@AlliesFin

Interesting story of Fevicol Man Of India

Peon to Multimillionaire!!

Meet the man who built Fevicol into a 12,000 CR business.

1. Balwant Parekh studied law but never wanted to practice it. However, living in Mumbai without a job was getting tough for him.

2. So, Balwant started working in a paper dyeing factory and then as a peon in a wood trader's office. Since he did not have a home, he used to sleep in a factory warehouse with his wife. Balwant had nothing but a big dream - He wanted to do business. 🙌

3. He started importing the product he knew the best - paper dyes from Western nations. Unfortunately, the business could not survive without money. Balwant was jobless once again.

4. Later, Balwant joined a German chemicals company - Fedco. But Fedco went out of business. Balwant was not going down again. He started Parekh Dychem Lite Industries( PD)Lite with his brother to sell chemical speciality products in India.

5. When P.D. Lite was looking for its first product, Balwant saw it like a hawk. Being a wood carpenter, he knew the adhesive used was not very strong. Moreover, it used Animal parts.

6. Balwant saw the massive gap and introduced the first "Vegetarian glue" into India, made 100% with synthetic resins. He decided to merge the name of his previous company - Fedco and Col, meaning Glue in German. Fevicol was born in 1959. 🚀

7. 80% of glue users were Carpenters. So, he directly approached and created a community called "Fevicol Champions Club". The community not only educated carpenters about the product but also created a network where they could learn, grow, and support each other.

8. With carpenters, Fevicol ate the market entirely. Within 20 years, Fevicol had taken up an unbelievable 70% market share. It served 1 of every 2nd carpenter in the country. 🤯

9. By 1993, PD Lite went to IPO on the Bombay Stock Exchange. Everything was going well, but Balwant was not happy. 🤔

10. He wanted Fevicol to be not just a tool for carpenters but for the masses. Fevicol launched the “Dum lagake haisha” ad in 1989, followed by the likes of “Fevicol ka mazboot jo hai, tootega nahi”. Fevicol became a monopoly with a staggering 90% market share. 🤯

11. To add to the flavour, Balwant even changed the Fevicol logo to two elephants joined by the unbreakable bond of Fevicol. Fevicol started coming in 30 gm tubes for customers and became a National symbol for unity and strength. ✅

12. By 2006, Fevicol was in 71 countries. Balwant also launched successful brands like M-Seal and Dr Fixit. As a result, Balwant's P.D Lite Industries became a 2000 CR + group.

➡️Today, Pidilite is a 12,000 CR + company. Starting as a peon, Balwant came 45th on Forbes Asia's Richest Indians.

Balwant is no more. But he will always be remembered as " The Fevciol Man of India." 🇮🇳

Weekend Read...
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📢 Upcoming Mainboard IPOs

@AlliesFin

RBZ Jewellers
Motions Jewellers
Doms Industries
Jana Small Finance Bank
FinCare MicroFinance
Muthoot MicroFinance
Happy Forging Ltd
Enviro infra engineers
Innova Captab
Gopal Snacks

Tentative
*IPO Allotment Date*
✍🏻
1) Tata Techno:- 28th November
2) Gandhar Oil:- 28th November
3) IREDA:- 25th November
4) Fed Bank fin:- 28th November
5) Flair writing:- 28th November

📊
*IPO Listing Date*

1) Tata Techno:- 30th November
2) Gandhar Oil:- 30th November
3) IREDA:- 29th November
4) Fed Bank fin:- 30th November
5) Flair writing:- 30th November

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Ireda allotment is out https://linkintime.co.in/mipo/ipoallotment.html

🤝

TCS Buyback Schedule Announced

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Retail Entitlement Ratio : 09 Shares against 55 Share (16.79%)

Buyback Dates : 01 - 07 December

Date of Receipt of Payment / Settlement of Bids : 10dec - 14dec

Acceptance expected near 40%.

TCS Buyback Update :

People getting mails about Buyback.
9 Share out of 55 Entitle for Buyback
8 share out of 53 Entitle for Buyback

First Understand Difference between Entitlement Ratio & Acceptance Ratio 👇

Entitlement is the Minimum Shares Company will Buyback (16%).

