Alphalogic Techsys BSE SME Startup IPO review

Alphalogic Techsys BSE SME Startup IPO review

Incorporated in 2016, Maharashtra-based Alphalogic Techsys Ltd is a Software Consulting Firm. It is engaged in offering end-to-end technology solutions, technology consulting services, and support. Alphalogic Techsys has clients in India and multiple locations such as Australia, the USA, and the UK.

The services range of the company includes mobile application development, data analytics services, UI/UX consulting, web application development, and business intelligence.

The services offered by the company covers various sectors including Software-as-a-service (SAAS Software), Healthcare, Social Networking, Fintech, E-commerce, and many others. Alphalogic Techsys improves the services offered to the clients by customizing the offerings from time to time based on clients' needs.

Products

1. Alphalogic' Business Process Automation suite

2. Business Process Management Software (BPMS)

Competitive Strengths

1. End-to-end technology services and solutions

2. A long-standing relationship with clients

3. Domain experts

Company Promoters:

The promoters of the company being Mr. Anshu Goel and Mr. Dhananjay Subhash Goel.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Mar-19 31-Mar-18 31-Mar-17

Total Assets 415.40 8.64 120.17

Total Revenue 501.21 218.33 188.84

Profit After Tax 219.05 37.09 33.86

Objects of the Issue:

The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects and gain benefits of listing on BSE SME Platform:

A. To meet the working capital requirements of the company (?500.00 Lakhs)

B. To meet the Issue Expenses (?47.20 lakhs)

C. General Corporate Purposes (?71.04 Lakhs)

Alphalogic IPO Details

Issue Open Aug 26, 2019 - Aug 28, 2019

Issue Type Fixed Price Issue IPO

Issue Size 736,000 Eq Shares of Rs 10 

(aggregating up to Rs 6.18 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 84 Per Equity Share

Market Lot 1600 Shares

Min Order Quantity 1600 Shares

Listing At BSE SME

Alphalogic IPO Tentative Date / Timetable

Bid/Offer Opens On Aug 26, 2019

Bid/Offer Closes On Aug 28, 2019

Finalization of Basis of Allotment Aug 30, 2019

Initiation of Refunds Sep 3, 2019

The credit of Shares to Demat Acct: Sep 4, 2019

IPO Shares Listing Date: Sep 5, 2019

Alphalogic IPO Promoter Holding

Pre Issue Share Holding 100%

Post Issue Share Holding 73.49%

Alphalogic IPO issue shares will list on BSE startup platform

Alphalogic SME IPO issue open and close date revised to 26 Aug-28 Aug from 23 Aug -27 Aug, as confirmed by Lead Manager

Company Contact Information

Alphalogic Techsys Ltd

405, Pride Icon, Near Columbia Asia Hospital,

Kharadi Bypass Road,

Pune, Maharashtra-411014, India

Phone: 0727-6701155

Email: info@alphalogiclimited.com

Website: https://www.alphalogicinc.com/

Alphalogic IPO Registrar

Cameo Corporate Services Limited

   Cameo Corporate Services Ltd.,

   Subramanian Building # 1, Club House Road,

   Chennai 600 002 - India

Phone: +91-44-28460390

Email: investor@cameoindia.com

Website: https://online.cameoindia.com/

Conclusion / Investment Strategy

Company's performance on the basis of FY19 super earnings raises concern. However, on the basis of recent earnings (with super-profits in the pre-IPO year), the issue appears fully priced. Risk savvy cash surplus investors may consider moderate investment at their own risk. (Other).

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Tata Capital Fin. NCD Tranche II (Aug19) Offer review - Subscribe

Tata Capital Fin. NCD Tranche II (Aug19) Offer review - Subscribe

Incorporated in 2010, Tata Capital Financial Services Limited (TCFSL) is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC). The company provides a range of financial products to corporates and consumers.

Corporate Finance- Term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products.

Consumer finance- Car and two-wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities.

The company is a wholly owned subsidiary of TCL, the financial services arm of the Tata group. It operates an extensive a network of 134 offices spanning across 23 states.

Key Strengths

1. Diversified and balanced mix of businesses

2. Extensive network of our 134 offices

3. 'Tata' as a recognized brand

4. Robust internal processes

Tata Capital NCD Aug 2019 Detail

Issue Open Aug 13, 2019 - Aug 23, 2019

Security Name Tata Capital Financial Services Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)

Issue Size (Base) Rs 500.00 Crores

Issue Size (Shelf) Rs 3,626.00 Crores

Issue Price Rs 1000 per NCD

Face Value Rs 1000 each NCD

Minimum Lot size 10 NCD

Market Lot 1 NCD

Listing At BSE, NSE

Credit Rating CRISIL AAA / Stable by CRISIL Ltd and CARE AAA Stable by CARE Ratings Ltd

Tenor 3 years/ 5 years/ 8 years/ 10 years

Series

Series I to Series IV

Payment Frequency Annual

Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated

Category 1 (QIB) 15%

Category 2 (NII) 15%

Category 3 (HNI) 35%

Category 4 (RII) 35%

Coupon Rates

Coupon rates for series 1 to 4

  Series 1 Series 2 Series 3 Series 4

Frequency of Interest Payment Annual Annual Annual Annual

Nature Secured Unsecured

Tenor 3 years 5 years 8 years 10 years

Coupon Rate For Category I & II 8.35% 8.40% 8.55% 8.75%

Coupon Rate For Category III & IV 8.45% 8.50% 8.65% 8.85%

Amount on Maturity For Category I & II/ for III & IV ?1,000 ?1,000 ?1,000 ?1,000

NCD Rating Detail

The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to ?7,50,000 lakh by CRISIL Limited vide its letter dated August 15, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 25, 2019 and have been rated "CARE AAA; Stable" for an amount up to ?7,50,000 lakh by CARE Ratings Limited vide its letter dated August 14, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 26, 2019. The ratings of the NCDs issued by CRISIL Limited indicate highest degree of safety regarding timely servicing of financial obligations.

Company Promoters

Tata Capital Limited is the promoter of the company.

Objects of the Issue:

TCFSL proposes to utilise the funds which are being raised through the Tranche II Issue, after deducting the Tranche II Issue related expenses to the extent payable by TCFSL ("Net Proceeds"), towards funding the following objects (collectively, referred to herein as the "Objects"):

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of TCFSL

2. General Corporate Purposes

Conclusion / Investment Strategy

A debt offer with Good Rating from well known investor friendly Tata group with attractive coupon rates make it a worthy option for investors looking for long term fixed income. (Subscribe)

Sterling and Wilson IPO Date, Price, GMP, Review & Details

Sterling and Wilson IPO Date, Price, GMP, Review & Details



Incorporated on 2017, Mumbai based Sterling & Wilson Solar Limited (SWSL) is engaged in providing solar engineering, procurement and construction (EPC) solutions to the end-users. SWSL is focused on utility-scale solar power projects and manages solar projects from conceptualizing to commissioning. It provides operations and maintenance (O&M) services for the 3rd party projects as well. It was previously named as Rashmika Energy Private Limited.



The company started its operation as a Solar EPC Division of SWPL in 2011 and demerged on April 1, 2017. According to IHS Markit, the company was the world's largest solar EPC solutions provider in 2018 based on annual installations of utility-scale PV systems. Currently, it has a wide presence across 26 countries.



Sterling & Wilson offers customized solutions to its customers for solar power projects. The company follows a "hub-and-spoke" business model where India works as a hub for various services. The company aims to improve the performance ratio by offering cost-effective and innovative designing solutions supported by an engineering and competent design team. It has 138 employees in the design and engineering team.



Competitive Strengths



1. World's largest solar EPC solutions provider

2. A dedicated design and engineering team

3. Takes benefits of the brand image of the SP group and S&W

4. Strong financial performance

Risk to Investors



The six global coordinators and book running lead managers and two book running lead managers associated with the offer have handled 48 public issue in the past three years out of which 18 closed below the issue price on listing date.

