AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

SEBI issues consultation paper to review SME IPO and disclosure norms. Some key points are as follows

1. Minimum application size shall be increased from one lakh rupees per application to two lakh rupees per application

2. Increase the requirement of minimum allottees from 50 to 200

3. OFS in SME IPO may be restricted to 20% of the issue size. Further, for selling shareholders, shares offered for sale in SME IPO shall not exceed more than 20% of their pre-issue shareholding on fully diluted basis.

4. Requirement of appointment of Monitoring Agency shall be made applicable for issuer company if fresh issue size is higher than 20 crore.

5. In cases where there is no requirement of appointment of Monitoring Agency, there should be a mandatory requirement of Statutory auditor’s certificate for utilization of money raised through the public issue, to be submitted to Exchange while filing the half yearly financial statement, till the issue proceeds are fully utilized. These certificates should also be submitted to the Audit Committee and Board of the Issuer Company.

6. It is proposed that lock-in on minimum promoter contribution in SME IPO shall be increased to 5 years. Additionally, lock-in on promoters’ holding held in excess of MPC shall be released in phased manner i.e. lock-in for 50 promoters’ holding in excess of MPC shall be released after 1 year and lock-in for remaining 50% promoters’ holding in excess of MPC shall be released after 2 years.

7. It is proposed that GCP amount in SME IPO may be restricted to 10% of issue size or Rs. 10 crore (whichever is lower).

8. Removal of option for raising funds for unidentified target / acquisition.

9. In case of conversion of Company from Limited Liability Partnership or from Partnership firm, the Company shall be in existence for at least period of Two full Financial Year before filing of DRHP.

10. Proposal for 2 year cooling off period before SME IPO for a Company, if there is a change of promoter(s) or new promoter(s) have come after acquisition of 50% or more shareholding prior to filing of draft offer document.

11. Minimum Issue Size – more than Rs 10 crore

12. Repayment of Loan of Promoter, Promoter Group or any related party, from the issue proceeds, whether directly or indirectly should not be considered as object.

13. No outstanding convertible securities before IPO.
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*India Daybook – Stocks in News*


*Kitex Garments:* Company to consider bonus equity shares on Nov 22 (Positive)

*Ashoka Buildcon:* Company wins large order worth Rs 2800 Cr (Positive)

*ITI:* Company gets contract worth rupees 95 cr for mining digital transformation & surveillance system (MDTSS) in Uttarakhand (Positive)

*Shipbuilding stocks:* Govt will soon set up Rs 30,000 cr maritime development fund to help shipbuilding: Media sources (Positive)

*PG Electroplast:* Company's wholly owned subsidiary PG Technoplast enters electric vehicle assembly and lithium-ion battery assembly (Positive)

*Shilpa Medicare:* Company unit received certificate of suitability (CEP) from EDQM for API, Octreotide (Positive)

*GMR Airports:* For October 2024, saw significant growth in passenger traffic, handling over 10.7 million passengers, a 9% increase (YoY) and a 5% rise (MoM) (Positive)

*Manba Finance:* Company signs MoU with Piaggio Vehicles to offer customized financing solutions for 3-wheelers (Positive)

*RVNL:* Company gets letter of acceptance from South Central Railway for Rs 295 crore contract (Positive)

*RACL Geartech:* Company received a nomination from BMW AG to supply drive train parts for an electric sports car, starting production in 2026 (Positive)

*Ami Organics:* Promoters Nareshkumar Patel and Chetankumar Vaghasia acquired 17.73% stake in Ami Organics (Positive)

*NTPC:* Company incorporates 50-50 JV of NTPC Green with ONGC Green. (Positive)

*Gulf Oil Lubricants:* Company’s long-term fund-based cash credit rating upgraded to AA+ from AA by ICRA. (Positive)

*Jyoti Structures:* Board meeting on Nov 22, 2024, to consider equity fund raising via rights issue. (Positive)

