Today’s M & A Deals_Sep 27, 2018

M & A Deals :

  • LP commitment to PE-VC funds slows in Q2; dry powder shrinks as investment soars.
  • IDG Ventures invests in Delhi-based fertility services aggregator.
  • Garden Reach first PSU IPO to be extended as issue subscribed only 68%.
  • SAMHI buys out MNC hospitality firm’s stake in Bengaluru hotels.
  • PE-backed Aavas Financiers’ IPO crosses one-fourth mark on second day.
  • SAIF Partners leads funding round in infrastructure intelligence firm Sensehawk.
  • Reliance Industries invests more in US-based AI firm Netradyne.
  • Consumer goods and IT stocks drag Sensex lower.
  • Gadgets research portal 91 mobiles buys Price baba, 500 Startups exits.
  • Eight Roads, Fundamentum invest in Pharm Easy’s extended Series C round.
  • New Quest eyes IDG stake in 4 firms; Orix, ADIA may buy controlling equity in IL&FS.
  • US-based AI firm Netradyne gets more money from Reliance Industries.
  • UST Global buys chip design firm SeviTech Systems.

Ongoing SME IPO_Kritika Wires Ltd

 

Kritika Wires Ltd

Issue Analysis :

Issue opens Sept.26, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 32
Lot Size 4000
Issue Size 15.40 Cr
Lead Manager Hem Securities Limited
Registrar Link Intime India Pvt  Ltd
Platform NSE

Company’s Snapshot :

Kritika Wires is an ISO 9001: 2008 certified manufacturer and supplier of high quality galvanized steel wires and wire products which are used by various clients in the government and private sectors like power, infrastructure, railway and many more industries. The products manufactured by the company are used for transmission and distribution of Electricity, manufacturing of concrete slippers, poles, bridges and other infrastructure facilities. It has two manufacturing facilities, situated at Dhulagarh Industrial Park, Kolkata, West Bengal.

The company’s plants are equipped with latest machinery and equipments, in-house testing facilities and qualified engineers. Its products are type tested & approved by various NABL Accredited laboratories like: IDTL, NSIC & NTH Corporation and are supplied as per the Indian Market Specification.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Kritika Wires’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 149.1 183.4 217.3 207.1 257.9
Total expenses 147.5 182.7 215.3 202.9 250.0
Profit after tax 1.01 0.43 1.05 2.67 4.94

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Naresh Kumar Agarwal,
  2. Mr Hanuman Prasad Agarwal,
  3. Alltime Suppliers Private Limited,
  4. R A Comptech Investment & Consultant Private Limited,
  5. Mohta Agencies Private Limited
  6. Balaji Electrodes Private Limited

Contact Company Information:

Kritika Wires Limited
1A, Bonfield Lane
Mezanine Floor
Kolkata- 700001

 

Phone: +91 33 40037817
Email: compliance@kritikawires.com
Website: www.kritikawires.com

 

Ongoing SME IPO_Parin Furniture Ltd

 

Parin Furniture Ltd

Issue Analysis :

Issue opens Sept.26, 2018
Issue Closes Sept.28, 2018
Issue Price Rs 63
Lot Size 2000
Issue Size 18.90 Cr
Lead Manager Hem Securities Limited
Registrar Karvy Computershare Pvt Ltd
Platform NSE

Company’s Snapshot :

Parin Furniture provides a wide range of furniture and lifestyle products including home furniture, office furniture, hospital furniture, institutional furniture and education furniture. Its subsidiary Pearl Furniture Private Limited has well established manufacturing unit located at Survey No. 26, Shapar Main Road, Village, Shapar, Taluka – Kotada Sangani, Dist – Rajkot-360024, having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. The factory is equipped with all facilities to execute all types of manufacturing activities such as panel cutting, edge bidding, post forming, painting line, fabrication, moulding, cutting and polishing & packaging, etc.

The company’s business network is spread in 18 States. It has COCO Flagship Retail Stores and around 900 dealers associated with itself.

