The NHAI NCD worth INR 750 crore is starting from Oct 17, 2022, onwards. The National Highway Infra Trust (NHAI) is a recognized infrastructure investment trust as per the InvIT’s Regulations. It now has the power to impose tolls, run, and maintain a portfolio of five Initial Toll Roads in the Indian states of Gujarat, Rajasthan, Telangana, and Karnataka. In the Indian states of Telangana, Maharashtra, Uttar Pradesh, and Madhya Pradesh, it also intends to impose tolls, run, and manage a portfolio of three Target Toll Roads.
The NHAI issued concessions, and these Toll Roads are maintained and operated in compliance with them. The Initial Toll Roads are made up of five segments with a total length of around 389 km, whilst the Target Toll Roads are made up of three portions with a length of approximately 246 km.
The Project SPV and the NHAI have 8 different concession agreements covering the concessions of each of the Toll Roads. It is also in charge of managing the maintenance and management of the Toll Roads. The Project SPV is required to provide the NHAI with the concession fee in exchange, as indicated in the applicable Concession Agreements, prior to the start of the Concession.
The NCDs proposed to be issued under this Issue have been rated PROVISIONAL CARE AAA; Stable’ by CARE Ratings Limited for an amount of up to Rs 15,000 million by way of their letter dated August 25, 2022. They were further revalidated on September 23, 2022, and rated as “PROVISIONAL IND AAA/Stable” for an amount of up to Rs 15,000 million by India Ratings and Research Private Limited.
NHAI (National Highway Infra Trust): National Footprint
NHAI NCD: Object Of The Issue
Infusion of debt into the Project SPV: The proceeds of the debt infused into the Project SPV shall be utilized by the Project SPV for: (a) part payment of (i) initial estimated concession value to the Sponsor, in terms of the Concession Agreements; (ii) initial improvement cost; (iii) major maintenance cost; and/or (b) creation and maintenance of major maintenance reserve, if any; and/or any (c) any general corporate purposes.
In the event that the Bridge Loan Facility has been drawn instead (whether partly or fully) (“Bridge Amount”) by the Trust, then the Trust proposes to utilise the Issue proceeds to such extent to repay the Bridge Amount.
General corporate purposes.
NHAI (National Highway Infra Trust) Company strengths
NHAI is a seasoned sponsor with a solid track record of managing and upkeep of projects in the Indian roads and highways sector.
NHAI is Present in strategic regions.
The management staff of NHAI is skilled and has experience in the industry.
NHAI (National Highway Infra Trust) Company weakness
Certain investment ratios that NHAI must maintain could expose it to more risks.
NHAI cannot guarantee that the Trust will be able to raise the debt, and any failure to do so could negatively affect its operational outcomes.
The Trust is now engaged in the institutional placement and preferential issue of its Units.
Company Contact Information
National Highways Infra Trust G – 5 & 6, Sector 10, Dwarka, New Delhi – 110 075
Suzlon Energy will issue up to 240 crores of partly paid-up equity shares for cash at a price of ₹5 per share (including a premium of ₹3 per rights equity share) aggregating to ₹1,200 crores.
In India, Suzlon Energy Limited is one of the top providers of renewable energy solutions worldwide. Suzlon Energy has a presence in Asia, Australia, Europe, Africa, and the USA. Globally, Suzlon Group serves more than 1900 clients. Suzlon Energy has wind energy installations with a capacity of 19,441 MW and more.
In addition to providing solar-wind hybrid energy solutions, Suzlon Energy also provides land sourcing and approvals, infrastructure development, installation & commissioning/erection, testing & commissioning, supply chain management, and research and development.
Suzlon is one of India’s top manufacturers in the wind component manufacturing segment as per capacity and is one of the top renewable O&M service providers in India, as per capacity serviced.In India, Suzlon is a market leader with 100+ wind farms and an installed capacity of over 13,450 MW. It has developed some of Asia’s largest operational onshore wind farms in nine states including Gujarat, Rajasthan, Maharashtra and Tamil Nadu. The Group’s diverse client portfolio includes power utilities and electricity producers in both the private and public sectors.
Suzlon Group aims to make renewable energy both simple and cost-effective for customers. Suzlon pioneered the ‘Concept to Commissioning’ model in wind energy, enabling it to meet the breadth and depth of customer requirements across the renewable energy value chain.
Suzlon Group’s investment in R&D and cutting-edge technology enables it to offer an extensive range of robust and reliable products which meet all customer requirements.
