09 December 2012
PC Jeweller: Invest In IPO :: Business Line
Investors with a high-risk perspective can subscribe to the initial public offering (IPO) of jewellery retailer PC Jeweller. The Delhi-based company, a major large-format player in North and Central India, has scaled up from 3 showrooms in FY-08 to 30 in 23 cities currently.
It plans to raise between Rs 556 crore to Rs 601 crore, most of which will be used to set up an additional 20 showrooms across the country by FY-14. At the price band of Rs 125- 135 per share and considering the 5 per cent discount for retail investors, the stock discounts its annualised FY-13 earnings by around 7.5 – 8 times.
This is lower than what peers such as Tara Jewels, Thangamayil Jewellery, Gitanjali Gems and TBZ trade at (between 8.5 to 30 times).
Tax Talk - Dec 10- :: Business Line
I plan to go for an MBA and want to take a loan for it. What are the tax benefits available on the loan? Does my father also get the benefits in case he takes the loan?
- Sachin
9 Dec, IPO, Grey market premium
|
IPO
|
Opening Dt
|
Closing Dt
|
Band
|
Retail Discount
|
Grey Market Premium
|
|
Veto
|
|
|
48-50
|
0
|
Discount
|
|
|
|
|
|
|
|
|
CARE
|
07-Dec-12
|
11-Dec-12
|
700 - 750
|
0
|
150
|
|
|
|
|
|
|
|
|
PC Jeweller Limited
|
10-Dec-12
|
12-Dec-12
|
125 - 135
|
5
|
10
|
|
|
|
|
|
|
|
|
BHARTI INFRATEL
|
11-Dec-12
|
14-Dec-12
|
210 - 240
|
10
|
Discount
|
|
|
|
|
|
|
|
|
Rural Electrification (REC) NCD
|
03-Dec-12
|
10-Dec-12
|
1000
|
0
|
80
|
A new lease of life for IPOs :: Business Line
The few issuers that braved the primary market so far in 2012 seem to have given a fairer deal to investors.
Sometimes, a bear market can accomplish what years of regulatory effort can’t. Just consider the changes in the primary market over the last one year.
For much of the past decade, putting money in initial public offers (IPOs) has been a mug’s game for most Indian investors. Companies and their promoters have tended to leave as little money on the table as possible for prospective investors.
The timing of most offers to bull markets also makes sure that this ‘premium’ is extracted over already steep market valuations, on the assumption that investors will flock to them no matter what.
Investors do, and when the tide turns, they often find that companies cannot deliver to those sky-high expectations. Stock prices then tank, leaving investors with measly pickings.
Investment Focus - GSFC: Buy:: :: Business Line
Investors with a one/two-year horizon can consider investing in the stock of the country’s leading complex fertiliser producer, GSFC. Besides the company’s robust fundamentals, the 15 per cent correction in the stock price over the last six months has made it attractive from a medium to long term perspective. At the current market price of Rs 72, the stock trades at 4.2 times the FY14 earnings, translating into a 57 per cent discount to its competitor Coromandel International.
How to adjust retirement portfolio for inflation :: Business Line
We received several queries about last week’s discussion in this column on managing your standard of living with commodity investments.
One such question was: Is inflation an important factor for retirement portfolio, given the long-term nature of the investment? In this article, we discuss when and how you should consider inflation in your retirement portfolio.
Subscribe to:
Posts (Atom)