on June 18th ICICI Bank aims to raise at least Rs 10,000 crore from investors, while DLF is raising between Rs 8,750 cr.
Very few countries have the financial strength to allow for a mega offer, and India is currently going to witness 2 mega offers back to back. So it is a very good news.
Looking at the previous issue, I think ICICI would price its issue at around 900/- (the stock was traded at 900/- today) which makes it very competitive. However it should be giving about a 5% discount (855/-) and/or an option to retail investors of partial upfront payment of application money.
Since it is a FPO (further public offer) investors should not expect much listing gains, but these 2 offers combined would make some investing sense.
There is no concept of annualized average returns in stock markets… its all a function of your alpha and beta.
-
UPDATE
ICICI Bank issue will be open from 19-22 June.
The Price band is an aggressive 885-950/- (plus there is a 50/- discount for retail) making it (835 – 900/-). Retail investors have to pay only 250/- per share at the time of their application 🙂
There is also an green shoe offer to protect your investments.
15th July: those who have applied to partially paid ICICI shares need to pay an additional 250/- bu 26th July.
5 replies on “ICICI Bank FPO”
I find the DLF issue highly priced.What do you say?
@prerna…
it is… that is why i wrote an article with 4 points not to invest in DLF.
Will it be a good proposition to invest in ICICI bank FPO for retail investors ?
i am putting my money in it… but ICICI is good only for a long term investment (6-12 months)… in short term i do not think you can probably make 30-40/- (provided market does not takes a dip)… but remember u might get full allotment to shares in this FPO, so just do not overstretch urself
iphone 5 wood case Cameras in phones today are beettr than nearly any consumer video camera you could buy up until the late 90s, offering beettr resolution and sometimes beettr overall images than even broadcast television from that SD period. Therefore, any modern equivalent of a casual or small project you’ve seen from the 70s, 80s, 90s will now be captured at quality beettr than broadcast standards from then, and shot on a camera about as big as a cassette tape or 8-track from that period (the 8-tracks have a larger screen, unlike the company that makes those cassettes).Yes properly planning your shoot, and bringing your dedicated camera, all your lenses, your mics, some fill lights, etc. ( I’ll bring all my shoes and glasses is how I like to say it, quoting the Jerky Boys) will yield beettr results.However, for many projects/unscheduled projects with constraints like travel, discretion, and immediacy, (or any combination of the three) the 1080p video captured by the iPhone is excellent. You’re subject to some pretty gnarly rolling shutter, but for many projects, it’s pretty good. Part of the reason smaller cameras have a hard time giving you convincing quality shots as you call them is because of the camera shake and a iphone 5 wood case like this is trying to reduce that.It’s that time of year where people are already preparing for an iPhone 5 launch, I don’t see it wise to waste money on a product designed for a model that is about the be last years news. This idea could easily be adapted into a universal one though. with the right tweaks it could be made to fit any phone. I see how folding and becoming smaller is a benefit, but making it fold up around the phone is likely working against the idea and it’s not a pleasant case’, per se. I think anyone finding this useful would put up with carrying it separately and attaching it when they wanted to shoot something.And of course, to put a twist on that old trope: it’s going to give you beettr results than not having a camera at all.I defy you to take a studio-quality portrait with a shoebox and some 35mm film. Not possible, it’s not gonna happen. The camera used has to be suited for the task at hand. There’s no denying that.I admit that skill does play into it, but consider this:A beettr quality camera always gives a beettr result in the hands of a seasoned professional, and makes it that much easier for an amateur to produce something that approaches professional-quality.