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Apr42017 by wealth18.comNo Comments

Escorp Asset Management – SME IPO – Details & Review, Subscription, Allotment, Price, Listing

Stocks

Day Subscription (no. of times) Day 1 0.06 Day 2 0.21 Day 3 1.05 Day 4 2.34 Escorp Asset Management Limited is engaged in providing portfolio management services and/or managing funds. The Company is engaged in business activities, such as investment advisory; corporate treasury advisory; institutional fund management and advisory; research services, and personal tax planning and advisory services. EAML is a asset management arm of the group that has also applied to SEBI for registration as Portfolio Manager that is under process. Issue Details of Escorp Asset Management SME IPO Issue Open : 31st March to 6th April 2017 Issue Price / Floor Price : Rs 15 per share Issue Size: Rs 3.24 crores (21,60,000 Equity Shares) Application per share : Rs 15 Minimum No...

Apr22017 by wealth18.comNo Comments

Current SME IPO 2017 – Details & Reviews

Stocks

Consolidated List of SME IPO Details & Reviews: Ongoing SME IPO - Read reviews SME IPOs Opening Date Last Date Price ASL Industries 31-Mar-2017 7th April 2017 35 Dev Information Technology 31-Mar-2017 6th April 2017 42 MK Proteins 31-Mar-2017 7th April 2017 70 Escorp Asset Management 31-Mar-2017 6th April 2017 15 Focus Lighting 30-Mar-2017 5th April 2017 45 Creative Peripherals 29-Mar-2017 3rd April 2017 21-75 Note that SME IPOs have higher risk as the companies are small.

Apr22017 by wealth18.comNo Comments

ASL Industries – SME IPO – Details & Review, Price, Listing

Stocks

ASL Industries Ltd. is a leading Engineering company for Sheet Metal - Press Shop, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblies, situated at Adityapur Industrial Area, Jamshedpur, India. Issue Details of ASL Industries SME IPO Issue Open : 31st March to 7th April 2017 Issue Price / Floor Price : Rs 35 per share Issue Size: Rs 9.80 crores (28,00,000 Equity Shares) Application per share : Rs 35 Minimum No of shares bid: 4000 shares / Rs 140,000 Maximum Retail investment - 4000 shares Book Running Lead Managers : Guiness Corporate Advisors Registrar – Karvy Computershare Listing: NSE SME Ongoing SME IPO - Read reviews SME IPOs Opening Date Last Date Price ASL Industries 31-Mar-2017 7th ...

Apr22017 by wealth18.comNo Comments

MK Proteins – SME IPO – Details & Review, Price, Listing

Stocks

M K Proteins Limited engages in manufacturing and trading of edible oils. The company offers refine rice bran, sunflower, cotton seed, soya bean, palm, canola, and rice bran bleached oils. Issue Details of MK Proteins SME IPO Issue Open : 31st March to 7th April 2017 Issue Price / Floor Price : Rs 70 per share Issue Size: Rs 10.234 crores (14,62,000 Equity Shares) Application per share : Rs 70 Minimum No of shares bid: 2000 shares / Rs 140,000 Maximum Retail investment - 2000 shares Book Running Lead Managers : Sarthi Capital Advisors Registrar – Bigshare Services Pvt Ltd Listing: NSE SME Ongoing SME IPO - Read reviews SME IPOs Opening Date Last Date Price ASL Industries 31-Mar-2017 7th April 2017 35 Dev Information Technology 31-Mar-2017 ...

Apr12017 by wealth18.comNo Comments

Income Tax Return ITR forms for FY 2016-2017 (AY 2017-2018)

Taxation

The Income Tax Department has released the ITR (Income Tax Return) Forms for Financial Year 2016-2017 (i.e. Assessment Year 2017-2018). These ITR forms will be applicable for income tax returns for income earned from 1st April 2016 to 31st March 2017 i.e. FY 2016-17 (AY 2017-18). The due date of submission of these ITR Forms will be 31st July 2017. The Government has made changes to the ITR forms and tried to make it simple. The number of ITR Forms have been reduced from the existing nine to seven forms. Some changes to IT Forms ITR 1 is now just ONE Page, Mandatory to quote Aadhaar number, mandatory to disclose bank deposits of more than Rs 2 lakh post demonetisation. ITR 2 and ITR 3 have a Schedule AL requiring assessees to declare their assets and liabilities at the end...

