ONGC's GAS DIVERSION : BIG BLOW TO RIL's CREDIBILITY, BUSINESS ETHICS

Justice A P Shah commission confirmed that there was a migration of gas from state-run ONGC's block in Krishna Godavari basin to the adjacent fields owned by Mukesh Ambani-led Reliance Industries.

The one-man panel's report stands close to the findings of the report submitted by the US-based consultant DeGolyer and MacNaughton (D&M) in November 2015, which stated that about 11.122 billion cubic meters of natural gas worth about Rs 11,000 crore had migrated to the RIL fields from ONGC's idle fields.

The findings are a big blow to RIL's credibility and business ethics.

CARTELIZATION : CCI IMPOSES FINE ON ULTRATECH, OTHERS

Competition Commission has imposed more than Rs 6,700 crore penalty on 10 cement companies.

A fine of Rs 1,147.59 crore has been imposed on ACC, while penalties on Jaiprakash Associates and Ultratech are Rs 1,323.60 crore and Rs 1,175.49 crore, respectively.

The fines on other companies are Rs 274.02 crore (Century), Rs 187.48 crore ( India Cements), Rs 128.54 crore (J K Cements), Rs 490.01 crore (Lafarge), Rs 258.63 crore (Ramco), ACL (Rs 1,163.91) and Binani (Rs 167.32 crore).

IPO ANALYSIS: SPRAYKING AGRO EQUIPMENT LIMITED - INVEST

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	31-08 /02-09-2016
ISSUE SIZE / OFS	8,88,000 EQUITY SHARES
FACE VALUE	RS 10
PRICE BAND	RS 21
BUSINESS	BRASS AGRO EQUIPMENTS / BRAS PLUMBING COMPONENTS
PROMOTERS	PRAGJI BHAI PATEL
LISTINGS	BSE SME
BRLMs	PANTOMATH CAPITAL
REGISTRAR	SHAREX DYNAMIC
IPO GRADE	NA

IPO ANALYSIS: SPICY ENTERTAINMENT AND MEDIA LIMITED - AVOID

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	01-09 /07-09-2016
ISSUE SIZE / OFS	48,200, 000 EQUITY SHARES
FACE VALUE	RS 10
PRICE BAND	RS 10
BUSINESS	EVENT MANAGEMENT
PROMOTERS	M/S. PINK LADY MERCHANDISE LLP & MR. ANINDYA BIKAS DATTA
LISTINGS	BSE SME
BRLMs	FIRSTOVERSEAS CAPITAL
REGISTRAR	MAHESHWARI DATAMATICS
IPO GRADE	NA

MINIMUM WAGE, BONUS CEILING HIKED

Center has  hiked the lowest wage for unskilled central government workers to Rs 350 a day from Rs 246. The increase will also be effective for central public sector undertakings.

The Payment of Bonus Act, 2015, doubled the statutory bonus paid to central government employees and made more workers eligible by raising the salary ceiling from Rs 10,000 a month to Rs 21,000. 

The Bill was to be effective from April 2015 but was made applicable from April 2014.

IPO LISTING NEWS : RBL BANK TO LIST ON 31-08-2016

IPO shares of RBL Bank will be listed on the exchanges on 31-08-2016.

DHFL's RS 2000 CR NCD OPENS TODAY : SUBSCRIBE

Dewan Housing Finance Corporation Limited
Symbol	DHFLNCD2
Series	S1 - 9.05% 3 years, for Category I & II and 9.10% 3 years, for Category III & IV - Annual Coupon
	S2 - 9.05% 5 years, for Category I & II and 9.15% 5 years, for Category III & IV - Annual Coupon
	S3 - 9.05% 7 years, for Category I & II and 9.25% 7 years, for Category III & IV - Annual Coupon
Issue Period	29-Aug-2016 to 12-Sep-2016
Post issue Modification Period	14-Sep-2016
Issue Size	Rs.2,00,000 lakhs with an option to retain oversubscription up to Rs. 8,00,000 lakhs aggregating upto shelf limit of Rs. 10,00,000 lakhs
Security Type	Secured Redeemable Non-Convertible Debentures
Price	Rs 1000
Face Value	Rs 1000
Market Lot	1 (one) Bond
Minimum Application Value	10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiples of 1 Bond (Rs. 1,000) thereafter
IPO Grading	CARE AAA (Triple A) by CARE ; BWR AAA (Triple A) by Brickwork Rating India Private Ltd
Rating Agency	CARE and BRICKWORK
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Lead Managers	Edelweiss Financial Services Limited, A. K. Capital Services Limited, ICICI Bank Limited, SBI Capital Markets Limited, Trust Investment Advisors Private Limited ,Yes Securities (India) Limited, Axis Bank Limited, IndusInd Bank Limited and IIFL Holdings Limited
Name of the Registrar	Karvy Computershare Private Limited