Object of the Issue:

The objects of the Issue are to:

 

  • Repayment of Certain Secured Borrowing
  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Parin Furniture’s  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 30.0 28.8 61.8 59.9 64.6
Total expenses 27.6 26.2 56.9 54.1 57.4
Profit after tax 0.61 0.28 1.02 1.36 2.62

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Umesh Dhirajlal Nandani
  2. Mr Deven Dipesh Nandani
  3. Mr Parin Umeshbhai Nandani

Contact Company Information:

Parin Furniture Limited
Plot No. 6, Revenue Survey No. 149
National Highway,at Vavdi, Gondal Road
Rajkot, Gujarat – 360 004

 

Phone: +91 281 3300777
Email: cs@parinfurniture.com
Website: www.parinfurniture.com

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Ongoing SME IPO_A1 Acid Ltd

 

A1 Acid Ltd

Issue Analysis :

Issue opens Sept.25, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 60
Lot Size 2000
Issue Size 18 Cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Cameo Corporate Services Ltd
Platform BSE

Company’s Snapshot :

A1 Acid is engaged in the business of trading of high quality industrial acid and Chemicals. The company offers a wide range of chemical products which find variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, fertilizers, intermediates, defence, metals and petro refineries. The company also provides transportation facilities to its customers through owned fleet of tankers. Currently, the registered and correspondence offices of the company are situated at Gujarat. It has two godowns/warehouses both are located at Gujarat and one branch office located at Rajasthan.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

A1 Acid’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 101.1 97.0 85.4 105.8 96.2
Total expenses 100.5 96.9 84.1 101.3 92.3
Profit after tax -0.12 0.13 0.92 3.00 2.48

 

Company Promoters:

The Promoters of the Company is:

  1. Harshadkumar Patel
  2. Jitendra Patel

 

Contact Company Information:

A1 Acid Limited
Corporate House No. A-1, Shivalik Business Centre
B/h. Rajpath Club, S. G. Highway
Bodakdev, Ahmedabad -380059

 

Phone: +91 79-40091111
Email: cs@a1acid.com
Website: www.a1acid.com

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Morning Business News Round Up_ Sep 25, 2018

  •   Image result for Rupee rescue missionRupee rescue mission begins, oil purchases may be trimmed
    RBI study hints a rate hike in the next policy meet
    Electrosteel Steels board approves delisting of company
    Refusal to renew consent to operate bad in law: Vedanta
    Usha Martin seeks details on end-use of funds
    Yes Bank board to meet after RBI directive on CEO
    India may go for import curbs, gold to be spared
  •   India’s trade with neighbours only 31% of total potential: World Bank
    Govt extends deadline for filing I-T returns, audit report till October 15
    BofAML ups CAD forecast to 2.8% in FY19 on rising crude oil prices
    Revival of 45 bankrupt firms will meet 50% of lenders’ claims: IBBI chief
    Brent crude crosses $80 as OPEC rejects Trump’s call for oil output boost
    ‘Currency in circulation slows down since May’
    Iran oil: Experts see no possibility of US granting waiver for India
    NRC seeks shareholders nod to sell assets
    Bank loan fraud: ED to file charge sheet against Sterling Biotech promoters
    Infosys bags $62-m deal from Canadian govt
    Govt may opt to control retail fuel prices to cushion
    Sebi said to review DHFL, Yes Bank for trading irregularities
    India plans power sector mergers to raise ₹ 20,000 crore
    Ola in funding talks with Naspers at a valuation of $7-8 billion
    US, China impose fresh tariffs with no trade talks in sight
    High-level panel set up to resolve Ratnagiri refinery issue
    ED resisted bids to settle loans, says Vijay Mallya
  •   L&T Technology Services bags $40 million deal
    India to be USD 100 billion FDI destination by 2022: PHD Chamber
    Dena Bank approves merger with Bank of Baroda along with Vijaya Bank
  •   FM to review banks’ financial performance today
    Crude spike, RBI dollar selling slows currency in circulation
    India imports iron ore despite enough reserves
    Rana Kapoor may stay as whole time director of Yes Bank
    Government mulling merger of REC and PFC

 

Today’s M & A Deals_Sep 25, 2018

M & A Deals :

 

