Ashoka India Equity Investment Trust IPO - Now CLOSED

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The Ashoka India Equity Investment Trust IPO

23rd July 2018

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR TO ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM)

Ashoka India Equity Investment Trust IPO - Offer Overview

  • Market: Premium Segment - LSE
  • Raising: Target Issue of £100m
  • Initial NAV: 98p per share
  • Price: 100p per ordinary share

Expected Timetable

  • Offer Open

    19th June 2018

  • Books Close:

    3rd July 2018 at 1pm

  • Allocation announced:

    4th July 2018

  • Trading begins:

    6th July 2018


About Ashoka India Equity Investment Trust Plc

Based in England and Wales, Ashoka India Equity Investment Trust PLC is a close-ended investment company with intentions of investing in securities listed in India and listed securities of companies with a significant presence in India. The investment manager has defined India as proposing an economic evolution where the country presents a multi-generational opportunity. Investment Criteria includes: no single holding should represent more than 15% of the company; the company will not invest more than 40% of its gross assets in any single sector.

Highlights
  • Allows investors to gain exposure to Indian markets
  • As one of the BRIC economies, India is one of the leading economies with respect to GDP growth
  • Growth factors of the country such as improvements in demographic and growing consumption of domestic consumption are supported by a stable government and major reforms
  • Management has agreed clear investment strategies to outline the portfolio, with experience in investing in India
  • Focus on absolute returns over medium term
  • There is no annual management fee
  • Bottom up stock picking, unconstrained by market capitalisation, isolating scalable businesses with superior returns on capital

Use of Proceeds
  • To gain access to investments in listed securities in India and implement investment strategy outlined

Risks*
  • The company has no operating history and there is no guarantee the firm will make a profit or meet its investment objective
  • Investor returns are dependent on the portfolio
  • Ashoka may utilise derivatives of which a small change in the value of underlying assets may cause a relatively large change in the value of the product
  • The company may be unable to liquidate positions
  • The company may also be exposed to the creditworthiness of counterparties
  • Concentration risk, as the company may be significantly exposed to a particular sector or industry
  • Currency Risk
  • Political instability and changes in regulation may impact the company's revenue and profits
  • The company’s performance is directly linked to India's economy
  • The company may fail to conduct sufficient due diligence and investments may go up as well as down
  • The company has no employees and is reliant on third party services
  • Loss of investment manager
  • Risks associated with investments in India and risks associated with investment in emerging markets

*Please note that these risks represent the judgement of Cornhill Capital, there may be additional risks represented in the prospectus


Offer Documents

Important information

Our service at a glance

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