February 2010 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Sunday, February 28, 2010

NMDC FPO - Discount to Retail Investors

February 28, 2010 0
NMDC FPO - Discount to Retail Investors
NMDC Ltd., a Government of India fully owned public enterprise, under the administrative control of the Ministry of Steel, Government of India, is coming up with a Follow-on Public Offer (FPO) of 332,243,200 Equity Shares of Face Value Re.1/- each

The Retail Individual Bidders and Eligible Employees will receive a 5% discount to the offer price determined pursuant to the completion of the book-building process

NMDC FPO opens for subscription from Wednesday, March 10, 2010 and would remain open for subscription till Friday, March 12, 2010

Friday, February 26, 2010

NTPC FPO - Basis of Allotment

February 26, 2010 0
NTPC FPO - Basis of Allotment
The Retail Category was subscribed to the extent of 0.14 times and hence Allotment was done on Full and Firm basis to all valid applicants. The total number of Equity Shares Allotted in Retail Individual category is 20,546,960 Equity Shares to 89,196 applicants. Under-subscription in the Retail Portion of 122,253,040 Shares was added to the QIB Portion

NMDC FPO | NMDC FPO to open from Wednesday, March 10, 2010

February 26, 2010 0
NMDC FPO | NMDC FPO to open from Wednesday, March 10, 2010
National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, is coming up with a Follow-on Public Offer (FPO), which would be open for subscription between Wednesday, March 10, 2010 and Friday, March 12, 2010

NMDC was incorporated in 1958 and is a fully owned Government of India public enterprise and a Navratna company, which is under the administrative control of the Ministry of Steel, Government of India. NMDC involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna

Earlier, the Company had filed a Draft Red Herring Prospectus (DRHP) for the FPO, which would consist of 332,243,200 Equity Shares, having a Face Value of Re.1/- each. The offer would comprise a net offer to the public of 330,500,000 equity shares and a reservation of 1,743,200 equity shares for purchase by eligible employees at a discount of 5% of the floor price

Thursday, February 25, 2010

United Bank of India IPO finally oversubscribed 33.38 times

February 25, 2010 0
United Bank of India IPO finally oversubscribed 33.38 times
United Bank of India IPO, which closed for subscription today, i.e. on Thursday, February 25, 2010, has concluded with a passionate response from Investors. The IPO has been oversubscribed by an impressive 33.38 times on an overall basis with a strong response from QIB and HNI Categories, which are oversubscribed 47.08 times and 39.15 times respectively. Retail Investors have also joined in on the last day of the IPO, with a zealous response with the category finally getting oversubscribed 9.80 times

It deserves mention that the IPO was subscribed only 2.65 times till yesterday, i.e. till second day of its opening with the Retail Category getting subscribed only 70.01% till Day 2

United Bank of India IPO Subscription Status (Final) as on Thursday, February 25, 2010 1900 hrs IST:
QIB: 47.08 times
Non-Institutional Investors: 39.15 times
Retail: 9.80 times
Employees: 0.53 times
Overall: 33.38 times

Click here to view United Bank of India IPO - Subscription Statistics

United Bank IPO - Subscription Figures

February 25, 2010 0
United Bank IPO - Subscription Figures

Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
QIB 28500000 1341847100 47.0824

HNI 4750000 185974500 39.1525

Retail (RII) 14250000 139704100 9.8038

Employees 2500000 1325200 0.5301

Overall




33.38  times

United Bank of India IPO oversubscribed more than 33 times

February 25, 2010 0
United Bank of India IPO oversubscribed more than 33 times

Wednesday, February 24, 2010

Emmbi Polyarns IPO - Listing Price

February 24, 2010 0
Emmbi Polyarns IPO - Listing Price
ISIN: INE753K01015
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533161
NSE Symbol: EMMBI
Listing in: 'B' Group of Securities
Issue Price: Rs.45/- per equity share

Listing Price and Info (on Wednesday, February 24, 2010):
On the BSE
On the NSE
Open: 45.50
Open: 46.00
High: 48.35
High: 48.30
Low: 26.50
Low: 26.65
Close: 28.65 Close: 28.20

DB Realty IPO - Listing Price

February 24, 2010 0
DB Realty IPO - Listing Price
ISIN: INE879I01012
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533160
NSE Symbol: DBREALTY
Listing in: 'B' Group of Securities
Issue Price: Rs.468/- per equity share

Listing Price and Info (on Wednesday, February 24, 2010):
On the BSE
On the NSE
Open: 430.00
Open: 452.10
High: 466.20
High: 467.00
Low: 412.50
Low: 412.45
Close: 455.40
Close: 455.05























ARSS Infrastructure IPO Allotment Status

February 24, 2010 0
ARSS Infrastructure IPO Allotment Status
ARSS Infrastructure IPO Allotment Status is declared and can be checked online now

Click here to check your allotment status now!

