Fino Payments Bank becomes the first profitable fintech to file for an IPO
Fino Payments Bank The IPO size is likely to be of ₹1,300 cr and will include a fresh issue of ₹ 300 cr as well as an OFS component Mumbai, 31 July, 2021 (GPN): Four years…
Articles by Sachin Murdeshwar
HERO MOTOCORP FURTHER AUGMENTS ITS GLOBAL BUSINESS
COMMENCES RETAIL OPERATIONS IN MEXICO OFFERS A WIDE RANGE OF PRODUCTS FOR CUSTOMERS THROUGH AN EXTENSIVE DISTRIBUTION NETWORK MUMBAI, 30 JULY, 2021 (GPN): In keeping with its aggressive expansion plans in its global business, Hero MotoCorp, the…
KFC, Pizza Hut, & Costa Coffee franchisor, Devyani International Limited to launch its Initial Public Offer on August 4, 2021; sets Price Band at Rs 86-90 per equity share
Mr. Ravi Kant Jaipuria Non-Executive Director and Chairman-Devyani International Limited · Price Band of Rs. 86 – Rs. 90 per equity share of face value of Rs. 1 each (“Equity Shares”) · Bid/Offer Opening Date – Wednesday, August 4, 2021…
Vitrified Tiles Major, Exxaro Tiles Limited’s IPO to open on August 04, 2021
Mr. Mukeshkumar Patel, CMD, Exxaro Tiles Limited · Price Band of Rs. 118 – Rs. 120 per equity share of face value of Rs. 10 each (“Equity Share”) · Bid/Offer Opening Date – Wednesday, August 04, 2021…
Evergreen Club Announces Evergreen Monsoon Gala for the Elderly
5-day non-stop festival of fun, enjoyment and merry-making Mumbai, 30 July, 2021 (GPN): Monsoon marks the season of rejuvenation, happiness and prosperity, refreshing the earth and the environment around us. It gives people the opportunity…
Decarbonizing the future of Indian mining, Hindustan Zinc in partnership with Normet Group Oy introduces Normet SmartDrive – a modular Battery Electric Vehicle (BEV)
Hindustan Zinc Normet MoU signinging 30th July ’21 – Hindustan Zinc will become the first mining company in India to introduce utility electric vehicles in underground mines – The partnership with Normet Group Oy for SmartDrive vehicles…
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CIFCL) UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2021
Key Financial results (Q1 FY22): Disbursements at 3635 crs was marginally higher than Q1 FY 21.Total AUM at ₹ 75,763 Cr (Up 7% YoY)Net Income Margin at ₹ 1,363 Cr (Up 39% YoY) for Q1…
Gen Z Indians are swiping right on new pals to beat the corona blues: Tinder
New connections’, ‘fun hangouts’, and ‘friends within communities’ among top 5 reasons to swipe90% of Gen Z Indians are using their dating apps to find new people or simply stay connectedVirtual connections are here to…
HomeFirst Finance announces – Q1 FY22 financial results
Mumbai, 30th July 2021 (GPN): HomeFirst is a technology driven affordable housing finance company that targets first time buyers in low and middle – income groups. The company was listed in Feb’21 on Bombay Stock Exchange & National Stock Exchange of India. ParticularsQ1FY22Q1FY21YoYQ4FY21QoQAUM (INR Crs)^42943623+18.5%4141+3.7%Disbursement (INR Crs)30553+476.9%452-32.6%Total Income (INR Crs)142134+5.8%136+4.8%PAT (INR Crs)3539-9.1%31+12.2%Spread (%)*5.5%4.6%+90 bps5.4%+10 bpsROA (%)3.1%4.3%-120 bps2.9%+20 bpsGross Stage 3 (%)^1.9%1.0%+90 bps1.8%+10 bpsCost to Income (%)32.1%28.8%+330 bps38.0%-590 bps *IGAAP basis. ^ Data as on period end Key Highlights for Q1 FY22: Vaccination Ÿ 99% of the employees are now vaccinated with at least one dose. Ÿ All employees remained safe across Wave-1 and Wave-2. Asset under Management (AUM): Ÿ INR 4,294 Crs, growth of 18.5% over Q1 FY21. Ÿ Sharp focus on housing loans that contribute 92.4% of AUM and EWS / LIG category that forms ~77% of the customer base. Distribution: Ÿ As on Jun’21, the Company has 72 branches with presence in 12 States and 1 Union Territory. Ÿ Business commenced in 10 new branch locations. In addition, 12 new digital branches have been launched taking the total number of touchpoints to 137 Disbursements: Ÿ Disbursements of INR 305 Crs in Q1 FY22, at 67.4% of Q4 FY21 levels, y-o-y growth of 476.9%. Collection Efficiency:…
Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021
Price Band fixed at ₹448 to ₹460 per equity share of Windlas Biotech Limited (“Equity Share”) · Offer to remain open from Wednesday, August 04, 2021 to Friday, August 06, 2021 Mumbai, July 29, 2021 (GPN):…