Profitsheets

Stocks : Though LIC has been the dominant player in managing life, pension, annuity and group insurance products, it has miniscule exposure to Unit Linked Insurance Plans (ULIP). According to regulatory body IRDAI’s Annual Report of 2020-21, LIC’s overall investment value (Assets Under Management) is Rs 34 lakh crore, of which ULIPs accounted for less than 1 per cent or Rs 24,775 crore (as of March 2021). LIC’s ULIP pie among life insurers was also miniscule, at just 5 per cent of the overall AUM of Rs 5.2 lakh crore (as of March 2021). The latest monthly factsheet of LIC's shows that there are 63 ULIP's funds offered to policyholders. Their managed corpus as of December 31, 2021 was Rs. 23,034 crores. Also Read :  LIC IPO : Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment About Rs 14,400 crore was invested in equity assets. LIC has disclosed only the top 10 holdings for each ULIP portfolio. Here are the top stocks held by most LIC ULIP plans. Currently, the...

It looks like the technology and digital stocks, which were part of the IPO craze in the last few months, have suddenly fallen out of favour. It may be too early to say that the IPO book in India risks grinding to a halt, but that appears to be the broad message. The big reason is the sharp fall in most digital shares post listing. It is not just about Paytm because other digital listings like Policy bazaar, Car Trade, Zomato and even Nykaa have fallen substantially. This sudden shift in sentiments has upset the plans of a slew of start-ups and this includes the likes of Oyo Hotels, Delhivery, PharmEasy, Droom etc. Most of them are now apprehensive that the anti-digital feeling could hit their valuations and their post listing performance. This is forcing most digital IPOs in the queue to take a relook at their IPO plans. Both Delhivery and MobiKwik have put off their plans for the IPO for the time being. Also Read : IPO greenlight shines for Uma Exports, Jesons Industries, Capital Sma...

Stocks : The year 2021 was an eyewash for the global financial markets as they scaled new peaks aided by low interest rate regime, abundant liquidity, supportive government policies and large-scale addition of first-time investors which thronged the markets in hordes to ride the bull run due to which more money got pumped into the markets. History was created on the Indian bourses on October 19, 2021 when both the benchmark indices touched their all-time highs but since then the markets are witnessing a turn of fortunes and have been declining steadily. The talks of interest rate hikes, ever worsening inflation, rising crude prices were the major reasons that aided volatility in the markets and made them slip down. The ongoing Ukraine crisis acted as a catalyst to cause bloodshed in the global markets in February. As the conflict is getting stretched by the day with no concrete signals of a truce between both the countries, the markets have become jittery and have declined more than 1...

Capital SFB's IPO consists of an issue of shares worth Rs 450 crore and an offer for sale; Uma's plans to raise around Rs 36 crore via fresh issue and an OFS, Jesons' plans issuance of shares worth Rs 120 crore and an OFS The capital markets regulator has shone the IPO greenlight for Uma Exports, Jesons Industries, and Capital Small Finance Bank. Capital Small Finance Bank: Capital Small Finance Bank had filed draft papers for IPO in November which consists of an issue of shares worth Rs 450 crore and an offer for sale of up to 3.84 million shares by Amicus Capital Pvt Equity I LLP and others. The OFS comprises 3.37 lakh shares by PI Ventures LLP, up to 6.04 lakh shares by Amicus Capital Pvt Equity I LLP, 70,178 shares by Joint Investment Fund II, and up to 3.58 lakh shares by Gurdev Singh Samra. The OFS also includes 2 lakh shares by Rashpal Singh, 2.85 lakh shares by Tarlochan Singh Hyare, 1.32 lakh shares by Avtar Singh Samra, 3.58 lakh shares by Gurnam Singh, 1.67 lakh ...

Sresta Natural Bioproducts IPO: Sresta Natural Bioproducts Ltd, Hyderabad-based organic food company, Organic food company Sresta Natural Bioproducts Ltd has filed preliminary documents with capital markets regulator SEBI to raise Rs 500 crore through an initial share-sale. The initial public offering (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore and an offer-for-sale of up to 70,30,962 equity shares by the selling shareholders, according to the draft red herring prospectus (DRHP). Sresta Natural Bioproducts Ltd, Hyderabad-based organic food company owns the largest brand in the packaged organic food segment '24 Mantra'. which sells a variety of packaged food products under this brand including cooking essentials, dry fruits, organic teas and more. According to market sources, the IPO size is expected to be around Rs 500 crore. Investors participating in the sale include Peepul Capital Fund III LLC, Ventureast Life Fund III LLC, Ventureast Trustee C...

