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How to Check the Allotment Status of Aditya Birla Sun Life AMC IPO

How to Check the Allotment Status of Aditya Birla Sun Life AMC IPO
IPO
by 5paisa Research Team 06/10/2021

The Rs.2,768.26 crore of Aditya Birla Sun Life AMC IPO, consisting entirely of an offer for sale (OFS), was subscribed 5.25X overall at the close of bidding on 01st October. The basis of allotment will be finalized on 06th October, demat credits will happen on 08th October and listing on 11th October. If you applied for the IPO, check your allotment status online now.

Check - Aditya Birla Sun Life AMC IPO Subscription Day 3

You can either check your allotment status on the BSE website or the IPO registrar, KFINTECH Private Limited (formerly Karvy Computershare). Here are the steps:


Checking the allotment status of Aditya Birla Sun Life AMC on BSE website


Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow:

i) Under Issue Type – Select Equity Option
ii) Under Issue Name – Select Aditya Birla Sun Life AMC from the drop down box
iii) Enter the Application Number exactly as in the acknowledge slip
iv) Enter the PAN (10-digit alphanumeric) number
v) Once this is done, you need to click on the Captcha to verity that you are not a robot
vi) After you answer a few pictorial questions and verify, click on the Search Button

The allotment status will be displayed on the screen in front of you informing about the number of shares of Aditya Birla Sun Life AMC IPO allotted to you.


Checking the allotment status of Aditya Birla Sun Life AMC on KFINTECH (Registrar to IPO)


Visit the KFINTECH registrar website for IPO status by clicking on the link below:

https://rti.kfintech.com/ipostatus/

Once you click on Recent IPOs, the dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Aditya Birla Sun Life AMC from the drop down box.

I) There are 3 options:

i) You can either Query the allotment status based on PAN, Application Number or DPID-Client ID combination.

II) To Query by PAN, check the appropriate box and follow these steps:

i) Enter the 10-digit PAN number
ii) Enter the 6-digit Captcha Code
iii) Click on Submit button
iv) Allotment status gets displayed on screen

III) To Query by Application Number, check the appropriate box and follow these steps:

i) Select Application Type (ASBA or Non-ASBA)
ii) Enter the Application Number as it is
iii) Enter the 6-digit Captcha Code
iv) Click on Submit button
v) Allotment Status gets displayed on screen

IV) To Query by DP-ID, check the appropriate box and follow these steps:

i) Select the depository (NSDL / CDSL)
ii) Enter the DP-ID
iii) Enter the Client-ID
iv) Enter the 6-digit Captcha Code
v) Click on Submit button
vi) Allotment Status gets displayed on screen

Also Read:-

1) Aditya Birla Sun Life AMC IPO : 7 Things to Know About

2) Upcoming IPOs in 2021

3) List of Upcoming IPOs in October 2021

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Moody’s Upgrades India’s Rating Outlook to “Stable”

Moody’s Upgrades India’s Rating Outlook to “Stable”
by 5paisa Research Team 06/10/2021

On 05th October, Moody’s raised India’s sovereign rating outlook from “Negative” to “Stable”. However, the sovereign rating for India’s local and foreign currency debt was maintained at Baa3. It may be recollected that at the peak of the pandemic in May 2020, Moody’s had downgraded India’s sovereign rating from Baa2 to Baa3 with negative outlook.

Just to give a perspective, India’s ratings continue to be below the pre-2020 levels. The current rating of Baa3 is the lowest investment grade rating assigned by Moody’s and even one notch below this level would put India in speculative category. Among other major countries in the Baa3 category are Italy and Russia.

One of the big reasons for this outlook upgrade was that the vicious cycle created by the pandemic was abating in India. During the pandemic, the weak real economy was hitting the financial markets, which was in turn hitting the real economy. According to Moody’s India appears to have broken out of that vicious cycle for now.

Among the 3 major global rating agencies, now Moody’s and S&P have placed India in the low investment grade with stable outlook. However, Fitch continues to position India in the low investment grade category with negative outlook. By upgrading the outlook to stable, Moody’s gives additional buffer to India as protection against downgrade to speculative.

Moody’s has been Impressed specifically by the sharp bounce in GDP, despite the pandemic. Moody’s underlined that the aggressive vaccination program that had inoculated more than 90 crore Indians was largely instrumental in making India less vulnerable to any resurgence of delta variants. The current account moving from deficit to surplus was also positive.

Moody’s has raised some pertinent concerns too.

i) Per Capita income at under $2,000 in absolute terms and $6,400 in PPP terms is much lower than the peer group.

ii) Moody’s also pointed that the fiscal deficit levels at 9.5% and 6.8% were too high for comfort. The combined deficit at 13.5% was another dampener.

iii) One area of concern was the spike in debt levels with average debt levels surging in 2021 to well above the peer group median.

iv) Moody’s also appreciated the role of the government and the RBI in helping India spend its way out of trouble, but insisted on continued reforms.

