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18 Comments

18. Dilip Davda   I Like It. 1|Report Abuse|  Link|Oct 18, 2022 9:57:17 AMReply
In view of the overwhelming response to this debt offering, the company has decided to close the issue today. Thus today is the last day to apply this lucrative debt issue.
17. Dilip Davda   I Like It. |Report Abuse|  Link|Jun 24, 2021 8:29:38 AMReply
Lagnam Spintex is migrating to NSE Mainboard in the near term. The process for the said move is underway. The company has announced a 5% dividend for FY21. The IPO that came at Rs. 41 per share is quoting around Rs. 28. If market sources to be believed, the textile sector is set for a booming period, and this company may be considered for investment at every decline for the medium to long term.
17.1. VMARU   I Like It. |Report Abuse|  Link|Jun 28, 2021 10:38:23 PM
Always keep away from Sugar, Textiles, Infra.
16. Dilip Davda   I Like It. 1|Report Abuse|  Link|Dec 23, 2020 11:01:35 AMReply
The company has not earmarked any allocation for any category of this NCD issue. This is something strange. Please note.
15. Dilip Davda   I Like It. |Report Abuse|  Link|Jul 11, 2020 7:14:02 PMReply
By oversight, in DISCLAIMER I missed the info on my current holding of 500 shares in Yes Bank (125 free and 375 locked-in) since last one year or so and are bought for long term investment. However, I am not applying for FPO now.
15.1. Sanjeet Mishra   I Like It. |Report Abuse|  Link|Jul 13, 2020 2:58:01 PM
Locked -in of some shares will be applicable for alloted shares from FPO?
If yes then what will be the quantity and time period?
14. Dilip Davda   I Like It. |Report Abuse|  Link|May 16, 2020 10:59:01 AMReply
As we are entering IV the phase of Lockdown in many parts of our country, it is advisable to apply on-line for this rights issue. Registered shareholders have to log on to the website of the registrar on the concerned window and follow the instructions given therein for subscribing.
13. Dilip Davda   I Like It. |Report Abuse|  Link|May 16, 2020 10:55:52 AMReply
Considering IV the phase of Lockdown and many banks working with lesser staff, it is advisable to apply for this rights issue on-line. One needs to check on their registrar's web site for the concerned window and follow the instructions given therein.
12. Dilip Davda   I Like It. 1|Report Abuse|  Link|May 16, 2020 10:53:39 AMReply
Reliance Industries ultra mega and quick rights issue after three decades is opening for subscription on 20.05.20 and will close on 03.06.20. The rights issue is at Rs. 1257 per share in the ratio of 1 share for every 15 shares held on the record date (i.e. 14.05.20) in the books of the company.

Shareholders selling their holding after the record date will get rights offer in the proportion of their holding. Many shareholders may opt for selling their rights portion from the existing holding in the secondary market to maintain their holding and leverage the holding price.
11. Dilip Davda   I Like It. |Report Abuse|  Link|Mar 27, 2019 7:53:15 PMReply
The issue stands extended till 04th April 2019 with a revised downward price of Rs. 36 per share. With this revised price, the total fund mobilization will be Rs. 10.62 cr.
10. Dilip Davda   I Like It. |Report Abuse|  Link|Feb 26, 2019 9:53:08 AMReply
Hello, this has reference to my disclaimer for the NCD issue of Indiabulls Consumer Finance Ltd. NCD Issue. As I realised proceeds of my previous bank FD investments, I have invested a part proceeds in the NCD issue of ICFL to avail regular monthly income as I am a Senior Citizen...
9. Dilip Davda   I Like It. |Report Abuse|  Link|Jul 5, 2018 6:19:38 PMReply
This issue comprises of offer for sale of 610000 equity shares and 1681200 fresh equity issue, thus out of Rs. 16.50 cr. Rs. 4.39 cr. is going to selling shareholders and the balance of Rs. 12.11 crore is only available to the company for its expansion plans.Tripling of capacity will definitely bring more income going forward, but the same is already discounted in the price of the issue.
8. Dilip Davda   I Like It. |Report Abuse|  Link|Mar 22, 2018 1:34:34 PMReply
In my review, I gave comparison of P/E with listed peer. While checking in details, I found that P/Es shown by BSE is on standalone basis while other webs are giving on consolidated basis. Thus if we compare I-Sec on consolidated basis, then it appears fully priced and in that context, my conclusion still remains same as "Subscribe for long term". For information of views, latest P/Es (as on 21.03.18) for peers are Edelweiss (28), Motilal (32), IIFL Holdings (26), JMFin (18) and Geojit (33) and the industry average of (37).
7. Dilip Davda   I Like It. |Report Abuse|  Link|Feb 3, 2018 10:50:36 AMReply
According to management, they have better performance in second half every year. Based on this assumptions, even if we take FY17 earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 41 thus making it a costly offer. Despite issuing shares in the price range of Rs. 500 to Rs. 1079 per share, promoters average cost of acquisition of share is Rs. 1.63 per share and they want public to subscribe at Rs. 115 per share. Due to these aspects, I maintain my conclusion as "Avoid".
6. Dilip Davda   I Like It. |Report Abuse|  Link|Nov 2, 2017 8:53:32 PMReply
For FY 16 and 17 company posted higher net due to foreign contracts awarded to it for servicing etc from MNCs working in India. These contracts gave better margins. ANI is confident of continuing the trends.
6.1. Bull V/s Bear   I Like It. |Report Abuse|  Link|Nov 2, 2017 11:58:06 PM
Excellent Analysis!!!

