Tag Archive for 26%

Kritika Wires Ltd IPO opens on Wednesday 26 Sept 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Kritika Wires Ltd, engaged in manufacturing of all types of Galvanized Steel Wires and Wire products, proposes to open its initial public offer (IPO) of 48, 12,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 32 per Equity Share, aggregating up to Rs 1539.84 lakhs, on 26 September 2018 at the NSE Emerge platform. The issue will close on Monday October 1, 2018. The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Issue is Link Intime India Private Limited.

Mr. Naresh Kumar Agarwal, Chairman and Whole Time Director, Mr. Hanuman Prasad Agarwal, Managing Director of Kritika Wires Ltd said “The Company expects to raise Rs 15.4 crores from the IPO proceeds which will be utilized for meeting working capital requirements, general corporate and issue expenses. Kritika Wires, which was incorporated in 2004, has been in the business of manufacturing of various types of high quality Galvanized and non-galvanized wires for the last 14 years and caters to the need of the various State Electricity Boards, EPC Companies and other industries like cable & conductor manufacturing, general engineering purpose and railways etc. The Company is an ISO 9001: 2015 and ISO 14001: 2015 certified Company having our manufacturing facilities in Dhulagarh Industrial Area, Kolkata, West Bengal. The facilities are well equipped with latest machinery, equipments and technology, In-house testing facilities and qualified engineers, which help us in maintaining quality standards as well as an efficient delivery record” Read more

Garden Reach Shipbuilders & Engineers Limited: Initial Public Offer to open on September 24, 2018 and to close on September 26, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shri RADM Vipin Kumar Saxena, IN (Retired) (Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited) while addressing the media during the Garden Reach Shipbuilders & Engineers Limited IPO press conference held today in Mumbai.

Garden Reach Shipbuilders & Engineers Limited (the “Company”), proposes to open on September 24, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a offer for sale 29,210,760 Equity Shares by the Promoter, The President of India, acting through the Ministry of Defence, Government of India (“The Selling Shareholder”).

The offer includes a reservation of up to 572,760 equity shares for subscription by eligible employees (as defined herein) (“Employee Reservation Portion”). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer will constitute 25.50% and 25.00% respectively, of the post offer paid-up equity share capital of the company. The Bid/Offer Period will close on September 26, 2018. Read more

Overseas capital investment in India touches USD 2.6 bn recording a 31% growth according to Knight Frank’s Active Capital: The 2018 Report

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Knight Frank, the independent global property consultancy, today launched Active Capital: The 2018 Report. Looking at the shifts in capital flows, the report dives into the sources and destinations of cross-border investments in commercial real estate.

 

Key India findings of the report:

 

  • ·         India ranks an impressive 19th position amongst the 73 countries that attracted cross-border capital into their property market in 2017. With USD 2.6 bn of cross-border capital inflows (excluding development sites), India ranks ahead of its Asia Pacific regional counterparts like Malaysia, Thailand, Indonesia, Vietnam and Philippines, which collectively attracted lesser capital flows compared to India.

 

  • ·         Capital flows into Indian property market have been 10 times higher than the outflows in 2017. USD 2.6 bn of inflow was recorded compared to outbound capital flows to the tune of USD 0.26 bn last year. Led by a battery of reforms like RERA, GST and demonetisation, the attractiveness of Indian real estate potential has caught the fancy of international investors and developers alike resulting into this favourable investment account.

 

  • ·         Compared to 86% share in 2016, United States, Canada and Singapore collectively contributed to 84% of capital inflows to Indian property followed by United Kingdom, United Arab Emirates and Hong Kong in 2017. Read more

Varroc Engineering Limited: Initial Public Offer to open on June 26, 2018 and to close on June 28, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Mickey Doshi (Credit Suisse Securities (India) Private Limited), Mr. Arjun Jain (President, Electrical BU, Varroc Engineering Limited), Mr. T R Srinivasan (Group CFO, Varroc Engineering Limited), Mr. Tarang Jain (Managing Director, Varroc Engineering Limited), Mr. Ashwani Maheshwari (CEO, India Business, Varroc Engineering Limited), Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) and Mr. Subhrajit Roy (Kotak Mahindra Capital Company Limited) at Varroc Engineering Limited IPO Press Conference held today in Mumbai.

Varroc Engineering Limited (the “Company”), proposes to open the Offer on June 26, 2018, an initial public offering of 20,221,730 Equity Shares through an offer for sale by the promoter and investor selling shareholders (as defined below) (the “Offer”). The Offer consists of an offer for sale of (i) up to 1,752,560 Equity Shares by Mr. Tarang Jain (“Promoter Selling Shareholder”), (ii) up to 16,917,130 Equity Shares by Omega TC Holdings Pte. Ltd. (“Investor Selling Shareholder 1”) and (iii) up to 1,552,040 Equity Shares by Tata Capital Financial Services Limited (“Investor Selling Shareholder 2”). The Offer also includes a reservation of 100,000 Equity Shares, for subscription by eligible employees (the “Employee Reservation Portion”) at a discount of Rs. 48 per share on the Offer Price (“Employee Discount”). The Offer less the Employee Reservation Portion is the “Net Offer” and such Net Offer aggregates up to 20,121,730 Equity Shares. The Offer and the Net Offer shall constitute 15% and 14.93%, respectively, of the post-offer paid-up equity share capital of the company. Read more

Hindi comedy drama ‘Golmaal – The Play’ to be staged at Rang Sharda on May 26

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Payal Goga Kapoor,Rajesh Puri,Vindu Dara Singh,Sheeba,Akashdeep in Hindi Comedy Play 'Golmaal-The Play'

Well-known film and television actor Vindu Dara Singh and winner of third season of ‘Bigg Boss’ has forayed into production. His first venture as a producer is the Hindi comedy play ‘Golmaal – The Play’. It is directed by Lakbhir Lahiri and Lucky Hans. This satirical play which is of 2 hours’ duration will be staged on Saturday 26 May 2018 at 8:00 p.m. at Rang Sharda in Bandra (West). The play features Vindu Dara Singh himself with film actress Sheeba in the lead and is ably supported by Rajesh Puri, Payal Goga Kapoor, Lakhbir Lahiri, Surleen Kaur and Akashdeep. Read more

Lemon Tree Hotels Limited: Initial Public Offer to open on March 26, 2018 and to close on March 28, 2018

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By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. V Jayasankar (Kotak Mahindra Capital Company Ltd), Mr. Vineet Ranjan (Director Strategic Initiatives & Transformation) Lemon Tree Hotels Ltd, Mr. Kapil Sharma (Chief Financial Officer) Lemon Tree Hotels Ltd, Mr. Patanjali Keswani (Chairman & MD) Lemon Tree Hotels Ltd, Mr. Pankaj Agrawal (CSLA India Private Ltd), Mr. Kaustubh Kulkarni (J. P. Morgan) and Mr. Jayesh Shah (Yes Securities (India) Ltd) at Lemon Tree Hotels Limited IPO Press Conference held in Mumbai today.

Lemon Tree Hotels Limited (the “Company”) proposes to open on Monday, March 26, 2018 ,an initial public offering of Equity Shares of upto 185,479,400 equity shares of face value of Rs. 10  of Lemon Tree Hotels Limited for cash at a price of Rs. [●] per equity share aggregating up to Rs. [●] million through an offer for sale of up to 94,500,053 equity shares aggregating to Rs. [●] million by Maplewood Investment Ltd (“Maplewood”), up to 25,320,584 equity shares aggregating to [●] million by RJ Corp Limited, up to 13,999,416 equity shares aggregating to [●] million by Ravi Kant Jaipuria and Sons (HUF), up to 6,986,180 equity shares aggregating to Rs. [●] million by Whispering Resorts Private Limited, up to 883,440 equity shares aggregating to Rs. [●] million Swift Builders Limited, up to 23,649,816 equity shares aggregating to Rs. [●] million by Five Star Hospitality Investment Limited, up to 19,159,911 equity shares aggregating to Rs. [●] million by Palms International Investments Limited, up to  480,000 equity shares aggregating to Rs. [●] million by Mr. Satish Chander Kohli and up to 500,000 equity shares aggregating to Rs. [●] million by Mr. Raj Pal Gandhi. The Offer shall constitute up to 23.59% of the post-Offer paid-up Equity Share capital of the Company. The Company and Maplewood may, in consultation with the Global Co-Ordinators and Book Running Lead Managers and the Book Running Lead Manager, consider participation by Anchor Investors. The Anchor Investors shall Bid during the Anchor Investor Bidding Date, i.e., one Working Day prior to the Bid/Offer Opening Date. Read more

ICICI Securities Limited: Initial Public Offer to open on March 22, 2018 and to close on March 26, 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Ms. Kaku Nakhate (DSP Merrill Lynch Limited), Mr. Ajay Saraf (Executive Director, ICICI Securities Limited), Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited), Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited), Mr. Harvinder Jaspal (Chief Financial Officer, ICICI Securities Limited) and Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) at ICICI Securities Limited IPO Press Conference held in Mumbai today

ICICI Securities Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 22, 2018, an initial public offering of 77,249,508 Equity Shares of face value of Rs. 5 each for cash at a Price including a Share Premium (the “Offer”) through an Offer for Sale of up to 77,249,508 Equity Shares by ICICI Bank Limited (the “Promoter Selling Shareholder”), including a reservation of up to 3,862,475 Equity Shares for purchase by the ICICI Bank Shareholders for cash at a Price including a Share Premium (“ICICI Bank Shareholders’ Reservation Portion”). The Offer would constitute 23.98% of the Post-Offer Paid-Up Equity Share Capital and the Net Offer (the Offer excluding “ICICI Bank Shareholders’ Reservation Portion”) shall constitute 22.78% of the Post-Offer paid-up Equity Share Capital. Read more

How would you like it if you had 26 options for every course of your meal?

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

As the country gears up to celebrate its 69th Republic Day, Hotel Sahara Star is set to welcome its guests with enticing special vegetarian buffet spread so huge you would not know what to eat and what to miss! 26 varieties for each course over 100 vegetarian dishes to choose from. What’s more, also enjoy unlimited beer. Read more

Sanghi’s turnover rises by 26% in Q2FY13

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By Vivek K Mob: 00919820310487 E-mail: indianshowbusiness@gmail.com

Sanghi Industries Limited, one of Gujarat’s leading cement manufacturer reported 26% rise in turnover to Rs. 286.3 crore in the second quarter ended December 31, 2012. During the corresponding quarter last year, company had turnover of Rs. 227.1 crore. For the first half, company’s sales rose by 31% to Rs. 499.7crore against Rs. 382.7 crore in the previous year.

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