Knowledge Center

Incorporated in November 2013, Mumbai based Burger King India Ltd is going to debut in the equity market in December 2020. The issue is going to open on December 02, 2020 and closing on December 4, 2020. The tentative dates of allotment and listing are December 09,2020 and December 14, 2020 respectively. The company has set the price range between INR 59 - INR 60 per share. The minimum lot is for 250 shares The issue is a mix of Fresh issue and Offer for sale. Fresh issue is for INR 450 Crore, and shares under Offer For Sale arrangement are 6,00,00,000 shares worth INR 360 Crore at its upper band. It's promoter shareholder QSR Asia Pte Ltd is offloading 6,00,00,000 shares under this arrangement. The company will not receive any proceeds from the offer for sale. The promoter selling shareholder will be entitled to the proceeds of the offer for sale.  The net proceeds from the fresh issue are proposed to be utilized in the following manner.: 1) Funding roll out of new ...

  Incorporated in March, 1978, Hyderabad based Gland Pharma Ltd is going to debut in the security market on November 9,2020. Fosun Singapore and Shanghai Fosun Pharma are the promoters of the company. By the way, they are not original promoters of the company. Basically, the company was incorporated by PVN Raju in 1978. However, incorporated in July 2016 in Singapore, Fosun Singapore acquired majority shareholding and control in and of the company in October 2017. As on date, it holds 74% of the pre-offer issued, subscribed and paid up equity share capital of the company. Shanghai based company Shanghai Fosun Pharma does not directly hold any of the equity share of the company. Actually, Shanghai Fosun Pharma holds 100% of the share capital of Fosun Industrial Co Ltd which holds 100% of the share capital of Fosun Singapore.  So, ultimately it is owned by Shanghai Fosun Pharma, China. The majority of directors are Chinese including Chairperson. EquitasSFB IPO   debuted in ...

  Chennai based Equitas Small Finance Bank Ltd is going to debut the security market through its ₹ 517.60 Crore IPO. This is the 12th mainstream IPO after COVID - 19 unlock process started in the country and 13th IPO of the year 2020 so far. After the SBI Cards & Payment System IPO launched in the first week of March 2020, the IPO market went into doom due to COVID - 19 outbreak across the globe. The country, in fact, the world had come to stand still.  However, the moment lockdown was lifted in May -20 in a phased manner, the companies queued up to launch their IPOs. The opener Rossari Biotech launched its IPO in the second week of July - 20 got a tremendous response and ended up oversubscribing by 79 times. The  bumper listing further enticed the IPO market. At the non-striker end was the bleeding Yes Bank which did not even manage to fully subscribe. The obvious reason of its failure is not unknown. There were no IPOs in August, 20, however, in September, 20, eight...

Shri Nirmala Sitharaman, the Finance Minister of India will be presenting her second Union Budget on February 1, 2020. There has been a lot of expectation from this budget.  Industries and Individual taxpayers are expecting to have some favorable things in the budge t. There has been hustling-bustling among the government officials since past few months in the budget preparation exercise. The Finance Ministers and her team must have sleepless nights for quite some time now. The have hold numerous meetings with industry experts, industrialists, consultants, bankers etc. It has also been noted that Prime Minister Narendra Modi is personally taking interest in the budgeting exercise this time which is quite rare. The PM also held various meetings focused primarily on budget. The year 2019 went very challenging for Modi-led Government. The Indian economy is all bruised. All the sectors are suffering and there is a JOBLESSNESS everywhere. The sluggish economy has been giving all the ...

Incorporated in September 1999, "Indian Railway Catering and Tourism Corporation Limited" -  a wholly owned Government company under the administration of Ministry of Railways has come up with its IPO. This is the fourth company under the MoR going public. RITES Ltd was the first who went public in June 2018 followed by  Rail Vikas Nigam Limited in September 2018 and Ircon International in April 2019. Out of these three, except Ircon, RITES Ltd and Rail Vikas Nigam Limited are trading at premium to its issue price as on September 27, 2019. Ircon has disappointed its investors. This company is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.  The company was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other ...

Incorporated in September 1999, a Delhi based company IndiaMART InterMesh Ltd is going to debut in the capital market through its IPO. This is the first IPO launch after General Elections results declared on May 23, 2019. It seems that IPO market may pick up its momentum from this juncture. The Modi Government's victory will help to enhance confidence of investors and the companies, and accordingly bullish the IPO market. Issue Details: The issue is going to open on June 24, 2019 and closing on June 26, 2019. The tentative dates of allotment and listing are July 3, 2019 and July 5, 2019 respectively. Out of 48,87,862 shares, 10,000 shares are reserved for employees. Out of balance 48,77,862 shares, 15% are reserved for Retail Investors. Object of the issue: As it is 100% offer for sale, the company is not going to receive any proceeds out of this IPO arrangement. The objects are to achieve the benefit of listing the Equity Shares on the Stock Exchanges and fo...

Incorporated in January 1996, Mumbai based Polycab India Ltd is going to debut in the primary market with its IPO on April 5, 2019. Today, Polycab is a household name. The famous Bollywood actor Paresh Rawal is brand ambassador of the company and appear every now and then on television, advertisement signboards and hoardings.  Issue details : This IPO is a mix of Offer For Sale and Fresh Issue. The company is going to garner Rs. 400  Crore through Fresh Issue and existing shareholders are offloading 1,75,82,000 shares under Offer For Sale arrangement which are 12.45% of pre-offer issued, subscribed and paid up shares. Total issue sizes is for Rs. 1346 Crore approx.  The issue is opening on April 5, 2019 and closing on April 9, 2019. The tentative dates of allotment and listing are April 15, 2019 and April 18,2019 respectively. The price is Rs. 533 - Rs. 538 per share. There is no discount to retail investors but employees are offered discount of Rs. 53 per s...