Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
As per the news published in the Financial Express, Suryoday Small Finance Bank has raised 64 cr from 6 different investors. The six investors were <strong>Gaja Capital, Kotak Life, Lok Capital, TIAA, and Kiran Vyapar.</strong><!--more--> The value at which this private placement is done not yet known. However, <span style="text-decoration: underline;"><strong><a href="https://unlistedzone.com/suryoday-small-finance-bank-is-issuing-shares-18-02-2020/">lately to comply with RBI regulation, the Suryoday Small Finance Bank has issued 50 Lakh shares in Feb-20, at price of Rs. 180 per share.</a></strong></span> This fundraising has come at the very right time for the bank as the financial industry is struggling to cope up with the enormous destruction going on in the economy due to COVID-19. Suryoday Small Finance Bank had earlier launched a working capital loan product for its microfinance institutions (MFI) customers to meet their urgent liquidity requirements during the Covid-19 lockdown. Under the scheme, customers can avail the working capital loan of Rs 5,000 at one go or in tranches, depending on their requirements. The product was crafted in such a way, that customers will pay interest only when he uses the money. Suryoday Small Finance has an advance book of Rs.3208 Cr as on 31.12.2019. Currently, the share is available at Rs.260-270 in the <span style="text-decoration: underline;"><strong><a href="http://www.unlistedzone.com">Unlisted Market.</a></strong></span>
<strong><u>Fino Paytech Performance FY 20</u></strong> <strong>(i)</strong> Fino Paytech has hit operational profitability and reduced its net loss by 50% for the last financial year.<!--more--> <strong>(ii)</strong> Fino reported a net revenue of Rs 689 crore, up 86 percent from Rs 370 crore in FY 2019. <strong>(iii)</strong> First payments bank to achieve profitability at scale while leveraging the core business of driving financial inclusion and digital payments beyond metropolitan India. <strong>(iv)</strong> Fino has facilitated transactions worth Rs 1 lakh crore in FY20, doubling from the previous year. <strong>(v)</strong> Fino processed 380 million last year against 195 million in FY19. <strong>(vi)</strong> Fino has increased its savings and current accounts base by 65% last year. <strong>(vii)</strong> While COVID-19 has had a massive impact on the digital payments and financial services industry, Fino is confident of getting back to its pre-COVID-19 business volumes within the next few months. <strong>(viii)</strong> Fino operates 2 lakh banking points directly and another 2 lakh through partners. <strong>(ix)</strong> Fino has set an aim to reach 10 lakh points in the next two to three years.
<p>Please find the proposal to sell unlisted shares at UnlistedZone.</p> <!--more--> <p>1. We will confirm our buying price.</p> <p>2. We will give you our client master report and you will transfer the shares to our account.</p> <p>3. We will ask for bank details of you once the shares are received in our Demat account.</p> <p>4. We will transfer the funds in your account within 24 hrs of receiving the shares.</p> <p>5. Payment will be made in RTGS / NEFT / IMPS/ CHEQUE TRANSFER. No CASH DEPOSIT.</p> <p>6. Payment will be given in the same account which is linked to the Demat account.</p> <p>7. Happy investing. For any inquiry please contact the below-mentioned number.</p> <p> </p> <p><strong>Dinesh Gupta</strong> <strong>Partner, </strong></p> <p><strong>8010009625</strong></p> <p><strong>UnlistedZone- Best Place to Buy and Sell Unlisted Shares in India</strong></p>
