Anand Rathi Wealth Limited’s initial public offering to open on December 2, 2021

 

Anand Rathi Wealth Limited’s initial public offering to open on 

December 2, 2021

• Price Band of ₹530 – ₹550 per equity share bearing face value of ₹5 each (“Equity Shares”). The Offer includes a discount of ₹ 25 to Eligible Employees bidding in the Employee Reservation Portion.

• Bid/Offer Opening Date – Thursday, December 2, 2021 and Bid/Offer Closing Date – Monday, December 6, 2021.

• Minimum Bid Lot is 27 Equity Shares and in multiples of 27 Equity Shares thereafter.

• The Floor Price is 106 times the face value of the Equity Share and the Cap Price is 110 times the face value of the Equity Share.

 

Risks to Investors: • The Price/Earnings ratio based on diluted EPS for Fiscal 2021 for our Company at the upper end of the 

Price Band is 50.69 as compared to the average industry peer group Price/ Earnings ratio of 35.77. • Average Cost of acquisition of Equity Shares for the Selling Shareholders namely Mr. Anand Rathi, Mr. Pradeep Gupta, Anand Rathi Financial Services Limited, Mr. Amit Rathi, Ms. Priti Gupta, Ms. Supriya Rathi, Rawal Family Trust, acting through Mr. Rakesh Rawal, Mr. Jugal Mantri and Mr. Feroze Azeez is ₹ 3.33, ₹ 3.33, NIL, ₹3.33, ₹ 3.33, ₹3.33, ₹3.33, ₹ 3.33 and ₹233.14, respectively and the Offer Price at the upper end of the Price Band is ₹550 per Equity Share. • Details of Acquisition of all# Equity Shares transacted in last three years and one year:

Period Weighted Average Cost of Acquisition Price (in  ₹) Upper end of the Price band (₹ 550 per Equity Share) is ‘X’ times the Weighted Average Cost of Acquisition Range of acquisition price: Lowest Price -Highest Price (in  ₹)

Last 1 year 10.23 53.77 Nil*-600

Last 3 years 25.10 21.91 Nil*-600

# This includes the cost of acquisition of Equity Shares transacted by the Promoter, Promoter Group and Selling Shareholders. * Cost of acquisition is NIL on account of Equity Shares acquired through gift and/or bonus issuance. For further details, please refer to page nos. 96-98 of the RHP. • Weighted Average Return on Net Worth for Fiscals 2021, 2020 and 2019 is 28.33%. • The four BRLMs associated with the Offer have handled 28 public issues in the past three years, out of which 11 issues closed below the issue price on listing date.

Mumbai, November 30, 2021: Anand Rathi Wealth Limited, one of the leading non-bank wealth solutions firms in India is proposing to open its initial public offering of Equity Shares (the “Offer”) on Thursday, December 2, 2021 which will close on Monday, December 6, 2021. The price band for the Offer has been determined at ₹ 530 – ₹550 per Equity Share of face value of ₹ 5 each.

The initial public offering fully consists of an offer for sale of up to 1,20,00,000 Equity Shares of face value of ₹ 5 each by Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust acting through Rakesh Rawal, Jugal Mantri, and Feroze Azeez (the “ Selling Shareholders”).

The Company and the Selling Shareholders have, in consultation with the Book Running Lead Managers, considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations, whose participation shall be one Working Day prior to the Bid/Offer Opening Date, i.e. on Wednesday, December 01, 2021. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors. 

The Company commenced activities in Fiscal 2002 and is AMFI registered mutual fund distributor and has evolved into providing well researched solutions to its clients through a mix of wealth solutions, financial product distribution and technology solutions to a wide spectrum of clientele. As per CARE Advisory Research, the Company has been ranked amongst one of the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2021, 2020 and 2019. 

Since March 31, 2019 till August 31, 2021, the Company’s Asset Under Management (AUM) has grown at a CAGR of 22.74% to ₹ 302.09 billion. As on August 31, 2021 the Company’s flagship Private Wealth vertical catered to 6,564 active client families across the country. Over 50% of its clientele has been associated with Anand Rathi Wealth Limited for more than 3 years. The Company has paid dividend at the rate of 50% in Fiscal 2021 and had issued bonus shares in August 2016 and July 2021.

In addition to private wealth vertical, Company has two new age technology led business verticals i.e. Digital Wealth (DWM) and Omni Financial Advisors (OFA). DWM vertical is a fin-tech extension of the Company’s proposition for the mass affluent segment with wealth solution delivered through a combination of human interface empowered with technology and the OFA vertical is a strategic extension for capturing wealth management landscape to service clients through independent financial advisors by using a technology platform. 

India has the key ingredients of a high growth wealth management market and is on the move to become the fourth largest private wealth market globally by 2028. According to Karvy India Wealth Report 2020, by Fiscal 2025, Financial Assets and Physical assets are expected to reach ₹512 trillion and ₹299 trillion at a CAGR of 14.27% and 8.14%, respectively. (Source: CART Industry Report)

Equirus Capital Private Limited, BNP Paribas, IIFL Securities Limited and Anand Rathi Advisors Limited are the book running lead managers to the Offer (“BRLMs”).

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the red herring prospectus dated November 26, 2021 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“RoC”).

Kolkata-based Tega Industries Limited’s initial public offering to open on December 01, 2021

 Kolkata-based Tega Industries Limited’s initial public offering to open on December 01, 2021

·         Price Band of ₹ 443 – ₹ 453 per equity share bearing face value of ₹ 10 each (“Equity Shares”).

·         Bid/Offer Opening Date – Wednesday, December 01, 2021 and Bid/Offer Closing Date – Friday, December 03, 2021.

·         Minimum Bid Lot is 33 Equity Shares and in multiples of 33 Equity Shares thereafter.

·         The Floor Price is 44.3 times the face value of the Equity Share and the Cap Price is 45.3 times the face value of the Equity Share.

 

 

Mumbai, November 26, 2021: Kolkata-based Tega Industries has fixed a price band at Rs 443-453 per share for its maiden public offer. The initial public offering (IPO) of Tega Industries Limited (“Company”) will open on Wednesday December 01, 2021 for Subscription and close on Friday, December 03. Investors can bid for a minimum of 33 equity shares and in multiples of 33 shares thereafter.

