Daily Archives: Wednesday September 12th, 2018

Garden Reach Shipbuilders & Engineers IPO 24

IPO Investment

The initial public offering (IPO) of Mumbai-Garden Reach Shipbuilders and Engineers Limited will open on September 24 and close on September 26. The company owned by the central government has fixed the price scope for the issue from 115 to 118. A face value of 10 rupees will be given to the retail investors and the employees of the company will be given a discount of 5 rupees.

In Mumbai, Vipin Kumar Saxena, Chairman and Managing Director of the company, said that under the issue, 2.92 crore equity shares will be sold under Offer for Sale (OFS). Through this, the company plans to raise Rs 344 crore at the upper end. In the output and net issue, the company will have 22.50 percent and 25.00 percent of the paid-up equity capital after the issue.

Applications can be applied in the minimum 120 equity shares and 120 multiplier of equity shares. Equities will be listed on BSE and NSE. For this issue book running lead managers (“BRLs”) are IDBI Capital Markets and Securities Limited and Yes Securities (India) Limited. Under this, 50 percent of the net issue will be available for the allocation of qualified institutional buyers (‘QIB’) on a proportionate basis. 35 per cent for retail and 15 per cent for HNI.

Nike will bring IPO

IPO Investment

Mumbai-beauty brand retailer Nike is preparing to introduce its initial public offering (IPO) over the next two years. This information is given by the company’s top official. The company plans to double its revenue by the end of 2018-19 to Rs 1100 crores. For this, he is also introducing new brands.

Nike CEO and founder Phalguni Nair said, “We are preparing to present an IPO. But before you get the IPO, you have to go through many processes. We have appointed our internal auditor KPMG for this. The IPO is aimed at bringing in the year 2020. “Nair is a former investment banker whose expertise has been in the IPO. At present, the company has 22 outlets across the country. In the next 4 to 5 years, the company is planning to open 180 to 200 stores. Nair also said, “We want to make our domination in beauty and make-up area.

Return of the market, 300 points higher than the BSE

nifty plus

Mumbai – The Indian stock market has closed down on Wednesday with a phenomenal growth. The broader index Sensex rose 304 points to end at 37,717 and the Nifty rose 82 points to close at 11369 levels.

The fastest time during the business has been in the shares of Powergrid and AdaniPorts. Powergrid has closed at a level of 193 with a 3.75 per cent increase and Adani Ports has gained 2.96 per cent and trading at 375 level was closed. On the National Stock Exchange, the mid-cap index closed 0.33 per cent and the smallcap 0.41 per cent decline.

Talking about the sectoral index, all the indexes except the realty are closed in green mark. The maximum shopping has been done in FMCG (2.37%) shares. Bank (0.22 per cent), Auto (0.03 per cent), Financial Services (0.37 per cent), IT (0.26 per cent), Metal (1.46 per cent), Pharma (1.07 per cent), PSU Bank (0.36 per cent) and Private Bank (0.06 per cent) There has been an increase.

Talking about the big names in the Nifty, 29 green markings and 21 downs are closed. The fastest growth is in the shares of Powergrid, Sun Pharma, AdaniPorts, ITC and Hindalco. At the same time, the fall has happened in the shares of Axis Bank, Tata Motors, Hindapetro, ICICI Bank and IOC.

Former Governor Rajan wrapped up Modi government

WHAT IS TECHNICAL ANALYSIS

MUMBAI- One day earlier, BJP’s weapon was made by the former Reserve Bank of India Governor Raghuram Rajan’s tenure during the tenure of the United Progressive Alliance (UPA), the same weapon is now becoming weak. Because after the completion of nearly 4 years, the Modi government is patching back on its plans, the money scheme is the most prominent among them. But Rajan has called it Modi’s biggest drawback. Rajan has said that due to schemes like currency, the risk of NPA has increased in the country.

Explain that in recent times, he has been saying that the monetary scheme is consistently successful with many forums. But former RBI governor and famous economist Raghuram G. Rajan wrapped the government about it. On August 15 this year, Modi had said in the name of the country from the Red Fort that the youth of our country has changed all the parameters of progress today. From new areas, the country is taking on the heights. 13 million currency lenders have been given. Of these, 40 million people are those who have started self-employment for loans for the first time. The Committee of Parliament constituted for the NPA, had asked Rajan for further information. On this, Rajan appeared before this committee last month. Here he had openly held his views on the NPA.

In the words that Rajan had written about the NPA in front of the Parliamentary Committee, he termed the scheme of currency loan as the next problem of NPA. Rajan said that the government should focus on the source of NPA’s next crisis. The government should avoid steps like sharing of smoky loans and waiving of debt. Distribution of debt through Dasal Mundra and Kisan Credit Card increases the risk of future NPAs. Due to these, more NPAs can increase in the future. Rajan has also questioned the credit guarantee loans given by SIDBI to MSME.

Rupee depreciation increased

Sensex ends down

The fall in rupee against Mumbai-Dollar has not stopped. On Wednesday, this 22 paise weakened to record low of 72.91 However, there was little recovery also. The rupee had closed 24 paise down at 72.69 on Tuesday. Crude oil prices have been expensive and the foreign investors’ selling in the stock market increased the pressure on the rupee. On the other hand, the Reserve Bank of India and the government have been busy in arranging to stave off the rupee.

Brent crude prices in the international market rose 2 percent to $ 79.34 a barrel on Wednesday. On the other hand, business warfare between the US and China is expected to be strong. This also raises the pressure in the currency market.
Indeed, the impact of the rupee on India will have a double whammy on oil companies, because the import of crude oil will be expensive for them and the government will have to spend more money to repay the foreign debt. At the same time, paying higher fees to change currency will increase the cost of study and roaming abroad.

Similarly, if the rupee continues to decline, the Reserve Bank can increase interest rates and it is already believed that rates may increase in the review of October. Although industries which are dependent on exports, they will benefit from this, which are mainly information and technology companies. Compared to the dollar, Indian rupee’s performance in Asia was the worst. Since January, the rupee has fallen by 14%.

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