Kedaara Capital-backed Vijaya Diagnostics files for listing
Private equity firm Kedaara Capital-backed diagnostic chain Vijaya Diagnostic Centre Ltd has filed the draft red herring prospectus for its initial public offering (IPO) in a move aimed at giving Kedaara a partial exit from its five-year-old investment. The IPO is a pure offer for sale of 35.68 million shares by the promoters of the company and Kedaara Capital. The IPO will see the investor and promoters collectively dilute a 35% stake in the company, with Kedaara alone diluting 30%. Investment banks ICICI Securities, Edelweiss and Kotak Mahindra Capital are advising the company on its IPO.
Vijaya Diagnostic offers pathology and radiology testing services through an extensive network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in Telangana, Andhra Pradesh and in the National Capital Region and Kolkata. For the fiscal years 2021, 2020 and 2019, the company reported a revenue of INR 388.5 crore, INR 354.1 crore and INR 302.9 crore, respectively. It reported a profit of INR 84.9 crore, INR 62.5 crore and INR 46.2 crore, for the respective financial years.
Kedaara Capital had picked up a 40% stake in the diagnostic chain in 2016 for over INR 400 crore.
Private equity firm Kedaara Capital-backed diagnostic chain Vijaya Diagnostic Centre Ltd has filed the draft red herring prospectus for its initial public offering (IPO) in a move aimed at giving Kedaara a partial exit from its five-year-old investment. The IPO is a pure offer for sale of 35.68 million shares by the promoters of the company and Kedaara Capital. The IPO will see the investor and promoters collectively dilute a 35% stake in the company, with Kedaara alone diluting 30%. Investment banks ICICI Securities, Edelweiss and Kotak Mahindra Capital are advising the company on its IPO.
Vijaya Diagnostic offers pathology and radiology testing services through an extensive network, which consists of 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in Telangana, Andhra Pradesh and in the National Capital Region and Kolkata. For the fiscal years 2021, 2020 and 2019, the company reported a revenue of INR 388.5 crore, INR 354.1 crore and INR 302.9 crore, respectively. It reported a profit of INR 84.9 crore, INR 62.5 crore and INR 46.2 crore, for the respective financial years.
Kedaara Capital had picked up a 40% stake in the diagnostic chain in 2016 for over INR 400 crore.
Affle to acquire Irish mobile marketing firm Jampp for $41-M
Mumbai-based, publicly listed Affle (India) Ltd, through its subsidiaries, has acquired Dublin, Ireland-based Jampp, a programmatic mobile marketing company, for USD 41.3 million in cash, including a contingent incremental consideration of USD 15 million to be paid over 3 years. Affle will pick up 100% equity and tech IP assets ownership in Jampp.
Jampp is a global platform that started in 2013 in Latin America and its largest teams continue to be based there. Its programmatic mobile advertising platform is used by app marketers to acquire new users and also to drive repeat usage and transactions with existing users. Jampp had unaudited consolidated revenue of USD 29.5 million in calendar 2020.
Mumbai-based, publicly listed Affle (India) Ltd, through its subsidiaries, has acquired Dublin, Ireland-based Jampp, a programmatic mobile marketing company, for USD 41.3 million in cash, including a contingent incremental consideration of USD 15 million to be paid over 3 years. Affle will pick up 100% equity and tech IP assets ownership in Jampp.
Jampp is a global platform that started in 2013 in Latin America and its largest teams continue to be based there. Its programmatic mobile advertising platform is used by app marketers to acquire new users and also to drive repeat usage and transactions with existing users. Jampp had unaudited consolidated revenue of USD 29.5 million in calendar 2020.
Godrej Fund buys Bangalore land parcel from Puravankara for Rs.700-Cr
Godrej Fund Management, the real estate-focused private equity arm of the Mumbai-based, publicly listed Godrej Properties, has bought a land parcel, with 1 million sq ft of development potential, in Bengaluru Urban from Bangalore-based, publicly-listed real estate developer Puravankara for around INR 700 crore. The deal includes an upfront payment of around INR 525 crore. The rest will be paid before the end of this year.
