tag:blogger.com,1999:blog-11033947698184426142024-03-13T08:43:14.017+05:30Satta BazaarIndian IPO News / Subscription/ Allotment InformationUnknownnoreply@blogger.comBlogger53125tag:blogger.com,1999:blog-1103394769818442614.post-57597087829301394642011-03-11T17:01:00.000+05:302011-03-11T17:01:58.734+05:30Lovable Lingerie IPO subscribed over 10 times<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhocA7goIw9wOAPV7NEUJ0PHabN4AZnDQXRxZrnSDTfeDZldkEdCIO4LPesXSq3ATcmVYfIyhw1ihklKeSNgt7Jdo8_Yz6Ics_HhOLXMpFqV8VXYGMfaOUEhQ5wfUM8j7tT1_QBI0jPSZto/s1600/Lovable_Lingerie_190.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhocA7goIw9wOAPV7NEUJ0PHabN4AZnDQXRxZrnSDTfeDZldkEdCIO4LPesXSq3ATcmVYfIyhw1ihklKeSNgt7Jdo8_Yz6Ics_HhOLXMpFqV8VXYGMfaOUEhQ5wfUM8j7tT1_QBI0jPSZto/s1600/Lovable_Lingerie_190.jpg" /></a></div>
Women's innerwear manufacturer Lovable Lingerie's IPO has received a good response
from investors, especially from qualified institutional investors (QIBs) and subscribed
10.64 times. The issue has received bids for about 4 crore equity shares as
against issue size of 38.67 lakh shares.<br />
Reserved portion of QIBs was subscribed 21.87 times. Retail and
non-institutional investors' portion was subscribed around 3 times.<br />
The company plans to raise about Rs 93.28 crore at higher end of price band
of Rs 195-205 a share. <br />
</div>Unknownnoreply@blogger.com20tag:blogger.com,1999:blog-1103394769818442614.post-35798368674117561952009-11-25T20:02:00.001+05:302009-11-25T20:02:00.943+05:30JSW Energy's Rs 2700 Crore IPO to open on Dec 7, 2009<span xmlns=''><p style='text-align: justify'>One more power IPO ready to hit Dalal Street. JSW Energy, a part of JSW group, is coming out with an initial public offering (IPO) of Rs 2700 crore. The issue will open for subscription during December 7-9, 2009.
</p><p style='text-align: justify'>In a press conference, Managing Director Sajjan Jindal said, "We have operational capacity of 995 MW. We have not finalised anchor investors yet."
</p><p style='text-align: justify'>It intends to utilise the issue proceeds to partially finance construction and development of the identified projects aggregating to 2790 MW in capacity; 400 KV transmission project and mining venture, and for repayment of corporate debt.
</p><p style='text-align: justify'>For the year ended March 31, 2009, the company reported profit after tax of Rs 276.69 crore on total income of Rs 1,852.16 crore. It has debt of Rs 5,927.16 crore.
</p><p>JSW Energy is an established energy company with 860 megawatts of operational generating capacity and 2,790 MW of generating capacity in the construction or implementation phase, 135 MW of which has been commissioned. In addition, it has power generation projects at an early stage under development with a proposed combined installed capacity of 7,740 MW. It is one of the early entrants in the power trading business. Its goal and strategy is to become a leading full-service integrated power company in the Indian power sector with presence across the value chain.</p></span>Unknownnoreply@blogger.com7tag:blogger.com,1999:blog-1103394769818442614.post-15396082807926143322009-11-25T19:45:00.001+05:302009-11-25T19:45:47.828+05:30HDFC Standard Life plans IPO in 2010-11<span xmlns=''><p>Leading private sector life insurance company HDFC Standard Life plans to come out with an Initial Public Offer (IPO) during next financial year.
</p><p>The company is planning to come out with an IPO in 2010-11 though the board of the company has not yet set a specific deadline and the work is under progress. Mr Paresh Shreesh Parasnis, Executive Director and Principal Officer, told reporters that timing of the IPO would be depended on the Insurance (Amendment) Bill. The Bill aims to enhance the FDI limit in private insurance firms from 26% to 49%.
</p><p>HDFC Standard Life is a joint venture between housing finance major Housing Development Finance Corporation (HDFC) and Standard Life plc, a financial services provider in the UK.
