IPO News and Updates | IPO Allotment Status | BSE NSE India

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

2009-11-21T09:17:00.000-08:00

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

2009-11-17T09:04:00.000-08:00

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?

2009-11-17T08:53:00.000-08:00

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

2009-11-17T08:49:00.001-08:00

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

2009-11-15T00:21:00.000-08:00

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

2009-11-12T08:48:00.000-08:00

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.

2009-11-12T08:28:00.000-08:00

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

2009-11-10T08:48:00.000-08:00

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

2009-11-06T08:23:00.000-08:00

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

2009-11-06T08:06:00.000-08:00

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

2009-11-03T07:59:00.000-08:00

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

Ask a Question

2009-11-02T08:42:00.000-08:00

Hi Folks,

List down your all IPO related questions... All you always wanted to know about IPO. Basic concepts related to IPO. Ask me a question in comment section.

Want to know about upcoming IPOs? What is IPO? Who decides the price band? What is IPO rating procedures? Can a minor apply for IPO? What is the maximum limit for a retail investors? Can I cancel the IPO application?

Have question related to IPO? Start shooting them. I would try my best to answer your IPO related queries.

Avesthagen IPO will hit the Primary market in Mid - 2010

2009-10-31T07:45:00.000-07:00

About Avesthagen:
The business model of Avesthagen is to combine IP & product development through in-house research and collaborations. Avesthagen has built and continues to build an integrated, systems biology approach of capabilities, products, infrastructure and technology that allows for and facilitates ‘cross talk’ between numerous disciplines, leading to unique and innovative solutions. We employ 450 people worldwide and are headquartered in Bangalore, India.

The Bangalore-based company Avesthagen is planning to hit the capital market in Mid- 2010. Avesthagen wanted to raise money through IPO last year 2008, but had deferred its plans owing to choppy market conditions.

“We want the market to stabilise and investor confidence to return before entering the market. We believe that sometime in the June-July period next year, the market will stabilise,” Dr Villoo Morawala Patell, CMD of the company, said.

"We are looking at raising some Rs 700-800 crore through the IPO and pre-offer placements in the first half of 2010 to fund our various expansion programmes,” She added.

Keywords: Avesthagen IPO, IPO, capital market, 2010 IPO, Dr Villoo Morawala Patell

IPO Updates: Den Networks IPO managed to reach full subscription status: Subscribed total 1.0400 times

2009-10-31T07:25:00.000-07:00

Den Networks IPO closed for subscription. Total subscription status is as below:

Subscription status for DEN Networks IPO: (Closed)
1. QIBs : 1.0004
2. HNIs: 4.1244
3. Retail: 0.0963
4. Employee: 0.6809

Overall: 1.0400

Every application will get assured allotment. The investors might be disappointment who invested to get the listing benefit. This will be a good deal for long term.

Den Networks IPO Listing date: Den Networks IPO is listing around 16-November-09. (Approx)

Keywords: DEN IPO, Den Networks IPO, Den Networks IPO Subscription details

IPO Updates: Indiabulls Power IPO Listing tomorrow, What's experts expecting from it?

2009-10-29T09:51:00.000-07:00

Indiabulls Power IPO is listing tomorrow on NSE & BSE.

Indiabulls Power IPO Listing tomorrow, What's experts expecting from it?

SP Tulsian (Investment Advisor) : The stock may list below its issue price of Rs 45 and may even go dip below Rs 42

Manisha Bhatt (Prabhudas Lilladher) and Avinash Gorakshakar (Head of Research, Reliance Money) : The stock to list around Rs 45-50.

Although this would be a good deal for long term investment.

IPO Updates: DEN Networks IPO, Avoid : Experts

2009-10-29T09:44:00.000-07:00

Experts views on DEN networks IPO:

DEN Networks Limited is opened for subscription from 28 October, 2009 to October 30, 2009. RR Financial Consultants has carried out a report on the IPO of DEN Networks.

Investors having time horizon of two to three years could subscribe for the issue. The issue is of up to 20,000,000 equity shares of Rs 10 each with a price band of Rs 195-205 per share, research firm recommended avoiding the IPO in anticipation of immediate listing gains.

Though the telecom regulator mandating conditional access in 55 cities across the country by 2011 is a positive for the company, there may still be limited scope for growth in subscriber’s industry challenges.

Keywords: DEN IPO, Den Networks IPO, IPO, ipo listing, IPO Ratings, listing date, October IPO, Experts review

IPO Updates: Astec Life Science IPO subscribed 0.27 on it's first day, Avoid this IPO: Experts

2009-10-29T09:36:00.000-07:00

Subscription status for Astec LifeScience Limited IPO: (At the end of Day 2)

1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4473
4. Employee: 0.0270

Overall: 0.4100

Astec LifeScient Limited got Grade 2 by CARE, means as per CARE, company has below average fundamentals.

