By UDAYKUMAR K V : In 2022, PTC Industries, a relatively unknown company, offered three rights shares for every two shares held. The offer at par was as good as a fabulous bonus for its shareholders and a great fortune for those who bought its offers in 1994 through the now-defunct OTCEI. Today, the share price is more than ₹14,000. The company set up by a great visionary, Satish Chandra Agarwal in the early 1960s speaks an inspiring success story – a success through early and unbeatable business positioning in the segments which he foresaw would thrive on the inevitable change of times in the global and domestic economic landscape. Originally known as Precision Tools and Castings, founded in 1963 by Satish Chandra Agarwal, PTC Industries has an admirable business track record,...
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ARJAVA MEDIA: It is a heavily overpriced IPO with a PE ratio of 64 times as against the peer group average of 55.80 times. Then what is there for investors to earn after the listing? The picture is clear, investors will make nothing while the seller will take home 46 times more profit from its investment. Subscribing to the issue is like betting money on one’s luck. Carraro International S.E, the promoters of Carraro India, is selling its stake in Carraro India at a price band of Rs 668-704 per share to raise an aggregate of Rs 1250 crore. Not a small sum! To raise this much money, Carraro International will have to sell about 17.70 million shares at Rs 704 per share. That constitutes roughly one-third of the company’s equity base of Rs 56.80 crore. Let us not laugh. Carraro...
Read MoreARJAVA MEDIA Retailers will now have the luxury of cutting-edge trading models equipped with systems for faster and safer trading at lower costs. Earlier only institutions had this facility. Software experts and tech-savvy brains can develop an algorithmic trading platform with the approval of exchanges for self and family members. Securities and Exchange Board of India (SEBI) introduced Algorithmic Trading, known as algo trading through the Direct Market Access (DMA) Facility in 2008. It provided significant advantages like faster order execution, reduced transaction costs, greater transparency, better audit trails and improved liquidity. However, access to these facilities has been limited to institutional investors. As a regulator, SEBI started regulating this domain in 2012...
Read MoreARJAVA MEDIA Securities and Exchange Board of India (SEBI) introduced Algorithmic Trading, known as algo trading through the Direct Market Access (DMA) Facility in 2008. It provided significant advantages like faster order execution, reduced transaction costs, greater transparency, better audit trails and improved liquidity. However, access to these facilities has been limited to institutional investors. As a regulator, SEBI started regulating this domain in 2012 to ensure better surveillance, risk management, and investor protection. Over the years the demand for allowing this facility to retailers also emerged. That compelled SEBI to review and refine the regulatory framework so that retail investors can participate in algo trading with proper checks and balances. Accordingly,...
Read MoreARJAVA MEDIA The Investor Education and Protection Fund Authority (IEPFA) works under the Ministry of Corporate Affairs. It has signed a transformative Memorandum of Understanding (MOU) with the Association of Chartered Certified Accountants (ACCA) to advance financial literacy, investor education, and investor protection. The MOU marks a significant milestone in the shared commitment to enhance financial education across the nation, both in urban and rural sectors, ensuring a secure financial future for the coming generations. Mrs Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs, and Helen Brand OBE, Chief Executive of ACCA, officiated the signing, a major step in the organisations' efforts to increase financial literacy among Indian schoo...
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