Month: August 2017

SME IPO_Ashok Masala Mart Limited

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SME IPO : Ashok Masala Mart Limited

Issue Opens:  7th Aug. 2017

Issue Closes: 11th Aug. 2017

Issue Price: Rs 10/-

Lot size: 10000 shares

Issue size: Rs 2.01 crore

Platform : BSE SME

Lead Managers: Navigant Corporate Advisors Limited

Registrar: Karvy Computershare Private Limited

Promoters:

  1. Ashok Chothani
  2. Neeraj Chothani
  3. Sunil Chothani

Object:

  1. To Purchase the new corporate office and its interior expenses
  2. To part-finance incremental working capital requirements
  3. To meet the general corporate expenses
  4. To meet the expenses of the Issue

Profile: We have started our progressive journey in 1975, when Mr. Shivji Chothani laid the foundation of our company in the year 1975 as a sole proprietary concern namely “M/s. Ashok Masala Mart” in Mumbai. He began with himself sourcing of raw material and grinding and blending of spices and selling them in retail market. After completion of successful journey of 38 years, we have been established as a limited company to increase the spectrum and volume of operations.

We are presently engaged into manufacturing and supplying of blended spices, whole spices and grinded spices.

We have been supplying the traditional and delectable range of spices. We are committed to manufacture and
supply different types of spices, meeting highest quality standards in line with customer requirements.

We have two brands “APPU MASALA” & “GAYATRI MASALA” with more than 30 types of Spices and Masalas
including instant mix range such as Pav Bhaji Masala, Chaat Masala, Tea Masala, Garam Masala, Sambhar Masala,
Punjabi Chole Masala, Biryani / Pulav Masala, Kitchen King Masala and various Powders like Red Chilli Powder,
Jeera Powder, White Pepper Powder, Turmeric Powder. We are positioned as professional and built a reliable
reputation within Maharashtra’s spices arena.

Financials:

16-17 15-16 14-15 13-14
Total Assets 471.24 245.57 346.53 24.74
Total Reveue 838.66 287.82 387.39 3
PAT 12.13 3.48 3.33 1.27

 

EPS: 0.59

P/E @ share issued: 16.95

RoNW: 3.55%

For More Details Click here

Bidding, Prospectus , application form , Ratio analysis.

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Morning Business News Round Up_August 07,2017

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Morning Business News :

  • GST rollout has been smooth: Arun Jaitley
  • Mukesh Ambani’s plan to make RIL most innovative co
  • Air India stake sale: Parl panel to hear govt views
  • Modi’s black money drive gets a big Swiss fillip
  • Eros, Apple explore mega $1-billion content sale
  • Srei Group likely to have sold stake in Viom for loss
  • Lenders meet today to review insolvency cases
  • MobiKwik eyes raising $100 million in funding this year

Image result for MobiKwik

  • Sebi plans to beef up cyber security, hire advisor to tackle tech glitches
  • CCL gets green nod for Rs 1,538-cr Konar mine expansion
  • UK ready to pay up to 40 bn euros to leave European Union: Report
  • UK-based Liberty House sends plan on ABG Shipyard to NCLT
  • India’s LNG shipbuilding plans run aground
  • Bank unions call for all-India strike on Aug 22
  • Regulations in auto sector still evolving in India, says McKinsey
  • Calls for rate reviews for 150 items with GST Council
  • TRAI, app firms to deliberate on speed testing methodologies
  • Nifty may double within 3-4 years: Mark Mobius
  • 12 PSU banks firming plans to raise funds from markets
  • Switzerland finds India’s data security laws adequate for auto-sharing bank info
  • NTPC seeks licence to set up charging stations for electric vehicles
  • ICEX likely to launch diamond futures trading by August-end
  • US municipal bond sales fall, on course for long-term supply drop
  • Consensus on SAIL, ArcelorMittal JV deal likely in 2 months: Niti Aayog
  • Hindustan Zinc to become fully underground mining company by FY19
  • SBI, ONGC, IOC part of new ETF
  • Govt to sell up to 25% stake in 4 defence PSUs via IPO