ARSS Infrastructure Projects Ltd. IPO had received outstanding response from the investors, with the IPO getting oversubscribed by an incredible 47.62 times on an overall basis. The IPO had received open-hearted response from all the categories, with a remarkable response from the HNI Category which is overbid 124.53 times

The Basis of Allotment of ARSS Infrastructure Projects Ltd. IPO will be updated to Indian IPO Blog as soon as it is available. Keep checking back frequently for ARSS Infrastructure Projects Ltd. IPO - Basis of Allotment

Related posts: 
> ARSS Infrastructure lists with rocketing premium
> View all posts on ARSS Infrastrcuture IPO

United Bank of India IPO subscribed 2.65 times till second day

February 24, 2010 0
United Bank of India IPO subscribed 2.65 times till second day
United Bank of India IPO has been subscribed 2.65 times till the second day of its opening. The subscription is mainly supported by the QIB Category which is now subscribed above 4 times. Meanwhile, the HNI Category has been fully subscribed and subscription in this category stands at 1.01 times till Day 2. Following is the category-wise bidding status of the IPO till second day:

United Bank of India IPO Bidding Status as on Wednesday, February 24, 2010 1700 hrs IST:
QIB: 4.13 times
Non-Institutional Investors: 1.01 times
Retail: 0.70 times
Employees: 0.12 times
Overall: 2.65 times

Emmbi Polyarns IPO - Basis of Allotment

February 24, 2010 0
Emmbi Polyarns IPO - Basis of Allotment
The Retail Category was subscribed 0.439 times. 741 applications for 3,14,700 Equity Share were made under the ASBA process out of which 687 vaid applications for 2,99,700 equity shares were considered for allotment. The unsubscribed portion of Retail individual Investors Category, i.e. 16,87,595 equity shares has been added to the Non Institutional Investors category. The total number of shares allotted in this category is 13,25,100 Equity Shares to 2378 successful applicants. All the applicants in this category have been given full and firm allotment

Aqua Logistics IPO - Basis of Allotment (Retail Category)

February 24, 2010 0
Aqua Logistics IPO - Basis of Allotment (Retail Category)
Note: This post contains tables and therefore the contents of this post may not be appropriately displayed in an email. If you experience problems in viewing this post in an email, you are advised to visit Indian IPO Blog for viewing the posted content in its original format


No. of Sh Applied No. of Sh Allotted Ratio
25 25 10:17
50 29 1:1
75 44 1:1
100 59 1:1
125 74 1:1
150 88 1:1
175 103 1:1
200 118 1:1
225 132 1:1
250 147 1:1
275 162 1:1
300 177 1:1
325 191 1:1
350 206 1:1
375 221 1:1
400 235 1:1
425 250 1:1
Addl 1 Sh 7:64
450 265 1:1

The Retail category was over subscribed 1.67 times. As per the Prospectus, the spill over portion from QIB Category was 18,78,049 equity shares and additional 30,360 Equity Shares were allotted due to Retail discount of Rs. 5/- per equity share. The total number of equity shares allotted in this category is 43,13,908 Equity Shares to 21,228 successful applicants

DB Realty IPO - Basis of Allotment

February 24, 2010 0
DB Realty IPO - Basis of Allotment
The Retail category was subscribed 0.35 times. As per the Red Herring Prospectus, the unsubscribed portion of Retail Portion is spill over to Non Institutional Portion (8,94,062 equity shares), QIB Portion (53,64,374 equity shares) and Additional spill Over to Non institutional Portion (25,970 equity shares) due to cheque return & rejections. The total number of shares allotted in this category is 33,30,978 Equity Shares to 22,131 successful applicants. The shares were allotted on a Firm Basis

Hathway Cables Ltd. to list on February 25, 2010

February 24, 2010 0
Hathway Cables Ltd. to list on February 25, 2010
The Equity Shares of Hathway Cable & Datacom Ltd. will be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Thursday, February 25, 2010. Listing Details are given below:

Hathway Cable & Datacom Ltd. IPO Listing Date and Info:
ISIN: INE982F01028
IPO Listing Date: Thursday, February 25, 2010
BSE Script Code: 533162
NSE Symbol: HATHWAY
Listing in: 'B' Group of Securities
Issue Price: Rs.240/- per equity share

United Bank of India IPO Bidding Status update on Day 2

February 24, 2010 0
United Bank of India IPO Bidding Status update on Day 2
United Bank of India IPO has been subscribed more than 2.5 times till about 4:00 PM on Day 2 of its opening on an overall basis, as per data available on the NSE Website. Stay tuned for detailed category-wise subscription status of the IPO on Day 2


United Bank of India IPO, which opened for subscription on Tuesday, February 23, 2010, was subscribed 1.88 times on an overall basis on its opening day, mainly on support from the QIB Category

Tuesday, February 23, 2010

REC FPO finally subscribed 3.14 times

February 23, 2010 0
REC FPO finally subscribed 3.14 times
The FPO of the state-run Rural Electrification Corporation Ltd., which closed for subscription today, has been subscribed 3.14 times on an overall basis. The QIB portion has been oversubscribed 5.52 times. However, Retail Investors have not shown much of a keen interest in the FPO with the category remaining subscribed at 0.23 times or 22.97% only.

