#Signify Innovations Pre IPO

[johnthejacobs]

Delving into the Surge of Signify Innovations Share Price

Introduction Signify Innovations, formerly known as Philips Lighting India, has experienced a notable surge in Signify Innovations Share Price. This increase is attributed to several factors, including the company's robust performance, strategic initiatives, and favorable market conditions. This article explores the reasons behind this surge and the potential future trajectory of Signify Innovations Share Price. Signify Innovations, previously known as "Philips Lighting India," specializes in manufacturing electric lights and light fixtures for consumers, professionals, and the Internet of Things. A subsidiary of a Dutch multinational company, Signify Innovations was established in 2016 following the spin-off of Philips' lighting division.

Signify Innovations India provides an extensive array of lighting products, systems, and services tailored for homes, businesses, and public spaces. Their product lineup includes LED bulbs, tubes, fixtures, and luminaires, along with intelligent lighting systems and electrical products. The company also delivers comprehensive services, including lighting design, installation, and maintenance.

As a leader in the advancement of connected lighting systems and services, Signify Innovations leverages the Internet of Things to transform buildings, urban areas, and homes. Their focus on increasing energy efficiency and managing environments in an eco-friendly manner is a key part of their strategy.

The company operates a manufacturing plant in Vadodara, Gujarat, and has been instrumental in lighting projects for several landmark buildings, such as the Arch Bridge in Bhopal, Kusum Sarovar Complex in Agra, and Arun Jaitley Cricket Stadium in New Delhi.

Company Background Transformation and Focus Signify Innovations has a long-standing reputation in the lighting industry, initially established as Philips Lighting India. The company specializes in manufacturing electric lights and light fixtures, catering to consumers, professionals, and the burgeoning Internet of Things (IoT) market. With a focus on innovation and sustainability, Signify Innovations continues to lead the industry in developing cutting-edge lighting solutions.

Headquarters and Operations Headquartered in New Delhi, India, Signify Innovations operates on a global scale, providing high-quality lighting products and solutions that enhance the overall lighting experience. The company’s commitment to excellence and innovation has solidified its position as a leader in the lighting sector.

Factors Driving the Share Price Surge Strong Financial Performance One of the primary drivers of the recent surge in Signify Innovations' share price is its strong financial performance. The company has consistently reported impressive revenue growth, driven by increased demand for its innovative lighting solutions. Robust earnings and profitability have instilled confidence among investors, contributing to the upward trend in its share price.

Strategic Initiatives Signify Innovations has implemented several strategic initiatives that have positively impacted its share price. The company’s focus on expanding its product portfolio, enhancing research and development capabilities, and exploring new market opportunities has positioned it for sustained growth. Additionally, strategic partnerships and acquisitions have further strengthened its market presence and competitive edge.

Market Conditions Favorable market conditions have also played a significant role in the surge of Signify Innovations' share price. The increasing adoption of smart lighting solutions and IoT-based technologies has created a growing demand for the company’s products. Additionally, the global shift towards energy-efficient and sustainable lighting solutions has further boosted Signify Innovations' market prospects.

Future Outlook Continued Innovation Looking ahead, Signify Innovations is well-positioned to maintain its growth trajectory. The company’s commitment to continuous innovation and development of cutting-edge lighting solutions will remain a key driver of its success. By leveraging emerging technologies and addressing evolving customer needs, Signify Innovations is poised to capture new market opportunities and expand its customer base.

Expansion Plans The company’s expansion plans also bode well for its future growth. Signify Innovations aims to strengthen its presence in existing markets while exploring new geographical regions. By strategically expanding its operations and distribution network, the company can tap into untapped markets and drive further revenue growth.

Sustainability Focus As sustainability becomes an increasingly important factor for consumers and businesses alike, Signify Innovations' focus on energy-efficient and environmentally friendly lighting solutions will continue to be a significant advantage. The company’s commitment to sustainability aligns with global trends and positions it as a preferred choice for eco-conscious customers.

Conclusion The surge in Signify Innovations' share price reflects the company’s strong financial performance, strategic initiatives, and favorable market conditions. With its focus on innovation, expansion, and sustainability, Signify Innovations is well-positioned for continued growth and success in the lighting industry. Investors and stakeholders can look forward to a bright future as the company continues to navigate the evolving market landscape.

[theomeganerd]

Video Game News Stories for February 26th, 2024

Legal Battles Rock the Industry:

Call of Duty Lawsuit Challenges Esports Dominance: A group of gamers sent shockwaves through the esports community by filing a lawsuit against Activision Blizzard, Inc., accusing the company of monopolizing control over Call of Duty esports leagues and tournaments. This legal action could have far-reaching consequences, potentially forcing Activision to adjust its esports strategy and pave the way for a more competitive environment.

Platform Shifts and Strategic Moves:

Microsoft Embraces Multiplatform Strategy: In a surprising turn of events, Microsoft Corporation announced plans to release four upcoming Xbox titles on external platforms, including PC and potentially even rival consoles like Sony's PlayStation. This move signifies a significant departure from the company's longstanding strategy of platform exclusivity, a cornerstone of the "console wars." The new approach could lead to wider accessibility for Xbox games, potentially attracting new demographics and impacting development strategies across platforms in the face of increased competition.

Sony Adjusts PS5 Sales Target, Prepares for IPO: Sony Interactive Entertainment Inc. adjusted its PlayStation 5 sales target downwards, citing ongoing supply chain disruptions and economic uncertainties. This news comes alongside reports that the company is planning an initial public offering (IPO) for its financial unit in 2025. The revised sales target suggests potential adjustments to Sony's production and distribution strategies in the coming months, while the planned IPO could be a strategic move to raise capital for future endeavors.

Beyond the Headlines:

Nintendo Switch 2 Rumors Gain Momentum: Speculation surrounding the potential launch of a successor to the hugely successful Nintendo Switch console later this year continues to gather steam. Fans eagerly await official announcements from Nintendo regarding the next iteration of the popular platform, with potential implications for the continued success of the Switch franchise and the broader handheld gaming market.

Elden Ring Mobile Version: Speculation Ignites Fan Interest: Rumors of a mobile version of the critically acclaimed game Elden Ring are circulating online, sparking excitement among fans who desire to experience the title on the go. While unconfirmed, the prospect has captivated the gaming community, leading to discussions about the feasibility of adapting the game's complex mechanics to mobile platforms and the potential impact on mobile gaming trends.

"Princess Peach: Showtime" Generates Positive Buzz: The recent Nintendo Direct Partner Showcase unveiled "Princess Peach: Showtime," a new title receiving positive first impressions for its innovative gameplay and engaging story. This upcoming release has garnered significant interest within the gaming community, particularly among fans of the Super Mario franchise, potentially influencing player expectations and pre-order trends.

This Week's Video Game Releases (February 26 - March 2, 2024):

February 28, 2024:

Brothers: A Tale of Two Sons Remake (PlayStation 5, Xbox Series X/S, PC)

Cook, Serve, Delicious! (Xbox Series X/S, Xbox One)

Star Wars: Dark Forces Remaster (PlayStation 5, Xbox Series X/S, PlayStation 4, Xbox One, Switch, PC)

Additional News Stories:

Call of Duty Servers Crash, Player Stats Reset: Adding to the woes of Call of Duty players, server outages caused frustration and confusion due to data resets.

PlayStation VR 2 Expands Horizons with PC Support: In a move that may delight PC VR enthusiasts, Sony announced that PlayStation VR 2 will support PC games sometime in 2024, potentially expanding its player base.

Fortnite Emote Faces Lawsuit: A choreographer filed a lawsuit against Epic Games, claiming their copyrighted dance moves were used in a Fortnite emote without proper permission, raising discussions about intellectual property rights and fair use within the gaming industry.

