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IT Hardware & Peripherals Co Balaji Solutions gets SEBI nod for IPO Kolkata-based Balaji Solutions Limited (BSL), is one of the leading IT hardware & peripherals and mobile accessories companies engaged in the business of manufacturing, branding, and distribution of IT hardware products under its flagship brand, “Foxin” (“Foxin Products”) has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The company ...
IT Hardware & Peripherals Co Balaji Solutions gets SEBI nod for IPO
IT Hardware & Peripherals Co Balaji Solutions gets SEBI nod for IPO
Source: PR Agency
31/01/2023 2:50:42 PM
PKH Ventures gets SEBI’s go-ahead to raise funds via IPO PKH Ventures has received the Securities and Exchange Board of India’s (SEBI) approval to float an initial public offering (IPO). IPO consists of fresh issuance of over 1.82 crore and an OFS of 98.31 lakh equity shares by its promoter. The equity shares are proposed to be listed on BSE and NSE. Proceeds of the issue will be used to invest in subsidiaries -- Halaipani Hydro Project and Garuda Construction -- funding long-term working capital requirements, for funding strateg...
PKH Ventures gets SEBI’s go-ahead to raise funds via IPO
PKH Ventures gets SEBI’s go-ahead to raise funds via IPO
Source: Accord Fintech
2/08/2022 3:47:08 PM
Buy VIP Industries Ltd For Target Rs.649 - IDBI Capital Strong recovery ahead, Maintain BUY Summary VIP Industries Q1FY23 results were stronger than our forecasts. Its net sales increased by ~2x to Rs5.9 bn on account of strong wedding season and reopening of schools and colleges. Despite gross margin falling by 101 bps YoY to 49.9%, its EBITDA margin expanded 1112 bps to 17.4%. EBITDA jumped ~7x YoY on a lower base to Rs1,029 mn. It reported adjusted net profit of Rs541 mn in Q1FY23 compared to Rs25 mn in Q1FY22. We raise our FY23/FY24 sale...
Buy VIP Industries Ltd For Target Rs.649 - IDBI Capital
Buy VIP Industries Ltd For Target Rs.649 - IDBI Capital
Source: IDBI Capital Ltd
29/07/2022 12:21:42 PM
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital Higher raw material prices weighed on margins Summary Finolex Industries’ (FIL) Q1FY23 result was a mixed bag as net sales was beat to our estimate, while margins disappointed owing to inflationary raw material prices. Higher raw material prices dented on demand economics which in turn resulted in lower agri-pipes off-take. However, on a positive note non-agri pipes demand traction was encouraging. The management guided that softening of raw material prices will ease the pricing ...
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Source: IDBI Capital Ltd
26/07/2022 2:42:10 PM
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital Softness in demand weighed on sales volume Finolex Industries’ (FIL) Q3FY22 result was below our estimates on key parameters. Sharp increase in raw material prices in the earlier quarters and untimely rains during Q3FY22 led to deferment of purchases and dented sales volume for FIL. Net sales declined by 5.8% YoY to Rs10bn, while EBITDA came in at Rs2.4bn, de-growth of 30.2% over Q3FY21. The company reported net profit of Rs1.7bn, lower by 31.6% YoY. Though demand remained laggard in...
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital
Source: IDBI Capital Ltd
29/01/2022 11:58:51 AM