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Jan162017 by wealth18.comNo Comments

BSE IPO Details & Review – Price Band, Issue Price, Opening date

Stocks

BSE Limited is the owner and operator of BSE Exchange (Bombay Stock Exchange), India largest stock exchange by number of companies listed. Issue Details IPO Open : 23 Jan to 25 Jan 2017 Issue Price band: Rs 800 - 850 Issue Size: approx Rs 1311 crore Market lot : 17 Max Shares for Retail - 221 IPO Issue Allocation Qualified institutional buyers (QIBs) - 50% per cent of the total issue size. Non-institutional investors (NIIs) - 15% per cent of the issue size. The retail quota limit in the issue = 35% Objective of the issue: The company will not receive any proceeds of the offer and all the proceeds of the offer will go to the selling shareholders in the proportion of the equity shares offered by them The objects of the offer (OFS) are: 1. To achieve...

Jan162017 by wealth18.comNo Comments

How NRIs can exchange old Rs 500 / 1000 notes or convert / deposit them?

News

Latest Update: RBI has extended the facility for NRI to deposit old notes at designated RBI offices by June 30 2017. Under new facility, NRI can carry upto Rs 25000 (as per relevant FEMA regulation) via declaring them to customs and deposit it into RBI offices at in Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. NRI travelling to India should go through the "red channel" at the airport, fill one page declaration form. A stamped document will be issued by Customs detailing the number of notes, date etc. Documents required to be submitted at RBI office: Stamped document from Customs Passport & 1 copy ID - Aadhar, PAN Declaration that the person has not used exchange facility earlier Copies of bank statement to proof that notes were not deposited earlier. The pr...

Jan152017 by wealth18.comNo Comments

How to open Airtel Payment Bank Account- 7.25% Savings Account Interest

Banking, News

Jan 2017 Airtel has now rolled out its payment bank across India. If you want to earn its attractive 7.25% interest, you can open an account. You donot need to submit any kind of documents as it is a paperless approach, using Aadhaar-based e-KYC. Anybody who is an Airtel user, having an Aadhaar card, PAN card and carrying a smartphone with Internet connectivity can become a member of Airtel’s Payments Bank and earn an interest of 7.25% p.a by depositing a maximum of Rs.1 lakh. Here are the steps for you to open an Airtel Payments Bank account: 1) Register at www.airtel.in/money Users Who are already a member of Airtel money and are using the wallet for making the transaction, only needs to update their app to use the payments bank facility. 2) Once you have opened the website, you n...

Jan42017 by wealth18.comNo Comments

Pradhan Mantri Awas Yojana 2017 – New Home Loan Intetest Subsidy

How to Series

Prime Minister Modi has now enhanced the scope and benefit under Pradhan Mantri Awas Yojana (PMAY) in 2017. This is done to boost the affordable housing and middle income category of the housing sector. The scheme was initially launched in June 2015 to provide ‘Housing for All by 2022’, offered beneficiaries an interest subsidy at the rate of 6.5% for a loan amount of up to Rs 6 lakh. Now the scope and benefit of this scheme is now enhanced as follows: In Urban Areas - Loans of up to Rs 9 lakh taken in 2017, will receive interest subvention of 4%. In Urban areas - Loans of up to Rs 12 lakh taken in 2017, will receive interest subvention of 3 %,” For rural areas - Loans of up to Rs 2 lakh taken in 2017, for new housing, or extension of housing in rural areas, will receive an...

Jan32017 by wealth18.comNo Comments

9.75% SREI Equipment Finance NCD Issue Jan 2017 – Details & Review

Bonds

SREI Equipment Finance will open its public issue of NCDs on 3rd Jan 2017 & it closes on 20th Jan 2017. This NCD issue is offering yield upto 9.7% and have 7 different investment options. Latest NCD issue of Reliance Home Finance (22nd Dec 2016) was over-subscribed 3 times the issue size on day one itself. In this post, I am trying to put details around how good this SREI Equipment Finance NCD is ? What are the postive and negative factors of SREI Equipment Finance NCD? Who should invest in SREI Equipment Finance NCD? Key Features of SREI Equipment Finance NCD NCD Issue Open: 3-Jan-2017 NCD Issue Closing date: 20-Jan 2017 Type of Instrument: Secured redeemable non-convertible debentures (NCD) for 3 & 5 years Size of Issue: Rs. 250 crores with a green-shoe option of an...

