IPO or Initial Public Offering is a process where a private company starts to trade publicly in the stock market by issuing its shares for sale.Before issuing an IPO, a company is considered as private and as a private company, the growth is significant. Hence, to grow their business successfully, small companies decide to go public so that they can raise funds and expand their business operations.
In the year 2020, we saw some of the biggest stock IPOs such as Burger King, SBI Cards, Happiest Minds Technologies and Rossari Biotech, and in 2021, we are going to experience some of the biggest releases owing to the record high of Nifty and Sensex both. Investors are eagerly waiting for these SME IPOs as they can book a significant amount of profit once the lots are issued to them. Many investors keep an eye on the IPOs as they can get fast access to earn huge returns.
However, IPOs mainly target institutional investors as they have enough capital to invest than retail investors who invest in small amounts. Here, we found some of the companies that are likely or have already filed DRHP with SEBI to make themselves public from private. SEBI then approves the IPO for the companies after that they can go for the further IPO process. Here is a complete list of hottest IPOs that caught everyone’s attention:
Zomato is one of the popular hot stocks that everyone is seeking in 2021. The online food ordering company is all set to launch its first IPO this year that allows the company to raise $1.1 billion.
Company Background
Zomato is one of the leading food services companies in India. Initially started as a restaurant, the company was founded by two students Depinder Goyal and Pankaj Chaddah in 2008. It showed strong business performance and great potential as it transformed itself into a successful food delivery platform. As of 31 December 2020, the company’s availability is 526 cities in India with 350,174 active listings. In 2020, Zomato mobile food application is one of the most downloaded food delivery companies in the last three years since 2018 on the iOS app store and Google as per Annie’s. While it has footprints outside India as of 31 December 2020. It has successfully dealt with the losses during a pandemic and successfully managed to make its ground against its competitor Swiggy which dominates the market like Zomato. As of now, Swiggy holds 47% market share and Zomato holds 45% market share.
Zomato IPO Details
As per the news sources, Zomato Limited is thinking to raise Rs 8250 Crore through IPO. Zomato filed the DRHP with SEBI in April 2021. Here, the lead managers to issue are Citigroup Global Market India, Kotak Mahindra Capital Company Limited, Morgan Stanley India Limited.
Paytm is an Indian Digital Payment System and financial technology company. As per the sources, India’s biggest online payment and wallet giant has decided to raise a fund of $3 billion through fresh equity.
Company Background
Paytm is the fastest growing digital payment system that offers online use-cases such as mobile recharge, utility bill payments, event bookings at grocery stores and educational institutions with Paytm QR Code. As per the company valuation report, more than 21 million people across India use their QR code payment system to accept payment directly into their bank accounts.
Paytm IPO Details
Paytm’s competitors are Google pay and Phonepe that maintain a stronghold in the market. However, the company has reported a loss for FY 2021 and hence it goes for the IPO process. The current valuation of a Noida based company is at $16 billion. It is said that the company is all set to file a red herring prospectus to SEBI. As per the sources, an extraordinary general meeting will be held on 12 July 2021.
Company Background
Flipkart is one of the largest eCommerce companies after Amazon, headquartered in Bangalore, Karnataka. The company’s main product categories are consumer electronics, home essentials, fashion, groceries and lifestyle products. As of today, Flipkart has over 311 million registered users and over 151 million products in several categories. As eCommerce becomes more prominent during the pandemic, the company is looking forward to more revenues in the coming years.
Flipkart IPO
The Indian E-commerce company, which was bought by Walmart Inc, has finally decided to go public in the last year of FY21. The company’s objective is to raise a fund of about $1billion and is currently valued at $ 25 to $ 30 billion. Investing in Flipkart's share is a good bet for the investors as it will help them to gain excellent share trading returns in the coming years.
Company Background
Nykaa is India’s largest women-centric online marketplace with around 15 million registered users that caters to 1.5 million orders a month. Founded in 2012, the platform is specially designed to supply the beauty products and personal care segments which makes it different from other eCommerce sites such as Amazon and Flipkart.
Nykaa IPO Details
As per the report, beauty and fashion retailer Nykaa is expected to go public in 2022 with an estimated valuation of $ 4.5 billion. The expected size of Nykaa’s public offering listing is to be between $500 million and $ 700 million.Nykaa or the beauty retailer designated Morgan Stanley and Kotak Mahindra Capital co. as managers for its initial public offering (IPO).
Company Background
Nuvoco Vistas is considered the fifth-largest cement company in India and the largest cement company in terms of capacity. The company’s cement production capacity constituted 4.2% of the total capacity in India. As per the CRISIL report, Nuvoco Vistas is one of the leading ready mix concrete manufacturers in India. Nuvoco Vistas Cement plants are mainly located in Bihar, Odisha, Chhattisgarh, Haryana and Rajasthan. The RMX plants are located all across India.
Nuvoco Vistas IPO Details
Nuvoco Vistas is a reputed cement brand under the household Nirma. The issue size of the IPO is around 5000 crores, out of which Rs 1500 crore will be a fresh issue. The remaining is available for sale.
On March 13th, 2020 the Pharma index on National Stock Exchange made a low of 6242.85 since from that day the pharmaceutical stock has given a tremendous return. The pharma index made a high of 14282.90 an up move of 8040.05 points with almost 40% returns in 1 year and it has been assumed that the future outlook of the Indian Pharmaceutical industry will have a 3 times growth from till next decade. Indian domestic market is estimated to grow around US$ 41 billion by 2021 and may reach US$ 65 billion by 2024.These growth figures indicate that in long term the pharma sector can be a game-changer for the investors along with a great contribution to the countries economy. We are the major suppliers of generic medicines & drugs across the globe and with new PLI schemes and government intervention for 100% FDI the pharmaceutical industry will witness new growth ahead in the future. The contribution of around 1.72 % to the GDP of the country, makes a significant mark. Earlier it was only 1% in last decade. Lots of research& development programs, FDI inflow opens new avenues for the industry to grow further. The flow of $ 16.5 billion by FDI in April 2000-June 2020, due to 100% FDI is approval in greenfield projects via automatic route & 74 % FDI for brownfield projects. The efforts made by pharmaceutical companies to overcome the current Covid-19 crisis with the help of the Indian government show the robustness itself. We are the largest manufacturer of vaccines across the globe, and the fight against COVID-19 will not be successful without Indian vaccine manufacturers. We were the first to produce the vaccination for Covid-19.With this outperformance, many companies turned out to be multi-baggers for the investors.
The company manufactures a wide range of APIs for oral cephalosporins, beta-lactams formulation, Special nutraceuticals, etc. The company is also engaged in formulation development for various segments like anti-oxidants, oral anti-diabetics. The return given by the company is 25,770.64% in one year with 52 weekly low of Rs.17.15 & made a high of Rs.2654.25
The company engaged in the manufacturing of pharmaceutical formulations of Betalactum and Non-Betalactum productsThe return given by the company is 567.32% in one year with 52 weekly low of Rs.20.35 & made a high of Rs.233.55
The company engaged in the manufacturing and supplying of International Quality Formulations and Active Pharmaceutical Ingredients worldwide. The return given by the company is 562.09% in one year with 52 weekly low of Rs.27.05 & made a high of Rs.234
The company manufactures & markets drugs for domestic & international customers, Primarily engaged in the manufacturing of oncology products It includes anti-cancer tablets, Injections & lyophilized injections.The return given by the company is 520.00% in one year with 52 week low of Rs.47. & made a high of Rs.350.20
The company offers an integrated portfolio of API which includes intermediate, generic finished dosage forms and carries out contract research services. The return given by the company is 476.39% in one year with 52 weekly low of Rs.92.80. & made a high of Rs.544.95
The company engaged in the business of manufacturing of formulations Active Pharmaceutical Ingredient(API) and Contract Research and Manufacturing Services.The return given by the company is 425% in one year with 52 weekly low of Rs.19.05 & made a high of Rs.114.00
The Company is a leading manufacturer of active pharmaceutical ingredients & an end-to-end solution provider for the pharmaceutical industry.The return given by the company is 423.19% in one year with 52 weekly low of Rs.387.75 & made a high of Rs.2844.40
The company is pure play for API & engaged in the manufacturing & development of API. It also offers Contract Manufacturing & development services for foreign companies.The return given by the company is 215.97% in one year with 52 week low of Rs.516.35 & made a high of Rs. 1859.95
The company is one of the major pharmaceutical manufacturers in the country. It is engaged in the manufacturing of pharmaceuticals. It also operates in anti-diarrhoea, anti-inflammatory, and anti-biotic therapeutic segments.The return given by the company is 201.72% in one year with a 52 week low of Rs.227.75 & made a high of Rs. 1026.95
India is the biggest consumer of refined soybean oil and is one of the major importers of oil and oil complexes, contributing around 70% of which palm oil contributes around 80%. India is the third largest export destination for Malaysian palm oil. Over the months we have seen a huge surge in the prices of edible oil, and as per the government data, the retail prices of edible oil have risen over 62% in over a year adding woes to the consumers who are already suffering from the economic crisis induced by the COVID-19 pandemic.