REC FPO Bidding Status (Final) as on Tuesday, February 23, 2010 1800 hrs IST:
QIB: 5.52 times
Non-Institutional Investors: 2.05 times
Retail: 0.23 times
Employees: 0.85 times
Overall: 3.14 times

Hathway Cables IPO Allotment Status declared

February 23, 2010 0
Hathway Cables IPO Allotment Status declared

United Bank of India IPO subscribed 1.88 times on its opening day

February 23, 2010 0
United Bank of India IPO subscribed 1.88 times on its opening day
United Bank of India IPO, which opened for subscription from today, has been subscribed 1.88 times on an overall basis on its opening day, mainly on support from the QIB Category, which is oversubscribed 3.24 times. HNI and Retail Category have both received feeble response on the opening day with HNI Category getting bid upto 0.0041 times and Retail Category receiving bids for 1736400 as against 14250000 reserved for the category. Following is the Bidding Status of United Bank of India IPO on Day 1:

United Bank of India IPO Bidding Status as on Day 1, i.e. February 23, 2010 1700 hrs IST:
QIB: 3.24 times
Non-Institutional Investors: 0.00 times
Retail: 0.12 times
Employees: 0.01 times
Overall: 1.88 times

The IPO closes for subscription on Thursday, February 25, 2010. Stay tuned to Indian IPO Blog for latest bidding status updates on United Bank of India IPO!

United Bank of India IPO Bidding Status updates

February 23, 2010 0
United Bank of India IPO Bidding Status updates
As per the data available on NSE Website, the IPO of United Bank of India has been bid about 1.88 times till 5:00 pm on its opening day. The detailed category-wise bidding status as on First Day will be updated soon. Check back frequently for United Bank of India Bidding Status on its opening day

The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each. The equity shares are offered in a price band of Rs.60/- to Rs.66/- per equity share with a bid lot of 100 Equity Shares and in multiples thereof. The IPO closes for subscription on Thursday, February 25, 2010

Update: United Bank of India IPO subscribed 1.88 times on its opening day

United Bank of India IPO - ICRA Rating

February 23, 2010 0
United Bank of India IPO - ICRA Rating
Credit Rating Agency ICRA has assigned an IPO Grade 3 to the IPO of United Bank of India. ICRA assigns IPO gradings 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. An IPO Grade 3 from ICRA means that the company has average fundamentals. The IPO Grading Document for United Bank of India IPO can be downloaded from here


The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription between Tuesday, February 23, 2010 and Thursday, February 25, 2010. The day to day subscription status of the IPO will be posted here. Check back Indian IPO Blog frequently for latest updates on United Bank of India IPO!


More posts on United Bank of India IPO:
> United Bank IPO opens for subscription
> United Bank of India IPO | Download Red Herring Prospectus
> United Bank of India IPO Bid Lot and Price Band
> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Details
> United Bank of India IPO Price Band
> United Bank of India IPO to open from Tuesday, February 23, 2010

United Bank of India IPO assigned IPO Grade 4 by CARE

February 23, 2010 0
United Bank of India IPO assigned IPO Grade 4 by CARE
Credit rating agency, CARE has assigned an IPO Grade '4/5' for the IPO of United Bank of India IPO, indicating above average fundamentals. CARE assigns IPO Grades 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. CARE's IPO Grading assigned to any individual issue represents a relative assessment of the fundamentals of the issuer

The IPO Grading Document for United Bank of India IPO can be downloaded from here

United Bank IPO opens for subscription

February 23, 2010 0
United Bank IPO opens for subscription
The Initial Public Offer (IPO) of United Bank of India, one of the 14 major banks which were nationalised on July 19, 1969, opens for subscription from today. The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each

The IPO comprises of a net issue of 4.75 Crore Equity Shares of Face Value of Rs.10/- each to the public and a reservation of 25 Lakh Equity Shares for subscription by eligible employees. The issue shall constitute 15.80% of the post issue paid-up capital and the net issue shall constitute 15.01% of the post-issue capital of the bank. Thus, post the stake dilution, government holding in the bank would stand at 84.2%

The IPO would remain open for subscription till Thursday, February 25, 2010. The day to day subscription status of the IPO will be posted here. Check back frequently for latest updates on United Bank of India IPO!

Monday, February 22, 2010

Man Infra IPO oversubscibed by an astonishing 62.53 times

February 22, 2010 0
Man Infra IPO oversubscibed by an astonishing 62.53 times
Man Infra IPO, which opened for subscription from Thursday, February 18, 2010, has been greeted with a whole-hearted response from investors with the IPO receiving highest subscription in the last two years. The IPO has received oversubscription to the tune of an astounding 62.53 times on an overall basis. There has been an overwhelming subscription in the category of QIB and HNI Investors, which are oversubscribed by an astounding 96 and 105 times respectively

The IPO of Man Infraconstruction Limited, which opened for subscription on Thursday, February 18, 2010, had received a terrific response on the Day 1 with the IPO getting subscribed 3.10 times on the opening day.


