Category: Finance

New Delhi [India], September 25: Plaza Wires Ltd, a company in the business of manufacturing, marketing and selling of wires, aluminium cables and fast-moving electrical goods, is planning to raise up to Rs. 71.28 crore from its public issue. Company has a fixed price band of Rs. 51-54 per equity share. The fresh issue of 1.32 crore equity shares will open for subscription on September 29 and close on October 4. Company plans to use issue proceeds towards capital expenditure for setting up a new manufacturing unit for house wires, fire-resistant wires & cables, aluminium cables, and solar cables to expand the product portfolio, funding working capital requirements and general corporate purposes.

The company’s shares shall be listed in the BSE & NSE. Pantomath Capital Advisors Pvt Ltd is the Lead Manager to the public issue, and Kfin Technologies Ltd is the registrar.

Company has a manufacturing facility at Baddi with an installed production capacity of 12,00,000 coils of standard size per annum. Company proposed to utilize Rs. 24.4 crore from the IPO proceeds towards setting up a manufacturing facility to add 8,37,000 coils per annum and manufacture new products such as fire-proof/survival wires, LT aluminium cables and solar cables. Company plans to utilize Rs. 22 crores from the public issue for working capital requirements and the remaining for general corporate purposes.

Company has a fixed price band of Rs. 51-54 per equity share for the fresh issue of 1.32 crore equity shares of face value Rs. 10 each. The minimum lot size for the application is 277 shares and multiple thereof. Retail investor and HNI quota for the IPO is kept at not more than 10% and 15% of the issue, respectively, while QIB quota is kept at a not less than 75% of the issue.

Mr. Sanjay Gupta, Managing Director, Plaza Wires Ltd, said, “As a part of our growth strategy, our focus is on increasing revenue through achieving operational efficiency, consistently delivering quality products and enhancing goodwill in the market through product expansion and geographical outreach. We strongly believe that with the proposed public issue, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality products.”

Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing, marketing and selling of wires, aluminium cables and fast-moving electrical goods (FMEG) under its flagship brand “PLAZA CABLES” and home brands such as “Action Wires” and “PCG”. Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe etc.

As part of after-sales service for electric fans, the company has tied up with more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana and Tamil Nadu. In 2021, Plaza Wires expanded its product portfolio by launching miniature circuit breakers and distribution boards (DB) in the north and south Indian regions. As of March 31, 2023, the company has over 1249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office cum godown at Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala and Delhi, and C&F agent in 1 state, viz. Punjab.

The financial performance of the company has exhibited considerable progress over the years, demonstrating growth and stability, for FY22-23 company reported revenue of Rs. 182.60 crore and a net Profit of Rs. 7.51 crore. As on March 2023, the Net worth of the company stands at Rs. 53.08 crore and Reserves and surplus at Rs. 22.53 crore.

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HDB Financial Services organized a Physiotherapy and Health Clinic for Truck Drivers

Mumbai (Maharashtra) [India], September 9: On the global observance of World Physiotherapy Day, HDB Financial Services (HDBFS), India’s leading NBFC, takes the opportunity to acknowledge the hard work and dedication of truck drivers by organising free physiotherapy camps for the community. The camps are organised under HDB’s flagship CSR Program – Transport Aarogyam Kendra (TAK). 

With the objective of enhancing their physical well-being, promoting flexibility, strengthening core muscles and preventing injuries related to prolonged sitting, HDBFS is conducting free physiotherapy sessions exclusively for truck drivers at 35 major transport nagars across 14 states.

The camps are carried out in collaboration with transporters, industry associations, and NGOs, emphasising truck drivers’ well-being. Therapists offer counseling on ergonomic sitting, stretches, and exercises, promoting health awareness and advocating for rest breaks. The truckers are provided with treatments using specialised equipment and are encouraged to have follow-up visits. 

Commenting on the initiative, Ajay Thakur, Head Asset Finance HDB Financial Services, said, “World Physiotherapy Day recognises the crucial role that physiotherapy plays in ensuring the well-being of individuals, especially those in physically demanding occupations like truck driving. Transport Aarogyam Kendra is a unique CSR program designed to encourage and support the health and well-being of our highway heroes.  Given the overwhelming response received from the trucking community, HDB shall continue its efforts to reach out to many more truck drivers in the years to come and collectively take steps towards a healthier and more comfortable journey on the road.”