Expterts review: Avoid this IPO

Keywords: Astec LifeScience Limited, Astec LifeScience Limited IPO, Astec LifeScience Limited subscription details

IPO Updates: Den Networks Limited IPO subscribed 0.15 on it's first day, What Experts say?

2009-10-28T10:16:00.000-07:00

Subscription status for DEN Networks IPO: (Closed)
1. QIBs : 1.0004
2. HNIs: 4.1244
3. Retail: 0.0963
4. Employee: 0.6809

Overall: 1.0400

DEn Networks IPO got grade 3 by ICRA, means as per ICRA, company has Average fundamentals.

Experts had mixed views on the issue. Moneycontrol.com conducted a poll to find out if one should subscribe to the issue or not.

As per Manisha Bhatt of Prabhudas Lilladher, investor should stay away from this IPO where as Avinash Gorakshakar, Head of Research at Reliance Money and SP Tulsian advised to subscribe to the issue.

Avinash Gorakshakar, Head of Research at Reliance Money has recommended investors to subscribe to the issue for medium to long-term and not just for listing gains. "Investors can make good appreciation in this issue over a medium term horizon. Listing gains could also be possible but this depends on the market sentiment and overall response by large QIB investors."

Keywords: DEN IPO, Den Networks IPO, IPO, ipo listing, IPO Ratings, listing date, October IPO

IPO Updates: Indiabulls Power IPO is listing on October 30, 2009

2009-10-28T10:02:00.000-07:00

Indiabulls Power IPO is listing on October 30, 2009. This subsidiary company of Indiabulls group was open for subscription on October 12 and closed on October 15, 2009.

For Allotment status of Indiabulls Power IPO visit: Karvy allotment status

IBPL IPO listing is expected to be with marginal premium and will see the positive closing. This share is listing on BSE and NSE. This IPO received an overwhelming response from investors especially QIBs. Indiabulls Power IPO subscribed total 40 times. It issue price was Rs. 45/share.

Keywords: IBPL, I allotment status, indiabulls IPO, Indiabulls listing date, ipo listing, listing date, October IPO

IPO Updates: Indiabulls Power IPO Allotment status is available now!

2009-10-27T00:19:00.000-07:00

Indiabulls Power IPO Allotment status is available now!

You can check the allotment status at: Karvy

Log the comment for refund and allotment related questions and queries...

IPO Updates: Consider DEN Networks for midterm Investment: ET

2009-10-26T10:04:00.000-07:00

As per The Economic times, DEN network should be considered as a mid to long term investment.

DEN Networks Limited is one of the largest national cable television companies in India established in 2007. DEN Networks is in the business of distribution of analog and digital cable television services.

ICRA has given 3/5 ratings to Den networks Limited, this means as per ICRA, company has Average fundamentals

Valuation comparison with competitors:
The IPO is priced at around 4.5 times its book value (based on post IPO networth), which compares favourably with Wire & Wireless (5x) and Dish TV (6x), its two key listed peers.

The company’s main strategy is to digitise its analogue subscribers. For this the company would be purchasing 7,17,500 set-top boxes. For the quarter ended June, the company reported revenues of Rs 99 crore from its cable business and a further Rs 109 crore came from its STAR-DEN operations during the same period.

IPO Updates: Post Diwali crackers by Thinksoft Global Services, Ended with fabulous 32% return

2009-10-26T09:50:00.000-07:00

Thinksoft Global Services listed today on BSE & NSE. ThinkSoft listed with marginal premium of Rs. 1 which is 0.8% to its issue price, but ended its first trading session at a huge premium of 32.80% to its issue price of Rs 125. On BSE it listed at Rs. 100.

On NSE:
Intra-day low of Rs. 126 and high was Rs. 169.80. The share closed at Rs 166 on the NSE. The total traded quantity was 2,62,47,157 shares and turnover was at Rs 40769.71 lakh.

On the BSE, the share closed at Rs 164.30 at a huge premium of 31.44% to its issue price. It touched an intraday high of Rs 170 and intraday low of Rs 100. It was a post diwali crackers in the Market.

The issue was of 36,46,000 equity shares and was subscribed 2.57 times. IT opened for subscription during September 22-October 1, 2009.

Thinksoft Global Services had reduced its IPO price band to Rs 115-125 from Rs 120-130 per share, due to poor response from investors.

IPO Updates: IPO of telecom major Bharat Sanchar Nigam Limited (BSNL) has been deferred, awaiting Govt decision

2009-10-24T09:36:00.000-07:00

Bharat Sanchar Nigam Ltd (BSNL) IPO was planning to hit the market in current financial year, but the plan has been deffered.

Mr Kuldeep Goyal, Chairman and Managing Director, BSNL, said, “As of now, I do not think it is on the immediate radar. It would be difficult to acquire the IPO in current financial year”

“The Government has to take a decision on it. We are waiting for the decision.” he added.

The government would need to time the listings of various public sector undertakings, and for BSNL, there is no particular timelineas of now.

