The third part logistics company FSC IPO opens tomorrow at price band of 660-664. Shares will be available in BSE and NSE both. It will list by December 6th and End By 8th. Secondary market listing expected by 18th of December. The issue will raise 650 crore INR.
The company do contract logistics and express logistics and temperature controlled logistics. It operates 42 distribution centres and have revenue of 561 Crores in the financial year 2017. It was 519 and 407 crore revenues in the year 16 and 15 respectively.
In the coming year the GST structure may benefit the firm. The average P/E value of the company is 48. The valuation of the stock is not expensive and may be it can have a bright future depending on the company performance.
Future Supply Chain is 56.10% subsidiary of Kishore Biyani’s Future Enterprises Ltd. Sector wise the future is bright valuation wise it is not. So please study the IPO in details and invest.
How it’s going to affect global market, The U.S senate passed tax cut and job act plan by Trump. Which means the corporate tax reduced from 35% to 20%. This will help the wealthy.
By the way last day didn’t took this news seriously by the market. But it will help the US companies and the dollars. Whether it will help the bull market? it may or it may not. The US market can become beneficial by getting more investment.
Everyone hope this won’t affect other markets like India badly. Depends upon the reach of this act inside global market.
Multi-specialty hospital Shalby Hospitals Ltd will opens its Initial Public Offering on by Tuesday (Dec 05). Shalby IPO openss at a price band of 245 – 248 per share. The fresh valued 480 Crores.
The offer will close by 7th of December. IThe company will be listed in both NSE and BSE.
It plans to sell 1 mn shares, Shalby Ltd now operates 11 hospitals , it plans to pay debt, purchase medical equipment, furniture, interiors for the existing and upcoming hospitals also plans some corporate actions.
The hospital or company is headquartered in Ahmedabad. It has domestic and international reach. Currently it operates at Western and Central India and planning to spread across the country.
The good news is that Indian GDP Q2 results shown an impressive change from the previous quarter. The GDP growth raised to 6.3%. It was 5.7% in the first quarter. The festival season played an important role in this quarter which was beneficial for the Indian economy growth.
Q2 GDP 6.3%
Sectors like Electricity, Gas, Communication, Broadcasting Services, Transportation, Hotels and Manufacturing played a major role in the economical growth this quarter. GST was badly affected GDP in the first quarter but it is helped the Indian market later the implementation.
The positive news will make the stock market more stronger. As per Moody’s recent result country shown some growth after GST and festivals.
The growth rate for 1. Agri Forestry and Fishing 2. Construction, 3. Mining and quarrying are 1.7, 2.6, 5.5 respectively. Real Estate and Professional Services 5.7. Admin, Public, Defence growth stood at 6%.
In a stock market an IPO means Initial Public Offer which is the first availability of shares for public. It is also called the primary market. An individual can submit an IPO form through stock broker to avail the IPO stocks. Here are the list of IPO which opened in this year in India.
Bharti AirTel expressed its interest on Rcom’s spectrum. As per reports Reliance communication is having a debt of upto 50000 Crores and the company is shutting down its various departments like Broadband, 2G and 3G networks.
If the auction deal happens it will be a great progression for Airtel after Telenor merger.
Airtel current price level is NSE 500.10 and Rcom at level NSE 13.75.
It is not necessarily a company can buy the assets but more than one company get this opportunity. There were rumors that Relaince Jio has eyes on Rcom properties. But all these financial news didn’t came official.
It is always been a question why the Renegade version still not in the Indian market. There are hope that it will be launched in Indian market by 2018. The price is always been a confusion it can be in between 10 Lakh to 30 Lakh according to the model.
Jeep Compass and other models are being a success in the market, Renegade can be an upcoming super hit version.
Even though it is a basic compact SUV, the design and features will make it popular among Indian people. The model comes with 4×2 and 4×4 varients. If the model get launched it will be a big competitor for Eco Sport and Brezza.
Varients : Sport, Latitude, Altitude and Trailhawk
The American brand is already a hit in the international market and now they are expanding the business in India, China and Brazil. Already the company run its testing in India streets, which denotes the arrival of this exciting compact model.
Current available models of Jeep in Indian market
Grand Cherokee, Wrangler, Compass and Grand Cherokee SRT