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Kronox Lab Sciences IPO: Things to Consider Before Applying
Kronox Lab Sciences IPO is open for subscription starting Monday, June 3, 2024, and closing on Wednesday, June 5, 2024. The price is decided at Rs 129 to Rs 136 per share. The minimum lot size for the retail category is 110 shares. The minimum lot size for small NII is 14 lots consisting of 1,540 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 7,370 shares. The minimum investment required for retail category investors is Rs 14,805 (136 x 110 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,440 (315 x 1,540 shares); for big non-institutional investors, it is Rs 10,02,320 (351 x 7,370 shares). Kronox Lab Sciences IPO is a book-built issue of Rs 130.15 crores. This issue is entirely an offer-for-sale of 0.96 crore equity shares. The allotment for this IPO is expected to be finalised on Thursday, June 6, 2024. Kronox Lab Sciences Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Monday, June 10, 2024. The book-running lead managers of Kronox Lab Sciences Limited are Pantomath Capital Advisors. The registrar for this new IPO is Kfin Technologies Limited.
About Kronox Lab Sciences Limited
Kronox Lab Sciences, incorporated in 2008, manufactures high-quality fine chemicals for diverse and end-user industries. The company’s chemicals are used in various applications, such as manufacturing APIs, pharmaceutical formulation, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products. Kronox offers over 185 products, including phosphate, sulphate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. The company exports its products to countries such as the United States, Argentina, Mexico, Australia, Egypt, Spain, Turkey, UK, UAE and China. Kronox had three manufacturing facilities in Vadodara, Gujarat near to the seaports of Mundra, Kandla, Hazira and Nhava Sheva. The company is conducting research and development on 122 products. As of December 2023, the company had 212 employees at various levels.
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Adani in Talk with Vijay Shekhar Sharma to Acquire Stake in Paytm Parent One97 Communication. Read the full details here https://shorturl.at/ptC0D
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Adani Enterprises BOD Approves Rs 16,600 crore Fundraise Via QIP Route
Adani Group's growth momentum seems to be returning to normal. On Tuesday, May 28, 2024, the board of Adani Enterprises approved fundraising of Rs 16,600 crore via a QIP route.
Earlier, in May 2023, Adani Enterprises received board approval to raise Rs 12,500 crore through a QIP but did not proceed with the fundraising.
On Monday, Adani Energy Solutions raised up to Rs 12,500 crore through qualified institutional placement or other permissible mode.
Following today's announcement, Adani Enterprises stock price was trading Rs 3,320. The shares of Adani Enterprises have erased all the losses seen during the Hindenburg crisis last year, due to which Rs 20,000 crore FPO was cancelled.
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Hyundai Motor India Gearing Up For IPO
Hyundai Motor India Gearing up for an IPO; Company plans to file DRHP in June. Hyundai likely to raise Rs 20,700 crore via IPO route. Read the full details here - https://bit.ly/3Vk0x2R
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Associated Coaters IPO: Diving into the Details of the Public Issue
Associated Coaters IPO is open for subscription starting Thursday, May 30, 2024, and closing on Monday, June 3, 2024. The price of this upcoming IPO is decided at Rs 121 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,21,000 (121 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,000 (121 x 2000 shares). Associated Coaters IPO is a fixed price issue of Rs 5.11 crores. This upcoming IPO is an entirely fresh issue of 4.22 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 4, 2024. Associated Coaters IPO will be listed on NSE SME, and the listing date is fixed on Thursday, June 6, 2024. The book-running lead manager of Associated Coaters IPO is Gretex Corporate Services Limited. The registrar for this IPO is Big share Services Private Limited.
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Aimtron Electronics IPO: Important Things to Know Before Investing
Aimtron Electronics IPO is open for subscription starting Thursday, May 30, 2024, and closing on Monday, June 3, 2024. The price band of this upcoming IPO is decided at Rs 153 to Rs 161 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,28,800 (161 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,57,600 (161 x 1600 shares). Aimtron Electronics IPO is a book-built issue of Rs 87.02 crores. This upcoming IPO is an entirely fresh issue of 54.05 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 4, 2024. Aimtron Electronics IPO will be listed on NSE SME, and the listing date is fixed on Thursday, June 6, 2024. The book-running lead manager of Aimtron Electronics IPO is Hem Securities Limited. The registrar for this IPO is Link Intime India Private Limited.
