July, 2016 - Wealth18.com

Jul312016 by wealth18.comNo Comments

S P Apparels IPO – Review, Details, opening date, price, listing date, subscription

Stocks

S P Apparels IPO is opening for subscription from Aug 2 to Aug 4 at a price band of Rs 258-268 per share. Grey Market Premium: IPO Grey Market Premium (GMP) helps in deciding the premium of the IPO Shares on listing day. It is just an estimate. With the Price Band of Rs. 258 - 268 for S P Apparels IPO, current Grey Market Premium is between Rs 10-11 per equity share which converts to approx 4% Premium on the price of upper band. Note: This is just an estimate. Issue Details IPO Open : 2nd Aug to 4th Aug 2016 Issue Price band: Rs 258 - Rs 268 per share Issue Size: Rs 215 crore Market lot : 55 Minimum Investment : Rs 14740 at upper price band Lead Managers : Motilal Oswal, Centrum Background: S P Apparels, a manufacturer and exporter of knitted garments based in Tirupur. ...

Jul312016 by wealth18.comNo Comments

FREE CIBIL report – once in a year

News

CIBIL will be providing a FREE credit score report once a year from Dec 2016. The Credit Information Bureau of India (CIBIL) will by December put in place an online system for individuals to download their data. Citizens will be able to get a free copy once a year of their individual credit history , based on which banks decide whether to provide a loan or not. At present, borrowers have to pay Rs 550 to obtain a CIBIL report. However, the free report will not include the Credit Score but will enable individuals to get an idea of their credit history submitted by banks. They will also be able to raise a dispute if the lender has submitted incorrect information to the bureau. If you want to check the CIBIL report and score, please check the step-by-step guide.

Jul302016 by wealth18.comNo Comments

Last date for filing returns for FY 2015-2016 (AY 2016-2017) extended to Aug 5

Taxation

The last date for filing income-tax returns has been extended to August 5. Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5. For Jammu and Kashmir, the deadline will be August 31 in view of the ongoing turmoil in the state. Later, the Finance Ministry in a statement said, "As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers throughout India who are liable to file their Income-tax by July 31, 2016." This extension, it said, is given in order to avoid any inconvenience to...

Jul232016 by wealth18.comNo Comments

Advanced Enzyme Technologies IPO (AETL IPO)– Review, Oversubscribe, Grey Market premium, Allotment Status & Date, Listing Date & Price

Stocks

Update : On day 3 (last day), AETL IPO Oversubscribed 115 times. Financial institutions - oversubsrcibe 94 times HNI - subsrcibe 393 times Retail- oversubsrcibe 10.48 times As the retail portion is oversubscribed, the allocation will be by draw. Not every applicant will get the allotment. Update : On day 2, AETL IPO Oversubscribed approx 5 times. Financial institutions - oversubsrcibe 5.9 times HNI - subsrcibe 0.89 times Retail- oversubsrcibe 4.89 times Advanced Enzyme Technologies IPO in opening from 20th - 22nd July. The company is the largest domestic enzyme company, engaged in research, development, manufacture and marketing of over 400 proprietary products developed from 60 indigenous enzymes. It ranks among the top 15 global companies in terms of enzyme sales and...

Jul202016 by wealth18.comNo Comments

Income Tax Return ITR forms for FY 2015-2016 (AY 2016-2017)

News, Taxation

CBDT has issued the Income tax return (ITR) forms for the financial year 2015-2016 (AY 2016-2017). Normally the last date of filing returns in 31st July. ITR No Eligibility Forms ITR 1 For Individuals having Income from Salaries, One house property, Other sources (Interest etc.) itr12016 ITR 2 For Individuals and HUFs not having Income from Business or Profession itr22016 ITR 2A For Individuals and HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets itr2a2016 ITR 3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship itr32016 ITR 4 For individuals and HUFs having income from a proprietary business or profession itr42016 ITR 4A Presumptive business i...

