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Month: February 2021

IPO update: Heranba Industries public issue to open next week; check issue price, size, other details

IPO update: Heranba Industries public issue to open next week; check issue price, size, other details

Continuing the spree of initial public offerings (IPO), agrochemical firm Heranba Industries’ public issue will open for subscription next week. The Gujarat-based agrochemical company is looking to raise Rs 625 crore from capital markets through the issue which will be a mix of an Offer for Sale (OFS) by existing shareholders and a fresh issue of equity shares. Heranba Industries will join peers such as Rallis India, Dhanuka Agritech, Sumitomo Chemical India, and PI Industries, among others on the stock exchanges.

Heranba’s IPO includes an OFS by promoters Sadashiv K. Shetty and Raghuram K. Shetty. Along with the promoters, Babu K. Shetty, Vittala K. Bhandary, and SAMS Industries Limited. The promoters will be seeling more than 81.22 lakh equity shares. Fresh issue portion of the IPO will be worth Rs 60 crore. Heranba will only be receiving this portion of the issue amount. The company, in its RHP, said that the firm plans to use the amount to fund working capital requirements and to fund expenditures for general corporate purposes.

Investors can bid for the issue in the price band of Rs 626-627 per share. The minimum bid size has been decided at 23 equity shares and multiples thereafter. This would translate into a minimum bid price of Rs 14,421. The issue opens for subscription on February 23 and closes on February 25. 50% of the issue will be reserved for Qualified Institutional Buyers (QIB), 15% will be available for Non-Institutional Investors (NII) and the remaining 35% is for Retail investors. 

Axis Capital in a note earlier said that the FY20 EPS of the company is Rs 25.03, with a return on net worth of 30.47%. Peers such as Rallis India and Sumitomo Chemicals currently trade at a P/E ration of 29.67 and 72.11.

Heranba Industries earns 49% of its revenue from exports, whereas 87% of the revenue comes from institutional customers. The company has a diverse customer base with only 20% of the total revenue coming from the top 10 customers. The company exported their products to more than 60 countries in Latin America, CIS, Middle East, Africa, Asia and South East Asia in the previous fiscal year. Heranba’s management said that it has started the process of entering developed markets such as the USA and Europe.

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Petrol at Rs 89 in Delhi, inches towards Rs 100-mark in Rajasthan

Petrol at Rs 89 in Delhi, inches towards Rs 100-mark in Rajasthan

Petrol and diesel prices on Monday were hiked for the seventh day in a row as a rally in international oil prices took retail rates in India to new highs.

Petrol price was increased by 26 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers.

This pushed retail rates, which differ from state to state depending on the incidence of local sales tax or VAT and freight charges, to their highest level.

The hike took petrol price in Delhi to a record Rs 88.99 per litre and to a highest-ever rate of Rs 95.46 a litre in Mumbai.

Diesel rate climbed to Rs 79.35 a litre in Delhi and to Rs 86.34 in Mumbai.

Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices.

In Sriganganagar town of the state, petrol soared to Rs 99.56 and diesel to Rs 91.48 per litre.

The Rajasthan government had late last month cut VAT on petrol and diesel by 2 per cent. Despite this, the state has the highest VAT at 36 per cent plus Rs 1,500 per kilolitre road cess on petrol. On diesel, the state levies 26 per cent and Rs 1,750 per kilolitre road cess.

Branded or additive mixed petrol on Sunday crossed Rs 100-mark at some places in states like Maharashtra and Madhya Pradesh.

Branded petrol at Sriganganagar was priced at Rs 102.34 a litre and similar grade diesel at Rs 95.15.

The main difference between regular and premium fuel grades is the octane number. Regular fuel has a lower octane number — 87, while premium fuel generally gets a 91 octane rating or higher.

Octane number is a measure of the ignition quality of fuel — higher the number, the less susceptible is the fuel to ‘knocking’ when burnt in a standard engine.

In seven straight days, prices have gone up by Rs 2.04 per litre for petrol and Rs 2.22 for diesel.

The relentless hike in prices has been criticised by the opposition parties including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.

A six-hour bandh called by the party in Odisha affected normal life on Monday.

Oil Minister Dharmendra Pradhan last week had told Parliament that the government is not considering a reduction in excise duty to cool rates from their record highs.

Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.

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  2. How to find reliable and genuine advisory company in Indian stock market?
  3. Which is the best stock advisory company in India?
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What is advisory services in the Indian Stock market?

People always need advise, recommendations or tips in the stock market and they search for advisory services so services related to stock investments and stock trading are considered as advisory services. There are pelnty of companies providing stock market advisory services but it’s difficult to find reliable and genuine advisory company so read our blog in details in order to find out about reliable stock advisory company in India.

How to find reliable and genuine advisory company in Indian stock market?

