Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
Arohan Financial Services Limited (Arohan) is scheduled to hold its extraordinary general meeting (EGM) on Monday, March 28, 2022. The meeting will kick off at 15.00 hours Indian Standard Time (IST) through video conference or other audio-visual means. The company is likely to consider and pass the special resolution to issue compulsory convertible debentures (CCDS) on a private placement basis aggregating to Rs 175 crore at the interest rate of 15 per cent per annum. Subscribers include Ivy Icon Solutions LLP, which will opt for 150 CCDs whereas Kiran Vyapar Limited will subscribe for 25 CCDs. Face value of CCD is Rs 1 crore each. The notice for EGM also states that the CCDs shall be converted into equity shares of face value of Rs 10 each with the period of 21 months from the date of allotment at a price which would be determined in future.The CCDs by themselves do not give any right of voting in the company. The company will also issue compulsory convertible preference shares (CCPS) on a preferential allotment or private placement basis aggregating to Rs 175 crore at an issue price of Rs 83.76 each. It includes issuance of 1,79,08,310 CCPS to Ivy Icon Solutions LLP worth Rs 150 crore. Kiran Vyapar Limited will vouch for 29,84,718 CCPS worth Rs 25 crore at the same price. The CCPS shall be converted into Equity Shares of face value of Rs 10 each at a conversion price which will be determined as per the Term Sheet tabled before the board and as will be more particularly provided for in the transaction documents which shall be executed in relation to the issue. The company will also reclassify its authorised shares capital and subsequent amendment in the memorandum of association of the company. The authorised share capital of the company is Rs 160 crore, which is divided into 16 crore equity shares with a face value of Rs 10 each.
Fincare Small Finance Bank (SFB) has deferred its listing plans as the company has postponed the launch of initial public offering (IPO) citing external factors. The small private lender has taken a hit following the covid-19 pandemic and the uncertainty in the global markets due to the conflict between Russia and Ukraine. The company has deferred its plans to July-August. In an interview with Moneycontrol, Rajeev Yadav, managing director and CEO of Fincare Small Finance Bank said that the lender will be eyeing to go public in the first possible opportunity in the next fiscal year. "We have all the regulatory approvals but the timing is largely driven by COVID and its impact on the bank and, therefore, this needs to settle down before we can go public. Obviously, global issues are also a factor at this point of time, but I am hoping that this impact will not last long. Since we have worked through the process of an IPO, we are just making sure that an appropriate window arrives for us to go public," Yadav said. Fincare SFB had filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise funds via primary issue. The company intended to raise Rs 1,330 crore through the initial stake sale, consisting of issuance of a fresh issue of Rs 330 crore and an offer for sale by promoter Fincare Business Services aggregating to Rs 1,000 crore. According to the directives of Reserve Bank of India (RBI), all small finance banks in the private sector have to get listed on the bourses within three years of achieving a net worth of Rs 500 crore. The company had kicked off its operations in July 2015 and as on March 31, 2021 the company had a gross loan portfolio of Rs 6,072 crore and deposits aggregating to Rs 5,318 crore. Currently, Fincare Business Services holds 78.4 per cent stake in the SFB, which will come down by 10-25 per cent post listing. The lender is also exploring a reverse merger option, but the timing of the same is not clear.
<h4>API Holdings receives SEBI's nod to launch Rs 6,250 crore IPO</h4> API Holding, the parent company of PharmEasy, is all set to launch its initial public offering (IPO) as the e-pharmacy player has received the nod from the Securities and Exchange Board of India (SEBI). Amid the rising volatility in the capital markets, the watchdog has flagged a go-ahead signal to the MedTech company to raise upto Rs 6,250 crore from its primary stake sale. However, there are several reports floating in the media suggesting that the company might delay its issue following the recent meltdown in the new age internet based companies which made their debut last year. API Holdings had filed its draft red herring prospectus (DRHP) with SEBI in November 2021, joining the peers like Zomato, Paytm, Nykaa, PolicyBazaar and CarTrade. PharmEasy's IPO will consist of only fresh equity shares aggregating to Rs 6,250 crore and none of the existing shareholders looking to offload its stake. The company, in consultation with book running lead managers (BRLMs), may also consider a private placement aggregating up to Rs 1,250 crore. If such placement is completed, the fresh issue size will be reduced, DRHP said. Prior to filing the DRHP for IPO, Pharmeasy raised $350 million from investors in pre-IPO round at a valuation of $5.6 billion in October. THe company raised about $1 billion in 2021. The company will use Rs 1,929 crore of the net IPO proceeds to repay or prepay borrowings and Rs 1,259 crore to fund organic growth initiatives, whereas Rs 1,500 crore will be allocated for inorganic growth opportunities. In 2021, Mumbai headquartered