Thursday 10 May 2018

Public issues likely to hit the Indian equity market in future




v  Subsidiary of 20 Microns Nano Minerals Ltd has filed draft red herring prospectus for its proposed initial public offering, to be listed on National Stock Exchange's small and medium enterprises platform EMERGE



v  Energy Efficiency Services Ltd is likely to launch its initial public offering in the second half of 2018-19 (Apr-Mar)   



v  AirAsia (India) Ltd plans to float an initial public offering and will seek shareholders' approval to appoint a banker to start the process, Chief Executive Officer Tony Fernandes said.



v  The government aims to raise 40 bln rupees through initial public offering in aerospace and defence company Hindustan Aeronautics Ltd in the current financial year ending March.



v  IRCON International Ltd is expected to file draft red herring prospectus for its initial public offering in January.



v  National Insurance Co has received the Insurance Regulatory and Development Authority of India's in-principle approval for an initial public offering.



v  Housing Development Finance Corp will offer part of its stake in subsidiary HDFC Asset Management Co Ltd through an offer for sale.



v  Srei Infrastructure Finance Ltd will sell 4.39 mln shares of Srei Equipment Finance Ltd in its proposed initial public offering.



v  Energy Efficiency Services plans to go for an initial public offering by July.



v  Embassy Office Parks, a joint venture between Blackstone Group and Embassy Property Developments, plans to file a draft red herring prospectus for listing its real estate investment trust by the end of December.



v  The Cabinet Committee on Economic Affairs has approved the issue of 139 mln shares of Indian Renewable Energy Development Agency through an initial public offering.



v  Aditya Birla Financial Services is likely to be listed on the bourses in August.



v  The draft red herring prospectus for the government's stake sale in Indian Railway Finance Corp through an initial public offering will be filed in the next two months.



v  Crystal Crop Protection plans to launch an initial public offer early 2018 to raise funds for expansion.



v  John Distilleries, the maker of Paul John Single Malt, is planning an initial public offering to raise 5 bln rupees.



v  JSW Infrastructure will come out with an initial public offering once its port business reaches a utilisation capacity of 100 mln tn , which is likely to happen in 2019.



v  Escorp Asset Management, a subsidiary of Aryaman Financial Services, is set to launch an initial public offering.



v  SBI Life Insurance looks to launch its initial public offering soon.



v  UTI Asset Management Co has obtained the finance ministry's in-principle approval to launch an initial public offer.



v  The Tata Group has revived plans to list Tata Technologies, an arm of Tata Motors, on the local bourses and raise 14 bln rupees.



v  Tata Group plans to launch a $300 mln initial public offering of Tata Sky.



v  Port operating firm DP World plans to sell shares through an initial public offering and list its new Indian holding company Hindustan Ports Pvt Ltd.



v  Helicopter operator Pawan Hans is reviewing prospects of an initial public offer.



v  GVK Power & Infrastructure plans to list GVK Airport Developers to raise funds, and is at the final stage of filing the draft prospectus with the regulator.



v  Raheja Developers plans to launch an initial public offering.



v  Online fashion retailer Jabong is gearing for a public listing.



v  Catholic Syrian Bank gearing up ahead of its maiden public offering.



v  Snacks maker Balaji Wafers preparing for an initial public offering.



v  Supriya Lifescience plans 2-bln-rupee IPO



v  Aditya Birla Retail's public issue.



v  Amrapali Group may dilute 20% stake to raise 30 bln rupees.



v  Delhi-based real estate company Eldeco's issue to raise 3 bln rupees.



v  Joyalukkas is considering a 6.0-6.5-bln-rupee IPO to fund its retail expansion plans.



v  Spandana Microfinance to raise 15 bln rupees via IPO.



v  Mattress manufacturer Kurl-on's issue to fund expansion in furniture retailing and home furnishing segments.



v  Ratnagiri Gas and Power Private's IPO to raise 10 bln rupees.



v  Reliance Life Insurance's 30-bln-rupee issue.



v  SPS Steel and Power's issue to raise 5-6 bln rupees for expansion.



v  Sri Biotech Laboratories' 1-bln-rupee issue to fund expansion.



v  ICICI Venture Funds Management, private equity arm of ICICI Bank, is planning a public offer.



v  Allied Blenders and Distillers' issue.



v  Nagarjuna Oil Corp, a subsidiary of Nagarjuna Fertilizers and Chemicals.



v  Bhoruka Power Corp.



v  Chennai-based ReGen Powertech plans to raise 4-5 bln rupees.

