Abhishek Securities

Hero Fincorp , a NBFC , Subsidiary of Hero Motocorp gets an extension on its Baa3 rating by Moodys. The company might be facing liquidity challenges because of decline in loan collections. It did the rating review on April 13, 2020. The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults. Some customers and businesses will struggle with payments as earnings decline due to the economic disruption of the coronavirus outbreak, said the rating agency. Hero FinCorp, a Delhi-based finance company, reported total assets of Rs 25,600 crore at the end of March 2020. Moody's said it will review the rating once it has information on the impact of the economic disruption pandemic on HFL’s loan collections and asset quality. It will also review the company's access to funding and its ability to preserve liquidity over the next 12-18 months. Given the review for downgrade, an upgrade is unlikely in the near term. Sandip ...

The meeting of the stakeholder's Relationship Committee, Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the Company will be on Monday, 29th June 2020, to consider, approve and take on record the Audited (Reviewed) Financial Result of the company for the Quarter and Year ended on 31st March 2020, as well as to dispose of other items as listed on the Agenda fixed for the respective Meetings. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

The much-awaited initial public offering (IPO) of UTI Asset Management Company (AMC) is facing a delay in obtaining approval from markets regulator Securities and Exchange Board of India (SEBI), even after six months of filing its offer document. People in the known said Sebi has reservations over certain compliance issues. These include appointment of the permanent chief executive officer (CEO) and alleged violation of overseas investment norms by the fund house involving its Mauritius entity. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

According to a report "Gaming-India Story" released by boutique investment bank Maple Capital, Advisors, the investment in the industry expanding at a compound annual growth rate of 22 per cent and is currently valued at $930, million. The bank expects the industry to grow at 41 per cent annually due to the growth of digital infrastructure and substantial rise in quality and engaging gaming content. The current lock down in the country has also given a renewed push to gaming, with consumption growing at least 20-30 per cent despite significant impact on live sports,a big driver of fantasy sports gaming. Man gaming platforms are Games2win, Moonfrog Labs, Junglee Games, 99 games, and Nazara Technologies. The key trends in the Indian gaming space are multi player formats increasing,investors showing more interest in Indian Gaming startups, more and more people considering gaming as a career and increase in consumption and creation of local Indian gaming content. Sandip Ginodia ,...

Fino Payments Bank Limited (FPBL) announced that it turned profitable at the operating level for the financial year 2019-20. This feat is achieved within three years of the bank starting operations in July 2017.This makes FPB the only standalone profitable payments bank that works solely on RBI's financial inclusion objective by improving banking access predominantly in rural India. For FPB domestic remittance (urban to rural) transaction accounted for over 40% of the FY 19-20 through put,making the bank a top five player in the IMPS business. Further ,FPB transformed the rural banking landscape by facilitating micro ATM and AePS led digital transaction (withdrawals), which contributed to over 30% to the business. As more people experienced the convenience of banking from Fino platforms, the Bank's CASA customers base increased by over 65% in FY 19-20. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For l...

JioMart, Reliance Industries Limited's lastest services of delivering groceries from neighbourhood  kirana stores has been temporarily suspended according to news reports. Over a month ago, JioMart went live on WhatsApp for delivery in the Mumbai suburbs  of Thane, Navi Mumbai and Kalyan, however,the pilot run of the ambitius project was paused due to shortage of delivery staff. Owners of several provisional stores, which were roped in by JioMart for the projects,said the services have been suspended as they were unable to deliver orders. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Brijesh Patel, the chairman of the  Indian Premier League  ( IPL ) governing council, says he is waiting for the  International Cricket Council 's (ICC) formal announcement on the T20 World Cup, one that's been pending for a while now, before preparations can get underway to host this year's edition. Speaking to TOI on Thursday, Patel said: "We are ready to go ahead with the IPL. But we can start planning the schedule formally only after the official announcement is made on the T20 World Cup, which I'm expecting will arrive anytime soon. On our part, we've already earmarked the September-October window for the tournament to be played. ” The ICC was expected to take a final decision on the T20 World Cup on May 28 which then got deferred to June 10 and is now expected to resume on June 14, Monday. "The meeting was rescheduled for Monday because it got very late on Wednesday and couldn't conclude," those in the know of developments said. Sandip Gi...

