2010 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Friday, December 31, 2010

C Mahendra Exports IPO gets lukewarm response on Opening Day

December 31, 2010 0
C Mahendra Exports IPO gets lukewarm response on Opening Day
C Mahendra Exports IPO, which opened for subscription from today, has received a lukewarm response on its opening day, with the IPO getting bid 32% on an overall basis. Retail Category, however, is subscribed 60% on Day 1, with bids received for 3171900 Equity Shares, as against 5250000 Equity Shares reserved in the category

The IPO has not received any bids in the HNI Category on the the opening day, although the QIB Category is covered about 22% till Day 1

The price band for the upcoming IPO of C Mahendra Exports Ltd. is set at Rs.95/- to Rs.110/- per equity share for shares having a Face Value of Rs.10/- each. Correspondingly, the bid lot or the minimum lots in which the bids can be made would be 60 Equity Shares and in multiples thereof

Click here for C Mahendra Exports IPO - Bidding Status on Day 1

C Mahendra Exports IPO - Bidding Status on Day 1

December 31, 2010 0
C Mahendra Exports IPO - Bidding Status on Day 1

Mid Valley Entertainment IPO opens from Monday, January 10, 2011

December 31, 2010 0
Mid Valley Entertainment IPO opens from Monday, January 10, 2011
Mid Valley Entertainment Ltd., a south based media and entertainment company, is coming up with an IPO for about Rs.60 Crs, which would open for subscription from Monday, January 10, 2011

Mid Valley Entertainment Ltd. is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distributes and exhibits movies both in Indian and foreign languages

Stay tuned for latest updates on Mid Valley Entertainment Ltd. IPO!

Thursday, December 30, 2010

Punjab and Sind Bank ends Listing Day with a bleak premium

December 30, 2010 0
Punjab and Sind Bank ends Listing Day with a bleak premium
Punjab and Sind Bank, which listed on the exchanges, today, cooled off quite significantly on the premium count by the close of the listing day. The share initially opened at Rs.146.10 on BSE as against an Issue Price of Rs.120/- per share, at a premium of about 25.75% over the Issue Price, but drifted downwards soon enough from there and finally closed the listing day at Rs.127.05, at a rather distasteful premium of about 5.88% over the Issue Price

On the NSE as well, the share opened at Rs.144/- and touched an Intra-day High of Rs.146.70, before closing the listing day at Rs.126.40, i.e. at a premium of 5.33% over the Issue Price

Although the Issue Price for the Retail and Employees categories was at a Rs.114/- per share, considering a lot of 50 shares per application, there still wasn't much left on the table for the Retail Investors by the close of the Listing day

Punjab and Sind Bank IPO, which closed for subscription on Thursday, December 16, 2010, was finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The Retail Category was subscribed 44.45 times. The subscription in the QIB and HNI Category has also been concrete with those categories getting overbid 49.80 times and 85.84 times respectively

Punjab and Sind Bank IPO debuts at 21.75% premium on BSE

December 30, 2010 0
Punjab and Sind Bank IPO debuts at 21.75% premium on BSE
Punjab and Sind Bank, which listed on the exchanges today, opened at Rs.146.10 on the BSE as against its Issue Price of Rs.120/- per share (Rs.114/- per share for Retail and Employees categories)

Punjab and Sind Bank IPO closed for subscription on Thursday, December 16, 2010 and was oversubscribed by 50.75 times. In the Retail Category, Punjab and Sind Bank IPO has received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times

Wednesday, December 29, 2010

Punjab and Sind Bank IPO Listing Details

December 29, 2010 0
Punjab and Sind Bank IPO Listing Details
ISIN: INE608A01012
Listing Date: Thursday, December 30, 2010
BSE Scrip Code: 533295
NSE Symbol: PSB
Listing Group: 'B' Group of Securities
Issue Price: Rs. 120/- Equity Share (Rs. 114/- for Retail and Employees category)

Punjab and Sind Bank IPO Refund

December 29, 2010 0
Punjab and Sind Bank IPO Refund
According to the information available on the Registrar's website, as per information made available by ECS-Refund Banker: HDFC Bank Limited, credit for Punjab and Sind Bank IPO Refund into respective account through ECS can be expected by 03/01/2011

Punjab and Sind Bank IPO, which closed for subscription on Thursday, December 16, 2010, was finally oversubscribed by excellent oversubscription with the overall subscription figure standing at 50.75 times

Punjab and Sind Bank to list on December 30, 2010

December 29, 2010 0
Punjab and Sind Bank to list on December 30, 2010
The Equity Shares of Punjab and Sind Bank will be listed and admitted to the dealings on the exchanges with effect from Thursday, December 30, 2010 in the 'B' Group of Securities

Punjab and Sind Bank IPO, which closed for subscription on Thursday, December 16, 2010, was finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times

Check back Indian IPO Blog for Punjab and Sind Bank Listing day updates!

Tuesday, December 28, 2010

C Mahendra Exports IPO Price Band and Bid Lot

December 28, 2010 0
C Mahendra Exports IPO Price Band and Bid Lot
The price band for the upcoming IPO of C Mahendra Exports Ltd. is set at Rs.95/- to Rs.110/- per equity share for shares having a Face Value of Rs.10/- each. Correspondingly, the bid lot or the minimum lots in which the bids can be made would be 60 Equity Shares and in multiples thereof

C Mahendra Exports is entering capital market with an initial public offer (IPO) of 1.5 Crore Equity Shares of Rs.10/- each. C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery. C Mahendra Exports sells jewellery products like rings, earrings, necklace sets, bracelets, etc. under their flagship brand "Ciemme"

Check back Indian IPO Blog for latest updates on C Mahendra Exports IPO!

