Hello I am a SBI employee. I received a mail from SBI stating that employees are eligible for a Rs 68 discount. Kindly advise on how can I apply for IPO? Do I need to fill any special form or directly apply through ASBA under employee catgory? What is the maximum amount that I can apply? Is there a separate employee quota or employees also apply under retail quota. Kindly provide your guidance. Thanks in advance.
Sir thanks for your reply. I heard SEBI raised the limit to 5 Lakhs last year. Do you have news? And if no separate formalities are required and I just apply under employee quota, how will SBI know whether or not I am a genuine employee?
137.3. KING VINOD| Link| Bookmark|
September 17, 2017 5:40:42 PM
IPO Guru (2400+ Posts, 5300+ Likes)
As per my knowledge Employee can apply up to 2 Lakhs only. You need to your Pan details.
Under eligible employee category one can apply upto rs. 5 lacs but only in case of under subscription under employee quota u ll get allotment above rs. 2 lacs.
I have also got mail from our bank as I am employee of sbi. We should apply through employee category so can get discount rs.68 and also some listing gain overall rs 100 per share margin for employee category 2000000 share is reserved for sbi employee and sbi life employee we should apply full force instead of icici ipo.
Applying full force is not advisable as minimal listing gains are probable. Also, ICICI is available at cheaper valuations. Considering ICICI prudential IPO which closed 10% down on listing day, this should not be taken as a jackpot.
133. R R Patel| Link| Bookmark|
September 17, 2017 6:26:55 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Its good time for new IPOs that is why many IPOs are in line and we should also get some benefit by choosing good scripts.
So think before applying in an IPO and do some own analysis or read the messages of knowledgeable persons in this forum.
Shouldn''''t apply in every issue. I didn''''t get loss in any IPO by skipping issues like Bharat Road Network Ltd, SIS, GTPL, S Chand, C L Educate, HPL, L&T Tech & Infotech both etc......
By the way i am applying this IPO.
132. gamble| Link| Bookmark|
September 16, 2017 9:58:53 AM
(1600+ Posts, 3900+ Likes)
....SBi life insurance.....
Premium CAgR : 20% REVENUE : 20% NET PROFIT : 11%
@700 ...BASED on 2017 PE 73 .... BASED on 2018 Expected EPS :12-13 (Q1 EPS 3.12) => PE = 54-58
.....2019 PE 48 .....2020 PE 40 (20% growth given)
* lombard is not peer but taken just for valuation comparison.
... So IMO lombard is best choice among all 3 looking at valuation.
......in rii category 19L + forms req so full subscription is not possible appwise under Rii.. Mean full allotment.
....... SBI LIFE GENERAL INSURANCE asking PE 73, Pb 12x based on only 11% CAgR...!! .....grossly overpriced!!
RII to IPOs - '' you ask for milk, we''ll give you pudding,'''' but just go on ''!!
.. ..imo Despite of good mkt share, strong brand name, healthy mkt conditions, future growth, growing business, at this price all Sizzles are priced in (even for 2018/19 also)
Fair value 45-50 PE for 2018 = 540- 600 Rs
..... ConcL. ....
Sell on kostak(now down but wait for some upwards 800-900 best sell), otherwise skip and buy(not mandatory) after a good correction. Or Subscribe for 1.5-2 yrs. Listing gain(2-4%) as per current gmp is possible but i m not seeing any!!
gamble sir, please guide me in BRNL (Bharat road) 3lot Allotted.,any idea about listing ,is it better to book loss at 10am or wait 2,3 days. 2nd Matrimony applied in full forced ,in past many times lead benefitedby ur guidelines. Thanks in advance.
As per ET article icici lombard comeing with 30k crore valuation witch is 50% more then werburg pincus paid in may to prem vatsa stake. SBI life also with 70K valuation which is 52% more then KKR paid in december. what''''s happen in these few months? why they asking 50% more valuation? PLEASE DONT APPLY BLINDLY.
