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 

S.J.S. Enterprises’ IPO sees constructive response from retail investors; Issue subscribed 32% on Day 1

 S.J.S. Enterprises’ IPO sees constructive response from retail investors;

  Issue subscribed 32% on Day 1

Mumbai, November 1, 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 34,05,348 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 for them was subscribed 0.64 times. The reserved portion of non-institutional investors witnessed a subscription of 0.01 times. Qualified institutional investors are yet to bid for subscriptions.

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.

The Company raised Rs. 240 crores through the Anchor Book from 14 investors. The Company informed the bourses that it has allocated 44,28,043 equity shares at Rs. 542/- per share on Friday, October 29^th, 2021, to anchor investors.

Multiple Foreign Portfolio Investors had participated in the anchor including Goldman Sachs India Equity Portfolio, Macquarie Unit Trust Series- Macquarie Asia New Stars Fund, Macquarie Fund Solutions - Macquarie Asia New Stars Fund amongst others. These investors were allocated 15,22,222 equity shares amounting to approximately Rs. 83 crores i.e., 34% of the total Anchor Book size.

6 Domestic Investors had participated in the anchor including 3 mutual funds across 6 schemes, 1 AIF and 2 life insurance companies) and were allocated a total of 29,05,821 shares amounting to approximately Rs. 157 crores i.e., 66% of the total Anchor Book size. These included Axis Mutual Fund, Franklin Templeton Mutual Fund, Aditya Birla Sun Life Insurance Company, Aditya Birla Sun Life Mutual Fund , Avendus, Edelweiss Tokio Life Insurance Company.

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)

 

DMI Finance Partners with Reliance Retail

 

DMI Finance Partners with Reliance Retail

1^st November 2021:  DMI Finance Private Limited (“DMI”) today announced its partnership with Reliance Retail Limited to provide a first-of-its-kind suite of digital finance options for Reliance Retail consumer electronics customers across India.

 

Through a completely paperless digital journey, DMI will offer financing solutions to Reliance Retail consumer electronics customers at merchant locations across India. This partnership will kick-off with loans for the newly-launched JioPhone Next by Reliance Retail.

 

This transformational partnership brings to all Reliance Retail customers an end-to-end paperless journey that will provide instant, flexible, and affordable EMI options. The loan tenor for the JioPhone Next will be 18 and 24 months.

 

The spokesperson at DMI said: “In todays world, a smartphone is not just a consumer product, but a tool for financial inclusion at large. We, at DMI, are proud to partner with Reliance Retail to provide financing for a range of consumer electronics starting with the JioPhone Next, that will enable access to a digital life for hundreds of millions of Indians and bring them a step closer to realizing their dream of a more prosperous future.”

Paytm IPO to open on November 8, 2021 at price band of Rs. 2080-2150 per share

Paytm IPO to open on November 8, 2021 at price band of Rs. 2080-2150 per share

Mumbai, 1st November, 2021: The Rs.18,300 crore IPO of Paytm, One97 Communications, the parent entity of digital payments firm Paytm, will open on Monday, November 8, 2021, and will be available for subscription till Wednesday, November 10, 2021.

The price band of the IPO has been fixed at Rs. 2,080-2,150 per share of the face value of Rs 1 each.  Last week, the company had received a go-ahead from markets regulator Sebi.

The digital payments giant aims to raise Rs. 18,300 crores through the offer. The company has increased its IPO size by Rs. 1,700 crore from the earlier Rs. 16,600 crore, with the increment coming entirely from the existing shareholders selling more stake.

The Paytm IPO comprises a fresh issue of equity shares worth Rs. 8,300 crore and an offer for sale (OFS) worth Rs. 10,000 crore by existing shareholders including its founder Vijay Shekhar Sharma along with Ant Financials, Alibaba, Elevation Capital, and SAIF III Mauritius Company, Saif Partners, as per the information provided in the red herring prospectus (RHP) available on the National Stock Exchange (NSE).

At Rs. 18,300 crore, Paytm’s IPO will topple the IPO of state-run Coal India as the largest ever in the country. Coal India had raised Rs. 15,000 crores in 2010.

Investors who wish to subscribe to Paytm’s IPO can bid in the lot of six equity shares and multiples thereof, as per its newspaper advertisement to Financial Express. At the upper price band, they will have to shell out Rs.12,900 to get a single lot of One 97 Communications. The shares will be listed on both BSE and NSE.

The Paytm IPO will have 75 per cent reserved for qualified institutional buyers (QIBs) and 15 per cent will be reserved for non-institutional investors (NIIs). The remaining 10 per cent of the issue will be available for retail investors.