</p><p>Mr Parasnis said the company would pump in Rs 350 crore in the current fiscal. He said Rs 50 crore has been injected and the remaining Rs 300 crore would be infused in the next few months.</p></span>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1103394769818442614.post-9820968074361594242008-09-07T19:55:00.002+05:302008-09-07T19:58:30.793+05:3020 Micron IPO opens on 8th September<p>20 Microns Limited, a pioneer and leader in the micronised minerals has fixed the price band between Rs 50 and Rs 55 per equity share for its IPO of 43,50,632 equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building Process.<p></p>The issue consists of a fresh issue of 16,75,000 equity shares of Rs 10 each and an offer for sale of 26,75,632 equity shares by Gujarat Venture Capital Fund 1995. 2,17,532 equity shares are kept reserved for subscription by eligible employees. The issue will constitute 30.81 per cent of the post-issue paid up capital of the company.<p></p>The company intends to utilise the proceeds of the fresh issue in the IPO towards the current ongoing expansion plans of the manufacturing capacities at various locations, invest in the sub-micron particle sizes required by end-market and general corporate purposes.<p></p>The equity shares are proposed to be listed on BSE and NSE.<p></p>20 Microns Limited is one of the India’s largest producers of white minerals with an annual turnover of over 1,80,000 tonnes from plants and deposits spanning in different regions of the country producing functional fillers, specialty chemicals and extenders, which are supplied globally. The Company has four different captive mines and eight manufacturing locations spanned over the country with total mineral reserve of 60,00,000 metric tonnes. Currently, it has about 70 international customers based in 30 countries utilising 450 product grades, which are in addition to approximately 700 local customers spread across India.</p>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1103394769818442614.post-61077833468962241752008-07-25T17:53:00.003+05:302008-07-25T17:59:59.221+05:30Vishal Information Technologies subscribed 1.19 times<p>The IPO of Vishal Information Technologies, a company in the field of IT Enabled Services / BPO services and a subsidiary of Tutis Information Technologies received total bids for 33,28,760 equity shares. Bids were invited for total issue size of 27,90,000 equity shares. It subscribed 1.19 times. The Issue consisted of fresh Issue of 17,90,000 Equity shares and an offer for sale of 10,00,000 Equity shares by "Selling shareholders".</p><p>The Issue will constitute 26.12% of the fully diluted Equity share capital of the Company. Credit Analysis and Research (CARE) has assigned "IPO Grade 3" to the Issue. The Equity shares are proposed to be listed on BSE and NSE. Keynote Corporate Services and IDBI Capital Market Services are the BRLMs for the Issue.</p><p>Presently the Company operates from leased facilities in Chennai and Mumbai with approximately 475 workstations. As part of the expansion plans, the Company intends to set up new facilities to support the increase in business from existing and new clients. It proposes to buy an office space of approximately 15,000 sq. ft. at Special Economic Zone (SEZ) in Chennai.
The Company gets its business mainly from the United Kingdom and United States of America through tenders floated by the various government authorities, educational institutes, etc. Presently it does not have any presence in the UK and USA which many a times acts as hindrance for getting the work allotted. It feels that its offshore presence in the form of a subsidiary company would enable Vishal’s participation in the bidding process more active and fruitful. The various other marketing activities for Vishal would also be carried out from these subsidiaries.</p>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-1103394769818442614.post-49769705260082556782008-07-18T15:53:00.000+05:302008-07-18T15:55:22.246+05:30BASF raises Buy-Back price to Rs 300 per share for 6.3 mn sharesBASF India Ltd is going to acquire upto 6,289,591 full paid-up Equity Shares, constituting 22.31% of the Voting Capital of BASE India Ltd at a price of Rs 300 (the "Revised Office Price) per Equity Sharein accordance with Regulation 26 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997. The decision was taken by Committee of Directors of BASF SE and later it has been informed to BSE. Earlier, the company offered Rs. 274 per Equity Share. BASF SE would pay such Revised Offer Price for all the Equity Shares validly tendered any time during the Offer period and accepted under the Offer.Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-1103394769818442614.post-63907104911938779752008-07-15T19:48:00.003+05:302008-07-15T20:00:50.893+05:30Vishal Information Technologies Limited IPO Opening<p><strong>About the company:</strong></p><p>The Company incorporated in 1994 as a Subsidiary firm of Tutis Technologies (Biometric Products, Software Development and consulting). Its branches are in Mumbai and Chennai. Representative office: UK and UAE. </p><p><strong>Special points</strong>: Its among the first few companies to venture in the field of ITES/BPO services. Pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. Business: Data digitization, E-publishing and digital library, Print on Demand (POD) </p><p><strong>Objects of the Issue</strong></p><ul><li>To finance the cost of expansion of the facilities in Chennai;</li><li>To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;</li><li>To set up a subsidiary in the United Kingdom and United States of America;</li><li>General Corporate Purposes;</li><li>Meeting the Public Issue Expenses.