Tag: Indian Market

The company filed papers in April seeking regulatory approval for the Rs. 7,875 crore IPO, the year’s most anticipated public offering.

The approval comes after one of the company’s largest shareholders, Info Edge India, decided to reduce its offer for sale (OFS) in the IPO to Rs. 375 crore from Rs. 750 crore previously.

Info Edge India Ltd., one of Zomato’s early investors, will sell its stake in the company in the upcoming IPO for Rs750 crore.

Zomato will raise Rs. 7,500 crore from the public offering through the issuance of new equity shares. The proceeds will be used to fund organic and inorganic growth opportunities worth over Rs. 5,500 crore by the company.

The much-awaited initial public offer (IPO) of online food delivery and restaurant discovery platform Zomato is expected to open for subscription on July 19 at a price band of Rs 70-72 per share, said people with direct knowledge of the development. The offer size will likely be as much as Rs 9,375 crore at this price.

Revenue

Zomato reported revenue of Rs 2,743 crore in FY20, a 463 percent increase from revenue of Rs 487 crore in FY18. Its revenue was Rs 1,368 crore in the nine months ending December 31, 2020. In FY18, FY19, FY20, and the nine months ended December 31, 2020, the company reported losses of Rs 106.9 crore, Rs 1,010 crore, Rs 2,385.6 crore, and Rs 682 crore, respectively.

Company Profile

Zomato is an Indian multinational restaurant aggregator and food delivery companyfound in 2008. Zomato provides online information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.

(Source: The Economic Times)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

The cut in size indicates that Info Edge is confidence in the future of the company and wants to keep more of the company it bought for a low price. Many analysts and foreign investors are likewise optimistic about the situation. Zomato’s much-anticipated initial public offering is set to take place later this month. The date, on the other hand, remains unclear.

The stock is trading at Rs 80 a share in the grey market, or the unofficial market for unlisted shares, about 15% more than the projected IPO price of Rs 70. Zomato’s shares were sold at Rs 55-60 in the most recent round of investment.

If traders’ predictions are correct and Zomato offers its shares for Rs 70, Info Edge will profit 60 times its initial stake. According to the DRHP, the business led by Sanjeev Bikhchandani purchased around 18.55 % at an average cost of Rs 1.16 per share.

Source: economic times

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Subscription

Rs 800 crore IPO was subscribed 29.04 times between June 23 and 25. The shares reserved for non-institutional investors (NIIs) were subscribed 51.88 times, while the quota reserved for qualified institutional buyers (QIBs) was subscribed 42.95 times. The retail quota was subscribed to 11.3 times.

According to a corporate news release, India Pesticides is the only Indian manufacturer of five technicals and is among the world’s leading producers of captan, folpet, and thiocarbamate herbicides in terms of manufacturing capacity.

The agrochemical stock had a P/E of 24.5 times and an EV/Ebitda of 18.2 times at the time of issuance. From a long-term perspective, Motilal Oswal Securities, Prabhudas Lilladher, Antique Stock Broking, Anand Rathi, Angel Broking, and ICICI Direct all gave the issue “subscribe” ratings.

Analysts View

The corporation has a 34 percent return on equity (ROE) and a 45 percent return on capital employed (ROCE), respectively. Angel Broking had predicted a 15-25 percent increase in listing gains. Short-term investors were urged to book profits at Rs 350.

Registrations and Licences

India Pesticides now has two manufacturing plants in Uttar Pradesh, one in Lucknow and the other in Hardoi. The combined capacity of the two plants is 19,500 mt for technicals and 6,500 mt for formulations verticals. For sale in India, the company has registrations and licences for 22 agrochemical technicals and 125 formulations, as well as 27 agrochemical technicals and 35 formulations for export.

Source: Economic times

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

This follows the initial public offerings (IPOs) of five companies last month: Shyam Metalics and Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy, and Indian Pesticides. These companies raised a total of Rs 9,923 crore through public offerings.

Clean Science and Technology and GR Infraprojects’ three-day initial public offerings (IPOs) will begin on July 7 and end on July 9. The bidding for key investors will begin on July 6, according to data from exchanges.

