Upload
others
View
12
Download
0
Embed Size (px)
Citation preview
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
Research Analyst
Monthly Corporate Action Tracker
Dossier of key corporate actions in February, 2021
Raj Deepak Singh Bharat Chhoda Cheragh Sidhwa
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
2
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
3
Companies likely to pay dividend in February 2021
Announced dividend Announced dividend
Source: Capitaline, ICICI Direct Research.
Company Dividend Face value Dividend Dividend Yield Ex-date
(%) (|) (|/share) (%)
Coromandel Inter 600.0 1.0 6.0 0.8 10-02-2021
P & G Hygiene 850.0 10.00 85.0 0.7 10-02-2021
Manappuram Fin. 32.5 2.00 0.7 0.4 10-02-2021
Subex 10.0 5.00 0.5 2.0 10-02-2021
Transport Corp. 60.0 2.00 1.2 0.5 10-02-2021
K P R Mill Ltd 75.0 5.00 3.8 0.4 10-02-2021
Carborundum Uni. 150.0 1.00 1.5 0.3 11-02-2021
Hil Ltd 150.0 10.00 15.0 0.5 11-02-2021
Gillette India 330.0 10.00 33.0 0.6 11-02-2021
Balrampur Chini 250.0 1.00 2.5 1.6 11-02-2021
P I Industries 300.0 1.00 3.0 0.1 11-02-2021
Apcotex Industri 75.0 2.00 1.5 0.8 11-02-2021
Control Print 40.0 10.00 4.0 1.7 11-02-2021
Indo Amines 5.0 10.00 0.5 0.6 11-02-2021
Modison Metals 150.0 1.00 1.5 3.3 11-02-2021
NTPC 30.0 10.00 3.0 3.0 11-02-2021
PNB Gilts 40.0 10.00 4.0 7.1 11-02-2021
Company Dividend Face value Dividend Dividend Yield Ex-date
(%) (|) (|/share) (%)
Alkem Lab 1250.0 2.00 25.0 0.9 11-02-2021
BLS Internat. 25.0 1.00 0.3 0.2 11-02-2021
Equitas Holdings 20.0 10.00 2.0 2.4 11-02-2021
Bajaj Consumer 600.0 1.00 6.0 2.3 11-02-2021
IIFL Wealth Mgt 1500.0 2.00 30.0 2.6 11-02-2021
Saurashtra Cem. 10.0 10.00 1.0 1.7 12-02-2021
Alkyl Amines 200.0 5.00 10.0 0.2 12-02-2021
Cantabil Retail 10.0 10.00 1.0 0.3 12-02-2021
Hero Motocorp 250.0 2.00 5.0 0.1 15/02/2021
Hero Motocorp 3250.0 2.00 65.0 1.9 15/02/2021
Hikal 50.0 2.00 1.0 0.6 15/02/2021
Minda Industries 17.5 2.00 0.4 0.1 15/02/2021
Minda Corp 15.0 2.00 0.3 0.3 15/02/2021
Acrysil 40.0 2.00 0.8 0.4 16/02/2021
GPT Infraproject 15.0 10.00 1.5 3.4 16/02/2021
Gulf Oil Lubric. 350.0 2.00 7.0 1.0 16/02/2021
Jamna Auto Inds. 25.0 1.00 0.3 0.4 17/02/2021
R C F 12.0 10.00 1.2 2.1 17/02/2021
Source: Capitaline, ICICI Direct Research.