The Transport Aarogyam Kendra (TAK Centers) are the first-of-its-kind static clinics, offering full-time specialised physiotherapy counselling and treatment dedicated to the trucking community in India. HDB conceptualised the program in 2020 and since then has set up fully-equipped Transport Aarogyam Kendras in major transport hubs in Delhi, Ranchi, Kalamboli, Namakkal and Ludhiana and conducted several diagnostic physio camps pan India. 

Until date, HDBFS has reached out to over 70,000 truck drivers through TAK, improving the quality of their lives. 

About HDB Financial Services – Incorporated in 2007, HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of “Aspirational India”. As a one-stop financial services provider, HDBFS offers a comprehensive suite of products and service offerings that are tailor-made to suit its customers’ requirements across Consumer Finance, Asset Finance, and MSME segment-targeted products. HDBFS has demonstrated a strong growth record over the years. The Company is accredited with CARE AAA and CRISIL AAA ratings for its long-term debt and bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution. HDB has a widespread distribution network comprising 1492 branches in over 1,000 cities. To know more about HDB Financial Services CSR activities, please visit https://www.hdbfs.com/corporate-social-responsibility/

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New Delhi (India), June 26: To get started in the trading world, you will need to open a Demat account online. Demat accounts provide ease and convenience for online trading by storing shares electronically. However, choosing the right Demat account is critical for a smooth trading experience.

At first, glance, choosing between different Demat accounts may seem straightforward since they all serve the same purpose. However, when it comes to finding the best Demat account for your trading needs, doing proper research and considering various factors can make a big difference.

This guide will walk you through what you need to consider when choosing the best Demat account. To help you make an informed decision, we’ll cover everything from reputation and fees to account opening processes and trading platforms. With these factors in mind, you can confidently start your trading journey, knowing you’ve picked the perfect Demat account.

Things To Know Before Choosing A Demat Account

Demat accounts can significantly impact your overall trading experience. Thus, it is essential to carefully consider all the factors before selecting one. Consider these factors:

The Easiest Way To Open An Account

For the creation of a Demat account, SEBI has mandated a comprehensive procedure. Nevertheless, service providers can help simplify the process to some extent. An e-KYC process can be used for opening Demat accounts. In e-KYC, the entire account opening process can be authenticated using your Aadhaar data.

In e-KYC, you only need to complete a final self-identification process, either through a video camera or in person. Additionally, a physical account opening should take less than five days, whereas e-KYC should take less than two days.

Software-And-User-Interface

Secondly, you should look for software and a user interface. Generally, every broker provides its own software, which can be downloaded. However, the best way to find out more about this is to read some reviews.

Additionally, you should check their web-based application. With the blinkX demat App for Android, you can access analytical stock market research from your phone at your convenience. Using this demat app for Android, you can also stay up-to-date on the latest stock market trends.

Costs And Brokerage Fees Associated With Trading

Despite the competitive nature of this industry, brokers are lined up to provide you with very low broking costs. Decide with which broker or trading company you want to open a Demat account.

If you want to trade, you need to bargain with a broker. As an investor, there is less chance that your broker will reduce your brokerage fee. Moreover, brokers earn commissions from your trade frequency. Furthermore, delivery-based trading will have a lower frequency of trades.

A Minimal Maintenance Fee Per Year

You have to pay some charges for maintaining a Demat Account, even if you keep it idle. Currently, Demat accounts are free to open. Yet, it is important to examine the total range of costs associated with Demat when calculating the cost. Every year, your account is billed a maintenance fee.

Every time you debit your Demat account, you are charged a cost payable. Additionally, if you request a physical copy of a transaction or of the Demat holdings, there are costs associated with that.

You will also be charged when your Demat Request Form (DRF) or Debit Instruction Slip (DIS) is rejected. Additionally, Demat requests are charged per certificate. When choosing a Demat account, you need to consider all these costs.

An Online Tool For Tracking Your Demat Holdings

Account statements aren’t the only services offered by depository participants (DPs). They also offer direct call-to-action for trading clients, industry concentration, real-time valuation, analytics on Demat inflows/outflows, timely alerts, and thematic concentration. As a client, you must insist on these advantages as value additions.

