Forthcoming IPO : APEX FROZEN FOODS LIMITED

Issue details:

PROMOTERS	KARUTURI SATYANARAYANA MURTHY AND KARUTURI SUBRAHMANYA CHOWDARY
FACE VALUE	Rs 10
ISSUE SIZE	87,00,000 equity shares
BUSINESS	Producer / exporters of aquaculture products
LISTINGS	Bse, nse
BRLMs	Karvy Investor Services
REGISTRAR	Big share

ASCI directs to Airtel to withdraw advt

ASCI, the advertising watchdog has asked Bharti Airtel to “modify appropriately or withdraw” the TV commercial and website advertisement by April 11, 2017, where broadband tester Ookla declared Airtel as the “Fastest Mobile Network” in India. 
However, Bharti Airtel said it disagrees with the Advertising Standards Council of India (ASCI) decision and said the company will file an appeal as per guidelines. Ookla said it stood by its conclusions.

C L Educate debuts at 20% discount

C L Educate has debuted at 20 % discount its IPO price. As against the IPO price of Rs 502, the stock listed at Rs 402. Currently trading around Rs 421.

IPO Analysis : Focus Lighting and Fixtures Limited - Avoid

ISSUE DETAILS:

Issue opens / closes on	30-03 / 05-04-2017
Promoters	A V Seth
Business	Design / consultancy in electrical products
ISSUE SIZE	Rs 4 cr
FACE VALUE	Rs 10
PRICE	Rs 45
LISTINGS	Nse, emerge
BRLMs	Sarthi Capital
REGISTRAR	Big Share

IPO Analysis: Creative Peripherals and Distribution Limited - Avoid

ISSUE DETAILS

Issue opens / closes on	29-03 / 03-04-2017
Promoters	Ketan patel
Business	Distribution / merchandising / training
ISSUE SIZE	18,00,000 equity shares / Rs 14 cr
FACE VALUE	Rs 10
PRICE	Rs 71-75
LISTINGS	Nse, emerge
BRLMs	Pantomath Capital
REGISTRAR	Big Share

Muthoot Finance to raise Rs 200 cr through NCD

ISSUE DETAILS : All Prices in

Muthoot Finance Limited Security Type Secured and Unsecured Redeemable Non-Convertible Debentures Series I-XI Issue Period 11 Apr 2017 to 10 May 2017 Market Timing 10:00AM to 5:00 PM Post Issue Modification Date 11 May 2017 Offer Price / Face Value 1000.00 Minimum Bid Quantity 10 10 NCDs i.e. Rs.10,000 (either taken individually or collectively across all or any series of NCDs) Issue Size 20,00,000 Base Issue Size of Rs 2,000 million with an option to retain oversubscription upto the Shelf Limit of Rs. 20,000 million Ratings [ICRA] AA (Stable) by ICRA, CRISIL AA/Stable by CRISIL Book Running Lead Manager 1) Edelweiss Financial Services Limited 2) A.K. CAPITAL SERVICES LTD Registrar LINK INTIME INDIA PRIVATE LIMITED

IPO ANALYSIS : DEV INFORMATION TECHNOLOGY LIMITED - AVOID

ISSUE DETAILS:

Issue opens / closes on	31-03 / 06-04-2017
Promoters	JAIMIN JAGDISHBHAI SHAH, MR. PRANAV NIRANJANBHAI PANDYA, MRS. AMISHA JAYMINBHAI SHAH, MRS. KRUTI PRANAV PANDYA, JAIMIN JAGDISHBHAI SHAH (HUF) AND PRANAV NIRANJAN PANDYA (HUF)
Business	IT / ITes
ISSUE SIZE	14,88,000 equity shares
FACE VALUE	Rs 10
PRICE	Rs 32
LISTINGS	Nse - emerge
BRLMs	Hem Securities
REGISTRAR	Link Intime

Avoid the IPO.

Reason : Unprofessional management.

Canara bank cuts interest rates

Canara Bank has announced 0.10 percentage point reduction in its MCLR-based lending rate to 9.40 per cent from April 1, making loans cheaper for consumers. 

The bank has revised its base rate (based on MCLR) from 9.50 per cent to 9.40 per cent, a reduction of 10 basis points with effect from April 1, 2017.

RIGHTS ISSUE : MAHINDRA LIFESPACE DEVELOPERS LTD - APPLY

All Prices in

Security Type Equity - Rights Issue Period 12 Apr 2017 to 26 Apr 2017 Issue Size – No.of Shares 1,02,73,600 Face Value 10.00 Price (Inclusive of Premium) 292.00 Market Lot 1 LTP 434.80 Book Running Lead Manager ICICI Securities Limited Registrar Karvy Computershare Private Limited Notes Issue of up to 10273600 Equity Shares of Face Value Rs. 10 each of the company for cash at a price of Rs. 292 on a Rights Basis to the eligible Shareholders of our company in the ratio of 1 Equity Shares for 4 fully paid-up Equity Shares held on the Record Date, that is on March 31, 2017.

IPO ANALYSIS : ESCORP ASSET MANAGEMENT LIMITED - AVOID

ISSUE DETAILS:

Issue opens / closes on	31-03 / 06-04-2017
Promoters	Shripal Shrenik Shah
Business	Portfolio management services
ISSUE SIZE	21,60,000 equity shares
FACE VALUE	Rs 10
PRICE Band	Rs 15
LISTINGS	Bse-sme
BRLMs	Bcb Brokerage
REGISTRAR	Big share

Kotak Mahindra bank launches disruptive banking services

 Kotak Mahindra Bank has launched disruptive banking services - 811 banking, zero balance, no charges.

811 is a digital banking platform which is available on Google Play Store and will soon be available on Apple’s App store. By downloading the app, a customer can open a so-called “banking account in 2 minutes” by providing Aadhaar and PAN numbers and enjoy full-fledged banking services.

Payment banks are likely to feel the heat of KMB's new banking initiative.

Cloud Computing : Nvidia signs up with Chinese internet major

Nvidia Corporation got a big win for its cloud computing business by signing up with  Chinese Internet major - Tencent Holdings, which will deploy Nvidia GPUs as a public cloud computing service to customers.

Forthcoming IPO : COCHIN SHIPYARD LIMITED

Issue details:

PROMOTERS	Govt of India
FACE VALUE	Rs 10
ISSUE SIZE	33,984,000 EQUITY SHARES
BUSINESS	Ship building / repair
LISTINGS	Bse, Nse
BRLMs	SBI Caps, Edelweiss, JM financials
REGISTRAR	Link Intime

IPO ANALYSIS : M K PROTEINS LIMITED - AVOID

ISSUE DETAILS:

Issue opens / closes on	31-03 /07-04-2017
Promoters	Vinod Kumar, Mr. Raj Kumar, Mr. Parvind Kumar and Pramod Kumar (HUF)
Business	Production/refining plant of Edible Oils.
ISSUE SIZE	14,62,000 equity shares
FACE VALUE	Rs 10
PRICE Band	Rs 70
LISTINGS	Nse- emerge
BRLMs	Sarthi Capital Advisors
REGISTRAR	Big share