 

The company is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry, on the basis of sales as of June 30, 2021.

 

The IPO is entirely an offer for sale of up to 1,36,69,478 Equity Shares (“Offer for Sale”) by the Selling Shareholders, up to 33,14,657 equity shares by Madan Mohan Mohanka, up to 6,62,931 equity shares by Manish Mohanka (Together with Madan Mohan Mohanka) (the “Promoter Selling Shareholders”) and up to 96,91,890 by Wagner Limited, (Investor selling shareholders). The Company will not receive any proceeds from the Offer.

 

The Company and the Selling Shareholder have, in consultation with the book running lead manager to the Offer, considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations, whose participation shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Tuesday, November 30, 2021. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors.

Tega Industries offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, across different stages of mining and mineral processing, screening, grinding and material handling, including after-market spends on wear, spare parts, grinding media and power.

Globally on the basis of revenues, Tega Industries are the second-largest producer of polymer-based mill liners as of June 30, 2021.

 

Its product portfolio comprises more than 55 mineral processing and material handling products, that covers a wide range of solutions in the mining equipment, aggregates equipment and the mineral consumables industry.

Revenue from operations increased 17.62% from Rs 684.85 crore in fiscal 2020 to Rs 805.52 crore in fiscal 2021, primarily attributable to an increase in the sale of products, while its net profit increased from Rs 65.50 crore in fiscal 2020 to Rs 136.41 crore.

Axis Capital Limited and JM Financial Limited are the book running lead manager to the Offer (“BRLM”).

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the red herring prospectus dated November 23, 2021 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai (“RoC”).

Piramal Capital & Housing Finance and API Holdings Partner to Offer Financing Solutions for India’s Rapidly Evolving Healthcare Ecosystem

 Piramal Capital & Housing Finance and API Holdings Partner to Offer Financing Solutions for India’s Rapidly Evolving Healthcare Ecosystem

 

●        Piramal Capital & Housing Finance Ltd (PCHFL) will offer financing solutions to consumers, merchants and other participants in API Holdings’ healthcare ecosystem

●        PCHFL will provide solutions like Buy Now Pay Later (BNPL) for consumers and merchants, supply chain financing, hospital financing, invoice discounting, among others

●        Upto Rs. 100 crores initially earmarked for disbursement by March 2022

 

Mumbai, 25 November 2021: Piramal Capital & Housing Finance Limited (PCHFL), the wholly owned subsidiary of Piramal Enterprises Limited, today announced its strategic partnership with API Holdings Limited (API Holdings) through its digital platform Retailio - India’s largest digital B2B healthcare platform. The partnership aims at synergizing respective capabilities to provide efficient and seamless financing solutions to consumers, retailers and merchants in the API Holdings’ healthcare ecosystem.

 

Under this partnership, PCHFL Finance has earmarked an initial amount of INR 100 crore for disbursement by March 2022, which will get upsized basis initial market response.

 

Further, PCHFL will provide solutions like Buy Now Pay Later (BNPL) for consumers and merchants, multi-collateral loans for retailers, supply chain financing, hospital financing, invoice discounting, among others. This alliance leverages the strengths of both companies, making this a winning proposition for all stakeholders, thereby expanding the reach and tap new customers.

 

On the partnership, Jairam Sridharan, MD, Piramal Capital & Housing Finance Limited said, “We are pleased to partner with API Holdings to provide tech-enabled financing solutions to fulfill the healthcare needs of their customers. Healthcare has become one of the largest sector in India, driven by disruptive innovation and increasing spends by consumers - as people are prioritizing health and well-being in the new normal. New age platforms like Retailio are leading the paradigm shift in the sector through impactful and scalable digital health solutions that make a real difference in the lives of people. This partnership is in is line with our strategy of expanding our retail portfolio through a mix of collaboration-led origination model and leveraging our distinguished digital lending capabilities. We look forward to a profitable and long-term partnership with API Holdings, as we aim to disburse upto INR 100 crore by the end of March 2022.”

Harsh Parekh, Whole-time Director and Co-founder, API Holdings, said “We are extremely delighted to partner with Piramal Capital & Housing Finance and we believe that this partnership will provide the right capital impetus across the full spectrum of ecosystem partners that we currently cater to. By bringing together our potential synergies, we aim to provide capital to the underserved SME/ MSME segment that would in-turn help fuel growth for these businesses."

Rohit Anand, Head – FinTech, API Holdings, said, “We, at API and Retailio are continuously striving to seamlessly digitize the current off-line healthcare market in India and our partnership with Piramal will enable us to extend various credit products through our ecosystem of platforms. We share a similar vision & mission with Piramal for the sector and now look to fast track roll-outs of various innovative offerings, for our SME / MSME partners as well as our consumers.”

API Holdings operates an integrated, end-to-end business that aims to provide solutions for the healthcare needs of consumers across all critical stages of healthcare delivery. Its presence today spans across key assets such as:

 

●        Thyrocare: Leading diagnostic chain in India

●        Akanamed: Leading medical supplier to hospitals in India

●        Retailio: Leading B2B digital pharma platforms connecting distributors and pharmacies

 

Further, API Holdings (through its subsidiary), owns the PharmEasy brand along with the proprietary technology platform which powers the PharmEasy marketplace.

With the acquisition of DHFL, PCHF becomes one of the leading players in the retail lending segment with access to over 1 million lifetime customers, presence in 24 states with a network of over 300 branches. The company leverages the “phygital” lending platform driven by Machine Learning (ML) and Artificial Intelligence (AI), including the new mobile app. With ‘Digital-at-its-Core’ strategy, the Piramal platform offers a quick and easy way for merchant and consumer companies to collaborate and fund loans on a large scale.

एका दिवसात एका चित्रपटगृहात झिम्माचे १८ खेळ हाऊसफुल्ल! — लॅाकडाऊननंतर चित्रपटगृहांमध्ये सुपरहिट ठरलेला पहिला मराठी चित्रपट —

 

एका दिवसात एका चित्रपटगृहात झिम्माचे १८ खेळ हाऊसफुल्ल!

