March 2010 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, March 31, 2010

ILFS Transportation IPO - Basis of Allotment (Retail Category)

March 31, 2010 0
ILFS Transportation 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 or in some RSS Readers. 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 4:19
50 25 8:19
75 25 12:19
100 25 16:19
125 26 1:1
150 32 1:1
175 37 1:1
200 42 1:1
225 47 1:1
250 53 1:1
275 58 1:1
300 63 1:1
325 68 1:1
350 74 1:1
375 78 1:1
Addl 1 Sh 81:89

The category was over subscribed 4.75 times The total number of shares allocated in this category is 81,39,534 Equity Shares to 1,26,853 successful applicants

Tuesday, March 30, 2010

ILFS Transportation Networks IPO Listing Price

March 30, 2010 0
ILFS Transportation Networks IPO Listing Price
ISIN: INE975G01012
IPO Listing Date: Tuesday, March 30, 2010
BSE Script Code: 533177
NSE Symbol: ILFSTRANS
Listing in: 'B' Group of Securities
Issue Price: Rs.258/- per equity share

Listing Price and Info (on Tuesday, March 30, 2010):
On the BSE
On the NSE
Open: 287.00
Open: 266.60
High: 295.00
High: 299.00
Low: 270.10
Low: 266.60
Close: 273.75
Close: 274.30

Persistent Systems IPO Allotment Status declared

March 30, 2010 0
Persistent Systems IPO Allotment Status declared
Persistent Systems IPO Allotment Status is now declared online. Click here to check your status now

Persistent Systems IPO had received a fabulous response from the investors with the IPO getting subscribed by a gigantic 93.60 times on an overall basis. The IPO had received an excellent response from the three categories of investors, with over-subscriptions in QIB and HNI Categories going well beyond 100 times, and Retail Category crossing an amazing 20 times. Click here to check out category-wise subscription status

Check back Indian IPO Blog frequently for latest updates on Allotment Status, Basis of Allotment and more on Persistent Systems IPO!

More posts on Persistent Systems IPO:
- Persistent Systems Ltd. to list on Tuesday, April 06, 2010
- Persistent Systems IPO oversubscribed by a staggering 93.60 times
- Persistent Systems IPO Over-Subscription Status (Final)
- Persistent Systems IPO - Final Subscription Statistics
- Persistent Systems IPO - CRISIL Rating
- View all posts on Persistent Systems IPO

Persistent Systems IPO Allotment Status for ASBA Applicants

March 30, 2010 0
Persistent Systems IPO Allotment Status for ASBA Applicants
Persistent Systems IPO Allotment Status is not yet declared online, but is expected to be available online soon. However, the Allotment Status can be ascertained by ASBA Applicants by checking respective bank accounts, which would be debited by the relevant amount of allotted shares

Earlier, the IPO had received an excellent response from the three categories of investors, with over-subscriptions in QIB and HNI Categories going well beyond 100 times, and Retail Category crossing an amazing 20 times. Click here to check out category-wise subscription status



Update: Persistent Systems IPO Allotment Status declared

Monday, March 29, 2010

DQ Entertainment closes with 35% premium on Listing Day

March 29, 2010 0
DQ Entertainment closes with 35% premium on Listing Day
The Equity Shares of DQ Entertainment (International) Ltd., which listed today, closed at Rs.108.55 per equity share on the BSE as against the Issue Price of Rs.80 per equity share, at a premium of 35% on the Issue Price. Click here for more on DQ Entertainment IPO Listing Price

DQ Entertainment IPO, consisting of 16,048,011 Equity Shares of Rs.10 each, was oversubscribed by 86.33 times with a gigantic oversubscription in the HNI Category at an enormous 272.88 times. Besides, the QIB Category and Retail Category has also shown an strong support to the IPO. (Click here for detailed category-wise subscription status of the IPO)

DQ Entertainment IPO Listing Price

March 29, 2010 0
DQ Entertainment IPO Listing Price
ISIN: INE656K01010
IPO Listing Date: Monday, March 29, 2010
BSE Script Code: 533176
NSE Symbol: DQE
Listing in: 'B' Group of Securities
Issue Price: Rs.80/- per equity share (Discount of Rs.7 to Eligible Employees)

Listing Price and Info (on Monday, March 29, 2010):
On the BSE

Open: 135.00


High: 140.00


Low: 106.55


Close: 108.55


Sunday, March 28, 2010

Persistent Systems IPO Allotment Status

March 28, 2010 0
Persistent Systems IPO Allotment Status
Persistent Systems IPO Allotment Status is expected to be declared soon. The link for the Persistent Systems IPO Allotment Status will be updated here as soon as it is made available online

Persistent Systems IPO had received a fabulous response from the investors with the IPO getting subscribed by a gigantic 93.60 times on an overall basis. The IPO had received an excellent response from the three categories of investors, with over-subscriptions in QIB and HNI Categories going well beyond 100 times, and Retail Category crossing an amazing 20 times. Click here to check out category-wise subscription status

Check back Indian IPO Blog frequently for latest updates on Allotment Status, Basis of Allotment and more on Persistent Systems IPO!