[trade-unlisted]

A Beginner’s Guide To Unlisted Shares

What are Unlisted Shares?

In simple terms, unlisted shares are shares of a company that hasn’t gone public yet. By purchasing the unlisted shares of a private company, you can invest in it even before its initial public offering (IPO). The Unlisted Saga – Unlisted companies have ambitious plans for rapid growth that aspire to take their business to the next level turning them into multi bagger growth opportunities for investors. 

Previously, access to Similarly, access to startups, earlystage, pre-IPO companies were previously limited to venture capitalists & angel investors.

There are multiple ways to acquire unlisted shares. There are multiple platforms offering such unlisted and Pre IPO shares. TradeUnlisted is one such platform. TradeUnlisted is the leading platform for buying and selling of Unlisted Stocks. To know more, visit www.tradeunlisted.com

Features of Unlisted Shares: 

Dematerialized: Similar to listed stocks, unlisted stocks are also transferred to your Demat account. You may monitor the status of the unlisted shares that you have purchased through your depository participant account, in which they are available at face value.  

Growth Potential: You can now be a part of a private company’s growth since the start. Investors can buy shares in businesses that are either technologically or operationally new on unlisted markets. 

Liquidity: There is no restriction on buying or selling of unlisted shares until the IPO cut-off date, which is usually a week before the listing. However, after listing the SEBI norms shall be applicable to these shares. All unlisted shares go for a lock-in of 6 months from the date of listing, post which they can be traded like any other listed shares. 

Check the current Share Prices of Unlisted Companies in India: 

OYO (Oravel Stays Ltd)

Check OYO Unlisted Share Price

National Stock Exchange (NSE)

Check NSE Unlisted Share Price

PharmEasy (API Holdings Ltd)

Check PharmEasy Unlisted Share Price

Chennai Super Kings (CSK)

Check CSK Unlisted Share Price

Bira91 (B9 Beverages Pvt Ltd)

Check Bira91 Unlisted Share Price

Fino PayTech Ltd

Check Fino Unlisted Share Price

BoAt (Imagine Marketing Services Pvt Ltd)

Check Boat Unlisted Share Price

HDFC Securities Ltd

Check HDFC Securities Unlisted Share Price

Kurlon Enterprise Ltd

Check Kurlon Unlisted Share Price

Aricent Technologies (Holdings) Ltd

Check Aricent Unlisted Share Price

Capgemini Technology Services India Ltd

Check Capgemini Unlisted Share Price

NCL Buildtek Ltd

Check NCL Unlisted Share Price

Merino Industries Ltd

Check Merino Unlisted Share Price

Hexaware Technologies

Check Hexaware Unlisted Share Price

Capital Small Finance Bank Ltd

Check Capital Small Finance Bank Unlisted Share Price

Indofil Industries Ltd

Check Indofil Unlisted Share Price

Signify Innovations India Ltd

Check Signify Unlisted Share Price

Nayara Energy

Check Nayara Energy Unlisted Share Price

Hira Ferro Alloys Ltd

Check Hira Unlisted Share Price

Sterlite Power Transmission Ltd

Check Sterlite Power Unlisted Share Price

Carrier Air-Conditioning & Refrigeration Ltd

Check Carrier Unlisted Share Price

Axles India Ltd

Check Axles Unlisted Share Price

Care Health Insurance Ltd

Check Care Health Unlisted Share Price

Cochin International Airport Ltd (CIAL)

Check CIAL Unlisted Share Price

Elofic

Check Elofic Unlisted Share Price

Epiroc Mining India Ltd

Check Epiroc Unlisted Share Price

Frick India Ltd

Check Frick Unlisted Share Price

HDB Financial Services Ltd(HDBFS)

Check HDB Finance Unlisted Share Price

Hero FinCorp Ltd (HFCL)

Check Hero Fin Corp Unlisted Share Price

ICL Fincorp Ltd (ICL)

Check ICL Fin Corp Unlisted Share Price

India Carbon Ltd (ICL)

Check ICL Carbon Unlisted Share Price

Kannur International Airport

Check Kannur Unlisted Share Price

Lava International Ltd

Check Lava Unlisted Share Price

Maharashtra Knowledge Corporation Ltd (MKCL)

Check MKCL Unlisted Share Price

Metropolitan Stock Exchange Of India Ltd (MSEI)

Check MSE Unlisted Share Price

Mohan Meakin Ltd (MML)

Check Mohan Maekin Unlisted Share Price

Motilal Oswal Home Finance Ltd (MOHFL)

Check Motilal Oswal Unlisted Share Price

Reliance Retail Ltd

Check Reliance Retail Unlisted Share Price

Studds Accessories Ltd

Check Studds Unlisted Share Price

Tata Technologies

Check Tata Technologies Unlisted Share Price

Utkarsh CoreInvest Ltd

Check Utkarsh Core Unlisted Share Price

How to buy unlisted shares?

Trade Unlisted is a leading platform for buying and selling of unlisted stocks. TradeUnlisted makes the process of buying and selling unlisted shares seamless and easy.  

Select the company whose share you are willing to buy.

Select the ‘Invest now’ button on the company page. The unlisted stocks will be added to your cart. 

In the cart section, you will be required to enter the quantity of unlisted shares you want to purchase. 

Please note that the minimum cart value should be at least INR 5000. 

Next step is to select the payment method you wish to use. Company accepts payments via debit card, net banking and UPI. 

Post payment, the Relationship Manager will confirm the payment made by you and will ask you to share your Client Master List (CML) details. 

The shares will be credited in the demat account mentioned in the CML copy within the timeline mentioned in the Deal Contract Letter. 

In case you have any other questions, please feel free to call TradeUnlisted on (+91) 8958212121 or write a letter at contactus@tradeunlisted.com. 

Disclaimer: TradeUnlisted is a transactional platform. We are not a stock exchange or an advisory platform. Investments in unlisted products carry a risk and may not provide the anticipated returns and there is a possibility of losing the entire capital as well. There is no assurance of exit and listing date and no clarity whether the ipo will come or not. Unlisted shares go in a lock-in for 6 months from the date of allotment in the ipo. No one should rely solely on the information published or presented herein and should perform personal due diligence or consult with an independent third-party advisor prior to making any investment decisions. The information is obtained from secondary sources, we do not assure the accuracy of the same. The estimates and information is based on past performance, which cannot be regarded as an accurate indicator of future performance and results.

[harpreetkohli345]

What is Private Equity Investment ? and How can it give Multifold Return ?

What is Private Equity Investment ?

Private Equity is an alternative investment option which consists of companies that are not yet listed on a public exchange. Private equity consists of funds and investors who have the ability to make direct investments in private businesses. Institutional and retail investors provide the capital for private equity firms, and the capital can be utilized to fund these companies for different new technologies, or to make acquisitions, expand business, and make a solid balance sheet.

How to Invest in Private Equity?

To invest in private equity directly, the easiest and simplest method is to invest in

unlisted shares

or pre ipo shares of these private companies which are not yet listed but are being traded in the unlisted market.

To know and get the list of these unlisted companies you can visit planify’s website there you will not only get the list of these shares but also the financials and other important factors for which investors look into before investing.

What are Unlisted Shares?

Unlisted shares are the shares of the companies who introduced their shares in the unlisted market for distribution of equity shares for further growth or for any reason.

The difference between unlisted shares and listed shares is that the powers of listed company shareholders is much higher from the unlisted shareholders.

What are Pre IPO Shares?

Unlisted Shares get converted into Pre IPO shares when companies file their DRHP (Draft Red Herring Prospectus) to SEBI and after SEBI’s approval before

IPO

Then these shares get traded at much higher speed depending upon the company’s strong financials and company profitability or performance.

How to buy Unlisted shares and Pre IPO Shares?

