November 2010 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Tuesday, November 30, 2010

Manganese Ore India IPO overbid by fabulous 29.10 times till Day 3, November 30, 2010

November 30, 2010 0
Manganese Ore India IPO overbid by fabulous 29.10 times till Day 3, November 30, 2010
Manganese Ore India IPO has been oversubscribed by a remarkable 29.10 times on an overall basis till Tuesday, November 30, 2010. The IPO has received a gigantic response in the QIB Category, which is overbid 49.16 times, receiving bids for 809312438 Equity Shares as against 16464000 Equity Shares reserved for the category

The response from the Retail Category has also been marvelous already with the category overbid 10.86 times, receiving bids for 125150362 Equity Shares as against 11524800 Equity Shares reserved for the Retail Investors. MOIL IPO closes for subscription tomorrow, i.e. Wednesday, December 1, 2010

MOIL is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

Visit Indian IPO Blog for the latest subscription status updates on MOIL IPO!

MOIL IPO Bidding Status on Day 3

November 30, 2010 0
MOIL IPO Bidding Status on Day 3

One97 Communications IPO to open from Monday, December 13, 2010

November 30, 2010 0
One97 Communications IPO to open from Monday, December 13, 2010
One97 Communications Ltd., a leading provider of telecommunications value added services to telecom service providers, is coming up with an IPO, which would open for subscription from Monday, December 13, 2010

One97 Communications Ltd. develops and purchases content and applications, provides the relevant platform for delivery of our products and services and integrates these products and services with the core network elements of telecom service providers. The company utilises IVR system or voice, SMS, USSD and Wireless Application Protocol (WAP) technology to deliver products and services

Update: One97 Communications postpones its IPO again

Manganese Ore India IPO receiving tremendous response, subscribed 19.60 times till 3 PM

November 30, 2010 0
Manganese Ore India IPO receiving tremendous response, subscribed 19.60 times till 3 PM
MOIL IPO is gaining wonderful response and is now subscribed 19.60 times on an overall basis till Tuesday, November 30, 2010 1500 hrs IST, as per data available on the NSE website. The response from the Retail Investors is also building up with the Retail Category been subscribed about 4.9 times till 3 PM on Tuesday, November 30, 2010

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

MOIL IPO bid more than 11 times till 2 PM

November 30, 2010 0
MOIL IPO bid more than 11 times till 2 PM
MOIL IPO is subscribed about 11.29 times till 2 PM on November 30, 2010 as per data available on the NSE Website. The IPO would close for subscription for QIB Investors today and for all other categories of investors tomorrow, i.e. on Wednesday, December 1, 2010

MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

Stay tuned for more on Manganese Ore India IPO!

MOIL IPO overbid more than 5 times till 12 PM

November 30, 2010 0
MOIL IPO overbid more than 5 times till 12 PM
MOIL IPO which closes for QIB Investors today, is overbid 5.22 times till 12:00 PM as per data available on NSE website. The Retail Category is also subscribed more than 3 times till 12 noon

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

Check back Indian IPO Blog frequently for latest updates on MOIL IPO!

Shipping Corporation of India FPO Bid Lot

November 30, 2010 0
Shipping Corporation of India FPO Bid Lot
Shipping Corporation of India FPO Market Lot is fixed at 50 Equity Shares and in multiples thereof. The Equity Shares would be offered in a price band of Rs.135/- to Rs.140/- per equity share.

Shipping Corporation of India holds “Navratna” status and owns a fleet of 74 vessels of 5.11 million dead weight tonnage (DWT) and has ordered 29 vessels which will be operational in next 3 years

Stay tuned for more on Shipping Corporation of India FPO!

Shipping Corporation of India FPO Details

November 30, 2010 0
Shipping Corporation of India FPO Details
Issue Size: 84,690,730 Equity Shares of Rs.10/- each 

Issue Opens on: Tuesday, November 30, 2010
Issue Closes on: Friday, December 03, 2010
Price Band: Rs.135/- to Rs.140/- per equity share
Bid Lot: 50 Equity Shares and in multiples thereof
Lead Manager: SBI Capital Markets Ltd., IDFC Capital Ltd., and ICICI Securities Ltd.
Registrar: Karvy Computershare Pvt. Ltd.

