Monday, April 30, 2012

Upcoming IPO - SAMVARDHANA MOTHERSON FINANCE LIMITED


SAMVARDHANA MOTHERSON FINANCE LIMITED


Issue Open: May 02, 2012
Issue close:         May 04, 2012
Price Band: Rs. 113 - Rs. 118 Per Equity Share
Minimum Bid Size:         50 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount  for Retail Investor: Rs. 200000

SAMVARDHANA MOTHERSON FINANCE LIMITED:
Incorporated in 2004, Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 4 to Samvardhana Motherson Finance Ltd IPO. This means as per ICRA, company has 'Above Average Fundamentals'.

Website:
http://www.motherson.com/Group-Companies.html

Friday, April 20, 2012

Upcoming IPO -> TRIBHOVANDAS BHIMJI ZAVERI LIMITED


TRIBHOVANDAS BHIMJI ZAVERI LIMITED
Incorporated in 1949, Tribhovandas Bhimji Zaveri Ltd. is India top jewellery retailer. Company sells gold jewellery, diamond-studded jewellery, platinum jewellery and jadau jewellery though 14 showrooms in 10 cities across five states.Company's most popular and oldest showroom is located at Zaveri Bazar, Mumbai. This was established in 1864.

Issue Open: April 24, 2012
Issue close: April 26, 2012
Price Band: Rs. 120 - Rs. 126 Per Equity Share
Minimum Bid Size: 45 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount  for Retail Investor: Rs. 200000


IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO. This means as per CRISIL, company has 'Average Fundamentals'.

Monday, April 16, 2012

Maintain ‘reduce’ rating on Infosys – TP Rs.2500


1. Company’s 4QFY12 USD revenue declined 1.9% qoq, as against guidance of 0-0- 0.02% increase.

2. EBIT missed market estimates buy EPS was in line with expectations due to higher other income.

3. The guidance for FY13 of USD revenue growth of 8-10% and EPS estimate of Rs.159 – Rs.161 looks 
poor.

4. Estimates and rating on the scrip are under review due to weak outlook.

5. Guidance for FY13 is with the anticipation of 0-1% qoq revenue growth in 1Q and 4-5% qoq revenue 
growth in 2Q –Q4.

6. Poor EPS outlook for FY13 does not factor in any wage hike and it is due to worries regarding poor 
demand, which is an industry- wise worry.

7. Retain ‘reduce’ rating on the stock with the earlier target price of Rs.2500 over one year.