To buy unlisted shares or Pre IPO shares you can visit planify, they have created many research reports around these private companies, there are more than 200+ companies they have research reports on created by planify’s experienced financial analysts.

Some recommended Unlisted shares and Pre IPO Shares are:

HDB Financial Services

Urban Tots

Ixigo Le Travenues Technology Limited

B9 Beverages Pvt Ltd.

Sigachi Laboratories Limited

Martin and Harris Laboratories Limited

Signify Innovations India Limited

Motilal Oswal Home Finance Limited

Five Star Business Finance Limited

Bikaji Foods International Ltd

Bagrrys India Ltd

Inkel Limited

Mohan Meakin Limited

East India Pharmaceutical Works Limited

Indofil Industries Ltd

For more information visit: https://www.planify.in/research-report

[clearhologrampainter]

payments from PayPal, Amazon and Co booked

A payment is the deliberate delicate of cash or its same or of things of significant worth by one gathering, (for example, an individual or organization) to another in return for merchandise, or administrations gave by them,

or to satisfy a legitimate commitment.  mollie agenda The gathering making a payment is normally called the payer, while the payee is the gathering getting the payment.

Payments can be affected in various manners, for instance:

the utilization of cash, check, or charge, credit or bank moves.

the exchange of anything of significant worth, for example, stock, or utilizing deal, the trading of one great or administration for another.

When all is said in done, the payee is at freedom to figure out what strategy for payment the person in question will acknowledge; however typically laws require the payer to acknowledge the nation's lawful delicate up to

an endorsed limit. Payment is most normally affected in the nearby cash of the payee, except if the gatherings concur something else. Payment in another cash includes an extra unfamiliar trade exchange. The payee may settle

on an obligation, i.e., acknowledge a section payment in full repayment of an account holder's commitment, or may offer a markdown, E.G: For payment in real money, or for brief payment, and so forth Then again, the

payee may force an extra charge, for instance, as a late payment expense, or for utilization of a specific Mastercard, and so forth

Payments are as often as possible went before by a receipt or bill, which follow the stockpile of products or administrations, however in certain enterprises, (for example, travel and lodgings) it is getting normal for pre-

payments to be needed before the administration is performed or given. In certain businesses, a store might be needed before administrations are performed, which goes about as a section pre-payment or as security to the

specialist co-op. At times, progress payments are made ahead of time, and sometimes part payments are acknowledged, which don't quench the payer's lawful commitments. The acknowledgment of a payment by the payee

smothers an obligation or other commitment. A loan boss can't absurdly decline to acknowledge a payment, yet payment can be denied in certain conditions, for instance, on a Sunday or outside financial hours. A payee is

generally committed to recognize payment by delivering a receipt to the payer. A receipt might be a support on a record as "settled completely". The giving of an assurance or other security for an obligation doesn't comprise

a payment.

Historical background

The root word "pay" in "payment" comes from the Latin "pacare" (to conciliate), from "pax", signifying "harmony". In the Middle Ages, the term started to be utilized all the more comprehensively, to signify "to appease

one's leasers". As the Latin word was made piece of Old French "paier", it held the signifying "assuage" yet picked up the signifying "to pay" (as in paying an obligation). The Middle English word "payen", which came

from French, was likewise utilized in both ways.

Techniques

There are two kinds of payment strategies; trading and provisioning. Trading includes the utilization of cash, involving banknotes and coins. Provisioning includes the exchange of cash starting with one record then onto the

next, and includes an outsider. Mastercard, charge card, check, cash moves, and repeating money or ACH (Automated Clearing House) payment are largely electronic payments strategies. Electronic payments innovations

incorporate attractive stripe cards, smartcards, contactless cards, and portable payments.

Gatherings included

A payment may include multiple gatherings. For instance, a pre-loaded card exchange typically includes four gatherings: the buyer, the merchant, the responsible bank and the procuring bank. A money payment needs in any

event three gatherings: the merchant, the buyer and the guarantor of the cash. A bargain payment requires at least two gatherings: the buyer and the vender.

Suppliers

The framework and electronic clearing techniques are shaped by the payment supplier. Worldwide charge card payment suppliers are Diners Club, Visa, American Express and MasterCard. Maestro and Cirrus are worldwide

charge card payment suppliers.

Blockchain additionally gives a foundation to payments utilizing advanced cash and possibly better security, less middle people, and lower exchange costs.  

Amazon Pay is an online payments handling administration that is possessed by Amazon. Dispatched in 2007, Amazon Pay utilizes the purchaser base of Amazon.com and spotlights on giving clients the choice to pay with

their Amazon accounts on outside trader sites. As of January 2019, the administration is accessible in Austria, Belgium, Cyprus, Germany, Denmark, Spain, France, Hungary, Luxembourg, Republic of Ireland, India, Italy,

Japan, Netherlands, Portugal, Sweden, United Kingdom, and the United States.

Amazon Pay declared an association with Worldpay in 2019 permitting WorldPay customers to empower Amazon Pay as a piece of the equivalent integration.

Amazon Pay fuses an assortment of items for purchasers and shippers to deal with online payments.

Amazon Pay

Amazon Pay gives the choice to buy products and enterprises from sites and versatile applications utilizing the addresses and payment strategies put away in the Amazon account, for example, Visas or an immediate charge

ledger or the brought together payments interface in India.

Amazon Pay Express

Amazon Pay Express is a payments handling administration for straightforward internet business use cases on sites. Based on Amazon Pay yet without requiring a full internet business integration, it utilizes a Java button

code generator to make a catch that can be reordered onto a site or added through WordPress plug-in. It is most appropriate for vendors selling few items with a solitary thing in each request, for example, an advanced

download.

Development

Amazon Pay has gone through numerous adjustments in its advancement to improve the online payments handling for Amazon clients on outer sites. While Amazon Pay is the latest item, it speaks to the perfection of past

experimentation items, and key acquisitions.

Checkout by Amazon (CBA)

CBA was an E-business arrangement that permitted web dealers to acknowledge Amazon account data and use Amazon for payment handling. CBA could deal with a few parts of the exchange including request preparing,

special limits, dispatching rates, deals charge figuring, and up-selling. Contingent upon the necessities of the vendor, CBA could be incorporated into the shipper's frameworks with manual preparing (through Seller Central)

or through SOAP APIs or downloadable CSV documents. CBA likewise professed to pay off awful obligation in light of Amazon's extortion recognition abilities. CBA was ceased in the UK and Germany in 2016 and in

the US in April 2017.

PayPal Holdings, Inc. is an American organization working an online payments framework in greater part of nations that underpins online cash moves and fills in as an electronic option in contrast to customary paper

strategies like checks and cash orders. The organization works as a payment processor for online sellers, closeout locales, and numerous other business clients. It charges an expense in return for advantages, for example, a

single tick exchanges and secret key memory.

Set up in 1998 as Confinity, PayPal had its first sale of stock in 2002. It turned into a completely possessed auxiliary of eBay soon thereafter, esteemed at $1.5 billion. In 2015, eBay spun off PayPal to eBay's shareholders.

The organization positioned 204th on the 2019 Fortune 500 of the biggest United States companies by revenue.

Early history

PayPal was initially settled by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, an organization that created security programming for handheld gadgets. It had no accomplishment with that plan

of action, notwithstanding, so changed its concentration to a computerized wallet. The main variant of the PayPal electronic payments framework was dispatched in 1999.

In March 2000, Confinity converged with X.com, a web based financial organization established by Elon Musk. Musk was idealistic about the future achievement of the cash move business Confinity was developing. Musk

and Bill Harris, at that point president and CEO of X.com, differ about the likely future accomplishment of the cash move business and Harris left the organization in May 2000. In October of that year, Musk concluded

that X.com would end its other web banking activities and spotlight on PayPal. That very month, Elon Musk was supplanted by Peter Thiel as CEO of X.com, which was renamed PayPal in 2001 and opened up to the

world in 2002. PayPal's IPO recorded under the ticker PYPL at $13 per share and produced over $61 million.

