Wednesday, March 15, 2017

Apple to launch new products

 Apple will soon to launch a Red colour variant of the iPhone 7, a 128GB storage variant of the iPhone SE, and new iPad Pro models. Apple is indeed set to launch new products, in the  last week of March. 

IPO ANALYSIS : Shankara Building Products Limited




ISSUE DETAILS


ISSUE OPENS / CLOSES ON
22-03 / 24-03-2017
ISSUE SIZE
Fresh issue of equity plus OFS of 65,21, 740 shares, aggregating upto Rs 400 cr.
Price Band
Rs 440-460
PROMOTERS
Sukumar Srinivas
LISTINGS
Bse, Nse


BRLM

IDFC Bank, Equirus capital, HDFC bank
BUSINESS
Mfrs of building products -TMT, Cement, Scaffolding, Msand, Steel Pipes, Roofing Solution, Plumbing, Electrical, Paints, Tiles, Exterior cladding, Solar products, etc
REGISTRAR
Karvy



Business:

The company is in to organised retailing of home improvement and building products.  Under retail operations, the company offers a comprehensive range of products at our stores, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.

Risks:
  1. Non compliance of regulatory filings in the past.
  2. Acquisition of a subsidiary without proper valuation.
  3. Declining RoNW.
  4. Company has experienced negative cash flows in four of the preceding five Fiscals.


          Financials:
   


                   (Rs in crores)


31-12-2016
(9 months)
31-03-2016
31-03-2015
Capital
21.87
21.87
21.87
Revenue
1709
2036
1979
Net profit
41.54
41.32
22.57
EPS
18.99
18.90
10.32



Valuation and recommendations:

The offer is made around 25 PE, on its post IPO equity, which is expensive for not so professionally manged centerprise.

AVOID THE IPO.

RIL, ONGC may get pricing freedom

 Reliance Industries and ONGC has moved a proposal to the Center for allowing pricing freedom for natural gas produced from coal seams.

The ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates. 

FORTHCOMING IPO : NAKSHATRA WORLD LIMITED

    
Issue details:


ISSUE OPENS / CLOSES ON

FACE VALUE
Rs 10
ISSUE SIZE
1,80,00,000 equity shares

BUSINESS
Mfrs / distributors of branded jewellery
PROMOTERS
PROMOTERS: GITANJALI GEMS LIMITED AND MR. MEHUL CHOKSI
LISTINGS
Bse, Nse
BRLMs
IDBI Capital, Elara Capital
REGISTRAR
Karvy


IPO ANALYSIS : CL EDUCATE LTD - AVOID


ISSUE DETAILS:


Issue opens / closes on
20-03 /22-03-2017
Promoters
SATYA NARAYANAN R, GAUTAM PURI, NIKHIL MAHAJAN, R. SHIVA KUMAR, SREENIVASAN .R, SUJIT BHATTACHARYYA AND BILAKES CONSULTING PRIVATE LIMITED
Business
Diversified and integrated technology-enabled provider of education products, services.


ISSUE SIZE
47,60,000 equity shares
FACE VALUE
Rs 10
PRICE Band
Rs 500-502
LISTINGS
Bse, Nse
BRLMs
Kotak mahindra Capital Company
REGISTRAR
Karvy

Business:


CL Educate  focuses on diverse segments of education, and across learners of multiple age-groups. Led by a team of highly qualified professionals including IIT-IIM alumni, with a passion for excellence in education.
In the past 20 years, the CL brand has diversified and established itself as a recognized brand in education sector. We operate across a broad spectrum of segments in the education industry, including test preparation, K-12 education and vocational training.
As on September 30, 2015, CL had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices.
CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services.


     Financials:

                   (Rs in crores)



31-12-2016
(9 months)
31-03-2016
31-03-2015
Capital

11.93
11.64
Revenue

283
274
Net profit

21
21
EPS (diluted)

18.08
19.30





Valuation and recommendations:

The offer is made around on the expanded capital, on its FY18 earnings, which is very expensive.

Avoid the IPO.

Tuesday, March 14, 2017

QUOTE OF THE DAY



Success is failure turned inside out. If you're afraid to fail, you'll never succeed.  Dorothy Herman

Intel to enter driverless car segment

 Chipmaker Intel is planning to foray into driverless cars In this regard the  company will take over Mobileye, which develops autonomous driving  system.  The deal could be worth $15bn. 

 Mobileye and Intel are already working together, along with German  carmaker  BMW, to put 40 test vehicles on the road in the second half of this  year.

 Intel expects the driverless market to be worth as much as $70bn by 2030.

Monday, March 13, 2017

IPO ANALYSIS : AIRAN LIMITED - AVOID



ISSUE DETAILS:

Issue opens / closes on

14-03 / 16-03-2017
Promoters
Airan Network Private Limited, Sandeepkumar Agrawal & Mrs. Poonam A
Business
IT  /ITes, allied services

ISSUE SIZE
33,00,000 equity shares
FACE VALUE
Rs 10
PRICE Band
Rs 45
LISTINGS
Nse - emerge
BRLMs
Swastika Investments
REGISTRAR
Karvy

Sunday, March 12, 2017

Bank Frauds : ICICI Bank Tops the list.

Private sector lender ICICI Bank has topped the list of frauds in banks. As many as 455 fraud cases involving Rs one lakh and above were recorded in ICICI Bank in 2016 according to Reserve Bank of India.  State Bank of India came second with 429 such cases, and Standard Chartered with 244 cases at third position.

 SBI has  reported illegal transactions involving more than Rs 2,200 crore while Punjab National Bank saw fraud of Rs 2,250 crore. Axis Bank reported 189 cases of bank fraud in the mentioned period, involving Rs 1,998 crore.

About 450 bank employees have been involved in fraud cases worth Rs 17,750 crore in different public and private sector banks from April to December 2016, the data said. In the case of HDFC, which has recorded 237 such instances, 49 of its employees were involved in these cases.

Saturday, March 11, 2017

Our appeal vs election results.

(FirstChoiceIPO had made the following appeal in the first week of Jan 2017.)

In few weeks, 5 states will go to polls. Team firstchoiceipo appeals to the voters to note the following.

Please VOTE against :

1. Dynasty politics.

2. Corruption, nepotism

3. Caste / creed / religion based politics.

4. Use of money and muscle power to garner votes.

5. Dishonest candidates.

If the candidates falls in any of the above category, please do not vote them. Think twice before you exercise your franchise. 

Let us build a clean INDIA.

It appears people have voted for clean India.

Friday, March 10, 2017

Avenue Supermarkets IPO gets more than 100 times subcription

Avenue Supermarkets IPO, which closed for subscription today, has received more than 100 times subscription by 4 pm.

Poll prediction

FirstChoiceIPO has the following poll prediction.

1. U P  - hung assembly

2. Punjab - AAP

3. Uttarakhand - BJP

4. Manipur - Congress

5. Goa - hung assembly.

IPO ANALYSIS : Chemcrux Enterprises Limited - Invest



ISSUE DETAILS:

Issue opens / closes on
15-03 /20-03-2017
Promoters
Sanjay Bhai Marathe and Girish Shah
Business
Mfrs of intermediaries for bulk drugs, dyes and pigments

ISSUE SIZE
13,36,000 equity shares
FACE VALUE
Rs 10
PRICE Band
Rs 18
LISTINGS
Bse- sme
BRLMs
Pantomath Capital
REGISTRAR
BigShare