I have done a bit of study on the company. It has no relation with Karuturi Global. Except the surname of promoters which is Karuturi. Calling this as a part of same group would be like saying The Times Group (owned by Jains) and Jain Irrigation Limited is from same group!
Karuturi Global Exports Limited is different from Karuturi Global Limited. Check on MCA''s website they are managed by different people. Does anyone think SEBI would have allowed the IPO if that''s not the case?
Government and RBI is doing exercise to merge small and loss making PSU banks into big banks. All big SBI, BOB, PNB, Union bank of india, Bank of India will get loss making banks. SBI already got all state banks.
It is not good for financial condition of BOB, PNB, Union bank of india, Bank of India. Merger will make financial condition of these banks very bad. Please stay away from these banks. Only SBI is good. This is forceful merger.
61. Haar Jeet| Link| Bookmark|
August 14, 2017 11:33:19 AM
Top Contributor (300+ Posts, 200+ Likes)
A story:
6 people walking through jungle, feeling hungry, found a tree of "jambo" ( don''t know the English word if any) 1 suggest let''s cut the tree, 2 no, let''s cut all big branches of it , 3 let''s cut a small branch with good quantity of bunch, 4th i climb and cut all bunches, 5th i climb up and ground there r enough which dropped by nature it self ,
so, for satisfy hunger different different type of people here
The understanding is to harm minimum for self need is the ideology and "Jain" doesn''t claim copyright on it,
Noida-based contract manufacturer Dixon plans Rs 700-crore IPO in September
NEW DELHI: Contract manufacturer Dixon Technologies plans to hit the capital markets in the first week of September for raising nearly Rs 700 crore through a public offer, which will make the Noida-based company the first Indian mobile phone producer to be listed since the launch of the ‘Make in India’ programme.
Proceeds from the sale will go to paying off half its outstanding debt of Rs 45 crore, as per the draft prospectus filed last month. Post the offer, retail investors will hold about 40% of the company.
IDFC Bank, IIFL Holdings, Motilal Oswal Investment Advisors and Yes Securities are book running lead managers to the issue.
The company, which also refurbishes mobile phones including iPhones through a partner, closed the year ended March 2017 with a revenue of Rs 2,400
60.1. Chem cho| Link| Bookmark|
August 14, 2017 9:58:50 AM
IPO Guru (2500+ Posts, 2700+ Likes)
good
59. Manofsteel| Link| Bookmark|
August 12, 2017 7:32:22 PM
Top Contributor (200+ Posts, 200+ Likes)
Does GST Affect this company? As the GST has been levied 12% now, as against earlier 14.5% VAT on frozen Meat and Fish.?
59.1. AKH| Link| Bookmark|
August 14, 2017 7:06:39 AM
IPO Mentor (900+ Posts, 700+ Likes)
If you are vegetarian, Jain or something else and not eating non veg food then you have to avoid this IPO. This is wrong belief. All pharma companies use animal enzymes, fat etc. All banking, finance companies giving money to non veg food business also. If you are investor then you need to forget these types of wrong beliefs.
57.3. MINTO| Link| Bookmark|
August 13, 2017 7:11:05 AM
Top Contributor (400+ Posts, 400+ Likes)
we are waiting all experts like septa,egeleye, Uchit, Gamble, khemka, Neotrade, Nidhike.
57.4. juju| Link| Bookmark|
August 13, 2017 10:34:45 AM
(300+ Posts, 300+ Likes)
I am relatively new here with not much knowledge but whatever little analysis I have done encourages me to Apply it for ~30% gain and thanks to it, it introduced me to another gem of a stock Avanti Feeds :)
The frontline business of either pharma or banking companies is not animal killing and processing. They had frontline business which is not hampering humanity. But this is not d case with APEX FROZEN. The money invested in this company will be again and again rolled and used for processing fishes only which will be making liable for contributing indirectly to the development of the industry. No ways this IPO should be applied being a jain atleast and who believes in principle of non-violence. And rightly said by rajguru why are u worried about others belief.... you may apply but leave it on the discretion of others who are avoiding it because of ethical principles.
Just because pharma and banks are lending to the meat industry does not make it right. An action needs to be reviewed individually based on its merits and not because the whole world thinks it is OK. It is not your right or my right but animal rights that is being ignored here.
Karturi global, its group company in the same line of business, came up with a public issue some 15 years back.Its re 1 face value share is at around rs 1.12 today.we need to be careful
company past performance and profit is good and it''s expanding . 60% of revenue comes from u.s.a I personally think should apply gmp is around 40- 50 it will give 4000 to 6000 profit on listing