Dear Harit Stock Market is always risky. We must take risk and apply. I took risk in bandhan bank and applied with full force i made money. If Qib portion subscribes above 40 times like Bandhan Bank then we consider for apply. Bandhan Bank came ipo at the time of PNB Fiasco. Avas also at the time of NBFC Fiasco.
Yes Kumar Risk is always there But one thing for sure,it will not going to list in discount If someone having appetite should go for max 2 lac application Might earn 12-13k if not subscribe fully in retail
154. PavanM| Link| Bookmark|
September 25, 2018 9:39:12 AM
IPO Mentor (500+ Posts, 400+ Likes)
At the higher end of the price band of Rs 818 to Rs 821 per share, the stock of Aavas Financiers is valued at about 69.5 times its earnings. Further, the stock is valued at 5.9 times based on its FY18 book value per share, which is quite expensive. This is not just steep but at a premium to that of its competitors.
Inspite of having a small loan book as compared to its peers, the valuation multiples are way higher that the leader HDFC itself. Even smaller competitors with enough listing history like Repco Home Finance, Can Fin Homes, and PNB Housing Finance are available at better valuations. Given the small size and limited track record, the valuations of Aavas seem to be stretched at this stage.
We would therefore recommend subscribers to consider AVOIDING the IPO of Aavas Financiers.
*Aavas Financiers sees over $1 billion in demand from Anchor Investors*
Aavas Financiers got orders of ~520cr from high profile anchor investors, ahead of its IPO, which opens tomorrow. The company has finalised 34 investors at upper end of the prize band.
As per sources, overall demand was over US $ 1 billion from more than 75 investors across US, Europe, Asia and India (well over 10 Times the anchor amount)
Largest global active asset managers and SWFs including Abu Dhabi Investment Authority, Kuwait Investment Authority, Nomura, HSBC Halbis, Morgan Stanley, Amundi, Wasatch, BNP, Steinberg, Kotak, Beuna Vista and Think participated in the Anchor book.
Many large domestic mutual funds including 4 of the Top 5 such as SBI MF, ICICI Prudential MF, Relaince MF, Birla MF, Kotak MF, DSP MF, IDFC MF, Sundaram MF, Edelweiss MF, IIFL MF have participated. The Anchor book also saw widespread participation from the leading life insurance companies such as SBI, Bajaj Allianz, BIRLA Sunlife, Kotak, Max along with AU Small Finance Bank.
ICICI Securities, Citibank, Edelweiss, Spark and HDFC Bank are the Investment bankers to the share sale.
34 Anchor Investor invested in this company. Good AI List. Lot of fii also participated. Lets wait and see how qib and Hni behaves during ipo. It may be qib subscribe like bandhan bank.
Purely supply and demand theory applicable at the time of listing. There are 16 FII participated (Including Morgan Stanley, Dsp Black, Hsbc etc) in the AI portion. It is good sign. If Qib quota subscribed above 40 times like bandhan bank i will apply with full force. It will subscribe retail portion as you mentioned. There is possibility of lot of shares we can get in 2 lakh application.
151. NRI Investor| Link| Bookmark|
September 25, 2018 9:53:26 AM
Top Contributor (200+ Posts, 300+ Likes)
AVOIDING THIS COSTLY IPO ASKING AT 56 PE
Better stay in cash n buy quality shares at low price
150. SJ| Link| Bookmark|
September 25, 2018 6:30:50 AM
IPO Guru (1300+ Posts, 3200+ Likes)
BSE to pour more fuel to the fire.The exchange put Indiabulls Venture ( NBFC ) in its new 145 companies ASM list.
The list includes some other popular stocks like
1. Adani Transmission 2. Reliance Navel 3. Emami 4. Swaraj auto ( mahindra group ) 5. Timex 6. TVS Electronics 7. V - Mart 8. VIP 9. Vardman 10. Moser Baer
Broker houses are positive with the aavas IPO Some premium still in market Easy allotment (1-1.25x oversubscribed) One should take chace Mid risk-mid return kind of co. If recently storm down then we can see a healthy returns on listing (I will put 8 application as I sold already in s2)