September 2011 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, September 28, 2011

Swajas Air Charters IPO crashes before takeoff, remains undersubscribed, issue extended

September 28, 2011 0
Swajas Air Charters IPO crashes before takeoff, remains undersubscribed, issue extended
The Book Running Lead Manager to the issue has informed the Exchange that the SWAJAS AIR CHARTERS LIMITED issue will close on October 5, 2011 instead of the earlier closing day on Sep 28th 2011.Further price band has revised from 90/- to Rs100/- to Rs. 84/- to Rs. 90/- per share. Post issue modification date has been revised to October 7, 2011

Swajas Air Charters Limited IPO received an embarrassing response from the investors with the IPO getting paltry subscriptions even on the closing day. It remains doubtful whether even at the revised price band, the issue will receive substantial subscription to sail through.

Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters within and outside India. An Insight from Indian IPO Blog Insights revealed that the pricing for the issue is far stretched. Click here to read complete analysis on Swajas Air Charters IPO

Flexituff International Limited IPO Details

September 28, 2011 0
Flexituff International Limited IPO Details
Issue Size: 6,750,000 Equity Shares of Rs.10/- each
Issue opens on: September 29, 2011
Issue closes on: October 5, 2011
Price Band: Rs.145/- to Rs.155/- per equity share
Bid Lot: 40 Equity Shares and in multiples thereof
Lead Manager: Collins Stewart Inga Pvt. Ltd.
Registrar: Link Intime India Private Ltd.

Taksheel Solutions IPO Details

September 28, 2011 0
Taksheel Solutions IPO Details
Issue Size: 5,500,000 Equity Shares of Rs.10/- each
Issue opens on: September 29, 2011
Issue closes on: October 04, 2011
Price Band: Rs.130/- to Rs.150/- per equity share
Bid Lot: 45 Equity Shares and in multiples thereof
Lead Manager: PNB Investment Services Ltd.
Registrar: Bigshare Services Pvt. Ltd.

M and B Switchgears IPO - Bidding Status on Day 1

September 28, 2011 0
M and B Switchgears IPO - Bidding Status on Day 1

Onelife Capital IPO - Bidding Status on Day 1

September 28, 2011 0
Onelife Capital IPO - Bidding Status on Day 1

Swajas Air Charters Limited IPO - Bidding Status till Day 3

September 28, 2011 0
Swajas Air Charters Limited IPO - Bidding Status till Day 3

Onelife Capital Advisors IPO Analysis

September 28, 2011 0
Onelife Capital Advisors IPO Analysis
Onelife Capital Advisors Limited (OCAL), an Indian financial service provider, is entering the capital markets with a Public Issue of 33,50,000 Equity Shares of Rs 10 each. The Issue would remain open for subscription between Wednesday, September 28, 2011 and Tuesday, October 4, 2011

The Pricing for the 100% Book Building Issue is made in a price band of Rs.100/- to Rs.110/- per equity share having a Face Value of Rs.10/- each. The IPO has been rated by CARE. Applications in the IPO can be made in a bid lot of 50 Equity Shares and in multiples thereof. The minimum application, therefore would work out to be Rs.5,000/- at the lower end of the price band and Rs.5,500/- at the upper end of the band.

Click here to read Indian IPO Blog Insight on Onelife Capital Advisors IPO

Tuesday, September 27, 2011

Analysis of M and B Switchgears IPO from Indian IPO Blog Insights

September 27, 2011 0
Analysis of M and B Switchgears IPO from Indian IPO Blog Insights
M and B Switchgears Limited, engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers, has entered the capital markets with an Initial Public Offer (IPO) of 50,00,000 Equity Shares with a Face Value of Rs.10/- each

The 100% Book Building Issue is offered in a Price Band of Rs.180/- to Rs.186/- per equity share with a bid lot of 30 Equity Shares and in multiples thereof. The IPO has been rated by rating agency ICRA. D&A Financial Services Private Limited is the Book Running Lead Manager to the Issue. Sumpoorna Portfolio Limited and Inventure Growth and Securities Limited are the Syndicate Members while Bigshare Services Private Limited is the Registrar to the Issue. The IPO is scheduled to remain open for subscription between Wednesday, September 28, 2011 to Wednesday, October 05, 2011


Company Profile:
M and B Switchgears Limited is in business of manufacturing transformers for more than 30 years. The Company's existing annual production capacity in terms of KVA is 75,000 KVA of transformer per month on single shift basis and annual aggregate capacity is 9,00,000 KVA per annum.

M and B Switchgears Limited has the capacity to manufacture 5,109 transformers per annum. Company's client-base includes almost all electricity boards and many industrial groups including steel, power, pharma, textile, automobile etc., public sector companies like NCL, SECL, WCL, Ordanace factory and various other government utilities.

The company is promoted by Mr. Shyam Sunder Mundra, Mr. Vikalp Mundra and Mr. Anurag Mundra

Click here to read complete analysis of the IPO on Indian IPO Blog Insights

Swajas Air Charters Limited IPO - Bidding Status till Day 2, September 27, 2011 1700 hrs IST

September 27, 2011 0
Swajas Air Charters Limited IPO - Bidding Status till Day 2, September 27, 2011 1700 hrs IST

Tijaria Polypipes IPO Subscription Status

September 27, 2011 0
Tijaria Polypipes IPO Subscription Status
Tijaria Polypipes IPO is a Fixed Price Issue with Equity Shares offered at an Issue Price of Rs.60/- per share for shares having a Face Value of Rs.10/- each. Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps under the registered brand name of Tijaria and Vikas. The company produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc.

The subscription status of Fixed Priced Issue would be updated after the closure of the issue. The IPO would close for subscription on September 29, 2011

Check back Indian IPO Blog for more on Tijaria Polypipes IPO!

M and B Switchgears IPO Details

September 27, 2011 0
M and B Switchgears IPO Details
Issue Size: 5,000,000 Equity Shares of Rs.10/- each
Issue opens on: September 28, 2011
Issue closes on: October 05, 2011
Price Band: Rs.180/- to Rs.186/- per equity share
Bid Lot: 30 Equity Shares and in multiples thereof
Lead Manager: D and A Financial Services Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.

Onelife Capital Advisors Limited IPO Details

September 27, 2011 0
Onelife Capital Advisors Limited IPO Details
Issue Size: 3,350,000 Equity Shares of Rs.10/- each
Issue opens on: September 28, 2011
Issue closes on: October 04, 2011
Price Band: Rs.100/- to Rs.110/- per equity share
Bid Lot: 50 Equity Shares and in multiples thereof
Lead Manager: Atherstone Capital Markets Ltd.
Registrar: Sharepro Services Pvt. Ltd.

