Tag: Finance

  • REIT: A pathbreaking trend that boost the FOP in real estate in 2024. By Shravan Gupta

    REIT: A pathbreaking trend that boost the FOP in real estate in 2024. By Shravan Gupta

    Mumbai (Maharashtra) [India], March 30: The Indian Fractional ownership is constantly growing. Real estate experts have projected steady growth for the commercial segment. People are willing to invest in commercial projects due to the bullish and thriving real estate market.

    The fractional ownership platform holds the potential to boost the commercial real estate sector. Shravan Gupta, MGF Group feel it will grow over 25% in 2024. It will draw more buyers in the sector making it a profitable notion for attracting potential investors. Experts suggest commercial real estate is likely to grow 10 times more in the next 5 years and has immense investment potential for Foreign and Domestic Investors. The growth of FOP can be attributed to the opening up of the Real estate stock market.

    Some factors responsible for the transformation can be credited to developments like:

    Government initiatives

    New constructions

    The democratisation of assets

    .

    Role of REIT in FOP’s growth:

    In 2024, the commercial real estate segment will witness enhanced liquidity in the sector. This has made it a profitable notion for new and existing customers. Developers like Shravan Gupta, MGF Group are investing more in the real estate segment and this trend is likely to continue. 

    The transformation in FOP has been made possible due to investments in the REIT segment. These have paved the way for higher investments in commercial real estate through the FOP model. Some experts feel this plays a crucial role in drawing more investors in FOP. The open market transaction has completely transformed the real estate sector. It has boosted the transparency factor in FOP Models. Such opportunity was not available earlier leading to a decline in Fractional Ownerships. This model is going to be the reason for the real estate’s development in the future.

    The growth of small and medium REITs is another reason for the growth of the Fractional ownership platform. The changes implemented by the government have boosted the small and Medium REITs. The FOPS are easy to register through the REIT Scheme. It will have a positive impact on the commercial market making it more profitable. 

    Some other advantages of the Fractional ownership platform include advantages like:

    It allows the potential to boost the minimum holding due to REIT investment.

    All investors can raise capital through stock markets for an investment in the FOP platform.

    Fractional ownership and REITs have boosted the Indian real estate sector. This sector is expected to grow and attract more investors this year. Invest in real estate for potential growth and be a part of the story called Indian Real estate.

     Website: https://shravangupta.com/ 

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • Safe trading in the currency market in India- Ahmad Qutaishat, Sales Director, VT Markets

    Safe trading in the currency market in India- Ahmad Qutaishat, Sales Director, VT Markets

    New Delhi (India), March 29: In terms of trading volume, foreign exchange is possibly the largest market in the financial world. While decentralized systems and global currency networks allow a continuum of transactions and trading, they also make the market extremely volatile.

    However, due to the vast number of continuous transactions, the forex market is also considered the most liquid market. This is what makes it so attractive to traders. Although the rapid rise and fall in currency rates implies a higher risk of losses, they also make for better profits in bullish times.

    Therefore, in order to sustain profits, it is crucial to adopt safe trading practices in the currency market. This applies to the Indian currency trade environment as well. According to Ahmad Qutaishat, Sales Director, VT Markets, here are 5 keys to safe trading strategies that can help support and boost your transactional profits.

    1. Learn basic forex trading regulations

    Beginners should take the time to learn regulations and understand the basics of forex market trading in India. Researching and self-education help beginners focus on managing risk factors and applying safety measures. Choose a reputable financial adviser or broker, consistently verify regulatory compliance and use secure trading accounts.

    2. Small beginnings

    To gain some market experience, it is useful to open a demo/practice account before investing capital. This helps you experience the market and understand what works best for your money situation by making more informed decisions.

    3. Maintain a trading journal

    While monitoring the profit/loss position in the market it is also vital to keep track of all your own trading activity. Keeping a log of all your trades will provide a broad overview that helps you understand the market better and also align your strategies for better profits, by showing you where and how your money performed best and where it fell short of expectations. Therefore, you will be less prone to repeating trading mistakes and can reduce potential losses.