Man Infraconstruction Ltd. IPO Subscription Status (Final) as on Monday, February 22, 2010 1815 hrs IST:
QIB: 96.06 times
Non-Institutional Investors: 104.54 times
Retail: 10.26 times
Employees: 0.01 times
Overall: 62.53 times

Emmbi Polyarns IPO Listing Date

February 22, 2010 0
Emmbi Polyarns IPO Listing Date
The Equity Shares of Emmbi Polyarns Limited shall be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Wednesday, February 24, 2010. Listing Details are given below:

Emmbi Polyarns Ltd. IPO Listing Date and Info:
ISIN: INE753K01015
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533161
NSE Symbol: EMMBI
Listing in: 'B' Group of Securities
Issue Price: Rs.45/- per equity share

REC FPO subscribed 0.59 times till Day 2

February 22, 2010 0
REC FPO subscribed 0.59 times till Day 2
Rural Electrification Corporation FPO has been subscribed 0.59 times till the second day of its opening. The QIB Category has been fully subscribed with the subscription in this category at 1.09 times till second day. The FPO has not seen much response from the other categories which remain under-subscribed till Day 2. Following is the Bidding Status of REC FPO till its second day:

REC FPO Bidding Status as on Day 2, i.e. Monday, February 23, 2010 1700 hrs IST:
QIB: 1.09 times
Non-Institutional Investors: 0.23 times
Retail: 0.03 times
Employees: 0.32 times
Overall: 0.59 times

United Bank of India IPO | Download Red Herring Prospectus

February 22, 2010 0
United Bank of India IPO | Download Red Herring Prospectus

Man Infra oversubcribed by more than 60 times

February 22, 2010 0
Man Infra oversubcribed by more than 60 times
As per data available on the NSE Website, Man Infra IPO has been oversubscribed more than 60 times till now on an overall basis. The detailed and more precise subscription statistics will be uploaded here soon.

Stay tuned for latest updates on Man Infra IPO!

United Bank of India IPO Bid Lot and Price Band

February 22, 2010 0
United Bank of India IPO Bid Lot and Price Band
United Bank of India IPO Bid Lot has been fixed at 100 Equity Shares and in multiples thereof. The price band for the IPO is Rs.60/- to Rs.66/- per equity share. The IPO consists of 50,000,000 Equity Shares of Rs. 10/- each

United Bank of India IPO is open between Tuesday, February 23, 2010 and Thursday, February 25, 2010

Sunday, February 21, 2010

United Bank of India IPO - Objects of the Issue

February 21, 2010 0
United Bank of India IPO - Objects of the Issue
1. To augment capital base to meet the future capital requirements arising out of the growth in their assets due to the growth of the Indian economy; and
2. For meeting the expenses of the Issue

Saturday, February 20, 2010

United Bank of India IPO Details

February 20, 2010 0
United Bank of India IPO Details
Issue Size: 50,000,000 Equity Shares of Rs. 10/- each
Issue Opens on: Tuesday, February 23, 2010
Issue Closes on: Thursday, February 25, 2010
Price Band: Rs.60/- to Rs.66/- per equity share
Bid Lot: 100 Equity Shares and in multiples thereof
Listing on: BSE, NSE
Lead Managers: Edelweiss Cap. Ltd., SBI Cap. Markets Ltd.
Registrar: Link Intime India Pvt. Ltd.



More posts on United Bank of India IPO:

> United Bank of India IPO | Download Red Herring Prospectus

> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Rating





Friday, February 19, 2010

Texmo Pipes IPO finally oversubscribed 7.48 times

February 19, 2010 0
Texmo Pipes IPO finally oversubscribed 7.48 times
Texmo Pipes & Products IPO has been finally subscribed 7.48 times on an overall basis. The IPO has received strong support from the HNI Category which has been oversubscribed 30.50 times. It has also managed to bring energetic support from Retail Category which is oversubscribed 7.26 times. The response from QIB Category has been relatively feeble as compared to other categories, although the same is fully subscribed


Texmo Pipes & Products Ltd. IPO Subscription Status (Final) as on Friday, February 19, 2010 1700 hrs IST:
QIB: 1.02 times
Non-Institutional Investors: 30.50 times
Retail: 7.26 times
Employees: 0.31 times
Overall: 7.48 times

Man Infraconstruction IPO subscribed 6.87 times till second day, mainly on QIB and HNI support

February 19, 2010 0
Man Infraconstruction IPO subscribed 6.87 times till second day, mainly on QIB and HNI support
Man Infraconstruction IPO has continued to garner response on Day 2, with the IPO getting subscribed 6.87 times, derived chiefly on support from QIB and HNI Categories. Retail Category subscription is currently at about 0.45 times till Day 2, which is marginal as compared to the high subscriptions in the QIB and HNI Categories. Following is the category-wise subscription status of Man Infraconstruction IPO till the second day of the IPO