*Oil upstream stocks:* Govt to discontinue windfall gains tax levy in December: sources (Positive)

*Britannia:* Company secures injunction against Desi Bites for Good Day trademark infringement (Positive)

*Bharti Airtel:* Company and Singtel planning to hold equal direct stakes in co (Positive)

*Astrazeneca:* Receives DGCO approval for inhalation drug (Positive)

*Reliance Power:* Company and reliance infrastructure board reconstituted, four new directors join the board, Ashok Pal, CFO, Reliance Power appointed as executive director of the Company (Neutral)

*Dhampur Surgar Mills:* India Ratings affirmed Dhampur Sugar Mills' credit ratings. Long-term issuer rating is IND AA/Stable. (Neutral)

*Orbit Exports:* Company undertake capital expenditure of Rs 300 million to increase capacity of Valsad plant (Neutral)

*Dr Reddys:* Company issues clarification regarding retail-level recall of Morphine Sulfate extended-release tablets in U.S. on October 22. (Neutral)

*SBI:* Bank’s Rs 10,000 crore, 15-year bond issue fully subscribed. (Neutral)

*Medplus Health:* PI Opportunities Fund exits from Medplus Health, sells 5.8% stake for ₹483 crore (Neutral)

*Vedanta/JSPL:* Companies are among provisional resolution applicants for GVK Power & Infra (Neutral)

*Zee Entertainment:* Punit Goneka resigns from the post of Managing Director to focus on operational responsibilities. (Neutral)

*M&M:* JV with Volkswagen India stalled due to disagreement on key issues (Neutral)

*Jagran Prakashan:* Company Received show cause notices (SCN) from GST authorities for Apr 2020-Mar 2021.
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Mkt. Updates :
@AlliesFin

*GIFT Nifty +27 pts (23540) from last trade 23513 ,*

Nikkei +99 pts ,
Hangseng +123 pts ,

Dow -55.39 pts ,Nsdq +111.69 pts, S&P
+23.00 pts , Bovespa -23 pts , Ftse +45 pts , Dax -21 pts , Cac +8 pts , Crude @ $68.95 brl (-0.21), Brent @ $73.14 brl (+2.10) , Gold @ 2616.20 (+1.60), Silver $31.255 (+0.03), Euro @ $1.0594, JPY @ $154.50, INR @ 84.395


US GOVT. 10-YR YIELD : 4.41%


Today's Corporate Action, 19 Nov Ex Date :

ASHOKLEY
Interim Dividend - Rs. - 2.0000
ASIANPAINT
Interim Dividend - Rs. - 4.2500
CHAMBLFERT
Interim Dividend - Rs. - 5.0000
GPPL
Interim Dividend - Rs. - 4.0000
MRF
Interim Dividend - Rs. - 3.0000
PGHH
Final Dividend - Rs. - 95.0000
RSYSTEMS
Interim Dividend - Rs. - 6.5000
SAFARI
Interim Dividend - Rs. - 1.5000
TANAA
Interim Dividend - Rs. - 1.0000


Today's Key Results/Board Meetings, 19-Nov-24 :

BRAHMINFRA
Quarterly Results
GODFRYPHLP
Interim Dividend
SJCORP
General


SEC. IN F&O BAN FOR 19.11.2024 :

*1. AARTIIND 2. ABFRL 3. GNFC 4. GRANULES 5. HINDCOPPER*

*ADDITION : NIL*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 93.49 BILLION*
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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India Daybook – Stocks in News


Prestige estates: Prestige Group acquires 22,135 sq. meters of land in Mira bhayandar Municipal Corporation (Positive)

HCL Technologies: Company and Servicenow roll out AI labs, adding to HCL tech’s global network (Positive)

Cyient: Company expands partnership with Allegro Micro Systems for magnetic sensors & power semiconductors for automotive industry (Positive)

Happiest Minds: Company eyes H2 growth driven by $2 million Generative AI investment (Positive)

