17 September 2014

Shemaroo Ent, Sharda IPO: Grey Market Premium, Expected Listing Price, Kostak Price (Minimum Application)

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Issue Name
Price Band
Grey Market Premium
Listing Price
Kostak Price
(Minimum Application)
Shemaroo Entertainment 
Rs. 155 -. 170
(Rs 153, 10% discount for retail)
55 to 60
Rs 210
Rs. 700/- to Rs.750/-
(Bid Lot Min. : 85 Shares)
Sharda Cropchem
Rs. 156
70 to 75
Rs 230






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Monte Carlo Fashions gets Sebi go-ahead for IPO

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Monte Carlo Fashions (MCFL) has got a go-ahead from the capital markets regulator Sebi for its estimated Rs 500-crore Initial Public Offer (IPO), wherein 54.33 lakh equity shares would be sold by shareholders including promoters and private equity firm Samara Capital.
Paving the way for IPO, Sebi issued its observations on September 12 for the public offer, which would be an Offer for Sale by selling shareholders. The lead merchant banker for the public offer is SBI Capital Markets.
he Offer for Sale is expected to hit the market later this month and will constitute 25 per cent of the post paid-up equity share capital of the company.
The company has said that its PE investor Samara Capital has decided to divest 9.5 per cent stake and promoters will dilute 15 per cent stake through offer for sale.
In June 2012, Samara Capital, a Mauritius based India focused private equity firm, through its affiliate, KIL, acquired a stake in MCFL and currently holds 18.51 per cent of the pre-Offer capital of the company acquired at an investment amount aggregating to Rs 175 crore.
After the IPO, KIL will hold 9.04 per cent after selling 20,58,026 equity shares.
The company expects the listing of equity shares will enhance visibility and brand image among existing and potential customers and provide liquidity to the existing shareholders, Monte Carlo Executive Director Sandeep Jain said.
Launched in 1984 as an exclusive woollen brand by Oswal Woollen Mills Ltd (OWML), Monte Carlo plans to continue to focus on the growth of its cotton and cotton-blended apparel to establish pan-India presence.
"As part of our growth strategy, the company has a target of establishing 275 'Monte Carlo exclusive brand outlets' by the end of fiscal 2017. We seek to penetrate further in the western and southern regions of India," Jain recently said.
He said they will continue to focus expansion in tier-I cities in north India, along side focusing expansions in tier-II cities in north, east and central India and tier-I cities of south and west India by opening additional 'Monte Carlo Exclusive Brand Outlets.


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Momai Apparel launches Rs 41 cr SME IPO

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Momai Apparel, which claims to be have the world's largest product basket of loungewear, has hit the primary market with a Rs 41-crore issue and today sold the entire pre-IPO placement portion.

The city-based company, which is a subsidiary of Ashapura Intimates Fashion, said the entire portion of the pre-IPO worth Rs 13.33 crore was closed by allotting 17,08,800 shares at Rs 78 a share.

The company, which has Sidbi as an institutional investor, claimed this is the biggest SME issue so far in the country. The stocks will be listed on the NSE Emerge platform post-the issue.

Momai is into manufacturing of innerwear like loungewear, bridal night wear, honeymoon sets, bathrobes, night wear, and sportswear, leggings, camisole etc. Momai had filed for public issue last month.

The proceeds from the issue will be utilised for acquisition of land for new manufacturing facility, long term working capital requirements, general corporate purpose and issue expenses.

Pantomath Capital Advisors is the sole book running lead manager to the issue.