Update: Persistent Systems IPO Allotment Status declared

Saturday, March 27, 2010

DQ Entertainment IPO - Basis of Allotment

March 27, 2010 0
DQ Entertainment IPO - Basis of Allotment
(Summarized for Retail Category)

Note: This post contains tables and therefore the contents of this post may not be appropriately displayed in an email or some RSS Readers. 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 3:56
160 80 5:47
240 80 4:25
320 80 3:14
400 80 4:15
480 80 5:16
560 80 15:41
640 80 17:40
720 80 19:40
800 80 8:15
880 80 23:40
960 80 5:8
1040 80 11:16
1120 80 3:4
1200 80 31:39


The Retail Category has been over-subscribed to the extent of 18.86 times. Of the total applications received in the category, 116,692 applications for 89,874,195 Equity Shares were found valid and they were considered for allotment. The total number of Equity Shares allotted in Retail Individual Bidders category is 4,762,560 (including 44,460 Equity Shares being 30% of the unsubscribed portion of the Employee Reservation Portion) to 59,532 applicants

IL&FS Transportation Networks to list on Tuesday, March 30, 2010

March 27, 2010 0
IL&FS Transportation Networks to list on Tuesday, March 30, 2010
The equity shares of IL&FS Transportation Networks Limited will be listed and admitted to dealings on the Exchange in the list of B Group effective from Tuesday, March 30, 2010. Listing Details are as under:

IL&FS Transportation Networks Ltd. Listing Dates and Info:
ISIN: INE975G01012
IPO Listing Date: Tuesday, March 30, 2010
BSE Script Code: 533177
NSE Symbol: ILFSTRANS
Listing in: 'B' Group of Securities
Issue Price: Rs.258/- per equity share

Friday, March 26, 2010

Intrasoft Technologies IPO receives zealous response, overbid 18.95 times

March 26, 2010 0
Intrasoft Technologies IPO receives zealous response, overbid 18.95 times
The IPO of Intrasoft Technologies Limited, which closed for subscription today, has received an outstanding response from the Investors with the final oversubscription figure nearing to just about 19 times on an overall basis. All the three categories of investors have shown solid support, with QIB and HNI Categories getting oversubscribed more than 21 times. Retail Investors have also shown an enthusiastic response to the IPO with their portion getting overbid by 13.51 times

Intrasoft Technologies IPO consisted of 37,00,000 Equity Shares having a Face Value of Rs.10/- each. The Company provides its services through website 123greetings.com, which is the largest electronic greeting cards website in India and 2nd largest in the world. 123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events

Click here to check out the category-wise oversubscription status of Intrasoft Technologies IPO

Intrasoft Technologies (123Greetings.com) IPO Final Subscription Statistics

March 26, 2010 0
Intrasoft Technologies (123Greetings.com) IPO Final Subscription Statistics
Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category

QIB 1850000 40639560 21.9673



HNI 555000 11990640 21.6048



Retail (RII) 1295000 17492920 13.5080



Total




18.95
 times

Intrasoft Technologies IPO Subscription Status (Final)

March 26, 2010 0
Intrasoft Technologies IPO Subscription Status (Final)

Goenka Diamond and Jewels IPO finally subscribed just 1.07 times

March 26, 2010 0
Goenka Diamond and Jewels IPO finally subscribed just 1.07 times
Goenka Diamond and Jewels IPO, which closed for subscription today, has been subscribed fully. However, the overall subscription of 1.07 times has only been possible due to subscription from HNI Category, which is subscribed 3 times, with the other two categories receiving less than 100% subscription. The response from the Retail Investors has also not been keen with the IPO getting subscribed only 66% in the Retail Category. Following is the category-wise details of subscription of Goenka Diamond and Jewels IPO:

Goenka Diamond and Jewels IPO Subscription Status (Final) as on Friday, March 26, 2010 1700 hrs IST:
QIB: 0.78 times
Non-Institutional Investors: 3.00 times
Retail: 0.66 times
Overall: 1.07 times

Intrasoft Technologies IPO bid more than 18 times till now

March 26, 2010 0
Intrasoft Technologies IPO bid more than 18 times till now
Intrasoft Technologies IPO has received an amazing response on its closing day with the subscription figure reaching 18.66 times as per data available on NSE website till 1700 hrs IST. The IPO, which had opened for subscription from Tuesday, March 23, 2010, consisted of 37,00,000 Equity Shares having a Face Value of Rs.10/- each

Stay tuned to Indian IPO Blog for category-wise final oversubscription figures of Intrasoft Technologies IPO

Intrasoft Tech IPO subscribed more than 17 times till 4 PM

March 26, 2010 0
Intrasoft Tech IPO subscribed more than 17 times till 4 PM
Intrasoft Technologies (123Greetings.com) IPO has been subscribed more than 17 times till 1600 hrs IST on the closing day, as per data available on NSE website

Intrasoft Technologies IPO was subscribed 1.15 times on an overall basis till its second day with the Retail Category getting bid about 35% till Day 2. The IPO of Intrasoft Technologies, which closes for subscription today, has been building upon subscription on the closing day with the IPO getting bid 11.87 times on an overall basis till 1500 hrs IST as per data available on NSE website.

