Tuesday, September 25, 2018

Forthcoming IPO : Nihilent Technologies Limited.

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Pune based, Nihilent,  a global consulting and solutions integration company lists shares on the exchanges. The company will shortly be filing DRHP with Sebi. 

Nihilent is a public limited company, with 70% of shareholding by Hatch Investments (Mauritius) Ltd., further held by Dimension Data Group. Jeremy Ord is the chairman of the company.

Trafigura Group : Oil to touch $ 100 a barrel by Jan 2019

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Trafigura Group, a multinational commodity trading enterprise says - ‘sit back and wait’  and see Brent crude prices breach the $100 per barrel mark by early-2019. 

OPEC and other oil producing countries have recently announced to hold on to their current production level and not raise the out fit.

Forthcoming REIT : Embassy Office Parks

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Embassy Office Parks, co-owned by property developer Embassy Group and private equity giant Blackstone, on Monday filed documents with market regulator Securities and Exchange Board of India to raise over Rs 5,000 crore through REIT.

Embassy Office Parks now earns annual lease rentals of over Rs 2,000 crore from tenants including Google, JP Morgan, Microsoft, Cisco, IBM, Wells Fargo and Mercedes Benz. It counts more than 150 tenants, over half of which are Fortune 500 companies. 


Bank of America ML ups target on Nvidia

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 Bank of America Merrill Lynch has upgraded Nvidia stock to out performer. The revised target in $340 in the medium term. This almost 30% over its CMP.

The firm reiterated its buy and 'top sector pick' ratings for Nvidia shares, predicting strong demand for the company's previous generation Pascal graphics chips.


BofAML believes Street's mixed initial reaction to NVDA's new Turing game card launch could prove short-sighted.  In their view, better availability (and market prices) of Pascal along with initial Turing ramp provides a compelling case for ... NVDA gamers still on legacy/sub-standard tech to upgrade, regardless of which product family gamers ultimately choose to upgrade.

NBFC Sell Off : Sebi on high alert

 Sebi is on high alert as sharp share sell-off of several banking and non-banking finance companies. According to sources, the regulator met the stock exchanges on Monday evening to avert any further damage and ensure that there is ample liquidity. The move comes close on the heels of the (Sebi) and banking regulator Reserve Bank of India (RBI) issuing a rare joint-statement over the weekend, expressing their readiness to act, if required.

Monday, September 24, 2018

IPO ANALYSIS : Marine Electricals (India) Limited - Attractively priced - Invest

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Issue Details :

Issue opens  / closes on
28-09 /03-10- 2018
Issue size
61,60,000 equity shares
Face Value
Rs 10
Price
Rs 60-64
Business
Integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
Promoters
Vinay Uchil
Listings
Nse emerge
BRLM
Aryaman Financial Services
Registrar
Big Share

IPO ANALYSIS : Kritika Wires Limited - Invest


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Issue Details :


Issue opens  / closes on
26-09 /01-10-2018
Issue size
48,12,000 equity shares
Face Value
Rs 10
Price
Rs 32
Business
Mfrs of steel wires / galvanized wires
Promoters
Naresh Kumar Agarwal / Jai Hanuman group
Listings
Nse emerge
BRLM
Hem Securities
Registrar
Link Intime

Forthcoming IPO : Inventia Healthcare Limited

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Issue Details:
 



Issue size
Rs 125 Cr + OFS
Face value
Rs 10


Promoters
Janak Shah, Maya Shah / others
Business
Pharmaceutical development and mfg company
Listings
Bse, Nse
BRLMs
ICICI Sec, Centrum Capital
Registrar

Link Intime

IPO ANALYSIS : Parin Furniture Limited - Avoid

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Issue Details :


Issue opens  / closes on
26-09 /28-09-2018
Issue size
30,00,000 equity shares
Face Value
Rs 10
Price
Rs 60-63
Business
Mfrs of furniture and lifestyle products
Promoters
Umesh Dhirajlal Nandan / others
Listings
Nse emerge
BRLM
Hem Securities
Registrar
Karvy


 Remarks:
  1. Company  has not complied  with some statutory  provisions of the Companies  Act in the past.

Garden Reach IPO gets poor response on day 1

Garden Reach Shipbuilders IPO has received poor response on day 1. The issue has been subscribed by just 0.01percent.

FirstChoiceIPO has a avoid call on the public offer.

Sebi revises KYC norms for Fiis

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Sebi has issued revised KYC norms for foreign portfolio investors, wherein resident as well as non-resident Indians have been permitted to hold non-controlling stake in such entities.

Two circulars pertaining to KYC  requirements and eligibility conditions for FPIs have been issued.

These norms have been put in place weeks after a panel suggested various changes to the guidelines proposed earlier, amid concerns in certain quarters that overseas funds might face difficulties in ensuring compliance.

NRIs, Overseas Citizens of India and Resident Indians have been permitted to hold non-controlling stake in FPIs. There would also be no restriction on them to manage non-investing FPIs Sebi-registered offshore funds as well as registered investment managers, according to the regulator.

These entities would be allowed to be constituents of FPIs subject to certain conditions. If single and aggregate NRI/OCI/RI holding is below 25 per cent and 50 per cent, respectively, of the assets under management in the FPI, then such entities would be permitted to be constituents of the FPI.