Acceptance Ratio you will get only when whole Buyback process will start. ( Nearby 20-30%).

So when you are bidding for buyback then apply all shares you bought before 24th November. Don't get confuse with Entitlement shares.

Bidding Process will start from 1st Dec to 7th Dec : Many Broker platform will show you bidding process, So bid in that & Bid for all shares you bought before 24th Nov.

@ALLIESFIN

BSE listed cos total market cap hits $4t

🇮🇳

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*3 IPO LISTING ON 30th NOV 2023*

*Listing of Equity Shares of Gandhar Oil Refinery (India) Limited*



Bse Code 544029

Nse Symbol GANDHAR

ISIN INE717W01049

ISSUE PRICE - 169/-


*Listing of Equity Shares of Tata Technologies Limited*


Bse Code 544028

Nse Symbol TATATECH

ISIN INE142M01025

ISSUE PRICE - 500/-

*Listing of Equity Shares of Fedbank Financial Services Limited*


Bse Code 544027

Nse Symbol FEDFINA

ISIN INE007N01010

ISSUE PRICE - 140/-

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*Economic Calendar - 30.11.2023 :*

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*TENT : OPEC JMMC Meeting*

*TENT : Outcome of Indian State Elections’ Exit Polls*

*07:00 : CHINA Manufacturing PMI (Expected: 49.8 versus Previous: 49.5)*

*15:30 : EURO CPI Flash Estimate y/y (Expected: 2.7% versus Previous: 2.9%)*

*17:30 : INDIA GDP Growth Rate y/y (Expected: 6.8% versus Previous: 7.8%)*

*17:30 : INDIA Infrastructure Output y/y (Expected: 9.5% versus Previous: 8.1%)*

*19:00 : U.S. Core PCE Price Index m/m (Expected: 0.2% versus Previous: 0.3%)*

*19:00 : U.S. Unemployment Claims (Expected: 219k versus Previous: 209k)*

*19:00 : EURO ECB President Lagarde Speaks*

*20:30 : U.S. Pending Home Sales m/m (Expected: -1.9% versus Previous: 1.1%)*

*FORWARDED AS RECEIVED.....*

🇮🇳Bharat Daybook Stocks in News

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*Nykaa:* FootLocker to enter India in 2024 with license partners Metro Brands and Nykaa. (Positive)

*JSW Infra:* Subsidiary Masad Infra Services enters into a concessional agreement with Karnataka Maritime Board, Government of Karnataka (Positive)

*PCBL:* Company signs JV with Australian co Kinaltek, to own 51% of the shareholding in the JV (Positive)

*SBI Life:* Shareholders approve appointment of Amit Jhingran as MD & CEO. (Positive)

*Karur Vysya Bank:* The RBI has given its approval to SBI Mutual Fund for acquiring aggregate holding of up to 9.99 percent in the bank (Positive)

*Welspun Speciality:* Received orders for worth Rs 15.87 crore for supply of duplex drade seamless tubes. (Positive)

*UltraTech Cement:* Company acquires 0.54 MTPA cement grinding assets of Burnpur Cement for Rs 169.8 cr (Neutral)

*LIC:* Company launches Jeevan Utsav guaranteed return product (Neutral)

*Satin Credit:* Board meet today to consider fund raising proposal via NCDs (Neutral)

*Peninsula:* Board meet today to consider fund raising proposal via NCDs/ Equity/ Warrants (Neutral)

*Vascon:* Board meet today to consider fund raising proposal via QIP/ Preferential issue (Neutral)

*SIS:* Board meet today to consider Buy back proposal (Neutral)

*REC:* Board meet today to consider borrowing programme for FY24 (Neutral)

*Jyoti Structure:* Board meet today to consider right issue of shares (Neutral)

*Kesoram:* Board meet today to consider repayment of NCDs (Neutral)

*Orchid Pharma:* Promoter Dhanuka Laboratories sold 13 lakh equity shares (Neutral)