The Price/Earnings ratio based on diluted EPS for fiscal 2019 for the issuer at the upper end of the Price Band is as high as 19.57.

The average cost of acquisition per Equity Share for our promoter selling shareholders is nil per equity share.

Company Promoters:

The promoters of the Company are Shapoorji Pallonji and Company Pvt Ltd and Khurshed Yazdi Daruvala.



Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. 10 Lakhs)

31-Mar-19 31-Mar-18 31-Dec-17

Total Assets 53,919.19 49,203.81 35,701.70

Total Revenue 82,404.08 68,717.08 32,324.81

Profit After Tax 6,382.33 4,505.35 1,733.62

Objects of the Issue:

The objects of the Offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2. For the Offer of the Equity Shares by the Promoter Selling Shareholders.

3. To enhance visibility and brand image.



Sterling and Wilson IPO Details

Issue Open Aug 6, 2019 - Aug 8, 2019

Issue Type Book Built Issue IPO

Issue Size [.] Eq Shares of Rs 1

(aggregating up to Rs 3,125.00 Cr)

Offer for Sale [.] Eq Shares of Rs 1

(aggregating up to Rs 3,125.00 Cr)

Face Value Rs 1 Per Equity Share

Issue Price Rs 775 - Rs 780 Per Equity Share

Market Lot 19 Shares

Min Order Quantity 19 Shares

Listing At BSE, NSE

Sterling and Wilson IPO Tentative Date / Timetable

Bid/Offer Opens On Aug 6, 2019

Bid/Offer Closes On Aug 8, 2019

Finalisation of Basis of Allotment Aug 14, 2019

Initiation of Refunds Aug 16, 2019

Credit of Shares to Demat Acct: Aug 19, 2019

IPO Shares Listing Date: Aug 20, 2019

Sterling and Wilson IPO Promoter Holding

Pre Issue Share Holding 99.10%

Post Issue Share Holding

Offer Size Allocated

QIB Portion: At least 75% of the offer;

Retail Portion: Not more than 10% of the offer

NII Portion: Not more than 15% of the offer



Company Contact Information

Sterling and Wilson Solar Ltd

9th Floor

Universal Majestic, P L Lokhande Marg,

Chembur (West), Mumbai 400 043



Phone: +91 22 2548 5300

Email:

Website: https://sterlingandwilson.com/



Sterling and Wilson IPO Registrar

Link Intime India Private Ltd

   Link Intime India Private Ltd

   C 101, 247 Park, L.B.S.Marg,

   Vikhroli (West), Mumbai - 400083



Phone: +91-22-4918 6270

Email: sterlingwilson.ipo@linkintime.co.in

Website: http://www.linkintime.co.in



Sterling and Wilson IPO Lead Manager(s)

Axis Capital Limited

Credit Suisse Securities (India) Private Limited

Deutsche Equities India Private Limited

ICICI Securities Limited

IIFL Holdings Limited

IndusInd Bank Limited

SBI Capital Markets Limited

Yes Securities (India) Limited



Conclusion / Investment Strategy

As the solar power sector is set for a boom globally and India is also gearing for spending in a big way, SWSL (being the largest solar EPC solution provider) is poised for bright prospects going forward. As the issue appears fully priced in the given market status, investors may consider investment for the long term.

Spandana Sphoorty IPO Date, Price, GMP, Review & Details

Spandana Sphoorty IPO Date, Price, GMP, Review & Details

Incorporated in 2003, Spandana Sphoorty Financial Ltd is a rural area focused NBFC-Microfinance Institution. Mrs Reddy is a founder, MD and promoter of the company. It is engaged in offering small-ticket unsecured loans to help the women in the low-income bracket in rural and urban areas. The company provides income generation loans, business loans and loans against gold jewellery.

Spandana has a presence across 15 states in India with 4,045 employees and 694 branch network. By offering the loan products to low-income households, the company is strengthening the socio-economic condition and improving their livelihoods.

The company has started working under CDR mechanism (Corporate Debt Restructuring) of the RBI to revive the business and restructure the borrowings in 2010. And, exited successfully in March 2017 with the help of Kangchenjunga Ltd and Kedaara AIF-1.

Before the 2010 crisis, the company had Rs 4,500 crore loan portfolio. The company started recovering and made the first profit in the year 2013-14. As of September 2018, Spandana had Rs 2,244 crore loan portfolio.

Company Products

1. Abhilasha (JLG Loans)

2. Shree Loans

3. Loans Against Property (LAP)

4. Gold Loans (Keertana)

5. Phinix Loans

6. Interim Loans

Competitive Strengths

1. Seasoned business model

2. Large employee base for a high degree of client engagement

3. Focus on a highly under-served market

4. Geographically diversified business operations

Company Promoters:

Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. 10 Lakhs)

31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15

Total Assets 48,980.37 37,642.47 19,286.22 20,998.95 23,524.69

Total Revenue 10,362.81 5,872.74 3,770.64 3,438.62 3,019.71

Profit After Tax 3,087.48 1,879.71 4,434.14 2,432.35 1,050.99

Objects of the Issue:

The Net Proceeds of the Fresh Issue are proposed to be utilised for:

1. Augmenting the capital base and 

2. General corporate purposes

Spandana Sphoorty IPO Details

Issue Open Aug 5, 2019 - Aug 7, 2019

Issue Type Book Built Issue IPO

Issue Size 14,046,056 Eq Shares of Rs 10 

(aggregating up to Rs 1,200.94 Cr)

Fresh Issue [.] Eq Shares of Rs 10 

(aggregating up to Rs 400.00 Cr)

Offer for Sale 9,356,725 Eq Shares of Rs 10 

(aggregating up to Rs [.] Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 853 - Rs 856 Per Equity Share

Market Lot 17 Shares

Min Order Quantity 17 Shares

Listing At BSE, NSE

Spandana Sphoorty IPO Tentative Date / Timetable

Bid/Offer Opens On Aug 5, 2019

Bid/Offer Closes On Aug 7, 2019

Finalization of Basis of Allotment Aug 14, 2019

Initiation of Refunds Aug 14, 2019

The credit of Shares to Demat Acct: Aug 16, 2019

IPO Shares Listing Date: Aug 19, 2019

Spandana Sphoorty IPO Promoter Holding

Pre Issue Share Holding 81.21%

Post Issue Share Holding

Company Contact Information

Spandana Sphoorty Financial Ltd

Plot No: 31 & 32,

Ramky Selenium Towers, Tower A, Ground Floor,

Financial District, Nanakramguda, Hyderabad 500 032

Phone: +91 40 4812 6666

Email: secretarial@spandanaindia.com

Website: http://www.spandanaindia.com/

Spandana Sphoorty IPO Registrar

Karvy Computershare Private Limited

   Karvy Registry House, 8-2-596, St. No. 1,

   Banjara Hills, Hyderabad - 500 034

   Andhra Pradesh, India

Phone: +91-40-23312454

Email: spandana.ipo@karvy.com

Website: https://karisma.karvy.com/

Spandana Sphoorty IPO Lead Manager(s)

Axis Capital Limited

ICICI Securities Limited

IIFL Holdings Limited

IndusInd Bank Limited

JM Financial Consultants Private Limited

Yes Securities (India) Limited

Conclusion / Investment Strategy

SSFL is the most efficient micro-finance company with a cost to income ratio of 25% and the industry-leading opex ratio of 4.6% for FY19. Its AUM posted 85% CAGR and PBT posted 222% CAGR in last two years with just 0.01% NPAs as on 31.03.19. SSFL offer appears cheap against its close peer CAGL. Considering these, investors may consider investment for the long term.