Shekhawati Poly-Yarn IPO Subscription Status

December 28, 2010 0
Shekhawati Poly-Yarn IPO Subscription Status
Shekhawati Poly-Yarn IPO is a Fixed Price Issue with a Fixed Price of Rs.30/- per equity share. As such, the subscription status for Shekhawati Poly-Yarn IPO would be known only at the time of closure of the issue.

Shekhawati Poly-Yarn IPO consists of 12,000,000 Equity Shares, having a Face Value of Rs.10/- each. Hem Securities Limited is the Book Running Lead Manager (BRLM) to the Issue, while Sharex Dynamic (India) Pvt. Ltd. is the Registrar to the Issue. Shekhawati Poly-Yarn IPO would remain open for subscription till Wednesday, December 29, 2010

Check back Indian IPO Blog for the final subscription status for Shekhawati Poly-Yarn IPO!

Ravi Kumar Distilleries IPO - Basis of Allotment (Retail Category)

December 28, 2010 0
Ravi Kumar Distilleries IPO - Basis of Allotment (Retail Category)
The category was over subscribed 1.567 times. The spill over portion from QIB Category was 3436580 Equity Shares. There were 1297 applications for 2,109,300 equity shares made under ASBA process, of these 1243 applications for 2,078,400 equity shares were found valid and they were considered for allotment. The total number of shares allotted in this category is 7461580 Equity Shares to 5798 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications % to total Total No. of
Equity Shares
applied
% of total No. of Equity
Shares
allocated
Ratio of Allottees
to Applicants
Total No. of
Equity Shares
allotted
100 759 12.5 75900 0.65 100 16:25 48600
200 259 4.27 51800 0.44 128 1:1 33152
300 90 1.48 27000 0.23 191 1:1 17190
Additional 1 22:45 44
400 61 1 24400 0.21 255 1:1 15555
500 68 1.12 34000 0.29 319 1:1 21692
600 18 0.3 10800 0.09 383 1:1 6894
700 21 0.35 14700 0.13 447 1:1 9387
800 24 0.4 19200 0.16 510 1:1 12240
900 8 0.13 7200 0.06 574 1:1 4592
1000 44 0.72 44000 0.38 638 1:1 28072
1100 2 0.03 2200 0.02 702 1:1 1404
1200 2 0.03 2400 0.02 766 1:1 1532
1300 2 0.03 2600 0.02 830 1:1 1660
1400 11 0.18 15400 0.13 893 1:1 9823
1500 1987 32.73 2980500 25.49 957 1:1 1901559
1600 7 0.12 11200 0.1 1021 1:1 7147
1700 2 0.03 3400 0.03 1085 1:1 2170
1800 1 0.02 1800 0.02 1149 1:1 1149
1900 1 0.02 1900 0.02 1212 1:1 1212
2000 3 0.05 6000 0.05 1276 1:1 3828
2100 1 0.02 2100 0.02 1340 1:1 1340
2200 2 0.03 4400 0.04 1404 1:1 2808
2300 4 0.07 9200 0.08 1468 1:1 5872
2400 1 0.02 2400 0.02 1531 1:1 1531
2500 2 0.03 5000 0.04 1595 1:1 3190
2600 2 0.03 5200 0.04 1659 1:1 3318
2700 1 0.02 2700 0.02 1723 1:1 1723
2800 1 0.02 2900 0.02 1850 1:1 1650
2900 60 0.99 180000 1.54 1914 1:1 114840
3100 2627 43.27 8143700 69.64 1978 1:1 5196206

Monday, December 27, 2010

Punjab and Sind Bank IPO Allotment Status declared

December 27, 2010 0
Punjab and Sind Bank IPO Allotment Status declared
Punjab and Sind Bank IPO Allotment Status is declared online and can now be checked from the link provided below:

Click here to check Punjab and Sind Bank IPO Allotment Status now!

Punjab and Sind Bank IPO, which closed for subscription on Thursday, December 16, 2010, was finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The IPO had been receiving a wonderful response from its opening and has seen firm support from all the categories of investors

Punjab and Sind Bank IPO Allotment Status for ASBA Applicants

December 27, 2010 0
Punjab and Sind Bank IPO Allotment Status for ASBA Applicants
Punjab and Sind Bank IPO Allotment Status is not yet declared online. The link for the same will be updated here as soon as it is made available online

However, for investors who have applied through ASBA route, the amount for the number of shares allotted is debited and lien amount is released in case of ASBA applications made through some banks. Hence, ASBA applicants can ascertain the status of their applications by scrutinizing their Bank Accounts as the amount for the number of shares allotted would be debited in the respective bank accounts or where no shares are allotted, the lien / blocked amount would have been lifted / unblocked

Update: Punjab and Sind Bank IPO Allotment Status declared

Ravi Kumar Distilleries closes listing day with 25% premium

December 27, 2010 0
Ravi Kumar Distilleries closes listing day with 25% premium
Ravi Kumar Distilleries Ltd., which listed on the exchanges today on Monday, December 27, 2010, opened on the BSE at its Issue Price of Rs.64/- per share and went on to touch Rs.90.30 as its Intra-day High, before closing at Rs.80.05 on the Listing Day, at a premium of about 25.08% over its Issue Price

