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Why the financial year 2021-22 will be a good year for IPOs

Lav Chaturvedi-01 (1)

Why the financial year 2021-22 will be a good year for IPOs

By Lav Chaturvedi, ED & CEO at Reliance Securities

The oncoming financial year 2021-22 is likely to be an overwhelming year once again for Initial Public Offerings (IPOs). A number of factors will contribute to the likelihood of the current year being favourable for primary market fund-raising.

Growing retail interest

The growing interest of retail investors along with an increased need for companies to tap the markets for raising capital, had infused a strong momentum in the IPO markets last year, which will also spill over to this year.

Last year was a hit

Between April and January of the financial year 2020-21, at least 34 companies went public, raising more than Rs 21,000 crore from IPOs.

According to Prime Database figures quoted in public forums, the overall main market IPOs received a good response from investors. The public lapped up both small and big players who made a debut last year.

Continued momentum

A whopping Rs 41,863.24 crore is likely to be raised this year. Out of this, the companies that already have SEBI’s approval for their IPOs would raise Rs 19,146.24 crore, and companies awaiting SEBI’s approval are likely to raise Rs 22,717 crore.

Abundant Liquidity and Lower Cost of Funding

The interest rate scenario is expected to remain favourable in 2021-22, IPOs are expected to get continued support from lower cost of funding.

PSU divestments

The successful divestment of PSUs is quite crucial for government to achieve its divestment target of Rs 1.75 lakh crore in 2021-22. These blockbuster listings may potentially aid in sustaining current buoyancy in IPO market 2021-22.

Increased Participation from Foreign Investors

Huge fiscal stimulus announced by the US and European countries in 2020 resulted in huge liquidity sloshing to domestic equities. Foreign Portfolio Investments (FPIs) invested ~US$24bn in Indian equities in 2020, which is the highest ever at least in last 20 calendar years. As India continues to offer promising growth outlook globally, we believe FPIs flow to Indian equites should remain favourable in 2021-22.

To conclude

India is expected to witness a sharp uptick in capital expenditures in 2021-22 from central government and select large states. Additionally, a number of reform measures undertaken by the government including PLI schemes to stimulate investment activities in the country are likely result in higher capital requirement for corporates. Hence, a large number of companies certainly will look forward for fund raising through IPO route.

e-commerce

NDHGO partners with Dunzo, Shadowfax, Pickrr and many other partners to strengthen delivery operations Pan India

New Delhi, October 13, 2021: NDHGO, an AI-based e-commerce platform in India, is committed to make phygital a reality for retailers all across the nation. Recently launched and with over one lakh businesses already successfully running their business on the platform, NDHGO has partnered with India’s leading hyper local delivery service providers including Dunzo, Shadowfax and 30 other hyper-local delivery companies operating in all metro cities and in over 100 towns. NDHGO has also partnered with Pickrr for managing all 3PL companies delivering goods pan India and globally like DTDC, Bluedart, DHL, FedEx and many others. Through its open API infrastructure, NDHGO is also supporting many small regional delivery players such as Whizzy, Zypp, Chotabeta etc. to enhance their technology in the hyper local delivery space and extending last mile delivery services to its customers across India. The strategic partnerships are a step towards strengthening NDHGO’s commitment to connect every seller in India to the economy.

Commenting on the partnerships, Mr. Kumar P. Saha, Founder of NDHGO said, “We at NDHGO are constantly innovating and working towards elevating our customers’ experience by providing a hassle-free engagement, complimented with safety and transparency. We are delighted to be associated with India’s fast-growing logistics providers who have been key drivers in accelerating digital integration in traditional marketspace. The strategic partnership with Dunzo, Shadowfax, Pickrr, Whizzy, Zypp and Chotabeta will not only empower our customers to automate their delivery systems but also enable them to create an advanced ecosystem for secured delivery tracking.”

The pandemic has led to an unprecedented surge in online shopping and home delivery of goods as a result of increased accessibility, safety, and convenience, offering services from the comfort of their homes. Foreseeing these trends to be the key drivers for the industry in the coming years, NDHGO is working towards providing a complete ecosystem to the retailers, starting from – setting up their own professional online store, accept online payments and now by integrating leading logistics companies into the platform to empower retailers to grow their business and consumer-base network geographically.

