IPO Updates: Cox and Kings IPO Subscribed 6.31 times, 0.98 times in Retail

Cox and King IPO closed on 20-Nov-09 for subscription.

Subscription status for Cox and King IPO :
1. QIBs : 9.9514
2. HNIs: 10.6975
3. Retail: 0.9813
4. Employee: 0.1076

Overall: 6.31

Employees quota is not subscribed fully! Retail portion is subscribed 0.9813 times. All the applied applications are supposed to get all the applied shares.



Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating, Novemeber IPO, Price band

IPO Updates: Mandhana Industries receives rating(grade) 3/5 from CRISIL

Mumbai based company Mandhana Industries, was incorporated in 1984 as Mandhana family. Mandhana Industries is engaged in the production of fabrics for domestic market and garments largely for export markets.

CRISIL has reaffirmed CRISIL IPO Grade 3/5 to the proposed initial public offer (IPO) of Mandhana Industries (MIL). This means according to CRISIL, Mandhana Industries has average fundamentals relative to other listed equity securities in India, according to their report.

Keywords: Mandhana Industries, 2009 IPO, Mandhana Industries IPO, CRISIL, CRISIL IPOgrading, CRISIL Ratings,

IPO Updates: Cox and Kings IPO, Experts views, Investment recommendation, subscribe?

Cox and King India Limited will open for subscription from november 18, 2009. What Experts predict about this IPO? Will it be a market mover?

Swastika Investmart : Apply (Midterm target: rs. 400)
SP Tulsian : Apply (Best for long term investment)
S G Panchal : Apply (It will give marginal listing benefit but good for mid-long term.


Cox and Kings (India) has been showing a consistent growth in its topline and bottomline for over the last 5 years. Total income of Rs 66 crore in FY06, grew to Rs 294 crore in FY09, while PAT rose to Rs 62.81 crore in FY09 from Rs 17.38 crore in FY06.



Strength:
1. Company’s brand has been evolved over a period of 250 years and is one of the oldest brands in the Travel & Tourism industry today.
2. The Company has a vast Geographical Presence, both Domestically and Internationally.
3. CARE has awarded Grade 4 to Cox & Kings (India) Limited, which translates to “Above Average Fundamentals” grade.

Weakness:
1. Big investors like Lehman, Deutsche Securities & Merrill Lynch using this IPO to exit as much as 58.82% of their respective holding in the company.
2. The Company is operating in geographies / overseas markets and products / services which are new to it and some of its subsidiaries and joint venture have not yet commenced commercial operations.
3. The Travel and Tours Industry is cyclical and sensitive to changes in the economy and this could have a significant impact on the operations and financial results of the Company.Fundamentals” grade.

Keywords: Cox and Kings (India) IPO, Cox and Kings (India) IPO rating, Cox and Kings (India) IPO Expert views,

IPO Updates: IPO Allotment Status for DEN Networks is available

Check IPO Allotment status for Den Networks IPO on Karvy.

This IPO received Poor response from Investors. Den Networks is listing on NSE and BSE on 9-Nov-2009.

Keywords: DEN IPO, Den Networks IPO Listing date, den networks allotment status

Cox and Kings IPO Details, Ratings, Lot size, Closing date, Allotment staus, Listing date

IPO Updates: Cox and Kings IPO opens for subscription on 18-Nov-09, Rs. 316-330

Keep visiting Karvy website for allotment status of Cox and King IPO
Cox and Kings IPO Issue Details:

* Issue Open: Nov 18, 2009 - Nov 20, 2009
* Type: 100% Book Built Issue IPO
* Size: 18,496,640 Equity Shares of Rs. 10
* Issue Size: Rs. 584.49 - 610.39 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 316 - Rs. 330 Per Equity Share
* Lot: 20 shares
* Max Order Quantity: 300 for retail investor (Rs. 99000)
* At: BSE, NSE
* Ratings: Grade 4 by CARE, means as per CARE, company has above average fundamentals
* Allotment Status: Coming soon!!
* Listing Date for Cox and Kings IPO: Coming soon!!

Subscription status for Cox and King IPO :
1. QIBs :
2. HNIs:
3. Retail:
4. Employee:

Overall:

Main Objectives of the Issue:

The objects of the Cox and Kings IPO, are to achieve the listing benefits on the Stock Exchanges & to raise capital to:

1. Investment in Overseas Subsidiaries
2. Investment in Corporate Office & Upgrading our existing Operations
3. Repayment of Loans
4. Acquisitions & Other Strategic Initiatives;
5. General Corporate Purposes
6. Meeting Fresh Issue related Expenses.

The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.

Details:

Cox & Kings (India) Ltd. was incorporated as ‘Eastern Carrying Company Limited’ on June 7, 1939. The name was subsequently changed to ‘Cox and Kings (India) Limited’ on February 23, 1950. Cox and Kings (India),is the oldest and famous name is holiday brands. It serves as a 'One Stop Shop' for all the travel and travel related products.

Cox and Kings IPO has fixed the price band for its initial public offering (IPO) at Rs 316-330/share.

CARE has assigned a 'CARE IPO GRADE 4' to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.


Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating, Novemeber IPO, Price band

IPO Updates: Cox and Kings IPO Received Grade 4 from CARE, will hit market soon

Cox and Kings (India) Limited has filed its DRHP with SEBI to enter the capital market with an IPO of 1.84 crore equity shares of Rs. 10 each for cash at a price to be decided through a 100% Book-Building Process.

Cox and Kings (India) Limited is one of the best tour operators in India. CARE has assigned IPO rating 4 to this IPO. This means company has above average fundamentals.

CARE assigns IPO grades on scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

The Equity Shares are proposed to be listed on BSE and the NSE.

Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating,

IPO Updates: Lodha Developers IPO expected in first week of December, others are in pipeline.

Lodha Developers IPO is expected to hit the primary market in first week of December-2009, encouraged by a revival in demand for homes, a top company official said on Wednesday. Lodha Developers filed their DRHP with SEBI in September-2009.

The Lodha builders, Mumbai-based construction company focuses on high-end residential apartments in and around India's financial capital, will use the proceeds for retiring debt, to fund fresh land acquisitions and for working capital for existing projects.

"We hope to get approval from the regulator by November-end. We can then launch by mid-December. Otherwise, we will launch by mid-January," Managing Director Abhisheck Lodha told Reuters.

More than 16 Indian developers have filed papers for public offers in the past two months, looking to raise a total of about USd 6 billion, following a revival in demand for homes in markets such as Mumbai and New Delhi.

Developers expected to hit the market soon include Emaar MGF, a joint venture between Indian financier MGF and the UAE's Emaar Properties, Sahara Prime City, Oberoi Constructions and Godrej Properties, a unit of Godrej Industries.

Lodha reported net profit of 957 million rupees in 2008/09, up 77% from the previous year, while income from operations rose almost three-quarters to Rs 9.5 billion, according to its draft prospectus.

It had a net worth of Rs 2.66 billion, translating to Rs 12.21 per share with face value of Rs 5.
JPMorgan, Citigroup, CLSA, Credit Suisse, Nomura, Enam, Kotak, Global Trustcapital and SBI Capital Markets are the book running lead managers to the issue.

Keywords: Lodha Developers IPO, Godrej Properties Limited, December IPO, Emmar MGF, Sahara Prime City, Oberoi Constructions,

IPO Updates: JSW Energy IPO coming soon, a part of Jindal South West (JSW) group

JSW Energy is working in power generation since 2000. JSW Energy, subsidiary company of Jindal South West (JSW) group is entering the primary market to raise a minimum of Rs. 2600 crore from the issue.

JSW Energy's IPO is likely in last week of November or early December, 2009. The company has filed its DRHP with SEBI on 14-August 2009

JSW Energy's 560 MW plant in Karnataka is already operational while 3090 MW projects were under construction. The company has definative offtake for 1986 MW. Over and above that it has four projects of 7740 MW in hand to be completed between August 2014-2015.

Keywords: JSW Energy IPO, upcoming IPOs, November IPO

IPO Updates: Godrej Properties IPO coming in two months

Godrej Properties Limited (GPL) has updated DRHP on 28-Oct-09 and will be open for subscription in near future.
Chairman of Godrej Group, Mr. Adi Godrej has confirmed the Godrej IPO in upcoming two months.

It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. Though Godrej Industries reported a fall in sales, profits have more than doubled. Mr Adi Godrej, Chairman, Godrej Group, spoke to Business Line on various developments and the road ahead.


Keywords: GPL, Godrej Properties Limited, Adi Godrej, IPO, Godrej Properties Limited IPO,

IPO Updates: Intrasoft Technologies (123Greetings.com) Planning IPO, Files paper with SEBI

Intrasoft Technologies, owner of 123greetings.com is planing to enter primary market. Intrasoft Technologies filed a DRHP with the Securities & Exchange Board of India (SEBI) for a public issue of 37,00,000 equity shares of Rs 10 each on 05-Nov-09. The issue will constitute 25.12% of the post issue paid up capital of the company.

For the period ended March 31, 2009, the company reported total income of Rs 10.52 crore and profit after tax of Rs 5.2 crore.

Intrasoft Technologies is planning to use over Rs 35 crore for three purposes:
1. Proceeds for branding & promotion
2. Purchasing a corporate office at Kolkata
3. Investing in Technologies.

According to comScore Media Metrix, Website was the largest (by number of Unique Visitors) electronic greeting cards website in India with a sum total of 1,46,08,169 Unique Visitors during the twelve month period from September 2008 to August 2009. Website received a sum total of 22,56,11,000 page views and 19,31,99,000 minutes during this period, according to comScore Media Metrix.

Lead managers : Anand Rathi Advisors Ltd & Collins Stewart Inga Pvt Ltd

Registrar : Link Intime India Pvt Ltd




Keywords: Intrasoft Technologies, SEBI, DRHP, Upcoming IPOs

IPO Updates: Astec LifeScience Limited IPO clsoing tomorrow, subscription details, Day 3

Poor response from HNI investors, Astec LifeScience is not able to subscribed fully.
This IPO is opened from Oct 29, 2009 to Nov 04, 2009.


Subscription status for Astec LifeScience Limited IPO : (Day 3)

1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4956
4. Employee: 0.1763

Overall: 0.4300

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