[loyallogic]

Why do Companies have Multiple Funding Rounds?

This article is written by Bhavna Hemajani, pursuing a Diploma in M&A, Institutional Finance and Investment Laws (PE and VC transactions) from Lawsikho.com. Here he discusses “Why do Companies have Multiple Funding Rounds?”.

Introduction

Startup: The Ministry of Commerce & industry vide notification dated February 19, 2019, has amended the definition of a Startup. It states: 

Only that an entity will be called a Startup, whether it is incorporated as a private limited company, a limited liability partnership or a registered partnership up to 10 years of its incorporation; turnover has not exceeded Rs. 100 crore in any of the previous financial years; it is working towards either innovation, development or improvement of goods/ processes/ services or if it has a nature of a scalable business model, it works towards employment generation or wealth creation. It does not include that entity which is a result of splitting off or reconstruction of an existing business. 

Funding for Startup

For any Startup to stay afloat and grow it will require funding, either from an external or internal source. In a narrow sense, the term ‘fund’ signifies ‘capital’.[1] Funding is the fuel on which a business operates. The internal source of funding includes self-financing and financing from family and friends. While the external source of funding includes investors. For the investors, it is a risky proposition but investing in Startups requires low capital input which when combined with high upside potential, makes it lucrative and attractive for the investors to put their bets on Startup.[2] 

A Startup shall raise its funds in multiple rounds. These multiple rounds are the following:

Seed capital/ Angel investor funding

Series A/B/C- Venture capital financing

Mezzanine Financing & Bridge Loans

IPO[3]

Seed Capital

Even before a Startup decides to enter the first phase of funding, it may indulge in pre-seed funding round. The pre-seed funding involves funds being raised by the founders and friends & family members. Once some operation has commenced, a Startup may raise a seed capital funding, which is also called Series rounds. Usually, it is the angel investors that seek to invest in Startups at this stage. 

The SEBI (Alternative Investment Funds) Regulations, 2018 defines an angel investor u/s 19A(2). Angel investor may invest in or fund those Startups where it will see a potential for growth. Currently, there are various groups and individuals who have identified themselves as angel investors and their efforts are resulting in various success stories. The Indian Angel Network is a network of angel investors who invest in early stages businesses having the potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures.[4] The AngelList, an US-based curated closed marketplace for startups and investors, has launched an India focused fund – The Collective. The Collective will invest about INR 1 Cr each in 60-80 startups annually. This fund will also give quick capital access to AngelList’s Syndicate leads.[5]

Startup India Initiative was launched by the Modi Government in January 2016 to provide support to entrepreneurs and ensure sustainable economic growth in India. Under the initiative, one of the key pillars of support to Startups is ‘Exemption on Income Tax & Capital Gains Tax for all eligible startups’. The Startups are exempted from tax liability imposed u/s 56 (2)(viiib) of Income Tax Act i.e. on considerations received for issue of shares that exceed the face value of such shares.[6] This provision is called the Angel Tax exemption provision. 

Series A/B/C Funding

It is a common phenomenon that most of the Startups face is that they fail after their seed round. But if a business manages to pick up operations in a positive manner, it shall become eligible to enter into the next phase of funding. Series A funding usually comes from venture capital firms, although angel investors may also be involved. 

With limited operating history and high risk involved, Startup does not seek to raise funds from institutions. The Venture capitalist in exchange for the high risk by way investing in smaller and less mature companies, they receive certain protective rights in the company with respect to management decisions, in addition to a significant portion of the company’s ownership (and consequently value).[7] Since the high per cent of venture capital investors is from outside India, their investment activities are regulated by the SEBI (Foreign Venture Capital Investors) Regulations, 2000. 

It has been stated that investors particularly venture capitalist (VCs) add value to Startups in various ways, namely: 

Ensure smooth operations by the leading company board. 

Provide assistance in recruiting high-quality human resources for the job. 

Provide aid in achieving efficiency and effectiveness.[8]

Equity crowdfunding has also become one of the sources for Series round of funding. It refers to raising funds, particularly at an early stage, by offering equity interests in the business to investors on an online platform. Businesses seeking to raise capital through this mode typically advertise online through a crowdfunding platform website, which serves as an intermediary between investors and the start-up companies. Some examples of equity crowdfunding platforms are Syndicate Room, Crowdcube and Seedrs.[9] However, SEBI considers it to be as ‘unauthorised, unregulated and illegal’. 

Mezzanine Financing & Bridge Loans

A Startup seeking to expand will require mezzanine or bridge funding. Mezzanine finance is a collective term for hybrid forms of finance: it has features of both debt and equity. The most common forms of mezzanine finance include

subordinated loan; 

participating loan; 

‘silent’ participation; 

profit participation and

 convertible bonds. 

Mezzanine financing is a preferred option over equity holders. Consequently, mezzanine investments generate returns that are higher than traditional bank lending rates and lower than the returns required by most equity investors.[10] Thus, one can say that mezzanine financing acts as a catalyst in the growth and development of the Startup. 

Bridge financing is undertaken by the Startup to bridge the gap between investments where the Startup is trying to keep the company afloat. It is a round of funding involving taking short term loan in order to reach the next round of funding.[11] Bridge financing allows Startup to merge, or gather financing for an IPO.

 Click Above

Initial Public Offering (IPO)

SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 defines IPO as ‘an offer of specified securities by an unlisted issuer to the public for subscription and includes an offer for sale of specified securities to the public by any existing holders of such specified securities in an unlisted issuer.’[12]

SEBI recently amended the regulations on Issue of Capital and Disclosure Requirements and expanded the scope for companies to can list their securities. A company involved intensively, in providing products or services or having substantial value addition in relation to use of technology, IT, IP, data analytics, biotechnology is also eligible to list their securities on Innovators Growth Platform.[13] With this amendment, SEBI seeks to attract more and more investors and boost the growth of Startups. 

Case Study: Flipkart

Flipkart is the ideal Indian Startup success story. It is to be noted that though it does not fall within the scope of the current definition of Startup, it started as one. It started its operations with Rs. 4 lakh as initial capital in 2007. In 2009, Accel India, the venture capital firm invested $1 million which marked the Series A stage of funding. Finally, after various rounds of fundings, it was in 2010-2011 when Flipkart became a Unicorn Startup[14] with valuation at USD 1 Billion. Now, as India’s leading e-commerce major, it has undertaken to support the ecosystem to build innovative solutions for the next wave of internet users with the launch of a venture fund.[15]

Conclusion

Every entrepreneur seeks to develop a business plan that caters to the need of the masses and the means to serve this identified need is a Startup. It can be a company or a partnership. But every business requires some capital funding to stay afloat, operate and grow in future. Funding of any Startup is undertaken in different stages to serve the current need and the immediate future growth plan. At each stage, there are different categories of investors. Each investor can be distinguished from the other on the basis of their nature, the risk undertaken by them and the scale of funding they put. The Indian scenario is booming with successful Startup stories e.g. Flipkart, Oyo Rooms, Byjus, Swiggy etc. The statutory authorities have also recognised the growing trend along with the difficulty faced by the Startups in raising funds. Therefore, the Modi government launched the scheme called Startup India, as a platform for investors and startups to connect and achieve their respective goals. 

References

Black’s law dictionary 

Ibid.

Upwork, 5 Stages of Startup Funding https://www.upwork.com/hiring/for-clients/5-stages-startup-funding/

Indian Angel Network, About Retrieved from https://www.indianangelnetwork.com/about.

Yatti Soni, AngelList Launches An India Fund Backed By Flipkart’s Binny Bansal & More, Inc42 Retrieved from https://inc42.com/buzz/silicon-valley-based-angellist-launches-a-fund-for-indian-startups/.  

