Scarnose International IPO manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading.
Incorporated in 2011, Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited’s product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.
The company started manufacturing ladies’ dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand “Scarnose”.
The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.
Strengths:
Rich management experience and skilled team
Smooth flow of operations
Well-defined organizational structure
Existing Supplier Relationship
Customer Centric Business Model
Objects of the Issue
To meet the working capital requirements.
To make the repayment of Unsecured Loan.
To meet the Issue Expenses.
General Corporate Purposes.
Company Financials
Particulars
31- March -22
31-March -21
31-March -20
Total Assets
1242.25
457.8
1204.91
Total Revenue
9593.02
3255.72
1204.56
Profit After Tax
33.42
22.51
2.81
Company Contact Information
Scarnose International Limited 503, Sun Square, Nr Hotel Nest, Off C. G. Road, Navrangpura, Ahmedabad – 380006, Phone: 079 – 4897 5503 Email: compliance@scarnose.com Website: https://scarnose.com/
KCK Industries Limited is engaged in the business of trading and distribution of high-quality combed and carded cotton yarns. The yarns are used for apparel, undergarments, Terry Towels, Denims, Medical Fabrics, Furnishing Fabrics and Industrial Fabrics.
The company’s products portfolio in chemicals and dyes includes Combed yarn and Carded yarn, Easy Care Finishing, Softener, Pigment printing,Softener, ntifoaming/Deaerating and basic chemicals.
KCK Industries Limited also has a processing plant for non-basmati and basmati rice. The company has a strong network of wholesalers, semi wholesalers and retailers.
Strengths:
Diversified Product Portfolio
Focus on Quality and Innovation
Experienced Promoters and a well trained employee base
Quality Assurance
Cordial relations with our customers and Suppliers
Improving functional efficiency
Objects of the Issue
To part finance the requirement of Working Capital.
CL Educate Limited is engaged in providing educational products and services. Checkout CL Educate buyback 2022 price, size, buyback acceptance ratio and more details.
The business operation of the company can be divided into four major verticals.
Consumer Test Preparation
Consumer Publishing
Enterprise Corporate
Enterprise Institutional
CL Educate Limited is also engaged in research incubation and support services. It provides this service to educational institutions and competitive test-preparation hubs. The company is also expanding in international examination preparation courses such as GRE, GMAT. CL Educate Limited also carries out non-test preparation courses. It includes CFA and Data Science,
The company offers services to Experiential Marketing and Event Management Solutions hubs. Currently, CL Educate Limited have 200 test-preparation centers. It is located in 100 cities in India. The company has one examination center in UAE also.
NECESSITY OF THE ISSUE:
The objective of the Buyback of the Company is:
To improve the financial matrix of the Company. The financial matrix is ROE, RoCE
Reduction of the equity base of the Company
Long-term wealth creation with an increase in shareholders’ value.
The Board of the Company has approved the proposal for the buyback. The Company plans to buy around a small per cent of the CL Educate share price target. The buyback is Rs. 10 crores at Rs. 170 per equity share of the Company. The Company has started the buyback offer. It is payable in cash, representing paid-up equity share capital and free reserves of the Company. Get detailed CL Educatenews and analysis, Dividend, Bonus Issue, and Quarterly results here.
On the buyback day, the Company’s shares registered a flat trade. The stock ends the day with a closing price of Rs. 120. The stock of the Company also recorded a high of Rs. 121.2. The intraday low was Rs. 118.4. The stock of the Company has been in a downtrend in the last year. The company board has not stated any minimum purchase requirements. No other conditions are mentioned in their open market-based buyback.
The Company also stated that they would enhance their buyback size. It will be done if the equity shares have been bought back well below the buyback price, currently, as of the latest shareholding pattern of the Company. The promoters of the Company hold 50.94 per cent. The institutional players hold 10.36 per cent. The non-banking mutual funds have no holding in the Company. The retail investors and the others are the second majority shareholders of the Company. They hold 38.43 per cent of the Company’s equity.
Fidel Softech Limited is a new age Technology company. It is a LangTech based Consulting company. The company provides technological services in lieu with local language user interfaces. The headquarters of Fidel Softech Limited are in Pune. It was established in 2003. Let’s delve deep into understanding some key elements about the Fidel Softech IPO.
Fidel Softech has a diversified portfolio. The company is engaged in Software development, Localization including translation, Infrastructure & Cloud support and multilingual data creation. It is also engaged in interpretation, software localization and Cloud infrastructure support services.
Fidel Softech Limited has also started new business vertical. The company has entered in Multilingual data creation, Annotation for training AI engines and Video subtitling. The company is making base for Data engineering and tooling services. Fidel Softech Limited has a large customer base. The company has associated clients in across 20 countries. The company has a presence in many technology hub countries.
The competitive strengths of the company are as follows:
Fidel Softech Limited offers a highly innovative technology service solution. It provides its service with the sync in UI/ UX.
The company has a diversified service portfolio.
Fidel Softech Limited has widespread Client base.
The company is known for its Quality assurance.
The promoter and management of the company is managed by qualified individuals.
However, the company also has some threats. It is as follows:
The company operates in a highly competitive sector.