As per ET article icici lombard comeing with 30k crore valuation witch is 50% more then werburg pincus paid in may to prem vatsa stake. SBI life also with 70K valuation which is 52% more then KKR paid in december. what''''s happen in these few months? why they asking 50% more valuation? PLEASE DONT APPLY BLINDLY.
127. R R Patel| Link| Bookmark|
September 17, 2017 11:39:11 AM
IPO Mentor (800+ Posts, 3400+ Likes)
In December-2016 KKR & Co. Lp and Temasek Holdings Pvt. Ltd. bought a 3.9% stake in SBI Life @460 per share. So in just 10 month 52% higher price but i think it justified. Same happen in ICICI Prudential where a deal was done before 8-9 month of IPO @225 per share and IPO price was 334 per share.
So there may be less listing gain but must apply for long term. Everyone has already seen the story of ICICI Pru.
SBI life IPO looks good. But pricing is High. I will put few Application as I am a long term Investors. We cant see much of gain in terms of Listing. One Year Targer 840/-
Promoter are solid and Brand is Good. Growth is 20% CAGR. Hence, Premium is High
Now I don''t need any explanation about your SBI valuation
1. Nasirul Choudhary Aug 16, 2017 8:25:37 PM IST Reply Apex Frozen Foods Ltd IPO
Hello Friends, I will advise you to avoid Apex IPO size is small Valuation is high. Promoter are becoming greedy leaving nothing much on table. Business is quite Simple Nothing Unique Hence Market will not give such premium. Growth is muted Advice to avoid and Wait for Pratap Snaks and Dixon Technology.
Recommend: Better avoid and Add Recent Listed SIS. I value this company at 140-155 Range
Don''t mess with Choudhary sahab juju. He has given his expert tips on almost every ipo open for subscription. Pata nahin woh khud apply karenge ki nahi. He thinks everybody subscribes on his opinion.
123.4. AKH| Link| Bookmark|
September 16, 2017 5:48:56 AM
IPO Mentor (900+ Posts, 700+ Likes)
@juju
just because of people like you many experts left the forum. even SPTulsian said live on TV that he dont wish to give any kind of targets of any stock as if stock fell down below the price people do adverse comments. according to SPTulsian valuation of CDSL is not justified above 250 but its trading above 330 so its just bull market side effects. my advise to you try to respect each and everyone''s comment
123.5. AKH| Link| Bookmark|
September 16, 2017 5:50:38 AM
IPO Mentor (900+ Posts, 700+ Likes)
if you dont need his explanation then avoid the comment it wasnt posted just for you... there are many who may follow him
123.6. juju| Link| Bookmark|
September 16, 2017 8:48:58 AM
(300+ Posts, 300+ Likes)
Nasirul ji I didn''t meant to ridicule you or demean you, in my second message words chosen are wrong, for that I am sorry My intention was just to show that every advice has to be taken with pinch of salt.
Umang- Of course I am not messing with him, rather I would love to learn great deal of knowledge from him. I just posted his last message to show, where his recommendation went, and may be he will then share , what was the mistake , so that we all can learn some more
AKH- People like me? , Pardon sir, but as far as I remember I didn''t ridiculed any one. Here it might look so because of words , for that I am extremely sorry. But believe me, I too don''t want anyone to leave this forum.I follow everyone.
Growth of top line may be there, but what about bottom line? Is it also growing?It is stagnant which shows that margins r reducing. I will say all companies r becoming greedy and trying to loot the investors, a situation similar to Reliance power issue.Be very careful
WHICH CITY KOSTAK 700 PLS TELL US I SELL MORE APP.
122. Rkg| Link| Bookmark|
September 16, 2017 5:08:31 PM
Top Contributor (500+ Posts, 200+ Likes)
What is the cutoff date for shareholders eligibility.
121. KING VINOD| Link| Bookmark|
September 16, 2017 3:12:23 PM
IPO Guru (2400+ Posts, 5300+ Likes)
Very Less Risk Investors can take a call on SBI Life IPO on last day around 2 clock based on subscription Figures Long Term Investors can apply this IPO