20th Jan – Announcement of Price Band 22nd Jan – Anchor Investors Allotment 25th Jan – Offer Opens 28th Jan – Offer Closes 02nd Feb – Finalisation of Basis of Allotment 03rd Feb – Unblocking of ASBA Accounts 04th Feb – Credit of Equity Shares to Depository Accounts 05th Feb – Commencement of Trading
Stove Kraft IPO – Issue Information *(FINAL)*
Issue Opens on: 25 January 2021 Issue Closes on: 28 January 2021 Issue Type: Book Built Issue IPO Issue Size: 1,07,17,532 Shares Face Value: Rs.10/- per Share Issue Price: Rs.384 – Rs.385 Share Discount: NIL Market Lot: 38 Shares Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 3,00,80,631 Shares Fresh Issue of 24,67,532 Shares @385/- = Rs.95.00Crs Offer for Sale of 82,50,000 Shares @385/- = Rs.317.63Crs Equity Shares outstanding after the Issue = 3,25,48,163 Shares
Subscription required for 1X RII = 28,204 Forms NII = 61.89Crs
Stove Kraft IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents: 1) RHP = Red Herring Prospectus Dated January 19,2021(315 pages)
EPS for FY17-18 >>> Rs.(4.95) (Page #78 of RHP) EPS for FY18-19 >>> Rs.00.27 (Page #78 of RHP) EPS for FY19-20 >>> Rs.01.05 (Page #78 of RHP) EPS for H120-21 >>> Rs.09.57 (Page #78 of RHP)
RoNW for FY17-18 >>> 00.00% (Page #79 of RHP) RoNW for FY18-19 >>> 00.60% (Page #79 of RHP) RoNW for FY19-20 >>> 02.51% (Page #79 of RHP) RoNW for H120-21 >>> 18.43% (Page #79 of RHP)
NAV as on September 30, 2020 was Rs.51.89 (Page #79 of RHP)
Listed Industry Peer Group (Page #80 of RHP): TTK Prestige, Hawkins Cookers, Butterfly Gandhimathi Appliances
84.1. P Patel| Link| Bookmark|
January 20, 2021 9:08:34 PM
IPO Mentor (900+ Posts, 900+ Likes)
🥺 Unexpected exponential raise in EPS for H1 20-21 even though pandemic and lock down 😱
As per my understanding, the company has experienced healthy asset quality with GNPL ratio at sub-1% and credit costs of 0.3-0.6% over the past three years with strong underwriting. As a result, its RoA of 2.7% in FY20 is healthy v/s peers. However, given its low leverage (loans/equity of 3.2x), it delivered modest RoE of 11% in FY20. Considering the phenomenal growth that it has had, wouldn''t be surprised at 10-20% listing gains but retail allotment will again be lucky draw.
According to the CRISIL Report, the 60 districts in the 11 states and union territory in which Company is present accounted for approximately 48% of the affordable housing finance market in India during the financial year 2019 and has a high per capita income with rising levels of urbanization. For the six months ended September 30, 2020 and the financial year 2020, it sanctioned 2,591 and 15,591 loans on account of leads generated through 887 and 2,553 connectors, respectively. (Connectors are generally individuals such as insurance agents, tax practitioners and local shopkeepers)
I have account in HDFC Bank, and seperate d-mat account with sharekhan for myself and my wife so can I apply myself and my wife for Home First Finance ipo from my HDFC bank account.
Hdfc bank does not allow 3rd party applications in Onine Asba. 1st holders Pan comes pre-filled in online application. Try with some other bank like Sbi who allow 3rd party asba.
Gavin ji, Since your spouse demat account must be linked with bank account with her name. Use that bank account either through net banking ASBA or UPI mechanism.
IMO , 500 ~ 518 of HFFC = 1500 of Aavas Fin. CMP of Aavas Fin. = 1925 i.e GMP of ~100 Rs. justifies w.r.t CMP of Aavas.
Let''s hope till the time of listing i.e till 3rd Feb. Aavas Fin. sustain above 1500 level.Technically I feel the level of 1700 is supporting the stock in case of correction.Budget can be Housing Finance companies friendly.
Though there are lot many listed housing finance companies , HFFC cleverly select only Aavas Fin. as peer due to its high valuation.Other Housing Finance companies are trading at low. So apply for listing gain only. After listing it may settle anywhere near 400~450 range.🙏
HML ji, HFFC believes that it is intelligent enough in selecting Aavas as its peer. But nowadays investors are intelligent enough to ascertain the required information from various sources and are acting wisely. Sir, thank you very much for your kind views. Please continue to help the forum by sharing your analysis on all the IPOs.
69. arunARUN| Link| Bookmark|
January 19, 2021 7:55:32 AM
IPO Guru (1900+ Posts, 1600+ Likes)
On Oct 15, 2020 HFFL allotted preferential shares at Rs. 334.726. What has changed in 3 months to warrant such high IPO price?