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Deal Flow – 12/02: Goldman Sachs and Nomura mop up Teamlease Services, Nordea continues to dump Justdial, Ricky Ishwardas Kirpalani sells Kakatiya Cement Sugar & Industries and Franklin Templeton Mutual Fund sells NRB Bearings

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense.

A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal.

Deal_Flow_12_February_2016

Justdial

Justdial is an Indian company providing pan-India search services via the Phone, Web, Mobile and SMS. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by Email or SMS.

JustDial_SharePrice

Nordea Emerging Market Equity Fund sold 697,258 shares or 1%. This is in addition to the 1.08% sold yesterday.


Kakatiya Cement Sugar & Industries

Kakatiya Cement Sugar & Industries Limited (KCSIL) earlier known as Kakatiya Cements Limited (KCL) manufactured Ordinary Portland Cement. The installed capacity of the Cement Division of the Company was increased over the period from the initial 66K TPA to 1.98L TPA to 2.97L TPA at present, whereas that of the Sugar Division is increased from 2500 TCD to 3200 TCD at present. The cement plant of the Company is located in Nalgonda District of Andhra Pradesh, whereas the sugar and power plants are located in Khammam District.

Kakatiya Cement’s construction units specialize in highway paving, bridges, airports and parking lots, as well as municipal and infrastructure work.

Kakatiya_Chart

The company announced its Q3 results yesterday:

  • Income from Operations stood at 828.7cr compared to 362cr a year ago.
  • Net Profit stood at 117.4cr compared to 48.0cr a year ago.
  • EPS stood at 15.11 compared to 6.06 a year ago.

Ricky Ishwardas Kirpalani aka Big Whale sold 57,316 shares or 0.88%. This is one of his long term held stock for over 3 years now.

A well-known Investor in the Indian Equity Markets. Ricky Ishwardas Kirpalani is one of the Investor Billionaires who has made it big by only investing in companies. His most notable holding is in Nalwal Sons Investments (It’s the company from one of the largest group in India and the core investment company that holds stocks like JSW Steel, Jindal Steel and Power Limited (JSPL), JSW Energy, Jindal Saw, among others).


NRB Bearings

NRB is India’s largest needle and cylindrical roller bearings producer headquartered in Mumbai. Its manufacturing facilities in India and Thailand produce needle roller bearings, cylindrical roller bearings, tapered roller bearings, special ball bearings and other friction solutions such as planetary shafts and pins.

The company set up a state of the art engineering and design centre at Thane in 2000. Today the facility has testing, validation and benchmarking capabilities. Over 90% of vehicles on Indian roads run on NRB parts.

NRB_Bearings_Chart

Franklin Templeton Mutual Fund sold 528,732 shares or 0.55%. As of January end, Franklin Templeton held 1,008,732 shares or 1.04% and with this sale, its stake is now reduced to 480,000 shares or 0.49%.


Teamlease Services

India’s leading providers of human resource services in the organized segment. The employment services include temporary staffing solutions, permanent recruitment services and regulatory consultancy for labour law compliance; our employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.

TeamLease_Chart

Hot of its listing today, the company closed at a price of Rs. 1022.85/- (a premium of Rs. 172.85/- or 20.00%).

TeamLease_Statistics

Chetan Rasiklal Shah purchased 10,487 shares or 0.06%

Goldman Sachs India Fund which already holds 189,924 shares or 1.11% (Part of this i.e. 159,036 shares or 83.74% of the holding are Locked in shares) purchased an additional 237,182 shares or 1.39% bringing its total holding to 427,106 shares or 2.50%

Nomura India Investment Fund Mother Fund purchased 513,157 shares or 3%

Shareholding at the time of listing:

TeamLease_Shareholding_1

TeamLease_Shareholding_2

Here is some more information about the IPO (extracted from the Prospectus)

Sellers of the Issue

GCIF, GAPL, GIL, IAF and HROV, and together referred to as the Selling Shareholders. GCIF, GAPL and GIL, together referred to as the Gaja Selling Shareholders.

Selling Units

The offer for sale of up to 275,977 Equity
Shares by GCIF, up to 76,660 Equity Shares by GAPL, up to 1,180,569 Equity Shares by GIL, up to 1,533,206 Equity Shares by IAF and up to 153,321 Equity Shares by HROV. The Net Offer shall constitute at least 25% of the fully diluted post-Offer paid-up capital of our Company.

Utilize the proceeds

To utilize 250 million from our Net Proceeds towards undertaking an acquisition.


Check out the Deal Flow for the other days:

Deal Flow – 11/02: Nordea follows SBI Life Insurance and exits Justdial

Deal Flow – 10/02: Big Whale Ashish Dhawan founded ChrysCapital buys Hindustan Media Ventures and Nordea Mutual Fund buys Reliance Infrastructure

Deal Flow – 09/02: SBI Life Insurance exits (Sequoia, Nalanda, Fidelity, SAIF Partners backed) Justdial

Deal Flow – 08/02: Decent Financial Services sells Cantabil Retail India, Ashoka PTE sells Heidelberg Cement to First State Investments, Anvil Fin Trade sells Precision Camshafts and IntraSoft Technologies gets traded

Deal Flow – 05/02: Stichting Pensioen Fonds ABP sells Crompton Greaves and Dhwaja Shares & Securities sells Ucal Fuel Systems

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion. 

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