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May42017 by wealth18.comNo Comments

IRB InvIT Fund IPO (First InvIT Fund) – Details & Review, Price, Listing

Stocks

Update: 4th May Day 2: IRB InvIT Fund IPO subscribed 62% on Day 2. Institutional Investors' portion was subscribed 49% and other investors 77 %. Engineering company IRB Infrastructure on became the first firm to announce a public offer in the InvITs space with a Rs5,000 crore plus public issue of its fund opening on 3 May. What are InvIT : InvITs or infrastructure investment trusts are those debt instruments which be traded in the market and can act as investment vehicles for the sponsors. The listing of instruments enable promoters of infrastructure to monetise completed assets and raise funds for other long-term projects. Infrastructure investment trusts are similar to mutual funds that pool investment from various category of investors and invest them into completed and revenue genera...

May32017 by wealth18.comNo Comments

Inv-IT – Meaning, Details & Review (Infrastructure Investment Trusts)

Bonds

If you are wondering what is Inv-IT or what is the meaning of Inv-IT, then this post should clarify some of these things: What are Inv-IT (Infrastructure Investment Trusts)? Infrastructure Investment Trusts (InvITs) are similar to mutual fund companies that allow pooling the infrastructure projects into separate trust and allow investors to invest in the units of InvITs. Investors will get the portion of income from such infrastructure assets. Regulations InvITs are regulatedby SEBI in India. SEBI notified SEBI (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of InvITs in India. Structure: InvITs are set up as a trust and registered with SEBI. An InvIT has 4 parties - Trustee, Sponsor(s) , Investment Manager and Projec...

May12017 by wealth18.comNo Comments

S Chand and Company IPO – Allotment status, Price, Listing – Details & Review

Stocks

Allotment Status: S Chand IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status. You can also check your IPO allotment status from your mobile at https://linkintime.co.in/ipo Update: Day 3: S Chand IPO issue is oversubscribed 60 times on day 3. (QIB - 44 times, Retail 5.48 times, NII - 204 times) Update: Day 2: S Chand IPO issue is already oversubscribed 2 times on day 2. (QIB - 2.68 times, Retail 2.24 times, NII - 0.4 times) S Chand & Co , the leading publishing and education service enterprise is coming up with its IPO on 26th April. Issue Details of S. Chand IPO: IPO Open : 26th April - 28th April 2017 Issue Price band: Rs 660 - 670 per share Issue Size: Rs 325 crores ( XX Shares) Mark...

Apr262017 by wealth18.comNo Comments

Now you can invest in Mutual funds via digital e-wallets

Mutual Funds, News

SEBI has issued guidelines for using e-wallets in Mutual funds investment. After demonetisation many people are using e-wallets and it will make it easier for them if mutual funds investment is allowed via e-wallet. Following are the guidelines: Investment upto Rs 50000 per mutual fund per financial year can be made using e-wallet. Further, this limit of Rs 50,000 would be an umbrella limit for investment by an investor through e-wallet and/or cash, per mutual fund per financial year. E-wallet's balance loaded through cash or debit card or net banking, can only be used for subscription to mutual funds schemes and balance loaded through credit card, cash back, promotional scheme etc. should not be allowed for subscription to MF schemes E-Wallet companies must not offer any incentive...

Apr252017 by wealth18.comNo Comments

30th April deadline for self-certification for your bank account (FATCA)

News

CBDT has issued statement that all bank accounts that were opened between July 1 2014 and August 31 2015 require submission of self-certification forms by 30th April 2017. If you do not submit it within time then the accounts will be blocked. This self-certification is related to compliance with Foreign Account Tax Compliance Act (FATCA) provisions. The transactions by the account holder in such blocked accounts may, thereafter, be permitted once the self-certification is obtained and due diligence completed. Submitting the self-certification under FATCA is not complex. It does not require one to submit the Aadhaar card in order to comply with FATCA requirements. See below the sample FATCA form for ICICI Bank. https://www.icicibank.com/managed-assets/docs/form-center/fatca-individual....

Apr172017 by wealth18.comNo Comments

Why Indiabulls Real estate was up by 40% today?

