Morning Business News Round Up_May 23, 2018

  •   SBI to sell stake in SBI Gen, SBI Card & SBI Caps soon
  •   OC posts 40% YoY jump in Q4 profit at Rs 5,218 cr
  •   India Inc foreign borrowing jumps over 2-fold in April
  •   Venezuela willing to accept oil payments in rupees
  •   Over 39L jobs created in 7 months till March: EPFO78
  •   Dalmia Bharat not to revise bid for Binani Cement
  •  Image result for 5g image ‘5G to offer $27 bn biz opportunity for India by 2026’
  •   SBI posts record loss of Rs 77 bn in Q4; stock rises 3.7%
  •  Modi, Putin talk multi-nation trade corridor being built by India via Iran
  •  Sebi probes insider trading violation at Fortis Healthcare
  •   Oil on the boil: Fuel subsidy may hit Rs 530 bn: Moody’s
  •   Rupee recovers from two-day fall to 68.04 vs dollar, edges 8 paise higher
  •   Sebi to ease norms for MF in derivative investment by raising cap on F&O
  •   Hyundai to hike vehicle prices by up to 2% from June
  •   DLF eyes bookings of ₹2,500 cr in FY’19; to be debt free by March
  •   Bharti Group exits Biyani’s Future Enterprises by selling its 13.64% stake
  •   RCom moves NCLAT challenging order allowing plea for its insolvency
  •   Highest bidder for Air India to be known by Aug: Choubey
  •   NCLAT puts Essar Steel insolvency process on hold
  •   Cipla back in black, posts Q4 profit of Rs179 crore but misses estimates
  •   Bosch Q4 standalone net down 1.51% at Rs433.78 crore
  •   Bata India March quarter profit jumps 44.8% to Rs52 crore
  •   Warburg Pincus leads race to buy 26% stake in insurer IndiaFirst
  •   India may not accept arbitration orders annulling Cairn, Vodafone tax demands
  •   Airbus says will obey WTO ruling on aircraft subsidies
  •   Sony buys EMI Music Publishing in USD 1.9bn deal
  •   SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart
  •   China, US near deal on ZTE reprieve; Beijing cuts auto tariffs
  •  FY18 fiscal deficit may come down to 3.4%
  •   DHFL raises over Rs 10,000 crore on day 1
  •   CCI okays $66 billion Bayer-Monsanto deal
  •   Essar Steel insolvency: NCLAT orders status quo
  •   SGX to launch Indian derivatives despite legal move by NSE

Today’s M & A Deals_May 23, 2018

M & A Deals :

  • Exclusive: Industrial chemicals firm Calchem set for management buy-in
  • Blume-backed home rental startup FastFox buys property review platform
  • Sensex’s losing streak ends; SBI gains despite steep quarterly loss
  • Online lender EarlySalary buys instant consumer loan startup CashCare
  • CureFit to buy Indian arm of gym chain Fitness First in bid to boost revenues
  • Vernacular app NewsDog gets $50 mn from Tencent, others

Today’s M & A Deals_May 22, 2018

M & A Deals :

  • Harsha Raghavan quits Fairfax, to float investment firm
  • UltraTech to acquire cement business of Century Textiles
  • E-tailer Infibeam buys UAE-based digital payments firm
  • State-run Rail Vikas Nigam gets nod for IPO
  • IndoStar Capital pares gains after listing at 5% premium
  • Former TaxiForSure execs’ startup Rocketium gets seed funding

 

Image result for infibeam

 

