Shriram Transport NCD Review: Makes the investment cut

Shriram Transport Finance Co. Ltd. (STFCL), a flagship company of Shriram group of south and one of the largest asset financing non-banking finance companies in the organised sector in India catering to first time buyers (“FTB”) and small road transport operators (“SRTOs”) for financing preowned commercial vehicles, is making an NCD (non-convertible debenture offering). Business … Read more

Bright Solar SME IPO: A risky bet for risk savvy investors only

Bright Solar Ltd. (BSL) is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems under the registered brand name of “PUMPMAN”, “BRIGHT SOLAR”, and “BRIGHT SOLAR WATER PUMP”. Business It is also engaged in EPC contracts of Solar Photovoltaic Water pumps which include supplying, installing and commissioning of the pump system along with … Read more

Rajnish Wellness SME IPO: Cash surplus investors may consider at own risk

 Rajnish Wellness Ltd. (RWL) is currently engaged in the business of selling various products in the categories ranging from consumer durables to ayurvedic personal care products. Company’s major focus area is sexual wellness, energy revitalization and personal care products. Business Changing lifestyle and awareness of health and wellness is increasing demand for sexual wellness and … Read more

Ganga Forge NSE SME IPO: Inconsistency in track record makes this issue a miss

 Ganga Forging Ltd. (GFL) is engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. Business Automotive segment include manufacturing of products catering to commercial vehicle, passenger car, three wheeler, two wheeler and tractor. Non-automotive segment include electric power transmission, dairy equipment manufacturing, agricultural, gear and gear box, crank shafts, … Read more

Rudrabhishek Enterprise SME IPO: Consider moderate investment for long-term

Rudrabhishek Enterprise Ltd. (REL) that started as a service provider expanded its service portfolio to Infrastructural services, Urban Designing and Planning, Global Information system, Building Designing service and Project Management service. Business REL is an ISO 9001:2008 Certified Company which follows good management practices. Considering its servicing portfolio, REL is a “One Stop Solution” for … Read more

Varroc Engineering IPO: Consider for long term

Varroc Engineering Ltd. (VEL) is a global tier-1 automotive component group catering to OEMs. It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle (“OHV”) OEMs directly worldwide. Business VEL is the second largest Indian auto … Read more

ICICI Prudential AMC’s Bharat 22 ETF seeks to mobilise a further Rs 6000 crore

ICICI Prudential managed Bharat 22 – Exchange Traded Fund (Bharat 22 ETF) seeks to mobilise upto Rs 6000 crore through a further fund offer. The FFO is part of the Government of India’s overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. … Read more