The work operation of the company is very staggered and fragmented.
The company holds as issue in Cash surplus and accruals.
OBJECTS OF THE IPO ISSUE:
Prepayment of all the company’s loans is availed on a consolidated basis.
Fidel Softech Limited recently got approval from SEBI. The company is set to launch its IPO in the market. The company stated that it would raise around Rs. 13.51 crores from the IPO. It is a purely an issue of fresh equity of the company. Fidel Softech Limited’s IPO is of 3,650,000 equity shares of the company. There is no such OFS offer in the IPO. The issue of fresh equity is of full 3,650,000 equity shares of the company.
The company also stated that it would utilize around Rs. 9.43 crores for the working capital of the company. It also stated that it would utilize another Rs. 2.70 crores for corporate purposes. At the same time, remaining fund will be used for the repayment of loans. The IPO offer of the company is a fixed price issue type IPO that has been priced at Rs. 37 per equity share. Post allotment, the company’s shares will be listed on the NSE SME Emerge platform. The company also stated that the issue constitutes 26.53 % of the company’s post-issue fully paid-up equity capital base.
Post-IPO, the company’s current fully paid-up equity capital base will enhance to Rs. 13.75 crores. Earlier it was Rs. 10.10 crores. Based on the valuations of the IPO, the company aims to achieve a market capitalization of Rs. 50.88 crores.
Fidel Softech Limited IPO Open Date
May 30, 2022
Fidel Softech Limited IPO Close Date
June 2, 2022
Issue Type
Fixed Price Issue type IPO
Fidel Softech Limited IPO Face Value
Rs. 10 per equity share
Fidel Softech Limited IPO Price
Rs. 37 per equity share
Fidel Softech Limited IPO Lot Size
One lot of 3000 equity shares of the company
Minimum Order Quantity
3000 equity shares of the company
Minimum Order Price
Rs. 111,000
Maximum Order Quantity
3000 equity shares of the company
Maximum Order Price
Rs. 111,000
Issue Size
3,650,000 equity shares of the company aggregate to a sum of Rs. 13.51 Crores
Fresh Issue
3,650,000 equity shares of the company aggregate to a sum of Rs. 13.51 Crores
Aether Industries Limited was established in 2013; it manufactures specialty chemicals and API’s. The company produces various chemicals such as 4MEP, MMBC, T2E, OTBN, and Bifenthrin Alcohol. The company has three major business verticals. Let’s delve deep into understanding some key elements about the Aether Industries IPO.
Large-scale manufacturing in API and specialty chemicals.
CRAMS is also known as contract research and manufacturing services
Contract manufacturing.
The company has two manufacturing plants. It is located in Surat, Gujarat. The company can carry out manufacturing in 16 production streams. The capacity of the plants is 6,096 MT per year. Aether Industries Limited has a diversified product portfolio of 25 products. It has a market base in 18 countries. Aether Industries Limited also has a synergy with 34 global companies. The company holds a creative approach. It has formulated a mix of chemistry, technology, and systems. It has helped the business growth of the company.
OBJECTS OF THE AETHER INDUSTRIES IPO ISSUE:
Prepayment of all the loans of the company. It will be done on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
Aether Industries Limited also has an objective to fund its CAPEX Plan. The company wants to expand its existing manufacturing unit capacity. It also intends to develop new facilities. Aether Industries Limited intends to carry out a technology upgradation.
Aether Industries Limited is a market leader company in its product segment.
The company has a huge emphasis on R&D., and It has helped it capitalize on its technology and chemical manufacturing.
Aether Industries Limited has a long-standing relationship with consumers. It has a differentiated client base.
Aether Industries Limited has a Large-scale manufacturing capacity. It also holds CRAMS and contract manufacturing.
Aether Industries Limited strictly follows guidelines for its QEHS operations. It also helped the company’s business operation to attain better profitability.
The company has a solid financial performance.
Aether Industries Limited has a team of experts in all segments. The company also has a strong promoter.
AETHER INDUSTRIES IPO DETAILS:
Aether Industries Limited is a company with its headquarters in Surat. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer. The IPO offer of the company is Rs. 808.04 crores. It is a mix of an OFS offer of Rs. 181.04 crores. It corresponds to 2,820,000 equity shares of the company. It also contains an issue of fresh equity worth Rs. 627.00 crores by the company.
The company stated that it would utilize funds as below:
Repayment and pre-payment of the borrowings of the company
Rs. 137.90 crores
Working capital
Rs. 165.00 crores
CAPEX Plan
Rs. 163.00 crores
General corporate purpose
Remaining funds
The company fixed the price band to Rs. 610.00 – Rs. 642.00 per equity share. Post allotment, the company’s shares will be listed on BSE and NSE. The IPO issue offer constitutes 10.11 % of the company’s post-issue fully paid-up equity capital base. The company also completed its Pre – IPO allotment round. In it, the company allotted equity shares of the company.
It was allotted at Rs. 610.00 per share. It was done to raise Rs. 130.00 crores funding. It reduced the IPO fresh equity offer to Rs. 627.00 crores. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 114.72 crores to Rs. 124.48 crores. On the upper band of IPO, the company’s market share will be Rs. 7991.79 crores.