The Group also offers and executes best-in-class Operations, Maintenance and Services (OMS) across the globe. Apart from physical, on-ground service terms, Suzlon’s SCADA system (Supervisory Control and Data Acquisition) enables remote monitoring of over 9,600 wind turbines worldwide, allowing the Group to manage uninterrupted operations and reliability of power generation.
Suzlon Energy Rights Issue 2022 Objectives
The objectives of rights issue 22 are as follows:
1. Repayment or pre-payment of a portion of certain outstanding borrowings availed by the Company and its Subsidiaries.
Tamilnad Mercantile Bank IPO which was Incorporated in 1921 and is one of India’s oldest private sector banks is all set to make a debut on the stock market with an issue size of ₹807.84 Cr. TMB has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches and is also present in 15 other states and 4 union territories of India.
Tamilnad Mercantile IPO-Overview
Tamilnad Mercantile Bank Issue Date
10 – 12 October 2022
Tamilnad Mercantile Bank IPO Opening Date
5th Sept 2022
Tamilnad Mercantile Bank IPO Face Value
INR 10 per share
Tamilnad Mercantile Bank IPO Price
INR 510 per share
Tamilnad Mercantile Bank IPO Lot Size
28 Shares
Issue Size
807.84 Cr
Fresh Size
807.84 Cr
Issue Type
Book built Issue IPO
Listing At
BSE,NSE
QIB Shares Offered
Not less than 75% of the Net Offer
NII (HNI) Shares Offered
Not more than 15% of the Net Offer
Retail Shares Offered
Not more than 10% of the Net Offer
Company Promoters
TMB is a professionally managed bank and does not have an identifiable promoter.
Tamilnad Mercantile Bank IPO Tentative Dates
Tamilnad Mercantile Bank IPO opening date
5 September 2022
Tamilnad Mercantile Bank IPO closing date
7 September 2022
Basis of Allotment
12September 2022
Initiation of Refunds
13 September 2022
Tamilnad Mercantile Bank IPO Listing Date
15 September 2022
Tamilnad Mercantile Bank Industry Overview
Traditionally, public banks have accounted for the major proportion of the banking credit outstanding. However, low profitability, weak capital position, low operational efficiency, and an increase in stressed loans in the past few years led to a slowdown in their loan growth. As a result, public banks gradually lost market share to private banks, which were relatively well-capitalized and had a higher degree of operational efficiency. Public banks which accounted for 71% share in credit outstanding in Fiscal 2015, account for only 59% share in Fiscal 2021. While credit growth picked up significantly in Fiscal 2019 for public banks, private banks also witnessed minor improvement in growth.
A partial economic slowdown resulted in lower credit growth in Fiscal 2020 for both public and private banks. In Fiscal 2021, public banks’ growth slowed to 3%, while private banks were able to grow 9% due to better capital buffers. Therefore, the latter was able to gain further market share. As merged banks focus on integration and banks placed under corrective action come out of the PCA framework, the credit growth of public banks is expected to lag that of private banks in the medium term. Public banks are expected to grow by 6-8% in Fiscal 2022, whereas private banks are expected to grow by 9-11%.
Tamilnad Mercantile Bank Company Overview
TMB was incorporated as ‘Nadar Bank Limited’ in 1921 and its name was changed to Tamilnad Mercantile Bank Limited in the year 1962. It received its license to carry on banking business from the Reserve Bank of India in 1962. As of March 31, 2021, the deposits and advances portfolio in the state of Tamil Nadu has contributed 76.33% to its total business. Tmb is focusing on diversifying its growth in other high-growth regions of India which will help increase its network and client base.
TMB has also been consistently growing its customer base from approximately 4.42 million as of March 31, 2019, approximately 4.66 million as of March 31, 2020to approximately 4.91 million as of March 31, 2021, at the CAGR of 5.38% from Fiscal 2019 to 2021. Their focus on the quality of service and nurturing long-term relationships with their customers has enabled them to develop a well-recognized and trusted brand in south India, particularly in Tamil Nadu, India
Tamilnad Mercantile Bank IPO-Objectives
To achieve a tier-I capital base to meet future capital requirements.
To meet future capital requirements.
To receive the benefits of listing the shares on the stock exchanges.
Tamilnad Mercantile Bank Financial Statements
Tamilnad Mercantile Bank IPO Strengths
Tamilnad Mercantile Bank is a Long-term track record with almost 100 years of history.
Strong presence in Tamil Nadu and consistent focus to expand presence in strategic regions.
Diversified and loyal customer base i.e., retail, MSMEs, and agricultural.
Consistently growing customer deposit base with a focus on low-cost retail CASA.
