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  • Unimech Aerospace Debuts at 90% Premium Over IPO Price; Shares Slip 10% Post-Listing

    Unimech Aerospace Debuts at 90% Premium Over IPO Price; Shares Slip 10% Post-Listing

    Unimech Aerospace and Manufacturing Ltd. made a remarkable debut on the Indian stock exchanges on December 31, 2024, with its shares listing at a substantial premium over the initial public offering (IPO) price.

    IPO Details and Listing Performance

    The company offered its shares in the price band of ₹745 to ₹785 per share.

    Upon listing, Unimech Aerospace’s shares opened at ₹1,491 on the Bombay Stock Exchange (BSE), marking an impressive 90% premium over the issue price.

    Similarly, on the National Stock Exchange (NSE), the shares debuted at ₹1,460, reflecting an 86% premium.

    Market Reaction and Post-Listing Performance

    Despite the strong initial performance, the shares experienced some volatility during the trading session. By late afternoon, the stock had declined by approximately 9%, trading around ₹1,350 on the BSE.

    Investor Sentiment and Subscription Details

    The IPO garnered overwhelming investor interest, being oversubscribed by 175.31 times. The retail investor portion was subscribed 56.74 times, while the non-institutional investors (NII) category was booked 263.78 times. The qualified institutional buyers (QIB) category received 317.63 times subscriptions, and the employees’ portion saw 97.81 times subscriptions.

    Company Overview

    Unimech Aerospace specializes in the manufacturing and supply of critical parts such as aero tooling, ground support equipment, electro-mechanical sub-assemblies, and other precision-engineered components for the aerospace, defense, energy, and semiconductor industries.

    Final Thoughts

    The successful listing of Unimech Aerospace underscores the strong demand for quality engineering firms in India. While the initial surge in share price indicates robust investor confidence, the subsequent volatility highlights the dynamic nature of the stock market. Investors are advised to monitor the company’s performance and market conditions closely.

  • Jagsonpal Pharmaceuticals Announces 2:1 Stock Split

    Jagsonpal Pharmaceuticals Announces 2:1 Stock Split

    Jagsonpal Pharmaceuticals, a well-established small-cap player in the pharmaceutical sector with a market capitalization of ₹1,904 crore, has revealed the record date for its first-ever stock split. This strategic move aims to improve stock liquidity and make the shares more accessible to a broader base of investors, further enhancing market participation. 

    Details of the Stock Split

    • Current Face Value: ₹5 per share.
    • New Face Value: ₹2 per share.
    • Stock Split Ratio: 2:1 (each share will split into two).
    • Record Date: January 8, 2025.

    The announcement came after shareholder approval via a postal ballot on December 11, 2024, and subsequent ratification by the Board of Directors on December 17, 2024. The subdivision reflects the company’s long-term vision to attract new investors while increasing trading activity and liquidity in its stock.

    Financial Performance

    Jagsonpal Pharmaceuticals has demonstrated remarkable growth over recent quarters:

    • Q2 FY25 Net Profit: ₹11.46 crore, reflecting a 53.41% increase from the same period last year.
    • Q2 FY25 Revenue: ₹74.69 crore, up 29.15% from ₹57.83 crore in the corresponding quarter of the previous year.

    This robust financial performance underscores the company’s ability to leverage operational efficiencies and respond effectively to growing demand for its pharmaceutical products.

    About Jagsonpal Pharmaceuticals

    Founded in 1972, Jagsonpal Pharmaceuticals has built a strong legacy in the Indian pharmaceutical industry. The company specializes in the manufacturing and trading of pharmaceutical products and active pharmaceutical ingredients (APIs), offering a diverse portfolio to meet various healthcare needs. Over the years, it has maintained a reputation for innovation, quality, and customer trust.

    Impact of the Stock Split

    The 2:1 stock split is expected to significantly impact the company’s market dynamics. By lowering the price per share, the split will make Jagsonpal’s stock more affordable for retail investors, thereby expanding its investor base.

    This corporate action does not alter the company’s overall market capitalization but is anticipated to boost liquidity, enhance trading volumes, and solidify its presence in the market.