IPO Opening Date
May 24, 2022
IPO Closing Date
May 26, 2022
Issue Type
Book Building Type Issue IPO
Face Value
Rs.10 per Equity share
IPO Price Band
Rs. 610 – Rs. 642 per equity share
Market Lot
One lot of 350 equity shares of the company
Minimum Order Quantity
One lot corresponding to 23 equity shares of the company
Minimum Order Price
Rs. 14,766
Maximum Order Quantity
13 lots corresponding to 299 equity shares of the company
Maximum Order Price
Rs. 191,958
Listing At
BSE, NSE
Issue Size
12,586,352 Equity shares of the company, which corresponds to Rs. 808.04 crores
Fresh Issue
9,766,352 Equity shares of the company, which corresponds to Rs. 627.00 crores
Offer for Sale
2,820,000 Equity shares of the company, which corresponds to Rs. 181.04 Crores
STRENGTHS AND OPPORTUNITIES OF AETHER INDUSTRIES IPO:
Aether Industries Limited has an established market position. The company has maintained a strong relationship with global and domestic clients. Some clients are Neogen Chemicals, Moehs Catalana, Divi’s Lab, and Aarti Drugs.
The company is the global leader in the manufacturing of 4MEP. It is on both terms, volume and production. It is also the only manufacturer of 4MEP in India. The company is also the largest manufacturer of NODG and T2E globally.
Aether Industries Limited has a diversified product portfolio. The company holds a leadership position in sustainable chemistry.
The company follows its core principle of manufacturing design engineering. It has made the company turned into a reputed firm.
Aether Industries limited has a strong global as well as domestic presence.
The company has a great In-house R&D team. It has helped the company to formulate and manufacture chemicals and API’s.
Aether Industries Limited has a diversified product portfolio. The products of the company have been used in the diversified sector. It includes pharmaceutical, electronic chemical, material science, fine/specialty chemical, and agrochemical industry. It has led to large revenue growth for the company.
Aether Industries Limited is the only large-scale manufacturer of some of the products in India.
Aether Industries Limited has a comfortable financial risk profile. The company has recorded solid financial performance in the past. The company is a steady and healthy accretion to reserves. It has a comfortable capital structure.
The company has healthy profitability. The debt-protection matrix of the company is comfortable. The company will take a CAPEX of around 90-100 crore in FY2022 and FY2023. It signifies the strong demand and outlook of the company.
Aether Industries will get benefit from the PLI scheme. It will also benefit from the growth projection of the specialty chemical sector.
WEAKNESSES AND THREATS OF AETHER INDUSTRIES IPO:
Aether Industries needs to follow strict quality and operational requirements. The company is under regular audits and inspections.
The specialty chemical sector has very stiff competition. The company needs to follow and execute its plans properly. Any wrong decision and wrong operation execution can lead to a significant loss to the company.
Aether Industries is vulnerable to the prices of raw materials. It is also vulnerable to supply chain demand and network and shipping costs. It is vulnerable to forex rate fluctuation.
The company relies heavily on its In-house R&D. Any inefficiency in it can significantly impact its financial matrix.
As the company has no long-term contact with any customers, any termination or dis-attachment from the company will affect it adversely.
The dependency to earn revenue is limited to certain products.
Aether Industries has a huge working capital requirement. It has led the company to maintain a high inventory.
The major threat to the company is the susceptibility to their project implementation. It can be a serious issue if there are any stabilization risks.
The company doesn’t have a long-term contract with its key clients.
Any Non-compliance with regulatory requirements can lead to serious harm to the company’s reputation.
The company is currently facing a trial under legal procedures. It is on the promoters, board of directors, and their group company.
FINANCIAL TRENDS OF AETHER INDUSTRIES IPO:
Particulars
For the year ending with the amount as in Rs. in Million
31 Dec 21
31 Dec 20
31 Mar 21
31 Mar 20
31 Mar 19
Total Assets
7,095.61
4,000.95
4,529.44
3,004.67
2,066.75
Total Revenue
4,493.15
3,373.41
4,537.89
3,037.81
2,032.77
Profit After Tax
829.06
482.54
711.19
399.56
233.35
PARAMETER
MARCH 21
MARCH 20
YoY %
Earnings Per Share (Rs)
70.42
46.68
50.87
CEPS (Rs)
7.39
5.08
45.62
DPS (Rs)
0.00
0.00
0.00
Book NAV/Share (Rs)
172.62
91.45
88.77
Tax Rate (%)
24.19
29.29
-17.43
Core EBITDA Margin (%)
24.91
23.77
4.80
EBIT Margin (%)
23.35
21.82
6.98
Pre-Tax Margin (%)
20.84
18.72
11.31
PAT Margin (%)
15.80
13.24
19.34
Cash Profit Margin (%)
18.24
15.84
15.19
ROA (%)
18.88
15.76
19.81
ROE (%)
56.31
68.40
-17.69
ROCE (%)
33.30
31.87
4.49
Asset Turnover (x)
1.20
1.19
0.39
Sales/Fixed Asset (x)
2.26
2.24
1.00
Working Capital/Sales (x)
6.29
10.09
-37.67
Fixed Capital/Sales (x)
0.44
0.45
-0.99
Receivable days
69.40
67.20
3.27
Inventory Days
63.50
67.57
-6.02
Payable days
73.16
76.21
-4.00
EV/Net Sales (x)
0.47
0.58
-18.65
EV/Core EBITDA (x)
1.83
2.38
-23.02
EV/EBIT (x)
2.02
2.66
-24.01
EV/CE (x)
0.47
0.58
-19.57
Net Sales Growth (%)
49.04
50.02
-1.95
Core EBITDA Growth (%)
57.51
48.64
18.23
EBIT Growth (%)
59.56
52.52
13.40
PAT Growth (%)
77.99
71.23
9.50
EPS Growth (%)
50.87
71.23
-28.58
Total Debt/Equity (x)
1.19
2.18
-45.17
Current Ratio (x)
1.44
1.25
15.02
Quick Ratio (x)
0.92
0.64
42.80
Interest Cover (x)
9.29
7.03
32.21
COMPARISON WITH PEERS OF AETHER INDUSTRIES IPO:
Name of the Company
EPS of the company as in Rs.