Godrej Properties Limited (GPL) updated DRHP filled with SEBI, plans IPO in near future

2009-10-24T09:14:00.000-07:00

Godrej Properties Limited (GPL) updated their DRHP today expected to hit the primary market with its IPO (initial public offering) issue soon. GPL filled their DRHP for public issue last year in June 2008. Godrej Industries holds 82% in the GPL.

As per the DRHP filed in June 2008, IPO proceeds will be used for acquisition of land development rights for forthcoming projects, construction of forthcoming projects and repayment of loans.

9 crores shares will be diluted to raise about Rs 600 crore via the IPO issue To the extent of stake sale, it is going to be 13.5%. But what might change is that before the company was actually mulling a 3.5% placement pre-IPO and now as we understand it is looking at 13.5% stake sale via the IPO issue by itself, primarily because the pre-IPO placement will be very close on heels with its IPO issue.

New updated DRHP is still awaited.
ICICI Securities and Kotak Mahindra are bankers to the issue.

IPO Updates: Astec LifeScience Limited IPO details,Closing date, allotment status, Listing date

2009-10-24T08:50:00.000-07:00

Astec LifeScience Limited IPO Issue Details:

* Issue Open: Oct 29, 2009 - Nov 04, 2009
* Type: 100% Book Built Issue IPO
* Size: 7,500,000 Equity Shares of Rs. 10
* Issue Size: Rs. 57.75 - 61.50 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 77 - Rs. 82 Per Equity Share
* Lot: 75 shares
* Order Quantity: 1200 for retail investor (Rs. 98400)
* At: BSE, NSE
* Ratings: Grade 2 by CARE, means as per CARE, company has below average fundamentals
* Allotment Status: Coming soon!!
* Listing Date for Astec LifeScience Limited IPO: November 20, 2009 (Approx.)

Subscription status for Astec LifeScience Limited IPO : (Day 2)
1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4473
4. Employee: 0.0270

Overall: 0.4100

Details:
Astec Lifesciences Limited was established in 1994. The company engaged in business of Agrochemicals and Pharmaceuticals. active ingredients and intermediates like Hexaconazole, Tebuconazole, Metalaxyl and Propiconazole are their main product in agrochemicals and pharmaceutical segment.

The company has manufacturing units, two units at Mahad, Maharashtra and one unit at Dombivli, Maharashtra. Astec Lifesciences Limited has been granted ISO 9001:2000 Certificate of Assessment by International Standards Certification Pvt limited, Australia for “Design, Development, Manufacture and Supply of Organic Chemical and Intermediates for Pharmaceutical and Agrochemical Industry”.

Main Objectives of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for :

1. Expansion of our existing Research and Development facility at Dombivli, Maharashtra
2. Expansion of our existing manufacturing facilities at Mahad, Maharashtra
3. Meeting Registration expenses
4. Meeting long-term working capital requirements
5. General Corporate Purposes
6. Issue Expenses

Company Contact Information

5-5A, 4th floor,
Kamanwala Chambers, Sir P. M. Road,
Fort, Mumbai - 400001
Phone: +91-22-2261 8212-13
Fax: +91-22-2261 8289
Email: ipo@astecls.com
Website: http://www.astecls.com

Registrar of the Issue:
Bigshare Services Pvt. Ltd
Bigshare Services Pvt. Ltd.E-2,
Ansa Industrial Estate,Saki-Vihar Road,
Sakinaka,Mumbai - 400 072.

Phone: +91-22-2847 0652
Fax: +91-22-2852 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

IPO Updates: Den Networks IPO Price band: Rs. 195-205 per share, Lot size : 30 shares

2009-10-24T08:43:00.000-07:00

Den Networks IPO will be open for subscription from October 28, 2009 to October 30, 2009. The company has fixed it's share price Rs. 195- 205/share.

DEN Networks Limited, one of the largest national cable television companies in India, established in 2007. The company is in the business of distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”.

The company filed its DRHP with SEBI on August 10, 2009. The company is planning an IPO of 2 crore equity shares of Rs 10 each, as per the DRHP filed with SEBI. The net issue would constitute nearly 15% of the post issue paid-up capital of the company.

Lot size might be 30 shares. Retail investor can invest upto Rs. 98400 which are 480 shares maximum.

IPO Updates: Thinksoft Global services is listing on 26-October-2009, Issue priced at Rs 125 per share

2009-10-22T09:37:00.000-07:00

For Allotment status of ThinkSoft Global services visit: Karvy IPO Allotment status

Thinksoft Global Services IPO is lisitng on BSE & NSE on October 26, 2009. Thinksoft Global Services has fixed its issue price at Rs 125 per share. This IPO subscribed 2.25 times as per the NSE website. The issue received total bids for 82,13,950 shares against its issue size of 36,46,000.

The issue was scheduled to close on September 24 but was extended due to cold response from investors. The closing date was extended to October 1, and price band was modified from Rs. 120-130 to Rs. 115-125 per share.

