Thursday, August 28, 2014

Snowman Logistics IPO gets record response, overbid 59 times

The IPO of Snowman Logistics Limited, the largest cold chain solutions provider in India, has received an overwhelming response, getting bids to the tune of close to Rs.9000 crores as compared to an issue size of Rs.197 crores

The subscription came from all categories of investors: QIB, HNI and Retail alike with QIB subscription standing at close to 16.98 times, Retail at 39.40 times and HNI at a staggering 221.78 times

The company intends to utilize proceeds to setup new temperature controlled and ambient warehouses and meeting long term working capital
intends to use issue proceeds for setting up new temperature controlled and ambient warehouses, and long term working capital.

Read more at: http://www.moneycontrol.com/news/ipo-issues-open/snowman-logistics-ipo-oversubscribed-59-times_1166181.html?utm_source=ref_article
intends to use issue proceeds for setting up new temperature controlled and ambient warehouses, and long term working capital.

Read more at: http://www.moneycontrol.com/news/ipo-issues-open/snowman-logistics-ipo-oversubscribed-59-times_1166181.html?utm_source=ref_article


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Snowman Logistics IPO Final Subscription Status

QIB: 16.98 times
Non Institutional Investors: 221.79 times
Retail: 39.40 times
Overall: 59.52 times


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Snowman Logistics IPO Details

Issue Size: 42,000,000 Equity Shares of Rs. 10 

Issue opens on: Aug 26, 2014 
Issue closes on: Aug 28, 2014
Price Band: Rs.44/- to Rs.47/- per equity share
Bid Lot: 300 Equity shares and in multiples thereof
IPO Rating: CRISIL IPO Grade 4/5


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Wednesday, May 22, 2013

Just Dial IPO oversubscribed 11.63 times

Just Dial IPO which closed for subscription today, has been oversubscribed 11.63 times on an overall basis. The initial public offer of Just Dial was the largest offer by an Indian Internet company

The issue consisted of 17,497,458 Equity Shares of Rs.10/- each offered under a Price Band of Rs.470/- to Rs.543/- per equity share. A retail discount of Rs.47/- a share being 10% of floor price would be offered to Retail Investors. Also, the IPO has a safety net mechanism in place which would be triggered 20% below issue price

Retail portion of the IPO was subscribed more than 3 times. Justdial Limited (Just Dial) is popular local search service provider in India. Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS).




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Monday, May 20, 2013

Just Dial IPO opens for subscription today

Justdial Limited (Just Dial), the popular local search service provider in India, is coming up with an Initial Public Offering which opens for subscription today from May 20, 2013.

Just dial is a 24/7 Free Search service operating on a single national number 08888888888 that receives over 130 Million Calls every year. It provides information about local businesses, products and services to the users in over 2000 cities in India. The company has more than 300 million customers using JustDial Services. 


Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS). Just Dial's website http://www.justdial.com/ provides information on movies, restaurants, hotels, travels, etc.

The IPO which would remain open till May 22, 2013, consists of 17,497,458 Equity Shares of Rs. 10 each to be offered in a price band of Rs.470/- to Rs.543/- per share with a bid lot of 25 Equity Shares and in multiples thereof. The shares will be listed on BSE, NSE and MCX-SX

The IPO has been graded with a CRISIL IPO Grade 5/5 which indicates that the fundamentals of the company are strong in relation to other listed equity securities in India.

Just Dial has declared a Retail Discount and Safety Net Mechanism on the IPO as well. Click here to read more on Retail Discount and Safety Net Mechanism in Just Dial IPO


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Sunday, May 19, 2013

Just Dial to offer Retail Discount, Safety Net

Just Dial, which is coming up with an IPO from May 20, 2013, has announced that the company will offer a Retail Discount and a Safety Net mechanism for the benefit of investors

The IPO, which received a CRISIL IPO Grade 5/5 indicating strong fundamentals, will remain open for subscription till May 22, 2013 and consists of shares having Face Value of Rs.10/- each, offered in a price band of Rs.470/- to Rs.543/- per equity share. CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. (It may be however, be noted that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals)

Just Dial has offered a discount of 10% on the floor price to the retail individual investors. Just Dial has also announced that it will offer a safety net mechanism which will be available to all retail individual investors applying in IPO for amount up to Rs.50,000. The safety net would be triggered in case the price of the share fall over 20% from the issue price


