Allied Blenders and Distillers IPO: A New Chapter in the Spirits Industry

Incorporated in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.

The Officer's Choice Whisky was introduced in 1988 as the company's foray into the mass premium whisky market. It is one of the most-selling whisky brands in the world in terms of annual sales volumes from 2016 to 2019.


Allied Blenders and Distillers Limited Financial Information

Period Ended31 Dec 2023
31 Mar 202331 Mar 202231 Mar 2021
Assets2,741.392,487.702,248.352,298.57
Revenue5,914.987,116.757,208.176,397.81
Profit After Tax4.231.601.482.51
Net Worth409.26406.10404.10381.78
Reserves and Surplus360.43357.28356.99327.85
Total Borrowing798.11780.82846.91954.74

Allied Blenders IPO Details

IPO DateJune 25, 2024 to June 27, 2024
Listing DateTuesday, July 2, 2024
Face Value₹2 per share
Price Band₹267 to ₹281 per share
Lot Size53 Shares
Total Issue Size53,380,783 shares
(aggregating up to ₹1,500.00 Cr)
Fresh Issue35,587,189 shares
(aggregating up to ₹1,000.00 Cr)
Offer for Sale17,793,594 shares of ₹2
(aggregating up to ₹500.00 Cr)
Employee DiscountRs 26 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre-issue244,113,665
Shareholding pre-issue279,700,854

Allied Blenders IPO Lot Size

ApplicationLots
Shares
Amount
Retail (Min)153₹14,893
Retail (Max)13689₹193,609
S-HNI (Min)14742₹208,502
S-HNI (Max)673,551₹997,831
B-HNI (Min)683,604₹1,012,724

Allied Blenders IPO Timeline

IPO Open DateTuesday, June 25, 2024
IPO Close DateThursday, June 27, 2024
Basis of AllotmentFriday, June 28, 2024
Initiation of RefundsMonday, July 1, 2024
Credit of Shares to DematMonday, July 1, 2024
Listing DateTuesday, July 2, 2024
The credit of Shares to Demat5 PM on June 27, 2024

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company andGeneral corporate purposes.

What to Expect from ixigo's IPO

Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name "ixigo".

The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.


ixigo IPO Details

IPO Date
June 10, 2024 to June 12, 2024
Listing DateTuesday, June 18, 2024
Face Value₹1 per share
Price Band₹88 to ₹93 per share
Lot Size161 Shares
Total Issue Size79,580,900 shares
(aggregating up to ₹740.10 Cr)
Fresh Issue12,903,226 shares
(aggregating up to ₹120.00 Cr)
Offer for Sale66,677,674 shares of ₹1
(aggregating up to ₹620.10 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre-issue374,519,945
Shareholding pre issueShareholding pre-issue

ixigo IPO Timeline

IPO Open DateMonday, June 10, 2024
IPO Close DateWednesday, June 12, 2024
Basis of AllotmentThursday, June 13, 2024
Initiation of RefundsFriday, June 14, 2024
Credit of Shares to DematFriday, June 14, 2024
Listing DateTuesday, June 18, 2024

ixigo IPO Lot Size

ApplicationLots
SharesAmount
Retail (Min)1161₹14,973
Retail (Max)132093₹194,649
S-HNI (Min)142,254₹209,622
S-HNI (Max)6610,626₹988,218
B-HNI (Min)6710,787₹1,003,191

The Importance of Risk Management in Trading

Risk management is a fundamental aspect of trading that distinguishes successful traders from those who fail. By carefully managing risks, traders can protect their capital, enhance their chances of long-term success, and navigate the volatile nature of financial markets. Here’s why risk management is crucial in trading:


1. Preservation of Capital

2. Emotional Stability

3. Consistency in Returns

4. Strategic Flexibility

5. Avoiding Overtrading

Key Risk Management Techniques

  1. Position Sizing:
  1. Stop-Loss Orders:
  1. Diversification:
  1. Risk-to-Reward Ratio:
  1. Regular Review and Adjustment:

Conclusion

Risk management is the cornerstone of successful trading. It ensures the preservation of capital, maintains emotional stability, provides consistent returns, and allows for strategic flexibility. By implementing robust risk management techniques, traders can navigate the uncertainties of the market with confidence and increase their chances of long-term success.


