Thursday, September 26, 2019

IPO ANALYSIS : IRCTC - AVOID



Issue Details :

Issue opens / closes on
30-09 /03-10-2019
Issue size
Rs 625 Cr
Face value
Rs 10
Price Band
Rs 315-320
Business
Online ticketing, tourism and the catering arm of railways
Promoters
Govt of India
Listing
Bse, Nse
BRLM
IDBI Capital Markets,
SBI Caps
 and Yes Securities
Registrar
Alankit Assignments
Limited
AWAIT DETAILED ANALYSIS.

Sunday, September 22, 2019

IPO ANALYSIS : SHIV AUM STEELS LIMITED - AVOID


Issue Details :

Issue opens / closes on
19-09 /23-09-2019
Issue size
36,00,000 equity shares
Face value
Rs 10
Price Band
Rs 44
Business
Trading in mild steel products
Promoters
Sanjay Bansal, Ajay Bansal, Jatin Mehta, Jatin Mehta HUF
Listing
Nse, emerge
BRLM
Aryaman Financial Services
Registrar
Skyline Financial Services

Moody's : Rate cut credit negative for sovereign

Rating agency Moody's says that the government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-tax incomes.

However, it is credit negative for the sovereign as it aggravates mounting risks for the government in meeting its fiscal deficit target.

Among Moody's rated non-financial companies in India, commodity and information technology  services companies will benefit most from the tax rate cut. But the degree of strengthening in corporate credit profiles will depend on whether companies reinvest surplus earnings into their businesses, or use them to reduce debt or to boost shareholder returns.