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IPO Issue

IPO Analysis: MSTC

MSTC, which was earlier knows as Metal Scrap Trading Corporation is a Mini Ratna category- I PSU company. It is entering the capital market to raise around Rs 226 crore at the upper band and at the lower band, it will raise around Rs 213 crore.

IPO Analysis : Dinesh Engineers

The IPO of Dinesh Engineers is opening for subscription from September 28 to October 3, 2018. The company is offering 100 lakh equity shares with face value of Rs 10 each. The issue size is Rs 185 crore and the issue price band is between Rs 183-185 per share. The minimum lot size is 80 shares. Post allotment, the company will get listed on both BSE and NSE.

IPO Analysis : Aavas Financiers

Aavas Financiers plans to raise up to Rs. 1734 cr through offer for sale (OFS) and fresh issue of shares. The OFS includes sale of 1.6 cr shares with face value of Rs 10. The fresh issue will be to raise ~Rs.400 cr by issuing ~48.7 lakh shares. The price band is Rs.818 – Rs.821 per equity share. The offer opens from Sep 25- Sep 28.

IPO Analysis : Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders and Engineers’ IPO will open for subscription from September 24 to September 26, 2018. The issue is purely Offer for Sale (OFS) consisting of 2,92,10,760 shares worth Rs 344.69 crore. The face value is Rs 10 per equity share. The minimum lot size for subscription is 120 shares with issue price ranging from Rs 115-118 per equity share. For the retail investors and employees, a discount of Rs 5 per share would be offered. Post-allotment, the company would get listed on both BSE and NSE. 


IPO Market

Company Name Listing
Last Traded
Last Traded
Arvind Fashions Ltd. 08/03/2019 591.75 19/03/2019 872.90 4,300
The Anup Engineering Ltd. 01/03/2019 451.60 19/03/2019 579.45 97,824
Chalet Hotels Ltd. 07/02/2019 0.00 19/03/2019 323.50 192,178
Xelpmoc Design and Tech Ltd. 04/02/2019 56.00 19/03/2019 69.60 2,601
Spencer's Retail Ltd. 25/01/2019 0.00 19/03/2019 162.75 650,327

SME Market

Company Name Issue Open
Isuue Closing
Sky Gold Ltd. 2018-09-18 2018-09-21 180 0.00 0 2018-10-03 180 187
MAC Hotels Ltd. 2018-09-19 2018-09-25 24 0.00 0 2018-10-04 25 80
Manorama Industries Ltd. 2018-09-21 2018-09-25 188 181.00 188 2018-10-04 190 195
Innovative Ideals and Services (India) Ltd. 2018-09-24 2018-09-26 46 36.00 40 2018-10-05 43 160
A-1 Acid Ltd. 2018-09-25 2018-10-01 60 0.00 0 2018-10-10 61 57


Index trend and stocks in action March 19, 2019

Karan DSIJ / Article rating: 5.0

Going ahead, Tuesday’s opening levels and trajectory post opening would be extremely crucial for the index. If the index slips below the Monday’s session low of 11,412 and trades convincingly below this level, then there is high probability that Monday’s high point of 11,530 would become a temporary top for the index. Stocks in news: HCL Technologies, LT, Reliance Industries, Orbit Exports, Aarti Industries, Hotel Leelaventure, Adani Ports, Vakrangee and Canara Bank.

A flat start likely following cautious cues from Asian peers

Karan DSIJ / Article rating: 5.0

The domestic markets may open the Tuesday’s session on a flat note as cues from the Asian peers are cautious. At the time of writing, the SGX Nifty was trading with a gain of 13 points at 11,524. The real estate stocks would be in focus in today’s session as the GST Council meeting is intended to undertake a range of topics on priority basis, including the implementation of lower Goods and Services Tax (GST) rates for the real estate sector. Also, on the macro front, investors will keep an eye on the current account deficit numbers.