IPO Update: Stocks in Focus on 1st week of April, Hariom Pipe IPO, Bajaj Finance, Hindustan Zinc, Zomato, IndiGo, and many more

At 60,611.74, the S&P BSE Sensex gained 1,335.05 points, or 2.25 percent. At 18,053.40, the Nifty 50 index rose 382.95 points, or 2.17 percent. In the last two sessions, both indices have gained around 3.5 percent. However, once the market had closed, several equities made the news. The following is a list of such stocks:

Hariom Pipe Industries IPO: On April 4, 2022, the fourth day of bidding, the Rs 130.05-crore initial public offering (IPO) of Hariom Pipe Industries closed with 3.44 times subscription. The amount reserved for qualified institutional buyers (QIBs) was 0.83 times subscribed, while the portion reserved for non-institutional investors (NIIs) was 1.93 times subscribed. The component for retail individual investors (RIIs) was oversubscribed by 7.18 times. Today is the last day to submit your response. The pricing range for the 85 lakh shares is Rs 144-153 per share. Investors can bid for as few as 98 shares and as many as 98 shares after that.

Bajaj Finance: In its business update for the quarter ended March 31, 2022, the company stated that new loans booked during the reporting quarter totaled 6.3 million, up 14.6% from 5.5 million in Q4 FY21. In FY22, 24.7 million new loans were booked, up 46.2 percent from 16.9 million in FY21. As of March 31, 2022, assets under management (AUM) were roughly Rs 1,97,500 crore, up from Rs 1,52,947 crore as of March 31, 2021. As of March 31, 2022, core AUM (net of short-term IPO funding receivable of roughly Rs 5,400 crore) was Rs 1,92,100 crore, a YoY increase of 26%. In the fourth quarter of FY22, core AUM increased by almost Rs 10,900 crore.

Federal Bank Ltd. announced in a business update that its CASA deposits were Rs 67,132 crore as of March 31, 2022, up from Rs 58,370 crore as of March 31, 2021, a 15.0 percent YoY increase. The CASA ratio increased to 36.94 percent in FY22 from 33.81 percent the previous year (FY21). Total deposits at the bank are Rs 1,81,712 crores, up 5.3 percent from Rs 1,72,644 crores as of March 31, 2021. As of March 31,2021, the Bank’s gross advances had increased by 9.5 percent to Rs 1,47,644 crore from Rs 1,34,877 crore.

IndusInd Bank Ltd’s net advances increased by 13% year on year to Rs 2,39,307 crore on March 31, 2022, compared to Rs 2,12,595 crore on March 31, 2021. Total deposits increased by 15% year on year to Rs 2,93,685 crore as on March 31, 2022, compared to Rs 2,56,205 crore the previous year. In Q4FY22, the bank’s CASA ratio climbed to 42.8 percent YoY, up from 41.8 percent in Q4FY21.

AU Small Finance Bank: The private lender announced its results for the quarter ended March 31, 2022, stating that total deposits reached Rs 52,582 crore, up 46 percent year on year and 19 percent quarter on quarter. In Q4FY22, the bank’s CASA ratio increased to 37 percent, up from 23 percent in Q4FY21 and 39 percent in Q3FY22. Loan AUM was Rs 47,843 crore, up 27% year on year from Rs 37,712 crore and up 14% quarter on quarter from Rs 42,023 crore in Q3FY22. Gross advances totaled Rs 46,801 crore, up 32% year on year from Rs 35,356 crore and up 15% quarter on quarter from Rs 40,719 crore in Q3FY22. In March 2022, it increased its collecting efficiency to 112 percent MoM, up from 107 percent in February 2022. Collection efficiency is calculated with all money received during the month from borrowers (excluding foreclosure) as % of current billing for the month.

Hindustan Zinc Ltd. has released its production figures for the fourth quarter of 2022, which concluded on March 31, 2022. (Q4FY22). According to the business, mined metal production increased by 3% year over year to 2,95,000 tonnes in Q4FY22, up from 2,88,000 tonnes in Q4FY21. In Q4FY22, integrated saleable metal output was 2,60,000 tonnes, up 2% year on year from 2,56,000 tonnes. In the reporting quarter, silver integrated production was 162 tonnes, down 20% year on year from 203 tonnes.

Vedanta Limited: In its fourth-quarter production release for the period ending March 31, 2022, the firm stated that cast metal aluminum production at its smelters climbed by 8% year over year to 5,72,000 tonnes.

MOIL: In FY22, MOIL achieves its highest-ever high-grade production and sales of manganese ore. According to the company’s updated announcement, the company’s overall turnover in FY 2021-22 (provisional) was Rs 1,436 crore, up 22 percent from the previous year’s turnover of Rs 1,177 crore. MOIL produced 12.31 lakh MT in FY2021-22, up from 11.43 lakh MT the previous year, representing an increase of 8%. Total sales of 12.12 lakh MT are nearly identical to the previous year’s total of 12.18 lakh MT.

Zomato: India’s Competition Commission has launched an investigation into the behavior of food aggregators Zomato and Swiggy, which have been accused of delaying payments, imposing one-sided terms, and charging high commissions. These companies are also said to be exploiting the restaurant’s client information. The National Restaurants Association of India (NRAI), which represents over 50,000 restaurant operators across the country, has lodged complaints against these online meal delivery companies, prompting an investigation. The director-general of the fair trade agency has been tasked with conducting a thorough investigation into the allegations and submitting a report within 60 days.

Interglobe Aviation: The Nagpur-Lucknow flight was forced to make an emergency landing on the origin after take-off due to a technical problem. The DGCA has launched an investigation into a business flight’s emergency landing at Nagpur airport. The aircraft was seen emitting smoke. In addition, IndiGo announced on April 4, 2022 that former IAS officer RK Singh has been appointed as the budget carrier’s principal adviser to the managing director with immediate effect. RK Singh will join IndiGo’s leadership team as a major adviser. RK Singh previously worked as a joint secretary in the Ministry of Civil Aviation.

IDFC / Bandhan Bank: Deals to sell IDFC’s mutual fund division are allegedly nearing completion, with Bandhan Bank emerging as the leader among interested parties. The total deal value is Rs 4,500 crore.

Reliance Capital: Under insolvency resolution, the company has received 55 Expressions of Interest (EOIs) from interested parties. Adani Finserve, Bandhan Financial Holdings, Brookfield, and Capri Global are among the potential resolution applicants.