NMDC FPO Allotment Status declared

March 26, 2010 0
NMDC FPO Allotment Status declared

Intrasoft Technologies IPO bid more than 11 times till 3 PM on closing day

March 26, 2010 0
Intrasoft Technologies IPO bid more than 11 times till 3 PM on closing day
The IPO of Intrasoft Technologies, which closes for subscription today, has been building upon subscription on the closing day with the IPO getting bid 11.87 times on an overall basis till 1500 hrs IST as per data available on NSE website

Intrasoft Technologies IPO was subscribed 1.15 times on an overall basis till its second day with the Retail Category getting bid about 35% till Day 2

Intrasoft Technologies Ltd., operates the website Electronic Greetings website 123Greetings.com

DQ Entertainment IPO Listing Date Announced

March 26, 2010 0
DQ Entertainment IPO Listing Date Announced
The Equity Shares of DQ Entertainment (International) Ltd., will be listed and admitted to dealings on the Exchange in the list of B Group effective from Monday, March 29, 2010. Following are other Listing Details of DQ Entertainment IPO:

DQ Entertainment (International) Ltd. Listing Dates and Info:
ISIN: INE656K01010
IPO Listing Date: Monday, March 29, 2010
BSE Script Code: 533176
NSE Symbol: DQE
Listing in: 'B' Group of Securities
Issue Price: Rs.80/- per equity share (Discount of Rs.7 to Eligible Employees)

IL&FS Transportation IPO Allotment Status declared

March 26, 2010 0
IL&FS Transportation IPO Allotment Status declared
IL&FS Transportation IPO Allotment Status has been declared online.

Click here to check your status now

IL & FS Transportation Networks Limited is a surface transportation infrastructure company and one of the largest private sector BOT road operators in India. ITNL was incorporated by IL & FS (an infrastructure development and finance company) in 2000, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure. The IPO had opened for subscription from Thursday, March 11, 2010

ILFS Transportation IPO | ITNL IPO | Refund

March 26, 2010 0
ILFS Transportation IPO | ITNL IPO | Refund
ILFS Transportation IPO Allotment Status is now available online. (Click here for ILFS Transportation IPO Allotment Status link)

As per information made available by ECS Refund Banker: Axis Bank Limited, the Refund Amount through ECS is expected to be credited by Thursday, April 01, 2010

IL & FS Transportation Networks Limited is a surface transportation infrastructure company and one of the largest private sector BOT road operators in India.

NMDC FPO Allotment Status

March 26, 2010 0
NMDC FPO Allotment Status
NMDC FPO Allotment Status is not yet available online. The link for NMDC FPO Allotment Status will be updated here as soon as it is made available online.

NMDC FPO had received feeble subscription from the Retail Category which was subscribed 0.22 times. The Issue Price for the FPO was fixed at Rs.300/- per equity share, which was also the floor price of the Price Band of Rs.300/- to Rs.350/- per equity share. Retail Investors would receive a 5% Discount on the Issue Price. Thus, Retail Investors would get Rs.15/- per equity share as discount on an Issue Price of Rs.300/- per equity share. Consequently, the Retail Investors would get Equity Shares at Rs.285/- per equity share



Update: NMDC FPO Allotment Status declared

Thursday, March 25, 2010

Intrasoft Tech IPO fully subscribed on Day 2

March 25, 2010 0
Intrasoft Tech IPO fully subscribed on Day 2
The IPO of Intrasoft Technologies Ltd., the company which provides electronic greeting card services through website, 123greetings.com, has been fully subscribed on the second day of the IPO on an overall basis. The IPO has been fully subscribed in QIB and HNI Categories, which are bid 1.69 times and 1.22 times respectively. Retail Investors have not shown too much of enthusiasm towards the IPO till second day.

Intrasoft Technologies IPO Bidding Status as on Thursday, March 25, 2010 1700 hrs IST:
QIB: 1.69 times
Non-Institutional Investors: 1.22 times
Retail: 0.35 times
Overall: 1.15 times

Goenka Diamond and Jewels IPO Bidding Status till second day

March 25, 2010 0
Goenka Diamond and Jewels IPO Bidding Status till second day

IL & FS Transportation IPO Allotment Status

March 25, 2010 0
IL & FS Transportation IPO Allotment Status
IL & FS IPO Allotment Status is expected to be out online soon. The link will be updated here as soon as it is made available online. However, Investors who have applied through ASBA would know their allotment by checking their bank accounts as the relevant amount for the number of shares allotted will be debited in the bank account

IL&FS Transportation Networks Limited IPO had received a spirited response from investors, with the IPO closing with a splendid overall oversubscription of 33.42 times. The IPO was braced with oversubscriptions in all the three categories, with the QIB Category attracting oversubscription of 52.61 times. The Retail Category had also received decent oversubscription, which stands at 4.56 times. Click here for IL&FS Transportation IPO category-wise Subscription Status (Final)

Check back Indian IPO Blog for latest updates on IL & FS Transportation IPO!



