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( Comment )
Latest News on Reliance Capital Resolution Plan ( 24 July 2024 )
The approval of the resolution plan submitted by IndusInd International Holdings Ltd. (“IIHL” or the “Successful Resolution Applicant”) in the corporate insolvency resolution process of Reliance Capital Limited (“RCL”) by the Hon’ble National Company Law Tribunal, Mumbai bench ("NCLT”) vide its order dated February 27, 2024 (“Approved Resolution Plan”).
Please note Reliance Capital Holds 98.67% in Reliance General Insurance. After this resolution, the IIHL will become holding company of Reliance General Insurance.
( Comment )
Hi,
By when IPO is expected of NSE?
( Comment )
Dear Shareholders,
We hope this message finds you well. Here's a brief update on our trading approval progress with BSE:
Listing Approval: Obtained from BSE in April 2024. Listing Approval 1 and Listing Approval 2.
Shares Credit Status: Filed necessary documents with CDSL/NSDL for share crediting, including capital reduction and merger actions. Delays experienced.
Next Steps: Awaiting confirmation from CDSL/NSDL. Will submit documents to BSE for trading permission immediately after.
We are committed to keeping you updated on our progress.
Best regards, ACS Tech
( Comment )
RNIT AI-Powered Facial Recognition: A Game Changer for GHMC 🤖
The Greater Hyderabad Municipal Corporation (GHMC) is making waves with its innovative use of Facial Recognition Systems (FRS)! This technology has brought about some impressive results:
📈 Savings:
Annual expenditure on the RNIT FRS system has dropped from ₹1.93 crore to ₹67 lakh! 💸
Overall wage expenditure has decreased from ₹33.5 crore to ₹31 crore, thanks to the elimination of fake attendance! 💰
👨💼 Improved Efficiency:
RNIT FRS has made tracking the actual number of workers on the field easier, leading to more efficient staff deployment. 🗺️
Accurate attendance records allow for better resource allocation and planning. 📊
🤝 Transparency & Accountability:
RNIT FRS has eliminated the loopholes in the previous attendance system, ensuring transparency and accountability. 🔐
The system has helped to identify and weed out fraudulent practices, promoting a fair and honest work environment. 🤝
#GHMC #FRS #Innovation #SmartCity #Telangana #Hyderabad
( Comment )
Expected Valuation of Spray Engineerring
The Estimated revenue of FY24 is INR 600 Cr+ and PAT of INR 50+ Cr.
Total Share Outstanding after recent Pre-IPO round = ~2.5 Cr
Current Market Price in Unlisted = INR 550 per share
Mcap = 550*2.5 = ~INR 1400 Cr
P/E = 27x ( based on FY24 expected PAT of 50 Cr )
( Comment )
Spray Engineering Devices Ltd - Pre-IPO Round
- Innovative Ventures : Pioneering the establishment of the first boiler-less ethanol plant in India, showcasing commitment to cutting-edge technologies and sustainable practices.
- Business Verticals : Distinguished player in providing energy efficient solutions to Sugar, Bio-Refinery, Distillery, Jaggery, Biofuel, Water, and Bio-Based Green Chemicals sectors.
- Global Presence : Executed 80+ international sugar projects in 40+ countries, demonstrating global competence.
- Domestic Footprint : Completed *450+* sugar projects domestically which includes (Dalmia, Bajaj, Triveni, Birla, DCM Shriram etc) and *200+* water projects for diverse industries including Tata Chemicals, CIPLA, Dr. Reddy's, Hero Cycles etc.
- Financial Strength : Revenue CAGR of 51.55% (*216cr/400cr/613cr*) & CAGR of *92.11%* (15 cr/33cr/63cr) in Profit after Tax(PAT) from past 3 years for FY22, Fy23 and FY24.
- Intellectual Property : Boasts 42+ innovation patents, *56+* design patents, *15* trademarks, and 16+ copyrights, showcasing innovation and brand strength.
( Comment )
Valuation of Matrix Gas Pre-IPO Shares
As on 15.02.2024
No. of Shares = ~1.98 CR
After that in the Private Placement Matrix Gas has issued ~60 Lakh shares at INR 400 per share.
Total Share Outstanding ~2.58Cr.
At Unlisted Pre-IPO Price of INR 900 per share, the Mcap is INR 2300 Cr.
Fy23 Numbers-
Revenue = 490 Cr
PAT = 32 Cr
P/E = 72x. Looks very high..