GAIL: Company signs 10-year agreement with ADNOC gas for delivery of up to 0.52 MMTPA LNG, LNG to be delivered in six cargoes per year, starting in 2026 (Positive)

EaseMyTrip: Company is investing Rs 39.2 Cr in Planet Education for 49% stake and Rs 100 Cr in Jeewani Hospitality for 50%. (Positive)

Man Infraconstruction: MICL group realigns portfolio with strategic focus on Mumbai’s luxury segment, MICL group divested from phase 3 of project near Dahisar (Positive)

East West Freight Carriers: Company has entered in service contract with Erhardt Project Cargo and Logistic Middle East UAE (Positive)

IRB Infrastructure: IRB Infrastructure trust to offer 5 highway assets to IRB Invit fund, proceeds expected to fund new road pipeline of up to Rs 300 billion (Positive)

R.P.P Infra Projects: Company secures order worth Rs. 38.32 crores for road and infrastructure development in Tamil Nadu (Positive)

Nureca: Company signs distribution agreement with Zepto (Positive)

Patel Engineering: Company aims to achieve 20% year-on-year revenue growth from FY26 onwards, says MD Kavita Shirvaikar. (Positive)

Vatech: Company has secured a mega order worth ₹1,000 Cr for a 100 MLD Sea Water Desalination Plant from Indosol Solar Pvt. Ltd. for its Solar PV manufacturing facility in Andhra Pradesh. (Positive)

ACME: Company gets Rs 3,753 cr loan from REC for FDRE projects in Rajasthan and Gujarat (Positive)

Marico: Company says food inflation to moderate in next 2 quarters, expect double-digit revenue growth in H2 (PTI) (Positive)

Hyundai Motor: Company bets on CNG vehicles, sees accelerated demand (PTI) (Positive)

NALCO, Hindalco: Companies to remain in the spotlight as China announced that the export tax rebate for Aluminium and Copper products (Positive)

PTC Industries: Net profit at Rs 17.3 cr vs Rs 8.1 cr, Revenue at Rs 72.4 cr vs Rs 57.5 cr (YoY) (Positive)

EID Parry: Net profit at Rs 592 cr vs Rs 226 cr, Revenue at Rs 9330 cr vs Rs 6747 cr (YoY) (Positive)

Expleo Solutions: Net profit at Rs 35.4 cr vs Rs 20.5 cr, Revenue at Rs 260 cr vs Rs 230 cr (YoY) (Positive)

Glenmark Pharma: Net profit at Rs 350 cr vs Rs 200 cr, Revenue at Rs 3430 cr vs Rs 3210 cr (YoY) (Positive)

Reliance Infra: Net profit at Rs 4080 cr vs Net Loss of Rs 294 cr, Revenue at Rs 7260 cr vs Rs 7150 cr (YoY) (Positive)

Bombay Burmah Trading Corp: Net profit at Rs 250 cr vs Rs 122 cr, Revenue at Rs 4760 cr vs Rs 4500 cr (YoY) (Positive)

Federal Mogul Goetze: Net profit at Rs 38.2 cr vs Rs 32.1 cr, Revenue at Rs 460 cr vs Rs 440 cr (YoY) (Positive)

RMC Switchgear: Net profit at Rs 10.1 cr vs Rs 8.0 cr, Revenue at Rs 123.5 cr vs Rs 103 cr (YoY) (Positive)

SH Kelkar: Net profit at Rs 40 cr vs Rs 29 cr, Revenue at Rs 522 cr vs Rs 412 cr (YoY) (Positive)

AVG Logistics: Net profit at Rs 5.3 cr vs Rs 2.9 cr, Revenue at Rs 138 cr vs Rs 117 cr (YoY) (Positive)

Suraj Estate: Net profit at Rs 31.8 cr vs Rs 17.0 cr, Revenue at Rs 110 cr vs Rs 100 cr (YoY) (Positive)