    4. Keep yourself informed about geopolitical factors

    By tracking geopolitical situations and developments such as war or natural disasters, you will know the trends that affected trades in those regions, and help you frame a more sustainable strategy. By keeping up with national and international economic and political developments, you can make better trading decisions.

    5. Avoid emotional trading

    Use your better judgment. Volatility is built into the forex trading market. Rapid and sudden fluctuations in price levels might compel you to adopt changes of strategies in your trading plans to maintain profits.

    However, avoid getting carried away by transitory trends, no matter how attractive they appear in the short term. Therefore, use self-appropriate time-frames and focus on trading only what you can comfortably afford to lose.

    6. Choose the appropriate stop-loss levels

    Probably the most frequently given advice in the currency market is that you need to choose the right level for stop loss to protect your trading account from heavy losses. Do research; be rational and logical when deciding which of several methods to use for deciding the correct stop loss level.

    The Foreign exchange market can be exciting and risky to trade in. Nevertheless, if you can understand it in depth, its inbuilt volatility makes it an enticing space for trading. However, some things can only be learned through first-hand experience. The more time you spend trading in the market, the better will be your ability to set achievable financial goals for passive income.

    Keep in mind these safety rules and give a kick-start to your trading journey.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • PhonePeyLoan Launches Innovative Financial Services Platform, Redefining Borrowing Experience

    PhonePeyLoan Launches Innovative Financial Services Platform, Redefining Borrowing Experience

    PhonePeyLoan is redefining borrowing experience with the launch of its innovative financial services platform, empowering dreams and lives of its users with instant customer loan services, so customers never have to go anywhere else. 

    In an era defined by speed, convenience, and accessibility, the financial environment is dynamically evolving. Instant loan apps are becoming a go-to choice for those who require easy and quick financial support. Ease of use, 24/7 availability, swift access to funds, and fast disbursal attracts many people. PhonePeyLoan not only offers these benefits but also offers easy application, competitive interest, no hidden charges, minimal documentation, easy repayment, and more. It provides users with unmatched and exceptional instant personal loan services. 

    PhonePeyLoan’s innovative platform plays a transformative role in digital lending. Its revolutionary fintech mechanism makes the lending process so convenient that once acquainted with its instant personal loan services, customers never go anywhere else. Each PhonePeyLoan service represents flexibility and transparency to provide quick cash for quick needs. This allows customers looking for instant financial support to seamlessly apply for a loan, submit the documents, and get disbursal shortly. 

    Digital lending platforms have brought flexibility into lending. PhonePeyLoan understands this. It lives up to its customer expectations with top instant personal loan services for all needs, including emergency cash crises. It even empowers its users with the best-in-class loan services including traveling loan, shopping loan, emergency loan, loan to clear bill, home renovation loan, etc., also ensuring a fair, transparent, and speedy borrowing experience. 

    PhonePeyLoan is free from the limitations of the traditional loan system. While traditional lending procedures involve many steps, ranging from providing an amount of personal income to filling out lengthy forms, PhonePeyLoan holds the promise of making instant loans readily available online. Individuals can access funds almost instantly, in a couple of hours, and simultaneously impart an outstanding borrower experience. It opens doors for an instant loan and flexible repayment tenures, allowing individuals to get the cash quickly.

    PhonePeyLoan’s Assistant Vice President, Divya Sarkey, shares, “We believe PhonePeyLoan is redefining the borrowing experience. By offering unparalleled flexibility and better accessibility, we are empowering the new generation of lenders to meet their personal loan needs seamlessly.” “This is just the beginning for us, and we are excited to see how PhonePeyLoan reshapes everyone’s borrowing experience,” adds the Senior Credit Manager of the company, Mamta Dangri. 

    PhonePeyLoan’s transformative financial services platform is a game-changer. It offers a user-friendly interface, which makes borrowing simple and easy for individuals with very busy schedules out there.

    “With our innovative features, commitment to best-in-class personal loan services, and focus on user experience, PhonePeyLoan is poised to empower borrowers and redefine the way one accesses and manages financial needs,” finishes the Product Manager, Sachin Sharma.