    Coupled with its impressive financial performance and a legacy of over five decades in the pharmaceutical industry, this move positions the company for continued success and greater investor interest. 

    With its strategic focus and consistent growth trajectory, Jagsonpal Pharmaceuticals is poised to achieve new heights in the thriving healthcare sector.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Jai Balaji Industries Announces 5:1 Stock Split to Enhance Liquidity

    Jai Balaji Industries Announces 5:1 Stock Split to Enhance Liquidity

    Jai Balaji Industries Ltd, a leading name in the Indian iron and steel industry, has announced its first-ever stock split, aimed at increasing liquidity and attracting a broader base of investors. As per the company’s recent filing, each equity share with a face value of ₹10 will be subdivided into five shares with a face value of ₹2. The record date for the stock split is set for January 17, 2025, ensuring shareholders on this date are eligible for the split.

    Stock Split Details

    • Current Face Value: ₹10 per share.
    • New Face Value: ₹2 per share.
    • Split Ratio: 5:1 (one share splits into five).
    • Record Date: January 17, 2025.
    • Paid-up Capital: Unchanged at ₹1,82,45,02,860.

    This strategic move is designed to improve the stock’s affordability, especially for retail investors, while enhancing trading volumes and overall market liquidity.

    Financial Performance

    Despite challenges in the industry, Jai Balaji Industries has demonstrated resilience:

    • Q2 FY25 Revenue: ₹1,556.6 crore, marking a slight 0.6% increase year-on-year.
    • Q2 FY25 Net Profit: ₹153.2 crore, down 24% YoY, reflecting market pressures.
    • EBITDA Growth: 7% increase, rising to ₹228.3 crore in Q2 FY25 from ₹213.4 crore in Q2 FY24.
    • H1 FY25 Revenue Growth: 8% increase year-on-year, coupled with a robust 30% growth in EBITDA.

    The company’s EBITDA margin improved to 14.7%, up from 13.8% in the previous year, showcasing operational efficiency and cost management.

    About Jai Balaji Industries

    Established in 1999, Jai Balaji Industries is a fully integrated steel producer with a diverse product portfolio, including:

    • Core Products: Sponge iron, pig iron, steel billets, and TMT bars.
    • Specialized Offerings: Ductile iron (DI) pipes and special-grade ferroalloys.

    With four state-of-the-art production facilities in West Bengal and Chhattisgarh, the company is among the largest private steel manufacturers in Eastern India. Its exports span major international markets, strengthening its global footprint.

    Growth Initiatives and Market Outlook

    Jai Balaji Industries has ambitious expansion plans:

    • DI Pipe Production: Targeting an increase to 4 lakh tons.
    • Value-Added Products: Aiming for these to contribute 80% of revenue.
    • Revenue Goals: Anticipating a 25-30% increase in revenue for FY25.

    The announcement of the 5:1 stock split marks a pivotal moment in Jai Balaji Industries’ journey, signaling its commitment to enhancing shareholder value and accessibility.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Shriram Finance Announces Stock Split in 5:1 Ratio

    Shriram Finance Announces Stock Split in 5:1 Ratio

    Shriram Finance Ltd, a prominent non-banking financial company (NBFC) in India, has announced a stock split in the ratio of 5:1, reducing the face value of its equity shares from ₹10 to ₹2 each. The company has fixed January 10, 2025, as the record date to determine shareholder entitlement for the stock split.

    Details of the Stock Split

    • Old Face Value: ₹10 per share.
    • New Face Value: ₹2 per share after the split.
    • Stock Split Ratio: 5:1 (each existing share will split into five).
    • Record Date: January 10, 2025.

    This corporate action, approved by shareholders through a postal ballot on December 20, 2024, is aimed at enhancing the stock’s liquidity and making it more affordable for a larger pool of investors.

    Rationale Behind the Stock Split

    The stock split is being undertaken to:

    1. Boost Liquidity: By increasing the number of outstanding shares, the company aims to enhance tradability and attract retail investors.
    2. Enhance Accessibility: Lower per-share prices make the stock more affordable to a wider range of investors.
    3. Align with Growth Objectives: Reflecting strong financial performance, this move supports the company’s mission to expand its investor base.

