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India's Biggest IPO Enjoys Analyst Confidence Thanks To Attractive Valuation, Retail Investor Discount

India's Biggest IPO Enjoys Analyst Confidence Thanks To Attractive Valuation, Retail Investor Discount

得益于诱人的估值和散户投资者折扣,印度最大的首次公开募股获得了分析师的信心
Benzinga Real-time News ·  2022/05/04 18:57
  • India's largest IPO has started taking orders from individuals and other categories after attracting anchor investors, Bloomberg reports.
  • Retail investors can place their orders for shares of India's state-controlled Life Insurance Corporation until May 9.
  • Also Read: India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment
  • Retail investors will be allocated 35% of the stock on sale and will enjoy an ₹45 discount on the IPO price. 
  • LIC's policyholders will have 10% earmarked with ₹60 off on each share of the whole issue.
  • The $2.7 billion deal, slashed by more than half in size amid the war in Ukraine and rising interest rates worldwide, is critical for the Indian government to achieve its fiscal deficit target.
  • While the offer attracted wealth funds from Singapore and Norway, most institutional investors are local, with 15 domestic mutual funds accounting for 71% of the anchor allocation.
  • An analyst saw a limited downside given the attractive valuation as LIC shares were available at a significant discount to peers at the upper band of the issue price. The retail investor discount served as the cherry on the cake.
  • Photo via Wikimedia Commons
  • 彭博社报道,在吸引了主要投资者之后,印度最大的首次公开募股已开始接受个人和其他类别的订单。
  • 散户投资者可以下单购买印度国有控股的股票人寿保险公司直到 5 月 9 日。
  • 另请阅读:印度最大的首次公开募股在上市前筹集了7.36亿美元,吸引了外国投资
  • 散户投资者将获得在售股票的35%,并将享受IPO价格的45卢比折扣。
  • LIC的保单持有人将获得10%的专款,整个发行的每股可享受60卢比的折扣。
  • 在乌克兰战争和全球利率上升期间,这笔27亿美元的交易规模削减了一半以上,对于印度政府实现其财政赤字目标至关重要。
  • 尽管该优惠吸引了来自新加坡和挪威的财富基金,但大多数机构投资者都是本地人,其中15家国内共同基金占锚配置的71%。
  • 一位分析师认为,鉴于估值诱人,下行空间有限,因为按发行价格的上限,LIC股票的发行价格比同行大幅折扣。散户投资者的折扣简直是锦上添花。
  • 照片来自维基共享资源
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