Quess Corp IPO has been fully subscribed on day 2. The IPO closes tomorrow.
Thursday, June 30, 2016
ITC FIXES RECORD DATE FOR BONUS ENTITLEMENT
DEMATERIALISED SECURITIES – ROLLING SETTLEMENT SEGMENT
| |||
COMPANY NAME
& CODE
|
RECORD DATE
|
PURPOSE
|
Ex-Bonus basis from Date & Sett. No.
|
ITC Ltd.
(500875, 600875)
|
04/07/2016
|
Issue of 1 (ONE) Bonus equity share for every 2 (TWO) existing equity shares held.
|
01/07/2016
DR-065/2016-2017
|
AXIS MUTUAL FUND LAUNCHES NEW SHEME
.
Scheme Name
|
Axis Hybrid Fund Series-31 (NFO)
|
NFO Period
|
June 29, 2016 to July 13, 2016
|
Scheme Type
|
A Close Ended Debt Scheme
|
Benchmark
|
Crisil Composite Bond Fund Index
& Nifty 50
|
Entry Load
|
Not Applicable
|
Exit Load
|
Not Applicable
|
Minimum Application Amount in (Rs.)
|
Rs. 5000/- and in multiples of
Rs.10/- thereafter during the New Fund Offer period.
|
IPO FRAUD: TIJARIA PROMOTERS BARRED FOR 5 YEARS.
SEBI has barred Tijaria Polypipes Limited and its Directors, viz. Mr. Alok Jain Tijaria, Mr. Vikas Jain Tijaria, Mr. Vineet Jain Tijaria and Mr. Praveen Jain Tijaria from buying, selling or dealing in the securities market, in any manner whatsoever, for a period of five years.
ELECTRIC CARS: BAIDU TO TAKE GOOGLE, APPLE
China’s internet-search giant Baidu is planning to mass produce driverless electric cars in five years. Google and Apple are also planning massive production of electric cars going forward.
IPO NEWS: D-MART PLANS LISTINGS
D-Mart, owned by Avenue Supermarts Ltd, has plans to list its shares on the bourses. The company may raise around Rs 1000 cr through the IPO.
Wednesday, June 29, 2016
QUESS CORP IPO GETS 41% SUBSCRIPTION ON DAY 1
Quess Corp IPO has received good response on day 1. The IPO got 41% subscription and retail portion subscribed by more than 2 times.
NSE TO DELIST NOVA IRON &STEEL
NSE will delist Nova Iron & Steel w.e.f. July 04, 2016.
The company was suspended from trading w.e.f. April 26, 2000 due to non compliance of provisions of the Listing agreement.
The company was suspended from trading w.e.f. April 26, 2000 due to non compliance of provisions of the Listing agreement.
IPO ANALYSIS: L&T INFOTECH LIMITED - INVEST
ISSUE DETAILS
ISSUE OPENS / CLOSES ON
|
11-07 / 13-07-2016
|
ISSUE SIZE
|
1,75,00,000 EQUITY SHARES
|
FACE VALUE
|
RS 1
|
PRICE BAND
|
RS 705-710
|
BUSINESS
|
IT SERVICES / SOLUTIONS
|
PROMOTERS
|
L&T
|
LISTINGS
|
BSE, NSE
|
BRLMs
|
CITIGROUP, KOTAK, ICICI SECURITIES
|
REGISTRAR
|
LINK INTIME
|
IPO GRADE
|
NA
|
DETAILED ANALYSIS POSTED ON 9-7-2016.
Popular News This Week
|
Popular News This Week
|
IPO ANALYSIS: ADVANCE SYNTEX LIMITED - AVOID
ISSUE
DETAILS
ISSUE OPENS / CLOSES ON
|
30-06 / 04-07-2016
|
ISSUE SIZE
|
21,00, 000 EQUITY SHARES
|
FACE VALUE
|
RS 10
|
PRICE BAND
|
RS 12
|
BUSINESS
|
Manufacturing and supplying a top notch quality array of Polyester Film,
Textile Glitter Powder, Glitter Powder
|
PROMOTERS
|
Bhavan Dhirendra Vora
|
LISTINGS
|
BSE SME
|
BRLMs
|
HEM SECURITIES
|
REGISTRAR
|
SHAREX DYNAMIC
|
IPO GRADE
|
NA
|
IPO ANALYSIS: KKV AGRO POWERS LIMITED – INVEST FOR LISTING GAINS
ISSUE DETAILS
ISSUE OPENS / CLOSES ON
|
30-06 /07-07-2016
|
ISSUE SIZE
|
RS 3.50 CR
|
FACE VALUE
|
RS 10
|
PRICE BAND
|
RS 310
|
BUSINESS
|
RENEWABLE POWER GENERATION
|
PROMOTERS
|
TK CHANDIRAN / (CHENNAI SILK GROUP)
|
LISTINGS
|
NSE SME
|
BRLMs
|
KARVY INVESTOR SERVICES
|
REGISTRAR
|
SKDC CONSULATANTS
|
IPO GRADE
|
NA
|
BUSINESS:
KKV
Agro Powers is into renewable power generation. The company has an aggregate
installation capacity of 7 MW that includes installations of 6MW Wind Energy
and a plant of solar energy. The company
has power plants located at different places in the state of Tamil Nadu.