Palm oil is edible oil which is extracted from the pulp of the fruit of oil palms. Commonly, it is combined or mixed with coconut oil to make highly saturated vegetable fat, which is also used for cooking purposes. Indonesia, Malaysia, Nigeria, and Columbia are the largest producers of CPO and even the major exporter of palm oil where as India is the net importer of CPO. Looking at the recent price changes in the CPO huge volatility has been noticed leading to the surge in its price and the reason for the same has been quoted as the bad weather in its producing countries because of that the output has also been lowered and also the shifting of edible oil from food to fuel basket. Adding to this, the continuous buying from China and export duties on CPO in Indonesia and Malaysia are also the key triggers for the rise in its price.
It is a vegetable oil extracted from the seeds of the soybean and is one of the most widely consumed cooking oil and the second most consumed vegetable oil. As per the Department of Consumer Affairs, there has been a rise in the price of edible oil between 20%-56% at all India levels within the last year. In fact, the monthly average retail prices of all six edible oils soared to an almost 11-year high on May 21 where already household incomes have been hit due to this pandemic. India meets 56% of its domestic demand through imports where the increase in domestic price of edible oil is just a reflection of international prices, which have jumped sharply in recent months due to various factors. Even the Food and Agriculture Organization (FAO) price index for vegetable oils, an indicator of movement of edible oil prices in the international market, soared to 162 in April 21, as compared to 81 in April 20.
After the huge surge in edible oil prices now we can see some cool-off as it is expected that China may reduce palm oil exports in 2021-22 which may result in reduced prices of palm oil as it is focusing on self-reliance on vegetable oil. On the other hand, we are expecting our government to lower import duties so that some drop can be seen in the prices of edible oil. Technically, we have seen some profit booking among most of the agricultural commodities on NCDEX as making the top such as Soybean, Rmseed and Refined Soy Oil. In the coming days refined soy oil may test the levels of 1330-1340 where as in soybean selling can be seen below 6800 as being the important support level.
Gold, a precious metal, has been an integral part of ancient India. For years, Gold has been considered a symbol of wealth, status and an important part of many Indian rituals. Thanks to the metal’s affluence and its usage, gold has shown a great shielding effect against uncertain market conditions i.e. pandemic.As the 2021 quarter comes to an end, gold hasn’t made a great hit. The precious metal has tumbled 19% from its last August and is back where it was in February last year before the pandemic hit the developed world. However, as the quarter-end and the pandemic began, the price of gold has subsequently increased. Gold’s price has suddenly increased and it touched an over a three-month peak on Tuesday as the investors have shown a great interest in the yellow metal. Another important cause behind the sudden rise of gold prices is the second wave of the pandemic, rising inflation, and a weekend US dollar that marks investors to make Gold a hedge option. Also, recently, it has been seen that the gold prices are rising with a decent amount and due to the occasion of Akshay Tritiya, the prices are further increased. The second wave of pandemic gold prices had faced a slight drop but post-Akshay Tritiya occasion, it is again in the spotlight. That means, the prices have recovered and experts say that it will cross the mark of 50000 in July 2021.Even though businesses are suffering and the economy is struggling to come to its normal pace, many people are perplexed as to why gold prices are rising during the weak condition of the economy. Below are the factors that influence gold prices to a greater extent: A lot of things has been said about the factors that influence financial markets, many investors are unaware of the rising prices of gold:
The demand and supply of gold play a crucial role in rising gold’s price. The inadequate availability of gold increases the demand for gold and hence the prices rise as well as the supply is limited.
Gold prices and interest rates are inversely proportional to each other. As interest rates decline, people don’t get good returns. Hence, people are required to split their deposits and buy gold which in turn increases the demand and the price.
RBI plays an important role in affecting gold prices. Indian’s government maintains gold reserves. By doing this, the Indian government can buy and sell gold through the Reserve bank of India. If they purchase or sell more gold, the prices would affect the gold.
Many people buy gold jewellery in India and hence the gold price rises during festivals and wedding seasons.
India’s contribution to global output is observed as less than 1%. Although the country is the second-largest consumer of gold, to meet its metal demand, India also imports a lot of gold from other countries.
The demand for gold rises during the festive and wedding seasons in India as many people wear gold jewelry on occasions. Such things increase the demand for gold which will eventually rise in its prices.
The sudden rise in gold prices makes many investors worried. They fail to recognize the real reasons for rising gold prices. Why are gold prices rising? At what time does the gold price rise? Can they invest in gold now or they have to wait for some months?
Since March 2020, many countries have adopted nationwide lockdown to prevent the spread of Covid 19 infections. It has helped several countries to minimize the spread of coronavirus among people, however, it also caused a lot of economic damage as all the production was closed and imports and exports were cancelled. To get rid of the tough times of the pandemic, people are finding gold as the safest instrument to invest.
When the lockdown had ended in June 2020, many people would think that the businesses would grow faster and the economy would soon recover. Hence, a large number of investors had started investing in high-quality stocks. However, as the myths of economic recovery have faded, people have started to invest in safer options. As a result, gold prices are rising day by day as the people see it as a natural shield or safeguard against inflation and economic instability.
Although increasing demand for gold prices indicates strong demand for gold jewelry, experts believe that the gold prices will reach up to 65000 per 10 gram in the upcoming years. The reason behind the rising demand for gold depends on a lot of factors such as low interest rates, liquidity and availability. Is it a good time to invest in gold? Well, the answer heavily depends on how you see the market. If you think that the economy will take a long time to recover and the interest rates will remain low for a long duration; investing in gold is considered a good option. However, if you think the economy will soon recover and the industries will receive a heavy boom, then you need to look for other investment options i.e. stocks.
As the gold prices are rising day by day, it catches investors' attention. As a result, many investors have started to invest in gold considering it as the safest instrument. However, it is also crucial to think of all the other investment options before making any decision. Hence, before jumping on board, please make sure that your investments flow parallelly with your portfolio, investment strategy and risk tolerance.
पिछले सप्ताह ब्रेंट कच्चे तेल के भाव अमेरिका-ईरान के बीच हो रही परमाणु डील की वार्ता के दौरान 70 डॉलर प्रति बैरल के स्तरों से टूट कर 65 डॉलर तक फिसल गए। घरेलु वायदा कच्चे तेल के भाव सप्ताह में 5 प्रतिशत तक टूट कर 4550 रुपये प्रति बैरल पर रहे। तेल की कीमतें मार्च के बाद से अपने सबसे बड़े साप्ताहिक गिरावट को दर्ज करने की कगार पर है। अमेरिका और ईरान 2015 के परमाणु समझौते को पुनर्जीवित करने के करीब हैं, जो ईरान के तेल, बैंकिंग और शिपिंग क्षेत्रों पर प्रतिबंध हटा सकता है, और इस प्रकार ईरानी कच्चे तेल की आपूर्ति को बढ़ावा दे सकता है।
उधर, ओपेक समूह ने इस महीने उत्पादन में 350,000 बैरल प्रति दिन की कटौती को कम करना शुरू कर दिया है। ओपेक सामूहिक तेल उत्पादन मई और जून दोनों में 350,000 बैरल प्रति दिन और जुलाई में 400,000 बैरल प्रति दिन से अधिक बढ़ाने के लिए तैयार है। इसके अतिरिक्त, सऊदी अरब भी अगले कुछ महीनों के दौरान धीरे-धीरे १० लाख बैरल प्रतिदिन की अतिरिक्त एकतरफा कटौती को कम करेगा, जिसकी शुरुआत मई और जून दोनों में मासिक उत्पादन में 250,000 बैरल प्रतिदिन की वृद्धि के साथ होगी। कुल मिलाकर, ओपेक के जुलाई तक बाजार में 21 लाख बैरल प्रतिदिन तक लौटने की उम्मीद है।
इस सप्ताह कच्चे तेल के भाव में मंदी रहने की संभावना है। ब्रेंट क्रूड ऑयल में 60 डॉलर पर सपोर्ट है और 71 डॉलर पर प्रतिरोध है। घरेलू वायदा क्रूड ऑइल में 4450 रुपये पर सपोर्ट है और 4900 रुपये पर प्रतिरोध है।
Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formulation
The company is engaged in the development of new chemical entities & new biological entities. Speciality Business: Drug Discovery, Primarily focused in the areas of inflammation, metabolic disorders, and pain. Speciality Business: Formulation Business, The formulation business focuses on therapeutic areas viz. Dermatology, anti-infective, respiratory, cardiac, diabetes, gynecology, CNS & oncology.
