2016 - Wealth18.com

Sep152016 by wealth18.comNo Comments

L&T Technology IPO Review – L&T Tech Services Allotment Status, Listing Date, Price

Stocks

Update Day 3 - Oversubscribed 2.48 times . QIB 5 times , NII 1.03 times, Retail 1.8 times Update 13-Sep-2016 (Day 2) - Subscribed only 71% on the day 2 Update 12-Sep-2016 (Day 1) - Subscribed only 18% on the day 1 - QIB 28%, NII 2%, Retail 19% L&T Technology Services is coming with IPO issue on 12th Sep. Issue Details Issue Open: Sep 12, 2016 - Sep 15, 2016 Issue Price: Rs. 850 - Rs. 860 Per Equity Share Issue Size: Offer for Sale of 10,400,000 Equity Shares of Rs 2 aggregating up to [.] Cr Face Value: Rs 2 Per Equity Share Minimum Order Quantity / Market Lot: 16 Shares Background L&T Technology Services Ltd is third-party ER&D (Engineering, Research and Development) service provider . L&T Tech provide services to manufacturing, technology and process e...

Sep142016 by wealth18.comNo Comments

[How to] check LIC policy details & status online, sms & phone

Featured, How to Series, Insurance

If you have an LIC policy and you can check details / status of your LIC policy via LIC portal (www.licindia.in) , by phone or by SMS. You can check the status of your LIC policy online by policy number, make the premium payment online, print receipt, check premium payment calendar, surrender value details, bonus etc. Policyholders can enroll policies on their own life only. If the policy pertains to a different person viz. spouse, children etc, then he/she is requested to register a separate user-id and enroll the respective policy/ies under that user-id. -------------------------------------------------------------------------------------------------------------------------- A. How to check the LIC Policy Status Online – on LIC Portal (www.licindia.in) You just need to follow simple st...

Sep102016 by wealth18.comNo Comments

LIC Bonus Rates for 2016- 2017

Insurance

If you have Traditional Life Insurance Policies of LIC (like Endowment Policies, Money Back Policy etc), then you should keep track of Bonus declared by LIC every year. These bonuses form the major portion of the returns from such policies. Every year LIC declares the reversionary bonus. Where applicable, Final additional bonus (FAB) and Loyalty addition (LA) are also declared with reversionary bonus rate. On its 60th anniversary, LIC has also declared the One time Diamond Jubilee Bonus. LIC Bonus Rates for 2016- 2017 (Revisionary) Plan Name Term (years) Reversionary Bonus Rates (Per 1000 Sum assured) Comaprison from Last year's Bonus 2015-2016 2016-2017 Whole life type ( plans 2, 5, 6, 8, 10, 28 (before conversion), 35, 36, 37, 38, 09, 77, 78, 85.86) NA 70 70 No ...

Aug172016 by wealth18.comNo Comments

RBL Bank IPO – Ratnakar Bank IPO – Review, Details, Opening date, Price

Stocks

RBL Bank (formerly called Ratnakar Bank) will open its initial public offer (IPO) on August 19, at a price band of Rs 224-225 per share. The company is planning to raise over Rs 1,200 crore. This is the first Indian bank IPO in last 6 years. Issue Details Issue Dates : Aug 19 to Aug 23 2016 Price Band: Rs 224 - 225 per share Bid lot: 65 equity shares or multiples thereof Overall issue size: 5.4 crore shares Face Value - Rs 10 Book Managers - Kotak Mahindra Capital, Axis Capital, CitiGroup, Morgan Stanley India, HDFC Bank, ICICI Sec, IDFC Sec, IIFL, SBI Cap Grey Market price: In the grey market, the RBL IPO is trading at approx Rs 50 premium now (GMP) . So there is a potential listing gain for that amount. Please note this is just an estimate price. Background RBL Bank Ltd ...

Aug12016 by wealth18.comNo Comments

Top Stocks to benefit from GST Bill Implementation –

Stocks

The Goods and Services Tax (GST) bill is expected to be passed in the coming session of Parliament. Sectors like FMCG, auto, cement, light electrical, multiplexes, retail and logistics could be some of the key beneficiaries of India's biggest tax reforms. Even though the implementation of GST is some time away (April 1, 2017), stocks may start discounting the impact sooner than expected. Sectors such as logistics, auto, consumer staples, hospitals, appliances and manufacturing are likely to benefit most from GST. CMP 52 Low CMP up from Low 52 High Distance from high Logistics Gati 181 94 93% 206 14% TCI 371 207 79% 384 4% VRL Logistics 355 253 40% 478 35% AllCargo 212 135 57% 428 102% Gateway Distriparks 266 205 30% 378 42% Concor 1508 10...