— लॅाकडाऊननंतर चित्रपटगृहांमध्ये सुपरहिट ठरलेला पहिला मराठी चित्रपट — 

प्रेक्षकांच्या प्रतिक्षेला विराम देत १९ नोव्हेंबरला संपूर्ण महाराष्ट्रात 'झिम्मा' प्रदर्शित झाला. या चित्रपटाला प्रेक्षकांचा प्रचंड प्रतिसाद मिळत असून त्याचे सर्व शोज हाऊसफुल्ल जात आहेत. विकएंडला संपूर्ण महाराष्ट्रात सर्व चित्रपटगृहांबाहेर हाऊसफुल्लचे बोर्ड लागले होते तर 'झिम्मा'चे प्री बुकिंगही जोरदार सुरु आहे. विशेष म्हणजे विकएंडला ठाण्यातील एका मल्टिप्लेक्समध्ये या चित्रपटाचे १८ शोज लागले होते आणि तेसुद्धा सगळे हाऊसफुल्ल. प्रेक्षकांबरोबरच पत्रकारांकडूनही या चित्रपटाचे प्रचंड कौतुक होत असून वर्तमानपत्रे, न्यूज चॅनेल्स, सिनेसृष्टीकडूनही 'झिम्मा'ला सकारात्मक प्रतिक्रिया मिळत आहेत. सोशल मीडियावरही या चित्रपटाची जोरदार चर्चा सुरु आहे. 

हेमंत ढोमे दिग्दर्शित 'चलचित्र कंपनी' प्रस्तुत 'अमेय विनोद खोपकर एंटरटेनमेंट' आणि 'क्रेझी फ्यू फिल्म्स' निर्मित 'झिम्मा' चित्रपटात सिद्धार्थ चांदेकर, निर्मिती सावंत, सुहास जोशी, सुचित्रा बांदेकर, क्षिती जोग, सोनाली, सायली संजीव, मृण्मयी गोडबोले यांच्या प्रमुख भूमिका आहेत. या चित्रपटाचे लेखन इरावती कर्णिक यांनी केले असून छायाचित्रीकरण संजय मेमाणे यांनी केले आहे. क्षिती जोग यांच्यासोबत स्वाती खोपकर, अजिंक्य ढमाळ, विराज गवस, उर्फी काझमी, सनी शाह यांनी या चित्रपटाची निर्मिती केली आहे.

'झिम्मा' चित्रपटाला मिळणाऱ्या प्रचंड प्रतिसादाबद्दल दिग्दर्शक हेमंत ढोमे म्हणतात, '' सर्वप्रथम 'झिम्मा'ला मिळत असणाऱ्या प्रेमाबद्दल मी सर्व मराठी प्रेक्षकांचे आभार मानतो. त्यांच्या या पाठिंब्यामुळे एक प्रकारचे बळ मिळाले आहे. या चित्रपटाला मिळणाऱ्या प्रतिसादामुळे प्रेक्षकांचे मराठी चित्रपटसृष्टीवर किती प्रेम आहे, हे पुन्हा एकदा अधोरेखित झाले. विशेष म्हणजे शासनाच्या नियमांनुसार पन्नास टक्के सीट्सची परवानगी असूनही कोरोनाबद्दलच्या भीतीवर मात करत, प्रेक्षक चित्रपटगृहांमध्ये येऊन चित्रपटाचा आनंद घेत आहेत.’’

ESDS Software Solution Limited has been honored among Top 75 India’s Best Workplaces in IT & IT-BPM 2021

 ESDS Software Solution Limited has been honored among Top 75 India’s Best Workplaces in IT & IT-BPM 2021

23rd November 2021: ESDS Software Solution is pleased to share it has been recognized in the top 75 among India’s Best Workplaces in the IT and IT-BPM sector 2021. This year around 263 organizations were assessed from IT & IT-BPM sector across India. Based on the feedback from hundreds of organization’s employees and evaluation, this award of recognition has been organized.  

 

The Nashik based IT firm recently was awarded among the Top 50 Large Indian’s Best Workplaces for Women 2021. The Mission People HR and Happiness Teams at ESDS have constantly been endeavoring to be at the top of their game to ensure a safe, happy and thriving work culture. With the help of activities and programs such as educational seminars, webinars, various learning sessions to expand the knowledge pool of the teams, held at the organization. Be it birthdays, festivals or any achievement big or small are celebrated with joy and enthusiasm at ESDS across offices. 

 

“To be a great place to work for all ESDSians is a measure of success for us”, said, Piyush Somani, MD and Chairman, ESDS. We take pride in receiving this honor from the GPTW. It is our constant endeavor to make our employees at all levels feel they are heard and valued. ESDS was started with the very intention of making the workplace where every team member feels they are respected and happy. Since then, we have earnestly aimed to adhere to this intention and earning this recognition makes us believe that we are on the right path.”

 

Expressing his views on the win, Chief Human Resource Officer, Dr. Chandra Mauli Dwivedi, from ESDS said, “Receiving this award from the GPTW is exciting and rewarding. The Mission People HR and Happiness teams are constantly looking and working on opportunities to bring more fun and enthusiasm to the office. At ESDS we believe in growing together, and supporting all ESDSians to grow and flourish has been our cultural motivation. This award has inspired us to do more and better for all our fellow ESDSians every day.” 

'प्लॅनेट मराठी'ने रोवला मराठी मनोरंजनाचा झेंडा अटकेपार 'एक्स्पो२०२० दुबई युएई'मध्ये ‘गोष्ट एका पैठणीची’चा प्रिमिअर, ‘सहेला रे’चा टीझर लॅान्च

 

'प्लॅनेट मराठी'ने रोवला मराठी मनोरंजनाचा झेंडा अटकेपार

'एक्स्पो२०२० दुबई युएई'मध्ये ‘गोष्ट एका पैठणीची’चा प्रिमिअर, ‘सहेला रे’चा टीझर लॅान्च 

मराठीतील पहिलेवहिले ओटीटी प्लॅटफॉर्म ठरलेल्या 'प्लॅनेट मराठी'ने आपला झेंडा अटकेपार रोवला असून याचे निमित्तही तितकेच खास आहे. १९ नोव्हेंबर ते २७ नोव्हेंबर दरम्यान दुबईमध्ये महाराष्ट्र शासनाच्या सांस्कृतिक विभागाच्या वतीने 'एक्स्पो२०२० दुबई युएई' हा सोहळा आयोजित करण्यात आला आहे. या सोहळ्यात २० नोव्हेंबर रोजी इंडियन पव्हेलियनमध्ये 'प्लॅनेट मराठी'च्या 'सहेला रे' या वेबफिल्मचा टीझर लॉन्च करण्यात आला तर ‘गोष्ट एका पैठणीची' या चित्रपटाचा प्रिमिअरही दाखवण्यात आला. या सोहळ्याला महाराष्ट्र शासनाचे  सांस्कृतिक विभागमंत्री श्री. अमित देशमुख आणि सचिव आय.ए.एस श्री. सौरभ विजय तसेच महाराष्ट्र शासनाच्या चित्रपट-नाटक व सांस्कृतिक विकास विभागाचे व्यवस्थापकीय संचालक आय.ए.एस श्री. कैलाश पगारे आणि संयुक्त व्यवस्थापकीय संचालक आय.ए.एस श्री. कुमार खैरे उपस्थित होते. 