API holdings acquired the listing diagnostics player Thyrocare Technologies. It focuses on end-to-end business to provide solutions for all healthcare needs. PharmEasy entered the unicorn club at a valuation of $1.5 billion in April when Prosus Ventures, TPG and others led a $350-million funding round. Its valuation had jumped to a little over $4 billion after the Thyrocare deal. The company provides consumers with digital tools and information on illness and wellness, offering teleconsultation, offering diagnostics and radiology tests, and delivering treatment protocols including products and devices. Among the key investors of API Holdings, Naspers (12.04 percent) and Temasek Holdings (10.84 percent) hold double digit stakes in the company. Other shareholders for the company indclue TPG Growth, CDPQ, Bessemer, B Capital. Amansa Capital, Blackstone-backed hedge fund ApaH Capital, US hedge fund Janus Henderson, OrbiMed, Steadview Capital, Abu Dhabi’s sovereign wealth fund ADQ, hedge fund Neuberger Berman and London’s Sanne Group participated in the latest fund raising round. According to a RedSeer Report, stated in DRHP, API Holdings is India’s largest digital healthcare platform based on gross merchant value (GMV) of products and services sold for the year ended March 31, 2021. PharmEasy has half the share in online pharmacy gross merchandise value, compared with 16 per cent for Tata-owned 1mg and 15per cent for Reliance Industries' Netmeds. In FY20, PharmEasy doubled its revenue to Rs 637 crore. For the financial year 2021, API Holdings’ total income jumped more than threefold to Rs 2,360 crore from Rs 737 crore the previous year. Its losses widened 90 per cent to Rs 641 crore. In the three months ended June 2021, it clocked income of Rs 1,207 crore with a loss of Rs 314 crore, the DRHP showed. Citigroup Global Markets India, JM Financial Ltd, Kotak Mahindra Capital, Morgan Stanley India and BoFA Securities India have been appointed as the BRLMs to the issue, whereas Link Intime India is the registrar to the issue.
<h4>Tata Tech to push headcount by another 1,000 in FY23 to support growth</h4> Tata Technologies will is expected to increase its headcount by at least 1,000 more employees in the upcoming financial year 2022-23, according to the Warren Harris, Managing Director and CEO of the company This hiring is beyond the planned recruitment of over 3,000 innovators over a 12-month period to fulfil the requirements of customers as its business growth accelerates, Harris added.. The Singapore based Tata Technologies is an arm of Tata Motors and a global engineering and product development digital services firm, looking to strengthen its position to enhance its performance and numbers. In January, the technology player announced plans to hire over 3,000 innovators over a 12-month period under its expanded talent acquisition programme. The company is eyeing to ramp up its work workforce in all major markets globally and India, including Maharashtra, Karnataka and Tamil Nadu, among other parts of the country. The company is constrained by opportunities, but by the supply side. The new investment in the workforce will boost the capacity and capability, enabling it to fulfill the requirement of its customers, the new agency PTI said citing Harris. According to the top company management personnel, the company has hired over 1,500 people in the third quarter (October-December) of the ongoing fiscal year, highlighting the success of the company in the given area. The company is committed to increase the headcount by 3,000 in FY 2022-23 and the company is moving in the right direction, he added. When asked to elaborate on how significantly higher the hiring will be, Harris said, "In terms of above 3,000, we are putting together the business plan for next year but I would expect us to exceed 3,000 by at least 1,000 people." Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital as manufacturing companies adapt to meet new and evolving customer needs. Unlistedzone constantly reiterates the fact that Tata Technologies is one of the best available electric vehicle (EV) plays in the listed and unlisted space. It is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities and thus higher headcount is needed. In the third quarter ended December 31, 2021, Tata Technologies had reported an operating revenue of Rs 1,034.1 crore and profit before tax of Rs 201.2 crore. This was the best quarterly performance of the company. Harris said that across the manufacturing sector, with the investments made in the move towards electrification, connected areas and autonomous driving, the industry is starting to see an inflexion point. He believes that these segments are now mainstream investments and are a huge catalyst for growth of the companies. While the growth over the past 12 months has been in the entire mobility sector, Harris said that in the third quarter, the aerospace industry has bounced back and the company won significant businesses in both aerostructures and in manufacturing engineering and tooling. Technologies Technologies is considering the buyback up to 12,40,122 equity shares of face value of Rs 1 each, which represents 2.97 per cent of the paid up equity share capital of the company. The proposed buyback price of equity shares is at Rs 1,982 apiece, aggregating the total buyback to Rs 245.8 crore. While the growth over the past 12 months has been in the entire mobility sector, Harris said that in the third quarter, the aerospace industry has bounced back and the company won significant businesses in both aerostructures and in manufacturing engineering and tooling. The industry is focusing on the similar lines in terms of making investments. Tata Technologies is also empanelled by Airbus in their engineering, manufacturing engineering and services strategic supplier programme. "That's a programme that is limited only to 17 companies around the world and they compete for over USD 2 billion of annualised spend. So that, for us, is a big milestone for our company," Harris told PTI
