Month: March 2018

Bandhan Bank IPO


Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited. Bandhan received the in-principle approval of the Reserve Bank of India (RBI) for setting up a universal bank in April 2014; the banking regulator gave its final nod in June 2015. Bandhan Bank Limited is Kolkata, West Bengal based commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.

The RBI licensing norms stipulate that a new bank must have an Rs 500 crore capital. Bandhan Bank started with a capital base of Rs 2,570 crore and this has been raised to Rs 4,446 crore as on March 31, 2017.This translates into more than 26.34% capital to risk weighted assets ratio or CAR for the new bank, signifying its robustness.

With the a network of 2,546 doorstep service centers (DSCs) and 9.47 million micro loan customers, the bank has strong very hold in microfinance. Bandhan bank has 864 bank branches and 386 ATMs serving over 1.87 million general banking customers. Banks distribution network is strong in East and Northeast India, with West Bengal, Assam and Bihar.

Bandhan Bank Products:
1. Retail loans including micro loans, SME loans and small enterprise loans
2. Savings accounts, current accounts and a variety of fixed deposit accounts
3. Other banking products and services including debit cards, internet banking, mobile banking, EDC-POS terminals, online bill payment services and the distribution of third-party general insurance products and mutual fund products.

Bandhan Bank Strengths:
1. Operating Model Focused on Serving Under banked and Underpenetrated Markets (microfinance)
2. Consistent Track Record of Growing a Quality Asset and Liability Franchise
3. Extensive, Low Cost Distribution Network
4. Provide accessible, simple, cost-effective and innovative financial solutions
5. Robust Capital Base
6. Maintaining focus on micro lending while expanding further into other retail and SME lending


Performance Front

On performance front, BBL has reported total income/net profits of Rs. 7.95 cr. / Rs. 0.60 cr. (FY15), Rs. 1731.25 cr. / Rs. 275.25 cr. (FY16) and Rs. 4320.12 cr. / Rs. 1111.95 cr. (FY17). For first nine months of the current fiscal ended on 31.12.17 it has earned net profit of Rs. 957.70 on total income of Rs. 3954.51 cr.

Issue Detail:

»»  Issue Open: Mar 15, 2018 – Mar 19, 2018
»»  Issue Type: Book Built Issue IPO
»»  Issue Size: 119,280,494 Equity Shares of Rs 10 aggregating up to Rs 4,473.02 Cr
›  Fresh Issue of 97,663,910 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
›  Offer for Sale of 21,616,584 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 370 – Rs 375 Per Equity Share
»»  Market Lot: 40 Shares
»»  Minimum Order Quantity: 40 Shares
»»  Listing At: BSE, NSE



Rank  Name Net Worth  Age   Source Country of Citizenship
#1 Jeff Bezos $112 B 54 Amazon United States
#2 Bill Gates $90 B 62 Microsoft United States
#3 Warren Buffett $84 B 87 Berkshire Hathaway United States
#4 Bernard Arnault $72 B 69 LVMH France
#5 Mark Zuckerberg $71 B 33 Facebook United States
#6 Amancio Ortega $70 B 81 Zara Spain
#7 Carlos Slim Helu $67.1 B 78 telecom Mexico
#8 Charles Koch $60 B 82 Koch Industries United States
#8 David Koch $60 B 77 Koch Industries United States
#10 Larry Ellison $58.5 B 73 software United States
#11 Michael Bloomberg $50 B 76 Bloomberg LP United States
#12 Larry Page $48.8 B 44 Google United States
#13 Sergey Brin $47.5 B 44 Google United States
#14 Jim Walton $46.4 B 69 Walmart United States
#15 S. Robson Walton $46.2 B 73 Walmart United States
#16 Alice Walton $46 B 68 Walmart United States
#17 Ma Huateng $45.3 B 46 internet media China
#18 Francoise Bettencourt Meyers $42.2 B 64 L’Oreal France
#19 Mukesh Ambani $40.1 B 60 petrochemicals, oil & gas India
#20 Jack Ma $39 B 53 e-commerce China


Tara Chand Logistic Solutions Limited (TLS)

Tara Chand Logistic Solutions Limited logo

Tara Chand Logistic Solutions Limited (TLS) formerly known as Tara Chand & Sons, is engaged in serving the infrastructural needs of India since 1980 and has successfully provided comprehensive solutions to many large organization mainly engaged in providing logistic and supply chain services including transportation and warehousing, equipment rental and steel processing and distribution in India.