    PhonePeyLoan is committed to constantly innovating to meet the evolving borrowing needs of its users. The entire team associated with this fintech brings the newest features and benefits to deliver a unique borrowing experience unlike ever before. 

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • Greenhitech Ventures Ltd gets in-principal listing approval from BSE SME

    Greenhitech Ventures Ltd gets in-principal listing approval from BSE SME

    Mumbai (Maharashtra) [India], March 26: Greenhitech Ventures Limited trades various petroleum-based products tailored to diverse industry needs, including biofuels, bitumen, and furnace oils. The company actively engages in the operation and maintenance of ethanol manufacturing in government-owned distilleries.

    Driven by experience in agriculture and a commitment to innovation, Greenhitech Ventures Limited positions biofuels as a sustainable alternative to traditional fossil fuels. The company, well-recognised in the Purvanchal belt of Uttar Pradesh, India, emphasises “Effective, Efficient, and Economical” principles in all its services and supplies. With a focus on staying current with evolving technologies and market trends, Greenhitech Ventures Limited provides comprehensive business solutions to consumers of fuels and alternative materials across India.

    Greenhitech Ventures Ltd IPO Objectives

    The company plans to allocate the net proceeds from the issuance to the following purposes:

    1. To meet working capital requirement

    2. General corporate purpose.

    3. To meet the issue expenses.

    The lead manager of the issue is BeeLine Capital Advisors Pvt Ltd, and the registrar of the issue is Sky Financial Services Pvt Ltd.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • KP Green Engineering shares list at Rs. 200, hit upper circuit to close at Rs. 210

    KP Green Engineering shares list at Rs. 200, hit upper circuit to close at Rs. 210

    Film actor Suraj Pancholi named as brand ambassador of KP Green Engineering

    Surat (Gujarat) [India], March 23: The listing ceremony of the shares of KP Green Engineering Limited on BSE was organised in Surat on Friday, marking the first time a company has been listed in the city.

    KP Group CMD and Promoter Dr Faruk G Patel rang the bell to mark the listing of KP Green Engineering’s shares on BSE. 

    The shares of KP Green Engineering listed at Rs. 200, 38% higher than the issue price of Rs. 144. The shares closed at the upper circuit of Rs. 210, giving the company a market capitalisation of Rs. 1,050 crore.

    Speaking on the occasion, Dr Patel said, “We are thrilled by the excellent listing and the tremendous response to our IPO. The IPO was oversubscribed 29.58 times with bids of Rs. 3,727 crore compared to the issue size of Rs. 189.50 crore. We will strive to live up to the trust our investors have placed in us.”

    Sharing the company’s journey of 21 years, Dr Patel said that KP Green Engineering is the flagship company of KP Group. He said that having started with a capacity of 50 metric tonnes per annum, its capacity has touched 53,000 metric tonnes. He said that funds raised through the IPO would be used to establish a new factory at Matar in Bharuch, which would take the company’s capacity to 2.94 lakh metric tonnes.

    .

    KP Green Engineering’s Whole-time director Moinul Kadwa, CFO Salim Yahoo, Director Affan Patel, Pravin Singh, Hasan Patel, Dr Indugupta Rao, Surinder Negi, and BSE CMD Ajay Thakur, also witnessed the listing ceremony in Surat.

    An advertisement of KP Green Engineering featuring Bollywood actor Suraj Pancholi, who was named as the company’s brand ambassador, was launched on the occasion. Suraj’s parents and actors Aditya Pancholi and Zareena Wahab, and KP Group’s brand ambassador and former cricketer Munaf Patel were also present on the occasion.

    KP Green Engineering is the third company of KP Group, a leader in renewable energy, to be listed on the stock exchanges. KP Energy and KPI Green Energy, which have a combined market cap of more than Rs. 13,000 crore, are the other two listed entities of the group.

  • Award-winning brokerage VT Markets aims to make trading easy for everyone

    Award-winning brokerage VT Markets aims to make trading easy for everyone

    The user-friendly platform from VT Markets ensures that beginners can access the most reliable tools and resources, making it easy to trade

    New Delhi (India) March 20: Due to the evolving dynamics and growing economy, the South Asian region is witnessing a surge in people opting to trade. The region has drawn the interest of numerous brokers, making it important for traders to find a reliable brokerage firm that can provide a user-friendly trading platform and mobile application as well as a range of trading tools and resources to make smarter trading decisions on the go. 