There are hundreds of advisory companies in stock market and commodity market which are giving different types of services by different mediums but it’s difficult to find genuine and reliable advisory company. Main question is that after finding any advisory company, how reliable or genuine are they? Online business is full of cheaters too who just wants to cheat innocent clients by taking money from them. But we can identify that kind of fraud people easily. You should never believe on anyone providing advisory services without SEBI registration certificate. SEBI has come up with very good law to follow compliances for all entities who are in the business of stock market advisory services and clients have to be aware about that. Those who are registered will be afraid of cheating their clients because of the rules and regulations of SEBI.

Please refer to this link for keypoints on how to find reliable and genuine advisory company. https://www.eqwires.com/tutorials/which-is-reliable-tips-provider-in-the-stock-market/#intraday-tips2

Which is the best stock advisory company in India?

Best services are meant to be consistent and quality services which gives good growth in capital. Best doesn’t mean that you will never get a loss but best advisory services mean you are getting full support and quality services on time. If a client getting overall good profit on monthly and quarterly basis, it’s called best service. One has to understand that nobody is God in this market and those who pretend to be God or Operator of this market are nothing but disguised thieves who just want to make you fool. Good results come with lot of experience and analysis. It never comes through miracles. So never believe on those who just claims big and lucrative promises like 500% to 1000% returns in intraday and all. 

Eqwires which is the best stock advisory company in India and in Top 10 SEBI registered stock advisory company in India is purely focusing on clients’ satisfaction with maximum client retention ratio. Our services are very clear and well defined where no false commitment or lucrative schemes are there. We just commit what we can deliver and we have delivered in last few years. Our team are well experienced and they have grip on market movement so they can minimize risk by predicting market direction on time. Eqwires has been always in a list of top 10 stock advisory company in India.

Which are Top 10 SEBI registered stock advisory company in India?

There are plenty of firms/companies/individuals who are into the business of stock market advisory services and it’s difficult to find top 10 amongst them because names/quality/efficiency are changin frequently with the movement of markets. Few are best in Equity delivery and few are best in F&O but the most important thing is who delivery consitent support and good results. At Eqwires, we purely focus on delivering high quality services with consistent support and that’s the reason why Eqwires is Top rated SEBI registered stock advisory company in India. Our constant endeavour to deliver best results in trading and investment making Eqwires the Best stock advisory company in India.

Who are Most successful stock advisors in India?

Success doesn’t happen overnight but it happens day by day with forward progress so to be Most successful stock advisors in India, it takes years and at Eqwires, we constantly monitor our efficiency and quality of trades which we are providing to our customers. Eqwires is undoubtedly Most Successful and best stock advisory service in India because of highest client retention ratio and minimum complaints ratio in this market despite of having large number of clients. Eqwires is a No 1 Stock advisory company in India.

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Eqwires provides Best stock advisory service in India and Best paid stock recommendation sites in India which provides best stock trading recommendations, Best intraday trading tips, Best stock tips, BTST STBT trading tips, Best Investment advice and many more. We have high qualified research team to do in-depth analysis about stock market activities and provide best share trading recommendations. Eqwires provides Best stock advisory service in India and Best Stock recommendation service in India.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

info@eqwires.com

Telegram | Facebook | Twitter

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

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Which is reliable tips provider in the stock market?

Which is reliable tips provider in the stock market?
  1. Who is reliable in the Indian Stock Market?
  2. How to check reliability and authenticity of any tips provider?
  3. About reliable and most accurate stock tips provider in India.
  4. Eqwires – Best Research Analyst in India

Who is reliable in the Indian Stock Market?

Trust and reliability is most important in the Indian stock market because when it comes to reliablity, most of the service providers fail to retain their clients. If we think from trader side, it’s hard to find reliable and genuine tips provider in Indian stock market because every day they see new names on internet and full of promises websites but no results. We believe that awareness should be there in clients to identify genuine and reliable tips provider which are giving good services and have moral ethics in business. We know that there are many cheaters in this market but there are genuine service providers too. Traders have to identify the good one and they have to be aware about the same.

Eqwires is always focusing only high quality services and focus only on customer satisfaction which gives consistent growth in your capital. So people always prefer to renew our services because of the quality we have provided. Our working strategies and methods are totally different and that’s the reason why people consider Eqwires as Best Research Analyst in India, Best Investment adviser in India and Genuine Equity and commodity tips provider.

How to check reliability and authenticity of any tips provider?

Few keypoints to check before trusting anyone:

  1. Most important thing is to check about SEBI registration and verification of the same with SEBI website. Make sure that all the data provided by the entity to you and SEBI should be matched.
  2. Don’t follow any service provider who are only providing services in Telegram, Facebook or WhatsApp.
  3. Check registered address, website details and other information provided thoroughly and if anyone has not provided all these details properly, don’t rely on them.
  4. Don’t follow or trade on recommendation of any friend or unknown sources. Investing in unknown sources recommendations are 100% risky and can lead you to entire capital losses.
  5. If you have verified above keypoints, now you have to check whether your SEBI registered entity is capable enough to deliver high quality trading or investment recommendations? Sometimes entities get the SEBI registration by tricks but they can’t deliver the actual results and deliver quality services to their clients so you have to check their quality before enrolling for their services.
  6. Our team and management are trained to provide satisfied services rather than doing any fraudulent activities or misguiding anyone. Our management policies are very clear for all employees and they don’t do any activities against of company policy because we are here from last 11 years and it’s because of hundreds of clients’ trust and faith in us. 
  7. Eqwires is Top-Notch SEBI registered research analyst whom you can rely and trust.