Wonder Fibromats IPO Date, Price, GMP, Review & Details

Wonder Fibromats IPO Date, Price, GMP, Review & Details

Incorporated in October 2009, Delhi based Wonder Fibromats imited is engaged in manufacturing, supplying, designing of motors, home appliances, energy-efficient fans and allied equipment. The company manufactures and supplies products to many well-known companies to distribute under their brand name. It also has an in-house quality management lab and professional R&D team to maintain quality and market requirements. Under the supervision of the quality check (QC) department, a client-satisfaction cell reviews the clients' complaints.

The main business of Wonder Fibromats is to manufacture exhaust, ceiling, pedestal and brushless DC (BLDC) fans in different attractive patterns, color and designs.Some of the products of the company also qualify for the quality standards of the Bureau of Indian Standards.Currently, the company has a manufacturing facility located at Raipur Industrial Area, Uttarakhand. It is also 

setting up a new manufacturing plant with the aim of 24,00,000 fans per annum production capacity in Hyderabad.

The competitive strengths of the company are:

1. Strong relationships with the customer base.

2. Quality assurance

3. Dedicated research and development team

4. Backward integration

Company Promoters:

Mr. Harsh Kumar Anand, Mr. Yogesh Anand and Mr. Yogesh Sahni are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Mar-19 31-Mar-18 31-Mar-17

Total Assets 13,038.37 12,588.64 6,675.75

Total Revenue 30,663.90 29,371.22 16,562.95

Profit After Tax 613.84 797.30 509.16

Objects of the Issue:

Objects of the Fresh Issue:

1. To finance the Expenditure towards Acquisition of Land, Site Development and Other Civil Work;

2. To Acquire the Plant & Machinery;

3. To part finance the requirement of Incremental Working Capital;

4. To meet General corporate purposes;

5. To meet the expenses of the Issue.

Wonder Fibromats IPO Details

Issue Open Jul 22, 2019 - Jul 29, 2019

Issue Type Fixed Price Issue IPO

Issue Size 2,224,000 Eq Shares of Rs 10 

(aggregating up to Rs 19.79 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 89 Per Equity Share

Market Lot 1600 Shares

Min Order Quantity 1600 Shares

Listing At NSE SME

Wonder Fibromats IPO Tentative Date / Timetable

Bid/Offer Opens On Jul 22, 2019

Bid/Offer Closes On Jul 29, 2019

Finalisation of Basis of Allotment Jul 29, 2019

Initiation of Refunds Jul 30, 2019

Credit of Shares to Demat Acct: Jul 31, 2019

IPO Shares Listing Date: Aug 1, 2019

Wonder Fibromats IPO Promoter Holding

Pre Issue Share Holding 97.75%

Post Issue Share Holding 71.79%

Company Contact Information

Wonder Fibromats Limited

45, Okhla Industrial Estate,

Phase-III,

New Delhi 110020

Phone: 011 66058952

Email: info@wonderfibromats.com

Website: http://wonderfibromats.com/

Wonder Fibromats IPO Registrar

Karvy Computershare Private Limited

   Karvy Registry House, 8-2-596, St. No. 1,

   Banjara Hills, Hyderabad - 500 034

   Andhra Pradesh, India

Phone: +91-40-23312454

Email: einward.ris@karvy.com

Website: https://karisma.karvy.com/

Wonder Fibromats IPO Lead Manager(s)

Navigant Corporate Advisors Ltd

Lead Manager Reports

Conclusion / Investment Strategy

The issue appears fully priced. Its comparison with brand leaders is just an eyewash. Considering major concerns listed here above, there is no harm in giving this issue a miss. (Avoid)

Shriram Transport Finance NCD July 2019 Public Issue Detail

Shriram Transport Finance NCD July 2019 Public Issue Detail

Incorporated in 1979, Shriram Transport Finance Company Ltd is a leading asset financing non-banking finance companies. The company caters to first-time buyers ("FTB") and small road transport operators ("SRTOs") in the organized sector in India. It provides financing for pre-owned commercial vehicles. In addition, it also provides finance for new commercial vehicles to commercial vehicle operators, thereby providing complete financing solutions to the road logistics industry in India.

The company is a part of the Shriram group of companies, which has a strong presence in financial services in India.

The company has a widespread network of branches across India. It has 1,213 branches across the country, including in most of the major commercial vehicle hubs. It is also building a strong presence in 862 rural centres with a view to increasing the market share in the pre-owned commercial vehicle market.

Shriram Transport has 23,819 employees on its payroll.

Shriram Transport Finance NCD July 2019 Detail

Issue Open Jul 17, 2019 - Aug 16, 2019

Security Name Shriram Transport Finance Company Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 300.00 Crores

Issue Size (Shelf) Rs 10,000.00 Crores

Issue Price Rs 1000 per NCD

Face Value Rs 1000 each NCD

Minimum Lot size 10 NCD

Market Lot 1 NCD

Listing At BSE, NSE

Credit Rating 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") and 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL")

Tenor Annual, Cumulative, and Monthly

Series

Series I to Series X

Payment Frequency 30 months/42 months/60 months/84 months

Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated

Category 1 (QIB) 0%

Category 2 (NII) 0%

Category 3 (HNI) 0%

Category 4 (RII) 0%

NCD's Offered

NCD's offered in each investor category:

Category ? NCD's Reserved

Category 1 (QIB) 300,000

Category 2 (NII) 300,000

Category 3 (HNI) 1,200,000

Category 4 (RII) 1,200,000

Total NCD's 3,000,000

Coupon Rates

Series I to Series VIII

Coupon rates for series 1 to 10

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10

Frequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually Annually Cumulative Cumulative Cumulative

Tenor 42 months 60 months 84 months 30 months 42 months 60 months 84 months 42 months 60 months 84 months

Coupon Rate 9.12% 9.22% 9.31% 9.30% 9.50% 9.60% 9.70% NA NA NA

Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000 1,374.75 1,582.25 1,912.80

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June

28, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 26, 2019 and 'IND AA+; Outlook Stable' by India Ratings

and Research Private Limited ("India Ratings") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 25, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings

indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters

The Promoter of the company is Shriram Capital Limited.

Objects of the Issue:

The Objects Of The Issue are-

1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of

existing borrowings of the Company; and

2. General corporate purposes.

Company Contact Information

Shriram Transport Finance Company Ltd

Mookambika Complex, 3rd Floor,

No. 4, Lady Desika Road,

Mylapore, Chennai, Tamil Nadu- 600004

Phone: +91 44 2499 0356

Email: stfcncd8comp@stfc.in

Website: http://www.stfc.in

Shriram Transport Finance NCD July 2019 Registrar

Integrated Registry Management Services Private Limited

   2 nd Floor,

   Ramakrishna Street, North Usman Road,

   T. Nagar, Chennai - 600 017

Phone: + 91 44 2814 0801 to 803

Email: stfcipo@integratedindia.in

Website: http://www.integratedindia.in/

Shriram Transport Finance NCD July 2019 Lead Manager(s)

A.K. Capital Services Limited

JM Financial Consultants Private Limited

SMC Capitals Limited

Lead Manager Reports

Lead Manager Performance Tracker

List of IPO's handled by a Lead Manager

Conclusion / Investment Strategy

Investors looking for steady regular income may consider investment in this AA/Stable rated NCD issue for long term. (Subscribe for long term)

Daily Stock Market-News 19-July-2019

Daily Stock Market-News 19-July-2019

Corporate News-

Indigo to soon respond to MCA on alleged violations of corporate governance and related-party transactionsBHEL gets Rs7.5bn order from NTPC-Railways JV

Colgate India appoints Mr. Ram Raghavan as new MD

Ultratech Cement to complete Century textiles' cement business unit merger by Sep'19

Airtel, Reliance Jio plan HUL tie-up for new consumer connect

Power demand grows by 7.4% YoY in Jun'19

SEBI proposes additional disclosures for auditor resignations

Management Speaks-

Ravneet Gill, MD & CEO, YES Bank, said the bank needs capital for growth and not to fix the balance sheet