Tamilnad Mercantile Bank IPO Weakness
The firm is working in a highly competitive segment.
Its major work is done in one single location which is its biggest pro and con as well.
Company Contact Information
Tamilnad Mercantile Bank Limited
No. 57, Victoria Extension Road Thoothukudi – 628 002,
Pace E-Commerce Ventures Limited, a 2015 incorporated company, is set to begin its initial public offering (IPO) on September 29, 2022. The company Pace E-Commerce Ventures Limited sells furniture, bedding, accessories, and other necessities for kids.
The company’s product line includes Scooters and Ride-Ons, Dolls, Action Figures, Soft Toys, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Baby Bedding & Kid’s Essentials.
Pace E-Commerce IPO:Overview
Pace E-Commerce Ventures Limited IPO Date
Sep 29, 2022 to Oct 10, 2022
Pace E-Commerce Ventures Limited IPO Opening Date
Sep 29, 2022
Pace E-Commerce Ventures Limited IPO Closing Date
Oct 10, 2022
Pace E-Commerce Ventures Limited IPO Face Value
₹10 per share
Pace E-Commerce Ventures Limited Price
₹103 per share
Pace E-Commerce Ventures Limited IPO Lot Size
1200 Shares
Issue Size
6,459,600 shares of ₹10 (Aggregating up to ₹66.53 Cr)
Fresh Issue
4,000,000 shares of ₹10 (Aggregating up to ₹41.20 Cr)
Offer for sale
2,459,600 shares of ₹10 (Aggregating up to ₹25.33 Cr)
Mr. Shaival Dharmendra Gandhi is the company promoter.
Pace E-Commerce Ventures Limited IPO Lot Size
1200 shares make up the Pace E-Commerce Ventures IPO lot. An individual retail investor may submit an application for up to 1 lot (1200 shares, or 123,600).
Application
Lots
Shares
Amount
Retail (MIN)
1
1200
₹123,600
Retail (MAX)
1
1200
₹123,600
Pace E-Commerce IPO: Company Overview
Pace E-Commerce Ventures Limited was established with the purpose of giving Indian kids, teenagers, and sports enthusiasts access to apparel from global sports companies and memorabilia from global football clubs.
It all started with the importation and sale of branded, international sports apparel, and it has since developed to include a wide range of branded products and accessories. The company subsequently acquired the rights to produce and distribute goods for some of the biggest and most renowned players in the kid’s entertainment industry.
Pace E-Commerce Ventures Limited has its own online store, www.cotandcandy.com, which offers a wide selection of goods in several categories. Additionally, it began to fulfil several requests for on-demand product printing and production from both B2C and B2B customers.
Later, the portal added kid’s sports, kid’s fashion, kid’s furniture, and kid’s home textiles to its list of product categories. In its portfolio, it currently owns exclusive rights to the manufacturing and marketing of well-known kids character entertainment brands and items. In addition to this, it has produced a quality line of home textiles and gift items under its own private brands.
Phantom Digital IPO is all set to make its debut on OCT 12, 2022. It was established in 2016 and is a Certified Trusted Partner Network (TPN) company. It is a full-service creative VFX studio with locations in the US and Canada. Phantom FX a TPN-certified business offers a wide range of VFX services.
One of the company’s areas of expertise is the completion of a Shot with Final Compositing. making lifelike 3D elements, environments, and animal’s Other natural occurrences of animated 3D rides include painting clean-up, rotoscope, 3D match move, 3D animation (storyboard), pre-visualization game cinematics, and others.
Phantom Digital IPO-Overview
Phantom Digital LTD IPO Date
Oct 12, 2022 to Oct 14, 2022
Phantom Digital LTD IPO Opening Date
Oct 12, 2022
Phantom Digital LTD IPO Face Value
₹10 per share
Phantom Digital LTD IPO Price
₹91 to ₹95 per share
Phantom Digital LTD IPO Lot Size
1200 Shares
Issue Size
3,063,600 shares of ₹10 (Aggregating up to ₹29.10 Cr)
Fresh Issue
2,640,000 shares of ₹10 (Aggregating up to ₹25.08 Cr)
Offer for sale
423,600 shares of ₹10 (Aggregating up to ₹4.02 Cr)
The Registrar of Companies issued a certificate of incorporation dated February 2, 2016, establishing Phantom Digital LTD as a private limited company with the name “Phantom Digital Effects Private Limited”. Following the special resolution adopted by Phantom Digital LTD’s shareholders on July 21, 2022, Phantom Digital LTD was subsequently transformed into a public limited company.