Monday, November 29, 2010

MOIL IPO gathering commendable response, bid 2.37 times till Day 2

November 29, 2010 0
MOIL IPO gathering commendable response, bid 2.37 times till Day 2
Manganese Ore India Ltd. IPO has been building upon its subscription figures with the Day 2 subscription figure standing at 2.37 times on an overall basis. The IPO has been receiving an appreciable response from all categories of investors, including Retail Category which is bid 2.80 times till Day 2

MOIL IPO would remain open for subscription till November 30, 2010 for QIB Category and December 01, 2010 for other categories. MOIL IPO subscription figures are expected to mount at the end of Day 3, i.e. November 30, 2010, which is the closing date for the QIB Investors

MOIL (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel. MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

Earlier, the IPO had received an IPO Grade 5/5 from credit rating agency CARE
(Click here for more on Manganese Ore India IPO Rating)

RPP Infra Projects IPO Issue Price

November 29, 2010 0
RPP Infra Projects IPO Issue Price
RPP Infra Projects IPO Issue Price has been set at Rs.75/- per equity share. The price so set is at the the upper band of the price band, which was Rs.68/- to Rs.75/- per equity share.

RPP Infra Projects is primarily engaged in the business of infrastructure development such as highways, roads and bridges. RPP Infra Projects IPO was subscribed 2.97 times

Claris Lifesciences IPO - Bidding Status till Day 4

November 29, 2010 0
Claris Lifesciences IPO - Bidding Status till Day 4

Manganese Ore India IPO Bidding Status on Day 2

November 29, 2010 0
Manganese Ore India IPO Bidding Status on Day 2

MOIL IPO bid 1.68 times till 4 PM on Day 2

November 29, 2010 0
MOIL IPO bid 1.68 times till 4 PM on Day 2
Manganese Ore India Ltd. IPO has been bid 1.68 times on an overall basis till 4PM on second day of its opening, according to the data available on the NSE website. The Retail Category has also been fully subscribed

Manganese Ore India Ltd. IPO had received a welcoming response from investors with the issue getting subscribed 0.76 times on Day 1, with the larger part of the bids coming from the QIB Category which was fully subscribed on the opening day

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

Sunday, November 28, 2010

Shirdi Industries IPO gets CRISIL IPO Grade 2

November 28, 2010 0
Shirdi Industries IPO gets CRISIL IPO Grade 2
Credit Rating Agency CRISIL has assigned an IPO Grade 2/5 to the proposed IPO of Shirdi Industries Ltd. This indicates that as per CRISIL, the fundamentals of the IPO are 'Below Average' relative to the other listed equity securities in India

Shirdi Industries is engaged in the manufacturing of MDF, particle boards, pre-laminated MDF and particle boards, laminates, flooring, door skins, panel doors, modular furniture and other allied products

Stay tuned for more on Shirdi Industries IPO!

Saturday, November 27, 2010

Shipping Corporation of India FPO Price Band

November 27, 2010 0
Shipping Corporation of India FPO Price Band
The price band for the upcoming FPO of Shipping Corporation of India Ltd. is fixed at Rs.135/- to Rs.140/- per equity share of a face value of Rs.10/- each. Shipping Corporation of India (SCI) is India’s largest shipping companies handling around 35% of market share

Shipping Corporation of India (SCI) FPO would open for subscription from Tuesday, November 30, 2010 and would remain open for subscription till Friday, December 03, 2010. The FPO would consist of 84,690,730 Equity Shares of Rs.10/- each

Stay tuned for the latest updates on SCI FPO!

Claris Lifesciences IPO Revised Details

November 27, 2010 5
Claris Lifesciences IPO Revised Details
Issue Opens on: Wednesday, November 24, 2010
Issue Closes on: Thursday, December 02, 2010 *
Price Band: Rs.228/- to Rs.235/- per equity share *

Bid Lot: 22 Equity Shares and in multiples thereof
Lead Managers: Edelweiss Capital Ltd., Enam Securities Pvt. Ltd., ICICI Securities Ltd., JM Financial Consultants Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.