<h4 class="gmail_default"><strong>Tata Technologies mulls for a Rs 245 crore buyback from shareholders</strong></h4> <div class="gmail_default"> Tata Technologies is considering the buyback of the equity shares, for which the Tata Group firm has issued a notice of postal ballot to the shareholders of the company. The remote e-voting period commenced from 10 am on Thursday, February 17, 2022, and is scheduled to end at 5.00 pm on Friday, March 18, 2022. The results will be declared later in the evening. The company board will consider the buyback of up to 12,40,122 equity shares of the face value of Rs 1 each, which represents 2.97 percent of the paid-up equity share capital of the company. The considered buyback price of equity shares is at Rs 1,982 apiece, aggregating the total buyback to Rs 245.8 crore. However, this excluded the transaction costs, brokerage, and applicable taxes. Founded in 1989, Tata Technologies is a subsidiary of Tata Motors, which primarily operates in North America, Europe, the Middle East, and the Asia Pacific region. Tata Technologies has reported a 120 per cent rise in the profit after tax (PAT) to Rs 154.6 crore for the quarter ended on December 31, 2021. On a sequential basis, the company has reported a 49 percent jump in the net profit. The total revenue from the operations jumped more than 60 per cent to Rs 1,042.3 crore in December 2021, whereas its income jumped 16 per cent on a sequential basis. Tata Technologies is one of the best available electric vehicle (EV) plays in the listed and unlisted space. Ii is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. For the financial year 2020-21, Tata Technologies had posted a net profit of Rs 239.2 crore with a total income of Rs 2,425.7 crore. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. The technology company claims to have seen a strong uptick in the various segments like the embedded technology business segment, even in the pandemic. Tata technologies has been partnering with automakers from India, China, US, Japan, and Sweden for more adoption. The company is bagging majority of overseas orders from four-wheeler OEMs, it is eyeing two-wheeler OEM's too. Tata Technologies' mechatronics has enabled infotainment integration and validation for a premium European luxury carmaker. </div>
<h4 class="gmail_default">Hero Fincorp eyes IPO after raising funds from associate concerns and others</h4> <p>Hero Fincorp, the finance arm of two-wheeler major Hero Motocorp, is eying to float its initial public offering (IPO) soon as the company successfully completed a funding round of Rs 2,000 crore recently. Hero MotoCorp, its sister concern and US based private equity major Apollo Management participated in the latest fund-raising round undertaken by Hero FinCorp. Prior to this Hero Motocorp owned over 41 per cent stake in Hero Fincorp. If listed, the NBFC will be the second entity from India's leading conglomerate Hero Group to make debut on the bourses. Only Hero Motocorp, the largest manufacturer of two-wheelers, is listed on the exchanges so far. <br /><br />Hero Fincorp returned to black in the December 2021 quarter as the company reported a profit after tax of Rs 133.34 crore in the as against a net loss of Rs 196.45 crore in the corresponding period previous fiscal. Hero Fincorp is engaged in the business of consumer finance and commercial lending. Its wholly owned subsidiary - Hero Housing Finance Limited - is engaged in the business of providing housing loans. The company has been rated as AA+ and stable by rating agencies such as CRISIL and ICRA. <br /><br />Incorporated in 1992 as Hero Honda Finlease Limited, Hero Fincorp changed its name after the 'Hero Honda' was completely owned by Hero Motocorp after the exit of Honda Motor Company from the joint venture of the two. The vehicle financier reported a marginal rise of 7.5 percent in the total income from operations to Rs 1,151.53 crore in third quarter of the ongoing fiscal as against Rs 1,070.44 crore in the same period previous year. <br /><br />Hero MotoCorp’s Pawan Munjal, who is also the chairman of Hero FinCorp, and his extended family hold nearly 10 per cent in the NBFC in individual capacity. The family’s investment firm Bahadur Chand Investments holds over 20 per cent. Apollo is estimated to have picked up a 9-10 per cent stake in the funding round held in the previous month. Mauritius-based Otter Limited has a significant minority stake of 10 per cent in Hero FinCorp, whereas ChrysCapital, Credit Suisse and Apis Partners are the other investors in the NBFC. <br /><br />At present, the company has close to 2000 retail financing touch-points across Hero MotoCorp's network, and have partnered with over 2000 satisfied corporate clients. The company marks its presence at more than 1,000 dealerships spread across 1,900 cities, towns and villages. Hero Fincorp has a wholly owned subsidiary, Hero Housing Finance has shown a robust growth in the last few years. In the first year of its operations, FY 2018-19, the company disbursed loans worth Rs 556.75 crore to the customers. Hero Fincorp had invested Rs 200 crore in Hero Housing Finance by subscribing 20,00,00,000 equity shares of face value of Rs 10 each on the rights basis.</p>