Alicon: Net profit at Rs 17 cr vs Rs 14.5 cr, Revenue at Rs 463 cr vs Rs 381 cr (YoY) (Positive)

Northern Spirits: Net profit at Rs 12 cr vs Rs 7 cr, Revenue at Rs 947 cr vs Rs 596 cr (YoY) (Positive)

Shiv Texchem: Net profit at Rs 21 cr vs Rs 11 cr, Revenue at Rs 1030 cr vs Rs 612 cr (YoY) (Positive)

Delhivery: Net profit at Rs 10.2 cr vs Net Loss of Rs 103 cr, Revenue at Rs 2190 cr vs Rs 1942 cr (YoY) (Positive)

Sarda Energy: Net profit at Rs 195 cr vs Rs 141 cr, Revenue at Rs 1160 cr vs Rs 1000 cr (YoY) (Positive)
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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India Daybook – Stocks in News..


Tantia constructions: Company is lowest bidder for order worth Rs 1.51 billion. (Positive)

Tata Power: Renewable energy unit commissions 126 MW floating solar project in Madhya Pradesh. (Positive)

*India Glycols:*Company forays into premium alcoholic beverages market in India, partners with Amrut distilleries to make, sell select Amrut brands (Positive)

PNB Housing Finance: Morgan Stanley Buys 1.4 Cr Shares at an Average price of ₹939.3/Sh valued at ₹1,336 Cr (Positive)

WIPRO: Sipchem, Company collaborate for major SAP S/4HANA implementation (Positive)

Godrej Industries: Net profit at Rs 288 cr vs Rs 87 cr, Revenue at Rs 4805 cr vs Rs 3938 cr (YoY) (Positive)

Refex Ind: Net profit at Rs 37.3 cr vs Rs 23.4 cr, Revenue at Rs 520 cr vs Rs 350 cr (YoY) (Positive)

ISGEC Heavy Engineering Ltd: Net profit at Rs 95.7 cr vs Rs 63.7 cr, Revenue at Rs 1643.9 cr vs Rs 1473.1 cr (YoY) (Positive)

VRL Logistics: Net profit at Rs 35.8 cr vs Rs 19.7 cr, Revenue at Rs 800 cr vs Rs 709 cr (YoY) (Positive)

Dilip Buildcon: Net profit at Rs 265.8 cr vs Rs 68.6 cr, Revenue at Rs 2461 cr vs Rs 2850 cr (YoY) (Positive)

Patel Engineering: Net profit at Rs 73 cr vs Rs 38 cr, Revenue at Rs 1174 cr vs Rs 1021 cr (YoY) (Positive)

Oriana Power: Net profit at Rs 48.6 cr vs Rs 5.7 cr, Revenue at Rs 359 cr vs Rs 64 cr (YoY) (Positive)

Gil landers: Net profit at Rs 21 cr vs Rs 3.6 cr, Revenue at Rs 127 cr vs Rs 106 cr (YoY) (Positive)

Modison Ltd: Net profit at Rs 8.18 cr vs Rs 5.60 cr, Revenue at Rs 122.48 cr vs Rs 97.15 cr (YoY) (Positive)

Thermax: Net profit at Rs 198 cr vs Rs 159 cr, Revenue at Rs 2612 cr vs Rs 2302 cr (YoY) (Positive)

Zaggle Prepaid: Net profit at Rs 20.2 cr vs Rs 7.50 cr, Revenue at Rs 302.5 cr vs Rs 184.5 cr (YoY) (Positive)

Shilpa Medicare: Net profit at Rs 17.93 cr vs Rs 1.61 cr, Revenue at Rs 343.79 cr vs Rs 312.97 cr (YoY) (Positive)

Panacea Biotec: Net profit at Rs 4.8 cr vs net Loss of Rs 8.3 cr, Revenue at Rs 147 cr vs Rs 143 cr (YoY) (Positive)

