Haryana

Democracy: India vs Germany

https://www.moneycontrol.com/news/business/ipo/go-digit-ipo-issue-subscribed-retail-investors-niis-qibs-virat-kohli-anushka-sharma-12724760.html/amp "The public issue was subscribed 4.27 times in the retail category. Non-institutional investors bought 7.24 times their allotted quota. The portion for qualified institutional buyers (QIBs) was booked 12.56 times their portion, exchange data showed." @nwoodman Final update on last day display the roaring numbers ripping even higher. Bodes well for Thursday that a QIB will dig in their deep pocket to bid up the secondary. However, others might be flippers too who would get out the moment it hits the market.

Chairman Kamesh Goyal

There is a link on BSE listing the anchor investors - https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20240514-77&attachedId=e73ef530-5a28-43fa-815d-9f3dac7602d6 Also, the details of total (NSE+BSE) Bids by category - https://www.bseindia.com/markets/publicIssues/CummDemandSchedule.aspx?ID=6575&status=L Day 1 of 3: Yet to have a full go at it by the Qualified Institutional Buyers. Overall, underwhelming demand by Non Institutional Investors. However, oversubscribed 1.4 times by Retail Individual Investors.

Not a cent less, at the top of the - "Price Range Rs. 258 to Rs. 272"

This is now under CURRENT as it is "Active" on May 15 after midnight in India. Also, worth watching is their listing on the other major exchange, BSE - https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=3439&type=IPO&idtype=1&status=L&IPONo=6575&startdt=15/May/2024

https://www.godigit.com/investor-relations/view-rhp#disclaimerModal Disclaimer THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED. IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing. The following disclaimer applies to the Red Herring Prospectus dated May 8, 2024 (“RHP”) of Go Digit General Insurance Company Limited (the “Company”) filed with the Registrar of Companies, Maharashtra at Pune and subsequently with Securities and Exchange Board of India (“SEBI”), BSE Limited and National Stock Exchange of India Limited (collectively, the “Stock Exchanges”), in relation to the initial public offering of the equity shares of face value of ₹ 10 each (“Equity Shares”) of the Company (“Offer”) and hosted on this website. In accessing the RHP, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The RHP are directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the RHP, are not for publication or distribution, directly or indirectly, in or into the United States. No part of the contents of the RHP shall be copied or duplicated in any form by any means, or redistributed. ... Any person into whose possession the RHP comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the RHP, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the RHP for any investment decision. The Offer and sales of the Equity Shares to be offered in the Offer shall be made only pursuant to the Red Herring Prospectus (when available). ...

https://www.bseindia.com/Static/PublicIssues/aboutIPO.aspx Book Building Issues A 20 % price band is offered by the issuer within which investors are allowed to bid and the final price is determined by the issuer only after closure of the bidding. Demand for the securities offered , and at various prices, is available on a real time basis on the BSE website during the bidding period.. 100 % Applications Supported by Blocked Amount. 50 % of shares offered are reserved for QIBS, 35 % for Non Retail and 15% for Retail Investors

The Economic Times https://economictimes.indiatimes.com/tech/technology/digit-to-go-public-on-may-15-looking-to-raise-rs-1125-crore/articleshow/109984817.cms [The IPO size, however, is slightly smaller than planned. As per the draft filed with the Securities and Exchange Board of India (Sebi) earlier, the company proposed to raise around Rs 1,250 crore with a fresh issuance of 109.4 million equity shares.] RHP (Red Herring Prospectus) dated May 8, 2024 of Go Digit General Insurance Company filed with the Registrar of Companies, SEBI, BSE and NSE is available here exclusively for residents of India - https://www.godigit.com/investor-relations/view-rhp#

Quess stock is up > 20% since end of March. (Q4FY24 Proft After Tax) "PAT at ₹98 cr up by 226% YoY and 54% QoQ" Press-Release-Q4FY24.pdf Investor-Presentation-Q4FY24.pdf

