Morning Business News Round Up_Aug 23, 2019

Morning Business News:

  • India’s consumer confidence drops in August: Report
  • Airtel fastest mobile broadband network, Jio now slowest
  • Startups with turnover up to Rs 25 cr to get the tax break
  • Gadkari eyes Rs 10L crore revenue from Bharatcraft
  • Labour code on mandatory minimum wages notified
  • CAIT seeks an extension of the last date to file GST return
  • Trump talks up the economy, talks down Fed amid mixed data
  • EPFO to allocate equity investments equally in Nifty and Sensex firms
  • Extraordinary steps needed to deal with financial sector stress: NITI V-C
  • FPI norm easing: Big bucks from cash-flush West Asia banks likely

Image result for GST

  • Govt files IPO document for IRCTC with Sebi plans to offload 12% stake
  • US deficit to hit $960 bn in 2019, top $1 tr in 2020: Report
  • Lupin divests its Japanese injectables business to Abu Dhabi company
  • Super-rich surcharge leaves financial sector poorer as FPIs pull out ₹6,700 cr
  • Brazil, Vietnam tighten grip over the coffee market
  • Pharma body wants certainty, predictability in the price-control mechanism
  • The stimulus to industry creates moral hazard, says CEA
  • Depositors’ law not applicable to NSEL: Bombay High Court
  • Gillette India Q4 net up 32 percent at ₹46 cr
  • Airtel has a strong balance sheet: Goldman Sachs
  • Domestic air traffic growth falls to a five-year low in January-July 2019
  • DLF denies the charge of non-disclosure of key information in QIP
  • Businesses get four months to settle pre-GST tax disputes
  • NTPC gets shareholders’ nod to raise up to Rs15,000 crore via bonds
  • India-Peru: Fifth round of Trade Negotiations held in New Delhi
  • Nepal, India review bilateral ties with special focus on connectivity, economic partnership
  • BRICS bank looks to tap into Indian Rupee offshore market
  • MCA issues clarification on firms’ merger date
  • Rupee crashes to over 8-mth low of 71.81 against USD
  • Sensex sinks 587 points; Yes Bank nosedives 14 percent
  • Gold continues the bull run, nears Rs 39,000 mark
  • India’s petrol imports in July hit highest in at least eight years

Ongoing_ipo_Neogen_Chemicals_Limited

Neogen Chemicals

Download IPO Forms (Pre filled Forms): CLICK HERE

IPO Details:

Issue Open Date April 24, 2019 Price Band : Rs. 212 – Rs. 215
Issue Open Date April 26, 2019 Minimum Bid Qty : 65 Equity Shares and in multiples thereof
Face Value Rs. 10 Minimum Investment : Rs. 13975/-

 

 

Incorporated in 1991, Neogen Chemicals is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India. Neogen makes both organic and inorganic chemical compounds.

 

These specialty chemicals are used in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals, and flavors and fragrances.

 

As on February 28, 2019, we have manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The company markets and sells products in India, Europe, Japan, and the USA.

 

The manufacturing units of the company are located in Navi Mumbai in Maharashtra and Karakhadi, Vadodara in Gujarat. Neogen is proposing to expand its manufacturing facilities by setting up new units at Vadodara Facility and the Dahej Facility. The Proposed Dahej Facility is a green-field manufacturing facility for manufacturing inorganic chemical products.

 

The company annually manufactures 1,30,400 liters of organic chemicals and 1,200,000 Kg. of inorganic chemicals.

Company Promoters :

  1. Haridas Thakarshi Kanani
  2. Harin Haridas Kanani

Neogen Chemicals Limited IPO Registrar:

Name of the Registrar : Link Intime India Private Limited

Address of the Registrar : C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), 400 083, Mumbai, Maharashtra, India

Contact person name  :  Shanti Gopalkrishnan

Contact details+91 22 4918 6200

Email ID :  neogenchem.ipo@linkintime.co.in

 

Note: Check Neogen Chemicals Limited IPO allotment status on Linkintime website allotment url. Click Here

 

Download IPO Forms (Pre filled Forms) :  CLICK HERE

 

Note : You can contact Mr. Bhavesh on 079-68174005 , for any help regarding IPO subcription

 

Forthcoming_ipo_Polycap India Limited

Forthcoming_ipo_Polycab India Limited

Download IPO Forms (Pre filled Forms): CLICK HERE

IPO Details:

Issue Open Date April 05, 2019 Price Band : Rs. 533 – Rs. 538
Issue Open Date April 09, 2019 Minimum Bid Qty : 27 Equity Shares and in multiples thereof
Face Value Rs. 10 Minimum Investment : Rs. 14526/-

 

Incorporated in 1996, Mumbai based Polycab India Limited is engaged in the business of manufacturing, selling and distributing wires, cables and Fast Moving Electrical Goods (FMEG) products. Some of the FMEG products produced by the company are solar products, luminaires, LED lighting, electric fans, and switchgear.

