Richer Investor

Now for the record it’s the IPO shower out here. We have already been discussing on several IPOs that came in this month. Now it’s the tip of the iceberg here with AU Financiers (India) Ltd. AU Financiers (India) Ltd is a NBFC and a small bank based out of Jaipur. The issue size is roughly Rs 1913 Crores at a price of Rs 358 Rs per share and is being offered at a lot size of 41 shares. The issue opens on 28th June 2017 and will be open till 30th June 2017.


So the Golden Question again…. Should you invest in Au Financiers Ltd????
Lets do the run down one by one then… shall we…..
About the Company!!!
The company is a NBFC which serves the low and middle income groups who have limited or no access to banking channels. It helps India in achieving financial inclusion on an larger scale. The company focuses on three segments: Vehicle loans, MSME loans and SME Loans. The company is categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve…

Hello Friends,
We meet again for IPOs of course. I guess the Indian Markets are being blessed with IPOs this season.  Nevertheless another IPO debutante is planning to come out to the crease. The IPO we are gonna talk about today is GTPL Hathway Ltd. Now we don’t see much joint venture entering the market. So have all your experiments done with this one friends. The issue is being offered at a price band of Rs 167 to 170 with a minimum lot of 88 shares. The issue opens on 21st June 2017 and closes on 23rd June 2017.

About the company!!!
India went for digitization of all television connections not so long ago and since then we have seen many companies jumping into that opportunity. GTPL Hathway is also one of them.  It offers MSO i.e cable tv operations along with internet. GTPL primarily operates in Gujarat, apart from Maharashtra, Rajasthan, West Bengal, Andra Pradesh, Telangana and Assam. They are trying to expend further and reach Pan India level. As of now the company operates in ov…

Hello friends,
Welcome again for another article on IPO. Now I know we are concentrating on IPOs more in recent times but its IPO flood out there and we all are trying to swim through it catching the bigger fish from the waters. So without ado, the IPO we are gonna discuss about today is called Central Depository Services (India) Limited. The issue has opened on 19th June 2017 and shall close on 21st June 2017. This issue is demanding a maximum of Rs 149 per share with a minimum lot of 100 shares.


So should you invest in CDSL?
To answer this question lets look into the hood of the company shall we……
About the Company!!!!
As the name suggests the company provides Depository Services. Apart from that: 1.The company also provides Corporate Action Services such as conversion of securities, bonus etc. 2.It also provides facilities to hold Insurance Policies in electronic form. 3.Other services range from e- voting, e-Locker, National Acadamy Depository, easi, easiest, etc
      The company is one…

Hey there. All you bright investors out there!!! Welcome to today’s article. It’s raining IPOs here and we are meeting  yet another IPO which is open from 17th June 2017 to 21st June 2017. Yes friends the IPO we are gonna discuss today is Eris Lifesciences Ltd.


So let’s see if it’s a thumps up or a thumps down!!!
About the Company!!!
Eris is a company venturing in Pharma products of select therapeutic areas within the chronic and acute categories of the IPM, such as: cardiovascular; anti-diabetics; vitamins; gastroenterology; and anti-invectives’. It’s focusing on developing products in the chronic and acute category which are linked to lifestyle related disorders. The company had around 56 mother brand groups as on 31.03.2016. It has its owned manufacturing facility in Assam. However some of the products are outsourced.
Utilization of Funds!!!
Since it’s a sale from of the shareholders stake, no proceeds will be received by the company. Financials!!!
Now let’s dive into the most importa…