Bira 91, a craft beer brand manufactured by B9 Beverages Pvt. Ltd has raised Rs 38.08 crore ($5 million) from its existing investors, Sequoia India and Belgium-based investment firm Sofina, according to a report by INC42.<!--more--> The company, established in 2015, has reportedly raised the funding in two tranches this month, thereby offering a total of 6,34,740 preference shares at a face value of Rs 15 with a premium of Rs 585 per share worth Rs 38.08 crore, the report added. Of the total amount raised in the current transaction, Sofina has reportedly put in Rs 22.84 crore on May 18, while Sequoia has invested as much as Rs 15.23 crore on May 15. Bira 91 recently made headlines when it raised as much as $30 million from the two investors in April, with the participation of Mumbai-based consumer-focused venture capital fund, Sixth Sense Ventures, Korean private equity fund Neoplux, and certain family offices. The funds raised will help the company expand its operations in the country and consolidate its leadership position in the premium beer market where it is said to enjoy over 20% market share. The latest round comes in at a time when discussions over home delivery of alcohol are doing the rounds amidst the lockdown that has forced people to stay at home due to the COVID-19 scare. Bira 91 is currently available in a slew of flavors and has a presence across cities such as Delhi-NCR, Mumbai, Goa, Kolkata, Bengaluru, Pune, and Chandigarh. It has two breweries in Andhra Pradesh and Karnataka. <strong>UnlistedZone:</strong> This latest funding round has valued Bira 91 at ~2500 Cr. In 2019, when they raised 30 cr from Sixth Sense Ventures they were valued at ~ 1800 Cr. <strong>Source: Dealstreetasia.com </strong>
<span style="font-size: 14pt;">1. As per the report published in TOI, e-commerce giant <a href="https://unlistedzone.com/shares/reliance-retail-limited-unlisted-shares/">Reliance Retail</a> is trying to enter in pharmacy business by looking at buying a stake in Netmeds.</span> <span style="font-size: 14pt;">2. <a href="https://www.netmeds.com/about-us">Netmeds</a> last month has tied up with Reliance retail to sell their medicine from their online portal. It is reported that Netmeds was facing an issue in supplying drugs during the lockdown.</span> <span style="font-size: 14pt;">3. Netmeds.com, India Ki Pharmacy, is brought to you by the Dadha & Company – one of India’s most trusted pharmacies, with over 100 years’ experience in dispensing quality medicines. The company has started selling medicine online in 2010.</span> <span style="font-size: 14pt;">4. If Reliance retail gets successful in gaining stakes in Netmeds it will open new revenue avenues going forward.</span>
As per the news published in the business-standard, <span style="text-decoration: underline;"><a href="https://www.business-standard.com/article/markets/iex-plans-to-acquire-15-stake-in-reliance-adag-platform-icex-120042700301_1.html"> IEX( Indian Energy Exchange) is looking to buy a 15% stake in ICEX for Rs. 150 cr</a>.</span> That means valuing the ICEX at Rs. 1000 Cr. The matter has gone to SEBI because as per law, <strong>IEX</strong>- a non-exchange, can't have more than a 5% stake in <strong>ICEX-</strong> the exchange. So, SEBI approval is required to buy 15% stake in the exchange. As per sources, ICEX is looking to utilize Rs. 100 on setting up its own clearing corporation as per SEBI regulation, currently it is using services of MSEI for clearing, and rest 50 cr will be used for product development and marketing. <span style="font-size: 14pt;"><strong>UnlistedZone View</strong></span> As per the annual report of 2018-19, the ICEX has total ~ 53 Cr outstanding shares. So, if we consider the total Mcap of Rs. 1000, the unlisted price of shares comes out to be ~ Rs. 18. Currently, it is trading at Rs. 13-14 in the unlisted market.