PE ratio
PAT of the company as in Rs. in crores
Market cap of the company as in Rs. in crores
Aether Industries Limited
9
72
109
7704
Clean Science and Technology Limited
27.54
62.2
292
18242
Navin Fluorine International Limited
53.09
71
263
18676
Vinati Organics Limited
33.73
62.2
347
21561
PI Industries Limited
55.62
47.5
844
40058
AETHER INDUSTRIES LIMITED PROMOTERS:
The promoters of the company are as follows:
Ashwin Jayantilal Desai
Purnima Ashwin Desai
Rohan Ashwin Desai
Dr. Aman Ashvin Desai
ADJ Family Trust
PAD Family Trust
RAD Family Trust
AAD Family Trust
AAD Business Trust
Pre-Issue Share Holding
96.96%
Post Issue Share Holding
87.09%
COMPANY ADDRESS:
Aether Industries Limited Plot No. 8203, GIDC, Sachin, Surat – 394230, Gujarat Tel: +91 261 660 3360 Contact Person: Chitrarth Rajan Parghi Company Secretary and Compliance Officer E-mail: compliance@aether.co.in Website: www.aether.co.in
AETHER INDUSTRIES IPO REGISTRAR:
Link Intime India Private Limited C 101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West), Mumbai 400 083 Maharashtra, India Telephone: +91 22 4918 6200 E-mail: aether.ipo@linkintime.co.in Website: www.linkintime.co.in
Globesecure Technologies Limited is a new age digital transformation sector company. The company is engaged in providing cyber security services. Globesecure Technologies Limited has executed various cyber security transformation projects. It has also completed the cyber security service project in the infrastructure and digital transformation sector. let’s know detailed information about Globesecure Technologies IPO.
Globesecure Technologies Limited’s business can be divided into three major divisions. It is:
Cyber Security
Integrated Enterprise Solutions
Managed Services including
Under the Managed Services portfolio, the company provides cyber forensics, protection of computer networks, cyber security, server consolidation, data security services, infrastructure-as-a-service, Email security, cloud-based big data and analytics solution, hosting and application modernization services.
The Competitive Strengths of the Globesecure Technologies IPO are as follows:
Globesecure Technologies Limited has experienced management. The company has professionals in all business divisions. It has helped the company to scale up and expand its business venture.
Globesecure Technologies Limited has a dedicated tech and customer-centric support team.
The company has a great track record of handling complex migration projects.
Globesecure Technologies Limited have a Dynamic revenue model.
The company has a solid relationship with its clientele.
There are some harms associated with the company.
The company’s major revenue is from BFSI – Banking, Financial Services, and Insurance sector. It shows a high dependency on the company in the sector.
Globesecure Technologies Limited is engaged in a highly competitive and fragmented sector.
Globesecure Technologies Limited operates from the premises on leave and license.
Globesecure Technologies Limited has posted super earnings, which caused a suspicious outlook on the company.
The company’s top line has been static, and there has been no growth trajectory.
OBJECTS OF THE IPO ISSUE:
Prepayment of all the company’s loans is availed on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
GLOBESECURE TECHNOLOGIES IPO DETAILS:
Globesecure Technology Limited is a company with its headquarters in Mumbai. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer. The IPO offer of the company is Rs. 10.13 crores. It is a pure issue of fresh equity offers. The fresh equity is worth the 3,492,000 equity shares of the company.
Working capital
Rs. 6.98 crores
General corporate purpose
Rs. 1.63 crores
Repayment and pre-payment of the borrowings of the company
Remaining funds
The IPO of the company is a fixed price issue. The price has been fixed to Rs. 29 per equity share. Post allotment, the company’s shares will be listed on NSE – SME Emerge platform. The IPO issue offer constitutes 38.34 % of the post issue fully paid-up equity capital base of the company. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 5.62 Crores to Rs. 9.11 crores. On the upper band of IPO, the company’s market share will be Rs. 26.41 crores.