Billed to be the country’s biggest public issue in history, the share sale by Life Insurance Corporation of India (LIC) IPO may be delayed, but cannot be denied. A large number of retail investors are keen to apply for the shares, especially given how some recent IPOs performed initially, as some stocks turned out multi-baggers for shareholders. However, as the market turned volatile, they were reminded of the old lessons around ‘greed and fear’ in various ways. While making an informed decision about going in for the LIC IPO, here are certain things investors should keep in mind. Valuations and fundamentals: Investors keep making the same mistakes and it was no different during the recent IPO wave. Chasing hot themes generally does not work. In CY2021, the technology-driven companies were all the rage. But not all of them made money. The shares of Paytm operator One97 Communications (PAYTM) have lost two-thirds of their value from the IPO price of Rs 2,150 and trade at Rs 634 each. Ot...

When reading about businesses trying to raise money for operations or expansion, you may have come across the words "IPO" or "FPO." However, since there are fewer FPOs than IPOs, Initial Public Offering (IPO) is more widely heard than Follow-on Public Offering (FPO). What exactly is FPO? An FPO is a stock market mechanism for issuing shares to customers. It's a way for a corporation to raise new equity funds to help them manage their operations or carry out their growth plans. The FPO concept is that any public offering made after the IPO qualifies as an FPO. In simple Words FPO abbreviated as Follow-on Public Offer is a process in which an existing company listed on the stock exchange issue new shares to the existing shareholders or to the new investors. Definition of FPO: Definition: FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the ...

Before we leap into the highest dividend paying stocks, let’s know what is dividends? So, a dividend's refers to a monetary amount that a company pays to its eligible shareholders in order to reward them and return a part of their capital. It is a distribution that a company makes out of the profits it earns. The amount of dividend is decided by the board of directors of the company. However, it is more important to judge stocks based on their dividend yields rather than the absolute dividend amount. Simply put, the dividend yield is calculated by the annual dividend per share divided by the company’s current share price. For instance, if a company’s share price trades at ₹100 and it pays an annual dividend of ₹5/share, its dividend yield turns out to be 5% (5/100). Hence dividend;s yield is the proper metric to judge dividend-paying stocks as it tells us about the return that we can earn on our investments solely from dividends. Capital appreciation in the company’s stock can furt...

Five Star Business Finance, backed by TPG, Matrix Partners and Norwest Ventures, has received approval from markets regulator SEBI to raise Rs 2,752 crore through an initial public offering (IPO). The Chennai-headquartered NBFC provides secured business loans to micro-entrepreneurs and self-employed individuals, each of whom are largely excluded by traditional financing institutions. The IPO is entirely an offer for sale. The Five Star Business Finance company will not receive any proceeds from the offer. Currently, TPG Asia VII SF Pte. Ltd. holds 20.99 per cent, Matrix Partners India Investments Holdings II, LLC, holds 14.09 per cent, Lakshmipathy Deenadayalan and Norwest Venture Partners X – Mauritius own 13.01 per cent and 10.22 per cent stake in the company, respectively. They comprise selling shareholders list. The NBFC has grown from 173 branches in 2019 to almost 268 branches as on September 30, 2021 across 126 districts in eight states and one union territory. Its AUM grew 86 p...

Waaree Energies, one of the leading solar equipment manufacturers in the country, has got clearance from the market regulator Securities and Exchange Board of India (SEBI) to launch a ₹1500 crore initial public offer (IPO). In September the IPO comprises a fresh issue of shares worth ₹1350 crore, and an offer for sale up to 4,007,500 equity shares by the company's promoters and existing shareholders. Proceeds of the issue will be used to the extent of ₹910.31 crore for setting up solar cell manufacturing units and ₹141.24 crore for solar module facilities. The remaining proceeds will be used for general corporate purposes. The company had revenue from operations of ₹1,952.78 crore for the fiscal year 2020-21, with a net profit of ₹48.19 crore. In September, the company had filed draft papers with SEBI. Waaree Energies makes Photo-voltaic (PV) modules and have an aggregate installed capacity of 2 GW as of March 2021 and currently operates three manufacturing facilities at Surat, Tum...

Suresh Soni is not stranger to the Indian mutual funds industry. As the chief of the now-merged BBNP Mutual Fund (formed after the merger of Baroda Mutual Fund and BNP Paribas Mutual Fund) Two years after rolling out their plans, Baroda MF and BNP Paribas Mutual Fund formally announced their merger. Baroda BNP Paribas Mutual Fund (BBNP) started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. BBNP will offer 28 schemes across equity, hybrid, debt and overseas fund-of-fund categories. The joint venture will also provide offshore advisory services with assets worth Rs 22,522 crore. Suresh Soni, who was heading the Baroda AMC, has been appointed the chief executive officer of Baroda BNP Paribas Mutual Fund (BBNP). “This joint venture combines the complementary strengths of two partners—massive local reach and in-depth knowledge of the Indian market of Bank of Baroda with the global e...