Abidali Neemuchwala, CEO, Wipro, said the growth will be faster if macro environment with respect to trade tariff and Brexit eases

Latest Share Market News, Latest Share News, Latest Share Market Tips, Latest Share Market Videos, Latest Share Market News In Hindi, Latest Share Recommendations , Latest Stock Market News, Latest Stock Market Recommendations , Latest Stock Market News India, Latest Stock News India, Latest Stock Picks, Latest Stock Market Analysis  Market Watch, Latest Stock Market Videos

Daily Stock Market News 17 July 2019

Daily Stock Market News 17 July 2019

Corporate News-

Vedanta to invest USD 650 million in new oil blocks

Vehicles registration data indicates a continued slowdown in auto sales in Jun'19

Government invites proposals for deployment of EV charging infra under FAME-II

Cipla forms JV with Jiangsu Acebright for respiratory medicines in China 

Management Speaks-

Shyam Srinivasan, MD & CEO, Federal Bank, said retail loan growth continues to remain strong at 25%

Shashank Srivastava, Executive Director of Sales & Marketing, Maruti Suzuki, said the company is planning to launch electric vehicles in 2020 in phases

Avinash Kaul, CEO, TV18 Broadcast, said effective cost control measures resulted in higher profitability

Dinesh Nolkha, MD, Nitin Spinners, said the Indian cotton industry severely impacted by US-China trade tussle

Latest Share Market News, Latest Share News, Latest Share Market Tips, Latest Share Market Videos, Latest Share Market News In Hindi, Latest Share Recommendations , Latest Stock Market News, Latest Stock Market Recommendations , Latest Stock Market News India, Latest Stock News India, Latest Stock Picks, Latest Stock Market Analysis  Market Watch, Latest Stock Market Videos

Mirae Asset Midcap Fund

Mirae Asset Midcap Fund

Equity Fund - An open-ended equity scheme predominantly investing in mid-cap stocks

Aim to uncover the opportunities of the mid-cap segment

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity-related securities of mid-cap companies. From time to time, the fund manager may also participate in other Indian equities and equity-related securities for optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

INVESTMENT STYLE

Equity Fund - An open-ended equity scheme predominately investing in mid-cap stocksinvestmentInvest predominantly greater than 65% into Mid-Cap equity and equity related instruments 101st -250th company in terms of full market capitalization. The fund may also participate in other Indian equities based on factors like relative valuations, liquidity and market sentimentalism to build a portfolio of companies having robust business models which have the potential to grow into tomorrow’s large caps. Diversified portfolio with participation across sectors

The universe of stocks will comprise majorly of companies having robust business models, enjoying sustainable competitive advantages as compared to their competitors and have high return ratios.

The Fund Manager will endeavor to create a robust portfolio to avoid concentration risk and liquidity risk. The Fund Managers will monitor the trading volumes in a particular stock before investment to avoid liquidity risk.

FUND FACTS

TYPE

Equity Fund - An open-ended equity scheme predominately investing in mid-cap stocks

FUND MANAGER

Mr. Ankit Jain

ALLOTMENT DATE

29th July, 2019

BENCHMARK INDEX

Nifty Midcap 100 Index  TRI

MINIMUM INVESTMENT AMOUNT

Rs. 5,000/- and in multiples of Re. 1/- thereafter.

MINIMUM ADDITIONAL APPLICATION AMOUNT

Rs. 1,000/- per application and in multiples of Re. 1/- thereafter.

EXIT LOAD

If redeemed within 1 year 365 days from the date of allotment: 1%

If redeemed after 1 year 365 days from the date of allotment: NIL

PLANS AND OPTIONS AVAILABLE

Regular Plan and Direct Plan

Growth Option and Dividend Option  Payout & Re-investment

INVESTMENT HORIZON

Recommended Investment Horizon

3-5 years or more

INVESTMENT UNIVERSE alternative

Investments predominantly in mid cap companies 101st -250th company in terms of full market capitalization

SUITABLE INVESTMENT

wealth

Retirement

dream

Dream House

dream

Kids education

Mr. Ankit Jain

Mr. Ankit Jain has professional experience of more than 8 years and his primary responsibility includes Investment Analysis & Fund Management. He has been associated with the AMC since September 2015. He is a fund manager of Mirae Asset Great Consumer Fund and co-fund manager of Mirae Asset Emerging Bluechip Fund along with Mr. Neelesh Surana since January 31, 2019. He was previously associated with Equirus Securities Pvt Ltd. and Infosys Ltd.Mr. Jain is a Bachelor in Engineering from DAIICT, Gandhinagar and has done MBA in Finance from NMIMS University, 

Mumbai.

Mirae Asset Midcap Fund is suitable for investors who are seeking

- To generate long term capital appreciation/income.

- Investments predominantly in equity and equity-related securities of midcap companies

Investors are requested to consult their financial advisors before investing.

Baroda Equity Saving Fund

Baroda Equity Saving Fund

Baroda Equity Savings Fund is a hybrid mutual fund scheme, that invests in both debt and equity securities. The main purpose of this fund is to balance the risk-return characteristics of different asset classes by investing in equity, debt, and derivatives. Usage of derivatives reduces equity exposure and consequently protects investors from the volatility of returns. 

Advantages of investing in Baroda Equity Savings Fund

Diversified Asset Allocation – A combination of asset classes helps in optimizing returns & reducing volatility Proprietary Model – Portfolio construct based on Proprietary model which predicts the equity allocation using a multiparameter strategy

Monthly rebalancing – A disciplined monthly rebalancing approach, eliminates the human bias towards investing Tax efficiency - Gross exposure to equities & equity related instruments is maintained at 65 %, hence investments are eligible for equity taxation Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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Parag Parikh Long Term Equity Fund Review

Parag Parikh Long Term Equity Fund Review

Investors could avoid the new fund offer (NFO) of Parag Parikh Tax Saver Fund as they could look at existing schemes in the category with a track record, said financial planners. The new fund offer of Parag Parikh Tax Saving Fund, which is currently open, closes on July 18. 

The scheme will be benchmarked against Nifty 500 TRI. Rajeev Thakkar, Raunak Onkar, and Raj Mehta will manage the scheme. The fund house's only other equity scheme, Parag Parikh Long Term Equity Fund, which has the option to invest up to 35% in overseas markets, has outperformed its benchmarks. In the three-year 

period, the fund returned 13.71%, while in five years, it has earned 11.86%. It has, however, underperformed in the last one year giving 6.54% against the benchmark's gains of 7.74%. 

“Investors should stay away from NFOs unless there is something special not available in the open end fund universe. Opt for funds that have a certain size and track record, ”says Jignesh Shah, 

Founder, Capital Advisors. 

In tax-saving Equity Linked Savings Schemes, investors can get tax benefits up to ₹1.5 lakh under Section 80C of the Income Tax Act, with a lock-in period of three years.

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Will delay in monsoon affect your strategy of investment?

Will delay in monsoon affect your strategy of investment?

This year's low rainfall is estimated. By Wednesday, the rain was 37 percent lower than its long-term average. But analysts are not worried over this matter. He believes that the effect of less rain will not be so high that the Reserve Bank of India (RBI) has to reduce interest rates in August. 

However, due to weakness in rural areas, pressure on sectors related to consumption may be seen. If the government does not announce any relief in the upcoming budget, such a situation can come. Usually, by the middle of June, the monsoon reaches two-thirds of the country. On June 25 this year, it reached only half the count.

The sowing of kharif crops is a decline of 12.5 percent compared to year-on-year. This year's rainfall deficit has also gone up from 38 percent to 45 percent. In India, half of the foodgrain production and 5 percent of the GPD comes from Kharif crops. 

Kharif crop depends mainly on the monsoon. Good crop brings prosperity to the rural areas. This increases rural income and increases expenditure. However, brokerage firm UBS believes that good rainfall does not necessarily increase rural income. 