Sector: Textiles Industry: Textiles
The company is primarily engaged in the manufacturing and sales of knitwear. The company has an enduring brand image in the hosiery market. With the rapid growth that the company has been experiencing, in both sales and profits, constantly expanding and innovating products and production techniques while manufacturing an uncompromising stance on comfort.The company has operations in India & caters to both domestic and international markets.
Sector: Capital Goods-Non Electrical Equipment Industry: Abrasives and Grinding Wheels
The company pioneered the manufacture of Coated Abrasives & bonded abrasives in India in addition to the manufacture of Super Refractories, Electro Minerals, Industrial Ceramics & ceramic fibers. The Company's range of varieties of Abrasives, Ceramics, Refractory products & electro-minerals is manufactured across several locations in & outside the country.
Sector: Chemicals Industry: Fertilizers
Gujarat Narmada Valley Fertilizer& Chemical is one of India's Leading entities engaged in the manufacturing & selling of fertilizers, Industrial chemical products & providing IT services.
GNFC Fertilizers GNFC Chemical
दो सप्ताह से सीमित दायरे में चल रही कीमती धातुओं में अक्षय तृतीया पर कीमतों में सपोर्ट देखने को मिला है। सोने की कीमतों में पिछले सप्ताह निचले स्तरों से 300 रुपये प्रति दस ग्राम सुधर कर 47600 और चाँदी की कीमते 600 रुपये प्रति किलो सुधर कर 70700 पर रही है। अमेरिका और यूरोप में घटते कोवीड मामले के कारण अर्थव्यवस्था मे सुधार हो रहा है जिसके कारण मुद्रास्फीति में बढ़ोतरी देखि गई है। गुरुवार को जारी अमेरिकी वार्षिक कंस्यूमर प्राइस इंडेक्स के आंकड़े 2.6 प्रतिशत से बढ़कर 4.2 प्रतिशत पर पहुंच गए, जिससे सोने के भाव को सपोर्ट मिला है।मुद्रास्फीति में बढ़त के कारण डॉलर इंडेक्स में उछाल देखने को मिला लेकिन अमेरिकी फ़ेडरल रिज़र्व की तरफ से ब्याज दरों में समय से पहले कोई बदलाव नहीं करने के बयान पर डॉलर में दबाव बना रहा। तेज़ी से होते टीकाकरण और बड़े राहत पैकेज से अमेरिकी आर्थिक आकड़ो मे मजबूती देखि गई है। अमेरिकी फ़ेडरल रिज़र्व के अधिकारिओ द्वारा मुद्रास्फीति में बढ़ोतरी को अस्थाई बताया है और अर्थव्यवस्था मे वर्ष के अंत तक अच्छी मजबूती आने की सम्भावना व्यक्त की है।हालाँकि आर्थिक विकास आने वाले वर्षो मे सामान्य गति से ही बढ़ने के संकेत भी दिए है। बढ़ती मुद्रास्फीति पर फेड का शांत बने रहना कीमती धातुओं के भाव को सपोर्ट कर रहा है। लंदन मेटल एक्सचेंज में औद्योगिक धातुओं के भाव में अप्रत्याशित बढ़ोतरी होने के कारण अतिरिक्त मार्जिन लगाने से औद्योगिक धातुओं में गिरावट रही जिसके चलते चाँदी की कीमतों में भी दबाव रहा।
तकनीकी विश्लेषण
घरेलु वायदा बाजार में सोने के भाव 47000 रुपये के ऊपर बने रहने में कामयाब हुए है जिससे इसमें तेज़ी बने रहने की सम्भावना है। सोने में 46400 पर सपोर्ट है तथा 48000 रुपये पर प्रतिरोध है। चाँदी में भी तेज़ी रहने की सम्भावना है। इसमें 69000 रुपये पर सपोर्ट है और 73000 रुपये पर प्रतिरोध है।
The Ministry of Company Affairs (MCA) has asked market controller SEBI to fix the principles for the listing of new businesses. It has requested SEBI to pull out some of the concessions given in the listing to new companies.
SEBI has proposed to diminish this cutoff from 70% to 40 per cent. However, if the startup is not making a profit, it can also be listed on the mainboard, provided the institutional investors hold a 75 per cent stake in the company. However, many startups have been seeking relief in the institutional investors' stake of 75 percent.
However, the MCA became more lenient and made the limit to be up to 50 per cent, to which SEBI agreed. There was no reaction to messages shipped off SEBI and MCA in regards to this matter.
If you invest 20 thousand rupees in a scheme of a mutual fund. Its NAV is 200 rupees. In this case, you will get 100 units.
How 20,000 divided by 200 gives you 100. these units are a result of investing in the scheme. Now suppose that in a year the NAV rises from Rs 200 to Rs 300 and you decide to sell it. Now you will get 30,000 rupees.
MMC i.e. Asset Management Companies (mutual fund houses that run schemes) will now have to pay 20% of their fund managers' salaries in units of the same scheme.
Of which he is the fund manager. In such a situation, the funds of the fund managers would also be invested in those schemes. So the performance of the schemes can be improved. The salary of all the employees of the fund house will be paid similarly.
These units will be secured for a base time of three years and workers would not have the option to redeem such units. On account of infringement of a set of principles, misrepresentation, and gross carelessness, the units will be mauled back, and the redeemed sum will be credited to the plan.
The fund manager ensures that the investors keep getting good returns from the fund. The fund manager is also responsible for making the wrong decisions.
The fund manager trying to get higher returns by breaking the benchmark of its fund Suppose last year you got a return of 10 per cent, then the next year there is an attempt of 13 per cent. Also, the returns of the benchmark index i.e. Sensex-Nifty, Midcap, and Small-cap are compared with the returns of the fund.
SEBI has taken this choice. On the off chance that in a fiduciary business when senior staff has their investments it makes them oversee cash all the more capably. If something has turned out badly, it solidly falls on the shoulders of these folks so the fund managers who have the cash ought to oversee it with the full obligation.
In such a situation, the expectation of getting more investors will increase.
कीमती धातुओं के भाव मुनाफा वसूली के बाद फिर तेज़ हुए है। कॉमेक्स में सोना 1820 डॉलर प्रति औंस के ऊपर निकल चुका है। कॉमेक्स वायदा चांदी भी 2745 सेंट के स्तरों पर पहुंच गई है। पिछले सप्ताह घरेलु वायदा सोना 2 प्रतिशत तक तेज़ हुआ और इसके भाव 46800 रुपय प्रति दस ग्राम के स्तरों पर रहे। चाँदी के भाव भी सप्ताह मे 5 प्रतिशत तेज़ हो कर 71600 रुपये प्रति किलो पर रहे। कोरोना के बढ़ते मामलो के कारण प्रमुख अर्थव्यवस्थाओं से जारी राहत पैकेज से मुद्रास्फीति बढ़ने का अनुमान है। बढ़ती मुद्रास्फीति के कारण सुरक्षित निवेश की मांग बढ़ी है।
भारत में बढ़ते कोविड मामलों के कारण वैश्विक अर्थव्यवस्था चिंता में है जिससे डॉलर में गिरावट देखि गई है। डॉलर एक सप्ताह के निचले स्तर पर आ गया है और अमेरिकी 10-वर्षीय ट्रेजरी की उपज, सकारात्मक आर्थिक आंकड़ों होने से दो सप्ताह के निचले स्तर के करीब पहुंच गई है। अमेरिका द्वारा गुरुवार को जारी किए गए बेरोज़गारी आकड़ों के मुताबिक पिछले सप्ताह की तुलना में 498,000 प्रारंभिक बेरोजगार दावे दर्ज किए गए है, जो मार्च 2020 के बाद से सबसे कम संख्या है। अमेरिकी पैरोल के आंकड़े अनुमान से कमजोर दर्ज किये गए जिससे कीमती धातुओं के भाव ऊपरी स्तरों पर बने रहने में कामयाब हुए है।
इस सप्ताह कीमती धातुओं में तेज़ी रह सकती है। सोने मे 48500 रुपये पर प्रतिरोध है और 47500 रुपये पर सपोर्ट है। चाँदी में 73800 रुपये पर प्रतिरोध है तथा 70500 रुपये पर सपोर्ट है।
The second wave of coronavirus seems to be very dangerous as it has badly hit the Indian economy. With new cases rising every day, state governments immediately came into action and imposed strict restrictions to curb the resurgence.