Indo Thai Securities IPO Price Band and Bid Lot

September 27, 2011 0
Indo Thai Securities IPO Price Band and Bid Lot
The Price Band and Bid Lot for the upcoming IPO of Indo Thai Securities Limited has been announced. The shares will be offered in a price band of Rs.70/- to Rs.84/- per equity share, having a Face Value of Rs.10/- each

Correspondingly, the applications can be made in a bid lot of 80 Equity Shares and in multiples thereof. The IPO would remain open for subscription between September 30, 2011 and October 4, 2011

Indo Thai Securities Limited, as the name suggests is a stock broking company, which was started in 1995 by obtaining membership of National Stock Exchange of India Limited.

No hurry for BHEL FPO: Praful Patel

September 27, 2011 0
No hurry for BHEL FPO: Praful Patel
Union Heavy Industries & Public Enterprises Minister Praful Patel has said that the Government is in no hurry to divest the planned 5% stake in Bharat Heavy Electricals Limited (BHEL) and that the same would hit the streets when the market conditions improve.

Mr. Praful Patel stated "In the current market situation, I don't think the Bhel issue will go ahead. It will go ahead at the right time, when the market improves. We have given an in-principle approval, (but) that does not mean we have given the timing"

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. The Cabinet Committee of Economic Affairs (CCEA) has approved disinvestment of 5% paid up equity of Bharat Heavy Electricals (BHEL) through a Follow-on Public Offer (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

Monday, September 26, 2011

Indo Thai Securities IPO opens from September 30

September 26, 2011 0
Indo Thai Securities IPO opens from September 30
Indo Thai Securities, a stock broking firm, is coming up with an IPO of 40,00,000 Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription between September 30, 2011 and October 5, 2011

Company intends to spend IPO money for expansion and upgradation of existing branches and setting up branch network (with an outlay of Rs 2 crore), purchasing of office space for Mumbai regional office (with cost of Rs 4 crore), purchasing and setting up of office space for corporate office (with Rs 4 crore), brand building and advertising (Rs 3 crore) and augmenting long term working capital requirement (Rs 10 crore). The Equity Shares of the company are proposed to be listed on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Check back Indian IPO Blog frequently for the latest updates on Indo Thai Securities IPO!

PG Electroplast IPO closes at sky-high premium

September 26, 2011 0
PG Electroplast IPO closes at sky-high premium
PG Electroplast IPO has seen a bumper listing with the share more than doubling on the listing day of the IPO. The share which was issued at a price of Rs.210/- per share

PG Electroplast went on to touch an intra-day low of Rs.175.05 on the BSE, but then shooted up to touch even Rs.490/- at one point before closing the day at Rs.411.65 a share, at a staggering premium of 96.02% over the Issue Price

PG Electroplast Ltd is engaged in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

Swajas Air Charters IPO gets paltry subscription on the opening day

September 26, 2011 0
Swajas Air Charters IPO gets paltry subscription on the opening day
Swajas Air Charters Limited has received nominal subscription on the opening day with only the Retail Category getting bids being received for only 360 Equity Shares as against 1458333 Equity Shares being reserved for the category

No bids has been received from the QIB and the HNI category of investors. The IPO would remain open for subscription till September 28, 2011. The IPO is a Fixed priced Issue with the Equity Shares being offered at an Issue Price of Rs.60/- per equity share

An analysis from the Indian IPO Blog Insights hints that the Issue is priced aggressively. Click here to check out complete Insight report on Swajas Air Charters IPO!

Swajas Air Charters IPO opens from today

September 26, 2011 0
Swajas Air Charters IPO opens from today
The Initial Public Offer (IPO) of Swajas Air Charters Limited opens for subscription from today. Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters within and outside India. The services provided by Swajas Air can fulfill various Aviation requirements which range from corporate travel to emergency medical services as well as from aircraft management to maintenance and technical support

The Equity Shares are offered in a Price Band of Rs.90/- to Rs.100/- per equity share with a bid lot of 60 Equity Shares and in multiples thereof.

Click here for a detailed analysis of the IPO from Indian IPO Blog Insights

Sunday, September 25, 2011

Taksheel Solutions IPO | Price Band and Bid Lot

September 25, 2011 0
Taksheel Solutions IPO | Price Band and Bid Lot
The Price Band for the upcoming IPO of Taksheel Solutions Limited has been fixed at Rs.130/- to Rs.150/- per equity share for each share having a Face Value of Rs.10/- each. Taksheel Solutions IPO consists of 5,500,000 Equity Shares of Rs.10/- offered in the aforesaid price band

The Equity Shares are proposed to be listed on both the BSE as well as BSE. PNB Investment Services Ltd. is the Book Running Lead Manager to the Issue, while Bigshare Services Pvt. Ltd. is the Registrar to the Issue. Applications can be made in a bid lot of 45 Equity Shares and in multiples thereof

Taksheel Solution Ltd. is an IT Solution Company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. Headquartered in Hyderabad, with an office in North America, they provide professional IT services to global clients. Taksheel offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

PG Electroplast to list on September 26, 2011

September 25, 2011 0
PG Electroplast to list on September 26, 2011
The Equity Shares of PG Electroplast Limited would be listed and admitted to the dealings on the exchanges with effect from Monday, September 26, 2011. The following are the Listing Details:

PG Electroplast Limited Listing Info:
ISIN: INE457L01011
Listing Date: Monday, September 26, 2011
BSE Scrip Code: 533581
NSE Symbol: PGEL
Listing Group: 'B' Group of Securities
Issue Price: Rs. 210/- per equity share

PG Electroplast Ltd is engaged in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

Tijaria Polypipes IPO Rating from ICRA

September 25, 2011 0
Tijaria Polypipes IPO Rating from ICRA
Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the upcoming IPO of Tijaria Polypipes Ltd. The rating implies that as per ICRA, company has '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

Tijaria Polypipes Limited manufactures various kinds of high grade plastic based pipes via HDPE, MDPE, LDPE, LLDPE, uPVC, PP-R pipes and sprinkler systems under the brand name of "TIJARIA" and "VIKAS"

Check back Indian IPO Blog for more on Tijaria Polypipes IPO!