As Moody’s summed it up, India has never defaulted on any debt in the last 38 years. That should put investors in comfort zone.

Next Article

Fino Payments Bank gets SEBI Nod for IPO

Fino Payments Bank gets SEBI Nod for IPO
IPO
by 5paisa Research Team 06/10/2021

The digital driven Fintech player, Fino Payment Bank, has got SEBI approval for its proposed IPO. Fino Payments Bank had filed the DRHP for the IPO in the last week of July. According to estimates, Fino Payments Bank will raise Rs.1,300 crore through the IPO. The next steps are to set in motion the road shows and then file the RHP with the Registrar of Companies.

The IPO will be a combination of fresh issue of shares and an offer for sale. The fresh issue component is expected to be worth Rs.300 crore and the balance will be the OFS. In fact, Fino Payments Bank plans to offer a total of 1,56,02,999 shares at Rs.630-Rs.650 as part of the OFS, in which some of the early investors in the payment bank will dilute their stake.

The fresh issue inflow of Rs.300 crore will be used to enhance its Tier-1 capital as well as bankroll some of its growth plans in the near future. Fino Payments Bank is also contemplating a Rs.60 crore pre-IPO placement and if the same is successful, the total IPO size will be reduced proportionately to the extent of the pre-IPO placement.

Fino Payments Bank primarily operates as a digital platform for financial products and services and offers a one-stop financial solution. It follows an asset-light model with most of its revenues coming from a fee-based pricing model relying on fee and commission flows from merchant networks and other strategic relationships. This boosts ROI.

As of the close of the fiscal 2021, Fino Payments Bank had access to nearly 94% of the districts in India via its purely digital model. These businesses have benefited substantially from the sharply lower pricing of bandwidth and sharp improvements in telecom coverage and broadband capacities post the advent of Reliance Jio.

Check: Reliance AGM 2021

Fino Payments Bank broke even in the Mar-20 quarter and has been profitable in every quarter since then. In FY21, the Fino platform facilitated a total of 43.5 crore transactions with a gross transaction value of Rs.132,931 crore in aggregate. The digitally biased model ensures that growth is scalable limitlessly with limited additional investments required.

Also Read:-

1) List of Upcoming IPOs in October 2021

2) List of Upcoming IPOs in 2021

Next Article

HDFC Bank to Sell Strategic Stake in Financial Services ARM

HDFC Bank to Sell Strategic Stake in Financial Services ARM
by 5paisa Research Team 06/10/2021

Just a couple of months back, HDFC Bank had officially put off plans of an IPO for its financial services arm, HDB Financial. Incidentally, HDB Financial is 95% owned by HDFC Bank and focuses on select retail and mid-level corporate lending. Their product portfolio includes gold loans, SME loans, car loans, commercial vehicle finance, personal loans etc.

Just a couple of months after the decision, it is reported that HDFC Bank may adopt the strategic sale route to sell a stake in HDB. HDFC Bank has already appointed Morgan Stanley to scout for a buyer for the business. HDFC Bank is of the view that in a world obsessed with digital stories, institutions may  be better positioned to grasp the strategic value of HDB.

To begin with, HDFC Bank is reportedly looking at an overall valuation of $9 billion for HDB Financial and that type of valuations may be hard to get in an IPO. HDFC bank, for now, only plans to divest about 20-25% of their overall holdings. This strategic sale is likely to become the benchmark for pricing the IPO at a future date.

HDB Financial has about 87 lakh customers across all its loan products. Its total AUM or assets under management as of the end of FY21 stood at Rs.61,567 crore. HDB contributes about 5% of the bottom line of HDFC Bank, so it is still quite small in impact terms. Even the estimated valuation of HDB at around $9 billion is just 8% of the market cap of HDFC Bank.

The real challenge for HDB in the last few quarters has been two fold. They have seen loan yields fall due to the sustained rate cuts initiated by the RBI in last 2 years. Secondly, the pandemic and its aftermath have resulted in the gross non-performing assets or Gross NPAs spike for fiscal year 2021 to 7.75% of the total book.

On the positive side, HDB enjoys net interest margins (NIMs) of 7.5%, which is best in class in the entire industry. However, the bigger challenge for Morgan Stanley will be to find a buyer for a company where NPAs have spiked and where the competition is becoming intense from the array of digital players in the market.

Next Article

What is Driving the Rally in Oil Stocks in India?