    VT Markets, a global, multi-asset brokerage firm, has recently introduced its user-friendly platform and mobile application in the South Asian market, to make trading more accessible for novice and experienced users. The company aims to build a reliable and accessible platform to meet the needs of all traders, providing them with real-time market data, charting tools and educational resources, thereby helping the traders to make smart decisions instantly. 

    VT Markets provides its users with access to over a thousand financial instruments that allow them to trade almost every asset class including commodities, gold and ETFs. The company has also tied up with TradingView to use its cutting-edge technology, ensuring that traders have access to the best resources available while making crucial trading decisions. A multitude of expert tools for traders including comprehensive market research data, advanced financial visualisation tools, multiple chart types and live market updates can help their customers plan for better decision making, thereby making the trading process much easier. VT Markets gives its traders a variety of platforms to choose from, including the popular MetaTrader 4 and 5 platforms, as well as WebTrader, WebTrader+ and the VT Markets App.

    Commenting on VT Markets’ foray into the South Asian market, the company’s Head of Affiliates, Ludovic Moncla said: “With a beginner-friendly, tailored user experience, and educational focus, VT Markets is uniquely positioned to offer the most value to aspiring traders in South Asia.”

    Recently, VT Markets announced a multi-year global partnership with Maserati MSG Racing, starting off with Season 10 of the FIA Formula E World Championship that is currently ongoing. This is one of the initial collaborations of its kind in the multi-asset brokerage sector and VT Markets’ inaugural venture into sports partnerships. 

    With a constant focus on providing best-in-class service, VT Markets has also recently become an Approved Broker Member of the Financial Commission, an independent external dispute resolution (EDR) forum, thereby reinforcing its commitment to better service including protection by the Commission’s Compensation Fund.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • Unveiling the Power of a Low Brokerage Demat Account in India with Alice Blue

    Unveiling the Power of a Low Brokerage Demat Account in India with Alice Blue

    Bengaluru (Karnataka) [India] March 19: In the fast-paced world of investments and trading, every rupee saved on brokerage fees holds significant value. As an investor or trader in India, you are perpetually scouting for platforms that offer cost-effective solutions without compromising quality and service. Alice Blue stands out as a pioneering force in the online trading platform arena, revolutionizing the landscape with its low brokerage Demat account offerings. 

    Understanding the Essence of a Low Brokerage Demat Account

    Before delving into the specifics of Alice Blue’s offerings, it’s crucial to grasp the significance of a Low Brokerage Demat account in the Indian market. A Demat account serves as a secure repository for holding financial securities in electronic format, eliminating the need for physical share certificates. Traditionally, brokerage firms levy fees for facilitating transactions and maintaining these accounts. However, the advent of low brokerage models allows investors to enjoy substantial cost savings, thereby maximizing returns.

    Alice Blue: Redefining Brokerage Standards

    Alice Blue has emerged as a game-changer in the brokerage industry, harnessing technology to provide seamless trading experiences at competitive rates. The platform offers trading in equity markets, mutual funds, and commodities, with a vision to empower every investor, from seasoned professionals to novices. It offers a plethora of features designed to optimize trading efficiency while minimizing costs.

    Key Features and Benefits:

    1. Low Brokerage Fees: At the heart of Alice Blue’s offering lies its commitment to transparency and affordability. With brokerage rates as low as flat ₹15 per trade across segments, investors can execute transactions without worrying about excessive charges denting their profits. Cash and carry trades in the equity segment attract zero brokerage, providing a significant advantage to investors.

    2. Cutting-Edge Technology: Alice Blue leverages advanced technological solutions to deliver a smooth and intuitive trading experience. From lightning-fast order execution to real-time market data updates, the platform ensures investors always stays ahead of the curve. Given the sensitivity of financial data handled by online trading platforms, robust cybersecurity features are imperative.

