July 2010 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Friday, July 30, 2010

EIL FPO closes today, bid 11.63 times till now

July 30, 2010 0
EIL FPO closes today, bid 11.63 times till now
Engineers India FPO, which closed for QIB Bidders yesterday is bid 11.63 times till Day 3 with QIB Category getting an awesome 23.43 times oversubscription. The IPO closes today, i.e. on Friday, July 30, 2010 for the other categories

EIL FPO has managed to garner 41% response in the Retail Category till July 29, 2010, while the HNI category is bid 0.14 times till now. EIL IPO consists of  33,693,660 Equity Shares of Rs.5/- each in a price band of Rs.270/- to Rs.290/- per equity share. Retail Investors will be given a discount of 5% on the Issue Price

Stay tuned for latest updates on EIL FPO Subscription Status!

Thursday, July 29, 2010

Prakash Steelage Limited IPO opens from Thursday, August 5, 2010

July 29, 2010 0
Prakash Steelage Limited IPO opens from Thursday, August 5, 2010
Prakash Steelage Limited (PSL), a PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes, is coming up with an IPO of 6,250,000 Equity Shares of Rs.10 each

The objects of the Issue are to meet the expenses of the issue and listing and for:
1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meeting the additional working capital requirement;
3. General corporate purposes

Keynote Corporate Services Ltd. is the Book Running Lead Manager to the Issue, while Bigshare Services Pvt. Ltd. is the Registrar to the Issue

Prakash Steelage Limited IPO would be open for subscription between Thursday, Auguest 05, 2010 and Monday, August 09, 2010. Stay tuned for more on Prakash Steelage Limited IPO!

SKS Microfinance IPO Bidding Status on Day 2

July 29, 2010 0
SKS Microfinance IPO Bidding Status on Day 2

Engineers India FPO Bidding Status till Day 3

July 29, 2010 0
Engineers India FPO Bidding Status till Day 3

Wednesday, July 28, 2010

Bajaj Corp IPO opens from August 02, 2010

July 28, 2010 0
Bajaj Corp IPO opens from August 02, 2010
Bajaj Corp Ltd., a part of Shishir Bajaj Group of Companies and the second largest in the group, is coming up with an IPO consisting of 4,500,000 Equity Shares, having a Face Value of Rs.5/- each

The objects of the issue are:
1. To promote future products;
2. For acquisitions and other strategic initiatives; and
3. Other general corporate purposes

Kotak Mahindra Capital Co. Ltd. is the Book Running Lead Manager to the Issue while Karvy Computershare Pvt. Ltd. is the registrar

Bajaj Corp Ltd is one of India’s leading FMCG company with major brands in Hair Care category. Bajaj Corp is one of India’s leading producers of hair oils and its main product is Bajaj Almond Drops

Bajaj Corp IPO has been assigned a CRISIL IPO Grade 4. (Click here for more on Bajaj Corp IPO Rating from CRISIL)

SKS Microfinance IPO Bidding Status on Day 1

July 28, 2010 0
SKS Microfinance IPO Bidding Status on Day 1

Engineers India FPO Bidding Status on Day 2

July 28, 2010 0
Engineers India FPO Bidding Status on Day 2

Engineers India FPO gets feeble response on opening day

July 28, 2010 0
Engineers India FPO gets feeble response on opening day
Engineers India FPO, which opened for subscription from yesterday, July 27, 2010 has received negligible response on its opening day. The Retail Category is subscribed at about 0.04 times, receiving bids for 408240 Equity Shares as against 11543581 reserved for the category. (Click here for Engineers India FPO Subscription Status on First Day)

Engineers India Limited (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP & NG), Government of India

SKS Microfinance IPO Details

July 28, 2010 0
SKS Microfinance IPO Details
Issue Size: 16,791,579 Equity Shares of Rs.10 each 
Issue Opens on: Wednesday, July 28, 2010
Issue Closes on: Monday, August 02, 2010
Price Band: Rs.850/- to Rs.985/- per equity share
Bid Lot: 7 Equity Shares and in multiples thereof
Lead Manager: Citigroup Global Markets India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd.
Registrar: Karvy Computershare Pvt. Ltd.

Engineers India FPO Subscription Status on First Day

July 28, 2010 0
Engineers India FPO Subscription Status on First Day

Tuesday, July 27, 2010

Engineers India FPO Details

July 27, 2010 0
Engineers India FPO Details
Issue Size: 33,693,660 Equity Shares of Rs.5/- each
Issue Opens on: Tuesday, July 27, 2010
Issue Closes on: Friday, July 30, 2010
Price Band: Rs.270/- to Rs.290/- per equity share
Bid Lot: 20 Equity Shares and in multiples thereof
Lead Manager: HSBC Securities & Capital Markets Pvt. Ltd., ICICI Securities Ltd., IDFC-SSKI Pvt. Ltd., SBI Capital Markets Ltd.
Registrar: Link Intime India Pvt. Ltd.

