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Fine Organic Industries Limited: Initial public offering of equity shares of face value Rs. 5 each (the “Equity Shares”) to open on June 20, 2018* and to close on June 22, 2018


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

Mr. Devan Kampani (JM Financial Limited), Mr. Tushar Shah (Chief Financial Officer, Fine Organic Industries Limited), Mr. Prakash Kamat (Chairman, Fine Organic Industries Limited), Mr. Mukesh Shah (Managing Director, Fine Organic Industries Limited), Mr. Jayen Shah (Chief Executive Officer, Fine Organic Industries Limited) and Mr. Jibi Jacob (Edelweiss Financial Services Limited) at Fine Organic Industries Limited IPO Press Conference held in Mumbai today.

Fine Organic Industries Limited (the “Company”) proposes to open on Wednesday, June 20, 2018*, an initial public offering of 7,664,994 Equity Shares through an offer for sale by the promoter group selling shareholders (the “Offer”). Read more

JM Financial Credit Solutions Rs. 750cr NCD Issue oversubscribed 2.19 times


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

Mr. Shashwat Belapurkar, CEO, JM Financial Credit Solutions Limited, said, “We are overwhelmed by the response to JM Financial Credit Solutions Ltd.’s maiden Public Issue of NCDs, which also has the distinction of being the first from the JM Financial Group. Overall, the Public Issue of NCDs (including Greenshoe Option) was oversubscribed 2.19 times leading to a total subscription of Rs. 1,646 crore. Retail Investors (Category IV) and HNIs (Category III) have invested a total amount of around Rs. 1,468 crore, which is more than total NCD Issue size of Rs. 750 crore (including Greenshoe Option). The oversubscription of over 3.6 times in the Retail Investors category justifies our higher proportion of 30% allocation ratio to Retail Investors in the basis of allotment. The success of our NCD Public Issue sets a new benchmark for a wholesale NBFC such as JMFCSL that provides integrated financial solutions to real estate developers with a focus on residential project financing. This is a testimony to the success of the transformational changes in the real estate sector and will further deepen the Indian debt markets inviting meaningful long term wider public participation in debt offerings from wholesale NBFCs.” Read more

Gravita India FY18 PAT at Rs. 45.21 crore; up 48 per cent


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

Gravita India Limited (NSE: GRAVITA, BSE: 533282), a leading recycling multinational company declared its financial results for the quarter and financial year ended March 31, 2018.

Gravita’s Profit After Tax surged to Rs.11.11 crore as against Rs. 9.34 crore for the corresponding quarter last year. PAT margin stood at 3.07 % in Q4 FY18 versus 4.39 % in Q4 FY17.

Commenting on the results, Mr. Rajat Agrawal, MD at Gravita India said, “We are pleased to announce the results and they are in-line with our expectations. Our recently commissioned commercial production of Lead Tetra Oxide at Jaipur and PPCP Granules Lines at Chittoor plant;  the recent order-win from Singapore will strengthen our top line and bottom line in FY18-19.”

Highlights of Consolidated Q4 FY18 Performance

  • Fourth quarter total revenue increased to Rs. 362.44 crore from Rs. 212.65 crore in Q4FY 17, up 70.44 %

  • The EBITDA in Q4 FY18 stood at Rs. 24.99 crore from Rs. 19.20 crore; up 41.29 % in the same period last year.

  • Q4 Net Profit rose by18.94 % to Rs. 11.11 crore up from Rs. 9.34 crore in FY 17. Read more

ICE Make FY18 Net Profit rises 32.19 % to Rs 6.63 cr


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

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has announced its financial results for FY18 and the second half of financial year ended March 31, 2018.

The Company’s net profit for FY18 rose by 32.19 % to Rs 6.63 crore compared to Rs 5.10 cr posted in FY17.

The Company’s total revenue grew by 15.70% to Rs. 101.68 Crore as compared to Rs 87.88 Cr reported in the corresponding financial year (FY17)

The Company’s revenue for the second half of FY 2018 grew at 16.31% to Rs 61.42 Crores while net profit for the period rose by 30.03% to Rs 4.49 Crores.

During the year Company’s EBIDTA went up by 0.92 % YoY to Rs 12.38 crores while EBIDTA Margin improved to 12.25% compared to 11.33% in FY’17. PAT Margin improved to 6.52% compared to 5.71% in FY’17

The Board of Directors of the Company at its meeting held on May 24, 2018 recommended final dividend of Rs 1.00 per equity share of Rs 10/each, for the financial year ended 31 March 2018. Read more

Legendary Music Director Khayyam Saheb donated Rs. 1.5 lakh to FWICE for Cine Workers’ Welfare


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

Gangeshwarlal Shrivastav, Anup Jalota,Khayyam Sahab & his wife Smt. Jagjeet Kaur, BN Tiwari,Ashok dubey at Federation of Western India Cine Employees, Andheri (West), Mumbai.jpg


Film industry’s renowned association, Federation of  Western India Cine Employees (FWICE), helmed by its President B.N. Tiwari and General Secretary Ashok Dubey with their respective office bearers hosted a grand press-meet on Monday, 14th May 2018 in their office situated at Kartik Complex, Link Road, Andheri (West), Mumbai-400 053.On this occasion veteran and renowned music director  & The Padma Bhushan Award winner Khayyam Saheb who gave memorable music in the songs like “Tere chehre se nazar nahi hatati (from Kabhi Kabhi)”Mohabbat bade kaam ki cheez hai” and “Janeman tum kamal karti ho” and the light “Gapuchi Gapuchi gam gam”. “Hazarrahen” from Thodisi Bewafai and “Aaja re o mere dilbarAaja” from Noorie amongst others and his wife Jagjeet Kaur visited the association’s office to donate a cheque of Rs.1,50,000 to FWICE for the welfare of cine workers. This is third time in a row that they have been donating to the association through their KPJ Charitable Trust. Read more

Peninsula Land sells apartments worth Rs. 150 cr at its newly launched project in Gahunje, Pune


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

Nandan Piramal

Peninsula Land Limited, a leading corporate real estate developer, part of the Ashok Piramal Group, announced that it has sold over 650 apartments at their newly launched affordable luxury project `addressOne` in Gahunje, Pune. The value of these apartments sold is over Rs. 150 crores making it one of the most successful launches for Peninsula Land. Read more

Shriram Automall Platforms transacted Business worth over Rs. 3000 crore in FY 2017-18


By Vivek K.

Shriram Automall India Limited (SAMIL), India’s Largest Physical & Online Bidding Platform for transactions of pre-owned vehicles & equipment grew by 30% in FY 2017-18. SAMIL achieved this milestone by transacting over 1,20,000 pre-owned vehicles & equipment worth Rs. 2300 Cr. through its physical platforms, acquiring 100000+ unique bidders while assisting already existing 6,50,000+ bidders through its 75 well structured Automall facilities across India. After the partnership with CarTrade Exchange & Adroit, in the month of March 2018 the company transacted Rs. 354 Cr. worth of business through its physical & online platforms & grew 71% when compared to Feb 2018. Read more

HDFC AMC crosses Rs. 3 lakh crore AUM in FY18


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

The change in the recent savings trend in Indian households and an increase acceptability among financial asset classes bode well for the mutual fund industry for the last financial year. Mutual funds asset under management (AUM) grew by over Rs. 23 lakh crore to stand at Rs. 4.75 lakh crore. Out of this HDFC Asset Management Company Limited (HDFC AMC) has achieved a significant milestone with an AUM crossing the Rs. 3 lakh crore mark in FY18. For the fiscal 2018, the AUM of HDFC AMC stands at Rs. 300,549 lakh crore.


HDFC AMC posted growth of 31 percent in net profit for fiscal 2017-18 to Rs 722.61 crore as compared to Rs. 550.24 crore for fiscal 2016-17. The total revenue for HDFC AMC, grown 17.6 percent on YoY basis for FY17-18 to stand at Rs ₹1,867.24 crore vs. Rs. 1,587.91 crore for FY 16-17. HDFC AMC’s average assets under management was at Rs. 3 lakh crore in January-March 2018.


HDFC AMC has been a leader in the Indian mutual fund industry as demonstrated by leading position across key industry metrics. The AMC has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, according to CRISIL. Also, the AUM of HDFC AMC has grown at a CAGR of more than 34% since Fiscal 2001. Read more

Tata Mumbai Marathon 2018 raises over Rs 34.36 crores, shattering all previous records


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

The Tata Mumbai Marathon (TMM) is much more than a Marathon, it is a showcase for the ‘Can do… Will Do’ spirit of humanity. The event transcends sport and encourages the ‘Power of the Collective’ to make a difference. The event has ignited a spirit of giving, empowering countless individuals to bond with civil society for the change they want to see in it.

United Way of Mumbai, the event’s philanthropy partner, continued their commitment towards charity and shattered all previous records raising over Rs. 34.36 crores, an unprecedented achievement.

With this, the cumulative amount raised by the event in 15 years since its inception in 2004 has breached the Rs 200 crores mark, standing at an impressive Rs. 229.16 crores today. This re-affirms TMM as the single largest sporting platform for philantrophy in India.


‘Giving’ through TMM reached a new high as 262 NGOs, 169 Corporates, 266 teams, 231 Young Leaders along with thousands of individual donors and fundraisers came forward to support a host of social causes including Education, Disability, Health Care, Women Empowerment, Children, Animal Welfare & Environment, Livelihood, Social, Civic & Community Development, Art, Elderly, and Gender among others.


Read more

Tata Chemicals to acquire Allied Silica for Rs 123cr


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

Tata Chemicals entered into a Business Transfer Agreement with Allied Silica Limited to acquire their business of precipitated silica for a consideration of ₹ 123 crores, on a slump sale basis. The deal is expected to be closed within three months. This acquisition is a part of the Rs. 295 crore investment approved by the Board during Feb 2017, towards this specialty business.

This agreement includes the acquisition of an existing manufacturing site in Tamil Nadu, which will produce Highly Dispersible Silica (HDS). The specialty chemical product represents a downstream value addition to Tata Chemicals soda ash business, where it ranks among the top manufacturers globally.


Commenting on the move, Mr R Mukundan, Managing Director, Tata Chemicals said, ‘This acquisition is another step in our journey to build technologically enabled, differentiated businesses, with greater customer centricity, by leveraging our core strengths. The manufacture of speciality and performance silicas is one such area. This is in line with our focus to grow our specialty business, along with our consumer business.’ Read more