Ravikumar Distilleries IPO had received a mixed response from the investors. While the IPO managed to gather good response from HNI and Retail Category, the subscription from the QIB Category was not so keen. The company is engaged in the business of manufacturing of Indian Made Foreign Liquors (IMFL) products

Punjab and Sind Bank IPO - Basis of Allotment (Retail)

December 27, 2010 0
Punjab and Sind Bank IPO - Basis of Allotment (Retail)
Punjab and Sind Bank IPO Allotment Status is not yet declared online. Punjab and Sind Bank IPO - Basis of Allotment (Retail Category) will be updated here as soon as it is made available

Stay tuned to Indian IPO Blog for latest updates on Punjab and Sind Bank IPO Allotment Status and Basis of Allotment

Updates:
- Punjab and Sind Bank IPO Allotment Status for ASBA Applicants
- Punjab and Sind Bank IPO Allotment Status declared

Punjab and Sind Bank IPO - Basis of Allotment

December 27, 2010 1
Punjab and Sind Bank IPO - Basis of Allotment
Format: Applied Sh - Allotted Sh - Ratio

50 - 50 - 2 out of 79
100 - 50 - 3 out of 65
150 - 50 - 5 out of 72
200 - 50 - 5 out of 54
250 - 50 - 11 out of 95
300 - 50 - 5 out of 36
350 - 50 - 6 out of 37
400 - 50 - 5 out of 27
450 - 50 - 5 out of 24
500 - 50 - 22 out of 95
550 - 50 - 14 out of 55
600 - 50 - 5 out of 18
650 - 50 - 22 out of 73
700 - 50 - 12 out of 37
750 - 50 - 17 out of 49
800 - 50 - 10 out of 27
850 - 50 - 24 out of 61
900 - 50 - 5 out of 12
950 - 50 - 11 out of 25
1000 - 50 - 25 out of 54
1050 - 50 - 17 out of 35
1100 - 50 - 28 out of 55
1150 - 50 - 8 out of 15
1200 - 50 - 5 out of 9
1250 - 50 - 11 out of 19
1300 - 50 - 56 out of 93
1350 - 50 - 5 out of 8
1400 - 50 - 24 out of 37
1450 - 50 - 45 out of 67
1500 - 50 - 25 out of 36
1550 - 50 - 33 out of 46
1600 - 50 - 20 out of 27
1650 - 50 - 71 out of 93

Punjab and Sind Bank IPO closed for subscription on Thursday, December 16, 2010. In the Retail Category, Punjab and Sind Bank IPO had received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times

Updates: 
- Punjab and Sind Bank IPO Allotment Status for ASBA Applicants
- Punjab and Sind Bank IPO Allotment Status declared

Punjab and Sind Bank IPO Allotment Status

December 27, 2010 0
Punjab and Sind Bank IPO Allotment Status
Punjab and Sind Bank IPO closed for subscription on Thursday, December 16, 2010. The IPO was oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The IPO had been receiving a wonderful response from its opening and has seen solid support across the board from all the categories of investors

Punjab and Sind Bank IPO Allotment Status is likely to be declared shortly. In the Retail Category, Punjab and Sind Bank IPO has received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times. Owing to this, the allotment to even the highest applicants in the Retail Category is expected to be on a lottery basis

The link for Punjab and Sind Bank IPO Allotment Status will be updated here as soon as it is declared. Check back Indian IPO Blog for the latest updates on Punjab and Sind Bank IPO Allotment Status!

Updates:
- Punjab and Sind Bank IPO Allotment Status for ASBA Applicants
- Punjab and Sind Bank IPO Allotment Status declared

Saturday, December 25, 2010

Merry Christmas and a Happy New Year!

December 25, 2010 0
Merry Christmas and a Happy New Year!

Friday, December 24, 2010

SAIL FPO likely in February, 2011

December 24, 2010 0
SAIL FPO likely in February, 2011
The Follow-on Public Offer (FPO) of Steel Authority of India (SAIL) is likely in February 2011

SAIL is India's largest steel producing company. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country. SAIL is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets

SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels, according to information available on Company's website

C Mahendra Exports IPO opens from December 31, 2010

December 24, 2010 0
C Mahendra Exports IPO opens from December 31, 2010
C Mahendra Exports is entering capital market with an initial public offer (IPO) of 1.5 Crore Equity Shares of Rs.10/- each. C. Mahendra Exports Ltd., is one of the leading diamantaire and jewelry company with a wide spread around the world

C.Mahendra Exports group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

Stay tuned for more on C Mahendra Exports IPO!

Thursday, December 23, 2010

Power Finance Corporation (PFC) to come up with a Follow-on Public Offer (FPO)

December 23, 2010 0
Power Finance Corporation (PFC) to come up with a Follow-on Public Offer (FPO)
Power Finance Corporation (PFC) is planning to come up with a Follow-on Public Offer (FPO), which is expected to hit the markets soon. The issue will comprise divestment of 5% stake held by the Centre along with 15% issuance of fresh equity. The decision on the FPO will be taken, taking into consideration the market situation and its favour-ability

Currently, the Government of India holds a 89.78% stake in the company. It had divested a 10% stake through an Initial Public Offer (IPO) in 2007

PFC is a non-banking financial institution that provides loans for various power projects in generation, transmission, distribution sector as well as for renovation & modernisation (R&M) of existing power projects

ONGC FPO Date | ONGC FPO likely in March 2011

December 23, 2010 0
ONGC FPO Date | ONGC FPO likely in March 2011
The proposed Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC), the state-owned oil and gas company in India, is likely to hit the streets by March, 2011. ONGC is Asia's largest and most active company involved in exploration and production of oil

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC significantly contributes to India's crude oil production and natural gas production.