Onelife Capital Advisors IPO Rating

September 25, 2011 0
Onelife Capital Advisors IPO Rating
CARE has assigned an IPO Grade 1 to Onelife Capital Advisors IPO. This means as per CARE, company has 'Poor Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Onelife Capital Advisors Ltd (OCAL) is a financial service provider specialized in investment banking, including merchant banking

The IPO of the company would remain open for subscription between September 28, 2011 and October 4, 2011

Swajas Air Charters IPO Price Band and Bid Lot

September 25, 2011 0
Swajas Air Charters IPO Price Band and Bid Lot
The Price Band for the upcoming IPO of Swajas Air Charters Limited, has been ascertained as Rs.90/- to Rs.100/- per equity share with a corresponding bid lot of 60 Equity Shares and in multiples thereof.

Swajas Air Charters Ltd is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters within and outside India. The services provided by Swajas Air can fulfill various Aviation requirements which range from corporate travel to emergency medical services as well as from aircraft management to maintenance and technical support

Check back Indian IPO Blog for more on Swajas Air Charters IPO!

Saturday, September 24, 2011

Flexituff International Ltd IPO - Price Band and Bid Lot

September 24, 2011 0
Flexituff International Ltd IPO - Price Band and Bid Lot
The Price Band for the upcoming IPO of Flexituff International Ltd. has been ascertained at Rs.145/- to Rs.155/- a share. Flexituff International IPO consists of 6,750,000 Equity Shares of Rs.10/- each. Correspondingly, the bid lot for the IPO would be 40 Equity Shares and in multiples thereof

Flexituff International Ltd. is engaged in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags

Flexituff International Ltd. is open for subscription from September 29, 2011. Check back Indian IPO Blog for day-to-day subscription statistics on Flexituff International IPO!

Onelife Capital Advisors IPO opens from Wednesday, September 28, 2011

September 24, 2011 0
Onelife Capital Advisors IPO opens from Wednesday, September 28, 2011
Onelife Capital Advisors Limited (OCAL), financial service provider specialized in investment banking, including merchant banking, is coming up with an IPO of 3,350,000 Equity Shares of Rs.10/- each

Onelife Capital offers services like Initial Public Offerings, Rights Issue, Buyback of Shares, Follow-On Public Offering, Qualified Institutional Placements, Open Offers and other Equity Linked Financing for small sized companies

The IPO would remain open for subscription between September 28, 2011 and October 4, 2011. Apart from achieving the benefits of listing on the Stock Exchanges and general corporate purposes, the objects of this Issue are to
1. Purchase of Corporate Office at Mumbai;
2. Development of Portfolio Management Services;
3. Brand Building Activities;

Friday, September 23, 2011

RDB Rasayans IPO subscribed 1.5 times

September 23, 2011 0
RDB Rasayans IPO subscribed 1.5 times
RDB Rasayans Limited, engaged in the manufacturing of packaging material such as PP Tape, PP woven sacks, woven fabrics, industrial woven fabric, PP woven fabrics and PP woven bags, has received good response from investors and was subscribed 1.5 times on the closing day of the IPO

Chartered Capital And Investment Limited is the sole book running lead manager for the Issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE). The Company plans to utilize the proceeds from the IPO to finance the capital expenditure to enhance the manufacturing capacity by establishing another unit besides meeting the issue expenses and general corporate purposes

SAIL FPO put on hold

September 23, 2011 0
SAIL FPO put on hold
The Follow-on Public Offer (FPO) of Steel Authority of India Limited (SAIL) has been put on hold for the time being.

Rana Som, chairman and managing director of SAIL said, the follow-on public offer has not been deferred, it is not on backburner. “We have put it on hold. We are just waiting for the good time. We are waiting for stable market conditions,” he added. He further said, the market is very volatile. “Let the market condition become more conducive and then we will bring our FPO.”

SAIL is a public sector company and the largest integrated iron and steel producer in India. Steel Authority of India Limited (SAIL) is one of the largest state-owned steel makers in India and one of the top steel makers in World. With a turnover of 48,681 crore, the company is among the top five highest profit earning corporates of the country




Swajas Air Charters IPO Details

September 23, 2011 0
Swajas Air Charters IPO Details
Issue opens from: September 26, 2011
Issue closes on: September 28, 2011
Price Band: Rs.90/- to Rs.100/- per equity share
Bid Lot: 60 Equity Shares and in multiples thereof
Lead Manager: Aryaman Financial Services Ltd.
Registrar: Cameo Corporate Services Ltd.

RDB Rasayans IPO - Bidding Status till Day 2

September 23, 2011 0
RDB Rasayans IPO - Bidding Status till Day 2

Prakash Controwell IPO Issue Price fixed

September 23, 2011 0
Prakash Controwell IPO Issue Price fixed
Prakash Constrowell Limited has fixed the Issue Price at upper end of price band of Rs.130 to Rs.138 per share. The company has raised Rs 60 crore through the public issue of 43,47,826 equity shares

Prakash Constrowell Limited is a construction company predominantly engaged in the business of infrastructure development and civil construction. The company provides integrated engineering, procurement and construction services. It undertakes projects for various Government / semi-government bodies and other private sector clients. Company is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra. The promoters of the company are Mr. Prakash P. Laddha and Mrs. Aruna P. Laddha

Stay tuned for the latest updates on Prakash Controwell IPO!

M and B Switchgears IPO Price Band and Bid Lot

September 23, 2011 0
M and B Switchgears IPO Price Band and Bid Lot
The Price Band for the upcoming IPO of M and B Switchgears Limited, which would open for subscription from September 28, 2011, has been fixed at Rs.180/- to Rs.186/- per equity share with a Face Value of Rs.10/- each.

Correspondingly, the bid lot or the minimum order quantity is ascertained as 30 Equity Shares and in multiples thereof. M and B Switchgears IPO is a 100% Book Built Issue consisting of 5,000,000 Equity Shares of Rs.10/-. The IPO would close for subscription on October 5, 2011

M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers

Click here for all posts on M and B Swithgears Limited IPO

Thursday, September 22, 2011

M and B Switchgears IPO opens from Wednesday, September 28, 2011

September 22, 2011 0
M and B Switchgears IPO opens from Wednesday, September 28, 2011
M and B Switchgears Limited, a transformer manufacturer, is entering capital markets with an IPO of 50 Lakh Equity Shares having a Face Value of Rs.10/- each. The 100% Book Built Issue would remain open for subscription between Wednesday, September 28, 2011 and Wednesday, October 5, 2011

M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers. D and A Financial Services Pvt. Ltd. is the Book Running Lead Manager to the Issue while Bigshare Services Pvt. Ltd. is the Registrar to the Issue

Check back Indian IPO Blog for more on M and B Switchgears IPO!

