These are 5 pharma stocks that have been recommended by brokerage firm Sharekhan to buy for good returns.
Aurobindo Pharma (ARV)
Maintaining a Buy rating for Aurobindo Pharma (ARV), with a Target Price of Rs. 875, Sharekhan estimates an upside of 33%. However, Sharekhan revised earnings estimates for ARV down by around 5% for both FY22E and FY23E.
Cipla
Maintaining a Buy rating for Cipla, with a Target Price of Rs. 1,150, Sharekhan estimates an upside of 28%. the company reported a strong Q2FY22 report, and the brokerage firm is expecting healthy results for FY2022E and FY2023E.
Cadila Healthcare
Maintaining a Buy rating for Cadila Healthcare, with a Target Price of Rs. 720, Sharekhan estimates an upside of 57%. the company also reported a healthy report for the Q2FY22, and Sharekhan is estimating a similar growth in the upcoming days.
Ipca Laboratories
Maintaining a Buy rating for Ipca Laboratories, with a Target Price of Rs. 2,675, Sharekhan estimates an upside of 30%. However, the management is expecting near-term challenges for the company's API business, along with possibilities of a rise in raw material and logistics prices. Sharekhan has downgraded the company's estimates for FY22E to FY24E by 4%-7%.
Lupin
Maintaining a Buy rating for Lupin, with a Target Price of Rs. 1,210, Sharekhan estimates an upside of 35%. The Q2FY22 results of the company have fallen marginally due to escalating raw material prices. The brokerage firm has revised down the company's estimates by 8-10% for FY22E/FY23E.
Source - Goodreturns.in
Disclaimer-
Investing in stocks is risky and investors need to be cautious. Neither Brokerage nor the author would be responsible for any losses incurred based on decisions made from the article. Please consult a professional advisor and avoid investing lumpsum amounts.
Tega Industries IPO to hit the market onDecember 01and will close on December 03, 2021. Tega Industries IPO toraise around Rs.619 crores via IPO that comprises fresh issue of Rs.- crores and offer for sale up to 13,669,478 equity shares of Rs.10 each. Theretail quota is 35% with QIB 50% and HNI 15%.
Tega Industries Limited is a leading manufacturer of specialized 'critical to operate' and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Globally, we are the second largest producers of polymer-based mill liners. Their portfolio comprises more than 55 mineral processing and material handling products. The company has 6 manufacturing units, 3 in India and 3 Globally in Chile, South Africa, and Australia. They have strong presence in around 70 countries.
TegaIPO Details
Subscription Dates
1 – 3 December 2021
Price Band
INR443 – 453 per share
Fresh issue
NIL
Offer For Sale
13,669,478 shares (INR605.56 – 619.23 crore)
Total IPO size
13,669,478 shares (INR605.56 – 619.23 crore)
Minimum bid (lot size)
33 shares (INR14,949)
Face Value
INR10 per share
Retail Allocation
35%
Listing On
NSE, BSE
Tega Industries IPO Market Lot
The Tega Industries IPO minimum market lot is 33 shares with Rs.14,949 application amount. The retail investors can apply up-to 13 lots, 429 shares with Rs.194,337 application amount.
Tega Industries IPO Date, Time Table, Allotment & Listing
The Tega Industries IPO date is 01 December 2021 and the IPO close date is 03 December 2021. The allotment date is 08 December 2021 and the IPO may list on 13 December 2021.
Rakesh Jhunjhunwala backed Star Health Insurance IPO date is fixed, The IPO is to hit the market on November 30, 2021. Star Health Insurance IPO to raise Rs. 7249 crores via IPO that comprises fresh issue of Rs. 2000 crore and offer for sale up to 58,324,225 equity shares of Rs.10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Star Health & Allied Ins Co Ltd aka Star Health Insurance is a stand-alone health insurer provider licensed by IRDA. The company started its operations in 2006 as India’s first Standalone Health Insurance provider. They provide services in Health, Personal Accident and Overseas Travel Insurance, etc. They cater to individuals, families, and corporate as well as work directly with various channels, agents, brokers, and online platforms. They have the largest health insurance hospital networks in India with over 11000 hospitals. The company has over 12800 employees and over 640 branches in India. Check out Star Health Insurance IPO details.