Although the curb is weaker than last year's pandemic, it somehow has started to affect several business activities.
Like last, the second wave of COVID 19 would heavily impact India’s Gross Domestic Product (GDP) growth in the coming months.
If we talk about business activities and the economy then the Indian stock market is also not untouched by this.
However, pessimism hasn't come up with the equity trading market so far. If you look at the last two month’s data, you will get to know that the NIFTY50 gets down by only 7% from its all-time high of 15,431.75.
Then what's the reason behind the market afloat?
Despite the critical situation across the country, analysts point towards the two factors that still maintain complacency in the stock market.
Several traders and expert analysts said that the global peers are doing well and that's the reason the Indian stock market trading is also performing well.
In other words, Global equity markets in the US have been in a good condition which is the main reason behind the drifts of the Indian stock market, The S&P 500, Dow Jones index touched an up of 4,195 and 34,200, this month.
It clearly shows that global equity markets are performing outstanding well and that makes a positive rub off on Indian equity markets as well.
As of now, we have not experienced a major decline in Indian equities despite having one of the highest infection rates in India - said Mr Sanjay Mookim, Research Head, JP Morgan Chase.
Besides, the hindsight of Indian investors makes the equity market more stable than before. The second wave reminds them of the mistakes they made in last year’s pandemic.
Therefore, they clearly say, even if the index goes down, they also go up. Also, last year, many fund managers made a huge mistake by selling a majority of stocks, this year they wouldn't.
Also, we have seen the equity market has bounced back from its position and hence the aggressive selling has not been done by many people, this time, Majoom said.
Naveen Kulkarni, CEO at Axis Securities Ltd, stated that “Prior experience shows how the stock market made a massive comeback post last year’s pandemic and therefore we don’t expect investors to offload equities hugely this year. This is because as the vaccination picks up the pace, the curve will flatten.
When a nationwide lockdown was announced in March 2020, the Nify50 went down by 13%. After 1 year, shares have grown up by double or sometimes even thrice. A recent analysis done by Mint report, in Nifty500 index, the stocks have shown the growth of more than 50% than last year and 247 stock’s price goes up by more than 100%, which is unbelievable and beyond the expectations of Indian investors.
Besides, the positive factors by global markets, RBI also put its eye on the Indian stock market. The monetary policy members of RBI still get worried about the economic growth. They are not in a favor of complete lockdown in the country.
Experiencing the rising cases of Covid positive, FIIs have sold equities worth $934 million so far this month.
Analysts suggest that your portfolio along with asset allocation tells your gain and loss. If you put loads of equity stocks in your portfolio, then it can also be quite risky as the stock market is seeing a bit of a downward trend. Therefore, it is suggested to add some growth stocks to your portfolio as it will minimize your risks.
While the second wave of COVID poses challenges to the ongoing economic recovery, consumers and businesses have adapted to the new normal, and lockdowns are likely to be localised; hence, we do not expect this wave to derail the economy. Therefore, we don't expect any significant impact on aggregate earnings.
Amidst this second wave of the pandemic, some stocks are still performing exceptionally well. Here is a list of stocks to Bet Upon:
1. Divis Laboratories
Divis Laboratories is considered one of the leading manufacturers of Active Pharmaceutical ingredients (API) in the world. As per the reports, the company’s growth looks promising due to the diversification from China into other countries including India.
As many global players try to minimize the dependencies on China and prefer In dia, companies like Divis Laboratories remained well placed to capitalise on such opportunities.
Also, the company announced the construction of the Divis Unit-III Facility at Kakinada, East Godavari District, Andhra Pradesh.
2. CDSL
CDSL stands for Central Depository Service Limited. The company facilitates the transaction and holdings of securities in Demat form and settlement of trade which are executed on a stock exchange.
Other services include KYC services in respect of investors to capital market intermediaries, holding insurance policies in electronic form and other online services such as e-Locker, e-voting etc.
If we talk about the market share of CDSL, it has witnessed a massive growth from 14% in FY14 to 51% in FY2020 in the market share.
3. Dr. Reddy’s Laboratories
We can't ignore the performance of Dr Reddy’s Laboratories. Amidst the pandemic, the company has managed to generate revenue of Rs 4,930 Cr in FY21 which is up by 12%.
4. HDFC Bank
The bank’s strong fundamentals with good quarter to quarter growth makes HDFC one of the best choices among Indian retail investors. The company’s operating profit goes up by 22.83 per cent. Good revenues (up 29.10 %) and the approaching summer seasons are the good factors of this stock.
The company gave a strong performance, with its operating profit going up by 22.83% whereas the revenues (29.10%) and profit (22.35%) also showed a positive side.
Volta's growth in FY21 is also fascinating. Its operating profit (53.44% up), revenue (22.14% Up), gross profit (up 22.35%) and a reduction of interest expense make this stock is one of the highest-value stocks in the Indian stock market.
Last year we faced a pandemic that was very difficult to comprehend not just for individuals, but also for the overall economy.
Now, even if the second wave of a pandemic is still on the rise, the S&P BSE Midcap Index has outperformed the benchmark S&P BSE Sensex Index in the last five months since the end of 2019.
If we compare the performance of mid-cap stocks to last year, we will get to know that these companies had suffered a lot in 2019 but today, we don't see a major change in these stock’s prices.
In fact, the outperformance of India’s mid-cap stocks over their larger peers may take a deep breather, as per the new investors. In the fiscal year 2021, the BSE midcap index rose 91% as India’s market capitalization rose up to Rs91 trillion in a year and hence we can predict that the BSE Sensex Index has outperformed the Sensex post end of the pandemic; according to Bloomberg data.
Even the smaller stock of mid-cap companies has gained approximately 33% in a short period, which is more than double according to the set benchmark.
As the mid-cap stocks outperformed the large-cap stocks in 2020, this year the experts predict that these stocks may hit a pause because of the second surge of COVID 19 infections across the country.
Due to the sudden pandemic, many investors are seeking large-cap stocks, especially in Bank stocks. In the current situation, everyone wants to play safe and therefore, investors find large-cap stocks (primarily bank stocks) are the safest options to invest in.
Mid-cap stocks may take a pause for some time but the performance depends a lot on the pace of vaccination. Last week, the Indian government announced that the vaccines will be available for everyone ranging over the age of 18, applicable from May 1.
As of now, India has vaccinated over 13 crore vaccinated doses and by doing this, the country becomes one of the fastest nations to vaccinate many people within a short span of time.
Earlier, investors used to be attracted towards mid-cap stocks as these stocks were relatively cheaper than other stocks, but that’s not the condition anymore. Nowadays, large companies are better equipped to handle crises and therefore these stocks are becoming the top priority of investors.
Mid-cap companies in India are those who have a market capitalization of Rs 5k Crore and less than Rs 20k Crore. These companies come under the top 100 companies that are listed on the stock exchanges (BSE and NSE). If we compare mid-cap stocks with the small caps, you will find out that the mid-cap stocks come with a moderate risk as compared to small-cap stocks. The risks of these stocks are comparatively higher than large-cap stocks.
Another advantage of applying for mid-cap stocks is that these stocks offer an opportunity for growth and in future, these stocks perform well with outstanding returns than large-cap stocks.
Mid-cap stocks are mainly responsible for boosting up the market share and profitability.
According to the present situation, the markets are in rallied mode, and when such things happen, investors are generally inclined towards large-caps, however, after the crash of 2020, investors have started to channelize their portfolio into mid-cap and small-cap stocks.
The primary factor that worked in the favor of mid-cap stocks is its low-interest regime that has been controlled by the Reserve Bank of India. Because of the low-interest rates, the capacity of taking risk appetite increases, which makes investors invest more in mid-cap stocks than other stocks.
Experts see a strong connection between the midcap index and repo rates. High liquidity and moderate risks are the major factors that contribute to the mid-cap rally.
