S P Apparels Ltd IPO Message Board (Page 10)

I want to apply for sp apparels any suggestion to apply or not

any view on mandhana industries, any target , gamble sir you advise

Inox wind,jk tyre,jk bank,cadila(wait for results),union bank,pre cam,equitas,idfc bank,MGL,DHFL,suzlon, etc etc


Urja globle tgt should b 1.25,1.38

Buy all in dips for midium term ...

Consider ashok laylend also

Eagleye plz post subscription details of dilip n s.p

Eagleye are you applying in DBL ?
Please respond.

RBL Bank IPO Update

Mumbai: Private sector lender RBL Bank aims to launch its initial public offering (IPO) in the third week of August, said a senior official of the bank, who did not want to be named.

The bank has received clearances from the Securities and Exchange Board of India (Sebi) on the issues relating to its shareholding that were flagged by the regulator last year.

RBL Bank, which filed its draft prospectus with Sebi on 23 June 2015, has been waiting for its approval.

The regulator withheld approval as RBL had in the past issued securities to more subscribers than permitted under the Companies Act, 2013.

In its draft prospectus, RBL Bank disclosed that in 2003 and 2006, it issued shares to more than 200 subscribers. The previous board had allotted shares via rights issues to 2,591 investors on 19 February 2003. It further allotted shares to 1,969 investors through another rights issue on 21 February 2006, according to risk factors highlighted by the company in its draft prospectus. These share issues do not comply with the new rules.

In December, Sebi announced that any offer or allotment of securities shall be considered as a public issue if the number of allottees exceeds 200 in a financial year under the Companies Act, 2013, as against the cap of 49 allottees provided in the Companies Act, 1956.

As per the 2013 Act, if there are more than 49 investors and up to 200 investors, a company has the option of refunding the investors with interest and no penal action would be taken.

However, even after the amendment, RBL Bank’s past issuances continued to be in violation of the norms as the bank had issued shares to more than 200 investors.

“We are waiting for the final approval on our revised document. It shouldn’t take more than a few days,” said the bank official quoted earlier.

RBL Bank had earlier planned to raise Rs.1,100 crore through its IPO. On 21 December 2015, RBL Bank raised Rs.488 crore through a pre-IPO round of fund-raising.

The private lender raised the funds from international investors, including the Asian Development Bank and the UK government’s development finance arm CDC Group Plc, among others. Shares were issued to these investors at Rs.195 apiece.

“We can hit the market anywhere between 8 and 25 August. But there are a few holidays this month,” the official explained.

The IPO size will be about Rs. 1,100 crore comprising fresh issue of shares, in addition to offer of sale of 17.56 million equity shares by existing investors.

The face value of the share is Rs.10 each.

The price band will be decided in consultation with global coordinators and book running lead managers (GCBRLMs) to the issue.

The shares will be listed on BSE and NSE.

The bank earned a net profit of Rs. 292.48 crore on revenues of Rs. 3,234.85 crore for the financial year 2015-16, up from Rs. 208.45 crore and Rs. 2,356.5 crore in the preceding financial year.

The diluted EPS was Rs.9.43 for 2015-16 as against Rs. 7 in 2014-15 (Diluted earnings per share reflect the potential dilution that could occur if contracts to issue equity shares were exercised or converted during the period).

Deposits and advances stood at Rs. 24,348 crore and Rs. 21,229 crore, respectively, as of March 31, 2016.

Net non-performing assets (NPAs) as percentage of total advances rose to 0.59 percent from 0.27 percent at the end of financial year 2014-15.

The GCBRLMs to the issue are Kotak, Axis Capital, Citi and Morgan Stanley. The BRLMs are HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets.

The bank was incorporated in 1943 as Ratnakar Bank.

Over the last five years, global and domestic investors have infused capital of over Rs. 1,500 crore in the bank, taking the TIER 1 capital to Rs. 2,200 crores (approx).

As of March 2016, RBL Bank had 197 branches and 362 ATMs across 13 Indian states.

The corporate office of RBL Bank is at One Indiabulls Centre, Tower 2B, 6th Floor, Lower Parel (W), Mumbai, while the registered office is at Shahupuri, Kolhapur.

Thank you very much chintan.

What is the CRAR of RBL?

S.P. Apparels IPO subscribed 12% on Day 1

any premium for these ipo????
would it be next infibeam like gain after listing days???

