Salasar Techno Engineering Limited - a leading provider of Steel Solutions in India is planning to raise Rs. 35.87 Crore via initial public offer (IPO). Salasar Techno Engineering Limited - Company Profile Incorporated in the year 2001, Salasar Techno Engineering Limited offers customized steel fabrication and infrastructure solutions for Telecommunication Towers, Transmission Towers & Substation Structures, and Solar Module Mounting Structures. Working Area Salasar Techno
Rajasthan (Jaipur) based NBFC (non-banking finance company) Au Financiers (India) Limited is planning to raise Rs. 1912 Crore via initial public offer (IPO). Au Financiers (India) Limited - Company Profile Incorporated in the year 1996 as L.N. Finco Gems Private Limited, Au Financiers (India) Ltd is Rajasthan (Jaipur) based NBFC focused on retail segment serving (1) middle and low-income people and (2) businesses that have limited or no access to banking and finance channels. Working
Bombay Stock Exchange (BSE) owned Central Depository Services India Limited (CDSL) is planning to raise about Rs. 524 Crore through an initial public offering (IPO). Company Background Incorporated in 1999, Central Depository Services (India) Limited, a subsidiary of BSE Limited operates as a securities depository in India. CDSL offers various services including (1) account opening, (2) account statement, (3) bank account details, (4) change in address, (5) dematerialization, (6) nomination,
Gujarat (Ahmedabad) based pharmaceutical company “Eris Lifesciences Limited” is planning to raise Rs. 1741 crore through an initial public offering (IPO). Eris Lifesciences IPO will not raise any money for the company and all the shares sold in the IPO will be offered by existing shareholders. In total, 28,875,000 shares will be offered in Eris Lifesciences IPO. Company Background Started in the year 2007, Eris Lifesciences is engaged in research, development, manufacturing, and selling of
Bengaluru-based optical and data networking products company “Tejas Networks Limited” is planning to raise about Rs. 450 crore through an initial public offering (IPO). Company Background Incorporated in the year 2000, Tejas Networks Limited design, develop and sell high-performance and cost-competitive products to defense companies, government entities, internet service providers, telecommunications service providers, and utility companies in India and 60 more countries. These products are
The Reserve Bank of India (RBI) has kept the key rates unchanged in its June 2017 policy. Click here to see what FinBlab has analyzed. Reserve Bank of India kept the repo rate unchanged at 6.25% but cut statutory liquidity ratio by 50 basis points to 20%. RBI is watchful on (1) The impact of GST on prices and (2) How the monsoon will progress to take any further action. Here is a snapshot of the rates - Disclaimer: The contents and data presented here are just for your
The Reserve Bank of India (RBI) will meet on 6th and 7th of June 2017 to review monetary policy. What to Expect From RBI The Reserve Bank of India (RBI) is expected to maintain silent on the key rates in its bi-monthly monetary policy announcement because of (i) Implementation of GST and (ii) Inflation. The proposed implementation of Goods and Service Tax (GST) from July 1, 2017, and it is likely that the RBI may wish to hang around and watch the implementation of GST and its effect on
Steel Sector (Large) Q4 was again fantastic as far as Steel Sector (Large) is concern. Almost all the companies have shown strong performance in the quarter. Click here for Q3 Results. For the numbers, the profits of the companies were UP in the range of 172% to 445%, while revenues were up in the range between 12% to 60%. Steel major and market leader Tata Steel reported a stellar set of numbers for the fourth quarter on a standalone basis, which was largely boosted by an outperformance