  • Big Indian companies willing to buy startups a positive trend: Pi Ventures’ Manish Singhal
  • Nexus Venture Partners bets on fintech startup
  • Garden Reach Shipbuilders IPO gets little response on first day
  • Ramesh Damani backs equity market analysis app Stock Edge
  • Biscuit maker Anmol Industries gets SEBI nod to float IPO
  • Blackstone-backed Embassy Office Parks files for India’s first REIT IPO
  • Nifty posts biggest single-day loss in six months as housing finance stocks slide
  • IIFL Wealth to buy former employee’s fintech startup Altiore
  • Digital payments firm Obopay buys Accel-backed Mubble
  • Unicorn India Ventures ropes in Federal Bank as anchor LP for maiden debt fund

Ongoing SME IPO_ Rajnandini Metal Ltd

 

Rajnandini Metal Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 4.27 Cr
Lead Manager Corporate Capital Ventures Private Limited
Registrar Bigshare Services Private Ltd
Platform NSE

Company’s Snapshot :

Rajnandini Metal is in the business of trading of scrap of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. The company works as a crucial business interface, networking between manufacturers / processors / yards and consumers / traders across the country. Its product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of all types of ferrous and Non ferrous Metals according to customer specifications.

The company operates as an important intermediary in the Metals Supply Chain whereby it purchases materials such as Annealed/Un-Annealed Copper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supplies the same to customers in the Metal Business. The company’s business model is based on B2B model wherein the company sells the scrap to the business enterprises who further transform the scrap in to finished product as per their requirements. The company operates three warehouses in Daulatpur, New Delhi; NIT Faridabad; and LIbaspur, New Delhi.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Rajnandini Metal’s  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 90.1 104.4 109.8 136.5 127.3 141.2
Total expenses 89.5 103.8 109.2 135.9 126.5 139.7
Profit after tax 0.39 0.41 0.55 0.32 0.55 0.94

 

 

Company Promoters:

The Promoters of the Company is:

  1. Het Ram
  2. Mithlesh Sharma

Contact Company Information:

Rajnandini Metal Limited
3E/17 B.P. N.I.T
Faridabad
Haryana-121001

Phone: +91 0129-4074043
Email: info@rajnandinimetal.com
Website: www.rajnandinimetal.com

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Ongoing SME IPO_Innovative Ideals Ltd

 

Innovative Ideals Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 26, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 12.26 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Private Ltd
Platform BSE

Company’s Snapshot :

Innovative Ideals started as a proprietorship concern for trading of varieties of security equipment by importing from Korea. It has gradually evolved from a trading company to a security solution provider. The company provides System Integration for security, safety and building automation and installation of various electronics systems. It provides a wide range of services with respect to security and electronic systems, such as, Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems and Telecom Products.

The company provides Video Door Phones under its own brand names, namely, Onyx and Inok. Further, home automation solutions are provided under the brand name of eHomes. Strengthening its service to B2B segment, the company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.

In order to reach B2C segment, it has developed two products, Savior and ArmHer, addressing the need of safety of the citizens in the country, primarily, children, women and senior citizens. Apart from this, the company has also launched basi feature mobile phones which are sold under own brand name, Inoyo. Innovative Ideals has entered into an agreement with Tata Sky Broadband and Tata Sky Limited for providing broadband and Direct to Home (DTH) services to the residents / subscribers in Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Innovative Ideals’  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 12.8 12.4 12.2 10.7 20.3
Total expenses 12.1 12.2 12.2 9.3 16.0
Profit after tax 0.50 0.16 0.01 0.98 3.09

 

Company Promoters:

The Promoters of the Company is:

  1. Maqsood Shaikh
  2. Tazyeen Shaikh

Contact Company Information:

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark
Off Ajit Glass Road, Oshiwara
Goregoan (W), Mumbai-400104

Phone: +91 022-6739 2121
Email: investors@innovative.in
Website: www.innovative.in

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Morning Business News Round Up_ Sep 24, 2018