According to the Australian Meteorological Department, the impact of El Niño on the monsoon has reduced in India. Due to positive change in the Indian Ocean, monsoon will get support. UBS said, "If the monsoon rises fast, it will have a positive impact on the consumer-related sector and the entire market." 

The brokerage has expressed its hope that Nifty will reach 12,000 by the end of December. It said that the relationship between monsoon and inflation has been weak in recent times. Improvement in supply chain has improved domestic and global supply. 

The Consumer Price Index (CPI) or inflation rate is 46 per cent of the consumption of food items. But there is only 22 per cent impact on monsoon directly on the CPI. Analysts believe that the government has a large stock of foodgrains. Storage of wheat and rice is up to 4 times. 

Emphasis will be on the rural situation 

In the rural areas, there is a sluggish challenge in demand. According to Goldman Sachs, January-March quarter was the first time in the last 10 years, when revenues growth of 17 companies on its radar decreased. The brokerage believes that this trend will continue for the next two quarters because it will take time to show the effect of official steps. 

Prabhudas Liladhar said that in the coming 5 to 6 days the rain can reach many corners of the country. This will help to increase crop sowing and agricultural production. However, it has to be seen how the monsoon moves forward. It must also be seen how much rain is received in the next three months. It will also be important for Agrochem companies. 

Centrum Broking has expressed hope of providing relief from the government to rural India. Trading Bells co-founder and COO Partha Nyati said that FMCG shares can benefit from lower revenues in rural earnings, while more improvement will benefit auto companies. 

Stock Market, Market analysis, IPO, Market news,

SK International IPO Date, Price, GMP, Review & Details

SK International IPO Date, Price, GMP, Review & Details

Incorporated in 1991, Mumbai based SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.

Under Sand Kastle brand name, the company offers fashion accessories, holiday and beachwear wear garments for kids segment as well. The raw material for manufacturing garments with a variety of trims and fabrics is sourced from all over India. The company has its own design team to bring new finishes, fits, and styles. Other production facilities such as finishing, ironing, cutting, packing, sewing and quality control are also maintained by the company itself.

Most of the products of the company are manufactured in an in-house factory located at Virar (Palghar). The company works on make to order basis for fashion forecast from big brands in domestic and international markets.

Apart from this, the company also offers ethnic wears such as salwar kameez & dupattas for the domestic markets.

The competitive strengths of the company are:

1. Quality focused products

2. Strong relationships with customers and suppliers

3. Customer focused business model

Company Promoters:

Mr. Shrawankumar P. Sadh and Mr. Hitesh Shrawankumar Sadh are the promoters of the company.

Company Financials:

Summary of Financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Jan-19 12-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16

Total Assets 677.81 645.19 614.59 442.57 444.50

Total Revenue 379.49 422.24 844.24 805.87 888.28

Profit After Tax 17.52 21.48 153.01 33.82 10.58

Objects of the Issue:

The Objects of the Issue are:

A. To meet the working capital requirements of the company

B. General Corporate Purposes

C. To meet the Issue Expenses

SK International IPO Details

Issue Open Jun 28, 2019 - Jul 5, 2019

Issue Type Fixed Price Issue IPO

Issue Size 1,980,000 Eq Shares of Rs 10 

(aggregating up to Rs 3.96 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 20 Per Equity Share

Market Lot 6000 Shares

Min Order Quantity 6000 Shares

Listing At BSE SME

SK International IPO Promoter Holding

Pre Issue Share Holding 95.33%

Post Issue Share Holding 69.59%

SK International IPO Subscription Status (Bidding Detail)

SK International IPO how much subscribed?

Company Contact Information

SK International Export Limited

78, Ground, A2, Shah & Nahar Industrial Estate,

Sitaram Jadhav Marg, Lower Parel,

Mumbai - 400013, Maharashtra India

Phone: +91 022 6660 6450

Email: info@skinternational.in

Website: http://skinternational.in/

SK International IPO Registrar

Karvy Computershare Private Limited

   Karvy Registry House, 8-2-596, St. No. 1,

   Banjara Hills, Hyderabad - 500 034

   Andhra Pradesh, India

Phone: +91-40-23312454

Email: einward.ris@karvy.com

Website: https://karisma.karvy.com/

Conclusion / Investment Strategy

Currently, the textile segment is not fancied by investors. The issue is priced aggressively. SKIEL has shown average financial performance so far. There is no harm in giving this issue a miss.

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AB Infrabuild IPO Date, Price, GMP, Review & Details

AB Infrabuild IPO Date, Price, GMP, Review & Details

Incorporated in 2011, Mumbai based A B Infrabuild Limited is mainly engaged in providing Road Over Bridge (ROB ) and Foot Over Bridge (FOB) related services. The company also offers services in the area of new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, and new railway lines. It is also involved in building road contracts, Infrastructure, and steel grinder bridges. AB Infrabuild is a contractor with the PWD Maharashtra and the Municipal Corporation of Greater Mumbai. As a contractor, it has an AA grade for dealing with the creation of infrastructure and operating a ready-mix concrete plant. Shri Amit Bholanath Mishra is the promoter of the company with more than 20-years of experience in the field. 

AB Infrabuild IPO Date, Price, GMP, Review & Details

The major customers of the company are GCC Hotel Private Ltd, Sky Way Infrastructure Private Limited, Krypton Corp, Dev Engineers, Dedicated Freight Corridor Corporation of India Ltd., Central Railway, Mumbai Metropolitan Region Development Authority, Western Railway, Mumbai Railway Vikas Corporation Ltd, and Municipal Corporation of Greater Mumbai. The order book of the company consists of around 52% of the orders with Western Railway.

The competitive strengths of the company are:

1. Cost efficient and quality services.

2. A long-standing relationship with the clients.

3. New techniques 

4. Advanced machinery

Company Promoters:

Mr Amit Bholanath Mishra is the promoter of the company.

Company Financials:

Summary of Financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16

Total Assets 7,965.00 8,142.61 7,502.92 6,264.89

Total Revenue 4,011.04 6,053.05 7,344.47 7,452.76

Profit After Tax 270.36 314.66 15.86 32.63

Objects of the Issue:

The Objects of the Issue are:

1.) To meet the Working Capital Requirements

2.) General Corporate Purposes

AB Infrabuild IPO Details

Issue Open Jun 28, 2019 - Jul 3, 2019

Issue Type Fixed Price Issue IPO

Issue Size 4,428,000 Eq Shares of Rs 10 

(aggregating up to Rs 12.84 Cr)

Fresh Issue 4,428,000 Eq Shares of Rs 10 

(aggregating up to Rs 12.84 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 29 Per Equity Share

Market Lot 4000 Shares

Min Order Quantity 4000 Shares

Listing At NSE SME

AB Infrabuild IPO Tentative Date / Timetable

Bid/Offer Opens On Jun 28, 2019

Bid/Offer Closes On Jul 3, 2019

Finalization of Basis of Allotment Jul 9, 2019

Initiation of Refunds Jul 10, 2019

The credit of Shares to Demat Acct: Jul 10, 2019

IPO Shares Listing Date: Jul 11, 2019

AB Infrabuild IPO Promoter Holding

Pre Issue Share Holding 90.99%

Post Issue Share Holding 59.19%

Conclusion / Investment Strategy

With a focus on high margin railway contracts, the company is set for bright prospects ahead as Railway infra development is expected to be of high priority for the state of Maharashtra. Considering reasonable pricing and future prospects, Investors may consider parking of funds for long term.

