Sorry, a dumb question as I am applying for an SME IPO for the first time.
ICICI bank website shows this under IPO ASBA section. If I choose my ICICIdrect DP account while applying there, will the stocks later show in my icicidirect account and I can sell from there?
Yes..it will go to your DEMAT with ICICI direct. They dont support online selling of SME shares so you need to call their customer care to put off line selling order on phone.
On performance front, the company’s income from operations was Rs 5619.44 lakh which is about 99.88% of its total revenue. For the period of nine month ended December 31, 2016. The company’s net profit stood at Rs 393.97 lakh which is 7% of total revenue for the same period. The operating income of the company for the year ending March 31, 2016 is Rs 6473.33 lakh as compared to Rs 5646.34 lakh for the year ending March 31, 2015, showing increase of 14.65%. The increase was due to increase in its business operations. Moreover, the profit after tax increased from Rs 426.03 lakh in FY15 to Rs 518.57 lakh in FY16, on the back of increase in business operations. The company’s product portfolio is primarily focused on offering differentiated products and register innovative formulations. It intends to continue to grow its sales in Kenya, Utopia, Myanmar, Sri Lanka, Georgia, Tanzania, etc. by aggressively registering its remaining products in these markets. Moreover, the company has introduced many generic products in the market. For further expansion, it has entered into marketing alliance agreement with the Astra-IDL. As per this agreement the company uses the brand name Astra-IDL which has large market for generic drug; and thereby will elevate it further up the value chain. TAKEN FROM AUM CAPITAL
We at Jainam Wealth recommend our investors to “SUBSCRIBE†to the Zota Health Care Ltd. IPO. We like the company on the basis of strong promoters with more than 45 years of experience, sound business in terms of 21 marketing division, 3000 products, 1000 distributors, strong export markets, 6 patented for 20 years and more than 10 patents in pipeline, robust financial and strong return ratio such as revenue grown at 11% CAGR in last 5 years, ROCE (%) is 35.62% in FY16, RONW (%) is 24.05% in FY16.
Sir please give proper advise for zota healthcare issue i do want 4 application i applied 1 app in obc bank in Asba bloked amount obc but no any blocked amount messege of bid datils from bank or company