ICICI Lombard plans to list on the stock markets soon once its gets Sebi approval for initial public offering (IPO) in next 2-3 weeks. The due diligence for the 13% stake sale to private equity players will be completed by end of the month.
A limited quantity of shares of ICICI Lombard are available for selling on first cum first serve basis. Offer valid till stocks last. So place your trades soon https://buysellunlistedshares.com/buysell/
ICICI Lombard’s IPO will be the first public listing by a general insurance firm in India. Last year, ICICI Prudential Life Insurance Co. Ltd raised Rs 6,000 crore in an initial share sale, the first public offering by an Indian life insurer. ICICI Bank sold a 12.63% stake through the IPO, which valued the life insurer at around Rs 48,000 crore.
ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and Fairfax Financial Holdings, a Canada based diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.
We are selling shares of Sintex Plastics Technology which were demerged from Sintex Industries to unlock value. The stock will be listed in August 2017 (this month). There is no lock-in and shares can be sold on day of listing as well.
Sintex Plastics Technology is a leader in plastic products and comparable companies are Supreme Industries and Nilkamal Industries. Brokerages are expecting the stock to list near Rs 150.
Sintex Plastic Technology This business have infra and plastic segment and two sub-business inside through subsidiaries –
Custom Mouldings – Plastic and composite products moulded and fabricated across market segments such as aerospace & defense, automotive, electrical, mass transit, medical imaging etc.
Building Products – Following are the sub-segment of Building Product: a) Prefab – Sintex makes prefabricated structures like classrooms, toilets, healthcare centres, sheds etc. b) Monolithic – Designs and constructs monolithic buildings in India to address mass and low cost housing requirements. c) Others (Retail) – Sintex manufactures a wide range of consumer focused retail products which include water storage tanks, cold storage facility, environment friendly products, sub-ground structures etc.
Post listing the stock is expected to perform well and ultimately head higher as recent reports indicate that Sintex Industries Ltd, the world’s largest maker of plastic water tanks, is in talks with private equity (PE) funds to sell a minority stake in its newly demerged entity—Sintex Plastics Technology Ltd.
TPG Capital, Blackstone Group LP and Carlyle Group have shown interest in the company and separate discussions are on to sell a minority stake worth $200 million (Rs 1,300 crore).
Metropolitan Stock Exchange of India (MSEI) is soon set to submit an independent report in support of its claim seeking Rs 856 crore as compensation from National Stock Exchange (NSE) at the Competition Appellate Tribunal (Compat).
The nine-year old tussle relates to MSEI’s complaint against the NSE alleging abuse of its dominant position and predatory pricing in the currency derivatives segment.
MSEI, earlier known as MCX Stock Exchange (MCX-SX), is required by law to file an independent report by a chartered accountant validating the claims and the calculations based on which it had sought compensation. Incidentally, MSEI filed its compensation application in February 2015.
The dispute dates back to October 2008 when MCX-SX started offering trading in currency futures. Its larger counterpart, NSE, was already offering currency futures trading and was not levying any charges in the segment. This forced MCX-SX to offer currency futures trading for free.
In 2009, MSEI filed a complaint against NSE at the Competition Commission of India (CCI) alleging that the zero-pricing strategy was an abuse of market dominance. NSE, it claimed, was cross-subsidising losses in the currency segment from profits in other segments like equity and equity derivatives.
In June 2011, CCI ruled in favour of MSEI and levied a penalty of Rs 55.5 crore on the NSE which challenged the ruling at Compat and then at the Supreme Court, which granted an interim stay on the penalty. Meanwhile, NSE started levying charges in the currency segment from August 2011.
Our Coverage in Economic Times newspaper in Pg No 8 on 21 April 2017 on listing of shares of Dollar Industries on NSE.
“The stock is expected to benefit from the consumption boom and good brand,” says Narottam Dharawat, a Mumbai-based broker, who deals in unlisted shares.
Dollar Industries has been sold at Rs 700-800 range by us when it was unlisted. Later on the company gave 1:2 bonus shares. There is no lock-in in this shares. So these shares can be sold on very first day also once trading begins. The stock was trading above Rs 1,500 on 27 April 2017.
Shares of Dollar Industries’ rival Lux Industries were sold from Rs 100 and it went to hit Rs 4,000. Giving 40x (40-bagger) returns to investors in just three years.
India emerged as one of the most active regional markets for initial public offerings (IPOs) with 26 such offerings in the first three months of 2017, as per a quarterly report by consultancy firm EY.
With positive macroeconomic factors, continuing regulatory and tax reforms and a robust investor and business sentiment, 2017 promises to be a healthy IPO year.
Delhi-based education services provider CL Educate Ltd, Shankara Building Products and Avenue Supermarts Ltd, the owner of D-Mart supermarket chain, were some of the companies that floated IPOs in the first quarter of 2017. Avenue Supermarts was the biggest IPO of the quarter, raising Rs1,870 crore. It’s also the biggest since PNB Housing Ltd’s Rs3,000 crore IPO in November 2016.