    Alice Blue boasts advanced cybersecurity software that safeguards against unauthorized access, and cyber-attacks, and ensures compliance with regulatory requirements. In today’s fast-paced online trading world, Alice Blue stands out with its cutting-edge technology. Offering lightning-fast order execution and real-time market updates, Alice Blue keeps investors informed and empowered to make quick decisions.

    With a strong focus on security, Alice Blue ensures the protection of sensitive financial data through robust cybersecurity measures. By prioritizing reliability, security, and user experience, Alice Blue is redefining online trading standards.

    3. Comprehensive Research and Analysis: In today’s dynamic market environment, informed decision-making is crucial for success. Alice Blue equips traders with a suite of research tools and analytics, empowering them to identify lucrative opportunities and optimize their investment strategies. 

    4. Robust Security Measures: Security is paramount regarding financial transactions, and Alice Blue prioritizes the protection of its clients’ assets. With state-of-the-art security protocols and encryption mechanisms in place, investors can trade with confidence, knowing that their sensitive information is safeguarded against cyber threats.

    5. Personalized Support: Despite its focus on technology-driven solutions, Alice Blue understands the importance of human interaction in addressing customer needs. The platform offers dedicated customer support services ensuring that customers receive prompt assistance from 9 am to 6 pm. 

    Empowering Investors for Success

    By offering a low brokerage Demat account, Alice Blue is not just facilitating transactions; its empowering investors to take control of their financial destinies. Whether you’re a seasoned trader looking to optimize costs or a newcomer dipping your toes into the world of investments, Alice Blue provides the tools and resources needed to thrive in today’s competitive market landscape.

    The Future of Trading

    As technology continues to reshape the financial services industry, the demand for cost-effective and efficient trading solutions will only intensify. With its customer-centric approach and commitment to innovation, Alice Blue is poised to lead the charge, setting new benchmarks for excellence in brokerage services.

    Conclusion

    A low brokerage Demat account with Alice Blue is not just a platform for executing trades; it’s a gateway to a world of possibilities, where investors can pursue their financial goals with confidence and conviction. With competitive rates, cutting-edge technology, and unwavering customer support, Alice Blue is redefining the standards of brokerage services in India, one trade at a time.

    To know more: https://aliceblueonline.com/open-account-fill-kyc-request-call-back?C=MWANLR

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • Enfuse Solutions Limited IPO To Open On 15th March, Sets Price Band At Rs 91 to Rs 96 Per Share

    Enfuse Solutions Limited IPO To Open On 15th March, Sets Price Band At Rs 91 to Rs 96 Per Share

    New Delhi (India), March 15: Established in 2017, Enfuse Solutions Limited specializes in offering comprehensive digital solutions across various domains including E-commerce, Digital Services, Machine Learning/Artificial Intelligence, Education Technology, and Data Management & Analytics. The company is poised for its initial public offering (IPO), with plans to raise INR 22.44 crores through the issuance of 23.38 lakh new shares.

    For its SME Initial Public Offering (IPO), Enfuse Solutions Limited has established a price band of Rs 91 to Rs 96 per share. The company’s shares will open for subscription on March 15, 2024 and closes on March 19, 2024. These will be listed on the NSE Emerge, with a projected listing date of Friday, March 22, 2024

    Hem Securities Limited is the book running lead manager of Enfuse Solutions Ltd IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

    The issue proceeds will be utilized in repayment of certain Borrowings availed by the Company, to meet working capital requirements and general corporate purposes.

    On Wednesday, March 20, 2024, the shares for the Enfuse Solutions IPO are anticipated to be allotted, and on Thursday, March 21, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

    Retail investors need to contribute a minimum of Rs 1.152 lakh considering the minimum lot size for an application is 1200 shares. For HNIs, the minimum bidding size is two lots, or 2400 shares, for a total investment of Rs 2.304 lakh at the upper price band.

    Enfuse Solutions Limited’s revenue increased by a CAGR of 23.15% and profit after tax (PAT) rose by 37.23% % during the period FY 2021-23. Revenue as on 31st December 2023 was Rs. 28.03 Crs. with a PAT of Rs. 3.22 Crs. at 11.51% margin.

