Sebi eases fundraising norms for REITs, InvITs - News By Money Maker Research

The SEBI has revised rules governing real estate investments trusts (REITs) and infrastructure investment trusts (InvITs), permitting them to raise funds through debt securities and single-asset REITs to help boost the financial instruments.  

Since three years, there were only two InvITs have listed on the stock exchanges viz. IRB InvIT Fund and India grid Trust. It was earlier reported by mint news that although no REIT has been issued yet, the Embassy Office Parks REIT becoming the first realty trust in the country to be registered with the Sebi.

As per Sebi statement, REITs and InvITs listed on national stock exchanges will be allowed to issue debt via debt securities.

Presently the REITs & InvITs are permitted to raise funds via External Commercial Borrowings (ECB) having bind with end-use restrictions.

Permitting REITs to lend to holding companies will result in efficient fund flows, and the regulator also proposes to allow REITs with 50 – 50 percent shareholding. The current norm requires a REIT to have a holding company with a 51 percent stake.

Gujarat Alkalies & Chemicals Share Updates and trading Ideas for Tomorrow ( 18 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in GUJRAT ALKALIES.

“GUJRAT ALKALIES is the stock which I would suggest to buy above Rs 523; this can see upside to levels closer to Rs 543-545 zones, keep stop loss below Rs 493”.

Stock is trading at 1.06 times its book value & Price has been relatively flat with a change of 1.71% while Vol has risen by 58.64% (Vol compared with 5 day avg vol till 03.30PM).

Stock has been gaining for the last 2 days and has risen 6.37% in the period & Outperformed Sector by 0.99%.

GUJRAT ALKALIES was closed 1.71 percent up today at Rs 506.95 at NSE.

Dixon Technologies Made a Strong Debut on the Exchanges - News by Money Maker

Dixon Technologies (India) Limited have made a strong emergence on the Exchanges by listing at Rs 2,725, a 54 percent premium against its IPO price of Rs 1,766 per share on the NSE and BSE.

The stock respectively hit a high of Rs 2,908 and Rs 2,899 on BSE and NSE after few minutes of its listing. It was trading at Rs 2,837, a 61 percent over its offer price.

Dixon Technologies raised Rs 600 crore though IPO, which has got stellar response from the all group of investors. The issue was over-subscribed 118 times, got bids for 280 million shares against the total issue size of 2.38 million shares.

It is stated that Dixon Technologies would carry on reporting higher revenue and growth in margins owing to its presence in high growth segments, experienced management and growing share of ODM segment. The company has registered return on capital of an enormous 33.3 percent in FY 2017. Moreover, the company has been building up positive cash flow from operations over the last five years and negligible debt post IPO.