Tag Archive for securities

IDFC Securities Analyst report


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

IDFC Securities has recently issued analyst report on Suzlon.

Key Highlights


  • ·         Industry size: Management expects FY19 industry size to be 3GW (vs 5GW earlier) and FY20 to be 8GW. The delay in connectivity and approval of PPA will impact the volumes in FY19.


  • ·         Market share gain in FY18: Suzlon has gained market share for fourth consecutive year. Post the financial restructuring, Suzlon’s execution has improved dramatically. Its market share in FY18 stood at 36%, gain of 349bps. It has regained its pole position in the Indian market.


  • ·         Suzlon has pre bid tie ups with developers rather than participate in auction on its balance sheet.


  • ·         Suzlon’s new product portfolio S111 – 140MW (prototype commissioned), S120-140MW (prototype expected in Q1FY19) and S128-140MW (prototype commissioned in January 2018) is likely to have lower cost of generation. All these products are likely to be commissioned in next 18 months. As a result, Suzlon is strongly positioned to effectively compete in new auction regime.


  • ·          International orders: Suzlon has established pipeline of 500MW of projects in US in 2016 to avail the full benefit of production tax credit. We note that in order to qualify for the 100% PTC benefit in 2016, the projects need to start construction and make a minimum of 5% investment (safe harbor investments) in 2016. Projects which meet safe harbour investments in 2016, will be eligible for 100% PTC benefit, while projects which meet safe harbour investments in 2017 will be eligible for 80% PTC benefit. International order is likely to add the order book in 2018. Read more

Share India Securities institutes’ Merchant Banking division


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

Share India Securities Ltd, a leading knowledge and technology driven financial services group, has commenced its merchant banking operations under Share India Capital Services which is 100% subsidiary of Share India Securities Ltd. The Company recently received a license of merchant banking from SEBI with a pure focus on the SME segment and providing the solution to the local companies who want to get listed on SME platforms of BSE and NSE.

Mr Abhinav Gupta, Head, Merchant Banking, Share India Capital Services said, Share India expects more than 200 SME companies to get listed in this financial year of 2019 and expects over 30% growth in FY2020. The Company’s main focus is North and Western India and expects to reach a market share of 7% to 8% by the end of financial year FY20. 70% participation on SME platforms is from the western part of India while in North India the equity culture is just beginning to take strong roots. Share India is the only merchant banker in the North having full-fledged set up to cater to the fund raising requirements of companies in Punjab, Chandigarh, Delhi, Haryana which have lot of potential for growth but are lacking behind than company’s in the West” Read more



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

YES SECURITIES, the Investment Banking and Merchant Banking arm of YES BANK, was adjudged “India’s Best Investment Bank” by Global Finance magazine at its 2018 World’s Best Investment Bank Awards. The winners were short-listed based on an extensive annual global survey of industry experts and analysts by Global Finance magazine.

Global Finance editors, with inputs from industry experts, used a series of criteria to score and select winners, based on a proprietary algorithm. Deals announced or completed in 2017 were considered.

Vikas Dawra, Group President & Global Head, Investment Banking, YES Securities said, “This award is a true recognition of our in-depth market understanding and service excellence by industry experts worldwide. Our knowledge driven approach has enabled us to be a trusted advisor to clients, across their growth cycle and played an instrumental role in some of the most complex transactions in 2017. With continued reforms and improving confidence in the economy, we believe that the momentum will only accelerate in 2018.” Read more

ICICI Securities Limited listing ceremony held today at NSE in Mumbai


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

(L-R): Mr. Ajay Saraf (Executive Director) ICICI Securities Limited, Ms. Shilpa Kumar (Managing Director and Chief Executive Officer) ICICI Securities Limited and Mr. Vikram Limaye (CEO and MD) NSE with other dignitaries ringing the bell at the listing ceremony of ICICI Securities Limited held today in Mumbai at the NSE.

Read more

ICICI Securities allots Rs. 1718 cr to 58 anchors @ Rs. 520 per equity share


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

NSE link


Key highlights

·         ICICI Securities allots Rs. 1718 crore to 58 anchors at Rs. 520 per equity share (upper end of the Band)

·         International anchors include: Temasek, Fidelity, Artisan, Fairfax, Nomura, Amansa & Blackrock

·         Domestic Mutual Funds include – HDFC MF, DSP Blackrock, Reliance MF, Premji Invest, SBI MF, Birla MF and IDFC MF

·        Major portion of the anchor book comprises long only funds including sovereign wealth funds, pension funds and other global long only FIIs and DIIs

·         Anchor book comprises 45% (Rs 1718 cr) of the total book wherein a minimum of 75% can be allocated to QIBs

ICICI Securities Limited (the “Company” or the “Issuer”) has finalized the allocation of 3,30,24,165 crore Equity Shares at Rs. 520 per Equity Share (upper end of the Price Band) aggregating to Rs. 1,717.26 crore to 58anchor investors. Read more

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


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

ICICI Securities to open on Thursday, 22 March; Price Band Rs. 519-520 Source BSE


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

ICICI Securities Ltd. IPO opens on 22nd March and to close on 26th March 2018.

Price Band fixed from Rs. 519 to Rs. 520 per Equity Share

Source: BSE


Read more

Share India Securities Ltd reports strong Q3FY18 results


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

Financial Highlights

  Q3FY18  - 3 months ending 30 Dec 2017

(in INR Cr)

FY2018 – 9 months ending  30 Dec 2017

(In INR Cr)

FY2017 – 12 months ending 31 March 2017 (In INR Cr)
Total Revenue 39.56 97.81 110.14
PAT 5.61 12.10 8.09
PBIT 10.03 21.93 15.59
D&A 0.56 1.44 1.85
EBITDA 10.59 22.37 17.44
EBITDA Margin 26.76% 22.87% 15.80%
Net Profit Margin 14.18% 12.37% 7.35%

Share India Securities Ltd, a leading knowledge and technology driven stock broker,has reported strong financial performance for the third quarter ended 30 December 2017. The Company’s net profit for Q3FY18 stood at Rs. 5.62 crore and total revenue stood at Rs39.55 crore.  For the 9 month ending Dec 30, 2017 Company’s PAT stood at 12.10 crore and total revenue stood at 97.81 crore.  The Company had reported Net Profit of Rs 8.08 crore and total revenue of Rs 110.14 crore in the last fiscal ending March 31, 2017. Read more