</li></ul><p><strong>Important Points: </strong></p><ul><li>Opening on: 21-Jul 2008</li><li>Closing on: 24-Jul 2008 </li><li>Size (Equity Shares): 27,90,000 </li><li>Type: 100% Book Built Issue (Initial Public Offer IPO) </li><li>Face Value: Rs. 10/- </li><li>Price Rang/ Price Band: Rs 140 to Rs 150 </li></ul>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1103394769818442614.post-52594330077497363322008-05-05T13:16:00.006+05:302008-06-17T12:15:29.995+05:30Adani Power plans IPO of Rs. 5000/- Crores<p>Adani group is preparing to come up with a initial public offering (IPO) to raise about Rs 5,000 crore for setup a power generation capacity of close to 10,000 megawatt. The company is drawing investments plans for generating 1,320 mw power in Rajasthan and 2,000 mw at Dahej in Gujarat by 2012. Adani will file the IPO papers with the market regulator SEBI in a week or two's time. SBI Capital has been roped in as one of the merchant bankers.</p><p>Adani's 4,620 mw power project at Mundra is being set up in the vicinity of Tata Power's ultra mega power project (UMPP) of 4000 mw. The company is already implementing the project through internal fund generation, debt and private placement of equity with London-based 3i Group Plc. </p><p>Adani also owns and operates country's one of the largest and highly mechanised state-of-art-ports at Mundra in Gujarat, which is likely to handle close to 30 mmt of cargo during 2007-08. </p><p>The power plants of Adani and Tata at Mundra will be based on imported coal. The coal requirements for these plants will be near 26 mmt. This coupled with other commercial coal imports will make Mundra the world's largest coal receiving terminal with capability to handle over 30 mmt of coal.</p>Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-1103394769818442614.post-81096252733055509092008-04-29T15:09:00.001+05:302008-05-05T14:08:15.053+05:30Gokul Refoils and Solvent IPO to open May 8, 2008<p>Gokul Refoils and Solvent plans to enter the capital market on May 8 with its initial public offering of 71,58,392 equity shares of Rs 10 each for cash, at a price to be decided through 100 per cent book building process.</p><p>The company has fixed a price band of Rs 175-Rs 195 per share. The issue will close on May 13.</p><p>The issue comprises a reservation of upto 75,000 equity shares for employees and a net issue to the public of 70,83,392 equity shares. The issue will constitute 27.14 per cent of the fully diluted post issue paid-up capital of the company.</p><p>Qualified institutional buyers shall be allocated 50 per cent of the issue. From and out of the QIB portion 5 per cent for mutual funds, 15 per cent to non-institutional bidders and 35 per cent to retail investors.</p> <p>The company is primarily engaged in the business of solvent extraction, refining of edible oils and vanaspati manufacturing. At present the company has 680 TPD of seed processing, 600 TPD of solvent extraction, 1200 TPD of refining and 200 TPD of vanaspati manufacturing capacities.</p> <p>The company plans to utilize the proceeds for - setting up a new 1500 TPD Soyabean processing plant near Gandhidham, Gujarat; expansion of the existing edible oil refinery at Surat; investment in Singapore subsidiary; funding part of the long term working capital; brand building activities; investment in increasing warehousing capacities and continuous capex for existing units; general corporate purposes and for public issue expenses.</p> <p>ICRA has assigned Grade "3/5" to the IPO. The shares will be listed on Bombay Stock Exchange and National Stock Exchange of India. The book running lead managers to the issue are Anand Rathi and Intensive Financial Services.</p>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1103394769818442614.post-84922802506997569492008-04-29T12:15:00.005+05:302008-04-29T15:06:19.452+05:30Anu's Lab files DHRP with SEBI for IPOHyderabad-based Anu's
Laboratories has filed draft red herring prospectus with Sebi to raise
around Rs 800 million from the capital markets.</p>
<p> Anu's Labs is the market leader
in producing or DCFA, which is a key intermediate for ciprofloxacin (a
synthetic antibiotic). The company has over 60% market share in the
country.</p>
<p></p>
<p>The company plans to deploy the
proceeds raised from the initial public offering to set up an
intermediary plant and contract research facility at Pharma City at
Visakhapatnam.</p>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1103394769818442614.post-19046216305976978712008-04-28T18:54:00.002+05:302008-04-29T14:16:15.194+05:30RITES to hit capital market in SeptemberRITES, the technical wing of the Indian Railways, are all set to hit the market in September. The public sector unit would mop up Rs 500 crore through an initial public offering (IPO), which would be 10% of the company’s paid-up capital.