The company had come out with an initial public offering (IPO) of 36,46,000 equity shares, which was subscribed 2.57 times.

IPO Updates: Den Networks Limited IPO Details, Ratings, Closing date, Allotment status, Listing date

2009-10-21T09:52:00.000-07:00

DEN Networks IPO Issue Details:

* Issue Open: Oct 28, 2009 - Oct 30, 2009
* Type: 100% Book Built Issue IPO
* Size: 20,000,000 Equity Shares of Rs. 10
* Issue Size: Rs. 390.00 - 410.00 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 195-205 per Equity Share
* Lot: 30 shares
* Order Quantity: 480 shares (Rs. 98400 maximum) for retail investor
* At: BSE, NSE
* Ratings: IPO Grade 3 by ICRA, means as per ICRA, company has Average fundamentals
* Allotment Status: Coming soon!!
* Den Networks IPO Listing date: Den Networks IPO is listing around 19-November-09. (Approx)

Subscription status:
1. QIBs : 0.2484
2. HNIs: 0.0003
3. Retail: 0.0345
4. Employee: 0.0000

Overall: 0.1500

Other related links and updates for DEN Networks Limited:

* IPO Updates: DEN Networks plans IPO on Oct 28, to raise $100 mn : sources

DEN Networks Limited is one of the largest national cable television companies in India established in 2007. DEN Networks is in the business of distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”.

The company filed its DRHP with SEBI on August 10, 2009. The company is planning an IPO of 2 crore equity shares of Rs 10 each, as per the DRHP filed with SEBI. The net issue would constitute nearly 15% of the post issue paid-up capital of the company.

Click here to read DRHP of DEN Networks.

Deutsche Equities India Pvt Ltd and Antique Capital Markets Pvt Ltd are the registrar to the issue. Karvy Computershare Pvt Ltd is the registrar.

For the year ended March 31, 2009, it has reported loss of Rs 13.8 crore and total income of 271.11 crore.

Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:

1. The development of cable television infrastructure and services;
2. The development of cable broadband infrastructure and services;
3. To invest in acquisition of content and broadcasting rights;
4. To repay certain loans availed by the Company;
5. Fund expenditure for general corporate purposes.

Company Contact Information
Registered Office :
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
Phone: + (91 11) 4052 2225
Fax: + (91 11) 4052 2203
Email: jatin.mahajan@denonline.in
Website: http://www.digitelly.in

Registrar of the Issue
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:
Website: http://karisma.karvy.com

IPO Updates: DEN Networks plans IPO on Oct 28, to raise $100 mn : sources

2009-10-20T09:49:00.000-07:00

DEN Networks is planning to launch $100 million initial public offering on October 28, reports CNBC-TV18 quoting Agencies. DEN Networks is in the business of distribution of analog and digital cable television services. The business are for this company is currently the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala.

Den intends to use funds raised via IPO for investing in
1. Development of cable television infrastructure and services
2. Development of cable broadband infrastructure and services
3. Acquisition of content and broadcasting rights
4. Repaying certain loans availed by the company and funding expenditure for general corporate purposes.

The company filed its DRHP with SEBI on August 10, 2009. The company is planning an IPO of 2 crore equity shares of Rs 10 each, as per the DRHP filed with SEBI. The net issue would constitute nearly 15% of the post issue paid-up capital of the company.

Deutsche Equities India Pvt Ltd and Antique Capital Markets Pvt Ltd are the registrar to the issue. Karvy Computershare Pvt Ltd is the registrar.

For the year ended March 31, 2009, it has reported loss of Rs 13.8 crore and total income of 271.11 crore.

IPO Updates: Entertainment World Developers (EWD) plans IPO in near future, to raise Rs 400-500 crore

2009-10-20T09:41:00.000-07:00

Entertainment World Developers (EWD) is planing to raise Rs 400-500 crore via IPO (initial public offering). In Entertainment World Developers, Phoenix Mills holds 40% of it's shares. Another 60% of the subsidiary is held by Manish Kanani.

Phoenix Mills had bought this stake back in 2008, when it really wanted to make an expansion plan into the tier II markets. At that point of time the company was valued little in excess of Rs 1,200 crore. Now we understand from sources that this company Entertainment World Developers is looking to raise about Rs 400-500 crore via an IPO issue.

EWD focusses on retail, residential projects in tier 2 market, reports CNBC-TV18. ICICI Ventures and Manish Kalani are shareholders in EWD. Kotak Mahindra, ICICI Securities and Edelweiss are bankers to the issue.

The company is looking to dilute about 20-25% via the IPO issue. Currently the company has 25 million sq.ft. under construction. It is very interesting IPO to watch out for couple of reasons. One, when everybody is doing their residential tier I play, this company is focused on retail, focused on the tier II markets.

