Big Story | IPO lessons for investors Keerthi Sanagasetti BL Research Bureau | Updated on February 20, 2021 × With initial public offerings galore, we give you a cheat sheet to score some good grades With the stock markets on fire, it’s been raining IPOs in the past few months. About 14 initial public offerings were made in the second half of 2020, collectively raising ₹16,272 crore. Just short of two months into 2021, as many as five IPOs have hit the market and many more are in the pipeline. In most issues, retail investors have joined the IPO bandwagon by the droves, going by the subscription numbers.
Ahead of Market: 12 things that will decide stock action on Wednesday SECTIONS Share Synopsis We might see some consolidation in the index and it would be healthy. We thus advise using intermediate corrective moves to accumulate quality stocks on dips and avoid contrarian trades, said Ajit Mishra, VP - Research, Religare Broking. Getty Images Analysts said the 15,060-15,050 range is crucial and any breach of this zone may extend profit booking going ahead. Related NSE Explore Now NEW DELHI: Nifty made a gap-up opening on Tuesday, but saw a volatile trade in the intraday session snapping its winning streak. The index closed slightly lower than its opening numbers and formed an indecisive candle similar to that of a Spinning top on the daily charts.
What happened in Q3? We have seen some of the food companies struggling to grow. Your revenue is down 6% YoY. Any particular reason? There has been growth on a sequential basis in Q3 compared to Q2. This is why demand is picking up but there is a real big problem of the schools not opening and kids not buying snacks. Our key market is based on impulse purchase by kids. So schools and institutions sales have not picked up and that is the main reason the sales have not been as good as last year’s Q3. But sequentially, we have done better than Q2 and with the economy regaining momentum and trains and schools and institutions set to reopen in phased manner, we expect a further uptick in demand.
At meeting held on 04 February 2021The Board of Prataap Snacks at its meeting held on 04 February 2021 has approved the acquisition of further 10.48% of paid-up equity share capital of Avadh Snacks (Avadh), the subsidiary, for an aggregate value of Rs. 33 crore. At present, the Company hold 80% of paid-up equity share capital of Avadh. Post aforesaid acquisition, the holding of the Company in Avadh will increase to 90.48% of paid-up equity share capital. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
Prataap Snacks fell 3.47% to Rs 720 after the company s consolidated net profit declined by 17.6% to Rs 4.55 crore on a 6.8% fall in net sales to Rs 334.33 crore in Q3 FY21 over Q3 FY20. In the third quarter, operating EBITDA was at Rs 17.56 crore, translating to a margin of 5.2%. Profit before tax in Q3 December 2020 stood at Rs 5.37 crore, down by 24.6% from Rs 7.12 crore in Q3 December 2019. Current tax expense during the quarter increased by 43.3% year-on-year (YoY) to Rs 1.39 crore. Commenting on the Q3 FY21 performance, Amit Kumat - MD, Prataap Snacks, said; I am pleased to share that we have delivered an encouraging performance during Q3 with growth on sequential basis despite seasonality in the quarter. This is a clear indicator of demand picking up in our key markets. We continue to explore alternate channels to expand our market reach even as the distribution network steadily rebuilds momentum.
With Indigo Paints IPO, Sequoia Capital clocks another big gain from a non-tech bet SECTIONS Share Synopsis Sequoia Capital will garner up to Rs 650 crore by selling 7-8% stake in the Indigo Paints in IPO process. It will continue to hold about 28% of the company. Agencies Mumbai:Sequoia Capital, among the world’s most successful technology investors, is scripting a big win from a non-technology company in India a trend the fund has consistently seen locally, unlike the US and China markets. The Silicon Valley-based venture capital firm, an early investor in Apple, Google, WhatsApp and Airbnb among other technology firms, is likely to garner up to Rs 650 crore by selling 7-8% stake in the Indigo Paints IPO, which opened on Wednesday.
Ahead of Market: 12 things that will decide stock action on Monday SECTIONS Share Synopsis A few analysts said Friday s fall could just be a single-day affair, but for that to be true Nifty needs to close above the 14,500 level on Monday. Shutterstock.com India VIX needs to cool down below 20 level to again get the bullish stance. NEW DELHI: Headline equity index Nifty saw a bout of profit booking and formed a bearish candle on the daily chart on Friday. On the weekly scale, the index closed a little lower than the week s opening to form a Gravestone Doji candle, signalling indecisiveness on Dalal Street.
Friday, 15 January, 2021, 13 : 00 PM [IST] Karan Chechi The Indian snack processing industry has been witnessing robust growth in the recent times, significantly driven by the shifting consumers preferences towards ready to eat food items, changing demographic structure of the country, rapid urbanisation within the country, and distinct lifestyle change among the consumers. Humanâs food requirement is no more limited to traditional meals comprising of breakfast, lunch, and dinner, and it goes beyond basic survival necessity. Snacks have become an inevitable part of the daily food intake of the consumers to counter sudden food craving or to hold them up until the next meal. Furthermore, the rapidly changing consumer consumption pattern is further contributing to the growth of the market in India. India comprises of a large consumer base which includes millennials and Gen-Z and this demographic structure is further increasing with each passing day. For these consumer base the fixed three meal a day model is no longer relevant. Furthermore, the massive lifestyle change among the consumers (pertaining to hectic and busy lifestyle) is also enabling these consumers to take up snacking options catering to their convenience. All these factors significantly contribute to the increasing demand in the Indian snack processing industry.
Mrs Bector’s Food IPO investors saw their money double on listing day Rounak JainDec 24, 2020, 10:23 IST Mrs Bectors Mrs Bector’s Food shares debuted on the bourses today at a premium of over 73%. An investment of ₹14,400 in the company is now worth almost ₹30,000 – more than doubling investor wealth on listing day. Mrs Bector’s is a premium biscuit-maker and counts McDonald’s, Indian Railways as well as government canteens amongst its clients. Mrs Bector’s Food Specialties had a record-breaking initial public offering (IPO), receiving subscriptions worth ₹40,000 crore for an offer of ₹540 crore. That has translated into a bumper listing as 2020 draws to an end.
Share Market Highlights: Sensex closes at record high, Nifty at 13,749; ONGC, RIL, Sun Pharma top gainers December 24,2020 16:04 IST Sensex, Nifty Highlights on December 24: Market indices rose sharply and closed 1.1% higher each on Thursday, tracking gains in index majors, amid positive cues from global equities
ACC, Ambuja jump up to 10% Shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange after the companies received board nod for renewal of technology fees agreement with their parent company, Holcim Ltd. The stock was trading near its 52-week high of Rs 271.95 touched on November 17, 2020. The companies pay TKH fees @ 1 per cent of net sales each year, to HTL, for a period of 2 years w.e.f. January 01, 2021 on the same terms as the present TKH agreement, ACC and Ambuja said in a separate regulatory filing.