* Revised

Friday, November 26, 2010

MOIL IPO subscribed 0.76 times on Opening Day

November 26, 2010 0
MOIL IPO subscribed 0.76 times on Opening Day
Manganese Ore India Ltd. IPO has received a welcoming response from investors with the issue getting subscribed 0.76 times on Day 1, with the larger part of the bids coming from the QIB Category which is fully subscribed on the opening day

The Retail Category has also received good response on Day 1 with bids being received 4116754 Equity Shares as against 11524800 Equity Shares reserved for the category, thus making the category bid 0.36 times, according to data available on NSE website

(Click here for Manganese Ore India IPO Bidding Status on First Day)

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

Manganese Ore India IPO Bidding Status on First Day

November 26, 2010 0
Manganese Ore India IPO Bidding Status on First Day

Claris Lifesciences IPO extended till December 2, 2010

November 26, 2010 0
Claris Lifesciences IPO extended till December 2, 2010
Claris Lifesciences IPO has been extended till Thursday, December 2, 2010. According to the NSE Website, Book Running Lead Manager to the issue has informed the Exchange that Claris Lifesciences IPO will now close on 2 Dec, 2010 instead of the earlier closing day on 26 Nov, 2010. Post issue modification date has been revised to 3 Dec, 2010 instead of the earlier closing day on 27 Nov, 2010.

Further, the price band for the IPO has also been revised from earlier price band of Rs.278/- to Rs. 293/- per equity share to Revised Price Band of Rs.228/- to Rs.235/- per equity share

Claris Lifesciences IPO had remained undersubscribed till the scheduled closing day, i.e. till Friday, November 26, 2010, with the IPO getting bid 0.44 times on an overall basis till then

(See Also: Claris Lifesciences IPO - Bidding Status till Day 3)

Claris Lifesciences IPO - Bidding Status till Day 3

November 26, 2010 0
Claris Lifesciences IPO - Bidding Status till Day 3

Manganese Ore India IPO opens from today

November 26, 2010 0
Manganese Ore India IPO opens from today
MOIL (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel. MOIL is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

MOIL IPO would consist of 33,600,000 Equity Shares of Rs.10/- each and would close for qualified institutional bidders on November 30 and for other investors on Wednesday, December 01, 2010

The IPO has been rated an IPO Grade 5/5 by credit rating agency CARE. This means as per CARE, the company has 'Strong Fundamentals'. CARE assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Thursday, November 25, 2010

Claris Lifesciences IPO - Bidding Status on Day 2

November 25, 2010 0
Claris Lifesciences IPO - Bidding Status on Day 2

Manganese Ore India Ltd. (MOIL) IPO Bid Lot

November 25, 2010 0
Manganese Ore India Ltd. (MOIL) IPO Bid Lot
The market lot for the upcoming MOIL IPO is fixed at 17 Equity Shares and in multiples thereof. The price band was earlier decided upon as Rs.340/- to Rs.375/- per equity share. MOIL IPO consists of 33,600,000 Equity Shares of Rs.10/- each. The IPO would remain open between Friday, November 26, 2010 and Wednesday, December 01, 2010

The Objects of the Issue are to achieve the benefits of listing the Equity Shares on Stock Exchanges by carrying out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders

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

Stay tuned to Indian IPO Blog for latest updates on MOIL IPO!

One97 Communications IPO opens from Monday, December 13, 2010

November 25, 2010 0
One97 Communications IPO opens from Monday, December 13, 2010
One97 Communications Ltd., a leading provider of telecommunications value added services to telecom service providers, is coming up with an IPO, which would open for subscription from Monday, December 13, 2010

One97 Communications Ltd. develops and purchases content and applications, provides the relevant platform for delivery of our products and services and integrates these products and services with the core network elements of telecom service providers. The company utilises IVR system or voice, SMS, USSD and Wireless Application Protocol (WAP) technology to deliver products and services

The Book Running Lead Managers to the issue are IDFC Capital Ltd. and Avendus Capital Pvt. Ltd., while Link Intime India Pvt. Ltd. is the Registrar to the Issue

Update: One97 Communications postpones its IPO again

Claris Lifesciences IPO receives feeble response on the Opening Day

November 25, 2010 0
Claris Lifesciences IPO receives feeble response on the Opening Day
The IPO of CLL, which opened yesterday, has received a shabby response on Day 1 with the IPO getting bids only in the Retail Category, which is bid just around 7% with bids being received for 209902 Equity Shares as against 3207577 Equity Shares reserved for the category. Claris Lifesciences Limited (CLL) is a pharmaceutical company based in Ahmedabad

CLL IPO would remain open for subscription till Friday, November 26, 2010. The Equity Shares are offered in a price band of Rs.278/- to Rs.293/- per equity share with a bid lot of 22 Equity Shares and in multiples thereof

Stay tuned to Indian IPO Blog for latest updates on CLL IPO!

