Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Cotton consumption in the 2023-24 season is estimated at 307 lakh bales, making it one of the highest in the past decade.</li>
<li>Government is considering extending the PLI scheme to all garments, including cotton ones.</li>
<li>Minister Singh also emphasized the need for a comprehensive roadmap to elevate India’s textile market from $165 billion to $350 billion.</li>
</ul>


Cotton consumption in the 2023-24 season is estimated at 307 lakh bales, making it one of the highest in the past decade.
Government is considering extending the PLI scheme to all garments, including cotton ones.
Minister Singh also emphasized the need for a comprehensive roadmap to elevate India’s textile market from $165 billion to $350 billion.


What Is Cooking in Indian Textile Sector?

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Following a couple of days of speculation, on 30 April, <a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RIL IN)</a> made an <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/DC94A36A-DC93-43CC-989A-14A21648B3FC-185520.pdf" target="_blank" rel="noopener">announcement</a> of an intended 1:15 rights offering (i.e. rights to buy one new share for every 15 owned) with the intention to raise INR 53,125 crore at an offer price of INR 1,257 a share. This is the first time in 29 years that RIL is tapping the market for equity-like capital. 
The promoter and promoter group led by Mukesh Ambani will need INR 26,600 crore to subscribe to its portion of the rights issue, but they confirmed they would subscribe to the full extent of their aggregate rights entitlement. In addition, they announced  they will also subscribe to all the unsubscribed shares in the Issue.
On 6 May, SEBI <a href="https://www.sebi.gov.in/legal/circulars/may-2020/relaxations-relating-to-procedural-matters-issues-and-listing_46652.html" target="_blank" rel="noopener">announced</a> relaxed one-time relaxations from strict enforcement of certain regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations") pertaining to Rights Issues announced before July 31, 2020. This is a one-time measure allowing companies to shore up capital during the COVID-19 situation [Note: today SEBI also <a href="https://www.sebi.gov.in/legal/circulars/may-2020/additional-relaxation-in-relation-to-compliance-with-certain-provisions-of-sebi-listing-obligations-and-disclosure-requirements-regulations-2015-covid-19-pandemic_46661.html" target="_blank" rel="noopener">relaxed</a> the Listing Obligations and Disclosure Requirements].
Monday (actually, midnight on Saturday), the company <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/2739bb07-c43c-4e52-ad84-1156cd22b3dc.pdf" target="_blank" rel="noopener">announced</a> the record date to be 14 May, and that the BSE and NSE had given in-principle approvals to issue the rights and the resulting 422,626,894 equity shares (or 42,26,26,894 equity shares). 
Yesterday was the last day with rights, and the company issued a '<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/C416814A-BBC9-4E16-BB9E-30A4D7E5BB35-102302.pdf" target="_blank" rel="noopener">synopsis</a>' of how they work. 
Today the shares went ex-.
These rights are a bit weird. They are "partly paid-up" rights. There is a down payment, then a capital call.
It is worth understanding the details.

Following a couple of days of speculation, on 30 April, Reliance Industries (RIL IN) made an announcement of an intended 1:15 rights offering (i.e. rights to buy one new share for every 15 owned) with the intention to raise INR 53,125 crore at an offer price of INR 1,257 a share. This is the first time in 29 years that RIL is tapping the market for equity-like capital. 
The promoter and promoter group led by Mukesh Ambani will need INR 26,600 crore to subscribe to its portion of the rights issue, but they confirmed they would subscribe to the full extent of their aggregate rights entitlement. In addition, they announced  they will also subscribe to all the unsubscribed shares in the Issue.
On 6 May, SEBI announced relaxed one-time relaxations from strict enforcement of certain regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations") pertaining to Rights Issues announced before July 31, 2020. This is a one-time measure allowing companies to shore up capital during the COVID-19 situation [Note: today SEBI also relaxed the Listing Obligations and Disclosure Requirements].
Monday (actually, midnight on Saturday), the company announced the record date to be 14 May, and that the BSE and NSE had given in-principle approvals to issue the rights and the resulting 422,626,894 equity shares (or 42,26,26,894 equity shares). 
Yesterday was the last day with rights, and the company issued a 'synopsis' of how they work. 
Today the shares went ex-.
These rights are a bit weird. They are "partly paid-up" rights. There is a down payment, then a capital call.
It is worth understanding the details. 

The Reliance Industries [RIL] Rights Offering

India

Arvind Fashions Limited designs and produces apparels. The Company offers jeans, shirts, trousers, jackets, and suits. Arvind Fashions serves customers in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Arvind Fashions (ARVINDFA IN)

What Is Cooking in Indian Textile Sector?

Post Bangladesh Crisis- The World is looking India as Bangladesh+1 for Readymade Garments! Companies beneficial which has integrated Plant: KPR...

Nimish Maheshwari

The Reliance Industries [RIL] Rights Offering

Following a couple of days of speculation, on 30 April, Reliance Industries (RIL IN) made an announcement of an intended 1:15 rights offering (i.e....

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)