Forthcoming SME IPO_ Vaishali Pharma Limited

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SME IPO : Vaishali Pharma Limited

Issue Opens 7-Aug-17
Issue Closes 10-Aug-17
Issue Price Rs. 71 to 72/-
Issue Size 14.22 cr approx
Lot size 1600
Lead manager Pantomath Capital advisory Pvt Ltd
Registrar Bigshare Services Pvt Ltd

Promoters: Atul Vasani & Jagruti Vasani

Registered Office: Aravali Business Centre, R.C.Patel Road , Off. Sodawala Lane , Roshan Nagar, Borivali West, Roshan Nagar, Borivali West, Mumbai, Maharashtra 400092.

Profile: The company engaged in pharmaceutical formulations, APIs, surgical products, veterinary supplements, herbal & nutraceutical products. They are operating both in domestic and export markets. They have also established office in the Vietnam. At present they are supplying in around 10 countries.

In domestic markets, they are majorly into trading of APIs whereas in export markets, they are into trading and marketing of APIs, formulations, surgical products and others. Recently they have applied for 186 registrations in 13 countries for some of their products and received 71 approvals from 7 countries.

Object of the Issue :

  1. Working Capital Requirements
  2. General Corporate Purpose

Financials:

16-17 15-16 14-15 13-14 12-13
Total Assets 4464.87 4941.31 4579.5 5342.97 4858.17
Total Reveue 6711.22 6989.13 9882.37 12156.9 11909.85
PAT 66.37 -3.03 16.15 30.05 60

EPS : 2.21

P/E at share issued : 31-33

Return on Networth: 17.16%

Net Asset Value per Share : 12.90

For More Details Click here

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Morning Business News Round Up_August 04,2017

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Morning Business News :

  • After Essar, banks now set eye on Videocon’s Rs 43k cr debt default
  • Bad loan: RBI to take up more cases, says Jaitley
  • Infy to buy customer experience studio for £7.5 mn
  • Lok Sabha passes 2 bills extending CGST, IGST to J&K
  • No NOC to old vehicles if states don’t comply: NGT
  • Oil majors gushing in cash despite cheap crude
  • Amazon, Grofers get govt nod for Rs 3,700 cr FDI in food retail
  • NSE meets shareholders, looks to list by March 2018
  • IOC Q1 net down 45% to Rs 4,549 cr, GRM more than halves to $4.32
  • Govt raises Rs 327 cr from Hindustan Copper share sale
  • Chocolate mithais to attract 5% GST, govt clarifies
  • Cochin Shipyard IPO subscribed 76 times

Image result for ipo oversubscribed

  • SEBI panel to study use of fintech solutions for securities market
  • Lok Sabha passes Bill to replace NPA Ordinance
  • Lupin gets USFDA nod for cholesterol-lowering drug
  • Businesses can start filing July returns on GSTN from Aug 5
  • Interest rates to gradually become reasonable: Jaitley
  • Banks may need 20% incremental provisioning for 50 large NPAs’
  • Oil companies hike fuel pump dealers’ commissions
  • SBI to mobilise Rs2,000 crore via Basel-III bonds
  • Cognizant profit rises 86% to $470 million, revises annual revenue guidance
  • Jio interconnection: Delhi HC seeks DoT view on Trai suggestion to penalise Idea Cellular
  • RCom-Aircel merger needs Supreme Court nod: Telecom dept
  • FDI in textiles doubled to $619 million in 2016-17
  • Kalyani Group opens missile making unit with Israel’s Rafael Advanced Defence System
  • Services sector contracts by most in 4 years on GST woes: PMI
  • Central bank flags poor transmission of past rate cuts through MCLRs
  • Indian Oil Corporation steps up crude oil import from US
  • Govt drafting central law to deal with chit fund schemes: FM
  • FM defends SBI decision to cut saving account interest rate
  • RBI to set up task force on public credit registry