independent Director, Naveen Ganzu – Independent Director, Arjun Puri – Independent Director.

It is listed on the BSE with a BSE Code of 517334 and the NSE with an NSE Code of MOTHERSUMI. Its Registered office is at Unit 705, C Wing, ONE BKC, G Block,,Bandra Kurla Complex, Mumbai,Maharashtra – 400051.

Their Registrars are Karvy Computershare Private Ltd.

Motherson Sumi Systems Ltd,  Motherson Sumi Systems,

Motherson Sumi Systems Share Price,

Motherson Sumi Systems Stock Price,

Motherson Sumi News,  Motherson Sumi Systems News

Balaji Telefilms Limited : Buy/Sell Balaji Telefilms Ltd. News, Stock Charts, Returns & more

Get Balaji Telefilms Ltd. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more.

balaji

Balaji Telefilm is in the Media & Entertainment sector. The current market capitalisation stands at Rs 1,429.98 crore.

The company management includes Jeetendra Kapoor – Chairman, Shobha Kapoor – Managing Director, Ekta Kapoor – Joint Managing Director, Tusshar Kapoor – Non Exe.Non Ind.Director, Arun Kumar Purwar – Independent Director, Ashutosh Khanna – Independent Director, D G Rajan – Independent Director, D K Vasal – Independent Director, Pradeep Kumar Sarda – Independent Director, V B Dalal – Independent Director, Jyotindra Thacker – Addnl.Non Executive Director, Anshuman Thakur – Addnl.Non Executive Director.

It is listed on the BSE with a BSE Code of 532382 and the NSE with an NSE Code of BALAJITELE. Its Registered office is at C 13, Balaji House, Dalia Industrial Estate,,Opp. Laxmi Industries, Mumbai,Maharashtra – 400053. Their Registrars are Karvy Computershare Private Ltd.

Balaji Telefilms Ltd, Balaji Telefilms Stock Price,

Balaji Telefilms Share Price, Balaji Telefilms,

Balaji Telefilms News, Balaji Telefilms Share Market News

Future Supply Chain IPO opens on Dec 6, price band at Rs 655-660 per share

Most of the proceeds from the issue will go to the Griffin while the rest to the promoter group, Mayur Toshniwal.

FSC

IPO News : Future Supply Chain Solutions, the logistics arm of the Kishore Biyani-led Future Group, today said the promoters and PE investor Griffin will together sell 24.43 per cent to raise up to Rs 650 crore through the initial public offer that hits the market on December 6.

The company has fixed a price band of Rs 655-660 for the issue which will offer up to 9,784,570 equity shares that has a face value of Rs 10 each, and an offer-for-sale of up to 7,827,656 shares or 20 per cent equity by Griffin Partners.

That apart, the promoters, Future Enterprises, will dilute up to 1,956,914 shares constituting 4.43 per cent of equity, through the issue which will close on December 8. The offer constitutes up to 24.43 per cent of the post-offer paid up equity share capital, the company said.

Most of the proceeds from the issue will go to the Griffin while the rest to the promoter group, Mayur Toshniwal, manager director Future Supply Chain said.

Griffin Partners held 40 per cent in the company and it will offload 20 per cent of this stake through the IPO, post which the PE will continue to hold 15.1 per cent, Toshniwal said.

In the run-up to the IPO, SSG Capital–the parent of Griffin Partners– had on November 20 sold 19.63 lakh shares aggregating to 4.9 per cent stake to two Edelweiss Group- managed entities–Edelweiss Crossover Opportunities Fund and EW Clover Scheme-at Rs 636.60 a share, according to an earlier exchange filing by the company.

Click to Read → Future Supply Chain IPO Share Price

Mahindra Logistics IPO price band fixed at 425-429; to raise Rs 829 cr

The issue of MLL comprises sale of 1,93,32,346 shares

ipo 3

 

Mahindra Logistics Ltd (MLL), part of diversified Mahindra Group, has fixed a price band of Rs 425 to 429 per share for its initial public offer(IPO), according to a regulatory filing.

At the upper end of the price, the share sale would fetch little over Rs 829 crore.

“The price band for the offer has been fixed at Rs 425 to Rs 429 per share of Rs 10 each of MLL with an employee discount of Rs 42 that will be offered to eligible employees,” Mahindra & Mahindra said in a regulatory filing.

Last week, Mahindra Logistics had received go-ahead from markets regulator Sebi for the initial share sale.

The issue of MLL comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares — amounting to 13.74 per cent stake — by the parent firm Mahindra and Mahindra.

Besides, Normandy Holdings would sell 92,71,180 shares, while Kedaara Capital would offload 3,94,993 scrips. Normandy Holdings is a 100 per cent subsidiary of Kedaara Capital.

Click to Know More → Mahindra Logistic IPO

New India Assurance Rs 9,600 cr IPO opens Nov 1, price band: Rs 770-800

The company’s initial share sale will close on November 3

IPO 2

 

India’s state-run New India Assurance Co Ltd has set a price band of Rs 770 to Rs 800 a share for its initial public offering (IPO) opening on November 1, sources with direct knowledge of the deal told Reuters on Tuesday.

At the upper end of the price range, the IPO would raise Rs 9,600 crore ($1.48 billion).

The sale will close on November 3, said the sources, declining to be identified as the details are not public.

($1 = Rs 64.9825)

Click here to know more → New India Assurance IPO