Next station, IPO subscription!
Indian Railway Finance Corporations issued its IPO valued at ₹4,633cr ($633.3m). The subscription, offered in the price band of ₹25-26 ($0.3), was the first IPO by an NBFC in the public sector. IRFC is a wholly-owned PSU which engages in leasing operations and financing of Project Assets wherein it requires leasehold interest in the asset and the Railway Ministry pays rentals.
IRFC will go public on the BSE and NSE offering 575 crore shares. The President of India, who is the statutory promoter is likely to offload a 13.6% stake in the company which boasts the highest credit ratings for an Indian issuer. The low-risk and cost-plus business model hints at positive asset valuations and management.
RBI has exempted the company from the scope of its asset classification and prudential norms. There is a high dependence on the Indian Railways through lease and rental payments that have, so far, catered to its reserves. This can make IRFC susceptible to changing dynamics in the business. Given the current status of the finances and credit outlook, subscribing to the IPO may be profitable.
Head to the link below to find out more:
Policybazaar is currently one of the largest insurance-selling portals in the country.Its IPO will be the fifth one applied for by a startup company in India this year (after Zomato, Paytm, MobiKwik and CarTrade).To read more on the issue, click on the link below.https://transfin.in/policybazaar-ipo-should-investing-be-the-best-policy
Bharat Book Bureau Provides the Trending Market Research Report on “Japan Road Freight Transport Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) “ under Automotive Market Research Reports Category.
Because of the lockdown in the country, many customers preferred to order food and groceries online.The road is the primary method of freight in Japan.
As for transport tonnage volume in fiscal 2018, motor vehicle transport accounted for more than 90 percent of the total.Over 90% of truck carriers are Small and Medium-sized Enterprises (SMEs).
Despite increasing cash income and a growing Labor force, as drivers age rapidly, the supply of labor needed to maintain e-commerce and the overall low-price domestic market is still under threat.Key Market Trends Driver Shortage Hampering the Growth of Japan’s Road Freight MarketThe aging workforce and strong growth in online shopping have exacerbated the shortage of truck drivers.
The driver shortage is a widespread problem faced by global logistics companies, especially Japan, which is one of the most severely affected countries because of an aging population.
This situation has caused delays in the withdrawal of import and export cargo from major ports such as Tokyo and Kobe.