RDB Rasayans IPO - Bidding Status on Day 1, September 21, 2011

September 22, 2011 0
RDB Rasayans IPO - Bidding Status on Day 1, September 21, 2011

Prakash Controwell IPO - Final Subscription Statistics

September 22, 2011 0
Prakash Controwell IPO - Final Subscription Statistics

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

QIB   2307692   724750   0.3141

             

HNI   692308   1909850   2.7587

             

Retail (RII)   1615385   7562000   4.6812

             

Total




2.21
 times

Prakash Controwell IPO - Final Subscription Status

September 22, 2011 0
Prakash Controwell IPO - Final Subscription Status

Wednesday, September 21, 2011

RDB Rasayans Limited IPO - An Insight

September 21, 2011 0
RDB Rasayans Limited IPO - An Insight
Source:  Indian IPO Blog Insights


RDB Rasayans Ltd, a packaging material manufacturer, engaged in manufacture and sale of FIBC (Jumbo Bags), Woven Sacks and various woven polymer based products, has entered the capital markets with Public Issue of 45, 00,000 Equity Shares of Rs.10/- each. The IPO would remain open for subscription for 3 days between September 21, 2011 and September 23, 2011

The Pricing of the 100% Book Building Issue has been done rather ambitiously at Rs.72/- on the lower end of the price band and Rs.79/- at the upper end of the price band. Chartered Capital And Investment Limited is the Book Running Lead Manager as well as the Syndicate Member for the IPO, while Link Intime India Pvt. Ltd. is the Registrar to the Issue. Applications can be made in a Price Band of 80 Equity Shares and in multiples thereof. Brickwork Ratings India Private Limited has assigned the IPO Grading to the Issue

A factor worthy of a note is that the equity shares will be listed only on the Bombay Stock Exchange (BSE) and not on National Stock Exchange (NSE)

Company Background:
RDB Rasayans Ltd. is a subsidiary of RDB Industries Ltd. and engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and and various woven polymer based products like container liners, protective irrigation system, canal liners, etc. These products use fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc. Its manufacturing facility is located in West Bengal

RDB Rasayans Ltd. manufactures fabrics for the manufacture of FIBC and sacks; flat and triplex tapes in India. Its products include bulk bags FIBC, such as corner and full loop, circular, sling loop, UN, conductive, and electrostatic bags, as well as standard bulk bags for agricultural products and construction materials; and multiwall bags, which include PP and PE valve bags, and lami bags. RDB Rasayans exports its products to various countries in Europe, Australia, and the Middle East. The company was founded in 1995 and is based in Kolkata, India.

It can be seen that the company's product portfolio essentially consists of only Bulk Bags (FIBC) and Multiwall Bags. The Company plans to utilize the proceeds from the IPO to finance the capital expenditure to enhance the manufacturing capacity by establishing another unit besides meeting the issue expenses and general corporate purposes


IPO Grading:
Brickwork Ratings (BWR) has assigned BWR IPO Grade 2 to the proposed IPO of RDB Rasayans Limited (“RRL”). Brickwork Ratings’ BWR IPO Grade 2 indicates "Below Average Fundamentals" for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1 with Grade 5 signifying strong fundamentals and Grade 1 poor fundamentals of the issue in relation to its peers

According to the Grading Report from Brickwork Ratings, the grading factors RRL’s experienced management team and promoter group, strategic cost/logistic advantage enjoyed by RRL due to their location close to clients and ports, healthy growth of domestic packaging industry as well as demand from Western and European countries  and good clientele and suppliers. The grading is constrained by volatility  of raw material prices and RRL’s inability to fully pass on the production price hikes, negative cash flows from operations, fragmented nature of industry with high level of regulation, number of litigations against the promoter and group companies, risk of adverse business environment with regard to labor unrests and cyclicality of end-user sectors

Click here to download the complete grading report of Brickwork Ratings

Analysis of Financials:
A significant factor worth consideration when it comes to the financials of the company is the negative cash flow from operations. The Prospectus filed with SEBI details the following cash flow position of the company during the preceding five years:

As can be seen from the above, the Net Cash Flow from Operating Activities of the company has been widely volatile and also cuts across into the negative quadrant for FY ending on 31-3-2008 and FY ending on 31-3-2011

The following is the company's statement of assets and liabilities and Profit and Loss statement as per the RHP filed with SEBI:



For the FY ending 31-3-2011, on a Sales of around Rs.46.13 Crs, the company has posted a PAT of only about Rs.1.80 Crs, which implies a profit margin of less than 4% of the revenue. The story in earlier four years has also been quite similar with profit to sales margin remaining under 6% in those years as well

The Equity base for the company is also comparatively high with Equity Share Capital alone constituting around 74% of the total Net Worth of the company. For the FY11, the EPS of the company comes to around 1.37, which when compared to the Price Band, gives an exorbitant PE multiple of around 53 times even at the lower end of the Price Band.

Special Remarks:
The general volatility of raw material prices and RRL’s inability to fully pass on the production price hikes may result in lower profit margins leading to low profitability in future. Besides, negative cash flows from operations and a number of litigations against the promoter and group companies plays a significant role in denting the credibility of the IPO. Investors may want to give the IPO a skip and opt for listed stocks with better profit margins and stronger fundamentals

Source:  Indian IPO Blog Insights

RDB Rasayans Limited IPO opens from today

September 21, 2011 0
RDB Rasayans Limited IPO opens from today
RDB Rasayans Ltd, a packaging material manufacturer, engaged in manufacture and sale of FIBC (Jumbo Bags), Woven Sacks and various woven polymer based products, has entered the capital markets with Public Issue of 45, 00,000 Equity Shares of Rs.10/- each. The IPO would remain open for subscription for 3 days between September 21, 2011 and September 23, 2011

RDB Rasayans Ltd. manufactures fabrics for the manufacture of FIBC and sacks; flat and triplex tapes in India. Its products include bulk bags FIBC, such as corner and full loop, circular, sling loop, UN, conductive, and electrostatic bags, as well as standard bulk bags for agricultural products and construction materials; and multiwall bags, which include PP and PE valve bags, and lami bags

Click here to read detailed review of RDB Rasayans Limited IPO from Indian IPO Blog Insights!

Click here to read Company Profile of RDB Rasayans Ltd.

