Friday, March 31, 2017

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 TypeSecured and Unsecured Redeemable Non-Convertible Debentures
SeriesI-XI
Issue Period11 Apr 2017 to 10 May 2017
Market Timing10:00AM to 5:00 PM
Post Issue Modification Date11 May 2017
Offer Price / Face Value1000.00
Minimum Bid Quantity10
10 NCDs i.e. Rs.10,000 (either taken individually or collectively across all or any series of NCDs)
Issue Size20,00,000
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 Manager1) Edelweiss Financial Services Limited

2) A.K. CAPITAL SERVICES LTD


RegistrarLINK 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.

Thursday, March 30, 2017

RIGHTS ISSUE : MAHINDRA LIFESPACE DEVELOPERS LTD - APPLY

All Prices in 

Security TypeEquity - Rights
Issue Period12 Apr 2017 to 26 Apr 2017
Issue Size – No.of Shares1,02,73,600
Face Value10.00
Price (Inclusive of Premium)292.00
Market Lot1
LTP434.80
Book Running Lead ManagerICICI Securities Limited
RegistrarKarvy Computershare Private Limited




NotesIssue 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

Wednesday, March 29, 2017

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