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Just Dial IPO Details

Issue Size: 17,497,458 Equity Shares of Rs. 10 

Issue open from: May 20, 2013
Issue closes on: May 22, 2013
Face Value: Rs. 10 Per Equity Share
Price Band: Rs.470/- to Rs.543/- per equity share
Bid Lot: 25 Shares and in multiples thereof
Listing At: BSE, NSE, MCX-SX


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Onesource Techmedia IPO Detail

Issue open from: May 17, 2013
Issue closes on: May 21, 2013
Issue Type: Fixed Price Issue IPO
Issue Size: 2,000,000 Equity Shares of Rs. 10
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 14 Per Equity Share


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Friday, February 1, 2013

V Mart Retail IPO Details

Issue Size: 4,496,000 Equity Shares of Rs. 10
Issue opens from: Feb 01, 2013
Issue closes on: Feb 05, 2013
Price Band: Rs.195/- to Rs.215/- per equity share 
Bid Lot: 66 Equity Shares and in multiples thereof
Listing At: BSE, NSE


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Sunday, January 13, 2013

SEBI may come up with a milder Safety Net Mechanism

Market regulator SEBI plans to introduce the safety net mechanism in the form proposed by it in the discussion paper. SEBI Chairman U K Sinha had said a few days ago “Our discussion paper is in the public domain. My personal sense is that we must introduce safety net mechanism, may be in milder form, primarily to give a signal not about returning money but that the pricing has been right,”

According to the discussion paper, the safety net mechanism would be triggered in the case of those IPOs whose price has fallen by more than 20 per cent from the issue price. This new safety net mechanism would be a mandatory one.

Market regulator SEBI's board will discuss this week safeguarding a part of funds invested by small investors in IPOs, as also the steps required for dealing with the promoters failing to comply with minimum public shareholding in listed companies. The board of Sebi (Securities and Exchange Board of India) is scheduled to meet on January 18, 2013.

While it may be uncertain as to when SEBI introduces mandatory safety net, it may be a milder form of mandatory safety net that may be introduced. There is already a voluntary safety net mechanism available for IPO investors


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Friday, December 28, 2012

Bharti Infratel to list today

The shares of Bharti Infratel would go live for trades from today, December 28, 2012. The Issue Price under the IPO was fixed at Rs.220/- a piece whereas the shares offered under the IPO were under a price band of Rs.210/- to Rs.240/- a share

Bharti Infratel Limited is a provider of tower and related infrastructure. Bharti Infratel is one of the world's largest telecom tower infrastructure providers which deploys, owns and manages telecom towers and communication structures for all wireless operators. The business of Bharti Infratel and Indus is to acquire, build, own and operate tower and related infrastructure.

CRISIL had assigned a IPO Grade 4/5 to the IPO of Bharti Infratel. This grade indicates that the fundamentals of the Bharti Infratel IPO are 'above average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. However, the IPO had received a weak subscription of 1.30 times on an overall basis chiefly on support from QIB investors. Click here to view PC Jeweller IPO Final Subscription Status

While the share had a grey market discount and also the lack of interest in the issue pushes for a likely listing below issue price, it remains to be seen how much resistance the share throws up to maintain a respectable level closing on the listing day


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Thursday, December 27, 2012

PC Jeweller IPO lists at 11 percent premium

Jewellery Retailer PC Jeweller, which listed on the exchanges today, ended the listing day at a premium of close to 11% over the issue price. The shares under the IPO, which was open for subscription between December 10 to December 12, were offered in a price band of Rs.125/- to Rs.135/- per share with a discount of Rs.5/- to Retail Investors and Employees on the Issue Price

PC Jeweller Ltd is an established jewellery retailer in North India. The company's operations include the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles

On the Bombay Stock Exchange, the share touched an Intra-day High of Rs.154.75 and an Intra-day low of Rs.135.5 before concluding the trade at Rs.149, up nearly 10.4 percent over the Issue Price of Rs.135/- a share. The Total Traded Quantity on BSE was 286.13 Lakh Equity Shares with a weighted average price of Rs.146.64 a share


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Eco Friendly Food Processing Park IPO opens today

Eco Friendly Food Processing Park Ltd (EFFPP), engaged in the operations of agriculture and wood plantation, is coming up with an IPO proposing to list shares on BSE SME.