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Subscribe to Shemaroo IPO for listing gains: Nirmal Bang, PDF link

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Nirmal Bang's report on Shemaroo Entertainment
Shemaroo Entertainment (SEL) is an integrated media content house in India with activities across content acquisition, value addition to content and content distribution. Its content Library consists of more than 2,900 titles including 700+ of “perpetual rights”. “Perpetual Rights”, allows the company to distribute content worldwide for a perpetual period across all mediums. Titles over which it has limited ownership rights are referred to as “Aggregation Rights”. “Shemaroo” brand is more than 50 years brand and has strong brand recall. The company is not involved with licensing content to cinemas but is into licensing to third party vendors such television, airplanes, and the Internet. SEL's primary distribution channels are Broadcast Syndication (Satellite, Terrestrial and Cable T), which generates over 50% of the Company's revenues, New Media (Mobile, IPTV, YouTube, etc), Home Video (VCD, DVD, Blu‐ray) and Others (In‐flight entertainment and overseas sales).
Valuation and Recommendation
Between FY11-14 SCL's revenues grew at CAGR of 18.7% while EBIDTA grew at a CAGR of 4.0% and PAT 5.9%. On the valuation front, at the given price band of Rs 155-Rs 170, SCL is commanding at PE of 15.4x – 16.9x its FY14 EPS on its post issue fully diluted equity and 11.4x – 12.4x on pre issue equity. EV/EBIDTA is 8.8-9.4x on post issue equity. Considering the healthy balance sheet, strong double digit growth of around 30% in new media, we recommend subscribing the issue for listing gains.



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Sharda Cropchem IPO: Allotment 20th Sep; listing 23rd Sep (expected); LINK for allotment info

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UPDATE: SHARDA IPO ALLOTMENT MADE; see link below

Sharda Cropchem IPO:

Allotment 20th Sep (expected)

listing 23rd Sep  (expected)

LINK for allotment info


http://mis.karvycomputershare.com/ipo/




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SAIL offer for sale seen raising Rs2,000 crore: Mint

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 Steel Authority of India Ltd (SAIL)’s offer for sale (OFS), where the government will divest a 5% stake, may collect about `2,000 crore, higher than `1,514 crore raised in March 2013 for the sale of a 5.82% stake, top executives in the company said.
The company’s shares have risen 45.92% since then.
The state-run steelmaker’s OFS could hit the market in August-September and is likely to follow divestment of part of the government’s stake in Oil and Natural Gas Corp. Ltd, the executives said, asking not to be identified. The Economic Times reported last week that the government could consider selling a 5-10% stake in ONGC for as much as `35,000 crore. Reuters cited an unnamed oil ministry official in a report on Tuesday and said the government could sell 5% in the oil explorer. That will be worth almost `18,000 crore at the current share price of ONGC.
“The thinking in the government is that since ONGC will fetch a large sum, it should go first, followed by SAIL,” one senior executive at SAIL said. “The SAIL share sale could happen sometime in September.”
The government expects to raise `58,425 crore from divesting part of its stake in state-owned firms, according to the budget presented by finance minister Arun Jaitley in Parliament last week. The number is critical to the government’s efforts of keeping the fiscal deficit for the year down to 4.1% of GDP, a target it may still miss according to analysts.
The first executive added that the decision on the floor price will be taken by the government.
“Retail investors may get a 5% discount.”
A second executive said roadshows are to be held in Hong Kong, Singapore, London, Boston and New York, probably at least one location in West Asia and Mumbai and Chennai.
The company did not respond to a questionnaire sent on Monday seeking details.
“The market sentiment is right so it would be good to quickly launch it before things change,” said a fund manager in an Indian mutual fund, who spoke on condition of anonymity.
“Metals are still weak, but the investors’ appetite in the domestic and overseas markets is good,” he said.
Last March, the government planned to sell 10.82% stake in SAIL, but the size of the share sale was reduced due to weak market conditions and the government ended up selling 5.82% for `1,514 crore.
Since the OFS planned for this year is being seen as a continuation of last year’s plan, the bankers to the issue are likely to be the same as in 2013, said the first executive. SBI Capital Markets, Axis Bank, J.P. Morgan, Deutsche Bank and HSBC Securities Services were the bankers to last year’s issue.
An equity analyst said the focus of the new government on infrastructure spending will help the OFS.
“SAIL is going to be the immediate beneficiary as infrastructure and manufacturing sectors pick up. We are already seeing infrastructure firms rushing to raise money, an indication that the sector outlook is improving. SAIL’s issue should get a robust response from investors as it is also upgrading itself and entering into new sectors,” said Samir Bahl, head of investment banking at Anand Rathi Financial Services Ltd.
In the next couple of months, a lot of liquidity will be sucked up by infrastructure and financial services firms and therefore it would make sense for SAIL to launch its issue right away, he added.
After the OFS, the government’s stake in SAIL will fall to 75%, in line with stock market regulator Securities and Exchange Board of India’s requirement.
SAIL is India’s oldest steel company with five integrated steel plants that collectively have a capacity of 16.62mt of steel. It is India’s second largest steel producer after Tata Steel Ltd.
SAIL closed on BSE at `84.85, up 1.68% from the previous day, while the Sensex ended at 25,228.65 points, up 0.69% from the previous day.