       यावेळी अमित देशमुख यांनी प्लॅनेट मराठी ओटीटीवरील कन्टेन्टची प्रशंसा करत पुढील वाटचालीसाठी शुभेच्छा दिल्या तसेच मनोरंजन क्षेत्रात विविध संधी उपलब्ध करून देण्याचे आश्वासनही दिले. 

 ‘विस्टास मीडिया कॅपिटल कंपनी’चे सहकार्य असलेल्या 'प्लॅनेट मराठी' चा जगभरात असलेल्या सर्व मराठी प्रक्षकांपर्यंत दर्जेदार आशय असलेले मनोरंजनात्मक कार्यक्रम पोहोचवण्याचा मानस आहे. याच कामगिरीमुळे प्लॅनेट मराठीला दुबईमध्ये आयोजित करण्यात आलेल्या ‘ॲचिवर्स अवॅार्ड’ मध्ये ‘प्रॅामिसिंग रिजनल ओटीटी अवॅार्ड’ने सन्मानित करण्यात आले. 

'एक्स्पो२०२० दुबई युएई'तील सहभागाबद्दल 'प्लॅनेट मराठी ओटीटी'चे सर्वेसर्वा अक्षय बर्दापूरकर म्हणतात, ''प्रेक्षकांना सर्वोत्कृष्ट कन्टेन्ट देण्यासाठी 'प्लॅनेट मराठी' नेहमीच प्रयत्नशील असते. समृद्ध आणि वैभवशाली  मराठी भाषेला सातासमुद्रापार पोहोचवण्याच्या दिशेने टाकलेले हे एक पाऊल आहे.  'एक्स्पो२०२० दुबई युएई' सारख्या आंतरराष्ट्रीय स्तरावरील सोहळ्यात 'प्लॅनेट मराठी'ची निर्मिती असलेल्या 'गोष्ट एका पैठणीची' या चित्रपटाचा प्रिमिअर आणि 'सहेला रे' या वेबफिल्मचे टीझर लॉन्च होणे ही आमच्यासाठी अभिमानाची गोष्ट आहे. 'प्लॅनेट मराठी ओटीटी' प्लॅटफॉर्मवर प्रदर्शित होणाऱ्या प्रत्येक चित्रपटाचा तसेच वेबसिरीजचा आशय, मांडणी खूप वेगळी असते. येथे लहानांपासून मोठ्यांपर्यंत सर्वांसाठी मनोरंजनाचा खजिना उपलब्ध आहे. मराठी प्रेक्षकांचे भरभरून मनोरंजन करण्यासाठी आणि मराठी भाषा सातासमुद्रापार पोहोचवण्यासाठी 'प्लॅनेट मराठी ओटीटी' कायमच कटिबद्ध आहे.''

Mumbai-based Jesons Industries files DRHP with Sebi for IPO

 Mumbai-based Jesons Industries files DRHP with Sebi for IPO

Jesons Industries, one of leading manufacturers of specialty coating emulsions (“SCE”) and water based pressure sensitive adhesives (“PSA”) in tape and label segments in terms of sales in India, with a 30% market share as a leading SEC supplier to the Indian Paint Sector has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.

As per market sources, the issue size will be in the range of Rs 800-900 crore.

The Mumbai-based company's IPO comprises equity shares of face value of Rs 5 each comprising a fresh issue aggregating up to Rs 120 crore, a reservation of up to 77,000 equity shares for employees and an offer for sale of up to 12,157,000 equity shares, by Dhiresh Shashikant Gosalia, a promoter entity, with 86.53 percent pre-offer equity share capital in the company, according to the draft red herring prospectus (DRHP).

Proceeds from the fresh issuance of shares will be used to extent of Rs 90 crore to repay/prepay in full or part, of borrowings availed by its subsidiary besides general corporate purposes.

Additionally, the company, in consultation with the lead bankers to the issue may consider a further issue of equity shares including a private placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced.

At present, Individual Promoters Madhavi Dhiresh Gosalia, Ravina Gaurav Shah, Jhelum Dhiresh Gosalia, Usha Shashikant Gosalia, Madhuri Madhusudan Mehta and Parul Rajesh Mody combined holds 13.47% stake in the company.

It has one of largest range of products in SCEs and PSAs product categories according to the F&S report represented in its DRHP. Its products are used in various end user industries, such as paints, packaging, and chemicals for construction, textiles, leather, carpet and paper.

The company has a strong foothold in high-growth markets across Asia-Pacific, Middle East and Africa, for both SCE and PSA products and one of the largest exporter of Polymers of Vinyl Acetate and Acrylic Polymers which are used in SCEs and PSAs, from India in Fiscal 2021. It has exported 6,687 tons of Polymers of Vinyl Acetate and 38,888 tons of Acrylic Polymers during Fiscal 2021, which is 52.9% and 36.1% respectively of the total export of the same from India.

In the absence of direct listed comparable peers, Jesons Industries has been compared on the basis of products properties, end customer profile and export mix and scale, with Apcotex Industires Ltd, Fine Organic Industries Ltd, BASF India Ltd, Galaxy Surfacants Ltd, Aarti Industries Ltd, Vinati Organics Ltd in the listed space.

