Today’s M & A Deals_July 19, 2018

M & A Deals :

 

  • Singapore’s Symple Wellness buys health analytics startup AllizHealth
  • IDFC venture capital fund bets on oil products maker
  • Investment bank o3 Capital appoints new MD after five-year gap
  • HT Media, Next Media works to merge radio businesses
  • Creation Investments, Falcon Edge lead Series C funding round in Of Business

Morning Business News Round Up_July 19, 2018

  •  RIL plans to borrow $6 billion in consumer push
  •  Daiichi Sankyo moves Delhi HC to block Fortis-IHH deal
  •  Govt introduces bill to check unregulated deposits
  •  245 infra projects delayed, 345 report cost overrun
  •  Airtel added 36 mn users after Telenor India buy: Trai
  •  Parliament nod to bill for SBI-subsidiary bank merger
  •  Related imageGovernment increases sugarcane FRP by Rs 20 per quintal to Rs 275
  •  Inflationary pressures, led by crude, expected to hurt FMCG companies
  •  EPFO invested nearly Rs 489.46 bn in exchange-traded funds till June 30
  •  CAG probes Rafale jet deal; CBI examines 4 graft cases in defence: Govt
  •  Cipla plans acquisitions to enter new therapies, boost Africa business
  •  Bank credit rises by 12.78%, deposits by 8.33%
  •  Anti-dumping duty on grinding media balls from China, Thailand extended for five more years
  •  Nod for Bill to replace insolvency ordinance
  •  ONGC, OIL will not bear entire royalty, cess burden in pre-NELP blocks: Pradhan
  •  Zydus Cadila gets USFDA nod to market 4 generic products
  •  Spanish oil firm Cepsa ties up with GP for India entry
  •  DoT looking into Vodafone-Idea plea on recalculating dues
  •  Govt decides to withdraw contentious FRDI bill
  •  Ultratech Cement Q1 profit slumps 30% to Rs.631 crore on higher petcoke, fuel prices
  •  Google fined $5 billion by EU, told to alter Android model
  •  Bill to curb ponzi schemes tabled in Lok Sabha
  •  Insolvency process: Videocon lenders’ claims at Rs 59,000 crore
  •  Reliance Comm Q1 net loss narrows to Rs 342 crore
  •  Merger of associate banks with SBI to enhance profitability, says Minister
  •  Cabinet nod for tabling bill recognising home buyers as financial creditors
  •  Oil and gas- Expect inventory gains for OMCs
  •  Global Cyclicals will drive first quarter earnings
  •  Ranbaxy promoters asked to disclose foreign bank accounts, assets
  •  Govt concerned about additional duties by US
  •  ONGC gets board nod to exit Pawan Hans, to sell 49% stake

Morning Business News Round Up_July 18, 2018

  •  Growth rises in eastern states for auto companies
  •  Very positive momentum against US sanctions on India
  •  Govt nod to Rs 11,336 cr capital infusion in 5 state banks
  •  Panel to change laws to prevent defaulters from fleeing
  •  Steel Minister announces pension scheme for CPSEs
  •  Trai’s draft rules to curb pesky calls, msgs: COAI
  •  Technology driving BFSI sector to grow: TCS
  •  HDFC AMC’s Rs 28 bn IPO to open on July 25 at Rs 1,095-1,100 per share
  • Image result for ashok leyland logo Ashok Leyland Q1 profit up by 233% to Rs 3.70 billion, beats estimate
  •  ICICI Lombard General Insurance Q1 net profit rises 35% to Rs 2.89 billion
  •  Cabinet to consider Rs 20 per quintal hike in sugarcane price for 2018-19
  •  EU, Japan to sign massive trade deal in ‘strong signal’ against Trump
  •  NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids
  • ‘US import tariff to have indirect effect on steel industry’
  •  25% safeguard duty on solar modules is both a boon and a bane: Crisil
  •  Trucks can now legally carry 20-25% more load
  •  ‘Proposed solar safeguard duty is double-edged sword’
  •  Jet orders 737 MAX 8 Boeing planes for $9 b; drawn by fuel efficiency of its narrow body
  •  ICICI Bank audit committee hires law firm to look into bad loans
  •  IDBI Bank to move govt to make LIC promoter
  •  Federal Bank posts 25% rise in net profit on lower provisioning
  •  Nestle breaks into Rs1 trillion market cap club
  •  Rolls-Royce unveils hybrid ‘flying taxi’ at Farnborough
  •  NBFCs eye stressed SMEs for lending opportunities
  •  China’s cooling economy spells trouble ahead for global growth
  •  Government doubles import duty on over 50 textile products
  •  Grofers to enter FMCG segment; eyes Rs 2,500 cr sales in FY19
  •  UK employment hits record high as job creation continues
  •  Securitisation volumes up 128% in Q1
  •  Financial technology yet to reach potential
  •  Increase in truck axle load to impact CV sales
  •  Karnataka miners for curb on iron ore imports