Mar182017 by wealth18.comNo Comments

D-Mart IPO (Avenue Supermarts IPO) Allotment Status – Details, Review

Stocks

The shares for D-Mart / Avenue Supermarts is allocated now. You can check the allotment status for D-Mart IPO (Avenue Supermarts IPO at the registrar link (Link Intime) below: https://www.linkintime.co.in/publicissues/default.aspx I applied for 100 shares and was allocated 50 shares. See screenshot. [xyz-ihs snippet="ad-full"] Avenue Supermarts has opened its IPO on 8th March 2017. It is the operator company of D-Mart supermarkets. The retail chain’s IPO is also significant on the back of its strong promoter entity, Radhakishan Damani. He is considered among the major names in the markets as a trader and value investor and this is considered to be his entry into the big league. Issue Details of Avenue Supermarts IPO (operator of D-Mart): IPO Open : 8th March to 10th Mar...

Mar162017 by wealth18.comNo Comments

Music Broadcast IPO (Radio City IPO) Allotment Status – MBL IPO Details & Review

Stocks

The Shares are expected to be listed on Friday. You can check the allotment status for Music Broadcast IPO (Radio City IPO) at the link below: https://kosmic.karvy.com:81/ipotrack/ [xyz-ihs snippet="ad1"] Update: 7th March (Day 2) - The IPO issue is over-subscribed 2.1 times retail investors was subscribed 3.6 times, high net-worth individuals’ category was subscribed 24%. institutional investor category saw a subscription of 1 times, Music Broadcast, the operator of FM channel Radio City has kicked off its Rs 500 crore IPO on Monday 6th March 2017. Issue Details IPO Open : 6th - 8th March Issue Price band: Rs 324 - 333 Issue Size: approx Rs 488 crore Market lot : 45 Max Shares for Retail - 585 at cutoff price Listing - Expecte...

Mar142017 by wealth18.comNo Comments

How to transfer balance from EPF to NPS – Should you transfer?

Featured, How to Series, PF

PFRDA has now notified the procedures (on 6th March 2017) through which EPF members can transfer their PF balance to NPS (New Pension System). In Budget 2016, one of the proposals was to provide one time portability or transfer option from EPF to NPS. In this post, we will focus on procedures to transfer balance from EPF to NPS, current hurdles and whether it makes sesnse to transfer? Requirements and Process for transferring EPF to NPS You need to have a NPS Tier 1 Account. You can open NPS account through employer, banks/entities registered as PoPs, or online through eNPS Portal. You need to submit the transfer form to your employer who will then initiate the balance transfer from EPF to NPS The employee should request the PF/Superannuation fund to issue a letter to his presen...

Mar142017 by wealth18.comNo Comments

New Unified EPF UAN Portal – access PF passbook, UAN, KYC etc

Featured, PF

EPFO launched new unified UAN portal for Employees and EPF employers in Dec 2016. In this post, we will see the features and benefits of New Unified EPF UAN Portal. New Unified EPF UAN Portal will provides features as follows: Download and Print your updated EPF Passbook anytime Download and Print your UAN Card Check and Update your KYC Status Change your Mobile Number and E-mail ID You can login to the new unified UAN portal on https://unifiedportal-mem.epfindia.gov.in/memberinterface/ using UAN number and password. Sometimes, you might get error as the website is sometime encounter technical issues - because of heavy load on website. If your password is not working, you can choose "Forgot Password" Option. If your mobile number has changed, my other post will be helpful - H...

Mar12017 by wealth18.comNo Comments

[How to] Invest in Mutual funds in India – online / offline options

How to Series, Mutual Funds

Mutual funds are one of the best options for Retail investors to invest their money in different asset classes. It gives benefit of professional management of your money, offers liquidity, allow diversification and tax benefits. A. Quick overview of process to Invest in Mutual funds 1) Submit KYC Form – KYC is must for the first time investors and need to be done ONLY ONCE and valid for all Mutual fund houses. You need to submit KYC form along with the Proof of ID & Address. You can submit it to your nearest distributor, MF branches, authorised banks, CAMS / Karvy offices etc You can download the KYC application form here. Read - New Central KYC process must for new Mutual Fund Investors (Feb 2017). 2) Select a Mutual Fund & Scheme – Depending on your ti...