Important Details:
The company is backed by Rakesh Jhunjhunwala.
One of the largest health insurance companies in India.
Largest health insurance network in India.
Star Health reported a huge loss in 2021 due to Covid-19.
Star Health IPO Details
Subscription Dates
30 November – 2 December 2021
Price Band
INR870 – 900 per share
Fresh issue
INR2,000 crore
Offer For Sale
58,324,225 shares (INR5,074.21 – 5,249.18 crore)
Total IPO size
INR7,074.21 – 7,249.18 crore
Minimum bid (lot size)
16 shares
Face Value
INR10 per share
Retail Allocation
10%
Listing On
NSE, BSE
Star Health Insurance IPO Market Lot
The Star Health Insurance IPO minimum market lot is 16 shares with Rs. 14,400 application amount. The retail investors can apply up-to 13 lots, 208 shares with Rs. 187,200 application amount.
Star Health Insurance IPO Date, Time Table, Allotment & Listing
The Star Health Insurance IPO date is 30 November 2021 and the IPO close date is 02 December 2021. The allotment date is 07 December 2021 and the IPO may list on 10 December 2021.
Price Band Announcement:
23 November 2021
Anchor Investors Allotment:
29 November 2021
IPO Open Date:
30 November 2021
IPO Close Date:
02 December 2021
Basis of Allotment:
07 December 2021
Refunds:
08 December 2021
Credit to Demat Account:
09 December 2021
IPO Listing Date:
10 December 2021
Star Health Insurance Company Financial Report
Rs. in Crores
Revenue
Expense
PAT
2019
Rs. 226
Rs. 44
Rs. 128
2020
Rs. 462
Rs. 49
Rs. 268
2021
-Rs. 908
Rs. 138
-Rs. 826
Company Promoters
SAFECROP INVESTMENTS INDIA LLP
WESTBRIDGE AIF I
RAKESH JHUNJHUNWALA
Star Health Insurance IPO Registrar
KFin Technologies Private Limited Selenium, Tower, B, Plot No - 31 and 32 Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareedi 500 032, Telangana, India Tel:+91 40 6716 2222/ 180034 54001 E-mail: starhealth.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221
Star Health and Allied Insurance Co Ltd Registered Office: No 1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai 600034 Ph: 044-28288800 Fax: 044-28260062 Email: info@starhealth.in Website: www.starhealth.in
Go Fashion IPO date fixed, the IPO to hit the market on November 17, 2021. Go Fashion IPO to raise Rs.1014 crores via IPO that comprises fresh issue of Rs.125 crores and offer for sale up-to 12,878,389 equity shares of Rs.10 each. The retail quota is 10% with QIB 75% and HNI 15%.
Go Fashion (India) Limited is a designer, marketer and retailer of womens bottom wear. They are known as 'category creator' with their specialty in bottom wear. The company selling their products via brand name "Go Colors". The bottom wear product range includes including churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear, western wear, fusion wear, athleisure, denims, plus sizes and girls wear making our portfolio ‘universal’ and for every occasion. They cater to the all age groups of girls. Go Colors has bottom-wear in over 50 styles in more than 120 colors.
Go FashionIPO Details
Subscription Dates
17 – 22 November 2021
Price Band
Rs.655 – 690 per share
Fresh issue
Rs.125 crore
Offer For Sale
12,878,389 shares (Rs.843.53 – 888.61 crore)
Total IPO size
Rs.968.53 – 1,013.61 crore
Minimum bid (lot size)
21 shares
Face Value
INR10 per share
Retail Allocation
10%
Listing On
NSE, BSE
Go Fashion IPO Market Lot
The Go Fashion IPO minimum market lot is 21 shares with Rs.14,490 application amount. The retail investors can apply up-to 13 lots, 273 shares with Rs.188,370 application amount.