Following Phantom Digital’s conversion to a public limited company, the name of the firm was changed from “Phantom Digital Effects Private Limited” to “Phantom Digital Effects Limited,” and a new Certificate of Incorporation was issued by the Registrar of Companies on July 29, 2022.
Mr. Bejoy Arputharaj Sam Manohar, the promoter of Phantom Digital LTD, began his foray into VFX and animation in 2011 by taking on modest projects. Phantom Digital LTD is a modern VFX firm with a focus on advertising, web series, and film. Over the past few years, it has provided tens of thousands of shots for domestic and foreign feature films, web series, and advertisements. Phantom Digital LTD occasionally accepts subcontracts from bigger visual effects firms in addition to working on movie and commercial productions.
Phantom Digital Limited IPO: Business Offerings
PhantomFX provides a variety of VFX services. The company’s areas of expertise include:
Finishing a shot by applying the final compositing
Producing photorealistic animals, landscapes, and 3D elements
Rotoscopy, paint cleanup, and rig/wire removal Fourth, 3D matchmove
3D animated films (storyboard, animation)
Cinematics for pre-visualization games
Natural phenomena such as fire, water, and wind animated 3D rides
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East) Mumbai 400011, Maharashtra, India. Phone: +91 022 2301 8261; E-mail: support@purvashare.com Website: www.purvashare.com
Phantom Digital Contact Details
PHANTOM DIGITAL EFFECTS LIMITED 6th Floor, Tower B, One India Bulls Park, Plot No.14, 3rd Main Road, Ambattur, Chennai – 600058 Tamil Nadu Phone: + 91 44 43846228 E-mail: cs@phantom-fx.com Website: www.Phantom-fx.com
IBHFL NCD is all set for the public issue and is a home financing business (“HFC”) registered with the NHB. India Bulls Housing Finance primarily concentrates on long-term secured loans with mortgage guarantees. Target clientele of IBFHL includes salaried and self-employed individuals as well as micro, small, and medium-sized businesses (“MSMEs”) and corporates, to whom house loans and loans secured by property are typically provided.
Bulls Housing Finance: Business
It provides mortgage loans in the form of construction financing for the building of residential properties as well as lease rental discounting for commercial properties to real estate developers in India. Housing loans, particularly those for affordable housing, make up most of the loans in the loan book of IBFHL. The IBFHL Loan Book consisted of 62% housing loans and 38% non-housing loans as of March 31, 2022. With more emphasis on co-lending loans with banks, other financial institutions, and credit funds as well as a greater sell-down of IBFHL’s loan portfolio, IBHFL has now switched to an asset-light business model.
After September 2016, IBHFL is now releasing its fourth debt offer in a short period of time. The company is releasing its offer of Secured, Redeemable Non-Convertible Debentures with a base size of Rs. 100 crore and a green shoe option to retain oversubscription of Rs. 900 crores, making a total issue size of Rs. 1000 crore under Tranche I. (It has a shelf limit of Rs. 1400 cr.).Applications can be made in increments of 1 NCD, or Rs. 1000, with a minimum application amount of 10 NCDs, or Rs. 10,000. The issue’s subscription period begins on September 5, 2022, and it ends on or before September 5, 2023.
(GDP) of India is expected to increase by 8.7% in the fiscal year 2022. Since the GDP shrank by 6.6% in fiscal 2021, this is primarily the result of a higher base. The forecast for the fiscal year 2022 real GDP in absolute terms is at Rs 147.7 lakh crore, which is slightly higher than the earlier estimate of Rs 147.5 trillion, indicating that the omicron form of Covid-19’s drawbacks has been limited. It is also interesting that GDP is just 1.8% higher than the pre-pandemic level (fiscal 2020 despite the significant output loss experienced last fiscal
Private final consumption expenditure (PFCE), the main demand-side driver, is currently anticipated to have made up some of the lost ground from the pre-pandemic level.PFCE is currently 1.2% higher than the fiscal 2020 level of Rs 82.6 lakh crore at Rs 83.6 lakh crore. However, given that PFCE growth is still lagging behind overall GDP growth and that its share in GDP is lower than it was in fiscal 2020, it is possible that the consumer recovery would be sluggish due to challenges including high inflation and a lack of direct government support.
IBHFL Company strengths
It is one of the largest pan-India HFCs with strong financial performance and credit ratings.
IBHFL has access to diversified funding sources.
IBHFL is having expertise in providing loans to Self-Employed Individuals and MSMEs.
India bulls Housing Finance Company weakness
Future events, which are incredibly unclear and impossible to forecast, will determine how the recent coronavirus (COVID-19) outbreak affected IBHFL’s activities, cash flows, results of operations, and financial situation.
