The Initial  Public  Offer of   VASA Retail and Overseas Ltd , engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, received an overwhelming response from the investors. The public issue which opened for subscription on Jan 24, 2018, was oversubscribed by 206 times. The HNI and Retail portion subscribed 175.93 and 261.24 times respectively on the last day, as per data available on NSE Emerge platform. Vasa Retail and Overseas Ltd public issue of up to 16, 00,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 30 per Equity Share, aggregating up to 480 lakhs, will list on NSE Emerge.   The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses.  The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. About VASA Retail and Overseas Ltd Incorporated on

VASA Retail and Overseas Ltd , engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, proposes to open its public issue of up to 16, 00,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 30 per Equity Share, aggregating up to 480 lakhs , on 24 January 2018 on NSE Emerge. The issue will close on 29 January 2018. The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses.  The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of the Company stood at Rs. 2355 lakhs Rs. 2163 lakhs and Rs. 1868 lakhs respectively. Further, Company’s PAT for the fiscal year ended on March 31, 2017, 2016 and 2015 as per Restated Financial Statements were Rs. 91 Lakhs, Rs. -0.14 l

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has received a revision in rating from BBB Minus ( Triple B Minus) to BBB Plus (Triple B Plus) from CARE Ratings. The revised rating indicates stable and positive business outlook of the company. Care Ratings in its report said “The revision in ratings for Ice Make Refrigeration Limited factors in the healthy growth in its total operating income (TOI) during FY17, improvement in its operating profitability and debt coverage indicators. The revision also factors in the sizeable fund raised by Ice Make through its IPO (concluded in November 2017), the proceeds of which are expected to be utilized by Ice Make for its capex and working capital requirements, without resorting to major additional debt in the medium term. The ratings continue to derive strength from long standing experience of promoters into refrigeration equipment manufacturing industry coupled

The script surges 20 % post the listing Mumbai, December 14, 2017 : Jaipur based Dynamic Cables Limited, India’s leading manufacturer of Cables and Conductors, became 212th SME Company to get listed on BSE SME Platform. The script made a strong debut and surged 20 percent, post the listing. Stock opened at Rs 48 against the IPO price of Rs 40 a share. The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. Commenting of the mementos occasion Mr. Ashish Mangal, Managing Director, Dynamic Cables Ltd said ” “Getting a company listed is a significant milestone for an entrepreneur and entrepreneurial journey. We at Dynamic Cables are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began a humble journey 30 years ago by taking up manufacturing of conductors in 1986. Today we are happy to see Dynamic Cables has grown to become one of the

Net Profit at Rs 6.48 crore Total Revenue at Rs 58.25 crore Share India Securities Ltd, a leading knowledge and technology driven stock broker based in Delhi, has reported strong financial performance in the six months period ended 30 September 2017 . The Company’s net profit for the first half of FY18 stood at Rs. 6.48 crore and total revenue stood at Rs 58.25 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. During the current financial year in the first half Share India significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.  In the last fiscal the company had posted 16.23% EBITDA and 11.25%   Net Profit margins. Financial Highlights H1FY18   - 6 months ending 30 Sept 2017   (in Lakh) FY2017 – 12 months ending 31 March 2017 (In Lakh) Total Revenue 58,25,52,499.99 110,14,10,068.1 PAT

Total Revenue up 151% to Rs 122.88 cr BOD declares 10% interim dividend to the existing shareholders of the company RKEC Projects CMD Mr Radhakrishna Garapati RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, has announced its financial results for the first half of FY2018. The Company’s net profit for the first half of FY18 rose 400% to Rs. 10.77 crore compared to Rs 2.68 crore posted in H1 of FY 17. The Company’s total revenue grew by 151% to Rs. 122.88 crore for the first half year ended September 30, 2017 compared to Rs. 81.54 crore posted in H1 of FY 17. The EBITDA for the 1 st Half  of FY18 stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the H1 of FY 2017 showing a sequential growth of 423%.  The EBITDA margin for First Half of FY 2018 stood at 16.12 % and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%. Net profit Margin of First Half of FY 2017. Commenting of the financial performance M

The script is one of the only four SME stocks, out of 209, to be included in this group . Mumbai, November 7, 2017.  The script of Share India Securities Ltd, a leading knowledge and technology driven stock broker, has been included in the BSE Group -1 securities by Bombay Stock Exchange as per SEBI guidelines.  The script will now be able to avail margin funding facility at eligible broker terminals. Share India Securities Script (BSE code 540725), which was listed on BSE SME platform on 5 th of October 2017, has touched an all-time high of Rs 64.80 as against the IPO price of Rs 41. “Margin is essentially an additional fund that you take to get more leverage in your investments. Share trading on margin allows you to purchase a greater number of securities than you would have been able to purchase with cash only, thereby giving you more exposure to the market and offering the possibility of greater returns .   We are happy that Share India Securities Ltd.'s scrip

Share India Securities Ltd, a leading knowledge and technology driven stock broker, recommends buying Trident Ltd shares for a target of Rs 150 in the next 1 year.  Share India says “Trident reported its Q2 FY18 results which were in line with our expectations given GST teething problems and implementation issues for the same. The revenue was flat y-o-y at INR 11,549mn (vs. 11,600mn in Q2) – without any excise duty effect. On a segment basis the revenue for both Textile and Paper business was flat. PAT was however, below our expectations with reported figure at INR 493.9mn (vs. our expectation of INR 756mn). The drop in PAT was mostly due to higher COGS which led to lower gross margin. The textile business which has significant geographic dispersion was majorly impacted with segment profit dropping approximately 40% y-o-y for Q2 FY18. Trident also saw considerable increase in trade receivable (up 20% 6M FY18) and drop in inventories (down 30% 6M FY18). We attribute incre

Share India Securities Ltd, a leading knowledge and technology driven stock broker, recommends buying Rama Steel and Tubes Ltd, for a target of Rs 240 in the next 3-6 months. Rama Steel in its JV – Pir Panchal Construction Pvt Ltd. (PPCPL) – wherein it holds 25% stake – has won orders worth INR 2,880mn for supply and erection of transmission lines for rural electrification. The order has been awarded by Uttarakhand Power Corporation Ltd. and Himachal Pradesh Electricity Board. Orders are stated to be executed in next 24 months. Share India expect better results from the company in future and FY18E/19E EPS of INR 9.5 and INR 12 respectively. Share India recommends a BUY on the stock with a price target of INR 240 (20x FY19E EPS). The stock is a candidate for re-rating as higher demand leads to better revenue and per unit realization. About Share India Securities Ltd Share India Securities Ltd, engaged in the business of equity broking, investing and trading activities for the

The shares of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, listed at a price of Rs 33.60 per equity share, a premium of 20%. The Company IPO, which opened for bidding on NSE Emerge Platform on October 9, 2017, subscribed over 40 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose. DP Abhushan SME public issue comprises of 59, 32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs . The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakhs, Rs. 48822.43 Lakhs