The intention is for various arms of the Railways to raise fresh capital through public issues that would generate funds for mega projects such as the dedicated rail freight corridor.
Also in the works is a proposal to mop up another Rs 300-350 crore through an IPO by Ircon — Railways’ in-house construction company — that is also likely to be floated this year.
A Cabinet note pertaining to the proposed RITES IPO has been sent to various ministries. According to sources, the proposal has been approved by the disinvestment department. Once approved by the Cabinet, it would pave the way for RITES going in for a public issue.
Earlier, there was a proposal to disinvest the government’s stakes in the Railways-owned PSUs. However, after Prime Minister Manmohan Singh put a freeze on disinvestment proposals following a ruckus over the Neyveli Lignite Corp selloff, the Railways have decided to go the Power Finance Corp way. The power PSU, instead of divesting its stake, raised Rs 1,000 crore through a public issue.
A similar move to disinvest the government stake in both the rail PSUs was also initiated by the disinvestment minister Arun Shourie in 2002, but it was turned down by the then-railways minister Nitish Kumar on the ground that the PSU was a profit-making one and self-reliant.
“RITES need funds to finance growth and expansion. Therefore, the best way to mop up funds by not violating the UPA government’s agenda is the IPO route,” a senior Rail Bhawan official told ET. Experts in the Railways are of the view that the IPOs from the rail PSUs could be a huge success riding on the back of enormous profits shown by the Railways for two successive years.
RITES registered a quantum increase of 78% and 95% respectively in turnover and profits during the year ended March 31, 2006. Turnover and pre-tax profit was at Rs 426 crore (previous year: Rs 240 crore) and Rs 133 crore (Rs 68 crore) respectively, the highest achieved by the company. Domestic business has grown 51% from Rs 170 crore in the previous year to Rs 257 crore. The overseas business achieved a turnover of Rs 137 crore, registering a growth of 163%.
Ircon’s IPO is at a less advanced stage. It is understood that a formal Cabinet note is yet to be prepared. However, officials say a Rs 300-350 crore IPO is likely this year after the RITES IPO goes through, reports The Economic Times.
<span>source: moneycontrol.com</span>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-1103394769818442614.post-3151410206825817992008-04-09T18:01:00.001+05:302008-04-29T12:29:17.694+05:30Aishwarya Telecom's IPO on 15 April 08Aishwarya Telecom is a ISO 9001:2000 Certified company manufacturing Fibre optic test equipments & Cable fault locators. It provides services nation-wide to organizations in business, industry & government.Aishwarya Telecom Limited is entering in the capital markets with an initial public offering, IPO of 52,00,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 32/- at lower level and Rs. 35/- at upper level for equity share of Rs. 10/-.