Any inability to successfully manage and maintain IBHFL business growth could have a negative impact on IBHFL’s operations, financial condition, results of operations, and cash flows.
As a result of its vulnerability to interest rate volatility and the potential for future interest rate and maturity mismatches between its assets and liabilities, IBHFL may experience liquidity problems.
Tracxn technologies IPO is all set to make its debut on stock market. Tracxn technologies was Founded in 2013 and is one of the top five players globally in terms of the number of companies profiled offering data of private market companies across sectors.With over 550 million web domains scanned and over 1.4 million entities profiled over 1,805 feeds categorised across industries, sectors, sub-sectors, locations, affiliations, and networks internationally, the company runs a Software as a Service (SaaS)-based platform called Tracxn.
According to the IMF’s World Economic Outlook report, which was published in July 2021, the global GDP experienced a 3.2% decline in growth in 2020 (compared to 2019). According to the same analysis, the global economy is on the mend and is predicted to increase by 6% in 2021 before slowing to 4.9% in 2022.
Private market AUM was over USD 6 trillion in 2019 and is projected to be approximately USD 8.45 trillion by 2025, according to Frost and Sullivan data. The growing focus of private equity and venture capital (VC) firms, which seek to boost their investments in private companies even as the number of private companies continues to rise annually, will be the main driver of growth in the private market’s AUM. In the near future, it is anticipated that all asset classes will expand further, and PE and VC companies will be at the forefront of this growth narrative and own a larger market share in AUM than they do now.
Tracxn Technologies IPO-Company Overview
As of May 31, 2021, the Software as a Service (“SaaS”)-based platform Tracxn, run by Tracxn Technologies, had scanned over 550 million web domains, profiled over 1.4 million entities across 1,805 Feeds, and was organised across industries, sectors, sub-sectors, geographies, affiliations, and networks globally. As of March 31, 2021, the Tracxn platform had 2,358 Users spread across 855 Customer Accounts in more than 50 countries. Several Fortune 500 corporations and/or their affiliates, such as Unilever Industries Private Limited, are among the clients.
Tracxn technologies customer account base is geographically broad, and it includes I venture capital and private equity investors, investment banks, (ii) corporations from a variety of industries, and (iii) other groups like government organisations, academic institutions, accelerators, and incubators. From 471 customer accounts as of March 31, 2019, to 855 customer accounts as of March 31, 2021, Tracxn technologies customer accounts have grown at a CAGR of 34.73%. As of March 31, 2021, 194 active Customer Accounts, or 22.69% of all Customer Accounts, have been associated with Tracxn technologies for more than three years. Tracxn technologies has maintained long-standing connections with its customers (with a maximum gap of three months between subscriptions).
Vedant Asset IPO Limited a leading financial services network that handles more than 100 Crore of AUM and over 500 Clients is all set to make a debut on the stock market with an issue size of 3 Cr. Here are few points to remember before you apply.
The Vedant Asset IPO Subscription starts on September 30, 2022, and ends on October 4, 2022. Vedant Asset IPO plans to raise Rs3.00 Cr and the fixed price range for Vedant Asset’s IPO is Rs40 per share. Vedant Asset reserved shares worth 50% for NII and 50% for the retail sector.
After a shaky recovery in 2021, things started to become worse in 2022 as threats started to materialize. Due to downturns in China and Russia, global output decreased in the second quarter of this year, while US consumer spending fell short of expectations. An already fragile global economy has been hit by a number of shocks, including higher-than-anticipated global inflation, especially in the United States and major European economies, tighter financial conditions, a worse-than-anticipated slowdown in China due to COVID19 outbreaks and lockdowns, and more detrimental effects from the conflict in Ukraine.
In May 2014, the industry’s AUM reached the landmark of ten trillion rupees (ten lakh crore), and in just three years, it had expanded more than twofold and first crossed twenty trillion rupees (twenty lakh crore) in August 2017. In November 2020, the AUM size surpassed 30 trillion (or 30 Lakh) for the first time. As of July 31, 2022, the industry’s AUM was 37.75 trillion rupees (37.75 lakh crore).
The Pradhan Mantri Jan Dhan Yojana (PMJDY), which was introduced on March 10, 2021, has resulted in the opening of 420 million bank accounts that aided the financial inclusion of the Indian population. The AePS platform is the world’s largest payment-integrated biometric system and has achieved astounding year-on-year growth since its launch in 2016 owing to exponential growth in OFF-US AePS transactions in recent years.