Jesons supplies its SCE and PSA products to various reputed players in the domestic paint industry such as Berger Paints, Indigo Paints, Kamdhenu Paints, JSW Paints, Nippon Paints, Shalimar Paints, Cosmos Twisters, Cellotape, Mexim Adhesives, Sarvodaya Industries, Storm Infracon, and SMI Coated Products, and from the global paints industry such as Apollo Paints, Kansai Nerolac, Moon Star Paints, Caparol Paints, Lalan Printing and Packaging, Tuftape, Well Accessories, and Western Paper Industries. Further, it also supplies SCE products to various players in the construction chemicals industry such as Forsoc Chemicals, SIKA India.

Its revenues from operations increased by 20.45% from Rs 901.37 crore in fiscal 2020 to Rs 1,085.72 crore in fiscal 2021 primarily includes revenue from supply of manufactured products in domestic as well as export markets, trading of raw materials, and other operating income, while its net profit jumped 213.25% to Rs 29.65 crore for fiscal 2021 from Rs 92.88 crore for fiscal 2020.

Axis Capital Limited, and JM Financial Limited are the book running lead managers to the issue, while Link Intime will be the registrar.

 

 

’पांडू'ने दिल्या 'झिम्मा'ला शुभेच्छा

 

’पांडू'ने दिल्या 'झिम्मा'ला शुभेच्छा

          मराठी चित्रपटसृष्टी एका मोठ्या कुटुंबासारखी आहे. चित्रपटसृष्टीतील कलाकार एकमेकांना नेहमीच आधार आणि प्रोत्साहन देत असतात. असाच एक अनुभव नुकताच आला. मल्टीस्टारर 'झिम्मा' हा चित्रपट १९ नोव्हेंबरला प्रदर्शित होतोय. 'झिम्मा'च्या टीमने 'पांडू' चित्रपटाच्या संपूर्ण टीमसाठी 'झिम्मा' चित्रपटाचा खास शो आयोजित केला होता. 'पांडू'च्या टीमला 'झिम्मा'चित्रपट खूप आवडला आणि त्यांनी दिग्दर्शक तसेच त्यातील सर्व कलाकारांच्या कामाचे भरभरून कौतुक केले. 'पांडू' चित्रपटाच्या टीमने 'झिम्मा'ला शुभेच्छा दिल्या. लॉकडाऊननंतर चित्रपटगृहे प्रेक्षकांसाठी खुली झाली असून अनेक चित्रपट प्रदर्शित होत आहेत. त्यातच 'झिम्मा' तसेच 'झी स्टुडिओज' प्रस्तुत 'पांडू' असे दर्जेदार चित्रपट प्रेक्षकांच्या भेटीला येत आहेत. 'झिम्मा' चित्रपटाचा  ट्रेलर तसेच गाण्यांना मिळणाऱ्या प्रेक्षकांच्या प्रतिसादाप्रमाणेच चित्रपटलादेखील प्रेक्षकांचे भरभरून प्रेम मिळेल अशी आशा आहे. 'झी स्टुडिओज'सारख्या नावाजलेल्या कंपनीने 'झिम्मा'ला भरभरून शुभेच्छा आणि पाठिंबा दर्शवला आहे. 

            'झिम्मा' चित्रपटाचे लेखन इरावती कर्णिक यांनी केले असून छायाचित्रीकरण संजय मेमाणे यांनी केले आहे. 'चलचित्र कंपनी' प्रस्तुत 'अमेय विनोद खोपकर एंटरटेनमेंट' आणि 'क्रेझी फ्यू फिल्म्स' निर्मित 'झिम्मा' या चित्रपटाचे दिग्दर्शक हेमंत ढोमे असून सुहास जोशी, निर्मिती सावंत, सुचित्रा बांदेकर, क्षिती जोग, सोनाली, सायली संजीव, मृण्मयी गोडबोले, सिद्धार्थ चांदेकर यांच्या प्रमुख भूमिका आहेत. क्षिती जोग, स्वाती खोपकर, अजिंक्य ढमाळ, विराज गवस, उर्फी काझमी, सनी शाह यांनी या चित्रपटाची निर्मिती केली आहे. 

'पांडू' चित्रपटाच्या मिळणाऱ्या पाठिंब्याबद्दल 'झिम्मा' चित्रपटाचे दिग्दर्शक हेमंत ढोमे सांगतात, '' दोन मराठी चित्रपटांनी एकमेकांचे पाय न ओढता एकमेकांच्या पाठीशी खंबीरपणे उभे राहणे ही अभिमानास्पद गोष्ट आहे. अभिमानास्पद यासाठी कारण हिंदी चित्रपटसृष्टीत हे सहसा दिसत नाही. हे केवळ मराठीतच होऊ शकते. 'झी स्टुडिओ'ने नेहमीच मराठी चित्रपटांना आधार दिला आहे. त्यांच्या पाठिंब्यामुळे वेगळे बळ मिळाले आहे. लॉकडाऊननंतर मराठी चित्रपटसृष्टीचा नव्याने प्रवास सुरु होतोय. या प्रवासात प्रेक्षकांची साथ महत्वाची आहेच. मराठी मनोरंजनसृष्टीचा सोहळा सुरु झाला असून हा आनंद अनुभवण्यासाठी या सोहळ्यात मराठी रसिक प्रेक्षक नक्कीच सामील होतील.''

Financial Results for Q2FY22 of Fino Payments Bank

 

Financial Results for Q2FY22 of Fino Payments Bank

 

Revenue growth of ₹242 crore in Q2FY22, a jump of  35% YOY; PAT soars by 74% YOY to ₹7.89 crore

 

The Board of Directors of Fino Payments Bank Limited at its meeting on Saturday, November 13, 2021, approved the financial statements accounts of the Bank for the quarter ended September 30, 2021. The accounts have been subjected to an audit by the statutory auditors of the Bank.

 

Highlights: ü  Revenue grew by  35% YOY on the back of a growth of 32% in transaction revenue, 43% in subscription income and 35% in open banking ü  New Current and Savings Accounts opened during the quarter jumped by 56% YOY ü  UPI throughput grew by a whopping 403% to ₹ 5,854 crore in H1FY22 over H1FY21 ü  Profit After Tax (PAT) grew by 74% year-on-year to ₹ 7.89 crore in Q2FY22 ü  Annualised Return on Equity (RoE) of Q2FY22 is at 20% ü  CASA subscription revenue grew by 78.3% YOY while subscription yield increased from ₹402 per account in Q2FY21 to ₹481 per account in Q2FY22

 

Performance for the quarter ended September 30, 2021

 

Rishi Gupta, CEO & Managing Director said, “Our growth momentum in transaction volumes and throughput continues to be strong. Consumer behaviour towards convenience banking is gaining impetus. To add to that, traction on our UPI platform is also heartening as it reinstates our belief of digitization as the future of India. Our endeavour is to digitally include all Indians in the financial ecosystem. I thank our customers, business partners, all our merchants, investors and colleagues for continued and valuable support as we embark on a new path.”