About reliable and most accurate stock tips provider in India.

Eqwires, biggest and well known name in Indian stock market, is a reliable and most accurate SEBI registered research analyst which deliver high quality services to investors and traders of the Indian stock market. If you closely watch our services, they are well defined and explained in a proper manner on website rather than confusing anyone. Most of the companies shows something best on website but deliver worst services and just give false promises which make clients negative. Our team always guide you properly before opting for any services so that you are very well aware about services you are taking. 

Eqwires – Best Research Analyst in India

Eqwires is the Best SEBI registered research analyst in India because of the quality, support and innovation in our services. We purely focus on quality trading in stock market and commodity market. We don’t have any sales or marketing team who frequently calls from different numbers but we just provide quality services to our existing clients and we believe in complete satisfaction of existing clients. We don’t focus on generating new clients and forget old ones. We have best client renewal ratio in this market because we purely focus on providing satisfactory services. So in our view Eqwires is the Best SEBI registered stock advisory company in India and it’s in top in list of SEBI registered investment advisors.

Traders should keep in mind that Intraday trading in F&O or MCX Commodity is always risky so you should always be prepared to make a loss too because Intraday trading comes under high risk profile as per SEBI guidelines and you should do only if you have risk taking capacity. Never expect any miracles from any service provider though they are also providing after research and analysis but it doesn’t guarantee 100% success. 

Eqwires is a top-notch SEBI registered research analyst having high qualified research team, research facility, established infrastructure, well trained relationship managers and unique services. We have best client retention ratio of 95% in this industry which makes us Best SEBI registered stock advisory company. Eqwires is a Best intraday tips provider in India and SEBI registered Best stock tips provider.

Eqwires is Top rated SEBI registered investment advisor and No. 1 SEBI registered Stock tips provider.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

info@eqwires.com

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Call: +91 9624421555 / +91 9624461555

www.eqwires.com

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IFC picks up $56 million of Continuum Energy’s $561 million-green bonds

IFC picks up $56 million of Continuum Energy’s $561 million-green bonds

The International Finance Corporation (IFC) has picked up 10 per cent of the first green bond issuance worth USD 561 million by Continuum Wind Energy as the anchor investor. The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy’s first green bond sale closed earlier this month, the World Bank Group member said.

On February 2, PTI was the first to report that Continuum was in the market to raise USD 560 million via a six-year green bond issue. Finally, it closed the issue raising USD 561 million at a price of 4.5 per cent over the US treasury.

The bond, which had an order book of USD 3.2 billion, was rated BB+ by Fitch and Ba2 by Moody’s, and was listed on the Singapore Exchange on February 10.

The dollar-bond offering was heavily oversubscribed to almost seven times and the proceeds will primarily be used to refinance existing debt.

This investment will help Continuum maintain sustainable power generation and position it to deliver projects under development as the country emerges from the pandemic, said Isabel Chatterton, Regional Industry Director for Natural Resources and Infrastructure, Asia Pacific at IFC.

It will also help support India in its ambitions to reduce greenhouse gas emissions, at a time when private capital is most needed to fund infrastructure projects and support a green, resilient economic recovery, she added.

Continuum is one of the largest providers of renewable power to corporates in the commercial and industrial sectors, with roughly 2 GW of wind and solar projects across the country.

The company is majority-owned by the USD 4 billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners. IFC’s investment continues a relationship that began in 2014, when IFC financed Continuum’s development of a wind farm in Madhya Pradesh.

This offering enables us to further diversify our sources of funding, and we look forward to strengthening our partnership with global investors as we continue to build and grow our business, said Arvind Bansal, chief executive of Continuum.

Raja Parthasarathy, the managing director at Morgan Stanley Infrastructure Partners, said IFC’s anchor support for the Continuum’s maiden green bond issue validates the company’s strategy.

IFC is one of the largest financiers of climate-smart projects for developing countries and since 2005, it has invested USD 22.2 billion in long-term financing from its own funds and mobilised an additional USD 15.7 billion from other investors for climate-related projects.

In India, the IFC has 31-year history of investing in the power sector, committing USD 2.3 billion across 60 projects since 1989, of which 35 are renewable energy projects.

The city-based Continuum was founded in 2009 and since 2012, it is majority-owned by a fund managed by Morgan Stanley Infrastructure which focuses on long-term investments in infrastructure assets across the globe.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

info@eqwires.com

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

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