#Tamilnad Mercantile Bank IPO Subscription

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Tamilnad Mercantile Bank IPO: तमिलनाड मर्केंटाइल बैंक के आईपीओ को निवेशकों का फीका रेस्पांस

Tamilnad Mercantile Bank IPO: तमिलनाड मर्केंटाइल बैंक के आईपीओ को निवेशकों का फीका रेस्पांस

Tamilnad Mercantile Bank IPO Subscription: देश के सबसे पुराने बैंकों में से एक तमिलनाड मर्केंटाइल बैंक (Tamilnad Mercantile Bank) का आईपीओ आज बंद हो गया. तमिलनाड मर्केंटाइल बैंक के आईपीओ को फीका रेस्पांस मिला है.  आईपीओ कुल 2.86 गुना ही सब्सक्राइब हो सका है. हालांकि रिटेल निवेशकों की तरफ से आईपीओ को शानदार रेस्पांस मिला है.  कितना हुआ सब्सक्राइब तमिलनाड मर्केंटाइल बैंक में संस्थागत निवेशकों की ओर…

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Private lender Tamilnad Mercantile IPO subscribed over THIS MUCH times on second day

Private lender Tamilnad Mercantile IPO subscribed over THIS MUCH times on second day

The IPO of Tuticorin-based private bank received an 83 % subscription on the first day on Monday. The bank mobilized a little over Rs 363 crore from anchor investors on Friday.  source https://zeenews.india.com/companies/private-lender-tamilnad-mercantile-ipo-subscribed-over-this-much-times-on-second-day-2506831.html

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Tamilnad Mercantile Bank IPO opens for subscription on September 5

Tamilnad Mercantile Bank IPO opens for subscription on September 5

The initial public offering (IPO) of the Tamilnad Mercantile Bank Ltd will open for subscription on September 5 and close September 7, the latest in the line of companies looking to go public. The IPO is a fresh issue of 1.58 crore shares.  Axis Capital, Motilal Oswal, SBI Capital Markets are the lead managers to the issue. One of the oldest private sector banks in the country, Tamilnad…

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These IPOs with connections to Jhunjhunwala and Ambani are eyeing the market

Trade Nivesh The last two years have been very sluggish for the primary market. In such a situation, investors are waiting for IPOs of many well-known companies. These companies range from industrialists like Mukesh Ambani to investors like Rakesh Jhunjhunwala and cricketers like Mahendra Singh Dhoni.

Experts say that there is a lot of buzz in the stock market regarding these companies. These companies can present their issue. Investors are investing in these stocks to scrutinize hidden volumes through unlisted markets.

The balance sheet of these companies is quite solid and the financial position is also strong. This is the reason for interest in these stocks. ET markets have brought some such well-known companies, which are making headlines in the unlisted market. It may launch its IPO in the next 18 months: Trade Nivesh

| HDB Financial Services (HDBFS) | Current Price: Rs 1,050 |

This HDFC group company has achieved a different position in the NBFC market. This stock has a lot of name in the market. Started in the year 2008, this NBFC is full of retail and commercial customers. Its business loans, BPO services and fee based products are its strengths.

The company's base is quite strong. The company's long-term debt and bank facility has an AAA rating from CRISIL and CARE ratings. Its short-term debt and commercial papers have been given A1 + rating. It is a reliable financial institution.

Experts advise: Sagar Shah of Ascent Wealth Advisors believes that this company can prove to be a good bet in the NBFC sector. Despite expensive valuations, the company has the potential to register good growth. Its balance sheet is attractive.

Shah said, "People are buying this stock from the unlisted market at a much higher price because its IPO is expected to be subscribed for many times. In such a situation, they can profit from this share at the time of listing."

| Najara Technologies | Current Price: Rs 650 |

Mumbai-based Najara Technologies makes mobile-based games. The company is active in India, East Asia, Africa, Southeast Asia and Latin America. The company is active in the subscription, freemium and eSports businesses.

It also has two associate companies - Next Wave Multimedia and NodeWin Gaming. Legendary investor Rakesh Jhunjhunwala also has a stake in this company. Its major games include World Cricket Championship, Chhota Bheem Race and Mota-Patlu Game.