Notification No. 13/2019/F dated 5th March 2019, Ministry of Finance

Nishith Desai Associates, Startups and Venture Capital Investments 

FAQs Startupindia Retrieved from https://www.startupindia.gov.in/content/sih/en/about_us/faqs.html. 

SEBI, Consultation Paper on Crowdfunding in India

European Commission, Mezzanine Finance Final Report

Upcounsel, Bridge Financing: Everything You Need to Know Retrieved from https://www.upcounsel.com/bridge-financing

SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 § 2(w). 

SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 §283(1).

Term coined by Ms. Aileen Lee in 2013. The term is used to describe a Startup company with a valuation of USD 1 Billion.

Thimmaya Poojary, Yourstory, Flipkart launches venture fund to invest in early-stage start-ups Retrieved from https://yourstory.com/2019/03/flipkart-venture-fund-invest-early-stage-startup-bnt5qqmfni.

Students of Lawsikho courses regularly produce writing assignments and work on practical exercises as a part of their coursework and develop themselves in real-life practical skill.

  LawSikho has created a telegram group for exchanging legal knowledge, referrals and various opportunities. You can click on this link and join:

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[planify]

Suryoday Small Finance Bank Pre IPO Review & Analysis

Suryoday Small Finance Bank IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the Suryoday Small Finance Bank IPO release date, IPO offer price, subscription, Suryoday Small Finance Bank IPO allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

Summary of Suryoday Small Finance Bank

Suryoday - ‘Sunrise’ in Sanskrit, signifies a new dawn, a new beginning and this encompasses our strong commitment to financial inclusion. In the past, as Suryoday Micro Finance and now as Suryoday Small Finance Bank.

Suryoday journey from Micro Finance to a Small Finance Bank took just eight years. Today over a million ‘smiling customers’ stand testimony to our belief that ‘no matter what, dreams, when enabled will transform mankind and create a whole new world around’.

Suryoday has among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ license from the Reserve Bank of India (RBI).

Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. Its endeavor is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. The Bank’s focus is to continue to be on ensuring the best in class ‘Customer Experience’.

As a bank, Suryoday

-         Offers its existing credit products suite of MFI loans, Vikas Loans, Shopkeeper Loans etc. to new and current customers.

-         Offers digital banking as the key account differentiator to customers using the extensive seeding of Aadhar biometric identification system, NPCI’s payment systems and mobile technologies whilst continuing to explore banking through traditional channels.

-         Focuses on the unserved and the underserved through innovative banking practices and continue to expand reach in states where it currently doesn’t has a presence

Promoters of Suryoday Small Finance Bank

Mr. Baskar Babu Ramachandran

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Mr. P Surendra Pai

-         Retired in 2002 as a Vice Chairman of Wipro Ltd.

-         Executive Chairman of Murugappa Group till 2006.

-         Independent Director of Federal Bank till 2010.

Mr. P S Jagdish

-         Director Emmjay Financial Ventures Pvt Ltd.

-         Promoter of Indo Tech Transformers Ltd.

-         Former President of Indian Transformer Manufacturers Associations.

Mr. G V Alankara

-         Director & Compliance Officer Old Bridge Capital Management.

-         Ex-Fund Manager Canara Bank Mutual Funds.

-         Ex-Head of Dealing - SSKI Securities Ltd.

Board of directors

Mr. R. Ramachandran

-         Currently Independent Director with the Gati group.

-         Ex-Chairman & Managing Director - Andhra Bank.

-         Ex-Executive Director - Syndicate Bank.

Mr. Mrutyunjay Sahoo

-         Independent Director

-         Ex-Special Chief Secretary to the Government of Andhra Pradesh.

-         Ex-Director as government nominee in Navratna and Miniratna PSUs.

Mr. Jyotin Mehta

-         Independent Director

-         Ex-GM and Company Secretary of ICICI Bank Ltd.

-         Ex- Chief Internal Auditor of Voltas Ltd. Currently Director with ICICI Prudential Trust, Monnet Ispat & Energy and some companies of the ASK group.

Ms. Meena Hemchandra

-         Independent Director

-         Retired Executive Director of Reserve Bank of India having over 35 years of experience spread over various departments. Has been CGM-in-charge of the Mumbai Region of the Department of Supervision, RBI , has chaired the ‘Standing Committee on Cyber Security in Banks’ and overseen the issue of cyber security guidelines from the RBI. An MA (Economics), CAIIB and CFA by qualification, she has academic and Board- level experience having been on the Board of several Bank Boards.

Mr. Arun Diaz

-         Independent Director

-         Post 28 years of world-wide assignments with Standard Chartered Bank, he is now a Consultant in Banking and an entrepreneur in the healthcare sector involved in Venture Capital. An MBA from XLRI, he mentors new and upcoming entrepreneurs.

Mr. Ranjt Shah

-         Nominee Director

-         Over 36 years of varied experience, including thirteen years as a private equity investor.

-         Managing Partner and Co-Founder of Gaja Capital leading investments in the consumer, financial services and infrastructure ancillary sectors.

Mr. Aleem Remtula

-         Nominee Director

-         Has over 15 years of experience in impact investing with socially-responsible, venture capital and private equity funds in the U.S. and Europe and is a Economics graduate from Princeton University and also an MBA from Harvard Business School. He is currently Managing Director at Developing World Markets, a U.S.-based impact investment manager and manages the firm’s private equity investments across Asia, the Caucasus, and East and South Africa. Aleem also serves on the board of the Aga Khan Foundation, USA and consults on financial access strategies and products for the poor and ultra-poor across multiple countries.

Mr. Baskar Babu Ramachandran

-         MD & CEO

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Key Institutional Investors:

-         HDFC

-         HDFC Life

-         IDFC First Bank

-         Kotak Life

Industry Overview:

-         The Indian Banking structure has undergone appropriate transformation with the formation of a new banking institution – Small Finance Banks (SFBs).

-         These SFBs are expected to penetrate Rural India and help achieve financial inclusion by providing basic Banking and Credit services to a larger population.

-         SFBs also work as institutionalized systems to undertake deposits, which enables them to access low-cost funds as compared to NBFCs.

-         The loan portfolio of SFBs is expected to grow at 25-30% with share of microfinance declining to around 40% by March 2020, according to a report by rating agency ICRA.

Suryoday Small Finance Bank IPO Allotment Status, Subscription, Price, Date & More.

Suryoday Small Finance Bank IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify View Over Suryoday Small Finance Bank:

-         We at Planify believe, after considering the bank’s financials and capital structure, that the bank is going to be a safe bet and it could grow exponentially in the coming years. After analyzing all the aspects we would give the bank a rating of 4 out of 5.

Want to buy Suryoday Small Finance Bank Unlisted Shares? Come right to us!

-         Mail Us On - help@planify.in

-         Or Call Us On - (+91) 706-556-0002

 Investment Disclaimer Investment in Pre-IPO Equity is subject to market risk. The investor should take an informed decision before investing in any company.

Planify Disclaimer An investment made on the Planify Platform is made through pooled investments that acquire shares of private companies and are not a direct investment in these companies.

Transaction Disclaimer Planify facilitates the smooth execution of the transaction. If in case, Planify is not able to provide or supply the requisite agreed inventory, it will return the transaction amount in the same account through which the funds are received.

[olliejennabn]

HK maintains competitiveness

As a leading global financial centre, Hong Kong has much to offer, especially when Hong Kong has become the international financial centre at the doorstep of Mainland China and its huge financial markets. If one looks at the international markets, there are many worrying developments. Some concern geopolitical tension. Some pertain to international trade and the WTO (World Trade Organization) framework. Brexit is on your agenda too. And others are mulling over Brextension, with the word "extension" replacing "exit". Global economic growth has been marked down generally across the board, with a few exceptions. So what are the prospects for Hong Kong? We remain cautiously optimistic and I will speak briefly to address this question. I will then move on to make some observations on certain key developments related to derivatives markets since the global financial crisis in 2008.

