Year: 2016

Ujjivan Financial Services is a microfinance company with small finance bank license, and is ready to hit the market with its initial public offering (IPO) on 28th April 2016. Issue Details IPO Open : 28th April 2016 to 2nd May 2016 Issue Price band: Rs 207 - 210 per share Issue Size - Rs 875 - 882 crore Market lot : 70 shares and in multiples of 70 shares Background: Ujjivan Financial Services, which will become the second micro-lender to go public, has already received in-principle approval to set up a small finance bank. Ujjivan is fourth largest among the country's micro finance institutions (MFIs) in terms of assets under management (AUM). Its market share was 7% as on March 2015, Equitas being close at 5%, shows data from CRISIL Research. It commenced its operation in 2005...

Thyrocare Technologies, a pan – India diagnostics chain with focus on preventive and wellness health offerings is set to tap the markets with its initial public offer (IPO).    Update: 30-April-2016 IPO Subscription:   Qualified institutional buyers (QIBs) was oversubscribed 73.18 times, Non-institutional investors received 225.30 times subscription. Retail investors portion was also oversubscribed 8.55 times. IPO Allotment Status:  Not yet alloted IPO Listing Date:  Not yet decided.   Issue Details IPO Open : 27th April 2016 to 29th April 2016 Issue Price band: of Rs 420 – 446 per share Issue Size - Rs 451 – 479 crore Market lot : 33 shares and in multiples of 33 shares   Background: TTL is one of the leading pan-India diagnostics chain with focus on preven...

Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks (SFB), niche lenders aimed at helping small businesses and farmers get easier access to funding. Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.   The Company has three wholly owned operating subsidiaries. These subsidiaries are engaged in financing activities viz.: 1. Equitas Micro Finance P Ltd  - Providing micro l...

As you go into the new financial year, we present you a bunch of stock recommendations from various experts that you can look at with an investment horizon of at least 12 months:   IL&FS Transportation Networks Angel Broking -  With 7 projects expected to commence in next 12 months, Angel Broking expects the debt repayment cycle at a special purpose vehicle (SPV) level to commence, resulting in the overall consolidated D/E levels peaking out at 4.0 times. With concerns over higher D/E levels allayed up to a certain extent, coupled with attractive valuations of 0.3x FY2017E P/BV, the domestic brokerage firm has a buy rating on the stock with a price target of Rs 93. Jagran Prakashan Angel Broking -   Jagran Prakashan is expected to register strong growth supported by an i...

Here are the top 10 stocks recommended from five leading broking firms based on fundamentals. Broker Stock Target CMP Upside Rationale ICICIDirect Bajaj Finserv 2308 1745 32% Bajaj Finserv reported an increase in loan book by 4x from FY2011-15 and also 36 per cent growth in 9MFY16 YoY backed by a surge in earnings. It is the most profitable and efficient player in the sector. The pick-up in the life insurance business could lead to a valuation upgrade. At 11.6x FY2017 estimated earnings, the stock is reasonably valued.  ICICIDirect Mahindra & Mahindra 1470 1195 23% M&M has launched nine vehicles this year. The company was affected by the loss of market share on the automotive side and the sudden decline in farm equipment business in FY2015. However, it has sustained profit...