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Alumilite IPO Date, Price, GMP, Review & Details

Alumilite IPO Date, Price, GMP, Review & Details

Incorporated in 1982, Alumilite Architectural Limited is an infrastructure facilitator offering engineering, installation, designing and fabrication services for the principal elevation of the buildings. The company work for hospitality industries, educational institutes, shopping complex, multistoried real estate projects, SEZ projects, 

public utility facilities, entertainment parks, and sports complex for corporate and government projects. With the changing architectural concept in India, the company is working towards providing low maintenance, light, and elegant products to meet the esthetics design and advanced technology requirements. The contracts of the company are built to order basis to make the products based on specifications and requirements of the customers. It also imports many accessories and raw materials to meet the high standard of products demanded by the clients. The manufacturing facility of Alumilite Architectural is located at Bhiwandi, Thane (Mumbai) to offer aluminum virgin, aluminum semi, and aluminum manufactured products made of aluminum and aluminum alloys. Apart from this, the company has its own vehicle to carry fabricated materials, transport glass and profiles without damage.

The competitive strength of the company are:

1. Strong customer base

2. Financial flexibility

3. Advanced technology

4. Experienced manpower and management team

Company Promoters:

Mr. Shivkrishna Harakhchand Damani and Mr. Varun Damani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16

Total Assets 7,246.79 6,543.09 6,186.12 5,174.76

Total Revenue 1,618.27 3,052.71 3,322.94 2,036.76

Profit After Tax 258.14 282.92 122.96 54.53

Objects of the Issue:

The Objects of the Issue is to raise funds for:

(a) Funding Working Capital Requirement;

(b) Repayment/pre-payment, in full or part, of unsecured loans availed by the Company; and

(c) Funding expenditure for General Corporate Purposes.

Alumilite IPO Details

Issue Open Jun 24, 2019 - Jun 28, 2019

Issue Type Fixed Price Issue IPO

Issue Size 3,828,000 Eq Shares of Rs 10 

(aggregating up to Rs 11.48 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 30 Per Equity Share

Market Lot 4000 Shares

Min Order Quantity 4000 Shares

Listing At NSE SME

Alumilite IPO Promoter Holding

Pre Issue Share Holding 100%

Post Issue Share Holding 64.97%

Alumilite IPO Subscription Status (Bidding Detail)

Alumilite IPO how much subscribed?

Company Contact Information

Alumilite Architectural Limited

5 th Floor, Dhiraj Chambers,

9 Hazarimal Somani Marg,

Mumbai - 400 001

Phone: +91 22 4092 4444

Email: cs.vaibhav@aa-pl.in

Website: http://www.aa-pl.in/

Bigshare Services Pvt Ltd

   1st Floor, Bharat Tin Works Building,

   Opp. Vasant Oasis,Makwana Road,

   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

Although the issue appears reasonably priced due to super profits earned in pre-IPO years, its sustainability raises concern. Cases against the company for tax matters valued at Rs. 15.5 cr. may have a severe impact if it goes against it. Considering these, cash surplus risk savvy investors may consider investment for long term at their own risk.

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KPR Agrochem IPO Date, Price, GMP, Review & Details

KPR Agrochem IPO Date, Price, GMP, Review & Details

Incorporated in 2007, Andhra Pradesh based KPR Agrochem Limited is engaged in manufacturing, retailing and distribution activities of agriculture output enhancing and crop yield protection products. The company offers a wide product range including crop nutrients, crop protection, veterinary feed supplements, sulphuric acid and variety of seeds. The company also manufactures sulphuric acid-based chemicals such as oleum and LABSA which are used in synthetic detergents, agrochemicals, pharmaceuticals, and veterinary feed supplement industries.Some of the branded products offered by the company are: FAST, MOTOX - 10G, SAMRAT ATRAZINE 50% WP, MEGA IMIDA, ABHAYA CAL MIX, APURVA SEEDS, AJAY (14-35-14) and AJAY (20-20-0).

The company has 9 depots at different locations for easy onnectivity with nearly 8000 dealers across India. KPR Agrochem also has a chain of Kisan Seva Kendras to directly connect to end customers. The company is a part of the K.P.R. group, which is involved in chemicals, agri-inputs, poultries and rice mills related business.

The company has three manufacturing units located at Balabhadrapuram (Godavari district), Biccavolu (Godavari district), and Koppal district (Karnataka). This agrochem firm also has a waste heat recovery plant at Biccavolu to generate power from the steam residue collected during sulphuric acid production. In addition, it also has a quality control laboratory at:

(i) Biccavolu facility, Andhra Pradesh

(ii) Balabhadrapuram facility, Andhra Pradesh

(iii) Warangal facility, Telangana

(iv) Koppal facility, Karnataka

The competitive strengths of the company are:

1 Wide range of agro-input products

2 Strong and rapidly growing distribution chain

3 Independent raw material sourcing capabilities 

4 Certified three manufacturing units

Company Promoters:

Papa Reddy Kovvuri, Venkata Mukunda Reddy Karri, Rajasekhar Reddy Kovvuri, Satyanarayana Reddy Kovvuri (S/O. Veeraraghava Reddy Kovvuri), Satyanarayana Reddy Kovvuri (S/O. Ramachandra Reddy Kovvuri) and Cresco Technology LLP are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13

Total Assets 8,497.14 8578.55 7,975.04 7,300.44 7,106.61 7347.28

Total Revenue 4247.17 5,564.84 5,529.20 5,738.27 5,929.47 5,621.31

Profit After Tax 203.01 218.27 234.62 270.47 270.17 142.19

Objects of the Issue:

The Company intends to utilize the Net Proceeds for the following objects ("Objects of the Issue"):

1. Repayment/prepayment, in full or part, of certain borrowings availed by the Company;

2. To meet additional working capital requirement of the Company;

3. General corporate purposes

KPR Agrochem IPO Details

Issue Open Jun 28, 2019 - Jul 2, 2019

Issue Type Book Built Issue IPO

Issue Size 46,426,229 Eq Shares of Rs 10 

(aggregating up to Rs 283.20 Cr)

Fresh Issue 34,426,229 Eq Shares of Rs 10 

(aggregating up to Rs 210.00 Cr)

Offer for Sale 12,000,000 Eq Shares of Rs 10 

(aggregating up to Rs 73.20 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 59 - Rs 61 Per Equity Share

Retail Discount 3

Employee Discount 3

Market Lot 200 Shares

Min Order Quantity 200 Shares

Listing At BSE, NSE

KPR Agrochem IPO Tentative Date / Timetable

Bid/Offer Opens On Jun 28, 2019

Bid/Offer Closes On Jul 2, 2019

Finalisation of Basis of Allotment Jul 5, 2019

Initiation of Refunds Jul 8, 2019

Credit of Shares to Demat Acct: Jul 9, 2019

IPO Shares Listing Date: Jul 10, 2019

Company Contact Information

K.P.R. Agrochem Limited

Door No. 8-256,

Tata Nagar, Balabhadrapuram-533 343

Andhra Pradesh, India

Phone: +91 8857 237 367/236 767

Email: ipo@kprgroup.net

Website: http://www.kpragrochem.com/

KPR Agrochem IPO Registrar

Karvy Computershare Private Limited

Karvy Registry House, 8-2-596, St. No. 1,

Banjara Hills, Hyderabad - 500 034

Andhra Pradesh, India

Phone: +91-40-23312454

Email: kpragrochem.ipo@karvy.com

Website: https://karisma.karvy.com/

Conclusion / Investment Strategy

KPRAL has nothing to do with listed KPR Mills or Sri KPR. The issue is fully priced based on its pre-IPO year's higher earnings. Major income is derived from the sale of fertilizers and insecticides. The southern region is witnessing water scarcity, which may dent KPRAG's business prospects. Their financial performance largely depends on monsoon behavior. Company has no plans for CapEx for the coming few years. Considering all these, there is no harm in giving this issue a miss.