 

The company entered into an engineering, procurement and construction (“EPC”) business and FMEG business in 2009 and 2014, respectively. As on 31st March 2018, it has more than 3,300 authorized dealers and distributors, 100,000 retail outlets, 24 manufacturing facilities and 29 warehouses in India. All the sales and marketing activities of the company are handled through corporate office, three regional offices and 20 local offices located across India.

 

For Fiscal 2018, the company has market shares of nearly 18% of the organized wires and cables industry and around 12% of the total wires and cables industry in the country based on manufacturers realization.

 

Initial public offering of up to (*) equity shares of face value of Rs. 10 each (equity shares) of the company for cash at a price of Rs. (*) per equity share, including a premium of Rs. (*) per equity share, aggregating up to Rs. (*) Crores (offer) comprising a fresh issue of up to (*) equity shares aggregating up to Rs. 500 Crores by the company (fresh Issue) and an offer for sale of up to 24,886,823 equity shares by the investor selling shareholder, the promoter selling shareholders, the promoter group selling Shareholders and the individual selling shareholders, collectively referred to as the ?selling shareholders? (defined hereinafter) aggregating up to Rs. (*) Crores (such equity shares offered by the selling shareholders, collectively referred to as the offered shares and such an offer for sale, offer for sale). The offer includes a Reservation of up to (*) equity shares aggregating up to Rs. (*) Crores for eligible employees (defined hereinafter) (employee reservation portion) (which shall not exceed 5% of the post-offer equity share capital of the company). The offer less the employee reservation portion is referred to as the ?net offer?. The offer and the net offer shall constitute (*) % and (*) % of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs. 10 each. The price band and the minimum bid lot size for the offer will be decided by the company.*

 

Company Promoters :

  1. Inder T. Jaisinghani
  2. Ajay T Jaisinghani
  3. Ramesh T. Jaisinghani
  4. Girdhari T. Jaisinghani

 

Polycab India Limited IPO Registrar:

Name of the Registrar : Karvy Fintech Private Limited

Address of the Registrar : Karvy Selenium, Tower B, Plot 31-32, Gachibowli Nanakramguda,

Hyderabad : 500 032

Contact person name  :  M. Murali Krishna

Contact details+91 40 6716 2222

Email ID :  einward.ris@karvy.com

 

Note: Forthcoming ipo Polycab India Limited ipo allotment link on Linkintime website allotment url. Click Here

Polycab India Limited IPO Lead Managers:

  • Axis Capital Ltd
  • Citigroup Global Markets India Pvt Ltd
  • Edelweiss Financial Services Ltd
  • IIFL Holdings Ltd
  • Kotak Mahindra Capital Company Ltd
  • Yes Securities (India) Ltd

 

Company Address:
Polycab India Limited
E-554, Greater Kailash – II
New Delhi 110 048
Tel: +91 11 2922 8574
Fax: +91 11 4105 4838
E-mail: investor.relations@polycab.com
Website: www.polycab.com

Download IPO Forms (Pre filled Forms) :  CLICK HERE

 

Note : You can contact Mr. Bhavesh on 079-68174005 , for any help regarding IPO subcription

 

Morning Business News Round Up_Mar 11, 2019

Morning Business News :

