Stocks in Focus on December 14: Anand Rathi, Data Patterns IPO, Piramal Enterprises, Greenlam Industries, Airline Stocks and many more
The stock markets on Monday, December 13, 2021, fell more than half a per cent. Both stocks declined amid mixed cues from the global equity markets. The BSE Sensex declined 503 points, or 0.86 per cent to trade at 58,283.
The stock markets on Monday, December 13, 2021, fell more than half a per cent. Both stocks declined amid mixed cues from the global equity markets. The BSE Sensex declined 503 points, or 0.86 per cent to trade at 58,283. The NSE Nifty also slipped 143 points, or 0.82 per cent, to trade at 17,368. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, December 14, 2021. List of such five stocks:
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Listing + IPO Update: Anand Rathi Listing + Data Patterns IPO + MedPlus Health IPO + Metro Brands IPO + MapmyIndia IPO
Anand Rathi Listing: Shares of Anand Rathi Wealth Limited, the wealth management arm of Anand Rathi Financial Services, will be listed on NSE and BSE today. The Rs 660 crore initial public offering (IPO) of Anand Rathi Wealth Limited, the wealth management arm of Anand Rathi Financial Services, was subscribed 9.78 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 2.50 times while the Non Institutional Investors and Retail Individual Investors (RIIs) portions were subscribed 25.42 times and 7.76 times, respectively. The portion reserved for employees was subscribed 1.32 times. The issue price for the shares is Rs 550 per share. The initial share sale is entirely an offer for sale (OFS) of 1.2 crore equity shares (including Anchor portion of 35,25,000 equity shares) by promoters and existing shareholders.
Data Patterns IPO: The initial public offering (IPO) of Data Patterns (India) Limited, a vertically integrated defence and aerospace electronics solutions provider, will open today, i.e., on Tuesday, December 14, 2021, for a subscription. The three-day issue will close on Thursday, December 16, 2021. The company has fixed a price range of Rs 555-585 per equity share for an issue worth Rs 588 crore. The maiden issue comprises a fresh issue component up to Rs 240 crore and an offer for sale (OFS) 59.52 lakh equity shares worth Rs 348 crore. A retail investor can bid for a minimum of 25 equity shares and in multiples thereafter. At the upper end of the price band, one lot is worth Rs 14,625. Besides, the company has mopped up Rs 176 crore from anchor investors share on Monday, ahead of its initial public offer opening for a subscription. Axis Mutual Fund (11.4%), Ashoka Fund (11.4%), Nomura (6.8%), HDFC Fund (6.8%), ICICI Pru (6.8%), Aditya Birla (6.8%), Nippon Life (6.8%) among others were the anchor investors.
Metro Brands IPO: The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, was subscribed 0.52 times (52%) on Monday, the second day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.16 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.17 times and 0.87 times, respectively. The three-day initial share sale of the footwear retailer will close on Tuesday, December 14, 2021. The company has fixed a price band of Rs 485-500 per equity share as it has plans to raise up to Rs 1,367.5 crore through the public issue. The issue comprises a fresh issue of shares worth Rs 295 crore and an offer for sale (OFS) of up to 2,75,32,574 equity shares worth Rs 1,073 crore by promoters and other shareholders. A retail-individual investor can apply for a minimum of 30 equity shares and in multiples of 30 shares thereafter.
MedPlus Health IPO: The initial public offering (IPO) of MedPlus Health Services Limited, a pharmacy retailer, was subscribed 0.70 times (70%) by the day end on Monday, December 13, 2021, the first day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.06 times while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.16 times and 1.29 times, respectively. The portion reserved for employees was subscribed 0.76 times. The three-day initial share sale will close on Wednesday, December 15, 2021. The company has fixed a price range of Rs 780-796 per equity share as it has plans to raise up to Rs 1,398 crore from the primary market. A retail investor can bid for a minimum of 18 equity shares and in multiples thereafter. The pubic issue of the pharmacy retailer consists of the issuance of fresh equity shares worth Rs 600 crore while and an offer for sale (OFS) of equity shares aggregating up to Rs 798 crore by the promoter and existing shareholders.
MapmyIndia IPO: The initial public offering (IPO) of C.E. Info Systems Limited, the operator of India's leading map and navigation services provider - MapmyIndia, closed with 154.71 times subscription on Monday, the third and last day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 196.36 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 424.69 times and 15.20 times, respectively. The price band for the public issue was fixed at Rs 1,000-1,033 per share. The company has plans to raise up to Rs 1,039.6 crore through an offer for the sale of existing shares. Investors can bid for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter. The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders.
Apollo Hospitals: Promoters will sell 7 lakh shares through a block deal. The company has set a floor price of Rs 5,050 per share (a discount of 3% to CMP of Rs 5,204.8 per share). Block deal size is $4.7 lakhs.
Piramal Enterprises: The Board of Directors of the Company on Monday approved the amalgamation of Shrilekha Business Consultancy Private Limited (Shrilekha) (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Limited ('SCL') and to this extent has assented to the Composite Scheme of Arrangement and Amalgamation of Shrilekha into SCL. This Scheme would help simplify the holding structure across entities at Shriram Group. Pursuant to the Scheme, the Company shall hold equity shares of the merged listed entity - Shriram Finance Limited and also shares of resultant entities - Shriram LI Holdings Private Limited, Shriram GI Holdings Private Limited and Shriram Investment Holdings Limited.
Greenlam Industries: The leading laminate manufacturer on Monday announced prominent plans for a fast-tracked expansion of the company. The company aims to invest Rs 950 crores over a period of 2-3 years, towards setting up of third Laminate plant and foray into Plywood and Particle Board business. This expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player. Greenlam expects to commence the commercial production of Plywood & Laminate by Q4FY23 and Particle Board by Q4FY24.
Ircon International: The company has emerged as the lowest bidder for NHAI's project. The bid project cost is Rs 1,107 crore. The completion period of the project is two years.
SpiceJet + InterGlobe: The Gujarat government has reduced Value Added Tax (VAT) on Value Added Tax (VAT) on ATF by 5% from Monday midnight, according to an official release. The state government claimed that the decision has been taken in the interest of the people.
PB Fintech: The board of the company on Monday approved the incorporation of the wholly-owned subsidiary to carry on the business of an Account Aggregator ('AA"). The AA has to be licenced by the Reserve Bank of India (RBI). The incorporation will leverage the facility without external dependency on other Account Aggregators for information gathering, cost-saving/revenue housing and offer seamless solutions. It will invest Rs 40.41 crore in the Gurugram-based loan marketplace MyLoanCare. The investment will be completed in six months in two stages. In the first tranche, it will acquire 24.93% of shares of MyLoanCare and will increase the stake further to 70.10% through primary allotment. Post investment MyLoanCare would be an associate company of PB Fintech and accordingly a related party.
Bulk / Block Deal
CAMS: Promoter Great Terrain Investment Ltd sold 35 lakh shares at the rate of Rs 2571 to 2572 per share. Plutus Wealth Management bought 6 lakh shares at Rs 2750 per share.
Agro Phos India: Societe Generale sold 1.02 lakh shares. (CMP Rs 24.6, Market Cap Rs 50 crore, Only NSE).
Premier Ltd: Anand Rathi Financial Services sold 4.95 lakh shares. (CMP Rs 10, Market Cap Rs 31 crore).
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