Power Grid Corporation FPO shares to list from today

November 25, 2010 0
Power Grid Corporation FPO shares to list from today
Power Grid Corporation FPO shares will be listed and admitted to the dealings on the exchange from today, i.e. Thursday, November 25, 2010. Power Grid Corporation had come up with a Follow-on Public Offer of 841,768,246 Equity Shares of Rs.10/- each, which had received a good response from the market with the FPO getting subscribed 14.88 times on an overall basis

Power Grid has a network of 150,000 transmission towers in India and plans to grow its business through proceeds of the FPO. Power Grid Corporation of India Limited is in the business of transmission of electric power in India

Stay tuned for more on Power Grid FPO!

Tuesday, November 23, 2010

Manganese Ore India IPO Price Band fixed

November 23, 2010 0
Manganese Ore India IPO Price Band fixed
Manganese Ore India IPO Price Band is fixed at Rs.340/- to Rs.375/- per equity share. The IPO, which would open for subscription from Friday, November 26, 2010, would consist of 33,600,000 Equity Shares of Rs.10/- each. The IPO would close for subscription on Wednesday, December 1, 2010

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

MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

IPO process time may reduce to 7 days

November 23, 2010 0
IPO process time may reduce to 7 days
Securities and Exchange Board of India (SEBI) is planning at reducing the time for IPO process from 7 days

Currently the processing time for the IPO is 12 days, which means that those who subscribe to IPOs through ASBA get refund or release of funds on the 12th day from the date of closure of IPO. If the move is effected, then this time is expected to reduce to 7 days

Stay tuned to Indian IPO Blog for latest updates on IPOs

Power Grid FPO Allotment Status declared

November 23, 2010 0
Power Grid FPO Allotment Status declared

Power Grid FPO Allotment Status

November 23, 2010 0
Power Grid FPO Allotment Status
Power Grid FPO Allotment Status is expected to be declared online soon. Check back here frequently for latest update on Power Grid FPO Allotment Status!

Power Grid Corporation of India Limited is a Government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India

Monday, November 22, 2010

MOIL Limited IPO allotted IPO Grade 5

November 22, 2010 0
MOIL Limited IPO allotted IPO Grade 5
CARE has assigned an IPO Grade 5 to MOIL Limited IPO. This means as per CARE company has 'Strong fundamentals'. CARE assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)

MOIL IPO opens from Friday, November 26, 2010 and would remain open till Wednesday, December 1, 2010!

RPP Infra Projects IPO Final Subscription Status

November 22, 2010 0
RPP Infra Projects IPO Final Subscription Status

Claris Lifesciences (CLL) IPO Price Band

November 22, 2010 0
Claris Lifesciences (CLL) IPO Price Band
The price band for the upcoming IPO of Claris Lifesciences Limited is fixed at Rs.278/- to Rs.293/- per equity share. The IPO would remain open for subscription from November 24, 2010 to November 26, 2010

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

Stay tuned for more on CLL IPO!

MOIL IPO opens from Friday, November 26, 2010

November 22, 2010 0
MOIL IPO opens from Friday, November 26, 2010
MOIL Limited (Manganese Ore India Limited), India based producer of manganese ore, primarily used to make ferro-alloys for steel production, is coming up with an IPO of 33,600,000 Equity Shares of Rs.10/- each

The objects of the Offer are:
1. To carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges

Stay tuned for more on MOIL Ltd. IPO!

Shipping Corporation of India FPO opens from November 30, 2010

November 22, 2010 0
Shipping Corporation of India FPO opens from November 30, 2010
Shipping Corporation of India (SCI), India’s largest shipping companies handling around 35% of market share, is coming up with an IPO of Equity Shares.

Shipping Corporation of India holds “Navratna” status Shipping Corporation of India owns a fleet of 74 vessels of 5.11 million dead weight tonnage (DWT) and has ordered 29 vessels which will be operational in next 3 years

Stay tuned for more on Shipping Corporation of India IPO!

Powergrid FPO Final Oversubscription Status

November 22, 2010 0
Powergrid FPO Final Oversubscription Status

Neogen Chemicals IPO subscription status on Day 2

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