Thank you Dilip Sir.
6.2. Ruchin patel   I Like It. |Report Abuse|  Link|Nov 5, 2017 12:50:44 PM
sir i appreciate your view and analytical skills
keep it up sir
5. Dilip Davda   I Like It. |Report Abuse|  Link|Aug 9, 2017 8:31:04 PMReply
I had sent some querry to Lexus Management for which I got the following reply. I am giving it below for the benefit of our patrons

Respected Sir

I request your clarification on the following points

1. While going through your prospectus, I noticed other income of Rs. 3.57 crore for FY 17, what is it about?
Security deposit forfeited of a party for non performance of contract. However while calculating EPS, this income has not been considered

2. Your RHP is filed on 01.08.17 but there is no mention about the flood in Morbi area and its impact on the company.
The flood did not had a heavy impact on our operations. And in external risk factors we have mentioned about how natural disasters may impact our operations

3. Will your domestic and export market ratio will remain same going forward?
The ratio shall be same.

4. What will be the impact of GST?
Impact of GST is miniscule as before Excise & VAT was 27.5% cumulatively and now it is 28%. Infact GST impact is positive because now construction material is also eligible for Input tax credit.

--
With Regards,

Dilip Fultariya
CFO
Lexus Granito (India) Ltd.
5.1. JKG   I Like It. |Report Abuse|  Link|Aug 9, 2017 10:05:06 PM
Sir it''s humble request Please ask same kind of questions to Shanti Overseas Promoters

Regard
4. Dilip Davda   I Like It. |Report Abuse|  Link|Jul 12, 2016 9:15:57 AMReply
EHFL NCD offer gets overwhelming response and is closed on 11.07.16 with a total collection of around Rs.844 crore against aggregate size of Rs. 500 crore. So allotment will be on proportionate basis for all categories.
4.1. PARESH PANDYA   I Like It. |Report Abuse|  Link|Jul 12, 2016 5:10:53 PM
Mr. dilip davda, please let me know there was any reservation for retail investor? As they shown 60% for HNI and retail. If so how much for retail and what is the subscription of retail?
4.2. RISHI SAGAR   I Like It. |Report Abuse|  Link|Jul 12, 2016 6:06:10 PM
HOW TO CHECK APPLICATION AND ALLOTMENT STATUS OF NCD AND PLS TELL ANYBODY AMT BLOCK IN HIS ACCOUNT
3. Dilip Davda   I Like It. |Report Abuse|  Link|Jul 7, 2016 7:39:35 PMReply
This debt offer also has AA rating from ICRA and AA+ from BWR. Remain to be included in the main review.
2. Dilip Davda   I Like It. |Report Abuse|  Link|Sep 25, 2015 1:26:26 PMReply
This tax free bonds means your interest income is totally tax free. You do not get any rebate on investment in such bonds. Thus an interest rate of around 7.5% on such bonds means interest income under taxable scenario of around 10.7%. If one consider interest rate that are prevalent, then you get 9 to 10% on FDs that is taxable and the net in one''s hand (post 30% IT slab) comes to 7% or lower.
1. Dilip Davda   I Like It. |Report Abuse|  Link|Dec 23, 2012 4:01:38 PMReply
The things are going to benefit the investors in long run.... ,,
Good article, keep it up,

all the best and wish you hectic 2013