Do A Reality Check On DP’s Market Image

Choosing a DP is all about their service standards and customer orientation. Consider a DP that takes care of the small safety factors. If your demat account is with a DP with a lot of pending service-level complaints with SEBI, be cautious. This is not a good sign and shows a lack of attention to quality.

Make sure no regulatory investigations or inquiries are pending against the DP. While social media can be a double-edged sword, you should scan social media and discussion forums for negative feedback about their DP services. The whole purpose of these checks and balances is to ensure the DP you get is correct. After all, choosing wisely is the first step!

Conclusion

When entering the world of trading, choosing the best Demat account is crucial. It is important to consider factors like account opening, software, user interface, brokerage fees, maintenance fees, online tracking tools, and the depository participant’s market image before choosing a demat account.

Furthermore, blinkX provides a user-friendly app that provides real-time stock market updates and analytical stock market research, enhancing your trading experience. By utilising all the factors discussed in this guide and the trading apps provided by platforms like blinkX, you can set yourself up for success in trading.

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eSports fanatics can now invest in American IPO’s. (Stock photo)

Mumbai (Maharashtra) [India], June 15: Buying Esports stocks online and their subsequent performance is “all the rage” in America, and now Indian investors can finally participate. Recently, a few Esport IPOs have come to market with an incredible surge in both demand and price for shares in these companies.   

The Esport market is very large and growing at an incredible pace.   Now, Indian investors will also have a chance at purchasing IPO shares of yet another Esport company offering shares on the US NASDAQ stock market.  

IPO pops are not new. According to data from Jay Ritter, the average IPO pop from 1980 through 2020 was 18.4% in one day. In 2021, the average first-day gain after an IPO was 16%. Using all common stock IPOs between 2000-2020, we confirm previous evidence of positive average first-day IPO returns of 21.11 percent in one day.

Recent Esport IPOs:

                1. NASDAQ: EBET) Esport Technologies soared 700% over its IPO pricing level.  Seeking Alpha Apr. 9, 2021.Esports Technologies (NASDAQ: EBET) soars again in early trading after a strong debut yesterday that saw shares jump more than 500% from their IPO pricing level.  Shares of EBET are up 33.36% premarket to $48.57 vs. the IPO pricing mark of $6.00 per share.                                    

                2. Mobile Global Esports (NASDAQ: MGAM), was listed on the Nasdaq on July 29, 2022, pricing the 1.5 million shares on offer at $4.00. MGAM shares went to trade as high as $20 on the second day of trading

According to Securities and Exchange Board of India (Sebi) data, new dematerialized or demat account additions rose to an all-time high of 10.7 million between April 2020 and January. This is an increase of more than double the new accounts opened in FY20 at 4.7 million. Around 4 million new accounts were added each in FY19 and FY18.

As another example, the latest Esport IPO, Mobile Global Esports  Inc. or MoGo, NASDAQ symbol MGAM (coincidently doing its business in INDIA), traded 61.3 million shares (heavy volume), in the first 10 days of trading (all over the IPO price of $4) and traded as high as $20 per share and had an average closing price of $7 per share over those first 10 trading days. Now, Click-IPO is expected to be offering the next esport stock and its shares to the public within the next few weeks on its app.

This time, Indian Nationals can subscribe for the IPO shares through a Brokerage Firm named ClickIPO.  ClickIPO has participated in more than 200 recent U.S. IPO, and their nearly 5,000,000 integrated accounts, through their app (which integrates with an International Brokerage Firm), allow investors the opportunity to secure and participate in desired IPOs and their shares through their app – ClickIPO.

ClickIPO is an app which can be downloaded in India, and then “willing IPO risk takers” or “day-traders” will have a chance to own some of the Esport stock right at the $4 per share IPO price and sell it right back into the market if they so choose.  Now, through ClickIPO, Indian Nationals can buy/trade/sell IPO shares in American IPOs offered and traded on NASDAQ Markets.

Earlier, it used to take around 60 days to buy/sell stocks in stock markets, and the investor also had to go through loads of paperwork. But thanks to the Internet, this wait has been curbed, and in the last ten years, Indian capital markets have recorded 1488% of growth in exchange turnover.

As a result, the total number of demat accounts in India has now increased to 10.6 crores (100.6 million) in November 2022, 37% higher than a year earlier.   

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