With over 35 years of experience, Tara Chand Logistic Solutions Limited (TLS) enjoys the distinction of being the industry leader in steel material handling and warehousing. Over the last two decades, the group has diversified into deployment of heavy lifting equipment required for infrastructure and construction projects. Company’s fleet or cranes and trailers has served across various sectors like Power, Windmill, Refinery, Steel and Urban Infrastructure (Roads, Bridges, Highways, Airports, Metros, and Gas Pipelines)

Tara Chand Logistic Solutions Limited (TLS) major clientele includes Reliance industries ltd, Larsen & Toubro ltd (seven Independent Companies), Steel Authority of India ltd, Rashtriya Ispat Nigam ltd, Oil and Natural Gas Corporation ltd, Tata Projects ltd, Hindustan Construction Company ltd, Vedanta ltd, J Kumar Infraprojects ltd, NCC ltd, Welspun Corp, ITD Cementation India ltd, Bharat Heavy Electricals ltd, Gayatri Projects Ltd, Megha Engineering & Infrastructures ltd.
Tara Chand Logistic Solutions Limited (TLS) current fleet of cranes consists of capacities ranging from 15MT to 800MT. The company has added another feather to its cap by acquiring an 800MT Liebherr crane, which will become only the second such crane to be deployed in India once it joins our fleet in April 2017.

Performance Front
Tara Chand Logistic Solutions Limited (TLS) has posted turnover/net profits of Rs. 23.98 cr. / Rs. 0.66 cr. (FY14), Rs. 39.25 cr. / Rs. 0.69 cr. (FY15), Rs. 46.22 cr. / Rs. 1.19 cr. (FY16) and Rs. 52.65 cr. / Rs. 2.63 cr. (FY17).

Issue Detail:

»»  Issue Open: Mar 13, 2018 – Mar 15, 2018
»»  Issue Type: Fixed Price Issue IPO
»»  Issue Size: 3,720,000 Equity Shares of Rs 10 aggregating up to Rs 20.46 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 55 Per Equity Share
»»  Market Lot: 2000 Shares
»»  Minimum Order Quantity: 2000 Shares
»»  Listing At: NSE SME

»» Investment Amount : 110000 Rs

Investors may consider investment for short to long term.

Sarveshwar Foods Ltd IPO

Sarveshwar Foods Ltd

Sarveshwar Foods Ltd Incorporated in 2015, but the business was founded by the late Shri Mulamal Ji in 1890, and his son the late Shri Isher Dass Gupta took it into the second quarter of the last century. The group further expanded under the vision of the current chairman, Shri Suraj Prakash Gupta (Papaji), who gave it a new direction. Currently owned and managed by the fourth generation of the family and supported by a team of able professionals.

With over 100 years of experience in sourcing and processing of traditional Basmati rice Sarveshwar Foods Ltd is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. They offer procurement, storage, milling, sorting, packaging, branding and distribution of Rice.

Company’s product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice. Along with
the varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products. They markets and distributes these organic food products under its brand “Nimbark”.

Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar’s operations are based out of the Jammu Region in the State of Jammu and Kashmir.


On performance front, Sarveshwar Foods Ltd has (on a consolidated basis) posted turnover/net profits of Rs. 241.37 cr. / Rs. 7.40 cr. (FY14), Rs. 262.50 cr. / Rs. 7.97 cr. (FY15), Rs. 355.19 cr. / Rs. 5.43 cr. (FY16) and Rs. 419.89 cr. / Rs. 12.81 cr. (FY17). For first half of current fiscal ended on 30.09.17 it has reported net profit of Rs. 7.93 cr. on a turnover of Rs. 259.39 cr. For last three fiscals, SFL has posted an average EPS of Rs. 7.09 and an average RoNW of 18.94%. Based on last three years’ average EPS asking price is at a P/E of around 12. Issue is priced at a P/BV of 1.98 on the basis of its NAV of Rs. 43.03 as on 30.09.17. If we annualize latest earnings and attribute it on fully diluted post issue equity then asking price is at a P/E of around 13 against its peers trading at 60 (LT Foods), 27 (KRBL) and 19 (Chamanlal Setia) as on 28.02.2018.

Issue Detail:

»»  Issue Open: Mar 5, 2018 – Mar 7, 2018
»»  Issue Type: Book Built Issue IPO
»»  Issue Size: 6,467,200 Equity Shares of Rs 10 aggregating up to Rs 54.97 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 83 – Rs 85 Per Equity Share
»»  Market Lot: 1600 Shares
»»  Minimum Order Quantity: 1600 Shares
»»  Listing At: NSE SME

One can apply this sme for short to long term.