NDHGO’s delivery partners offer quick, user friendly, on-demand delivery services that blend perfectly with its tech-first approach to ensure timely delivery to consumers, anytime, anywhere. By integrating their top capabilities into the platform, they allow merchants across India to expand geographically and better administer their occupation and select the ideal delivery partner for timely deliveries to customers’ doorsteps. Further, it will enable customers to track their order seamlessly on real-time basis, ensuring transparency at all times. The company is in talks with more such startups and logistics providers to onboard them as NDHGO partners.

About NDHGO:

Incepted and conceived in 2020 and having its operations across the country, NDHGO is spearheading a reformation in the traditional & unorganized retail industry through its AI based retail technology platform, designed to transform businesses of all size from offline to online channel through creating a professional online e-commerce store free of cost. NDHGO is present across 100 cities and has helped over 1 lakh businesses using its platform till date.

Website: https://www.ndhgo.com/

Mr. Deepak Shetty - CEO & MD at JCB India

JCB India Launches Its Access Range of Machines

Ballabgarh, 13th October 2021: India’s leading manufacturer of Earthmoving and Construction Equipment, JCB India Ltd today launched its Access range of equipment. This new range consists of four Electric Scissor models S1930E, S2632E, S3246E and S4046E and come with working heights of 7.71m, 9.92m, 11.7m, and 13.9m.

These four models are a part of the full range of machines including Articulated and Telescopic boom machines and will be manufactured at JCB India’s state-of-the-art facility at Jaipur. With the launch of these Electric Scissors, JCB is entering into a new era of environment-friendly products and technologies.

Speaking at the occasion, JCB India CEO and Managing Director, Deepak Shetty said “The India growth story remains strong for us. With Economic activity expected to rise in the coming years, applications in Construction, Rental and other Industries are all set to grow. There is a significant opportunity for ‘Made in India’ Access machines in the market. With this new product category, we will address a critical requirement of having a safer option to work at heights. Our Scissor Lifts have distinct advantages due to their several sensors and control systems like tilt sensing, load sensing, pothole protection and intuitive control system which make them inherently safe”

Self-propelled Electric Scissors provide much safer access to personnel and equipment required to carry out tasks at Heights. These lifts can handle any application that would normally require a ladder, a tower or scaffolding. Scissor lifts enable operators to complete the same job faster, and more securely, without the set-up time of other equipment. The machines enhance site safety by reducing the likelihood of workplace injuries and equipment damage by giving workmen across industries the confidence to work at great heights.

He further said, “JCB also remains committed to developing a local supply chain for all its product categories that it builds in India. Even for the Access range of machines, there is a high domestic content thereby creating local supply chains. Products are built to One Global Quality. JCB India is the Global Manufacturing Hub for our Access range and these ‘Made in India’ machines are currently being exported worldwide, including to some of the most developed markets like the US, the UK, France and Germany. Our customers now have the choice to buy new machines that are Engineered and Manufactured in India with full product support rather than buy used machines from overseas markets”

On-screen diagnostics, independent circuit protection, hydraulic and electrical accessibility improve the serviceability and reliability of these machines. The machines are designed around ease of transportation and features like ramp climbing up to 25% gradeability, easy tie-down points, good ground clearance and towing options make transportation simpler. JCB’s Access range of machines is built around strength and durability. They are more stable, rigid when at height with full pivot bosses. Machines also have better component protection justify a Wheel Motor Protection plate.

Every model has been certified to EN280 for CE conformance, ensuring the highest product quality standards.

The company has a 24×7 customer support centre for these products and caters to the market-specific demands and cover 12 languages. JCB also has a wide dealer support network with trained engineers in India. It also has five Parts Warehouses for the support of these machines.

National Campaign to Promote Driving For Women

National Campaign to Promote Driving For Women for Better Access to Livelihoods and Opportunities

Bangalore, 13th October 2021: Shell Foundation, a UK based charity and the UK Government in association with Moving Women Social Initiatives Foundation (MOWO) have launched ‘Moving Boundaries’, a campaign to encourage women to pick up driving skills and remove roadblocks within the ecosystem to increase their job prospects in transportation businesses including as taxi and e-rickshaw drivers or as delivery agents for e-commerce companies.