Ongoing SME IPO_Supershakti Metaliks Limited IPO

 Supershakti Metaliks Limited IPO

Issue Analysis :

Issue opens July 17, 2018
Issue Closes July 20, 2018
Issue Price Rs 375
Lot Size 300
Issue Size 60.01 Cr
Lead Manager Aryaman Financial Services limited
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 2012, Kolkata based Supershakti Metaliks Limited is a company engaged in the business of providing diversified products of steel. The company forms part of Sai Group which has carved itself into a well-known group and established it’s goodwill in the iron and steel manufacturing industry. The company’s manufacturing plant is located in Durgapur.

The Company enjoys a wide product range with diverse applications across downstream sectors. It possesses multiple manufacturing processes within the Plant with the ability to address customer orders with shrinking turnaround time. The Company has the widest range of products enabling it to cater to a wide spectrum of applications across the industries and balancing it out from market volatilities.

The company has 376 employees on its payroll.

Object of the Issue:

The Issue comprises of a Fresh Issue and an Offer for Sale by the Promoters.
The Company will not receive any proceeds of the Offer for Sale by the Promoters and Promoter Group Selling
Shareholders.
The objectives of the fresh issue are:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 11,902.75 16,699.84 16,699.84 0.68 0.80
Total Revenue 36,008.73 30,102.41 24,566.87
Profit After Tax 1,238.08 57.84 71.85 (0.12) (0.12)

 

Company Promoters:

The promoters of the company are:
1. Mr. Dilipp Agarwal (Individual Promoter)
2. Mr. Deepak Agarwal (Individual Promoter)
3. Veerbhadra Sales Private Limited (Corporate Promoter)
4. Khandelwal Finance Private Limited (Corporate Promoter)

The Promoters hold (in aggregate) 12,54,536 Equity Shares, representing up to 25.28% of the issued, subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Supershakti Metaliks Limited
39, Shakespeare Sarani,
3rd Floor, Kolkata
West Bengal – 700017
Phone: +91 33 2289 2734/35
Fax: +91 33 2289 2736
Email: info@ssml.in
Website: http://www.supershaktimetaliks.com/

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Ongoing SME IPO_Ganesh Films India Limited

 Ganesh Films India Limited IPO

Issue Analysis :

Issue opens July 16, 2018
Issue Closes July 18, 2018
Issue Price Rs 80
Lot Size 1600
Issue Size 8.42 Cr
Lead Manager Fedex Securities Limited
Registrar Bigshare Services Pvt. Ltd
Platform BSE

Company’s Snapshot :

Incorporated in 2018, Mumbai based Ganesh Films India Limited is a company engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distribute the same to the cinema halls spread across the Distribution Territory. Since incorporation, the Company has entered into agreements for the acquisition of distribution rights of many films (“Library”). The Company currently has a Library of over 696 south Indian films (including Tamil, Telugu, Malayalam and other regional language films) in which the Company has sole, irrevocable and non-exclusive distribution right (including linear & non-linear internet rights / IPTV rights / digital rights under copyright to license, sub-license, distribute, advertise, market and otherwise exploit any platforms or internet or digital based medium) to use the contents / titles for a perpetual term for all the territories in the world including India. It sources or acquires distribution rights of the film by entering into assignment / licensing arrangements with film producers. All such films sourced or acquired will be exploited and distributed by the company end-to-end through multiple formats of film distribution.