Stocks

Today on 17th Mar 2017, shares of Indiabulls were up by 40%. It was trading at its highest level since 2011. What was the reason such a big rally? The Company's board in its meeting today considered the possibility of streamlining its existing ‘residential', ‘commercial' and ‘leasing' businesses by segregating ‘commercial & leasing' business carried on by itself and/or through its SPVs and vesting the same into ‘Indiabulls Commercial Assets Ltd' (ICAL). The company’s management told CNBC-TV18 that it will either look for strategic partner or demerge the commercial leasing business. The company further outlined that it may consider REIT listing in India and was looking at statutory changes for the same. "In the recent past, there have been some marquee deals in this space. Government I...

Apr72017 by wealth18.comNo Comments

Deadline extended to 30th June for providing PAN for savings account holders

News

In Jan 2017, CBDT has amended the Income Tax rules and asked all banks to link PAN or Form 60 to all existing bank accounts by 28-Feb-2017. However, now the deadline is extended to 30th June 2017. If you have not yet provided PAN or Form No. 60 for your bank account, do so at the earliest to avoid unnecessary hassles later. Background for this rule Post-demonetization, several changes were made to track black money and the know-your-customer (KYC) norms were made stringent. In a circular dated 15 December 2016, the RBI put restrictions on some of the banking transactions where PAN or Form No. 60 was not available. In the circular, the RBI stated that, “No debit transaction, transfer or otherwise shall be allowed in accounts which do not comply with the KYC norms.” To begin with, these ru...

Apr62017 by wealth18.comNo Comments

Focus Lighting & Fixtures – SME IPO – Details & Review, Subscription, Allotment, Price, Listing

Stocks

On Day 4, Focus Lighting & Fixtures was over-subscribed almost 89 times. Day Subscription (no. of times) Day 1 0.11 Day 2 0.52 Day 3 4.11 Day 4 88.99 Focus Lighting & Fixtures products (started in 2005) provide vide range of products which includes recessed adjustable spotlights, recessed downlights, surface mounted spotlights, surface-mounted / suspended downlights, system based spotlights / wallwasher, track-mounted spotlights, etc. each with different working capabilities Issue Details of Focus Lighting & Fixtures SME IPO Issue Open : 30th March to 5th April 2017 Issue Price / Floor Price : Rs 45 per share Issue Size: Rs 4.05 crores (900,000 Equity Shares) Application per share : Rs 45 Minimum No of shares bid: 3000 shares / Rs 135,...

Apr62017 by wealth18.comNo Comments

Dev Information Technology – SME IPO – Details & Review, Subscription, Allotment, Price, Listing

Stocks

Day Subscription (no. of times) Day 1 1.26 Day 2 2.50 Day 3 11.79 Day 4 74.16 Dev Information Technology Ltd (incorporated on 1997) is a ISO 9001:2008 certified company, with the business of IT solutions. Issue Details of Dev Information Technology SME IPO Issue Open : 31st March to 6th April 2017 Issue Price / Floor Price : Rs 42 per share Issue Size: Rs 6.25 crores (14,88,000 Equity Shares) Application per share : Rs 42 Minimum No of shares bid: 3000 shares / Rs 126,000 Maximum Retail investment - 3000 shares Book Running Lead Managers : Hem Securities Registrar – Link Intime India Listing: NSE SME Ongoing SME IPO - Read reviews SME IPOs Opening Date Last Date Price ASL Industries 31-Mar-2017 7th April 2017 35 Dev Information Technology...

Apr42017 by wealth18.comNo Comments

Creative Peripherals & Distributions – SME IPO – Details & Review, Price, Listing

Stocks

Day Subscription (no. of times) Day 1 0.10 Day 2 0.30 Day 3 0.85 Day 4 1.62 Creative Peripherals & Distributions Limited is Market entry and PAN-India distribution specialist with more than 175 employees and 5000 channel partners. Founded in 1992 by three people, Creative Peripherals Distributions Ltd., today employee more than 175+ people and is a market entry and PAN-India distribution specialist. In all these years, Creative Peripherals has partnered with a number of renowned Brands specializing in IT, Lifestyle, Imaging, and Telecom products. Issue Details of Creative Peripherals SME IPO Issue Open : 29th March to 3rd April 2017 Issue Price / Floor Price : Rs 71-75 per share Issue Size: Rs 12.78 - 13.5 crores (1,800,000 Equity Shares) App...