    Enfuse Solutions Limited is active in four key areas: Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Education Technology and Solutions. The company’s primary offerings encompass a suite of innovative solutions, such as AI-driven auto proctoring to identify anomalies during assessments, advanced tagging and labelling for pattern recognition and predictive analytics, comprehensive e-commerce platform management including product listing and payment gateway integration, and sophisticated data analytics to reveal trends and inform strategic decisions.

    The Company has two delivery centres, one in Mira Road, Thane, Maharashtra and the second unit in Vikroli, Mumbai, Maharashtra. The Company generates revenue from domestic operations in India and exports services to countries like the USA, Ireland, Netherlands, Canada etc. During the financial year ended FY 2023 the company generated 83.47% of Revenue from exports.

    As of December 31, 2023, the Company has employed a total of 448 individuals at various levels of the organization, including key members.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • KP Green Engineering Limited’s SME Initial Public Offering set to open on Friday, March 15th, 2024, price band set at Rs 137  to Rs 144 per Equity Share

    KP Green Engineering Limited’s SME Initial Public Offering set to open on Friday, March 15th, 2024, price band set at Rs 137 to Rs 144 per Equity Share

    • Price Band of ₹137 /- to – ₹144/- per equity share bearing face value of ₹5/- each (“Equity Shares”)
    • Bid/Offer Opening Date – Friday, March 15th, 2024 and Bid/Offer Closing Date – Tuesday, March 19th, 2024.
    • Minimum Bid Lot is 1000 Equity Shares and in multiples of 1000 Equity Shares thereafter.
    • The Floor Price is 27.4 times the face value of the Equity Share and the Cap Price is 28.8 times the face value of the Equity Share
    • Total Issue Size at Cap Price: Rs 189.50 crs – Largest SME IPO Offering in the History of Capital Markets

    Mumbai/Surat (India), March 9:  Gujarat-based KP Green Engineering Limited, manufacturer of hot-dip galvanized steel structures, has fixed the price band of ₹137/- to ₹144/- per Equity Share of face value ₹5/- each for its maiden initial public offer.

    The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, March 15th, 2024, for subscription and close on Tuesday, March 19th, 2024. Investors can bid for a minimum of 1000 Equity Shares and in multiples of 1000 Equity Shares thereafter.

    The issue consists of a fresh issue of up to 1,31,60,000 equity shares with “NO Offer for Sale” (OFS) – from promoter and promoter group.

    The Issue is being made through the Book Building Process, wherein not more than 50% of the Net Issue shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Net Issue shall be available for allocation to Non-Institutional Investors and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders.

    The overall project cost of the manufacturing facility is Rs. 174.04 crores. Out of the total net proceeds to be raised through the offer, the company proposes to utilise up to Rs 156.14 crores against the object “Part finance the capital expenditure towards setting up of a new manufacturing unit to expand its current production capabilities as well as expanding its current product portfolio”

    KP Green Engineering Limited, a flagship company of KP Group, established by Dr. Farukbhai Gulambhai Patel, -. in 1994,KP Group has completed more than 25 years of its successful operations. The company has more than 30+ entities in its fold throughout India for organizational growth. KP Group also has more than 15+ years of experience in renewable energy sector.

    Founded in 2001, the company specialized in manufacturing hot-dip galvanized steel items. Its extensive product range includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, beam crash barriers, and other infrastructure solutions.  Additionally, it offers Fault Rectification Services (FRT) for optical fiber cables, galvanizing job work, and solar installation services.

    KP Green Engineering Limited’s SME Initial Public Offering set to open on Friday, March 15th, 2024, price band set at Rs 137 to Rs 144 per Equity Share - PNN Digital
    .

    With in-house fabrication and hot dip galvanizing facilities, KP Green Engineering offers one stop solutions of engineering, designing, galvanization, and deployment processes seamlessly with focused approach on renewable energy segment. Currently it operates from its manufacturing facility at Dabhasa, Vadodara, Gujarat, spread across 2lac sq. ft and has an installed capacity of 53,000MT per annum.

    It plans to expand its existing product portfolio such as High Masts, Floor Gratings, Pre-Engineered Buildings and Heavy Fabrications along with existing product portfolio and establish a manufacturing facility at Matar, Bharuch with an installed capacity of 294,000 MT per annum.