  • Finance Ministry eyeing part of non-core asset sale proceeds of CPSEs as dividend
  • China, US reached consensus on exchange rate issues
  • Govt amends SEZ rules in three critical areas
  • IDBI Bank considering renewal of term for current MD
  • Savings of millions of armymen now junk due to IL&FS
  • FinMin may borrow 60% from market for H1
  • PNB: Agencies to probe who helped Nirav set up UK biz
  • Anil Ambani’s Reliance Capital looks beyond Nippon Life for AMC stake
  • Naresh Goyal to shed stake to 17% in Jet bailout plan; lenders to hold 30%
  • India seeks Saudi investment in strategic oil storage to resurrect refinery
  • Govt scraps 6th, 7th rounds of coal mine auction; sale of 19 blocks on hold
  • Magma Fincorp expects to close FY19 with 20% growth in disbursals
  • CBDT allows offshore fund managers to operate from India
  • EPF transfer on job change to become automated from next fiscal
  • ‘Access to formal credit increases income of farmers’
  • Suven Life inks pact to buy assets of Rising Pharma units
  • DLF to launch over Rs 3,000 cr QIP by June
  • Sebi seeks powers to grant immunity, impose lesser penalty in lieu of assistance

Image result for sebi

  • India targets Saudi investment in building strategic oil reserve
  • US, China have reached consensus on many vital issues, Yi Says
  • FPIs invest over ₹2,700 crore in five sessions on global cues
  • Essar Steel, Binani insolvency resolutions get official clean chit; top body says no contradiction
  • CII releases roadmap for 8% growth in coming years
  • India-SICA talks to take place soon to help promote bilateral trade and investments
  • High value cars, jewellery to become cheaper as TCS to be excluded in computing GST
  • Irdai panel suggests host of steps for speedy settlement of insurance claims
  • RBI says no data on demonetised 500, 1,000 notes used at petrol pumps
  • IRDAI issues norms on conflict of interest

Morning Business News Round Up_Feb 25, 2019

Morning Business News :

  • Saudi Arabia to make India regional hub for oil supply
  • Assured return scheme for NPS subscribers proposed
  • REC needs nod from at least 50% lenders for PFC deal
  • India to be 2nd-largest 5G market in 10 yrs : Huawei
  • 3-4 more banks to come out of RBI’s PCA framework
  • Warren Buffett’s firm reports $25 bn Q4 loss
  • May postpones vote on Brexit deal until March 12
  • GST Council cuts tax on under construction residential houses to 5%

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  • SBI considers moving NCLT for insolvency proceedings against Jet Airways
  • Blackstone, Embassy to launch India’s first real estate investment trust
  • Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand
  • Raymond revamps supply chain, weighs on digital tools for more efficiency
  • Bharti Airtel set to conduct trial of Nokia’s 5G-ready telecom gear
  • JNPT SEZ to bid out 300 acres to manufacturing companies
  • India’s financial condition looking up, says CII-IBA
  • Boards of companies should assert ethical conduct: CII
  • 347 infra projects show cost overruns worth over Rs 3.2 lakh cr
  • Hindusthan National Glass to raise ₹1,800 crore to pare debt
  • Uber in talks to sell India food delivery business
  • KKR, BlackRock set to invest in Adnoc pipeline unit
  • Afghanistan launches new export route to India through Iran
  • Wipro shareholders approve bonus issue, increase in authorised share capital
  • Seven of top 10 Indian companies lose₹67,980 crore in m-cap, TCS worst hit
  • RIL preparing to list Reliance Retail soon
  • US-China talks: Superpowers haggling over currency pact
  • Lack of big-ticket deals drive down PE/VC investments in January 2019
  • Swiggy in talks to buy Uber Eats India, deal expected to be sealed soon
  • Singapore largest FDI source, leaves Mauritius far behind
  • PNGRB rejects HPCL review petition on ATF pipeline
  • FPIs sell blue-chips, take away Rs 30K crore
  • Foreign portfolio investors pull out over Rs 1,900 cr from debt market in Feb
  • Unregulated Deposit Ordinance bans only ponzi schemes not regulated deposits

Morning Business News Round Up_Feb 01, 2019

Morning Business News :

  • GST collections cross Rs 1 lakh cr in January
  • Oil India gets Sebi exemption from buyback norms
  • NCLT allows govt to add 19 new names in PNB scam
  • Airtel loses 5.7 cr mobile customers in Dec 2018
  • Ola losses narrow to Rs 2,842 crore for FY18
  • Stake sale in SE Asia business will improve Tata Steel’s leverage profile: Fitch
  • India’s core sector growth falls to 18-month low of 2.6% in December
  • Govt refuses to extend February 1 deadline for new e-commerce FDI rules
  • Unemployment rate at four-decade high of 6.1% in 2017-18: NSSO survey
  • RBI removes BoI, BoM, OBC from Prompt Corrective Action framework
  • IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed
  • Domestic mining firms to gain as internationaliron ore prices surge
  • Chalet Hotels IPO gets almost nil response from retail investors