A brokerage house says, whenever there is a disturbance, it has been followed by outperformance in mid-cap and small-cap indices. The same trend has been noticed in 2009, 2016, and 2017. This year: in March 2021, the Midcap Index outperformed both the Nifty Small-Cap and Nifty 50 indices.
If we see the performance of the Nifty Midcap index over the others, then last year, the Nifty mid-cap index bounced back by over 70 percent post-pandemic. However, Smallcap indices gained 19% in 2020.
As the second wave of infections is still on the rise, the major indices of India Sensex and Nifty have seen some contraction this month. On April 20, Sensex fell 10 percent, after maintaining an all-time high of 52k levels in February. The Nifty has also gone down by 6% to 14,296 levels on April 20, after witnessing a peak of 15k levels.
Looking at the current scenario, investors are moving towards large-cap stocks considering it as the safest option to invest at this time.
However, the movement of investors toward large-cap stocks is temporary, they are doing this only because of market volatility. Once the market returns to its original pace, investors will prefer mid-cap stocks over long-term stocks.
The ease of availability of vaccines, and economic recovery are some of the factors that may decide the market way; which way the stock market will move in the future.
According to the credit rating agency, Moody, the second wave will definitely hurt the economy which may affect the country’s future growth, however, the agency has also stated that the economy will grow in the double digits after a few months.
If the second wave curbs quickly and the economic resurgence gets started then mid-cap stocks will become the investor’s first choice over large-cap stocks. In 2020, when the stock market fell, the market saw a big bull which extended up to 2021.
Due to the unpredictability of the stock market, mid-cap stocks too had an unbeaten run. Although the mid-cap market sees a slower pace in the market, they will rise once the market regains and all things come at a normal pace.
Two months ago, no one could have predicted that April would be the worst month of 2021 with an increasing number of COVID 19 infections among patients. The second wave of Covid 19 seems to be very fierce as it has already started slowing down the economic growth of the country while the inflation rate remains high.
Amid this uncertainty, Reserve Bank of India governor Shaktikanta Das on Thursday gave a positive statement regarding the economic activities held in the country.
He confidently said that the new wave of COVID 19 would not derail the economic journey. He maintained the RBI’s recent 10.5 percent growth forecast for the upcoming fiscal year (FY 2022). In other words, RBI Governor Shaktikanta Das has come up with an exclusive idea of keeping liquidity sufficient enough to rein in yield, preventing the currency from appreciating and inflation from going upside.
The governor’s assurance assumes significance amid apprehension about surging new COVID cases and resultant lockdown being clamped in many cities.
Many states along with the COVID hotspot state of India - Maharashtra that has marked a huge number of cases more than 50,000; are seeing a massive surge in pandemic infections, irritating the equity and bond market.
The worry is that most of these infections are caused by the strain that came this year but not the initial COVID 19 that killed over 1.5 lakh people in the country.
It may be noted that the RBI governor has given a 10.5% growth for FY 22 and the governor firmly believes that never sees a downward revision in 10.5% growth. He also does not believe that the complete lockdown will be held this year which the country witnessed last year.
When the developed markets are unleashing large fiscal stimuli, U.S. treasury yields are rising and commodity prices are going down.
The inflation rate for the Feb month was around 5 %, however, the core inflation rate in January was at 6%. Now, some economists say, there is a chance that the inflation rate could oscillate between 5.5% to 6%.
Fortunately, some helpful base effects are expected to hold down food prices.
The Indian economy somehow returned to its original track i.e. growth in the last quarter of the year 2020 and is expected to surge again by the end of March. However, with the rising Covid 19 infections, the sequential growth may drop thereafter.
As the cases are rising with strict state-wise restrictions, the country expects soft, steady growth in Q1 FY 22, financial experts said in one of her reports.
RBI clearly monitors the growth factor of the Indian economy, keeping the inflation rate in mind. According to Madhavi Arora, an economist at Emkay Global, RBI leaves no stone unturned in maintaining FY 22 growth.
Rising Covid infections lead to high inflation that even MPC will not be able to ignore the inflation effect. Retail inflation rose to 5.03% which is a three month high in February as food prices saw a modern bounce back. According to the MPC said in its last meeting, fundamental requirements such as food, fuel all have risen.
Maintaining retail inflation at 4% with a margin of 2% is a quite challenging task, especially in the current circumstances, said Govinda Rao, chief economic advisor at Brickwork ratings.
As the inflation rate is still moving upward, excess liquidity and volatility in crude oil prices could lead to upward risk, Rao further said. Once the current output gap narrows, surplus liquidity conditions could put pressure on prices, and the RBI will have to be vigilant.
At the last of the last MPC, RBI had decided to restore CRR (cash reserve ratio) in two phases. However, Governor Shaktikanta Das had assured to maintain the market liquidity despite restoring a huge amount of CRR. Also, he mentioned that a reversal of CRR cut will be given to central bank space to conduct larger bond purchases.
Rao further said, the RBI may likely drain excess liquidity. But given the higher government borrowings, which may put pressure on bond yields, the RBI may go slow in reversing its liquidity measures.
The RBI also all set to announce its first monetary policy in the first week of April. Also, high government borrowings at record high leads to soaring yields. Shaktikanta Das said, there is no fight between the central bank and the bond market.
The governor further assured, the RBI will ensure the bond purchases are of equal quantum. The RBI’s foreign exchange reserves are all its requirements.
The government took a new decision to privatize the state-run bank, he said the central bank is in continuous discussions with the RBI on the same. The centre always took into consideration the viewpoint of the regulator on such issues, he said.
Also, RBI is working on a central bank digital currency (CBDC). RBI’s stance on cryptocurrency has revealed that it will bring a new bill on cryptocurrencies.
It has been noticed that there are few practical operationalizations of CBDC which makes RBI more responsible while launching a safe and robust model. RBI further said that the UPI can act as the best medium for providing the best yet fast services for cross border payments.
Adding to this, Shaktikanta Das, further said the day is not too far when we (India) will experience cheaper, safer and faster cross border remittances, adding Rupay card which in future, will make a mark in the global financial landscape.
Needless to say, the second wave of infections badly threatens the economy which in turn increases inflation to a greater extent. Growth is clearly losing its momentum as many sectors fail to generate revenue in the upcoming months.
At this point in time where the second wave of COVID ruins almost everything, many investors are trying to save their money for future perspective. Therefore, many investors are seeking the best stock broking company which help them to grow business financially.
शुक्रवार को हुई ओपेक और नॉन ओपेक देशो की बैठक के कारण कच्चे तेल के भाव मे उठापटक देखि गई। ओपेक देशो के आश्वासनों से पहले क्रूड की कीमतें गुरुवार से अस्थिर रही, क्योंकि मांग बढ़ोतरी मे संदेह के बावजूद, मई से वैश्विक तेल उत्पादन बढ़ने की सहमति हुई है।
ओपेक और नॉन ओपेक देशो के सदस्य, दो-दिवसीय कॉन्फरेंस के माध्यम से बैठक करते हुए, मई और जून में प्रति दिन 350,000 बैरल और जुलाई में 400,000 बैरल प्रतिदिन उत्पादन बढ़ाने पर सहमत हुए है।
सऊदी अरब को कटौती के प्रति दिन 250,000 बैरल मई और जून में घटाने पर विचार करना था, ताकि बाजार को निरंतर समर्थन प्रदान किया जा सके। लेकिन इसने उस विचार को अन्य उत्पादकों के साथ आम सहमति पर पहुंचने के बाद समाप्त कर दिया कि उत्पादन मे बढ़ोतरी तेल मांग मे बढ़ोतरी के अनुरूप है। लगभग 2.5 मिलियन बैरल प्रति दिन, कई सप्ताह तक रुके रहने के बाद, अमेरिकी कच्चे तेल का निर्यात पिछले हफ्ते बढ़कर 3.2 लाख बैरल प्रति दिन हो गया है।
अमेरिकी तेल उत्पादन भी पिछले सप्ताह बढ़कर 11.1 लाख बैरल प्रतिदिन हो गया है। पिछले कुछ महीनों में संयुक्त राज्य अमेरिका के लिए 11 मिलियन बैरल या उससे कम का दैनिक उत्पादन मानक बना हुआ था। कॉमेक्स मे कच्चे तेल के भाव सप्ताह मे मामूली बढ़त के साथ 61 डॉलर तथा ब्रेंट कच्चा तेल 64.7 डॉलर और घरेलु कच्चे तेल की कीमते 4516 रुपये प्रति बैरल पर रही।
कच्चे तेल की कीमतों मे ऊपरी स्तरों पर दबाव रहने की सम्भावना है। इसमें 4670 रुपये पर प्रतिरोध तथा 4300 रुपय पर सपोर्ट है।
Incorporated in 1995, Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also developed commercial real estate.
