375.2500 -1.60 (-0.42%)
NSE Jul 11, 2025 15:31 PM
Volume: 493.6K
 

375.25
-0.42%

IPO Note - Subscribe - Improving operating metrics; decent valuations

Prabhudas Lilladhar
terms of gross premiums accepted and manages Rs391.3 billion of Indian investment assets. It is also an international reinsurer that underwrites business from162countries.Itenjoysstrongcapitalpositionwithsolvencyratioof2.4x.The promotersarecomingoutwithanofferforsaleofaroundRs98bnandfreshissue ofRs15.7bnwithdilutionof14.2%atapricerangeofRs885912.Attheupperband ofRs912,thecompanytradesat27.4xMar17EPSwhichwebelieveisfairlypriced, but given the liquidity in the markets and company's performance in the recent...
Number of FII/FPI investors increased from 164 to 172 in Mar 2025 qtr.
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