Jul202016 by wealth18.comNo Comments

Income Tax Rates / Tax Slab for 2015-2016 and 2016-2017

Taxation

In Budget 2016, there is no change in the tax slab for FY 2016-2017 . The tax rates are same as FY 2015-2016. Income Tax Slab / Rates applicable in India for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) Applicable for FY 2015-2016 (AY 2016-2017) & FY 2016-2017 (AY 2017-2018) For Individuals below 60 years age (including Woman Assessees) upto Rs 2.50 Lakh NIL Rs 2.50 lakh - Rs 5 Lakh 10% on amount exceeding Rs 2.50 lakh Rs 5 lakh - 10 Lakh Rs 25000 + 20% of amount exceeding Rs 5 Lakh above Rs 10 akh Rs 125000 + 30% of amount exceeding Rs 10 lakh For Individuals aged 60 years and above but below 80 years (Senior Citizen) upto Rs 3 Lakh NIL Rs 3 lakh - Rs 5 Lakh 10% on a...

Jul192016 by wealth18.comNo Comments

L&T Infotech IPO – Oversubscribe Details, Grey Market premium, Allotment Status & Date, Listing Date & Price, Unblocking of funds, Credit of shares, Review

Stocks

Check Allotment Status for L&T Infotech IPO You can check the allotment status for L&T Infotech IPO at the registrar website (LinkIntime) below. As per the site, the allotment can be checked after 9 pm on 19th July . https://www.linkintime.co.in/PublicIssues/ Update 13th July - Day 3 - L&T IPO is oversubscribed 11.67 times on its last day. QIB - 19.90 times oversubscribed HNI - 10.75 times oversubscribed Retail: 7.3 times oversubscribed L&T Infotech has attracted 10.58 lakh applications, the largest number of applications in IPOs since 2011. Grey Market Premium (GMP) for L&T Infotech is going @ Rs 75-77 (estimated). Expected Listing Price is Rs 770 - 800 Update 11th July - Day 1 - L&T IPO is oversubscribed 1.23 times on Monday. Larsen & Toubro Info...

Jul82016 by wealth18.comNo Comments

Quess Corp IPO – Allotment Status and Date, Listing Date, Price, Unblocking of funds, Credit of shares

Stocks

Allotment Status & Date : Quess Corp IPO allotment is done now today 8th July & listing is expected on 9th July 2016. Allotment for Quess Corp IPO can be checked on its Registrar's website Link InTime - https://eipo.linkintime.co.in/PublicIssues/default.aspx https://eipo.linkintime.co.in/ipo/ As the retail portion is oversubscribed 32 times, they will get very limited shares. I have checked with two of my friends. they applied for minimum lot and have not got any allotment. So don't be very hopeful of getting allotment. Also Read: L&T Infotech IPO opening on July 11. See Details & Review. 01-July-2016 (Day 3) - Quess Corp IPO Oversubscribed 147 times on Day 3 closing date. Qualified institutional buyers (QIBs) is oversubscribed 2.8 times and Retail investor...

Jul62016 by wealth18.comNo Comments

10% Edelweiss Housing Finance NCD Issue July 2016 – Details & Review

Bonds

Edelweiss Housing Finance Limited (EHFL) is opening its first public issue of NCDs on 8th July 2016 & it closes on 27th July 2016. This NCD issue is offering yield upto 10% and have 7 different investment options. In this post, I am trying to put details around how good Edelweiss Housing Finance NCD is ? What are the postive and negative factors of Edelweiss Housing Finance NCD? Who should invest in Edelweiss Housing Finance NCD? Key Features of Edelweiss Housing Finance NCD NCD Issue Open: 8th July 2016 NCD Issue Closing date: 22nd July 2016 Type of Instrument: Secured redeemable non-convertible debentures (NCD) Size of Issue: Rs. 250 crores with a green-shoe option of another Rs 250 crores Minimum & Maximum Investment: minimum 10 NCD of Rs 1000 each = Rs 100...