 

Ketan Merchant, Chief Financial Officer said, “Investment in technology and operating leverage is beginning to yield results. Our strategy to focus on growth resulted in ramp up our feet on street teams, however our revenue per employee has grown in Q2FY22 resonating our philosophy of focus on  growth and profitability. With an annualised ROE of 20% in Q2FY22, our model is poised for long term outperformance. Alongside growth in our existing businesses, our digital journey in Fino 2.0 will help us tap a massive potential of cross sell in the near future.”  

 

Financial Performance Highlights during the quarter ended September 30, 2021

 

Fino has a mantra of DTP- Distribution- Technology and Partnerships.

 

Riding on its pan India merchant network of more than 8 lakh banking points, the fintech recorded revenue of ₹ 242.15 crore, a YOY growth of 35%.

 

In Q2FY22, 13 new partners were onboarded in cash management services (CMS)/ payment services resulting in total CMS clients at 110 (86% YOY growth) as at September 2021 end.

 

The bank’s focus on transactions helps capitalise on the opportunities that would arise as banking adoption in emerging India market increases and the economy gains momentum.

 

Growth products for FPB were subscription based CASA wherein revenue in Q2FY22 grew by  78.3% YOY and CMS wherein revenue in Q2FY22 grew by 89.9% YOY.

 

Total operating expenses including product costs grew by 36% YOY in Q2FY22, primarily due to increase in product costs and manpower costs on account of ramping up of feet on street team.

 

The Profit After Tax (PAT) grew by 74% YOY to ₹ 7.89 crore in Q2FY22 from ₹ 4.52 crore in Q2FY21. 

*'मोगलमर्दिनी छत्रपती ताराराणी' ठरणार जगातील पहिला मराठी हॉलिवूड चित्रपट*

*'मोगलमर्दिनी छत्रपती ताराराणी' ठरणार जगातील पहिला मराठी हॉलिवूड चित्रपट*

*‘प्लॅनेट मराठी’चा हा चित्रपट मराठी तसेच इंग्रजी भाषेत होणार चित्रित*

 'प्लॅनेट मराठी’चे संस्थापक अक्षय बर्दापूरकर आणि 'गोल्डन रेशियो फिल्म्स' यांच्या प्रयत्नातून युनायटेड किंगडम मधील नावाजलेल्या 'ब्लॅक हँगर स्टुडिओ' ज्यांनी याआधी साय-फाय चित्रपट केले आहेत ज्यात बॅालिवूडच्या ‘रा वन’या चित्रपटाचाही समावेश आहे, ही चित्रपट निर्मिती संस्था आणि 'ओरवो स्टुडिओ' आता 'मोगलमर्दिनी छत्रपती  ताराराणी' या चित्रपटाच्या माध्यमातून मराठीमध्ये पदार्पण करत आहेत. तेही ऐतिहासिक चित्रपटातून. चित्रीकरण आणि तांत्रिक बाबी देखील लंडनमध्येच होणारा ‘मोगलमर्दिनी छत्रपती ताराराणी’ हा पहिला मराठी चित्रपट ठरणार आहे. हा चित्रपट मराठी तसेच इंग्रजी भाषेत चित्रित होणार असल्याने आता छत्रपती ताराराणींची शौर्यगाथा सातासमुद्रापार पोहोचणार आहे. उत्तम दर्जाचे व्हीएफएक्स आणि ग्राफिक्स असणाऱ्या या चित्रपटातून मराठी प्रेक्षकांना महाराष्ट्राचा गौरवशाली इतिहास मोठ्या पडद्यावर अनुभवता येणार आहे. आपल्या प्रेक्षकांच्या मनोरंजनाची जबाबदारी सक्षमपणे पेलणाऱ्या 'प्लॅनेट मराठी’च्या प्रयत्नामुळे मराठी चित्रपटसृष्टी अधिक समृद्ध होणार आहे. 

छत्रपती शिवाजी महाराजांनी निर्माण केलेल्या स्वराज्याला अबाधित राखण्याचे काम त्यांच्या निधनानंतर अनेक छत्रपतींनी केले. पण या स्वराज्य रक्षणाच्या कार्यात महत्वाच्या ठरतात त्या छत्रपती ताराराणी.  त्या वेळेच्या जाचक पुरुषप्रधान संस्कृतीला छेद देत मुघल, निजामशाही, कुतुबशाही, आदिलशाही, डच, इंग्रज, पोर्तुगीज, सिद्धी या सत्तांविरूद्ध त्यांनी निकराचा लढा दिला. अशा या महाराष्ट्राच्या दैदिप्यमान इतिहासात कर्तृत्व गाजवणाऱ्या छत्रपती ताराराणींवर आधारित 'मोगलमर्दिनी छत्रपती  ताराराणी' हा चित्रपट २०२२ च्या दिवाळीमध्ये प्रेक्षकांच्या भेटीला येणार आहे. डॉ. जयसिंगराव पवार लिखित 'मोगलमर्दिनी महाराणी ताराराणी' या चरित्रग्रंथावर आधारित या चित्रपटाची कथा, पटकथा आणि संवाद डॉ. सुधीर निकम यांचे असून राहुल जनार्दन जाधव यांनी या चित्रपटाचे दिग्दर्शन केले आहे.  औरंगजेब सारख्या क्रूर आणि निष्ठूर राज्यकर्त्याला यमसदनी पाठवणाऱ्या छत्रपती ताराराणींची व्यक्तिरेखा मराठीतील आघाडीची अभिनेत्री सोनाली कुलकर्णी साकारत आहे. या चित्रपटाला अवधूत गुप्ते यांनी संगीत दिले आहे. 