Kronox IPO: A Game-Changer in the Tech Industry

About Company

Incorporated in 2008, Kronox Lab Sciences Limited is a manufacturer of high-purity specialty fine chemicals for diverse end-user industries. The company's High Purity Specialty Fine Chemicals are used in various applications such as manufacturing APIs, pharmaceutical formulations, scientific research, nutraceuticals, biotech applications, agrochemical formulations, personal care products, metal refineries, and animal health products.

The company offers a wide range of over 185 products, including phosphate, sulfate, acetate, chloride, citrate, nitrates, nitrites, carbonate, EDTA derivatives, hydroxide, succinate, gluconate, and others. These products are supplied to customers in India and more than 20 countries worldwide.


Kronox Lab Sciences Limited Financial Information

Period Ended31 Dec 202331 Mar 2023
31 Mar 202231 Mar 2021
Assets66.9654.0356.7937.65
Revenue68.4497.5083.3463.24
Profit After Tax15.4716.6213.639.73
Net Worth60.2844.6840.3526.81
Reserves and Surplus15.567.5840.1126.57
Total Borrowing0.640.01

Kronox Lab Sciences IPO Details

IPO DateJune 3, 2024 to June 5, 2024
Listing DateMonday, June 10, 2024
Face Value₹10 per share
Price Band₹129 to ₹136 per share
Lot Size110 Shares
Total Issue Size9,570,000 shares
(aggregating up to ₹130.15 Cr)
Offer for Sale9,570,000 shares of ₹10
(aggregating up to ₹130.15 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding post issue37,104,000
Share holding post issue37,104,000

Kronox Lab Sciences IPO Timeline

IPO Open DateMonday, June 3, 2024
IPO Close DateWednesday, June 5, 2024
Basis of AllotmentThursday, June 6, 2024
Initiation of RefundsFriday, June 7, 2024
Credit of Shares to DematFriday, June 7, 2024
Listing DateMonday, June 10, 2024
Cut-off time for UPI mandate confirmation5 PM on June 5, 2024

Kronox Lab Sciences IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)1110₹14,960
Retail (Max)131430₹194,480
S-HNI (Min)141,540₹209,440
S-HNI (Max)667,260₹987,360
B-HNI (Min)677,370₹1,002,320

Highest Dividend Paying Stocks: Top Indian Stocks Of 2024


Dividend

A dividend is a portion of a company's earnings distributed to its shareholders. Typically paid in cash, dividends can also be issued as additional shares of stock or other property. Companies often pay dividends quarterly, though some may pay annually or as special one-time payments. Key dates include the declaration date (when the dividend is announced), ex-dividend date (the cutoff for new shareholders to receive the dividend), record date (the date by which shareholders must be on the company's books to receive the dividend), and payment date (when the dividend is actually distributed).

The dividend yield is a metric that shows the annual dividend payment as a percentage of the stock price. Companies may adopt various dividend policies based on their financial health and growth strategies. Dividends provide shareholders with regular income and reflect the company's profitability and stability.


Dividend Income Or Price Appreciation?

When investing in stocks, two primary ways to earn returns are through dividends and price appreciation. Here's a comparison to help understand the differences and benefits of each:

Dividend

Price Appreciation

Considerations

Investors should assess their financial goals, risk tolerance, and investment horizon when deciding between dividend income and price appreciation.


Top Dividend-paying Stocks in India

1) Coal India:-

Is a state-owned coal mining company in India, recognized as the largest coal producer in the world. Established in 1975, it operates through its subsidiaries in different regions of India and plays a crucial role in meeting the country’s energy demands. Here's a detailed look at Coal India and its dividend yield:

Company Overview

2) GRFC:-

Gujarat State Fertilizers & Chemicals Limited (GSFC)

Company Overview

GSFC is a key player in India's chemical and fertilizer industry, contributing significantly to agricultural and industrial development. The company is known for its diversified product portfolio and strong operational base.

Dividend Policy and Yield

GSFC has a history of paying dividends to its shareholders, reflecting its profitability and commitment to returning value to investors. The dividend yield is a crucial metric for evaluating the income-generating potential of an investment in GSFC shares.

Dividend Yield Calculation

Recent Dividend Information

As of the latest available data:

Using these figures, the dividend yield would be:
[
\text{Dividend Yield} = \frac{5}{100} \times 100 = 5\%
]

Factors Influencing GSFC's Dividend Yield

  1. Profitability: Higher profits allow for higher dividend payouts.
  2. Industry Performance: The performance of the fertilizer and chemicals industry can impact earnings and dividend decisions.
  3. Government Policies: As a government-promoted entity, policy changes in agriculture and chemicals can influence operations.
  4. Economic Conditions: Market demand, raw material costs, and economic conditions affect profitability and dividend capacity.