The following are details of IPO:

Eco Friendly Food Processing Park Ltd (EFFPP) IPO Details:
Issue Size: 3,006,000 Equity Shares of Rs. 10 
Issue opens on: December 27, 2012
Issue closes on: December 31, 2012
Issue Type: Fixed Price Issue IPO
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 25 Per Equity Share
Listing At: BSE SME


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Wednesday, December 26, 2012

CARE closes listing day at 23 percent premium

The Equity Shares of CARE Limited, the Indian credit rating agency listed on the exchanges today. These were offered under the IPO at a price of Rs.750/- per share. The share opened in hefty green and touched an Intra-day high of Rs.986.20 on BSE before concluding the listing day at Rs.923.95 (Premium of 23.2 percent over the issue price)

According to BSE website, a total of 48.25 lakh shares were traded on the exchange on the listing day with total traded value amounting to Rs.450.08 Crs. The Wd. Average Price for the day at the BSE was Rs.932.88. Although the share never touched the circuits, the upper circuit limit was set at price of Rs.1,138.80 and lower circuit at Rs.759.25

CARE IPO was open for subscription between Dec 07, 2012 - Dec 11, 2012 and had received overwhelming response from all categories of investors

Click here for CARE IPO Category-wise Final Subscription Status
Click here for CARE IPO - Basis of Allotment


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CARE shares to list shares today on December 26

Credit rating agency Credit Analysis and Research Limited (CARE) will list its equity shares on exchanges today on Wednesday, December 26, 2012. The company had fixed its issue price at Rs.750/- per share.

The IPO had received an overwhelming response with the response from QIB Investors being 45.8 times while non-institutional and retail investors' portion received subscription of 110.96 times and 6.18 times respectively. CARE is one of the leading rating agency in India apart from CRISIL and ICRA.

Stock market analysts are predicting a clear premium listing with opening bell easily above Rs.900/- for the share. While the grey market premium for the share is also up to those levels, it remains to be seen whether the listing would reach or exceed expectations


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Tuesday, December 25, 2012

CARE IPO - Basis of Allotment

The basis of allotment of CARE IPO is given below:
(Click on the image for a full screen view of Basis of Allotment)



If you are unable to see the basis of allotment properly, click here or log on to following link: http://www.indianipoblog.com/2012/12/care-ipo-basis-of-allotment.html


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Friday, December 21, 2012

CARE IPO Allotment Status declared

The allotment status for the recently concluded IPO of CARE has been declared and can be checked from following link

http://karisma.karvy.com


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Saturday, December 15, 2012

Bharti Infratel Final Subscription Figures

Bharti Infratel Limited IPO was finally subscribed 1.30 times despite a rather subdued response from investors. The IPO had received bids for 20,84,92,050 Equity Shares as against 16,05,65,000 Equity Shares offered

The shares were offered in a price band of Rs.210/- to Rs.240/- per equity share with a discount of Rs.10/- per share for Retail Individual Investors and Eligible Employees on the Final Issue Price. Despite this incentive, the Retail Investors were aloof from the issue with the category getting subscribed a relatively tiny 19 percent. The following is the final subscription status of the IPO:



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Thursday, December 13, 2012

Bharti Infratel IPO crawls to 1 time subscription on Day 3

The IPO of Bharti Infratel Limited has been receiving muted response from investors. The IPO, at the close of Day 3 of its opening, has managed to crawl to 1 time subscription solely due to rescuing support from QIB Category which is subscribed 2.84 times

The IPO has been subscribed 1.21 times on an overall basis at the close of Day 3, December 13, 2012, which is also the closing day for subscription for QIB Investors. The issue will close for subscription on December 14, 2012 for other category of investors. The response from HNI and Retail investors has been fragile with 0.10 times and 0.06 times subscription in each of these categories respectively

The shares under the IPO are offered in a Price Band of Rs.210/- to Rs.240/- a piece with a discount of Rs.10/- on the final issue price for Retail Investors. Despite this incentive, the retail investors have so far and are also expected to away from the IPO


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PC Jeweller IPO Final Subscription Figures

PC Jeweller IPO has been subscribed 6.85 times on an overall basis. The IPO was open for subscription between December 10, 2012 and December 12, 2012

The category-wise subscription statistics are as under:



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