In rural India total of 276.5 million bank accounts were opened of which 53.26% were opened by women in rural and semi-urban areas (232.7 million). According to government estimates, the institutionalization of DBTs for social security schemes and governance improvements, which included eliminating fraudulent transactions and duplicate or fictitious beneficiaries, have saved a total of INR1,78,396.65 crore (US$25,485.2 million) since March 2020.
Vedant Asset Ltd–Company Overview
Under the terms of the Companies Act of 2013, Vedant Asset LTD was first incorporated on July 7, 2015, as a Private Limited Company with the Registrar of Companies in Jharkhand under the name and style Vedant Asset Advisors Private Limited.
Through a partner base of more than 350 Vedant Mitra partners operating in various rural and semi-urban locations and managing more than 100 crores of assets under ITS Mutual fund distribution business, Vedant Assets LTD is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB), and Madhya Pradesh Gramin Bank (MPGB).
Vedant Mitra Kendra serves as a Banking – Customer Services Point (CSP) to satisfy all of the public’s banking needs, including air, rail, and bus ticketing, an Adhaar-enabled payment system, Direct Money Transfer (DMT), mutual fund investment through mPOS, PAN-related services, insurance, loan, and recharge services. Additionally, Vedant Assets LTD is trying to extend its offerings in the areas of delivering vital services via a network of Vedant Mitra Kendras and distributing government DBT and Adhaar-linked subsidies.
Vedant Asset Ltd–Competition
Vedanta Asset is up against competition both at the segmental level and at the partner level. The competition at the segment level is between businesses that directly provide financial services, such as different banks, mutual funds, and partner levels where various businesses provide CSPs and entice customers to open them.
Vedant Asset has a strong local presence, an established network and reputation, and the capacity to offer a variety of services in one place that set it apart from its rivals. Vedanta Asset enjoys a competitive advantage thanks to its knowledge-based business model and friendly relationships with numerous partners.
Vedant Asset LTD IPO – Proceeds
Vedant Asset LTD is planning to use the Net Proceeds from the Issue for the following purposes:
1.To meet the cost of business expansion.
2. To fulfil working capital needs.
3. For corporate purposes.
4. To cover issue expenses.
Vedant Asset Ltd – Financial Statements
Vedant Asset Ltd – Valuation
Vedant Asset LTD IPO –Strengths
Strong product ties and multi-product support – Over the years, Vedant Asset has developed strong ties and collaborations with numerous partners in the banking and other industries, enabling them to meet the various financial demands of the local populace.
A single point of contact: Vedant Asset Mitra Kendra provides a wide range of services and serves as a one-stop shop for many of the public’s financial needs.
Expertise in technology and integration: Vedant Asset strives to offer the most modern technology and the best integration with partner systems and banking servers.
Vedant Asset’s business approach places a strong emphasis on four critical areas: partnerships and tie-ups, partner engagement, research and operations, and analytics and IT.
The Vedant Asset’s promoters, Mr. Lalit Tripathi and Mrs. Priyanka Maheshwari, have a combined experience of almost 25 years and 18 years, respectively, in the financial services, mutual fund distribution, and financial distribution services industries.
Vedant Assets LTD IPO – Weakness
Relationships with banks and mutual fund AMCs are the foundation of Vedant Asset Management’s operations. They have contracts with banks and are registered with mutual fund AMCs; if these relationships are terminated, it can have a negative impact on their operations, financial state, and future prospects.
Changes in investor and consumer attitudes and behaviors may result in a decline in demand for Vedant asset services, which might have a materially negative impact on their operations, financial situation, and business.
Any unfavorable impact on Banking Partners and Mutual Fund AMCs could have a detrimental impact on the business, operational results, and financial health of Vedant Asset, which depends on their continuous success and good standing.
Any decline in activities or partnerships with Vedant Mitra Partners could have a negative impact on the company’s operations, financial condition, and results.
Due to Vedant Asset’s lack of expertise in the geographies, they plan to establish in, it may be unable to identify viable locations for expansion and may face additional risks if it decides to enter new markets and territories.
Electronics Mart India (EMI) a consumer durable is all set to launch its IPO with an issue size of INR 500 Cr. As of August 2022, the company had 112 locations in 36 cities. Its multi-brand outlets are known as Bajaj Electronics. Here are some important key points on EMI IPO.
Electronics Mart India IPO – Overview
Electronics Mart India’s initial public offering (IPO) will begin on October 4, 2022 and will end on October 7, 2022. The Electronics Mart IPO aims to raise 500 crores through a fresh issue of 500 crores. Retail gets 35%, QIB gets 50%, and HNI gets 15%.