Morning Business News Round Up_May 22, 2018

  •   India to achieve 9 per cent growth rate by 2022
  •   China to buy large amounts of US farm exports: Trump
  •  Related image Rising crude may stretch CAD to 2.5 pc of GDP in FY19
  •   CBI charge-sheets Rotomac promoters
  •   US issues steep list of demands for treaty with Iran
  •   SBI and PNB just got a $5.2 bn breather, but it may not last
  •   Google may face $4.3 bn claim in iPhone privacy case
  •   Fortis faces MCA probe for mismanagement, EGM to seal takeover    on Tuesday
  •   NCLAT hope for L&T, firm to argue case on Tuesday for Bhushan      Steel dues
  •   Two consecutive years of better monsoon, MSP hike lift rural              demand
  •   Markets drop for fifth straight session on rising crude oil prices
  •   Canada, US, Mexico to renegotiate new NAFTA deal, bring it to conclusion
  •   Foreign investments in Indian start-ups doubled to $16,728 million in 2017
  •   Set sugarcane pricing free: Industry body ISMA to Govt
  •   At 33.26 mt, wheat purchases exceed target by 4%
  •   Rail Vikas Nigam gets SEBI’s nod to launch IPO
  •   L&T’s hydrocarbon arm bags Rs 3,800-cr worth orders
  •   Colgate Palmolive profit rises 25%
  •   India’s Q4 GDP growth likely at 7.4%: Icra
  •   UAE to allow 100% business ownership to foreign investors
  •   NSE to delist Kingfisher Airlines, 17 others from 30 May
  •   Glenmark gets USFDA nod for generic version of Welchol tablets
  •   Moody’s downgrades PNB on impact of Nirav Modi fraud
  •  Sensex ends down 232 points as 1970 BSE stocks drop; PSU banks surge on mega resolution
  •   Income Tax department to file pleas in NCLT to extract tax due from shell firms
  •   Finmin ties up with 40 entities to extend funding under Mudra scheme
  •   Government to step up coal supply to power plants from May 19 -June 30
  •   FinMin rules out raising equity investment limit for pension funds
  •   Airlines may get nod to tap ECB window for low-cost funds
  •   Banks have tapped just a third of credit-worthy consumers: Report
  •   CAIT to move CCI against Flipkart-Walmart deal
  •   Gems & jewellery exports dip 22% in April

Upcoming SME IPO_ Arihant Institute Limited IPO

Arihant Institute Limited IPO

Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 30
Lot Size 4000
Issue Size 7.50 Cr
Lead Manager MONARCH NETWORTH CAPITAL LIMITED
Registrar Karvy Computershare Private Limited
Platform BSE

Company’s Snapshot :

Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses – Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.

The Company operates the educational program and coaching under the Brand Name ―Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company’s student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.

Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.

Object of the Issue :

The Objects of the Issue are-

1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content Development
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 586.93 575.03 729.55 666.60 597.24
Total Revenue 169.20 864.20 385.50 609.96 864.20
Profit After Tax 112.74 (14.45) 3.79 (146.26) 16.48

 

Company Promoters:

The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.

 

Contact Company Information:

Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad – 380 013
Phone: 079- 27683113
Email: cs@arihantinstitute.com
Website: http://www.arihantinstitute.com

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_ Nakoda Group of Industries Limited

 Nakoda Group of Industries Limited

IPO Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 29, 2018
Issue Price 35
Lot Size 4000
Issue Size 6.48 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in the year 2013, Nagpur, Maharastra based Nakoda Group of Industries Limited is engaged in manufacturing of tutti fruity (Diced Chelory) also called as ―Papaya Preserve and canned fruit cubes which comes under the category of bakery products. The company is also engaged in the processing of almonds and trading of sesame seeds, clove, cut peel murabba, karonda, daalchini and toor daal.

As on March 2017, the company’s revenue from almond processing consists of 45.93%, manufacturing of tutti fruity consists of 23.92% and from trading consist of 30.14%. Out of the total revenue generated from manufacturing of Tutti Fruity i.e. 553.58 lakhs, 61.36% is generated from Exporting to London, Malaysia, Dubai, Saudi Arab and 38.64% is from the domestic sale.

On 18 July 2016, Nakoda Group of Industries Limited took over the running business of M/s. Navkar Processors the sole proprietorship concern of the promoter Pravin Choudhary and subsequently the business of this proprietorship concern was merged into the Company. The manufacturing units of the company is located in Nagpur.

