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Showing posts from February, 2018

Hindcon Chemicals Ltd IPO opens at the NSE Emerge

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Hindcon Chemicals Ltd, engaged in manufacturing wide range of chemical products, proposes to open its initial public offer (IPO) of up to 27,60,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to 7.73 Cr, on 26 February 2018 at the NSE Emerge platform. The issue will close on 28 February 2018.
The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses.The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Link Intime India Private Limited.
Hindcon Chemicals, incorporated in 1998, has been in the business of construction chemicals for the last 20 years. The Company has over 100 products in its portfolio with main foray into sodium silicate, waterproofing additives, plasticizers etc. The Company has its manufacturing facility located in Howrah which has an installed capacity of 30,000 MT per year. The total …

Movie Night at Seawoods Grand Central Mall Navi Mumbai

Navi Mumbai, February 21, 2018: For the first time, people of Navi Mumbai are set for a unique movie night experience at their favorite Seawoods Grand Central Mall. SGC, known for its ‘Out of the Box’ ways of consumer engagement, is all set to soar entertainment experience to new heights with ‘Movie Night’.
Popular Hollywood movie ‘TOP GUN’, featuring the all time legend Tom Cruise, will be viewed on a 30ft giant LED screen on 24th February at 10 PM. Guests will be treated to one of the most convenient ways of movie watching – relaxing on a bean bag. The entire set up will be developed at the mall atrium.
To make Movie Nights a holistic experience, there are several prizes and contests which will be hosted during the screening of the movie. ‘TOP GUN’ shall be the theme for both these contests, where people in thematic dresses will stand a chance to win exciting vouchers. SGC will also play a quiz to test the knowledge of the patrons about this old classic.

Share India Securities Ltd reports Rs 5.61 cr PAT for Q3FY18

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Financial Highlights
Q3FY18- 3 months ending 30 Dec 2017 (in INR Cr) FY2018 – 9 months ending30 Dec 2017 (In INR Cr) FY2017 – 12 months ending 31 March 2017 (In INR Cr) Total Revenue 39.56 97.81 110.14 PAT 5.62 12.10 8.09 PBIT 10.03

VASA Retail and Overseas Ltd Shares List at 20% premium, despite turmoil in the equity markets

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The Equity Shares of VASARetail and Overseas Ltd, engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, surged 20 percent to Rs 36, post the listing on NSE Emerge platform.
Lead Managers to the issue Mr Gaurav Jain & Mr Prateek Jain, Directors, Hem Securities, said “We are delighted to have received such a staggering investor response to this IPO which came at an opportune time with right valuations. The Company’s maiden public issue generated record demand among this year’s SME public issues and was subscribed over 206 times.  It’s good to see the SME IPO investors continue to reap bumper returns in 2018 as well from the fundamentally good quality companies that are poised for accelerated growth”
While addressing the gathering on the momentous occasion of the Company’s listing ceremony at NSE, Mr. Hardik Vasa, Chairman, Managing Director and Promoter, VASA Retail and Overseas Ltd said “It’s a great moment for all of us at Vasa Group …

Union Budget FY2019 highly positive for Cold Logistic, Storage Chain and Equipment Manufactures

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The Finance Minister in his last full budget focused strongly on infrastructure, health, education, agriculture and rural sector.  Ice Make Refrigeration Limited (Ice Make) would rate this as a strongly positive budget for agriculture, food processing, dairy, and cold chain logistic and storage sector.
The Budget is prudently focused on improving farm income through heavy investments into rural infrastructure and social welfare areas like education, health, affordable housing, sanitation and social security. All these measures are likely to significantly reduce farmer distress levels and increase disposable income in the hands of rural population, both from agriculture and non-agriculture activities. Rural population was one of the biggest winners of this budget, with a sharp increase in MSP, heavy investment in agricultural markets and health protection in addition to increased focus on education and other social welfare schemes.
Some of the key measures announced by FM which will be…

Union Budget 2018-19 : MSME and Rural focus not only good politics, but also good economics-Share India Securities Ltd

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Mr Abhinav Gupta, President, Capital Market, Share India Securities Ltd, says "Imposition of LTCG at 10% was on expected lines even as market was expecting increase of holding period to 3 years instead of imposition of tax. However, having said that market was factoring in some level of taxation for long term holders of 1 years in equity segment. The budget now leads to low benefit of holding a stock for more than 1 year which should lead to higher trading by market participants. The tax would impact sentiment in negative effect which would be completely priced in over the course of next few days. This would certainly reduce the flow of domestic money through SIP route in second half of the year"
This budget in its perfect sense is a Roti-Kapada and Kisaan budget. The move to cut corporate taxes to 25 % for companies with turnover less than Rs 250 crore is great, will benefit MSMEs and enable them to have higher working capital and investment capex ,which is much needed in th…