Wednesday 29 November 2017

IS BITCOIN A MIRAGE ?






Tulipmania was the first major financial bubble. Investors began to madly purchase tulips, pushing their prices to unprecedented highs; the average price of a single flower exceeded the annual income of a skilled worker. 

Tulips sold for over 4000 florins, the currency of the Netherlands at the time. As prices drastically collapsed over the course of a week, many tulip holders instantly went bankrupt.

Tulip Mania reflects the general cycle of a bubble: investors lose track of rational expectations, psychological biases lead to a massive upswing in the price of an asset or sector, a positive-feedback cycle continues to inflate prices, investors realize that they are merely holding a tulip that they sold their houses for, prices collapse due to a massive sell off and many go bankrupt.



From Dec 1 - 1634 to 5 Feb 1637, an index of Dutch tulip prices (see chart above) soared from approximately one guilder per bulb to a lofty sixty guilders per bulb. 

Here are Some other Bubbles which Took Place in history 



Cryptocurrencies and especailly Bitcoin are the talk of the town of late



The South Sea Company was a British joint-stock company founded in 1711, created as a public-private partnership to consolidate and reduce the cost of national debt. The company was also granted a monopoly to trade with South America.At the time it was created, Britain was involved in the War of the Spanish Succession and Spain controlled South America. There was no realistic prospect that trade would take place and the company never realised any significant profit from its monopoly. Company stock rose greatly in value as it expanded its operations dealing in government debt, peaking in 1720 before collapsing to little above its original flotation price; the economic bubble became known as the South Sea Bubble.

Let us understand Bitcoin 

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets.

Bitcoin, created in 2009, was the first decentralized cryptocurrency.Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems.The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

One Bitcoin is a single unit of the Bitcoin (BTC) digital currency, just like a Dollar it has no value by itself, it has value only because we agree to trade goods and services in exchange for a higher amount of the currency under our control and we believe others will do the same.
To keep track of the amount of Bitcoins each of us owns the blockchain uses a ledger, a digital file that keeps track of all Bitcoin transactions.

Blockchain system has been designed to use nodes agreement to order transactions and prevent the fraud .The Bitcoin network orders transaction by putting them together into groups called blocks, each block contains a definite amount of transactions and a link to the previous block.



For Eg :- If Sunil wants to send Bitcoins to Ramesh he broadcasts a message to the network that says the amount of Bitcoins in his account should go down by 5 BTC, and the amount of Ramesh account should go up by the same quantity. Each node in the network will receive the message and apply the requested transaction to their copy of the ledger, thus updating the account balances.

The fact that the ledger is maintained by a group of connected computers rather than by a centralized entity like a bank has several implications

While in our bank system we only know our own transactions and account balances, on the blockchain everyone can see everyone’s else transactions.While you can generally trust your bank, the Bitcoin network is distributed and if something goes wrong there is no help desk to call or anyone to sue.The blockchain system is designed in such a way that no trust is needed, security and reliability are obtained via special mathematical functions and code.


Bitcoin has volatility mainly due to the fact that there is a limited amount of coins and the demand for them increases by each passing day.one must not forget that Bitcoin, as it currently exists, will never be able to support anywhere near the world’s total transaction volume.

Every high-grade Bitcoin network client stores the entire transaction history, and this record has already become as large as 100GB.That’s the full capacity of a cheap laptop’s or the most advanced smartphone’s storage. The more transactions processed on the Bitcoin network, the faster the size grows. And the greatest bulk of it has appeared over the past couple of years.



The pie chart above shows approximately 20 of the largest mining pools, but the top 4 control more than 50% of all computing power.

To make it simple let’s see It country wise





You can also refer the below Link to View Volume participation county wise https://coin.dance/volume/localbitcoins



People are currently accepting Bitcoin against payment because of its Rising Value however when prices dive Southwards it would be interesting to see how risk Unfolds with its Diminishing Value.