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Chemplast Sanmar IPO Subscription Day-3

Chemplast Sanmar
12/08/2021

The Rs.3,850 crore IPO of Chemplast Sanmar, consisting of Rs.1,300 crore fresh issue and Rs.2,550 crore OFS, was fully subscribed on Day-3. As per the combined bid details put out by BSE at the close of Day-3 of the issue, Chemplast Sanmar IPO was subscribed 2.17X overall, with bulk of the demand coming from the QIB and Retail segments. The issue has closed on 12th August.

In terms of numbers, out of the 399.53 lakh shares on offer in the IPO, Chemplast Sanmar saw applications for 866.38 lakh shares. This implies an overall subscription of 2.17X. The granular break-up of subscriptions were tilted in favour of QIB and retail investors.

 

Chemplast Sanmar IPO Subscription Status Day 3

Category Subscription Status
Qualified Institutional (QIB) 2.70 Times
Non-Institutional (NII) 1.03 Times
Retail Individual 2.29 Times
Total 2.17 Times

 

QIB Portion

The QIB portion got a relatively better response on Day-3. On 09 Aug, Chemplast Sanmar did an anchor placement worth Rs.1,733 crore. QIB portion, net of anchor allocation, was subscribed 2.70X (getting applications for 587.68 lakh shares against the available quota of 217.92 lakh shares) at the close of Day-3.

HNI Portion

The HNI portion just about got subscribed 1.03X (getting applications for 112.40 lakh shares against the quota of 108.96 lakh shares). The funded applications and corporate applications were not too prominent on the last day.

Retail Individuals

The retail portion got subscribed 2.29X at the close of Day-3, showing fair retail appetite. Out of the 72.64 lakh shares on offer, valid bids were received for 166.30 lakh shares, of which bids for 135.62 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.541) and has closed for subscription on 12th August.

 

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021

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Radhakishan Damani's Portfolio 2021

Radhakrishan
12/08/2021

Radhakishan Damani has often been the quiet big influence in stock markets. He is normally quite reticent about portfolio moves. Damani’s portfolio is predominated by Avenue Supermarts, the owner of D-Mart retail chain. His current ownership of Avenue Supermarts is above Rs.150,000 crore. Radhakishan Damani principally invests in the name of his family and through companies like Bright Star Investments and Derive Trading.

D-Mart predominates his portfolio, but there are a number of other stocks where Damani holds shares worth more than 1%. Find the table of Damani’s key holdings as under.
 

Radhakishan Damani's portfolio as of June-21:

 

Top Holdings (Jun-21)

Stake in Company

Holding Value

Avenue Supermarts

65.2%

Rs.150,331 crore

VST Industries

30.2%

Rs.1,571 crore

India Cements

12.7%

Rs.698 crore

Sundaram Finance

2.4%

Rs.655 crore

Mangalam Organics

2.2%

Rs.13 crore

Blue Dart Express

1.7%

Rs.222 crore

Metropolis Healthcare

1.6%

Rs.216 crore

Trent Ltd

1.5%

Rs.486 crore

3M India

1.5%

Rs.410 crore

BF Utilities

1.3%

Rs.22 crore

Andhra Paper

1.3%

Rs.12 crore

United Breweries

1.2%

Rs.451 crore

Astra Microwave

1.0%

Rs.14 crore

 

Here is a quick look at the stocks Damani bought and sold in the Jun-21 quarter.

What did Radhakishan Damani buy and sell in the Jun-21 quarter?

Let us first look at stocks he bought in the Jun-21 quarter. There are 2 stocks where Damani increases his stake in the Jun-21 quarter. He added to his holdings in Sundaram Finance taking his stake in the company up by 14 bps to 1.9%. The other stock that Damani bought was United Breweries where he hiked the stake by a marginal 0.2% in the quarter.

During the Jun-21 quarter, Damani exited two of the stocks viz. Foods and Inns Ltd as well as Prozone Intu Properties. While Damani had a 4.7% stake in the former, he had a 1.3% stake in the latter. He has exited these two stocks fully. In addition, he also reduced his stake in Blue Dart Express from 2% to 1.7% during the quarter. In addition, Damani also pared his stake in Metropolis Healthcare from 1.6% to just about 0.1% holding. Damani’s equity portfolio value stands at $21 billion.

