IPO Updates 2017

HDFC Standard Life Insurance

Industry : Insurance

Open Date : 7th Nov.2017

Close Date : 9th Nov. 2017

Total Fund Raised : 8695 Cr

Price Band : Rs 275 - Rs 290 Per Equity Share

Lot Size : 50 Shares

Total Share : 29.98 crore shares

Minimum fund Req. : 14500 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 650 Shares )

Face Value : INR 10 per share

Total Assets : ₹ 365,668.25 million ( As on 31 March 2017)

Company Promoters : 1. HDFC 2. Standard Life (Foreign company)

Allotment Date : 14th Nov. 2017 (Approx)

Listing Date : 16th Nov. 2017 (Approx)

Listing Exchange : NSE, BSE

About Company

HDFC Life is a joint venture between HDFC and Standard Life Aberdeen plc. The company has a pan-India presence with 414 branches across India as of 30th Sept 17 supported by a manpower of 16,544 full-time employees. Company selling Its life insurance products through diversified distribution network which comprises four distribution channels, namely bancassurance, individual agents, direct, and brokers and others. In FY12, it established a wholly-owned subsidiary, HDFC Pension, to operate its pension fund business under the National Pension System (NPS). And in FY16, the company established its first international wholly-owned subsidiary in the UAE, HDFC International, to operate its reinsurance business.

HDFC Life IPO review: As compare to others insurance cos HDFC life PE ratio is high but its market share and brand value is also creating difference the shareholding of HDFC and Standard Life Mauritius will reduce to 51.69% and 29.35%, respectively. The domestic financial institution plans to sell 191,246,050 shares while Standard Life Mauritius plans to offload 108,581,768 shares. Average cost of acquisition of HDFC and Standard Life is INR10.71 and INR41.79 per share, respectively which means that both will reap multifold returns.

Peer Companies

ICICI Prulife

SBI life Insurance

New India Insurance Co.

Khadim India Ltd IPO

Industry : Footwear Company

Open Date : 2nd Nov.2017

Close Date : 6th Nov. 2017

Total Fund Raised : 543 Cr

Price Band : Rs 745 - Rs 750 Per Equity Share

Lot Size : 20 Shares

Total Share : 6,574,093 Equity Shares

Minimum fund Req. : 15000 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 260 Shares )

Face Value : INR 10 per share

Total Assets : ₹ 365,668.25 million ( As on 31 March 2017)

Company Promoters : CMD Siddhartha Roy Burman and Knightsville Private Limited

Allotment Date : 13th Nov. 2017 (Approx)

Listing Date : 16th Nov. 2017 (Approx)

Listing Exchange : NSE, BSE

About Company

Khadim's is 2nd largest footwear company in India with strong presence in East and South India. it has now 853 branded exclusive retail stores in 23 states and Union territories. The company, through its store in malls and high street places, target middle and upper middle group looking for fashionable footwears. Also, through its retail chain in tier I and tier II cities, it targets lower and middle income groups. This is categorised under retail business and contributes ~70% to the revenue. Indian footwear market is expected to grow at a CAGR of 15% over FY16-20. This growth is likely to be driven by rising share of women’s footwear. The market, as of now, is dominated by men’s footwear (54%), which will give way to women’s and children’s wear.

Peer Company

Bata India Limited

Liberty Shoes Limited

Relaxo Footwears Limited

New India Assurance

Industry : Genral Insurance Company

Open Date : 1st Nov.2017

Close Date : 3rd Nov. 2017

Total Fund Raised : 9600 Cr

Price Band : Rs 770 - Rs 800 Per Equity Share

Lot Size : 18 Shares

Total Share : 120,000,000 Equity Shares

Minimum fund Req. : 14400 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 234 Shares )

Face Value : INR 5 per share

Total Assets : ₹ 365,668.25 million ( As on 31 March 2017)

Company Promoters : Govt. of India

Allotment Date : 10th Nov. 2017 (Approx)

Listing Date : 13th Nov. 2017 (Approx)

Listing Exchange : NSE, BSE

About Company

The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India. NIA has comfortably maintained its first position across key parameters such as net worth, gross domestic premium and branch strength. And in major product categories. The company had 2,452 offices and 68,389 individual insurance agents in India in June 2017. It also has overseas operations in 28 countries contributing 14.2% to total gross written premium (GWP) in FY17.