Man Infraconstruction Ltd. IPO Bidding Status as on Day 2, i.e. Friday, February 19, 2010 1700 hrs IST:
QIB: 11.62 times
Non-Institutional Investors: 9.06 times
Retail: 0.45 times
Employees: 0.00 times
Overall: 6.87 times

REC FPO Bidding Status on Day 1

February 19, 2010 0
REC FPO Bidding Status on Day 1

Man Infra IPO Bidding Status update

February 19, 2010 0
Man Infra IPO Bidding Status update
Man Infra IPO has been subscribed more than about 6.5 times till now on an overall basis. However, this is mainly on account of support from QIB and HNI Categories. Earlier, the IPO had received good response on Day 1 with subscription figure at 3.10 times on an overall basis till Day 1

Stay tuned for detailed subscription status update on Day 2 of the IPO!

Update:  Man Infra IPO oversubscibed by an astounding 62.53 times

Rural Electrification Corporation FPO Info

February 19, 2010 0
Rural Electrification Corporation FPO Info
Issue Size: 171,732,000 Equity Shares of Rs.10/- each
Issue Opens on: Friday, February 19, 2010
Issue Closes on: Tuesday, February 23, 2010
Floor Price: Rs.203/- per equity share
Bid Lot: 30 Equity Shares and in multiples thereof
Lead Managers:
1. DSP Merrill Lynch Ltd.
2. ICICI Securities Ltd.
3. JM Financial Consultants Pvt. Ltd.
4. Kotak Mahindra Capital Co. Ltd.
Registar: Karvy Computershare Pvt. Ltd.

DB Realty Ltd. IPO Listing Date

February 19, 2010 0
DB Realty Ltd. IPO Listing Date
The Equity Shares of DB Realty Limited shall be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Wednesday, February 24, 2010. Listing Details are given below:

DB Realty Ltd. IPO Listing Date and Info:
ISIN: INE879I01012
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533160
NSE Symbol: DBREALTY
Listing in: 'B' Group of Securities
Issue Price: Rs.468/- per equity share

Thursday, February 18, 2010

NTPC FPO | NTPC FPO Allotment Status declared

February 18, 2010 0
NTPC FPO | NTPC FPO Allotment Status declared
NTPC FPO Allotment Status is now available online and can be checked at the following link

Click here to check your status now

Basis of Allotment for NTPC FPO will be updated here as soon as it is made available. Keep checking back for regular updates

DB Realty IPO Allotment Status declared

February 18, 2010 0
DB Realty IPO Allotment Status declared

Man Infra IPO gets wonderful response on First Day, subscribed 3 times

February 18, 2010 0
Man Infra IPO gets wonderful response on First Day, subscribed 3 times
The IPO of Man Infraconstruction Limited, which opened for subscription today, has received a very good response with the IPO getting subscribed 3.10 times on the opening day itself. The IPO has managed to garner magnificent subscription from the QIB and HNI Categories, which are subscribed about 4 and 8 times respectively. Retail Category, however, has received bids for 315700 Equity Shares as against 1620000 Equity Shares reserved for the category, thereby making the Retail Category subscribed by 19%. The detailed category-wise subscription status as on Day 1 is given below:


Man Infraconstruction IPO Bidding Status as on Thursday, February 18, 2010 1700 hrs IST:
QIB: 4.13 times
Non-Institutional Investors: 8.74 times
Retail: 0.19 times
Employees: 0.00 times
Overall: 3.10 times

Man Infraconstruction Ltd. is an infrastructure construction company headquartered in Mumbai. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. Man Infraconstruction Ltd. IPO would remain open for subscription till Monday, February 22, 2010

United Bank of India IPO Price Band

February 18, 2010 0
United Bank of India IPO Price Band
The price band for the upcoming IPO of United Bank of India is fixed at Rs.60/- to Rs.66/- per equity share. The IPO consists of 50,000,000 Equity Shares, having a Face Value of Rs.10/- each. The IPO will open on February 23, 2010 and close on February 25, 2010

United Bank of India is a public sector banking institution. The Bank is currently wholly-owned by the Government of India. United Bank of India is one of the 14 banks which were nationalised on July 19, 1969

Stay tuned for more on United Bank of India IPO!

Man Infra IPO | Man Infra IPO Subscription Status updates

February 18, 2010 0
Man Infra IPO | Man Infra IPO Subscription Status updates

Vascon Engineers IPO - Basis of Allotment (Retail Category)

February 18, 2010 0
Vascon Engineers IPO - Basis of Allotment (Retail Category)
The Retail Category has been over-subscribed to the extent of 0.48 times and hence allotment was done on full and firm basis to all valid applicants. Overall 7,695 applications for 1,542,450 Equity Shares were found valid and they were considered for allotment. The above includes 1,046 valid applications for 177,890 equity shares made under the ASBA process. The total number of shares allotted in Retail Individual Investor category is 1,542,450 Equity Shares to 7,695 applicants. Under-subscription in the Retail Portion of 1,682.808 shares has been added to the Qualified Institutional and Non Institutional Category in the ratio of the over subscription in these categories which is 24:76