In September 2021, Electronics Mart India filed DRHP with SEBI to raise around Rs 500 crore via fresh issue. The proceeds will be used by Electronic Mart India ltd for additional working capital needs of around Rs 220 crore and capital expenditures worth Rs 111.44 crore. In addition, the EMI would pay off its debt with Rs 55 crore.
Rising consumer demands, rapid urbanization, the government’s emphasis on infrastructure investment, and expansion of the domestic manufacturing sector all contributed to India’s economy recording a strong 6.7% CAGR from fiscal 2015 to 2020. Fiscal 2022 GDP growth is anticipated to be 9.5% year-over-year; long-term growth (fiscal 2021–2026) is anticipated to be 7.2% CAGR.
EMI- Industry Overview
Advantageous demographics
India has one of the youngest populations in the world in the year 2020, with a median age of 28. End of 2020, over 90% of Indians are still under the age of 60, with 63% of those individuals falling between the ages of 15 and 59, according to CRISIL Research. Comparatively, in the US, China, and Brazil, the proportion of people under 60 years old was, respectively, 74%, 62%, and 78%.
EMI- Retail Demographics
Despite immediate effects, the industry’s long-term growth story is unaffected. Between fiscal years 2016 and 2020, India’s retail sector recorded a robust 9.5% compound annual growth rate (CAGR), supported by expanding urbanisation, nuclearization, higher disposable incomes, and improving affordability and consumer sentiment.
In keeping with the drop in GDP and PFCE, the retail sector experienced a 7.5% year-over-year decline in fiscal 2021. Retail consumption had decreased since the Covid-19 pandemic-related countrywide lockdown was put into place. Consumer confidence and discretionary expenditure will increase due to pent-up demand and a more favorable economic outlook. Retail growth will be further fueled by increased investments from major merchants.
Electronics Mart India IPO: Growth drivers for organized Retail
1.Demand side factors:
India’s per capita income has been rising; in fiscal 2021, it increased by 3.1% year over year. It is anticipated to increase in the future at a significantly quicker rate of 6.7% CAGR over the next five years, driving retail growth.
90% of Indians were under the age of 60 as of 2020. A younger population has a larger propensity to spend money on the newest discretionary items, which could lead to increased retail consumption, particularly in the organized sector.
The percentage of people living in urban areas has increased from 17% in the 1950s to 35% in 2020 and is predicted to reach about 37% by 2025. Urbanization growth and rising disposable incomes are positive signs for the retail sector.
Consequently, there has been a steady change in Indians’ consumption habits. Demand for goods and services of higher quality, convenience cost and the desire for branded items has surged due to money. New products are being tested out by consumers.
2.Supply Side factors:
Easier access to credit: Easy access to credit has led to a large increase in the market for personal loans in India, driving rising spending on consumer durables and homes. Consumer spending has significantly increased in recent years as a result of how simple it is to make payments with credit and debit cards.
Additional players are entering the finance industry. For instance, the Future Group and Bajaj Finance have partnered strategically to provide easy EMIs for the purchase of goods ranging from high-end consumer durables to garments and groceries.
Electronics Mart India IPO –Company Overview
Electronics India Mart Ltd is the fourth-largest retailer of consumer electronics and durable goods in India as of the end of the fiscal year 2020. Electronics India Mart Ltd dominate the states of Telangana and Andhra Pradesh in terms of income (Source: CRISIL Report). Since Electronics India Mart Ltd started operating as a company in 1980, our revenue from operations has been steadily increasing. With a revenue CAGR of 25.60% from Financial Year 2015 to Financial Year 2020, they have been among the fastest-growing consumer durable & electronics retailers in India (Source: CRISIL Report). Electronics Mart India Ltd have constantly shown profitability and strong operating results.
Among its competitors, EMIL will have the highest EBITDA margins in the 2020 fiscal year.
Even though the country was dealing with the COVID-19 epidemic and a statewide lockdown, EMIL was surprisingly able to surpass its previous operating revenue of 31,724.77 million in Financial Year 2020 and 32,018.76 million in Financial Year 2021, showing 0.93% year-over-year growth. Electronics Mart India ltd operated 99 stores across 31 cities and metropolitan agglomerations as of August 15, 2021, totaling 0.99 million square feet of retail space.
