June 6, 2008
Keynote Capitals presents report on Temptation Foods Ltd., Indian fruits and vegetables (F&V) processing company.
Highlights
Huge potential of the Indian food processing sector
The Indian processed food business was estimated at Rs49bn in FY05. In India, less than 2% of the produced food is processed. Processing for fruits and vegetables is likely to increase to 10% and 15% in FY10 and FY15 respectively. This will drive market size to Rs290bn in FY10 and Rs546bn in FY15.
Government measures to encourage investments in the food processing sector
Various organizations such as APEDA, Ministry of Food Processing, National Horticulture Board and State Governments have launched schemes to incentivise investments in the food processing sector, particularly for setting up new processing facilities, creating backward linkages with farmers, infrastructure development, etc.
TFL is a leading player in the processed fruits and vegetables segment
TFL is largely a fruits and vegetables (F&V) processing company. Marine products bring in considerable revenues, as a result of the recent acquisition.
Experienced management
TFL is run by a team of professionals led by Mr. Vinit Kumar, who has over 16 years of experience. It is professionally managed, with both Board members and managers from reputed global consumer companies. It has set up an M&A team which constantly works on creating and executing deals.
http://www.stockmarketsreview.com/news/company_report_temptation_foods/
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June 2, 2008
Anu’s Laboratories Limited IPO Listing Info
IPO Listing Date: Wednesday, June 04, 2008
BSE Script Code: 532981
Listing in: B Group of securities
ISIN: INE450H01014
Issue Price: Rs. 210/- Per share
Face Value: Rs 10/- Per Equity Share
http://www.stockmarketsreview.com/companies_russia/
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May 30, 2008
Gokul Refoils and Solvent Ltd IPO Listing Info
IPO Listing Date: Wednesday, June 04, 2008
BSE Script Code: 532980
NSE Symbol: GOKUL
Listing in: ???B??™ Group of Securities
ISIN: INE020J01011
Issue Price: Rs. 195/-
Face Value: Rs 10/- Per Equity Share
http://www.stockmarketsreview.com/companies_china/
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May 19, 2008
Anu’s Lab IPO has got trouble due to some legal issues. Company published a letter to its investors giving the option to withdraw from the public issue because company failed to disclose a pending law suit in its Red Herring Prospectus. The law suit was files by Sunmoon Chemicals Pvt. Ltd in Nov 2007 and this case is still pending. Anu’s lab failed to disclose this in its offer document.
Due to define rules by SEBI, Company has given an option to its investors to withdraw the application with in 10 days from May 16, 2008.
This may cause some delay in share allotment and refund for Anu’s lab IPO. Investors who do not want to block their money may withdraw IPO application in next 10 days.
For more detail and discussions about IPO withdrawal options visit:
http://chittorgarh.net/t/11664123/673745/206845998/2/
http://www.stockmarketsreview.com/companies_india/
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May 12, 2008
Anu’s Laboratories Limited IPO Recommendation
Public Issue Open: May 12, 2008 to May 15, 2008
Public Issue Price: Rs 200/- to Rs 210/-
Price Earning Ratio at upper band: 14.50
Price Earning Ratio at lower band: 13.81
Anu’s Laboratory was incorporated in the year 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules.
The financial indicators of Anu’s Lab (not of other group companies) are good. The company is growing, increasing sales and profits and also increasing its profit margins. Returns on Networth and returns on capital employed are very good.
On the other hand, Anu’s Lab is a small company and present into a commodity business which makes this issue very risky. Since Anu’s Lab has a decent financial profile there are chances that it might list with a marginal listing gain. But the chances of this happening are very slim. Price earning multiple of around 15 and price to book of around 4 is too high a price to pay for Anu Labs.
We recommend to avoid the issue.
For detail analysis please visit following link:
http://chittorgarh.net/t/11633482/673745/206845998/2/
Discuss this review at:
http://chittorgarh.net/t/11633481/673745/206845998/2/
CAC 40 Companies List - http://www.stockmarketsreview.com/companies_cac40/
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May 6, 2008
Aishwarya Telecom Limited IPO Listing Info:
IPO Listing Date: Wednesday, May 7, 2008
BSE Script Code: 532975
NSE Symbol: AISHWARYA
Listing in: ???B??™ Group of Securities
ISIN: INE778I01016
Issue Price: Rs. 35/- per share
Face Value: Rs 10/- Per Equity Share
French companies list - http://www.stockmarketsreview.com/companies_france/
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May 4, 2008
Gokul Refoils and Solvent Limited IPO
Public Issue Open: May 08, 2008 to May 13, 2008
Public Issue Price: Rs 175/- to Rs 195/-
Gokul is an established player and should be able to compete well in highly competitive and inherently low margin edible oil business.
Edible oil market in India will grow considering increasing consumption and economic development of India which presents a good opportunity to Gokul.
With increasing retail share Gokul should be able to increase its net profit margins
Valuations of Gokul are very reasonable considering price earning multiple of around 8 at upper band (annualized for 8 months ending November 2007). Gokul also comperes favourably with its peers like K.S. Oil (price earning multiple of around 22) and Ruchi Soya (price earning multiple of 12). Price to book multiple of Gokul at upper band is 1.64 which is again very reasonable
Gokul has a reasonable debt with its debt equity ratio at 0.45. Return on Net Worth has improved over the years and is quite decent at 27% for the 8 months ended November 2007. Return on Capital Employed is not good at around 15%.
Based on the above parameters we recommend subscribing to the issue.
For complete analysis please visit following link:
http://chittorgarh.net/t/11602263/673745/206845998/2/
Discuss this review at:
http://chittorgarh.net/t/11602262/673745/206845998/2/
http://www.stockmarketsreview.com/companies_dax30/
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May 2, 2008
IPO Allotment Status is now available online for Aishwarya Telecom Limited IPO.
Aishwarya Telecom Limited IPO was open on April 15, 2008 and closed on April 17, 2008. IPO was oversubscribed by 20.00 times (33.99 times in retail).
Visit Chittorgarh.com to check your application status.
http://www.stockmarketsreview.com/companies_germany/
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April 26, 2008
Bafna Pharmaceuticals Ltd IPO Listing Info
IPO Listing Date: Friday, June 27, 2008
BSE Script Code: 532989
Listing in: B Group of securities
ISIN: INE878I01014
Issue Price: Rs. 40/-
Face Value: Rs 10/- Per Equity Share
http://www.stockmarketsreview.com/pricetargets_india/
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April 21, 2008
Kiri Dyes and Chemicals Ltd IPO Listing Info:
IPO Listing Date: Tuesday, April 22, 2008
BSE Script Code: 532967
NSE Symbol: KIRIDYES
Listing in: B Group of securities
ISIN: INE415I01015
Issue Price : Rs 150/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
http://www.stockmarketsreview.com/companies_ftse100/
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