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
4
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
5
Board meetings scheduled in February 2021
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Company name Meeting date Board meeting purpose
Titan Company 10-02-2021 Quarterly Results
Eicher Motors 10-02-2021 Quarterly Results
Hindalco Inds. 10-02-2021 Quarterly Results
GAIL (India) 10-02-2021 Quarterly Results
Aurobindo Pharma 10-02-2021 Quarterly Results,Interim Dividend
Indraprastha Gas 10-02-2021 Quarterly Results
Page Industries 10-02-2021 Quarterly Results,Interim Dividend
A B B 10-02-2021 Accounts,Dividend
3M India 10-02-2021 Quarterly Results
Ruchi Soya Inds. 10-02-2021 Quarterly Results
Bata India 10-02-2021 Quarterly Results
Mindspace Busine 10-02-2021 Quarterly Results,Dividend
Bank of India 10-02-2021 Quarterly Results
Suven Pharma 10-02-2021 Quarterly Results,Interim Dividend
P & G Health Ltd 10-02-2021 Quarterly Results
Guj.St.Petronet 10-02-2021 Quarterly Results
Metropolis Healt 10-02-2021 Quarterly Results,Interim Dividend
WABCO India 10-02-2021 Quarterly Results
TTK Prestige 10-02-2021 Quarterly Results
J B Chem & Pharm 10-02-2021 Quarterly Results,Interim Dividend
NLC India 10-02-2021 Quarterly Results,Interim Dividend
Asahi India Glas 10-02-2021 Quarterly Results
Rites 10-02-2021 Others
NBCC 10-02-2021 Quarterly Results
F A C T 10-02-2021 Quarterly Results
Company name Meeting date Board meeting purpose
SpiceJet 10-02-2021 Quarterly Results
Happiest Minds 10-02-2021 Quarterly Results
MAS FINANC SER 10-02-2021 Quarterly Results
Tata Tele. Mah. 10-02-2021 Quarterly Results
Bharat Rasayan 10-02-2021 Others
IOL Chemicals 10-02-2021 Quarterly Results
BEML Ltd 10-02-2021 Quarterly Results,Interim Dividend
Valiant Organics 10-02-2021 Quarterly Results
Suprajit Engg. 10-02-2021 Quarterly Results,Interim Dividend,Buy Back
Esab India 10-02-2021 Quarterly Results,Interim Dividend
Ujjivan Fin.Ser. 10-02-2021 Quarterly Results
Nirlon 10-02-2021 Quarterly Results
Schneider Elect. 10-02-2021 Others
Greaves Cotton 10-02-2021 Quarterly Results
Religare Enterp. 10-02-2021 Quarterly Results
INEOS Styrolut. 10-02-2021 Quarterly Results
S H Kelkar & Co. 10-02-2021 Quarterly Results
Magma Fincorp 10-02-2021 Raising funds through Debt Instr.
Eveready Inds. 10-02-2021 Quarterly Results
Sharda Motor 10-02-2021 Quarterly Results,Stock Splilt
SEAMEC Ltd 10-02-2021 Quarterly Results,Interim Dividend
Banco Products 10-02-2021 Quarterly Results
Suven Life Scie. 10-02-2021 Quarterly Results,Interim Dividend
SMS Pharma. 10-02-2021 Quarterly Results
Astra Microwave 10-02-2021 Quarterly Results
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
6
Board meetings scheduled in February 2021
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Company name Meeting date Board meeting purpose
Sandur Manganese 10-02-2021 Quarterly Results
Shanthi Gears 10-02-2021 Quarterly Results,Interim Dividend
Kesoram Inds. 10-02-2021 Quarterly Results
Man Infra 10-02-2021 Quarterly Results,Interim Dividend
Antony Waste han 10-02-2021 Quarterly Results
Transpek Inds. 10-02-2021 Quarterly Results
HMT 10-02-2021 Quarterly Results
Asian Granito 10-02-2021 Quarterly Results
Foseco India 10-02-2021 Accounts,Final Dividend
ITC 11-02-2021 Quarterly Results,Interim Dividend
Power Grid Corpn 11-02-2021 Quarterly Results
Coal India 11-02-2021 Quarterly Results
Bosch 11-02-2021 Quarterly Results
Ashok Leyland 11-02-2021 Quarterly Results
MRF 11-02-2021 Quarterly Results,Interim Dividend
Petronet LNG 11-02-2021 Quarterly Results
Piramal Enterp. 11-02-2021 Quarterly Results
Power Fin.Corpn. 11-02-2021 Quarterly Results
ACC 11-02-2021 Accounts,Dividend
Bayer Crop Sci. 11-02-2021 Quarterly Results
NHPC Ltd 11-02-2021 Quarterly Results,Interim Dividend
General Insuranc 11-02-2021 Quarterly Results
Natco Pharma 11-02-2021 Quarterly Results,Interim Dividend
