Performance of Newly Listed Shares as on 19th January 2018

Name Date of Listing Issue Price Closing Price Closing Price % Gain Loss % Change Over
190118 120118 Over Week lssue Price
SBI Life Insurance Company Limited 3rd October 700.00 709.75 699.45 1.47 1.39
Prataap Snacks Limited 5th October 938.00 1165.05 1184.30 -2.05 24.21
Godrej Agrovet Limited 16th October 460.00 592.85 621.80 -6.29 28.88
MAS Financial Services Limited 18th October 459.00 629.30 644.50 -3.31 37.10
IEX Limited 23rd October 1650.00 1612.95 1633.50 -1.25 -2.25
General Insurance Company Limited 25th October 912.00 781.95 800.80 -2.07 -14.26
Reliance Nippon Life Asset Mng Limited 7th November 252.00 292.10 318.15 -10.34 15.91
Mahindra Logistics Limited 10th Novemeber 429.00 492.40 538.05 -10.64 14.78
Khadim India Limited 14th November 750.00 702.90 687.90 2.00 -6.28
HDFC Standard Life 17th Novmber 290.00 482.95 455.20 9.57 66.53
Shalby Limited 15th December 248.00 239.30 237.25 0.83 -3.51
Future Supply Chain Solutions Limited 18th December 664.00 674.30 717.15 -6.45 1.55
Astron Paper Limited 29th December 50.00 145.15 145.85 -1.40 190.30

Amber Enterprises India Limited – Issue Subscribed 165 Times

The simultaneous issue from Amber Enterprises India Limited received excellent response and was subscribed over 165 times. The company had tapped the capital markets with its issue to raise Rs 600 crs in a price band of Rs 855 to 859. The issue comprised of a fresh offer for Rs 475 crs and an offer for sale of Rs 125 crs. Earlier it had allotted 20,80,459 equity shares to 15 anchor investors comprising of 20 entities. The highest allocation was made to Abu Dhabi Investment Authority of 1,96,911 equity shares or 9.46% of the anchor allocation.

The QIB portion was subscribed 175 times while HNI was subscribed 519.26 times. Retail portion was subscribed 11.65 times. Employee portion was subscribed 2.27 times. There were 14.55 lakh applications which means the retail portion in terms of lots was subscribed 10.19 times.

Amber is a contract manufacturer for AC’s and white goods and has come on the back of the success of Dixon Technologies Limited. The issue was offered at a PE multiple of 61.91 to 62.20 times based on its March 2017 results.

The cost of funding for the leveraged investor would make his cost between Rs 420-460 depending on the rate of interest that he has contracted the loan at. Interest rates varied between 5 and 5.5%.

The full details of subscription are given below: –

Amber Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1393578 243856619 174.99
HNI 1045132 542695063 519.26
Retail 2438641 28400200 11.65
Employee 50000 113305 2.27
Total 4927351 815065187 165.42

Newgen Software Technologies Limited – Issue Subscribed 8.25 Times

The simultaneous fresh offer and offer for sale from Newgen Software Technologies Limited was oversubscribed. The company had tapped the capital market with its offer for sale of 1.34 cr shares and a fresh issue for Rs 95 crs. The issue is priced in a band of Rs 240-245 and had opened on Tuesday the 16th of January and closed on Thursday the 18th of January.

The company had allotted 51,99,444 equity shares to nine anchor investors comprising of 12 entities. The highest allocation was done to Goldman Sachs and HDFC asset management company. They were allotted 10,20,469 shares each which corresponds to 19.63% of the anchor allocation to each.

The issue received decent response and saw the QIB portion subscribed 15.62 times. The HNI portion was subscribed 5.52 times while Retail portion was subscribed 5.18. The full details of the subscription are given below: –

Newgen Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3506688 54767203 15.62
HNI 2611840 14412958 5.52
Retail 6094293 31597634 5.18
Total 12212821 100777795 8.25
Subscribe to RSS Feed Follow me on Twitter!