M/s. Ganesh Films, a proprietary concern was formed by Nambirajan Ganapathi Yadav (“Ganesh Films”), the Promoter of Ganesh Films India Limited (“the Company” or “GFIL”) in the year 1985 with a view to increasing the popularity of south Indian language movies in northern and western regions of India commonly known in the film industry as the North Indian territory (“Distribution Territory”). The business includes theatrical distribution of south Indian films (including Tamil, Telugu, Kannada, Malayalam and other regional films) in the Distribution Territory through the media platforms like internet, mobile phone and other platforms (“Digital Platforms”). The Promoters have vast experience in the theatrical distribution of approx. 450 south Indian films (including Tamil, Telugu, Kannada, Malayalam and other regional films) in the Distribution Territory. Some of the popular blockbuster films distributed by Ganesh Films, the proprietary concern of the Promoter, (before its acquisition by Ganesh Films India Limited) includes Sivaji, Dasavathaaram, Endhiran, Thevar Magan, Captain Prabhakaran, Thaana Serndha Kootam, Roja, Oomai Vizhigal etc.

In the year 1991, Ganesh Films initiated for the first time simultaneous release of Tamil movies in the Distribution Territory and in the south Indian territory with the famous Tamil language crime drama film ‘Thalapathi’ starring Rajnikanth, Mammootty, Amrish Puri and other famous film stars directed by Mani Ratnam.

The company has 5 permanent employees on its payroll.

Object of the Issue :

The Objects Of The Issue are-

  1. Acquiring distribution rights of south Indian films (including Tamil, Telugu, Malayalam and other regional language films) for the territories of India- Rs. 595.00 lakhs
    2. General corporate purposes- Rs. 193.74 lakhs

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
20-May-18
Total Assets 321.15
Total Revenue 9.18
Profit After Tax 0.54

 

Company Promoters:

The Promoters of the Company are Nambirajan Ganapathi Yadav and Natrajan Ganapathy. The Promoters holds 17,04,610 Equity Shares, representing 87.20% of the subscribed and paid-up Equity Share capital of the Company.

Contact Company Information:

Ganesh Films India Limited
#503, 5th Floor, Plot 461D,
A Wing, Parshvanath Gardens, Bhaudaji Road
d, Kings Circle, Matunga, Mumbai-400019
Phone: +91 810 444 9343
Email: info@ganeshfilms.com
Website: http://www.ganeshfilms.com/

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Morning Business News Round Up_July 17, 2018