Image result for ipo

  • CPI inflation for industrial workers rises to 5.24% in December
  • Higher cost, lower realisation pull Vedanta’s net down 21%
  • NMDC net up 78% at ₹1,577 cr
  • Lower logistics cost to help boost exports by 5-8%: FIEO
  • Escorts chalks out ₹400-cr capex for expansion, JVs
  • GDP growth rate for 2017-18 revised upwards to 7.2%
  • China appeals to US to accept its technology progress
  • Hero MotoCorp quarterly profit slips on higher expenses
  • Bharti Airtel Q3 net profit falls 71.8% to₹86.2 crore
  • Bank of India, Bank of Maharashtra out of RBI’s corrective action list
  • Govt approves 4 lakh houses under PMAY(U)
  • Sebi-Sahara case: Supreme Court summons Subrata Roy on February 28
  • Govt floats tender to tie up 2.5 GW PPAs with stranded plants
  • Power Grid Corp Q3 profit rises 14.2% to Rs 2,368 crore
  • Dabur India Q3 profit increases 10% to Rs 367 crore driven by higher net sales
  • Dena Bank Q3 loss narrows as provisions decreases
  • Central bank gold buying at highest level since 1970s
  • Thermax opens new factory to make chillers, heat pumps
  • Limited awareness among SMEs restricts growth of online lending platforms
  • H-1B rule change keeps qualification in, talent out
  • Chalet Hotels IPO gets almost nil response from retail investors

Morning Business News Round Up_ Dec 24, 2018

  • Huawei faces new setbacks in Europe’s telecom market
  • Tata Motors assures UK PM May of JLR commitment
  • China mulls new foreign investment law
  • GST to consider 5% GST on under-construction homes
  • Govt moots Rs 7,400 crore soft loan to sugar mills
  • ONGC board thinks not the right time to list OVL
  • Himachal Futuristic Communications wins L&T contract
  • Increase e-Visa validity to 10 years to boost tourism: NITI Aayog
  • FinMin’s Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
  • Shriram Transport to M&M Finance, volume dip deflates vehicle financiers
  • IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind
  • MNC drug majors outshine Indian peers, draw investors’ attention
  • GST Council’s announcements bring comfort: Industry bodies
  • Maruti scouting for land in Haryana only to shift Gurgaon plant
  • IT Alliance Australia plans to bring ₹600 cr FDI in 7 years
  • NCLAT stays insolvency proceedings against Eastern Coalfields
  • 10 Indian startups selected for Google News Initiative funding
  • India Inc raises Rs 6 trillion from equity, debt markets in 2018
  • Avoid cap on remuneration of independent directors: CII to govt
  • Partial US government shutdown set to last through Christmas
  • Pass on GST rate cuts or face withdrawal of benefits: Jaitley to businesses
  • Petroleum products should be under GST, says Industry body
  • Oil market likely to rebalance early 2019: OPEC ministers
  • NMDC moved HC after exhausting all options in Karnataka: CMD Hyderabad
  • Need to open up India’s dredging market to boost ports trade: NITI
  • Public credit registry to become reality soon
  • FPIs infuse Rs 1,332 crore in equity in three weeks
  • MCA wing speeds up fraud detection
  • SBI may raise Rs 12,000 cr overseas for PFC’s REC buy

Ongoing SME IPO_B&B Triplewall Ltd

 

B&B Triplewall Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 05, 2018
Issue Price Rs 36
Lot Size 3000
Issue Size 19.99 Cr
Lead Manager Gretex Corporate Services Private Limited
Registrar Purva Sharegistry India Pvt  Ltd
Platform NSE

Company’s Snapshot :

B&B Triplewall is engaged in manufacturing of corrugated boxes and corrugated sheets. It has manufacturing facilities situated at Bangalore and Tamilnadu. The manufacturing facility is divided into two units, both the units are engaged in manufacturing of corrugated sheets and boxes. The company mainly caters to packaging industry and has been able to develop a loyal clientele network consisting of various packaging companies and MNC’s. Majority of its revenues are from the state of Karnataka.

