IPO ANALYSIS : SBI Cards and Payment Services Limited

Issue Details :

Issue opens / closes on	03-03 / 05-03-2020
Issue size	Rs 10000 Cr ( Rs 500 Cr fresh shares issue and OFS of 13.05 crore shares)
Face value	Rs 10
Price Band	Rs 750-755
Business	Credit card / related business
Promoters	SBI
Listing	Bse, Nse
BRLM	Kotak Mahindra, SBI Capital Markets,  DSP Merrill Lynch, Axis Capital,  HSBC Securities and Capital Markets  and Nomura Financial Advisory  and Securities.

IPO SCAM : SEBI to intensify probe

Securities and Exchange Board of India, widened its investigations into alleged irregularities in initial public offers in 2011.

The companies under scanner are :

1. Readymade Steel
2. Timber Home
3. Inventure Growth 
4. Parampont Printpacking
5. SRS Ltd
6. Birla Pacific Spa
7. Finotex Chemicals
8. Acropetal Tech
9. Sudar Garments
10. Midvalley Entertainment
11. Indo Thai Sec
12. Aanjneya Life care
13. Shilpa Cable
14. VMS Ind
15. Rushil Decor
16. Vaswani Ind
17. Prakash Constrowl
18. Servalaxmi Paper
19. Singhvi Forging.

FirstChoiceIPO had advised to stay-away from all the above IPOs except Acropetal Technologies.

Swiggy raises further money

Online food delivery startup Swiggy has secured a fresh Rs 805 Cr in a round led by South African internet giant Naspers. Existing investors, Meituan-Dianping and Hadley Harbour Master Investments LP, also participated in the round.

Swiggy had reported a loss of Rs 2345 Cr for the year 2019.

Forthcoming IPO : National Securities Depository Limited (NSDL)

Issue Details: 

  

Issue size	Rs 1000 Cr
Face Value	RS 10
Promoters	NSE, IDBI Bank
Business	Depository services
Listings	Bse, Nse
BRLMS	Kotak, SBI Cap and I Sec

Forthcoming IPO : Apeejay Surrendra Park Hotels Ltd

Issue Details: 

  

Issue size	Rs 1000 cr
Face Value	RS 10
Promoters	Apeejay group / PE backed by Credit Suisse
Business	Hotel chain
Listings	Bse, Nse
BRLMS	ICICI Sec, Axis Cap and JM Financials

Forthcoming IPO : NCDEX

Issue Details: 

  

Issue size	Rs 500 Cr
Face Value	RS 10
Promoters	Nse, LIC / others
Business	Commodity exchange
Listings	Bse, Nse
BRLMS	ICICI Sec, SBI Caps

Forthcoming IPO : Indian Railway Finance Corporation

Issue Details: 

  

Issue size	140 cr equity shares
Face Value	RS 10
Promoters	Govt of India
Business	Financing Railways operation
Listings	Bse, Nse
BRLMS	. IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets

Forthcoming IPO : Computer Age Management Services Limited

Issue Details: 

  

Issue size	Rs 1500 Cr
Face Value	RS 10
Promoters	Warburg Pincus
Business	Registrar and transfer agency
Listings	Bse, Nse
BRLMS	Kotak Mahindra Capital, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).