Lodha Developers & Oberoi Constructions have filled their DRHP with SEBI

Lodha Developers is targeting to raise Rs 2,790 crore in the Draft Red Herring Prospectus (DRHP) filled DRHP with SEBI yesterday. With a host of realty initial public offers (IPOs) set to hit the markets.

Oberoi Constructions, yet another real estate major, too is looking to raise about Rs 1,500 crore.

What I understand from the DRHP of Lodha is that the capital raised target is Rs 2,790 crore—that is the exclusive detail we have from the DRHP.

Another DRHP filing that we can expect going forward is Oberoi Constructions and that is looking to raise about Rs 1,500 crore. Morgan Stanley already has a 10% stake in the company which it had picked up in January 2007—that valued the company at Rs 6,570 crore. We understand that Morgan Stanley will remain the lead investor in their IPO issue as well and since then the company has doubled its land bank.

It is a zero-debt company at the moment and it’s not surprising that there will be no pre-IPO placement. So the target for valuation for Oberoi Construction is anywhere between Rs. 13,000-15,000 crore. Kotak Mahindra and Enam Securities are likely to be lead book runners along with Goldman Sachs and JP Morgan. We understand that Amarchand Mangaldas is acting as legal advisors and the extent of stake dilution is 10-11% by the promoters. DRHP is expected to be filed within this month.

OIL India listed at 8% premium

Oil India Limited listed on BSE and NSE with 8.62% premium as per the experts predicted. OIL ended its day with huge premium of 8.10% to it's original price Rs. 1050.00

The share closed at Rs 1,135 on the NSE.
On the NSE, the share had listed at Rs 1,096, at a premium of 4.38% to its issue price. It touched an intraday high of Rs 1,156.70 and intraday low of Rs 1,090. The total traded quantity was 1,97,45,996 shares and turnover was at Rs 2,23,852.46 lakh.

On the BSE, the share closed at Rs 1,140.55 at a premium of 8.62% to its issue price. The share had opened at Rs 1019, below its issue price. It touched an intraday high of Rs 1,156 and intraday low of Rs 1,019

The issue saw the highest ever subscription in the year 2009 and was oversubscribed 30.82 times.

The objects of the issue were to fund requirements for fiscal 2010 and 2011 towards exploration and appraisal activities; development activities in producing fields and purchase of capital equipments and contracts for facilities.

OIL India Limited is listing on Sep 30, 2009. Expected premium Rs. 30-40

After receiving remarkable response from the investors, Oil India Limited(OIL) is Listing on BSE & NSE on September 30, 2009, Wednesday. It has fixed its issue price at Rs 1,050/share.

It had come out with an initial public offering (IPO) of 264.5 lakh equity shares of face value Rs 10 each and raised over Rs 2,777 crore. The issue saw the highest ever subscription in the year 2009 and was oversubscribed 30.82 times.

Experts are predicting Rs. 35-40 premium over the issue price of Rs. 1050.00

What experts says:

SP Tulsian: It is likely to slip below issue price. "One can consider buying the stock below Rs 1,000 on the day of listing. In the near term, the stock may stabilise around Rs 900-950 per share," he added.

Manish Bhatt said,"The stock looks good for the long term so one who has a long term vision better stay invested."

Avinash Gorakshakar said, in the longer term the stock had the potential to touch Rs 1300-1400 levels based on FY11 earnings. However, he said, "If the opening price is below Rs 1100 then it can be a good value for long term investment. The stock will stabilised around Rs 1100-1150 in the near term. One should capitalise by remaining invested in the IPO as the short term gains may not be large but longer term prospects look good.The stock looks strong with long term perspective considering the company's strong financial track record and increasing asset base."

Dipan Mehta, Member, BSE/NSE said, the listing would be more or less flat, 3-5% move from its issue price. "What we have seen with the initial public offerings (IPO) which have got listed in this calendar year - more or less they will have one-two days of fantastic volume and maybe flipping of the stocks which the investors have bought during the IPO and then gather into kind of a range. So nothing much to look forward to as Oil India is concerned," he added.

IndiaBulls Power IPO is cleared by SEBI, Likely to hit the market in October end. Expected price band Rs. 50-60

IndiaBulls Power had filed its DRHP (draft red herring prospectus) with the SEBI on July 15, 2009. Today SEBI shows green signal to IndiaBulls power IPO. SEBI (Securities & Exchange Board of India) is a regulator body of Indian market. IndiaBulls Power IPO is likely to hit the primary market in last week of October. For the financial year 2008 - 2009, it has reported profit of Rs 82.96 crore on total income of Rs 141.34 crore on the consolidated basis.

This subsidiary of Indiabulls Realty is expected to rise around Rs 2,000 crore from the market. The proceeds of the issue will be used to part finance the construction and development of the 1,320 MW Amravati Power Project Phase – I (Rs 775 crore from the issue) and for funding equity contribution in the company’s wholly owned subsidiary, IRL, to part finance the construction and development of the 1,335 MW Nashik Power Project (Rs 660 crore from the issue).

It is coming out with an IPO of 33.98 crore equity shares of Rs 10 each. There will also be a green shoe option of up to 50,900,000 equity shares, which will take the issue size to 39.07 crore shares. Before the green shoe option, the issue will constitute 16.98% of the fully diluted post issue paid-up capital of the company and post the green shoe option - 19.06%.