'मोगलमर्दिनी छत्रपती  ताराराणी' या चित्रपटाबद्दल 'प्लॅनेट मराठी'चे प्रमुख, ''संस्थापक अक्षय बर्दापूरकर म्हणतात, '' मराठी चित्रपटांना अधिक दर्जेदार बनवण्याचा 'प्लॅनेट मराठी'चा नेहमीच प्रयत्न राहिला आहे. मराठी चित्रपटांची आंतरराष्ट्रीय स्तरावर नोंद घेतली जावी, या दृष्टीने आमचा कायम प्रयत्न असतो. छत्रपती शिवाजी महाराजांनंतर स्वराज्य अबाधित राखण्यात सिंहाचा वाटा असूनही छत्रपती ताराराणींबद्दल लोकांना इतकी माहिती नाही. त्यांचे धाडस आणि शौर्य असामान्य आहे. त्यांची ही वीरगाथा लोकांसमोर आणण्याचा 'प्लॅनेट मराठी'चा हा प्रयत्न आहे. महाराष्ट्राचा इतिहास सातासमुद्रापार संपूर्ण जगाला कळावा, यासाठी या चित्रपटाची संपूर्ण टीम खूप मेहनत घेत आहे.''

Anuradha Paudwal performs at ‘Ganga Utsav 2021 – The River Festival’

Anuradha Paudwal performs at ‘Ganga Utsav 2021 – The River Festival’

Anuradha Paudwal, who has been the voice behind some popular and melodious Bollywood tracks like ‘Bahut Pyaar Karte Hain’, Mujhe Neend Na Aaye’ and many others performed at the most scared festival of India, Ganga Utsav 2021 – The River Festival.

"It is my honour to perform at The River Festival. Keeping our Indian traditions alive should be our priority“ says Anuradha Paudwal

Through the songs, she expressed her best wishes to the Prime Minister’s call for River Festival and Union Minister for Jal Shakti, Gajendra Singh Shekhawat. The songs she sang had her signature, positive and divine vibe. She inspired the youth to stay rooted to their culture.

The Utsav celebrates the mystical and cultural river Ganga through storytelling, folklore, dialogues with eminent personalities, quizzes, displaying traditional artforms, dance and music performances by renowned artists, photo galleries and exhibitions and much more. Celebrating the glory of the holy river Ganga, this year the Utsav was also appreciated living and practised cultural richness along river Ganga.

खेळेन तर एकटीच नाहीतर गेम सोडेन - गायत्री दातार

 खेळेन तर एकटीच नाहीतर गेम सोडेन - गायत्री दातार

'बिगबॉस 3' च्या घरातील स्पर्धा दिवसेंदिवस अधिकच आव्हानात्मक होऊ लागली आहे. 'बिगबॉस 3' मधील सर्वच स्पर्धक ताकदीचे आहेत. आता गायत्री दातारही तगडी झुंज देताना दिसत आहे. स्पर्धकांचे चाहते त्यांना ‘चुगली बूथ’च्या माध्यमातून उत्तम खेळण्यास मदत करत आहेत.  तसेच त्यांना योग्य तो सल्ला देऊन सावधही करत आहेत. गायत्रीही उत्तम खेळताना दिसत आहे. तिच्या खेळण्यावर बाकीच्या स्पर्धकांच्या सूचनांचा प्रभाव होत असल्याचे तिच्या चाहत्यांनी ‘चुगली बुथ’च्या माध्यमातून तिला सांगितले. 'बिगबॉस 3'चे सूत्रसंचालक महेश मांजरेकर यांनीही अगोदर दुसऱ्यांच्या विचारांनी प्रभावित न होता स्वतःचा खेळ खेळण्याचे गायत्रीला सांगितले होते. याचा तिने गांभीर्याने विचार केला असता ही गोष्ट तिच्याही लक्षात आली. स्वतःचे मत असूनही दुसऱ्यांच्या बोलण्याचा आपल्या निर्णयांवर, खेळावर परिणाम होऊ शकतो, हे आता तिच्या लक्षात आले आहे. आता कोणाच्याही बोलण्याचा स्वतःवर प्रभाव होऊ न देता,  कुणाचेही न ऐकता फक्त स्वतःच्या विचारांनी खेळण्याचे तिने ठरवले आहे. यामुळे गायत्री दातारची पुढील खेळी पाहणे उत्साहाचे ठरणार आहे. गायत्रीच्या या निर्णयामुळे गायत्री, मीरा, जय या त्रिकुटाची मैत्री यापुढे अशीच राहणार का? असा प्रश्नही प्रेक्षकांना पडला आहे.

S.J.S. Enterprises’ IPO Retail portion fully subscribed on Day 2

 S.J.S. Enterprises’ IPO Retail portion fully subscribed on Day 2

Mumbai, November 2, 2021: SJS Enterprises Limited ("Company"), one of the leading players in the Indian decorative aesthetics industry in terms of revenue in fiscal 2020, received bids of 53,87,877 shares against the offered 1,05,46,140 equity shares, as per the 5:00 pm data available on the bourses.

Retail investors showed interest in the IPO as the portion set aside and fully subscribed. The reserved portion of non-institutional investors witnessed a subscription of 0.06 times. Qualified institutional investors are yet to bid for subscriptions. Issue was subscribed 0.51 times.

The initial public offering is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.

Key brokerage houses like ICICI Direct, Canara Bank Securities and HEM Securities have given recommendations of "Subscribe" to the issue for long term perspective while highlighting the key strengths of the company like (a) Long standing customer relationship (b) Advanced technology products (c) Strong manufacturing capabilities and (d) Strong innovation and product design. SJS Enterprises ltd is one of the leading players in the INR 19 billion Indian decorative industry. Furthermore, the company is a design to delivery aesthetics solution provider with strong manufacturing footprint and global distribution capabilities.

As per Crisil Research, the size of the decorative aesthetic market in India catering to OEMs was at ~| 1,990 crore in FY21, with 2-W, PV & consumer durables comprising 52-54%, 37-39% and 8-10% of demand, respectively. Globally, the decorative aesthetics industry for major PV markets like US & EU was at US$2.7 billion in CY19, as per Crisil Research. The primary drivers of this growth are emanating from increasing demand for aesthetics from 2 wheelers, passenger vehicles and consumer durables.

Axis Capital Limited, Edelweiss Financial Services Limited, and IIFL Securities Limited are the Book Running Lead Managers (“BRLMs”).