REC FPO | REC FPO - Floor Price Fixed

February 18, 2010 0
REC FPO | REC FPO - Floor Price Fixed
The floor price for the upcoming FPO of Rural Electrification Corporation (REC) Ltd. has been fixed at Rs.203/- per equity share. The FPO would follow the French Auction Model for pricing of issue. In a French Auction Model Institutional buyers are free to bid above the floor price so fixed and the allotment is done on a price-priority basis at differential prices  


REC FPO consists of an aggregate of 171,732,000 Equity Shares, comprising of a Fresh Issue of 128,799,000 equity shares by the company and an Offer for Sale of 42,933,000 Equity Shares by the President of India, acting through the Ministry of Power, Government of India

The FPO would remain open for subscription between Friday, February 19, 2010 and Tuesday, February 23, 2010. Check back Indian IPO Blog for latest subscription status updates and more on REC FPO!

Related Posts:
> REC FPO to follow French Auction Model
> What is a 'French Auction' Model and how it works
> Rural Electrification Corporation FPO opens from February 19, 2010
> REC FPO likely in mid February
> Rural Electrification Corporation (REC) files DRHP for FPO

Texmo Pipes & Products Ltd. IPO - Bidding Status till Day 2

February 18, 2010 0
Texmo Pipes & Products Ltd. IPO - Bidding Status till Day 2

Emmbi Polyarms IPO Allotment Status

February 18, 2010 0
Emmbi Polyarms IPO Allotment Status

Wednesday, February 17, 2010

Thangamayil Jewellery Ltd. to list on Friday, February 19, 2010

February 17, 2010 0
Thangamayil Jewellery Ltd. to list on Friday, February 19, 2010
The Equity Shares of Thangamayil Jewellery Limited shall be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Friday, February 19, 2010. Listing Details are given below:

Thangamayil Jewellery Ltd. IPO Listing Date and Info:
ISIN: INE085J01014
IPO Listing Date: Friday, February 19, 2010
BSE Script Code: 533158
NSE Symbol: THANGAMAYIL
Listing in: 'B' Group of Securities
Issue Price: Rs.75 per equity share

United Bank of India IPO to open from Tuesday, February 23, 2010

February 17, 2010 0
United Bank of India IPO to open from Tuesday, February 23, 2010
United Bank of India, one of the 14 major banks which were nationalised in 1969, is coming up with an IPO of 5 Crore Equity Shares, having a Face Value of Rs.10/- each for cash at a price to be determined through a 100% Book Building process. The IPO will open on February 23, 2010 and close on February 25, 2010

Check back Indian IPO Blog for the latest updates on United Bank of India IPO!

REC FPO to follow French Auction Model

February 17, 2010 0
REC FPO to follow French Auction Model
REC FPO, like the recent FPO of NTPC Ltd., will follow the French Auction Model for pricing of its issue. The FPO would consists of 171,732,000 Equity Shares, each having a Face Value of Rs. 10 each

Rural Electrification Corporation Ltd., one of the leading public financial institutions in Indian power infrastructure engaged  in the financing and promotion of transmission, distribution and generation projects throughout India. REC intends to utilize the funds being raised through the issue to augment capital base to meet future capital requirements

REC FPO would remain open for subscription between Friday, February 19, 2010 and Tuesday, February 23, 2010

Syncom Healthcare IPO - Basis of Allotment

February 17, 2010 0
Syncom Healthcare IPO - Basis of Allotment
Note: This post contains tables and therefore the contents of this post may not be appropriately displayed in an email. If you experience problems in viewing this post in an email, you are advised to visit Indian IPO Blog for viewing the posted content in its original format


No. of Sh Applied No. of Sh Allotted Ratio
90 90 10:59
180 90 15:44
270 90 20:39
360 90 17:25
450 90 6:7
540 92 1:1
630 107 1:1
720 122 1:1
810 137 1:1
900 153 1:1
990 168 1:1
1080 183 1:1
1170 198 1:1
1260 213 1:1
Addl 1 Sh 13:22

The Retail Category was oversubscribed 5.90 times. As per the Red Herring Prospectus, the spill over portion from QIB Category was 36,456 equity shares. The total number of shares allotted in this category is 26,61,456 Equity Shares to 13,843 successful applicants

Thangamayil Jewellery IPO - Basis of Allotment (Retail Investors)

February 17, 2010 0
Thangamayil Jewellery IPO - Basis of Allotment (Retail Investors)
Note: This post contains tables and therefore the contents of this post may not be appropriately displayed in an email. If you experience problems in viewing this post in an email, you are advised to visit Indian IPO Blog for viewing the posted content in its original format


No. of Sh Applied No. of Sh Allotted Ratio
80 80 1:1
160 160 1:1
240 240 1:1
320 320 1:1
400 400 1:1
480 480 1:1
560 560 1:1
640 640 1:1
720 720 1:1
800 800 1:1
880 880 1:1
960 960 1:1
1040 1040 1:1
1120 1120 1:1
1200 1200 1:1
1280 1280 1:1