About Aimtron Electronics Limited
Aimtron Electronics was founded in 2011 and engaged in providing products and solutions for electronics system design and manufacturing. It focuses on high-value precision engineering products. Aimtron Electronics offers PCB design, assembly and complete electronic system manufacturing for domestic and global manufacturers in India, USA, Hong Kong, UK, Spain, Mexico. The company offers tailored solutions for customer needs, encompassing automated micro-electronics assembly and precision component integration. Their solutions involve their client providing the design for the product for which they provide manufacturing services or in some cases require us to design the relevant product based on the specifications provided by the client including manufacturing of the product. Their solutions comprise Printed circuit board assembly and any box build assemblies in addition to finding its application in battery management systems used in electric vehicles, design solutions offering end-to-end services right from conceptualising the design, engineering, product prototype development, and manufacturing of turnkey requirements for their customers. The company has two manufacturing facilities - Vadodara - Gujarat and Bengaluru, Karnataka.
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Sun Pharma Q4 Results: Net Profit at Rs 2,654 crore, Jumps 34% YoY
India’s leading pharmaceutical company, Sun Pharma, released its fourth-quarter earnings on Wednesday, May 22, 2024. It reported a net profit of Rs 2,654 crore, compared to Rs 1,984 crore in the same quarter last year. Net profit jumped 34% year over year.
Sun pharma reported revenue from operations at Rs 11,983 crore in the fourth quarter. In the same period last year, the revenue was Rs 10,931 crore. The company’s revenue increased by 10% on a year-on-year basis.
It reports an EBITDA of Rs 2,985 crore while margins stood at 25% in the same period. The India formulation sales were Rs 3,707 crore in Q4, showing a growth of 10% over last year and accounted for 31.4% of total consolidated sales for the quarter. For the full the financial year 2024, formulation sales in India rose 9% YoY basis.
The company’s board member has approved a final dividend of Rs 5 per share and the same will be paid within the given timeline.
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Paytm Q4 Results: Loss Increased to Rs 550 Crore, Revenue at Rs 2,267 Crore
Indian fintech company One97 Communication released its quarter four results on May 22, 2024. Paytm reported a net loss of Rs -550 crore, which is higher than the Rs -169 crore reported in the same period last year.
Paytm’s revenue from operations in the fourth quarter FY24 stood at Rs 2,267 crore. Previously, in the same period the company's revenue was at Rs 2,334 crore, down by 3% year-on-year basis.
The company’s EBITDA before ESOP fell to Rs 103 crore in the Q4 against Rs 234 crore in the previous quarter. Excluding the UPI incentive the EBITDA before ESOP is at Rs 185 crore.
What Impacted Paytm Q4 Results?
Paytm’s fourth quarter earnings were negatively impacted by the temporary disruptions on the account of Unified Payment Transaction (UPI) transition and permanent disruption due to regulatory issues in paytm payments bank.
In the March quarter of FY24, Paytm payment business revenue rose to Rs 1,568 crore. It grew by 7% on a year-on-year basis but down by 9% QoQ basis. It is majorly due to the disruption on the paytm payment bank products. Also, a temporary impact on the account of conservative approach taken for the certain businesses and disruption in the operating metrics.
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Vilas Transcore IPO: Diving Into The Details of Upcoming Issue
Vilas Transcore IPO is open for subscription starting Monday, May 27, 2024, and closing on Wednesday, May 29, 2024. The price band of this upcoming IPO is decided at Rs 139 to Rs 147 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,47,000 (147 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,94,000 (147 x 2000 shares). Vilas Transcore IPO is a book-built issue of Rs 95.26 crores. This upcoming IPO is an entirely fresh issue of 64.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, May 30, 2024. Vilas Transcore IPO will be listed on NSE SME, and the listing date is fixed on Monday, June 3, 2024. The book-running lead manager of Vilas Transcore IPO is Hem Securities Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Vilas Transcore Limited
Vilas Transcore Limited, incorporated in 2006, manufactures and supplies power distribution and transmission components primarily to the transformer and other power equipment manufacturers in India and abroad. Vilas Transcore produces and supplies various electrical lamination products, including CRGO cores and coils used in power distribution transformers and other current transformers. The company’s manufacturing process meets the industry standards and customer specifications using the latest technology to ensure quality and precision for application in the power equipment industry. The product line of Vilas Transcore includes CRGO laminated core, CRGO core and slit coils. These are the essential components of various types of power transformers, distribution transformers and other electric transformers. Vilas Transcore had two manufacturing units – one is situated in Ramangamdi, Baroda, Gujarat, covering an area of 2200 sq ft, and the second is situated in Vadodara, Gujarat, covering 11,000 sq ft. Vilas had been approved to source toroidal cores for the current transformers up to 400 KV class for the Power Grid Projects.
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Mutual Funds Take Rs 10,000 Cr Bullish Bets on HDFC Bank and Kotak Mahindra Bank
In the market correction, Mutual funds spent nearly Rs 10,000 crore to buy shares of Kotak Mahindra Bank and HDFC Bank. The two biggest nifty and banknifty giants have underperformed in 2024.