Check back Indian IPO Blog for latest updates on ONGC FPO!

Shekhawati Poly-Yarn IPO Rating from CARE

December 23, 2010 0
Shekhawati Poly-Yarn IPO Rating from CARE
Credit Rating Agency CARE has assigned an IPO Grade 2/5 to the upcoming IPO of Shekhawati Poly-Yarn Ltd. An IPO Grade 2/5 to the company indicates that as per CARE, the company has 'Below Average Fundamentals'

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

Shekhawati Poly-Yarn IPO consists of 12,000,000 Equity Shares, having a Face Value of Rs.10/- each and would open for subscription from Monday, December 27, 2010. Hem Securities Limited is the Book Running Lead Manager (BRLM) to the Issue, while Sharex Dynamic (India) Pvt. Ltd. is the Registrar to the Issue. Shekhawati Poly-Yarn IPO would remain open for subscription till Wednesday, December 29, 2010

Ravi Kumar Distilleries Limited to list on Monday, December 27, 2010

December 23, 2010 0
Ravi Kumar Distilleries Limited to list on Monday, December 27, 2010
The Equity Shares of Ravi Kumar Distilleries Ltd. are to be listed on the exchanges with effect from Monday, December 27, 2010. Ravi Kumar is engaged in the business of manufacturing Indian made foreign liquor (IMFL)

Ravikumar Distilleries IPO had received a mixed response from the investors. While the IPO managed to gather good response from HNI and Retail Category, the subscription from the QIB Category was quite lackluster

Stay tuned to Indian IPO Blog for Listing Day updates on Ravi Kumar Distilleries Ltd.

Ravikumar Distilleries IPO Listing Details

December 23, 2010 0
Ravikumar Distilleries IPO Listing Details

A2Z Maintenance and Engineering Services plunges on Listing Day, closes 17.78% below Issue Price

December 23, 2010 0
A2Z Maintenance and Engineering Services plunges on Listing Day, closes 17.78% below Issue Price
A2Z Maintenance and Engineering Services Ltd., which listed on the exchanges today, opened at Rs.390/- per share on the BSE as against the Issue Price of Rs.400/- per share. Amidst high turnover, the share kept drifting down and touched an Intra-day low of Rs.318.65 on the BSE, before closing the Listing Day at Rs.328.90, at a discount of 17.78% over the Issue Price

A2Z Maintenance and Engineering Services Ltd. is an engineering, procurement and construction (“EPC”) company, The IPO had finally managed to gather 0.96 times subscription on an overall basis on the closing day

Shekhawati Poly-Yarn IPO Details

December 23, 2010 0
Shekhawati Poly-Yarn IPO Details
Issue Size: 12,000,000 Equity Shares of Rs.10/- each 

Issue Opens on: Monday, December 27, 2010
Issue Closes on: Wednesday, December 29, 2010
Issue Type: Fixed Price Issue IPO
Issue Price: Rs.30/- per equity share
Bid Lot: 200 Equity Shares and in multiples thereof
Lead Manager: Hem Securities Limited
Registrar: Sharex Dynamic (India) Pvt. Ltd.

Wednesday, December 22, 2010

Shekhawati Poly-Yarn IPO Issue Price and Bid Lot

December 22, 2010 0
Shekhawati Poly-Yarn IPO Issue Price and Bid Lot
Shekhawati Poly-Yarn IPO is a Fixed Price Issue with a Fixed Price of Rs.30/- per equity share. Correspondingly, the bid lot or the minimum lot for the Issue is fixed at 200 Equity Shares and in multiples thereof

Shekhawati Poly-Yarn IPO consists of 12,000,000 Equity Shares, having a Face Value of Rs.10/- each and would open for subscription from Monday, December 27, 2010. Hem Securities Limited is the Book Running Lead Manager (BRLM) to the Issue, while Sharex Dynamic (India) Pvt. Ltd. is the Registrar to the Issue. Shekhawati Poly-Yarn IPO would remain open for subscription till Wednesday, December 29, 2010

Shekhawati Poly-Yarn is manufacturer of Polyester Texturised Yarn (PTY), which is mainly used for manufacturing apparels i.e. suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery

Stay tuned to Indian IPO Blog for latest updates on Shekhawati Poly-Yarn IPO!

Shekhawati Poly-Yarn IPO opens from Monday, December 27, 2010

December 22, 2010 0
Shekhawati Poly-Yarn IPO opens from Monday, December 27, 2010
Shekhawati Poly-Yarn is entering capital markets with an IPO of about 1.2 Crore Equity Shares. Shekhawati Poly-Yarn is presently engaged in manufacturing of texturised and twisted yarn

According to the company's website, the Company commenced manufacturing activities under the stewardship of Mr.Mukesh Ruia and Mr.Ramniranjan Ruia. The company has been in the Polyester Industry for more than a decade and since incorporation has been engaged solely into the manufacture of Polyester Texturised Yarn (PTY), which is used in the process of weaving of fabric used for suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery

Shekhawati Poly-Yarn IPO would remain open for subscription between Monday, December 27, 2010 and Wednesday, December 29, 2010. The IPO is a Fixed Price Issue with Issue Price of Rs.30/- per equity share

Stay tuned for more on Shekhawati Poly-Yarn IPO!

