August 2011 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, August 31, 2011

BHEL to split share before the FPO

August 31, 2011 0
BHEL to split share before the FPO
The engineering and manufacturing heavyweight BHEL is likely to undergo a split of its equity shares as part of setting the stage for the Follow-on Public Offer (FPO) that is planned for the company. The Government of India, which currently holds 67.52 percent stake in the company is planning to divest 5 percent of its ownership in the company through the FPO

The shares of BHEL are currently quoted on the Bombay Stock Exchange at Rs.1,768 (As on August 30, 2011). The arrangement under the split would entail a split of every share of BHEL, having a Face Value of Rs.10/- into 5 new shares having a Face Value of Rs.2/- each. Consequently, after the split, investors would have 5 times the shares they held before the split. The split is aimed primarily to bring down the price by about 4/5th in order to make the shares affordable for the proposed FPO

Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72. BHEL caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence. BHEL's operations are organised around three business sectors, namely Power, Industry - including Transmission, Transportation and Renewable Energy - and Overseas Business

Tuesday, August 30, 2011

BHEL FPO may carry Employee Discount

August 30, 2011 0
BHEL FPO may carry Employee Discount
The Follow-on Public Offer of Bharat Heavy Electricals Limited is likely to carry a provision for discount of up to 5 percent on the Final Issue Price for employees of the company. Bharat Heavy Electricals Limited, the electrical equipment heavyweight, is planning to come up with a Follow-on Public Offer (FPO) in line with Government's divestment plans

Although the availability of discount or otherwise has not yet been confirmed, it would be interesting to note whether the company announces a Retail Discount as well along with an Employee Discount. According to the company's website, Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector today.

Currently, the Government of India holds 67.72% stake in BHEL. It plans to divest around 5% of its stake through the proposed Follow-on Public Offer. Consequent to the FPO, the Government's stake in the company would be reduced to 62.72%. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72

PME Power Solutions may come up with an IPO

August 30, 2011 0
PME Power Solutions may come up with an IPO
PME Power Solutions, formerly known as PME Transformers (India) Ltd., is planning to come up with an Initial Public Offer (IPO) of Equity Shares having a Face Value of Rs.10/- each for cash in a 100% Book Building Issue.

PME Power Solutions (India) Ltd. is an integrated power solution provider and was established in the year 1988. PME Power has filed the Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

Check out all the Upcoming Public Issues in Indian IPO Blog's complete list of Upcoming IPOs and FPOs - arranged alphabetically by Company's name here

Brooks Laboratories shares to list on Teacher's day, Sept 5, 2011

August 30, 2011 0
Brooks Laboratories shares to list on Teacher's day, Sept 5, 2011
Brooks Laboratories Limited will list its Equity Shares pertinent to the recently concluded IPO, on Monday, September 5, 2011. Brooks Labs is a pharmaceutical contract research and manufacturing services company

Earlier, the company has fixed the Issue Price at upper end of Price Band of Rs.90 to Rs.100 per equity share. Brooks intends to use issue proceeds for setting up a new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat

Stay tuned to Indian IPO Blog for the listing day prices and updates on Brooks Labs IPO!


Alphabetical List of Upcoming Public IPOs and FPOs

August 30, 2011 0
Alphabetical List of Upcoming Public IPOs and FPOs

List of Upcoming IPOs - Companies with Alphabet A

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet A

  • Abhijeet Power
  • ACB (India)
  • Acme Tele Power
  • Adroit Industries (India)
  • Afcons Infrastructure
  • AGS Transact Technologies
  • Ajanta Manufacturing
  • Ambience
  • AML Steel
  • AMR Constructions
  • Ankita Knit Wear
  • Apollo Health Street
  • APR Constructions
  • Aravali Infrapower
  • Arch Pharmalabs
  • Asian Business Exhibition and Conferences
  • Asian Logistics
  • Asiatic Colour Chem Industries
  • Automark Industries (India)
  • Avantha Power and Infrastructure

List of Upcoming IPOs - Companies with Alphabet B

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet B

List of Upcoming IPOs - Companies with Alphabet C

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet C

List of Upcoming IPOs - Companies with Alphabet D

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet D

List of Upcoming IPOs - Companies with Alphabet E

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet E

  • Elysium Pharmaceuticals
  • Emaar MGF Land
  • Embassy Property Developments
  • Emmbros Autocomp
  • Endurance Technologies
  • Entertainment World Developers
  • Essel Shyam Communication
  • Everest Infra Energy
  • Flexituff International

List of Upcoming IPOs - Companies with Alphabet F

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet F

List of Upcoming IPOs - Companies with Alphabet G

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet G

  • Gajra Differential Gears
  • Gemini Engi-Fab
  • Genus Paper Products
  • Gini and Jony
  • Glenmark Generics
  • Goodwill Hospital and Research Centre
  • Great Eastern Energy Corporation
  • Greatship ( India)
  • Gujarat State Petroleum Corporation

List of Upcoming IPOs - Companies with Alphabet H

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet H

List of Upcoming IPOs - Companies with Alphabet I

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet I

  • ICOMM Tele
  • IFCI Factors
  • Ind Eco Ventures
  • Ind Synergy
  • Ind-Barath Power Infra
  • Indo Asia Leisure Services
  • Indo Thai Securities
  • Industrial Organics
  • Infinity Infotechparks
  • Intas Pharamaceuticals
  • IOT Infrastructure and Engergy Services

List of Upcoming IPOs - Companies with Alphabet J

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet J

List of Upcoming IPOs - Companies with Alphabet K

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet K

List of Upcoming IPOs - Companies with Alphabet L

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet L

List of Upcoming IPOs - Companies with Alphabet M

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet M

  • M and B Switchgear
  • Madhya Bharat Agro Products
  • Malwa Industries
  • Manga Capsules
  • Marck Biosciences
  • Max Flex and Imaging System
  • Mayajaal Entertainment
  • Micromax Informatics
  • Milestone Capital Advisors
  • Miniar International
  • Mittal Corp
  • Modern Tube Industries
  • MT Educare
  • Mukesh Udyog
  • Multi Commodity Exchange of India