Engineers India Ltd. (EIL) FPO - Key Links

July 27, 2010 0
Engineers India Ltd. (EIL) FPO - Key Links

Monday, July 26, 2010

SKS Microfinance IPO Price Band fixed

July 26, 2010 0
SKS Microfinance IPO Price Band fixed
The Price Band for the upcoming IPO of SKS Microfinance Ltd. is fixed at Rs.850/- to Rs.985/- per equity share

SKS Microfinance is the largest MFI in India in terms of total value of loans outstanding, number of borrowers and number of branches. SKS Microfinance aims to empower the poor by providing them collateral-free loans for income-generation

The proposed IPO of SKS Microfinance Ltd. has received an IPO Grade 4/5 from Credit Rating Agency CARE. ‘CARE IPO Grade 4’ indicates Above Average Fundamentals. CARE assigns IPO Grades on a scale of Grade 1 to Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

Tuesday, July 20, 2010

Midfield Industries IPO bid more than 2 times till 4PM on Day 2

July 20, 2010 0
Midfield Industries IPO bid more than 2 times till 4PM on Day 2
Midfield Industries IPO, which had opened for subscription from July 19, 2010 is bid about 2.04 times till 4 PM on Day 2 as per the data available on the NSE Website. Midfield Industries IPO was fully subscribed on the opening day with Retail Category getting bid 0.56 times or about 56% on Day 1

Stay tuned for precise subscription statistics on Midfield Industries IPO!

Saturday, July 17, 2010

SKS Microfinance IPO gets IPO Grade 4

July 17, 2010 0
SKS Microfinance IPO gets IPO Grade 4
The proposed IPO of SKS Microfinance Ltd. has received an IPO Grade 4/5 from Credit Rating Agency CARE. ‘CARE IPO Grade 4’ indicates Above Average Fundamentals. CARE assigns IPO Grades on a scale of Grade 1 to Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals. The grade assigned to any individual issue represents a relative assessment of the ‘fundamentals’ of the issuer

SKS Microfinance Ltd. would be the first microfinance company in India to come up with an IPO. SKS Microfinance Ltd. is one of the largest players in the Indian micro-finance industry. Started in 1998 as an NGO, SKS transformed into an NBFC in 2005 and is regulated by the RBI

SKS Microfinance IPO opens for subscription from July 28, 2010. Stay tuned for more on SKS Microfinance IPO!

Technofab Engineering IPO closes at 23% Premium on Listing Day

July 17, 2010 0
Technofab Engineering IPO closes at 23% Premium on Listing Day
Technofab Engineering IPO which listed on the exchanges yesterday, closed at Rs.295.65 on the BSE as against an Issue Price of Rs.240/- per equity share, at a premium of 23.18% over the Issue Price. The share opened at Rs.265/- and touched an Intra-day High of Rs.307/- per share

Technofab Engineering IPO had opened for subscription from Tuesday, June 29, 2010. The Company is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis

Friday, July 16, 2010

Engineers India IPO opens from July 27, 2010

July 16, 2010 0
Engineers India IPO opens from July 27, 2010
The state-run Engineers India Limited (EIL) is coming up with an Initial Public Offer of 3,36,93,660 Equity Shares, each having a Face Value of Rs.5/- each, which would open for subscription from Tuesday, July 27, 2010

Engineers India Limited (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India. In addition to Petroleum Refineries, with which EIL started initially, over the years it has diversified in various other fields

Check back regularly for the latest updates on Engineers India Limited IPO!

Technofab Engineering IPO to list today

July 16, 2010 0
Technofab Engineering IPO to list today
The Equity Shares of Technofab Engineering Ltd. will be listed on the Exchanges today. The Issue Price for the IPO was fixed at the upper end of the price band at Rs.240/- per equity share. The Price Band for the IPO was Rs.230/- to Rs.240/- per equity share

The IPO of Technofab Engineering IPO was oversubscribed by a remarkable 12.78 times on an overall basis. The IPO had managed to garner a magnificent response from the HNI Category, which was overbid 48.85 times. The Retail Category was oversubscribed 10.03 times

Technofab Engineering IPO had opened for subscription from Tuesday, June 29, 2010. The Company engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Credit Rating Agency Fitch Ratings had assigned an IPO Grade 3/5 to the proposed Initial Public Offer (IPO) of Technofab Engineering Ltd. (Click here for more on Technofab Engineering IPO Rating)


