*NMDC OFFER FOR SALE*:
*FLOOR PRICE:* RS 165 PER SHARE
*TODAY'S LTP:* RS 175 PER SHARE
*BASE OFFER SIZE:* 11.72 CRORE SHARES
*VALUE AT FLOOR PRICE:* RS 1934.0 CRORE
*OVERSUBSCRIPTION OFFER:* 10.23 CRORE SHARES
*VALUE AT FLOOR PRICE:* RS 1687.95 CRORE
*TOTAL OFFER AT FLOOR PRICE:* RS 3622.0 CRORE
*DATE: NON-RETAIL INVESTORS:* 06TH JULY 2021
*DATE: RETAIL INVESTORS:* 07TH JULY 2021
*FLOOR PRICE:* RS 165 PER SHARE
*TODAY'S LTP:* RS 175 PER SHARE
*BASE OFFER SIZE:* 11.72 CRORE SHARES
*VALUE AT FLOOR PRICE:* RS 1934.0 CRORE
*OVERSUBSCRIPTION OFFER:* 10.23 CRORE SHARES
*VALUE AT FLOOR PRICE:* RS 1687.95 CRORE
*TOTAL OFFER AT FLOOR PRICE:* RS 3622.0 CRORE
*DATE: NON-RETAIL INVESTORS:* 06TH JULY 2021
*DATE: RETAIL INVESTORS:* 07TH JULY 2021
A sector that is silently picking up is aquaculture
- US Shrimp import for May'21 at ~80000 tonnes, highest in more than 15 years
- India's share in US imports jumps 900bps compared to April'21, takes share from Ecuador
- US Shrimp import for May'21 at ~80000 tonnes, highest in more than 15 years
- India's share in US imports jumps 900bps compared to April'21, takes share from Ecuador
Clean Science & Technologies⚗️ IPO
🧵Some interesting Key Points:-
🏭Manufactures HBfunctionally critical speciality chemicals
💰~65-70% revenues from exports
📈Heavy Growth in PAT Margins(~33% in FY20)
💸EBITDA margins of ~44% in FY20
🟢Easy Raw Material Procurement
❌Company Logo is not registered
🇮🇳Co. Applied for initiation of Anti Dumping Investigation concerning imports of DCC from China🇨🇳
❌Full OFS. Company will not receive proceeds
➕Diverse Customer Base
🏢Company may look at Strategic Acquisition Opportunities.
🏗️2 new plants should get operational in future in addition to existing 2 plants
⚗️Company focuses well on R&D
📦Products of the Company:
Company is one of the leading producers globally for products like:-
MEHQ
BHA
Guaiacol
Anisole
4-MAP
DCC
🧵Some interesting Key Points:-
🏭Manufactures HBfunctionally critical speciality chemicals
💰~65-70% revenues from exports
📈Heavy Growth in PAT Margins(~33% in FY20)
💸EBITDA margins of ~44% in FY20
🟢Easy Raw Material Procurement
❌Company Logo is not registered
🇮🇳Co. Applied for initiation of Anti Dumping Investigation concerning imports of DCC from China🇨🇳
❌Full OFS. Company will not receive proceeds
➕Diverse Customer Base
🏢Company may look at Strategic Acquisition Opportunities.
🏗️2 new plants should get operational in future in addition to existing 2 plants
⚗️Company focuses well on R&D
📦Products of the Company:
Company is one of the leading producers globally for products like:-
MEHQ
BHA
Guaiacol
Anisole
4-MAP
DCC
👍1
YES BANK Q1 Update
Loans & advances down 1.8% QoQ & down 0.4% YoY, deposits up 0.2% QoQ & up 39.1% YoY
INFOEDGE
SEBI likely to clear Zomato IPO today
Infoedge to reduce OFS from approved 750cr
Now co will sell only 375cr worth stake in IPO
Policybazaar likely to apply for IPO this month .
👉🏻Infoedge holds 18.4% stake in zomato
👉🏻15.10% stake in Policy bazaar
Loans & advances down 1.8% QoQ & down 0.4% YoY, deposits up 0.2% QoQ & up 39.1% YoY
INFOEDGE
SEBI likely to clear Zomato IPO today
Infoedge to reduce OFS from approved 750cr
Now co will sell only 375cr worth stake in IPO
Policybazaar likely to apply for IPO this month .