List of Upcoming IPOs - Companies with Alphabet N

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet N

List of Upcoming IPOs - Companies with Alphabet O

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet O

List of Upcoming IPOs - Companies with Alphabet P

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet P

  • Palco Recycle Industries
  • PCH Retail
  • PCI
  • PG Electroplast
  • Planet 41 Mobi-Venture
  • Plastene India
  • PME Power Solutions (India)
  • PNC Infratech
  • Point Red Telecom
  • Powerica
  • Prakash Constrowell
  • Pride Hotels
  • Prime Retail India
  • Prince Foundations

List of Upcoming IPOs - Companies with Alphabet Q

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet Q

List of Upcoming IPOs - Companies with Alphabet R

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet R

  • Radiant Info Systems
  • Raheja Universal
  • Rajputana Stainless
  • Rama Medicares
  • Ramsarup Lohh Udyog
  • Ratanchand Jewellers
  • RDB Rasayans
  • Reid and Taylor India
  • Relcon Infraprojects
  • Reliance Infratel
  • Rites
  • Rithwik Projects
  • RNS Infrastructure
  • Rosmerta Technologies

List of Upcoming IPOs - Companies with Alphabet S

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet S

  • Sabari Inn
  • Sahara Prime City
  • Sai Silks (Kalamandir)
  • Sanco Industries
  • Sarju International
  • Scotts Garments
  • SEL Textiles
  • Semantic Space Technologies
  • Shankara Pipes India
  • Sheetal Refineries
  • Shirdi Industries
  • Shirt Company India
  • Shree Hanuman Sugar and Industries
  • Shri Balkishan Agarwal Glass Industries
  • SKIL Infrastructure
  • Sonear Industries
  • Speciality Restaurants
  • SRS Entertainment
  • Steel City Securities
  • Sterlite Energy
  • Stesalit
  • Sumatex
  • Super Religare Laboratories
  • Surya Food and Agro
  • SVEC Constructions
  • SVP Industries
  • Swajas Air Charters
  • Synergies Castings

List of Upcoming IPOs - Companies with Alphabet T

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet T

  • Taksheel Solutions
  • Tara Jewels
  • Tata Autocomp Systems
  • TCG Lifesciences
  • TD Power Systems
  • Tejora Technologies
  • Tijaria Polypipes
  • Tribhovandas Bhimji Zaveri
  • Trim Plastics
  • Trimax IT Infrastructure and Services
  • Trinity India
  • Triveni Infrastructure Development Company
  • Tunip Agro

List of Upcoming IPOs - Companies with Alphabet U

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet U

List of Upcoming IPOs - Companies with Alphabet V

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet V

List of Upcoming IPOs - Companies with Alphabet X

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet X

List of Upcoming IPOs - Companies with Alphabet Y

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet Y

List of Upcoming IPOs - Companies with Alphabet Z

August 30, 2011 0
List of Upcoming IPOs - Companies with Alphabet Z

Upcoming IPOs and FPOs - Upcoming Public Issues Complete List

August 30, 2011 0
Upcoming IPOs and FPOs - Upcoming Public Issues Complete List

Complete List of Upcoming IPOs and FPOs

August 30, 2011 0
Complete List of Upcoming IPOs and FPOs

Just Dial IPO - Download Draft Red Herring Prospectus

August 30, 2011 0
Just Dial IPO - Download Draft Red Herring Prospectus
Just Dial, a local search engine running the web portal Justdial.com, is planning to raise capital with an Initial Public Offer (IPO), for which the company has filed Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

Click here to download Just Dial IPO - Download Draft Red Herring Prospectus (DRHP) now!

According to the company's website, JustDial is India’s no.1 local search destination. The company caters to over 120 million unique users. This local search service is accessible from across 2000 towns and cities in India on Phone, Web, WAP and SMS. JustDial in India employs 4000 strong work force and has more than 1,35,000 paid advertisers.

Brooks Laboratories IPO Issue Price fixed

August 30, 2011 0
Brooks Laboratories IPO Issue Price fixed
Brooks Laboratories IPO has fixed the Issue Price at Rs.100/- per equity share. Brooks Laboratories Limited is a pharmaceutical contract research and manufacturing services company

The Issue Price has been fixed at the upper end of the price band, which was of Rs.90/- to Rs.100/- per equity share. Brooks intends to use issue proceeds for setting up a new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat for manufacturing various pharmaceuticals formulations with cost of Rs 51.8 crore

Stay tuned for the latest updates on the IPO!

BHEL FPO in Government's divestment pipeline

August 30, 2011 0
BHEL FPO in Government's divestment pipeline
Bharat Heavy Electricals Limited, the electrical equipment heavyweight, may come up with a Follow-on Public Offer (FPO) in line with Government's divestment plans. The Cabinet Committee of Economic Affairs (CCEA) is expected to take up the topic of follow-on-public offer of BHEL for discussion today on August 30, 2011.

Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72

The Government of India holds 67.72% stake in BHEL. According to the company's website, BHEL has acquired certifications to Quality Management Systems (ISO 9001), Environmental Management Systems (ISO 14001) and Occupational Health & Safety Management Systems (OHSAS 18001) and is also well on its journey towards Total Quality Management.

BHEL caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence. BHEL's operations are organised around three business sectors, namely Power, Industry - including Transmission, Transportation and Renewable Energy - and Overseas Business

The latest updates regarding the BHEL FPO Dates, pricing and other information on the FPO will be updated on Indian IPO Blog regularly. Check back for the latest updates!


ONGC FPO may be priced around Rs.250

August 30, 2011 0
ONGC FPO may be priced around Rs.250
ONGC FPO is likely to hit the markets around the third week of September 2011. Oil and Natural Gas Corporation Limited (ONGC) is Asia's largest and most active company involved in exploration and production of oil.