The Retail Category was subscribed 0.885 times. 740 applications for 2,18,240 equity shares were made under the ASBA process, The unsubscribed portion of Retail Individual Investors Category i.e. 1,49,223 equity shares has been added to the Non lnstflultonal investor (5,57,050) category. The total number of shares allotad in this category is 1,150,560 Equity States to 2847 successful applicants

Tuesday, February 16, 2010

Man Infraconstuction IPO | Man Infra IPO Rating

February 16, 2010 0
Man Infraconstuction IPO | Man Infra IPO Rating
Credit Rating Agency CRISIL has come out with an IPO Rating for the upcoming IPO of Man Infraconstuction Ltd., a construction company located in Mumbai. CRISIL has assigned a CRISIL IPO Grade 3/5 to the IPO. The grade indicates that the fundamentals of the issue are Average relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals


CRISIL assigns IPO gradings on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. The IPO Grading Document for the CRISIL Rating on Man Infraconstuction IPO can be downloaded from here


Man Infraconstruction Ltd., an infrastructure construction company headquartered in Mumbai, is entering capital markets with an IPO of 5,625,150 Equity Shares, having a Face Value of Rs.10/- each. The IPO would open for subscription from Thursday, February 18, 2010 and would remain open for subscription till Monday, February 22, 2010

Texmo Pipes & Products Ltd. IPO subscribed 0.38 times on First Day

February 16, 2010 0
Texmo Pipes & Products Ltd. IPO subscribed 0.38 times on First Day
Texmo Pipes & Products Ltd. IPO has been subscribed 38% on the first day of its opening. The Retail Category has received bids for 710025 Equity Shares as against 1715000 Equity Shares reserved for the category, thereby making the Retail Category subscribed 0.41 times or 41%. The Category-wise subscription status on Day 1 is given below:

Texmo Pipes & Products Ltd. IPO Bidding Status as on Day 1, i.e. as on Tuesday, February 16, 2010 1700 hrs IST:

QIB: 0.20 times
Non-Institutional Investors: 0.92 times
Retail: 0.41 times
Employees: 0.00 times
Overall: 0.38 times

Monday, February 15, 2010

NMDC FPO likely in the second week of March, 2010

February 15, 2010 0
NMDC FPO likely in the second week of March, 2010
NMDC FPO may hit the markets in the second week of March 2010. NMDC is a Government of India fully owned public enterprise and a Navratna company, which is under the administrative control of the Ministry of Steel, Government of India. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna

Earlier, NMDC had filed a Draft Red Herring Prospectus (DRHP) for a Follow-on Public Offer(FPO) of 332,243,200 Equity Shares, having a Face Value Re.1/- each

Syncom Healthcare Limited IPO Listing Price

February 15, 2010 0
Syncom Healthcare Limited IPO Listing Price
ISIN: INE602K01014
IPO Listing Date: Monday, February 15, 2010
BSE Script Code: 533157
NSE Symbol: SYNCOMH
Listing in: 'B' Group of Securities
Issue Price: Rs.75/- per equity share (Face Value: Rs.10/- each)

Listing Price and Info (on Monday, February 15, 2010):
On the BSE
On the NSE
Open: 88.00
Open: 89.90
High: 107.25
High: 107.20
Low: 85.80
Low: 85.75
Close: 87.85
Close: 85.80

Vascon Engineers IPO Listing Price

February 15, 2010 0
Vascon Engineers IPO Listing Price
ISIN: INE893I01013
IPO Listing Date: Monday, February 15, 2010
BSE Script Code: 533156
NSE Symbol: VASCON
Listing in: 'B' Group of Securities
Issue Price: Rs.165/- per equity share (Face Value: Rs.10/- each)

Listing Price and Info (on Monday, February 15, 2010):
On the BSE
On the NSE
Open: 170.00
Open: 156.00
High: 173.45
High: 171.95
Low: 144.00
Low: 145.10
Close: 147.20
Close: 146.45

Man Infraconstuction IPO Price Band Fixed

February 15, 2010 0
Man Infraconstuction IPO Price Band Fixed
Man Infraconstuction Ltd. has fixed the Price Band for its upcoming IPO at Rs.243/- to Rs.252/- per equity share. Man Infraconstruction Ltd. provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. The IPO would remain open for subscription between Thursday, February 18, 2010 and Monday, February 22, 2010


The Objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for the following purposes:
1. Purchase of capital equipment; and
2. General corporate purposes and strategic initiatives


The book running lead managers to the issue are IDFC - SSKI Limited and Edelweiss Capital Limited, while Link Intime India Private Limited is the Registrar to the Issue

Texmo Pipes and Products IPO Rating | Texmo Pipes and Products IPO assigned IPO Grade 2