Tuesday, September 20, 2011

RDB Rasayans IPO Rating

September 20, 2011 0
RDB Rasayans IPO Rating
Brickwork Ratings (BWR) has assigned BWR IPO Grade 2 to the proposed IPO of RDB Rasayans Limited (“RRL” or “the Company”). Brickwork Ratings’ BWR IPO Grade 2 indicates below average fundamentals for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1 with Grade 5 signifying strong fundamentals and Grade 1 poor fundamentals of the issue in relation to its peers

RDB Rasayans Ltd. manufactures fabrics for the manufacture of FIBC and sacks; flat and triplex tapes in India. Its products include bulk bags FIBC, such as corner and full loop, circular, sling loop, UN, conductive, and electrostatic bags, as well as standard bulk bags for agricultural products and construction materials; and multiwall bags, which include PP and PE valve bags, and lami bags.

Check back Indian IPO Blog for more on RDB Rasayans IPO!

RDB Rasayans IPO - Price Band and Bid Lot

September 20, 2011 0
RDB Rasayans IPO - Price Band and Bid Lot
The Price Band for RDB Rasayans IPO is fixed at Rs.72/- to Rs.79/- per equity share. The Price Band fixed is 7.2 times of the Face Value at the lower end and 7.9 times of the Face Value at the upper end. Correspondingly, the bid lot or the minimum order quantity would be 80 Equity Shares and in multiples thereof

RDB Rasayans Ltd is a packaging material manufacturer, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and and various woven polymer based products like container liners, protective irrigation system, canal liners, etc.

Click here to RDB Rasayans Ltd. Company Profile from Indian IPO Blog Insights
Click here for all posts on RDB Rasayans IPO

Prakash Controwell IPO - Bidding Status on Day 2

September 20, 2011 0
Prakash Controwell IPO - Bidding Status on Day 2

Flexituff International Limited IPO opens from September 29, 2011

September 20, 2011 0
Flexituff International Limited IPO opens from September 29, 2011
Flexituff International Limited is entering the capital markets with an IPO of 6,750,000 Equity Shares of Rs. 10/- each for a cash in a price band which is yet to be announced by the company

Flexituff International Limited is a manufacturer of Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP), Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.

The IPO would open for subscription from Thursday, September 29, 2011 and the closing date is October 4, 2011 for QIB Investors and for October 5, 2011 for all categories of investors. The Equity Shares are proposed to be listed on both BSE and NSE, Link Intime India Pvt. Ltd. is the Registrar to the Issue

Vaswani Industries Limited Listing

September 20, 2011 0
Vaswani Industries Limited Listing
According the the notice on the BSE website, in compliance with the order of Honorable Securities Appellate Tribunal (SAT) dated August 25, 2011, the equity shares of Vaswani Industries Limited, allotted pursuant to IPO and as per the details given below, shall be listed on the Exchange with effect from September 20, 2011.

It is further notified that the aforesaid equity shares shall be admitted to dealings on the Exchange upon the company completing the formalities for issuance of bonus shares in compliance with the aforesaid SAT order, by the company. Accordingly, the Exchange will issue a separate trading notice before its commencement.
 
The details of the equity shares are:
Scrip Code -   533576      
SCRIP ID -   VASWANI      
ISIN No. -INE590L01019
 No. Of Equity Shares -   2,34,90,700 equity shares of Rs. 10/- each fully paid up

Monday, September 19, 2011

Prakash Controwell Limited IPO Insight

September 19, 2011 0
Prakash Controwell Limited IPO Insight
Prakash Constrowell Limited, a construction company headquartered in Nashik, Maharashtra, has entered the capital markets with an Initial Public Offer (IPO) to raise Rs.60 Crores. The issue would remain open for subscription between September 19, 2011 and September 21, 2011

The 100% Book Building Issue would be in a price band of Rs.130/- to Rs.138/- per equity share for shares having a Face Value of Rs.10/- each. The applications can be made in a bid lot of 50 Equity Shares and in multiples thereof. Intensive Fiscal Services Private Limited, based in Mumbai is the Book Running Lead Manager to the Issue while Bigshare Services Pvt. Ltd. is the Registrar to the issue.

Click here to read analysis on Prakash Controwell IPO from Indian IPO Blog - Insights

Prakash Controwell IPO - Bidding Status as on Monday, September 19, 2011 1700 hrs IST

September 19, 2011 0
Prakash Controwell IPO - Bidding Status as on Monday, September 19, 2011 1700 hrs IST

Sunday, September 18, 2011

ONGC FPO put on hold for now

September 18, 2011 0
ONGC FPO put on hold for now
The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation (ONGC) Limited, has been put on hold for now. The FPO, which is scheduled to open from September 20, 2011, may now be pushed back by atleast 15 days to October 5, 2011.

Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). ONGC is a Fortune Global 500 company ranked 413,[2] and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results

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

SRS Limited - Listing Day Price Summary

September 18, 2011 0
SRS Limited - Listing Day Price Summary
Listing Date: Friday, September 16, 2011
Face Value: Rs.10/- each
Issue Price: Rs.58/- per share

Listing Day Price Summary:

On the BSE   On the NSE
Open: 55.00   Open: 68.00
High: 61.40   High: 68.00
Low: 31.80   Low: 31.50
Close: 33.65   Close: 33.25

RDB Rasayans Limited IPO Details

September 18, 2011 0
RDB Rasayans Limited IPO Details
Issue Size: 4,500,000 Equity Shares of Rs.10/-
Issue opens from: September 21, 2011
Issue closes on: September 23, 2011
Price Band: Rs.72 to Rs.79 per equity share
Bid Lot: 80 Equity Shares and in multiples thereof
Lead Manager: Chartered Capital and Investment Limited
Registrar: Link Intime India Pvt. Ltd.

Prakash Constrowell IPO Information

September 18, 2011 0
Prakash Constrowell IPO Information
Issue opens from: September 19, 2011
Issue closes on: September 21, 2011
Price Band: Rs.130 to Rs.138/- per equity share
Bid Lot: 50 Equity Shares and in multiples thereof
IPO Rating: IPO Grade 2 from CARE
Lead Manager: Intensive Fiscal Services Pvt. Ltd.
Registrar:  Bigshare Services Pvt. Ltd.

Tijaria Polypipes IPO Details

September 18, 2011 0
Tijaria Polypipes IPO Details
Issue opens from: Tuesday, September 27, 2011
Issue closes on: Thursday, September 29, 2011
Issue Type: Fixed Price Issue IPO
Issue Price: Rs.60 per equity share
Bid Lot: 100 Equity Shares and in multiples thereof
IPO Rating: IPO Grade 2 from ICRA
Lead Manager: Hem Securities Limited
Registrar: Sharex Dynamic (India) Pvt. Ltd.

