@hbk is HDFC working for you ? when I checked with HDFC sec, they said IPO application can't be done on the FD. Thanks
223.4. hbk| Link| Bookmark|
August 7, 2023 1:57:26 PM
Top Contributor (300+ Posts, 100+ Likes)
On stand alone FD, it won't work. It works with Link FD. FD Linked to Savings account. I read from some senior forrum members on this platform for HDFC. For ICICI it is working for me fine.
Considering 35% share quota for Retail, 15% shni, 20% bhni. And as of now low subscription in Retail 7%, compared to high subscription in shni and bhni, Is it wise to apply in Retail for better allotment chances? @Tejas Pandya@Satyendra IPO Mentor@IPO GURU. And experts plz
Thanks @Tejas Pandya So bhni successful allottee will be 68471 (14 lot each) Shni successful allottee will be 34235 (14 lot each) However retail allottee will be 239650 If above my calculations is roughly correct then chance are more in applying in retail. Plz correct if i am wrong
At 40 PE , this IPO is not a cheap offering , market is giving repeated signals not to rely on Grey Premiums ( highely manupulated ). When in dilemma err in favour of safety. Cap. Market Review , SBFC Finance is one of the fastest growing small business loans focused NBFCs with healthy earnings performance in FY2023. The company has maintained stable asset quality. The revenues of the company jumped 40% to Rs 740.36 crore and net profit galloped 132% to Rs 149.74 crore in FY2023.
The EPS on post-issue equity works out to Rs 1.4 for FY2023. At the price band of Rs 54 to Rs 57, P/E works out to 38.4-40.5 times of EPS for FY2023.
Post-issue, the book value (BV) will be Rs 23.8 at upper price band and adjusted BV (ABV) is Rs 23.2 (net of NNPA). The scrip is being offered at price to Adj BV multiple of 2.5x at the upper price band.
Among peer NBFCs, Five Star Business Finance is trading P/Adj BV (end March 2023) multiple of 4.9x, MAS Financial Services at 3.0x and IIFL Finance at 2.6x.
In terms of P/E, SBFC Finance is offered at 40.5x of EPS for FY2023 at the upper price band. Among peers, Five Star Business Finance is trading at PE of 34.8x of EPS for FY2023. MAS Financial Services at 21.2x and IIFL Finance at 15.7x.
SBFC Finance has exhibited moderate RoE of 8.7% for FY2023, while the RoE was healthy at 13.9% for Five Star Business Finance, 13.4% for MAS Financial Services and 16.7% for IIFL Finance.
The RoA for SBFC Finance was healthy 2.6% for FY2023, while it was robust at 7.0% for Five Star Business Finance. MAS Financial Services has exhibited RoA of 2.6% and IIFL Finance 3.0%.
Bhai to lagaye ki na isme , yatharth me 2 account se retail me dala tha expectation tha mil jaega but ab kushi ho rahi ki nahi mila ....ab sbfc me lagaye ki na lagaye
209.2. Bullish| Link| Bookmark|
August 7, 2023 11:20:17 AM
IPO Mentor (900+ Posts, 600+ Likes)
Isme to laga hi sakte he kuch agar flop bi hoga to 50% profit to de dega ye aur sab acha raha to double listing bi ho sakti he but ye sure he ki ab subscribe kam hoga
208. Jsca| Link| Bookmark|
August 7, 2023 11:13:58 AM
Top Contributor (500+ Posts, 100+ Likes)