Fiem Ind: Net profit at Rs 50.16 cr vs Rs 43.47 cr, Revenue at Rs 612.39 cr vs Rs 509.38 cr (YoY) (Positive)

Nalco: Net profit at Rs 1046 cr vs Rs 588 cr, Revenue at Rs 4001 cr vs Rs 2856 cr (YoY) (Positive)

Foseco: Net profit at Rs 19.1 cr vs Rs 14.7 cr, Revenue at Rs 141 cr vs Rs 123 cr (YoY) (Positive)

Shreyas Shipping: Net profit at Rs 21.28 cr vs Net Loss Rs 35.22 cr, Revenue at Rs 124.72 cr vs Rs 50.33 cr (YoY) (Positive)

GRSE: Net profit at Rs 98 cr vs Rs 81 cr, Revenue at Rs 1153 cr vs Rs 898 cr (YoY) (Positive)

PI Ind: Net profit at Rs 508 cr vs Rs 449 cr, Revenue at Rs 2221 cr vs Rs 2069 cr (QoQ) (Positive)

Banco: Net profit at Rs 139 cr vs Rs 66.1 cr, Revenue at Rs 910 cr vs Rs 728 cr (YoY) (Positive)

Optiemus Infra: Net profit at Rs 13.7 cr vs Rs 5.4 cr, Revenue at Rs 480 cr vs Rs 274 cr (YoY) (Positive)

IZMO Ind: Net profit at Rs 34.4 cr vs Rs 5.5 cr, Revenue at Rs 58.5 cr vs Rs 44.8 cr (YoY) (Positive)

Thomas Cook: Net Profit at Rs 71.9 Cr Vs Rs 51.5 Cr, Revenue at Rs 200.3 Cr Vs Rs 183.0 Cr (YoY) (Positive)

FIEM: Net profit at Rs 33.1 cr vs Rs 21.8 cr, Revenue at Rs 4300 cr vs Rs 4306 cr (YoY) (Positive)

NBCC: Net profit at Rs 125.1 cr vs Rs 81.9 cr, Revenue at Rs 2526 cr vs Rs 2134 cr (YoY) (Positive)

Solar Ind: Net profit at Rs 303.8 cr vs Rs 209.9 cr, Revenue at Rs 1718 cr vs Rs 1347 cr (YoY) (Positive)

Rama Phosphate: Net profit at Rs 5.4 cr vs Rs 0.7 cr, Revenue at Rs 209 cr vs Rs 171 cr (YoY) (Positive)

Dynemic Products: Net profit at Rs 3.9 cr vs loss Rs 3.6 cr, Revenue at Rs 95.6 cr vs Rs 64.7 cr (YoY) (Positive)

Jindal World: Net profit at Rs 17.3 cr vs Rs 12.8 cr, Revenue at Rs 570 cr vs Rs 392 cr (YoY) (Positive)

Goodricke: Net profit at Rs 60 cr vs Rs 33 cr, Revenue at Rs 316 cr vs Rs 241 cr (YoY) (Positive)

Elixir Capital: Net profit at Rs 11.3 cr vs Rs 4.1 cr, Revenue at Rs 18.3 cr vs Rs 5.8 cr (YoY) (Positive)

McLeod: Net profit at Rs 84.5 cr vs Rs 61.1 cr, Revenue at Rs 452 cr vs Rs 365 cr (YoY) (Positive)
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

Mkt. Updates :

GIFT Nifty -60 pts (23637) from last trade 23697 ,

Nikkei +207 pts ,
Hangseng -197 pts ,


Dow +47.21 pts ,Nsdq -50.68 pts, S&P
+1.39 pts , Bovespa +1 pts , Ftse +4 pts , Dax -30 pts , Cac -10 pts , Crude @ $68.11 brl (-0.32), Brent @ $72.03 brl (+0.14) , Gold @ 2584.80 (-1.70), Silver $30.435 (-0.00), Euro @ $1.0562, JPY @ $155.44, INR @ 84.415