Aug12016 by wealth18.comNo Comments

Dilip Buildcon Limited IPO – Details, Review, opening date, price, listing date, subscription

Stocks

Day 1 Subscription - On the first day of the issue, it is subscribed only 7% Dilip Buildcon has announced its IPO opening on 1st Aug. The IPO comprises fresh issue of shares aggregating up to Rs. 430 crore and offer for sale of 11.36 lakh shares held by its promoters Dilip Suryavanshi and Devendra Jain, and private equity fund BanyanTree Growth Capital. Grey Market Premium IPO Grey Market Premium (GMP) helps in deciding the premium of the IPO Shares on listing day. It is just an estimate. With the Price Band of Rs. 214 – Rs. 219 fo r Dilip Buildcon IPO current Grey Market Premium is between Rs 30 – Rs 40 per equity share which converts to approx 18% Premium on the price of upper band. Note: This is just an estimate. Issue Details IPO Open : 1st - 3rd Aug 2016 Issue Pric...

Jul312016 by wealth18.comNo Comments

S P Apparels IPO – Review, Details, opening date, price, listing date, subscription

Stocks

S P Apparels IPO is opening for subscription from Aug 2 to Aug 4 at a price band of Rs 258-268 per share. Grey Market Premium: IPO Grey Market Premium (GMP) helps in deciding the premium of the IPO Shares on listing day. It is just an estimate. With the Price Band of Rs. 258 - 268 for S P Apparels IPO, current Grey Market Premium is between Rs 10-11 per equity share which converts to approx 4% Premium on the price of upper band. Note: This is just an estimate. Issue Details IPO Open : 2nd Aug to 4th Aug 2016 Issue Price band: Rs 258 - Rs 268 per share Issue Size: Rs 215 crore Market lot : 55 Minimum Investment : Rs 14740 at upper price band Lead Managers : Motilal Oswal, Centrum Background: S P Apparels, a manufacturer and exporter of knitted garments based in Tirupur. ...

Jul312016 by wealth18.comNo Comments

FREE CIBIL report – once in a year

News

CIBIL will be providing a FREE credit score report once a year from Dec 2016. The Credit Information Bureau of India (CIBIL) will by December put in place an online system for individuals to download their data. Citizens will be able to get a free copy once a year of their individual credit history , based on which banks decide whether to provide a loan or not. At present, borrowers have to pay Rs 550 to obtain a CIBIL report. However, the free report will not include the Credit Score but will enable individuals to get an idea of their credit history submitted by banks. They will also be able to raise a dispute if the lender has submitted incorrect information to the bureau. If you want to check the CIBIL report and score, please check the step-by-step guide.

Jul302016 by wealth18.comNo Comments

Last date for filing returns for FY 2015-2016 (AY 2016-2017) extended to Aug 5

Taxation

The last date for filing income-tax returns has been extended to August 5. Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5. For Jammu and Kashmir, the deadline will be August 31 in view of the ongoing turmoil in the state. Later, the Finance Ministry in a statement said, "As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers throughout India who are liable to file their Income-tax by July 31, 2016." This extension, it said, is given in order to avoid any inconvenience to...

Jul232016 by wealth18.comNo Comments

Advanced Enzyme Technologies IPO (AETL IPO)– Review, Oversubscribe, Grey Market premium, Allotment Status & Date, Listing Date & Price

Stocks

Update : On day 3 (last day), AETL IPO Oversubscribed 115 times. Financial institutions - oversubsrcibe 94 times HNI - subsrcibe 393 times Retail- oversubsrcibe 10.48 times As the retail portion is oversubscribed, the allocation will be by draw. Not every applicant will get the allotment. Update : On day 2, AETL IPO Oversubscribed approx 5 times. Financial institutions - oversubsrcibe 5.9 times HNI - subsrcibe 0.89 times Retail- oversubsrcibe 4.89 times Advanced Enzyme Technologies IPO in opening from 20th - 22nd July. The company is the largest domestic enzyme company, engaged in research, development, manufacture and marketing of over 400 proprietary products developed from 60 indigenous enzymes. It ranks among the top 15 global companies in terms of enzyme sales and...