Almondz Global Securities Ltd is planning to raise money through private placement of shares with a foreign fund. Almondz is also issuing 45.1 lakh shares to its group company - Almondz Capital & Management Services and 16.25 lakh warrants to Al Anwar Holdings SAOG at Rs 57.26 per warrant.
Al Anwar Holdings is a Oman based PE firm. It invested $6.10 Mn in Almondz in 2008 for about 50% stake. The stake was acquired through a prefential allotment of shares and warrants at Rs 85 then. The price of the warrants was higher as compared to the recent allotment because of the bullish market conditions, just before market crash in 2008.
Almondz Capital & Management Services is the holding company of the Almondz Group.The other companies of the group are Almondz Commodities Pvt. Ltd., Almondz Insurance Brokers Pvt. Ltd. and Almondz Reinsurance Brokers Pvt. Ltd
Formed in 1994, Almondz provides a array of investment banking services including PMS, Equity Broking, Corporate Finance and distribution of financial services. As on Dec 31 '09, Al Anwaar holds 12.2% in the company, promoters own 50.5%, while 28% is with retail investors.
The company posted a net profit of Rs 3 Cr on total income of Rs 26 Cr during quarter ended December 31, 2009, compared to Rs 8 Cr and Rs 21 Cr respectively during the quarter ended December 31, 2008.
Investments In Broking Companies
| Date | Investor | Target | Size ($ Mn) |
| July'09 | Sanlam Investment Management Pty Ltd | SMC Global Securities Ltd | 7.40 |
| Oct'08 | Orient Global Cinnamon Capital Ltd | Indiabulls Securities Ltd | 22.09 |
Reference:
ET
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 08/02/10 |
Almondz Global - Looking For PE |
Private Equity |
|
1.99 |
| 02/01/08 |
Almondz Global - Al Anwar Holdings |
Private Equity |
Al Anwar Holdings SAOG |
6.10 |
| 06/08/07 |
Almondz Global - Times Private Treaties |
Private Equity |
Brand Capital (Formerly Times Private Treaties) |
0.40 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 07/02/12 |
Private Equity |
Life Insurance Corporation of India |
Dena Bank |
25.49 |
Announced |
| 07/02/12 |
M&A |
Piramal Healthcare Limited |
Looking For |
- |
Planned |
| 02/02/12 |
Private Equity |
|
AU Financiers India Private Limited |
- |
Planned |
| 01/02/12 |
Private Equity |
Creador Capital |
Cholamandalam Investment and Finance Company Limited |
43.12 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Almondz Global Securities Limited |
|
3 Scindia House, 2nd Floor,
Janpath, New Delhi 110 001,
India. |
Khandwala Securities Limited |
http://www.almondzglobal.com/ |
