Indigo Paints Limited IPO subscribed 117.02 times and Retail part subscribed 15.93 times on Last day

The initial public offer (IPO) of Indigo Paints Limited subscribed 117.02 times on Friday the last day of the offering data from stock exchanges show.

Indigo Paints Limited had set a price band of Rs 1488-1490 per share and the IPO closed on 22nd January.

The portion of shares reserved for Qualified institutional investors was subscribed 189.56 times, while shares reserved for retail investors was subscribed 15.93 times. 

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Indian Railway Finance Corporation Limited IPO subscribed 3.48 times and Retail part subscribed 3.64 times on Last day till 5PM

The initial public offer (IPO) of Indian Railway Finance Corporation Limited subscribed 3.48 times on Wednesday the last day of the offering data from stock exchanges show.

Indian Railway Finance Corporation Limited had set a price band of Rs 25-26 per share and the IPO closed on 20th January.

The portion of shares reserved for Qualified institutional investors was subscribed 3.78 times, while shares reserved for retail investors was subscribed 3.64 times.

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Home First Finance Company India Limited IPO opens for subscriptions from Jan 21, 2021

You can apply on click on Link

Home First Finance Company is an affordable housing finance company. The company primarily handle the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2019, it has serviced a total of 37,086 active loans.

The company has a diverse lead generation source channel including connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2019, the business has a strong branch network of 65 branches across 60 districts in 11 different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.

Company Strengths

• Technology-driven affordable housing company.
• Strong penetration in the largest housing finance market.
• Diversified lead source channel.
• Experienced and qualified managerial team.

Company Promoters

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

Company Financials

Particulars	For the year/period ended (Rs in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	37,221.96	34,796.11	24,820.05	13,649.42
Total Revenue	2,431.93	4,196.57	2,709.21	1,342.37
Profit After Tax	529.53	792.49	452.04	159.96

IPO Detail 

Issue Size - Eq Shares of Rs 2 (aggregating up to Rs 1153.72 Cr) 

Fresh Issue - Eq Shares of Rs 2 (aggregating up to Rs 265 Cr) 

Offer for Sale - Eq Shares of Rs 2 (aggregating up to Rs 888.72 Cr)

IPO Price - Rs 517 to Rs 518 per equity share

Market Lot - 28 Shares ( Min Order quantity )

Maximum Order Quantity for Retail - 364 Shares ( 13 Lots )

IPO Close Date - Jan 25, 2021

Finalisation of Basis of Allotment - Jan 29, 2021

Initiation of Refunds - Feb 01, 2021

Credit of Shares to Demat Account - Feb 02, 2021

IPO Shares Listing Date - Feb 03, 2021

Indian Railway Finance Corporation Limited IPO opens for subscriptions from Jan 18, 2021

You can apply on click on Link

Indian Railway Finance Corporation Limited incorporated in 1986, IRFC is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 billion accounting for 39.34% expenditures.

Competitive strengths

• Strategic role in Indian Railways growth.
• Competitive cost of borrowing.
• Strong financial performance and experienced management team
• Sound asset-liability management.

Company Promoters

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Company Financials

Particulars	For the year/period ended (Rs in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	29,19,865.81	27,55,041.29	20,64,382.95	16,14,510.41
Total Revenue	73,848.29	1,34,210.90	1,09,873.55	92,078.39
Profit After Tax	18,868.41	31,920.96	21,399.33	20,014.60

IPO Detail 

Issue Size - 1,782,069,000 Eq Shares of Rs 10 (aggregating up to Rs 4633.48 Cr) 

Fresh Issue - 1,188,046,000 Eq Shares of Rs 10 (aggregating up to Rs Cr) 

Offer for Sale - 594,023,000 Eq Shares of Rs 10 (aggregating up to Rs Cr)

IPO Price - Rs 25 to Rs 26 per equity share

Market Lot - 575 Shares ( Min Order quantity )

Maximum Order Quantity for Retail - 7475 Shares ( 13 Lots )