The company’s large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), LodhaLuxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), LodhaBelmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road).
The affordable and mid-income housing developments accounted for Sales of Rs.3055 crores during the financial year 2020 and constituted 57.77% of our total residential sales.
IPO DateApr 7, 2021to Apr 9, 2021Issue TypeBook Built Issue IPOIssue Size51,440,328 Eq Shares of ₹10(aggregating up to ₹2,500.00 Cr)Fresh Issue5,14,40,329Eq SharesOffer for SaleNILFace ValueRs.10 per equity shareIPO PriceRs.483 to Rs.486 equity shareMin Order Quantity30Listing AtBSE, NSE
FY2018FY2019FY20209M FY2021Revenue13,726.611,979.912,561.03,160.5Expenses11,017.09,490.011,560.23,218.8Comprehensive income1,767.91,641.6732.5-264Margin (%)12.913.75.8-8.2
Lodha Group has been involved in the real estate business since 1995. Further, the Company is led by Abhishek M. Lodha, Managing Director and Chief Executive Officer. The company has a leadership team of experienced professionals with relevant functional expertise across different industries who are instrumental in implementing the business strategies.
The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. In addition to the ongoing and planned projects, as of 31 December 2020, the company has land reserves of approximately 3,803 acres for future development in the MMR, with the potential to develop approximately 322 million square feet of Developable Area.
The company has clocked sales of approximately INR 6,569 crores with gross collections of approximately INR 8,189 crores for FY 19-20. The company reported a total income of ₹3,160.49 crores for the period ended December compared with ₹9,357.35 crores a year ago. The net loss stood at ₹264.30 crores compared to a profit of ₹503.08 crores.
Their residential and commercial spaces are aimed at every segment, right from super luxury to budget, thereby enabling every aspiring consumer to fulfill their dream. The company’s brands include “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” for our affordable and mid-income housing projects. The “Lodha” and “Lodha Luxury” brands for premium and luxury housing projects, and the “iThink”, “LodhaExcelus” and “LodhaSupremus” brands for office spaces.
The company’s in-house sales team is supported by a distribution network of multiple channels across India as well as key non-resident Indian (“NRI”) markets, such as the Gulf Cooperation Council, United Kingdom, Singapore, and the United States.
The real estate market in India has grown at a CAGR of approximately 10 percent from $ 50 billion in 2008 to $120 billion in 2017 and is expected to further grow at a CAGR of 17.7% to reach $1 trillion by 2030. The real estate market contributed approximately 6 percent to India’s GDP in 2017 and is likely to contribute approximately 13% to India’s GDP by 2025.
Earnings Per Share (EPS): INR18.46Price/Earnings (PE ratio): 26Return of Net Worth (RONW): 17.8%Net Asset Value (NAV): INR103.86 per share
Macrotech Developers has a strong reputation in the Mumbai region with delivery of close to 10,000 homes annually. Has the ability to price at a premium which results in higher margins.
The listed peers are Brigade Enterprises Ltd, DLF Limited, Godrej Properties Ltd, Oberoi Realty Ltd, Prestige Estates Projects Ltd, Sobha Ltd, and Sunteck Realty Limited. Among these, only Sobah Ltd has the lowest P/E ratio of 15.12, while Godrej Properties Ltd has the highest P/E ratio of 135.51
मार्च के शुरुवाती महीने में निचले स्तरों से उछाल होने के बाद कीमती धातुओं के भाव मे दबाव बढ़ने लगा है। सोने में पिछले दो सप्ताह तक कीमते सकारात्मक रहने के बाद पिछले सप्ताह ऊपरी स्तरों पर दबाव बना और घरेलु वायदा सोने मे 500 रुपय प्रति दस ग्राम की मंदी देखि गई और कीमते 44500 रुपय के स्तरों पर रही। चांदी के भाव में ऊपरी स्तरों से 4900 रुपय प्रति किलो तक की साप्ताहिक मंदी देखि गई, लेकिन इसमें निचले स्तरों से सुधार भी आया और चांदी के भाव सप्ताह मे 2500 रुपय की मंदी रहने के साथ 65000 रुपय प्रति किलो के करीब कारोबार किया।
डॉलर इंडेक्स अपने निचले स्तरों से ऊपर बढ़ने की कोशिश मे दिखाई पड़ता है। जो सोने की कीमतों को आगे भी दबाव मे रख सकता है। बढ़ती हुई ट्रेज़री उपज ने भी सोने की कीमतों पर दबाव बनाया है। पिछले सप्ताह अमेरिका से जारी होने वाले बेरोज़गारी के दावे एक साल के निचले स्तरों पर पहुंच गए है। अमेरिकी तिमाही जीडीपी मे भी बढ़त दर्ज की गई है।
अर्थव्यवस्था मे सुधार से ट्रेज़री उपज में बढ़त होने से निवेशकों का रुझान बॉन्ड निवेश मे बढ़ा है जो डॉलर को सपोर्ट कर रहा है। उभरती अर्थव्यवस्थाओं की मुद्राओं मे रुपया डॉलर की अपेक्षा मजबूत हुआ है और एक साल की उचाई पर पहुंच गया है। सोने मे कस्टम ड्यूटी घटने के बाद, रुपये मे मजबूती आयात को सस्ता बना रहा है जिससे सोने की कीमतों मे दबाव है। सोने मे वर्तमान निचले स्तरों पर ज्वेलर्स की मांग बढ़ने की सम्भावना है।
इस सप्ताह सोने के भाव में दबाव बना रह सकता और अप्रैल वायदा सोने मे 43700 रुपये पर सपोर्ट है और 45200 रुपये पर प्रतिरोध है। चांदी में 63500 रुपये पर सपोर्ट तथा 68500 रुपये पर प्रतिरोध है।
Incorporated in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains (in terms of outlet count as of September 30, 2020) according to the Technopak Report, and International Barbeque Nation Restaurants. The company also owns and operates Toscano Restaurants and UBQ by Barbeque Nation Restaurant.
The first Barbeque Nation Restaurant was launched in 2006 by SHL, one of our Promoters. The company launched our first Barbeque Nation Restaurant in 2008 and subsequently acquired five Barbeque Nation Restaurants owned by SHL in 2012.
Barbeque Nation have steadily grown our owned and operated Barbeque Nation Restaurant network from a single restaurant in 2008 to 147 Barbeque Nation Restaurants (including opened, temporarily closed and under construction outlets) across 77 cities in India and six International Barbeque Nation Restaurants in three countries outside India as of December 31, 2020.
The company owns 61.35% of the equity share capital on a fully diluted basis of one of our Subsidiaries, Red Apple, which owns and operates nine restaurants under the brand name, “Toscano”, a casual dining Italian restaurant chain and operates one restaurant each under the brand names “La Terrace” and “Collage” respectively.
The first Toscano Restaurant commenced operations in June 2008 and, as of December 31, 2020, we operated eleven Italian Restaurants, nine of which are under the brand name “Toscano”, in three cities in India. In November 2018, Barbeque Nation launched UBQ by Barbeque Nation Restaurant to provide a la carte Indian cuisine in the value segment. At present, UBQ by Barbeque Nation Restaurant predominantly caters to the delivery segment.
Barbeque Nation Restaurants, compared to other fixed-price dining options, offer competitive attractions such as a wide range of vegetarian and non-vegetarian appetizers and main courses, a popular dessert menu, a pleasant and casual dining environment, and prompt service thereby making it a popular destination for celebrations. The company also periodically run popular food festivals at our Barbeque Nation Restaurants offering our guests a range of Indian, international and fusion cuisines.
IPO Details:
IPO Date March 24th, 2021 to March 26th, 2021Issue TypeBook Built Issue IPO Issue SizeRs 452.87 Crores Fresh IssueRs 275 crore Offer for Sale98,22,947 equity shares Face ValueRs.5 per equity share IPO PriceRs.499 to Rs.500 equity share Min Order Quantity30Listing At BSE, NSE
IPO Objective:
Financial Performance:
FY2018 FY2018 FY2019 FY2020 9M FY2021 Revenue 590.4742.5850.8236.6Expenses450.1593.2682.8224.0Comprehensive income-6.5-40.7-35.6-98.6Margin (%)-1.1-5.5-4.2-41.7
Tentative Time Table:
IPO Opens on 24 March 2021
IPO Closes on 26 March 2021
Basis of Allotment Date: Apr 5, 2021
Initiation of Refunds: Apr 5, 2021
The credit of Shares to Demat Account: Apr 6, 2021
IPO Listing Date: Apr 7, 2021
Outlook :
The Barbeque Nation IPO is coming at a time when the COVID-19 pandemic has made many restaurants unviable. Food orders can meaningfully increase and the share of trusted brands is bound to go up vs random mom-pop restaurants that may not be able to assure hygiene.