<h4>Orbis Financial Corporation Limited Rights Issue</h4> Orbis Financial Corporation Limited is Offering for 55,46,771 equity shares of face value of Rs. 10/- (Rupees Ten only) per share at a premium of Rs. 30.50 per share for cash, aggregating to Rs. ~22.46 Crores on rights basis. This is Right issue that means only shareholders of Orbis Financial Corporation Limited can participate in this offering. Now in Right Issue there are 2 important items to be understand. <h4>Orbis Financial Corporation Limited Rights Issue Record date</h4> It is that date on which you should be the shareholder of Orbis Financial Corporation to be eligible for the right issue. As per details obtained from Right Issue, if you are holding shares as on 28.01.2022 in your Demat Account, you can participate in the right issue. <h4>Orbis Financial Corporation Limited Rights Issue Right Ratio</h4> The right ratio is 1:16. That means you are entitled for 1 share in the right offering if you hold 16 shares as on 28.01.2022. <h4>About Orbis Financials:</h4> Established in the year 2005, Orbis is a SEBI registered Custodian of Securities and a Clearing member in all the market segments in India having commenced commercial operations in 2009. It commenced its RTA services in 2019 as a SEBI accredited Registrar & Share Transfer Agent (R&T Agent) followed by Trustee services as a SEBI accredited Trustee services provider. Headquartered in Gurugram, Haryana Orbis has played a credible role in growth of Indian Capital Markets offering a wide range of Securities Services to a broad array of Investors including foreign and domestic institutional investors including FPI, FDI, Mutual Funds, Insurance companies, Endowments & Trusts, High Networth Individuals, AIFs, Stock Brokers, Private Banks and Portfolio Managers. Orbis entered the financial markets as a Custodian in 2009 conceptualising and offering a range of forward looking services designed and customized to equip the investors across segments to efficiently manage their investing operations securely. Over this short period of operations, Orbis has established formidable goodwill specially in the Broker dealer segment focused towards brokers, portfolio managers, wealth managers, hedge funds and private equity funds staying positioned as a Custodian wholly dedicated to “Custodial Services”. Orbis is equipped with the ability to support investors in this rapidly changing environment through professionals and systems which are accessible, prompt, responsive, friendly, and provide customer-focused services and solutions which are economical, accurate, effective, and innovative. Robust State of the Art Integrated technology platform developed on an ERP system, allowing adaptability of products & services. The reporting solution that is wholly customized is found to be of immense utility to the Investor. As Clearing Members on BSE (Cash/ Currency Derivatives Segment), NSE (Cash/Debt/Equity & Currency Derivatives Segment) and MSEI (Currency Segment) and as Depository Participants on NSDL & CDSL, they combine their technology, processes and experienced team to offer these value-added Custody services. <h4>Financials of Orbis Financial Corporation Limited</h4> (Fig.in Lakhs) <div class="table-overflow-init"> <table width="100%"> <tbody> <tr> <td style="text-align: center;" width="293"><strong>Particulars</strong></td> <td style="text-align: center;" width="94"><strong>2021</strong></td> <td style="text-align: center;" width="95"><strong>2020</strong></td> <td style="text-align: center;" width="92"><strong>2019</strong></td> </tr> <tr> <td style="text-align: center;">Income</td> <td style="text-align: center;"></td> <td style="text-align: center;"></td> <td style="text-align: center;"></td> </tr> <tr> <td style="text-align: center;">Operating Revenue</td> <td style="text-align: center;">6655</td> <td style="text-align: center;">3372</td> <td style="text-align: center;">1592</td> </tr> <tr> <td style="text-align: center;">Other Income</td> <td style="text-align: center;">1997</td> <td style="text-align: center;">1016</td> <td style="text-align: center;">653</td> </tr> <tr> <td style="text-align: center;">Total Income</td> <td style="text-align: center;">8653</td> <td style="text-align: center;">4388</td> <td style="text-align: center;">2245</td> </tr> <tr> <td style="text-align: center;">Expenditure</td> <td style="text-align: center;"></td> <td style="text-align: center;"></td> <td style="text-align: center;"></td> </tr> <tr> <td style="text-align: center;">Employees Benefit Expenses</td> <td style="text-align: center;">2025</td> <td style="text-align: center;">1053</td> <td style="text-align: center;">803</td> </tr> <tr> <td style="text-align: center;">Other Expenses</td> <td style="text-align: center;">3571</td> <td style="text-align: center;">962</td> <td style="text-align: center;">352</td> </tr> <tr> <td style="text-align: center;">Operating Profit</td> <td style="text-align: center;">1059</td> <td style="text-align: center;">1357</td> <td style="text-align: center;">437</td> </tr> <tr> <td style="text-align: center;">OPM</td> <td style="text-align: center;">15.91%</td> <td