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

The FPO is expected to be priced around Rs.250/- a share, while the current market price of the share was about Rs.275 on Monday, August 30, 2011

In a move towards the FPO, Oil and Natural Gas Corporation (ONGC) Board had earlier undergone sub division of each Equity Share of the Company of Rs.10/- each fully paid up into two equity shares of Rs.5/- each fully paid up. The Company had also issued Bonus shares in the proportion of one new Equity Share of Rs.5/- each as a Bonus for every one existing Equity Share of Rs.5/- each fully paid up by capitalization of reserves

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

Tree House Education IPO - Basis of Allotment (Retail Category)

August 30, 2011 0
Tree House Education IPO - Basis of Allotment (Retail Category)
The Basis of Allocation to the Retail Individual Investors, who have Bid at cut-off or at the Issue Price of Rs.135/- per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 2.6594 times. The total number of Equity Shares Allotted in Retail Individual Investor category is 2,951,266 Equity Shares to 8124 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:

Category No. Of
Applications
% to
total
Total No. of
Equity Shares
applied
% to
total
No. of Equity
Shares
allocated
Ratio Total No. of
Equity Shares
allocated
40 1945 20.57 77,800 0.99 40 3:8 29,160
80 469 4.96 37,520 0.48 40 3:4 14,080
120 305 3.23 36,600 0.47 45 1:1 13,725
320 130 1.37 41,600 0.53 120 1:1 15,600
360 49 0.52 17,640 0.22 135 1:1 6,615
520 14 0.15 7,280 0.09 196 1:1 2,744
600 32 0.34 19,200 0.24 226 1:1 7,232
880 5 0.05 4,400 0.06 331 1:1 1,655
920 10 0.11 9,200 0.12 346 1:1 3,460
960 3 0.03 2,880 0.04 361 1:1 1,083
1000 24 0.25 24,000 0.31 376 1:1 9,024
1200 24 0.25 28.800 0.37 451 1:1 10,824
1360 2164 22.88 2,943,040 37.5 511 1:1 1,105,804
1360



1 6:35 370
1400 1 0.01 1,400 0.02 526 1:1 526
1440 6 0.06 8,640 0.11 542 1:1 3,252
1480 229 2.42 338.920 4.32 557 1:1 127,553
1520 1496 15.82 2,273,920 28.97 572 1:1 855,712

Brooks Laboratories IPO - Allotment Status declared

August 30, 2011 0
Brooks Laboratories IPO - Allotment Status declared

Saturday, August 27, 2011

Tree House Education closes listing day in the red

August 27, 2011 0
Tree House Education closes listing day in the red
The weak market conditions coupled with negative sentiment prevailing in the markets forced the new listing of Tree House Education and Accessories Limited to slip in the red on the listing day. The shares of Tree House, which listed on the exchanges yesterday on August 26, 2011, initially listed at a discount to the issue price at Rs.132.80 per share, the issue price being fixed at Rs.135 per share

The share went on to touch Rs.161.50 on the BSE at one point of the day, but with overall weakness in the markets soon took its toll and the share crashed to Rs.104.15 as the Intra-day low on the BSE, before concluding the listing day trade at Rs.116.55, at a discount of around 13.67% to the Issue Price. Although there was a special discount of Rs.6 on the Issue Price to the Retail category, Tree House would still show red against its name in investors' portfolio

Tree House Education and Accessories has 223 pre-schools under its brand name 'Tree House' across 33 cities in India. The company intends to utilise the IPO proceeds for expansion of pre-school business; acquisition of office space; procurement of exclusivity rights to provide educational services; construction of infrastructure for educational complexes in Rajasthan and Gujarat and repayment of loan

Friday, August 26, 2011

TD Power Systems IPO finally subscribed 2.9 times

August 26, 2011 0
TD Power Systems IPO finally subscribed 2.9 times
Amidst turbulent times in the market, the IPO of TD Power Systems has managed to finally get overbid close to 3 times with concrete support from the QIB category. The IPO has been oversubscribed by a substantial 6.52 times in the QIB Category

The overall subscription of 2.92 times was almost wholly on account of firm support from the QIB investors, without which the IPO may have barely managed to get full subscription. Both the HNI as well as the Retail category remained largely undersubscribed with only 38% subscription in both. In the Retail Category, 31,03,516 were reserved, against which bids were received only for 11,83,650 shares. The low subscription in the Retail category despite a keen interest from the QIB investors may be a result of gloomy atmosphere in the market and the resulting negative sentiments of investors towards stock markets in general and new issues in particular

Check back Indian IPO Blog regularly for Allotment Status updates, listing dates announcements, and more on TD Power Systems IPO!

Thursday, August 25, 2011

TD Power Systems IPO Rating

August 25, 2011 0
TD Power Systems IPO Rating
TD Power Systems IPO has been assigned an IPO Grade 4/5 from CARE. This implies that as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading 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

TD Power Systems Ltd. is one of the leading manufacturers of AC Generators. TD Power is in the business of Engineering, Procurement and Construction (EPC) of the boiler-turbine generator (BTG) island and the balance of plant (BOP) portion of steam turbine power plants

Stay tuned to Indian IPO Blog for the latest updates on TD Power Systems IPO!

TD Power Systems IPO - Bidding Status on Day 2

August 25, 2011 0
TD Power Systems IPO - Bidding Status on Day 2

SRS IPO - Bidding Status on Day 3

August 25, 2011 0
SRS IPO - Bidding Status on Day 3

Tree House Limited listing on August 26, 2011

August 25, 2011 0
Tree House Limited listing on August 26, 2011
The Equity Shares of Tree House Education and Accessories Limited, an educational services provider will be listed and admitted on the exchanges with effect from Friday, August 26, 2011

Earlier, Tree House Education Limited has fixed the Issue Price of its recent IPO at the lower end of the Price Band of the IPO. The Issue Price is fixed at Rs.135/- per equity share, while the price band of the IPO was Rs.135/- to Rs.153/- per equity share. There will be a special discount of Rs.6/- per equity share for retail investors, who will consequently get the shares at Rs.129/- per share

Check back Indian IPO Blog for the listing day updates!