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Investor Categorywise Turnover- 17 Sep 14

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FII / FPI trading activity on BSE, NSE & MCX-SX in Capital Market Segment Cr. )
CategoryDateBuy ValueSale ValueNet Value
FII/FPI17/09/20144,278.464,142.38136.08

DII trading activity on BSE, NSE & MCX-SX in Capital Market Segment Cr. )
CategoryDateBuy ValueSale ValueNet Value
DII17/09/20141,635.631,796.82-161.19



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NSE, Block deals, 17/09/2014

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DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price

15-Sep-2014ENERGYDEVEnergy Development CompanCITRUS SECURITIES PVT LTDSELL16,59,59320.00-
15-Sep-2014ENERGYDEVEnergy Development CompanGATISHEEL TRADERS LLPBUY16,59,59320.00-


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NSE, Bulk deals, 17/09/2014

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Data from 17-09-2014 to 17-09-2014
DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
17-Sep-2014DRDATSONSDr. Datson's Labs LtdADROIT FINANCIAL SERVICES PRIVATE LIMITEDBUY3,63,49519.25-
17-Sep-2014DRDATSONSDr. Datson's Labs LtdADROIT FINANCIAL SERVICES PRIVATE LIMITEDSELL3,57,89419.18-
17-Sep-2014MANINDSMan Industries (I) LtdINDIA MAX INVESTMENT FUND LTDBUY3,09,82160.02-
17-Sep-2014MASTEKMastek LtdAXIS EQUITIES PRIVATE LIMITEDBUY1,16,407318.53-
17-Sep-2014MASTEKMastek LtdAXIS EQUITIES PRIVATE LIMITEDSELL1,18,507318.63-
17-Sep-2014MASTEKMastek LtdN.K. SECURITIESBUY1,43,339318.71-
17-Sep-2014MASTEKMastek LtdN.K. SECURITIESSELL1,43,339318.86-
17-Sep-2014NCCNCC LimitedOHM EQUITY SOLUTION INDIA PVT LTDBUY13,99,00071.07-
17-Sep-2014NCCNCC LimitedWARHOL LIMITEDSELL47,14,33270.15-
17-Sep-2014TEXMOPIPESTexmo Pipe & Products LtdLEADAGE TRADING PRIVATE LIMITEDSELL1,60,21918.38-
17-Sep-2014VENUSREMVenus Remedies LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.BUY59,429305.95-
17-Sep-2014VENUSREMVenus Remedies LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.SELL59,429304.06-
17-Sep-2014VENUSREMVenus Remedies LimitedN.K. SECURITIESBUY81,137303.42-
17-Sep-2014VENUSREMVenus Remedies LimitedN.K. SECURITIESSELL81,137303.62-
17-Sep-2014VKSPLVKS Projects LimitedRAJESH NANDWALABUY37,28,7490.55-
17-Sep-2014VKSPLVKS Projects LimitedRAJESH NANDWALASELL123,58,3350.47-
17-Sep-2014VKSPLVKS Projects LimitedVIBRANT SECURITIES PVT. LTD.BUY60,00,0450.50-
17-Sep-2014VKSPLVKS Projects LimitedVIBRANT SECURITIES PVT. LTD.SELL35,00,0030.55-


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