Nazara Technology has given notice vide which the Extraordinary- AGM which was originally scheduled on March 30, 2020, is adjourned, and will now be held on Tuesday, April 28, 2020, at 11.00 A.M. through Video Conference along with e-voting facility. <strong>The following business activities will be considered in the AGM.</strong> <strong>1.</strong> Approval for Reclassification of the Authorised Share Capital of the Company and consequent Alteration of Memorandum of Association. <strong>2</strong>. Alteration of the Capital Clause in the Articles of Association of the Company. <strong>3.</strong> Offer and Issue of equity shares for consideration other than cash on a private placement basis. <span style="font-size: 14pt;"><strong>UnlistedZone View:</strong></span> Nazara Technology is the biggest beneficiary of COVID-19 as more and more people are playing games in the lockdown time. Moreover, we have seen after JIO-FB deal, why Mr. Mukesh Ambani is going gung-ho on the gaming industry. So, the future is great for gamers. The more mature market like the USA the gaming industry is growing at a great pace and moreover, gaming is a profession unlike leisure activity in India. So, as more and more youth will take gaming as a profession, the industry will grow exponentially. Below, is the video of Mr. Nitish Mittersain the founder of Nazara Tech with ET Now. <iframe src="https://www.youtube.com/embed/bfdfgk50wFY" width="826" height="465" frameborder="0" allowfullscreen="allowfullscreen"></iframe> The AGM is going to conduct on 28.04.2020 and is basically happening to raise money from investors. The interesting thing would be looking at what price they will raise funds. Last year, they have done private placement at Rs.729 per share. Due to recent meltdown in the market, Nazara Technology is currently available in the unlisted market at Rs. 575 per share. The price looks quite decent for game lovers. Check below link for more detail about the share, <span style="text-decoration: underline;"><a href="https://unlistedzone.com/shares/nazara-technologies-share-price-buy-sell-nazara-technologies-unlisted-shares/">https://unlistedzone.com/shares/nazara-technologies-share-price-buy-sell-nazara-technologies-unlisted-shares/</a></span>
Below is the transcript of the con-call done with MD of Star Health Insurance. As per him, the COVID-19 will bring lot of attention towards health Insurance. As per Dr S Prakash, MD of Star Health insurance, the following would be the impact of COVID-19 on the health insurance industry. <strong>(1)</strong> Indian markets are massively underpenetrated with just 3-4% Indian’s having an individual retail health policy. <strong>(2)</strong> Dr. Prakash expects a significant improvement in insurance penetration post-Covid-19, a trend seen in other geographies in the past. <strong> (3)</strong> insurance companies will focus on increasing the use of technology leading to faster turnaround and lower distribution costs. <strong>(4)</strong> claims for COVID-19 patients are significantly higher though it is too early to comment on the impact on the industry. As of now, the Star Health Insurance Unlisted Share is not available in the unlisted market. However, if anyone is interested in doing investment in the health insurance sector, then they can check <strong>Religare Health Insurance Unlisted shares.</strong> <strong>Interested folks can email to UnlistedZone at [email protected].</strong>