IPO Close Date - Jan 20, 2021

Finalisation of Basis of Allotment - Jan 25, 2021

Initiation of Refunds - Jan 27, 2021

Credit of Shares to Demat Account - Jan 28, 2021

IPO Shares Listing Date - Jan 29, 2021

Indigo Paints Limited IPO opens for subscriptions from Jan 20, 2021

You can apply on click on Link

Indigo Paints Limited fastest-growing paint companies in India and in terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints. It is the first company that started manufacturing certain differentiated products like Metallic Emulsions, Bright Ceiling Coat Emulsions, Tile Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Floor Coat Emulsions, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel. The sales from these differentiated products are continuously growing as it was 26.68% in 2018 increased to 28.62% in fiscal 2020.

Indigo Paints has a strong market network with dealers in Tier 1, Tier 2, and Metros as well. It has 3 manufacturing facilities situated in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). It is further looking to expand its manufacturing capacities at Pudukkottai to manufacture water-based paints.

Competitive strengths

• Large product portfolio with differentiated products.
• Well-proven, and consistent growth track record.
• Strong brand equity and extensive network distribution.
• Strategically located manufacturing facilities.

Company Promoters:

Hemant Jalan, Anita Jalan, Parag Jalan, Kamala Prasad Jalan, Tara Devi Jalan and Halogen Chemicals Private Limited are the promoters of the company.

Company Financials :

Particulars	For the year/period ended (Rs in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,112.91	4,219.59	3,731.83	2,973.94
Total Revenue	2,602.43	6,264.36	5,372.62	4,031.05
Profit After Tax	272.05	478.15	268.70	128.62

IPO Detail  :

Issue Size - Eq Shares of Rs 10 (aggregating up to Rs 1176 Cr) 

Fresh Issue - Eq Shares of Rs 10 (aggregating up to Rs 300 Cr) 

Offer for Sale - Eq Shares of Rs 10 (aggregating up to Rs Cr)

IPO Price - Rs 1488 to Rs 1490 per equity share

Market Lot - 10 Shares ( Min Order quantity )

Maximum Order Quantity for Retail - 130 Shares ( 13 Lots )

IPO Close Date - Jan 22, 2021

Finalisation of Basis of Allotment - Jan 28, 2021

Initiation of Refunds - Jan 29, 2021

Credit of Shares to Demat Account - Feb 01, 2021

IPO Shares Listing Date - Feb 02, 2021

Sovereign Gold Bond (SGB) will be opened for subscription at Rs 4950/gram for period Dec 28, 2020 to Jan 01, 2021

Sovereign Gold Bond (SGB) next tranche will be opened for subscription for period Dec 28, 2020 to Jan 01, 2021. Sovereign Gold Bond 2020-21 is issued by RBI on behalf of the GOI. The issue price for the SGB has been fixed at Rs 5000/gram ( For investors applying online in demat mode and payment against application is made through digital mode, the rate is Rs 4950/gram).

The nominal value of the bond based on the simple average closing price for Gold of the last three business days of the week preceding the subscription period.

The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.

The bonds are denominated in multiples of gram of Gold with a basic unit of 1 gram.The minimum investment limit will be 1 gram and the maximum limit of subscription shall be 4 kg for individual, 4 kg for HUF and 20 kg for trusts universities and charitable institutions for financial year (April-March).and the tenor of the SGB will be eight years with exit option after 5th year to be exercised on the interest payment date. SGB will be tradable on both excahnge (NSE and BSE).

The Gold bond will be sold through banks, Stock Holding Corporation of India, designated post offices, and recognised stock exchanges (NSE and BSE).

Investors can check other details of Gold bond on RBI website.

Apart from this, RBI announced date of issuance of upcoming Gold bond tranches.

Sr. No.	Tranche	Date of Subscription	Date of Issuance
1	2020-21 Series X	January 11-15, 2021	January 19, 2021
2	2020-21 Series XI	February 01- 05, 2021	February 09, 2021
3	2020-21 Series XII	March 01- 05, 2021	March 09, 2021