Consumer Durables News

DreamFolks Services IPO for public subscription to open today


Events Today

BEML: to fix the record date for 1:1 issue of shares by BEML Land Assets

Coastal Corp: last day to buy shares to participate in rights issue

Yes Bank: EGM to seek shareholders’ approval for Rs 8,900 cr by Carlyle and Advent

Infibeam Avenues: to consider raising of funds & other business

IPO

DreamFolks Services

Dates:- August 24 to August 26

Price Band:- Rs 308 to Rs 326

Issue Size:- Rs 562 cr (offer for sale)

Raised Rs 253 cr from anchor investors – Smallcap World Fund, Aditya Birla, Invesco, Sundaram, Abakkus, Kuber India, Malabar India, Mirae Asset and others

AGM:

Fiem Industries (10:30 a.m.)

Jammu and Kashmir Bank (11 a.m.)

KPIT Technologies (10:30 a.m.)

Sakthi Sugars (11:30 a.m.)

Triveni Engineering (11:30 a.m.)

Tide Water Oil Co. (10:15 a.m.)

Va Tech Wabag (3 p.m.)

Wonderla Holidays (3 p.m.)

Coforge (9 a.m.)

Endurance Technologies (2 p.m.)

MAS Financial (11:30 a.m.)

Nahar Spinning (10 a.m.)

Oil & Gas Updates

Brent Crude at $100/bbl Vs $97.1/bbl

Singapore GRM at $13.8/bbl Vs $12.6/bbl

Asia Spot Gas prices at $56.3/mmBtu Vs $57.8/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net bought worth Rs. 563 cr of shares on Aug 23 (prov)

DIIs net sold worth Rs 215.2 cr of shares on Aug 23

FII F&O Cash Data:

Index futures net sell Rs 110 cr

Index options net buy Rs 6068 cr

Stock futures net buy Rs 367 cr

Stock options net buy Rs 185 cr

Total FII net buy Rs 6,510 cr in F&O

F&O Ban

Nil

Deletion:- Tata Chemical

Bulk/Block Deal

Devyani International

DUNEARN INVESTMENTS (MAURITIUS) PTE sold 2.6cr shares @ 183

Gokaldas Exports

PATHIK GANDOTRA sold 4lk shares @ 352

Corporate Announcements

Adani Enterprises and NDTV

Adani Enterprises’ unit AMG Media to acquire 100% stake in Vishvapradhan Commercial (VCPL) for an enterprise value of Rs 113.7 cr

VCPL owns warrants of RRPR Holding – promoter entity of NDTV

VCPL has exercised its right to convert the warrants into equity shares which will translate into 99.5% stake in RRPR Holding

RRPR Holding owns 29.18% stake in NDTV

As there is change in guard in the promoter entity, an open offer has been made to the public shareholders of NDTV

Open offer is to acquire 26% stake from public shareholders of NDTV at Rs 294/share

Open offer at a discount of 20% to CMP of Rs 366.2/share

Chennai Petroleum

Chennai Petroleum and IOCL will team up with banks and insurance companies to set up a 9 MTPA refinery project at Cauvery Basin Refinery for Rs 31,580 cr. Chennai Petroleum will take a 25% stake in the joint venture by investing Rs 2,570 cr. Seed equity investors in the joint venture are Axis Bank Ltd., ICICI Bank Ltd., HDFC Life Insurance Co., ICICI Prudential Life Insurance Co. and SBI Life Insurance Co.

EaseMyTrip Planners

Board of Directors to consider and approve fund raising on 26 August

ARVIND SMARTSPACES

Inks an agreement with HDFC Capital to focus on creating residential development platform.

The Platform will create overall revenue potential of upto Rs 5000 cr excluding reinvestment potential. Over the next 12 months, 6-7 projects are expected to be acquired through this platform.

Glenmark Pharma

USFDA post inspection issues form 483 with 17 observations for its Monroe, North Carolina (USA) facility.

SpiceJet

To announce Q4FY22 and Q1FY23 results on August 31.

Confidence Petroleum

To consider fund raise via equity on August 27.

Others

Paper Channel Check: Centrum

Supply demand mismatch continues to be there

Demand remains robust while Grade A mills continue to run at peak capacity utilization

Domestic demand remains robust led by education and office sectors

Prices across the paper categories have remained firm and are expected to remain firm for next couple of quarters looking at current supply and demand scenario

International paper prices are trading atleast 10-15% premium over the domestic prices

Last price hike of Rs 4/kg was taken on August 1st by West Coast Pape

Company has indicated another price hike of Rs 3/kg effective September 1st

From Bloomberg

Hindalco AGM

Plans total capital expenditure of about $8 billion over the next five years including US unit Novelis Inc., Chairman Kumar Mangalam Birla said Tuesday, while addressing shareholders of his flagship company’s annual general meeting.

