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%

Related image

  • 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

 

Ongoing SME IPO_Sun Retail Ltd

 

Sun Retail Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 23
Lot Size 6000
Issue Size 10.12 Cr
Lead Manager Fedex Securities Limited
Registrar Bigshare Services Pvt  Ltd
Platform BSE

Company’s Snapshot :

Sun Retail is engaged in the business of trading into refined/filtered edible oils. The company’s major products include cottonseed oil, groundnut oil, sunflower oil. The Company also performs activity of bulk trading of palmolein oil and soyabean oil. Its products are sold under the brand name of “Dharti” and “Dharti SingTel”. The company’s operations are divided in these two major categories:

Wholesale trading

It purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited as a bulk trading.

Retail trading

The company purchases refined/filtered oils from the local oil refineries as per needed specification and requirements and subsequently, it is sold to Kanel Industries Limited for re-filtration and thereafter the final product is packed into tin containers, jars, bottles or pouches of different sizes as per requirements. Thereafter, the company re-purchases refined/filtered packed edible oil from Kanel Industries Limited for retail selling in the market. Sun Retail offers refined/filtered edible oil in different packing size ranging from 15kg tin containers, 15 Litre jars, 5 Litre jars, 2 Litre jars, 1 Litre bottle, 1 Litre pouch, 500 ml bottle and 500 ml pouch.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements- INR7.09 crore
  • General Corporate Purpose – INR2.43 crore
  • Issue Expenses – INR0.60 crore

Financial Highlights :

Sun Retail’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 16.44 23.10 25.63 68.06 65.32
Total expenses 16.44 23.09 25.70 67.79 64.97
Profit after tax 0.00 0.01 0.04 0.19 0.23

 

 

Company Promoters:

The Promoters of the Company is:

  1. TJR Agrocom Private Limited

Contact Company Information:

Sun Retail Limited
213/214, Phase-II GIDC
Naroda
Ahmedabad – 382330

 

Phone: +91 079- 22843366
Email: sun_retail@yahoo.com
Website: www.dhartisingtel.com

 

Ongoing SME IPO_Silgo Retail Ltd

 

Silgo Retail Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 36
Lot Size 3000
Issue Size 4.88 Cr
Lead Manager Aryaman Financial Services Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

Silgo Retail is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. The company deals in silver jewellery and offers a wide variety of designs to suit the preferences of the end customers. With regional diversity of tastes and preferences, it has diverse portfolio of ornaments and jewellery to suit the taste and preferences.

Its products include silver jewellery with varied range of designs and the product portfolio includes rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery based on customer demand. Its online products are hallmarked jewellery certified by BIS and every product is cast in 925 sterling sliver. The company offers a wide range of products in silver jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. It has a dedicated and efficient design team, focused on developing new products and designs that meet customers’ requirements using the latest 3D Computer-Aided Designing (CAD) Software.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

FY2017 FY2018
Total revenue 4.98 16.47
Total expenses 4.71 15.15
Profit after tax 0.18 0.95

 

Company Promoters:

The Promoters of the Company is:

  1. Mr Nitin Jain
  2. Mrs Bela Agrawal

Contact Company Information:

Silgo Retail Limited
B–11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg
Jaipur, Rajasthan– 302 017

 

Phone: +91 0141 4919655
Email: info@silgo.in
Website: www.silgo.in

 

Ongoing SME IPO_Dolfin Rubbers Ltd

 

Dolfin Rubbers Ltd

Issue Analysis :

Issue opens Sept.27, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 5.20 Cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Bigshare Services Pvt  Ltd
Platform BSE

Company’s Snapshot :

Dolfin Rubbers is engaged in manufacturing of Auto and Animal Driven Vehicle (ADV) tubes supporting the tyre industry near Ludhiana (Punjab). Its range of rubber tubes, suitable for tyres of various types of vehicles viz., Mopeds, Scooters, Motorcycles, Cars, Jeeps, Buses, Trucks and Tractors with the use of Butyl rubber.

The company was incorporated on 12 October 1995 and it started manufacturing tubes in the year 1997. Its registered office is located at 79/l, Block-H, Sarabha Nagar, Ludhiana- 141001, Punjab and it carries out production through its manufacturing unit situated at Village Gaunspur, Humbran-·141102, Ludhiana, Punjab. The company has established distribution network across India. It has presence in 27 states and union territories in India through distributors who assist it in supplying its products to a wide network of retail suppliers.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Dolfin Rubbers’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 10M FY2018
Total revenue 25.0 28.6 32.6 40.9 43.1 42.2
Total expenses 24.3 27.7 31.7 39.8 41.9 40.9
Profit after tax 0.50 0.57 0.67 0.53 0.70 1.03

 

 

Company Promoters:

The Promoters of the Company is:

  1. Kawaljit Singh
  2. Ratinder Kaur

Contact Company Information:

Dolfin Rubbers Limited
79/1, Block-H
Sarabha Nagar
Ludhiana Punjab 141002

 

Phone: +91 0161 5031030
Email: dolfintube@gmail.com
Website: www.dolfin.co.in