This IPO, an offer for sale of shares, will see ICICI Bank selling nearly 22 percent of its stake valuing the company between Rs 16,500-18,000 crore, two people aware of the development told BloombergQuint on the condition of anonymity. The company was originally looking at a valuation of Rs 25,000 crore at the time of filing the draft red herring prospectus, the people said.
Icicidirect.com a highly technology driven company. It is providing quite efficient service. I have 3 account which includes account of my two family members Siince last 10 years. I never faced any problem with the site. It delivers shares/mutual/funds on time without any hassles. In my view, no company can compete with icici direct for the quality of services it is providing. The share can multiply in future.
Somehow I feel, icici direct stock would become a multibagger soon. Shares/futures /options brokerage business is a highly lucrative business. Chances of losses are almost nil. Although I know many retail investors may not be applying to it due to availability of other many IPOs in the next week. Company is also not expecting same and accordingly kept RII quota only 10%.
Its only very conservative kind of people are maintaining accounts with icici, hdfc,kotak or SbiCapsec. Now a days many people are shifting towards discount brokers like Zerodha, rksv etc. Which poses a threat to established players like icicisec, however I am not sure at what extent the impact could be. This is the only concern here.
My preferences of forthcoming IPOs: ICICI Securities 1 Misradhatu nigam 2 Bharat Dynamics 3 Bandhan bank 4 Sandhar technologies 5 HAL 6 Karda construction 7
Big News :- HDFC to launch HDFC AMC IPO in May 2018
Housing Development Finance Corp. and Standard Life will raise Rs 3,600 crore by selling 12% stake in HDFC AMC through initial public offering in May, valuing the company at around Rs 30,000 crore. HDFC owns 57.34% in the venture while Standard Life owns 38.24% and remaining is with others !!
HDFC ASSET MANAGEMENT COMPANY files DRHP . There are 12 merchant bankers managing the Issue. kARVY is the Registrar to the issue . The issue lead managed by all the lead merchant bankers . The issue size is 2,54,57,555 of Rs. 5 each
39. Solution of Queries Mar 14, 2018 11:20:29 AM IST Bandhan Bank Limited IPO
HDFC''''S Group 4th IPO issue after HDFC, HDFC Bank, HDFC Standard Life, is expected soon. HDFC Asset Management Company will be coming out with an IPO of face value of Rs. 5/- . All the three existing listed entities have given great returns over multiple decades and are considered gold standard in the equity market, not just in India but globally.
IPO News :- Sea foods exporter Nekkanti Sea Foods has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 750 crore through an initial share sale.
The company is the third sea foods exporter that approached Sebi with IPO papers in less than a month. Earlier, Sandhya Marines and Devi Seafoods had filed filed their respective preliminary papers with the market watchdog.