Update:  IL&FS Transportation IPO Allotment Status declared

Wednesday, March 24, 2010

DQ Entertainment IPO - Basis of Allotment

March 24, 2010 0
DQ Entertainment IPO - Basis of Allotment
DQ Entertainment IPO Allotment Status has been declared online. DQ Entertainment IPO, consisting of 16,048,011 Equity Shares of Rs.10 each, was oversubscribed by 86.33 times on an overall basis. The IPO had received an extraordinary oversubscription in the HNI Category. (Click here for detailed category-wise subscription status of the IPO)

DQ Entertainment IPO Basis of Allotment will be updated here as soon as it is made available online. DQ Entertainment (DQE) is one of the leading producers of Animation and Visual effects (VFX) for Global TV Series, Feature Films, Direct-To-Home Videos (DTH) including online, mobile and next-generation console game art and in-game Animation. DQ Entertainment IPO has been rated with an IPO Grade 3 by the Credit Rating Agency Fitch. (Click here for more on DQ Entertainment IPO Rating from Fitch)

Microsec Financial Services files DRHP

March 24, 2010 0
Microsec Financial Services files DRHP
Microsec Financial Services Ltd. is planning an IPO of 12,500,000 Equity Shares of Rs.10/- each. The Company has filed the Draft Red Herring Prospectus (DRHP) with SEBI. Microsec Financial Services provides various financial products and services.

The Company provides services in the arena of Financial Services which includes Financing and Investment, Investment Banking and Related Services, Brokerage and Related Services, Wealth Management, Insurance Broking, Financial Planning and Related Services

Stay tuned for more on Microsec Financial Services Ltd. IPO!

Shree Ganesh Jewellery House IPO finally subscribed 1.96 times

March 24, 2010 0
Shree Ganesh Jewellery House IPO finally subscribed 1.96 times
Shree Ganesh Jewellery House IPO has been finally subscribed 1.96 times on an overall basis. The IPO has received good response in the HNI Category which is overbid 6.13 times, while Retail Category is subscribed 1.39 times. (Click here for category-wise Bidding Status of the IPO)

Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. The IPO was assigned IPO Grade 3 by credit rating agency CARE

Shree Ganesh Jewellery IPO Subscription Status (Final)

March 24, 2010 0
Shree Ganesh Jewellery IPO Subscription Status (Final)

Tuesday, March 23, 2010

Goenka Diamond and Jewels IPO subscribed 1.65 times on Day 1

March 23, 2010 0
Goenka Diamond and Jewels IPO subscribed 1.65 times on Day 1
Goenka Diamond and Jewels IPO has been subscribed 1.65 times on Day 1. The subscription has mainly been supported by HNI Category, which is oversubscribed 7.37 times on the first day itself. The response from the Retail Category has been feeble with only 3.62% subscription on Day 1. Following is the category-wise subscription of Goenka Diamond and Jewels IPO on First Day

Goenka Diamond and Jewels IPO Bidding Status on Wednesday, March 23, 2010 1700 hrs IST:
QIB: 1.07 times
Non-Institutional Investors: 7.37 times
Retail: 0.04 times
Overall: 1.65 times

Intrasoft Technologies IPO subscribed 0.57 times

March 23, 2010 0
Intrasoft Technologies IPO subscribed 0.57 times
Intrasoft Technologies IPO has been subscribed 57% times on the first day. The response has been more or less lukewarm on the first day, with Retail Category getting only 4.82% subscription on Day 1. Following is the Subscription Status of Intrasoft Technologies IPO on First Day:

Intrasoft Technologies IPO Bidding Status as on Tuesday, March 23, 2010 1700 hrs IST:
QIB: 0.89 times
Non-Institutional Investors: 0.72 times
Retail: 0.05 times

Overall: 0.57 times


Intrasoft Technologies Limited provides electronic greeting card services through website, 123greetings.com, which is the largest electronic greeting cards website in India and 2nd largest in the world. 123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events

DQ Entertainment IPO Allotment Status declared

March 23, 2010 0
DQ Entertainment IPO Allotment Status declared

Monday, March 22, 2010

Shree Ganesh Jewellery IPO fully subscribed till second day

March 22, 2010 0
Shree Ganesh Jewellery IPO fully subscribed till second day
Shree Ganesh Jewellery IPO has been fully subscribed on Day 2 of its opening. The IPO has been subscribed 1.07 on an overall basis. Following is the category-wise subscription status of Shree Ganesh Jewellery IPO on Day 2:

Shree Ganesh Jewellery IPO Bidding Status as on Monday, March 22, 2010 1700 hrs IST:
QIB: 0.94 times
Non-Institutional Investors: 3.32 times
Retail: 0.51 times
Overall: 1.07 times

Shree Ganesh Jewellery IPO subscribed 96% till 4 PM on second day

March 22, 2010 0
Shree Ganesh Jewellery IPO subscribed 96% till 4 PM on second day
Shree Ganesh Jewellery IPO has been subscribed 0.96 times on an overall basis till 1600 hrs IST on Day 2 of the IPO, as per data available on NSE Website. Credit Rating Agency CARE has assigned an "IPO Grade 3" to Shree Ganesh Jewellery House IPO

Stay tuned to Indian IPO Blog for regular updates on Shree Ganesh Jewellery IPO!