Multi-specialty pediatric hospital chain Rainbow Children's Medicare Ltd and digital signature certificate provider eMudhra Ltd have received markets regulator SEBI's go-ahead to raise funds through initial public offerings (IPOs). The companies, which filed their preliminary IPO papers with SEBI between November and December 2021, obtained its observation letters during March 9-11, an update with the regulator showed. In SEBI's parlance, issuance of observation letter implies its go-ahead to float initial share-sales. Going by the draft papers, the public issue of Rainbow Children's Medicare comprises fresh issue of equity shares aggregating up to Rs 280 crore and an offer-for-sale (OFS) of up to 2.4 crore equity shares by the selling shareholders. According to market sources, the Rainbow Children's Medicare IPO size is expected to be more than Rs 2,000 crore. The offer also includes a reservation for subscription by eligible employees. Also Read :  Check out upcom...

The bigger rally was seen in individual stocks. The top 75 stocks in the BSE500 index registered double-digit gains of 10-28 percent in the five sessions to March 14, while 86 percent of stocks in the index were in positive terrain. After the recent turmoil that pushed the markets to a seven-month low, bulls re-emerged and helped the benchmark indices clock more than 6 percent gains in five sessions from March 8 to 14. But gains in individual stocks were much higher than that as the top 75 stocks in the BSE500 recorded double-digit gains over the same period. The reasons behind this rally also looked strong. The first is the fall in international crude oil prices that returned to $100 a barrel mark after hitting $139 a barrel last week. This is a major positive for India which imports 80-85 percent of its oil requirement. Continued attempts to reach a ceasefire between Ukraine and Russia and worries over demand from China that is facing a renewed surge in COVID-19 cases pulled oil pric...

IPO Updates:  So far, Adani Wilmar, Vedant Fashions and AGS Transact Technologies launched IPO's in 2022 and raised more than Rs 7,400 crore After a spectacular run in 2021, the current year seems somewhat sluggish for the primary market with only three companies successfully closing their public issues as against 10 IPO in the first two-and-a-half months last year. The reason: A tizzy secondary market, unnerved by a global turmoil, following the Russian assault on Ukraine. Moscow's consistent aggression to take control over Kyiv, brushing aside sanctions imposed by the West resulted into inflation and global growth concerns. Considering the supply worries as Russia exports oil and metals with a sizeable market share in the world, crude prices traded at $125-130 a barrel after hitting nearly 14-year high of $139 in previous session, and industrial metals prices either at multi-year or record highs now, raising the risk of higher input cost for companies and trade deficit concer...

RADIANT CMS IPO: Radiant Cash Management Services Ltd, backed by Ascent Capital, has received approval from the Securities and Exchange Board of India (SEBI) to raise funds through a public listing. The Chennai-based Radiant CMS intends to issue up to ₹60 crore worth of fresh shares, while existing shareholders may sell up to 30.13 million equity shares in the initial public offering (IPO). The offer for sale (OFS) will comprise sale of up to 10.13 million shares by Col. David Devasahayam, Radiant Capital’s founder, and up to 20 million shares by Ascent Capital Advisors India, a private equity firm. Proceeds from the issue worth ₹20 crore will be used to meet working capital needs, ₹23.92 crore to fund capital expenditure and for general corporate purpose. IIFL Securities Ltd, Motilal Oswal Investment Advisors Ltd and Yes Securities (India) Ltd are advising the company on the IPO. In 2015, Ascent Capital took a 37.2% stake in the Radiant CMS company. Also Read :  Dreamfolks Service...

Benchmark stocks indices joined the Holi festivities, gaining 2 percent on March 17. At close, the Sensex was up 1,047.28 points, or 1.84%, at 57,863.93, and the Nifty was up 311.70 points, or 1.84%, at 17,287. HDFC, JSWSTEEL, TITAN, SBILIFE and KOTAKBANK were among the top Nifty Gainers. INFY, CIPLA, IOC, COALINDIA and HCLTECH were the Losers. In the broader market, the BSE MidCap and SmallCap indices added 1 per cent each. For the week, the benchmark Sensex and Nifty indices climbed over 4 per cent while the BSE MidCap and SmallCap indices zoomed 2 per cent each. Sectorally, the Nifty Realty index advanced over 3 per cent today, ending as the top sectoral gainer for a second straight day. The Nifty Financial Services, Bank, and Metal indices edged between 2 and 2.5 per cent higher. Stocks and sectors On BSE, except IT, all sectoral indices ended in the green. Auto and bank indices rose 2 percent each and realty index was up 3 percent. Broader indices underperformed the main indices, ...

Nifty 50 Index Overview: Nifty 50 is a collection of top performing 50 equity stocks that are actively trading in the index. Nifty is a popular stock index. The National Stock Exchange of India introduced it. This index was founded in 1992 and started trading in 1994. It is owned and managed by India Index Service & Products Limited (IISL). IISL is an Indian specialized company which focuses on an index as its focus product. The NIFTY 50 is a diversified 50 stock index accounting for 13 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. Nifty 50 is owned and managed by NSE Indices Limited (formerly known as India Index Services & Products Limited) (NSE Indices). NSE Indices is India's specialised company focused upon the index as a core product. The NIFTY 50 Index represents about 66.8% of the free float market capitalization of the stocks listed on NSE as on March 29, 2019. The total t...