February 15, 2010 0
Texmo Pipes and Products IPO Rating | Texmo Pipes and Products IPO assigned IPO Grade 2
Credit Rating Agency CARE has assigned an IPO Grade 2 to the upcoming IPO of Texmo Pipes and Products Ltd. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. A CARE IPO Grade 2 indicates that the company has "Below Average Fundamentals"

Click here to download IPO Grading Document for Texmo Pipes and Products Ltd. IPO

Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes.The IPO, which will remain open for subscription between Tuesday, February 16, 2010 and Friday, February 19, 2010, consists of 5,000,000 Equity Shares, having a Face Value of Rs.10 each

Saturday, February 13, 2010

Texmo Pipes & Products Ltd. IPO - Bid Lot

February 13, 2010 0
Texmo Pipes & Products Ltd. IPO - Bid Lot
The Bid Lot for the upcoming IPO of Texmo Pipes & Products Ltd. IPO is 75 Equity Shares and in multiples thereof. The IPO consists of 5,000,000 Equity Shares, each having a Face Value of Rs.10/- each.

The shares are offered in a Price Band of Rs.85/- to Rs.90/- per equity share. Almondz Global Securities Limited is the Book Running Lead Manager and Karvy Computershare Private Limited is the Registrar to the Issue

Rural Electrification Corporation (REC) FPO opens from February 19, 2010

February 13, 2010 0
Rural Electrification Corporation (REC) FPO opens from February 19, 2010
Rural Electrification Corporation Ltd., one of the leading public financial institutions in Indian power infrastructure engaged  in the financing and promotion of transmission, distribution and generation projects throughout India, is coming up with a FPO of 171,732,000 Equity Shares, each having a Face Value of Rs. 10 each

The Equity Shares of Rural Electrification Corporation Ltd. (REC) are already listed. REC intends to utilize the funds being raised through the issue to augment capital base to meet future capital requirements

REC FPO would remain open for subscription between Friday, February 19, 2010 and Tuesday, February 23, 2010. Check back Indian IPO Blog for latest updates on REC FPO!

Friday, February 12, 2010

Aqua Logistics IPO Allotment Status declared

February 12, 2010 0
Aqua Logistics IPO Allotment Status declared

Vascon Engineers IPO Allotment Status

February 12, 2010 0
Vascon Engineers IPO Allotment Status
Vascon Engineers IPO Allotment Status Link will be updated here as soon as the Allotment Status is made available online. Check back this post regularly for latest updates on Vascon Engineers IPO Allotment Status

The Equity Shares of Vascon Engineers Ltd. will be listed on the BSE and NSE with effect from Monday, February 15, 2010. Click here for Vascon Engineers IPO Listing Details

Man Infraconstruction IPO - Draft Red Herring Prospectus (DRHP)

February 12, 2010 0
Man Infraconstruction IPO - Draft Red Herring Prospectus (DRHP)
The Draft Red Herring Prospectus (DRHP) for the upcoming IPO of Man Infraconstruction Ltd. IPO can be downloaded from here

Man Infraconstruction Ltd., based in Mumbai, is in the business of construction. It also provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects

Man Infra is coming up with an Initial Public Offer (IPO) of 5,625,150 Equity Shares of Rs.10 each for cash at a price to be decided through a 100% Book Built Issue.The IPO would remain open for subscription between Thursday, February 18, 2010 and Monday, February 22, 2010

Stay tuned for IPO Rating, Price Band, Bid Lot and more on Man Infra IPO!

Thursday, February 11, 2010

ARSS Infra Projects IPO finally oversubscribed 47.62 times

February 11, 2010 0
ARSS Infra Projects IPO finally oversubscribed 47.62 times
ARSS Infrastructure Projects Ltd. IPO has received outstanding response from the investors, with the IPO getting oversubscribed by an incredible 47.62 times on an overall basis. The IPO has received open-hearted response from all the categories, with a remarkable response from the HNI Category which is overbid 124.53 times.

ARSS Infrastructure Projects Ltd. IPO had opened for subscription from Monday, February 08, 2010. The equity shares were offered in a price band of Rs.410 to Rs.450 per equity share. The Category-wise subscription status of ARSS Infrastructure Projects Ltd. IPO is given hereunder:

ARSS Infrastructure Projects Ltd. IPO Oversubscription Status (Final) as on Thursday, February 11, 2010 1700 hrs IST:
QIB: 49.34 times
Non-Institutional Investors: 124.53 times
Retail: 18.55 times
Overall: 47.62 times

Click here to check out detailed subscription statistics of ARSS Infrastructure Projects Ltd. IPO

Thangamayil Jewellery IPO Allotment Status

February 11, 2010 0
Thangamayil Jewellery IPO Allotment Status

ARSS Infrastructure Projects IPO Subscription Statistics (Final)

February 11, 2010 0
ARSS Infrastructure Projects IPO Subscription Statistics (Final)

Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category

QIB 1507317 74377365 49.3442



HNI 251219 31283985 124.5287



Retail (RII) 753659 13979415 18.5487



Total




47.62  times

Neogen Chemicals IPO subscription status on Day 2

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