Category: IPO/FPO ANALYSIS
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IRCTC IPO – A Matter of Convenience – Pre Listing Note – Premium
Date: 11th Oct, 2019 Mid Cap – ₹ 5,120 cr. Mkt cap Industry: Railway PSU IPO Price – ₹320 /share We had published an investment report IRCTC IPO – A matter of convenience. The response to the offer was excellent, with an 112 times subscription. The IRCTC IPO lists on Mon 14th Oct. Jainmatrix Investments…
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IRCTC IPO – A Matter of Convenience
Date 29th Sep 2019 IPO opens 30th Sep -3rd Oct at price range ₹315-320/share Industry – Railways PSU Mid Cap: ₹ 5,120 cr. Mkt cap Valuations: P/E 18.8 times TTM Advice: SUBSCRIBE with a 2 year perspective Summary Overview: Railways are undergoing a dramatic transformation to improve service levels, technology, outsource and grow faster. Subsidiaries…
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Spandana Sphoorty Financial IPO – A Spunky Player
Date 06th Aug; IPO Opens 5-7th Aug at Rs. 853-856 Valuations: P/E 17.6 times TTM, P/B 2.4 times (Post IPO) Mid Cap: Rs. 5,505 cr. Mkt cap Industry – NBFC MFI Advice: SUBSCRIBE Overview: Spandana is a rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint…
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RVNL IPO – Railways’ Growth Engine
Industry – Railway Transportation PSU in PMC space Mid Cap of Rs. 4,000 crore IPO Opens 29th Mar – 03rd Apr 2019; Price range Rs. 17-19/share Valuations: P/E 6.9 times TTM; with a discount for Retail investors Advice: SUBSCRIBE for listing gains Summary Transportation Infrastructure is a crying need in India. With Airlines, Roads and…
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HDFC AMC IPO – A Quality Asset
Date 24th July; IPO Opens 25-27th July at Rs. 1095-1100 Valuations: P/E 32.3 times TTM, P/B 10.7 times (Post IPO) Mid Cap: Rs. 23,300 cr. Mkt cap Industry – Asset Management SUBSCRIBE for the IPO Summary Overview: HDFC AMC is the #2 player among AMCs by AUM and #1 by profits. HDFC operates as a…
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Varroc Engineering IPO – An Auto-matic BUY
25th June 2018 Mid Cap of Rs. 13,000 cr. Industry – Auto Ancillary; IPO Opens 26-28th June at Rs. 965-967 Valuations: P/E 28.9 times TTM Advice: SUBSCRIBE Summary of Report Overview: Varroc Engineering is a global tier-1 auto component firm. They design, make and supply exterior lighting systems, plastic and polymer, electricals-electronics and precision metallic…
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Bandhan Bank IPO – The New MFI Leader
Date 14th Mar; IPO Opens 15-19th Mar at Rs. 370-375 Large Cap: Rs. 44,780 cr. Mkt cap Industry – Commercial Bank Valuations: P/E 40.2 times TTM, P/B 4.9 times (Post IPO) Advice: SUBSCRIBE Overview: Bandhan is a commercial bank focused on serving underbanked and underpenetrated markets in India. Bandhan Bank has the largest microfinance loan…
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