WONDERLA HOLIDAYS LIMITED IPO

Issue Open Monday, April 21, 2014
Issue close Wednesday, April 23, 2014
Price Band Rs. 115 - Rs. 125
Bid Lot        100 Shares & Multiples thereafter
Face Value Rs. 10 Per Equity Share
IPO Rating IPO Grade 4/5 by CRISIL
Listing         BSE & NSE


WONDERLA HOLIDAYS LIMITED

Wonderla Holidays Limited is one of the largest operators of amusement parks in India. Currently, they own and operate two amusement parks under the brand name "Wonderla", situated at Kochi and Bangalore. The Company also owns and operates a resort beside their amusement park in Bangalore under the brand name "Wonderla Resort" which has been operational since March 2012.

Update

 Muthoot Finance Ltd, one of the country’s largest gold loan companies, plans to venture into the insurance sector.

Muthoot Finance Ltd is the largest gold financing company in India in terms of loan portfolio, according to the 2010 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2009 ("IMaCS Industry Report, (2010 Update)"). We provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

IPO - POWER GRID CORPORATION OF INDIA LIMITED

Issue Open: December 03, 2013
Issue close: December 06, 2013
Price Band: Rs. 85 - Rs. 90 Per Equity Share
Minimum Bid Size: 150 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount  for Retail Investor: Rs. 200000


Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.

Sensex plunged nearly 300

263 stocks hit their respective one-year lows on BSE on Monday(today). Bluechips SBI, ICICI Bank, Punjab National Bank (PNB), Larsen & Toubro, HDFC Bank, BHEL and Jaiprakash Associates were among the stocks that touched their 52-week.

ONGC

ONGC’s attempt to rope in private sector explorers as joint operators in three coal-bed methane blocks in Jharkhand and West Bengal, is facing fresh hurdle as one of the awardees, Dart Energy , refused to take 25 per cent stake in North Karanpura and 10 per cent stake in Ranigunj block.

Bharti Airtel

Telecom major Bharti Airtel announced completion of 5 % stake sales to Qatar Foundation Endowment for Rs 6,796 crore.



 PowerGrid Corporation of India Limited has sought permission from the Central Electricity Regulatory Commission (CERC) to upgrade its 1,700 stations in an initiative to implement the smart-grid mechanism

Update - TATA Motors & GMR Infra

Tata Motors has filed a complaint before a Delhi court alleging infringement of its trademark and copyright by unknown persons manufacturing and marketing spurious ancillary automobile products under its name.

GMR Infrastructure has written off Rs 453 crore on two of its global assets in coal mines and airports.

Akshaya-tritiya to Akshaya-tritiya returns

Akshaya-tritiya to Akshaya-tritiya returns
Akshaya-Tritiya Dates	Gold Price ( per gram)	Returns
04/05/2003	568	6.52%
22/04/2004	611	7.69%
11/05/2005	650	6.33%
30/04/2006	1020	57.01%
20/04/2007	1019	-0.17%
07/05/2008	1267	24.35%
27/04/2009	1609	27.00%
16/05/2010	1972	22.60%
06/05/2011	2349	19.09%
24/04/2012	3070	30.74%
Average		20.12%

V-Mart Retail Limited IPO

V-Mart Retail Limited is entering in the capital markets with an initial public offering, IPO of 5,746,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 195/- at lower level and Rs 215/- at upper level.

V-Mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.

The issue opens on Feb 01, 2013 and closes for subscription on Feb 05, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

MphasiS Ltd.

The company has announced that it would acquire US based Digital Risk, an independent provider of 

risk, compliance and transaction management solutions to the north American mortgage market.

The acquisition price is USD 202 million of which USD 175 million in cash and USD 27 million would 

be from earnings over 2.5 years.

The deal is expected to close by January 2013 and it would be EPS accretive in Year 1 (FY13). A

rough calculation indicates that the acquisition can boost MphasiS’s Year 2 (FY14) eps by about 2-8%, 

depending on how Digital Risk’s revenue and margins ramp up.

Management expects Digital Risk’s CY12 revenue to be USD127million, which implies 60% y-y growth 

and equals about 12% of MphasiS's revenue.

Digital Risk has increased revenue at a three-year CAGR of 70%. 

LIC & Sanghvi

LIC Housing Finance is scaling down share of high margin developer loans to 4-6% of its loan book from an initial target of 8% this fiscal due to poor support from banks to commercial realty segment.

Sanghvi Forging & Engineering LTD, a leading engineering and forging company in India has commenced commercial production at its new open die forging plant in Vadodara, Gujarat.

Adani Enterprises net profit

 Adani Enterprises net profit rose 208.45% to Rs 141.95 crore in the quarter ended September 2012 as against Rs 46.02 crore during the previous quarter ended September 2011.

Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters stake to 75% from 68%.

Ganesh Chaturthi Holiday

Please be informed that, 19th September 2012, Wednesday will be a Trading & Clearing holiday for both NSE and BSE on account of  'Ganesh Chaturthi'.

Upcoming IPO - Thejo Engineering Ltd

Thejo Engineering Ltd is entering in the capital markets (through NSE SME) with an initial public offering (IPO), aggregating upto Rs 19 crore through a book building process. The price band for the issue has been fixed at Rs 402/- at lower level and Rs 430/- at upper level.

Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company is based in Chennai and provide services include belt conveyor maintenance and operations.

The issue opens on Sep 04, 2012 and closes for subscription on Sep 06, 2012. This is the first stock which is proposed to be listed on 'Emerge' the SME platform by NSE.

Website:
www.thejo-engg.com/

Market Holiday

20th August 2012, Monday will be a Trading & Clearing holiday for both NSE and BSE on account of Ramzan ID.

Varun Shipping Company reported net profit of Rs 145.22 crore in the quarter ended June 2012 as against net loss of Rs 35.25 crore during the previous quarter ended June 2011.

Mahindra & Mahindra

Buy rating on Mahindra & Mahindra (M&M is maintained with a higher target price of Rs.815 over one 

year, against the earlier target price of Rs.800. The stock is currently traded in the price range of Rs.738. The company reported better than expected result for 1QFY13. In line with positive surprise in automotive volumes, company’s 1QFY13 earnings exceeded market expectations by 8%. Most of the surprises came from revenue side, which has beaten market expectations by 8% on account of favorable product mix.

Upcoming IPO - Sangam Advisors Ltd

Sangam Advisors Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 2,304,000 Equity Shares of Rs 10/- each. The price band for the issue has been fixed at Rs 22/- per share.

Sangam Advisors Ltd is incorporated in 1999 and engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them. They are also engaged in the business of investing in shares and other securities.

The issue opens on July 24, 2012 and closes for subscription on July 26, 2012. The equity shares of the issue are proposed to be listed on the SME Platform of BSE Limited ("BSE").

Website: http://www.sangamadvisors.com/

Dollar Vs Indian Rupee

1990: 1 dollar = Rs 18.11

1991: 1 dollar = Rs 25.79

1992: 1 dollar = Rs 28.95

1993: 1 dollar = Rs 31.44

1994: 1 dollar = Rs 31.39

1995: 1 dollar = Rs 34.92

1996: 1 dollar = Rs 35.83

1997: 1 dollar = Rs 39.15

1998: 1 dollar = Rs 42.58

1999: 1 dollar = Rs 43.45

2000: 1 dollar = Rs 46.88

2001: 1 dollar = Rs 47.93

2002: 1 dollar = Rs 48.23

2003: 1 dollar = Rs 45.66

2004: 1 dollar = Rs 44.00

2005: 1 dollar = Rs 46.11

2006: 1 dollar = Rs 44.49

2007: 1 dollar = Rs 39.33

2008: 1 dollar = Rs 49.82

2009: 1 dollar = Rs 46.29 

2010: 1 dollar = Rs 45.09

2011: 1 dollar = Rs 51.10

2012: 1 dollar = Rs 54.47

Tata Steel

Buy rating on Tata Steel is reiterated with a target price of Rs.489 over one year.

The main concern on Tata Steel has been the extent of weakness in Europe. But the current 

perception is that even in the midst of current weakness, Corus should deliver USD 20-30 EBITDA / 

ton versus the earlier estimate of USD 28 EBITDA / ton.

Margins should improve further in 2HFY13 with the Pt Talbot rebuild and easing in China.

With upward re-pricing of contracts in 1QFY13, Corus ASP (average sales price) have improved USD 

20-25/ ton qoq. With the decline in coking coal prices, Corus should comfortably deliver USD 20-30 

EBITDA / ton in 1QFY13.

Comments from other European steel makers also suggest a clear upturn in 2Q12 margins versus 

1Q12 levels.

The stock has been trading close to its trough valuation. It is expected that the stock would reverse its 

year to date de-rating driven by 2H12 policy easing in China and Europe.

With the stock price implying almost no FY13 EBITDA margin for Corus, the risk-reward ratio is 

favorable.

Jamshedpur/ Benga ramp up and Pt Talbot rebuild are near term triggers for the stock.

Ashok Leyland, Airtel

 Nomura has downgraded India's second-largest truck and bus manufacturer, Ashok Leyland to 'neutral' from 'buy' and cut its target price to Rs 26 from Rs 34.

Bharti Airtel, India's top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70% under some plans, a company statement showed, in a move to boost usage of the premium services in the country.