Godrej Fund Management, the real estate-focused private equity arm of the Mumbai-based, publicly listed Godrej Properties, has bought a land parcel, with 1 million sq ft of development potential, in Bengaluru Urban from Bangalore-based, publicly-listed real estate developer Puravankara for around INR 700 crore. The deal includes an upfront payment of around INR 525 crore. The rest will be paid before the end of this year.
*Dhfl to delist from Monday*.
45,000 crs lost by banks as amt written off.
FD holders lost 5,000 crs
Equity share holders lost 15,000 crs Mcap.
Yet not even a single bank official or KMP is in 'Jail'. THIS IS A FORWARD
45,000 crs lost by banks as amt written off.
FD holders lost 5,000 crs
Equity share holders lost 15,000 crs Mcap.
Yet not even a single bank official or KMP is in 'Jail'. THIS IS A FORWARD
Forwarded from Market Wizard
MARKET WIZARD NEWSLETTER ISSUE 14.pdf
2 MB
MARKET WIZARD NEWSLETTER ISSUE 14
Fundamental Stocks 💎
▶️Voltas Ltd
▶️ Kalpatru Power Transmission Ltd
▶️John Cockerill Ltd
Technical Stocks 📊📈
▶️Accel Ltd
▶️Castrol India Ltd
▶️Patel Integrated Logistics Ltd
▶️Sparc Ltd
Techno Funda Stock 💎📈📊
▶️Radio City Ltd - SPECIAL PICK
TEAM MARKET WIZARD
Fundamental Stocks 💎
▶️Voltas Ltd
▶️ Kalpatru Power Transmission Ltd
▶️John Cockerill Ltd
Technical Stocks 📊📈
▶️Accel Ltd
▶️Castrol India Ltd
▶️Patel Integrated Logistics Ltd
▶️Sparc Ltd
Techno Funda Stock 💎📈📊
▶️Radio City Ltd - SPECIAL PICK
TEAM MARKET WIZARD
Follow this link to join my WhatsApp group: https://chat.whatsapp.com/KW2rP1KPs7TJw30A5BP4gL
*IPO View*
Dodla Dairy Price Band 421 – 428
Lot Size: 35 Shares
IPO date: 16th June – 18th June 2021
Dodla Dairy Limited is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.
It has a total of 13 processing plants to process raw material into packaged milk and manufacture dairy-based value-added products. The firm has a strong distribution network of 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors across 11 states in India.
Objects of the Issue:
The net IPO proceeds will be used for the following purposes;
• To repay or prepay company's borowings fully or partially.
• To finance capital expenditure requirements.
• To meet general corporate purposes.
Total Income as of Dec 2020: INR 1,413 Cr (9 Months)
PAT as of Dec 2020: INR 116 Cr (9 Months) Vs. 49.8 Cr in March 2020
Total borrowing as of Dec 2020: INR 95 Cr Vs. 150 Cr as of March 2020
Net worth as of Dec 2020: INR 550 Cr Vs. 433 Cr as of March 2020
EPS as of Dec 2020: INR 20.91 Vs. INR 8.96 as of March 2020
NAV per Equity Share Dec 2020: INR 98.74 Vs. 77.87
Net cash flows from operation as of Dec 2020: INR 195 Cr Vs. 165.5 Cr as of March 2020
View: As per the preliminary view share is quoted at good price and go for listing gain and as well as Mid to long term hold for good gain . Reduced the borrowing in last 1 year by more than 50%, Net worth increased by more than 25%, NAV increased by more than 25%. Strong operating cash flows continuously increased on YoY. PAT more than double now.
Dodla Dairy Price Band 421 – 428
Lot Size: 35 Shares
IPO date: 16th June – 18th June 2021
Dodla Dairy Limited is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.