Mahindera Logistics

Industry : Logistics Company

Open Date : 31st Oct. 2017

Close Date : 2th Nov. 2017

Total Fund Raised : 829 Cr

Price Band : Rs 425 - Rs 429 Per Equity Share

Lot Size : 34 Shares

Total Share : 19,332346 Equity Shares

Minimum fund Req. : 14586 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 442 Shares )

Face Value : INR 10 per share

Total Assets : ₹ 8167.10 million ( As on 31 March 2017)

Company Promoters : Subsidiary of Mahindra & Mahindra

Allotment Date : 8th Nov. 2017 (Approx)

Listing Date : 10th Nov. 2017 (Approx)

Listing Exchange : NSE, BSE

About Company

Mahindra Logistics, the 3rd party logistics (3PL) solutions provider, is a part of the Mahindra Partners Division of the Mahindra Group. It operates in two distinct business segments - supply chain management (SCM) and corporate people transport solutions (PTS). Through its SCM business, the company offers customised and end-to-end logistics solutions and services including transportation and distribution, warehousing, in-factory logistics and value added services to clients. It has a large network of over 1,000 business partners providing it vehicles, warehouses and the other assets and services for the SCM business. Certain key clients for the SCM business include Volkswagen India, Vodafone India, Thermax, JSW Steel, Ashok Leyland, Siemens, Bosch, BMW India, 3M India, and Mercedes-Benz India.

Reliance Nippon Life Asset Management Ltd

Industry : Mutual Fund Company / AMC

Open Date : 25th Oct. 2017

Close Date : 27th Oct. 2017

Total Fund Raised : 1,542.24 Cr Cr

Price Band : Rs 247 - Rs 252 Per Equity Share

Lot Size : 59 Shares

Total Share : 61,200,000 Equity Shares

Minimum fund Req. : 14868 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 767 Shares )

Face Value : INR 10 per share

Total Assets : ₹ 20198.10 million ( As on 31 March 2017)

Company Promoters : Reliance Capital (Anil Ambani) & Nipon Life Insurance

Allotment Date : 1st Nov. 2017 (Approx)

Listing Date : 6th Nov. 2017 (Approx)

Listing Exchange : NSE, BSE

About Company

Reliance Nippon Life Asset Management Ltd is Mumbai, India based asset management company. Company has market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India. Reliance Capital is NBFC company having business of asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. Company has assets of over USD 577.00 billion.

Reliance Nippon Life AMC is involved in managing

1. Mutual funds (including ETFs);

2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds

3. Offshore funds and advisory mandates.

Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes. Company has a network of 171 branches and over 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors as of June 30, 2017

General Insurance Corporation of India

Industry : General Insurance

Open Date : 11th Oct. 2017

Close Date : 13th Oct. 2017

Total Fund Raised : 11,372.64 Cr

Price Band : 855 - 912 Rs

Lot Size : 16 Shares

Total Share : 124,700,000 Equity Shares

Minimum fund Req. : 14592 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 208 Shares )

Face Value : INR 5 per share

Total Assets : ₹ 485,269.54 million ( As on 31 March 2017)

Company Promoters : Govt. Company

Listing Date : To be updated

Listing Exchange : NSE, BSE

About Company

GIC is going to raise 11,370 crore and would be India's second biggest IPO ever after Coal India's Rs 15,200 crore issue in October 2008. GIC Re is the largest reinsurance company in India and accounted for about 60% of the premiums ceded by Indian insurers to reinsurers during fiscal 2017, according to Crisil Research.The company offers reinsurance services in key businesses such as fire (property), marine, motor, engineering, agriculture, aviation, health, liability, credit and financial liability, and life insurance.GIC Re also plans to acquire a reinsurance company that is a member of Lloyd’s of London. The IPO of GIC Re will see a total stake dilution of 14.22%.