What is Driving the Rally in Oil Stocks in India?
by 5paisa Research Team 06/10/2021

The market cap of ONGC crossed Rs.2 trillion mark after a very long time. The stock has rallied by over 35% in the last two months and this trend is visible across other upstream and downstream oil companies. What exactly is driving this enthusiastic response to the oil and gas stocks?

Company Name

CMP (06th Oct)

52-week Low Price

Returns from lows

ONGC Ltd

Rs.167.30

Rs.64.10

160.99%

Indian Oil

Rs.129.50

Rs.73.75

75.59%

Reliance Industries

Rs.2,554

Rs.1,830

39.56%

GAIL Ltd

Rs.165.35

Rs.81.20

103.63%

BPCL Ltd

Rs.446.85

Rs.325.00

37.49%

Oil India

Rs.248.85

Rs.83.50

198.02%


It is hard to imagine when was the last time we saw such a sharp rally in oil stocks. Clearly, the impact has been the most visible in the upstream oil extractors like ONGC and Oil India and the dedicated gas players like GAIL. For the upstream oil companies, the spike was a mix of positive tidings on oil price and also on gas prices.

The first reason is the sharp spike in crude oil prices. In the last one year crude prices have climbed from $30/bbl to $82/bbl. Currently, Brent Crude quotes at $82/bbl while WTI crude quotes at $79/bbl. For both the baskets of crude oil, this is the highest price level since the oil prices started falling in the last quarter of 2014. That has meant better realizations.

A spike in Brent Crude prices improves the landed price of crude and thus improves the realization per barrel. This has been a big positive for ONGC and Oil India, although Oil India has also gained from the stake sale in Numaligarh Refinery. Refiners gain as higher prices lead to better gross refining margins and also better translation value for inventories.

The other reason for the enthusiasm is the higher gas prices fixed by the government for the second quarter. For the regular gas finds, the government has hiked prices by 62% from $1.79 per BBMtu to $2.90 per BBMtu. In addition, the deep-water gas prices were raised to $6.13 per MMBtu. This is likely to be a big positive for the gas extractors like RIL and ONGC and also for transporters like GAIL.

Of course, some of downstream players like CGDs stand to lose, but the overall impact is likely to be positive for oil.

Read: Sectors dependent on crude Oil

Next Article

8 Stocks to Enter the Futures and Options (F&O) List from 29-Oct

8 More Stocks to Enter the F&O List from 29-Oct
by 5paisa Research Team 07/10/2021

With the trading in the futures and options segment already accounting for over 95% of overall trading volumes on the NSE in notional terms, the exchange and SEBI are looking to continuously expand this list of F&O eligible stocks. As per the SEBI circular dated 06-Oct-2021, 8 more stocks are being added to the list of stocks eligible for F&O trading effective 29-Oct.

It may be recollected that the regulator had just added 8 stocks to the F&O list on 01-Oct. The list of 8 stocks added on 01-Oct included Abbott India, Crompton Greaves, Dalmia Bharat, Delta Corp, India Cements, JK Cements, Oberoi Realty and Persistent Systems. That accretion to the list had taken the F&O eligible list from 172 to 180.

Check: 8 Stocks in F&O from October 2021

Now, effective from the new settlement starting on 29-Oct, SEBI has approved the addition of 8 more stocks to the F&O eligible list.
 

List of stocks to be added in Futures and Options (F&O) from November series

 

Serial No. Company Name NSE Symbol
1 Atul Ltd ATUL
2 Birlasoft Ltd BSOFT
3 Chambal Fertilizers Ltd CHAMBLFERT
4 Firstsource Solutions Ltd FSL
5 Gujarat State Petronet Ltd GSPL
6 Laurus Labs Ltd LAURUSLABS
7 SBI Cards and Payment Services Ltd SBICARD
8 Whirlpool of India Ltd WHIRLPOOL

Date Source: NSE Circulars

Of course, the final inclusion of these 8 stocks will be subject to fulfilment of eligibility criteria of the quarter sigma computation cycle for the month of October 2021.

The addition of the above 8 stocks will take the total number of eligible stocks in F&O from 180 to 188. The other details pertaining to the F&O contracts of these 8 stocks including market lot, scheme of strike prices and the quantity freeze limits will be intimated by the exchange separately on 28-October, a day before the F&O contracts on these 8 stocks go live.

Inclusion in the F&O list provides greater liquidity and narrower spreads as well as institutional arbitrage demand for the stock. Stocks included in the F&O are not subject to circuit filters applicable to individual stocks on the stock exchange. Currently, F&O contracts are available on 180 stocks and 3 indices.

Also Read:

I.)    5 Mantras for Trading Derivatives

II.)   5 Mantras for Trading in Futures

III).  5 Mantras for Trading in Options