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Dual disadvantage mutual fund

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Pre-IPO Opportunity in the shares of ICICI Pru Life

The leader in the Private Life Insurance space is ICICI Pru Life.Some salient features of the company:

  • Largest private insurer in India
  • 23% market share in private insurance space and 11.3% overall
  • PAT of 16.34 Billion Rupees-higher than that of LIC
  • Earnings Per share-11.43 Rs/Share
  • Book Value of 36.79 Rs/share
  • Dividend of 5.85 Rs/Share
  • 99.78% shares are held by promoters and 0.22% shares are held by employees
  • Last Employee Stock Option Scheme (“ESOS”) was on April 25,2008  with an exercise price of Rs.400 per share

A limited quantity of its shares are on offer for sale.

For those interested,please email me at Alpha Ideas.

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Smart Money,Dumb Money

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Linkfest:October 06,2015

Some stuff I am reading today morning:

How the Fed saved the economy (Ben Bernanke)

Don’t get too excited about the reversal (TRB)

All black money is in real estate and equities (Firstpost)

Only heavy discounts could lure realty buyers this Diwali (FE)

Stock review:IDFC Bank (BS)

Falling iron ore prices signal tough times for NMDC (Mint)

Ola:Taking India on a ride (Forbes India)

IRDA’s attempt to clean up bank insurance sales (VRO)

Negative interest rates wreak havoc on finance textbooks (Prof Varma)

The European startup market (A VC)