    Performance and Financial Highlights

    Shriram Finance has displayed robust financial performance in recent quarters:

    • Q2 FY25 Results:
      • Revenue: ₹10,096.7 crore.
      • Net Profit: ₹2,027.3 crore.
    • H1 FY25 Results:
      • Revenue: ₹19,693.8 crore.
      • Net Profit: ₹4,051.9 crore.
    • Market Cap: Over ₹1.17 lakh crore.

    Its price-to-earnings (PE) ratio stands at 17x, below the industry average of 25x, reflecting potential undervaluation.

    About Shriram Finance

    As a flagship entity of the Shriram Group, Shriram Finance is among the largest NBFCs in India with:

    • Assets Under Management (AUM): Over ₹2.43 trillion.
    • Customer Base: Servicing 90.26 lakh customers across India.
    • Network: 3,149 branches and 77,764 employees.

    The company offers diverse financial solutions, including commercial vehicle loans, MSME loans, personal loans, and green financing through its newly launched Shriram Green Finance vertical.

    The stock split reflects Shriram Finance’s confidence in its growth trajectory and commitment to enhancing shareholder value. With its strong financial fundamentals and strategic focus on expanding its offerings, the company remains a key player in India’s NBFC sector.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • ITC Announces Record Date for Demerger of Hotels Business

    ITC Announces Record Date for Demerger of Hotels Business

    Kolkata-based conglomerate ITC Ltd has announced January 6, 2025, as the record date for the much-anticipated demerger of its hotels business into a standalone entity, ITC Hotels Limited (ITCHL). The separation is set to take effect on January 1, 2025, following approvals from the National Company Law Tribunal (NCLT) and other regulatory bodies.

    Key Details of the Demerger

    • Effective Date: January 1, 2025.
    • Record Date: January 6, 2025.
    • Shareholder Entitlement: Shareholders will receive 1 share of ITC Hotels for every 10 shares of ITC held.

    The decision aims to unlock value for shareholders by enabling the hotel business to operate as an independent entity, focused solely on the hospitality sector. ITC will retain a 40% stake in the new entity, while 60% of ITC Hotels’ equity will be distributed among existing ITC shareholders in proportion to their holdings.

    Approvals and Milestones

    The demerger process has cleared several key hurdles:

    • Shareholder Approval: In June 2024, the proposal was overwhelmingly approved, with 99.6% of public institutions and 98.4% of public non-institutions voting in favor.
    • NCLT Clearance: The Kolkata Bench of the NCLT sanctioned the demerger in October 2024, and ITC received a certified copy of the order on December 16, 2024.
    • CCI Approval: The Competition Commission of India approved the scheme in May 2024.

    Performance of ITC’s Hotels Business

    ITC’s hotel segment has demonstrated strong growth in recent quarters, driven by improved operational efficiencies and demand from leisure, retail, and MICE (Meetings, Incentives, Conferences, and Exhibitions) segments.

    • Revenue Growth: 12.1% year-on-year (YoY) growth in the September 2024 quarter.
    • EBITDA Margin Expansion: Improved by 70 basis points (bps) YoY.
    • RevPAR: Higher Revenue Per Available Room has bolstered profitability.

    Strategic Rationale Behind Demerger

    ITC’s hotels business, which has matured significantly, is now poised to operate independently. The demerger enables ITC Hotels to focus on a dedicated growth strategy and an optimized capital structure, while ITC Ltd can concentrate on its core businesses such as FMCG, tobacco, and agri-products.

    Post-Demerger Dynamics:

    • ITC Hotels will operate independently but will pay a royalty to ITC for brand usage.
    • ITC is consolidating its holdings in hospitality rivals such as EIH (Oberoi Group) and HLV (Leela Group) to strengthen its position in the sector.