 For years, Hong Kong has been ranking among the top three international financial centres.

 Hong Kong is home to nearly 80 of the world's top 100 banks, second only to Japan in Asia. Their aggregate balance sheets total around US$3 trillion. Our asset and wealth management sector has a total of about US$3.1 trillion of assets under management, with two-thirds of that coming from non-Hong Kong sources.

 To further consolidate our status as an asset and wealth management hub, we have put in place a legal regime to diversify and enhance our fund structure. Moreover, open-ended fund companies, along with all onshore and offshore funds, enjoy profits tax exemption. We are also working on a revamp of our regime for limited partnership and that should be introduced into our legislature in this coming year.

 Our stock market boasts a market capitalisation of US$3.8 trillion, which is about 11 times our GDP. In 2018, we topped the world in initial public offerings (IPOs), taking in some US$37 billion. In fact, during the past 10 years, for six years Hong Kong came first globally for funds raised through IPOs.

 We have also launched a new listing regime for emerging and innovative enterprises, and they may have weighted voting rights structure, subject to certain governance requirements. The new regime also caters for pre-revenue or pre-profit biotech companies from around the world and we welcome them to list on our stock exchange.

 Offshore RMB centre Apart from the above bread-and-butter elements of an international financial centre, Hong Kong is unique in our being the leading global hub for offshore renminbi or Chinese yuan business. Hong Kong currently accounts for over 70% of global RMB payments. On the investment front, a restricted window for capital account transactions was begun in 2014, with the Shanghai-Hong Kong Stock Connect, which was followed by in 2016 the establishment of the Shenzhen-Hong Kong Stock Connect.

 These two schemes allow eligible Mainland investors to trade in eligible shares listed on the Stock Exchange of Hong Kong. They also allow Hong Kong and overseas investors to trade in eligible shares listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

 With the convenient access to the Mainland capital markets through these stock connect schemes available on our markets, we have seen more participation by international investors in the Mainland markets. And so much so that we have now seen major international indices such as MSCI and FTSE Russell having included China A-shares in their index portfolios. And the weighting in MSCI is slated to increase to 20% over time too. The inclusion of A-shares in these indices not only demonstrates the success of the internationalisation of the Mainland capital markets, but also signifies the very crucial role that Hong Kong plays in the process.

 With these international developments, the demand for offshore risk management products and hedging tools has also been on the rise. In light of this, the Hong Kong Exchanges & Clearing Limited, which is our stock exchange, signed a licence agreement with the MSCI last month to introduce futures contracts on the MSCI China A-shares Index. The proposed futures products will cover the large and mid-cap A-shares under the MSCI China A Index, which are accessible via the Stock Connect and represent the A-share portion of the MSCI Emerging Markets Index. This will provide the necessary tool for international investors to track their A-share investments and to manage their risk exposures. Subject to regulatory approval and market conditions, the A-shares Index futures products can be launched as a key tool for risk management and I hope that will happen very soon. This is an important milestone in fostering Hong Kong's important role as the offshore risk management centre for Mainland China. And incidentally I should mention that in the recently announced Greater Bay Area Outline Development Plan, there are four roles which we have identified as the key for Hong Kong. One of them is actually the risk management centre for the financial markets in China in the context of the Greater Bay Area.

 After talking about A shares, let me turn now to bonds. We launched in Hong Kong in July 2017 a Bond Connect with northbound trading initially. This enables overseas investors to access the onshore bond market through Hong Kong's financial infrastructure, which affords investors greater convenience and flexibility. Such access is crucial because China's bond market, which is worth around US$13 trillion, is the world's third largest, after the United States and Japan, and its importance is continuing to grow. This is especially so when China accounts for about 15% of the global GDP stock but it contributes around 30% of the global GDP growth for the last few years. In fact, Chinese RMB-denominated government bonds and policy bank securities are being added to the Bloomberg Barclays Global Aggregate Index, starting this month on April 1, and phased in over a 20-month period. China's weight in the index is estimated to increase to around 6% and renminbi will become the world's fourth largest currency component in the index. China's bonds generally have low correlation with developed markets and are regarded as an attractive alternative for investors who wish to diversify their risks. And our stock exchange has plans to develop onshore bond futures products to provide hedging tools for investors who are investing in the Mainland bond market.  The increasing openness of the Chinese economy and its financial markets has seen Hong Kong continuing to be a magnet for businesses from the Mainland and around the world. Our latest survey shows a 6.4% increase in 2018 in the number of overseas and Mainland companies setting up in Hong Kong, and the total number now exceeds 8,750. The growth is even more prominent in the number of companies using Hong Kong as their regional headquarters, which now reaches 1,530, up 8.3% from 2017.

 Our startup ecosystem has also skyrocketed in the last few years. We now have over 2,600 startups in Hong Kong, representing an increase of 18% over 2017. The number of people employed by startups also increased by 51% to over 9,500.

 Ladies and gentlemen, after sharing the opportunities that we have in Hong Kong's financial markets, now I would like to turn to three major developments related to derivative markets since the global financial crisis.

  Derivatives regulatory regime First, on the regulatory regime for OTC derivatives. As we all know, a key lesson learnt from the global financial crisis of 2008 is the discovery of structural deficiencies in the OTC derivative markets. There was the proliferation of under-regulated or outright unregulated derivatives. The near absence or the void of regulation and oversight, together with the bilateral nature of OTC derivative transactions, made it extremely difficult for regulators to monitor the build-up of exposures, and to assess OTC derivative positions to gauge the level of threat and impact on the market and the wider economy. Furthermore, the global nature of the derivative transactions and the interconnectivity of market players who are located in different jurisdictions also contributed to the potential for contagion risk.

 In September 2009, G20 leaders committed to regulatory reforms for OTC derivatives. And in November 2011, G20 leaders further agreed that international standards on margining for non-centrally cleared OTC derivatives should be developed.

 Hong Kong is committed to implementing these G20 commitments. Our legislation was amended five years ago, with the enactment of the Securities & Futures (Amendment) Ordinance 2014, to provide for a regulatory framework for the introduction of mandatory reporting, clearing and trading obligations. The regime is being implemented in phases and is currently in force for over 90% of OTC derivatives in Hong Kong. This framework helps to reduce counterparty risk and increase market transparency. 

 In the Thirteenth Progress Report on OTC Derivatives Market Reforms, published by the Financial Stability Board in November 2018, Hong Kong was recognised to have achieved satisfactory results and broadly fulfilled all international regulatory requirements. These all underscore the Government's efforts in maintaining an internationally aligned regulatory regime and upholding the quality of our financial markets. We in Hong Kong will continue to contribute in this area to enhance the robustness of the international regulatory regime to increase the resilience of the financial markets while not stifling developments necessary for proper risk management.

 Interbank offered rates  The second development I would like to address concerns the Interbank offered rates or IBORs. There have been significant developments related to IBORs such as LIBOR for international markets and, for Hong Kong, our HIBOR. IBORs are referenced in a wide array of financial instruments, ranging from residential mortgage loans to interest rate derivatives, affecting large volumes of financial contracts worth trillions of dollars.

 However, given the decline in unsecured money market transactions since 2008, the credibility of these submission-based benchmarks has come under question, as the longer term IBORs are increasingly based on the expert judgement of contributing banks instead of actual transactions. The risk, as we all know, is that these benchmarks could be subject to manipulation. And this has, indeed, unfortunately happened in a number of jurisdictions with flagrant cases of misconduct.

 In 2013, the Financial Stability Board established the Official Sector Steering Group. This group of regulators and central banks is tasked to review and reform major IBORs in global financial markets and to encourage the development of transaction-based risk-free rates as alternatives to reference rates.

