The  initial public offer  (IPO) of Karda Constructions Limited,  a Nasik based Karda Group Company, engaged in construction of residential complexes and infrastructure projects,  received good investor response despite negative sentiments in the equity markets. The IPO which was opened subscription from  16 March to 21 March 2018   to raise up to  Rs. 77.40 crores, was oversubscribed by 2.54 times as per NSE Data on the last day.   The issue received bids for 10908560 shares against the total issue size of 43,00,000 shares,  The QIB portion was subscribed 1.55 times while NII (non-institutional investors) category got 3.44 times subscription. RII (retail institutional investors) was subscribed 2.01 times. The issue comprises fresh issue of 23 lakh equity shares and offer for sale (OFS) of 20 lakh equity shares by the promoters. The price band for the issue has been fixed at Rs 175 to Rs 180 per share.   The shares of the company will list on BSE and NSE. The sole lead mana

Price band fixed between Rs. 175 to 180 per equity share Karda Constructions Limited, a Nasik based Karda Group Company, engaged in construction of residential complexes and infrastructure projects, proposes to open its initial public offer (IPO) of 43,00,000 equity shares at a price band of Rs. 175/- to 180/-   on Friday   16 March 2018.   The issue comprises Offer for Sale of up to 20, 00,000 Equity Shares and fresh issue of up to 23, 00,000 Equity Shares, aggregating up to Rs. 77.40 crores. (at the upper price band).   The shares of the company will list on BSE and NSE. The sole lead manager to this issue is Aryaman Financial Services Limited and Registrars to the issue is Bigshare Services Private Limited. Mr. Naresh Karda, Chairman and Managing Director of Karda Constructions Limited, said “The proceeds from the fresh issue will be utilised towards reduction of debt, working capital requirements and issue expenses. Our company has availed certain credit facilitie

Ice Make Refrigeration Limited (Ice Make),  one of the leading manufacturer & supplier of cooling solutions equipment, has launched an economically viable solar powered cold storage unit for interior areas where proper storage temperature and  adequate  infrastructure is not available due to non -availability of regular power. The Company is expecting good response for the eco- friendly and energy efficient solar cold room. Mr Chandrakant P. Patel, CMD,  Ice Make Refrigeration Limited  said “In line with the vision of Prime Minister Narendra Modi to transform agriculture sector and double the farmer’s income, Ice Make has successfully developed its first portable solar based Cold Storage Room with in- house technology, design and capability.  Customised for the rural and semi urban requirements, the product is economically viable and beneficial for the farmers and other users in the supply chain.  The cold room unit with a storage space of about 4-5 metric ton and costing

Script lists at 20% premium IPO subscribed 132 times The Equity Shares of Hindcon Chemicals Ltd , engaged in manufacturing wide range of chemical products , listed today at the NSE Emerge Platform. The script made a strong debut and surged 20 percent, post the listing. Stock opened at Rs 33.60 against the IPO price of Rs 28 a share. The public issue which was open for subscription from 26 February to 28 February 2018 raised 7.73 Cr through offering 27, 60,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share.   The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses.   Mr. Sanjay Goenka, Managing Director and Promoter, Hindcon Chemicals Ltd said, “Having a company listed is significant milestone and we as a group are elated to have received such an overwhelming response to our maiden IPO. We thank all our investors and merchant banker for the support in mak

The initial public offer (IPO) of Hindcon Chemicals Ltd , engaged in manufacturing wide range of chemical products , received overwhelming response on the last day procuring subscription amount of over Rs 1022 crore as the issue overall subscribed 132.29 times. The HNI and Retail portion subscribed 154.85 and 124.18 times respectively. The public issue which was open for subscription from 26 February to 28 February 2018 at the NSE Emerge platform raised 7.73 Cr through offering 27, 60,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share. The net proceeds from the IPO will be utilized for meeting working capital requirements, general corporate and issue expenses. Hindcon Chemicals, incorporated in 1998, has been in the business of construction chemicals for the last 20 years. The Company has over 100 products in its portfolio with main foray into sodium silicate, waterproofing additives, plasticizers etc. The Company has its manufactu

Hindcon Chemicals Ltd , engaged in manufacturing wide range of chemical products , proposes to open its initial public offer (IPO) of up to 27,60,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to 7.73 Cr , on 26 February   2018 at the NSE Emerge platform. The issue will close on 28 February 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 Link Intime India Private Limited. Hindcon Chemicals, incorporated in 1998, has been in the business of construction chemicals for the last 20 years. The Company has over 100 products in its portfolio with main foray into sodium silicate, waterproofing additives, plasticizers etc. The Company has its manufacturing facility located in Howrah which has an installed capacity of 30,00

Navi Mumbai, February 2 1 , 2018:  For the first time, people of Navi Mumbai are set for a unique movie night experience at their favorite Seawoods Grand Central Mall. SGC, known for its ‘Out of the Box’ ways of consumer engagement, is all set to soar entertainment experience to new heights with ‘Movie Night’. Popular Hollywood movie ‘TOP GUN’, featuring the all time legend Tom Cruise, will be viewed on a 30ft giant LED screen on 24 th  February at 10 PM. Guests will be treated to one of the most convenient ways of movie watching – relaxing on a bean bag. The entire set up will be developed at the mall atrium. To make Movie Nights a holistic experience, there are several prizes and contests which will be hosted during the screening of the movie. ‘TOP GUN’ shall be the theme for both these contests, where people in thematic dresses will stand a chance to win exciting vouchers. SGC will also play a quiz to test the knowledge of the patrons about this old classic.

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 5.62 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

The Equity Shares of VASA Retail and Overseas Ltd , engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, surged 20 percent to Rs 36, post the listing on NSE Emerge platform. Gaurav Jain, Director, Hem Securities, Rahil Vasa, Vinod Ambani, President, Reliance Industries Ltd and Hardik Vasa, CMD, Vasa Retail ​​, Ringing the Gong Lead Managers to the issue Mr Gaurav Jain & Mr Prateek Jain, Directors, Hem Securities, said “We are delighted to have received such a staggering investor response to this IPO which came at an opportune time with right valuations. The Company’s maiden public issue generated record demand among this year’s SME public issues and was subscribed over 206 times.   It’s good to see the SME IPO investors continue to reap bumper returns in 2018 as well from the fundamentally good quality companies that are poised for accelerated growth” Kajal Vasa, Hardik Vasa,   Vinod Ambani(RIL) Rachna Bhusari  (N

The Finance Minister in his last full budget focused strongly on infrastructure, health, education, agriculture and rural sector.   Ice Make Refrigeration Limited (Ice Make) would rate this as a strongly positive budget for agriculture, food processing, dairy , and cold chain logistic and storage sector. The Budget is prudently focused on improving farm income through heavy investments into rural infrastructure and social welfare areas like education, health, affordable housing, sanitation and social security. All these measures are likely to significantly reduce farmer distress levels and increase disposable income in the hands of rural population, both from agriculture and non-agriculture activities. Rural population was one of the biggest winners of this budget, with a sharp increase in MSP, heavy investment in agricultural markets and health protection in addition to increased focus on education and other social welfare schemes. Some of the key measures announced by FM