 

Also check: Big Bull Rakesh Jhunjhunwala's Portfolio 2021

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Mid-caps and small caps recover as BSE clarifies on margin rules

BSE
12/08/2021

The mid-cap and small-cap indices gave up 3% and 5% respectively in just two days in the early part of the week. The reason was a new rule inserted by BSE to check excess speculation in a market. Special surveillance measures by stock exchanges are nothing new and happen from time to time. The difference was that this time around, the wordings of the BSE circular left a lot of things to imagination and interpretation.

In the original BSE circular, things were open to interpretation. Firstly, there was no mention of the stock groups to which additional surveillance measures would apply. Secondly, the circular did not specify any market cap criteria, which made it logically applicable to all stocks. Lastly, BSE had prescribed weekly and monthly price limits apart from longer-term criteria for price limits. These open areas had a negative impact on sentiments.

BSE clarifies on open areas

Subsequent to the uncertainty in the market, BSE clarified on the 3 issues as under.

•    Firstly, the exchange has clarified that the add-on surveillance measures of limiting price bands would only apply to stocks in the X, XT, Z, ZP, ZY and Y group shares and only for stocks listed on the BSE. 

•    Secondly, BSE clarified that the additional surveillance was only applicable for securities with stock price above Rs.20 and having market cap less than Rs.1,000 crore.

•    Lastly, BSE clarified that instead of the weekly, month and quarterly price limits originally proposed, the new criteria will only consider 6-monthly, yearly, 2-year and 3-year criteria for price bands beyond daily limits.
BSE underscored that these measures were purely intended to reduce risk of volatility in smaller stocks and not to curb volumes in any way.
 

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Forthcoming IPOs in 2021 - List of IPOs in 2021

Forthcoming
13/08/2021

The last 2 weeks have been extremely busy on the IPO front. In the previous week, we saw four IPOs - Devyani International, Krsnaa Diagnostics, Exxaro Tiles and Windlas Biotech IPO hitting the market. The current week has again seen 4 IPOs - CarTrade Tech, Nuvoco Vistas, Aptus Value Housing Finance and Chemplast Sanmar IPO collecting close to Rs.15,000 crore. The year 2021 is likely to see more than Rs.60,000 crore collected via IPOs by the end of August and cross the Rs.100,000 crore mark comfortably before the end of the year. Here is a list of IPOs slated to hit the market in the near future.

 

The focus is on IPOs above Rs.1,000 crore in terms of size.

Forthcoming IPO list: 

Name of Company

Indicative IPO size

Business description

One97 Communications (Paytm IPO)

Rs.16,600 crore

Digital payment platform

HDB Financial Services

Rs.10,000 crore

Financial Services arm of HDFC Bank

Policybazaar

Rs.6,500 crore

Online Insurance buying platform

Bajaj Energy

Rs,5,450 crore

Alternate Energy company

PharmEasy

Rs.3,700 crore

Digital medicine procurement

Go Air IPO

Rs.3,600 crore

Operator of Go Air Airlines

Aditya Birla Sun Life AMC IPO

Rs.2,000 crore

Mutual Fund AMC of Birla Group

SAMHI Hotels IPO

Rs.2,000 crore

Hotels and hospitality industry

MobiKwik

Rs.1,900 crore

Online digital and lending platform

Arohan Financial Services IPO

Rs.1,800 crore

Microfinance institutions out of Kolkata

Penna Cement

Rs.1,500 crore

Cement manufacturer

Utkarsh Small Finance Bank IPO

Rs.1,350 crore

Small Finance Bank

Fincare Small Finance Bank IPO

Rs.1,330 crore

Small Finance Bank

Shriram Properties IPO

Rs.1,250 crore

Property development

Supriya Lifesciences IPO

Rs.1,200 crore

Pharmaceuticals business

SREI Equipment Finance

Rs.1,100 crore

Finance and Leasing

 

Check:

1. Upcoming IPOs in 2021

2. List of Upcoming IPOs in October 2021

 

This is a sample list. There are other mega IPOs like the Rs.4,500 crore Adani Wilmar IPO and the Rs.4,000 crore Nykaa IPO lined up. We have not yet included the Rs.70,000 crore IPO of LIC, which is most likely to happen in the first quarter of 2022. IPOs are surely promising exciting times ahead.