Tube Investments 11-02-2021 Quarterly Results,Interim Dividend
CRISIL 11-02-2021 Accounts,Dividend
Company name Meeting date Board meeting purpose
Oil India 11-02-2021 Quarterly Results,Interim Dividend
Prestige Estates 11-02-2021 Quarterly Results
Cams Services 11-02-2021 Quarterly Results,Interim Dividend
H U D C O 11-02-2021 Quarterly Results
Graphite India 11-02-2021 Quarterly Results
Rail Vikas 11-02-2021 Quarterly Results
KNR Construct. 11-02-2021 Quarterly Results
Infibeam Avenues 11-02-2021 Quarterly Results,Bonus Issue
NCC 11-02-2021 Quarterly Results
Responsive Ind 11-02-2021 Quarterly Results
Garware Tech. 11-02-2021 Quarterly Results
Guj Pipavav Port 11-02-2021 Quarterly Results
Karur Vysya Bank 11-02-2021 Quarterly Results
JSW Holdings 11-02-2021 Quarterly Results
ISGEC Heavy 11-02-2021 Quarterly Results,Interim Dividend
Tasty Bite Eat. 11-02-2021 Others
Allcargo Logist. 11-02-2021 Quarterly Results
BSE 11-02-2021 Others
I T D C 11-02-2021 Quarterly Results
AGC Networks 11-02-2021 Quarterly Results
Uflex 11-02-2021 Quarterly Results
Borosil 11-02-2021 Quarterly Results
JTEKT India 11-02-2021 Quarterly Results
Pilani Invest. 11-02-2021 Quarterly Results
MSTC 11-02-2021 Quarterly Results
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
7
Board meetings scheduled in February 2021
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Company name Meeting date Board meeting purpose
Health.Global 11-02-2021 Quarterly Results
Dishman Carbogen 11-02-2021 Quarterly Results
Puravankara 11-02-2021 Others
Future Lifestyle 11-02-2021 Quarterly Results
Novartis India 11-02-2021 Quarterly Results
Repco Home Fin 11-02-2021 Quarterly Results
TVS Srichakra 11-02-2021 Quarterly Results
Jai Corp 11-02-2021 Quarterly Results
Kiri Industries 11-02-2021 Quarterly Results
Federal-Mogul Go 11-02-2021 Quarterly Results
Somany Home Inn. 11-02-2021 Quarterly Results
Amrutanjan Healt 11-02-2021 Quarterly Results,Interim Dividend
Greenply Industr 11-02-2021 Quarterly Results,Employee Stock Option
Lumax Industries 11-02-2021 Quarterly Results
Capacit'e Infra. 11-02-2021 Quarterly Results
Kovai Medical 11-02-2021 Quarterly Results
Kirl. Brothers 11-02-2021 Quarterly Results
Volt.Transform. 11-02-2021 Quarterly Results
Va Tech Wabag 11-02-2021 Quarterly Results
West Coast Paper 11-02-2021 Quarterly Results
Best Agrolife 11-02-2021 Quarterly Results
ITD Cem 11-02-2021 Quarterly Results
Honda India 11-02-2021 Quarterly Results
BF Investment 11-02-2021 Quarterly Results
BF Utilities 11-02-2021 Quarterly Results
Company name Meeting date Board meeting purpose
Premier Cap Serv 11-02-2021 Quarterly Results
Thirumalai Chem. 11-02-2021 Quarterly Results
Ashapura Minech. 11-02-2021 Quarterly Results
Indian Hume Pipe 11-02-2021 Quarterly Results
Ultramarine Pig. 11-02-2021 Quarterly Results
Grauer & Weil 11-02-2021 Quarterly Results
Take Solutions 11-02-2021 Quarterly Results
Capital India 11-02-2021 Quarterly Results
Fermenta Biotec. 11-02-2021 Quarterly Results
Technocraf.Inds. 11-02-2021 Quarterly Results
Apex Frozen Food 11-02-2021 Quarterly Results
T N Newsprint 11-02-2021 Quarterly Results
Xchanging Sol. 11-02-2021 Quarterly Results
Grasim Inds 12-02-2021 Quarterly Results
Siemens 12-02-2021 Quarterly Results
Info Edg.(India) 12-02-2021 Quarterly Results
Motherson Sumi 12-02-2021 Quarterly Results
Apollo Hospitals 12-02-2021 Quarterly Results
Hind.Aeronautics 12-02-2021 Quarterly Results
Embassy Off.REIT 12-02-2021 Quarterly Results
Voltas 12-02-2021 Others
Bharat Forge 12-02-2021 Quarterly Results
New India Assura 12-02-2021 Quarterly Results
Dhani Services 12-02-2021 Others
GMR Infra. 12-02-2021 Quarterly Results
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
8
Board meetings scheduled in February 2021
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Company name Meeting date Board meeting purpose
Godrej Industrie 12-02-2021 Others
Glenmark Pharma. 12-02-2021 Quarterly Results