TD Power Systems IPO - Bidding Status on Day 1

August 25, 2011 0
TD Power Systems IPO - Bidding Status on Day 1

TD Power Systems IPO covered 50 percent on opening day on QIB support

August 25, 2011 0
TD Power Systems IPO covered 50 percent on opening day on QIB support
TD Power Systems IPO, which opened for subscription since yesterday, i.e. August 24, 2011, has managed to cover half-way subscription with the IPO getting bids for 50% of the Issue Size on the opening day. The IPO has been fully subscribed in the QIB category of investors which has received bids for 31,29,042 Equity Shares as against 37,24,600 Equity Shares reserved for the category

The subscription to the IPO on the opening day has been almost entirely due to the support from the QIB category which is subscribed at about 1.19 times its size. The bids in the QIB Category have been from Foreign Institutional Investors (FIIs) only. The HNI and the Retail Investors have largely remained aloof on the Day 1 of the IPO

The Bangalore based TD Power Systems Ltd. is one of the leading manufacturers of AC Generators for steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines, etc. The company also executes Turbine Generator island projects for steam turbine power plants. TD Power Systems Ltd. has entered capital markets, offering its Equity Shares in a price band of Rs.256/- to Rs.261/- per equity share. The IPO would remain open for subscription till August 26, 2011. Stay tuned to Indian IPO Blog for day-to-day subscription status updates on the IPO!

SRS Limited IPO - Bidding Status till Day 2, August 24, 2011

August 25, 2011 0
SRS Limited IPO - Bidding Status till Day 2, August 24, 2011

Tree House Education IPO Allotment Status declared

August 25, 2011 0
Tree House Education IPO Allotment Status declared
Tree House Education IPO Allotment Status has been declared and can now be checked online at the link provided below.

Tree House Education Limited has fixed the Issue Price of its recent IPO at the lower end of the Price Band of the IPO. The Issue Price is fixed at Rs.135/- per equity share, while the price band of the IPO was Rs.135/- to Rs.153/- per equity share. There will be a special discount of Rs.6/- per equity share for retail investors, who will consequently get the shares at Rs.129/- per share.

Click here to check Tree House Education IPO Allotment Status now!



Wednesday, August 24, 2011

TD Power Systems IPO Details

August 24, 2011 0
TD Power Systems IPO Details
Issue Opens from: August 24, 2011
Issue closes on: August 26, 2011  
Price Band: Rs.256/- to Rs.261 per equity share
Bid Lot: 25 Equity Shares and in multiples thereof
Rating: IPO Grade 4 from CARE
Lead Managers: Enam Securities Pvt. Ltd. and Antique Capital Markets Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.

SRS IPO - Bidding Status on Day 1, August 23, 2011

August 24, 2011 0
SRS IPO - Bidding Status on Day 1, August 23, 2011

Monday, August 22, 2011

SRS Limited IPO opens from tomorrow

August 22, 2011 0
SRS Limited IPO opens from tomorrow
SRS Limited IPO, a company engaged in diversified businesses of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations, is launching its IPO from tomorrow, i.e. August 23, 2011

The IPO would consist of 35,000,000 Equity Shares of Rs. 10/- each and would remain open for subscription till August 26, 2011. The Price Band for the IPO has been ascertained at Rs.58/- to Rs.65/- per equity share. The applications can be made in bid lot of 100 Equity Shares and in multiples thereof

The IPO has been assigned an IPO Grade 3/5 by credit rating agency ICRA. Karvy Investor Services Ltd,IDBI Capital Market Services Limited,SPA Merchant Bankers Limited are the Book Running Lead Managers to the Issue. Karvy Stock Broking Limited,SPA Securities Limited,Enam Securities Private Limited,SMC Global Securities Limited,Hem Securities Limited are the Syndicate Members, while BEETAL Financial & Computer Services Pvt. Ltd. is the Registrar to the Issue

The details of day-to-day subscription status will be updated regularly. Check back Indian IPO Blog for more on SRS Limited IPO! You may also want to check out Indian IPO Blog - Insights for fundamental analysis, news, views, reviews, ratings and insights into the latest IPOs in the Indian markets, including articles, opinions and write-ups on investing in general

Sunday, August 21, 2011

SRS Limited IPO - Draft Red Herring Prospectus (DRHP) Download

August 21, 2011 0
SRS Limited IPO - Draft Red Herring Prospectus (DRHP) Download
The Draft Red Herring Prospectus (DRHP) of SRS Limited IPO can be downloaded here.

SRS Limited IPO consists of 35,000,000 Equity Shares of Rs.10/- each and opens for subscription from Tuesday, August 23, 2011. SRS Limited IPO Price Band was earlier fixed at Rs.58/- to Rs.65/- per equity share.

Earlier, ICRA has assigned an IPO Grade 3 to SRS Limited IPO. This means as per ICRA, the company has 'Average Fundamentals'. ICRA assigns IPO grading 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

Friday, August 19, 2011

Brooks Laboratories IPO subscribed 1.6 times

August 19, 2011 0
Brooks Laboratories IPO subscribed 1.6 times
Brooks Laboratories IPO, which closed for subscription yesterday on August 18, 2011, has received a lacklustre response and has been subscribed 1.60 times on an overall basis. The reserved portion of Retail Investors was subscribed 3.36 times whereas the Non-institutional investors' category received subscription upto 2.82 times.

However, even while the overall subscription crossed 1.5 times, one thing that unmistakably would come into everyone's eyes would be the lack of any participation in the IPO from the QIB investors. The QIB category has not received any bid while 35,00,000 shares were reserved for the category

Brooks Laboratories IPO had opened for subscription from August 16, 2011. The shares were offered in a Price Band of Rs.90/- to Rs.100/- per equity share for shares having a Face Value of Rs.10/- each. The IPO was assigned an IPO Grade 2 by the credit rating agency ICRA, indicating "Below Average Fundamentals"

Check back Indian IPO Blog for the Allotment Status, Basis of Allotment and listing day updates on Brooks Labs IPO!

