IL&FS Former Director Siddharth Mehta Also Impressed By With The Samco Team Impressive Growth Trajectory.

The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments. https://m.economictimes.com/small-biz/startups/newsbuzz/samco-ventures-raises-rs-49-crore-in-series-b/articleshow/63966950.cms Samco Ventures, which owns and operates online discount broker Samco Securities and mobile trading platform StockNote, has raised $7.5 million (Rs 49 crore) in a fresh round of funding. “Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market,” Siddharth Mehta, founder of Bay Capital, said. “They understand the complex requirements of the market and have been successful in delivering unique solutions.” The company, which claims to service over 75,000 customers, also recently launched StockNote, a content streaming and trading platform that aggregates and delivers news and information about stocks and sectors across India. Founded by Siddharth Mehta and Puneet Saraogi, Bay Capital operates, both, a private equity, as well a long-only public markets investment practice.
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These 5 recent IPOs of Gujarat-based companies outperform others

https://www.livemint.com/market/stock-market-news/these-5-recent-ipos-of-gujarat-based-companies-outperform-others-11655270805498.html Some recently listed Gujarat-based companies' IPOs have delivered up to 280 per cent return  to the allottees post-listing. As Indian stock market reels under sell-off pressure, some Gujarat-based companies IPOs (Initial Public Offer) have outperformed others, which includes one of the most sought LIC IPO. Some of the recently launched public issues like Tatva Chintan Pharma, Adani Wilmar, Ami Organics, Rolex Rings and Exxaro Tiles have given much better return than the most awaited IPOs that got listed recently at the Indian bourses. Here we list out 5 Gujarat-based company's whose IPOs have outperformed others: 1] Adani Wilmar IPO: The public issue was offered at a price band of ₹218 to ₹230 per equity share. Adani Wilmar shares had a par listing as the stock listed at ₹221 on BSE and ₹227 on NSE. However, Adani Wilmar share price had a dream run post-listing as it made a life-time high of ₹878 per share, around 280 per cent higher from the upper band of its issue price. Adani Wilmar share price today is around ₹645, which is near 180 per cent higher from its issue price. So, this Gujarat-based company's public issue has delivered up to 280 per cent return to its investors in near 4 months of share listing. 2] Ami Organics IPO: Shares of Ami Organics had a dream debut on Indian bourses as it opened at more than 50 per cent premium. Ami Organics shares listed at ₹902 on BSE and ₹910 on NSE against its issue price of ₹603 to ₹610 per equity share. Post-listing , Ami Organics shares have climbed up life-time high of ₹1434.45 on NSE, which is around 135 higher from its upper price band of ₹610. Ami Organics share price today is around ₹895 per share, around 46 per cent higher from its upper price band.

Dubai's latest IPO - Tecom Group - hits DFM in full tilt on debut

Back-to-back listings of DEWA and Tecom is pumping liquidity onto DFM Dubai: Tecom Group's share price gained 1 per cent in the first couple of minutes of making its debut on Dubai Financial Market. With this, another of Dubai’s high-visibility entities has made the transition from privately held to listing on the DFM. Ahead of the stock – the IPO for which drew record over-subscription from retail investors – going live, Tecom released its financials for the last three years. The Tecom stock, which was sold at Dh2.67 a share had volumes of 28 million plus shares traded in the first 30 minutes. At 11.23, Tecom is down 6.36 per cent to Dh2.50, caught in the general dip that DFM has been experiencing. The stock had dropped by more than 14 per cent in afternoon trades, with volumes at nearly 155 million shares. By 2.46 pm, the decline was clipped to under 10 per cent. Net profit for 2019-21 stayed were at Dh633.59 million, Dh579.08 million, and Dh568.83 million, respectively. Solid numbers given that for two of those years, there was the pandemic to deal with and what it meant for the way Tecom’s tenants wanted to work. Tecom remains systemically one of the most important landlords in Dubai of commercial real estate, with 10 business hubs. These include the consistently in-demand Dubai Internet City and Media City, and the emerging Dubai Design District. The improved numbers are starting to be sighted for this year, with Q1-2022 profit at Dh190.26 million against last year’s Dh144.29 million. Tecom had earlier said it continues to do well on the leasing side, with solid retention rates on longer leases. This again is significant as businesses, especially tech and tech-focussed ones, are still flexible on hybrid working. “We also own a land bank which can be leased out directly or developed for rent, providing greater opportunities to attract new tenants and customers or allow existing ones to expand operations,” said Tecom in its listing prospectus.