The Mutual fund managers took advantage of a 9% dip in Kotak Mahindra bank to buy 4.65 crore shares, estimated to be worth Rs 7,884 crore. In HDFC Bank, the fund houses bought 1.22 crore shares worth Rs 1,859 crore.
Which Mutual Funds Houses Raised Their Bets?
The mutual fund houses that raised their bet on HDFC Bank are SBI Mutual Fund, Axis Mutual Fund, HDFC MF, Nippon India MF, Franklin Templeton and Kotak Mutual Fund.
Kotak Mahindra Bank’s shares closed the April month session, with 9% cut due to the RBI’s ban on onboarding new customers through online and mobile banking channels. Also from issuance of fresh credit cards. Kotak Bank bank saw buying from Nippon
India MF, Quant MF, Aditya Birla Sunlife MF, HDFC AMC, SBI MF and Kotak AMC.
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SK Finance Files DRHP With SEBI to Raise Rs 2,200 Crore Via IPO Route
The vehicle finance company, SK Finance Limited plans to raise Rs 2,200 crore through a public issue. The issue comprises fresh issue and offer-for-sale. The fresh issue of Rs 500 crore and remaining Rs 1,700 crore is for an offer-for-sale.
The promoters of the company are Rajendra Kumar Setia, Rajendra Kumar Setia HUF. Under the offer-for-sale Norwest Venture Partners X-Mauritius and TPG Growth IV SF PTE Ltd will offload shares worth Rs 700 crore each, Evolvence Co Invest I will divest shares to the tune of Rs 75 crore and Evolvence India Fund III Ltd will sell shares worth Rs 25 crore. Rajendra Kumar Setia and Rajendra Kumar Setia HUF will offload shares amounting to Rs 180 crore and Rs 20 crore, respectively.
About SK Finance Limited
SK Finance Limited is a non-banking financial services company registered with the Reserve Bank of India. The company’s portfolio includes funding for used and new commercial vehicles, tractors, two-wheelers and business loans. Under MSME lending, the company lends for the working capital requirements to the small businesses. The loans are fully backed by the asset and given for the purpose of income generation to the mid and low-income groups. SK Finance’s vision is to become the most preferred customer- and employee-friendly finance company with the aim of providing last-mile coverage, including unbanked customers, by providing timely financial support with empathy, trust, and technology.
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Solara Active Pharma Sciences Rights Issue: Things To Know
Solara Active Pharma Sciences Limited is coming with its rights issue next week. The bid opens on May 28, 2024 and closes on June 11, 2024. The last date to buy shares is Tuesday, May 14, 2024. The record date of this new issue is Wednesday, May 15, 2024. The issue size is of 11,998,755 equity shares amounting to Rs 449.95 crores. The issue price is Rs 375 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Solara Active Pharma Sciences equity shares at a discounted price. Solara Active Pharma Sciences's share price is Rs 495.45 per share. The eligible shareholders are being offered one Rights Equity share for every three fully paid-up equity shares held on a May 15, 2024, record date. The payment terms are decided as the full amount of Rs 375 per share is payable on application. Through this rights issue, the company plans to raise Rs 449.95 crores. The registrar and lead managers for this issue have yet to be announced.
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Veritaas Advertising IPO: All Important Points Discussed Here
Veritaas Advertising IPO is open for subscription starting Monday, May 13, 2024, and closing on Wednesday, May 15, 2024. The price band of this upcoming IPO is decided at Rs 109 to 114 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots with 2400 shares. The minimum investment required for retail category investors is Rs 1,36,800 (114 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,73,600 (114 x 2400 shares). Veritaas Advertising IPO is a book-built issue of Rs 8.48 crores. This upcoming IPO is a fresh issue of 7.44 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Thursday, May 16, 2024. Veritaas Advertising IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, May 21, 2024. The book-running lead manager of Veritaas Advertising IPO is Horizon Management Private Limited. The registrar for this IPO is Mass Services Limited. The market maker of this issue is Horizon Financial Consultants.
About Veritaas Advertising Limited Company Profile
Veritaas Advertising was incorporated in July 2018, is a comprehensive advertising agency that provides advertising services across various platforms. Veritaas owns advertising spaces in West Bengal, Guwahati and Shillong. Moreover, the company also operates in Delhi, Mumbai and Pune. Veritaas Advertising offers a premium ecosystem and comprehensive advertising solutions platform for advertising media services. This includes brand strategy, Events, and outdoor media services, and various advertising modes like police booth hoardings, newspapers, brochures, etc. The company's services offering include – Creating brand presence and educating your customers, Increasing brand reach and visibility, creating high recall and goodwill for the brand. Engage and interact with your targeted customers and increase sales and boost conversion. The company's clients include well-known names such as TVS, Ultratech Cement, Star Cement, Greenply, ITC Limited, etc. As of January 2024, the company has a team of 71 employees.