The issue opens on Apr 15, 2008, and closes for subscription on Apr 17, 2008.Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-1103394769818442614.post-55771196341560428882008-04-04T15:28:00.003+05:302008-04-29T14:17:49.744+05:30RITES IPO: files DRHP with SEBI.<p>RITES, a Government of India Enterprise, is a multi-disciplinary ISO 9001 consultancy organization with extensive resources and the ability to deliver results, right on time. Been in business for more than a quarter of a century, RITES has scaled heights in different sectors of consultancy, starting first with railways, mostly abroad and later to other transportation sectors both in India and outside. We have since over the decades graduated to other infrastructure sectors.Presently, RITES has more than 40 on-going projects in various countries, worldwide.</p><p>RITES has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an initial public offering (IPO) of 140,00,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.</p><p></p><p><span style="font-size:78%;">source: rupya.com</span></p>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1103394769818442614.post-19755445867712920962008-04-04T14:29:00.002+05:302008-04-29T14:19:04.742+05:30NHPC's IPO in Second quarterNational Hydroelectric Power Corp (NHPC) plans to launch an initial public offering in the second quarter of the current financial year. “We will be going to the market shortly. We are planning an IPO during the second quarter of this fiscal,” Mr S.K. Garg, Chairman and Managing Director, said here at an industry conference.
NHPC, which has a paid-up capital of Rs 11,500 crore, is likely to come out with a public offer of 167 crore shares , which would add 10 per cent as fresh equity besides five per cent disinvestment. The shares would be face value of Rs 10 each.
The issue, which was earlier slated to hit the market during the previous fiscal, got delayed since the company did not have the requisite number of independent directors on its board.
<span style="font-size:78%;">source: moneycontrol.com</span>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1103394769818442614.post-67759160644868088702008-02-01T17:09:00.001+05:302008-04-29T14:20:12.610+05:30Future Capital IPO got listed; Ends at 19% premium<p>Future Capital Holding (FCHL), the financial services arm of the Future Group, is the first listed stock in the year 2008. The stock surged to a high of Rs 1081 before closing the day at Rs 909.80, premium of 18.93% over its offer price of Rs 765. It has been remained in the range of Rs 825-900 for the whole day.
It opened at Rs 1081 on the NSE and touched a low of Rs 825. It traded with volumes of 1,25,42,842 shares and turnover was at Rs 1104 crore.</p><p>
On the BSE, the stock started the day at Rs 1044 and touched a high/low of Rs 1100 and Rs 826.10, respectively. It ended at Rs 908.20, with volumes of 88,82,244 shares.</p><p>
Samir Sain, CEO of Future Capital Holdings, sees a scale up in business over the next two years. The revenues from consumer finance and distribution business is likely to come in three years. They plan to set up 500-700 outlets in 3-4 years.</p><p>
The company had come out with its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each at a price band of Rs 700-765 per share. The issue was subscribed to approximately around 133 times.</p><p> </p><p><span style="font-size:78%;">source: moneycontrol.com</span></p>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-1103394769818442614.post-19944277208050665442008-02-01T10:29:00.001+05:302008-04-29T14:21:12.388+05:30Emaar MGF revises IPO price band at Rs 540-630<p>Emaar MGF Land, a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, has refixed the price band to between Rs 540 and Rs 630 per equity share of Rs 10 each from the earlier price band of between Rs 610 to Rs 690 per equity share for its initial public offering of 102,570,623 equity shares for cash at a price to be determined through a 100% book building issue.</p><p>The price band has been refixed considering the prevailing market sentiments and the developments in the financial markets in India and globally. There will be no change in the bidding period, which will open on February 1, 2008 and close on February 6, 2008 as scheduled.</p><p>Emaar MGF commenced operations in India in February 2005 with the mission of being a real estate development company striving to develop and deliver unique integrated lifestyle and work place environments and planned developments. The primary business is the development of properties in the residential, commercial, retail and hospitality sectors. In addition, it has also identified healthcare, education and infrastructure as business lines for future growth. Its operations span across various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution.</p><p>As disclosed in the Red Herring Prospectus, the issue proceeds will be used for part payment towards the acquisition of land and land development rights and related approvals for its ongoing and planned projects, the development and construction costs for project Palm Drive in Gurgaon and repayment of loans.</p><p>The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange of India. The global co-ordinators and book running lead managers to the issue are Enam Securities Private Limited and DSP Merrill Lynch Limited. The book running lead managers are Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and ICICI Securities Limited.</p><p></p><p>source: moneycontrol.com</p>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-1103394769818442614.post-15191397712578354762008-01-31T14:42:00.001+05:302008-04-29T14:22:13.830+05:30Future Capital IPO to List on 1st February 2008.<p>Future Capital IPO Listing Date has been fixed. In an anoouncement made with the stock exchanges, the registrar to the IPO has informed that the Future Capital IPO Listing Date has been fixed as Friday, February 01, 2008.</p><p>Future Capital IPO Listing is expected at a huge premium to the IPO issue price of Future Capital Limited because of very heavy oversubsription of the IPO. The exact listing price of Future Capital IPO will be updated here on Friday, February 01, 2008.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1103394769818442614.post-88069093658254777142008-01-31T13:16:00.001+05:302008-04-29T14:23:15.579+05:30Reliance Power IPO Allotment Information<p>Anil Ambani's Reliance Power has got 4.3 million investors after its larget IPO in Indian capital market history subscription. But each investor, who has applied for the issue, will get only 15 shares each in IPO.</p><p>4 lakh investors, who have applied for less than 225 shares, will not get any allotment. 3 lakh applications disqualified.</p><p>Share allocation process will end today. Excess share application money refund will begin on Friday.</p><p>Reliance Power, Anil Dhirubhai Ambani Group Company, had come out with an IPO of 22.8 crore shares with face value of Rs 10 each at a price band of Rs 405-450. Its issue had received an excellent response and subscribed 73.04 times and received bids worth about Rs 7.5 lakh crore.</p><p>The reserve portion of QIBs subscribed 83 times and non institutional investors 190 times and retail nearly 15 times.The issue received bids for 16.65 billion equity shares as against 22.8 crore shares on offer.</p><p>The company raised nearly Rs 10260 crore from this public issue excluding promoters’ contribution.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1103394769818442614.post-21509342357155864522008-01-23T10:39:00.001+05:302008-04-29T14:24:53.076+05:30Future Capital IPO Allotment Information<p>Future Capital IPO Allotment chances look very less to the retail investors because of the heavy subscription the IPO has generated. Future Capital IPO Allotment basis will be a lottery system for the retail investors and there would be very less allotment in the retail side. Investors who receive Future Capital IPO Allotment will definitely make good profits on the listing day as the Grey market premium of the Future Capital IPO is close to Rs 550. Allotment in Future Capital IPO will be available in the last week of January and the listing of Future Capital IPO is expected in the first week of February.</p><p>More information regarding the Future Capital IPO Allotment Status and the Listing date will be updated later.</p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1103394769818442614.post-26541422206660795362008-01-22T10:41:00.001+05:302008-04-29T14:25:54.608+05:30Emaar MGF IPO opens on Feb 01, price band Rs 610-690<p>Emaar MGF Land, a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, is entering the capital market with an initial public offering (IPO) of 102,570,623 equity shares of face value Rs 10 each for cash at a price to be determined through a 100% book building issue.</p><p>The issue will open for subscription on February 01, 2008, and will close on February 6, 2008. The price band has been fixed between Rs 610 and Rs 690 per equity share.</p><p>The issue has been assigned an IPO grading of 4 out of a possible 5 by the rating agency, CARE, a credit rating agency registered with the Securities and Exchange Board of India. The 4/5 CARE grading reflects 'above average’ fundamentals of the company.</p><p>At least 60% of the issue shall be allocated on a proportionate basis to qualified institutional buyers (QIBs), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to non institutional bidders and not less than 30% of the issue shall be available for allocation on a proportionate basis to retail individual bidders, subject to valid Bids being received at or above the issue price.