IPO Updates: Indiabulls Power IPO fixed share price, Rs. 45 per share

2009-10-20T09:35:00.000-07:00

Indiabulls Power IPO, a subsidiary of Indiabulls Real Estate has fixed share price Rs.45 per share. Indiabulls Power IPO was opened for subcription during October 12-15 with 39.07 crore equity shares shares with the price band of Rs. 40-45.

Indiabulls Power IPO received an overwhelming response from investors, especially QIBs (qualified institutional investors) and was subscribed 21.84 times, as per the data available on the NSE website.

IPO Allotment Status of 'Indiabulls Power Limited' is coming soon.

Please revisit us to check the latest updates.

IPO Updates: Alternate energy provider ACME Group plans IPO in March-2010, to raise 1000 crore

2009-10-18T08:54:00.000-07:00

Alternate energy provider ACME Group is planning to raise Rs 1,000 crore through IPO. It will be dilution of five to 10 per cent of its equity by means of a public issue in March 2010. This information is provided by R.B. Mishra, Vice-Chairman, ACME Group.

“We had planned to raise money from the IPO this year, but due to the recession, we decided to wait till a better period. We think March next year would be a good time to start the process again,” he said.

The Rs 2,000-crore company plans to complete 50 mega watt of solar power plant at Banaskantha in Gujarat by December 2010. The total cost of the project has been pegged at Rs 1,600 crore and the project deadline is March 2014. It would be the first phase completion of the 110-MW of solar power unit agreement that ACME signed with the government of Gujarat during the Vibrant Summit in January this year. The company has applied for 800 acres of land, of which 400 acres would be utilised for the first phase of 50 MW, he said.

The company has a unit for 12 MW at Bikaner in Rajasthan and is commencing a project of 150 MW distributed between Bikaner, Jodhpur and Jaisalmer. The company has units in Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.

ACME made a $30-million equity investment in California-based eSolar earlier this year. It names ACME as the master licensee of eSolar in India and enables it to use eSolar’s technology to develop solar thermal units for other companies as well. Under the agreement, ACME will build up to 1,000 MW of solar thermal power plants over the next 10 years.

The cost of the current project is expected to be at Rs 13 a unit. Currently, 70 per cent of the components needed for generating solar power is imported, but once a certain scale is reached, ACME will manufacture the components in India, he said.

“It will help bring the cost of solar energy lower than that of coal energy,” he said. The ACME Group is in the field of energy efficient solutions for global wireless telecommunication, cold chain systems, waste water treatment and environment impact solutions, reports The Hindu Business Line.

IPO Updates: Indiabulls Power IPO closed today, subscribed

2009-10-15T10:48:00.000-07:00

Indiabulls Power's IPO closes for subscription today.

Very first day it had received an overwhelming response from investors especially QIBs. All bids came in at higher end of the band. This issue has been subscribed 22 times so far, as per the data available on the NSE website.

End of day3 the subscription details are as below:

1. QIBs : 40.4942
2. HNIs: 5.7636
3. Retail: 1.0913

Overall: 21.84

QIBs (qualified institutional investors) supported the issue with their reserved portion being subscribed over 40 times, reports CNBC-TV18.

QIB investors are Fidelity, Nomura, Capital International, Goldman Sachs AMC, Mirae AMC, Reliance MF, SBI, IDFC, LIC MF, HSBC, Halbis, Birla MF and ICICI Pru Life Insurance.

Read What experts say about Indiabulls Power IPO

IPO Updates: Poor show by Euro Multivision Limited, closed at Rs. 51.85 at 30% discount

2009-10-15T10:34:00.001-07:00

Euro Multivision Limited IPO listed today on NSE BSE with much below issue price of Rs. 75. It closed at 30.87% huge discount which is Rs 51.85 on the NSE.

The company raised Rs 66 crore via this issue. Promoters' shareholding has been reduced to 51.12% from 81.11% post the issue. The initial public offering (IPO) was of 88 lakh equity shares and was subscribed 1.81 times.

Intra-day high and low for this issue are Rs 80.70 & Rs 51.65 respectively. The total traded quantity was 2,15,16,253 shares and turnover was at Rs 13501.45 lakh.

On the BSE, the share closed at 51.85, at a hefty discount of 30.87%. The share had listed at 70. It touched an intraday high of Rs 80.90 and intraday low of Rs 51.60.

IPO Updates: Indiabulls Power IPO- Experts Views | What's your take?

2009-10-13T09:21:00.000-07:00

Indiabulls Power IPO received overwhelming response from the investors, especially QIBs and HNIs. At the end of day 1 IPL IPO subscribed by almost 6 times and 10 times in QIB portion. Price band is fixed at Rs 40-45 per equity share and lot size is of 150 equity shares and in multiples of 150 shares thereafter. IBP's IPO is closing on October 15.

What is your take on it?
Strength:
1. Successful history of Indiabulls Group
2. Experienced management team with a track record of project Execution
3. Strong Portfolio of Power Generation Project
4. FIM Limited and LNM India Internet Ventures Limited are strategic parteners
5. The Company has entered into long-term power off-take arrangements for the Amravati Phase I Power Project and the Bhaiyathan Power Project

What experts say?