Jan22017 by wealth18.comNo Comments

BHIM App – How to Setup, Use, Transfer Money – Step by step guide

How to Series

Prime Minister Narendra Modi launched BHIM app on last Friday for promoting cashless transactions. BHIM (Bharat Interface for Money) is a mobile payment app and an aggregator for all UPI Based services offered by banks. BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). It is not a mobile wallet like Paytm or Mobikwik as you can send money to anyone with or without BHIM App as long as they have bank account. It uses UPI through which all the major banks in India are now connected. The transactions are instant, although there is a limit of Rs 10,000 per transaction. Also you can't make transaction worth more than Rs 20,000 in 24 hours. Step by Step guide to use BHIM Install the application from Pla...

Jan12017 by wealth18.comNo Comments

5 Multibagger stocks to invest in 2017 – Kotak Secuties

Stocks

Kotak Securities CEO - Kamlesh Rao has provided their top 5 recommendations that can be multibagger in next 2-3 years: NIIT Limited Engineers India Limited Mold-Tek Packaging Natco Pharma PNC Infra NIIT Limited The initiatives taken by the new management have led to consistent improvement in revenue growth and earlier-than-expected benefits on margins over the past six quarters. We remain optimistic about the future prospects of NIIT. NIIT has launched new programs in S&C business and added new clients in CLS, which should support future growth. Engineers India Limited Engineers India enjoys healthy market share in the Hydrocarbon consultancy segment. It enjoys prolific relationship with few of the major oil & gas companies like HPCL, BPCL, ONGC and IOC. Lo...

Jan12017 by wealth18.comNo Comments

Top 10 multibagger stocks for 2017

Stocks

Here is the list of top 10 stocks that can potentially deliver multibagger returns over next 2-3 years. Summary - These stocks are: Pidilite, UPL, BEL, KNR, Bharat Forge, NTPC, Reliance Industries, Power Grid, Gujarat Industries Power, PI Industries. CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendations Pidilite Industries 587 521 770 ICICI Direct (Target 775) Prabhudas (Target 770) UPL 628 342 730 KR Choksey (842) Yes Securities (800) Bharat Electronic (BEL) 1384 1009 1540 Axis (1290) ICICI Sec (1560) Motilal (1450) KNR 155 Bharat Forge 912 686 1008 Prabhudas 957 ICICIDIrect - 1000 NTPC 161 116 170 Axis (171) Religare - 185 Reliance Industries 1058 888 1129 Edelweiss - 1400 Power Grid 182 127 196 Prabhudas - 196 Gujarat Industries Power ...

Dec242016 by wealth18.comNo Comments

CNBC Super 17 Stocks for investment in 2017

Stocks

CNBC-TV18 has turned 17 and they invited panel of 4 experts to recommend 17 Stock Picks For 2017 Experts: S P Tulsian, Dipan Mehta, Prakash Diwan, Daljit Kohli CMP Target Upside S P Tulsian Zee Media 37 55 49% Dwarikesh Sugar 289 435 51% Dynemic Products 145 200 38% Century Textiles 774 1200 55% Sandur Manganese 759 1170 54% Prakash Diwan Trent 198 277 40% Shakti Pumps 133 199 50% Dynemic Products 145 199 37% Shipping Corporation 58 99 71% Dipen Mehta Strides Shashun 1088 Aurobindo Pharma 648 NBCC 223 Motherson Sumi 310 Daljeet Kohli Jubilant Life 588 709 21% Shilpa Medicare 755 Force Motors 3675 4322 18% MOIL 352 456 30% ...

Dec242016 by wealth18.comNo Comments

Invest in Stocks with matured brands for balanced returns

Stocks

Companies with longstanding brands often have diversified portfolio of business and can better cope ups & down in the markets. These are called "defensive" stocks that can protest your portfolio in times of market volatility. CMP (24-Dec-2016) 52 wk low 52 wk high Other Recommendaion Nestle 5826 4990 7390 Axis - 5800 KR Choksey - 8000 Gillette India 4276 3805 4888 Axis (320) ICICI Sec - 355 Procter & Gamble Hygiene & Healthcare 6600 5171 7279 HDFC Sec - 1335 L&T Foods 271 180 319 Pidilite Industries 587 521 769 ICICI - 775 Prabhudas - 770 Bata India 425 400 613 ICICI - 462 Axis - 535 Asian Paints 874 825 1227 Geojit - 1108 Reliace Sec - 1154 Nestle - Nestle India’s brands such as Maggi noodles and Nescafe coffee are consumed across the wor...