Under this campaign, Jai Bharathi, founder of MOWO is touring India on her motorbike from October 11th for a period of over 40 days and covering over 20 cities to create awareness and encourage women to learn driving to increase their job opportunities. Today, Ms Bharathi reached Bangalore on the current leg of her tour. Starting from Hyderabad, she would be covering Chennai, Kochi, Goa, Pune, Mumbai, Surat, Ahmedabad, Udaipur, Jaipur, Amritsar, Srinagar, Chandigarh, New Delhi, Lucknow, Allahabad, Patna, Guwahati, Kolkata, Ranchi, Bhubaneshwar, among others.

Jai Bharathi, founder of MOWO

The campaign seeks to promote awareness on the importance of women acquiring the power of driving and travelling safely to expand their horizons in all aspects of their lives. The focus is on enabling women to not only learn driving but also own electric vehicles to generate income which in turn can also reduce carbon emissions from transport.

‘Even Cargo’, a social enterprise providing training, employment, and electric vehicle ownership to women drivers is also supporting this campaign.

Commenting on ‘Moving Boundaries’, Ms. Jai Bharathi, Founder of MOWO said, “Women all over the world face restrictions on their mobility. They are unable to travel long distance to acquire decent education or take up jobs which involve complex or unsafe commute which results in a restricted pool of job opportunities. I am very excited to take on this 40-day journey on my motorbike across the country to meet women from all strata and hold workshops to make driving an aspirational and achievable employment choice for them. Creating a safe environment where women have access to reliable transportation and they can drive their own vehicles to earn a living is a great way to increase employment opportunities for women in a sector which has predominantly been male-centric.”

Speaking on the partnership, Mrs. Shipra Nayyar of Shell Foundation said, “We launched ‘Moving Boundaries’ to promote safe, affordable, and clean transportation for women for better access to basic amenities like healthcare, education, and jobs. The focus is also to create an environment whereby more women can enter the workforce by learning how to drive and becoming owner-entrepreneurs of their vehicles in the transportation linked sectors such as e-rickshaws and as delivery agents. Our ambition is to enable equal access to opportunities for women by helping them become more mobile. We hope that in the next 5 years, by supporting and helping build the capacity of more such enterprises that train and employ women from low-income households, we will see a sizable number of women drivers owning and driving electric vehicles in over 100 cities and villages across India increasing safe transportation and connectivity for other women”

Promoting employment and entrepreneurship opportunities for women is an important goal for Shell Foundation. Together with the Government of the UK, Shell Foundation launched POWERED (Promotion of Women in Energy-Related Enterprises for Development) in 2017, a women-focused programme to increase participation of women across the clean energy and mobility value chain in India. POWERED programme supports enterprises that promote inclusion of women in jobs in the transportation and logistics sector as well as enable them to own electric vehicles to earn an income.

About Shell Foundation

Shell Foundation is an independent UK registered charity (Reg Charity No: 1080999) that exists to support people living in low-income communities to escape poverty and ease hardship. We create and scale business solutions to enhance access to energy and affordable transport as a means to achieve this.

About the UK Government in India

Working as a joint force for good the UK-India partnership helps enhance investment and trade; increase prosperity and jobs in both countries; strengthen joint action on global issues of mutual concern including poverty and climate change; and widen access to knowledge and technology.

About Moving Women (MOWO)

Based in Hyderabad, MOWO is a revolutionary initiative aimed at empowering women to be independent by offering them two and three-wheeler training and related livelihood opportunities. Based in Hyderabad, India, so far, MOWO has reached out to 10000+ women and trained 1500+ in riding two-wheelers, with required driving licenses, and placed a few of them in logistic delivery jobs.

