Month: November 2017

Upcoming SME IPO_Sharika Enterprises

beelineadmin

SME IPO_ SHARIKA ENTERPRISES

ISSUE DETAILS

Issue opens 15th November 2017
Issue Closes 17th November 2017
Issue Price 43
Lot Size 3000
Issue Size 13.86 Crore
Lead Manager Swastika Investmart
Registrar Skyline Financial Services Pvt. Ltd
Platform BSE

Promoters & Promoter Group

Mr. Rajinder Kaul, Mr. Ravinder Bhan and Mr. Arun Kaul are the Promoters of the Company. They are holding 61.72% of the Paid up share capital of the company

Overview of the Business

Incorporated in 1998,  Company engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities.  Company is an ISO 9001:2015 certified for providing Consultancy, Project Management, EPC Contracts in field of Power Generation, Transmission and Distribution. They operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.

Client base of Sharika includes various government power based Companies such as, Central Electricity Authority (CEA), National Hydro Power Corporation (NHPC), National Thermal Power Corporation (NTPC), Power Grid Corporation of India (PGCIL) and state electricity boards, railways and various other clients.

Object of the ISSUE

(Rs. in Lakhs)
Sr. No. Particulars Amount
1 Working Capital Requirements 991
2 General Corporate Purpose 290.75
3 Issue Expenses 105.00
Total 1386.75

Overview of Consolidated Financials

(Rs. in Lakhs)
Particulars 2016-17 2015-16 2014-15 2013-14 2012-13
Total Revenue 2352.57 1889.09 1796.44 1080.74 750.09
Total Asset 3096.66 2171.54 2174.38 1620.15 1593.16
 Net Profits 201.71 97.73 -47.74 -27.16 -0.75

Financial Ratios:

  1. EPS : 2.86 ( Standalone Basis) , 2.65 ( Consolidated basis)
  2. PE Ratio: 15.06
  3. RONW: 21.76%( Standalone Basis) , 20.22%( Consolidated basis)
  4. NAV per Share: 13.82 ( Standalone Basis) , 13.77 ( Consolidated basis)

For Beeline Assistance : Contact Us 

Morning Business News Round Up_Nov 10,2017

beelineadmin

Morning Business News :

  • PE and VC investments continue to touch record highs, crossing $21.8 billion in 2017
  • DBT helps states save Rs 1,557 crore till November 2017
  • JSPL Q2 loss narrows down to Rs 499 crore
  • NHAI may float 10-year bonds, may raise Rs 10,000 crore
  • Airbus nears deal to sell 30+ A380s to Emirates
  • NCLT seeks details of Reliance Communications dues to Ericsson
  • Reliance Industries may buy unit of bankruptcy-hit Alok
  • NPS equity cap for govt staff may be raised to 50%
  • India Inc’s credit ratio hits 5-year low of 0.97 in first half of FY18
  • Tata Motors Q2 net profit jumps three-fold to Rs 2,500 crore on JLR sales
  • SAIL Q2 net loss narrows to Rs 539 crore on higher sales
  • AAI to spend Rs 20,000 cr in 5 yrs to upgrade, build airports
  • Adding to the cart: Flipkart to launch Billion, its own smartphone
  • Google, Just Dial in deal talks

Image result for Google, Just Dial in deal talks

  • HPCL net profit more than doubles to Rs 1,735 crore
  • Provide doorstep banking to those above 70 by December 31, says RBI
  • Magma Fincorp approves scheme of merger with Magma ITL Fin
  • Railways target completing Bullet Train project by August 2022
  • India’s Q3 gold demand drops 24% to 145.9 tonnes, says WGC
  • NCLT orders insolvency process against regional airline Air Carnival
  • GST bonanza for firms, consumers on the anvil
  • Omkar Realtors raises Rs125 crore from KKR
  • Nasa contracts Uber to build flying taxi air control software
  • Zydus Cadila, Intas under scanner for launching hypertension drug without permit
  • Petronet Q2 profit rises 28% at Rs589 crore
  • Dr Lal PathLabs Q2 profit dips 4% to Rs50.9 crore
  • Coffee Day Q2 profit jumps three-fold due to an exceptional gain
  • Britain, wooing Saudi Aramco IPO, offers $2 billion loan guarantee

Morning Business News Round Up_Nov 08,2017

beelineadmin

Morning Business News :

  • Trai plans to remove 50% limit on spectrum holdings
  • Govt plans phase-2 of digital payment push from Jan
  • Paradise Papers cases will be on individual merit: FM
  • ‘Saudi banks freeze more than 1,200 a/cs in probe’
  • Qatar fund to sell 5% stake in Airtel via block deal
  • Hindustan Copper preparing tender for MDO to developing Singhbhum mines
  • Infosys to open innovation hubs in the US: Nilekani
  • Government plans new telecom policy by February 2018
  • Lupin gets USFDA warning for Goa & Pithampur plants, stock tanks 15%
  • Crude oil up to $65 a barrel not a worry
  • Bajaj Auto eyes 23% market share by end of FY18
  • RCom in talks with parties to renegotiate tower business sales
  • Top trade union demands guarantees in Thyssenkrupp-Tata steel JV
  • $10-billion fighter deal hits tech-transfer air pocket
  • GSK Consumer Q2 profit up marginally at Rs. 192 cr
  • PE, VC investments hit new high of $21.8 bn
  • Crash in pharma stocks triggers panic across market
  • Aditya Birla Capital net rises 68% on NBFC business
  • I-T to issue 1 lakh notices for huge deposits post demonetisation
  • Sensex tanks 360 points as oil prices rally stokes inflation fears
  • Merger of MMTC, STC on the cards

