Retail bond issuances to touch all-time high during FY2019, NBFCs to dominate: ICRA

Retail bond issuances in the current financial year, FY2019 are likely to surpass their previous high of Rs 42,383 crore witnessed in FY2014. Much of this is expected to come from the Non-Banking Finance companies (NBFC)’s which have typically accounted for ~40% of the retail bond issuances during the FY2011-18 period; the balance being accounted … Read more

Zim Laboratories to list on BSE main board in June 2018

Laboratories Ltd. (ZLL) is a pioneer in drug delivery solutions, targeting patient convenience and adherence. ZIM stands forZeal for Innovative Medicines solutions.  It uses proprietary technologies to manufacture differentiated products making the benefits available to customers as affordable solutions. From Nagpur, Central India, ZLL is EU-GMP, WHO-GMP certified and ISO 9001:2008 accredited. It is engaged … Read more

Waa Solar SME IPO may be considered for long term

Waa Solar Ltd. (WSL) is engaged in solar power projects and is currently having installed capacity of around 28 plus MW solar power projects at various sites. Business Projects include 10.25 MW solar power project at Village Muli, District Surendranagar, in Gujarat on approx. 60 acres of land out of 92 acres land owned by … Read more

Viewing home-buyers in the same class as financial creditors a positive for real estate sector: ICRA

Treatment of home-buyers at par with the financial creditors during the insolvency proceedings of bankrupt real estate developers is a positive to shore up the confidence for home buyers and the real estate sector over the medium to long term. The Cabinet, on May 23, 2018, has approved amendments to the Insolvency and Bankruptcy Code … Read more

Palm Jewels SME IPO is priced at a huge premium; Investors may give it a miss

Palm Jewels Ltd. (PJL) is engaged in the wholesale business of gold jewellery. It essentially sells gold based chains, bracelets and necklaces while outsourcing and manufacturing of jewellery through job workers based in Ahmedabad and Mumbai. The major raw material used for making products is gold & silver. Company procures gold & silver majorly through … Read more

JM Financial Credit Solutions NCD Offering is suitable for long-tenure fixed-income investors

JM Financial Credit Solutions Ltd. (JMFCSL) is a systematically important non-deposit taking non-banking financial arm of JM Financial group. It is engaged in providing integrated financial solutions to real estate developers with a focus on residential project financing. Business As on 31.03.18, it has a list of 77 borrowers, loan order book of Rs. 7339 … Read more

Investors may give Debcock Sales SME IPO a miss

Debock Sales and Marketing Ltd. (DSML) is engaged in the business of manufacturing and trading of agricultural equipment. It manufactures and supplies range of agricultural equipment mainly Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters etc. DSML is also … Read more