NSE TO DELIST 140 COMPANIES

National Stock Exchange has identified 140 firms, which have failed to comply with list guidelines and initiated the process of delisting  which is likely to be completed by October-end.

LUPIN's SUBSIDIARY RECEIVES US FDA APPROVAL

Lupin's US subsidiary, Gavis Pharmaceuticals LLC., U.S.A.has received final approval for its Linezolid® Tablets, 600 mg from the United States Food and Drug Administration (FDA) to market a generic equivalent of Pharmacia & Upjohn Company's Zyvox® Tablets, 600 mg. Linezolid® Tablets, 600 mg are the AB rated generic equivalent of Pharmacia & Upjohn Company's Zyvox® Tablets, 600 mg. 

It is indicated in adults and children for the treatment of certain infections caused by susceptible Gram-positive bacteria. 

NSE SHIFTS 11 STOCKS TO BZ GROUP

NSE has transferred the following securities to ‘BZ’ series with effect from September 01, 2016 due to non-compliances.

Acropetal Technologies Limited 
Broadcast Initiatives Limited 
ENTEGRA Entegra Limited 
GEI Industrial Systems Limited 
Kemrock Industries and Exports Limited 
Lumax Automotive Systems Limited 
Paramount Printpackaging Limited 
Resurgere Mines & Minerals Limited 
Shri Aster Silicates Limited 
Spectacle Ventures Limited 
Suryajyoti Spinning Mills Limited

IPO ANALYSIS: MADHYA BHARAT AGRO PRODUCTS LIMITED - INVEST

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	29-8 /02-09-2016
ISSUE SIZE / OFS	57,90 0000 equity shares
FACE VALUE	RS 10
PRICE BAND	RS 24
BUSINESS	Manufacturers of Beneficiated Rock Phosphate (BRP) and Sulphuric acid
PROMOTERS	Pankaj Ostwal, Mr. Praveen Ostwal, Seasons Agro Chem India Private Limited & Ostwal Phoschem (India) Limited
LISTINGS	NSE EMERGE
BRLMs	HEM SECURITIES
REGISTRAR	BIG SHARE
IPO GRADE	NA

FORTHCOMING IPO: LAURUS LABS LIMITED

                                                 ISSUE DETAILS

ISSUE SIZE	RS 300 CR PLUS OFS OF 2.44 CR SHARES
PRICE BAND	--
FACE VALUE	RS 10
BUSINESS	PHARMACEUTICALS MANUFACTURERS
PROMOTERS	DR. SATYANARAYANA CHAVA, NAGA RANI CHAVA, DR. RAJU SRIHARI KALIDINDI, RAVI KUMAR V V AND DR. LAKSHMANA RAO C V
LISTINGS	BSE, NSE
BRLMs	KOTAK MAHINDRA CAPITAL, SBI CAPS, JEFFERIES, CITIGROUP
REGISTRAR	KARVY
IPO GRADE	NA

RBL BANK IPO SUBSCRIBED 70 TIMES

RBL Bank IPO has received 70 times subscription on the last day.

HPCL Q1 NUMBERS BEAT ESTIMATES

HPCL has posted a net profit of Rs. 2098 cr for the quarter ended June 30, 2016 as compared to Rs. 1614 cr for the quarter ended June 30, 2015. 

The total income has decreased from Rs. 55059 cr for the quarter ended June 30, 2015 to Rs. 51936 cr for the quarter ended June 30, 2016.

Net profit for the quarter were at least 10% more than what the analysts were expecting.

INDRAPRASTHA GAS POSTS RS 148 CR NET IN Q1

IGL has posted a net profit after tax of Rs. 148 cr for the quarter ended June 30, 2016 as compared to Rs. 102 cr for the quarter ended June 30, 2015. 