Weighted average
EPS for the last 3 years is Rs 72.
Invest for listing
gains.
IPO NEWS : ICICI PRUDENTIAL INS CO
ICICI Prudential Life Insurance Co. Ltd is likely to launch its Rs.6,000 crore initial public offering by year end.The IPO will be the first public offering of a life insurer in India.
ANCHOR INVESTORS PUT RS 180 CR TO QUESS IPO
Quess Corp IPO which opens today has received Rs 180 crore from anchor investors. As many as 15 anchor investors bid at a price of Rs 317 per equity share. Morgan Stanley Mauritius bid for 22.21% of the total allotted shares followed by Birla Sun life Trustee, ICICI Prudential Midcap, The Nomura Trust and Banking among many others.
QUESS IPO OPENS TODAY : ATTRACTIVELY PRICED - INVEST
ISSUE DETAILS
ISSUE OPENS / CLOSES ON
|
29-06 / 01-07-2016
|
ISSUE SIZE
|
RS 400 CR
|
FACE VALUE
|
RS 10
|
PRICE BAND
|
RS 310-317
|
BUSINESS
|
Integrated business services providers
|
PROMOTERS
|
AJIT ABRAHAM ISAAC AND THOMAS COOK (INDIA) LIMITED
|
LISTINGS
|
BSE, NSE
|
BRLMs
|
AXIS CAPITAL, ICICI SECURITIES, IIFL AND YES SECURITIES
|
REGISTRAR
|
LINK INTIME
|
IPO GRADE
|
NA
|
BUSINESS:
Quess is one of India’s leading integrated business services providers focussed on emerging as the preferred partner for handling end-to-end business functions of the clients. The company offers comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services.
As of March 31, 2016, company’s Key Clients include some of the world’s largest, reputable organizations, including 20 companies ranked in the 2015 Fortune Global 500 list.
The service and product offerings include four broad operational segments: Global Technology Solutions, People and Services, Integrated Facility Management and Industrial Asset Management.
RISKS:
- One of the Group Entity, Fairfax, is currently under investigation for possible illegal insider trading.
· The company has acquired many enterprises in the recent past, hence integration risk.
· The company operates in highly competitive segment.
· Unprofessional management - There have been eight instances of discrepancies/inadvertent mistakes made in relation to certain filings made by the Company before the RoC. Further, there have been 17 instances of delayed remittance of provident fund contributions, 26 instances of delayed remittance of employees’ state insurance contributions and 34 instances of delayed filing of TDS returns and one instance of non - filing of a TDS return.
· The acquisition of Brain hunter Systems Limited is challenged under Indian laws. Brainhunter represents a significant percentage of our consolidated revenues and contributed 7.09% and 10.85% of the total revenues from operations in Fiscal 2015 and in Fiscal 2016, respectively.
FINANCIALS: (RS IN CRORES)
31-03-2015
|
31-03-2016
| ||
CAPITAL
|
25.77
|
113.33
| |
REVENUES
|
2572
|
3442
| |
NET PROFIT
|
67.21
|
88.52
| |
EPS
|
7.28
|
7.82
|
STRENGTHS:
Leading integrated business services provider in diversified business segments, industries and geographies.
Track record of successful inorganic growth with improved financial performance.
VALUATION AND RECOMMENDATIONS:
Promoters(Thomas Cook) have proven track record and credibility. Quess is likely to report an EPS around Rs 10 for FY 17. The offer is made around 40 PE, on diluted capital, which is reasonable. Comparable company in the segment is TeamLease which hit the market recently. TeamLease is trading around 56 PE.
Invest for listing gains and as well as for long term appreciation.
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