<p>On 16.04.2020, the HDFC Securities has informed on BSE regarding its yearly financials. And not to anyone surprise, the stock-broker has shown phenomenal growth amid the slowdown in trading activity during FY19-20. Below, is the snapshot of the results and comparison with last year. <br /><br /><strong>(Figures are in Cr.)</strong></p> <!--more--> <table style="border-collapse: collapse; width: 288pt;" border="0" width="384" cellspacing="0" cellpadding="0"><colgroup> <col style="width: 48pt;" span="6" width="64" /> </colgroup> <tbody> <tr style="height: 15.0pt;"> <td class="xl65" style="height: 15pt; width: 48pt; text-align: center;" width="64" height="20"><strong>Year</strong></td> <td class="xl65" style="width: 48pt; text-align: center;" width="64"><strong>Revenue</strong></td> <td class="xl65" style="width: 48pt; text-align: center;" width="64"><strong>Expense</strong></td> <td class="xl65" style="width: 48pt; text-align: center;" width="64"><strong>PAT</strong></td> <td class="xl65" style="width: 48pt; text-align: center;" width="64"><strong>Shares</strong></td> <td class="xl65" style="width: 48pt; text-align: center;" width="64"><strong>EPS</strong></td> </tr> <tr style="height: 15.0pt;"> <td class="xl65" style="height: 15pt; text-align: center;" height="20">2019</td> <td class="xl65" style="text-align: center;">770</td> <td class="xl65" style="text-align: center;">275</td> <td class="xl65" style="text-align: center;">329</td> <td class="xl65" style="text-align: center;">1.561</td> <td class="xl65" style="text-align: center;">210.73</td> </tr> <tr style="height: 15.0pt;"> <td class="xl65" style="height: 15pt; text-align: center;" height="20">2020</td> <td class="xl65" style="text-align: center;">857</td> <td class="xl65" style="text-align: center;">353</td> <td class="xl65" style="text-align: center;">384</td> <td class="xl65" style="text-align: center;">1.573</td> <td class="xl65" style="text-align: center;">244.1</td> </tr> </tbody> </table> <p><strong><br />1</strong>. HDFC Securities has shown a robust growth of 11.29% in top-line despite a slowdown. Two main sources of the revneue i.e the brokerage Income has shown growth of 5.36%, & Interest Income has shown a growth of 145%. <br /><br /><strong>2</strong>. The PAT has shown a growth of 16.71% in FY20 as compared to last year. <br /><br /><strong>3</strong>. In FY20, Employee benefit expense has gone to 196 cr as compared to 152 cr last year. <br /><br /><strong>4</strong>. Currently, it is trading at Rs.7500 in the Unlisted market, valuing the company at 11,797 Cr, while its nearest pear, ICICI Securities, is trading at 10,950 Cr. However, the revenue of ICICI Securities in FY19 was almost twice that of HDFC Securities. <br /><br />The results can be accessed at<span style="font-size: 14pt;"><strong><a href="https://unlistedzone.com/storage/knowledge-logo/025f7d01-e4c7-4e73-b1bf-191ffa26643d.pdf"> link.</a></strong></span> </p>
In India, there are a lot of traders in the market who deal in Steel, Rubber, and Diamond business. The risk in trading is always associated with a sudden rise and fall in the prices of these commodities. Let us understand the same with an example. As a trader, you have purchased 10,000 kg Steel at a price of Rs.1000 per kg by paying <strong>1 Cr</strong> and it would take 60 days to sell this 10,000 Kg in the market after adding your commission. In the meanwhile, due to less demand in the market, the prices of Steel fell to Rs.800 per kg. Now, what is the solution? You are staring at a big loss, huh!! Don't worry, here, the role of exchanges like the <strong>Indian Commodity Exchange</strong> comes into the picture. They basically provide you the insurance against the fall in price, how? The day you purchase 10,000 Kg of Steel by paying 1 Cr, had you sell future contracts of the value equivalent of Steel on <strong>ICEX platform</strong>, you would have earned the money when the price of steel fell to Rs. 800 from ICEX exchange. So, your loss in physical Steel price could have compensated by earning in exchanges. This is called hedging or insurance against the fall in price. For more understanding, let us watch this video: <span style="font-size: 14pt;"><strong>What is Hedging or Insurance?</strong></span> <iframe src="https://www.youtube.com/embed/z8JbADGTf3o?list=PLNHNplNwA35a5i6E3J8IDthrM0dHhYfuS" width="677" height="381" frameborder="0" allowfullscreen="allowfullscreen"></iframe> <span style="font-size: 14pt;"><strong>How it Work?</strong></span> <iframe src="https://www.youtube.com/embed/ezzz58y9do8?list=PLNHNplNwA35a5i6E3J8IDthrM0dHhYfuS" width="677" height="381" frameborder="0" allowfullscreen="allowfullscreen"></iframe>