Sabari Inn to come up with an IPO

December 22, 2010 0
Sabari Inn to come up with an IPO
Sabari Inn is planning to come up with an IPO, for which the company has filed a Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

Sabari Inn is a part of Sabari Group which has interest in Hospitality, Retail and Real Estate development

Stay tuned for latest updates on Sabari Inn IPO!

A2Z Maintenance and Engineering Services to list on Thursday, December 23, 2010

December 22, 2010 0
A2Z Maintenance and Engineering Services to list on Thursday, December 23, 2010
The Equity Shares of A2Z Maintenance and Engineering Services Ltd. would be listed and admitted to the dealings on the exchanges with effect from Thursday, December 23, 2010 in the 'B' Group of Securities

A2Z Maintenance and Engineering Services IPO was subscribed 0.96 times on an overall basis and 0.33 times in the Retail Category

Click here for A2Z Maintenance and Engineering Services IPO Listing Details

A2Z Maintenance & Engineering Services Listing Details

December 22, 2010 0
A2Z Maintenance & Engineering Services Listing Details

Tuesday, December 21, 2010

Reid and Taylor India to come up with an IPO

December 21, 2010 0
Reid and Taylor India to come up with an IPO
Reid & Taylor (India) Ltd., a subsidiary of S Kumars Nationwide Ltd. (SKNL), is planning to come up with an IPO. The Company has already filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

According the the company's website, Reid & Taylor was launched by SKNL in India in 1998 with the inauguration of a state-of-the-art fabric plant at Mysore. Reid & Taylor has been styling the world's elite for over 170 years.

Reid & Taylor was the first brand in India to offer both fabrics and apparel under one label. The apparel range includes formal and casual daywear suits, jackets, trousers, shirts ties and accessories along with a wide selection of T-shirts, jeans, and other weekend wear. Amitabh Bachchan, India's most well-recognised and admired film icon endorses the brand

Monday, December 20, 2010

A2Z Maintenance and Engineering Services IPO Allotment Status

December 20, 2010 0
A2Z Maintenance and Engineering Services IPO Allotment Status

Ravi Kumar Distilleries IPO Allotment Status declared

December 20, 2010 0
Ravi Kumar Distilleries IPO Allotment Status declared
Ravi Kumar Distilleries IPO Allotment Status is declared online and can be checked from link provided below. Ravi Kumar Distilleries IPO had closed for subscription on Friday, December 10, 2010 and was subscribed 2.22 times on an overall basis and 3.01 times in the Retail Category

Click here to check Ravi Kumar Distilleries IPO Allotment Status now

Claris Lifesciences closes listing day with a discount of 9.7% on the Issue Price

December 20, 2010 0
Claris Lifesciences closes listing day with a discount of 9.7% on the Issue Price
Claris Lifesciences Ltd., which listed its shares on BSE from today, opened at Rs.224.40 as against an Issue Price of Rs.228/- per share, at a discount of about 1.6% on the Issue Price. The share touched an Intra-day High of Rs.227.90 and an Intra-day Low of Rs.198.10 before closing at Rs.205.85 on the BSE

Claris is an Indian sterile injectables pharmaceutical company with a presence in 76 countries worldwide. Claris Lifesciences IPO was earlier extended and price band revised, consequent to which the IPO was subscribed 1.50 times on an overall basis

L&T Finance Holdings IPO - Draft Red Herring Prospectus (DRHP)

December 20, 2010 0
L&T Finance Holdings IPO - Draft Red Herring Prospectus (DRHP)
L&T Finance, a subsidiary of Larsen & Toubro, is planning to come up with an IPO soon. L&T Finance is one of the leading NBFCs in the country and offers a wide spectrum of financial products and services for trade, industry and agriculture. It was incorporated as a Non Banking Finance Company in November 1994

Click here to download the Draft Red Herring Prospectus (DRHP) filed by the company with Securities and Exchange Board of India (SEBI)

Claris Lifesciences lists at a discount

December 20, 2010 0
Claris Lifesciences lists at a discount
Claris Lifesciences Ltd., which listed its shares on BSE from today, opened at Rs.224.40 as against an Issue Price of Rs.228/- per share, at a discount of about 1.6% on the Issue Price

Claris Lifesciences IPO was earlier extended and price band revised, consequent to which the IPO was subscribed 1.50 times on an overall basis. Claris is one of the largest Indian sterile injectables pharmaceutical companies with a presence in 76 countries worldwide

Saturday, December 18, 2010

Shipping Corporation of India (SCI) FPO - Basis of Allotment (Retail Category)