Intrasoft Technologies (123Greetings.com) IPO Details

March 22, 2010 0
Intrasoft Technologies (123Greetings.com) IPO Details
Issue Size: 3,700,000 Equity Shares of Rs.10/- each
Issue Opens on: Tuesday, March 23, 2010
Issue Closes on: Friday, March 26, 2010
Price Band: Rs.137/- to Rs.145/- per equity share
Bid Lot: 40 Shares and in multiples thereof
Listing on: BSE, NSE
Lead Managers:  Anand Rathi Securities Ltd., Collins Stewart Inga Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.

Shree Ganesh Jewellery IPO - CARE Rating

March 22, 2010 0
Shree Ganesh Jewellery IPO - CARE Rating
Credit Rating Agency CARE has assigned an "IPO Grade 3" to Shree Ganesh Jewellery House IPO. This implies that as per CARE, the company has 'Average Fundamentals'

CARE assigns IPO gradings on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. (Click here to download the CARE IPO Grading Document for Shree Ganesh Jewellery House IPO)

Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Stay tuned to Indian IPO Blog for latest updates on Shree Ganesh Jewellery House Limited IPO!

Goenka Diamond and Jewels IPO Details

March 22, 2010 0
Goenka Diamond and Jewels IPO Details
Issue Size: 10,000,000 Equity Shares of Rs.10/- each
Issue Opens on: Tuesday, March 23, 2010
Issue Closes on: Friday, March 26, 2010
Price Band: Rs.135/- to Rs.145/- per equity share
Bid Lot: 40 Equity Shares and in multiples thereof
Listing on: BSE, NSE
Lead Manager:  SBI Capital Markets Ltd.
Registrar: Karvy Computershare Pvt. Ltd.

Pradip Overseas IPO Issue Price Fixed

March 22, 2010 0
Pradip Overseas IPO Issue Price Fixed
The Issue Price for Pradip Overseas IPO, has been fixed at Rs.110/- per equity share, which is at the upper end of the price band, which was Rs.100/- to Rs.110/- per equity share. Pradip Overseas IPO was open for subscription between Thursday, March 11, 2010 and Monday, March 15, 2010

Pradip Overseas IPO had received a wonderful response from investors with the IPO getting oversubscribed 14.08 times

Sunday, March 21, 2010

Intrasoft Tech IPO - Objects of the Issue

March 21, 2010 0
Intrasoft Tech IPO - Objects of the Issue
The object of the issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for:
1. Branding and Promotion;
2. Purchasing a corporate office at Kolkata;
3. Investment in technology infrastructure;
4. General corporate purposes;
5. Issue related expenses; and

Goenka Diamond & Jewels Ltd IPO - Objects to the Issue

March 21, 2010 0
Goenka Diamond &  Jewels Ltd IPO - Objects to the Issue
The objects of this Issue are to:
1. Meet the expenses of establishing stores for our G WILD brand (G WILD Stores);
2. Meet the expenses of establishing stores for our CERES brand (CERES Stores);
3. Meet working capital requirements for jewellery business;
4. Meet the expenses of establishing a jewellery manufacturing facility in Mumbai;
5. Meet the expenses of establishing a diamond processing facility in Mumbai; and
6. Further invest in the equity capital of our Subsidiary

Saturday, March 20, 2010

DQ Entertainment IPO Allotment Status

March 20, 2010 0
DQ Entertainment IPO Allotment Status
DQ Entertainment IPO Allotment Status is not yet declared online. The link will be updated here as soon as the allotment is out

DQ Entertainment IPO, consisting of 16,048,011 Equity Shares of Rs.10 each, was finally oversubscribed by 86.33 times on an overall basis. The IPO had received gigantic oversubscription in the HNI Category at an enormous 272.88 times. Besides, the QIB Category and Retail Category had also shown an ardent support to the IPO. (Click here for detailed category-wise subscription status of the IPO)

Update:  DQ Entertainment IPO Allotment Status declared

Shree Ganesh Jewellery IPO Bidding Status on Day 1

March 20, 2010 0
Shree Ganesh Jewellery IPO Bidding Status on Day 1

Friday, March 19, 2010

Persistent Systems IPO oversubscribed by a staggering 93.60 times

March 19, 2010 0
Persistent Systems IPO oversubscribed by a staggering 93.60 times
The IPO of Persistent Systems Ltd., which closed for subscription today, has received record over-subscription in the past 26 months in terms of the number of times that the issue is oversubscribed. The IPO has received gigantic over-subscription figures in QIB, HNI as well as the Retail Category.