The market due to COVID-19 pandemic has corrected to a low of 7500 on Nifty from a high of 12500 in a month's time. The unprecedented impact on the economy has left Dalal street bleeding. And similarly listed small finance banks such as <strong>Ujjivan SFBs</strong> and <strong>AU Small Finance Bank</strong> have also corrected more than 50% in the last 1 month. However, the impact of the meaningful correction on indexes has little effect on Unlisted Shares due to low liquidity. So, today we thought of doing quick research and comparison on various banking parameters to check how unlisted SFB i.e. <strong>Suryoday Small Finance Bank,</strong> is fairing among the listed giants. <strong>1)</strong> The below data shows Loan book, Borrowing, Deposit, CASA, NIM, & G.NPA of FY18-19 and loan book growth of the last 3 years i.e. 2017,2018 & 2019. If we can see carefully, all the SFBs have enjoyed a healthy loan book growth in the last 3 years. <div class="table-overflow-init"> <table width="932"> <tbody> <tr> <td style="text-align: center;" width="252"><strong>SFB</strong></td> <td style="text-align: center;" width="133"><strong>Loan book</strong></td> <td style="text-align: center;" width="112"><strong>Borrowing</strong></td> <td style="text-align: center;" width="129"><strong>Deposit</strong></td> <td style="text-align: center;" width="84"><strong>CASA</strong></td> <td style="text-align: center;" width="101"><strong>NIM</strong></td> <td style="text-align: center;" width="121"><strong>G.NPA</strong></td> </tr> <tr> <td style="text-align: center;">AU SFB</td> <td style="text-align: center;">22,818 Cr</td> <td style="text-align: center;">8613 Cr</td> <td style="text-align: center;">19422 Cr</td> <td style="text-align: center;">18.43%</td> <td style="text-align: center;">5.50%</td> <td style="text-align: center;">2%</td> </tr> <tr> <td style="text-align: center;">Ujjivan SFB</td> <td style="text-align: center;">10,522 Cr</td> <td style="text-align: center;">4166 Cr</td> <td style="text-align: center;">7379 Cr</td> <td style="text-align: center;">10.63%</td> <td style="text-align: center;">10.93%</td> <td style="text-align: center;">0.92%</td> </tr> <tr> <td style="text-align: center;">Suryoday FB</td> <td style="text-align: center;">2711 Cr</td> <td style="text-align: center;">1124 Cr</td> <td style="text-align: center;">1593 Cr</td> <td style="text-align: center;">11.20%</td> <td style="text-align: center;">12.26%</td> <td style="text-align: center;">1.80%</td> </tr> </tbody> </table> </div> <strong>a)</strong> AU SFB is the giant among three SFBs. Having a loan book twice of Ujjivan and 8x to Suryoday SFBs. <strong>b)</strong> CASA means a <strong>Current Account and Saving Account.</strong> Every bank dream is to have this number as large as possible of the total deposit because they need to give very fewer interest rates to these types of deposits. AU Small Finance bank highest CASA of 18.43% as compared to the other two. <strong>c)</strong> Gross. NPA is quite manageable for all the three SFBs. <strong>2) </strong> Let us see now some of the valuation and profitability parameters. The share price as on 09.04.2020 is taken for calculation of P/B and Book value of 2018-19 is taken as reference. The unlisted price of Rs.350 is taken for Suryoda SFB. On comparison, we find that AU SFB despite correction from 750 to 496 in the last one month still trailing at P/B of 4.59 and costliest SFB among all <div class="table-overflow-init"> <table width="384"> <tbody> <tr> <td style="text-align: center;" width="64"><strong>SFBs</strong></td> <td style="text-align: center;" width="64"><strong>Book Value</strong></td> <td style="text-align: center;" width="64"><strong>ROE</strong></td> <td style="text-align: center;" width="64"><strong>Price</strong></td> <td style="text-align: center;" width="64"><strong>P/B</strong></td> <td style="text-align: center;" width="64"><strong>Mcap</strong></td> </tr> <tr> <td style="text-align: center;" width="64">AU SFB</td> <td style="text-align: center;" width="64">108</td> <td style="text-align: center;" width="64">13.10%</td> <td style="text-align: center;" width="64">496</td> <td style="text-align: center;" width="64">4.59</td> <td style="text-align: center;" width="64">15097 Cr</td> </tr> <tr> <td style="text-align: center;" width="64">Ujjivan SFB</td> <td style="text-align: center;" width="64">11.09</td> <td style="text-align: center;" width="64">11.21%</td> <td style="text-align: center;" width="64">28</td> <td style="text-align: center;" width="64">2.52</td> <td style="text-align: center;" width="64">4995 Cr</td> </tr> <tr> <td style="text-align: center;" width="64">Suryoday SFB</td> <td style="text-align: center;" width="64">108</td> <td style="text-align: center;" width="64">6.98%</td> <td style="text-align: center;" width="64">350</td> <td style="text-align: center;" width="64">3.2</td> <td style="text-align: center;" width="64">2835 Cr</td> </tr> </tbody> </table> </div> <strong>3)</strong> Branch and Employees data of all three SFBs. It is clear that AU SFB being the giant has more branches and loan/branch among all. <div class="table-overflow-init"> <table width="256"> <tbody> <tr> <td style="text-align: center;" width="64"><strong>SFBs</strong></td> <td style="text-align: center;" width="64"><strong>Branch</strong></td> <td style="text-align: center;" width="64"><strong>Employee</strong></td> <td style="text-align: center;" width="64"><strong>Loan/branch</strong></td> </tr> <tr> <td style="text-align: center;" width="64">AU SFB</td> <td style="text-align: center;" width="64">572</td> <td style="text-align: center;" width="64">12623</td> <td style="text-align: center;" width="64">39.89 Cr</td> </tr> <tr> <td style="text-align: center;" width="64">Ujjivan SFB</td> <td style="text-align: center;" width="64">552</td> <td style="text-align: center;" width="64">16776</td> <td style="text-align: center;" width="64">19.06 Cr</td> </tr> </tbody> </table> </div> <strong>4)</strong> Further, in the bank, the most important business parameter is to check, where they have given loans. And sectors to which bank has given loans are doing well or not. And to understand that, below is the loan profile of all three banks. <strong>a) Suryoday SFB (FY2018-19)</strong> <div class="table-overflow-init"> <table width="474"> <tbody> <tr> <td style="text-align: center;" width="158"><strong>Type of loan</strong></td> <td style="text-align: center;" width="99"><strong>Ticket Size</strong></td> <td style="text-align: center;" width="113"><strong>Loan given</strong></td> <td style="text-align: center;" width="104"><strong>% size</strong></td> </tr> <tr> <td style="text-align: center;" width="158">Marginal borrowers</td> <td style="text-align: center;">10k-50k</td> <td style="text-align: center;">2189 Cr</td> <td style="text-align: center;">81%</td> </tr> <tr> <td style="text-align: center;">Commercial Vehicle</td> <td style="text-align: center;">15-35 Lakh</td> <td style="text-align: center;">218 Cr</td> <td style="text-align: center;">8%</td> </tr> <tr> <td style="text-align: center;">Secured Business loan</td> <td style="text-align: center;">1 Lakh to 1 Cr</td> <td style="text-align: center;">68 Cr</td> <td style="text-align: center;">3%</td> </tr> <tr> <td style="text-align: center;">MSME Loans</td> <td style="text-align: center;">50k to 1 Cr</td> <td style="text-align: center;">97 Cr</td> <td style="text-align: center;">4%</td> </tr> <tr> <td style="text-align: center;">FIG loans</td> <td style="text-align: center;">loan to NBFCs</td> <td style="text-align: center;">48 Cr</td> <td style="text-align: center;">2%</td> </tr> </tbody> </table> </div> Their 81% of loan exposure is towards the small ticket size value of Rs.10k to 50k to marginal borrowers of the society and all this loan is unsecured. During this lockdown, marginal borrowers are most affected. We need to check how the bank cope up with this jolt in the coming quarters. With RBI given 3 months moratorium