style="text-align: center;">40.24%</td> <td style="text-align: center;">27.45%</td> </tr> <tr> <td style="text-align: center;">Depreciation</td> <td style="text-align: center;">115</td> <td style="text-align: center;">89</td> <td style="text-align: center;">57</td> </tr> <tr> <td style="text-align: center;">Finance Cost</td> <td style="text-align: center;">993</td> <td style="text-align: center;">651</td> <td style="text-align: center;">129</td> </tr> <tr> <td style="text-align: center;">Total Expenditure</td> <td style="text-align: center;">6703</td> <td style="text-align: center;">2754</td> <td style="text-align: center;">1341</td> </tr> <tr> <td style="text-align: center;">Profit Before Tax</td> <td style="text-align: center;">1949</td> <td style="text-align: center;">1634</td> <td style="text-align: center;">904</td> </tr> <tr> <td style="text-align: center;">Tax Expenses</td> <td style="text-align: center;">357</td> <td style="text-align: center;">476</td> <td style="text-align: center;">183</td> </tr> <tr> <td style="text-align: center;">Profit After Tax</td> <td style="text-align: center;">1593</td> <td style="text-align: center;">1157</td> <td style="text-align: center;">722</td> </tr> <tr> <td style="text-align: center;">NPM</td> <td style="text-align: center;">23.94%</td> <td style="text-align: center;">34.31%</td> <td style="text-align: center;">45.35%</td> </tr> <tr> <td style="text-align: center;">EPS</td> <td style="text-align: center;">1.99</td> <td style="text-align: center;">1.77</td> <td style="text-align: center;">1.10</td> </tr> </tbody> </table> </div> <a href="https://unlistedzone.com/storage/knowledge-logo/IZUZ-CONSULTANCY-PRIVATE-LIMITED-1.pdf">Form of Orbis Financial Corporation Limited Rights Issue</a>
<div class="gmail_default"> Tata Technologies, a Tata group company, is technical services provider in multiple industries like engineering and design, product lifecycle management, manufacturing, product development, automotive, and aerospace among others. Tata Technologies has reported a 120 percent rise in the profit after tax (PAT) to Rs 154.6 crore for the quarter ended on December 31, 2021, as against a profit of Rs 70.2 crore in the corresponding period previous fiscal. On a sequential basis, the company has reported a 49 percent jump in the net profit, which was Rs 103.7 crore for the period ended in September 2021. Founded in 1989, Tata Technologies is a subsidiary of Tata Motors, which primarily operates in North America, Europe, the Middle East, and the Asia Pacific region. Tata Technologies is one of the best available electric vehicles (EV) plays in the listed and unlisted space. Ii is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities. The total revenue from the operations jumped more than 60 percent to Rs 1,042.3 crore in December 2021 quarter as against an income of Rs 650.2 crore clocked in the December 2020 quarter. The company's income jumped 16 percent from Rs 897.8 crore on a sequential basis, compared to the September 2021 quarter. On an operational basis, the company reported a profit before taxes (PBT) of Rs 201 crore in Q3 FY22, 115 percent higher than the 93.5 crores in the Q3 FY21 and almost 40 percent higher than Q2 FY22. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. Tata Technologies reported a 135 percent growth in the bottom line to Rs 330.7 crore for the nine months ended December 2021, compared to Rs 141.1 in the same period previous fiscal. Its total income advanced more than 51 percent to Rs 2,647.6 crore from Rs 1,749.3 crore during the period under review. In October 2021, Tata Motors' engineering arm had bagged new orders worth $100 million (750 crores). At the current pace, the company is poised to achieve its revenue target of Rs 3,600 crore. Tata Technologies is headquartered in Singapore, with regional offices in the United States (Novi, Michigan), India (Pune), and the UK (Warwick) with a combined global workforce of more than 8,500 employees serving clients worldwide. For the financial year 2020-21, Tata Technologies had posted a net profit of Rs 239.2 crore with a total income of Rs 2,425.7 crore. The technology company claims to have seen a strong uptick in the various segments like the embedded technology business segment, even in the pandemic. Tata technologies have been partnering with automakers from India, China, the US, Japan, and Sweden for more adoption. The company is bagging the majority of overseas orders from four-wheeler OEMs, it is eyeing two-wheeler OEM's too. Tata Technologies' mechatronics has enabled infotainment integration and validation for a premium European luxury carmaker. </div>
<div class="gmail_default">Hero Fincorp, the leading non banking finance company (NBFC), has returned to black as it announced its earnings for the period ended on December 31, 2021. The financial services and lending company reported a profit after tax (PAT) of Rs 133.34 crore in the December 2021 quarter as against a net loss of Rs 196.45 crore in the corresponding period previous fiscal.