The manufacturing facilities are divided into two units. Unit I is located at Bangalore, Karnataka and Unit III is situated at Shoolagiri (Krishnagiri), Tamilnadu. Whereas, Unit II was given on Lease. The company commenced its business operations in the year 2011 in Unit I. Subsequently, business operations were commenced in the year 2015 in Unit III. Its manufacturing facilities are well equipped with required facilities including machinery, conveyor belt, other handling equipments to facilitate smooth manufacturing process. The company endeavours to maintain safety in its premises by adhering to key safety norms.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements – INR6 crore
  • Repayment of Intercorporate Loans – INR8.3 crore
  • General Corporate Purpose – INR4 crore
  • Issue Expenses – INR1.69 crore

 

Financial Highlights :

 

B&B Triplewall’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 31.62 45.04 101.76 101.95 166.97
Total expenses 30.73 42.99 97.40 100.36 161.22
Profit after tax 0.67 1.28 1.93 1.66 4.57

 

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Manish Kumar Gupta
  2. Mr Ravi Agarwal
  3. Mr Alok Agarwal
  4. Mr Manish Bothra
  5. Mr Amit Agarwal
  6. Mr Sidharth Agarwal
  7. Mr Nishant Bothra

Contact Company Information:

B&B Triplewall Containers Limited
Sy. No. 263/2/3, Marsur Madivala
Kasaba Hobli Anekal Taluk
Bangalore – 562106

 

Phone: +91 80 27827028
Email: cs@boxandboard.in
Website: www.boxandboard.in

 

Ongoing SME IPO_Vinny Overseas Ltd

 

Vinny Overseas Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 10.38 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Vinny Overseas is engaged in the processing of fabrics for shirting, suiting and dress materials through manufacturing process of weaving, dyeing, printing and finishing. The company procures Grey Fabric from the domestic market and further dyes the same as per the client’s requirements on the basis of quality of the fabric, sizing requirements etc. The company is also engaged in Job-Work for wholesale cloth merchants and also trades in grey cloth as per the order received from the customer.

Its products offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials and Cotton Fabrics. Established in 1992, the company caters both domestic and international clients. Vinny Overseas has also been recognized by Director General of Foreign Trade, Ministry of Commerce and Industry as a “One Star Export House” and holds a valid certificate upto 2020. Its processing unit is located at Isanpur Road, Narol, Ahmedabad in the state of Gujarat, on approximately 27000 square yard of land which comprises of dyeing, printing and finishing processing with a capacity of processing of approx. 4,00,00,000 meter per annum. For the financial year 2017-18, the company processed 3,82,87,548 meters of fabrics.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

 

Vinny Overseas’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 80.59 87.35 98.30 98.34 130.54
Total expenses 79.61 85.87 96.58 95.63 126.58
Profit after tax 0.68 0.98 1.11 1.70 3.08

 

Company Promoters:

The Promoters of the Company is:

  1. Hiralal Parekh

Contact Company Information:

Vinny Overseas Limited
B/H International Hotel
Narol-Isanpur Road, Narol
Ahmedabad Gujarat 382405

 

Phone: +91 79 2573 1900
Email: cs@vinnyoverseas.in
Website: www.vinnyoverseas.in

 

Ongoing SME IPO_Marine Electricals Ltd

 

Marine Electricals Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 66
Lot Size 2000
Issue Size 42.87 Cr
Lead Manager Aryaman Financial Services Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Marine Electricals is an integrated electrical and automation solution provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Further, it has entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.

The company’s manufacturing facilities are certified as per ISO 9001, ISO 14001, and OHSAS 18001 for the Quality Management system, Environmental Management System and Occupation Health & Safety Management System respectively. Its manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of latest globally offered panels, this is also supported by its pre-treatment and painting facilities.Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

 

Marine Electricals’ financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 214.86 238.39 251.69 273.65 383.46
Total expenses 197.37 226.36 237.49 256.16 360.80
Profit after tax 13.43 7.87 9.21 10.22 15.27

 

 

Company Promoters:

The Promoters of the Company is:

  1. Vinay Uchil
  2. Venkatesh Uchil
  3. KDU Enterprises Private Limited

Contact Company Information:

Marine Electricals India Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai – 400 093

 

Phone: +91 22 4033 4300
Email: info@marineelectricals.com
Website: www.marineelectricals.com