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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

印度最大的 IPO 享有分析師信心得益於吸引人的估值和零售投資者折扣
Benzinga Real-time News ·  2022/05/04 19:03
  • 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
  • 彭博社報導，印度最大的 IPO 在吸引了主要投資者之後開始接受個人和其他類別的訂單。
  • 散戶投資者可以下訂單購買印度國家控制的股票人壽保險公司直到 5 月 9 日。
  • 相關閱讀：印度最大的 IPO 在上市前籌集了 736 億美元，吸引了外國投資
  • 散戶投資者將獲發售股票的 35%，並可享有首次公開招股價的 45 元折扣。
  • LIC 的保單持有人將在整個發行中的每一份額中獲得 10％ 的折扣。
  • 在烏克蘭戰爭和全球利率上升的情況下，這筆 27 億美元的交易規模削減了一半以上，對印度政府實現財政赤字目標至關重要。
  • 儘管該報價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投資者，其中 15 個國內共同基金佔主要配置的 71％。
  • 鑑於估值吸引，一位分析師看到有限的下行情況，因為 LIC 股票在發行價格的上限帶向同行提供了大幅折扣。散戶投資者折扣作為蛋糕上的櫻桃。
  • 通過維基共享資源照

譯文內容由第三人軟體翻譯。


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