Indian Energy Exchange

Industry : Exchange / Online Trading

Open Date : 09th Oct. 2017

Close Date : 11th Oct. 2017

Total Fund Raised : 1001 Cr

Price Band : 1645 - 1650 Rs

Lot Size : 9 Shares

Total Share : 6,065,009 Equity Shares

Minimum fund Req. : 14850 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 117 Shares )

Face Value : INR 10 per share

Total Assets : ₹ 5517 million ( As on 31 March 2017)

Company Promoters : Professional Manage no single Promoters

Listing Date : To be updated

Listing Exchange : NSE, BSE

About Company

Indian Energy Exchange is the largest exchange for the trading of a range of electricity products in India. IEX is amoung 2 exchanges in India that offer an electronic platform for the trading of electricity products. IEX has over 5800 participants registered on its Exchange of which over 3,500 participants were active as of March 2017.IEX is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act, 2013.Company was initially promoted by Financial Technologies (India) Limited and PTC India Financial Services Limited (PFS). They currently hold no Equity Shares in the company.Dalmiya Cement Bharat owns 15% and TVS 10% in the market. Other investors of the company, like Aditya Birla Group’s private equity arm, Madison India Capital, and Renuka Ramnath-led Multiples Alternate Asset Management would be paring their holdings.

MAS Financial Services Ltd

Industry : NBFC Company

Open Date : 06th Oct. 2017

Close Date : 10th Oct. 2017

Total Fund Raised : 460 Cr

Price Band : 456 - 459 Rs

Lot Size : 32 Shares

Minimum fund Req. : 14688 (For 1 Lot)

Max Can apply : 2 lakh (13 lot or 416 Shares )

Face Value : INR 10 per share

Company Value : ₹3,836.01 million ( As on 30th June 2017)

Company Promoters : Mr.Kamlesh Chimanlal Gandhi

Listing Date : To be updated

Listing Exchange : NSE, BSE

About Company

Gujarat- headquartered non-banking financial company (NBFC) MAS Financial Services is NBFC Company operated across six States and in Delhi through 119 branches. As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customer. MAS Financial offer product and services under 5 categories:

1. Micro-enterprise loans

2. SME loans

3. Two-wheeler loans

4. Commercial Vehicle loans

5. Housing loans

It has grown its AUM at a CAGR of 33.37%, from ₹1053.1 crore in FY13 to ₹3332.6 crore in FY17. The company derives significant revenue from Gujarat and Maharashtra. It has also expanded its presence in Madhya Pradesh, Karnataka, Rajasthan, Delhi and Tamil Nadu.

Godrej Agrovet Ltd

Industry : Agri Business

Open Date : 04th Oct. 2017

Close Date : 06th Oct. 2017

Total Fund Raised : 1160 Cr

Total Share : 18.82 million shares

Price Band : 450 - 460 Rs

Lot Size : 32 Shares

Minimum fund Req. : 14720 (For 1 Lot

Max Can apply : 2 lakh (13 lot or 416 Shares )

Face Value : INR 10 per share

Company Value : 19438 Crores ( As on 31st March 2017)

Company Promoters : Mr Nadir B. Godrej and Mr Adi B. Godrej

Listing Date : To be updated

Listing Exchange : NSE, BSE

About Company

Eastablished in 1991, Godrej Agrovet is India based agri-business Company offering products including Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. Godrej Agrovet is leading animal feed company and the largest crude palm oil producer in India. This will be the first public offer of Godrej group in 8 years.Main Business : 1. The Animal feed business 2. Crop protection business 3. Oil Palm business 4. The dairy business 5. Poultry and vegetarian productsThe animal-feed producer Godrej Agrovet will sell new shares worth up to Rs 292 crore, while its main shareholder Godrej Industries will sell secondary shares of an amount worth Rs 300 crore. A unit of Singapore’s Temasek Holdings will sell up to 1.23 crore shares, which at the upper end of the price range would be worth Rs 566 crore

SBI Life Insurance

Industry : Life Insurance

Open Date : 20th Sept. 2017

Close Date : 23th Sept. 2017

Total Fund Raised : 8400 Cr

Total Share : 12 Crores Share

Price Band : 685 - 700

Lot Size : 21 Shares

Minimum fund Req. : 14700 (For 1 Lot

Max Can apply : 2 lakh (13 lot or 273 Shares )