Brooks Laboratories IPO - Final subscription status

August 19, 2011 0
Brooks Laboratories IPO - Final subscription status

Wednesday, August 17, 2011

Just Dial to come up with an IPO

August 17, 2011 0
Just Dial to come up with an IPO
Just Dial, a local search engine running the web portal Justdial.com, is planning to raise capital with an Initial Public Offer (IPO), for which the company has filed Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

According to the company's website, JustDial is India’s no.1 local search destination. The company caters to over 120 million unique users. This local search service is accessible from across 2000 towns and cities in India on Phone, Web, WAP and SMS. JustDial in India employs 4000 strong work force and has more than 1,35,000 paid advertisers.

Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the Issue. Stay tuned to Indian IPO Blog for the latest updates on the opening dates, price band and other details of Just Dial IPO!

SRS IPO Price Band announced

August 17, 2011 0
SRS IPO Price Band announced
The price band for the upcoming IPO of SRS Limited, which would open for subscription from August 23, 2011 has been fixed. The shares will be offered in a Price Band of Rs.58/- to Rs.65/- per equity share

SRS Limited is engaged in the business, which is quite diversified and consists of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations. SRS Limited operates 23 SRS Value Bazaar Retail stores, 15 food courts and 30 cinema screens in North India and 5 jewellery retail and wholesale outlets and a jewellery manufacturing unit in Delhi. It intends to use these proceeds for setting up cinemas, food courts and restaurants, retail stores and jewellery manufacturing facility

Stay tuned to Indian IPO Blog for the updates on SRS Limited IPO!

ONGC FPO likely to hit the streets in September, 2011

August 17, 2011 0
ONGC FPO likely to hit the streets in September, 2011
The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation Limited (ONGC) may open for subscription in September 2011. Oil and Natural Gas Corporation Limited (ONGC) is Asia's largest and most active company involved in exploration and production of oil.

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

In a move towards the FPO, Oil and Natural Gas Corporation (ONGC) Board had earlier undergone sub division of each Equity Share of the Company of Rs.10/- each fully paid up into two equity shares of Rs.5/- each fully paid up. The Company had also issued Bonus shares in the proportion of one new Equity Share of Rs.5/- each as a Bonus for every one existing Equity Share of Rs.5/- each fully paid up by capitalization of reserves

The FPO of ONGC has been anticipated since long now and also has been much talked about ever since it came to be known that the company was going to come up with an FPO. It remains to be seen whether the FPO meets the expectation of opening in September 2011 or not. Check back Indian IPO Blog for the latest updates on ONGC FPO!

Brooks Laboratories IPO subscribed 0.26 times till second day

August 17, 2011 0
Brooks Laboratories IPO subscribed 0.26 times till second day
Brooks Laboratories Limited, which had opened for subscription from yesterday, has failed to interest the investors at large with the IPO getting subscribed around 26% till the second day of its opening

The IPO has not received any subscription in the QIB category. The responses in the other two categories has also been less than 1 times till now. The IPO would close for subscription tomorrow on August 18, 2011

Click here to check out Brooks Labs IPO Bidding Status till second day

Brooks Laboratories IPO - Bidding Status till Day 2, August 17, 2011 1700 hrs IST

August 17, 2011 0
Brooks Laboratories IPO - Bidding Status till Day 2, August 17, 2011 1700 hrs IST

Tree House Education fixes Issue Price at Rs.135

August 17, 2011 0
Tree House Education fixes Issue Price at Rs.135
Tree House Education Limited has fixed the Issue Price of its recent IPO at the lower end of the Price Band of the IPO. The Issue Price is fixed at Rs.135/- per equity share, while the price band of the IPO was Rs.135/- to Rs.153/- per equity share

Tree House Education Limited intends to utilise the proceeds for expansion of pre-school business; acquisition of office space, procurement of exclusivity rights to provide educational services and construction of infrastructure for educational complexes in Rajasthan and Gujarat; and repayment of loan. Tree House Education Limited was open for subscription between August 10, 2011 and August 12, 2011 and was subscribed 1.85 times on an overall basis

As announced earlier, there will be a special discount of Rs.6/- per equity share for retail investors, who will consequently get the shares at Rs.129/- per share. Stay tuned to Indian IPO Blog for Tree House Education Limited IPO Allotment Status and Listing Day updates!

Brooks Laboratories IPO - Bidding Status on Day 1

August 17, 2011 0
Brooks Laboratories IPO - Bidding Status on Day 1

Indian IPO Blog Insight Article: Be Brave! Start picking Bluechip gems in this gloom!

August 17, 2011 0
Indian IPO Blog Insight Article: Be Brave! Start picking Bluechip gems in this gloom!
A downgrade of US credit ratings recently by ratings agency Standard&Poor’s from an AAA to AA+ for the first time in the history has triggered a series of heavy sell-offs across the global markets on one hand and also the resulting negativity in sentiments on the other.

Despite assurances from the Finance Minister and many experts that India is looking relatively stronger, a negative effect on the market sentiment is inevitable. Would you prefer to get into your shell or stick your neck out and start putting your money in markets?

Read more at Indian IPO Blog Insights>>

Monday, August 15, 2011

Introducing our new segment: Indian IPO Blog Insights

August 15, 2011 0
Introducing our new segment: Indian IPO Blog Insights
We're pleased to announce our new segment - Indian IPO Blog Insights. At Indian IPO Blog Insights, we would cover fundamental analysis, views, reviews, ratings, insights and recommendations on the latest IPOs that hit the Indian markets. In addition, the segment would also feature news articles, write-ups and opinions relevant to stock markets, world economy and investing in general. 

We have also included an option to allow the readers to contribute articles and opinions as well. If you're interested in contributing articles or simply feel an urge to speak up on the latest happenings in the IPO and Investing world, you can also send in your write-ups to indianipoblog@gmail.com. We'd publish selected articles with the names and/or website/photo of the author

Brooks Laboratories IPO Details

August 15, 2011 0
Brooks Laboratories IPO Details
Issue Opens from: Tuesday, August 16, 2011
Issue Closes on: Thursday, August 18, 2011
Price Band: Rs.90/- to Rs.100/- per equity share
Bid Lot: 60 Equity Shares and in multiples thereof
Grading: IPO Grade 2 from ICRA
Lead Manager: D and A Financial Services Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.