    KP Green Engineering Limited is also recognized by GETCO (Gujarat Energy Transmission Corporation Limited) and MSETCL (Maharashtra State Electricity Transmission Company) and currently caters to requirements up to 400 Kw and 220 Kw, respectively.

    As on December 31, 2023, the Company has 69 projects with an aggregate order book value of approximately Rs 233.91 cr.

    KP Green Engineering Limited clocked a profit of Rs 12.40 crores in the financial year FY23, up from Rs 4.54 crores in the previous year translating into 2.73 times increase in profits. Revenue during the year FY23 increased significantly to Rs 114.21 crores from Rs 77.70 crores in the previous year, an increase of 47%, primarily due to an increase in revenue from the sale of products and services. The company has achieved almost equal revenue and PAT of FY 2022-23 in just 6 months till Sep-2023.

    For six months ended September, revenue from operations stood at Rs 103.93 crores, and profit after tax stood at Rs 11.27 crores.

    Beeline Capital Advisors Private Limited is the sole book-running lead manager. The equity shares are proposed to be listed on the BSE SME Platform.

    LISTING: The Equity Shares Issue through the Red Herring Prospectus are proposed to be listed on the SME Platform of BSE Limited. Our Company has received an in-principle approval from the BSE Limited for the listing of the Equity Shares pursuant to letter dated March 01, 2024. For the purposes of the Issue, the Designated Stock Exchange shall be SME Platform of BSE Limited. A signed copy of the Red Herring Prospectus has been submitted with the ROC on March 07, 2024 and Prospectus shall be submitted for registration to the RoC in accordance with Section 26(4) of the Companies Act, 2013. For details of the material contracts and documents available for inspection from the date of the Red Herring Prospectus up to the Bid/ Issue Closing Date, see “Material Contracts and Documents for Inspection” on page 306 of the Red Herring Prospectus.

    DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”): Since the Issue is being made in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018, the Offer Document was filed with SEBI. In terms of the SEBI Regulations, the SEBI shall not issue any observation on the Issue Document. Hence there is no such specific disclaimer clause of SEBI. However, investors may refer to the entire Disclaimer Clause of SEBI beginning on page 246 of the RHP.

  • StockGro Celebrates International Women’s Day with the Rollout of Menstrual Leave Policy in the Organisation

    StockGro Celebrates International Women’s Day with the Rollout of Menstrual Leave Policy in the Organisation

    StockGro is marking an important milestone by initiating a menstrual leave policy to foster a healthier environment for female team members.

    Bengaluru (Karnataka) [India], March 8:  On the occasion of International Women’s Day, StockGro made a significant stride by introducing a Menstrual Leave Policy. This policy, addressing a crucial yet often neglected aspect of workplace inclusivity, underscores StockGro’s unwavering dedication to promoting gender equality and enhancing the well-being of its female employees through tangible and substantial support.

    Acknowledging the physical discomfort and challenges associated with menstruation, which can impair focus and productivity, StockGro offered women the option to take one day off each month during their menstrual cycle. This initiative highlighted StockGro’s understanding and respect for women’s health concerns, ensuring they no longer have to endure discomfort to meet work obligations.

    Designed to be accessible to every woman at StockGro, this policy clearly manifests the company’s core value of inclusivity. By streamlining the process of taking menstrual leave and eliminating the need for medical documentation, StockGro has prioritised the privacy and dignity of its female team members.

    Ajay Lakhotia, StockGro’s founder, emphasised the initiative’s importance, stating, “Our objective was to nurture a workplace culture that supports every individual, particularly by recognising and addressing the specific needs of women. We hope this initiative encourages other organisations to reflect on and improve how they support their teams.”

    StockGro is India’s premier experiential social learning platform for trading and investments. With over 50 million users nationwide, StockGro is the trusted destination for individuals seeking to learn and master the art of trading and investments. StockGro has successfully empowered financial enthusiasts across 900+ prestigious educational institutions and many pioneering financial startups, offering a unique and immersive learning experience.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.