Prabhudas Lilladher : This scrip is attractive even at this value. One should must subscribe for it. This trade will be in profit for midterm to long term.

SP Tulsian: The lowerband of this issue Rs. 40 is a real value of this share. Any thing above Rs 40 will make is over valued. This company is 40% of the Adani Power company and Rs.40 is the 40% valuation of Adani Power IPO. Adani power listed on BSE NSE a month back at Rs. 100 per share.

IPO Updates: Subscription details for Indiabulls Power IPO, ABAP Option available

2009-10-13T08:57:00.000-07:00

Indiabulls Power IPO got overwhelming response on the very first day from the investors. At the
e of day3 the subscription details are as below:

1. QIBs : 40.4942
2. HNIs: 5.7636
3. Retail: 1.0913

Overall: 21.84

The issue is opened for subscription from October 12 to October 15 for subscription with 39.07 crore equity shares shares, including a green shoe option of retaining 5.09 crore equity shares.
Price band is fixed at Rs 40-45 per equity share and lot size is of 150 equity shares and in multiples of 150 shares thereafter.

IPO Update: Euro Multivision Limited is listing on 15th October

2009-10-13T04:13:00.000-07:00

Euro Multivision Limited IPO is lisitng on BSE & NSE on October 15, 2009. 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.

Experts are expecting listing of Euro Multivision Limited around Rs. 76.5 - 78.0 and may close in discount.

Euro Multivision Limited came out with an IPO of 8,800,000 Equity Shares of Rs 10 and was opened from 22-Sep-09 to 24-Sep-09. Price band was set to Rs 70 - Rs 75 Per Equity Share (Lot size: 90). Company fixed its issue price to Rs. 75, the upper band. EML IPO was over ubscribed 1.81 times. This will reduce the promoter's share from 81.11 % to 51.12 % after the issue.

This company is a part of EURO group. This Euro group is promoted by Shri Nenshi Shah.

Pipavav Shipyards listed at 61.10 with 5.34% premium

2009-10-08T23:09:00.000-07:00

Pipavav Shipyard, India’s largest dockyard listed at Rs. 61.10 on October 9, 2009 against it's issue price Rs. 58.00. Pipavav Shipyard hit the capital market on September 16 and closed on September 18. The share was trading at Rs 60.30.

Intraday high of Rs 61.10 and an intraday low of Rs 59.90 was marked for this share in the early trade. The total traded quantity was 539611 shares and turnover was at Rs 324.9 lakh.
On the BSE, the share opened at Rs 60.05, at a premium of 3.53% to its issue price. It touched an intraday high of Rs 64.70 and intraday low of Rs 58.80.

Pipavav shipyard to be range bounded in neared term from Rs. 58-65, says Udayan. This can be a winning trade in long term prospects.

The company raised over Rs 495 crore with the issue of over 85.45 million equity shares of Rs 10 each. The IPO was over-subscribed almost 9 times. The company intends to use the IPO proceeds for Construction of facilities for shipbuilding, ship repair and the Offshore Business among other things

Pipavav Shipyards is listing tomorrow on 9-Oct-2009: Issue priced at Rs. 58

2009-10-08T04:24:00.000-07:00

Pipavav Shipyard, India’s largest dockyard will list on October 9, 2009. It has fixed its issue price at Rs 58. Pipavav Shipyard hit the capital market on September 16 and closed on September 18.

The company intends to use the IPO proceeds for Construction of facilities for shipbuilding, ship repair and the Offshore Business among other things. The company raised over Rs 495 crore with the issue of over 85.45 million equity shares of Rs 10 each and the issue came with a price band of Rs 55-Rs 60.

The IPO was subscribed almost 9 times. Building India’s largest dry dock and world class multi-sector fabrication facility.

The company enjoys a strong order book position of 34 ships – 22 Panamax size huge dry bulk carriers for 3 European shipping companies and 12 OSVs for ONGC. It has also bid for 7 naval vessels.

Pipavav Shipyard intends to utilize its shipbuilding facilities to repair a wide range of vessels, including VLCCs and OSVs, and other specialty vessels such as LNG carriers.

Its dry dock, measuring 662 meters in length and 65 meters in width, is capable of accommodating ships of up to 400,000 DWT and/or multiple combinations of smaller vessels including vessels catering to offshore activities such as offshore supply vessels (OSV), anchor handling tug supply vessels and multi-purpose support vessels. Installation of two Goliath cranes, each having a lifting capacity of up to 600 tonnes, is also in progress.

Apply for Indiabulls Power IPO : Experts

2009-10-08T04:17:00.000-07:00

Indiabulls Power IPO will Open for subscription from 12-Oct-09 to 15-Oct-09. Experts are advising to go for it. This IPO has price band of Rs. 40-45 and has lot size of 150. Retail investor can invest upto 94500 total 14 lots.