for all banks not to declare NPAs, the correct picture will emerge only after lockdown. The important factor we need to see how fast the marginal borrowers again get a job in the market. <strong>b) AU Small Finance Bank (FY2018-19)</strong> <div class="table-overflow-init"> <table style="width: 83.2759%;" width="370"> <tbody> <tr> <td style="text-align: center; width: 36.3793%;" width="158"><strong>Type of loan</strong></td> <td style="text-align: center; width: 24.3104%;" width="99"><strong>Loan given</strong></td> <td style="text-align: center; width: 22.4138%;" width="113"><strong>% size</strong></td> </tr> <tr> <td style="text-align: center; width: 36.3793%;" width="158">Vehicles Loans</td> <td style="text-align: center; width: 24.3104%;">9528 Cr</td> <td style="text-align: center; width: 22.4138%;">42%</td> </tr> <tr> <td style="text-align: center; width: 36.3793%;">SME&MSME</td> <td style="text-align: center; width: 24.3104%;">7708 Cr</td> <td style="text-align: center; width: 22.4138%;">34%</td> </tr> <tr> <td style="text-align: center; width: 36.3793%;">loan to NBFC</td> <td style="text-align: center; width: 24.3104%;">2511 Cr</td> <td style="text-align: center; width: 22.4138%;">11%</td> </tr> <tr> <td style="text-align: center; width: 36.3793%;">Secured Business loan</td> <td style="text-align: center; width: 24.3104%;">891 Cr</td> <td style="text-align: center; width: 22.4138%;">4%</td> </tr> <tr> <td style="text-align: center; width: 36.3793%;">Agri B/L</td> <td style="text-align: center; width: 24.3104%;">244 Cr</td> <td style="text-align: center; width: 22.4138%;">1%</td> </tr> <tr> <td style="text-align: center; width: 36.3793%;">Home & Gold Loan</td> <td style="text-align: center; width: 24.3104%;">165 Cr</td> <td style="text-align: center; width: 22.4138%;">1%</td> </tr> </tbody> </table> </div> From the above, it is clear that AU SFB core business segment is Vehicles loans and the MSME sector. More than 75% of the loan comprises of these two items. With the <span style="color: red;"><span style="text-decoration: underline;"><a href="https://economictimes.indiatimes.com/small-biz/sme-sector/hit-by-a-virus-and-lockdown-the-wheels-are-coming-off-the-indian-logistics-industry/articleshow/74882675.cms">logistics sector affected under lockdown</a>,</span></span> the impact will be seen in the Vehicle segment. The more clear picture will come in the next 2 quarters. <strong>c) Ujjivan Small Finance Bank (FY2018-19)</strong> <div class="table-overflow-init"> <table width="509"> <tbody> <tr> <td style="text-align: center;" width="158"><strong>Type of loan</strong></td> <td style="text-align: center;" width="139"><strong>Ticket Size</strong></td> <td style="text-align: center;" width="99"><strong>Loan given</strong></td> <td style="text-align: center;" width="113"><strong>% size</strong></td> </tr> <tr> <td style="text-align: center;" width="158">Group Loan MF</td> <td style="text-align: center;" width="139">Rs.2k to 60k</td> <td style="text-align: center;">7891 Cr</td> <td style="text-align: center;">75%</td> </tr> <tr> <td style="text-align: center;">Micro Individual Loan</td> <td style="text-align: center;">Rs. 51k to 2 Lakh</td> <td style="text-align: center;">841 Cr</td> <td style="text-align: center;">8%</td> </tr> <tr> <td style="text-align: center;">Affordable Housing</td> <td style="text-align: center;">Rs.2Lakh to 50 Lakh</td> <td style="text-align: center;">841 Cr</td> <td style="text-align: center;">8%</td> </tr> <tr> <td style="text-align: center;">MSME</td> <td style="text-align: center;">Rs.2Lakh to 50 Lakh</td> <td style="text-align: center;">526 Cr</td> <td style="text-align: center;">5%</td> </tr> </tbody> </table> </div> The situation of Ujjivan SFB is similar to Suryoday SFB in terms of loan exposure to marginal borrowers of society. Their 82% of loan book falls under this category. So, we can conclude that the valuation of all the SFBs is looking comfortable but the road ahead is not easy and finding impact at this juncture is very difficult.