The Company has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. Projects include -:

1. Amravati Phase I Power Project
2. Nashik Power Project
3. Bhaiyathan Power Project
4. Amravati Phase II Power Project
5. Chhattisgarh Power Project

Morgan Stanley India Company Pvt Ltd is the book running lead manager and Karvy Computershare Pvt Ltd is the registrar to the issue. The IPO’s price band is seen at Rs 50-60 per share, sources added.

Upcoming IPOs

Guys, be ready for crackers in market. It's time to decorate your portfolios with glittering upcoming IPOs.

Company (Date of filing DRHP with SEBI)

1. ACB India (DRHP file date: 29-Sep-14)
2. Videocon D2H (DRHP file date: 29-Sep-14)
3. MEP Infrastructure Developers (DRHP file date: 29-Sep-14)
4. Shree Pushkar Cbemicals and Fertilizers (DRHP file date: 26-Sep-14)
5. Uniparts India (DRHP file date: 25-Sep-14)
6. PNC Infratech (DRHP file date: 25-Sep-14)
7. Enn Tee International (DRHP file date: 25-Sep-14)
8. CL Educate (DRHP file date: 25-Sep-14)
9. Ortel Communications (DRHP file date: 12-Sep-14)
10. Rashtriya Ispat Nigam (DRHP file date: 22-Sep-14)
11. Monte Carlo Fashions (DRHP file date: 9-July-14)
12. Lavasa Corporation (DRHP file date: 30-Jun-14)
13. Adlabs Entertainment (DRHP file date: 20-May-14)

... Many more

Keep visiting for more updates

Thinksoft Global Services Ltd IPO Price band and Subscription date extended.

Due to poor response to the initial public offer from investors, Thinksoft Global Services Ltd has extended IPO closing date and price band.

Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Thinksoft Global Services Ltd will close on OCT 01, 2009 instead of the earlier closing day on Sep 24, 2009 Further price band has revised from Rs 120 /- to Rs 130 /- per share to Rs 115 /- to Rs 125 /- per share.

Thinksoft Global Services Ltd IPO closes today

Thinksoft Global Services Limited was incorporated on June 8, 1998 as Relliant Global Services (India) Private Limited in Bangalore, Karnataka.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for establish new testing center, to meet issue expenses, to get the shares listed on Stock Exchanges.

Issue Detail:

• Issue Open: Sep 22, 2009 - Sep 24, 2009
  Issue Size: 3,646,000 Equity Shares of Rs 10
  Issue Size (Rs Crore): 43.75 - 47.40
  Face Value: Rs 10 Per Equity Share
  Issue Price: Rs 120 - Rs 130 Per Equity Share (Lot size: 50)
  Listing At: BSE, NSE

ICRA has assigned an IPO Grade 2 to Thinksoft Global Services Ltd IPO. You can view its prospect here

Tag from Author: Avoid

QIB: 0.00
HNI: 1.0985
Retail: 1.2954
Total: 0.62

Euro Multivision Limited IPO Closes Today

Multivision Limited (EML) is the second largest company engaged in the manufacturing of CD and DVD's. EML's manufacturing unit is situated at Kutch, Gujarat.

Company is planning to make an entry into the Photovoltaic business by manufacturing solar cells used for generation of electrical energy with a capacity of 40MW per year at a total cost of Rs.16756 lacs. Company is propose to set up this photovoltaic plant in a Special Economic Zone (SEZ). EML has already acquired 28.75 acres of land for setting up the SEZ adjacent to the existing manufacturing unit at Bhachau, Kutch, Gujarat.

Issue Detail:

• Issue Open: Sep 22, 2009 - Sep 24, 2009
  Issue Size: 8,800,000 Equity Shares of Rs 10
  Issue Size (Rs Crore): 61.60 - 66.00
  Face Value: Rs 10 Per Equity Share
  Issue Price: Rs 70 - Rs 75 Per Equity Share (Lot size: 90)
  Listing At: BSE, NSE

CARE has assigned an IPO Grade 3 to Euro Multivision Limited IPO. You can view EML's prospect here

Current subscription status:
QIB : 1.2348
HNI : 3.7807
RETAIL: 1.8934
Employee: 0.3119
Total: 1.8100

Tag from Author: Avoid

Expected Allocation date: 20-Oct-09

OIL India Limited

Oil India Ltd., (OIL) is a large natural gas and petroleum company in India under the administrative control of the Ministry of Petroleum and Natural Gas of the Government of India. OIL is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas.

Oil India Ltd IPO allotment Status is out. This can be seen Here

OIL india Ltd is listing on 29, 2009

Oil India Ltd IPO was open during Sep 07, 2009 to 10, 2009. OIL IPO was oversubscribed by 30.82 times (1.7642 times in retail).

Total Issue Size 26449982
Total Bids Received 815215116
Total Bids Received at Cut-off Price 11777586
No. of times issue is subscribed 30.82

Investors who have not opted for ABAP will start getting refund from tomorrow. If not received witin 10 working days then contact:

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: ganapathy@karvy.com
Website: http://karisma.karvy.com