RR Financial Consultants' report:

If we assume a capacity of 6600 MW for Indiabulls Power the M Cap / MW would come out to be 1.20 – 1.35 at either of the price bands. However, other players have capacities in operation while and are expected to have significantly higher capacities by the time Indiabulls starts its operations. Hence the discount is justified considering the size of operations and schedule of cash flow generation. Considering the potential and scalibility of operations, the issue can be subscribed to by an investor willing to hold it for 3 or more years to fully realise and profit from the business potential of the company.

For Inidbulls Power IPO subscription details and allotment status, please visit: Indiabulls Power IPO

Indiabulls Power IPO price band : Rs 40-45/share Lotsize - 150

2009-10-07T09:51:00.000-07:00

Indiabulls Power IPO has fixed it's price band Rs. 40-45. This subsidiary of Indiabulls Realty has the minimum bid lot will be 150 equity shares.

So the retail investor can invest up to max 14 Lots and total investing limit will be Rs. 94500.00

Keep visiting for more updates related to Indiabulls power IPO.

Subscription status and allotment details will be updated soon at: Indiabulls power IPO

CRISIL IPO Grading

2009-10-06T10:20:00.000-07:00

Experts research and fundamental comparison among companies makes the CRISIL IPO grading one of the best of its type. CRISIL IPO (Initial Public Offering) Grading is an opinion on the fundamentals of the graded issue that reflects CRISIL's independence and expertise. The industry specialists are carrying out an assessment and declares the rating of a certain IPO.

The ratings from CRISIL doesn't suggest investors to buy or sell or hold the securities but it gives the fundamental view to the issue along with the risks associated with the issue and future growth prospects. This opinion is expressed as a relative assessment in relation to other listed equity securities in India.

A CRISIL IPO Grade 5/5 indicates strong fundamentals and a CRISIL IPO Grade 1/5 indicates poor fundamentals. CRISIL IPO Grading reflects its assessment of the graded company's equity fundamentals as distinct from an assessment of debt fundamentals. A CRISIL IPO Grade should not be construed to mean a comment on the price of the graded security nor is it a recommendation to invest or not to invest in the graded security.

Indiabulls Power IPO got rating 3 out of 5 from CRISIL

2009-10-06T10:11:00.000-07:00

Indiabulls Power IPO received "3/5" grade to the proposed initial public offer (IPO). This ratings are made by the heavy reasearch made by the CRISIL. It has taken many parameters into considerations like, the current power deficit scenario together with the outlook for sustained domestic economic growth presents a positive outlook for the power sector. It indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. The grade is not a recommendation to buy / sell or hold the graded, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals.

This will benefit companies like Indiabulls Power who are setting up large generation capacities. The grading also reflects the group’s good financial flexibility, strong fund raising ability, and the group management’s successful track record in other businesses. The grading also reflects the fact that power generation companies in India will significantly depend on State Electricity Boards (SEBs) for the off take over the long term, and will have to manage the related credit risks. Constrained capacity of the transmission facility for power evacuation is another risk factor. Given these risks and in the context of competitive bidding based project awards for private players, the returns to generation companies may not be substantially high.

IPO Updates: Indiabulls Power IPO Details, Closing date, Allotment status, Listing date

2009-10-06T00:28:00.000-07:00

For Allotment Status for Indiabulls Power Limited Visit: Karvy website

Indiabulls IPO Listing on October 30, 2009. For more details read: Indiabulls Power Listing date

Indiabulls Power Limited is a power project development company established in 2007. Indiabulls Power Limited develops and intends to operate and maintain power projects across the india. This is from Indiabulls group of companies. This subsidiary of Indiabulls Realty is planning to list on BSE and NSE. SEBI cleared the Indiabulls Power IPO in late in September.

IBPL is currently executing five coal based power projects totalling 6,615 MW generation capacities. The management has indicated that the first power plant would be commissioned at Nashik in 2011-12. The proceeds of the proposed IPO are expected to part finance the construction and development of the 1,320 MW Amravati Power Project Phase I, fund equity contribution in the Company’s wholly owned subsidiary to part finance the construction and development of 1,335 MW Nashik Power Project, apart from general corporate purposes.

CRISIL IPO Grading has given 3/5 rating to this IPO. This means this company has an average fundamentals.

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

Indiabulls is also developing four medium size Hydro Power Projects in Arunachal Pradesh aggregating to 167 MW. Indiabulls has also entered into MoUs with the Govt. of Madhya Pradesh and Jharkhand for setting up of 2640 MW & 1320 MW Thermal Power Projects.

Promoters:
1. Mr. Sameer Gehlaut - is the Non Executive Chairman of Company.