December 18, 2010 0
Shipping Corporation of India (SCI) FPO - Basis of Allotment (Retail Category)
The Retail Category was subscribed to the extent of 6.25 times. There were a total of 308,395 applications for 187,183,150 Equity Shares out of which 88,125 applications for 46,573,850 Equity Shares were made under ASBA process. Of these 303,639 applications for 185,199,050 Equity Shares were found valid and they were considered for allotment at a price of Rs.133 per Equity Share. The total number of Equity Shares allotted in Retail Individual Bidders category is 29,623,556 Equity Shares which were allotted to 241,081 successful applicants. The category-wise details of the Basis of Allotment are as under:
Category No. of Applications % to total Total No.
of Equity Shares applied
% of total No. of' Equity .
Shares
allotted
Ratio Total No. of Equity Shares allotted
50 27,300 8.99 1,365,000 0.74 50 4:25 218,400
100 31,721 10.45 3,172,100 1.71 50 8:25 507,550
150 14,681 4.84 2,202,150 1.19 50 12:25 352,350
200 22,274 7.34 4,454,800 2.41 50 16:25 712,750
250 9,273 3.05 2,318,250 1.25 50 4:5 370,900
300 9,308 3.07 2,792,400 1.51 50 16:17 438,000
350 14,980 4.93 5,243,000 2.83 56 FIRM 838,880
Additional (for category 350 shares only)
1 5:102 734
400 7,082 2.33 2,832,800 1.53 64 FIRM 453,248
450 2,161 0.71 972,450 0.53 72 FIRM 155,592
500 10,713 3.53 5,356,500 2.89 80 FIRM 857,040
550 1,905 0.63 1,047,750 0.57 88 FIRM 167,640
600 2,492 0.82 1,495,200 0.81 96 FIRM 239,232
650 1,370 0.45 890,500 0.48 104 FIRM 142,480
700 73,537 24.22 51,475,900 27.80 112 FIRM 8,236,144
750 3,010 0.99 2,257,500 1.22 120 FIRM 361,200
800 1,059 0.35 847,200 0.46 128 FIRM 135,552
850 556 0.18 472,600 0.26 136 FIRM 75,616
900 798 0.26 718,200 0.39 144 FIRM 114,912
950 286 0.09 271,700 0.15 152 FIRM 43,472
1000 2,745 0.90 2,745,000 1.48 160 FIRM 439,200
1050 723 0.24 759,150 0.41 168 FIRM 121,464
1100 614 0.20 675,400 0.36 176 FIRM 108,064
1150 222 0.07 255,300 0.14 184 FIRM 40,848
1200 439 0.14 526,800 0.28 192 FIRM 84,288
1250 366 0.12 457,500 0.25 200 FIRM 73,200
1300 267 0.09 347,100 0.19 208 FIRM 55,536
1350 260 0.09 351,000 0.19 216 FIRM 56,160
1400 63,496 20.91 88,894,400 48.00 224 FIRM 14,223,104

Claris Lifesciences IPO Listing Details

December 18, 2010 0
Claris Lifesciences IPO Listing Details

Friday, December 17, 2010

Claris Lifesciences IPO Listing on Monday, December 20, 2010

December 17, 2010 0
Claris Lifesciences IPO Listing on Monday, December 20, 2010
The Equity Shares of Claris Lifesciences Ltd. will be listed and admitted to the dealings on the exchange with effect from Monday, December 20, 2010. Claris Lifesciences Ltd. IPO was finally subscribed fully consequent to extension and Revision of Price Band. The Issue Price of the Claris Lifesciences IPO was fixed at Rs.228/- per equity share

Claris Lifesciences Limited (CLL) is an Ahmedabad based pharmaceutical company. Claris is the largest Indian sterile injectables pharmaceutical companies with a presence in 76 countries worldwide. Claris offers 113 products across multiple markets and therapeutic areas. All of these products are off-patent products

Punjab and Sind Bank IPO closes with fabulous oversubscription

December 17, 2010 0
Punjab and Sind Bank IPO closes with fabulous oversubscription
Punjab and Sind Bank IPO, which closed for subscription yesterday on Thursday, December 16, 2010, has been finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The IPO has been receiving a wonderful response from its opening and has seen solid support across the board from all the categories of investors

In the Retail Category, Punjab and Sind Bank IPO has received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times. Owing to this, the allotment to even the highest applicants in the Retail Category is expected to be on a lottery basis

The subscription in the QIB and HNI Category has also been concrete with those categories getting overbid 49.80 times and 85.84 times respectively. Besides, the Employees category is also fully subscribed at 1.61 times

Check back Indian IPO Blog for Punjab and Sind Bank IPO Allotment Status, Basis of Allotment, Listing Dates and other updates on Punjab and Sind Bank IPO!

Thursday, December 16, 2010

Punjab and Sind Bank IPO - Final Oversubscription Status

December 16, 2010 0
Punjab and Sind Bank IPO - Final Oversubscription Status

Punjab and Sind Bank IPO - Final Oversubscription Statistics

December 16, 2010 0
Punjab and Sind Bank IPO - Final Oversubscription Statistics
Category   No.of shares offered / reserved   No. of shares bid for   No. of times of total meant for the category

QIB   19000000   946149350   49.7973

             

HNI   5700000   489281450   85.8389

             

Retail (RII)   13300000   591240650   44.4542

             

Employees   2000000   3215200   1.6076

             

Overall




50.75  times

Punjab and Sind Bank IPO crosses 50 times oversubscription

December 16, 2010 0
Punjab and Sind Bank IPO crosses 50 times oversubscription
Punjab and Sind Bank IPO has now been bid by a staggering 50.41 times on an overall basis till Thursday, December 16, 2010 1900 hrs IST as per data available on the NSE website. The final subscription status will be updated here soon.

The response from the Retail category has also been superb with the category overbid more than about 36 times. Punjab and Sind Bank IPO had opened for subscription from Monday, December 13, 2010 and has been receiving wonderful support from all categories of investors

Stay tuned to Indian IPO Blog for category-wise final subscription of Punjab and Sind Bank IPO!