Fresh new high in CAD after 50 days. As of May 9, 2024 11:50am Previous Close Price CAD 1,552.23 Day Range CAD 1,552.86–1,575.31 52-Week Range CAD 911.02–1,575.31

will the IPO dilute them if it gets bid over the current valuation? Also, they are unlikely to sell and these were the names in offer-for-sale of the previous draft "According to the draft prospectus, shareholders selling as part of the OFS include promoters – Go Digit Infoworks Services, Nikita Mihir Vakharia, jointly with Mihir Atul Vakharia, Nikunj Hirendra Shah, jointly with Sohag Hirendra Shah, and Subramaniam Vasudevan, jointly with Shanti Subramaniam." https://economictimes.indiatimes.com/tech/startups/digit-insurance-files-draft-documents-for-rs-5000-crore-ipo/articleshow/93598175.cms

Rs.1500cr is total out of which Rs.1250cr is fresh and Rs.250cr is existing equity from promoters. They are saying that count of existing equity offered for sale is ~11cr shares, thus ~Rs.23/share. While Virat and Anuskha paid Rs.75 for each share. Is there a disconnect here? https://www.msn.com/en-in/money/news/go-digit-insurance-ipo-virat-kohli-anushka-sharma-backed-rs-1500-issue-opening-soon-et-now-exclusive/ar-BB1m18KQ Did early promoters get the shares at a lower price and that is the mark on which IPO is valued?

I know nothing about this but looking at it logically, why would this ratio go up in a downturn. When those risky assets are either in a down marked or forcibly marked down, their dollar amount will go down and, therefore, their proportion compared to the rest of the assets will go down and thus risky assets ratio going down may improve rating.

Brett Horn blares again https://www.morningstar.com/company-reports/1221484-fairfax-earnings-tailwinds-remain-in-place " We think Fairfax’s first-quarter results were solid. Underwriting margins held at an attractive level, and tailwinds continue on the investing side. Book value per share, adjusted for dividends, increased 2% from year-end. We will maintain our CAD 1,180 fair value estimate and no-moat rating. We continue to see shares as overvalued. While Fairfax is performing well right now, its historical record is mixed, and we think the market is overly focused on the favorable near-term outlook. "

^ this was from Phil Hardie of Scotia Capital. https://www.theglobeandmail.com/investing/markets/inside-the-market/article-fridays-analyst-upgrades-and-downgrades-for-april-26/

How come nobody is complaining that Prem touching Peter over and over again was creepy? I guess the reason is ... "Nothing that a $1,000 share price won’t solve!" March 5, 2021 V. Prem Watsa

Notwithstanding the incredulity and creditworthlessness of AI - https://www.theglobeandmail.com/investing/markets/stocks/FIH-U-T/pressreleases/25623367/25623367/ Fairfax India Holdings: Top 10 Undervalued Mid Cap Stocks on TSX (FIH-U) Globe Investor - AI-generated - The Globe and Mail - Sat Apr 20, 7:24PM CDT Fairfax India Holdings is now ranked among the top 10 mid cap stocks on the Toronto Stock Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company

In this video, 7.5 years ago, she concluded with: [So no matter where you are in the world, whatever country you may belong to, whether you are a young boy or a girl in a primary school or a college, you must know that sooner or later you will have to have something to do with India and it is inevitable because India is fast establishing itself as a Top 3 Economy of the world and its true potential is even bigger than that. So its better that you start educating yourself about the rising economic powerhouse that we know as India. Because your future belongs here too. And as I have said earlier, India is not just developing, India is reclaiming. See you again.]

this from your transcript on Fairfax India Prem: "India is going to have that same opportunity. As someone was saying here that the financial system grows at a multiple of nominal growth. So the nominal growth is 10%, 12%, this will grow at 2, 2.5x, maybe even more. And that's just the industry. And then on top of that, if you're good and our guys are very good, they'll grow faster than that." What this translates to is a potential of 30% CAGR over 30 years.

How long while ago back was that? The result should be better if you run the numbers now.