</p><p>As of December 31, 2007, Emaar MGF had land reserves across India measuring to approximately 13,024 acres out of which it has development plans for approximately 12,028 acres, which in turn, is expected to provide it with a proposed saleable area of approximately 566 million square feet. The company estimates that its land reserves will provide it with a proposed saleable area of approximately 136.5 million square feet of plotted residential development (including built up villas); 318.8 million square feet of built up residential properties; 88.9 million square feet of commercial properties; 18.0 million square feet of retail properties; and 4,960 keys in hospitality properties as of December 31, 2007.</p><p>The issue proceeds will be used for part payment towards the acquisition of land and land development rights and related approvals for its ongoing and planned projects. The issue proceeds will also be used for the development and construction costs for project Palm Drive in Gurgaon. Palm Drive is a high quality residential development designed for “contemporary living in a green sanctuary setting” and is expected to include amenities such as a clubhouse, health club and parks. The development is within 20 kilometres of Delhi’s international airport.</p><p>For the six months ended September 30, 2007, the consolidated total income was Rs 5,017.4 million and the consolidated net profit was Rs 1,298.3 million.</p><p>The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The global co-ordinators and book running lead managers to the Issue are Enam Securities Private Limited and DSP Merrill Lynch Limited. The book running lead managers are Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and ICICI Securities Limited.</p><p></p><p><strong>ISSUE OPENS:</strong> February 01, 2008</p><p><strong>ISSUE CLOSES:</strong> February 6, 2008.</p><p><strong>PRICE BAND:</strong> From Rs 610 to Rs 690 per equity share.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1103394769818442614.post-20016949848114949902008-01-18T17:59:00.001+05:302008-04-29T14:27:23.507+05:30Reliance Power IPO subscribes 47 timesReliance Power Ltd's public issue has so far generated demand for shares worth more than $123 billion (Rs 4,84,227 crore) as bids continued to pour in on the last day of the Anil Ambani Group firm's IPO. The IPO received bids for 1,076.06 crore shares as against the 22.8 crore shares on offer, getting subscribed over 47.20 times so far, according to data available on National Stock Exchange till 1300 hrs.
The public offer has already set a number of records, including the highest amount to be raised at Rs 11,700 crore and the maximum demand generated. The previous biggest IPO in terms of funds raised was real estate firm DLF that mopped up over Rs 9,000 c rore, while the public issue of Adani's Mundra Port and SEZ Ltd had generated a demand of shares worth more than Rs 200,000 crore. The company is offering equity shares at a price band of Rs 405-450 per share. The issue had opened on January 15 and clos es today. The total size of the IPO is 26 crore shares, including promoters' contribution of 3.2 crore shares. The net issue to the public is 22.8 crore shares.
Reliance Power has a diversified portfolio of 13 medium and large-sized power projects under development and strategically located at various places across India, according to the company.
<span style="font-size:78%;">source: Hindu</span>Unknownnoreply@blogger.com13tag:blogger.com,1999:blog-1103394769818442614.post-86134735354155497712008-01-18T16:30:00.003+05:302008-04-29T14:28:36.761+05:30OnMobile Global IPO - OnMobile Global IPO opens on January 24th 2007OnMobile Global, a leading provider of telecommunications value added software products and services in India with an expanding international presence will enter the capital market with an initial public offering of 10,900,545 equity shares of Rs 10 each for cash at a price to determined through a book building process.
<strong>Issue Date
</strong>The issue will open on January 24 till January 29, 2008.
<strong>Price Band
</strong>The price band has been fixed between Rs 425 and Rs 450/equity share.
<strong>Issue Detail