Punjab and Sind Bank IPO oversubscribed 48.74 times till 5 PM on the closing day

December 16, 2010 0
Punjab and Sind Bank IPO oversubscribed 48.74 times till 5 PM on the closing day
Punjab and Sind Bank IPO has been oversubscribed 48.74 times on an overall basis till Thursday, December 16, 2010 1700 hrs IST as per data available on the NSE website. The Retail Category has also received overwhelming response with the category getting overbid by more than 30 times till now

Punjab and Sind Bank IPO had received a good response from its opening and was subscribed 29.77 times on an overall basis till Day 3, December 15, 2010

Claris Lifesciences IPO Allotment Status declared

December 16, 2010 0
Claris Lifesciences IPO Allotment Status declared
Claris Lifesciences IPO Allotment Status is declared and can be checked from the link provided below:

Click here to check your Allotment Status now

Claris Lifesciences IPO was finally subscribed fully at 1.50 times on an overall basis, after extension and revision of Price Band

ONGC splits share, approves Dividend and Bonus before FPO

December 16, 2010 0
ONGC splits share, approves Dividend and Bonus before FPO
Oil and Natural Gas Corporation (ONGC) Board today has recommended for approval of the shareholders for sub division of each Equity Share of the Company of Rs.10/- each fully paid up into two equity shares of Rs.5/- each fully paid up

Moreover, the Board has also recommended for approval of the shareholders for issuance of Bonus shares in the proportion of one new Equity Share of Rs.5/- each as a Bonus for every one existing Equity Share of Rs.5/- each fully paid up by capitalization of reserves

Besides, ONGC Board has also approved a Special Interim dividend of Rs.32/- per share of Rs.10/- each fully paid up for the Financial Year 2010-11

The move comes ahead of the proposed Follow-on Public Offer of the Company, which is expected to hit the markets soon. Check back Indian IPO Blog for latest updates on ONGC FPO

Punjab and Sind Bank IPO Bidding Status update till December 16, 2010 1600 hrs IST

December 16, 2010 0
Punjab and Sind Bank IPO Bidding Status update till December 16, 2010 1600 hrs IST
Punjab and Sind Bank IPO has been receiving heavy subscription and is overbid 47.20 times on an overall basis till 4 PM on the closing day, as per data available on the NSE website

Punjab and Sind Bank IPO had received a good response from its opening and was subscribed 29.77 times on an overall basis till Day 3, December 15, 2010

Stay tuned for more on Punjab and Sind Bank IPO!

Punjab and Sind Bank IPO oversubscribed 41.83 times till 3 PM on closing day

December 16, 2010 0
Punjab and Sind Bank IPO oversubscribed 41.83 times till 3 PM on closing day
Punjab and Sind Bank IPO, which closes for subscription today, has received excellent support with the IPO getting overbid by 41.83 times on an overall basis till 2 PM on the closing day. The IPO closed for QIB Category yesterday, and had managed to gather solid support from QIB Investors, the category being oversubscribed close to 50 times

The subscription from the Retail Category has also sky-rocketed on the closing day with the category getting overbid approximately by more than 21 times till December 16, 2010 1500 hrs IST, as per data available on the NSE website

Stay tuned for regular updates on Punjab and Sind Bank IPO Bidding Status!

Wednesday, December 15, 2010

Punjab and Sind Bank IPO closes for QIB Category, subscription rockets to 29.77 times on Day 3

December 15, 2010 0
Punjab and Sind Bank IPO closes for QIB Category, subscription rockets to 29.77 times on Day 3
Punjab and Sind Bank IPO, which closed for subscription for QIB Category, has received massive support on Day 3 with the IPO oversubscribed to the tune to 29.77 times at the close of Day 3, Wednesday, December 15, 2010

The subscription figure in the QIB Category has touched an amazing 49.7973 times with bids received for 946149350 Equity Shares as against 19000000 Equity Shares reserved for the category. The HNI Category has been overbid 22.91 times, while the participation from the Retail Category has also been highly spirited with the subscription in the category reaching 8.38 times already till Day 3, Wednesday, December 15, 2010

Punjab and Sind Bank IPO would close for categories other than QIB Category tomorrow, i.e. Thursday, December 16, 2010. With an overall subscription figure of close to 30 times already as also hefty oversubscription in the QIB Category, the subscriptions in the HNI and Retail Category are expected to shoot up on the closing day of the IPO

Check out Indian IPO Blog for Punjab and Sind Bank IPO subscription status updates at regular intervals throughout the closing day

Related post: Punjab and Sind Bank IPO - Subscription Status till Day 3, December 15, 2010 1700 hrs IST

Punjab and Sind Bank IPO - Subscription Status till Day 3, December 15, 2010 1700 hrs IST

December 15, 2010 0
Punjab and Sind Bank IPO - Subscription Status till Day 3, December 15, 2010 1700 hrs IST

Punjab and Sind Bank IPO overbid 29.77 times on Day 3

December 15, 2010 0
Punjab and Sind Bank IPO overbid 29.77 times on Day 3
Punjab and Sind Bank IPO subscription has rocketed to 29.77 times on an overall basis till Wednesday, December 15, 2010 1700 hrs IST, as per data available on the NSE website.

Punjab and Sind Bank IPO had received a good response from its opening and is subscribed 4.70 times on an overall basis till Day 2, December 14, 2010. Retail response has also been keen with the IPO already oversubscribed 2.09 times in the Retail Category till second day of the IPO

Check back Indian IPO Blog for latest updates on Punjab and Sind Bank IPO!

