Lakshmi Mittal-controlled Arcelor Mittal sweetened its bid for Essar Steel by offering an additional equity infusion of Rs 8000 crore over and above the Rs 42000 crore it promises to pay for acquiring the bankrupt steelmaker. The move raises Arcelor Mittal’s total bid for Essar Steel to Rs 50000 crore.
In FY17, the latest year for which financials are available, Essar Steel earned an Ebitda of Rs 2841 crore, but depreciation alone amounted to Rs 1903 crore. Ebitda stands for earnings before interest, tax, depreciation and amortization. Its interest cost in that year was Rs 5608 crore and it ended FY17 with a net loss of Rs 5198 crore. But FY18 financials may look better, based on how listed firms have fared.
Our one more hot favorite pre-IPO stock is launching IPO tomorrow. But not before delivering multibagger returns to investors. One more baby is ready to fly high and scale new heights.
ICICI Lombard sold to all our investors at as low as Rs 70 since 2013 has become 10x to Rs 700+ in just around 4 years. That’s the power of investing in unlisted shares. The company’s initial public offer (IPO) will open on September 15 and close on September 19. The price band is Rs 651 to Rs 661 per share.
The recent market buoyancy has triggered an IPO boom. Companies with good fundamentals are seeing huge oversubscription leaving investors with nil or low allotment. This is very annoying as there is a loss of opportunity to make profit in form of listing gains. That’s why it makes sense to invest in good companies to get capital appreciation and assured quantity. Applying in IPO is a traditional and loss making concept while Pre IPO investing is a modern and highly profitable approach.
Tamilnad Mercantile Bank (TMB) is a leading private sector based in South India. The bank has 509 full fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests and 1135 Automated Teller Machines.
Tamilnad Mercantile Bank (TMB) is one of the very few banks having very high reserve base and its earnings per share remains the highest. It is the only bank in India declaring consistently higher rate of dividend to its shareholders from the very beginning.
Market may be moving in a small range and volatile. Retail investors to fund managers and other market experts are unable to make money from stocks investments. But investors who have invested in unlisted shares are creating huge wealth regularly.
One such multibagger is Hero Fincorp. The stock has almost become 5x (5-bagger) in just 9 months. Stock is up from Rs 150 to Rs 700 now.
Many more such stocks are still available with huge potential upside for long term wealth creation. For more details and building a diversified portfolio, please call on 08108234400 and keep visiting buysellunlistedshares.com for regular updates.