Navi Finserv Limited is a subsidiary company of Navi Technologies Limited. The parent company was started by Sachin Bansal, ex – promoter of Flipkart. Navi Finserv Limited is a registered non-deposit NBFC with RBI. The Company was earlier known as Chaitanya Rural Intermediation Development Services Private Limited. The Company was incorporated in 2012. Navi Finserv Limited is engaged in the Financial Services business. In this article, we take a closer look at the Navi Finserv NCD Details and its possible future prospects.
The service portfolio of the Company is:
Digital Personal Loans
Housing Loans
Loans Against Property
Microfinance Loans
The Company provides this service via their mobile application Navi app. Navi Finserv Limited’s business model is the mobile-first, app-only model. The Company has reached a wide range of customers through their business operation. Today, Navi Finserv is accessible in 84 % of all Indian pin codes. In-home loans segment, Navi Finserv, has reached 8 cities in India.
As per the latest reports, the consolidated AUM of Navi Finserv Limited is at Rs. 36.5 billion. Navi Finserv operates with a systematic and focused approach. It helps the Company to meet the borrowing needs required of middle-class India. The main goal of Navi Finserv is empowerment, along with the capacity building. The Company has a higher degree of focus on middle-class India.
Along with the primary business, the Company is also engaged in general insurance. The Company has set up a subsidiary for it, Navi General Insurance. It also acquired Dewan Housing Finance Limited in 2020.
The Company stated that the funds been raised from the proceeds of the NCD would be utilized to:
For onward lending.
Financing along with the repayment and the prepayment of the interest and the principal of the outstanding dues of the Company.
General Corporate Purposes.
NAVI FINSERV LIMITED NCD DETAIL:
IPO Bound Navi Finserv has approved its NCD offer. The Company intends to raise funds before IPO through a debt-based NCD offer. Navi Finserv’s board is coming up with their first NCD offer. The Company also stated that the funds raised via the NCD offer would partially finance the needs. The needs are for carrying out the onward lending and the financing of its business. Navi Finserv stated that it would grant around 75% of the net issue collections from the NCD offer.
The Company will also use the rest 25% for general corporate purposes. The NCD offer of the Company is a Rated, Secured, Transferable and Redeemable Non-Convertible Debentures (NCDs). The price has been fixed at Rs. 1000 each. The Company aims to raise around Rs. 300 crores via the NCD offer.
The NCD offer of the Company also holds a greenshoe option to retain oversubscription to the tune of Rs. 300 crores raised within the offer. As a result, the overall size of this NCD issue will be Rs. 600 crores. The minimum application made within this NCD offer is for 10 NCDs and in multiples of 1 NCD. Post allotment of the NCD, the shares will be listed on BSE and NSE.
This debt offering consists of 18 and 27 months. The offered coupon rates range from 9.20% to 9.80%. It is within the Monthly and Annually payment of the interests. The Company also stated that there is no option of Put and Call buying and writing for this debt-based NCD issue. Also, the Company stated that no portion of the NCD offer has any reservation.
Issue Open
May 23, 2022 to June 10, 2022
Security Name
Navi Finserv Limited
Security Type
Secured, Redeemable Non-Convertible Debentures
Base Issue Size
Rs. 300.00 Crores
Shelf Issue Size
Rs. 300.00 Crores
Issue Price
Rs. 1000 per Non-Convertible Debentures
Face Value
Rs. 1000 each Non-Convertible Debentures
Minimum Lot size of NCD
10 NCD that corresponds to Rs.10,000
Market Lot of the NCD
1 NCD
Listing At
BSE, NSE
Credit Rating
IND A/ Stable outlook as by India Ratings & Research Private Limited
Tenor of the NCD
18 months and 27 months
Series
Series I to IV
Payment Frequency of the NCD
Monthly and Annually
Basis of Allotment of the NCD
First Come, First Serve Basis
Options
Tenure
Frequency of Interest Payment
Coupon (% per annum) for NCD Holders in Category I, II, III & Iv
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category I, II, III & IV (%)
Effective Yield for NCD Holders in Category I, II, III & IV (%)
Navi Finserv has a large Capital Base. The Company has been able to carry out Deployment Across Various Segments. It helped the Company to register a better and more stable financial matrix.
Navi Finserv has a Reserve Equity to Support Business Requirements. The Company has been able to manage its corpus effectively. From Rs. 40 billion corpora, it has infused Rs.18 billion in lending businesses. The remaining is available for equity infusion. Navi Finserv also intends for further expansion.
The promoters of Navi Finserv have a very solid track record of fundraising.
Eminent Board members and professionals are working in the Company. It has helped Navi Finserv Limited expand its business operations with an opportunity to be in new business verticals.
The Company has set up a lending head and the two product heads. They look after the housing and digital loan segments of the Company.
WEAKNESS OF THE NAVI FINSERV NCD:
Navi Finserv has a very High Disbursement to Outstanding Ratio. Navi Finserv has registered a growth in its monthly run rate. It is now of Rs. 5 billion disbursements. The Company also stated that it would further increase in coming quarters. It is a growth prospect. Still, the unseasoned portfolio can be a material credit cost risk.
Recently Navi Finserv registered an important development in their analytics and processing algorithms. It has led to low early delinquency in their second and third quarter disbursement matrix.