Novelis has identified potential investment opportunities of $4.5 billion and Hindalco of almost $3 billion in India. 70% of consolidated cash flows will be allocated to EVs, mobility, packaging, batteries and consumer durables. Achieved targets of 100 MW of renewable capacity, plan 300 MW by FY2024-25, including 100 MW of solar power capacity with hybrid storage.

Indian Refiners’ Run Rates Come Off Recent Highs as Demand Eases

Crude processing by Indian refiners has eased from the recent highs as seasonal demand contraction allowed maintenance work at some of the plants.

The nation’s refiners operated at an average rate of 100.4% during July as against 104.5% in June and 109.7% in May, according to oil ministry data

The refineries processed 21.42 million tons of crude last month, 10.5% higher from a year earlier

State-run Indian Oil Corp., the nation’s biggest refiner, operated its nine refineries at an average rate of 103.67% of installed capacity as against 109% in June

That’s mainly because of a unit shutdown at the Panipat refinery

Hindustan Petroleum Corp. operated at an average rate of 103.2% vs 111.7% in the previous month due to a planned shutdown at its Visakhapatnam refinery

Bharat Petroleum utilized 90% of its declared capacity due to maintenance work at two of its three refineries

Reliance Industries, which runs the world’s biggest oil-refining complex in Gujarat state, operated at an average capacity of 94.7%, a small dip from June

Rosneft PJSC-backed Nayara Energy’s 20 million tons/year refinery maintained a run rate of 102% during July

Crude production from India’s oil fields fell 3.8% y/y to 2.45 million tons in July, while natural gas output was 0.4% lower y/y at 2.88 billion cubic meters

Insiders

Companies Category No. Of Shares Activity
Trent Designated Person 267 Bought
AIA Engineering Employees Immediate Relative 300 Bought
Bright Brothers Promoter 510 Bought
Vaibhav Global Promoter Group 4,000 Bought
Ujjivan Financial Designated Person 12,500 Bought
Nuvoco Vistas Promoter 55,000 Bought
M&M Designated Person 100 Sold
Safari Industries Designated Person 760 Sold
V Guard Industries Designated Person 800 Sold
Mindtree Designated Person 2,162 Sold
Avenue Supermarts Designated Person 2,750 Sold
Mphasis Designated Person 4,000 Sold
Dr. Lal PathLabs Director 10,000 Sold
Indian Hume Promoter Group 736,679 Pledged
Max Financial Promoter 900,000 Pledged
Sterling and Wilson Promoter 4,508,109 Pledged
Kuantum Papers Promoter 500,000 Pledge Release

Analyst Meetings

Polycab India to attend DART Annual Conference 2022 on 24 Aug

Ultratech Cement in meeting with host of investors on 24 Aug

Ami Organics meeting with ITI Mutual fund on 23 Aug

IndusInd Bank meeting with Matthews International Capital Management, Kotak Mutal Fund on 23 Aug

Tech M meeting with HDFC sec on 26 Aug, Elara India Conference on 6 Sept

TeamLease Services meeting with host of investors on 23 Aug

Shilpa Medicare earning call on 24 Aug

Persistent Systems meeting with Grandeur Peak Global on 24 Aug

Aptus Value Housing Finance to attend Dolat Capital conference on 24 Aug

DCB Bank attended Dolat Capital conference on 23 Aug

Mahindra Holidays & Resorts India meeting with IIFL on 24 Aug

HAL business update conference on 29 Aug

Voltas meeting with host of investors on 2,5,6,15,16 & 21 Sept

PSP Projects to attend Dolat Capital conference on 24 Aug

Sobha in meeting with Jefferies on 24 Aug

Homefirst Finance branch visit for investors on 24 Aug

Garden Reach Shipbuilders earning call 23 Aug

Grasim Industries met with Theleme Partners on 22nd Aug

APAR Industries meeting with Phillip Capital on 25 Aug

Aavas Financiers meeting with IIFL Asset Management on 23 Aug

Sonata Software meeting with IDBI Capital Markets on 24 Aug, HDFC sec IT sector conference on 25 Aug

CSB Bank to attend Dolat Capital conference on 24 Aug

Marksans Pharma meeting with host of investors on 24 Aug

Yes Bank meeting with Axis Asset Management on 23 Aug

Sygene International cancelled meeting with Bajaj Life Insurance 29 Aug

Canfinhomes attended ICICI Securities Bengaluru Corporate Day on 23 Aug

Nazara Tech to attend Dolat conference on 24 Aug, Spark Conference on 5 Sept and Elara conference on 6 Sept

Jindal Stainless Steel to attend analyst/ investor meet on 24 and 25 Aug

Aarti Drugs meeting with Dolat Capital Market on 24 Aug

Union Bank of India met host of investors on 23 Aug



Source link