About Even Cargo

Even Cargo- India’s first women only logistics delivery company trains women on mobility and logistics and employs them as delivery agents to enable them to reclaim public places. Even Livelihoods ensures sustainable and equal access to mobility and livelihoods with dignity through women-centric modules of training, social and financial support. They help women acquire electric bikes to work as delivery associates with major e-commerce partners and many more. Since 2016, Even Livelihoods has trained 500 and employed 250 women as Delivery Associates, with presence in more than 7 geographies in India.

stock-market Stovekraft

Everstone backed SJS Enterprises gets SEBI green signal for its IPO

Chennai: SJS Enterprises Ltd has received markets regulator SEBI’s approval to launch an initial public offering (IPO), through which it plans to raise up to Rs 800 crore.

The Bengaluru-based company had filed its Draft Red Herring Prospectus (DRHP) for the IPO with SEBI in July, obtained its final observation and approval on October 5, as per the SEBI Processing status on Monday, 11 October.

The IPO is entirely an offer for sale (OFS) up to Rs. 688 crores by Evergraph Holdings Pte Ltd and equity shares aggregating up to Rs. 112 crores by K.A Joseph., according to the DRHP.

SJS Enterprises is led by experienced professionals K.A Joseph, Managing Director & Promoter and Sanjay Thapar, its chief executive officer. As per the CRISIL report determined in its DRHP it is one of the leading players in the Indian decorative aesthetics industry in terms of revenue in Fiscal 2020 and as at March 31, 2021. It offers a wide range of aesthetics products and has supplied over 11.5 cr parts with more than 6,000 SKUs in Fiscal 2021 to around 170 customers in approximately 90 cities across 20 countries. The growth of the Indian decorative aesthetics market in value terms is expected to surpass volume growth in demand for two-wheeler, passenger vehicle and consumer durables from fiscal 2021 to fiscal 2026 and is expected to grow at a CAGR of approximately 20.00% to reach approximately Rs 4920 crore by fiscal 2026.

The company designs, develops and manufactures aesthetic products i.e 2D decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D badges (3D lux), domes, overlays, aluminium badges, IMLs, wheel covers, nameplates, radiator grills, bumper parts, bezels, door handles, instrument panel housings and aftermarket styling products and supplies to some well-known automotive OEMs such as Suzuki, Mahindra & Mahindra, John Deere, Volkswagen, Honda Motorcycle, Bajaj Auto, Royal Enfield; auto component suppliers such as Marelli, Visteon, Mindarika; consumer durable and appliance companies – Whirlpool, Panasonic, Samsung, Eureka Forbes, Godrej, Liebherr; medical device manufacturers – Sensa Core as well as sanitary ware manufacturers such as Geberit.

Despite the initial impact of the COVID-19 pandemic and a slowdown in the automotive and consumer appliance industries, SJS Enterprises reported a 16.40% year-on-year (YoY) jump in its revenue from operations to Rs. 251.62 crore for the year ended 31st March 2021 against Rs. 216.17 crore a year ago, while its profit after tax during the fiscal year 2021 stood at Rs. 47.77 crore versus Rs. 41.29 crore a year ago.

As of March 2021, the consolidated annual production capacity including its subsidiary, Exotech was 23.81 cr products, collectively. In Fiscal 2021, it produced 10.75 cr products, collectively, resulting in capacity utilization rates of 44.07% and 52.88% respectively.

Axis Capital Limited, Edelweiss Financial Services Limited and IIFL Securities Limited are the book running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE.

AngelOne Logo

All sectoral indices end in green, except for Nifty IT, down for the 2nd day straight

By Mr. Aamar Deo Singh, Head – Advisory, Angel One Ltd.

Benchmark Indices end on a positive note

The domestic indices started on a lower note, mirroring the cues from global peers, which indicated a negative opening for the indices. The Nifty consolidated post-opening, but then slipped on the lower side to trade in the negative territory. However Nifty witnessed some recovery during the last hours of the trade, which saw the index end the day in the green. The Nifty recovered more than 120 points from the lows to end at record high levels.

Broader Market Movement

The broader indices, midcap, and small-cap extended their rally to 4 days in a row, as both the indices outperformed the benchmarks. The midcap ended with gains of 0.55 percent and the small-cap ended the day, gaining 0.80 percent. Looking at the sectoral performance, the Nifty PSU Bank index was the top performer of the day, up more than 3 percent, followed by Media and FMCG indices. Whereas, Nifty IT continued to be the only top losing sectoral index for the 2nd day in a row, down nearly 1 percent. On the other side, the top-performing stocks of the day were Titan, Bajaj Auto, and SBIN. HCL Tech, HDFC Life, and Tech Mahindra were among the top losers, down over 1 to 4 percent.