*Texrail:* SOCIETE GENERALE sold 22 lakh shares at Rs 140/Sh. (Neutral)

*Jupiter Wagons:* Company launched Rs 500 crore QIP, floor price set at Rs 315. (Neutral)

*GNFC:* Share buyback programme will open on 1 December (Neutral)

*Man Infraconstruction:* Board approves fund raising up to Rs 550 crore via preferential issue (Neutral)

*Zomato:* Alipay Singapore Holding Pte Ltd exited the food delivery giant by selling its entire shareholding of 3.44 percent (Neutral)

*Bank of Baroda:* Bank will float 10-year bonds worth ₹5,000 crore on 30 November. (Neutral)

*Thomas Cook:* OFS on Nov 30 & December 1, 2023. Floor price fixed at Rs 125/Sh versus close Rs 158.4/Share.

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 01-12-2023 :

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*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -7285* 😭😭

*INDEX FUT. : +702*

*INDEX OPT. : -12151*

*STOCK FUT. : +4682*

*STOCK OPT. : -519*

*SEC. IN F&O BAN FOR, 04-DEC-23*

*1. DELTACORP*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 01-DEC-2023 :*

*FIIS : BUY +1,589 (10,522-8,933)* 😃

*DIIS : BUY +1,448 (11,173-9,725)* 😃

*BSE SENSEX : +493 (67,481)🔼*

*NSE NIFTY : +135 (20,268)*🔼

*BSE MIDCAP. : +330 (34,586)*🔼

*BSE SMLCAP. : +194 (40,566)*🔼

*B. CRUDE : $ 80.92* 🔽 😃

*GOLD: $ 2,043=INR 64,100(10gr)*🔽 ☺️

*SILVER : RS. 79,800 (kg)(5pm)*🔼🙂

*FOREX : RS. $ 83.29 🔼 🙂*

*7.26%GOI '33: 7.3366%(99.48)🔼☺️*

*7.18%NEW '33: 7.2899%(99.23)🔼☺️*

*7.18%GOI '37: 7.4254% (97.9050)🔼☺️*

@AlliesFin

Current situation:

1. Stocks are up like we're in a bull market

2. Gold is up like we're heading into a recession

3. Oil prices are up like the recession got cancelled

4. Bonds are up like inflation is back below 2%

5. Home prices are up like inflation is still at 10%

Everything is up for the right\wrong reasons ?

For updates
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@AlliesFin

BJP

SEATS WON

MADHYAPRADESH: 163
RAJASTHAN : 115
CHHATTISGARH: 54
TELANGANA: 8

TOTAL : 340 seats

NIFTY UP : 340 POINTS

#Nifty #electionresults2023

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CO INCIDENCE ?

Jai Ho OPERATORS / PUNTERS / MARKET MAKERS 😍

@AlliesFin
GS || PLI Tracker: Latest progress update shows delays and shortfalls

As a push for the “#MakeinIndia” (#MII) initiative, the Government of #India proposed Production Linked Incentive (PLI) schemes for 14 sectors during FY21, at a proposed incentive outlay of $33bn (or Rs2,640bn) over the next 5-6 years (equivalent to 1.4% ofFY22 government expenditure).

The government estimates that this boost to capex around the country under the PLI program has the potential to create ~1.5mn direct and~5mn indirect jobs — implying ~6% incremental manufacturing jobs and 1.2% incremental jobs in the entire economy.

We conducted a deep-dive analysis on each #PLI in a series of 3 reports earlier this year where we concluded that if fully implemented, PLI schemes’ direct impact on the trade deficit (~6% lower), incremental revenue (US$455bn), incremental capex (US$58bn, 21% of #BSE500 private #capex), and annual credit (US$23bn, 6% higher industrial credit) could be meaningful — with upside from ‘second order’ impact from component ecosystem capex, infrastructure build, and higher employment.

Above are the latest updates of the PLI scheme and ‘Make in India’ initiative.

Comment : Post Elections Things may Rework and catch up again.
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