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
得益於誘人的估值和散戶投資者折扣，印度最大的首次公開募股獲得了分析師的信心
- 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
- 彭博社報道，在吸引了主要投資者之後，印度最大的首次公開募股已開始接受個人和其他類別的訂單。
- 散戶投資者可以下單購買印度國有控股的股票人壽保險公司直到 5 月 9 日。
- 另請閱讀：印度最大的首次公開募股在上市前籌集了7.36億美元，吸引了外國投資
- 散戶投資者將獲得在售股票的35％，並將享受IPO價格的45盧比折扣。
- LIC的保單持有人將獲得10％的專款，整個發行的每股可享受60盧比的折扣。
- 在烏克蘭戰爭和全球利率上升期間，這筆27億美元的交易規模削減了一半以上，對於印度政府實現其財政赤字目標至關重要。
- 儘管該優惠吸引了來自新加坡和挪威的財富基金，但大多數機構投資者都是本地人，其中15家國內共同基金佔錨配置的71％。
- 一位分析師認爲，鑑於估值誘人，下行空間有限，因爲按發行價格的上限，LIC股票的發行價格比同行大幅折扣。散戶投資者的折扣簡直是錦上添花。
- 照片來自維基共享資源