</div> <div class="gmail_default"><img class="wp-image-23788 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/Hero-fin-corp-1.png" alt="hero-fin-corp" width="100%" /> Incorporated in 1992 as Hero Honda Finlease Limited, Hero Fincorp changed its name after the 'Hero Honda' was completely owned by Hero Motocorp after the exit of Honda Motor Company from the joint venture of the two. Currently, Hero Motocorp owns more than 41 percent stake in Hero Fincorp. Hero Fincorp is engaged in the business of consumer finance and commercial lending. Its wholly owned subsidiary - Hero Housing Finance Limited - is engaged in the business of providing housing loans. <br /><br />The company has been rated as AA+ and stable by rating agencies such as CRISIL and ICRA. Consumer financing includes financing Hero MotoCorp two wheelers, loyalty customer loans (top up loans for existing customers) and providing loans against property. It is a captive finance company of Hero MotoCorp, India's largest two wheeler vehicle manufacturer. Shares of Hero Fincorp are trading at Rs 1,050 in the pre-IPO market and the scrip reached an all time high of Rs 1,100 a few months back. <br /><br />The tepid sentiment of over NBFCs are impacting the counter but the company is a pure steal at current prices, thanks to its sound balance sheet and robust parentage. The commercial lending side provides Indian corporates with a wide portfolio of financing products which include working capital loans, machine loans among others. <br /><br />In 2014, it ventured into loans against property, loans for small and medium enterprises and commercial loans. Hero Motocorp's NBFC arm reported a marginal rise of 7.5 percent in the total income from operations to Rs 1,151.53 crore in Q3 FY22 from Rs 1,070.44 crore in Q3 FY21. In the financial year 2020-21, Hero Fincorp became India's top two-wheeler financing company with more than 50 lakh customers and a loan book of close to 20,000 crore. The company has an employee strength of more than 7,500 headcounts. <br /><br />At present, the company has close to 2000 retail financing touch-points across Hero MotoCorp's network, and have partnered with over 2000 satisfied corporate clients. The company marks its presence at more than 1,000 dealerships spread across 1,900 cities, towns and villages. Going forward, it plans to continuously expand our offerings and geographic presence, whilst offering class leading financial services to all sections of our society. On an operations basis, the company reported a positive EBIT of Rs 180.44 crore in the given quarter, which was on the negative side in the same quarter previous year. <br /><br />The company reported an negative operating income of Rs 261.99 crore in the December 2020 quarter. In 2020, the company launched its instant loan mobile app named 'SimplyCash' and entered the instant cash loan segment. Millennials across 90 cities in India could use the app and avail instant cash loans as per their need. Thanks to positive bottomline and robust topline, the earning per share of the company, on both basic and diluted basis, jumped to 10.5, which was around -16 during the comparison period. <br /><br />Net worth of the company increased more than 13 percent to Rs 3,946.30 crore from Rs 3,480.12 crore during the period. Also, debt to equity ratio of the company improved marginally to 4.7 from 4.76 earlier. For the financial year ended on March 31, 2021, Hero Fincorp reported a net profit of Rs 70.62 crore with a total income from operations at Rs 4,091.64 crore. It reported an EPS of little less than 6 during FY 2020-21. More about Hero Housing Finance Company's wholly owned subsidiary, Hero Housing Finance has shown a robust growth in the last few years. In the first year of its operations, FY 2018-19, the company disbursed loans worth Rs 556.75 crore to the customers. Hero Fincorp had invested Rs 200 crore in Hero Housing Finance by subscribing 20,00,00,000 equity shares of face value of Rs 10 each on the rights basis.</div>
<p>Hero Moto-Corp Board of Directors, in its meeting held on 24th January 2022, has approved an investment of up to INR 700 crore in one or more tranches, in Hero FinCorp Limited (HFCL). The investment is subject to the execution of definitive documents and completion of certain conditions customary to a transaction of this nature.</p> <h4><strong>HFCL (Hero Fin Corp Limited)</strong></h4> <p><img class="wp-image-23788 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/Hero-fin-corp-1.png" alt="hero-fin-corp" width="100%" /> Hero FinCorp Ltd. primarily deals in financing retail and corporate customers through products including two-wheeler financing, term loans, working capital loans, loan against property, bill discounting, leasing, etc. Turnover for the year ended March 2021 was Rs. 4,091.64 Crore</p> <h4><strong>Total investment to be raised by Hero-Fin Corp</strong></h4> <p>HFCL is in the process of raising capital of upto Rs. 2,000 core through private placement for its business purposes and out of that Rs.700 Crores will be infused by Hero MotoCorp.</p> <h4><strong>% of shareholding of Hero-Moto Corp?</strong></h4> <p>Investment is being made in CCPS (Compulsorily Convertible Preference Shares) to be issued by HFCL. Prior to the proposed investment, HMCL's shareholding in HFCL is 41.2%. The exact shareholding of HMCL in HFCL post the investment, will be determined upon completion of capital raise round by HFCL.</p> <h4><strong>What is for Unlisted Shareholders of <a href="https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/">Hero Fin-Corp</a>?</strong></h4> <p>It would be very interesting to see at what value the preference shares will be issued by the company to Hero Moto-Corp. That will benchmark the valuation of <a href="https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/">Hero-Fin Corp</a> in the unlisted market. 2 years back, Hero-Fin Corp raised money from private investors at ~Rs.829 per share.</p>