CRISIL 12-02-2021 Quarterly Results,Dividend
Deepak Nitrite 12-02-2021 Quarterly Results
Phoenix Mills 12-02-2021 Quarterly Results
ITI 12-02-2021 Quarterly Results
SJVN 12-02-2021 Quarterly Results,Interim Dividend
Indiabulls Hous. 12-02-2021 Quarterly Results,Raising funds through Debt Instr.
Timken India 12-02-2021 Quarterly Results
Natl. Aluminium 12-02-2021 Quarterly Results
Bombay Burmah 12-02-2021 Quarterly Results
Fine Organic 12-02-2021 Quarterly Results
Dilip Buildcon 12-02-2021 Quarterly Results
Bharat Dynamics 12-02-2021 Quarterly Results
Finolex Cables 12-02-2021 Quarterly Results
Home First Finan 12-02-2021 Quarterly Results
Cochin Shipyard 12-02-2021 Quarterly Results,Interim Dividend
Mazagon Dock 12-02-2021 Quarterly Results,Interim Dividend
Sobha 12-02-2021 Quarterly Results
NESCO 12-02-2021 Quarterly Results
Lux Industries 12-02-2021 Quarterly Results
Delta Corp 12-02-2021 Quarterly Results
Sterling & Wils. 12-02-2021 Quarterly Results
Advanced Enzyme 12-02-2021 Quarterly Results
Mishra Dhatu Nig 12-02-2021 Quarterly Results
Company name Meeting date Board meeting purpose
Borosil Renew. 12-02-2021 Quarterly Results
MOIL 12-02-2021 Quarterly Results,Interim Dividend
Hindustan Foods 12-02-2021 Quarterly Results
Swan Energy 12-02-2021 Quarterly Results
GE T&D India 12-02-2021 Quarterly Results
Orient Refrac. 12-02-2021 Quarterly Results
La Opala RG 12-02-2021 Quarterly Results
Ingersoll-Rand 12-02-2021 Quarterly Results
Goodyear India 12-02-2021 Quarterly Results
Jindal Poly Film 12-02-2021 Quarterly Results
Natl.Fertilizer 12-02-2021 Quarterly Results
Navneet Educat. 12-02-2021 Quarterly Results
Force Motors 12-02-2021 Quarterly Results
Forbes & Co 12-02-2021 Quarterly Results
HLE Glascoat 12-02-2021 Quarterly Results
PTC India 12-02-2021 Quarterly Results
IFCI 12-02-2021 Quarterly Results
Chemcon Special. 12-02-2021 Quarterly Results
PDS Multi. 12-02-2021 Quarterly Results
Tide Water Oil 12-02-2021 Quarterly Results
Inox Wind 12-02-2021 Quarterly Results
T.V. Today Netw. 12-02-2021 Quarterly Results
Mayur Uniquoters 12-02-2021 Quarterly Results
Omaxe 12-02-2021 Quarterly Results
Orissa Minerals 12-02-2021 Quarterly Results
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
9
Board meetings scheduled in February 2021
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Board meetings in February 2021
Source: Capitaline, ICICI Direct Research
Company name Meeting date Board meeting purpose
Prime Focus 12-02-2021 Quarterly Results
India Glycols 12-02-2021 Quarterly Results
Morepen Labs. 12-02-2021 Quarterly Results
India Power Corp 12-02-2021 Quarterly Results
Panacea Biotec 12-02-2021 Quarterly Results
Safari Inds. 12-02-2021 Quarterly Results
PC Jeweller 12-02-2021 Quarterly Results
Anant Raj 12-02-2021 Quarterly Results
Time Technoplast 12-02-2021 Quarterly Results
GOCL Corpn. 12-02-2021 Quarterly Results
Sunflag Iron 12-02-2021 Others
Sadbhav Engg. 12-02-2021 Quarterly Results
DigiSpice Tech. 12-02-2021 Quarterly Results
Gallantt Ispat 12-02-2021 Others
Excel Industries 12-02-2021 Quarterly Results
Centrum Capital 12-02-2021 Quarterly Results
Ashiana Housing 12-02-2021 Quarterly Results
HBL Power System 12-02-2021 Quarterly Results
Vindhya Telelink 12-02-2021 Quarterly Results
Electrost.Cast. 12-02-2021 Quarterly Results
GFL 12-02-2021 Quarterly Results
Evexia Lifecare 12-02-2021 Quarterly Results
Balmer Law. Inv. 12-02-2021 Quarterly Results
Satia Industries 12-02-2021 Quarterly Results
Company name Meeting date Board meeting purpose
Lumax Auto Tech. 12-02-2021 Quarterly Results
Dredging Corpn. 12-02-2021 Quarterly Results
M T N L 12-02-2021 Quarterly Results
O N G C 13-02-2021 Quarterly Results,Interim Dividend
I R F C 13-02-2021 Quarterly Results
Amara Raja Batt. 13-02-2021 Quarterly Results,Interim Dividend
Rajesh Exports 13-02-2021 Quarterly Results
I D F C 13-02-2021 Quarterly Results