Sunday, August 14, 2011

Brooks Laboratories IPO assigned IPO Grade 2

August 14, 2011 0
Brooks Laboratories IPO assigned IPO Grade 2
Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the IPO of Brooks Laboratories Limited. The grading indicates Below Average Fundamentals. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Brooks Laboratories Ltd. is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.

Check back Indian IPO Blog for updates on Brooks Laboratories Ltd. IPO!

Saturday, August 13, 2011

Low profile Listing for L&T Finance Holdings Limited

August 13, 2011 0
Low profile Listing for L&T Finance Holdings Limited
The Equity Shares of L&T Finance Holdings Limited listed on the exchanges on Friday, August 12, 2011. The share underwent a rather quiet listing with not too much of volatility on the listing day unlike most recent IPOs

L&T Finance opened on the BSE at Rs.51/- as against an Issue Price of Rs.52/- per share. It remained firm throughout the trading day without any crazy price movements and even at the low point of the day, it traded at Rs.49.50, at a discount of only 4.8% on the Issue Price. It did not run away on the upper side as well and only managed to touch Rs.52.50 as the Intra-day High on the BSE. The share finally concluded the listing day at Rs.49.95, down Rs.2.05 to the Issue Price

On the NSE, the share opened at Rs.53.85, which was also the Intra-day high and touched Rs.49.30 on the Intra-day low mark, before closing at Rs.50.05

L&T Finance Holdings Limited closed for subscription on July 29, 2011 and had managed to garner respectable participation with the IPO getting subscribed 5.34 times on an overall basis with 9.61 times oversubscription in the Retail Category. The special shareholders quota was subscribed 3.35 times

SRS IPO Rating from ICRA

August 13, 2011 0
SRS IPO Rating from ICRA
Credit Rating Agency ICRA has assigned an IPO Grade 3/8 to the upcoming IPO of SRS Limited, which opens for subscription from August 23, 2011. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals An IPO Grade of 3/5 from ICRA indicates that the fundamentals of the company are Average relative to others

SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations

Stay tuned for more updates on SRS Limited IPO!

Brooks Labs IPO - Price Band fixed

August 13, 2011 0
Brooks Labs IPO - Price Band fixed
Brooks Laboratories Limited has fixed the price band for its upcoming IPO at Rs.90/- to Rs.100/- per equity share. Brooks Laboratories Ltd is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.

Brooks Laboratories Limited IPO would remain open for subscription between August 16, 2011 and August 18, 2011. D and A Financial Services Pvt. Ltd. is the Book Running Lead Manager of the IPO, while Link Intime India Pvt. Ltd. is the Registrar to the IPO

Check back Indian IPO Blog for further updates on Brooks Laboratories Limited IPO!

L&T Finance Holdings Listing Price summary

August 13, 2011 0
L&T Finance Holdings Listing Price summary
Listing Date: Friday, August 12, 2011
Issue Price: Rs. 52.00
Listing on: BSE and NSE

Listing Prices on BSE:
Open: Rs. 51.00
High: Rs. 52.50
Low: Rs. 49.50
Close: Rs. 49.95

Listing Prices on NSE:
Open: Rs. 53.85
High: Rs. 53.85
Low: Rs. 49.30
Close: Rs. 50.05

Tree House Education IPO Final Subscription Status

August 13, 2011 0
Tree House Education IPO Final Subscription Status

Thursday, August 11, 2011

Tree House Education IPO - Bidding Status on Day 2

August 11, 2011 0
Tree House Education IPO - Bidding Status on Day 2

Tree House Education IPO bid 0.68 times till Day 2

August 11, 2011 0
Tree House Education IPO bid 0.68 times till Day 2
Tree House Education IPO has been subscribed 0.68 times on an overall basis. The QIB category has received bids for 14,81,440 Equity Shares out of 29,51,267 reserved for the category, thus making the category bid 0.50 times. The subscription in the category has remained unchanged from Day 1

Tree House Education IPO consists of Public Issue of 84,32,189 Equity Shares of Rs.10/- each (including anchor Portion of 12,64,828 Equity Shares). The shares are being offered in a Price Band of Rs.135/- to Rs.153/- per equity share. A special discount of Rs.6/- has been announced for the Retail category of Investors on the final issue price of the IPO

The Retail Category has been fully subscribed till the second day of its opening. The IPO closes for subscription tomorrow

Tree House IPO gathers 44 percent subscription on opening day

August 11, 2011 0
Tree House IPO gathers 44 percent subscription on opening day
The IPO of Tree House Education and Accessories Ltd., which has opened for subscription from yesterday, has managed to garner 44% subscription on its day of opening.

Among the subscription figures, the response in the Qualified Institutional Buyers (QIBs) category is 0.50 times or 50%. The Retail Category, which has been offered a discount of Rs.6/- per equity share, has also been subscribed just above half its size at 0.54 times on the Opening Day

Earlier, The IPO Committee of the Board of Directors of the Tree House Education and Accessories Ltd., in consultation with BRLMs, has finalized allocation of 1,264,828 Equity Shares in aggregate, to Anchor Investors at Anchor Investor Allocation Price of Rs. 135 per Equity Share, which is at the lower end of the Price Band for the IPO

The allocation has been made to the following three Anchor Investors:
Rising India Focus Fund
Axis Equity Fund and
Axis Axis Midcap Fund

The shares under Tree House IPO are offered in a Price Band of Rs.135/- to Rs.153/- per equity share. Tree House has also announced a discount of Rs.6 per equity share on the final issue price to Retail Investors. The IPO would remain open for subscription till August 12, 2011

Wednesday, August 10, 2011

Tree House IPO - Bidding Status on Day 1

August 10, 2011 0
Tree House IPO - Bidding Status on Day 1

L&T Finance Holdings Listing on August 12, 2011

August 10, 2011 1
L&T Finance Holdings Listing on August 12, 2011
The Equity Shares of L&T Finance Holdings,  the subsidiary of engineering and construction giant Larsen and Toubro Limited, will commence trading on the exchanges with effect from Friday, August 12, 2011

The Issue price of the shares offered under the IPO has been fixed at Rs.52/- per equity share, which was close to the lower end of a price band of Rs.51/- to Rs.59/- per equity share. The IPO, which closed for subscription on July 29, 2011, had received a commendable response and was oversubscribed around 5.3 times, with a splendid 9.61 times oversubscription in the Retail Category.

JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited and HSBC Securities and Capital Markets (India) Private Limited were the joint global co-ordinators as well as Book Running Lead Managers to the Issue. Barclays Securities (India) Private Limited and Credit Suisse Securities (India) Private Limited too were book running lead managers, while Equirus Capital Private Limited was the co-book running Lead Manager to the Issue

The company intends to use the proceeds of the issue to augment the capital base of L&T Finance and L&T Infra to meet the capital requirements arising out of expected growth in their assets, primarily the loan portfolio, and for other general corporate purposes. JM Financial, Citigroup and HSBC are among the book running lead manager to the issue

Tree House makes allocation to Anchor Investors at lower end of Price Band

August 10, 2011 0
Tree House makes allocation to Anchor Investors at lower end of Price Band
The IPO Committee of the Board of Directors of the Tree House Education and Accessories Ltd., in consultation with BRLMs, has finalized allocation of 1,264,828 Equity Shares in aggregate, to Anchor Investors at Anchor Investor Allocation Price of Rs. 135 per Equity Share, which is at the lower end of the Price Band for the IPO

 
The allocation has been made to the following three Anchor Investors:
  1. Rising India Focus Fund
  2. Axis Equity Fund and
  3. Axis Axis Midcap Fund

The shares under Tree House IPO are offered in a Price Band of Rs.135/- to Rs.153/- per equity share. Tree House has also announced a discount of Rs.6 per equity share on the final issue price to Retail Investors. The IPO would remain open for subscription till August 12, 2011

Tree House Education IPO opens from today

August 10, 2011 0
Tree House Education IPO opens from today
Tree House Education and Accessories Ltd., an educational services provider, launches its IPO from today. The IPO would consist of 84,32,189 Equity Shares having a Face Value of Rs.10/- each offered in a price band of Rs.135/- to Rs.153/- per equity share
A special discount of Rs.6/- per equity share would be offered to Retail Category of Investors. The discount to be so offered will be given on the final issue price of the IPO. According to the CRISIL Report - December 2010, Tree House operates the largest number of self-operated pre-schools in India. As of June 15, 2011, it had 223 pre-schools under the brand name of “Tree House” across 33 cities (as per municipal limits) in India; out of which 149 are operated by the company and the remaining are operated by its franchisees

Tree House Education IPO would remain open for subscription till August 12, 2011. Stay tuned to Indian IPO Blog for the latest updates!

Tuesday, August 9, 2011

US credit rating downgrade - Difficult times ahead for IPOs

August 09, 2011 0
US credit rating downgrade - Difficult times ahead for IPOs
In a market gripped by panic and turbulence over downgrade of US credit rating by Standard & Poor (S&P), the road ahead for companies planning to raise capital in the market through IPOs, atleast in near future, seems to be quite tough

A downgrade of US credit ratings by ratings agency Standard&Poor’s from from AAA to AA+ triggered heavy sell-offs across the global markets including on the Dalal Street. US credit rating has been lowered by S&P for the first time since granting it in 1917. S&P said that in addition to the downgrade, it is issuing a negative outlook, implying that there is a chance that it may lower the rating further within the coming years. S&P also stated it was now pessimistic about the capacity of US Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon.... [Read more on Indian IPO Blog Insights]

Brooks Laboratories IPO to open for subscription from Tuesday, August 16, 2011

August 09, 2011 0
Brooks Laboratories IPO to open for subscription from Tuesday, August 16, 2011
Brooks Laboratories Ltd., engaged in the business of Pharmaceutical Contract Research & Manufacturing, is coming up with an IPO of Equity Shares in a Price Band of Rs.90/- to Rs.100/- per equity share

The Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.

The IPO would open for subscription from August 16, 2011 and would remain open till August 18, 2011

Stay tuned for the latest updates on Brooks Laboratories Ltd. IPO!

Monday, August 8, 2011

Tree House to offer discount of Rs.6 to Retail Investors

August 08, 2011 0
Tree House to offer discount of Rs.6 to Retail Investors
Tree House Education and Accessories Ltd. has fixed the price band for its upcoming IPO at Rs.135/- to Rs.153/- per equity shares for a share of Rs.10/- each. The applications can be made in a bid lot of 40 Equity Shares and in multiples thereof

As a gesture towards Retail Investors, the company has announced a Rs.6/- discount on the final issue price of the IPO. Tree House Education IPO would consist of 84,32,189 Equity Shares and would remain open for subscription between August 10, 2011 and August 12, 2011

Stay tuned to Indian IPO Blog for more on Tree House Education and Accessories Ltd. IPO!

Tree House Education IPO Price Band

August 08, 2011 0
Tree House Education IPO Price Band
Tree House Education IPO Price Band has been fixed at Rs.135/- to Rs.153/- per equity share. The IPO would remain open for subscription between August, 10 to August, 12, 2011

The Issue Size for the IPO would be 84,32,189 Equity Shares of Rs.10/- each. The bid lot would be 40 Equity Shares and in multiples thereof. The company has announced a discount of Rs.6/- per equity share on the final Issue Price of the IPO for Retail Investors

According to the CRISIL Report - December 2010, Tree House operates the largest number of self-operated pre-schools in India. As of June 15, 2011, it had 223 pre-schools under the brand name of “Tree House” across 33 cities (as per municipal limits) in India; out of which 149 are operated by the company and the remaining are operated by its franchisees

JM Financial Consultants and Motilal Oswal Securities Limited are the Book Running Lead Managers to the Issue JM Financial Services Pvt. Ltd and Motilal Oswal Securities Ltd. as Syndicate members, while Link Intime (India) Private Limited is the Registrar to the Issue

Sunday, August 7, 2011

Tree House Education IPO assigned IPO Grade 3

August 07, 2011 0
Tree House Education IPO assigned IPO Grade 3
Tree House Education and Accessories IPO, which is scheduled to open from Wednesday, August 10, 2011, has been assigned an IPO Grade 3 by credit rating agency CRISIL. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Tree House Education is one of the leading educational services providers in India. As per CRISIL report, they operate the largest number of self-operated pre-schools in India. They have 177 pre-schools under the brand name of "Tree House" across 23 cities in India

Stay tuned to Indian IPO Blog for the latest updates on Tree House Education IPO!

