Elite Wealth Advisor
Larsen Toubro Technology Services Limited IPO Details
L&T Technology Services Limited is the leading global pure-play ER&D (Engineering, Research and Development) services company. Company provide ER&D services, which is defined as the set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.
L&T IPO Details:
- Issue Open: Monday, September 12, 2016 – Thursday, September 15, 2016
- Object: 1) 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 up to 10,400,000 Equity Shares by the Selling Shareholder.2) The listing of the Equity Shares will enhance brand name and provide liquidity to the existing shareholders, as per the company.
- Price Band: Rs.850/- to Rs.860/- per equity shares.
- Bid Lot: 16 equity shares & multiple of 16 equity shares thereafter.
- Issue Size: Offer for Sale of 1,04,00,000 equity share by Larsen & Toubro Limited (Rs.884 crs @ lower price band & Rs.894.4 crs @ upper price band)
- Face Value: Rs 2/- each
QIB (including Anchor):-
50% of the Offer (Rs.442 crs @ lower price band & Rs.447.2 crs @ upper price band).
NIB:-
15% of the Offer (Rs.132.6 crs @ lower price band & Rs.134.16 crs @ upper price band).
Retail:-
35% of the Offer (Rs.309.4 crs @ lower price band & Rs.313.04 crs @ upper price band).
For More Details Visit us on http://elitewealth.in/Admin/docs/Larsen-Toubro-Tech-Serv-Ltd-IPO-Note.pdf or visit our research blog at http://research.elitewealth.in/blog/larson-toubro-lt-ipo-details-research-recommendation/
Monthly Stock Recommendations August 2016
Monthly Stock Recommendations of the month of August 2016: In the mid of Month of July we had advised conservative investors to book profit and aggressive investors can hold it till month end. So returns are based as per the recommendation.
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Monthly Equity Call performance July 2016
Monthly Equity Call performance July 2016
Total Profit of the Month - July 2016 is INR 3,34,524.36
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or Subscribe our Research Blog: http://research.elitewealth.in
RBL Bank Ltd. IPO – Details, Listing, Allotment, Prospectus, Latest News
RBL Bank Ltd is one of India’s fastest
growing private sector banks. The Bank has cultivated a customer-centric
culture where they use their industry domain knowledge, experience and
technology with the goal of satisfying the client’s complete banking
needs. They offer a comprehensive range of banking products and services
customized to cater to the needs of large corporations, small and
medium enterprises (“SMEs”), agricultural customers, retail customers
and development banking & financial inclusion (low income)
customers. They have been expanding their presence across India through a
growing network of branches and ATM’s and upgrading their traditional
delivery channels with modern technology-enabled channels like phone
banking, internet banking and mobile banking.
Strengths:
- Client focused approach to business resulting in growing brand recognition
- Robust multi-channel distribution system
- Partnerships that expand their reach in rural markets
- Growing net interest and non-interest income
Key Highlights:
- Bank’s total income has grown from Rs 207.76Cr in Fiscal 2011 to Rs 2356.49Cr in Fiscal 2015, which represents a CAGR of 83.52% for the past four fiscal years.
- Their net profit after tax has increased from Rs 5.58 Cr in Fiscal 2011 to Rs 207.1 Cr in Fiscal 2015,which represents a CAGR of 146.75% for the past four fiscal years.
- Their deposits grew from Rs2042.15 Cr at the end of Fiscal 2011 to Rs17099.25Cr at the end of Fiscal 2015, which represents a CAGR of 70.10% for the past four fiscal years.
- Advances grew from Rs 1905.16 Cr at the end of Fiscal 2011 to Rs 14449.82 Cr at the end of Fiscal 2015, which represents a CAGR of 65.95% for the past four fiscal years.
Their branch network, which was
historically concentrated in south western Maharashtra and northern
Karnataka, has now expanded across India through a growing network of
branches and ATM’s. During Fiscal 2014 and Fiscal 2015, they opened 59
new branches across various states including in the key cities of
Kolkata, Delhi, Mumbai, Chennai, Bangalore and Ahmadabad. Their
distribution network included 348 interconnected ATM’s as of March 31,
2015.
In addition, they have digital banking
channels including mobile banking, internet banking and phone
banking/IVR. They have developed micro-payment and branch less banking
solutions as well as a business correspondent network to expand their
customer reach beyond the traditional branch service area.
For More Details Visit our blog: http://research.elitewealth.in/blog/topic/ipos/
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