The company has 16 employees at the Registered Office and Manufacturing Unit.

Object of the Issue :

The objects of the issue are-

  1. Purchase of Plant and Machinery
    2. Working Capital Requirement
    3. General Corporate Purpose

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,415.44 2,784.96 57.95 1.60 1.70
Total Revenue 4,394.75 2,378.62
Profit After Tax 99.48 48.24 (0.12)

Company Promoters:

The promoters of the Company are Pravin Chaudary and Jayesh Chaudary. They hold, in aggregate 42,99,500 Equity Shares representing 85.99% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Nakoda Group of Industries Limited
239,
Bagad Ganj,
Nagpur 440008
Phone: +91 0712 2778824
Fax:
Email: info@nakodas.com
Website: http://www.nakodas.com

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_ Shree Vasu Logistics Limited IPO

Shree Vasu Logistics Limited IPO

Issue Analysis :

Issue opens May 23, 2018
Issue Closes May 25, 2018
Issue Price 45
Lot Size 3000
Issue Size 9.29 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.

Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.

The company has 366 employees on its payroll.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
    2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)  
Particulars For the year/period ended (in Rs. Lakhs)  
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 2729.54 2549.22 2335.31 1932.10 1746.98
Total Revenue 2769.19 2302.46 2178.03 1806.21 1642.76
Profit After Tax 78.69 75.62 66.18 52.66 39.72

 

Company Promoters:

The promoters of the Company are Atul Garg and Shree Bhushan Garg. They hold, in aggregate, 50,04,000 Equity Shares representing 89.68% of the pre-issue paid up Capital of the Company.

Contact Company Information:

Shree Vasu Logistics Limited
Logistics Park
Opp. Jaika Automobiles
Ring Road No. 1 Raipur 492001
Phone: 0771-6614848
Fax:
Email: cs@logisticpark.biz
Website: http://www.shreevasulogistics.com

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_ Latteys Industries Limited IPO

Latteys Industries Limited IPO

Issue Analysis : 

Issue opens May 23, 2018
Issue Closes May 28, 2018
Issue Price 66
Lot Size 2000
Issue Size 8.06 Cr
Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Registrar Link Intime India Private Ltd
Platform NSE

Company’s Snapshot :

Incorporated in 2013, Gujarat based Latteys Industries Limited is a company engaged in the business of manufacturing of pumping solutions for homes, agriculture & industrial sectors. Pumps include Submersible, Self-Priming, Centrifugal, Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors.

Latteys Industries started manufacturing in the year 2004 in Chatraal, Gujarat and moved to a strategic location of GIDC Naroda, Gujarat with an area of 5,718 sq. meters in the year 2011. The Company currently has an installed production capacity of 1,59,500 pumps p.a. It has 76 employees at its manufacturing facility and registered office.

Object of the Issue :

The Objects of the Issue are-

  1. Funding the working capital requirements of the Company
  2. General corporate purposes.

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2611.95 2014.35 1466.07 1255.35
Total Revenue 3577.44 2605.11 2153.37 1855.66
Profit After Tax 55.62 31.09 13.98 14.09

Company Promoters:

The promoters of the Company are Kapoor Chand Garg and Pawan Garg. The promoter holds, in aggregate 31,03,760 Equity Shares representing 91.89 % of the pre-issue paid up Capital of the Company.

Contact Company Information:

Latteys Industries Limited
Plot No. 16
Phase- 1/2, GIDC Estate
Naroda Ahmadabad Gujarat 382330
Phone: 079-22823354
Fax:
Email: info@latteysindustries.com
Website: http://www.latteysindustries.com

For Beeline Assistance:  Contact Here

 

Upcoming SME IPO_ Suumaya Lifestyle Limited IPO

Suumaya Lifestyle Limited IPO

 

Issue Analysis :

Issue opens May 22, 2018
Issue Closes May 25, 2018
Issue Price 18
Lot Size 8000
Issue Size 3.40 Cr
Lead Manager Gretex Corporate Services Pvt Ltd
Registrar Bigshare Services Pvt. Ltd
Platform NSE

Company’s Snapshot :

Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.

