Skip to main content

Posts

Kritika Wires Ltd IPO subscribes 96% on day 1

Issue to close on Monday Oct 1 Kritika Wires Ltd ,  engaged in manufacturing of all types of Galvanized Steel Wires and Wire products ,  launched its initial public offer (IPO) of 48 , 12,000   Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 32 per Equity Share,  aggregating up to  Rs 1539.84 lakhs , on 26 September 2018 at the NSE Emerge platform. The Issue subscribed 96% on day 1.  The issue will close on Monday October 1, 2018.    The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Issue is Link Intime India Private Limited.   Mr. Naresh Kumar Agarwal, Chairman and Whole Time Director ,   Mr. Hanuman Prasad Agarwal, Managing Director   of Kritika Wires Ltd said   “The Company expects to raise Rs 15.4 crores from the IPO proceeds which will be utilized for meeting working capital requirements, general corporate and issue expenses.  Kritika Wires , which was incorporated in 2004, has been in the busin

"Ice Make is fully geared up for achieving steady growth in earnings" -Chandrakant P. Patel

Ice Make’s First Post Listing Annual General Meeting (AGM 2018) Highlights of Chairman Message At the First Post Listing Annual General Meeting of Ice Make Refrigeration Limited held at Eulogia Inn Hotel in Ahmedabad on August 25, 2018 , Chairman and Managing Director, Mr. Chandrakant P. Patel listed several landmark achievements such as Company garnering record IPO subscription, improvement in Company’s Credit Rating, Top Line crossing 100 Crores of Revenue Mark and shared roadmap for the future growth including launch of Solar Cold Room and Company’s foray into Ammonia based refrigeration that will help the Company grow faster. In his First address to the Company’s shareholders Mr. Patel spoke about Company’s performance, guiding philosophy, growth strategies, opportunities, industry changes and business challenges. He told to the full packed audience that “This is my 10th year as a Chairman of this fast emerging Company. It is a rare privilege and a great responsibilit

Share India Securities institutes’ Merchant Banking division

Expects to capture a market share of 7% to 8% in 18 months Share India Securities Ltd, a leading knowledge and technology driven financial services group, has commenced its merchant banking operations under Share India Capital Services which is 100% subsidiary of Share India Securities Ltd. The Company recently received a license of merchant banking from SEBI with a pure focus on the SME segment and providing the solution to the local companies who want to get listed on SME platforms of BSE and NSE. Mr Abhinav Gupta, Head, Merchant Banking, Share India Capital Services said, Share India expects more than 200 SME companies to get listed in this financial year of 2019 and expects over 30% growth in FY2020. The Company’s main focus is North and Western India and expects to reach a market share of 7% to 8% by the end of financial year FY20. 70% participation on SME platforms is from the western part of India while in North India the equity culture is just beginning to take str

Ice Make forays into Ammonia based Refrigeration Manufacturing

Ice Make Refrigeration (Ice Make), one of the leading manufacturer and supplier of cooling solutions and refrigeration equipment, has forayed into Ammonia Refrigeration Equipment manufacturing and turnkey projects management, project engineering and execution. The Company so far manufactures cooling products with HCFCs (Hydro ChloroFluoro Carbons) and HFCs (Hydro Fluoro Carbons) refrigerants. It now enters into in-house engineering capability, equipment manufacturing and projects execution business using natural refrigerant – Ammonia. Ice Make has extended its services into design, engineering, manufacturing, assembly, fabrication, installation, testing and commissioning with best in class after sales services for ammonia based skid mounted water chillers for Dairy and Pharma, Water, Glycol and Brine Chillers for Brewery, Beverage and Pharma Industries, Water, Glycol and Brine chilling plants for Dairies, Breweries, Pharma, Chemical, Fertilizer and allied Industries using Recip

Veteran Actor Raja Murad Rings Bell at the listing Ceremony of Rajnish Wellness Limited at BSE

Mumbai, Monday, July 9, 2018 : Mumbai based Rajnish Wellness Limited (RWL), engaged in the business of marketing and distribution of sexual wellness, energy revitalization and personal care products, became 255 th SME Company to get listed on BSE SME Platform. The script made a strong debut and surged 12 per cent, post the listing. Stock opened at Rs 100 and touched a day’s high of Rs 104.7 a share. Mr Raja Murad, Veteran Bollywood Actor , Mr Rajnish Kumar Singh, Promoter and MD, Rajnish Wellness Ltd, Mr Ashsishkumar Chauhan, MD & CEO, BSE, Mr Ajay Thakur , Head, BSE SME,  Mr Sarthak Bijlani, Director Navigant Corporate Advisors   attended the listing ceremony.   Mr. Rajnish Kumar Singh, Founder and Managing Director, Rajnish Wellness Ltd said  “We are probably the youngest company to get listed on BSE SME platform on a day when BSE, Asia's oldest Stock Exchange is celebrating 143rd birth anniversary. We as a group of young  individuals below the age of 30 are

Share India Securities FY18 Net Profit rises 92. 72% to Rs 15.35 Cr

Revenue grew 25.38% to Rs 133.30 Cr Share India Securities Ltd, a leading knowledge and technology driven stock broker, has reported a remarkable financial performance for FY18 and the six months period ended 31 March 2018 . The Company’s consolidated net profit for FY18 rose 92. 72% to Rs 15.35 crores compared to Rs 7.96 crores posted in FY17.   Company’s consolidated revenue grew 25.38% to Rs 133.30 crores compared to Rs 106.30 crore posted in FY17. The Company’s revenue for the second half of FY 2018 stood at Rs 78.60 Crores compared to Rs 54.56 crores reported in the 1 st half period ended 30   Sept 2017. Net profit for the period stood at Rs 9.02 Crores compared to Rs 6.48 crores reported in the 1 st half period ended 30   Sept 2017 During the year Company’s  EBIDTA rose by 71.75% YoY to Rs 23.35crores while EBIDTA Margin improved to 17.51% compared to 12.78% in FY’17 .  PAT Margin improved 11.51% compared to 7.35 % in FY’17 Financial Highlights