  •   Users have right on their data not cos: Trai
  •   IMF cuts India’s growth projection, but it’s still on top
  •   Productive US-Russia talks good for world: Trump
  •   Image result for India, IranIndia, Iran discuss impact of US sanctions on oil trade
  •   ICICI Bank decides to postpone AGM by a month
  •   India recommends safeguard duty on solar cells
  •   BSNL to roll out 5G service with global launch: Anil Jain
  •   Hindustan Unilever Q1 profit up 19% to Rs 15.29 bn, income rises 3%
  •   Sebi extends deadline to Sept 30 for RTAs to collect PAN, bank details
  •   LIC board gives nod to acquisition of up to 51% stake in IDBI Bank: Garg
  •   Buyback withdrawals by companies pose headache for Sebi, investors
  •   China files WTO challenge to Donald Trump’s $ 200 bn tariff plan
  •   WPI hits 54-month high, jumps to 5.77% in June
  •   Moody’s warns of higher SME LAP delinquencies on rising rates
  •   Centre may take up fresh valuation of Air India
  •   Sugar output seen at a new high of 355 lakh tonnes in 2018-19
  •   Lupin gets UK health regulator’s approval for Goa facility
  •   China Q2 GDP growth slows, meet forecast
  •   IDBI Bank board may soon clear preferential share allotment to LIC
  •   Fitch sees IOC’s net debt levels rising due to large capex
  •   TCS eyes $200 million in revenue from blockchain in FY19
  •   Hotel firm’s lawsuit a challenge for Infosys’s hiring plans in US
  •   Sensex drops 217 points on sell-off in banking, pharma stocks
  •   PhonePe acquires Zopper Retail for undisclosed account
  •   FMCG major HUL to go for ‘judicious’ hike to ward off inflation
  •   Scam-hit PNB opens 2nd centralised loan processing centre for better monitoring
  •   India invites investments from Omani companies
  •   PE investments in real estate see a quantum jump
  •   Ashok Leyland forms new division for customers
  •   Office assets witness inflow of `57,300 cr since 2011
  •   10% duty sought to curb aluminium dumping
  •   Business confidence stays subdued in June

Morning Business News Round Up_July 16, 2018

  • Image result for LICLIC board to meet today to finalise IDBI’s stake buy
  • Deccan Chronicle may be headed for liquidation
  • India tells Russia to go ahead with FGFA project
  • Expect low acceptance ratio in HCL buyback: CLSA
  • Tata, Mahindra top R&D spenders in auto industry
  • Reliance Jio says not importing 4G feature phones
  • Coal auction: Business-friendly reforms on cards
  • India becomes regional head of Asia Pacific at World Customs Organisation
  • Farm loan waivers and not real income growth is driving rural demand
  • PNB’s bad loan recovery of over Rs 77 bn in first quarter tops FY18 level
  • Fintech startup IndiaLends targets disbursing Rs 10 billion loans in FY19
  • Govt should analyse why Air India stake sale process failed: IATA chief
  • FDI in services sector slumps 23% in 2017-18
  • Nabard working on ways to boost funding for farmer producer organisations
  • ACME bags another 600 MW at ₹2.44 a unit in SECI’s latest auction
  • Global corporate funding in solar sector at $5.3bn till June
  • Passenger vehicles export from India dips 7.37% in Q1
  • Dalal Street ready for Rs 14,000-cr IPOs
  • Bhushan Steel appoints Tata Steel’s T.V. Narendran as chairman
  • Sebi proposes tighter rules for auditors, valuers
  • Dr Reddy’s to appeal US Court’s decision on sale of generic Suboxone film
  • Lodha Developers may launch IPO this month to raise ₹ 5,500 crore
  • Google might face record fine in Android monopoly case
  • Coal India expects 322 million tonne from ongoing projects in FY19
  • Automobile firms plan over Rs 60,000 crore capex by FY20
  • Office assets witness inflow of `57,300 cr since 2011
  • PE investments in real estate see a quantum jump
  • Gold imports to India fell sharply in first quarter
  • China set to play key role in metals markets
  • Fertiliser prices forecast to rise by 2% in 2018

Today’s M & A Deals_July 14, 2018

M & A Deals :

 

  • Accenture buys big data services company Kogentix
  • Crowdfunding platform Wishberry gets Series A funding
  • TA Associates invests in mutual fund distributor Prudent Corporate
  • Nexus, Version One invest in travel experiences marketplace Headout
  • India’s trade deficit widens to highest level in over 5 years
  • Sensex closes more than 2% higher for the week after hitting fresh highs
  • Avendus eyes IDFC Mutual Fund; Tata Steel may sell Southeast Asia units

 