Through IPOs, the two companies would raise a total of Rs 2,510 crore. The firms’ shares will be traded on the BSE and the NSE.The Rs 1,546.62-crore IPO of Clean Science and Technology is wholly an offer for sale (OFS) by current owners and other shareholders.

For its initial public offering, a speciality chemical producer has set a price range of Rs 880-900 per share. Functionally essential speciality chemicals, such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals, are manufactured by Clean Science Technology. Customers employ its goods as crucial starting materials, inhibitors, or additives in their products.

The public offering of GR Infraprojects will be a full OFS of 1,15,08,704 equity shares by promoters and investor selling stockholders. Employee reservations are also included in the package. The IPO of GR Infraprojects, which has set a price range of Rs 828-837 per share, is expected to raise Rs 963.28 crore at the top end of the pricing range.

Source: Economic times

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Bids for 38,80,64,950 shares were received, that was 45.62 times the offer size of 85,07,569 shares. The shares reserved for non-institutional investors were subscribed 73.26 times, while the quota reserved for qualified institutional buyers (QIBs) was subscribed 84.88 times. Retail individual investors (RIIs) received 11.33 times the number of shares offered.

Dodla Dairy Capacity

As of March 31, 2021, the dairy owner purchased an average of 1.03 million litres of raw milk per day (MLPD). It operates 13 production plants with a total installed capacity of 1.70 million metric tonnes per day. In addition, it operates two skimmed milk powder (SMP) facilities in Nellore and Vedasandur, with installed capacities of 15,000 and 10,000 kg per day, separately.

Dodla’s revenues increased by 16 percent yearly and its Ebitda increased by 12 percent annually between FY18 and FY20. During the same time period, profit after tax (PAT) declined by 6% yearly. In the first nine months of FY20, value products accounted for 24.68 percent of total sales, down from 27.18 percent in FY20.

Analyst View

However, the Ebitda margin for the nine-month period increased to 14.6% from 6.7% in FY20. Analysts predicted that the corporation would struggle to maintain such strong margins, which were achieved through cost-cutting initiatives. The management has also advocated for a return to normal margins.

Source: Economictimes

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

The National Thermal Power Corporation (NTPC) plans to build 60 GW of renewable energy capacity.By 2032, the country’s largest power generator wants to reduce its net energy efficiency by 10%.

NTPC Chairman and Managing Director  Gurdeep Singh at the virtual BloombergNEF Summit:-

We should not concentrate our efforts solely on one method of generating financing. We intend to go public with our fundraising efforts as soon as possible. Singh was speaking about obtaining funding for NTPC’s ambitious renewable energy objective, stressing that the business would add 7-8 GW of RE each year, which he said would not be a difficult undertaking. He exuded confidence that NTPC would surpass its aim of 60GW of renewable energy by 2032.

He also mentioned that blended finance might be utilised to fund the capacity expansion, as well as building assets and enlisting the help of other investors to accomplish green energy ambitions. In October of last year, state-owned NTPC formed NTPC Renewable Energy Ltd, a wholly-owned subsidiary for its renewable energy sector.

Company Profile

NTPC Ltd is an Indian state-owned electric utility company. It is the largest power producer in India and supplies a significant amount of the nation’s total needs. The company primarily generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a significant amount of revenue through its consultancy wing, which provides engineering and project management services to the utility industry. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.

Source: – Economictimes

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

According to a Sebi update issued on Monday, Exxaro Tiles, which filed preliminary IPO papers with the regulator in March, has received the regulator’s comments. The Sebi’s comments are required for public offerings such as initial public offerings (IPOs), follow-on public offerings (FPOs), and rights issues.
According to the DRHP, the Gujarat-based business may seek a pre-IPO sale of up to 22 lakh equity shares for cash consideration in conjunction with the merchant banker. The pre-IPO transaction will result in a reduction in the volume of equity shares issued compared to the new issuance.
The company expects to raise Rs 150-160 crore from the IPO, according to market sources. The funds from the new issue will be used to repay or prepay debt, support working capital needs, and for other general company reasons.
About Exxaro
Exxaro Tiles, founded by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel, and Kirankumar Patel, specialises in the production and distributing of vitrified tiles, which are primarily utilised for flooring solutions in the domestic and industrial sectors. It presently has a dealer network of approximately 2,000 people spread over 27 states.

Source:- Economictimes

General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.