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IPO Analysis - HDFC Asset Management Company

Neerja Agarwal / Article rating: 4.4

HDFC Asset Management Company (HDFC AMC) Limited is coming out with Offer for sale (OFS) of 2.5 crore shares having face value of Rs. 5 each. The offer will open from June 25, 2018 and will close on July 27, 2018. The price band for the OFS issue is Rs. 1,095 to Rs. 1,100 and the minimum lot size is 13 shares, which implies a minimum investment in the range of Rs. 14,235 to Rs. 14,300.

ICICI Securities IPO

Neerja Agarwal / Article rating: 3.2

Last year witnessed beginning of the trend of banks listing their different business arms, providing special business focus and raising funds to independently cater to their growth. We saw a wave of insurance companies being listed from both private and public sectors. The next in the line is ICICI Securities, which will get its own identity and and independent status from its parent ICICI Bank.

HG Infra Engineering - Good to Subscribe?

Neerja Agarwal / Article rating: 3.1

HG Infra Engineering plans to raise ~Rs.300cr through fresh issue of shares and ~Rs.162 cr. through offer for sale of 60 lakh shares. The offer will open from Feb. 26, 2018 to Feb. 28, 2018. HG Infra Engineering Ltd is engaged in infrastructure construction, development and management and is focused on road projects, including highways, bridges and flyovers. 


LTCG tends to cap returns in February and March

Neerja Agarwal / Article rating: 4.7

Finance Minister, Arun Jaitley in his budget speech introduced Long Term Capital Gains tax (LTCG) which will be applicable from April 1, 2018 onward. The LTCG, however, is being grandfathered . The stock highs of January 31 will be used to index the LTCG gains. This means when you sell a stock after April 2018 for price more than the high of the stock price on January 31, 2018, LTCG of 10 per cent will be applicable on the gains, which is exempt for gains uptill Rs. 1,00,000.

Corporate Tax rate slashed to 25% ; small cap index flat to positive

Neerja Agarwal / Article rating: No rating
Market was expecting the corporate tax rate to go down in the pre-election budget and benefit the companies. With focus on the budget for the MSME companies, finance minister gave big tax relief by slashing corporate tax rate to 25% from 30% earlier for FY18-19 for companies with revenue upto Rs.250cr.