    The move signifies ITC’s commitment to fostering long-term growth for its businesses while addressing the unique dynamics of the hospitality industry.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • KPI Green Announces Bonus Issue and Key Developments

    KPI Green Announces Bonus Issue and Key Developments

    KPI Green Energy Limited has garnered investor attention with its announcement of a bonus issue in a 1:2 ratio, alongside significant business developments. The company, a leading player in renewable energy, continues to solidify its position in the industry with robust financial performance and strategic partnerships.

    Bonus Issue Details

    KPI Green Energy has fixed Friday, January 3, 2025, as the record date to determine the eligibility of shareholders for the proposed bonus issue. Under this scheme, shareholders will receive 1 equity share of ₹5 each for every 2 existing equity shares held. 

    This move is seen as a strategic initiative to reward shareholders and enhance the liquidity of the company’s stock in the market.

    Major Business Developments

    In a notable business expansion, KPI Green Energy has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop hybrid solar and wind power projects in Jaisalmer (Ramgarh).

    The Government of Rajasthan has assured assistance in obtaining the necessary permissions and clearances, aligning with the state’s policies to promote renewable energy. This partnership underscores the company’s focus on scaling its clean energy solutions while contributing to India’s renewable energy goals.

    Financial Performance

    KPI Green Energy reported a stellar financial performance for Q2 FY25, marked by:

    • Revenue Growth: Revenue surged by 67% to ₹359.7 crore, compared to ₹215.1 crore in Q2 FY24.
    • EBITDA Increase: EBITDA rose by 87% to ₹134.4 crore, showcasing operational efficiency.
    • Profit Surge: Profit After Tax (PAT) more than doubled, increasing by 101% to ₹69.8 crore from ₹34.7 crore in Q2 FY24.

    The company’s consistent financial performance highlights its ability to scale operations efficiently while maintaining profitability.

    Landmark Project with Coal India Limited

    KPI Green Energy recently secured its largest-ever order from Coal India Limited (CIL) for the installation of a 300 MWAC ground-mounted solar PV plant. Valued at ₹1,311 crore, this project will include Operation and Maintenance (O&M) services for five years.

    The project will be executed on an EPC (Engineering, Procurement, and Construction) basis, further strengthening the company’s portfolio in large-scale renewable energy projects.

    As it expands its footprint in solar and hybrid energy, KPI Green Energy remains a compelling growth story in India’s renewable energy sector.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Bharat Global Developers Ltd. Announces Bonus Issue and Stock Split

    Bharat Global Developers Ltd. Announces Bonus Issue and Stock Split

    Ahmedabad-based Bharat Global Developers Ltd. has announced its first-ever bonus issue and stock split, aiming to reward shareholders and increase trading liquidity. The company, known for its operations across multiple sectors including real estate, agriculture, and infrastructure, continues to strengthen its market presence with this strategic corporate action.

    Record Date for Bonus & Stock Split

    The company has set December 26, 2024, as the record date for both the bonus issue and stock split. Shareholders must hold shares by December 25, 2024, to be eligible for these benefits.

    Bonus Issue Details

    Bharat Global Developers announced an 08:10 bonus issue, granting eight new shares for every ten shares held. This issuance reflects the company’s strong performance and commitment to enhancing shareholder value.

    Stock Split Details

    Additionally, the company approved a stock split, where each equity share with a face value of ₹10 will be split into ten shares with a face value of ₹1. The split aims to make shares more affordable and improve market liquidity.

    Financial Performance

    Q2FY25 Results:

    • Revenue from Operations: ₹216.35 crore (+300% QoQ)
    • Net Profit: ₹10.10 crore (+298% QoQ)
    • Market Cap: Over ₹11,000 crore

    The company secured major contracts, including a ₹120 crore infrastructure order from Reliance Industries Ltd. and a ₹650 crore annual supply contract with Tata Agro & Consumer Products. These deals underscore its growing industry footprint and robust operational capabilities.

    About Bharat Global Developers Ltd.

    Established in 1992, Bharat Global Developers Ltd operates across sectors including real estate, agriculture, and infrastructure development. The company is involved in land acquisition, construction, property management, and the trading of packaging materials. Its diversified portfolio highlights its commitment to growth and market leadership.