Stock in News

HCL Tech expanded its strategic partnership with Google Cloud to jointly launch healthcare and life sciences solutions for customers, the stock ended the day as the top loser from the Nifty 5O, down 4 percent. Tata Motors shares rose nearly 5 percent during intraday after the automaker’s global wholesales in Q2 FY22, including Jaguar Land Rover, were higher by 24 percent as compared to Q2 FY21.

Global Data Front

The US benchmark indices started the new trading week on a negative note. The indices after seeing a move to the upside early in the session, moved lower to end on a negative note, adding to the losses seen on Friday. The futures of Wall Street’s three major indices are trading on a mixed note. The Dow Jones Futures down 0.05 percent, the Nasdaq Futures up 0.21 percent, and the S&P 500 Futures up 0.10 percent. While on the European front, the indices are trading on a negative note.

To summarise, Indian benchmark indices ended higher for the fourth consecutive session at record closing levels. At close, the Sensex was up 148 points or 0.25% at 60284, and the Nifty was up 46 points or 0.26% at 17991. The levels to monitor on Nifty for the coming days are 18100 on the upside, and on the downside, 17750 – 17700 would be the levels to keep an eye on.

Supreem Products

Supreem Pharma launches Supreem Superfoods a new division manufacturing specialty products specifically for the Indian palate

Bangalore, October 13, 2021: Supreem Pharmaceuticals Mysore Pvt. Ltd. today announced the launch of Supreem Super Foods, a healthy superfoods brand. At the launch, S.N. Rao, Chairman & MD of Supreem unveiled 19 products for Health Management, Performance Beverages & Foods along with Lifestyle Management Products.

Mr. S.N. Rao said Supreem Pharma is getting into Superfoods with a vision to fill the void that exists in nutrition intake to enhance healthy living. The Company has dived deep into the science of food and has developed products that will help to fill the gap.

Supreem Pharmaceuticals Mysore Pvt. Ltd. achieved a turnover of Rs. 68 Crores last financial year. The growth CAGR has been over 20% Turnover & profitability over the last 5 years. This financial year with the launch of consumer products division Supreem Super Foods the company hopes to achieve a combined turnover of around Rs. 90-100 Crores. Supreem Pharmaceuticals is investing over Rs. 25 Crores over next 5 years to build the Consumer business to achieve a CAGR of over 30% in the next 5 years to reach a combined turnover of Rs. 250+ Crores with both the divisions giving an approximately equal share to the business and consumer business.

These products are made from natural ingredients which aim to boost healthy living with no side effects.

Speaking at the press conference to announce the launch of this new range, S.N. Rao, Chairman & MD of Supreem said “Healthy living is the need of the hour. Everything we do is motivated by our desire to be healthy and happy. There can be no substitute for this. Supreem Super Foods is on a mission to raise the bar for healthy living by combining innovation, experience, and vision. We have developed & are further researching smart, sustainable Superfoods. These products will not only enhance our diet but help people realize their full potential. Living Healthy is essential and this can be ensured by optimal physical, mental, and healthy food habits.”

He also added, “Through the launch of this new consumer division, we aim to invest over Rs 80 crores over the next three years. This would lead to direct and indirect employment to a tune of 1500 – 2000 during this period.”

Supreem Super Foods aims to expand their product range by the end of this financial year to over 50 products and over 100 products by the end of the next financial year.

ADYPU

Schools and Colleges reopen – ADYPU preps to equip to cater to e-smart students

New Delhi: After a long gap of 18 months students studying behind the screens from the closed doors of their homes will finally get to step out and resume school and offline classes. Pandemic forced students to study online and which came with its pros and cons. With this major responsibility has fallen upon schools and colleges to resume with complete COVID safety guidelines and protocols.

