Insurance

Reliance Money In Connection With Rural India

Reliance Money has provided some good recommendations to investors to “Subscribe” to the initial public offering of Talwalkars Better Value Fitness. It has already identified and appointed franchisee partners in 1001 tehsils with the help of rural relations, a rural consumer focused organization.

Reliance Money has provided some good recommendations to investors to “Subscribe” to the initial public offering of Talwalkars Better Value Fitness. It has already identified and appointed franchisee partners in 1001 tehsils with the help of rural relations, a rural consumer focused organization.

This has helped Reliance Money enter the primary market with an issue size of 60,50,000 shares. The price band of the IPO is fized at Rs 123-128 and plans to raise around Rs 74.2 crore (at lower price band) and Rs 77.44 crore (at the upper price band).

Reliance money, a company owned by the Anil Dhirubhai Ambani group (ADAG) has decided to expand distribution network in rural areas. It is involved in selling financial products like life insurance, general insurance and mutual funds.

In the expected strong growth, we believe the stock is valued at around 30x its FY12E EPS at the higher end of the price band. However, considering the niche industry TBVF operates in, its brand recall, first mover advantage and strong growth prospects, we believe that premium valuations could sustain. Hence, we recommend Subscribe to the issue with a longer-term perspective. However this does not take away the fact that the IPO is a high-risk issue.

Reliance Money’s endeavor to change the way India trades in financial markets and avails of various financial services. Reliance Money ensures maximum security with a unique security token to keep your online account safe.

It is among India’s top three private sector groups. Reliance Money (Product of Reliance Group) is a comprehensive electronic transaction platform offering a wide range of financial asset classes.

It includes massive growth initiative, first of its kind in Indian corporate history which would provide employment to 50000 rural youth, the company decided to extend its rural reach this fiscal by setting up 10000 franchise outlets in 5165 of the 5645 tehsils of the country according to a Hindu business line report.

This has been already identified and appointed franchisee partners in 1001 tehsils with the help of rural relations, a rural consumer focused organization.

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