Experts advice: Dinesh Gupta of UnlistedZone believes that recently the company has lost some attraction. The company has been very aggressive in acquiring. It has recently acquired quiz app Sports Unity.

| Tamilnad Mercantile Bank (TMB) | Current Price: Rs 600 |

This bank was earlier also known as Nadar Bank. The bank has a network of 500 branches and also has 12 regional offices across India. All banks are computerized and interlinked. This bank coming from South India has its presence all over India.

Experts' advice: Experts have a mixed opinion on this stock. According to Sandeep Ginodia of Abhishek Securities, the stock is available at 1.25 times its book value. Due to its strong loan book, there are high expectations from it.

However, Dinesh Gupta of Unlisted Zone has a different opinion. They believe that the recent events in Yes Bank and RBL Bank may have given a blow to this bank. There are better options available in the market.

| Reliance Retail | Current Price: Rs 600 |

Reliance Retail is the largest retail company in India. The Mukesh Ambani-led company operates through Reliance Fresh, Reliance Smart, Reliance Market Store, Reliance Digital, Mini Express Stores and Jio Stores. Its total turnover is 1.3 lakh crores.

The company also runs a webstore named Reliance Trends, Reliance Women, Reliance Jules, Reliance Footprint and Azio (Ajio). According to the data as on 31 March 2019, this unit of Reliance Industries has 10,415 stores in 6,600 cities and towns across the country with a total area of ​​more than 22 lakh sqft.

Expert advice: Sagar Shah of Ascent Wealth believes that the stock price is much higher than its rival Avenue Supermarts. Reliance does business on a very large scale, in which there is always pressure on margins.

Shah said, "The promoter of the company is very strong and retail congestion in India will benefit immensely." Both Shah and Ginodia called the stock a great option in the long run.

| Studs Accessories | Current Price: Rs 700 |

Studs is one of the world's largest two-wheel helmet manufacturers. It has a market share of 25 percent in India. The company was started in the year 1983. Both production units of the company are located in Faridabad, Haryana, spread over six acres of land.

The company's products go to 39 countries. In the last three years, the company has launched 36 new products in seven sizes. The company also manufactures items such as jackets, gloves and glass for two-wheelers. The company has filed an IPO petition after Sebi.

Experts advice: Gupta believes that this company will benefit the most from the new Motor Vehicles Act. The demand for helmets is very high in the market and the company has the largest market share. Heavy fines are also being imposed on non-ISO recognized helmet producers.

| Chennai Super Kings | Current Price: Rs 30 |

The shares of Chennai Super Kings are gaining a lot of headlines amid reports of former India captain Mahendra Singh Dhoni's retirement. This team has won the IPL title three times. The stock, which ranged between Rs 12 and 15 in 22 months, had achieved a level of Rs 30-35 by mid-April.

Experts' advice: Both Ginodia and Shah find this stock quite attractive. According to Ginodia, the company's tax-after-profit (PAT) estimates for FY 2018-19 were favorable. However, Shah believes that brand value may decrease after Dhoni's departure, but the stock is good right now.

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Jhunjhunwala, Ambani, Dhoni & much of D-Street awaiting these big-bang IPOs

After two long lethargic years, the domestic primary market is keenly awaiting some renowned firms to get listed.

These companies have the who’s who of India Inc and Dalal Street associated with them: from India’s top industrialist Mukesh Ambani to Big Bull Rakesh Jhunjhunwala and cricketing biggie MS Dhoni.

Market watchers say a frenzy is already building up in anticipation of an imminent listing of these stocks. Investors are rushing in to the unlisted market to buy these stocks before value unlocking begins.

Some of these firms have strong balance sheets and credible financials to support this frenzy.

ETMarkets.com collated a list of the unlisted names that have been buzzing in the grey market in recent weeks amid talks that they may get listed over the next 18 months.

HDB Financial Services (HDBFS) | Current unlisted market share price: Rs 1,050

With the strong parentage of HDFC group, HDB Financial Services is a leading NBFC stock buzzing in the grey market and seeing a lot of demand from investors. Incorporated in 2008, the NBFC caters to both retail and commercial clients. It has a well-established business of loans, fee-based products and BPO services with a strong capital base. It has been accredited with an ‘AAA’ rating for it long-term debt and bank facilities by CRISIL and Care Ratings. Its short-term debt and CPs are rated A1+, which makes it a reliable financial institution.