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How to Use a Lumpsum Calculator for Mutual Funds

Lumpsum Calculator
13/08/2021

Financial calculators are an important tool of financial planning. One of the most popular calculators in personal finance planning is the lumpsum calculator. You can understand the lumpsum calculator in terms of two applications.


•    Lumpsum calculator can be used to determine, how much a fixed corpus invested today would be worth after a certain number of years and assuming a certain CAGR returns over this period.

•    The other application of the lumpsum calculator is actually to look at the above situation in reverse. In practice, we need to know how much corpus we need today to meet our future goals. Lumpsum calculator can be use for goal planning also.

Lumpsum calculator and how much your money will grow

The table captures how much a fixed corpus of Rs.500,000 today will grow at the end of different time periods. The MF portfolio is expected to appreciate at 14% CAGR.
 

At the end of X Years

Corpus of

Will grow to

5 years

Rs.500,000

Rs.962,707

10 years

Rs.500,000

Rs.18,53,651

15 years

Rs.500,000

Rs.35,68,969

20 years

Rs.500,000

Rs.68,71,745

25 years

Rs.500,000

Rs.1,32,30,958

 

The lumpsum calculator clearly shows how a fixed corpus grows on its own over different periods of time. Clearly, the longer you hold, the better it is.

Lumpsum calculator for goal planning

A more practical way is to use a lumpsum calculator for goal planning. For example, if you target to reach a corpus of Rs.1 crore after 20 years in mutual funds at a CAGR of 14%, what would be the initial investment requirement. Here again, the lumpsum calculator can show you how much you need to start off with today.

 

Also Read: SIP Calculation: How to Make Rs. 1 Crore for Retirement

 

For example, if you want to reach a target of Rs.1 crore, as in the above case, you must start off with a corpus of Rs.727,617 and invest it in mutual funds with CAGR potential of 14% annualized and hold on for 20 years. The lumpsum calculator provides financial planning analytics both ways.
 

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Merit in Buying Digital Gold - How to buy Digital Gold

Digital Gold
13/08/2021

Gold prices have moved lower on prospects of sharp GDP growth, which takes away the safe haven preference. The same is the case with silver, although demand patters are largely industrial.  In the last couple of years, Indian investors realized the merits of having gold in the portfolio as a defensive strategy. However, there is still confusion on how to buy Digital Gold.

The simplest way is to buy gold jewellery or gold coins. But storage is a big worry here and physical charges can also be high. The other 3 options are Sovereign gold bonds, Gold ETFs and Digital gold. Here is what investors need to know about the power of digital gold. Remember, digital gold is a safe and secure way of holding gold in digital fractions with seamless transaction processing. 

Digital gold brings some key advantages

Here is the digital gold edge for investors.

•    It is convenient to buy and sell digital gold. If you have a 5paisa  Demat Account, you just need to log-in to buy/sell digital gold. There is no size restriction, in that you can even buy 0.35 grams of gold, unlike the sovereign gold bonds and gold ETFs.

•    Digital gold is affordable. Firstly, it allows buying fractional gold of as low as 10 grams. Digital gold also works out cost-effective as there are no making charges involved. 

•    Unlike buying gold from jewelers, you don’t worry about gold purity. All the gold is certified by an official accredited agency as being 24-carat gold with 995 purity.

•    Digital gold is very liquid. You can log into your 5paisa account and buy or digital gold at any point of time. There are virtually no restrictions on buying and redemption.

•    Finally,  you may wonder as to where is the gold backing digital gold? The assurance is that digital gold is stored in segregated and guarded vaults. In short, digital gold can be converted to physical gold at any time subject to charges.

 

Also Read: Basics you need to know before Investing in Sovereign Gold Bonds

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