The company has its own design and production house with expertise and dedicated team. It markets products under the brand name “ekka”, “ira” and “tag 9”. Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.

Object of the Issue :

The Offer consists of a fresh issue of 18,88,000 Equity Shares and an offer for sale of up to 58,00,000 Equity Shares of the Company aggregating to `1383.84 Lakh by the Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their proportion of Offer related expenses.

The Objects of the Fresh Issue is funding working capital requirements.

Financial Highlights :

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,319.14 2,716.2 3,107.12 2,201.07 1,155.37
Total Revenue 21,205.77 9,053.11 3,715.78 1,547.08 0.65
Profit After Tax 44.91 31.77 4.98 11.87 (1.41)

 

Company Promoters :

The promoters of the Company are Ms. Ishita Mahesh Gala and Indiacredit Risk Management LLP. Indiacredit Risk Management LLP is engaged in activities auxiliary to financial intermediation. The designated Partners of Indiacredit Risk Management LLP are-

  1. Amisha Sanjay Shah
  2. Ushik Mahesh Gala

 

Contact Company Information :

Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai – 400 064
Phone: 022-49712096
Email: info@suumayalifestyle.com
Website: http://www.suumayalifestyle.com/

For Beeline Assistance:  Contact Here

 

Morning Business News Round Up_May 21, 2018

  •   Ultra Tech to acquire Century Textiles’ cement business
  •   Sebi to consider penal action against PNB, Gitanjali
  •   US, China putting trade war on hold: Mnuchin
  •   Independent director quits Fortis board
  •   Jaiprakash Associates to appeal against NCLT order
  •  Related image Petrol, diesel prices hit new lifetime highs
  •   Adani set to make big-ticket entry into e-bus production, eyes tie-up with Taiwan firm
  •   Problem in bond market is root cause of banking sector crisis: CAG
  •   Talks with Putin will strengthen India’s strategic plan with Russia: Modi
  •   Govt expects banks to get back over Rs 1 trn with resolution of 12 big NPAs
  •   Wilful defaults by PNB’s big borrowers slip further to Rs 152 bn by Apr-end
  •   Growth road map clear for Ashok Ley as Q4 profit rises 40%
  •   L&T to make rocket engines at its Coimbatore facility
  •   Climate change cutting of 1.5% of GDP, says Vice-President
  •   Navy gets fuel barge from Titagarh ahead of time
  •   HCC venture set to bag part of Mumbai coastal road project
  •   Tariff battle: India may target US apples, almonds and bikes
  •   China’s Mobike to foray into India in next few weeks
  •   Balrampur Chini posts Rs 42 cr loss in Q4
  •   MTNL may be allocated 4G spectrum: Telecom minister
  •   RIL gets green nod for expansion of petrochemical complex in Maharashtra
  •   Govt may allow data resale in boost to public WiFi plan
  •   Tata Steel-Bhushan Steel deal a sound start to the new bankruptcy framework
  •   Biocon bets on R&D, biosimilars business to boost growth in FY19
  •   Steel, aluminium duties row: India plans to hit back with hike on 20 US products
  •   Walmart, Flipkart deal signals churn in e-grocery
  •   BoI to get Rs 1993 cr from Tata Steel-Bhushan Steel deal
  •   DoT seeks reply from Airtel on Apple Watch eSIM service by May 24
  •   India sixth richest nation with $8,230 billion wealth
  •   GST council asks Centre, states to set up appellate authorities
  •   FinMin begins work on merging insurers, but listing unlikely this FY
  •   Natural rubber prices set to go northward
  •   New and innovative products to conquer F&B sector