“It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year,” says Siddharth Mehta, Founder & CIO at Bay Capital.

https://m.economictimes.com/markets/expert-view/etmarkets-smart-talk-us-fed-likely-to-raise-rates-by-150-200-bps-in-2022-use-dip-to-buy-for-5-years-siddharth-mehta/articleshow/92635568.cms "Our view is that from a 5–7-year perspective, many of these variables will play out and get reflected appropriately in stock prices. High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant." In an interview with ETMarkets, Siddharth Mehta said: “To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years.” #siddharthmehtabaycapital
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Going on Vacation This Summer? Welcome to the 'Revenge Travel' Economy

The clock had not yet struck noon on a recent sunny day in Copenhagen, but the hour didn’t stop Hannah Jackson and her friends from ordering a bottle of Champagne. After the waiter at one of the outdoor restaurants that line the Danish capital’s colorful harbor popped the cork, the four women from Texas gleefully toasted to their European adventure. “This is my first trip in more than two years,” said Jackson, 32. “We are celebrating every moment we can.” Because no phenomenon can be real until it can be hashtagged, the travel industry has been quick to brand the impulse driving Jackson and countless others this summer as “revenge travel.” Likerevenge spendingand evenrevenge bubble-tea drinking, the phrase refers to consumers’ increased willingness to cough up cash after 28 long months of lockdowns and restrictions. In travel’s case, that means a newly unbridled demand for vacations that are more frequent, more indulgent, and—more than anything—far from home. That demand got a boost on June 13 when the U.S. stopped requiring a negative COVID-19 test for entry. But as it rises to and even surpasses pre-pandemic levels, a host of challenges, from inflation to war to, yes, the lingering threat of COVID-19, casts a shadow on the rosy predictions of a rebound. Will this be the summer in which the travel industry does indeed get revenge on the pandemic? Or will its hopes be dashed once again? “The truth is that tourism is rebounding very, very quickly,” says Luís Araújo, president of the European Travel Commission (ETC), which represents the continent’s national tourism organizations. “It’s quite impressive.” At this juncture, revenge travel looks to be off to a good start. Among Europeans, 70% are planning vacation trips between now and November, according to an ETC survey. The numbers are almost as strong among Americans, with 65% planning leisure trips within the next six months according to MMGY Travel Intelligence, a global marketing and research company based in Kansas City. According to Mastercard, bookings on short and medium-haul flights have surpassed pre-pandemic levels. And travel searches for the first quarter of 2022 were above their 2019 levels, according to Google, while searches for passport appointments jumped 300% in the first three months of this year. “Pent up demand is already delivering rapid growth,” says David Goodger, Europe director for Tourism Economics, a U.K.-based company that provides forecasting and analysis to the travel industry. It’s driven, he adds, “by excess savings accumulated during the period when people couldn’t spend or travel as usual.” Those extra savings are affecting not only the amount of travel people are undertaking but the kind of travel as well. After decades of appealing to budget travelers with low-cost flights and party buses, many European destinations are emerging from the pandemic with a new emphasis on upscale travel. “A lot of enterprises, big and small, have spent the past two years renovating their facilities, upgrading, investing in their hospitality—adapting to the new needs of the customer,” says Araújo of the ETC. “We also see a lot of countries adjusting their communication to high-end travel.”
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