More Posts on Technofab Engineering IPO:
- Technofab Engg IPO - Subscription Statistics
- Technofab Engineering IPO Final Subscription Status
- Techofab Engineering IPO oversubscribed more than 12 times
- Technofab Engineering IPO Bidding Status on Day 3
- Technofab Engineering IPO bid about 15% till Second Day
- Technofab Engineering IPO Details

Thursday, July 15, 2010

Midfield Industries IPO opens on July 19, 2010

July 15, 2010 0
Midfield Industries IPO opens on July 19, 2010
Midfield Industries Ltd., a manufacturer, supplier and exporter of steel strappings, strapping seals, strapping tools & machines, accessories, angle boards, edge protectors, ID & OD protectors, pneumatic nailers, nails, PET Straps etc., is coming up with an IPO of about 45 Lakh Equity Shares of a Face Value of Rs.10/- each

Midfield Industries Ltd. would open for subscription from Monday, July 19, 2010 and would remain open for subscription till Wednesday, July 21, 2010

Established in the year 1991, the company was formerly known as Midfield Steels Pvt Ltd. Check back Indian IPO Blog for Price Band and other details of Midfield Industries Ltd. IPO!

Indian Rupee gets a new symbol

July 15, 2010 0
Indian Rupee gets a new symbol
The Indian Rupee now has its very own symbol just like other International currencies like Euro, US Dollar, Pound Sterling. The Indian Rupee becomes the fifth currency in the world to have a distinct identity

The Rupee symbol (given below) designed by D Udaya Kumar, an IIT Graduate, is a mixture of the Devanagri Letter 'Ra' and Roman Letter 'R'. Information and Broadcasting Minister Ambika Soni said that the symbol will be adopted in a span of six months in the country, and within 18 to 24 months globally and it will feature on computer keyboards as well as softwares

New Symbol for the Indian Rupee

Tuesday, July 13, 2010

SKS Micro Finance IPO opens from July 28, 2010

July 13, 2010 1
SKS Micro Finance IPO opens from July 28, 2010
SKS Microfinance, India’s largest microfinance organization, is coming up with an IPO, which is expected to open for subscription from Wednesday, July 28, 2010. The IPO of the Hyderabad-based firm, will remain open for subscription from Friday, July 30, 2010

SKS Microfinance aims to empower the poor by providing them collateral-free loans for income-generation. SKS extends these loans to women who use it to scale up their enterprises and get themselves and their families out of poverty. Started in 1998 as an NGO, SKS transformed into an NBFC in 2005 and is regulated by the RBI

Stay tuned for latest updates on SKS Microfinance IPO!

Saturday, July 10, 2010

Hindustan Media Ventures IPO Issue Price fixed

July 10, 2010 0
Hindustan Media Ventures IPO Issue Price fixed
Hindustan Media Ventures IPO Issue Price has been fixed at Rs.166/- per equity share. Hindustan Copper Limited, a public sector enterprise of the Government of India, was incorporated in 1967

As per the Company's website, the Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid

Earlier, the IPO was bid 5.43 times on an overall basis with Retail Category getting oversubscribed 1.00 times

Wednesday, July 7, 2010

Hindustan Media Ventures IPO Final Subscription Status

July 07, 2010 0
Hindustan Media Ventures IPO Final Subscription Status

Hindustan Media IPO bid more than 5 times till 4 PM

July 07, 2010 0
Hindustan Media IPO bid more than 5 times till 4 PM
Hindustan Media Ventures IPO has managed to garner good response on the closing day. The IPO has been bid about 5.32 times till 1600 hrs IST on the closing day, as per the data available on the NSE Website. The IPO was bid only 1% till the Day 2

Hindustan Copper Limited, a public sector enterprise of the Government of India, was incorporated in 1967. As per the Company's website, the Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid. The IPO closes for subscription tomorrow i.e. on Wednesday, July 07, 2010

Stay tuned for precise subscription statistics on Hindustan Media Ventures IPO!

Tuesday, July 6, 2010

Hindustan Media IPO subscribed only 1% till second day

July 06, 2010 0
Hindustan Media IPO subscribed only 1% till second day
The response to the Hindustan Media Ventures IPO, which opened from Monday, July 05, 2010, has been negligible even till the second day of its opening. The IPO has received negligible bids in the HNI and the Retail Categories and none in the QIB Category till Day 2

Hindustan Copper Limited, a public sector enterprise of the Government of India, was incorporated in 1967. As per the Company's website, the Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid. The IPO closes for subscription tomorrow i.e. on Wednesday, July 07, 2010

Stay tuned for the latest updates on Hindustan Copper Limited IPO!

