Tuesday, August 30, 2016

RBL Bank Limited will list its equity shares offered under the IPO with effect from Wednesday, August 31, 2016. RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.

RBL Bank IPO was open for subscription between Aug 19, 2016 and Aug 23, 2016 and had received a spectacular response from the investors with the IPO getting subscribed 69.62 times on an overall basis. The retail portion was subscribed 5.70 times

The Issue Price for the IPO was fixed at Rs.225/- per equity share. The shares are expected to be listed above Rs.275/- a piece with volatility expected as the days goes on

Check back here for more on RBL Bank maiden trades and listing
L&T Technology Services, an arm of engineering giant Larsen and Toubro   (L&T), has received the approval of capital markets regulator SEBI to come up with an IPO. According to sources, the IPO size of L&T Technology Services is estimated to be Rs 750-1,000 crore.

According to company website, L&T Technology Services delivers a range of technologies, services & solutions across transportation, industrial products, telecom and hi-tech, process industry, and medical devices through Imagineering, Engineering & Adjacent Engineering. The company have more than 8,000 engineers from nine nationalities serving over 200 customers, including more than 50 Fortune 500 customers.

As per the company, it leverages the strengths of parent company, Larsen & Toubro, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided us with a broad engineering and design heritage

Stay tuned for more info on L&T Technology Services Limited IPO

RBL Bank has fixed the issue price for the shares offered under the recently concluded IPO at Rs.225/- per equity share. The issue price is fixed at the upper end of the price band which was in a rather unusually narrow range of Rs.224/- to Rs.225/- per equity share

Kolhapur-headquartered RBL Bank is going to list its equity shares on exchanges on August 31 after overwhelming response to the issue closed last week. RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.

Monday, August 29, 2016

RBL Bank IPO Allotment status is declared and can be checked using the following link

Click here to view RBL Bank IPO Allotment status
The allotment status for the recently concluded IPO of RBL Bank Limited announced today RBL Bank IPO was open for subscription between Aug 19, 2016 and Aug 23, 2013

The IPO which saw oversubscription to the tune of 69.62 times on an overall basis, was subscribed around 5.70 times in the Retail category

RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers and retail customers. The shares under the IPO were offered in a price band of Rs.224/- to Rs.225/- per equity share

Click here to view RBL Bank IPO Allotment status
Madhya Bharat Agro Products will launch an initial public offer (IPO) which would open for subscription from today, August 29, 2016. The IPO is a fixed price IPO, which would remain open for subscription till September 2, 2016

The company will issue over 57.90 lakh equity shares at the issue price of Rs.24/- per equity share. As against a 100% book building IPO, there is no price band in a fixed priced IPO

According the company website, Madhya Bharat Agro products Ltd. (MBAPL) is one of the major private sector fertilizer manufacturer. MBAPL is dealing in manufacturing of BRP with installed production capacity of 99000 TPA (Licensed capacity -99000 TPA), SSP with installed capacity of 180000 TPY (Licensed capacity 240000 TPY) and Sulphuric Acid with installed capacity of 36000 TPY (having licensed capacity is 99000 TPY). Further the New Project GSSP (having licensed capacity is 180000 TPY) is underway making it completely integrated state of art manufacturing facility.

Sunday, August 28, 2016

The IPO of Vodafone Group PLC's Indian unit is expected to be delayed now. The filing, previously expected in September or October, is being delayed because apparently Vodafone wants to wait for new rival Reliance Industries to launch its telecoms services, IFR, a Thomson Reuters publication, cited a source as saying.