On this, ADYPU’s Chairman, Dr. Ajeenkya DY Patil added “It is a pleasure to welcome our students back. This has been an uncertain and difficult time for them. I’m encouraged to see that parents are also enthusiastic about children returning to school and are supportive of it. Our main objective is to ensure a smooth transition by creating a safe and welcoming environment. All Covid guidelines have been followed and we are prepared to open the gates. Getting back to school, routines, and peers is essential for students.”

Addressing parent’s concerns Dr. Patil further adds “We understand parents are concerned about safety protocols, so being transparent about cases and responses is very important. Make sure those measures are communicated and that there is a contingency plan in place. Parents understand how important it is for their children to return to class, and we are doing everything we can to ensure they are confident about sending their children to school again.”

This will be a time for exploring new learning methods with an amalgamation of online and physical learning methods and study how this can further evolve for both students and institutes.

About ADYPU

Ajeenkya DY Patil University (ADYPU) is a private university located in Lohegaon, Pune, Maharashtra, and belongs to the DY Patil Group, a network of educational institutions in India. It is officially certified by the University Grants Commission (UGC). Established in 2015 under Maharashtra Government Act, ADYPU was founded by the former governor of Bihar Padmashree Dr. DY Patil.

ADYPU was awarded for being the best private university in 2018 under Educational Excellence Awards. In 2019, ADYPU was awarded as the best private university by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and recognized as the ‘Best Innovation in Education. Also, Economic Times called Ajeenkya one of the Best Education Brand for 2018-19.

The University offers undergraduate, postgraduate and doctorate-level education in the field of Technology, Management, Humanities, Design, Law, Hotel Management, Social Sciences, and Film & Media. Campus facilities for the students include a state-of-the-art campus, well-equipped labs, hygienic hostels, management labs, computer labs, and a high-speed Wi-Fi facility for students to remain connected with the faculty all the time. Education at ADYPU is offered under nine distinct schools.

Best Agro Life Logo

Best Agrolife Ltd. ranked 15th among top Agrochemical Companies in India

Best Agrolife Limited, a leading agrochemical company headquartered in Delhi and one of India’s largest manufacturers of agro-inputs has been ranked 15th among top 20 Agrochemical companies in India. The ranking has been released by AgroPages which is a prominent online media platform for the agrochemical industry devoted exclusively to the global agricultural business. Best Agrolife Ltd. registered 22% growth in revenue, FY 2020-21 proved to be a significant year for the company. The visionary agrochemical company took progressive steps towards upgrading the portfolio from old generics to patented combinations and recently off-patented molecules.

Best Agrolife Ltd. is preparing to increase its formulation plant capacity to 50,000 MTPA, which will be significantly higher from its present capacity. Considering its international footprints, the company is actively exploring various markets such as Africa, Asia, South East Asia and the Asia Pacific, European Union (EU) and the US and plans to own subsidiary companies in the Africa, EU, and the US markets. The company also plans to expand in technical manufacturing owing to the disruptive supply chain from China and consistent unmet demand of the agrochemical market. With its R&D leverage, Best Agro is also working on a novel IP formulation which is under field trials that will help in creating more value for the farmers in fighting the major diseases on staple and F&V crops.

India’s agrochemical industry is expected to grow 8-10 percent by 2025, according to data by the Federation of Indian Chambers of Commerce & Industry (FICCI). Presently, India is the fourth-largest producer of agrochemicals after the US, Japan, and China. Its key segments include insecticides, fungicides, herbicides, bio-pesticides, and others. Agropages provides insightful industry information, deep market analyses, product searches, professional database, market reports, and personalized online marketing solutions for brand establishment.

Elaborating upon this recognition, Mr. Vimal Alawadhi, Managing Director, Best Agrolife Ltd. said, “In FY20, India’s market was valued at Rs. 40,000 crore, with domestic consumption being Rs. 20,000 crores. It feels great to be recognized as a prominent player in a market of this potential. The agrochemical sector is highly impacted by the domestic agriculture sector and exports. Therefore, our significant efforts have always been dedicated to catering our end-buyers’ needs at priority. The end buyer of our products is farmers, our product workshops, seminars and awareness sessions are streamlined to make the farmers fully aware and aim for the betterment of their crops.”