Sunday, July 4, 2010

Power Grid Corp to come up with FPO

July 04, 2010 0
Power Grid Corp to come up with FPO
Power Grid Corporation of India, the state-run power distribution company, is planning to come up with its Follow-on Public Offer (FPO) soon. The Company had come up with an Initial Public Offer in September 2007 in a price band of Rs.44/- to Rs.52/- per equity share and the Issue Price was fixed at Rs.52/- per equity share

Power Grid Corp is a Navratna Public Sector Enterprise, is one of the largest transmission utilities in the world. According to the Company's website, Power Grid Corp. has around 77,000 Circuit Kms of Transmission network and 124 nos. of EHVAC & HVDC sub-stations with a total transformation capacity of 89,000 MVA. Power Grid has also diversified into Telecom business and established a telecom network of more than 21,000 Kms across the country

Stay tuned for more on Power Grid Corp FPO!

Friday, July 2, 2010

Technofab Engineering IPO garners splendid oversubscription on the closing day

July 02, 2010 0
Technofab Engineering IPO garners splendid oversubscription on the closing day
The IPO of Technofab Engineering IPO has been finally oversubscribed by a remarkable 12.78 times on an overall basis. The IPO has managed to garner a magnificent response from the HNI Category where bids are received for 21542825 Equity Shares as against 441000 Equity Shares reserved for the category, thus making it overbid by 48.85 times.

In comparison, the QIB Category has received bids for 6285325 Equity Shares as against 1470000 Equity Shares reserved, thus getting subscription of 4.28 times. The response from the Retail Category has also been wonderful with the Category getting overbid 10.03 times

Technofab Engineering IPO had opened for subscription from Tuesday, June 29, 2010. The Company engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis. Credit Rating Agency Fitch Ratings had assigned an IPO Grade 3/5 to the proposed Initial Public Offer (IPO) of Technofab Engineering Ltd. (Click here for more on Technofab Engineering IPO Rating)


More Posts on Technofab Engineering IPO:
- Technofab Engg IPO - Subscription Statistics
- Technofab Engineering IPO Final Subscription Status
- Techofab Engineering IPO oversubscribed more than 12 times
- Technofab Engineering IPO Bidding Status on Day 3
- Technofab Engineering IPO bid about 15% till Second Day
- Technofab Engineering IPO Details

Technofab Engg IPO - Subscription Statistics

July 02, 2010 0
Technofab Engg IPO - Subscription Statistics

Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
QIB 1470000 6285325 4.2757

HNI 441000 21542825 48.8499

Retail (RII) 1029000 10315850 10.0251

Employees 50000 55175 1.1035

Overall




12.78  times

Technofab Engineering IPO Final Subscription Status

July 02, 2010 0
Technofab Engineering IPO Final Subscription Status

Techofab Engineering IPO oversubscribed more than 12 times

July 02, 2010 0
Techofab Engineering IPO oversubscribed more than 12 times
Techofab Engineering IPO has been subscribed more than 12 times as per data available on NSE Website. Technofab Engineering Limited is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis

Stay tuned to Indian IPO Blog for precise category-wise subscription status of Technofab Engineering IPO!

Hindustan Copper to come up with an FPO

July 02, 2010 0
Hindustan Copper to come up with an FPO
Hindustan Copper Ltd. is preparing to come up with a Follow on Public Offer (FPO) which is expected to hit the streets roughly by September-October

Hindustan Copper Limited (HCL), a public sector enterprise of the Government of India, was incorporated in 1967. As per the Company's website, the Company markets copper cathodes, copper wire bar, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid

Stay tuned for more on Hindustan Copper FPO!

Hindustan Media IPO Price Band fixed

July 02, 2010 0
Hindustan Media IPO Price Band fixed
Hindustan Media IPO Price Band is fixed at Rs.162/- to Rs.175/- per equity share, having a Face Value of Rs.10/- each. Hindustan Media Ventures Ltd. is one of the leading print media companies in India and publishes and prints 'Hindustan'

Hindustan Media Ventures Ltd. is a subsidiary of HT Media Ltd, a Listed Company, which is primarily engaged in the business of printing and publication of newspapers and periodicals including 'Hindustan Times' and 'Mint'

CRISIL has assigned an IPO Grade 4/5 to the proposed IPO of Hindustan Media Ventures Limited. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Stay tuned for more on Hindustan Media IPO!

Technofab Engineering IPO closes today, bid 0.61 times till Day 3

July 02, 2010 0
Technofab Engineering IPO closes today, bid 0.61 times till Day 3
Technofab Engineering IPO which closes for subscription on today, i.e. on July 02, 2010, was bid 61% till yesterday, i.e. Day 3 of the IPO. The IPO has managed to garner just about 54% subscription in the Retail Category till now

Technofab Engineering Limited is engaged in the business of providing Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis

Stay tuned to Indian IPO Blog for subscription status updates of Technofab Engineering IPO!

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price ...