Related posts:
- Punjab and Sind Bank IPO closes for QIB Category, subscription rockets to 29.77 times on Day 3
- Punjab and Sind Bank IPO - Subscription Status till Day 3, December 15, 2010 1700 hrs IST

MOIL Limited premium cools off to 24% by the close of Listing Day

December 15, 2010 0
MOIL Limited premium cools off  to 24% by the close of Listing Day
MOIL Limited, which listed on the exchanges today, opened at a hefty Rs.565/- per share on the NSE as against an Issue Price of Rs.375/- per share, i.e. at a premium of Rs.190/- per share or about 50.66% on the Issue Price

However, the strength could not quite be sustained for long as it drifted down to sub 550 levels in opening few minutes of trade and eventually slipped below the 500 mark by about 1:30 PM on the BSE. It touched an Intra-day high of Rs.591.05 and an Intra-day low of Rs.458.50 before closing the listing day at Rs.466.50 per share

MOIL Limited (Manganese Ore India Limited) is a producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel

MOIL Ltd. IPO had opened for subscription from Friday, November 26, 2010 and was assigned an IPO Grade 5/5 by credit rating agency CARE

Punjab and Sind Bank IPO Bidding Status update till 4 PM

December 15, 2010 0
Punjab and Sind Bank IPO Bidding Status update till 4 PM
Punjab and Sind Bank IPO has received an amazing response on Day 3 with the IPO now overbid more than 27 times till 4 PM on Wednesday, December 15, 2010, as per data available on the NSE website. The IPO closes for subscription for QIB Category today and for other categories tomorrow.

The response from the Retail Category has also been augmenting and is expected to shoot up further tomorrow being the closing day of the IPO. Stay tuned to Indian IPO Blog for latest updates on Punjab and Sind Bank IPO!

Punjab & Sind Bank IPO Bidding Status till 12 PM on December 15, 2010

December 15, 2010 0
Punjab & Sind Bank IPO Bidding Status till 12 PM on December 15, 2010
Punjab & Sind Bank IPO has been bid more than 6.4 times till 12 PM on Wednesday, December 15, 2010, as per data available on NSE website. Punjab and Sind Bank IPO, which is open for subscription from Monday, December 13, 2010, closes for subscription for QIB Category today, the closing date for other investors being tomorrow, i.e. Thursday, December 16, 2010

Punjab and Sind Bank IPO has received a good response from its opening and is subscribed 4.70 times on an overall basis till Day 2, December 14, 2010

Check back Indian IPO Blog for latest updates on Punjab & Sind Bank IPO Subscription Status updates!

MOIL Limited debuts at a handsome premium of 50% over Issue Price

December 15, 2010 0
MOIL Limited debuts at a handsome premium of 50% over Issue Price
The Equity Shares of MOIL Limited listed on the NSE at Rs.565/- per share. The Issue Price was fixed at the higher end of the price band at Rs.375/- per equity share. Retail Investors and Employees were offered a discount of 5% on the issue price, the Issue Price for them therefore being Rs.356.25


MOIL Limited (Manganese Ore India Limited) is a producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel

MOIL Ltd. IPO had opened for subscription from Friday, November 26, 2010 and was assigned an IPO Grade 5/5 by credit rating agency CARE

Shipping Corporation FPO shares to trade from today

December 15, 2010 0
Shipping Corporation FPO shares to trade from today
Shipping Corporation FPO shares would be listed and permitted to trade from today. Shipping Corporation of India FPO was finally oversubscribed 4.92 times on an overall basis.

The FPO had opened for subscription from Tuesday, November 30, 2010 and consisted of 84,690,730 Equity Shares of Rs.10/- each in a price band of Rs.135/- to Rs.140/- per equity share. The Issue Price was fixed at the cap price of the price band with a 5% Discount on the final Issue Price to the Retail category of Investors

Punjab and Sind Bank IPO closes for QIB category today, bid 4.7 times till Day 2

December 15, 2010 0
Punjab and Sind Bank IPO closes for QIB category today, bid 4.7 times till Day 2
Punjab and Sind Bank IPO, which is open for subscription from Monday, December 13, 2010, closes for subscription for QIB Category today, the closing date for other investors being tomorrow, i.e. Thursday, December 16, 2010

Punjab and Sind Bank IPO has received a good response from its opening and is subscribed 4.70 times on an overall basis till Day 2, December 14, 2010. Retail response has also been keen with the IPO already oversubscribed 2.09 times in the Retail Category till second day of the IPO

Punjab and Sind Bank IPO was assigned an IPO Grade 4/5 by credit rating agency CARE.
Click here for more on Punjab and Sind Bank IPO Rating

Tuesday, December 14, 2010

MOIL Limited IPO - Basis of Allotment for Retail Category (Summarized)

December 14, 2010 0
MOIL Limited IPO - Basis of Allotment for Retail Category (Summarized)
The Retail Category for MOIL Limited IPO was subscribed to the extent of 31.59 times. The total number of shares allotted in Retail Individual Investor category is 11,634,647 Equity Shares which were allotted to 684391 successful applicants. The category-wise details of the Basis of Allocation are as under:


No. of Sh Applied   No. of Sh Allotted   Ratio
   
17   17   1:31
34   17   3:47
51   17   2:21
68   17   6:47
85   17   6:37
102   17   6:31
119   17   7:31
136   17   8:31
153   17   9:31
170   17   10:31
187   17   6:17
204   17   13:34
221   17   13:31
238   17   15:34
255   17   9:19
272   17   1:2
289   17   19:35
306   17   19:33
323   17   20:33
340   17   7:11
357   17   2:3
374   17   23:33
391   17   8:11
408   17   29:38
425   17   26:33
442   17   43:53
459   17   28:33
476   17   51:58
493   17   10:11
510   17   31:33
527   17   49:50

Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times