Wealth Growth Path

Total revenue up 128% to Rs. 38.96 cr . BOD Recommends 2.5% Dividend of Rs. 0.25 per equity share of Rs 10/ each VASA   Retail and Overseas Ltd, engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, has reported remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The total revenue for the full year FY19 rose by 128% to Rs. 38.96 Crores compared to Rs.17.08 Crores reported in the corresponding last financial year of FY18.  The Net Profit for the full year ended March 31, 2019 grew rises 173 % to Rs. 1.53 Crore compared to Rs 56 Lakhs posted in FY18. The Company’s Total Revenue for the second half year of FY19 stood at Rs. 20.78 Cr. compared to Rs. 18.28 Cr. reported in the first half year ended 30 th  September 2018. The net profit for this period (H2FY19) stood at Rs. 77.88 lakhs compared to Rs. 75. 19 lakhs posted in H1 of FY19. In the fiscal year 2019 Com...

Total Revenue up  30% to Rs 182.53Cr Share India Securities Ltd (SISL),  a leading knowledge and technology driven financial services group,  has reported  strong growth in financial performance for the fiscal year ended March 31, 2019. The  company’s consolidated revenue grew 30% to Rs 182.53 crores compared to Rs 140.48 crores posted in FY18.  The Company’s consolidated net profit for FY19 rose 27% to Rs 19.45 crores compared to Rs 15.35 crores posted in FY18. The Company’s standalone revenue for FY 2019 stood at Rs 174.39 crores compared to Rs 140.3 crores reported 31 March 2018. Net profit for this period stood at Rs 17.03 Crores compared to Rs 15.51 crores reported in the corresponding half year period ended 31 March 2018.  Commenting of the financial performance of the Company Mr Sachin Gupta, CEO, Share India Securities Ltd said,  “ Share India over the years has grown by following the best business practices, the asset liab...

Total revenue up 27.44% to Rs. 129.58 Cr. Recommends Final Dividend of Rs. 1.20 per equity share Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has reported a remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The revenue for the full year FY19rose by 27.44% to Rs. 129.58 Cr. compared to Rs. 101.68 Cr. reported in the corresponding last financial year of FY18.   The Net Profit for the full year ended March 31, 2019 grew 18.11% to Rs. 7.83 Cr. compared to Rs 6.63 Cr. posted in FY18. The Company’s Total Revenue for the second half year of FY19 grew by 19.18 % to Rs. 73.20 Cr. compared to Rs . 61.42 Cr. reported in the second half year of FY18. The net profit for this period (H2FY19) rose by 15.72 % to Rs. 5.20 Cr. compared to Rs. 4.49 Cr. posted in H2 of FY18. The Board of Directors of the Company at its meeting held on May 25, 2019 rec...

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has commissioned its in-house manufacturing facility of condenser coil and evaporator coil at Dantali, Gandhinagar, Gujarat. The Company in December 2017 raised Rs 24 crore through initial public offer to part finance setting up this plant, b ackward integration to improve production efficiencies and upgradation of existing facilities at its plants in Gujarat and Tamil Nadu. Mr Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Limited said “The condenser coils and the evaporator coils are an essential component of the condenser and evaporator respectively, which are integrated into the refrigeration equipment. The Company earlier had to procure condenser coil from the domestic market and majority of suppliers of evaporator coil from overseas. But now with the commissioning of this in-house manufacturing facility with a capacity o...

Mumbai, March 28, 2019:  Delhi based Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, today became 291 st company to get listed on BSE SME, India’s largest SME platform. The stock which listed at Rs 132 a share surged nearly 5% to Rs 138.55 during the intraday trade. The IPO comprising of 1, 63,000 Equity Shares successfully closed on 19 March 2019 and was oversubscribed 1.35 times. The Company raised Rs 2.15 crores through the IPO which will be utilized towards working capital requirements and general corporate purposes.  Mr. Nitesh Jain, Managing Director, Humming Bird Education Limited, said “ Getting a company listed is a significant milestone for an entrepreneurial journey. We at HBEL are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began our journey in 2010 and in less than a decade HBEL...

The IPO of Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, was successfully subscribed 1.35 times and closed today. The HNI and Retail portions subscribed 1.78 and 0.90 times respectively. The Issue which was opened from 15 to 19 March 2019 on the BSE SME platform comprised 1, 63,000 Equity Shares of face value of Rs.10.00 each at a cash price of Rs.132.00 per Equity Share, aggregating up-to Rs. 215.16 lakhs. Lead Manager to the issue Mr Abhinav Gupta, President, Share India Capital Service said” Humming Bird Education with its asset light business model has huge potential for growth. The Company will be the first and only listed entity rendering quality Olympiad exam services and providing scientifically designed study material & performance analysis reports to its students and clients in over 12 countries. We are really happy with the overall deman...

Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services such as scientifically designed study material, free mobile apps, performance analysis reports to large number of Schools & Students, will launch its initial public offer on the BSE SME platform on 15 March 2019. The Issue comprises 1, 63,000 Equity Shares of face value of Rs.10.00 each at a cash price of Rs.132.00 per Equity Share, aggregating up-to Rs. 215.16 lakhs. The proceeds from IPO will be utilized towards working capital requirements, general corporate and the issue expenses purposes. The Issue will close on 19 March 2019. Share India Capital Services Private Limited is the lead manger to the issue and Bigshare Services Private Limited is the registrar to the public offer. Mr. Nitesh Jain, Managing Director, Humming Bird Education Limited, said “HBEL has over 1000 schools, 2.5 lakh students and 21 franchise offices globally. “...