US GOVT. 10-YR YIELD : 4.47%


Today's Corporate Action, 14 Nov Ex Date :

APTUS
Interim Dividend - Rs. - 2.0000
ARE&M
Interim Dividend - Rs. - 5.3000
ASTRAL
Interim Dividend - Rs. - 1.5000
CARNATIN
Resolution Plan -Suspension 
CONCOR
Interim Dividend - Rs. - 3.2500
CONTILI
Stock  Split From Rs.10/- to Rs.2/-
GCSL
Interim Dividend - Rs. - 0.3000
IMFA
Interim Dividend - Rs. - 10.0000
IRCTC
Interim Dividend - Rs. - 4.0000
JOSTS
Stock  Split From Rs.2/- to Rs.1/-
JTLIND
Stock  Split From Rs.2/- to Rs.1/-
KPEL
Interim Dividend - Rs. - 0.2000
KPGEL
Interim Dividend - Rs. - 0.2000
KPIGREEN
Interim Dividend - Rs. - 0.2000
OIL
Interim Dividend - Rs. - 3.0000
PAGEIND
Interim Dividend - Rs. - 250.0000
POWERGRID
Interim Dividend - Rs. - 4.5000
PRADHIN
Right Issue of Equity Shares 
QGO
Interim Dividend - Rs. - 0.1500
RITES
Interim Dividend - Rs. - 1.7500
VEDANTASSET
E.G.M.     
VIVIDHA
E.G.M.     
WORTH
Bonus issue 3:2  


Today's Key Results/Board Meetings, 14-Nov-24 :

Hero MotoCorp, Grasim Industries, Brainbees Solutions Firstcry, Honasa Consumer Mamaearth, Glenmark Pharmaceuticals, Ipca Laboratories, Bajaj Healthcare, Bharat Dynamics, Hindustan Aeronautics, Bharat Forge, Muthoot Finance, Ahluwalia Contracts, Anupam Rasayan India, Balaji Amines, Crompton Greaves Consumer Electricals, Delhivery, Easy Trip Planners, GVK Power & Infrastructure, ITI, Jyoti CNC Automation, Lemon Tree Hotels, Medi Assist Healthcare Services, Nazara Technologies, and Sobha will announce their September quarter earnings on November 14.


SEC. IN F&O BAN FOR 14.11.2024 :

1. AARTIIND 2. ABFRL 3. GNFC 4. GRANULES 5. HINDCOPPER

ADDITION : GNFC
DELETION : MANAPPURAM


Today's Alert :

RBI to Conduct Auction of GOI BONDS for INR 370 BILLION
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 13-11-2024 :

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +36966*

*INDEX FUT. : -1886*

*INDEX OPT. : +37331*

*STOCK FUT. : +2455*

*STOCK OPT. : -934*

*SEC. IN F&O BAN FOR 14.11.2024 :*

*1. AARTIIND 2. ABFRL 3. GNFC 4. GRANULES 5. HINDCOPPER*

*ADDITION : GNFC*
*DELETION : MANAPPURAM*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-11-2024 :*

*FIIS : SELL -2,502 (15,178-17,680)*

*DIIS : BUY +6,145 (14,095-7,950)*

*BSE SENSEX : -984 (77,691)*

*NSE NIFTY : -324 (23,559)*

*BSE MIDCAP. : -1160 (44,108)*

*BSE SMLCAP. : -1651 (51,953)*

*B. CRUDE : $ 70.98 *

*GOLD:$ 2,600=INR 76,510 (10gr)*

*SILVER : RS. 89,000 (kg)*

*FOREX : RS. $ 84.38 *

*6.79% NEW '34: 6.8031%(99.8975)*

*7.10% GOI '34: 6.8374% (101.79)*

*7.23% GOI '39: 6.8823% (103.14)*
By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin