Tag Archive for SEBI

Shakun Polymers files DRHP with SEBI for IPO

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

Shakun Polymers Limited, (the “company” or “Shakun”) one of the leading players in the field of compounding for the Wire & Cable market, has filed their Draft Red Herring Prospectus (“DRHP”) with the market regulator SEBI, for the company’s proposed IPO. The Offer includes Fresh Issue of Equity Shares aggregating up to ₹750 million (“Fresh Issue”) and an “Offer for Sale” of up to 1,800,000 Equity Shares by the “Selling Shareholders”.

The company proposes to utilise the net proceeds from Fresh Issue towards setting up of new unit for manufacturing Halogen Free Flame Retardant (“HFFR”) compounds and general corporate purpose.

Shakun is ISO-9001 certified company which is headquartered in Vadodara and has two manufacturing facilities at Halol district in Gujarat and one at Daman, having an aggregate installed capacity of over 25,000  MT p.a.. Shakun is one of the first movers in India for manufacturing of HFFR compounds and one of the leading exporters for HFFR compounds from India.

In addition to having an established presence in India, Shakun has established its presence in various countries in Asia, Middle East, Africa and South America. The company exports over 50 percent of their products to international markets. Some of their domestic and international customers includes Polycab Wires Private Limited, KEI Industries Limited, KEC International Limited, RR Kabel Limited, Apar Industries Limited, Dubai Cable Company (Private) Limited, Alfanar Cables, Tekab Company Limited, Nuhas Oman LLC, Moghan Wire & Cable Co. and Abhar Wire & Cable Co.. Read more

Bandhan Bank Limited files Draft Red Herring Prospectus with SEBI

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

Bandhan Bank Limited (the “Bank”) has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for its proposed initial public offering (“IPO”) of up to 119,280,494 equity shares of face value of ₹10 each (the “Equity Shares”) for cash at a price per equity share (including a share premium per equity share) to be determined through a book building process (the “Issue”).

The IPO consists of a fresh issue of up to 97,663,910 equity shares and an offer for sale of up to 14,050,780 equity shares by International Finance Corporation (“IFC”); and up to 7,565,804 equity shares by IFC FIG Investment Company ɪ. Read more

Finance Minister Arun Jaitley formalizes merger of Forward Markets Commission with SEBI

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

Regulation of commodities derivates today came under SEBI’s jurisdiction, as the Forward Markets Commission merged with SEBI in Mumbai. Finance Minister Arun Jaitley, who formalized the merger by ringing the customary bell, said amalgamation of FMC and SEBI would bring convergence of regulations in the commodities and equity derivatives markets. “The merger will increase the economies of scope and scale as there are strong commonalities between all kinds of trading. I am sure that SEBI is prepared to regulate the commodity derivatives market,” he said.

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SEBI trying to siphon of Sahara money, alleges lawyer

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

Very misleading news has been circulated by SEBI stating that Sahara’s investor’s are untraceable and on Sebi’s quest to locate genuine Sahara investors has become a very costly affair for the regulator and its expenses may rise further next year from about Rs 60 crore estimated for the current fiscal. It further says that SEBI has sought a permission to use a portion of Rs 5,120 crore, deposited by Saharas for refund to its investors, for settling expenses incurred or to be incurred in the matters for carrying out directions of the apex court.

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“India’s salvation lies in its youth population” says M.Damodaran,Chairman,The Damodaran Group

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By K Ashwin Mob: 9920183006 Email: indianshowbusiness@gmail.com

Former SEBI and UTI Chairman Mr. M Damodaran who now heads The Damodaran Group was the Chief Guest at the Half-Yearly Ordinary General Meeting of Indian Merchants’ Chamber (IMC) held on Dec 17th, 2013 at IMC. Addressing the industrialists, businessmen, distinguished guests and members of IMC on the theme ‘The window of opportunity’, Mr. Damodaran began his speech saying, “Why just window, why not door of opportunity? We shut door in our face, our political masters lack the will. There is policy paralysis. Actually the international situation is such that we can milk it to our advantage given that the US and Europe are in doldrums, and even China is searching for a soft-landing but we lost the opportunity”, he regretted.

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SEBI Chief UK Sinha & SBI Chairperson Arundhati Bhattacharya reiterate role of Indian management institutions in finance related research & knowledge

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

Keynote speakers Mr. UK Sinha (Chairman, SEBI) and Ms. Arundhati Bhattacharya (Chairperson, State Bank of India) reiterated the role of B-Schools such as the Indian School of Business (ISB) in finance related research and knowledge when it comes to modernising finance and fostering the next leg of growth. These views were also echoed by several prominent business leaders from the banking and finance industry at Artha ISB Capital Markets Conclave 2013 that was organized for the first time in Mumbai by students of the finance club and Alumni at ISB.

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‘SMC Global files Draft Red Herring Prospectus with SEBI for FPO’

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

SMC Global Securities Limited (“SMC Global” or “Our Company”) has filed a Draft Red Herring Prospectus (“DRHP”) with SEBI for a further public offering (“FPO”) on November 1, 2012.

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