Saturday, September 17, 2011

OMDC may split shares and issue bonus within a year

September 17, 2011 0
OMDC may split shares and issue bonus within a year
Orissa Minerals Development Company (OMDC) Limited may split its equity shares within a year. The company is also planning to come up with a bonus issue to further improve the affordability of the share

The market price of each share of OMDC Limited currently is a gigantic Rs.47,475 per share (CMP on BSE as on September 16, 2011). Although the earnings do not by any stretch of imagination, justify the market price of the share, which is quoting at a PE multiple of 128.70 (as on September 16, 2011), experts believe that the high price is due to very few number of shares in the market

The improved valuation of OMDC will also reflect in the share price of Vizag-based RINL, which plans to come up with an initial public offering by November 2012

Tijaria Polypipes IPO opens from September 27

September 17, 2011 0
Tijaria Polypipes IPO opens from September 27
Plastic pipes manufacturer Tijaria Polypipes is entering capital market with a public issue of 1 crore equity shares of face value of Rs 10 each on September 27, 2011

Company manufactures various kinds of high grade plastic based pipes via HDPE, MDPE, LDPE, LLDPE, uPVC, PP-R pipes and sprinkler systems under the brand name of "TIJARIA" and "VIKAS".

Stay tuned for the latest updates on Tijaria Polypipes IPO!

Friday, September 16, 2011

RDB Rasayans IPO to open from September 21

September 16, 2011 0
RDB Rasayans IPO to open from September 21
RDB Rasayans Limited, a Packaging material manufacturer, is entering capital market with a public issue of 45,00,000 Equity Shares on September 21, 2011. RDB is engaged in the business of manufacturing and selling of FIBC (jumbo bags) and woven sacks and various woven polymer based products like container liners, protective irrigation system, canal liners, etc.

Check back Indian IPO Blog for more on RDG Rasayans Limited IPO!

ONGC FPO may get deferred till October 5, 2011

September 16, 2011 0
ONGC FPO may get deferred till October 5, 2011
The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation (ONGC) Limited, may once again face a deferral. The FPO, which is scheduled to open from September 20, 2011, may now be pushed back by 15 days to October 5, 2011.

Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). ONGC is a Fortune Global 500 company ranked 413,[2] and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results

The confirmed date of opening along with Price Band and Bid Lot will be updated here as soon as the same is announced. Check back Indian IPO Blog for the latest updates on the FPO!

Thursday, September 15, 2011

SRS Limited to list on September 16, 2011

September 15, 2011 0
SRS Limited to list on September 16, 2011
SRS Limited will list its Equity Shares on the exchanges with effect from Friday, September 16, 2011. The listing details of Equity Shares of SRS Limited are provided below:

SRS Limited Listing Info:
Listing Date: Friday, September 16, 2011
ISIN: INE219H01039
Issue Price: Rs.58/- per equity share
Listing in: 'B' Group of Securities
BSE Script Code: 533569
NSE Symbol: SRSLTD

SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations. The company operates 23 SRS Value Bazaar retail stores, 15 food courts and 30 cinema screens in North India. The company also operates five jewellery retail and wholesale outlets and a jewellery manufacturing unit in Delhi.

The IPO was assigned an IPO Grade 3/5 by credit rating agency ICRA. Karvy Investor Services Ltd,IDBI Capital Market Services Limited,SPA Merchant Bankers Limited were 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 were the Syndicate Members, while BEETAL Financial & Computer Services Pvt. Ltd. was the Registrar to the Issue

Prakash Constrowell IPO Price Band fixed

September 15, 2011 0
Prakash Constrowell IPO Price Band fixed
Prakash Constrowell Limited has decided upon the Price Band for its upcoming IPO of Equity Shares, which would open for subscription from Monday, September 19, 2011. The Price Band has been fixed at Rs.130/- to Rs.138/- per equity share

Prakash Constrowell Limited is a construction company predominantly engaged in the business of infrastructure development and civil construction. It is a fast growing company that provides integrated engineering, procurement and construction services. It believes in providing high quality and innovative projects on a timely basis. It undertakes projects for various Government / semi-government bodies and other private sector clients. Company is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra

Company focuses on the following segments of construction :
  • Infrastructure development; including construction and maintenance of roads / highways, bridges, including projects on public private partnership (PPP) model, industrial parks, work-shops, hospitals, educational institutions;
  • Civil construction; including, Government staff quarters, hostel buildings and auditoriums;
  • Residential and commercial real estate construction

Plastene India IPO assigned an IPO Grade 3

September 15, 2011 0
Plastene India IPO assigned an IPO Grade 3
Credit Rating Agency ICRA has assigned an ‘IPO Grade 3’, indicating average fundamentals, to the proposed Initial Public Offering (IPO) of Plastene India Limited (PIL). ICRA 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

Plastene India Limited (PIL), formerly known as Oswal Agloimpex Limited, is the flagship company of the Champalal Group, is planning to come up with an Initial Public Offer (IPO) of Equity Shares.

Check back Indian IPO Blog for the latest updates on Plastene India IPO!

Wednesday, September 14, 2011

ONGC FPO Bid Lot

September 14, 2011 0
ONGC FPO Bid Lot
Oil and Natural Gas Corporation Limited (ONGC), Asia's largest and most active company involved in exploration and production of oil, is coming up with an FPO of Equity Shares, which would remain open for subscription between Tuesday, September 20, 2011 and Friday, September 23, 2011

Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). ONGC is a Fortune Global 500 company ranked 413,[2] and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results

The Follow-on Public Offer (FPO) is likely to be priced at around Rs.250/- per share. Consequently, the bid lot for the ONGC FPO is expected to be around 25 Equity Shares and in multiples thereof. It may be noted however, that there is no official announcement yet made with respect to the Price Band or Bid Lot for the FPO. The Price Band and Bid Lot will be updated here as soon as the same is announced. Check back Indian IPO Blog for the latest updates on the FPO!

ONGC FPO Price Band

September 14, 2011 0
ONGC FPO Price Band
The Price Band for the upcoming Follow-on Public Offer of Oil and Natural Gas Corporation (ONGC) Limited would be declared atleast one day prior to the date of opening of the issue, which would open for subscription from Tuesday, September 20, 2011

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

Oil and Natural Gas Corporation Limited (ONGC) is Asia's largest and most active company involved in exploration and production of oil. 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 Price Band and Bid lot for the FPO would be published on this blog as soon as the same is declared. Check back Indian IPO Blog for the latest updates on ONGC FPO!

SRS IPO Allotment Status declared

September 14, 2011 0
SRS IPO Allotment Status declared
SRS IPO Allotment Status has been declared and can now be declared online. Click here to check SRS Limited IPO Allotment Status now.

SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations. The company operates 23 SRS Value Bazaar retail stores, 15 food courts and 30 cinema screens in North India. The company also operates five jewellery retail and wholesale outlets and a jewellery manufacturing unit in Delhi.

The IPO was assigned an IPO Grade 3/5 by credit rating agency ICRA, indicating "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





SRS Limited IPO - Final Subscription Status

September 14, 2011 0
SRS Limited IPO - Final Subscription Status

Opto Eurocor Healthcare IPO may come up with an IPO soon

September 14, 2011 0
Opto Eurocor Healthcare IPO may come up with an IPO soon
Opto Eurocor Healthcare, a fully owned unit of the listed health-care equipment maker Opto Circuits (India) Limited, may come up with an IPO of Equity Shares. Opto Circuits (India) Limited plans to dilute 25% of its stake in the company through the IPO

Opto Eurocor Healthcare is planning to set up manufacturing units in India and Malaysia and the proceeds of the share sale would be used to finance this expansion

Check back Indian IPO Blog for more on Opto Eurocor Healthcare IPO!

Taksheel Solutions IPO to open from September 29

September 14, 2011 0
Taksheel Solutions IPO to open from September 29
Taksheel Solutions Ltd., a company which offers IT products and services to financial services and telecom companies, is planning to come up with an IPO of Equity Shares which would open for subscription from September 29, 2011.

Taksheel is a comprehensive IT solutions company focused on providing technology solutions and services for the enterprises engaged in financial service industry, which is one of the industries driven by technology all over the world.

Stay tuned for latest news on Taksheel Solutions Ltd. IPO!

National Building Construction Corporation IPO to hit the streets

September 14, 2011 0
National Building Construction Corporation IPO to hit the streets
National Building Construction Corporation (NBCC), a wholly owned Government of India enterprise, is planning to come up with an Initial Public Offer (IPO) as part of Government's divestment programme.

The Government of India, which currently holds 100% stake in the company is planning to disinvest 10% through an IPO. NBCC is the largest public sector construction company

Check back Indian IPO Blog for the latest on NBCC IPO!

Tuesday, September 13, 2011

Prakash Constrowell IPO opens from September 19

September 13, 2011 0
Prakash Constrowell IPO opens from September 19
Prakash Constrowell Limited, a company engaged in infrastructure development and civil construction business, is coming out with an IPO of Equity Shares having a Face Value of Rs.10/- each. The IPO opens on September 19, 2011 and closes on September 21, 2011

Prakash Constrowell Limited is a construction company predominantly engaged in the business of infrastructure development and civil construction. It is a fast growing company that provides integrated engineering, procurement and construction services. It believes in providing high quality and innovative projects on a timely basis. It undertakes projects for various Government / semi-government bodies and other private sector clients. Company is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra

Prakash Constrowell Limited is registered as Class 1A contractor with the Public Works Department, Government of Maharashtra; wherein company can bid for a range of contracts without restriction on any cost parameters. Further, Company is also registered with other Government/semi-government bodies to bid for various types of construction projects.

Hindustan Aeronautics to come up with an IPO

September 13, 2011 0
Hindustan Aeronautics to come up with an IPO
The Government of India is planning to divest 10% stake in Hindustan Aeronautics Limited (HAL) through an Initial Public Offering (IPO). Hindustan Aeronautics Limited (HAL) is a Navaratna PSU based in Bangalore, India and is one of Asia's largest aerospace companies.

Under the management of the Indian Ministry of Defence, the state-owned Hindustan Aeronautics is mainly involved in aerospace industry, which includes manufacturing and assembling aircraft, navigation and related communication equipment, as well as operating airports

HAL built the first military aircraft in South Asia and is currently involved in the design, fabrication and assembly of aircraft, jet engines, and helicopters, as well as their components and spares. It has several facilities throughout India including Nasik, Korwa, Kanpur, Koraput, Lucknow, Bangalore and Hyderabad

Check back Indian IPO Blog for more on HAL IPO!

Monday, September 12, 2011

PG Electroplast IPO crawls through

September 12, 2011 0
PG Electroplast IPO crawls through
PG Electroplast IPO received a lackluster subscription with the IPO getting subscribed at 1.34 times on an overall basis on its closing day. The IPO was subscribed 0.98 times in the QIB area with 1.84 times and 1.64 times subscription in HNI and Retail Category respectively

PG Electroplast IPO, which had opened for subscription from September 7, 2011, had largely remained undersubscribed for the initial three days of its opening and it was only on the closing day that the IPO managed to get through. PG Electroplast Limited is primarily engaged in the business of Electronic Manufacturing Services. PG Electroplast manufactures products as color television sets (CTV) & components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL) for third parties. It also does plastic injection moulding and manufacture Printed Circuit Boards (PCB) assemblies for CTVs, DVD players and CFL.


Click here to check out PG Electroplast IPO - Final Oversubscription Statistics

PG Electroplast IPO - Final Subscription Statistics

September 12, 2011 0
PG Electroplast IPO - Final Subscription Statistics

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

QIB   2872500   2822550   0.9826

             

HNI   861750   1583520   1.8376

             

Retail (RII)   2010750   3297270   1.6398

             

Total




1.34
 times

PG Electroplast IPO - Final Subscription Status

September 12, 2011 0
PG Electroplast IPO - Final Subscription Status

Draft Red Herring Prospectus for MCX IPO approved by SEBI

September 12, 2011 0
Draft Red Herring Prospectus for MCX IPO approved by SEBI
The Securities and Exchange Board of India (SEBI) has approved the Draft Red Herring Prospectus (DRHP) of Multi Commodity Exchange (MCX). MCX filed its Draft Red Herring
Prospectus(DRHP) for an initial public offer (IPO) with SEBI of 6,427,378 equity shares of Rs 10 each.

MCX is the sixth largest commodity exchange in the world with No 1 in silver and No 2 ranking in gold. It would be the first exchange in India to go public and get India at par with other countries with listed exchanges such as US, HK, UK, Singapore, Japan and Australia.

Stay tuned for the latest updates on MCX IPO!

Thursday, September 8, 2011

PG Electroplast IPO - Bidding Status on Day 2

September 08, 2011 0
PG Electroplast IPO - Bidding Status on Day 2

Avoid PG Electroplast IPO: MLR Research Report

September 08, 2011 0
Avoid PG Electroplast IPO: MLR Research Report
MLR Research has come out with a research report recommending the investors to Avoid the IPO of PG Electroplast Limited. The IPO opened for subscription from September 7, 2011 and would close on September 12, 2011. The shares are offered in a price band of Rs.190/- to Rs.210/- per equity share with a Face Value of Rs.10/- per share

PG Electroplast Limited manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

Click here to read more on recommendation from MLR Research!

