Can anyone post recent subscription data or pls post link for seperate biders
334. R R Patel| Link| Bookmark|
November 9, 2017 1:05:12 PM
IPO Mentor (800+ Posts, 3400+ Likes)
HDFC Standard Life Insurance Company Ltd. IPO: Subscription figures on last day @2pm (BSE+NSE):- QIB - 9.45X** HNI - 0.91X Retail - 0.66X Employees - 1X Shareholders - 0.23X Total - 2.78X **Excluding Anchor. I am applying for long term prospectus.
Pros - HDFC pedigree (sister stocks have performed in spite of high valuations) Still Emerging & Under-penetrated market (long term play, high growth) Balanced portfolio compared to other insurers (management handling deft as per market demand) Most ratios look fair & moderately justified compared to other insurers
Cons - Extremely high valuation (zero room for error) Seems promoters are taking advantage of market condition (market trading above long term averages) Short term vagaries, depending on market
Conc - Short Term - High Risk, Moderate returns Long Term - Moderate Risk, Good returns
328. Lokesh Chiru| Link| Bookmark|
November 9, 2017 11:41:51 AM
Top Contributor (400+ Posts, 300+ Likes)
Do remember that there is NO discount for retailers and even employees for this big IPO but still Employee and Retail quota will be oversubscribed as per the current subscription figures.
GIC and NIA people were lured with discount of upto 5% to apply IPO but even after considering the discount people are in 10% loss in GIC.
HDFC Standard Life IPO is relatively expensive when compared to peers like ICICI Life and SBI Life but the BRAND HDFC always demands a premium because of excellent management, corporate governance and superior performance and always delivering consistent compounded growth to shareholders.
Last but not the least QIB will be oversubscribed by atleast 8 to 10 times as it already crossed 5 times.
Yes, RII will not be oversubscribe as it is almost 1:30 PM. And ASBA from majority of banks will be available till 2:00. Also, it is trend from last historical IPO''s that on last day only NII or QIB prefer to enter, not RII. However, let''s wait for final call in evening.
326. Eagleye| Link| Bookmark|
November 9, 2017 11:25:33 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Where are the participants who participated in anchor list. According to the anchor participation, QIB must cross 30 times. If it does then Anchor participants were not genuine.
@ Lokesh Please explain how QIB size 4350 and demand of 22000 crores
On page it shows QIB shares available = 53379158*290*5 times =7740 crores
324.4. juju| Link| Bookmark|
November 9, 2017 11:57:06 AM
(300+ Posts, 300+ Likes)
QIB size in open book building is 1548 cr, and with 5 times subscription we have 7740 cr bid from QIB, on anchor investor front we have portion of 2320 cr, so total QIB is 3862 cr . Don''t know from where you got this figure of 4350 cr
I want to about the HDFC Standard Insurance company IPO. Is there any chance for the allotment and it is good to apply ?
317.1. PSR| Link| Bookmark|
November 9, 2017 11:26:42 AM
IPO Guru (1200+ Posts, 700+ Likes)
You can apply.
Chances of allotment ------------- 99.99%
Company -------------- Very Good
Can be considered for applying ---------------------- They are asking for about 20% premium over above the rate it should be. However the premium likely to continue in future.
Can we apply? -------------- Not for listing gain. Can be considered only as one class of asset creation.