NARAYANA HRUDAYALAYA’S IPO
Narayan Hrudayalaya has entered the capital market with its IPO on 17th December, 2015 offering shares at a price band of Rs.245 to Rs.250 per share. The IPO would be offer for sale that means the shares offered under IPO would be offered by existing shareholders and no new shares will be floated in the market. Axis Capital Ltd, IDFC Securities and Jefferies lead managed the share sale.
Through the IPO, Narayan Hrudayalaya offered 245 lakh shares for sale by promoters and other shareholders to public. Among the promoters group, Dr. Devi Prasad Shetty and Shakuntala Shetty offered 20.40 lakhs shares each. The biggest block of 122.6 lakh shares was offered by JP Morgan, after which its holding will reduce to 4.67% from
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Narayan Hrudayalaya profit after tax was also fluctuating, in the financial years 2012 and 2014, the PAT grew at a rate of 66.55% and 95.23% respectively, but in the years 2013 and 2015, the company showed a negative growth rate in PAT by 36.33% and 19.77% respectively.
The current ratio has been showing a declining trend over the years from 2011 to 2014, however in the year 2015, it has increased slightly.
Quick ratio on the other hand is has been showing a fluctuating trend, this indicates that liquidity position is not that satisfactory.
Net profit ratio has also been showing a fluctuating trend, it was very high in the year 2012 and is low in the year
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The raw returns for different time gaps considered is calculated by taking closing prices of the given stock after the specified time gap (i.e., listing day, one month, three months and five months) from the offer price. This return on IPO has been computed as the difference between the closing price on the specified date and the offer price, divided by the offer price. The scrip has given positive returns to its investors since its listing day, the returns are showing a declining trend and this can be attributed to the fact that the market itself was falling down during that period. When the return estimated using the above equation has been adjusted using the returns on the CNX S&P Nifty Index for the corresponding period, it can be seen that the scrip has performed much better than the market since the market adjusted returns have increased compared to the raw returns. This shows that the scrip as such has been performing well in the
Suppliers are mostly concerned with a company 's ability to pay on their liabilities. Therefore, the current ratio and the quick ratio are both looked at by suppliers. The current ratio takes a company’s current assets and divides that by the company’s current liabilities. This number is
Sales growth after 2000 were only 9%, which the average annual sale growth rates range from 10% to 30% in their industry. The lack of cash is explained by the current liquidity ratio
The first analysis will be on Verizon. The current ratio and the debt to equity ratio both improved in 2006 when compared to 2005. However, the net profit margin dropped from 9.8% to 7.0%. What does this tell us as investors...
Looking at the individual ratios seen in exhibit 1 and comparing it to the industry average shown in exhibit 2 gives a sense of where this company stands. Current ratio and quick ratio are really low and have been decreasing. For 1995, the current ratio is 1.15:1, which is less than the industry average of 1.60:1, however to give a better sense of where this stands in the industry, as seen in exhibit 3, it is actually less than the average of the bottom 25% of the industry. The quick ratio is 0.61 is less than the industry is 0.90. Both these ratios serve to point out the lack of cash in this company. The cash flow has been decreasing because, it takes longer to get the money from customers, but the company still needs to pay for its purchases. Also, the company couldn’t go over the $400,000 loan limit, so they were forced to stretch their cash.
Quick Ratio – Constant grow for the last three years. From 3.56 in 2001 to 3.76 in 2002 to 4.17 in 2003. The reason of grow is constant increase in Current Assets.
The main contributing factor to the decline in the return on stockholders’ equity (25.37% to 8.73%) was the decline in the profit margin (11.79% vs. 5.08%). The decrease in asset turnover (1.11 to 1.00) made a small contribution to the decline, as did the decline in the debt ratio (48.4% to 41.8%).