A rock-solid support from the QIB and HNI Category, backed by an enthusiastic response from the Retail Category, ensured that the IPO over-subscription figure reached at an astounding 93.60 times. The IPO has received an excellent response from the three categories of investors, with over-subscriptions in QIB and HNI Categories going well beyond 100 times, and Retail Category crossing an amazing 20 times. Click here to check out category-wise subscription status

Persistent Systems Ltd. is a technology company specializing in outsourced software product development. Its main focus is in the area of telecommunications, life sciences  and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products


Click here to view Persistent Systems IPO - Final Subscription Statistics

Persistent Systems IPO Over-Subscription Status (Final)

March 19, 2010 0
Persistent Systems IPO Over-Subscription Status (Final)

Persistent Systems IPO - Final Subscription Statistics

March 19, 2010 0
Persistent Systems IPO - Final Subscription Statistics

Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
QIB 2926638 422687360 144.4276

HNI 487773 52549140 107.7328

Retail (RII) 1463319 31737820 21.6889

Employees 541976 330380 0.6096

Overall




93.60  times

Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM

March 19, 2010 0
Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM
The over-subscription figure of Persistent Systems IPO, which closes for subscription today, has reached at 93 times till 1700 hrs IST on the closing day, as per data available on NSE website. The IPO has seen massive support from Investors on the closing day, especially from the QIB Category

Persistent Systems IPO was assigned an IPO Grade 4 from Credit Rating Agency CRISIL. Click here for more on Persistent Systems IPO Rating

Persistent Systems IPO oversubscription mounting, stands at more than 90 times till 4 PM

March 19, 2010 0
Persistent Systems IPO oversubscription mounting, stands at more than 90 times till 4 PM
The over-subscription figure of Persistent Systems IPO, which closes for subscription today, is mounting further and now stands at an amazing 92 times till 1600 hrs IST on the closing day, as per data available on NSE website

Stay tuned to Indian IPO Blog for regular updates on Persistent Systems IPO Subscription Status!


Update: Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM

Persistent Systems IPO subscription rocketing above 70 times till 3:00 PM

March 19, 2010 0
Persistent Systems IPO subscription rocketing above 70 times till 3:00 PM
Persistent Systems IPO has been receiving an extraordinary amount of subscription on its closing day and the IPO is now oversubscribed by an enormous 71.29 times till 1500 hrs IST on the closing day, as per data available on NSE website. The Retail Category has also got over-subscribed by at least about 9 times till 1500 hrs IST on the closing day

Stay tuned to Indian IPO Blog for Final subscription status of Persistent Systems IPO!


Update: Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM

 

Shree Ganesh Jewellery House IPO Details

March 19, 2010 0
Shree Ganesh Jewellery House IPO Details
Issue Opens on: Friday, March 19, 2010 - Mar 23, 2010
Issue Closes on: Tuesday, March 23, 2010
Issue Size: 14,269,831 Equity Shares of Rs.10/- each
Price Band: Rs.260/- to Rs.270/- per equity share
Bid Lot: 25 Equity Shares and in multiples thereof
Listing At: BSE, NSE
Lead Manager: Axis Bank Limited, ICICI Securities Limited
Registrar:  Link Intime India Private Ltd

Thursday, March 18, 2010

United Bank of India IPO - Listing Price

March 18, 2010 0
United Bank of India IPO - Listing Price
ISIN: INE695A01019
IPO Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
NSE Symbol: UNITEDBNK
Listing in: 'B' Group of Securities
Issue Price: Rs.66/- per equity share (Discount of Rs.3 to Retail Investors and Eligible Employees)

Listing Price and Info (on Thursday, March 18, 2010):
On the BSE
On the NSE
Open: 77.00
Open: 74.90
High: 77.00
High: 77.00
Low: 68.10
Low: 68.00
Close: 68.80
Close: 68.75

Persistent Systems IPO subscribed 5.67 times till Day 2

March 18, 2010 0
Persistent Systems IPO subscribed 5.67 times till Day 2
Persistent Systems IPO has seen an escalation in subscription on Day 2 of its opening, with the IPO been subscribed 5.67 times. QIB Category has shown keen interest with the IPO receiving bids for 28473760 Equity Shares as against 2926638 Equity Shares reserved for the Category, thereby making the category oversubscribed by 9.73 times. The Retail Category has also chipped in with good response and the IPO is fully subscribed in the Retail Category. Click here for subscription status on second day

Persistent Systems Ltd. is a technology company specializing in outsourced software product development. Its main focus is in the area of telecommunications, life sciences  and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products.

The IPO closes for subscription tomorrow, i.e. Friday, March 19, 2010. Stay tuned to Indian IPO Blog for regular Bidding Status updates on the closing day




Update: Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM


Persistent Systems IPO Bidding Status on Day 2

March 18, 2010 0
Persistent Systems IPO Bidding Status on Day 2

Goenka Diamond & Jewels IPO opens from Tuesday, March 23, 2010

March 18, 2010 0
Goenka Diamond & Jewels IPO opens from Tuesday, March 23, 2010
Goenka Diamond & Jewels, a company engaged in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery, is entering the capital markets with an IPO of 10,000,000 Equity Shares of Rs.10/- each. The IPO would be open for subscription between Tuesday, March 23, 2010 and Friday, March 26, 2010.

Goenka Diamond & Jewels's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold

Stay tuned for Goenka Diamond & Jewels IPO Price Band, Bid Lot, Subscription Status and latest news and updates on Goenka Diamond & Jewels IPO!

