One97 Communications is India’s leading e-commerce. One97 runs Paytm, India’s largest digital goods marketplace. Paytm is also a leading payment solutions provider to e-commerce merchants using its RBI approved semi-closed wallet. The company’s stock is in huge demand and its share price is soaring regularly and the company might plan IPO in near future.
One97 delivers mobile content and commerce services to millions of mobile consumers through India’s most widely deployed telecom applications cloud platform.
Headquartered in New Delhi, One97 has regional offices in Mumbai, Bengaluru, Pune, Chennai and Kolkata with global presence in Africa, Europe, Middle East and Southeast Asia. The company is backed by marquee investors like Alibaba Group, Ant Financial (AliPay), SAIF Partners, Mediatek, Sapphire Venture and Silicon Valley Bank.
Studds Accessories has received market regulator Sebi’s approval to float an initial public offer (IPO). Studds Accessories is the leading manufacturers and exporters of Helmets & two wheeler accessories in India. Product range includes Two Wheeler Accessories. Studds has a strong global presence with partners in over 35 countries.
The company had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO). Studds Accessories’ IPO comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders.
Proceeds of the issue will be used to part-finance the motorcycle helmet, two-wheeler accessories, bicycle helmet manufacturing facilities in Faridabad, and for general corporate purposes. Edelweiss Financial Services and IIFL Holdings will manage the company’s public issue.
The Indian Commodity Exchange (ICEX) would launch pepper and cardamom contracts in its platform in the near-future. The exchange is the first to launch the world’s first diamond derivatives contracts in August last year.
ICEX launched derivatives in diamond and steel as India was a major player in both the commodities. India has a 70% share in cutting and polishing of diamonds and in steel we are the second largest market. The company has daily turnover of Rs 100 crore in diamond contracts and Rs 20 crore in steel. It is looking at a daily turnover of Rs 500-600 crore in diamond alone by the next quarter with Sebi approving foreign entities having actual exposure to Indian physical commodity markets to trade in the commodity market .
Last year, ICEX had merged with National Multi Commodity Exchange (NMCE) creating the country’s third biggest commodity exchange. NMCE rubber contracts started trading in ICEX post Sebi approval. Volumes and open interest are seen increasing consistently in rubber post the merger.
At current off-market price, the company is valued at around Rs 450 crore as against the CSK brand value of $98 million (about Rs 700 crore) as per a valuation by American Appraisal India and Duff & Phelps.
“Many investors who got CSK shares early this week were seen selling them off market,” said Narottam Dharawat, a Mumbai-based broker who deals in unlisted shares. “Savvy investors are interested in buying CSK shares.”
CSK have been ranked as the most valuable IPL franchise brand. There have been eleven seasons of the IPL tournament. The current IPL title holders are the CSK, who won the 2018 season.
According to another independent report conducted by Brand Finance, a London-based company, after the conclusion of the 2018 Indian Premier League, the IPL has seen its business value grow by 37% to an all-time high of US$5.3 billion — crossing the five billion mark for the first time in a season. According to the director of the company: Now in it’s 11th season, the Indian Premier League is here to stay. The league has delivered financially for the players, franchisees, sponsors and India as a whole, prompting a strong desire among a range of stakeholders to appropriately value it. To ensure continued development, management and team owners will have to explore innovative ways of engaging fans, clubs, and sponsors.
Chennai Super Kings (CSK) is a franchise cricket team based in Chennai, Tamil Nadu, which plays in the Indian Premier League (IPL). Founded in 2008, the team is captained by Mahendra Singh Dhoni and coached by Stephen Fleming.