Friday, February 22, 2019

Forthcoming IPO : Pinterest Inc

Image result for pinterest

Issue Details:
 



Issue size
$ 2.4 billions (est)




Promoters /CEO
Ben Silbermann
Business
Social media web and mobile application company
Listings
Nasdaq
BRLM / Underwriters
Goldman Sachs Group Inc. and JP Morgan Chase
Based at
SFO, USA

Forthcoming IPO : Mahip Industries Limited



Issue Details:
 



Issue size
51,96,000 equity shares
Face value
Rs 10
Price
Rs 32
Promoters
RAJIV GOVINDRAM AGRAWALRAJIV GOVINDRAM AGRAWAL HUF
Business
Mfrs of packing materials
Listings
Nse sme
BRLM
Finshore Management Services
Registrar
BigShare

Forthcoming IPO : M K ROY & BROS PROJECTS LIMITED



Issue Details:
 



Issue size
6,53,000 equity shares
Face value
Rs 10
Promoters
Mihir Kumar Roy
Business
Construction / fabrication of Petroleum Storage Tank/ others
Listings
Nse emerge
BRLM
Corporate Capital Ventures
Registrar
Skyline Financial Services

ADAG has 122 shell companies

 Image result for adag group


Anil Dhirubhai Ambani Group (ADAG) has over 120 companies with a similar addresses of Santa Cruz (East) Mumbai

A simple search on ZaubaCorp reveals over 122 companies sharing the same address, "502, Plot no. 91/94, Prabhat Colony Santa Cruz (East) Mumbai.

Macquarie is bullish on tech majors

Macquarie in a recent note said that NASSCOM’s survey hints at the cautiously optimistic outlook for FY20, but select large and mid-cap stocks should do well.

Hiring trends in CY19 are expected to be similar to CY18. The global investment bank expects growth of most IT companies in India to improve in FY20. Deal wins in 9MFY19 to translate into better revenue growth in FY20.

Deal wins have been strong for Infosys, HCL Tech and Tech Mahindra. The global investment bank sees revenue growth in these large-caps in the range of 230-410 bps in FY20.

ING Group to off load 1.21 percent stake in KMB

Image result for ing group

ING Group is looking to sell part of its stake in Kotak Mahindra Bank amounting to Rs 2,800 crore. The group, with 3.06 percent stake, aims to sell 1.21 percent (2.3 crore shares) via a block deal on 22-02-2019.

Kotak Mahindra Bank stock closed flat at Rs 1288 in Thursday's closing.

Wednesday, February 20, 2019

IPO ANALYSIS : Aartech Solonics Ltd - Avoid

Image result for aartech solonics ltd



Issue opens
/ closes on
21-02 / 26-02-2019
Issue size
20,12,000 equity shares
Face value
Rs 10
Price
Rs 34
Business
System Solution Oriented R&D
Enterprise in the field of
Specialized and Selected
Energy Applications.
Promoters
ANIL ANANT RAJE,
CHHAYA RAJE
Listing
Bse- sme
BRLM
Swastika Investmart
Registrar
BigShare


Remarks :


  1. Unprofessionally managed company.
  2. Fundamentals are not strong.

IPO ANALYSIS : Gleam Fabmart Limited - Avoid


Issue Details :


Issue opens / closes on
19-02 / 22-02-2019
Issue size
31,20,000 equity shares
Face value
Rs 10
Price
Rs 10
Business
Traders in aluminium products
Promoters
Amit Gupta, Mr. Arun Gupta & Mr. Anil Kumar Gupta
Listing
Bse, sme
BRLM
Aryaman Financial services
Registrar
BigShare
Remarks:
1. Limited operational history.
2.Conflicts of Interest.
3. Negative cash flow.
4. Trade receivable constitutes 85% of revenues.