👉🏻Infoedge holds 18.4% stake in zomato
👉🏻15.10% stake in Policy bazaar
Govt To Sell 7.49% stake in NMDC via OFS.
Floor Price: ₹165/sh Vs Monday Close Of ₹175/sh
Base Issue: 4% - 11.72 cr shares
Greenshoe: 3.49% - 10.22 cr shares
Issue Opens On July 6 (non-retail) & July 7 (retail & non-retail)
Floor Price: ₹165/sh Vs Monday Close Of ₹175/sh
Base Issue: 4% - 11.72 cr shares
Greenshoe: 3.49% - 10.22 cr shares
Issue Opens On July 6 (non-retail) & July 7 (retail & non-retail)
Bulk Deal as on 05-07-21
Archies Ltd
+ 2.5 Lk @ 22.55 Vaibhav Doshi
Gayatri Project
- 22 Lk @ 29.1 Choice Finserv Pvt Ltd
Onmobile Global
- 6.27 Lk @ 149.25 Mobisoft Telesolutions Pvt Ltd
Pioneer Embroideries
- 11.68 Lk @ 52.75 Union bank of india
+ 3 Lk @ 52.75 Shreeji Capital & Finance Ltd
+ 2 Lk @ 58 Noetic Finance Pvt Ltd
Archies Ltd
+ 2.5 Lk @ 22.55 Vaibhav Doshi
Gayatri Project
- 22 Lk @ 29.1 Choice Finserv Pvt Ltd
Onmobile Global
- 6.27 Lk @ 149.25 Mobisoft Telesolutions Pvt Ltd
Pioneer Embroideries
- 11.68 Lk @ 52.75 Union bank of india
+ 3 Lk @ 52.75 Shreeji Capital & Finance Ltd
+ 2 Lk @ 58 Noetic Finance Pvt Ltd
Out of the total 3000+ stocks traded on BSE today, 1100+ stocks closed up 4% or more. 580 stocks hit their 52-week highs out of which 108 stocks hit their lifetime highs. 639 stocks hit the upper circuit
*Godrej Consumer – Q1FY22 Business Update – Nirmal Bang Sec.*
*Outlook – Positive*
Demand trends remained steady. At a consolidated level, GCPL expects to deliver strong double-digit sales growth and 2-year CAGR to be in the double digits
*_India_* - The company expects to deliver sales growth in high teens, driven by strong volume growth and calibrated price increases. GCPL expects its 2-year CAGR to be in the double digits. It witnessed strong double-digit sales growth in the Home Care and Personal Care categories.
_International business_
In *_Indonesia_*, constant currency sales growth is likely to remain flat.
In *_Africa, USA and Middle East_*, USA and Middle East, growth momentum continued across most of the key countries of operations. The company expects to deliver constant currency sales growth upwards of the fifties and 2-year CAGR to be in the double digits.
*_SAARC business_* The management expects sales growth in its Latin America and SAARC businesses to remain strong in constant currency terms.
*Outlook – Positive*
Demand trends remained steady. At a consolidated level, GCPL expects to deliver strong double-digit sales growth and 2-year CAGR to be in the double digits
*_India_* - The company expects to deliver sales growth in high teens, driven by strong volume growth and calibrated price increases. GCPL expects its 2-year CAGR to be in the double digits. It witnessed strong double-digit sales growth in the Home Care and Personal Care categories.
_International business_
In *_Indonesia_*, constant currency sales growth is likely to remain flat.
In *_Africa, USA and Middle East_*, USA and Middle East, growth momentum continued across most of the key countries of operations. The company expects to deliver constant currency sales growth upwards of the fifties and 2-year CAGR to be in the double digits.
*_SAARC business_* The management expects sales growth in its Latin America and SAARC businesses to remain strong in constant currency terms.
*HDFC Bank Q1FY22 Business Update – Ok*
• Total advances increased by 1.3% QoQ & by 14% YoY to Rs. 11,47,500 Cr.
• Domestic Retail Advances were flat QoQ & increased by 11% YoY
• Domestic wholesale advances increased by 2.0% QoQ & by 17% YoY.
• Retail disbursements declined by 30% QoQ & increased by 203% YoY (on a low base).
• Total deposits increased by 0.8% QoQ & by 13% YoY.
• CASA ratio was at 45.5% vs QoQ 46.1% & YoY 40.1%.