 Now, the Financial Conduct Authority in the United Kingdom has already made clear that it will stop compelling banks to contribute to LIBOR after the end of 2021. It is conceivable that LIBOR could possibly become unsustainable or even obsolete if a significant number of LIBOR panel banks should leave the panel after end-2021. And one estimate has it that LIBOR is the benchmark for US$350 trillion in financial contracts worldwide, and I saw in the presentation by Scott that actually for IBORs in general, we are looking at US$370 trillion worldwide.

 The LIBOR currency areas, that is, the United States, Euro Area, Japan, the UK and Switzerland, have identified near risk-free rates for their currencies as alternatives. Nonetheless, some market participants are still reluctant to make the move because most risk-free rates or near risk-free rates are not forward-looking term rates. Instead, they are overnight interest rates with no term premium and minimal credit spread.

 In Hong Kong, our central banking institution, the Hong Kong Monetary Authority, issued a circular last month requesting banks to make preparations for the potential transition from HIBOR. The Treasury Markets Association here has also set up a working group to engage stakeholders and enhance their awareness of the critical issues that may arise from the transition.

 In our case, HIBOR is a benchmark widely recognised as a credible and reliable rate by market participants, and so far we see it desirable and necessary for HIBOR to continue. In fact, some non-LIBOR jurisdictions have indicated that they would adopt a multiple rate approach whereby their interbank offered rates and near risk-free rates will co-exist. 

 At the same time, as Hong Kong is a member of the Financial Stability Board and also of the Official Sector Steering Group, Hong Kong has an obligation to put in place an alternative reference rate as a contingent fallback. The Treasury Markets Association has identified the Hong Kong Dollar Overnight Index Average (HONIA) as the alternative reference rate for HIBOR and will gather market feedback regarding a few technical refinements for this near risk-free rate. So we will need to monitor the financial markets carefully when HIBOR and HONIA operate side by side.

 It is actually very fortuitous for me to see that ISDA will be co-organising with Bloomberg in Hong Kong a conference on Benchmark Regulation and Migration. On May 30 this year, prominent speakers from the Hong Kong Monetary Authority, Federal Reserve Bank of New York, Reserve Bank of Australia, together with senior business leaders across banks, asset managers and corporations, will come together as an industry, on a neutral platform, to discuss the global changes, assess impact, and explore the way forward that is most applicable and adaptable for the region. I am sure this conference will be instrumental in informing the markets so that the stakeholders can join hands to undergo the transition smoothly and overcome the teething problems.

 Corporate treasury centres Thirdly, let me say a few words on the increasing importance of corporate treasury centres (CTC). Since the global financial crisis, the centre of gravity of economic growth has continued to shift to Asia. Given the increased importance of the region, multinational companies are setting up corporate treasury centres in Hong Kong to support their treasury activities in the Asia time zone. And very importantly, Mainland enterprises are also utilising the Hong Kong platform to go global in this regard. 

 Centralising treasury management can improve efficiency through economies of scale and standardisation of procedures and processes. Aside from managing cash flows related to operations, investments and financing, corporate treasury centres also manage foreign exchange risk, interest rate risk and commodity risk through OTC derivatives as well as exchange-traded derivatives.

 Hong Kong offers extensive corporate and investment banking networks, deep capital markets, first-class financial infrastructure, and sophisticated financial and business services. These advantages, together with the low and simple tax rates and the excellent communication and transportation network, continue to attract overseas and Mainland corporations to set up corporate treasury centres in Hong Kong.

 To provide for a more tax-friendly environment for CTC operations, we have amended our legislation to allow interest deductions under profits tax for corporate treasury centres and to reduce the profits tax for specified treasury activities by 50%. This means a concessionary rate of 8.25% as compared to the full profits tax rate of 16.5%. To address the ring-fencing concern of the OECD, we have also made legislative amendments in July 2018 to extend the half-rate concessions to profits derived from domestic transactions as well as offshore transactions.

 Ladies and gentlemen, you can see all the efforts we have made in Hong Kong to maintain the competitiveness of our financial markets in order to serve international and also local investors.

 We will continue to leverage the unique positioning of Hong Kong, seizing every opportunity to give full play to our strengths. Our upcoming policies look to opportunities unleashed by the Greater Bay Area development, the Belt & Road Initiative, and in fact, the whole of Asia and the world. We will enhance the resilience of our financial system, further improve our regulatory regime, and boost investor confidence and protection, all for sustaining Hong Kong's unrivalled status as an international financial centre and risk management centre.

 Acting Financial Secretary James Lau gave these remarks at the International Swaps & Derivatives Association's 34th Annual General Meeting.

from news.gov.hk - Business & Finance http://www.news.gov.hk/eng/2019/04/20190410/20190410_150642_810.html

[johnthejacobs]

Fincare Small Finance Bank Share Price Riding High on the Terrain

Introduction Fincare Small Finance Bank (SFB) has emerged as a formidable player in India's financial landscape, focusing on providing financial services to the unbanked and underbanked, especially in rural and semi-urban areas. The bank's innovative approach and strategic initiatives have contributed to its robust performance, with the Fincare Small Finance Bank share price reflecting this success. This article delves into the factors driving the bank's share price, its upcoming IPO, and investment opportunities related to its pre-IPO and unlisted shares.

The Rise of Fincare Small Finance Bank Founded in 2017, Fincare SFB was born out of the transformation of two NBFC-MFIs, Disha Microfin and Future Financial Services, into a small finance bank. The bank’s mission is to bridge the financial inclusion gap by providing accessible and affordable banking services to the underserved. Its digital-first approach has played a crucial role in reaching remote areas and offering seamless banking experiences. The bank operates through three primary segments: Treasury, Corporate/Wholesale Banking, and Retail Banking.

Performance of Fincare Small Finance Bank Share Price The Fincare Small Finance Bank share price has witnessed significant growth, driven by the bank’s consistent financial performance and strategic initiatives. The bank's focus on expanding its reach and enhancing its digital infrastructure has paid off, resulting in increased customer acquisition and retention. Additionally, the emphasis on lending to micro, small, and medium enterprises (MSMEs) has helped diversify the bank's revenue streams and mitigate risks.

Fincare Small Finance Bank IPO: A Key Milestone The announcement of the Fincare Small Finance Bank IPO has created a buzz in the financial markets. As one of the most anticipated events in the banking sector, the IPO is expected to attract substantial investor interest. The Fincare Small Finance Bank IPO is not just a means to raise capital; it signifies the bank's readiness to take the next step in its growth journey. The funds raised through the IPO will likely be utilized for expanding its branch network, enhancing technological capabilities, and meeting regulatory requirements.

The Role of Fincare Small Finance Bank Pre IPO Shares For investors looking to capitalize on the bank's growth potential, Fincare Small Finance Bank pre IPO shares present a lucrative opportunity. These shares are typically offered at a discount compared to the IPO price, providing an attractive entry point for early investors. Historically, pre-IPO investments in promising companies like Fincare SFB have yielded substantial returns, making them a sought-after option for savvy investors.

Understanding Fincare Small Finance Bank Unlisted Shares Fincare Small Finance Bank unlisted shares represent another investment avenue that has garnered interest. These shares are traded privately before the bank's official listing on the stock exchange. Investing in unlisted shares can be advantageous due to lower entry prices and the potential for significant appreciation post-IPO. However, it requires a thorough analysis of the bank’s financial health, market conditions, and growth prospects. Given Fincare SFB’s strong fundamentals and market positioning, its unlisted shares are an appealing option for discerning investors.