Investment Considerations


3) Oil and Natural Gas Corporation (ONGC)

Company Overview

ONGC is a state-owned enterprise and one of India's largest oil and gas exploration and production companies. It plays a crucial role in India's energy sector and contributes significantly to the nation's self-reliance in hydrocarbon resources.

Dividend Policy and Yield

ONGC has a history of paying consistent dividends to its shareholders, reflecting its robust financial performance and commitment to shareholder returns. The dividend yield is a critical metric for assessing the income potential of investing in ONGC shares.

Dividend Yield Calculation

Recent Dividend Information

As of the latest available data:

Using these figures, the dividend yield would be:

Dividend Yield=14160×100=8.75%Dividend Yield=16014​×100=8.75%

Factors Influencing ONGC's Dividend Yield

  1. Profitability: Higher profitability from oil and gas production supports higher dividend payouts.
  2. Oil Prices: Fluctuations in global oil prices can significantly impact earnings and dividends.
  3. Government Policies: As a state-owned enterprise, ONGC's operations and financial policies are influenced by government decisions.
  4. Operational Efficiency: Improvements in exploration, production technologies, and cost management can enhance profitability.

Investment Considerations


4) HCL Technologies Limited (HCL Tech)

Company Overview

HCL Technologies is one of India’s leading IT services companies, providing a wide range of technology and IT services globally. It has a strong presence in multiple verticals, including healthcare, financial services, telecom, media, and entertainment.

Dividend Policy and Yield

HCL Tech has a history of paying regular dividends, reflecting its strong financial performance and commitment to rewarding its shareholders. The dividend yield is a useful metric to evaluate the income potential from HCL Tech shares.

Dividend Yield Calculation

Recent Dividend Information

As of the latest financial year:

Using these figures, the dividend yield would be:

Dividend Yield=481000×100=4.8%Dividend Yield=100048​×100=4.8%

Factors Influencing HCL Tech's Dividend Yield

  1. Profitability: Higher profitability from robust business operations supports higher dividend payouts.
  2. Revenue Growth: Consistent revenue growth from expanding service offerings and global client base can enhance dividend payments.
  3. Operational Efficiency: Effective cost management and operational efficiencies contribute to better profit margins, allowing for substantial dividends.
  4. Market Conditions: Economic and market conditions, including demand for IT services and technological advancements, can impact earnings and dividends.

Investment Considerations


5) Vedanta Limited (VEDL)

Company Overview

Vedanta Limited is a diversified natural resources company, engaged in the exploration and production of various minerals and energy resources. It is one of the largest mining and non-ferrous metals companies in India, with a strong presence in several other countries.

Dividend Policy and Yield

Vedanta Limited has a history of paying substantial dividends to its shareholders, reflecting its robust financial health and commitment to returning value to investors. The dividend yield is a key indicator of the income-generating potential of Vedanta shares.

Dividend Yield Calculation

Recent Dividend Information

As of the latest financial year:

Using these figures, the dividend yield would be:

Dividend Yield=70.50280×100≈25.18%Dividend Yield=28070.50​×100≈25.18%

Factors Influencing Vedanta's Dividend Yield

  1. Commodity Prices: Fluctuations in the prices of metals, oil, and gas directly impact revenue and profitability, influencing dividend payments.
  2. Operational Performance: Efficient operations and cost management contribute to higher profit margins and potential for substantial dividends.
  3. Regulatory Environment: Changes in mining regulations, environmental laws, and government policies can affect operations and financial outcomes.
  4. Market Conditions: Global economic conditions and demand for natural resources can impact earnings and dividend decisions.

Investment Considerations


6) Hindustan Zinc Limited (HZL)

Company Overview

Hindustan Zinc Limited, a subsidiary of Vedanta Limited, is one of the world's largest integrated producers of zinc and among the leading producers of lead and silver. The company operates fully mechanized mines and smelters in Rajasthan, India.

Dividend Policy and Yield

Hindustan Zinc has a history of paying attractive dividends, reflecting its strong financial performance and substantial cash flow generation. The dividend yield is an important measure for investors looking to assess the income potential of holding HZL shares.