The restaurant chain has seen compounded annual growth of 14.29%. It has grown from ₹68.60 Crore in FY17 to 89.60 Crore in FY19.
The company is backed by private equity investor CX Partners and ace investor Rakesh Jhunjhunwala’s investment firm Alchemy Capital. Alchemy Capital bought about a 3.5% stake in Barbeque-Nation Hospitality for ₹90 Crore last year.
It also acquired a 61.35% stake in Red Apple Kitchen, which owns Toscano, a casual dining Italian restaurant chain that has ten outlets operating across Bengaluru and Chennai.
Earlier in December last year, Jubilant Foodworks, which operates fast-food chains Domino's Pizza and Dunkin' Donuts in India, had acquired a 10.76 percent equity stake into Barbeque-Nation Hospitality Ltd (BNHL) Rs 92 crore.
Barbeque Nation also launched UBQ through its existing kitchen infrastructure, in November 2018 to provide a la carte Indian cuisine in the value segment, which is also being availed by delivery across 71 cities in India.
The restaurant & hospitality sector, despite being amongst the worst hit due to COVID 19 has tremendous potential in a growing economy like India.
With the rise of nuclear families, changing habits, and increasing urban population with higher disposable income coupled with strong growth of food-related e-commerce platforms, a strong branded player like Barbeque Nation stands to gain in the future. IPO could attract a lot of interest among both retail & institutional investors leading to a strong listing.
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank (SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.
Suryoday Small Finance Bank Ltd commenced microfinance operations in 2009 and has since expanded operations across 13 states and union territories, as of December 31, 2020.
As of December 31, 2020, our customer base was 1.44 million and our employee base comprised 4,770 employees and operated 554 Banking Outlets including 153 Unbanked Rural Centres (“URCs”).
The company has set up 661 customer service points (“CSPs”) as additional service or touch points during April 1, 2020, and January 31, 2021, and intend to continue to expand our reach through the CSP model.
The delivery platform also includes partnering with business correspondents (“BCs”) for sourcing both asset and liability business and have expanded our network and presence through their reach to promote financial inclusion.
The company has arrangements with various payment banks in India and has been able to leverage our relationship with such payment banks to grow our deposit base.
The distribution network comprises ATMs, phone banking, mobile banking, tablet banking, unified payment interface (UPI), CSPs, and internet banking services. The company’s operations are predominantly in urban and semi-urban locations due to greater income earning capabilities and employment opportunities in such areas compared with rural regions.
Gross Loan Portfolio has grown at a CAGR of 46.98% from ₹ 17,177.84 million as of March 31, 2018, to ₹ 37,108.42 million as of March 31, 2020, and was ₹ 39,082.29 million as of December 31, 2020.
Deposits have grown at a CAGR of 94.95% from ₹ 7,495.22 million as of March 31, 2018, to ₹ 28,487.15 million as of March 31, 2020, and was ₹ 33,438.40 million as of December 31, 2020. As of December 31, 2020, retail deposits comprised 72.40% of our total deposits.
IPO Details:
IPO Date March 17th, 2021 to March 19th, 2021Issue Type Book Built Issue IPO Issue Size19,093,070 Eq Shares of ₹10(aggregating up to ₹582.34 Cr)Fresh Issue8,150,000 Eq Shares of ₹10(aggregating up to ₹248.58 Cr)Offer for Sale10,943,070 Eq Shares of ₹10(aggregating up to ₹333.76 Cr)Face Value Rs.10 per equity share IPO Price Rs. 303 to Rs. 305 equity share Min Order Quantity49Listing At BSE, NSE
IPO Objective:
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards:
Financial Performance:
ParticularsFor the year/period ended (₹ in Crores)31-Dec-2031-Mar-2031-Mar-1931-Mar-18Total Assets63,50.453,64.537,61.221,55.9Total Revenue6,89.8,54.15,97.03,24.9Profit After Tax54.81,11.190.311.4
Tentative Time Table:
Outlook :
Suryoday SFB is among the leading SFBs in India in terms of net interest margins, return on assets, yields, and deposit growth and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. Total assets show consistent growth.
Over the years, it has recorded a CAGR of 47.98%. This can be because of the fact that the gross loan portfolio of Suryoday has shown a CAGR of 46.98% over the past two years, from FY 2018 to FY 2020. The deposits, too, have shown a CAGR of 94.95%. From Rs. 749.52 crores in FY 2018, it has grown to Rs. 2,848.71 crores in FY 2020.
In fact, as of FY 2020, 54.44% of the total deposits came from the retail category. The net profit earned shows an overall increase, but in FY 2017 and FY 2018, the figures show a dip. The CAGR, in this case, is 47.05%. Over the past six years, the company has recorded a positive net cash flow from operating activities in only two years.
The rest of the year is characterized by the increasing negative value of net operating cash flow. This market is dominated by the top three small finance banks – AU, Equitas, and Ujjivan. Together, these three banks accounted for about 63% of the total assets under management in 2020.
Overall, there is significant growth expected in the near future. The deposit base of small finance banks increased by about 48% in FY 2020. A CAGR of 22% is predicted in the loan portfolio in this market. This growth is based on the fact that the Indian economy is focusing on the growth of the banking sector and financial inclusion. There is a significant market opportunity in the rural parts of the country.
Suryoday SFB is showing decent growth in both revenue and profit front whereas there is an improvement on the margin front as well. Over the period FY18-20, Gross Loan Portfolio, and Deposits have grown at a CAGR of 46.98% and 94.95% respectively.
If we talk about valuation then at the upper band the PE ratio works out to be around 23 while the PB ratio is around 2.3 which is in line with peers. This business has good growth potential amid a strong Indian economic growth outlook but it has its own systematic risks. Though valuation is not very lucrative by looking at strong growth in financials.
Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. The company offers a range of diversified gaming products across the Interactive gaming, eSports, and gamified early learning ecosystem across emerging markets i.e. India, Africa, South East Asia, Middle East, and Latin America.
It is one of the leading live eSports streaming and on-demand eSports media content providers in India. Carrom Clash and World Cricket Championships in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports, and Halaplay and Qunami are some of its offerings.
The business operates in different segments; Subscription-based business, Freemium Business, eSports, Gamified early learning, and Real money gaming. Subscription business focuses on mass mobile internet users comprising mainly first-time mobile gamers.
The company derives maximum revenue from subscription fees charged from customers under the gamified early learning and eSports business segments.
The company’s Product Portfolio comprises of three businesses:
IPO Details:
IPO Date March 17th, 2021 to March 19th, 2021 Issue Type Book Built Issue IPO Issue Size5,543,052 Eq Shares of Rs.4(aggregating up to Rs. 582.29 Cr)Fresh Issue NIL Offer for Sale5,543,052 Eq Shares of Rs. 4(aggregating up to Rs. 582.29 Cr)Face ValueRs.4 per equity share IPO PriceRs.1100 to Rs.1101 equity share Min Order Quantity13Listing At BSE, NSE
IPO Objective:
The company purposes to utilize funds towards the following objectives:
Financial Performance:
ParticularsFY18FY19FY201HFY21Total Assets470.76514.58776.83798.66Revenue172.00169.70247.50200.50Ebitda48.7016.30-5.506.10Ebitda margin (%)28.309.60-2.203.00Net profit2.7017.50-2.10-5.00Net profit margin: (%)1.5710.31-0.85-2.49
Tentative Time Table:
IPO Opens on :17 March 2021
IPO Closes on: 19 March 2021
Basis of Allotment Date: Mar 24, 2021
Initiation of Refunds: 24Mar, 2021
Credit of Shares to Demat Account: 25Mar, 2021
IPO Listing Date: 30 Mar 26, 2021
The digital gaming market worldwide has seen a paradigm shift in adoption and distribution as well as user behavior. The global games market generated revenue of $104.8 billion in 2016, up by 12.6% from 2015. Revenues will have potentially increased to $116.0 billion in 2017 and will continue to increase to $151.7 billion in 2021. Growth is expected to be driven from South-East Asia, the Middle East and India.