It has a total of 13 processing plants to process raw material into packaged milk and manufacture dairy-based value-added products. The firm has a strong distribution network of 40 sales offices, 3336 distribution agents, 863 milk distributors, and 449 product distributors across 11 states in India.
Objects of the Issue:
The net IPO proceeds will be used for the following purposes;
• To repay or prepay company's borowings fully or partially.
• To finance capital expenditure requirements.
• To meet general corporate purposes.
Total Income as of Dec 2020: INR 1,413 Cr (9 Months)
PAT as of Dec 2020: INR 116 Cr (9 Months) Vs. 49.8 Cr in March 2020
Total borrowing as of Dec 2020: INR 95 Cr Vs. 150 Cr as of March 2020
Net worth as of Dec 2020: INR 550 Cr Vs. 433 Cr as of March 2020
EPS as of Dec 2020: INR 20.91 Vs. INR 8.96 as of March 2020
NAV per Equity Share Dec 2020: INR 98.74 Vs. 77.87
Net cash flows from operation as of Dec 2020: INR 195 Cr Vs. 165.5 Cr as of March 2020
View: As per the preliminary view share is quoted at good price and go for listing gain and as well as Mid to long term hold for good gain . Reduced the borrowing in last 1 year by more than 50%, Net worth increased by more than 25%, NAV increased by more than 25%. Strong operating cash flows continuously increased on YoY. PAT more than double now.
*IPO View*
SONA BLW Price Band 285 – 291
Lot Size: 51 Shares
IPO date: 14th – 16th June 2021
Sona BLW Precision Forgings Limited is one of the leading automotive technology companies in India. The company is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
The firm supplies its products across the countries such as India, US, Europe, and China. It has 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico
The net proceeds from the IPO will be utilized towards the following purposes;
• Repayment or prepayment of company's borrowings fully or partially.
• General corporate purposes.
NAV per equity Share as of Dec 2020: INR 22.49
NAV per equity Share as of March 2021: INR 20.56
Total Income as of March 2021: INR 1,568 Vs. INR 1,043 Cr in March 2020
PAT as of March 2021: INR 215 Cr Vs. INR 360 Cr in March 2020
Total borrowing as of March 2021: INR 366 Cr Vs. 306 Cr as of March 2020
Net worth as of March 2021: INR 1,303 Cr Vs. 1,177 Cr as of March 2020
EPS as of March 2021: INR 3.75 Vs. INR 3.87
View: As per the primary view share is quoted at higher premium as compared with their peers in this segment. Although the way market is going some listing gain can be expected at this price. Apply should be on last day based on HNIIs and DIIs subscription and overall IPO performance.
SONA BLW Price Band 285 – 291
Lot Size: 51 Shares
IPO date: 14th – 16th June 2021
Sona BLW Precision Forgings Limited is one of the leading automotive technology companies in India. The company is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
The firm supplies its products across the countries such as India, US, Europe, and China. It has 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico
The net proceeds from the IPO will be utilized towards the following purposes;
• Repayment or prepayment of company's borrowings fully or partially.
• General corporate purposes.
NAV per equity Share as of Dec 2020: INR 22.49
NAV per equity Share as of March 2021: INR 20.56
Total Income as of March 2021: INR 1,568 Vs. INR 1,043 Cr in March 2020
PAT as of March 2021: INR 215 Cr Vs. INR 360 Cr in March 2020
Total borrowing as of March 2021: INR 366 Cr Vs. 306 Cr as of March 2020
Net worth as of March 2021: INR 1,303 Cr Vs. 1,177 Cr as of March 2020
EPS as of March 2021: INR 3.75 Vs. INR 3.87
View: As per the primary view share is quoted at higher premium as compared with their peers in this segment. Although the way market is going some listing gain can be expected at this price. Apply should be on last day based on HNIIs and DIIs subscription and overall IPO performance.