<em><strong>It is a 15 days old news, but we are sharing here to explain to you guys how Unlisted space is weathering the selling pressure of Dalal Street. Our Co-founder Mr.Dinesh Gupta has also shared his view in the article.</strong></em><!--more--> New Delhi: The domestic stock market has taken a hard knock as fears about the rapidly spreading coronavirus gripped financial markets the world over. While the domestic market for listed shares has virtually perished as the bears ran amok, the impact has not been so severe in the unlisted space, said traders from the unlisted market. The selloff in domestic stocks has eroded about Rs 31 lakh crore worth of equity investors’ wealth so far from the all-time high level that BSE Sensex scaled on January 20. Market capitalization of BSE-listed firms fell to Rs 128 lakh crore from around Rs 159 lakh crore during the period. Concerns over coronavirus, fears of a global recession, a price war in the oil market, the crisis at YES BankNSE 0.84 % and a slide in domestic GDP growth rate have ensured the bear grip on domestic stocks. “The rout in the listed market has affected the unlisted market as well, but the impact has been limited. There is a lesser number of buyers in this space as of now, in spite of the correction in share prices,” said Sandip Ginodia of Abhishek Securities. Dealers in the unofficial market said some shares have plunged. Hero Fincorp has fallen to Rs 1,000-1,025 levels from Rs 1,100-1,125 in last two months. HDFC Securities has lost up to 5 percent value to trade in the Rs 8,300-8,400 range. HDB Financial and UTI AMC – two of the hottest stocks in the unlisted space – have tanked up to 10 percent. HDB Financial now is available at Rs 1,025-1,050 against Rs 1,150-1,200 three weeks back and UTI AMC at Rs 975 against Rs 1,050 earlier. B9 Beverages, the maker of Bira Beers, has tanked up to 25 percent. The stock, which traded at Rs 1,200 in December, is now valued at Rs 900. Shares of Reliance Retail have traded flat post cancellation of the share swap RIL has earlier proposed. <span style="font-size: 14pt;"><strong>UnlistedZone View</strong></span> <em><strong>" </strong></em><strong>All hell broke loose in the listed market. Though there is a fall in unlisted space too, the intensity has not been as strong," said Dinesh Gupta of InvestorZone, which trades in unlisted shares.</strong> <strong>He advised investors to be cautious"</strong> Going against the wind, shares of Religare Health Insurance have surged over 20 percent in the last one month and they now trade at Rs 52-55. This scrip has doubled investor wealth in the last one year. Suryodaya Small Finance Bank is another stock that has gained over 10 percent despite the recent selloff. The scrip surged to Rs 340-350 from Rs 310-320 amid an IPO buzz. Tamilnadu Mercantile Bank has also gained traction in the unlisted space. The stock has crossed Rs 400 mark against a Rs 350-360 range earlier, as the lender readies to hit the primary market later this calendar. Brew maker Mohan Meakin has delivered over 15 percent return in the last couple of months, surging to Rs 600-610 from Rs 510-520. "The unlisted space is not for intraday trade. Investors hold their investment for a long period to gain more. So, panic does not bother much. Also, the minimum investment amount restricts the entry to only patient investors," said Abhishek Chaturvedi of Ultimate Wealthowl. <span style="text-decoration: underline;"><span style="font-size: 14pt;"><strong>Source: Economics Times</strong></span></span> <div></div>
Indicative prices, company research and your enquiries — in your pocket. Get price notes on the names you follow and reach our team from anywhere.