• Total advances increased by 1.3% QoQ & by 14% YoY to Rs. 11,47,500 Cr.
• Domestic Retail Advances were flat QoQ & increased by 11% YoY
• Domestic wholesale advances increased by 2.0% QoQ & by 17% YoY.
• Retail disbursements declined by 30% QoQ & increased by 203% YoY (on a low base).
• Total deposits increased by 0.8% QoQ & by 13% YoY.
• CASA ratio was at 45.5% vs QoQ 46.1% & YoY 40.1%.
*Federal Bank Q1FY22 Business Update – Ok*
• Total advances declined by 1.6% QoQ & increased by 8% YoY to Rs. 1,32,770 Cr.
• Total deposits declined by 1.9% QoQ & increased by 9% YoY to Rs. 1,69,393 Cr.
• CASA deposits increased 1% QoQ & by 19% YoY to Rs. 58,959 Cr. CASA ratio was at 34.8% vs QoQ 33.8% & YoY 32.0%.
• Total advances declined by 1.6% QoQ & increased by 8% YoY to Rs. 1,32,770 Cr.
• Total deposits declined by 1.9% QoQ & increased by 9% YoY to Rs. 1,69,393 Cr.
• CASA deposits increased 1% QoQ & by 19% YoY to Rs. 58,959 Cr. CASA ratio was at 34.8% vs QoQ 33.8% & YoY 32.0%.
HERANABA: CO HAS RECEIVED ENVIRONMENTAL CLEARANCE FROM MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE OF GOVERNMENT OF INDIA, FOR EXPANSION OF PESTICIDES INTERMEDIATES, FUNGICIDES, HERBICIDES, INSECTICIDES
HCL Technologies announced a multi-year agreement with Fiskars Group. Fiskars Group is partnering with HCL to enable meeting their strategic objectives and to drive their digital transformation initiatives for an immersive omnichannel experience for their end customers and consumers. *Positive*
*Tata Steel:* Sales volume up 42% in Q1FY22 to 4.15 MnT YoY vs 2.93 MnT but down 11% QoQ vs 4.67 Mnt.
*Avenue Supermarts (Dmart) - Positive* - Q1FY22 revenues is expected to be Rs 5031 cr, a growth of 31% yoy however due to lockdown last year it is not comparable. The sales declined 13% from Q1FY20, which is marginal better than expectations. Also, the company should be benefitted from Q2FY22 onwards, given the overall economy is opening up
*CSB Bank Q1FY22 Business Update – Negative in near term*
• Total advances declined by 3.5% QoQ & increased by 24% YoY to Rs. 14,146 Cr.
• Gold advances declined by 8.2% QoQ & increased by 46% YoY to Rs. 5,618 Cr (40% mix). They declined QoQ owing to (i) shorter tenure of gold loans (1 year) resulting in higher repayments; (ii) subdued disbursements due to lockdowns; (iii) Reduction in LTV from 90% to 75%.
• Non-gold advances were flat QoQ & increased by 12% YoY (highest YoY growth since listing) to Rs. 8,528 Cr (60% mix).
• Total deposits declined by 2.5% QoQ & increased by 14% YoY to Rs. 18,653 Cr.
• CASA deposits were flat QoQ & increased by 29% YoY to Rs. 6,172 Cr Cr. CASA ratio was at 33.1% vs QoQ 32.2% & YoY 29.2%.
• Total advances declined by 3.5% QoQ & increased by 24% YoY to Rs. 14,146 Cr.
• Gold advances declined by 8.2% QoQ & increased by 46% YoY to Rs. 5,618 Cr (40% mix). They declined QoQ owing to (i) shorter tenure of gold loans (1 year) resulting in higher repayments; (ii) subdued disbursements due to lockdowns; (iii) Reduction in LTV from 90% to 75%.
• Non-gold advances were flat QoQ & increased by 12% YoY (highest YoY growth since listing) to Rs. 8,528 Cr (60% mix).
• Total deposits declined by 2.5% QoQ & increased by 14% YoY to Rs. 18,653 Cr.
• CASA deposits were flat QoQ & increased by 29% YoY to Rs. 6,172 Cr Cr. CASA ratio was at 33.1% vs QoQ 32.2% & YoY 29.2%.
Major Indian steel mills have announced a correction in HRC prices by around INR 1,500-2,000/t ($20-26) for July delivery owing to tepid demand and sluggish buying intertest. Negative