Image result for Merger

  • HDFC Standard Life IPO subscribed 46% on Day 1 on institutional demand
  • Arun Jaitley hints at pruning more items in 28% GST slab
  • Cipla Q2 profit rises 19% to Rs423 crore
  • Bhel Q2 profit rises 6% to Rs115 crore, misses estimates
  • India home to 2,19,000 millionaires: Capgemini report
  • Number of small denomination notes rises from 14% to 26% post demonetisation
  • Wheat sowing in full swing, says ICAR official
  • April- October direct tax collections rise 15.2% to Rs 4.39 lakh crore: CBDT
  • India begins anti-dumping probe into cheap paper imports
  • NMDC plans to bid for $9b diamond mine in MP
  • Note ban, GST impact behind us, growth in sight: FM
  • VRS, renting out property mulled for MTNL revival
  • PSUs nudged to set up SPVs for greenfield units

Morning Business News Round Up_Nov 07,2017

beelineadmin

Morning Business News :

  • Aircel may have to wind up ops post failed RCom deal
  • Niti Aayog banks on states to push India up in HDI
  • Steel deficit causes clash over Rlys demand for imports
  • Hasmukh Adhia designated as new Finance Secretary
  • Broadcom offers to buy mobile chipmaker Qualcomm
  • HDFC Bank makes RTGS, NEFT transactions free
  • PNB to raise Rs 5,000 cr; appoints merchant bankers
  • Sebi plans further rise in public float
  • CBDT chief-led multi-agency panel to probe those named in Paradise Papers
  • PE firm Everstone Group to acquire Kenstar from debt-ridden Videocon
  • Torrent’s Unichem deal to add to its earnings after 3 years
  • India’s logistics sector likely to grow by 9-10% pa: Icra
  • Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
  • Moody’s ups Tata Steel, Tata Steel UK Holdings outlook to stable
  • SGX will launch derivative trading in Nifty 50 companies
  • Rupee drops by 19 paise to 64.74 on FII outflows
  • Recap plan for PSBs is a positive for banking system, economy: SBI chief
  • RCom signs MoU with Veecon Media for sale of Big TV
  • Tata Steel sets up green coke cooling facility in Odisha
  • Tata Chemicals to sell Haldia fertilizer plant to Indorama Holdings for Rs375 crore
  • Unichem to return 50% of proceeds from Torrent deal to shareholders
  • Khadim India IPO subscribed 1.88 times on last day

Image result for ipo

  • Bain, Carlyle in race to buy Sutures India for $425 million
  • Demonetisation: Over 20,000 ITRs picked for detailed investigation
  • Lenders to RCOM face uphill struggle after debt swap
  • Government may review monthly GST return filing process
  • Qatar Airways buys 9.6% stake in Cathay Pacific
  • SC organisation writes to PM Narendra Modi seeking higher tax slab
  • Arrange Rs 2,000 crore before next hearing, SC tells Jaypee Associates
  • Indian Oil Company blamed for Sri Lanka fuel shortage
  • Investor rush gathers steam for PSU stocks
  • Cash comes at a cost, nation moving towards digital economy: FM
  • CIL arm examining show cause notices issued by Odisha govt
  • L&T, HCC blame NHAI for delay in road building
  • HDFC MF to launch Housing Opportunities Fund on Nov 16

Weekly Markets Sentiment_04.11.2017

beelineadmin

Markets inched higher for the last week. Amid further consolidation of news flow and results Nifty managed to close at yet another all time high. Nifty sits pretty at 10450 levels. Signs of over heating can be sensed. However the underlying sentiment is very strong and positive. Some of the results are being digested nicely. Most companies have delivered stronger than expected results further boosting sentiment. It will be a wait a watch week as further results starts to kick in and we progress towards the peak of the result season.

Technically speaking markets are looking very strong. May be a tad-bit overheated. Nifty at 10450 practically has no resistance. One may have their own calculations as to where markets would top out. However, we are in uncharted territory. Having said that a bit of caution is advised as overbought zones are not far away. On the downside however, a break of double top has provided good support zones. The 10250 and 10180 are two short-term supports on Nifty. A pull back (if on the cards) should test these out in the near term.

Fundamentally speaking we are at THE peak. Nifty P/E is around 25-27. A range that has proved the historical tops in many past bull markets. Having said that liquidity is abundant. MFs are pouring in money. Retail is pouring money in MFs. FIIs have suddenly turned buyers as DIIs take a back seat. It will be interesting to watch the result season. Even slightest hints of good results will give a very big boost to earnings bringing down the multiples.

Globally, new fed chair has been selected. That news is old. Markets across the globe stayed buoyant. There is virtually no “obvious” trigger that can pull down sentiment and markets. An exogenous shock can be in the making but time will tell when it surfaces. Dow, NASDAQ and all European markets are gush with liquidity. Data indicates Fed may raise interest rate however it is all speculative at this stage.

Sector talks – Banking! This single sector and its constituents will lead the markets. Bank Nifty has broken past its tops reversing the divergence. Technically if current levels sustain, one may see Bank Nifty head higher. Pharma has come a long way. Nifty Pharma looks prime for 10k as well.  Overheating in metals is still evident. One may see some pull back in metal counters. A similar space – Infra has seen a very long sharp rally. May see some pull back. Be cautious otherwise.