Bulk Deal as on 11-06-21
Accelya Solutions
+ 7 Lk @ 1194.91 Plutus Wealth Management LLP
- 2.50 Lk @ 1192.29 Setu Securities Pvt Ltd
Bharat Forge
- 46.56 Lk @ 750.8 Ajinkya Investment & Trading
+ 3.93 Lk @ 750.8 Goldman Sach Investment
+ 4.66 Lk @ 750.8 Kuwait Investment Authority
+ 2 Lk @ 750.8 Morgan Stanley Asia
+ 19.97 Lk @ 750.8 Sbi Life insurance Company Ltd
+ 2 Lk @ 750.8 Sundaram Mutual Fund
+ 2.66 Lk @ 750.8 Tara Emerging Asia Liquid Fund
+ 9.32 Lk @ 750.8 Tata AIG Life insurance
+ 1.99 Lk @ 750 Tata Mutual Fund
Globus Spirits
+ 1.80 Lk @ 383.66 Rajasthan Global Securities
- 3.31 Lk @ 383.23 Templeton Strategic Emerging Markets
Ibull HSG fin
+ 25.50 Lk @ 287.84 BlackRock Emerging Fund
KCP Sugar
- 5.79 Lk @ 26.5 Velamur Gopalan Jaganathan
NHPC Ltd
- 5 Crore @ 27.05 Rec Ltd
+ 3 Crore @ 27.05 Sbi Mutual Fund
+ 2 Crore @ 27.05 Valeo Global Fund
TN Petro
- 5 Lk @ 113.16 Vallabh Realtors Pvt Ltd
Vivimed Labs
+ 12.19 Lk @ 29.35 K India Opportunities Fund Ltd
- 12.19 Lk @ 29.35 Kitara Piin 1101
Accelya Solutions
+ 7 Lk @ 1194.91 Plutus Wealth Management LLP
- 2.50 Lk @ 1192.29 Setu Securities Pvt Ltd
Bharat Forge
- 46.56 Lk @ 750.8 Ajinkya Investment & Trading
+ 3.93 Lk @ 750.8 Goldman Sach Investment
+ 4.66 Lk @ 750.8 Kuwait Investment Authority
+ 2 Lk @ 750.8 Morgan Stanley Asia
+ 19.97 Lk @ 750.8 Sbi Life insurance Company Ltd
+ 2 Lk @ 750.8 Sundaram Mutual Fund
+ 2.66 Lk @ 750.8 Tara Emerging Asia Liquid Fund
+ 9.32 Lk @ 750.8 Tata AIG Life insurance
+ 1.99 Lk @ 750 Tata Mutual Fund
Globus Spirits
+ 1.80 Lk @ 383.66 Rajasthan Global Securities
- 3.31 Lk @ 383.23 Templeton Strategic Emerging Markets
Ibull HSG fin
+ 25.50 Lk @ 287.84 BlackRock Emerging Fund
KCP Sugar
- 5.79 Lk @ 26.5 Velamur Gopalan Jaganathan
NHPC Ltd
- 5 Crore @ 27.05 Rec Ltd
+ 3 Crore @ 27.05 Sbi Mutual Fund
+ 2 Crore @ 27.05 Valeo Global Fund
TN Petro
- 5 Lk @ 113.16 Vallabh Realtors Pvt Ltd
Vivimed Labs
+ 12.19 Lk @ 29.35 K India Opportunities Fund Ltd
- 12.19 Lk @ 29.35 Kitara Piin 1101
*VRL Logistics Ltd.* | *CMP* Rs. 297 | *M Cap* Rs. 2624 Cr | *52 W H/L* 297/140
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 600.2 Cr (6.5% QoQ, 20.6% YoY) vs expectation of Rs. 560.8 Cr, QoQ Rs. 563.4 Cr, YoY Rs. 497.8 Cr
EBIDTA came at Rs. 95.6 Cr (-3.2% QoQ, 68.9% YoY) vs expectation of Rs. 88.9 Cr, QoQ Rs. 98.8 Cr, YoY Rs. 56.6 Cr
