Studds Accessories gets Sebi approval for IPO

Studds Accessories

Studds Accessories gets Sebi nod for IPO

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.

For buying shares of Studds Accessories or any other companies, please call on 8108234400 or place your order here buysellunlistedshares.com/buysell/ 

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.

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Indian Commodity Exchange (ICEX) to launch pepper and cardamom contracts soon

commodity exchange

ICEX is a leading commodity exchange

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.

For buying shares of  Indian Commodity Exchange (ICEX) or any other companies, please call on 8108303330 or place your order here buysellunlistedshares.com/buysell/  

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.

Source: Financial Express06-Dec-2018

Chennai Super Kings (CSK) Cricket unlisted shares in huge demand

CSK most profitable IPL brand

IPL brand CSK’s unlisted shares in huge demand

Unlisted shares of Indian Premier League (IPL) team Chennai Super Kings (CSK) Cricket are in huge demand. India Cements spun off its IPL franchise into a wholly owned subsidiary in early 2015.

For buying shares of Chennai Super Kings (CSK) Cricket or any other companies, please call on 8108303330 or place your order https://buysellunlistedshares.com/buysell/

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) Cricket unlisted shares

CSK most profitable IPL brand

CSK unlisted shares in demand

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.

For buying unlisted shares of Chennai Super Kings (CSK) Cricket or any other companies, please call on 8108303330 or place your order https://buysellunlistedshares.com/buysell/

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.

 

ArcelorMittal wins bid to acquire Essar Steel

ArcelorMittal declared highest bidder

ArcelorMittal declared highest bidder for acquiring Essar Steel

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.