It’s that time of year again when companies start announcing bonuses and quarterly results. Here are a few updates on some of the stocks to keep an eye on:
Sheela Foam Ltd. will be issuing a bonus in the ratio of 1:1, with a value of Rs. 5/- per share. This bonus will be issued to shareholders on the ex-date of December 21, 2022.
Bombay Rayon Fashions Ltd. will be holding a board meeting on December 21, 2022 to consider and approve the standalone and consolidated un-audited financial results for the quarter and six months ended September 30, 2022.
Vivo Bio Tech Ltd. will also be holding a board meeting on December 21, 2022 to discuss a preferential issue of shares.
Pacheli Industrial Finance Ltd. will be holding a board meeting on December 21, 2022 to consider and approve the appointment of directors and a change of address for keeping the company’s books of accounts and papers.
Rhetan TMT Ltd. will be holding a board meeting on December 21, 2022 to discuss a bonus issue and stock split.
Zim Laboratories Ltd. will be issuing a bonus in the ratio of 2:1, with a value of Rs. 10/- per share. This bonus will be issued to shareholders on the ex-date of December 22, 2022.
Precision Wires India Ltd. will also be issuing a bonus, in the ratio of 1:2 with a value of Re. 1/- per share. This bonus will be issued on the ex-date of December 22, 2022.
Supreme Infrastructure India Ltd. will be holding a board meeting on December 22, 2022 to discuss quarterly results.
Nupur Recyclers Ltd. will be issuing a bonus in the ratio of 1:1, with a value of Rs. 10/- per share. This bonus will be issued on the ex-date of December 23, 2022.
It’s important to keep an eye on these updates as they can have a significant impact on the value of your portfolio. Make sure to consult with your financial advisor and do your own research before making any investment decisions.
Elin Electronics Limited is a well-established provider of electronics manufacturing services (EMS). Since its inception in 1969, the company has built a reputation as a leading producer of lighting, fans, and small/kitchen appliances for some of the most well-known brands in India. Additionally, Elin Electronics is one of the largest fractional horsepower motor manufacturers in the country.
Elin Electronics offers a wide range of products and provides complete solutions for them using both “original equipment manufacturer” (OEM) and “original design manufacturer” (ODM) business models. The company’s diverse EMS product line includes: I) lighting products, ceiling, fresh air, and TPW fans, and modular switches and sockets; (ii) small appliances such as dry and steam irons, toasters, hand blenders, mixer grinders, hair dryers, and hair straighteners; and (iii) fractional horsepower motors used in mixer grinders, hand blenders, wet grinders, chimneys, and air conditioning systems.
The company operates factories in Ghaziabad (Uttar Pradesh), Baddi (Himachal Pradesh), and Verna (Madhya Pradesh). It also has a central R&D center in Ghaziabad, Uttar Pradesh, where research and development for all OEM and ODM models is conducted, including sketching ideas, refining designs, developing optional features, and testing.
In recent years, Elin Electronics has served a significant number of customers, including 327 in Fiscal 2020, 387 in Fiscal 2021, 342 in Fiscal 2022, and 297 in the seven months ending October 31, 2022. The company has also generated significant revenue from its operations, including Rs 7,855.84 million in Fiscal 2020, Rs 8,623.78 million in Fiscal 2021, Rs 10,937.54 million in Fiscal 2022, and Rs 6,044.57 million in the six months ending September 30, 2022.
The main goal of the Elin Electronics IPO is to raise funds that will be used to repay or make early payment on some of the company’s loans, fund capital expenses to improve and expand its facilities in Ghaziabad and Verna, and for general corporate purposes.
The IPO for Elin Electronics is tentatively scheduled to take place from December 20-22, 2022. The bid date will run from December 20 at 10 a.m. to December 22 at 5 p.m., with the last opportunity to confirm a UPI Mandate at 5 p.m. on the final day of the issue.
Radiant Cast Management Services
Radiant Cash Management Services Limited is a leading provider of retail cash management services in India, serving banks, financial institutions, and organized retail and e-commerce companies. Incorporated in 2005, the company has a team of qualified and motivated employees and a strong network of locations and touchpoints, serving more than 13,044 pin codes across India.
Radiant Cash Management Services offers a range of services including collection and delivery of cash, cash processing, overnight vaulting services for bulk cash and ATM cards, ATM services, and handling of PIN mailers, drafts, and cheque books. The company is also involved in the management of electronic online and mobile financial and cash transactions, as well as the development of intellectual property in the area of cash management.
Some of Radiant Cash Management Services’ key clients include Axis Bank, Citibank, Deutsche Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation, and Yes Bank.
The company is planning to go public with an initial public offering (IPO) to raise funds for working capital requirements, capital expenditure for the purchase of specially fabricated armored vans, and general corporate purposes. The IPO is tentatively scheduled to take place from December 23-27, 2022, with the bid date running from December 23 at 10 a.m. to December 27 at 5 p.m. The lot size for the IPO is 150 shares, and retail individual investors can apply for up to 13 lots, or a total of 1950 shares.