Morning Business News Round Up_July 13, 2018

  •  Inflation at 5-month high in June, IIP slows
  •  HCL Tech board clears Rs 4,000 crore share buyback
  •  Tata Steel plans to sell South-East Asia operations
  •  India could climb up to be 5th largest economy: FM
  •  Iran an important partner for energy: India
  •  India becomes newest shareholder of EBRD
  •  Iran says will strive to ensure oil supplies to India
  •  India’s per capita income too low despite being 6th largest economy: NITI
  •  GIC Re trades ex-bonus in ratio of 1:1
  •  Avendus Capital leads race to acquire IDFC Mutual Funds, say sources
  •  RCom calls DoT’s approach on one-time spectrum charge discriminatory
  • Merger blues: Idea Cellular likely to move TDSAT against DoT demand
  •  L&T construction arm bags orders worth Rs 2,388 cr
  • Image result for lpg subsidy LPG subsidy jumps 60% as govt maintains prices to help consumers
  •  LIC board likely to meet next week to discuss IDBI Bank deal
  •  $63-b trade deficit untenable, India tells China
  •  Airtel Payments Bank gets RBI, UIDAI nod to resume taking new customers
  •  HIL Ltd to buy Parador Holdings of Germany
  •  1,000 NPA accounts under scanner in ICICI Bank probe
  •  India’s fuel demand up 8.7% in June, gasoline sales rise by 14.9%
  •  With US trade under a cloud, China opens to Indian pharma
  •  GE commissions first leg of grid-stabilisation system for PowerGrid
  •  World oil supply risks being ‘stretched to limit’: IEA
  •  CCI dismisses complaints against Google; chairperson gives dissent note
  •  RCom alleges govt of bias in Idea-Vodafone merger case; DoT denies charges
  •  Tata, Fortum win Karnataka solar tender for Rs 2.85/unit
  •  LPG subsidy a distortion, provide fuel-agnostic cooking sop: NITI Aayog
  •  States fail to meet fiscal targets for third year: RBI
  •  Brokers barred from taking cash from clients
  •  NCLAT rejects Liberty House plea to stay resolution process of Bhushan Power
  •  Tata-Mistry feud: Chairman doesn’t enjoy a free hand, says NCLT
  •  Russia tightens grip on Europe’s gas
  •  Government to forego nearly Rs 6,000 crore locked in tax disputes

Ongoing SME IPO_Avon Moldplast Limited IPO

 

Avon Moldplast Limited IPO

Issue Analysis :

Issue opens July 12, 2018
Issue Closes July 18, 2018
Issue Price Rs 51
Lot Size 2000
Issue Size 4.51 Cr
Lead Manager TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
Registrar MAS SERVICES LIMITED
Platform NSE

Company’s Snapshot :

Incorporated in 1996, Uttar Pradesh based Avon Moldplast Limited is a company engaged in manufacturing of quality plastic molded furniture under the brand name of “AVON”.

The Company’s Product Portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. It has a fully functional manufacturing facility located Ghaziabad, Uttar Pradesh.

The products manufactured by the company are supplied to its distributor network spread PAN India, from where it is sold into the retail market. It has a long-standing and established network of more than 100 distributors, who further have well established retail network which roughly works out to 10,000 direct selling agents.

 

Object of the Issue :

The objects of the Issue are:

 

  1. To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
  2. To meet the incremental working capital requirements
  3. General Corporate Purpose

 

Financial Highlights :

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs.)
31-Jan-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 120,301,979 101,884,836 80,429,705 67,795,401 47,997,018 45,409,170
Total Revenue 189,244,030 138,506,251 99,979,236 80,397,967 61,757,249 60,746,589
Profit After Tax 6,932,735 996,751 555,158 365,599 489,218 27,157

 

Company Promoters:

The Promoters of the Company are:

  1. Mr. Sushil Kumar Aggarwal;
  2. Mrs. Anita Aggarwal; and
  3. Mr. Sahil Aggarwal

 

Contact Company Information:

Avon Moldplast Limited

A-7/36-39, South of G. T. Road Industrial Area,

Electrosteel Casting Compound

Ghaziabad 201009,

Phone: +91-120-4376091

Email: cs@avonmpl.com

Website: http://www.avonmpl.com/

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