Dividend Yield Calculation

Recent Dividend Information

As of the latest financial year:

Using these figures, the dividend yield would be:

Dividend Yield=38.50320×100≈12.03%Dividend Yield=32038.50​×100≈12.03%

Factors Influencing Hindustan Zinc's Dividend Yield

  1. Commodity Prices: The prices of zinc, lead, and silver significantly impact revenue and profitability, affecting dividend payments.
  2. Operational Efficiency: Effective cost management and efficient operations contribute to higher profit margins, supporting substantial dividends.
  3. Regulatory Environment: Changes in mining laws, environmental regulations, and government policies can impact the company's operations and financial health.
  4. Market Demand: Global and domestic demand for zinc and other metals influences earnings and dividend capacity.

Investment Considerations


Awfis Solutions: Workspaces and Beyond



About: Awfis Space Solutions Limited

Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.

The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.

The company's core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provides supporting services such as food and beverages, IT support, infrastructure services, and event hosting.

As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. Additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft.

The company has expanded its business offerings and now provides in-house fit-out and facility management services at its centers.


Financial & Fundamentals of Awfis Space Solutions Limited

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,352.25930.61559.69508.58
Revenue633.69565.79278.72216.02
Profit After Tax - 18.94-46.64-57.16-42.64
Net Worth 247.19169.3694.72150.75
Reserve and Surplus -265.56-204.30-233.37-167.12
Total Borrowing23.7210.9212.112.97

Awfis Space Solutions IPO Details

Ipo dateMay 22, 2024 to May 27,2024
Listing Date
Face Value₹ 10 Per Share
Price Band39 share
Lot Size15,637,736 shares (aggregating up to ₹ 598.93 Cr)
Fresh Issue13,342.037 shares (aggregating up to ₹ 128.00 Cr)
Offer For Sale (OFS)12,295,699 share of ₹10 (aggregating up to ₹ 470.93 Cr)
List At BSE,NSE

Awfis Space Solutions IPO Timeline 

IPO Open DateWednesday, May 22, 2024
IPO Close DateMonday, May 27, 2024
Basic of allotmentTuesday, May 29, 2024
Initial RefundWednesday, May 29, 2024
Cread of ShareWednesday, May 29, 2024
Listing DateThursday, May 30, 2024
Cut Off time5 PM on May 27, 2024

A Story of Transformation: PSU Stocks



Public Sector Undertaking (PSU)

The PSU (Public Sector Undertaking) sector refers to companies owned and operated by the government in India. These entities span various industries such as banking, energy, telecommunications, and manufacturing. PSU companies play a significant role in the Indian economy, contributing to employment generation, infrastructure development, and socio-economic growth.

Historically, PSUs have been instrumental in key sectors where private investment was limited or where the government aimed to ensure public welfare. While they have provided stability and essential services, they have also faced challenges such as inefficiency, bureaucratic red tape, and sometimes political interference, affecting their performance and competitiveness.

In recent years, there has been a push for reforms in the PSU sector, including disinvestment and privatization efforts aimed at improving efficiency, enhancing competitiveness, and reducing the burden on government finances. Additionally, strategic disinvestment aims to unlock the value of these enterprises, attract private investment, and foster innovation and growth in sectors previously dominated by PSUs.

At least 9 PSUs have delivered over 1,000% returns since Covid lows. With a rally of 2,546%, Fertilisers and Chemicals Travancore emerged as the top gainer on the list. It was followed by RVNL (up 2,121%), Gujarat State Financial Corporation (up 1,759%), Chennai Petroleum Corporation (up 1,394%), and Hindustan Copper (up 1,335%). HALs, Indian Bank, BHEL, and IFCI also gained over 1,000% during the same period.


Changes Occur in the Psu Sector

Following the 2014 general elections in India, there were significant changes and expectations surrounding PSU (Public Sector Undertaking) stocks. The new government led by Prime Minister Narendra Modi emphasized economic reforms, privatization, and increased efficiency in the PSU sector.

Several measures were proposed and implemented to revitalize PSU stocks, including disinvestment plans, strategic sales, and initiatives to improve corporate governance and operational efficiency. These reforms aimed to unlock the value of PSU companies, attract private investment, and enhance their competitiveness.

Over the years, PSU stocks have experienced fluctuations influenced by a range of factors, including government policies, global economic trends, sector-specific challenges, and market sentiment. While some PSU stocks have shown improvement due to reforms and better performance, others have faced hurdles related to regulatory issues, financial restructuring, and market competition.

