Thursday, December 8, 2016

Popular News This Week


 
Weekly News Digest
 

 
 
 
 
 
 
 
 
financialexpress.com ·


FirstChoiceIPO says:
According to our analysis that the 10% of the white money will not find its way to banks. High denomination India currency lost/held back in the following circumstances, though white, will return to banking system by Dec 31.

1. Currency with the businessmen and traders in the neighboring countries. Indian currency is freely accepted by traders in Nepal, Bhutan, Bangladesh, Srilanka,Thailand /other countries. 

2. Currency lost in earth quakes / Tsunamis / floods. There have been many in India in the last 2-3 decades.

3. Currency destroyed in accidents - Air / rail and road.

4. Worn out currency / drowned /buried money, for whatever reasons.

5. Currency with the coin collectors.

6. Currency with the NRIs, who are not able to exchange.

7. Currency with the foreign nationals who are holding it for fun / fancy.

It is estimated the above constitutes almost 10% of the total high denomination currency in circulation.

Tuesday, December 6, 2016

Nvidia release drivers optimized for slew of Oculus Touch games

In preparation for tomorrow's Oculus Touch motion controller launch, Nvidia has made available a new driver package, version 376.19, that is optimized for all 53 Oculus Rift games releasing alongside the new hardware.

NSE HOLIDAYS FOR 2017


1 January 26, 2017 Thursday Republic Day
2 February 24, 2017 Friday Mahashivratri
3 March 13, 2017 Monday Holi
4 April 04, 2017 Tuesday Ram Navami
5 April 14, 2017 Friday Dr.Baba Saheb Ambedkar Jayanti
6 May 01, 2017 Monday Maharashtra Day
7 June 26, 2017 Monday Id-Ul-Fitr (Ramzan ID)
8 August 15, 2017 Tuesday Independence Day
9 August 25, 2017 Friday Ganesh Chaturthi
10 October 02, 2017 Monday Mahatama Gandhi Jayanti
11 October 19, 2017 Thursday Diwali-Laxmi Pujan*
12 October 20, 2017 Friday Diwali-Balipratipada
13 December 25, 2017 Monday Christmas

The holidays falling on Saturday / Sunday are as follows:

1 April 09, 2017 Sunday Mahavir Jayanti
2 September 02, 2017 Saturday Bakri ID
3 September 30, 2017 Saturday Dasera
4 October 01, 2017 Sunday Moharram
5 November 04, 2017 Saturday Gurunanak Jayanti

LAURUS IPO OPENS TODAY- INVEST

Laurus  Lab IPO in the price band of Rs 426-428 opens for subscription today. Although the IPO has been aggressively priced there will be listing gains.

Await for detailed analysis.

Sunday, December 4, 2016

Demonetization analysis

 According to our analysis that the 10% of the white money will not find its way to banks. High denomination India currency lost/held back in the following circumstances, though white, will return to banking system by Dec 31.

1. Currency with the businessmen and traders in the neighboring countries. Indian currency is freely accepted by traders in Nepal, Bhutan, Bangladesh, Srilanka,Thailand /other countries. 


2. Currency lost in earth quakes / Tsunamis / floods. There have been many in India in the last 2-3 decades.


3. Currency destroyed in accidents - Air / rail and road.


4. Worn out currency / drowned /buried money, for whatever reasons.


5. Currency with the coin collectors.


6. Currency with the NRIs, who are not able to exchange.


7. Currency with the foreign nationals who are holding it for fun / fancy.


It is estimated the above constitutes almost 10% of the total high denomination currency in circulation.

Thursday, December 1, 2016

SHEELA FOAM IPO SUBSCRIBED OVER 5 TIMES

Sheela Foam IPO which closed for subscription has been subscribed by 5 times as per NSE data.

Wednesday, November 30, 2016

LAURUS LABS IPO TO OPEN ON DEC 6, SETS PRICE BAND

Laurus Labs's IPO will open on Dec 6th. The company has fixed the price band at Rs 426-428 per equity share. The IPO is scheduled close on December 8.. The offer consists of fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale of 24,107,440 equity shares by the selling shareholders.

 Kotak Mahindra Capital Company, Citigroup Global Markets, Jefferies India and SBI Capital Markets are the Book Running Lead Managers to the IPO.


Tuesday, November 29, 2016

SHEELA FOAM IPO GETS VERY POOR RESPONSE ON DAY 1

Sheela Foam IPO has received just 1% subscription on day 1.

FORTHCOMING IPO: MEDIA BROADCAST LIMITED



                                                 ISSUE DETAILS





ISSUE SIZE
RS 400 CR PLUS OFS OF 26,58,518 EQUITY SHARES
FACE VALUE
RS 10
PRICE BAND
--

BUSINESS

MEDIA – FM RADIO CITY
PROMOTERS
JAGRAN PRAKASHAN LIMITED
LISTINGS
BSE, NSE
BRLMs
ICICI SEC

REGISTRAR
KARVY
IPO GRADE
NA

Monday, November 28, 2016

IPO ANALYSIS: SHEELA FOAM LIMITED – INVEST FOR LISTING GAINS


ISSUE DETAILS

ISSUE OPENS / CLOSES ON

29-11/01-12-2016
ISSUE SIZE / OFS

75,00,000 EQUITY SHARES
FACE VALUE
RS 5
PRICE BAND
RS 680-730

BUSINESS
Mfrs   / exporters of mattresses and comfort accessories / foam / lamination

PROMOTERS
SHEELA GAUTAM, RAHUL GAUTAM
LISTINGS
BSE, NSE

BRLMs
ICICI SEC, EDELWEISS FINANCIAL SEVICES
REGISTRAR
LINK IN TIME
IPO GRADE
NA

BUSINESS:

Sheela Foam is one of the leading manufacturers of mattresses and technical PU Foam in the country. Currently it owns and operates 11 manufacturing facilities. Sheela Foam sells mattresses under the brand ‘Sleepwell’.