Eyeing the growth of the online gaming industry, the interaction with Smartphones and laptops of the youth and cheaper data prices, it is expected that the gaming industry is expected to reach new highs. Digital adverting is also expected to increase, which will help the tech gaming companies to do much better.
Gaming as a whole is a very big industry worldwide where Nazara Technologies is a leading India-based diversified gaming and sports media platform which has a strong brand name too.
Over the period of FY18-20, the revenues of the company have grown at a CAGR of 12.90% while net profit was on declining mode this was due to the new acquisitions made by the company. In FY19-20, Nazara Tech revenue has grown by 45% and it touched the revenue of 247 Crore. The margins of the company are expected to zoom from the current levels.
Nazara Technologies may even trade at a higher multiple as it is a pure-play in the digital world and which has the potential of more than 30% CAGR growth. Its expansion into freemium and e-sports business will surely help the company to do better in the near future.
Laxmi Organic is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in the large scale manufacturing of chemicals. Since its inception in 1989, it has been on a journey of transformation.
It initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market.
Laxmi Organic is the only manufacturer of diketene derivatives in India with a market share of approximately 55 % of the Indian diketene derivatives market in terms of revenue in Fiscal 2020 and one of the largest portfolios of diketene products. Its products are currently divided into two broad categories, namely the Acetyl Intermediates and Specialty Intermediates.
Alembic Pharmaceuticals Limited, Laurus Labs Limited, Granules India Limited, Hetero Labs Limited, Heubach Colour Private Limited, Hubergroup India Private Limited, Huhtamaki India Limited, Macleods Pharmaceuticals Private Limited, Suven Pharmaceuticals Limited, Colourtex Industries Private Limited, and UPL Limited are some of its customers.
The company has a global footprint with customers in 30 countries including but not restricted to China, Russia, Singapore, UAE, UK, USA, Netherland, etc. Currently, it has 2 manufacturing facilities in Mahad, Maharashtra for the manufacturing of AI and SI products. It is also proposing to set-up a new manufacturing facility at Lote Parshuram, Maharashtra to manufacture four speciality chemicals.
The products currently manufactured by us are divided into two categories, namely the Acetyl Intermediates and Specialty Intermediates.
Acetyl Intermediates:
The Acetyl Intermediates find application in inter alia the pharmaceuticals, agrochemicals, inks and paints, coatings, printing, packaging, and adhesives industries. Ethyl acetate is used in multiple industries as a solvent.
Speciality Intermediates:
Specialty Intermediates comprise more than 34 products which include ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Speciality Intermediates find application in inter alia the pharmaceuticals, agrochemicals, dyes and pigments.
RISKS RELATING TO BUSINESS
IPO DetailsIPO DateMarch 15th, 2021 to March 17th, 2021Issue TypeBook Built Issue IPOIssue Size45,15,38,46 Equity Shares of ₹2 (aggregating up to ₹600.00 Cr)Fresh Issue23,07,69,23 Equity Shares of ₹2 (aggregating up to ₹300.00 Cr)Offer for Sale23,07,69,23 Equity Shares of ₹2 (aggregating up to ₹300.00 Cr)Face ValueRs.2 per equity shareIPO Price RangeRs.129 to Rs.130 per equity shareMinimum Order Quantity115 sharesListing AtBSE, NSE
IPO Objective:
The company purposes to utilize funds towards the following objectives:
Financial Performance:
Laxmi Organic’s financial performance (in INR crore)Financial YearFY2018FY2019FY2020H1 FY2021Revenue1,396.11,574.31,538.6814.4Expenses1,282.81,476.31,483.5758.2Net income76.072.369.745.6Net margin: (%)5.44.64.55.6
Tentative Time Table:
Incorporated in 1989, Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI)
According to the Frost & Sullivan Report, given its expertise in the Acetyl Intermediates and the Specialty Intermediates segments, its entry into the fluorochemicals space will put it in a differentiated position from other chemical manufacturers.
Laxmi Organic has been the largest exporter of ethyl acetate from India in the six months ended September 30, 2020, and Fiscals 2020, 2019, and 2018 and one of the largest exporters of ethyl acetate to Europe from India since 2012.
For the six months ended September 30, 2020, and the Fiscals 2020, 2019, and 2018, its Company’s revenue from exports of manufactured products contributed 23.17%, 24.24%, 27.80%, and 22.18%, respectively, of its revenue from operations on a standalone basis.
The company has had stable revenue growth over the last three years though the company has not grown significantly over the same period, while we can see a decline in net profits too. The margins of the company have been stable varying between 4%-6%.
At the upper price band of Rs. 130 and EPS of Rs. 2.86, the PE works out to be 37.68 which is higher than the industry average of 21.70. However, their entry into a high margin business of specialty fluorochemicals though the IPO justifies the higher PE.
Eyeing the growth of the intermediaries industry and its growth globally we may expect the company to do well in the upcoming years. Laxmi Organic was the largest exporter of ethyl acetate from India in the six months ending September 2020. We may expect the company to do much better with the new acquisition.
Kalyan Jewellers is one of the largest jewellery companies in India based on revenue as of March 31, 2020. It started its jewellery business in 1993 with a single showroom in Thrissur, Kerala.
The key business activities of the company are to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions i.e. wedding, festivals, etc.
Initially, the company was started with a single showroom in Kerala, and over the years, it has expanded its presence with 107 showrooms located across 21 states and union territories in India.
It not just serves the domestic market but also serves overseas customers with 30 showrooms located in the Middle East. The company generates a significant portion of revenues from gold jewellery, accounted for 74.77% in fiscal 2020 followed by studded (diamond and precious stone) and other jewellery segments.
Kalyan Jewellers designs manufacture and sells a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily-wear jewellery.
The company design, manufacture and sell a wide range of jewellery products at varying price points for uses ranging from jewellery for special occasions such as weddings, which is our highest sold product category, to daily-wear jewellery.
IPO Details:
IPO Date March 16th, 2021 to March 18th, 2021Issue Type Book Built Issue IPO Issue Size135057471 Eq Shares of ₹10(aggregating up to ₹1,175.00 Cr)Fresh Issue91954023 Eq Shares of ₹10(aggregating up to ₹800.00 Cr)Offer for Sale43103448 Eq Shares of ₹10(aggregating up to ₹375.00 Cr)Face ValueRs.10 per equity share IPO PriceRs.86 to Rs.87 equity share Min Order Quantity 172 Listing At BSE, NSE
IPO Objective:
The company purposes to utilize funds towards the following objectives:
Financial Performance:
Kalyan Jewellers’ financial performance (in INR crore)FY2018FY2019FY20209M FY2021Revenue10,580.29,814.010,181.05,549.8Expenses10,366.49,793.19,960.15,608.9Net income140.9-4.8142.2-79.9Margin (%)1.30.01.4-1.4
Tentative Time Table:
IPO Opens on 16 March 2021
IPO Closes on 18 March 2021
Basis of Allotment Date: Mar 24, 2021
Initiation of Refunds: Mar 2021
Credit of Shares to Demat Account: Mar 2021
IPO Listing Date: Mar 26, 2021
Kalyan Jeweller is one of India’s largest jewellery companies with a pan-India presence. The hyperlocal strategy enables the company to cater to a wide range of geographies and customer segments.
In Fiscal 2020, 78.19% of its revenue was from India and 21.81% was from the Middle East. Over the same period, 74.77% of its revenue from operations was from the sale of gold jewellery, 23.36% was from the sale of studded jewellery (which includes diamonds and precious stones), and 1.87% was from the sale of other jewellery.
In fact, in Fiscal 2019, the revenue earned fell by over 9%. This was attributed due to an experimental strategy that the company adopted in that year. The questionable strategy was withdrawn after that year, and the revenue again increased by 3.58%. As the revenue from operations declined in FY 2019, this is also reflected by the net profit earned by the profit.
Another factor that can contribute to the dismal performance in FY 2019 is the severe floods that hit the southern part of India during this time. Owing to this, the demand for gold jewellery was affected.
The total assets owned by the company has shown a CAGR of 5.02% between 2017 and 2020. One positive fact to note here is that the long-term debt of Kalyan Jewellers has shown a consistent decline over the years.
As for India, expenditure on jewellery is one of the top constituents of retail consumption. In 2020, the amount spent on jewellery amounted to Rs. 449 thousand crores. This is expected to grow to Rs. 633 thousand crores by 2025 which will surely benefit the company in the long run.
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