Vodafone Group PLC is a British multinational telecommunications company, with headquarters in London. Among mobile operator groups globally, Vodafone ranked fifth by revenue and second (behind China Mobile) in the number of connections (435.9 million) as of 2014

Vodafone owns and operates networks in 26 countries and has partner networks in over 50 additional countries.Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries

Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £89.1 billion as of 6 July 2012, the third-largest of any company listed on the London Stock Exchange. It has a secondary listing on NASDAQ

Tuesday, August 23, 2016

RBL Bank IPO, which was open from Aug 19, 2016, has been finally subscribed 69.51 times on an overall basis. The shares under the IPO were offered in a price band of Rs.224/- to Rs.225/- per equity share with a bid lot of 65 equity shares and in multiples thereof

The IPO was oversubscribed to the tune of 85.08 times in the QIB category and as much as a staggering 198.06 times in the category of Non Institutional Investors / HNI. The subscription received in the retail category was however, contained at 5.5 times. It is believed that this may leave some more money on the table for the retail investors when the shares list on the exchanges

RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores. RBL Bank bought a part of the Indian business of the Royal Bank of Scotland (RBS), India in 2013. The deal included business of banking and credit cards and the mortgage portfolio, leading to 1.2 lakh customers of RBS, moving to RBL

The IPO is expected to be listed on the exchanges within 10-15 days. Check back this space for news on RBL Bank IPO Allotment Status and listing of shares of RBL Bank
QIB: 85.08 times
Non-Institutional Investors: 198.06 times
Retail: 5.49 times
Overall: 69.51 times

Monday, August 22, 2016

The IPO of RBL Bank which opened for subscription from Aug 19, 2016 has been subscribed 3.08 times overall. The subscription seen in the retail category was 3.26 times

RBL Bank IPO closes for subscription tomorrow on Aug 23, 2016. The shares are offered in a narrow price band of Rs.224/- to Rs.225/- per equity share with a bidding lot of 65 equity shares and in multiples thereof

RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion customers.

The IPO has received subscription to the tune of 4.28 times from the QIB category and 1.08 times from the HNI or Non Institutional Investors category till now
QIB: 4.28 times
Non-Institutional Investors: 1.08 times
Retail: 3.26 times
Overall: 3.08 times

Saturday, August 20, 2016



Urjit Patel (aged 52 years) recently appointed as the new Governor of Reserve Bank of India, is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India and most recently appointed as the Governor of Reserve Bank of India. As Deputy Governor of RBI, Patel currently looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. On 20 August 2016, he was appointed as the governor of Reserve Bank Of India to succeed Raghuram Rajan when his term expires on September 2016

Patel obtained his BA from the London School of Economics [LSE, University of London], M. Phil. degree from Oxford University in 1986. He received his doctorate in Economics from Yale University in 1990. He was at IMF India desk during the 1991-1994 transition period. He was posted to IMF country mission in India 1992-1995. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.

Some of the key positions held by Patel are
  • Advisor, Boston Consulting Group (Till 2013)
  • President, Reliance Industries Limited- 2015
  • Executive Director, Infrastructure Development Finance Company (1997-2006)
  • Member, Integrated Energy Policy Committee, Government of India (2004-2006)
  • Non-Executive Director, Gujarat State Petroleum Corporation Limited
  • Non-Executive Director, Multi Commodity Exchange of India Limited
  • Deputy Governor, Reserve Bank of India
  • Governor, Reserve Bank of India (From 4th September, 2016)

Urjit Patel has been appointed as the 24th Governor of the Reserve Bank of India (RBI). Urjit Patel, aged 52 years, is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India. As Deputy Governor of RBI, Patel looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. Urjit holds an M.Phil degree from Oxford University and was also associated with Boston Consulting Group before his appointment as the deputy governor at RBI.

According to the press note released by the Government, “The appointment has been made based on the recommendation of the Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary P.K. Sinha. The Committee had met twice to discuss all the possible names that can be considered for this assignment and had submitted a short panel of names to the ACC (appointment committee of cabinet),”

Dr. Patel was part of the core team at the RBI and is likely to maintain continuity and follow polices adopted under Raghuram Rajan
QIB: 0.67 times
Non Institutional Investors: 0.20 times
Retail: 0.86 times
Overall: 0.66 times
Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Board of Directors of the company at its meeting held on July 20, 2016, had considered and recommended capitalisation of reserves and issue of fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each

The company goes ex-bonus on Sep 14, 2016 and the record date for the issue was Sep 15, 2016

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