Expert Take: Sagar Shah of Ascent Wealth Advisors believes it is a good NBFC bet. Despite expensive valuations, it is poised to grow with a clean and strong balance sheet.

“People are buying this stock in the unlisted market at a premium. It is highly likely that the IPO will get robust over-subscription. Thus, there is this buoyancy,” he said.

Nazara Technologies | Current unlisted market share price: Rs 650

Mumbai-based Nazara Technologies is one of the leading mobile games companies operating in India, West Asia, Africa, Southeast Asia and Latin America. Its operations comprise subscription, freemium and Esports businesses.

The company has independent subsidiaries, named Next Wave Multimedia and NODWIN GAMING.

Big Bull Rakesh Jhunjhunwala is backing this venture, which is credited with some of the most popular games on Google play store, such as World Cricket Championship, Chhota Bheem Race and Motu Patlu Game.

Expert Take: Dinesh Gupta of Unlisted Zone says the company has lost some of its lustre lately. However, it has been aggressive in acquisition, having recently acquired a stake worth Rs 7.5 crore in India’s leading quiz app Sports Unity.

Tamilnad Mercantile Bank (TMB) | Current unlisted market share price: Rs 370

Formerly known as The Nadar Bank, this lender has over 500 branches and 12 regional offices across the nation. All the branches are computerised and interconnected. Hailing from Tamil Nadu, the bank has strong roots in south India.

Expert Take: This stock has been getting mixed reaction from market experts. Sandip Ginodia of Abhishek Securities finds TMB a valuable bet. “The stock is available at 1.25 times book value. A robust loan book is keeping the estimates highs,” he said.

Gupta of UnlistedZone said developments in YES Bank and RBL Bank have led to a carnage of this stock in the unlisted market as there are better bets in the market.

Reliance Retail | Current unlisted market share price: Rs 750

Reliance Retail, a part of Reliance group, is the largest retail company in India. The Mukesh Ambani-led venture operates Reliance Fresh, Reliance Smart and Reliance Market Stores, and has a turnover of Rs 1.3 lakh crore. It also operates all Reliance Digital, Mini Express Stores and Jio Stores.

Alongside, it also runs Reliance Trends, Trends Women, Reliance Jewels, Reliance Footprints and fashion website Ajio.

According to its annual report of FY19, the subsidiary of Reliance Industries had 10,415 stores in over 6,600 cities and towns of India, with total area over 22 million sq. ft. as of March 31, 2019.

Expert Take: Shah of Ascent Wealth believes the stock valuation is very high compared with its peer Avenue Supermarts. Reliance Retail is operating at a massive scale, which maintains constant pressure on margins. “The company has a very strong promoter. The retail story is set to prosper in India.”

He and Ginodia gave this stock a thumbs-up from a long-term perspective.

Studds Accessories I Current unlisted market share price: Rs 700

Studds is one of the largest two-wheeler helmet manufacturers in the world. It has a 25 per cent market share in India, boasting safety, comfort and style.

Incorporated in 1983, the company has two manufacturing facilities spread over 6 acres in Faridabad, Haryana.

The company has its presence in 39 countries and launched 36 new products in last three years in seven different sizes. The company also manufactures two-wheeler accessories such as jackets, gloves and glasses. The company has already filed DHRP with Sebi.

Expert Take: Gupta said Studds would be the biggest beneficiary of the new Motor Vehicles Act. There is high demand for helmets in the market and the company has biggest market share. He pointed out that non-ISO-certified helmet manufacturers are soon going to be fined heavily.

Chennai Super Kings (CSK) | Current unlisted market share price: Rs 26

Unlisted shares of this IPL franchise have been drawing lot of attention amid rumours surrounding possible retirement of MS Dhoni. CSK has been the most successful franchise of the IPL, winning the title thrice. The unlisted scrip traded in the Rs 12-15 range in the last week of November, 2018, and then jumped to Rs 30-35 by mid-April 2019.

Expert Take: Ginodia and Shah find the stock very attractive. Ginodia said the company’s FY19 PAT was on the expected lines. Shah, however, suspects a dip in brand value after Dhoni retires. But, he too, finds the stock performance at par.

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from CVR News Direct https://cvrnewsdirect.com/jhunjhunwala-ambani-dhoni-much-of-d-street-awaiting-these-big-bang-ipos/