i will buying however not for short term but long term investment only got 810 shares from 6 successful application need at another 10000 shares so will be buying
IIFL on Equitas Holdings (Equipped to emerge as a successful SFB, BUY, TP Rs177):
Equitas Holdings Limited (EHL) is one of the ten financial sector companies to have received an in-principle license for a Small Finance Bank (SFB). It is the most diversified entity with operations in microfinance (MFI), vehicle finance (VF), micro/small enterprises (MSE) and housing finance (HF). EHL is among the better organised MFIs. With a strong management team, ability to deliver robust AUM growth and strong back-end technology infrastructure, it should be able to manage the transition challenges better.
We believe the IPO valuations are attractive (1.6x FY18ii post money BVPS). Initiate with BUY and TP of Rs177/share (2.5x FY18ii BVPS).
AB Money Target 164 IIFL 177 Ambit Capital 186 ( End of this Year)
Mr Mitesh only 513800 applicants have to be allotted 135 shares as per guidelines issued by Sebi in the year 2013. The guidelines are you first divide the retail quota by the lot size and if the number of applicants are more than the derived quota the allotment will be done by lottery and if the applicants are less then minimum lot will be given to all applicants and the remaining extra shares will be given to the applicants who have applied more than the minimum lot size at a proportionately.
I have applied for full quota for retail investor category. The data above shows RII subscribed only for 1.4 times. But I received only one lot of 135. I was in impression as this is not over subscribed many times we will get better portion or atleast 3-4 lot. What is the reasoning behind this. any expert suggestions....
1517. Earthking| Link| Bookmark|
April 18, 2016 5:34:15 PM
IPO Guru (1300+ Posts, 500+ Likes)
Applied thru 4 application got 4 single lot ... Happy investing ... All the best to all allotees ...
You people who think that FIIs will have great interest in buying Equitas need to understand that under RBI norms, small finance banks need to maintain 51% domestic share holding. Besides, investors, domestic or foreign, can''t acquire 5% or more without RBI approval. Post the IPO, domestic shareholding in Equitas will be ~65%, which means that FIIs could theoretically buy just ~14% more.
1516.1. Earthking| Link| Bookmark|
April 18, 2016 5:31:29 PM
IPO Guru (1300+ Posts, 500+ Likes)
U r right but u r forgetting the fact that this reason will itself shoot the price