Face Value : INR 10 per share

Company Value : 70000 Crores ( As on 31st March 2017)

Listing Date : 3rd Oct 2017

Listing Exchange : NSE, BSE

About Company

SBI Life Insurance is a joint venture between India's largest lender SBI and BNP Paribas Cardif (BNPPC) -- the insurance holding company of France.SBI holds 70.10 percent in SBI Life and BNPPC 26 percent. Minority shareholders Value Life Pte, an affiliate of KKR Asian Fund and MacRitchie Investments Pte, a wholly-owned subsidiary of Temasek Holdings, hold 1.95 percent each.The objects of the issue to achieve the benefits of listing and enhance the SBI Life brand name and provide liquidity to the existing shareholders.

ICICI Lombard Genral Insurance

Industry : Genral Insurance

Open Date : 15th Sept. 17

Close Date : 19th Sept.

Total Fund Raised : 5700 Cr

Total Share : 86,247,187 shares

Price Band : 651 - 661

Lot Size : 22 Shares

Minimum fund Req. : 14524-/ For 1 Lot

Max Can apply : 200000-/ 13 Lot or 286 Shares

Face Value : INR 10 per share

Company Value : 20300 Crores

About Company

ICICI Lombard founded in 2001 and isa leading private sector general insurance company.It is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited. ICICI Bank has 63.31 per cent and Fairfax will be approximately 22.13 per cent. The IPO will help Fairfax get approval for second general insurance company. Company offers a range of insurance products such as motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance.

Capacit'e Infraprojects ltd.

Industry : Infrastructre

Open Date : 13th Sept. 17

Close Date : 15th Sept.

Total Fund Raised : 400 Cr

Total Share : 16 Million

Price Band : 245 - 250

Lot Size : 60 Shares

Face Value : Not Confirm

About Company

The company, which is promoted by Rohit Katyal and Rahul Katyal, will utilize the proceeds from the issue for funding working capital requirements, funding purchase of capital assets and for general corporate purposes.

Dixon Technology

Industry : Consumer Electronics

Open Date : 06th Sept. 17

Close Date : 8th Sept.

Total Fund Raised : 600 Cr

Total Share : 30,53,675 Equity Shares

Price Band : 1,760-1,766

Lot Size : 8 Shares

Face Value : 10 Rs

About Company

Dixon Technologies, a consumer electronics and lighting product manufacturer, today filed draft papers with market regulator Sebi to raise an estimated Rs 600-650 crore through initial public offering.Proceeds from the issue will be utilised for setting up a unit for manufacturing of LED TVs at the Tirupati facility, enhancement of backward integration capabilities in the lighting products vertical at Dehradun facility and upgradation of the information technology infrastructure. Besides, the funds will also be used for repayment of loans and for general corporate purposes. IDFC Bank, IIFL Holdings, Motilal Oswal Investment Advisors and Yes Securities are the book running lead managers to the issue.

Bharat Road Network Ltd

Industry : Construction

Open Date : 06th Sept. 17 (Apporx)

Close Date : 09th Sept. Approx

Total Fund Raised : 600 Cr

Total Share : 2.93 Cr.

Price Band : 195 - 205

Lot Size : 73 Shares

About Company

Bharat Road Network is a road build-operate- transfer BOT company in India focused on development, implementation, operation, and maintenance of roads and highways projects. The company is involved in the development, operation and maintenance of national and state highways in several states in India with projects in Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

Matrimony.com

Industry : Marrige Beuro

Open Date : 11th Sept. 17 (Apporx)

Close Date : 13th Sept. Approx

Total Fund Raised : 500 Cr

Total Share : 3 Cr.

Price Band : 683 to 685

Lot Size : 15 Shares

Minimum fund Req. : 10275 RS

Max Can apply : 19 Lot / 285 Share (2 Lakh in Retail category)

Face Value : INR10 per share

About Company

Matrimony.com was launched in 2001 to provide online matchmaking and marriage services. According to their website, the company has over 3,500 employees at 140 branches across India. The company operates multiple portals such as BharatMatrimony.com, communityMatrimony.com and EliteMatrimony.com.

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