Day: 1 August 2016

The Goods and Services Tax (GST) bill is expected to be passed in the coming session of Parliament. Sectors like FMCG, auto, cement, light electrical, multiplexes, retail and logistics could be some of the key beneficiaries of India's biggest tax reforms. Even though the implementation of GST is some time away (April 1, 2017), stocks may start discounting the impact sooner than expected. Sectors such as logistics, auto, consumer staples, hospitals, appliances and manufacturing are likely to benefit most from GST.      CMP 52  Low CMP up from Low   52 High Distance from high Logistics             Gati 181 94 93%   206 14% TCI 371 207 79%   384 4% VRL Logistics 355 253 40%   478 35% AllCargo 212 135 57%   428 102% Gateway Distriparks 266 205 30%   378 42% Concor  1508 10...

Day 1 Subscription - On the first day of the issue, it is subscribed only 7% Dilip Buildcon has announced its IPO opening on 1st Aug.   The IPO comprises fresh issue of shares aggregating up to Rs. 430 crore and offer for sale of 11.36 lakh shares held by its promoters Dilip Suryavanshi and Devendra Jain, and private equity fund BanyanTree Growth Capital.  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. 214 – Rs. 219 fo r Dilip Buildcon IPO current Grey Market Premium is between Rs 30 – Rs 40 per equity share which converts to approx 18% Premium on the price of upper band. Note: This is just an estimate.   Issue Details IPO Open :  1st - 3rd Aug 2016 Issue Pric...