  •  RBI’s eagle eye is on mkts, ready for action
  •  Govt mulls law to settle commercial disputes fast
  •  Image result for il&fsIL&FS crises not a Lehman moment for India: SBI Chief
  •  Over 40% cos surveyed expect RBI to hike rates: CII
  •  Oil India gets nod to raise up to Rs 7,000 crore
  •  China’s debt rises to USD 2.58 trillion
  •  Shadow banker in India rushes to sell assets
  •  Spectrum auction for 5G likely in later half of 2019: Telecom Secretary
  •  Sebi disposes ICICI’s submissions for overhauling its settlement rules
  •  BSE to move eight companies out of ASM framework from September 24
  •  McLeod sells 6 more gardens; courting Alibaba, others to sell tea online
  •  I-T department slaps ONGC Videsh with Rs 76.66-billion service tax demand
  •  Assets of nine CPSEs to be hived off before stake sale
  •  Commerce Ministry rues steep decline in export credit
  •  Tata Steel to pay at least ₹4,300 cr for Usha Martin steel arm
  •  PM unveils Ayushman Bharat; 50 cr to get health cover of ₹5 lakh
  •  Most companies upbeat about growth, business prospects in Q2, says CII report
  •  FPIs turn net sellers in September, pull out ₹15,365 crore so far
  •  Seven of top 10 Indian firms lose ₹89,779 crore in m-cap, RIL worst hit
  •  Over 40% firms feel RBI may further hike rates: CII survey
  •  Taiwan takes India to WTO’s safeguard committee on solar duty
  •  RBI shortlists Infosys, TCS, 3 other IT firms to implement CIMS
  •  Dutch firm Flytxt to invest Rs 250 cr in Kerala’s Technopark
  •  BSNL inks deal with Softbank, NTT to roll out 5G, IoT service
  •  Finance ministry officials to brief parliamentary panel on ponzi scheme bill
  •  Government to ‘soon’ curb on imports to bring rupee to 68-70 level against US dollar
  •  PNB, OBC, Andhra Bank next in line for merger
  •  Higher MSP to push up gold demand 25%
  •  RRBs’ number to be brought down to 36
  •  Trai rules out interference in telecom tariffs
  •  Broadband subscriber base widens 52%

Ongoing SME IPO_Kshitij Polyline Ltd

 

Kshitij Polyline Ltd

Issue Analysis :

Issue opens Sept.21, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 35
Lot Size 4000
Issue Size 8.75 Cr
Lead Manager Monarch Networth Capital Limited
Registrar Karvy Computer share Private Ltd
Platform NSE

Company’s Snapshot :

Kshitij Polyline is involved in manufacturing, marketing, sourcing of Plastic Sheet, lamination sheet, folders, I card and files having wide application in printing and stationery. The company has developed the skill and expertise in designing and innovation in office stationery, calendar, dairy and student study materials of different variety colours, design and application. It has also developed the In-house technical & Design team to provide stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.

The company has regular business from existing clients such as Navneet Publication, Anupam Stationery, Events and Media Organisers of conference and Exhibition. The company has developed the regular whole sellers and distributors for supply of laminated sheet, PP sheet, office stationery and allied products. KPL has established own distribution and marketing network in Pan India Basis. The company is now planning for business expansion through state of art manufacturing facility. It has plan to develop logistic & warehousing facility in Delhi, Jaipur, Culcutta, Hydrabad, Banglore, Chennai and Pune.

Object of the Issue:

The objects of the Issue are to:

  • Purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products
  • Working Capital Requirements
  • General Corporate Purposes
  • Issue Expenses

Financial Highlights :

Kshitij Polyline’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 13.3 12.7 12.4 15.6 17.0 17.0
Total expenses 13.2 12.5 12.1 15.3 16.6 15.9
Profit after tax 0.08 0.11 0.16 0.20 0.28 0.85

 

Company Promoters:

The Promoters of the Company is:

  1. Bharat Hemraj Gala
  2. Hemraj Bhimshi Gala
  3. Rita Bharat Gala

Contact Company Information:

Kshitij Polyline Limited
8, Sona Udyog, Parsi Panchayat Road,
Andheri East
Mumbai – 400069

Phone: +91 022 42234107
Email: : kshitij123@hotmail.com
Website: www.kshitijpolyline.co.in

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