I''ll avoid this issue for reasons (a)T to T group & 5% circuit filter(b) BRLM Motilal. (c) not great fundamentals.
Who will absorb the selling of rii & nii, as 75% of these categories flip on day one

Please tell me about Prakash Steelage. i have 5000 share

Just to add to the above, the preference shares are issues at coupon interest of 3% and later 10% (very high) after 3 years. Before the IPO the promoters have made sure not to issue any preference divided for this year to squeeze the diluted EPS to make it equal high as basic EPS, but as you know the preference dividend which is denied for this year will be accumulated and need to be paid before you paid any dividend to ordinary shareholders, so this will eat into your dividend post listing. And the preference shares are issued to no other than the promoters themselves.
The promoters are crooks but the issue managers are even bigger crooks who have done their manipulation job to dress up this issue look it far better. I will stay away from SPA.

should apply or not

ANY TARGET FOR EQUITAS IN 6 MONTHS

The market valuations had outstripped the fundamentals of almost all the shares. There is now a pause and only selective shares are going up. Can not say when there will be huge inflows or for that matter outflows. Hence, it is extremely difficult to predict price targets. Equitas is reasonably priced now compared to say Ujjivan.. You can expect Equitas to consolidate and go up to Rs 200+ in the short term. In other words you can buy at dips and hold.

235 for 12 months

1. As said earlier, the books look cooked up. With not much growth in top line the PAT increased 3 times. How? Sounds fishy.

2. Stiff competition in apparel business from local as well as other countries like our neighbours Bangladesh..

3. And lastly track record of BRLMs. Nothing great to boast of.

FINAL CONCLUSION- AVOID AT ALL COST.

Thanks Rajeev

Fools only repeats others view,

66. Uchit Patel Jul 29, 2016 11:22:42 AM IST Reply
I don''''t have a chance to read whole draft document but I found something interesting:

Company''''s Revenue/Net Profit from year 2013 to 2016:

Rs. 428.89 cr. / Rs. 2.36 cr. (FY13), Rs. 452.07 cr. / Rs. 6.68 cr. (FY14), Rs. 479.23 cr. /Rs. 10.05 cr. (FY15) and Rs. 537.75 cr. / Rs. 34.71 cr. (FY16).

For year 2013 to 2015 company''''s profit margin is very low 0.6 % to 2.2%. In year 2016 sudden increase in Net Profit to Rs. 35 crore but revenue is not much increased. Sudden increase in Profit margin (6%) in 2016.

This looks something manipulated because of company is planning for IPO in year 2016. I can understand

Exports knitted garments for infants to UK

After a huge jump in net profit in FY 2016, the shares are being offered at 20 times EPS !!

be VERY careful !

In November 2006, the selling shareholder NYLIM India Fund, was issued 18 lakh equity shares at Rs 200 per share. After adjusting for inflation adjusted rate of return, the selling shareholder is exiting 50% at loss. !!

Eagle-eye madam are you applying for this ipo?

okay got it.... best of luck chor company both SPA and DBL. lately these big name buy in IPO have been bad for listing gain coffee day is one such example.....

Eagle Eye Madam, Please Inform for S P APPARELS LTD to Subscribe or Not As Per Your View ? Thanks in Advance

Can anyone please suggest a good book for Options Trading???

Some text missing...

I have read some Nithin Kamath.

Text missing again. I give up!

      S P Apparels Limited - Allocation to Anchor Investors                
                  
                  
1      DSP Blackrock Micro Cap Fund      6,34,315      23.70%
2      Goldman Sachs India Fund Limited       5,56,380      20.80%
3      Birla Sun Life Insurance Company Limited      5,56,325      20.80%
4      Morgan Stanley Mauritius Company Limited      3,69,920      13.80%
5      UTI Mutual Fund      3,73,175      14.00%
6      Mutual Fund - Principal Emerging Bluechip Fund      1,86,570      7.00%
                  
      Total Allocation :-       26,76,685      
      Total Amount :-      71.74 Crores       

Anchor investor list is great....

Avoid both the IPO''s (DBL and SPA)

SPA Ka GMP Kya H

IF CIRCUIT OF 5 % APPLY IN THIS IPO ....GMP 35 KESE

Circuit from listing price, not from IPO issue price.

No gmp at all in SPA.

Better not to apply and keep your apparels on your body.

hahaha....

good one buddy

One perplexing thing about SPA capital structure is:

- ISSUED, SUBSCRIBED AND PAID-UP SHARE CAPITAL BEFORE THE OFFER

17,145,212 Equity Shares 171.45
20,000,000 Redeemable Preference Shares 200.00

However the EPS of 18.70 is considering only the earning per issued shares 1.71Crores. How on earth for a company which has already issued CCD the diluted and basic EPS is same (18.70)?

Please help me understand if in fact I am reading this wrong.

Just to add to the above, the preference shares are issues at coupon rate of 3% and later 10% (very high) after 3 years. Before the IPO the promoters have made sure not to issue any preference divided for this year to squeeze the diluted EPS to make it equal high as basic EPS, (Only for this year, they claimed preference dividend for past 2 years) but as you know the preference dividend which is denied for this year will be accumulated and need to be paid before you pay any dividend to ordinary shareholders, so this will eat into overall dividend issued if any post the listing. And the preference shares are issued to no other than the promoters themselves.
The promoters are crooks but the issue managers are even bigger crooks who have done their manipulation job well to dress up this issue look it far better. I will stay away from SPA.