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SBC Exports IPO Date, Price, GMP, Review & Details

SBC Exports IPO Date, Price, GMP, Review & Details

Incorporated in 2011, Uttar Pradesh based SBC Exports Limited is a trader of cushion covers, bedspreads, cotton quilts and handmade carpets in the Mirzapur. Initially, the company was only known for trading of good quality readymade apparels. Later, it had expanded its business in some other areas like tour & travels, manpower

supply and information technology services. The company also started trading of hosiery fabrics & hosiery garments for Ladies, Mens' and Kids' in Mirzapur. SBC Exports Ltd operates primarily in three key segments:-Online & offline Hotel / Travel / Vacation Bookings -IT Services & Manpower supply and -Textiles, Garments trading including Carpets The company has two manufacturing plants located at Mirzapur and Ghaziabad in Uttar Pradesh. A variety of products such as Jackets, trousers, leggings, denim, Tshirts, and sweatshirts etc. are sold by the company under SBC DESIGN+, IEDEE, and SBC F-ROUTE brand names. It also has an online selling website www.frouteclothing.com and mobile APP to sell products online.

The competitive strengths of the company are:

1. Manufacturing units located near to the source of the raw materials.

2. Innovative product designing services.

3. Varied product range

4. Quality assurance

5. Diversified business model

Company Promoters:

Mr. Dhirendra Kumar Gupta and Mrs. Deepika Gupta are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16

Total Assets 2938.66 1892.70 925.87 479.55

Total Revenue 5848.51 6399.45 2865.70 2115.76

Profit After Tax 69.37 82.97 32.84 6.58

Objects of the Issue:

Objects of the Fresh Issue are:

1. To part finance working capital requirements of the Company;

2. To meet General corporate purposes;

3. To meet the expenses of the Issue.

SBC Exports IPO Details

Issue Open Jun 24, 2019 - Jun 26, 2019

Issue Type Fixed Price Issue IPO

Issue Size 2,982,000 Eq Shares of Rs 10

(aggregating up to Rs 6.56 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 22 Per Equity Share

Market Lot 6000 Shares

Min Order Quantity 6000 Shares

Listing At BSE SME

SBC Exports IPO Tentative Date / Timetable

Bid/Offer Opens On Jun 24, 2019

Bid/Offer Closes On Jun 26, 2019

Finalisation of Basis of Allotment Jul 1, 2019

Initiation of Refunds Jul 2, 2019

Credit of Shares to Demat Acct: Jul 3, 2019

IPO Shares Listing Date: Jul 4, 2019

SBC Exports IPO Promoter Holding

Pre Issue Share Holding 92.91%

Post Issue Share Holding 66.73%

SBC Exports Limited

House No.-20, Lohiya Talab,

Choti Basahi, P.O. Vindhyachal Mirzapur,

Uttar Pradesh-231307

Phone: 0120-2895246

Email: info@sbcel.com

Website: http://sbcexportslimited.com

SBC Exports IPO Registrar

Bigshare Services Pvt Ltd 

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis,Makwana Road,

Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

Conclusion / Investment Strategy

Although the company has diverse activities, its major revenue comes from domestic markets. Issue pricing is aggressive. Peers comparison is grossly misleading. Investors may skip this issue.

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Earum IPO Date, Price, GMP, Review & Details

Earum IPO Date, Price, GMP, Review & Details

Incorporated in 2012, Ahmedabad-based Earum Pharmaceuticals Limited is engaged in trading, marketing, distribution of pharmaceutical formulation products. The company has 125 drugs formulation products including multivitamins, gynecology drugs, steroids, anti-biotic drugs, cerebral activator drugs, gastrointestinal drugs, etc. The company is also involved in the trading business of active pharmaceutical ingredients (API's) including Amoxicillin Trihydrate IP, Levofloxacin Hemihydrate IP, and Albendazole IP. Earum Pharmaceuticals is primarily engaged in two types of business activities; marketing of its own formulations products and trading of other brands' generic formulations. Currently, it has around 24 products which are manufactured by 3rd parties and marketed by the company under its brand name.It has a warehouse at Ahmedabad, Gujarat equipped with all amenities to process business operations smoothly. The company has a domestic and international presence across South East Asia, Latin America, and Africa. 

Future goals of Earum Pharmaceuticals Ltd are:

1. Make global presence more prominent

2. Enhance customer satisfaction by improving market skills

3. Deal in quality standard products

The competitive strengths of the company are:

1. Wide product range

2. The experienced promoter of 11+ years experience

3. Quality assurance

Company Promoters:

Mr. Bhumishth Narendrabhai Patel and Mrs. Payal Bhumishth Patel are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)

Particulars For the year/perio(d/d eefnadueltd.a s(pin) Rs. Lakhs)

31-Dec-18 31-Mar-18 31-Dec-17 31-Mar-16

Total Assets 2,741.00 2,052.88 1,108.45 878.71

Total Revenue 3,449.85 3,543.67 2,333.95 1,856.66

Profit After Tax 86.51 85.65 15.98 9.76

Objects of the Issue:

The company intends to utilize the proceeds of the Issue to meet the following objects:-

1. To meet Working Capital requirements

2. General Corporate Purpose

3. To meet issue expenses

Earum IPO Details

Issue Open Jun 21, 2019 - Jun 26, 2019

Issue Type Fixed Price Issue IPO

Issue Size 1,848,000 Eq Shares of Rs 10

(aggregating up to Rs 6.65 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 36 Per Equity Share

Market Lot 3000 Shares

Min Order Quantity 3000 Shares

Listing At BSE SME

Earum IPO Promoter Holding

Pre Issue Share Holding 100%

Post Issue Share Holding

Earum Pharmaceuticals Limited

G1, Ground Floor, V R Complex,

Near Sanathal Cross Road, SP Ring Road,

Sanathal, Ahmedabad, Gujarat-382210,

Phone: +91-79-48402525

Email: cs@earumpharma.com

Website: http://www.earumpharma.com

Bigshare Services Pvt Ltd 

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis,Makwana Road,

Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

Conclusion / Investment Strategy

EPL does not own manufacturing unit and is engaged in trading activities only. The issue is fully priced. Third-party contract business raises concern. Currently, the pharma sector is not fancied by investors. Merchant Banker has an average track record. Considering all these, investors may skip this issue.

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Parshva Enterprises IPO Date, Price, GMP, Review & Details

Parshva Enterprises IPO Date, Price, GMP, Review & Details

Incorporated in 2017, Mumbai-based Parshva Enterprises Limited is engaged in trading and wholesale business of cut & polished diamonds and gold jewelry. They buy and sell diamonds of different categories depending on fancy color, size, shape, and cut (princess-cut, heart-cut, etc.).The price of the diamond is decided based on the size and cut evaluation like poorly cut diamonds are sold at cheaper price whereas well-cut are at a premium price. They deal with natural diamonds and some of the diamonds are GIA certified as well. The company sells out diamonds to domestic clients only. In gold jewelry, Parshva Enterprises sells out gold necklaces, bangles, earrings, pendants, chains, and earrings which can be non-studded or studded with stones, diamonds, and pearls. Apart from this, the company also invest in real estate properties in Gujarat and Mumbai area and sells them for the trading gains. They are also involved in real estate broking business to deal with apartments and properties.

The competitive strengths of the company are:

1. Multiple product range

2. Good quality products

3. Market-specific products

Company Promoters:

Prashant A Vora is the promoter of the company.