    With a strong financial track record and a robust order book exceeding ₹1,500 crore, the company continues to deliver exceptional shareholder returns while expanding its operations into emerging sectors like AgriTech, Defence, and Green Energy.

    Bharat Global Developers’ first-ever bonus issue and stock split demonstrate its confidence in future growth while making its shares more accessible to a broader investor base.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Kamdhenu Ltd. Announces Stock Split to Enhance Liquidity and Accessibility

    Kamdhenu Ltd. Announces Stock Split to Enhance Liquidity and Accessibility

    Kamdhenu Ltd., a leading steel products manufacturer in India, has announced its first stock split. The company’s board approved dividing each equity share with a face value of ₹10 into ten shares with a face value of ₹1. This decision aims to boost stock liquidity and make shares more affordable for small investors.

    Key Stock Split Details

    • Record Date: January 8, 2025
    • Stock Split Ratio: 1:10 (One equity share of ₹10 converts into ten shares of ₹1 each)
    • Reason: To increase liquidity, enhance retail participation, and make shares more accessible

    The company also updated Clause V of its Memorandum of Association to reflect the higher number of shares after the split.

    Financial Highlights

    Kamdhenu has demonstrated consistent growth through impressive financial performance:

    Q2FY25 Results:

    • Net Sales: ₹190.2 crore (+3% YoY)
    • Net Profit: ₹15.9 crore (+56% YoY)

    H1FY25 Results:

    • Net Sales: ₹374.7 crore (-5% YoY)
    • Net Profit: ₹31.3 crore (+41% YoY)

    FY24 Annual Figures:

    • Net Sales: ₹721.7 crore
    • Net Profit: ₹50.13 crore

    The company’s return on equity (ROE) of 27% and return on capital employed (ROCE) of 35% highlight its strong operational efficiency. Kamdhenu’s market cap exceeds ₹1,400 crore, with notable improvements in working capital and debtor days.

    Stock Fundamentals

    Kamdhenu Ltd. continues to showcase strong financial fundamentals and operational efficiency:

    • PE Ratio: 23.28 (lower than the sector average of 29.32, indicating value)
    • ROE: 21.11% (reflecting effective use of shareholders’ capital)
    • Debt-Free: A debt-to-equity ratio of 0 ensures financial stability.
    • Interest Coverage Ratio: 122.51, showing robust earnings to meet obligations.
    • Promoter Shareholding: 49.83%, following a recent reduction of 7.21%.
    • Mutual Fund Holdings: Stable at 0.18%.

    About Kamdhenu Ltd.

    Founded in 1994, Kamdhenu Limited leads India’s steel and paint manufacturing industry. Its diverse product range includes TMT bars, structural steel, color-coated sheets, paints, plywood, and more. With over 11,500 dealers and distributors nationwide, the company operates through a robust franchisee model.

    The stock split marks a strategic step to enhance liquidity and attract retail investors, aligning with Kamdhenu Ltd.’s vision for long-term growth.

    Disclaimer: This article is for informational purposes only and should not be considered investment advice.

  • ⁠Aayush Wellness Announces Bonus Issue Amid Strategic Expansion

    ⁠Aayush Wellness Announces Bonus Issue Amid Strategic Expansion

    Aayush Wellness Limited has approved a bonus issue of 1,62,25,000 equity shares in a 1:2 ratio, granting one bonus equity share for every two shares held. The company will determine eligible shareholders on Thursday, December 26, 2024, the record date.

    Details of the Bonus Issue

    The bonus issue highlights Aayush Wellness’s robust financial health and its dedication to rewarding shareholders. At the current market price (CMP) of ₹104.28 per share, the bonus distribution represents a significant ₹169.19 crore.

    In addition to the bonus issue, the company announced a ₹49.90 crore rights issue to finance business expansion and strategic acquisitions. This move offers existing shareholders more investment opportunities at a discounted price.

