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September 18, 2016

ICICI Prudential Life Insurance Company Limited
*All investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments
SymbolICICIPRULI
Issue Period19-Sep-2016 to 21-Sep-2016
Post issue Modification Period22-09-2016 (between 10.00 a.m. to 1.00 p.m. only)
Issue SizePublic offer of upto 181,341,058 Equity Shares (Including Anchor portion of 48,962,085 Equity Shares)
Issue Type100% Book Building
Price RangeRs 300 to Rs 334
Face ValueRs 10
Tick SizeRs 1
Market Lot44 Equity Shares and in multiples thereof
Minimum Order Quantity44 Equity Shares
Maximum Bid Quantity132,378,972 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
IPO Market Timings10.00 a.m. to 5.00 p.m.
Global Coordinators and Book Running Lead ManagersDSP Merrill Lynch Limited and ICICI Securities Limited
Book Running Lead ManagersCLSA India Private Limited, Deutsche Equities India Private Limited, Edelweiss Financial Services Limited, HSBC Securities and Capital Markets (India) Private Limited, IIFL Holdings Limited, JM Financial Institutional Securities Limited, SBI Capital Markets Limited and UBS Securities India Private Limited
Syndicate MemberEdelweiss Securities Limited, India Infoline Limited, JM Financial Services Limited and SBICAP Securities Limited
CategoriesFI, IC, MF, FII, OTH, CO, IND, NOH and SHA
Name of the RegistrarKarvy Computershare Private Limited
Address of the RegistrarKarvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032
Contact person name number and Email idM. Murali Krishna, +91 040 6716 2222; icicprulife.ipo@karvy.com
e-form linke-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formClick Here
Ratios / Basis of Issue PriceClick Here
Red Herring ProspectusClick Here
Bidding CentersClick Here
Sample Application FormsClick Here
Anchor Allocation ReportClick Here
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August 16, 2016

National Pension System (NPS)

National Pension System (NPS) [yes it is system and not scheme] is a defined contribution based Pension Scheme launched by Government of India with the following objectives:
  • To provide post retirement income
  • Reasonable market based returns over long run

The product is regulated by Pension Fund Regulatory and Development Authority (PFRDA)

Tax Benefits

Where contribution is by Employer

  • Opportunity to get up to 10% of basic as tax-free salary u/s 80 CCD (2) without any upper cap in terms of absolute value
  • This benefit is over and above the limit of 80 CCE and 80 CCD (1B)

Contribution by Employee - 1

  • Upto Rs 50,000 deductible under seciotn 80 CCD(1B)
  • This benefit is over and above the limit of 80 CCE

Contribution by Employee - 2

  • Eligible for 10% of Basic Salary under section 80 CCD(1A) within Rs 150,000 limit under section 80 CCE.

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August 15, 2016

Indian Income Tax - Rebate on Savings Bank Interest




Are you aware that you can get deduction for the savings bank interest earned. Section - 80TTA of Income-tax Act, 1961-2014 deal with Deduction in respect of interest on deposits in savings account. You need to include this in Schedule VI A under 80TTA. Currently savings bank interest till Rs 10000 is deducted from your earnings.

BTW you have to include entire savings bank interest earned during the year in Schedule OS as interest income.


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July 21, 2016

Advanced Enzyme Technologies Ltd IPO

Advanced Enzyme Technologies Ltd
Period 
20-Jul to 22-Jul 2008
Size (Equity Shares)
Type 
100% Book Built Issue (Initial Public Offer IPO) and Offer for sale
Face Value 
Rs. 10- 
Price Range 
Rs. 880 - Rs. 896 Per Equity Share
Market Lot 
 16 shares
Max shares Retails investor can apply at cut off
 208
Registrar 
Link Intime India Private Ltd 
Registrar's email 
aetl.ipo@linkintime.co.in
Lead Manager 
Axis Capital Limited  and  ICICI Securities Limited
Listing 
BSE, NSE
Grading 

About the company 
Incorporated in 1989, Advanced Enzyme Technologies Ltd is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products. Information in this paragraph is copied from chittorgarh.com.

Company produces over 400 proprietary products developed from 60 enzymes. Advanced Enzyme operate in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food).

Company has 13 patents registered in its name and applications for registration of 4 patents are pending.

Advanced Enzyme is among top 15 companies in enzyme sales in the world and 2nd largest in India. Company has over 20 years of fermentation experience in the production of enzymes. Company offer these products to its more than 700 global customers across 50 countries around the world. Content in this paragraph is copied from chittorgarh.com.


Advanced Enzyme's R&D team consists of over 55 scientists, microbiologists, engineers, food technologists and biotechnologists. Company have four R&D facilities, of which two are located at Thane, and one each at Sinnar and Chino, California.

Competitive strengths of the company:

1. Integrated Company with presence across the Enzyme Value Chain
2. Strong R&D, enzyme development and manufacturing capabilities
3. Specialized Business Model with high entry barriers
4. Diversified Product Portfolio and Wide Customer Base, served by a Strong Sales, Marketing and Distribution network
5. Experienced Promoters and Strong Management Team
6. Financial stability and stable cash flows1993 Business: Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks.
Undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM's and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients.
Client: Telecommunication Equipment Manufacturers, Telecom operators, Third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure. Nokia Siemens Networks Pvt Ltd, Ericsson India Pvt Ltd, Motorola India Pvt Ltd, Nortel Networks India Pvt Ltd
Telceom Operators: Tata Teleservices Ltd, Reliance Communications Ltd, Bharti Airtel Ltd, Idea Cellular Ltd, Vodafone Essar Ltd(Hutch), Videsh Sanchar Nigam Ltd
Third party infrastructure leasing companies: Quipo Telecom Infrastructure Ltd, Essar TTIL Ltd, Xcel Telecom Ltd, IMI Ltd

Objects of the Issue
# Capital Expenditure;
# Overseas Acquisitions;
# Augmenting Long Term Working Capital requirement;
# General Corporate Purposes;
# Expenses related to Fresh Issue.
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