</strong>The company is proposing a fresh issue of 8,613,356 equity shares and an offer for sale of 2,287,189 equity shares by Onmobile Systems Inc. The issue would constitute 18.99% of the fully diluted post issue paid-up capital of the company.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1103394769818442614.post-69942033311774860392008-01-17T11:00:00.000+05:302008-01-17T17:52:21.620+05:30Indian Stock Market Tips for January 17, 2008<ul><li>Future: BUY POWGRI (POWER GRID) JAN FUTURES CMP 142.15 Target 148 and 151 StopLoss 138.1 </li><li>Future: BUY BOMDYE (BOMBAY DYEING) JAN FUTURES CMP 938 Target 970 and 990 StopLoss 910 </li><li>Future: BUY STABAN (SBI) JAN FUTURES CMP 2443 Target 2480 and 2510 StopLoss 2415.1 </li><li>Book Partial Profit: BHEL JAN FUTURES at 2681 </li><li>Future: BUY WELGUJ (WELSPUN GUJARAT) JAN FUTURES CMP 517.5 Target 527 and 533 StopLoss 512.1 </li><li>Exit: INFTEC (INFOSYS TECHNOLOGY) at 1509 </li><li>Exit: SAIL at 249
Margin: BUY LANINF (LANCO INFRATECH) CMP 714.8 Target 735 and 748 StopLoss 701.1 </li><li>Margin: BUY INFTEC (INFOSYS TECHNOLOGY) CMP 1520 Target 1545 and 1560 StopLoss 1495.1 </li><li>Future: BUY BHEL JAN FUTURES CMP 2362 Target 2390 and 2420 StopLoss 2345.1 </li><li>Margin: BUY SAIL CMP 249.1 Target 254 and 258 StopLoss 246.1 </li><li>Margin: BUY NTPC CMP 262 Target 267 and 271 StopLoss 257.1 </li><li>Margin: BUY APOTYR (APOLLO TYRES) CMP 56 Target 58.8 and 60 StopLoss 54.1 </li><li>Exit: NIFTY JAN FUTURES at 5900 </li><li>Margin: BUY IDFC CMP 224.5 Target 229.5 and 233 StopLoss 221.1 </li><li>Future: BUY NIFTY JAN FUTURES CMP 5926 Target 5950 and 5975 StopLoss 5895 </li><li>Nifty Support at 5850 and resistance at 5984 Spot. </li><li>Margin: BUY BANIND (BANK OF INDIA) CMP 451 Target 458 and 463 StopLoss 446.1 </li><li>Margin: BUY RENSUG (RENUKA SUGAR) CMP 1242 Target 1275 and 1295 StopLoss 1225.1 </li><li>Margin: BUY BAJHIN (BAJAJ HINDUSTAN) CMP 321.5 Target 329 and 334 StopLoss 316.1 </li></ul>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1103394769818442614.post-50274086852304773282008-01-16T15:00:00.000+05:302008-01-16T15:36:29.747+05:30Future Capital IPO oversubscribed 116 timesThe initial public offer of Kishore Biyani-led Future Capital Holdings has been receiving overwhelming response since day one. Its issue has subscribed 100 times, according to sources.
Public issue received bids for 62.31 crore equity shares as against 64.22 lakh shares on offer.
Major response was seen from qualified institutional investors, whose reserved portion subscribed 106.26 times followed by 26.56 times in retail and 32.50 times in HNIs category.
The public offer expects to raise up to Rs 490 crore. The proceeds would be deployed in the company's consumer credit business - Future Money - which was launched in June 2007.
The price band for the IPO is between Rs 700-Rs 765. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
The issue would constitute 10.16 per cent of the post-issue paid-up capital of the company.
<span style="font-size:78%;">source: moneycontrol.com</span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1103394769818442614.post-42719107971244243452008-01-11T14:52:00.000+05:302008-01-11T14:57:14.399+05:30Future Capital Holdings IPO opens for subscriptionFuture Capital Holdings (FCHL), the financial services arm of the Future Group, is open for subscription with its initial public offering (IPO) of 6,422,800 equity <a oncontextmenu="return false;" id="KonaLink0" onmouseover="adlinkMouseOver(event,this,0);" style="TEXT-DECORATION: underline! important" onclick="adlinkMouseClick(event,this,0);" onmouseout="adlinkMouseOut(event,this,0);" href="http://www.moneycontrol.com/india/news/ipo-issues-open/future-capital-holdings-ipo-opens-for-subscription/14/40/320855" target="_top">shares</a> of Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue will close for subscription on January 16, 2008. It has fixed the price band between Rs 700 and Rs 765 per equity share.
The issue would constitute 10.16% of the post-issue paid-up capital of the company.
FCHL's three primary lines of business are <a oncontextmenu="return false;" id="KonaLink1" onmouseover="adlinkMouseOver(event,this,1);" style="TEXT-DECORATION: underline! important" onclick="adlinkMouseClick(event,this,1);" onmouseout="adlinkMouseOut(event,this,1);" href="http://www.moneycontrol.com/india/news/ipo-issues-open/future-capital-holdings-ipo-opens-for-subscription/14/40/320855" target="_top">investment</a> advisory services, retail financial services and research. Currently, the two main retail financial services products are consumption loans and personal loans. FCHL will also commence in the near future the distribution of financial products, including credit cards. It has entered into an agreement with ICICI Bank for marketing and distribution of the "Future Card", a credit card offering loyalty points.
The objects of the issue are to augment capital base to meet the future capital requirements arising out of growth and for other general corporate purposes including meeting the expenses of the issue.
The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
<span style="font-size:78%;">source: moneycontrol.com</span>Unknownnoreply@blogger.com0