Mahindra Logistics IPO gets 48% subscription on day 1

Mahindra Logistics IPO has been subscribed to the extent of 48% on day 1. The IPO closes on 02-11-2017.

Bharti Airtel's net falls by 77%

 Bharti Airtel's  net profit for the quarter ended 30 September fell 77% to  Rs343 crore from Rs1,461 crore in the year ago period. The consolidated  revenue for the quarter was at Rs21,777 crore, a decline of 10% in the  period.

 The stock gained one percent and closed at Rs 498 in today's trade.

IPOs of 2017 : 10 out of 27 trades below offer price

So far in 2017, twenty seven IPOs ( barring sme) have been listed on the bourses. Out of this 10 IPOs are trading below the offer price.

The IPOs which are trading below the offer price are - CL Educate, S Chand, Eris Life, GTPL Hathway, SIS, BRNL, Matrimony, SBI Life, India Energy and General Insurance Corp of India.

Mahindra Logistics ropes in anchor investors

Mahindra Logistics has roped in 15 anchor investors and has allotted 57.62 lac shares at a price of Rs 429 (Upper price band). The IPO opens for subscription today.

Among others anchor investors include Goldman Sachs India, HDFC Small Cap Fund, HDFC Trustee Company, Reliance Capital Trustee, Aditya Birla Sun Life Trustee and East Bridge Capital Master Fund.

Bain Capital may buy stakes in Axis Bank

Boston based Bain Capital is in advanced talks with Axis Bank to invest about Rs 5000 cr, in what could be one of the largest private equity investments in the Indian banking sector. 

Axis Bank is planning to raise money amidst worsening asset quality and regulatory glare. 

Bain Capital is one of the world's leading multi-asset alternative investment firms. 

Bain Capital has the pioneered the value-added investment approach. The globally integrated teams leverage deep vertical expertise and partner with management teams around the world to accelerate growth.

Axis Bank has given the negative return, whereas the benchmark indices have appreciated more than 20 percent.

LIC Housing Finance reports flat net

LIC Housing Finance has  on reported  flat net Rs 489 crore for second quarter of the current fiscal.

The company had reported a net profit of Rs 495 cr in the corresponding July-September quarter of the previous fiscal.

Total revenue is up 6.5% to Rs 3,717 crore during the quarter from Rs3,490 crore in the year ago period.

The stock closed at Rs 618, up Rs 5 in today's trade.

Lupin's net down 31%, stock up Rs 24

Lupin has posted 31 percent decline in net profit to Rs 455 crore in the second quarter ended September 30. The stock gained as much as 8% in intraday trade and closed at Rs 1025, up Rs 24.

The company reported net profit of Rs 663 cr in the same period of previous year. Total revenue from operations dropped 8 percent to Rs 3952 crore from Rs 4,291 crore.

Tata Steel profits jump in q2

Tata Steel's profit jumped to Rs 1018 cr in Sept quarter, as compared to Rs 49 cr in the same quarter last year. Ramp-up of its Kalinganagar plant in India has boosted strong volume growth.

Consolidated quarterly total steel deliveries were up 15 per cent to 6.45 million tonnes, with Indian deliveries contributing about 48 percent of the total.

The stock closed at Rs 720, down Rs 7 in today's trade. The stock is one of the star performer among Nifty stock, having appreciated more than 80% in the last one year.

IPO ANALYSIS : SecUR Credentials Limited - Avoid

ISSUE DETAILS :

Issue opens / closes on	01-11 /03-11-2017
Issue size	14,67,000 equity shares
Face Value	Rs 10
Price	Rs 205
Promoter	PANKAJ VYAS
Business	Business of Background screening and Due diligence
Registrar	Skyline Financial Services Limited
Listings	NSE Emerge
BRLM	INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED

HDFC beats estimates in q2

Housing Development Finance Corporation has reported a standalone profit growth of 15 percent at Rs 2,101 crore for the quarter ended September 2017, compared with Rs 1,826.50 crore in same quarter last fiscal. This is more than what street was expecting.

Net interest income grew by 14 percent year-on-year to Rs 2,612 crore.

The stock, as of now has gained Rs 10 and trading around Rs 1710.

IPO ANALYSIS : HDFC STANDARD LIFE INS - HIGH RETURNS ASSURED - INVEST

Issue opens / closes on	07-11 /09-11-2017
Issue size	29.98 cr equity shares
Face Value	Rs 10
Price Band	Rs 275 -290
Promoters	HDFC, Standard LIfe
Business	Life Ins
Registrar	Karvy
Listings	Bse, Nse
BRLM	Edelweiss, HDFC Bank, Credit Suisse, CLSA, Nomura, Morgan Stanley, Haitong Securities, IDFC Bank, IIFL Holdings and UBS Securities

BUSINESS:

HDFC Standard Life is  one of the most profitable life insurers, based on Value of New Business (VNB) margin, among the top five private life insurers in India in Fiscal 2016 and Fiscal 2017. (Source CRISIL). HDFC Life is consistently being among the top three private life insurers in terms of profitability based on VNB margin and market share.

The total new business premium for Fiscal 2015, Fiscal 2016, Fiscal 2017 and the six months ended September 30, 2017, was ₹5492 cr, ₹6487 cr, ₹8696 cr and ₹4402 cr.

OBJECTS OF THE OFFER:

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of Offered Shares by the Promoter Selling Shareholders.

STRENGTHS :

1. Strong parentage and a trusted brand that enhances our appeal to consumers.
2. Strong financial performance defined by consistent and profitable growth.
3. Growing and profitable multi-channel distribution footprint that provides market access across various consumer segments.
4.  Focus on customer centricity enabling growth across business cycle.
5. Leading digital platform that provides a superior experience for customers and distributors.

FINANCIALS  ( Rs in crores)

	31-03-2017	31-03-2016	31-03-2015
Total Income	1016	900	874
Net profit	887	817	785
Equity	1998	1995	1994
EPS	Rs 4.40	Rs 4.10	Rs 3.90

RISK FACTORS :

1. Highly competitive business.
2. Dependent on parent group for business, to an extent.
3. Operates in a regulated industry.

VALUATIONS AND RECOMMENDATIONS :

The IPO is from HDFC stable. HDFC twins  have rewarded the investors handsomely over the years and darling of the investors on the bourses. HDFC group companies have excellent pedigree and impeccable track record.

Invest for listing as well as long term gain.