Signature Global IPO (Avoid)
Highlights Issue Size –: 18,961,039 sharesIssue Open/Close – Sept 20 /Sept 22, 2023 Price Band (Rs.) 366 – 385Issue Size (Rs.) – 7,300 mnFace Value (Rs) 1Lot Size (shares) 38 Signature Global India Limited was incorporated in 2014 and with a market share of 19 pct, the company is the largest real estate development company in the National Capital Region of Delhi (Delhi NCR)...
Sai Silks Kalamandir IPO (Avoid)
Highlights Issue Size –: 54,099,027 sharesIssue Open/Close – Sept 20 /Sept 22, 2023 Price Band (Rs.) 210 – 222Issue Size (Rs.) – 12,010 mnFace Value (Rs) 2Lot Size (shares) 67 Sai Silk (Kalamandir) Ltd (SSKL) are among the top 10 retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit in Fiscal 2020, 2021 and 2022. The Company operates in 4...
Market Morning Notes For 18th Sept 2023
Markets for the week extended gains for the third straight week with Sensex closing at all-time high on Friday ahead of crucial U.S Federal Reserve meet on expectations that the Fed would pause further rate hikes. The Nifty after the recent move has tested the weekly resistance line extended from intermediate peaks hence would be interesting to see whether the Nifty is able to cross hurdle...
Yatra Online Limited IPO (Avoid)
Highlights Issue Size –: 54,577,465 sharesIssue Open/Close – Sept 15 /Sept 20, 2023 Price Band (Rs.) 135 – 142Issue Size (Rs.) – 7,750 mnFace Value (Rs) 1Lot Size (shares) 105 Yatra Online Limited (YOL) as of FY23 is one of India’s largest corporate travel services providers in terms of a number of corporate clients and the third largest online travel company in India among...
Market Morning Notes -15th Sept 2023
Markets ended with marginal gains, but Sensex failed to close above the crucial resistance of 67619 ahead of ECB meet yesterday. The India VIX retreated from 12 to 11.5on expectation of Chinese stimulus while Brent Crude has now crossed above USD 94 a bbl and should be positioned to test USD 107 a bbl by the next week on basis of long-term breakout. The formation of bearish engulfing...
Zaggle Prepaid Ocean Services IPO (Avoid)
Highlights Issue Size –: 34,352,255 sharesIssue Open/Close – Sept 14 /Sept 18, 2023 Price Band (Rs.) 156 – 164Issue Size (Rs.) – 5,633 mnFace Value (Re. ) 1Lot Size (shares) 90 Zaggle Prepaid Oceans Services Limited (ZPOSL) incorporated on 2011, operates in a segment where it interacts and interfaces with their Customers (i.e., businesses) and end Users (i.e., employees) and...
Market Morning Notes For 14th Sept 2023
Markets activity remained tilted towards large cap with Sensex moving closer to its all-time peak despite India VIX posting gains. After yesterday’s up move India VIX has moved closer to breakout and a move above 12 should be seen as a major sign of strong Put option accumulation in markets and an initial leg of unwinding may be faced by high beta counters especially midcaps and small caps....
Samhi Hotels IPO (Avoid)
Highlights Issue Size –: 108,738,095 sharesIssue Open/Close – Sept 14 / Sept 18, 2023 Price Band (Rs.) 119 – 126Issue Size- 13,701 mnFace Value (Re.) 1Lot Size (shares) 119 Samhi Hotels Limited is a prominent branded hotel ownership and asset management platform in India. As of 31st March 2023, the Company has the third largest inventory of operational keys (owned and leased) in...
Market Morning Notes For 13th Sept 2023
Markets cooled from day’s high to end on a flat note after broader markets corrected sharply with Midcap and Smallcap Index declining over 3% and India VIX surging above the 11.5 mark. Brent crude too has crossed USD 92 a bbl mark and should be positioned to test USD 107 a bbl in the coming week after the recent breakout. The Nifty 500 Index has confirmed major reversal with formation of...