EBITDA Margin came at 15.9% vs expectation of 15.9%, QoQ 17.5%, YoY 11.4%
Adj. PAT came at Rs. 37.2 Cr vs expectation of Rs. 31.6 Cr, QoQ Rs. 39.7 Cr, YoY Rs. 2.1 Cr
Quarter EPS is Rs. 4.2
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 600.2 Cr (6.5% QoQ, 20.6% YoY) vs expectation of Rs. 560.8 Cr, QoQ Rs. 563.4 Cr, YoY Rs. 497.8 Cr
EBIDTA came at Rs. 95.6 Cr (-3.2% QoQ, 68.9% YoY) vs expectation of Rs. 88.9 Cr, QoQ Rs. 98.8 Cr, YoY Rs. 56.6 Cr
EBITDA Margin came at 15.9% vs expectation of 15.9%, QoQ 17.5%, YoY 11.4%
Adj. PAT came at Rs. 37.2 Cr vs expectation of Rs. 31.6 Cr, QoQ Rs. 39.7 Cr, YoY Rs. 2.1 Cr
Quarter EPS is Rs. 4.2
*Care Ratings Ltd.* | *CMP* Rs. 601 | *M Cap* Rs. 1771 Cr | *52 W H/L* 608/296
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 79.6 Cr (43.1% QoQ, 20.6% YoY) vs QoQ Rs. 55.6 Cr, YoY Rs. 66 Cr
EBIDTA came at Rs. 30.6 Cr (67.3% QoQ, 31.9% YoY) vs QoQ Rs. 18.3 Cr, YoY Rs. 23.2 Cr
EBITDA Margin came at 38.4% vs QoQ 32.8%, YoY 35.1%
Adj. PAT came at Rs. 26.1 Cr vs QoQ Rs. 18.6 Cr, YoY Rs. 15.3 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 17.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 79.6 Cr (43.1% QoQ, 20.6% YoY) vs QoQ Rs. 55.6 Cr, YoY Rs. 66 Cr
EBIDTA came at Rs. 30.6 Cr (67.3% QoQ, 31.9% YoY) vs QoQ Rs. 18.3 Cr, YoY Rs. 23.2 Cr
EBITDA Margin came at 38.4% vs QoQ 32.8%, YoY 35.1%
Adj. PAT came at Rs. 26.1 Cr vs QoQ Rs. 18.6 Cr, YoY Rs. 15.3 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 17.5x FY22E EPS
*Anupam Rasayan India Ltd.* | *CMP* Rs. 781 | *M Cap* Rs. 7804 Cr | *52 W H/L* 781/472
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 271.7 Cr (47.5% QoQ, 73% YoY) vs QoQ Rs. 184.1 Cr, YoY Rs. 157.1 Cr
EBIDTA came at Rs. 63 Cr (18.5% QoQ, 92.5% YoY) vs QoQ Rs. 53.1 Cr, YoY Rs. 32.7 Cr
EBITDA Margin came at 23.2% vs QoQ 28.9%, YoY 20.8%
Adj. PAT came at Rs. 22.2 Cr vs QoQ Rs. 21.4 Cr, YoY Rs. 10.4 Cr
Quarter EPS is Rs. 2.2
Share is trading at P/E of 46.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 271.7 Cr (47.5% QoQ, 73% YoY) vs QoQ Rs. 184.1 Cr, YoY Rs. 157.1 Cr
EBIDTA came at Rs. 63 Cr (18.5% QoQ, 92.5% YoY) vs QoQ Rs. 53.1 Cr, YoY Rs. 32.7 Cr
EBITDA Margin came at 23.2% vs QoQ 28.9%, YoY 20.8%
Adj. PAT came at Rs. 22.2 Cr vs QoQ Rs. 21.4 Cr, YoY Rs. 10.4 Cr
Quarter EPS is Rs. 2.2
Share is trading at P/E of 46.1x FY22E EPS