Overall, the performance of PSU stocks after 2014 has been mixed, with some companies witnessing growth and others struggling to adapt to changing market dynamics. Investors in PSU stocks have needed to carefully analyze the specific factors affecting each company to make informed decisions.


Govt. Major Update on the PSU Sector

Some potential major updates or reforms by the government to the PSU sector could include:

  1. Disinvestment and Privatization: Governments may announce plans to divest their stakes in certain PSUs through disinvestment or privatization, aiming to reduce fiscal burden, improve efficiency, and attract private capital.
  2. Strategic Sale: Governments might opt for strategic sales of certain PSUs, involving the transfer of management control to private entities, often with a focus on sectors where private competition is deemed beneficial.
  3. Performance Improvement Initiatives: Governments may introduce measures to enhance the operational efficiency, corporate governance, and accountability of PSUs, including restructuring, mergers, or collaborations to streamline operations and improve performance.
  4. Sector-specific Reforms: Governments could implement reforms tailored to specific sectors where PSUs operate, addressing challenges and fostering growth through policy interventions, regulatory changes, and investment incentives.
  5. Technological Upgradation and Innovation: Initiatives to encourage technological modernization, innovation, and research and development within PSUs to enhance competitiveness and adaptability to evolving market trends and technological advancements.

A Deep Dive into Zomato Company


About Company

Zomato, a global restaurant aggregator and food delivery platform, has revolutionized dining experiences worldwide. Founded in 2008, the Indian-based company offers a comprehensive platform for users to discover, review, and order food from a vast array of restaurants. With its intuitive interface and expansive database, Zomato provides users with detailed restaurant information, including menus, reviews, and ratings. Through strategic acquisitions and partnerships, Zomato has expanded its presence across numerous countries, becoming a dominant force in the food delivery industry. Its commitment to innovation and customer satisfaction continues to drive its success, making Zomato a household name in the culinary world.


Founders


Financials

Zomato Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales were INR 35,620 million compared to INR 20,560 million a year ago. Revenue was INR 37,970 million compared to INR 22,270 million a year ago. Net income was INR 1,750 million compared to a net loss of INR 1,890 million a year ago. Basic earnings per share from continuing operations was INR 0.2 compared to basic loss per share from continuing operations of INR 0.23 a year ago. Diluted earnings per share from continuing operations was INR 0.2 compared to diluted loss per share from continuing operations of INR 0.23 a year ago.For the full year, sales were INR 121,140 million compared to INR 70,790 million a year ago. Revenue was INR 129,610 million compared to INR 77,610 million a year ago


Fundings

Zomato has raised $2.7B in funding over 23 rounds. Their latest funding was raised on August 30, 2023, from a post-IPO secondary round. It’s funded by 35 investors. Invesco Mutual Fund and Societe Generale are the most recent investors.

Zomato has made 14 investments. Their most recent investment was on April 17, 2022, when UrbanPiper raised $24M. Zomato has had 2 exits. Zomato’s most notable exits include Blinkit and Grab. Zomato has acquired 15 organizations. Their most recent acquisition was BlinkIt on March 16, 2022. They acquired Blinkit for $725M.


Zomato and its Business

Food Delhivery

  1. Zomato operates as a food aggregator and delivery platform. Its business model typically involves the following key components:
  2. Restaurant Discovery: Zomato allows users to discover restaurants based on location, cuisine, reviews, and ratings.
  3. Online Ordering: Users can place food orders directly through the Zomato platform or app.
  4. Food Delivery: Zomato coordinates with delivery partners (either its own fleet or third-party delivery services) to fulfill orders and deliver food to customers.
  5. Revenue Generation: Zomato earns revenue through various channels, including commissions from partner restaurants on orders, advertising fees for featured restaurant listings, and subscription services for premium features.

Blink It

Blink operates as a short-form content creation platform with a multifaceted business model. Primarily, it generates revenue through advertising, where brands pay to promote their products or services through targeted ads and sponsored content. This advertising revenue is bolstered by the platform's ability to offer premium features or subscription tiers to users, providing an ad-free experience or access to advanced editing tools for a fee.

Additionally, Blink capitalizes on brand partnerships, collaborating with companies for branded content campaigns and influencer marketing initiatives. These partnerships enable brands to reach Blink's audience authentically through engaging content created by influencers on the platform, thereby diversifying Blink's revenue streams.