Sheela Foam has developed a pan-India distribution network that consists of over 100 exclusive distributors, over 2,000 exclusive retail dealers and over 2,500 multi-brand outlets, as on September 30, 2016. The home comfort products are sold to retail end-consumers through exclusive distributors.

OBJECTS OF THE OFFER:

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The company will be offering up to 75 lac shares (at the lower end of the IPO).

FINANCIALS:

 (RS IN CRORES)

31-03-2015
31-03-2016
30-09-2016
(6 Months)
CAPITAL
16.26
16.26
24.39
REVENUES / TOTAL INCOME

1428

1567

804
NET PROFIT
43
105
66
EPS
8.75
21.48
13.52
RONW (%)
17
31
16

RISKS:
1. Demonetization effect: Slowdown in the real estate sector will affect the performance of the company.

2. Risks associated with the single product / segment.

3. Change in customer preferences / needs.

4. Increasing debtors’ level - For the Fiscal Year 2016 and the six months ended September 30, 2016, the trade receivables were Rs 117 cr and Rs 134 cr respectively, which constituted 7.47% and 16.65%, respectively, of the total revenues for the same periods.

5. Fluctuation in currency – Certain grades of polyols are imported.

6. The company had delayed payments of statutory dues in the past.

7. Faces stiff competition both from the organised and unorganized players in the market — Kurl-on, Duroflex and Coirfoam besides a few international brands.

STRENGTHS:

1. Well recognized and established brand.
2. Extensive and well developed pan-India sales and distribution network.
3. Quality manufacturing capabilities.
4. Integrated operations and economies of scale.

VALUATION AND RECOMMENDATIONS:

The offer is around 27PE, based FY 17 earnings, which is reasonable. However one should take the earnings of the previous year and current year with a pinch of salt. The net profit margin which was at 3% in FY15 has gone to 6.7% in FY 16 and well beyond 8 percent in the current financial year. BRLMs have to clarify for this kind of jack up of margins in the IPO bound year. Debtors levels are have gone up substantially in the last 12-15 months indicating either ‘manufactured sales’ or less demand for the products.

According to CRISIL the organised market in mattresses in India constitutes around 35 per cent of the total market and is growing at a faster pace, thanks to increasing preference for branded products among consumers. Sleepwell holds 20-23 per cent market share in the organised segment.
Considering high percentage of promoters holding, (post IPO the promoters will hold around 70 percent), there could be listing gains.
INVEST FOR LISTING GAINS.



Thursday, November 24, 2016

FORTHCOMING IPO: SHEELA FOAM LIMITED



ISSUE DETAILS


ISSUE OPENS / CLOSES ON

29-11/01-12-2016
ISSUE SIZE / OFS

75,00,000 EQUITY SHARES
FACE VALUE
RS 10
PRICE BAND
RS 680-730

BUSINESS
Mfrs   / exporters of mattresses and comfort accessories / foam / lamination

PROMOTERS
SHEELA GAUTAM, RAHUL GAUTAM
LISTINGS
BSE, NSE

BRLMs
ICICI SEC, EDELWEISS FINANCIAL SEVICES
REGISTRAR
LINK INTIME
IPO GRADE
NA

Wednesday, November 23, 2016

Popular News This Week



 
Weekly News Digest
 

 
 
 
 
 
Gujarat CM Vijay Rupani dials Arun Jaitley, RBI chief Urjit Patel on co-op banks note swap�ban
 
Gujarat CM Vijay Rupani dials Arun Jaitley, RBI chief Urjit Patel on co-op banks note swap�ban
 
 
financialexpress.com ·

FirstChoiceIPO says:
Pl do not permit co-op banks to swap notes. The very purpose of demonetization will be defeated if that is done.

BSE CHANGES CIRCUIT FILTER FOR 16 STOCKS

BSE has changed circuit filter for 16 stocks with effect from November 23, 2016.


Sr. No.
Scrip Code
Scrip Name
Circuit Filter % Revised to
1
511333
VLS Finance Ltd
10
2
511523
Veerhealth Care Ltd
10
3
530047
Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd
10
4
532910
Anil Ltd
10
5
538476
Capital Trade Links Ltd
10
6
503169
Ruby Mills Ltd
10
7
538542
Gold Coin Health Foods Ltd
5
8
538963
Pact Industries Ltd
5
9
539223
Ambition Mica Ltd
5
10
533608
RDB Rasayans Ltd
5
11
535917
GCM Commodity & Derivatives Ltd
5
12
506734
Mysore Petro Chemicals Ltd
5
13
507794
Khaitan Chemicals & Fertilizers Ltd
5
14
530067
CSL Finance Ltd
5
15
532219
Energy Development Company Ltd
5
16
532711
Sunil Hitech Engineers Ltd
5