Strategic Initiatives Driving Growth Fincare Small Finance Bank’s growth strategy revolves around leveraging technology, expanding its geographical reach, and diversifying its product offerings. The bank's digital-first approach has enabled it to provide efficient banking services to customers in remote areas. By continuously investing in technology, Fincare SFB ensures it remains competitive and meets the evolving needs of its customers. Additionally, the bank has focused on offering a range of products, including savings accounts, fixed deposits, loans, and insurance, to cater to diverse customer needs.

Outlook on Fincare Small Finance Bank Upcoming IPO The Fincare Small Finance Bank upcoming IPO is poised to be a landmark event in the Indian banking sector. Market analysts predict strong investor demand, driven by the bank's impressive track record and growth potential. The IPO will provide Fincare SFB with the necessary capital to further its expansion plans and strengthen its technological infrastructure. For investors, this IPO represents a chance to be part of a success story that is still unfolding.

Conclusion Fincare Small Finance Bank has established itself as a key player in the small finance banking sector through its commitment to financial inclusion, innovative approach, and strategic growth initiatives. The Fincare Small Finance Bank share price reflects the bank's robust performance and growth prospects. With the highly anticipated Fincare Small Finance Bank IPO on the horizon, and the opportunities presented by Fincare Small Finance Bank pre IPO and unlisted shares, the bank is well-positioned for continued success.

In summary, Fincare Small Finance Bank's journey from a microfinance institution to a leading small finance bank underscores the importance of innovation, strategic vision, and a customer-centric approach. As the bank prepares for its upcoming IPO, the financial community eagerly anticipates the next chapter in its growth story. Investors and stakeholders can look forward to a future of sustained growth and profitability as Fincare Small Finance Bank continues to ride high on the terrain of success.

[arpitfy]

Learn about Signify Innovations Unlisted Shares

Signify Innovations, formerly known as Philips Lighting India, focuses on producing electric lights and light fixtures for consumers, professionals, and the Internet of Things (IoT). As a subsidiary of a Dutch multinational company established in 2016 after the spin-off of Philips' lighting division, Signify Innovations India offers an extensive array of lighting products, systems, and services for homes, businesses, and public spaces. Their product lineup includes LED bulbs, tubes, fixtures, luminaires, intelligent lighting systems, and various electrical products, along with services such as lighting design, installation, and maintenance

Read more

[planify]

Suryoday Small Finance Bank Pre IPO Review & Analysis

Suryoday Small Finance Bank IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the Suryoday Small Finance Bank IPO release date, IPO offer price, subscription, Suryoday Small Finance Bank IPO allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

Summary of Suryoday Small Finance Bank

Suryoday - ‘Sunrise’ in Sanskrit, signifies a new dawn, a new beginning and this encompasses our strong commitment to financial inclusion. In the past, as Suryoday Micro Finance and now as Suryoday Small Finance Bank.

Suryoday journey from Micro Finance to a Small Finance Bank took just eight years. Today over a million ‘smiling customers’ stand testimony to our belief that ‘no matter what, dreams, when enabled will transform mankind and create a whole new world around’.

Suryoday has among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ license from the Reserve Bank of India (RBI).

Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. Its endeavor is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. The Bank’s focus is to continue to be on ensuring the best in class ‘Customer Experience’.

As a bank, Suryoday

-         Offers its existing credit products suite of MFI loans, Vikas Loans, Shopkeeper Loans etc. to new and current customers.

-         Offers digital banking as the key account differentiator to customers using the extensive seeding of Aadhar biometric identification system, NPCI’s payment systems and mobile technologies whilst continuing to explore banking through traditional channels.

-         Focuses on the unserved and the underserved through innovative banking practices and continue to expand reach in states where it currently doesn’t has a presence

Promoters of Suryoday Small Finance Bank

Mr. Baskar Babu Ramachandran

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Mr. P Surendra Pai

-         Retired in 2002 as a Vice Chairman of Wipro Ltd.

-         Executive Chairman of Murugappa Group till 2006.

-         Independent Director of Federal Bank till 2010.

Mr. P S Jagdish

-         Director Emmjay Financial Ventures Pvt Ltd.

-         Promoter of Indo Tech Transformers Ltd.

-         Former President of Indian Transformer Manufacturers Associations.

Mr. G V Alankara

-         Director & Compliance Officer Old Bridge Capital Management.

-         Ex-Fund Manager Canara Bank Mutual Funds.

-         Ex-Head of Dealing - SSKI Securities Ltd.

Board of directors

Mr. R. Ramachandran

-         Currently Independent Director with the Gati group.

-         Ex-Chairman & Managing Director - Andhra Bank.

-         Ex-Executive Director - Syndicate Bank.

Mr. Mrutyunjay Sahoo

-         Independent Director

-         Ex-Special Chief Secretary to the Government of Andhra Pradesh.

-         Ex-Director as government nominee in Navratna and Miniratna PSUs.

Mr. Jyotin Mehta

-         Independent Director

-         Ex-GM and Company Secretary of ICICI Bank Ltd.

-         Ex- Chief Internal Auditor of Voltas Ltd. Currently Director with ICICI Prudential Trust, Monnet Ispat & Energy and some companies of the ASK group.

Ms. Meena Hemchandra

-         Independent Director

-         Retired Executive Director of Reserve Bank of India having over 35 years of experience spread over various departments. Has been CGM-in-charge of the Mumbai Region of the Department of Supervision, RBI , has chaired the ‘Standing Committee on Cyber Security in Banks’ and overseen the issue of cyber security guidelines from the RBI. An MA (Economics), CAIIB and CFA by qualification, she has academic and Board- level experience having been on the Board of several Bank Boards.

Mr. Arun Diaz

-         Independent Director

-         Post 28 years of world-wide assignments with Standard Chartered Bank, he is now a Consultant in Banking and an entrepreneur in the healthcare sector involved in Venture Capital. An MBA from XLRI, he mentors new and upcoming entrepreneurs.

Mr. Ranjt Shah

-         Nominee Director

-         Over 36 years of varied experience, including thirteen years as a private equity investor.

-         Managing Partner and Co-Founder of Gaja Capital leading investments in the consumer, financial services and infrastructure ancillary sectors.

Mr. Aleem Remtula

-         Nominee Director

-         Has over 15 years of experience in impact investing with socially-responsible, venture capital and private equity funds in the U.S. and Europe and is a Economics graduate from Princeton University and also an MBA from Harvard Business School. He is currently Managing Director at Developing World Markets, a U.S.-based impact investment manager and manages the firm’s private equity investments across Asia, the Caucasus, and East and South Africa. Aleem also serves on the board of the Aga Khan Foundation, USA and consults on financial access strategies and products for the poor and ultra-poor across multiple countries.

Mr. Baskar Babu Ramachandran

-         MD & CEO

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Key Institutional Investors:

-         HDFC

-         HDFC Life

-         IDFC First Bank

-         Kotak Life

Industry Overview:

-         The Indian Banking structure has undergone appropriate transformation with the formation of a new banking institution – Small Finance Banks (SFBs).

-         These SFBs are expected to penetrate Rural India and help achieve financial inclusion by providing basic Banking and Credit services to a larger population.

-         SFBs also work as institutionalized systems to undertake deposits, which enables them to access low-cost funds as compared to NBFCs.

-         The loan portfolio of SFBs is expected to grow at 25-30% with share of microfinance declining to around 40% by March 2020, according to a report by rating agency ICRA.

Suryoday Small Finance Bank IPO Allotment Status, Subscription, Price, Date & More.

Suryoday Small Finance Bank IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify View Over Suryoday Small Finance Bank:

-         We at Planify believe, after considering the bank’s financials and capital structure, that the bank is going to be a safe bet and it could grow exponentially in the coming years. After analyzing all the aspects we would give the bank a rating of 4 out of 5.

Want to buy Suryoday Small Finance Bank Unlisted Shares? Come right to us!

-         Mail Us On - help@planify.in

-         Or Call Us On - (+91) 706-556-0002

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