With a sharp correction in the broader markets, the attraction of unlisted space has increased as investors are seeking more value and safety margins in the pre-IPO space. However, investors must understand that an unlisted share market is a big no for short-term investors and low-risk bearers. If you still want some cherry-picks from this space, UnlistedZone is helping you with some of the top 10 Unlisted Shares price lists for 2022 you should look at : <strong>1. Chennai Super Kings (CSK) Unlisted Shares <img class=" wp-image-315 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/200px-Chennai_Super_Kings_Logo.svg_.png" alt="" width="167" height="138" /></strong> Despite the multi-bagger run-up in the last 2-to 3 years, CSK still has ample steam left in it. With the bidding of two new teams rallying Rs 7,000 crore, CSK being an established and profit minting entity was rerated. The next big trigger for the franchise will be the auctions of broadcasting rights, along with digital streaming. However, the expenses remain elevated till IPL is hosted outside India or behind the doors. Current price: Rs 198-200 per share <strong>2. Elofic Industries Unlisted Shares</strong> <strong> <img class=" wp-image-10409 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/elofic-logo.png" alt="" width="248" height="61" /></strong> If you are willing to bid on electric vehicles or the EV theme, Elofic should be your go-to name. The Delhi-NCR-based company is a leading manufacturer of filters and lubricants. With the rising demand for EVs in the world, there will be high replacement demand for its products as well. The company boasts a super solid client base in India and the world, which is strong enough to boost its topline. Current price: Rs 3,000 per share <strong>3. Studds Accessories Unlisted Shares <img class="size-medium wp-image-7613 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/studds-300x69.png" alt="" width="300" height="69" /></strong> Want to big on the largest player of helmets and safety products across the globe? We have got Studds Accessories for you, which manufactures more than 7 million helmets and other gears in a year, which are exported throughout the globe. The company has received global certification for its products. The company is constantly driving into innovations, adding face shields and bicycle helmets as well to its portfolio, which will be in demand for a long time. Current price: Rs 1,650 per share <strong>4. HDB Financial Services Unlisted Shares <img class="size-medium wp-image-7608 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/hdb-financials-logo-300x61.png" alt="" width="300" height="61" /></strong> If you are looking for a name with strong parentage, solid balance sheet, and robust financials, you can look at HDB Financials, backed by HDFC group. The company is a leading NBFC player serving both retail and commercial clientage. The company's credit ratings are top-notch by all acclaimed rating agencies. With a strong network of about 1,500 branches in more than 1,000 locations, the company is a pan India play. Current price: Rs 950 per share <strong>5. Martin and Harris Unlisted Shares <img class="wp-image-23734 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/Martin-harris-Unlisted-share-e1643004434382.jpeg" alt="" width="309" height="115" /> </strong> The rising cost of branded medicines gave birth to their generic version, and Gurgaon-based Martin & Harris is a leading player in the segment. With a strong legacy in the pharma segment, the company obtains half its revenue from investment and derivative business. Thus, the company's downside is capped if there is turbulence in one business. It is a good play for the pharma and financial sector. Current price: Rs 2,950 per share <strong>6. Capital Small Finance Bank (SFB) Unlisted Shares <img class="size-medium wp-image-7610 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/capital-sfb-logo-300x131.png" alt="" width="300" height="131" /></strong> Amidst the spree of small finance and payment banks, Capital SFB paves its way as an important player in India's lending sector. With a deep penetration in India's rural segment, the lender is serving the underserved at a very low cost. Backed by HDFC Life and ICICI Prudential Life, the lender is a big play for long-term wealth creation for the investors. Current price: Rs 360 per share <strong>7. B9 Beverages (Bira Beer) Unlisted Shares <img class=" wp-image-1677 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/bira-logo-300x300.png" alt="" width="136" height="136" /></strong> Backed by some of the global names like Sequoia Sofina and Farhan Akhtar, Bira has marked its presence among the urban millennials, thanks to its unique product line and taste. The brewery maker is crafting into drinkers' minds, making them go bonkers for it. The 21st-century beer maker is a global brand now, thanks to portfolio mix. A large number of domestic startup players have given cheers and big funding cheques to Bira. Current price: Rs 950 per share <strong>8. API Holdings (Pharmeasy) Unlisted Shares <img class="wp-image-23741 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/Pharmeasy-unlisted-share.png" alt="" width="332" height="66" /> </strong> IPO-bound startup platform sells medical products with its online brand Pharmeasy. The company is not only restricted to medicines but also provides consultations, tests, and other healthcare