Moreover, Blink monetizes user data by collecting valuable insights into user preferences, behaviors, and interests. This data can be anonymized and aggregated to provide market research insights or sold to third parties for targeted advertising or analytics purposes, contributing further to revenue generation.

In summary, Blink's business model is built on a combination of advertising, premium features, brand partnerships, and data monetization. By providing a compelling content creation platform for users and offering valuable advertising opportunities for brands, Blink creates a symbiotic ecosystem where users, content creators, and advertisers can engage and interact. Through these various revenue streams, Blink sustains its operations and drives growth in the competitive landscape of short-form content platforms.

Hyperpure

Hyperpure, a B2B procurement platform by Zomato, simplifies sourcing for restaurants. It partners with suppliers, ensuring quality and freshness. Through centralized procurement, it negotiates competitive prices, passing savings to customers. Quality control measures guarantee product integrity. Its tech-driven platform facilitates seamless ordering and delivery tracking. Hyperpure may offer value-added services like inventory management. Revenue streams include product sales, subscription fees, and transaction charges. By optimizing the supply chain, Hyperpure aims to support restaurant businesses efficiently and sustainably.


Revenue Sharing

Zomato’s revenue from operations grew 15.4% to Rs 3,288 crore in Q3 FY24 in contrast to Rs 2,848 crore in Q2 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange.

Compared to the third quarter of the previous fiscal (Q3 FY23) year, its operating revenue went up by 68.8% from Rs 1,948 crore. 

Zomato operates several units including a food marketplace platform connecting end users, restaurants, and delivery personnel. Hyperpure provides farm-to-fork supplies to restaurants and businesses while Blinkit offers kirana, FMCG and other essentials within 10 minutes.

Meanwhile, dining.out and Zomato Live let users discover restaurants, reserve tables, and book tickets for entertainment events.

The firm made 51.8% of its total operating revenue via food ordering and delivery business, which grew 10.2% to Rs 1,704 crore in Q3 FY24 from Rs 1,546 crore in Q2 of the same financial year. 

Collections from its Hyperpure supplies (B2B business) increased 15.3% to Rs 859 crore during the same period while quick commerce vertical (Blinkit) contributed Rs 644 crore to the group’s coffers. The remaining income came from the ‘Going-out’ segment and other operating activities during the quarter ending December 2023.


Peer

Swiggy

Swiggy is an online food delivery platform operating in India. It connects users with nearby restaurants through its app or website, allowing them to browse menus, place orders, and track deliveries in real-time. Swiggy operates a fleet of delivery partners who pick up orders from restaurants and deliver them to customers efficiently. Revenue is generated through commission fees from partner restaurants, delivery charges paid by customers, and advertising fees. Swiggy also offers a subscription service called "Swiggy Super" for unlimited free deliveries and other benefits. With a focus on technology and data analytics, Swiggy aims to provide a seamless and convenient food ordering experience while supporting local restaurants and eateries.


Why Zomato Not Swiggy ?

Here are some reasons why some people might prefer Zomato over Swiggy:

  1. Restaurant Discovery and Reviews: Zomato offers a comprehensive restaurant discovery platform with detailed reviews, ratings, and photos, allowing users to make informed decisions about where to dine. This additional content enhances the overall dining experience and provides valuable information beyond just food delivery.
  2. Wider Range of Services: In addition to food delivery, Zomato offers additional services such as table reservations, takeaway ordering, and grocery delivery in some locations. This diversification provides users with more options and convenience beyond just ordering food online.
  3. Zomato Pro: Zomato Pro is a subscription service that offers discounts and complimentary dishes at partner restaurants, providing additional value for frequent users. This can be appealing for users looking to save money on dining out or ordering in regularly.
  4. User Experience: Some users may prefer Zomato's user interface and app design over Swiggy, finding it more intuitive and visually appealing. Zomato's interface may be especially favored by those who value restaurant discovery and exploration.

Ultimately, whether Zomato is better than Swiggy is subjective and can vary based on individual preferences, priorities, and experiences. Both platforms have their strengths and weaknesses, and what works best for one person may not be the same for another. It's essential for users to consider their specific needs and preferences when choosing between Zomato and Swiggy for food delivery services.


Top Stocks To Buy Before Election Result

Why Before Election?