The total income has increased from Rs. 907cr for the quarter ended June 30, 2015 to Rs. 908 cr for the quarter ended June 30, 2016.

The stock gained Rs 30 and closed at Rs 729.

IPO ANALYSIS: SHIVA GRANITO EXPORT LIMITED - AVOID

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	23-8 /29-08-2016
ISSUE SIZE / OFS	42 lacs shares
FACE VALUE	RS 10
PRICE BAND	RS 12
BUSINESS	Importer and exporter manufacturers of decorative stones
PROMOTERS	SURESH UPADHYAY AND ABHISHEK UPADHYAY
LISTINGS	BSE SME
BRLMs	PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
REGISTRAR	BIG SHARE
IPO GRADE	NA

IPO ANALYSIS: MITSU CHEM PLAST LIMITED - AVOID

ISSUE DETAILS

ISSUE OPENS / CLOSES ON	26-08 / 31-08-2016
ISSUE SIZE / OFS	10 lacs shares
FACE VALUE	Rs 10
PRICE BAND	Rs 95
BUSINESS	Polymer based moulded products manufacturers
PROMOTERS	Jagdish Dedhia, Mr. Sanjay Dedhia and Mr. Manish Dedhia
LISTINGS	BSE SME
BRLMs	ARYAMAN FINANCIAL SERVICES
REGISTRAR	BIG SHARE
IPO GRADE	NA

RBL BANK IPO GETS 3 TIMES SUBSCRIPTION ON DAY 2

RBL Bank IPO has received 3 times subscription on day 2. The IPO closes tomorrow.

SUPPLY OF POOR QUALITY FABRICS : WELSPUN TANKS 20%

Welspun shares have slumped 20 per cent as its European client Target  has severed all its business ties with Welspun India over Egyptian-cotton controversy. 

Target says that in July it discovered that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton / poor quality cotton.

The stock has tanked 20% and trading at Rs 82.

10 OUT OF THE 21 IPOS OF 2015 TRADE BELOW OFFER PRICE

In 2015 a total of 21 IPOs hit the market. Out of the above only 11 are trading above the offer price. The rest are trading below the IPO price.

The stocks that are trading below IPO  price are -  Ortel, Adlabs, Inox Winds, MEP Infra, UFO Moviez, PNC Infra, Pennar Engg, Sadbhav Infra, Prabhat Dairy and Coffee Day 

FirstChoiceIPO had advised the investors to stay away from the IPOs which are trading below the offer price.

RARE COINCIDENCE: GUJARATIS ARE AT HELM OF AFFAIRS IN INDIA

In a rare coincidence since independence Gujaratis are now calling shots in India.

Look at the following list.

1.	PM OF INDIA	SHRI NARENDRA MODI
2.	RBI GOVERNOR	URJIT PATEL
3.	OIL KING AND RICHEST MAN OF INDIA	MUKESH AMBANI
4.	DIAMOND KING	BHARAT SHAH / NIRAV MODI
5.	PRESIDENT OF THE BIGGEST POLITICAL PARTY OF THE WORLD	AMIT SHAH
5.	GOLD KING	RAJESH MEHTA
6.	THE MAN WHO CONCEIVED THE FAMOUS IPL FORMAT	LALIT MODI
7.	SECOND RICHEST MAN OF INDIA	DILIP SANGHVI OF SUN PHARMA
8.	IT CZAR AND GREATEST PHILANTHROPIST OF INDIA	AZIM PREMJI OF WIPRO ( BORN IN GUJARAT)
9.	HEAD OF THE FASTEST GROWING NEW GENERATION BANK	UDAY KOTAK
10.	FORBES 40 RICHEST INDIANS	GUJARATIS
11.	TOP FIVE RICHEST INDIANS	GUJARATIS
12.	KINGS OF STOCK MARKET	GUJARATIS
	APART FROM THE ABOVE MOST OF THE WHOLE SALE BUSINESS IN INDIA ARE CONTROLLED BY GUJARATIS.

NOTE: THEY ARE ALL SELF MADE PERSONS / ARE HOLDING POSITION BECAUSE OF THEIR EXCELLENCE IN THE CHOSEN FIELD. NO POLITICS.