Tree House Education IPO opens from Wednesday, August 10, 2011

August 07, 2011 0
Tree House Education IPO opens from Wednesday, August 10, 2011
Tree House Education and Accessories, the educational services provider, is coming up with an IPO of 84,32,189 Equity Shares of Face Value of Rs.10/- each. It operates the largest number of self-operated pre-schools in India

Tree House Education is one of the leading educational services providers in India. As per CRISIL report, they operate the largest number of self-operated pre-schools in India. They have 177 pre-schools under the brand name of "Tree House" across 23 cities in India

Tree House Education and Accessories IPO would remain open for subscription from Wednesday, August 10, 2011 to Friday, August 12, 2011

Stay tuned for the latest updates on Tree House Education and Accessories IPO!

Saturday, August 6, 2011

L&T Finance Holdings IPO - Basis of Allotment

August 06, 2011 1
L&T Finance Holdings IPO - Basis of Allotment
L&T Finance Holdings IPO - Basis of Allotment has not been released yet. The same would be updated here as soon as it is made available.

Meanwhile, L&T Finance Holdings IPO Allotment Status has been declared and the allotted shares have also been credited into the demat account in most cases. Hence, investors may check their respective demat account balances to ascertain the number of shares allotted to them

Stay tuned to Indian IPO Blog for the latest updates on L&T Finance Holdings IPO!

L&T Finance Holdings IPO Allotment Status

August 06, 2011 0
L&T Finance Holdings IPO Allotment Status
L&T Finance Holdings IPO Allotment Status has been declared. However, the website of the registrar is not yet updated with the details of allotment. However, the allotted number of shares are credited to demat accounts of investors. Hence, investors may check their respective demat accounts for credit of shares

L&T Finance Holdings IPO had closed for subscription on July 29, 2011 and was oversubscribed 5.34 times on an overall basis with subscription in the Retail Category at 9.61 times

Thursday, August 4, 2011

Inventure Growth closes at a stunning premium on Listing Day

August 04, 2011 0
Inventure Growth closes at a stunning premium on Listing Day
The Equity Shares of Inventure Growth and Securities Limited, which were priced at Rs.117/- per share in the recently concluded IPO of the company, witnessed crazy movements in its prices on the listing day.

The share opened above its Issue Price at Rs.119.00 on the BSE and continued to hover in the Rs.100 to Rs.130 range till about initial 4 hours of the trade, before getting volatile. The stock touched Rs.91.55 as an Intra-day low and then continued upward spike to reach Rs.225 as Intra-day high level, before closing at Rs.207.95 on the BSE

For a company that has an After-tax profit of Rs.5.5 crore in FY 2011, such kind of market price is interesting to note. Given the wild spike in the share at the close of the day and the volatilty of recent IPOs upon listing, it would be interesting to see whether these levels of price will be maintained for long or not

Tuesday, August 2, 2011

Inventure Growth and Securities to list shares on August 04, 2011

August 02, 2011 0
Inventure Growth and Securities to list shares on August 04, 2011
The Equity Shares of Inventure Growth and Securities Ltd. will be listed and admitted to the dealings on the exchanges with effect from Thursday, August 04, 2011. The company has fixed issue price at higher end of price band of Rs.100/- to Rs.117/- per equity share

Inventure Growth and Securities Limited offers a host of services under one roof such as trading services in equity-cash and derivatives market, PMS, debt market and currency futures segment. The company has membership in the cash and derivatives segment of both BSE and NSE, currency futures segment of NSE, MCX-SX and wholesale debt market segment of BSE and NSE

Stay tuned to Indian IPO Blog for the latest updates on Inventure Growth and Securities IPO!

Monday, August 1, 2011

IPO forms to be short and simple now

August 01, 2011 0
IPO forms to be short and simple now
Securities and Exchange Board of India (SEBI) has decided to introduce a new short and simple form for IPO Investors. The move is designed for increasing retail participation in the IPOs and stock markets. SEBI chairman UK Sinha said that this will lead to reduction in the size of the form by about a quarter

The new form, besides being shorter and simpler, would also carry information regarding Price-Earnings (PE) ratios of the peer companies as well as track record of Lead Managers of the IPO

L&T Finance IPO Issue Price fixed at Rs.52 per share

August 01, 2011 0
L&T Finance IPO Issue Price fixed at Rs.52 per share
In a move that is likely to raise many eyebrows, L&T Finance Holdings has fixed the Issue Price of its Initial Public Offer at Rs.52/- per equity share which is neighter at the upper end nor at the lower end of the price band. The Price Band was fixed at Rs.51/- to Rs.59/- per equity share

On the occasion, the Chairman of L&T Finance Holdings Y M Deosthalee said, “We are happy with the demand that the issue generated amongst all categories of investors, particularly given the market volatility. While the IPO received good demand at different price points within the price band, to reciprocate the confidence that over 600,000 applicants have placed in us we decided to price the issue at Rs 52. In line with L&T Group’s philosophy, this indicates our intention to build a long and mutually beneficial relationship with our prospective shareholders”

L&T Finance Holdings IPO, which closed for subscription on July 29, 2011, received subscription of more than 5 times on an overall basis and more than 9.5 times in the Retail Catergory

Neogen Chemicals IPO subscription status on Day 2

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