2. Mr. Rajiv Rattan - is the Vice Chairman of the Company.

3. Mr. Saurabh K. Mittal - is the non-executive Director of the Company.

Issue Detail:

* Issue Open: Oct 12, 2009 - Oct 15, 2009
* Type: 100% Book Built Issue IPO
* Size: 339,800,000 Equity Shares of Rs. 10
* Issue Size: Rs. Rs. 1,359.20 - 1,529.10 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 40-45 per Equity Share
* Lot: 150 shares
* Order Quantity: 94500 for retail investor
* At: BSE, NSE
* Ratings: 3/5 (CRISIL)

Subscription status:
1. QIBs : 16.2126
2. HNIs: 2.9824
3. Retail:0.5212

Overall: 8.86

Registered Office :
E-29, First Floor,
Connaught Place,
New Delhi - 110001
Phone: (91 11) 3047 6300
Fax: (91 11) 3047 6317
Email: poweripo@indiabulls.com
Website: http://www.indiabulls.com/power

Morgan Stanley India Company Pvt Ltd is the book running lead manager

Registrar:
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: varghese@karvy.com
Website: http://karisma.karvy.com

Indiabulls Power IPO will open for subscription from 12-Oct-09 to 15-Oct-09, Price band Rs. 50-60

2009-10-05T00:51:00.000-07:00

Indiabulls Power IPO will open for subscription from 12-Oct-09 and will be closed on 15-Oct-09. As per the reports on TV18, the initial public offering (IPO) of Indiabulls Power, a subsidiary of Indiabulls Realty will open for subscription on October 12, 2009 and will close on October 15, 2009.

The company is expected to raise around Rs 2,000 crore.

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).

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.

Finally, Thinksoft Global IPO subscribed 2.25 times

2009-10-03T04:42:00.000-07:00

Thinksoft Global IPO closed on 01-Oct-09 with final subscription of 2.25 times.

The initial public offering (IPO) of Thinksoft Global Services was open till 22-Sep-09 to 24-Sep-09. Due to poor response from HNI and QIB investors this closing date was extended upto 01-Oct-09 and price band was modified to Rs 115-125 from Rs 120-130 per share.

Thinksoft Global IPO subscribed 2.25 times as per the NSE website. The issue received total bids for 82,13,950 shares against its issue size of 36,46,000.

The IPO consisted a fresh issue of 13.5 lakh shares and an offer for sale of 22.96 lakh shares by Gibraltar-based fund, Euro Indo Investments.

Karvy Investor Services were the book running lead managers to the issue.

Lodha Developers & Oberoi Constructions have filled their DRHP with SEBI

2009-09-30T07:36:00.000-07:00

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

2009-09-30T07:32:00.000-07:00

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

2009-09-29T05:16:00.000-07:00

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

2009-09-26T07:41:00.000-07:00

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

2009-09-25T09:51:00.000-07:00

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)

PNC Infratech(19-Nov-09)(DRHP)
Aqua Logistic(16-Nov-09)(DRHP)
Everest Infra Energy(13-Nov-09)(DRHP)
Intrasoft Technologies(05-Nov-09)(DRHP)
Sterlite Energy(03-Nov-09)
Godrej Properties(28-Oct-09)
Tara Health foods(20-Oct-09)
Jubilan food Works(15-Oct-09)
Man Infra constructions(14-Oct-09)
Goenka Diamonds and Jewels(07-Oct-09)
Ankita Knit Wear(06-Oct-09)
Cantabil Retail India (05-Oct-09)
Kumar Urban Development(05-Oct-09)
Sahara Prime City(01-Oct-09)
Rosmerta Technologies(01-Oct-09)
IL and FS Transportation Networks(01-Oct-09)
Glenmark Generics (01-Oct-09)
DQ Entertainment (International)(01-Oct-09)
Midfield Industries(01-Oct-09)(DRHP)
Mandhana Industries(01-Oct-09)
Midfield Industries(01-Oct-09)
Gravita India(30-Sep-09)
Reliance Infra Tel (30-Sep-09)
Vascon Engineers(30-Sep-09)
Shree Ganesh Jewellery House(30-Sep-09)
PCI(30-Sep-09)
Ambience(30-Sep-09)
Hathway Cable and Datacom(30-Sep-09)
Oberoi construction(30-Sep-09)
Lodha Developers(30-Sep-09)
Aqua Logistic(29-Sep09)
Ashoka Buildcon(25-Sep-09)
Emmbi Polyarns (18-Sep-09)
Birla Shloka Edutech (04-Sep-09)
ARSS Infrastructure Projects (26-Aug-09)
Cox and Kings (India) Limited (21-Aug-09)
D B Corp (14-Aug-09)
JSW Energy (14-Aug-09)
Den Networks (10-Aug-09)
M/s. Thangamayil Jewellery (07-Aug-09)
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Thinksoft Global Services Ltd IPO Price band and Subscription date extended.

2009-09-24T11:39:00.001-07:00

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

2009-09-24T02:00:00.000-07:00

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

2009-09-24T01:50:00.000-07:00

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

2009-09-23T09:39:00.000-07:00

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