Electronics Mart India IPO Details
EMIL IPO Date
Oct 4, 2022 to Oct 7, 2022
EMIL IPO Face Value
₹10 per share
EMIL IPO Price
₹56 to ₹59 per share
EMIL IPO Lot Size
254 Shares
Issue Size
500 Cr
Fresh Size
500 Cr
Offer for sale
NA
Employee Discount
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
QIB Shares Offered
Not more than 50% of the Net Offer
NII (HNI) Shares Offered
Not less than 15% of the Net Offer
Retail Shares Offered
Not less than 35% of the Net Offer
Company Promoters
Pavan Kumar Bajaj and Karan Baja are the company promoters.
Electronics Mart India IPO – National Footprints
Based on high potential areas, EMIL has grown its commercial operations and established a market presence in the Tier I and Tier II cities in Andhra Pradesh and Telangana. EMIL opened 24 stores in Andhra Pradesh as of August 15, 2021, and 75 outlets in Telangana. EMIL gradually plan to expand network in the NCR region in pursuing defined cluster-focused expansion strategy.
Electronics Mart India – National Footprint
The Electronics Mart India has established numerous consumer durable and electronic retail locations with an assortment of various as well as specialized electronic products with the goal of delivering complete electronic solutions. It has 99 stores total as of August 15, 2021, 88 of which are Multi Brand Outlets and 11 of which are Exclusive Brand Outlets. EMI has 85 MBOs under the name “Bajaj Electronics,” one MBO under the name “Tirupati Electronics,” and two speciality stores under the name “Kitchen Stories” to meet the needs of EMIL clients who specifically need kitchen-related products. Additionally, EMIL is currently developing up another specialty store style called “Audio & Beyond” that will focus on high-end home audio and home automation systems.
Electronics Mart India IPO – Proceeds
EMIL is planning to use the Net Proceeds from the Issue for the following purposes:
1. Financing capital expenses for opening new stores and expanding existing ones
2. Financing increased working capital needs
3. Repayment or prepayment, in full or in part, of all or a portion of borrowings obtained by EMIL
4. General corporate purposes
Electronics Mart India IPO – Management
The following are the list of the Board of Directors of EMIL
Electronics Mart India IPO – Financial Statements
In FY22, the company’s revenue from operations increased 36% to 434.9 crore from 320 crore in the same period last year, while profit after tax increased 77% to 104 crore from 58.6 crore.
P&LEMI-Valuation
For the Financial Years ended 2019, 2020, and 2021, EMIL EBITDA was 2,159.94 million, 2,276.41 million, and 2,038.81 million, respectively. For the Financial Years ending 2019–2020 and 2021–2021, EMIL EBITDA Margin—which measures EBITDA as a proportion of total revenue—was 7.65%, 7.18%, and 6.37%, respectively. In the financial years 2021 and 2020, EMIL saw increases in revenue of 0.93% and 12.35%, respectively.
Electronics Mart India IPO –Strengths
Electronics Mart India, India’s fourth-largest retailer of electronics and consumer goods, is a market leader in South India.
Electronics Mart India has a history of rapid growth in electronics and consumer goods, with consistent expansion and profitability that sets the industry standard.
EMI’s lustre-based growth broadens its geographic reach and market presence.
The operational flexibility provided by the Electronics Mart India business model contributes to the establishment of a long-term sustainable footprint.
EMIL has a diverse portfolio of goods due to its in-depth knowledge of regional markets and product assortment expertise.
Electronics Mart India IPO – Weakness
The COVID-19 pandemic and the deteriorating general economic conditions that followed have had an impact on EMI business in previous fiscal years and could have a major future impact on business, results of operations, financial condition, and/or cash flows.
For its product needs, EMI is reliant on outside sources. External suppliers’ inability or delay in delivering goods could have a materially negative impact on the company’s operations, financial performance, and reputation.
The profits of EMI are heavily reliant on a small number of brands. EMI revenues and profitability can be negatively impacted by the loss of any of their main brands or a reduction in the supply or volume from those brands.
If EMI fails to compete effectively in the marketplaces where they operate and fails to stay current on consumer trends and technological advancements, their market share may suffer.
Vedant Asset IPO is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under our Mutual fund distribution business.
Vedant Asset Limited is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under our Mutual fund distribution business.
Vedant Asset handles more than 100 Crore’s of AUM and over 500 Clients.
Vedant Mitra offers the following services:
Banking Services: Account Opening, Deposit/Withdrawl Services, Other Banking Services.
Financial Services: Mutual Fund investment, Insurance, Loan through Banks and NBFCs.
Remittance services: Adhaar enabled payment System, Direct Money Transfer services, Vedant pay (mATM).
Other Value-added Services: M-POS (PAN & Adhaar), Bill Payments & recharge, Ticketing and Touring.