Company Information

The Company is one of the leading decorative aesthetics suppliers with the widest product coverage across decorative aesthetics pertaining to major vehicle segments such as two-wheelers, passenger vehicles and consumer durables (source: CRISIL Report). In addition, it also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries (source: CRISIL Report). The Company has supplied over 115 million parts with more than 6,000 stock keeping units in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries.

 

The Company designs, develops and manufactures aesthetic products i.e., decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes, overlays, aluminium badges, in-mold label or in-mold decorations, lens mask assembly and chrome-plated, printed and painted injection moulded plastic parts.

 (Subscription table below)

’झिम्मा' चित्रपटातून गवसणार नभाच्या पल्ल्याडचं ‘माझे गाव'

 ’झिम्मा' चित्रपटातून गवसणार नभाच्या पल्ल्याडचं ‘माझे गाव'

'झिम्मा' चित्रपटाच्या शीर्षक गीताला प्रेक्षकांचा प्रचंड प्रतिसाद मिळत आहे. 'झिम्मा'च्या टिझरमुळे चित्रपटाविषयी प्रेक्षकांमध्ये निर्माण झालेली उत्सुकता शीर्षक गीताच्या प्रदर्शित होण्याने अधिकच वाढली आहे. कधी एकदा 'झिम्मा' चित्रपट पाहता येईल याची प्रेक्षक आतुरतेने वाट पाहत आहेत. असे असतानाच ''माझे गाव'' हे अतिशय वेगळ्या धाटणीचे गाणे सोशल मीडियावर झळकले आहे. या गाण्याला अमितराज यांनी संगीत दिले असून अपेक्षा दांडेकर यांनी हे गाणे गायले आहे. ''कुठल्या नभाच्या पार आहे माझे गाव'' असे या गाण्याचे शब्द असून हे गाणे प्रत्येकाला अंतर्मुख करायला लावते. हे गाणे ऐकताना आपले मन अतिशय शांत होते. विचारांचा वेग मंदावतो आणि ओठांवर मंद हास्य उमटते. ही या गाण्याची जादू आहे. हेमंत ढोमे दिग्दर्शित ‘झिम्मा’ चित्रपट १९ नोव्हेंबरला सर्व चित्रपटगृहांमध्ये प्रदर्शित होत आहे.

           'चलचित्र कंपनी' प्रस्तुत 'अमेय विनोद खोपकर एंटरटेनमेंट' आणि 'क्रेझी फ्यू फिल्म्स' निर्मित 'झिम्मा' या चित्रपटात सिद्धार्थ चांदेकर, निर्मिती सावंत, सुहास जोशी, सुचित्रा बांदेकर, क्षिती जोग, सोनाली, सायली संजीव, मृण्मयी गोडबोले यांच्या प्रमुख भूमिका आहेत. वेगवेगळ्या वयोगटाच्या आणि एकमेकींना पूर्णपणे अनोळखी असलेल्या स्त्रिया मनमुराद जगण्यासाठी काही काळ जबाबदाऱ्या बाजूला ठेवत इंग्लंड ला जातात आणि मग काय धम्माल होते, हे लवकरच प्रेक्षकांना ‘झिम्मा’मधून पाहायला मिळणार आहे. या चित्रपटाचे लेखन इरावती कर्णिक यांनी केले असून छायाचित्रीकरण संजय मेमाणे यांनी केले आहे. क्षिती जोग यांच्यासोबत स्वाती खोपकर, अजिंक्य ढमाळ, विराज गवस, उर्फी काझमी, सनी शाह यांनी या चित्रपटाची निर्मिती केली आहे.

Profitable Fintech, Fino Payments Bank’s IPO subscribed 87% on Day 2: Retail portion booked 4.65 times

 

Profitable Fintech, Fino Payments Bank’s IPO subscribed 87% on Day 2: Retail portion booked 4.65 times

Mumbai, November 01, 2021: Fino Payments Bank Limited (“Company”); one of the growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus, received bids of 99,90,600 shares against the offered 1,14,64,664 equity shares, as per the 5:00 pm data available on the bourses.

The initial public offering of Fino Payments Bank witnessed strong retail investor interest on the second day of subscription as well. Demand from non-institutional counterparts, too, picked up.

The portion reserved for retail investors was subscribed 4.65 times, employee portion was subscribed 0.56 times and the Non-Institutional Investor category was subscribed 0.10 times, while Qualified Institutional Buyer category didn’t see any response on Day 2. The Issue was subscribed 0.87 times.

The Offer comprises of a fresh issuance of Equity Shares aggregating up to ₹ 300 crores (“Fresh Issue”) and an offer for sale of up to 15,602,999 Equity Shares by Selling Shareholders.

Axis Capital Limited, CLSA India Private Limited, ICICI Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead manager to the Offer (“BRLM”)

Brokerage Houses like Ventura, Hem Securities, Nirmal Bang, Marwadi Share & Finance Ltd. etc. give a call to “SUBSCRIBE”.

Payments banks and fintechs have been increasing their presence and reach by increasing touch points through retail outlets which have a widespread presence in India. In India, the private final consumption expenditure (PFCE) was 58% of GDP in financial year 2021 at Rs. 116 trillion and India’s retail spending on goods was at ~50% of its private consumption.

Fintechs today are on top of the mind of traditional financial institutions as they watch traditional business models change, and increasingly deliberate whether to collaborate or compete withfintech. Digital payments landscape has the highest number of fintechs in India and now other financial segments like lending, insurance, wealth are also attracting fintechs.

Fino have a strong leadership position within the Indian fintech industry, as it was ranked third among banks in facilitating digital transactions, as of February 2020 by the Ministry of Electronic & Information Technology; and had the largest network of micro-ATMs, as of August, 2021. It is also the only payments bank to offer a subscription-based savings account in India. The unique framework of distribution, technology and partnership (the “DTP” framework) enables it to serve its target market efficiently and is used to overcome and/or achieve improvements on 3 key challenges associated with serving its target market - scale, service and sustainability.

Company Information

 

Fino Payments Bank is a fully owned subsidiary of Fino Paytech which had last raised funds in 2016. Fino Paytech is backed by marquee investors like Bharat Petroleum, ICICI group, Blackstone, IFC, Intel and LIC among others. Frugal innovation is the key that has given fintech a leadership position at the