Stocks in Focus on December 15: HP Adhesives IPO, MedPlus Health IPO, NBFCs, ITC, Nykaa and many more
The equity benchmarks on Tuesday, December 14, 2021, closed with marginal custs. Both stocks, Nifty & Sensex, fell amid negative cues from the global equity markets. The BSE S&P Sensex fell 166 points, or 0.29%, to trade at 58,117.
The equity benchmarks on Tuesday, December 14, 2021, closed with marginal custs. Both stocks, Nifty & Sensex, fell amid negative cues from the global equity markets. The BSE S&P Sensex fell 166 points, or 0.29%, to trade at 58,117. The NSE Nifty also slipped 43 points, or 0.25%, to trade at 17,325.But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, December 15, 2021. List of such five stocks:
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IPO Update: HP Adhesives IPO + Data Patterns IPO + MedPlus Health IPO + Metro Brands IPO
HP Adhesives IPO: The initial public offering (IPO) of HP Adhesives Limited, an adhesive and sealants company, open for subscription today, i.e., on Wednesday, December 15, 2021. The three-day issue will close on Friday, December 17, 2021. The company has fixed a price of Rs 262-274 per equity share. The company has plans to raise up to Rs 125.9 crore from the primary market. The maiden issue comprises a fresh issue of 41,40,000 equity shares worth Rs 113.44 crore and an offer for sale (OFS) of 4,57,200 equity shares worth Rs 12.5 crore. A retail investor can place a bid for a minimum of 50 equity shares and in multiples thereof. Besides, the adhesive and sealants company had mopped up Rs 56.7 crore from anchor investors on Tuesday, a day ahead of the opening of the initial public offer. Coeus Global Opportunities (26.5%), 3 Sigma Global (46.7%) और AG Dynamic Funds (26.8%) among others were the anchor investors.
Data Patterns IPO: The initial public offering (IPO) of Data Patterns (India) Limited, a vertically integrated defence and aerospace electronics solutions provider, was subscribed 3.30 times on Tuesday, the first day for bidding. Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 1.46 times and 5.89 times, respectively. 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) 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.
MedPlus Health IPO: The initial public offering (IPO) of MedPlus Health Services Limited, a pharmacy retailer, was subscribed 1.46 times on Tuesday, the second day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.09 times while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.50 times and 2.64 times, respectively. The portion reserved for employees was subscribed 1.73 times. The three-day initial share sale will close today. 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. 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. A retail investor can bid for a minimum of 18 equity shares and in multiples thereafter.
Metro Brands IPO: The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, closed with 3.64 times subscription on Tuesday, the third and last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 8.49 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 3.02 times and 1.13 times, respectively. The company had 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.
Zee Business Exclusive: The government is likely to announce the expansion of the Silk Samagra Scheme soon, sources close to the development informed Zee Business. According to the sources, the government has plans to spend Rs 4,500 crore on the promotion of silk production in the country. Textile Ministry has sent a proposal for the purpose to the cabinet for its approval. Funds will be allocated for R&D, seed organization, quality certification, export promotion. The country's silk imports increased from $16.91 mn to $32.73 mn (YoY) in 2021.
NBFCs: The Reserve Bank of India (RBI) on Tuesday released a prompt corrective action (PCA) framework for non-banking finance companies (NBFCs). The PCA framework for NBFCs would come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022. The new NBFC framework will apply to all deposit-taking NBFCs. Capital adequacy ratio and asset quality will be the key monitorables for deposit and non-deposit-taking NBFCs.
Mold Tek Packaging: The company launched QIP issue on December 14, 2021, and approved the floor price of Rs 722.40 per equity share (9% Discount at CMP Rs 793.55) for the QIP. The Company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the QIP.
ITC: Sanjiv Puri, Chairman, ITC Ltd, on Tuesday said the company is open to the idea of demerger of the fast-moving consumer goods (FMCG) business and listing of the information technology (IT) businesses. The demerger plans for the hotel business will be done as soon as the industry recovers. He added, the company has lined up investments of Rs 10,000 crore over the next three years. The company is also actively pursuing acquisitions opportunities in FMCG and IT business. Besides, the company has said that its nasal spray for Covid-19 prevention, Savlon Nasal Spray, is in the final stage of trials.
Deepak Nitrite: The company's board of directors will meet on December 22 to consider raising funds.
Mastek: The Board of Directors of the company is scheduled to meet on Friday, December 17, 2021, to consider and approve the issue of fully paid-up equity shares of the company by the way of private placement in partial discharge of the purchase consideration for the acquisition of Compulsorily Convertible Preference Shares (CCPS) of Trans American Information Systems Private Limited, a subsidiary of the company.
Nykaa: The country's leading lifestyle destination, will make available L'Oreal's advanced, AI-powered virtual try-on technology ModiFace for its customers. This technology helps to create an enhanced beauty experience for makeup enthusiasts. The ModiFace Technology will enable virtual try-on on Nykaa's website and mobile app helping shoppers purchase their desired beauty products across categories, starting with the L'Oreal range of products.
PayTm: The lock-in period for anchor investors will end.
Power Grid: The board of directors of the company will meet today to consider and approve the interim dividends for FY22.
SH Kelkar: Buyback of up to 29 lakhs fully paid-up shares of the company each at Rs 210 per equity share for a maximum consideration of Rs 60.0 crore through the tender route will open today.
Burger King: The board of directors of the company will meet today to consider and approve the proposal to raise funds.
Promoter Actions
Ganesh Benzoplast: Promoter sold 2.45 shares on December 14, 2021.
KPIT Technologies: Promoter sold 1 lakh shares in the open market on December 13, 2021.
Gujarat Fluorochemicals: Promoter sold 19,661 shares on December 13, 2021.
LG Balakrishnan: Promoter V Rajvirdhan sold 1 lakh shares on December 9, 2021.
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