Intrasoft Technologies IPO - Price Band Fixed

March 18, 2010 0
Intrasoft Technologies IPO - Price Band Fixed
The price band for the upcoming IPO of Intrasoft Technologies Ltd. has been fixed. The Equity Shares will be offered in a price band having Rs.137/- per equity share as the price at the Lower End and Rs.145/- per equity share as the price at the Upper End of the Price Band. Infrasoft Technologies Ltd. is the owner of 123greetings.com, a highly popular electronic greeting cards website in India

Intrasoft Technologies IPO will consist of 37,00,000 Equity Shares, each having a Face Value of Rs.10 each. The IPO will open for subscription on Tuesday, March 23, 2010 and will close on Friday, March 26, 2010. The issue will constitute 25.12% of the post issue paid up capital of the company

Stay tuned for latest updates on Intrasoft Technologies Ltd. IPO!

Persistent Systems IPO Bidding Status update

March 18, 2010 0
Persistent Systems IPO Bidding Status update
Persistent Systems Ltd. IPO has been subscribed more than 3.5 times on an overall basis till 1500 hrs IST on its second day as per data available on NSE Website. Persistent Systems Limited IPO, which opened for subscription from Wednesday, March 17, 2010, had got a unimpressive response on its opening day with the IPO receiving subscription only upto 9% on an overall basis

The IPO closes for subscription tomorrow, i.e. Friday, February 19, 2010. Stay tuned to Indian IPO Blog for Persistent Systems IPO subscription status updates



Update: Persistent Systems IPO gets enormous subscription, oversubscribed 93 times till 5:00 PM on closing day

Shree Ganesh Jewellery IPO - Price Band

March 18, 2010 0
Shree Ganesh Jewellery IPO - Price Band
The price band for the upcoming IPO of Shree Ganesh Jewellery House Ltd., which opens for subscription from Friday, March 19, 2010, has been fixed at Rs.260/- to Rs.270/- per equity share. The IPO consists of 14,269,831 Equity Shares of Rs.10/- each

Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc.

Shree Ganesh Jewellery House IPO would remain open for subscription till Tuesday, March 23, 2010. Stay tuned to Indian IPO Blog for Bid Lot, Subscription Status and other updates on Shree Ganesh Jewellery House IPO!

Wednesday, March 17, 2010

Persistent Systems IPO bid 0.09 times on the opening day

March 17, 2010 0
Persistent Systems IPO bid 0.09 times on the opening day
Persistent Systems Limited IPO, which opened for subscription from today, i.e. Wednesday, March 17, 2010, has got a unimpressive response on its opening day with the IPO receiving subscription only upto 9% on an overall basis. The Retail Category, however, has received 32.89% subscription on first day. Following is the category-wise Bidding Status of Persistent Systems IPO on Day 1:

Persistent Systems IPO - Bidding Status on Day 1, i.e. on Wednesday, March 17, 2010 1700 hrs IST:
QIB: 0.00 times
Non-Institutional Investors: 0.05 times
Retail: 0.33 times
Employees: 0.00 times
Overall: 0.09 times


Update: Persistent Systems IPO subscribed 5.67 times till Day 2
 

Intrasoft Technologies IPO opens from March 23, 2010

March 17, 2010 0
Intrasoft Technologies IPO opens from March 23, 2010
Intrasoft Technologies Ltd., the Company that operates the website http://www.123greetings.com, is coming up with an IPO of 37,00,000 Equity Shares of Face Value of Rs.10 each.

123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events. The shares of Intrasoft Technologies will be listed on the BSE and NSE. Intrasoft Technologies IPO would remain open for subscription between Tuesday, March 23, 2010 and Thursday, March 26, 2010

Stay tuned to Indian IPO Blog for latest updates on Inrasoft Technologies IPO!

Persistent Systems IPO Bidding Status updates

March 17, 2010 0
Persistent Systems IPO Bidding Status updates
Persistent Systems IPO has received bids of about 0.09 times on an overall basis till 1700 hrs IST on the opening day of the IPO. The IPO consists of 5,419,706 Equity Shares of Rs.10 each. The issue comprises of a net issue to the public of 48,77,730 shares and a reservation of up to 5,41,976 equity shares for eligible employees.

Persistent Systems IPO is open for subscription between Wednesday, March 17, 2010 and Friday, March 19, 2010

Update: Persistent Systems IPO subscribed 0.09 times on the opening day

Persistent Systems IPO - CRISIL Rating

March 17, 2010 0
Persistent Systems IPO - CRISIL Rating
CRISIL has assigned an IPO Grade 4 to Persistent Systems Ltd. IPO. This means that as per CRISIL, Company has Above Average Fundamentals. CRISIL 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. Click here to download the CRISIL IPO Grading Document for Persistent Systems Ltd.

Persistent Systems Ltd., a company engaged in the business of outsourced software product development (OPD) services, is entering capital markets with an IPO of 5,419,706 Equity Shares of Rs.10 each. The IPO would consist of 5,419,706 Equity Shares of Rs.10 each. The issue comprises of a net issue to the public of 48,77,730 shares and a reservation of up to 5,41,976 equity shares for eligible employees.

