Housing and Urban: Red flags: Total loan book of Rs. 36386 with only 30.86% to housing sector, 69% to infrastructure sector. Housing sector is counted as safe as compared to infrastructure in industry. Housing loan book is low. Total 89.93% of loans to Government. It’s hard to get money from Government projects especially infrastructure projects i.e road projects. Housing loan to individual (retail) is less or zero. NPA is high. Company needs to work under Government influence. Company can’t work independently. Company need to work under political pressure.
Green flags: Last three year financial nos. are good but not excellent. Asking price is reasonable – P/E -14 and P/BV – 1.3. Company’s line of business is aligning with Central Government’s main policies like – home for everyone. Central Government’s disinvestment plan is high for year 2017-18. Government will not make any negative impression on investors because many other disinvestments are in pipeline.
Conclusion: Market condition is favorable. Grey market premium is also good. Housing – infrastructure financing companies are doing good at present. Company is coming with good price band i.e. P/E – 14. Listing gain is possible. But investors will not get benefits like PNB Housing Finance, LIC Housing etc. In a long-term also it will not outperform like HDFC, Bajaj Finance. It will oversubscribe more than 5 times in retail section. It is advisable to apply one (minimum) lot per application. Disclosure – I am applying.
Is it true the principal amount will be blocked with the company And we will just get 10-12% per annnum Or if the units so allotted can be completely sold on bse or nse as in cpse fund N we can release our entire investment Pls clarify on this
IRB.. Premium Rs. 9... Subscription Expected 4 time.. Qty 10000.. If allotted you get 90,000.. Hence, Kostak should be around 21000 and Subject to 75000 to 80000
Go to any broker of stock exchange. Also, if u have a friendly sub broker, go to him and fill in hard copy form. Just details required and rest the broker will do and asba will automatically happen
IRB InvIT BES Last updated on 04 May 2017 | 05:30:07 PM
Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category 1 Institutional Investors 13,69,07,797 3,77,25,000 0.2756 2 Other Investors 11,40,82,600 5,83,10,000 0.5111 TOTAL 25,09,90,397 9,60,35,000 0.3826
Dear EagleEye & SeptaJi Please comment whether to apply Is it worth applying 10,20,000/- in this IPO?