No Rs 60 per Equity Share for Eligible Employee category only
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June 12, 2017 3:40:47 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Friends please discard my message. Admin sir , please remove my above messages so readers can''''t be misguided.Now it''''s of no use. Thank you.
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June 12, 2017 3:48:12 PM
IPO Guru (2400+ Posts, 3600+ Likes)
To CA M&co.Jodhpur
Hi dear , kindly visit eris ipo page. At 2 pm , we were discussing about this only. By mistake NSE had written retailors also before 2 hours.Now rectified to eligible employees only.
------------------ ---Issue Size----------- Oversubs(X) -------- Total Money Blocked
GTPL Hathway--------- 300 crores-------------- 5 -----------------------1,500 Eric Life -------------------1750 -----------------20---------------------- 35,000 Tejas ------------------------450---------------- 10------------------------- 2,400 CDSL----------------------- 400 -----------------400 ------------------1, 60,000
Though this in itself is not the money making formula. This has to be further refined in terms of NII /RII allocations and Nifty levels. If Nifty slides 5% , the money collections drop by 15%
At the price band of Rs 145 to Rs 149, it looks totally fair to me. My analysis gave me a intrinsic value of Rs 183 and I expect it to list in the range of 205-215.
Some of the key takeaways from the RHP are as- 1) Revenue grew at a CAGR of 18% from FY15 to FY17 2) Dividend paying company 3) It enjoys high economy of scales 4) No debt 5) Relies on internal resources for expansion 6) Equity market shows promises as market capitalisation to GDP ratio is still 20% less than global average 7) It achieved 60% market share in incremental BO accounts this year over the last year, representing a net growth of 14%.
Although it has a market share of 43% and provides less no of services as compared to NSDL.
BSE sold shares of CDSL to LIC for ~Rs 79 in Oct 16 (just for the information)