products. The company serves every habitable area in the nation which has a postal zip code. It is the largest pharma e-tailer in the nations, which will make its debut on the bourses soon. Current price: Rs 108-100 per share <strong>9. Care Health Unlisted Shares <img class="wp-image-16715 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/care_health_insurance_logo.png" alt="" width="209" height="157" /></strong> The company is a leading name in the standalone health insurance sector, which serves individuals, corporates, and institutional customers. The company's product range includes health insurance, critical illness, personal accident, top-up coverage, and maternity. It is a strongly recommended play to accumulate on dips as the pandemic has emphasized the need for health insurance for all. Also, the rising bills of private hospitals are worrisome for the people at large. Current price: Rs 215 per share <strong>10. Cochin International Airport Unlisted Shares <img class=" wp-image-23732 aligncenter" src="https://unlistedzone.com/storage/knowledge-logo/cochin-unlisted-shares.jpeg" alt="" width="347" height="131" /> </strong> It is a decent buy for the investors who are aiming to buy a public-private partnership focused on the travel theme. Cochin hosts the third-highest number of international flights in India, after Delhi and Mumbai. It is fully powered by solar energy. Backed by superb management, investors can simply buy it for a strong linear performance, once the pandemic is over and normalcy is restored. Current price: Rs 210 per share <p style="text-align: center;">----------------------------------------------------------------------------</p> Feel free to contact our customer relationship manager and co-founder of UnlistedZone.com, Mr. Dinesh Gupta at <a href="http://+91-80100 09625">+91-80100 09625</a> or drop us an email at <a href="mailto:[email protected]">[email protected]</a> <strong>Important Note: </strong>Please note that the <strong>lock-in period</strong> for selling unlisted shares is <strong>six months after listing</strong>. Hence you can't sell an unlisted share that you bought in Pre-IPO for six months after its listing. i.e. You can sell it only after six months calculated from the listing date. For any queries, please contact us at <strong>[email protected]</strong> To get latest prices of Unlisted shares, and latest blogs and videos on unlisted shares, please download our Google Android Application. <a href="https://play.google.com/store/apps/details?id=com.unlistedzone.android">Click Here</a>
<p>New Delhi: HDFC Securities, the brokerage arm of India' private lender, has announced its earnings for the period ended on December 31, 2021. <br /><br />It reported a 58.15% rise in the net profit to Rs 258.03 crore in the quarter ended on December 31, 2021 as against a net profit of Rs 163.15 crore in corresponding period previous year. On a sequential basis, the bottomline jumped 7.7% from Rs 239.57 crore. <br /><br />The brokerage firm has reported a rise of 58.4% in the topline to Rs 532.03 crore in December 2021 quarter from Rs 335.86 crore in December 2020 quarter. <br /><br />The revenue grew about 10% from Rs 485.81 crore on a sequential basis. EBIT of the company surged more than 51% to Rs 347.09 crore from Rs 228.97 crore during the period under review. It has reported an EBIT of Rs 322.52 crore in the September 2021 quarter. <br /><br />HDFC Securities reported an diluted EPS of Rs 163.34 per share for the Q3 FY22, against an EPS of Rs 103.64 apiece in Q3 FY 22. <br /><br />HDFC Securities kicked off its operations in April 2020 as a Joint Venture between HDFC Bank, HDFC and Indocean eSecurities Holdings. Currently, HDFC Bank holds more than 96 per cent stake in the brokerage arm. Along with broking services, HDFC Securities is engaged in the distribution of financial products in India. <br /><br />It is among the oldest brokerages of the country. For the nine months ended on December 31, the company reported a rise of 60% in the net profit to Rs 1,004.1 crore, which was Rs 627.62 crore in the same period previous fiscal. <br /><br />The revenue from operations advanced about 55% to Rs 1,469.96 crore for the given period, which was Rs 950.46 in the corresponding period. EPS jumped 62% to Rs 474.37 per share from 291.45 during the period under review. HDFC Securities has announced an interim dividend of Rs 148 per cent for the period ended on December 31, 2021 including the tax deducted as source. <br /><br />The COVID -19 pandemic continues to have a considerable impact on economic activities across the various parts of the country and across the globe, said Dheeraj Relli, Managing Director, HDFC Securities. "The Government of India and various state governments have introduced a series of initiatives over the past year including lockdowns in order to contain the impact of the virus." Stock broking and depository services have been declared as essential services all through the year and accordingly, the Company has faced no business stoppage/interruption on account of the lockdown. "As of 31 December 2021, based on facts and circumstances existing as of that date, the Company does not anticipate any material uncertainties which affects its liquidity position and also ability to continue as a going concern," Relli added.</p>
Indicative prices, company research and your enquiries — in your pocket. Get price notes on the names you follow and reach our team from anywhere.