Kalpataru Power 13-02-2021 Quarterly Results,Interim Dividend
Sunteck Realty 13-02-2021 Others
Ircon Intl. 13-02-2021 Quarterly Results
Shilpa Medicare 13-02-2021 Quarterly Results
Maithan Alloys 13-02-2021 Quarterly Results
Neogen Chemicals 13-02-2021 Others
Shree Securities 13-02-2021 Quarterly Results
Sandhar Tech 13-02-2021 Quarterly Results,Interim Dividend
Olectra Greentec 13-02-2021 Quarterly Results
Sarda Energy 13-02-2021 Quarterly Results
Jain Irrigation 13-02-2021 Quarterly Results
Nestle India 16-02-2021 Accounts
Schaeffler India 16-02-2021 Accounts,Dividend
Ambuja Cements 18-02-2021 Accounts,Final Dividend
Mahindra CIE 19-02-2021 Quarterly Results
Sanofi India 23-02-2021 Dividend
Rain Industries 25-02-2021 Accounts
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
10
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
11
Corporate actions announced in February 2021
Stock split
Open offer
Source: Capitaline, ICICI Direct Research
Source: Capitaline, ICICI Direct Research
Face value before Face value after
Company Name Ratio split split Record date
Bannari Amm Spg. 2:1 10.0 5.0 15/02/2021
Alkyl Amines 2.5:1 5.0 2.0 NA
Finolex Inds. 5:1 10.0 2.0 NA
Wardwizard Inno. 10:1 10.0 1.0 NA
Dixon Technolog. 5:1 10.0 2.0 NA
Offer Start Offer Close Offer Price Proposed Acquisition Proposed Acquisition
Company Date Date (|) (No. of shares in crore) (% Capital)
Xchanging Sol. 09-02-2021 15-02-2021 56.5 2.8 25.0
Fairchem Organic 09-02-2021 23-02-2021 575.5 0.3 25.9
Timex Group 11-02-2021 25-02-2021 24.3 2.5 25.1
Prime Focus 17-02-2021 03-03-2021 44.2 8.2 26.0
Vedanta 04-03-2021 18-03-2021 160.0 37.2 10.0
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
12
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
13
Major stakeholder’s activity seen in January 2021
Major stakeholder’s activity in January 2021
Key Highlights
Pari Washington India Master Fund purchased 2.0 lakh shares (2.1%) of Icra
HDFC Asset Management Company purchased 38.1 lakh shares (2.0%) of Mishra Dhatu Nigam
HDFC Asset Management Company sold 40.1 lakh shares (2.1%) of Chola Financial
UTI Investment Advisory sold 50.0 lakh shares (2.0%) of Sequent Scientific
HDFC Asset Management Company sold 117.7 lakh shares (2.0%) of Aurobindo Pharma
HDFC Asset Management Company sold 20.8 lakh shares (1.8%) of Inox Leisure
Nippon Life India Asset Management sold 83.9 lakh shares (3.5%) of Schneider Electric
Source: Capitaline, ICICI Direct Research
Company No of shares Bought/Sold Total Equity Net change % of total
(In lakhs) (In lakhs) (%)
ICRA 2.0 96.5 2.1
Mishra Dhatu Nig 38.1 1873.4 2.0
Chola Financial -40.1 1877.2 -2.1
Sequent Scien. -50.0 2483.7 -2.0
Aurobindo Pharma -117.7 5859.4 -2.0
Inox Leisure -20.8 1126.6 -1.8
Schneider Elect. -83.9 2391.0 -3.5
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
14
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
15
Preferential allotment in January 2021
On a month on month (MoM) basis, the momentum related to raising money (in terms of number of companies) through preferential allotment
was marginally lower in January 2021. Total 19 companies raised capital through the preferential allotment route in January 2021 compared to
22 companies in December 2020. Apollo Hospital, Aditya Birla Fashion & Retail, Vardhman Special Steels, Steel Exchange and Rane Madras
were among major companies that raised capital through preferential allotment in January 2021. Overall, preferential allotment has declined as
a funding route over CY17-19. For full year CY18, 223 companies had raised capital through preferential allotment compared to 243 companies
in CY17 and 142 companies for CY19. For CY20, 156 companies have raised capital through preferential allotment.
Preferential allotment in January 2021
Source: Capitaline, ICICI Direct Research
Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment
(in crore) (|) (|)