TD Power Systems turns green after listing at a discount

September 08, 2011 0
TD Power Systems turns green after listing at a discount
The Equity Shares of TD Power Systems, which listed on the exchanges today, turned green after listing at a discount on the BSE. The Shares opened at Rs.251.60 on the BSE as against an Issue Price of Rs.256/- per share.

The shares were quoted at Rs.282.20 at about 11:30AM on the BSE. TD Power Systems IPO was subscribed 2.92 times on an overall basis with 0.38 times subscription in the Retail Category

TD Power Systems Limited is a Bangalore based heavy electrical equipment player and one of the leading manufacturers of AC Generators. Check back Indian IPO Blog for latest updates on Listing Day prices of TD Power Systems Limited!

SRS IPO Issue Price fixed

September 08, 2011 0
SRS IPO Issue Price fixed
SRS Limited, which recently concluded its IPO has fixed the price at which shares will be issued to the investors. The Price Band for the IPO was Rs.58/- to Rs.65/- per equity share and the Issue Price has been fixed at the lower end of the price band

SRS Limited IPO closed for subscription on August 26, 2011 and was finally subscribed 1.25 times on an overall basis with major subscription coming only from the HNI category, which was overbid 5.11 times. The QIB and Retail Categories were bid 0.75 times and 0.32 times respectively

Check back Indian IPO Blog for the latest updates on SRS Limited IPO!

Wednesday, September 7, 2011

PG Electroplast IPO Details

September 07, 2011 0
PG Electroplast IPO Details
Issue Size: 5,745,000 Equity Shares of Rs. 10 
Issue opens from: September 07, 2011
Issue closes on: September 12, 2011
Price Band: Rs.190/- to Rs.210/- per equity share
Bid Lot: 30 Equity Shares and in multiples thereof
IPO Rating: IPO Grade 3 from CARE
Lead Manager: Almondz Global Securities Limited
Registrar: Karvy Computershare Private Limited

PG Electroplast Limited IPO - Subscription Status on Day 1

September 07, 2011 0
PG Electroplast Limited IPO - Subscription Status on Day 1

PG Electroplast IPO Rating

September 07, 2011 0
PG Electroplast IPO Rating
CARE has assigned an IPO Grade 3 to PG Electroplast IPO. This means as per CARE, company has  "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

PG Electroplast Limited is in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

Stay tuned for the latest updates on PG Electroplast IPO!

TD Power Systems to list on September 8, 2011

September 07, 2011 0
TD Power Systems to list on September 8, 2011
Effective from Thursday, September 08, 2011, the equity shares of TD Power Systems Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities

TD Power Systems Ltd is one of the leading manufacturers of AC Generators. The Company had come up with an IPO consisting of an offering of 8,867,188 Equity Shares of Rs.10/- each in a Price Band of Rs.256/- to Rs.261/- per equity share. The IPO was finally subscribed 2.92 times on an overall basis and 0.38 times in the Retail Category

Check back Indian IPO Blog for the listing day updates on TD Power Systems IPO!

TD Power Systems IPO Allotment Status declared

September 07, 2011 0
TD Power Systems IPO Allotment Status declared

Tuesday, September 6, 2011

PG Electroplast IPO Price Band

September 06, 2011 0
PG Electroplast IPO Price Band
PG Electroplast IPO Price Band has been fixed at Rs.190/- to Rs.210/- per equity share for a share of Rs.10/- each. PG Electroplast is an electronic manufacturing services provider, whose IPO would open for subscription from tomorrow, September 7, 2011

The company manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

Stay tuned to Indian IPO Blog for the latest updates on the PG Electroplast IPO!

ONGC FPO to open from September 20, 2011

September 06, 2011 0
ONGC FPO to open from September 20, 2011
Finally, the date for the opening of Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC) has been declared. The FPO would open for subscription from Tuesday, September 20, 2011

The Issue would consist of 42,77,74,504 Equity Shares. This would comprise of a net offer to the public of 41,92,21,336 equity shares and a reservation of 85,53,168 equity shares for subscription by eligible employees

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

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

Monday, September 5, 2011

PG Electroplast IPO opens from September 7, 2011

September 05, 2011 0
PG Electroplast IPO opens from September 7, 2011
PG Electroplast Limited, an electronic manufacturing services provider, is entering capital market with a public issue of 57.45 Lakh Equity Shares of Rs.10/- each on September 7, 2011. The company manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

PG Electroplast Limited intends to use that money for prepayment of the portion of term loan and line of credit facility proposed to be availed by company for the expansion under Phase I; expansion of manufacturing facility at Unit III, Greater Noida; expansion of manufacturing facility at Unit IV, Pune; and for long term working capital requirements

Check back Indian IPO Blog for more on PG Electroplast Limited IPO!

Sunday, September 4, 2011

Rashtriya Ispat Nigam Ltd (RINL) to come up with an IPO

September 04, 2011 0
Rashtriya Ispat Nigam Ltd (RINL) to come up with an IPO
The Government of India owned Rashtriya Ispat Nigam Limited (RINL) (Vizag Steel) is planning to come up with an Initial Public Offer (IPO) of Equity Shares as part of the Goverment's divestment strategy. The Department of Disinvestment in the Ministry of Finance, Government of India has invited request for proposals from merchant bankers to engage Book Running Lead Managers to handle the issue

Rashtriya Ispat Nigam Limited is a wholly owned Government of India enterprise under the administrative control of the Ministry of Steel. The Company, incorporated in February 1982, is involved in the production and marketing of carbon steel products in the long category and basic grade pig iron, through its operating unit at Visakhapatnam, Andhra Pradesh. The present steel production capacity of RINL is 2.9 million tonnes per annum

In order to facilitate the listing of RINL, the Government is considering the disinvestment of 10% paid-up equity share capital of the Company out of Government of India's 100% shareholding, through an Initial Public Offer in the domestic market

Stay tuned for the latest updates on RINL IPO!

BHEL FPO approved by CCEA

September 04, 2011 0
BHEL FPO approved by CCEA
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. The Cabinet Committee of Economic Affairs (CCEA) has approved disinvestment of 5% paid up equity of Bharat Heavy Electricals (BHEL) through a Follow-on Public Offer (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

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. 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%

Stay tuned to Indian IPO Blog for the latest updates on BHEL FPO!

Neogen Chemicals IPO subscription status on Day 2

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