    Financial Performance

    Aayush Wellness has delivered exceptional financial results in recent quarters:

    Q1FY25 Highlights:

    • Revenue: ₹1110.56 lakh (a 6300% YoY growth from ₹17.35 lakh in June 2023)
    • Net Profit: ₹25.49 lakh (a 183.56% YoY increase from ₹8.98 lakh)

    The company attributes this remarkable growth to product innovation, expansion into key markets, and rising consumer demand across its healthcare and wellness segments.

    About Aayush Wellness Limited

    Founded in 1989, Aayush Wellness Limited (BSE Scrip Code: 539528) is an ISO 9000 & 22000-certified company specializing in health and wellness solutions. With its commitment to quality and innovation, the company consistently sets industry benchmarks and enhances lives globally through its diverse product range.

    Products & Market Expansion

    Aayush Wellness continues to expand its presence in the health and wellness sector with a diversified product portfolio:

    Herbal Pan Masala:

    This tobacco-free, supari-free, and spit-free product is made with ayurvedic ingredients, targeting India’s ₹44,973 crore Pan Masala market. To boost affordability and market reach, the company introduced a ₹10 sachet in response to overwhelming demand.

    Nutraceuticals & Beauty Products:

    • Dream Sleep Gummies: Formulated with melatonin, L-tryptophan, chamomile, and Brahmi, these gummies promote restful sleep.
    • Beauty Vitamins Gummies: Packed with vitamins C, biotin, and glutathione, these gummies support healthier skin, hair, and nails.

    The company is strengthening its online presence through its e-commerce platform, ensuring wider product availability across India and beyond.

    Disclaimer: This article is for informational purposes only and should not be considered investment advice.

  • Linc Ltd Declares 1:1 Bonus Issue and Stock Split

    Linc Ltd Declares 1:1 Bonus Issue and Stock Split

    Linc Ltd., a prominent player in India’s stationery market, has announced its first-ever bonus issue and stock split. This significant milestone reflects the company’s commitment to rewarding shareholders and enhancing stock liquidity while underscoring its dedication to shareholder value.

    Record Date for Bonus and Stock Split

    The company has set December 20, 2024, as the record date. Shareholders must ensure their shares are held in their demat accounts by December 19, 2024, to qualify for the bonus shares and stock split benefits.

    Bonus Issue Details

    Linc Ltd. will issue a 1:1 bonus, granting one additional share for every share held by existing shareholders. While the record date is set for December 20, 2024, the company has not yet announced when the bonus shares will be credited.

    Stock Split Details

    The stock split will divide one equity share with a face value of ₹10 into two shares with a face value of ₹5 each. By reducing the price per share, Linc aims to make its stock more affordable and attract a wider investor base.

    Significance of the Announcement

    This dual corporate action demonstrates Linc’s confidence in its growth prospects. By doubling the number of outstanding shares, the company enhances stock liquidity while maintaining overall shareholder equity. These actions are expected to boost trading activity and improve market accessibility.

    About Linc Ltd.

    Linc Ltd., formerly known as Linc Pen & Plastics Ltd., and a competitor of DOMS and FLAIR, is one of India’s leading manufacturers of writing instruments, with operations in over 50 countries. Its diverse product portfolio includes ball pens, gel pens, pencils, and other stationery items.

    Linc also serves as the exclusive distributor in India for Deli, Asia’s largest stationery brand, and Uni-ball, a renowned Japanese brand by Mitsubishi Pencil Co. Through its commitment to quality and innovation, Linc has solidified its position as a global leader in the stationery industry.

    Financial Performance of Link Ltd.

    Q2, FY25 Results:

    • Total Income: ₹13,728 crore (+3.1% YoY)
    • EBITDA: ₹1,630 crore (+12.2% YoY)
    • EBITDA Margin: 11.9% (+97 basis points YoY)
    • Profit After Tax (PAT): ₹879 crore (+14% YoY)

    Linc’s robust financial performance highlights its operational efficiency and resilience in the market, driven by consistent innovation and diversification.

    With this landmark bonus issue and stock split, Linc Ltd. reinforces its growth trajectory and strengthens its commitment to shareholder value and long-term market expansion.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.