when ace integrated list at nse emerge and can it is go up side or flat i think share is new in terms of business so it shoild be fency for operaters as well as for investors because india is a big country having second largest population in the world hence recruitment service provider company is having large scope kindly advise if i am correct
Technically, there is no positivity left in Ace (based on its PE/PB/cash-flow - also its bookvalue got beaten down in last two fiscals) - this is the reason why RIIs are staying away from Ace. But, because of some reason - this SME is attractive to HUFs and NIIs and they''re buying it in huge quantity. My prophecy is that, Ace could do well in near-future itself (because of its area of expertise). We cannot expect it to be another GlobalEducation/QuessCorp - but it should give atleast 25-30% returns every year. Keep an eye on big-deals happening - so that we can understand the sentiment of big B''s on Ace at https://www.nseindia.com/products/content/equities/equities/bulk.htm
no excitement in this stock. it will remain laggard. this should be sold and instead invest in much better sme available in open market with good business.
Hello, Market Gurus, In SME''s is there a reserve portion like main steam IPO ? What % is reserve for RII in ACE Integrated Sol what will be basis of allotment.
I''m not a market guru. But, to answer the question - there is reserved portion for SME IPOs also (but that differs for each and every SME issue; so you should look at RHP of that issue to get exact reservations). Usually, 1. First will be MarketMaker''s (mostly LeadManager''s portion) portion which usually will be 5% of total issue. 2. Retail portion which will be atleast 50% (mostly it will be set as 50% of total issue) 3. NII+QIB portion will be whatever is left-over on the table by other two categories (therefore usually it will be 45%).
Example Infobeans reserved portion is, 5% for Marketmaker 47% for Retail 38% for QIB 10% is for NII
For Madhav Copper reserved portion is, 5% for Marketmaker 50% for Retail 45% is for NII (QIB is also included as part of NII - no separate category)
I couldn''t believe subscription figures of Ace (so far - at 2:40pm - PFB).
RII portion is subscribed one-fourth that of NII''s and Corporates (NII) have subscribed more than individuals (NII). DFI has subscribed almost equal to MarketMaker''s portion.
Bid Details for ACEINTEG as on 05-Jul-2017 14:40:01 IST Sr. No Category No of shares bid for 1 Qualified Institutional Buyers(QIBs) 84,000 1(a) Foreign Institutional Investors(FIIs) 0 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 84,000 1(c) Mutual funds 0 1(d) Others 0 2 Non Institutional Investors 19,02,000 2(a) Corporates 9,87,000 2(b) Individuals(Other than RIIs) 9,15,000 2(c) others 0 3 Retail Individual Investors(RIIs) 5,19,000 3(a) Cut Off 0 3(b) Price bids 5,19,000 Total 25,05,000
One of the key clientele of ACE is TCS which shows clearly the deliverable and highest level of ehtics in the company...poised for multi bagger in times to come....No listed peer in this segment hence will get more traction of investor....Go guys go and apply
I suppose the issue price of Rs 40 at around 15 odd PE...the company is unique in the segment of assessment of candidate before recruitment. country with billions of population can give uplift to the future of the company.....If company like quess corp and team lease can trade at around 99 PE and 34 PE then ACE seems to be attractively priced.... No peer comparison hence should give thumb up to ACE IPO
🌅 Dehradun based real-estate developer, Pushpanjali Realms and Infratech is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.Pushpanjali Realms proposes to raise Rs 14.55 crores through the issue of 26,46,000 shares of face value of Rs. 10/- each for cash at a price of Rs. 55/- per equity share. The equity shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited (NSE). Sarthi Capital Advisors Pvt Ltd is the sole Lead Manager for the issue.
👤 Deepak Mittal, aged 40 years, is company''s promoter and managing director. Mittal has more than 11 years in hospitality and real estate Industry.
😠Pushpanjali enjoys a sizeable and diverse portfolio of projects in Dehradun, Uttarakhand, where it plans to execute residential flats in range of 1BHK, 2BHK, 3 BHK and 4 BHK for customers across all income groups and spread in all over the city. Strategic locations of its projects in high economic growth areas strengthen the stability of its revenues streams and enhances its ability to close financing arrangements for its projects.
ðŸ¢ðŸ¡ðŸ¢Currently, the company has two ongoing projects in Dehradun, one is “Eminent Heights†with total area of 64,800 sq ft and second is “Orchid Park†with total land area of 2,02,500 sq ft. Both these projects have got all required clearances and are likely to be monetised over the next 12 to 18 months. Pushpanjali has built a strong established brand name in a short-time with a good execution track record
🎢Pushpanjali enjoys a strong financial track record. In the last four years between FY14 to FY17, the company has consistently improved its financial performance IN FY-14, it started with a small revenue base of Rs 1.16 crore which has multiplied over 18x to touch Rs 18.48 crs in December 31, 2016. Likewise, EBIDTA from operations has also grown significantly from Rs 0.03 crs in FY14 to touch Rs 1.35 crore in in December 31, 2016. WHile net profit has grown from a small base from Rs 0.02 crs in FY14 to Rs 1.18 crs in December 31, 2016.
🛣All these improved operational metrics have got reflected in better return ratios of 19% ROCE and 20% ROE for the company as on FY17.
🤠Avinash Goraksakar research head at Joindre Capital says, ''We believe that once the proposed IPO is completed the company’s capital structure will further get a boost with the overall leverage reducing and more equity funds being used for working capital and project financing purposes. Overall we expect the operational return ratios like ROCE and ROE to improve further by FY19 on the back of confirmed visibility of the company’s existing projects which would also clearly reflect in a significant higher Topline and bottomline ahead over the next two years.''
ðŸ˜The ‘Affordable Housing for All’ is a critical policy agenda for the present Narendar Modi government. Building of 1.6 million homes was sanctioned in FY14 with a value of Rs. 41,723 crore. Approximately 11 crore houses is estimated to be required by 2022 of which 70% will be in the affordable segment. The potential investment required in this space is US$250 billion per annum as per a KPMG report thus implying a huge opportunity for HFCs focused on LMI segment.
🌉Also, the ‘100 Smart Cities’ government initiative is aimed at reshaping the urban landscape by making cities more affordable and livable. Each city selected under the scheme would be granted Rs. 100cr/year for five years.This presents a huge opportunity for the housing segment and especially for players like Pushpanjali which have positioned themselves very strongly in this segment.
Company is doing business in new segment (recruitment sector). Very few company is there in this segment. Recruitment is going online and this company has presence in all major cities. Good business model.
This is a peer company in this segment and no other company listed in this segment. It may be another Educomp Solutions. Expecting heavy gain on listing.
Capital History Year Equity Capital Remarks 201608 5 Bonus Issue 201602 2.5 Bonus Issue 201509 0.25 Bonus Issue 200212 0.01 further allotment 200009 0.0099 further allotment 199707 0.0002 Subscriber to MOA