Navi Finserv is ramping up its lending businesses. The Company is carrying out leverage of their microfinance business. The consolidated leverage of Navi Finserv, including internal debt, was at a multiple of 3.45 times.
The Company has also made plans to maintain robust liquidity, not to have any liquidity crunch issues.
PROMOTERS OF NAVI FINSERV LIMITED:
The promoters of the Company are as follows:
Navi Technologies Limited
NAVI FINSERV NCD RATING:
The NCD offers brought by the Company have been rated. It is rated as Ind A/ with a Stable Outlook. India Ratings & Research Private Limited has done the NCD offer rating. The rating agency has assigned a stable outlook. The agency also stated that no such impressive commentary is there. Rather the rating agency also accounted that the Company holds a degree of safety in terms of the timely servicing of its financial obligations and the carry-over of low credit risk.
COMPANY FINANCIALS:
Particulars
For the year ending with the amount as in Rs in Millions
Rachana Infrastructure Limited is a company engaged in the infrastructure segment. The company offers services of infrastructure and civil construction. Rachana Infrastructure is a small-cap private sector company. The major engagement of Rachana Infrastructure is the construction of roads and highways, hydropower project, irrigation and mining & pipeline. In this article, we take a closer look at the Rachana Infrastructure IPO Details and its possible future prospects.
Rachana Infrastructure Limited is currently on the verge of growth. The company is aggressively expanding their business in Maharashtra, Jharkhand, Madhya Pradesh and Rajasthan. The company has a PAN India Client base. Rachana Infrastructure Limited has completed many road projects. It includes MPRDC- ADB Loan IV, C.C. Road Construction for MP PWD, OPAL Petrochemical Refinery Road and Vadodara-Mumbai 6 Lane Highway.
The company has an in-house integrated system. It also holds machinery for all stages of mining. Rachana Infrastructure also holds types of machinery for Crushing and Finished Production. Rachana Infrastructure has also completed projects for the Government of India.
The Marquee clients of the company are:
Public Works Department of Madhya Pradesh
Madhya Pradesh Road Development Corporation
Power Grid Corporation of India
Road and Building Department of Gujarat State
Gujarat Minerals Development Corporation
Road Construction Department of Jharkhand
Ahmedabad Municipal Corporation
ONGC Petro-Additions Limited
Ahmedabad Urban Development Corporation
Larsen & Toubro
Public Works Department of Maharashtra
Some of the competitive strengths of the company are as follows:
Rachana Infrastructure is a focused BOQ and EPC Road contractor firm.
Excellent Management with an integrated in-house project team.
Track record of strong execution capacity.
Robust Order Book is leading to visible growth.
The negative drivers are as follows:
The company operates in a highly fragmented and competitive segment.
The financial matrix of Rachana Infrastructure is not solid.
The asking P.E. of the IPO makes the offer highly overpriced.
OBJECTS OF THE IPO ISSUE:
Prepayment of all the company’s loans is availed on a consolidated basis.
To meet corporate targets.
To fund the working capital requirement.
RACHANA INFRASTRUCTURE LIMITED IPO DETAILS:
Rachana Infrastructure Limited recently got approval from SEBI. The company is set to launch its IPO in the market. The company stated that it would raise around Rs. 77.97 crores from the IPO. It is a mix of an OFS and an issue of fresh equity of the company. The IPO offer is half OFS and half an Issue of Fresh equity. Rachana Infrastructure Limited’s IPO is of 5,650,000 equity shares of the company. The OFS offer is of 2,825,000 equity shares of the company. The issue of fresh equity is of another 2,825,000 equity shares of the company.
The company also stated that it would utilize around Rs. 21.50 crores for the working capital of the company. It also stated that it would utilize another Rs. 9.39 crores for corporate purposes. At the same time, Rs. 7.50 crores will be used for the repayment of loans. The IPO offer of the company is a fixed price issue type IPO that has been priced at Rs. 138 per equity share. Post allotment, the company’s shares will be listed on the NSE SME Emerge platform. The company also stated that the issue constitutes 30.37% of the company’s post-issue fully paid-up equity capital base.