The recent surge in volatility in the Indian stock market may persist for the next few weeks, and the benchmark Nifty 50 may correct for another 2-3 percent in the coming weeks, driven by the prevailing uncertainty surrounding the outcome of the Lok Sabha election on June 4th, according to experts.

Market experts, however, remain upbeat about the medium-to-long-term prospects of the Indian stock market as they believe volatility due to election outcome would be short-lived, and investors should buy quality stocks during the crash for the long term.


Amit Shah shares stock market tip: Buy before June 4 counting day

With a low voter turnout in the ongoing Lok Sabha elections being blamed for the fall in Sensex and Nifty, Union Home Minister and BJP leader Amit Shah has told investors to buy the dip.

"The stock market has witnessed bigger dips than this one. It should not be linked to the elections. Anyways, rumors may have happened. You can buy before June 4, it (the market) will shoot up," Shah told NDTV.

After That interview, the nifty which Was trading at 22000 Within 3 Days touched the High of 22300 Level


But then Also We should not fall for tips and Calls to trade or invest in the stock market no matter who is saying and what before our analysis of the market


Fundamental Analysis

A method of evaluating the intrinsic value of an asset and analyzing the factors that could influence its price in the future is called Fundamental analysis. This form of analysis is based on external events and influences, as well as financial statements and industry trends.

KEY TAKEAWAYS


Stocks To Watch Before Election





Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Seben Capital. We advise investors to check with certified experts before taking any investment decisions.

Go Digit IPO Sets the Stage for Innovation

About Go Digit General Insurance Limited

Incorporated in December 2016, Go Digit General Insurance Limited is an insurance provider offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, which customers can customize to meet their needs.

The company has currently launched a total of 74 active products across all its business lines.

As of December 31, 2023, the company had about 61,972 partners, including 58,532 POSPs and other agents.

As of December 31, 2023, the company had a distribution center in 24 states and union territories in India.

As of Dec 31, 2023, the company had 473 active bots to automate tasks for functions and partners.

As of December 31, 2023, the company currently operates 75 offices throughout India.

As of March 31, 2023, and December 31, 2023, the company had 3,333 and 3,957 employees, respectively.


Financial & Fundamentals of Go digit.

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,619.953346.752919.011874.80
Revenue130.8339.19-293.64-188.55
Profit After tax129.0235.54-295.83-122.76
Net Worth2459.342325.471866.871134.57
Reserves and surplus2391.972,381.611975.07973.14
Total Borrowing200.00

Peer Competitor Comparison

The listed peers of the firm are ICICI Lombard General Insurance Firm Ltd (P/E of 48.14x), Star Health and Allied Insurance Company Ltd (P/E of 53.79x), and New India Assurance Company Ltd (P/E of 38.47x).

NameP/E Ratio
ICICI Lombard General Insurance 48.14
Star Health and Allied Insurance53.79
New India Assurance Company38.47
Go Digit general insurance663

Highest PE against all other peers

Go Digit IPO Details

The IPO opening date is May 15, 2024, and will close on May 17, 2024, IPO list on May 23, 2024.

IPO DateMay 15, 2024 to May 17, 2024
Listing Date23 May 2023
Face Value₹10 per share
Price Band₹258 to ₹272 per share
Lot Size55 Shares
Total Issue Size96,126,686 shares
(aggregating up to ₹2,614.65 Cr)
Fresh Issue41,360,294 shares
(aggregating up to ₹1,125.00 Cr)
Offer for Sale54,766,392 shares of ₹10
(aggregating up to ₹1,489.65 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre issue875,842,046
Shareholding pre issue917,202,340

Go Digit IPO Timeline

Ipo opens on May 15, 2024, and Close on May 17, 2024, Basis Allotment will be on May 21, 2024, Initial refund will be on May 22, 2024, Listing Date is May 23, 2024

IPO Open DateWednesday, May 15, 2024
IPO Close DateFriday, May 17, 2024
Basis of AllotmentTuesday, May 21, 2024
Initiation of RefundsWednesday, May 22, 2024
Initiation of RefundsWednesday, May 22, 2024
Listing DateThursday, May 23, 2024
Cut-off time for UPI mandate confirmation5 PM on May 17, 2024

LISTING GAINS

Go Digit General Insurance made a quiet debut on the stock exchanges on May 23 after listing at Rs 286. That's a premium of just 5.14 percent over the issue price of Rs 272. Soon after the listing, the share price gained 6 percent further to trade 11 percent higher at Rs 301.