EQUIRUS SECURITIES
Ashish Kacholia-backed smallcap stock jumps 8% after company's Q4 PAT rises 153%
Zaggle Prepaid Ocean Services, a smallcap company supported by ace investor Ashish Kacholia, saw its shares surge by almost 8% to Rs 338 on Friday's trading session on the BSE. This spike followed the announcement of strong fourth-quarter results.
Six-week long election leaves RBI with liquidity dilemma
Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only after a new government is in place and a budget is presented.
Ecos Mobility & Hospitality files DRHP to raise funds via IPO
The promoters of the company are Rajesh Loomba, Aditya Loomba, Rajesh Loomba Family Trust and Aditya Loomba Family Trust.
ETMarkets Smart Talk: Largecaps are better placed to attract FII flows than small & midcap stocks: Ashutosh Tiwari
Ashutosh Tiwari says that with market valuations towards the upper end of historical range and rate cut uncertainty, FY25 is likely to be a year of consolidation, we expect single digit returns in FY25. He also cautioned investors on overheated small & mid-cap valuations. Manufacturing is sector set to thrive with road infra growth expected.
Mind Over Money: This IIT, IIM alumni MD & COO is an avid reader, does Vipassana and trekking to keep mentally fit
Shilpa Gupta discusses her experience with Vipassana meditation and its impact on her mental fitness. She was introduced to Vipassana at the age of 24 by her family and found it life-altering. Vipassana teaches mindfulness and equanimity, leading to increased awareness, self-control, and peace. Gupta practices Vipassana daily and has attended eight ten-day courses. She believes that Vipassana helps her deal with the challenges of life and improves her focus. Additionally, Gupta shares her love for trekking and the importance of having a strong mind in difficult situations.
Equirus Securities expects 17% upside in IndiaMart by March 2025
The brokerage said IndiaMART is trading at a premium to multiples of classifieds-based models listed globally and in India, barring Info Edge. But its premium valuations are justified, given a healthy earnings growth outlook, strong cash generating abilities, and superior returns profile, it said.
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Protean eGov Technologies IPO opens for subscription. Should you apply?
Analysts are positive on Protean eGov Technologies IPO, given the company's unique and niche business area, consistent profitability and positive cash flows. The IPO which opened today will close for subscription on November 8.
Protean eGov Tech IPO to open on November 6. Here are 10 things to know about the offer
Protean eGov Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions.
Ahead of IPO, Protean eGov Tech collects Rs 143 crore from anchor investors
The maiden public issue is purely an offer of sale (OFS) by existing shareholders. The OFS size has been reduced to 61.91 lakh equity shares from 1.28 crore equity shares planned earlier.
Protean eGov Technologies IPO to open on November 6, sets Rs 752-792 price band
Protean eGov Technologies IPO is completely an offer for sale of 61.9 lakh shares. Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload partial stakes. The OFS size has been reduced from 1.28 crore shares planned earlier.
India M&A deals dip 57 per cent to $66 billion in January-September' 23
India-focused M&A activity has reached a three-year low, falling 56.6% to $65.6bn in the first nine months of 2023, according to the India Investment Banking Review. Domestic M&A activity fell 60% to $44.1bn, while inbound M&A dropped 47% to $16.4bn. The financial sector accounted for the largest share of deal activity at 46.7%, totalling $30.6bn, down 56% from last year.
Protean eGov Technologies eyes Rs 1,300-crore listing by end of October
The IT-enabled solutions provider’s public issue will be entirely an offer for sale (OFS) by existing investors, giving an exit to eight of its over 20 investors, sources said.
Kacholia-backed Zaggle Prepaid IPO opens. Should you subscribe to the issue?
Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes.
Zaggle Prepaid IPO to kick-off from September 14. Here are 10 things to know about the offer
Zaggle operates in the B2B2C segment and is amongst a small number of uniquely positioned players with a diversified offering of financial technology products and services. The company provides offerings to customers and users that include employees, channel partners and customers, while collaborating with merchants, banks and NBFCs, providing a strong value proposition to each stakeholder.
Zaggle's Rs 564-crore IPO opens on Sep 14; price band fixed at Rs 156-164 per share
Zaggle Prepaid Ocean Services has set the price band for its initial public offering (IPO) at Rs 156-164 per share. The IPO consists of a fresh issue of equity shares worth Rs 392 crore and an offer for sale by promoters and external investors worth Rs 174 crore.
Zaggle Prepaid Ocean Services IPO price band at Rs 156-164. Issues opens on Thursday
The company received approval from markets regulator Sebi to launch an IPO in April. The company has received a final observation letter for its public offer. In Sebi's parlance, an observation letter is equivalent to an approval for the public issue.
Zaggle Prepaid Ocean Services raises Rs 980 million via Pre-IPO Placement.
The fundraise was conducted in two tranches, in consultation with the book running lead managers, allocating 59.75 lakh shares at a price of Rs 164 apiece
NBFCs' growth pace to stay strong on loan demand, benign costs
In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.
ETMarkets Smart Talk: Ajit Deshmukh of Equirus hands out his secret formulae to create wealth in long term
In 2023, we know that geopolitics is here to stay, but at a lesser intensity, and pandemic scares have faded away. Rate hikes are known but the impact and quantum are still unknown. Global liquidity is likely to moderate.
Inox Green Energy to launch issue on Nov 11
The anchor investor bidding will open on November 10, while the issue will close on November 15. The net proceeds of the fresh issue are proposed to be utilised for repayment of certain borrowings availed by the company, including redemption of secured NCDs in full.
Demand revival to help NBFCs post best quarter in two years
Microfinance loans overdue by over 30 days along with restructured loans are estimated to have declined 800 basis points to around 14% as of March 2022, after peaking at approximately 22% in September 2021, rating agency Crisil said. But it remains well above the pre-pandemic levels of 3%, Crisil said in May.
Edelweiss Broking to raise up to Rs 300 crore via NCDs
The NCDs carry fixed coupons ranging from 8.75 per cent to 9.95 per cent per annum and have four tenors 24 months, 36 months, 60 months and 120 months, with various interest payment options like monthly, annual and cumulative.
Buy Jindal Steel & Power, target price Rs 543: Equirus Securities
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 31421.59 Crore) operating in Metals - Ferrous sector.
Buy Ambuja Cements, target price Rs 339: Equirus Securities
Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 60323.90 Crore) operating in Cement sector.
Add SBI Card, target price Rs 1120: Equirus Securities
SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 91522.53 Crore) operating in Financial Services sector.
Buy Bandhan Bank, target price Rs 490: Equirus Securities
Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 60903.57 Crore).
New RBI norms might force banks to reduce their holdings, change business models
The new draft norms mean that NBFCs owned by banks like HDB Financial Services Ltd is by HDFC Bank cannot continue as a wholly owned subsidiary or will have to choose entirely new businesses.
Antony Waste Handling Cell gets Sebi's nod for IPO
Tonbridge (Mauritius) Ltd, Leeds (Mauritius) Ltd, Cambridge (Mauritius) Ltd, and Guildford (Mauritius) Ltd will be offering shares through the offer for sale.
Buy Indian Energy Exchange, target price Rs 257: Equirus Securities
Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 6290.69 Crore) operating in Financial Services sector.
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