Company Financials:

Summary of Financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)

31-Mar-19 31-Mar-18

Particulars For the year/period(d/d eefnadueltd.a s(pin) Rs. Lakhs)

Total Assets 357.93 205.41

Total Revenue 709.22 476.29

Profit After Tax 30.04 3.88

Objects of the Issue:

The objects of the Net Proceeds (as defined below) of the Issue are:

-Meeting Additional Working Capital Requirements

Parshva Enterprises IPO Details

Issue Open Jun 19, 2019 - Jun 21, 2019

Issue Type Fixed Price Issue IPO

Issue Size 810,000 Eq Shares of Rs 10

(aggregating up to Rs 3.65 Cr)

Face Value Rs 10 Per Equity Share

Issue Price Rs 45 Per Equity Share

Market Lot 3000 Shares

Min Order Quantity 3000 Shares

Listing At BSE SME

Parshva Enterprises IPO Tentative Date / Timetable

Bid/Offer Opens On Jun 19, 2019

Bid/Offer Closes On Jun 21, 2019

Finalization of Basis of Allotment Jun 27, 2019

Initiation of Refunds Jun 28, 2019

The credit of Shares to Demat Acct: Jun 28, 2019

IPO Shares Listing Date: Jul 1, 2019

Parshva Enterprises IPO Promoter Holding

Pre Issue Share Holding 100%

Post Issue Share Holding 73.09%

Company Contact Information

Parshva Enterprises Limited

811, A Wing, Jaswanti Allied Business Centre,

Ramchandra Lane Extn., Malad West,

Mumbai - 400064, Maharashtra, India

Phone: +91 22 4972 9700

Email: info@parshvaenterprises.co.in

Website: http://parshvaenterprises.co.in/

Parshva Enterprises IPO Registrar

Bigshare Services Pvt Ltd 

1st Floor, Bharat Tin Works Building,

Opp. Vasant Oasis, Makwana Road,

Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

Conclusion / Investment Strategy

PEL has just 21 months working records. The issue is priced very aggressively. Merchant Banker has an average track record.PEL operates in a highly competitive segment. Its current issue size may take a longer time for migration to the main board. Considering all these aspects, investors may skip this issue.

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Indiabulls Consumer NCD May 2019 Public Issue Detail

Indiabulls Consumer NCD May 2019 Public Issue Detail

Incorporated in 1994, Mumbai based Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking NBFC. The company is a 100% subsidiary of Indiabulls Ventures Limited. It also has a product called 'Indiabulls Dhani', acompletely online personal loan fulfilment offering. IBCFL also offers business loans to small and medium 

businesses. The company also offers online trading services. It has a client base of over 6 lacs customers. Thecompany has a dedicated sales team of over 900 individuals in more than 18 cities. It also marketsnon-discretionary wealth management products through its subsidiaries.

The competitive strengths of the company are:

1. Pan India presence

2. Strong brand recognition

3. Wide market reach

4. In-house loan monitoring and collections teams to monitor and check NPAs

Indiabulls Consumer NCD May 2019 Detail

Issue Open May 30, 2019 - Jun 21, 2019

Security Name Indiabulls Consumer Finance Limited

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 1,000.00 Crores

Issue Size (Shelf) Rs 3,000.00 Crores

Issue Price Rs 1000 per NCD

Face Value Rs 1000 each NCD

Minimum Lot size 10 NCD

Market Lot 1 NCD

Listing At BSE, NSE

Credit Rating CARE AA Stable by CARE and BWR AA+ by Brickwork Ratings

Tenor 400 days/ 24 months /36 months/ 60 monthsSeries Series I to Series IX Payment Frequency Monthly and Annual Basis of Allotment Priority Basis NCD Allocation Ratio NCD's allocated in each investor category: Category (/faq/who-can-apply-in-ncd-public-issue/544/) NCD's Allocated

Category 1 (QIB) 20%

Category 2 (NII) 20%

Category 3 (HNI) 30%

Category 4 (RII) 30%

Category NCD's Reserved

Category 1 (QIB) 200,000

Category 2 (NII) 200,000

Category 3 (HNI) 300,000

Category 4 (RII) 300,000

Total NCD's 1,000,000

Coupon Rates

Coupon rates for series 1 to 9

Series 1

Series

2 Series 3

Series

4

Series

5 Series 6

Series

7

Series

8 Ser

Frequency

of

Interest

Payment

NA Annually NA Monthly Annually NA Monthly Annually NA

Tenor 400 days 24

months

24

months

36

months

36

months

36

months

60

months

60

months

60

mon

Coupon

Rate

NA 10.27% NA 9.95% 10.41% NA 10.13% 10.61% NA

Amount

on

Maturity

??1,110.10 ??1,000 ??1,215.83 ??1,000 ??1,000 ??1,345.94 ??1,000 ??1,000 ??1,6

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced

as Double A; Outlook: Stable), for an amount of ??30,000 million by CARE Ratings Limited vide their

letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated

BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of ??30,000 million

by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19

dated January 4, 2019 and instruments with this rating are considered to have high degree of

safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters 

Indiabulls Ventures Limited is the promoter of the company.

Objects of the Issue:

The Company proposes to utilise the funds which are being raised through the Tranche II Issue,

after deducting the Tranche II Issue related expenses to the extent payable by the Company ("Net

Proceeds"), towards funding the following objects (collectively referred to herein as the "Objects"):

1. For the purpose of onward lending, financing, and for repayment of interest and principal of

existing borrowings of the Company; and

2. General corporate purposes.

Company Contact Information

Indiabulls Consumer Finance Limited

Indiabulls House,

Indiabulls Finance Centre, Senapati Bapat Marg,

Elphinstone Road, Mumbai 400 013

Phone: +91 22 6189 1000

Email: helpdesk@indiabulls.com

Website: http://www.indiabullsconsumerfinance.com/

Indiabulls Consumer NCD May 2019 Registrar

Karvy Computershare Private Limited 

Karvy Registry House, 8-2-596, St. No. 1,

Banjara Hills, Hyderabad - 500 034

Andhra Pradesh, India

Phone: +91-40-23312454

Email: icfl.ncd1@karvy.com

Website: https://karisma.karvy.com

Conclusion / Investment Strategy

Although these time coupon rates are little lower than its maiden offer of February 2019, Investors may consider

medium to long term investment in this lucrative offer (with AA/Stable rating) having attractive coupon rates.

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More than 100 TCS employees earn more than Rs 1 crore annually.

More than 100 TCS employees earn more than Rs 1 crore annually.

The number of employees at Tata Consultancy ServicesNSE 0.02 % whose annual compensation topped Rs 1 crore has crossed 100 in FY19, data accessed by ET shows. Nearly a quarter of these employees began their careers with the country’s largest IT company. 

In FY17, TCS had 91 crorepatis, which jumped to 103 in FY19, excluding the compensation of CEO Rajesh Gopinathan and 

COO NG Subramaniam. The data also excludes the salaries of executives based outside India. In comparison, InfosysNSE -0.30 % had over 60 employees earning salaries over Rs 1.02 crore. Unlike Infosys, TCS’ compensation does not include a stock component, which strips out a significant amount of variability. 

Debashis Ghosh, head of TCS’ life sciences, healthcare and public services business earned over Rs 4.7 crore; Krishnan Ramanujam, head of business and technology services, made more than Rs 4.1 crore, and K Krithivasan, head of the company’s banking, financial services and insurance business, earned over Rs 4.3 crore. K Ananth Krishnan, the company’s chief technology officer, earned more than Rs 3.5 crore. Pratik Pal, the former head of retail and consumer products, got over Rs 4.3 crore in compensation. Pal has since moved on to Tata Sons to work on the group’s digital initiatives, ET reported earlier. “The data above comprises salary, allowances, cash incentive, the monetary value of perquisites as per Income Tax Rules and company’s contribution to provident and superannuation fund,” the annexure to the director’s report said. TCS does not publish this in its annual report. The company did not respond to a request seeking comment. 

Interestingly, the oldest employee who earned a salary of over Rs 1 crore in FY19 was the 72-year-old Barindra Sanyal, who is vice president for finance. 

Analysts say part of the reason for TCS’ success has been the stability of its senior leadership and its ability to give people leadership roles without losing them to rivals. “For senior executives, TCS has a very good retention rate. They have created paths for career progression so that people don’t feel the need to leave the company and they also have a more decentralized leadership style,” an analyst with a Mumbai-based brokerage said. 

Last year, TCS rejigged its services units to give close to 200 senior executives control over the business to meet quarterly targets and freed up top management to meet longer-term goals. 

The CEO, presidents and executive vice presidents at the company focus on creating three- and five-year strategy plans, which could include plans to enter new markets and service areas focused on different customers. 

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