Post-IPO, the company’s current fully paid-up equity capital base will enhance to Rs. 18.61 crores. Based on the valuations of the IPO, the company aims to achieve a market capitalization of Rs. 256.75 crores. Check Day by Day IPO Subscription Details (Live Status)
Sonu Infratech IPO Open Date
May 20, 2022
Sonu Infratech IPO Close Date
May 25, 2022
Issue Type
Fixed Price Issue type IPO
Sonu Infratech IPO Face Value
Rs. 10 per equity share
Sonu Infratech IPO Price
Rs. 138 per equity share
Sonu Infratech IPO Lot Size
One lot of 1000 equity shares of the company
Minimum Order Quantity
1000 equity shares of the company
Minimum Order Price
Rs. 138,000
Maximum Order Quantity
1000 equity shares of the company
Maximum Order Price
Rs. 138,000
Issue Size
5,650,000 equity shares of the company aggregate to a sum of Rs. 77.97 Crores
Fresh Issue
2,825,000 equity shares of the company aggregate to a sum of Rs. 38.99 Crores
Offer for Sale
2,825,000 equity shares of the company aggregate to a sum of Rs. 38.99 Crores
Listing At
NSE SME
Retail Shares Offered
50% of the net offer
NII (HNI) Shares Offered
50% of the net offer
Company Promoters
Mr. Girishkumar Raval Mrs. Bhaminiben Mehta
Basis of Allotment
Initiation of Refunds
The Credit of Shares to Demat
Sonu Infratech IPO Listing Date
FINANCIAL TRENDS OF RACHANA INFRASTRUCTURE IPO:
Particulars
For the year ending with the amount as in Rs. in Lakhs
eMudhra Limited is the largest licensed Certifying Authority in the country. The company’s business operation has been divided into two major segments. It is Digital Trust Services and Digital Enterprise Solutions. eMudhra Limited’s business provides digital services like individual or organizational certificates, SSL/TLS certificates, digital signature certificates, and device certificates. Let’s have a look at eMudhra IPO Dates, Price, GMP, Allotment, RHP and much more.
The company offers a service portfolio of digital security. It also engages in IT policy assessment, paperless transformation solutions, mobile application security, website security testing, and multi-factor authentication. eMudhra Limited is the only Indian company registered as CA with tech giants such as Microsoft, Adobe, Mozilla, and Apple. Till now, eMudhra has issued more than 50 million digital signature certificates.
It has a wide established network of 88,457 channel partners. Currently, eMudhra is linked with 36,233 retail customers and 563 enterprises. The top 10 banks have used the company’s service portfolio in the country. and 6 top automotive companies also use it. eMudhra has a close association with 19 top companies in the country as per the market capitalization.
OBJECTS OF THE IPO ISSUE:
Repayment and pre-payment of the borrowings of the company
Working capital
Product Development
Strategic Investment in eMudhra INC
Upgradation and purchase of additional equipment
General corporate purpose
eMUDHRA IPO DETAILS:
eMudhra Limited is a company with its headquarters in Bengaluru. The company recently got approval from SEBI. It earlier filed its DRHP for approval. The company is coming up with its IPO offer. eMuhdra IPO offer of the company is Rs. 412.79 crores. It is a mix of an OFS offer of Rs. 251.79 crores. It corresponds to 9,835,394 equity shares of the company. It also contains an issue of fresh equity worth Rs. 161.00 crores by the company.
The selling stakeholders as per the OFS are as follows:
Promoter
Number of shares offloaded in OFS
Venkatram Srinivasan
3,289,257 equity shares of the company
Taarav Pte Ltd
3,191,490 equity shares of the company
Kaushik Srinivasan
510,638 equity shares of the company
Lakshmi Kaushik
504,307 equity shares of the company
Arvind Srinivasan
881,869 equity shares of the company
Aishwarya Arvind
133,077 equity shares of the company
The company stated that it would utilize funds as below:
Repayment and pre-payment of the borrowings of the company
Rs. 35.00 crores
Working capital
Rs. 40.22 crores
Product Development
Rs. 15.03 crores
Strategic Investment in eMudhra INC
Rs. 15.27 crores
Upgradation and purchase of additional equipments
Rs. 46.36 crores
General corporate purpose
Remaining funds
The company fixed the price band to Rs. 243.00 – Rs. 256.00 per equity share. Post allotment, the company’s shares will be listed on BSE and NSE. The IPO issue offer constitutes 20.65 % of the company’s post-issue fully paid-up equity capital base. The company also completed its Pre – IPO allotment round. In it, the company allotted 16,03,617 equity shares of the company.
It was allotted at Rs. 243.00 per share. It was done to raise Rs. 39.00 crores funding. It reduced the IPO fresh equity offer to Rs. 161.00 crores. Post IPO offer, the fully paid-up equity capital of the company will increase. It will increase from Rs. 35.89 Crores to Rs. 39.04 crores. On the upper band of IPO, the company’s market share will be Rs. 1998.65 crores.
One lot corresponding to 58 equity shares of the company
Minimum Order Price
Rs. 14,848
Maximum Order Quantity
13 lots corresponding to 754 equity shares of the company
Maximum Order Price
Rs. 193,024
Maximum Retail Order Quantity
13 lots corresponding to 754 equity shares of the company
Minimum HNI Order Quantity
14 lots corresponding to 812 equity shares of the company
Listing At
BSE, NSE
Issue Size
16,124,450 equity shares of the company, which corresponds to Rs. 412.79 Crores
Fresh Issue
6,289,056 equity shares of the company, which corresponds to Rs. 161.00 Crores
Offer for Sale
9,835,394 equity shares of the company, which corresponds to Rs. 251.79 Crores
Basis of Allotment Type
% Of the Offer been allotted by IPO
Qualified Institutional Buyer
50
Non-Institutional Investor
15
Retail
35
Price Band Announcement:
May 12, 2022
Anchor Investors Allotment:
May 19, 2022
Basis of Allotment Date
May 27, 2022
Initiation of Refunds
May 30, 2022
The Credit of Shares to Demat Account
May 31, 2022
IPO Listing Date
June 01, 2022
STRENGTH AND OPPORTUNITIES OF eMUDHRA IPO:
eMudhra is the largest certifying authority in the country. The company holds an in this nation-based license by the GoI.