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Aadhar Housing Finance IPO: Read the Complete IPO Details Here
Aadhar Housing Finance IPO is open for subscription starting Wednesday, May 8, 2024, and closing on Friday, May 10, 2024. The price is decided at Rs 300 to Rs 315 per share. The minimum lot size for the retail category is 47 shares. The minimum lot size for small NII is 14 lots consisting of 658 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 3,196 shares. The minimum investment required for retail category investors is Rs 14,805 ( 570 x 26 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,270 (315 x 658 shares); for big non-institutional investors, it is Rs 10,06,740 (351 x 3,196 shares). Aadhar Housing Finance IPO is a book-built issue of Rs 3,000 crores. This issue is a combination of fresh issue and offer for sale. The fresh issue is of 3.17 crore shares amounting to Rs 1,000 crore and OFS of 6.35 crore shares amounting to Rs 2,000 crore. The allotment for this IPO is expected to be finalised on Monday, May 13, 2024. Aadhar Housing Finance Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead managers of Aadhar Housing Finance Limited are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Limited, Nomura Financial Advisory And Securities India and SBI Capital Markets Limited. The registrar for this new IPO is Kfin Technologies Limited.
About Aadhar Housing Finance Limited
Aadhar Housing Finance Limited was incorporated in 2010, is a housing finance company targeting the lower income segment. It was merged into DVHFL on 20 November 2017 and renamed Aadhar Housing Finance Limited. The company provides a wide variety of loan products for residential and commercial property purchase and construction, home renovation etc. As of September 30, 2023, the company had a vast network of 471 branches including 91 sales offices. Their branches and sales offices spreaded across 20 states and union territories. The company operates in around 10,926 pin codes throughout India. As per latest record, the company has 3,695 employees. It also had a subsidiary company named Aadhar Sales and Services Private Limited which had 1,851 employees. The deep impact branches' sales offices aim to serve customers in India's tier-4 and tier-5 towns. Aadhar Housing Finance had served 2,46,983 customers nationwide through 471 branches and offices.
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TBO Tek Limited IPO: Diving into the IPO Details, Read Here
TBO Tek Limited IPO is open for subscription starting Wednesday, May 8, 2024, and closing on Friday, May 10, 2024. This issue is a book-built issue. The issue is a mixture of fresh issue and offer-for-sale. The fresh issue is Rs 400 crore, and the offer-for-sale is 1.25 crore equity shares. The price band and lot size of this issue have not yet been announced. The allotment for this IPO is expected to be finalised on Monday, May 13, 2024. TBO Tek Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead managers of TBO Tek Limited are Axis Capital Limited and Jefferies India Private Limited. The registrar for this new IPO is Kfin Technologies Limited.
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Indegene Limited IPO: Read the Complete IPO Details Here
Indegene Limited IPO is open for subscription starting Monday, May 6, 2024, and closing on Wednesday, May 8, 2024. The price is decided at Rs 430 to Rs 452 per share. The minimum lot size of this IPO application for the retail category is 33 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 462 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2,244 shares. The minimum investment required for retail category investors is Rs 14,916 (452 x 33 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,824 (452 x 462 shares); for big non-institutional investors, it is Rs 10,14,288 (452 x 2244 shares).
Indegene IPO is a book-built issue of Rs 1,841.76 crores. The issue is a mix of fresh issue and offer-for-sale. The fresh issue consists of 1.68 crore shares amounting to Rs 760 crore. The offer for sale consists of 2.39 crore shares amounting to Rs 1,081.76 crores. The allotment for this IPO is expected to be finalised on Thursday, May 9, 2024. Indegene Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Monday, May 13, 2024. The book-running lead managers of Indegene Limited are Kotak Mahindra Capital Limited, City Group Global Market India Private Limited, J.P Morgan India Private Limited, Nomura Financial Advisory and Securities Private Limited. The registrar for this new IPO is Link Intime India Private Limited.
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Axis Bank Q4 Result: Net Profit Rs 7130 Cr, Operating Profit Increased by 15%
Axis Bank reported good performance in its fourth-quarter results for FY-24, with a net profit of Rs 7,130 crore compared to a loss of Rs 5,728.4 crore in the corresponding quarter period of last year. Axis bank's operating profit is increased by 15% year-on-year to Rs 10,536 crore, while net interest income is rose by 11.5% to Rs 13,089 crore. These figures show good and steady growth of the company’s financials.
Dividend Declaration
In a move signaling confidence in its financial position, Axis Bank's board recommended a dividend of Rs 1 per equity share for the fiscal year 2023-24. This recommendation, subject to shareholder approval at the upcoming annual general meeting, underscores the bank's commitment to shareholder value and returns.
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