Lovable Lingerie IPO subscribed over 10 times

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.
Reserved portion of QIBs was subscribed 21.87 times. Retail and non-institutional investors' portion was subscribed around 3 times.
The company plans to raise about Rs 93.28 crore at higher end of price band of Rs 195-205 a share.

20 Micron IPO opens on 8th September

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.

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.

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.

The equity shares are proposed to be listed on BSE and NSE.

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.

Vishal Information Technologies Limited IPO Opening

About the company:

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.

Special points: 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)

Objects of the Issue

• To finance the cost of expansion of the facilities in Chennai;
• To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;
• To set up a subsidiary in the United Kingdom and United States of America;
• General Corporate Purposes;
• Meeting the Public Issue Expenses.

Important Points:

• Opening on: 21-Jul 2008
• Closing on: 24-Jul 2008
• Size (Equity Shares): 27,90,000
• Type: 100% Book Built Issue (Initial Public Offer IPO)
• Face Value: Rs. 10/-
• Price Rang/ Price Band: Rs 140 to Rs 150

Adani Power plans IPO of Rs. 5000/- Crores

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.

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.

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.

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.

Gokul Refoils and Solvent IPO to open May 8, 2008

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.

The company has fixed a price band of Rs 175-Rs 195 per share. The issue will close on May 13.

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.

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.

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.

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.

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.

Anu's Lab files DHRP with SEBI for IPO

Hyderabad-based Anu's Laboratories has filed draft red herring prospectus with Sebi to raise around Rs 800 million from the capital markets.

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.

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.

Aishwarya Telecom's IPO on 15 April 08

Aishwarya 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.

RITES IPO: files DRHP with SEBI.

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.

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.

source: rupya.com

NHPC's IPO in Second quarter

National 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. source: moneycontrol.com

Future Capital IPO got listed; Ends at 19% premium

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.

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.

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.

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.

source: moneycontrol.com

Emaar MGF revises IPO price band at Rs 540-630

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.

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.

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.

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.

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.

source: moneycontrol.com

Future Capital IPO to List on 1st February 2008.

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.

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.

Reliance Power IPO Allotment Information

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.

4 lakh investors, who have applied for less than 225 shares, will not get any allotment. 3 lakh applications disqualified.

Share allocation process will end today. Excess share application money refund will begin on Friday.

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.

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.

The company raised nearly Rs 10260 crore from this public issue excluding promoters’ contribution.

Future Capital IPO Allotment Information

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.

More information regarding the Future Capital IPO Allotment Status and the Listing date will be updated later.

Emaar MGF IPO opens on Feb 01, price band Rs 610-690

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.

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.

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.

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.

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.

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.

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.

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.

ISSUE OPENS: February 01, 2008

ISSUE CLOSES: February 6, 2008.

PRICE BAND: From Rs 610 to Rs 690 per equity share.

Reliance Power IPO subscribes 47 times

Reliance 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. source: Hindu

OnMobile Global IPO - OnMobile Global IPO opens on January 24th 2007

OnMobile 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. Issue Date The issue will open on January 24 till January 29, 2008. Price Band The price band has been fixed between Rs 425 and Rs 450/equity share. Issue Detail 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.