Go Fashion IPO Date, Time Table, Allotment & Listing
IPO Opening Date: 15 November 2021 IPO Closing Date: 17 November 2021 Finalisation of Basis of Allotment: 23 November 2021 Initiation of refunds: 24 November 2021 Transfer of shares to demat accounts: 25 November 2021 Listing Date: 26 November 2021
Go Fashion Financial Performance (in INR crore)
FY2019
FY2020
FY2021
Q1 FY2022
Revenue
291.0
396.8
282.3
40.3
Expenses
248.8
328.6
285.4
58.7
Net income
30.9
52.6
(3.5)
(19.0)
Margin (%)
10.6
13.3
(1.2)
(47.1)
Note:Check Tarsons Products IPO allotment status on KFintech website allotment URL. Click Here
Go Fashion India Limited Sathak Center, 5th Floor, New No. 4, Old No. 144/2, Nungambakkam High Road, Chennai, Tamil Nadu 600 034 Phone: +91 44 4211 1777 Email: companysecretary@gocolors.com Website: www.gocolors.com
Tarsons Products IPO date fixed, the IPO to hit the market on November 15, 2021. Tarsons Products IPO to raise Rs.1024 crores via IPO that comprises fresh issue of Rs.150 crores and offer for sale up-to Rs.13,200,000 equity shares of Rs.2 each. The retail quota is 35% with QIB 50% and HNI 15%.
arsons Products has more than three decades of experience in the science labware and plastic labware industry. They are leader in production and supply of laboratory plastic ware for use within molecular biology, cell culture, genomics, proteomics and immunology in India. The product range includes isposable plastic labware, centrifuge ware, cryo labware, liquid handling system and instruments. With sound knowledge and expertise in plastic moulding the provide customized products as per the laboratory needs. Tarsons supply their products to healthcare, pharmaceutical, biotech, food and environment sectors globally.
Tarsons Products IPO offer details
Subscription Dates
15 – 17 November 2021
Price Band
INR635 – 662 per share
Fresh issue
INR150 crores
Offer For Sale
13,200,000 shares (INR838.2 – 873.84 crore)
Total IPO size
INR988.2 – 1,023.84 crore
Minimum bid (lot size)
22 shares
Face Value
INR2 per share
Retail Allocation
35%
Listing On
NSE, BSE
Tarsons Products IPO Market Lot
The Tarsons Products IPO minimum market lot is 22 shares with Rs.14,564 application amount. The retail investors can apply up-to 13 lots, 286 shares with Rs.189,332 application amount.
Minimum Lot Size: Minimum 22 Shares for 1 lot
Minimum Amount: Rs.14,564 for 1 lot
Maximum Lot Size: Maximum 286 Shares for 13 lot
Maximum Amount:Rs.189,332 for 13 lot
Listing Performance of Tarsons Products
IPO Opening Date: 15 November 2021 IPO Closing Date: 17 November 2021 Finalisation of Basis of Allotment: 23 November 2021 Initiation of refunds: 24 November 2021 Transfer of shares to demat accounts: 25 November 2021 Listing Date: 26 November 2021
Tarsons Products’ Financial Performance (in INR crore)
FY2019
FY2020
FY2021
Q1 FY2022
Revenue
184.7
180.0
234.3
71.1
Expenses
128.9
126.9
141.9
37.8
Net income
39.0
40.5
68.9
24.8
Margin (%)
21.1
22.5
29.4
34.9
Company Promoters
Sanjive Sehgal
Rohan Sehgal
Tarsons Products IPO Registrar
KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Selenium Tower-B, Plot 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana 500032, India Tel: (91 40) 6716 2222, 1800 309 4001 E-mail: tarsonsproducts.ipo@kfintech.com Investor Grievance e-mail: Einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M. Murali Krishna SEBI Registration Number: INR000000221
Tarsons Products Limited Martin Burn Buisness Park, Room No. 902 BP- 3, Salt Lake, Sector- V, Kolkata 700091, West Bengal, India Tel: +91 33 3522 0300 Website: www.tarsons.com Contact Person: Piyush Khater Company Secretary and Compliance Officer E-mail: piyush@tarsons.in