Overall, Horizontal analysis and financial ratios are essential factors that businesses use to monitor its liquidity. Therefore, in order to improve Apple’s ratios and profitability, the company needs to implement a strategy to increase the company’s liquidity. Business owners or managers should monitor current ratio and acid test ratio as these ratios help us to ensure the company has the proper liquid assets to pay current liabilities, to stay in operations and to expand the company. As we noted in our acid test ratio and current ratio for the company, we show a lower ratio for acid test ratio than the current ratio, which means that the company’s current assets rely on inventory. Therefore, the company needs to convert old inventory into
This chart shows the net revenues and net earnings for the years of 2013-2009. As you observe the net revenues have been consistent in the 18,000 for at least 3 years in a row. This is a good trend for the Kraft Food Group. The trend for the net earnings is sporadic. The net earnings is also called the bottom line. This shows the amount of money that is left over after paying all of the expenses. Kraft Food Group needs to cut down on its expenses.
The Quick Ratio shows that the company’s cash and cash equivalents are the highest t...
The current ratio and quick ratios for the year 2003 are at 2.5 and 1.3, which are both higher than the industry average. The company has enough to cover short term bills and expenses. Both the current and quick ratios are showing an upward trend compared to 2001 and 2002. The current assets decreased by $ 20,264 to $ 1,531,181 and the current liabilities also decreased considerably by $255,402 to $616,000, a 29.3% decline, thus making the current ratio jump to a 2.5. The biggest decline was seen is accounts payable which decreased by $170,500 to $230,000, a decline of 42.6 %.
MCX IPO MCX – About the company Multi Commodity Exchange of India Ltd (MCX), the India based electronic commodity futures exchange was incorporated in 2003. MCX provides online trading services, clearing and settlement operations for commodity futures across India. There are five electronic multi-commodity national exchanges in India including MCX, NCDEX, NMCE, ICEX and ACE and these accounted for 99.5% of the turnover of commodity futures contracts in India. MCX is the largest among these and has over 80% of the market share of the Indian commodity futures exchange industry. MCX allows trading in more than 50 commodities across sectors like bullion, metals, energy, weather, and various agricultural products.
The basic earnings per ordinary share in 2016 is RM19.14 and RM14.30 in 2015. This shows that the ordinary share had been increased RM4.84 compare to 2016 based on 2015. In the other hand, this company had declared a first interim single-tier dividend of 10 sen per ordinary share amounting to RM22.88 million in respect of the financial year ended 31 December 2016. They sold their ordinary shares of RM400,000,000 units of RM0.50 per each in 2016 and RM200,000,000 units of RM0.50 per each in 2015 to their shareholders. It is increased from 2015 to 2016 with 200,000,000 units. The other investments that available for sale is RM1000 same as in 2015 and 2016.
The Hong Kong government therefore adopted partial privatization in which the government would still be the biggest shareholder of MTRC. By going partial privatization, it would boost the confidence of the stakeholders because the government would be taking care of issues such as fares and service quality. Moreover, the Hong Kong government chose to privatize MTRC through an Initial Public Offering (IPO). The government believed that partial privatization would;
His first major successful trade was in Sesa Goa (now Sesa Sterlite). Rakesh Jhunjhunwala bought 400,000 shares of Sesa Goa in forward trading, worth Rs 10 million. The stock was available at a cheap price of Rs. 25-26 as there was a depression in the iron ore industry. Rakesh Jhunjhunwala was convinced that there was a possibility of a very good growth and profitability for the company in the next year. This idea work and the stock came back to good fortunes in a short span. Rakesh Jhunjhunwla sold about 2-250,000 shares at Rs 60-65 and another 100,000 shares at Rs 150-175. The prices finally rose to Rs 2200 where he sold some more
The essentials of IPOing in Japan are the same as they in the U.S. A company must select an underwriter to take charge of their IPO, that underwriter will then oversee the pricing, quantity, and actual sale of the stock. Once the sale is complete the proceeds will be transferred to the issuer. Stock listed on Japanese exchanges are divided into sections. The first two sections make up what are called the “Main Markets”, this is where the leading large and second tier Japanese and foreign companies are listed. The first of the two sections is especially view as top market for its size, liquidity, and the volume of foreign investors (Japan Exchange Group), while the second is for medium sized companies. The third section is called the Market of The High-growth and Emerging Stocks or (MOTHERS), a trading market for companies with high growth potential. What