Apollo Hospitals 0.47 5 2511 Orbimed Partners Master Mauritius Ltd & PACs Qualified Institutions Buyers 23/01/2021
Steel Exchange 0.02 10 39 Edelweiss Alternative Asset Advisors Ltd Promoter 18/01/2021
Steel Exchange 0.06 10 39 EFL Special Pte Ltd Promoter 18/01/2021
Steel Exchange 0.06 10 39 EWON Pte Ltd Promoter 18/01/2021
Steel Exchange 0.08 10 39 EISAF II Onshore Fund Promoter 18/01/2021
Steel Exchange 0.22 10 39 EW India Special Assets Fund II Pte Ltd Promoter 18/01/2021
Rane (Madras) 0.25 10 235.3 Rane Hold¡ngs Ltd Promoter & Promoter Group 29/01/2021
Vardhman Special 0.46 10 108 NA NA 19/01/2021
Aditya Bir. Fas. 7.32 10 205 Flipkart Investments Pvt Ltd 00-01-1900 28/01/2021
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
16
Corporate Action Tracker - February 2021
Preferential allotment in January 2021
2
3
4
5
Board meetings for February 2021
Major stakeholder’s activity in January 2021
Open offer and stock split for February 2021
Announced dividend1
Historical trends of corporate actions6
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
17
Historical trend of rights and bonus issues
Number of rights issues- CNX 500 Number of bonus issues- CNX 500
Key Highlights
Of the CNX 500 companies, 10 used the rights issue method to raise capital in CY20 compared to three in CY19
Total five companies had announced bonus issue in CY20 compared to 16 in CY19
Source: Capitaline, ICICI Direct Research
6
8 8
5 5
7
5
2
7
5
3
10
0
2
4
6
8
10
12
CY09
CY10
CY11
CY12
CY13
CY14
CY15
CY16
CY17
C
Y18
C
Y19
CY20
Number of rights Issue (CNX 500 Companies)
8
28
1412 12
10
1716
29
20
16
5
0
5
10
15
20
25
30
35
CY09
CY10
CY11
CY12
CY13
CY14
CY15
CY16
CY17
CY18
CY19
CY20
Number of Bonus Issues
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
18
Historical trend of stock splits and dividend payouts
Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX 500
Key Highlights
Source: Capitaline, ICICI Direct Research
Seven companies had announced a stock split in CY20 compared to four in CY19
31.9
36.2 36.1 35.838.2
35.7
40.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
FY14 FY15 FY16 FY17 FY18 FY19 FY20
Dividend Payout Ratio
11
39
18
7 6
12 1315
108
47
0
5
10
15
20
25
30
35
40
45
CY09
CY10
CY011
CY12
CY13
CY14
CY15
CY16
CY17
CY18
CY19
CY20
Number of stock Split
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
19
Pankaj Pandey Head – Research [email protected]
ICICI Direct Research Desk,
ICICI Securities Limited,
1st
Floor, Akruti Trade Centre,
Road no.7, MIDC
Andheri (East)
Mumbai – 400 093
ICIC
I S
ecurit
ies –
Retail E
quit
y R
esearch
MO
ME
NT
UM
PIC
K
20
ANALYST CERTIFICATION
I/We, Raj Deepak Singh B.E, MBA (Finance), Bharat Chhoda, MBA and Cheragh Sidhwa, MBA Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research reportaccurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. It isalso confirmed that above mentioned Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employeeof the companies mentioned in the report.
Terms & conditions and other disclosures:
ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products.
ICICI Securities is Sebi registered stock broker, merchant banker, investment adviser, portfolio manager and Research Analyst. ICICI Securities is registered with Insurance Regulatory Development Authority of India Limited (IRDAI) as a
composite corporate agent and with PFRDA as a Point of Presence. ICICI Securities Limited Research Analyst SEBI Registration Number – INH000000990. ICICI Securities Limited SEBI Registration is INZ000183631 for stock broker. ICICI
Securities is a subsidiary of ICICI Bank which is India’s largest private sector bank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund
management, etc. (“associates”), the details in respect of which are available on www.icicibank.com.
ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India. We and our associates might have investment banking and other business relationship with