Listed companies in Indian stock exchanges accounted for less than a third of the total corporate tax paid to the government in FY18, as reported by Business Standard (BS). This year too represents a continuation of the downward trend in the metric over the last few years. Listed companies are those whose shares are traded on an official stock exchange like BSE (Bombay Stock Exchange). These companies are expected to adhere to specific listing requirements like the number of shares that will be listed be on exchanges and also minimum income levels. According to the I-T (Income Tax) Department, the total tax receipts increased by 17.8 per cent on a Y-O-Y (Year-On-Year) basis, rising to Rs 5.71 trillion in FY18. However, listed companies contributed only Rs 1.88 trillion of the total amount and data shows that the tax paid by India’s top 868 companies declined by 0.6 per cent over the last year. While MSMEs (Medium Small and Micro Enterprises) in India, with revenues of less than ...

The Centre is planning to bring down its stake in MSTC, the company’s Director (Finance) AK Basu said here on Thursday. The Centre’s stake in the Miniratna PSU currently stands at over 89 per cent. The remaining 10-odd per cent is held by various industry associations. According to Basu, the plan is to opt for an “offer-for-sale” and not an IPO to bring down the stake to 65 per cent. “The government’s stake post-dilution will stand at 65 per cent,” he told reporters on the sidelines of the foundation stone-laying ceremony of its corporate building in the satellite township of New Town on the north eastern fringes of the city. He further maintained that the company was also exploring options to divest stake in its subsidiary Ferro Scrap Nigam. Having reported a turnover of ₹51,000 crore last fiscal, it is eyeing 10-20 per cent growth this fiscal. “We should cross ₹60,000 crore at least,” Basu said. JV with Mahindra Meanwhile, BB Singh, CMD, MSTC, pointed out that the comp...

Mahindra Intertrade Ltd., a part of the Mahindra Partners Division of the $17.8-billion Mahindra Group, and MSTC Ltd., a Government of India enterprise, have come together to jointly set up a first-of-its-kind greenfield auto shredding and recycling capability in the country. Mahindra Intertrade owns and operates a network of steel service centres across the automotive, power and home appliances verticals. Mahindra Partners is the $900 million private equity division of the Mahindra Group. The proposed collaborative venture will establish an integrated automotive recycling capability for end-of-life vehicles. And, it will undertake a host of activities — collection, compaction, transportation, de-pollution, dismantling, shredding, recycling, and disposal. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD | ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlist...

RBL Bank (formerly Ratnakar Bank) is opening its upcoming IPO on 19 August in what will be the 16 th  public offer this year in India. Shares of the private sector bank are proposed to be listed on NSE and BSE on 31 August. RBL Bank IPO has been priced in the range of  INR224-225 per share  and investors can make applications in multiples of 65 shares. Here are 10 important aspects of this IPO: History  – RBL Bank was set up in 1943 as Ratnakar Bank – a regional banking firm with focus on Maharashtra. The bank persisted with its regional focus strategy till 2009. Renamed in December 2013 to RBL Bank. Transformation  – In 2010, the bank embarked on a major transformation with new owners and management at helm. RBL Bank acquired the business banking, credit card and mortgage portfolio businesses of Royal Bank of Scotland (RBS) in India during in FY2014. The bank is extending its reach in rural and semi-urban India and unbanked parts of urban and metro India....

RBL Bank, the Kolhapur-based private sector lender, will be entering the primary market with its initial public offering (IPO) on Aug.19, 2016. The bank plans to raise about Rs. 1,200 crore during the five-day offer period, as is evident from details now available. The bank had filed the draft prospectus with the regulator on June 23, 2015. Kolhapur-based RBL Bank had raised Rs. 488 crore in pre-IPO preferential placement of shares last December at Rs. 195 per share. The bank was incorporated in 1943 as Ratnakar Bank. The exercise was in accordance with its IPO document filed with the Securities and Exchange Board of India (Sebi) in June 2015 and the shares were placed with international investors, including the Asian Development Bank (ADB) and CDC Group Plc.  Here are the details of RBL Bank IPO: Price band: Rs. 224-225 per share Issue opens on Aug. 19 and closes on Aug. 23 Bid lot: 65 equity shares or multiples thereof Overall issue size: 5,3...