eMudhra is a one-stop digital transformation solution provider.
eMudhra holds a sheer dominance in its business sector. It holds 37.9 percent of the digital signature market share. eMudhra is also a market leader in digital transformation solutions.
eMudhra has a market share of 19 percent shares in the digitized trust services market.
eMudhra, till now, is the only company to receive accreditation through membership from Certifying Authority or Browser forum. It is also the only company to have membership in European Cloud Signature Consortium.
eMudhra Digital Trust and Enterprise Solutions operate data centers. It helps them to add facilities and improve their financial matrix.
eMudhra has a long-standing good association with its clients. The clients of the company are reputed firms. Such as:
JSW Steel
Baud Telecom Company
Larsen and Toubro Infotech Limited
Hindalco Industries Limited
Infosys Limited
Mindtree
eMudhra has an established market presence. The company has a strong association with many foreign tech giants. It includes Microsoft, Mozilla, Apple, Adobe, etc.
The company also has a differentiated product portfolio. It gives a competitive advantage to their business operation.
eMudhra is known for making high-quality items at affordable prices.
The company has registered a significant increase in its customer base. It also registered an increase in its business solutions.
eMudhra has years of experience. The management team of eMudhra has developed the company’s business operation to be a customer-centered one.
eMudhra needs to examine its strategy and execution carefully. To succeed, it needs to look at both its customers and its market position.
eMudhra lacks research to develop new resources. It also needs to upgrade and enhance its existing resources. It will help the company to have a strong business outlook.
eMudhra has planned an aggressive growth outlook. The company wants to operate in a new business vertical never operated before. So, the plan and execution need to be extremely important.
eMudhra business engagement depends heavily on a robust technology platform. So, any undervaluation of it can lead to an input cost increase. It will decrease the margins of the company. Also, it will impact the profitability and another financial matrix of the company.
The company is highly vulnerable to cyber security and database mismanagement attacks.
eMudhra has been accused of violating intellectual property rights.
eMudhra uses open-source software. It has been used in the products of the company. It can result in legal action against the company if any manipulation has been found.
eMudhra is also a fintech-based company. Currently, amidst the rise in inflation, the fintech company’s valuation has decreased significantly. eMudhra has currently concluded a rapid expansion plan. Expansion is all idea-based, which can be dangerous for the company’s operation.
FINANCIAL TRENDS OF eMUDHRA IPO:
Particulars
For the year ending with the amount as in Rs in millions
SMC Global Securities Limited was incorporated in 1994. The Company is engaged in providing financial services in the country. SMC Global Securities Limited-service portfolio includes brokerage, investment banking, distribution and wealth management. The Company is also engaged in the Insurance and Mutual Fund Investment services. CheckoutSMC Global Buyback 2022 price, size, buyback acceptance ratio and more details.
SMC Global Securities Limited also provides Advisory services and Portfolio Management to their clients. It has also started with Fixed Deposits, NPS services, IPO Financing and Real Estate Advisory. SMC Global has a PAN India presence. It also holds an international presence through offices in Dubai. The Company has a distribution network in 500+ cities. SMC Global Securities Limited has 2,500 registered sub-brokers under their business engagement. Some of the key highlights of the Company are as follows:
18,00,000+ client base
The workforce of more than 3,000 employees
Coverage in more than 500 cities of India and UAE.
Cumulative AUM with the mutual funds of 2,800 crores
It also provides Clearing settlement services. It has been associated with 280+ trading members.
NECESSITY OF THE ISSUE:
The objective of the Buyback of the Company is:
To improve the financial matrix of the Company. The financial matrix is ROE, RoCE
Reduction of the equity base of the Company
Long-term wealth creation with an increase in shareholders’ value.
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SMC GLOBAL BUYBACK 2022 OFFER DETAILS:
Buyback Type
Open Market Buyback
Buyback Record Date
Open Market Buyback, so no record date as for tendering process
The Board of the Company has approved the proposal for the buyback. The Company plans to buy around 5.76 per cent of the Company’s equity shares. The buyback is Rs. 75 crores at Rs. 115 per equity share of the Company. The Company has started the buyback offer. It is payable in cash, representing 9.64% paid-up equity share capital. It is also payable in cash, representing 8.78% of the free reserves of the Company.
On the buyback day, the Company’s shares rose to nearly 0.13 per cent. The stock ends the day with a closing price of Rs. 79.85. The stock of the Company also recorded a high of Rs. 81.25. The intraday low was Rs. 79.20. The stock of the Company has surged nearly 9% in the last year. The company board has not stated any minimum purchase requirements. No other conditions are mentioned in their open market-based buyback. The Company also stated that they would enhance their buyback size.
It will be done if the equity shares have been bought back well below the buyback price, currently, as of the latest shareholding pattern of the Company. The promoters of the Company hold 62.34 per cent. The institutional players hold only 0.30 per cent. The non-banking mutual funds have no holding in the Company. The retail investors and the others are the second majority shareholders of the Company. They hold 37.36 per cent of the Company’s equity.
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