a significant percentage of companies covered by our Investment Research Department. ICICI Securities and its analysts, persons reporting to analysts and their relatives are generally prohibited from maintaining a financial interest in the
securities or derivatives of any companies that the analysts cover.
Recommendation in reports based on technical and derivative analysis centre on studying charts of a stock's price movement, outstanding positions, trading volume etc as opposed to focusing on a company's fundamentals and, as such,
may not match with the recommendation in fundamental reports. Investors may visit icicidirect.com to view the Fundamental and Technical Research Reports.
Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
ICICI Securities Limited has two independent equity research groups: Institutional Research and Retail Research. This report has been prepared by the Retail Research. The views and opinions expressed in this document may or may not
match or may be contrary with the views, estimates, rating, and target price of the Institutional Research.
The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient
and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities. While we would endeavour to
update the information herein on a reasonable basis, ICICI Securities is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from
doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI
Securities might be acting in an advisory capacity to this company, or in certain other circumstances.
This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is
solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers
simultaneously, not all customers may receive this report at the same time. ICICI Securities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax
advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their
own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should
independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss or
damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the
securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.
ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.
ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-
managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction.
ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI Securities or its associates or its analysts did not receive any compensation or other benefits
from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts and their relatives have any material conflict of interest at the time
of publication of this report.
Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.
ICICI Securities or its subsidiaries collectively or Research Analysts or their relatives do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the
research report.
Since associates of ICICI Securities and ICICI Securities as a entity are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject
company/companies mentioned in this report.
ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report.
We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysis activities.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use
would be contrary to law, regulation or which would subject ICICI Securities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all
jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
Since associates of ICICI Securities and ICICI Securities as a entity are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject
company/companies mentioned in this report.
ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report.
We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysis activities.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use
would be contrary to law, regulation or which would subject ICICI Securities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all
jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
Disclaimer