Stay tuned for day-to-day subscription status updates of Persistent Systems IPO!

Shree Ganesh Jewellery House IPO opens from Friday, March 19, 2010

March 17, 2010 0
Shree Ganesh Jewellery House IPO opens from Friday, March 19, 2010
Shree Ganesh Jewellery House Limited, one of the largest manufacturers and exporters of handcrafted gold jewellery in India, is coming up with an Initial Public Offer (IPO) of 14,269,831 Equity Shares of Face Value of Rs.10/- each.

Stay tuned to Indian IPO Blog for more on Shree Ganesh Jewellery House IPO!

Tuesday, March 16, 2010

United Bank IPO - Basis of Allotment

March 16, 2010 0
United Bank 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
100 100 4:37
200 100 8:37
300 100 12:37
400 100 16:37
500 100 20:37
600 100 24:37
700 100 28:37
800 100 32:37
900 100 36:37
1000 108 1:1
1100 119 1:1
1200 130 1:1
1300 140 1:1
1400 151 1:1
1500 161 1:1

The Retail Category was over-subscribed 9.27 times. In case of Retail Investors, the shares were allotted at a discount of Rs 3/- per equity share to the issue Price of Rs 66/- equity share. The total number of shares allotted in this category is 1,45,02,330 Equity Shares to 1,02,485 successful applicants

Persistent Systems IPO Draft Red Herring Prospectus

March 16, 2010 0
Persistent Systems IPO Draft Red Herring Prospectus
The Draft Red Herring Prospectus (DRHP) for the upcoming IPO of Persistent Systems Ltd., can be downloaded from here

Established in 1990, Persistent Systems is a technology company specializing in outsourced software product development (OPD). Its main focus is in the area of telecommunications, life sciences and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products

Persistent Systems IPO would remain open for subscription between Wednesday, March 17, 2010 and Friday, March 19, 2010

Satluj Jal Vidyut Nigam IPO to hit the markets soon

March 16, 2010 0
Satluj Jal Vidyut Nigam IPO to hit the markets soon
The IPO of Satluj Jal Vidyut Nigam Ltd. may hit the streets soon. Satluj Jal Vidyut Nigam Ltd. had filed DRHP with SEBI on February 25, 2010.

The offer would comprise a net offer to the public of 404,143,900 equity shares and a reservation of 6,737,500 equity shares for purchase by eligible employees at the offer price

Satluj Jal Vidyut Nigam Ltd. (formerly Nathpa Jhakri Power Corporation Limited - NJPC) was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects


Update:  Satluj Jal Vidyut Nigam IPO Price Band Fixed

Monday, March 15, 2010

IL&FS Transportation IPO closes with magnificent oversubscription

March 15, 2010 0
IL&FS Transportation IPO closes with magnificent oversubscription
IL&FS Transportation Networks Limited IPO has received a spirited response from investors, with the IPO closing with a splendid overall oversubscription of 33.42 times. The IPO has been braced with oversubscriptions in all the three categories, with the QIB Category attracting oversubscription of 52.61 times. The Retail Category has also received decent oversubscription, which stands at 4.56 times. Click here for IL&FS Transportation IPO category-wise Subscription Status (Final)

IL&FS Transportation Networks Limited is a surface transportation infrastructure company and one of the largest private sector BOT road operators in India. ITNL was incorporated by IL&FS (an infrastructure development and finance company) in 2000, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure. The IPO had opened for subscription from Thursday, March 11, 2010

Stay tuned to Indian IPO Blog for IL&FS Transportation IPO Allotment and Listing Info

United Bank of India Listing on Thursday, March 18, 2010

March 15, 2010 0
United Bank of India Listing on Thursday, March 18, 2010
The Equity Shares of United Bank of India, will be listed and admitted to the dealings on the Exchanges with effect from Thursday, March 18, 2010 under the 'B' Group of Securities. Click here for Listing Dates and Info

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

United Bank of India is one of the 14 major banks which were nationalised in 1969. Check back Indian IPO Blog for United Bank of India Listing Price and Info

United Bank of India IPO Listing Date

March 15, 2010 0
United Bank of India IPO Listing Date
ISIN: INE695A01019
IPO Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
NSE Symbol: UNITEDBNK
Listing in: 'B' Group of Securities
Issue Price: Rs.66/- per equity share (Discount of Rs.3 to Retail Investors and Eligible Employees)

IL&FS Transportation Networks IPO Final Subscription Status

March 15, 2010 0
IL&FS Transportation Networks IPO Final Subscription Status

Pradip Overseas IPO finally oversubscribed 14.08 times

March 15, 2010 0
Pradip Overseas IPO finally oversubscribed 14.08 times
Pradip Overseas IPO has received a wonderful response from the market with the IPO receiving over-subscription of 14.08 times. The Retail Category has been oversubscribed 10.53 times. The detailed subscription status is as follows:

Pradip Overseas IPO Over-Subscription Status (Final) as on Monday, March 15, 2010 1830 hrs IST:
QIB: 8.57 times
Non-Institutional Investors: 45.35 times
Retail: 10.53 times
Employees: 0.09 times
Overall:14.08 times

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