October 2011 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Sunday, October 30, 2011

Indian IPO Blog - SMS Alerts notification

October 30, 2011 0
Indian IPO Blog - SMS Alerts notification
In consonance with the newly notified guidelines by TRAI, please note that you may not receive Free SMS Alerts from Indian IPO Blog if your number is registered with the National Do Not Disturb (DND) Registry

You may opt out of the DND service by following the steps given below: 
  • Call 1909 (toll free) and select preference required for activation/deactivation OR
  • Send SMS “STOP DND” to 1909 

ReGen Powertech to come up with an IPO

October 30, 2011 0
ReGen Powertech to come up with an IPO
ReGen Powertech Limited, a Chennai-based wind turbine manufacturer, is coming up with an IPO of Equity Shares to raise between Rs.400 crore and Rs.500 crore from the market

ReGen Powertech Limited, is committed to providing an alternative source of energy that is sustainable. ReGen Powertech offers total "Turnkey Solutions" for wind power projects that includes consultancy, manufacturing, supply, erection, commissioning, operations and maintenance services of wind turbines.

ReGen manufactures technologically advanced wind turbines at its well planned, state-of-the-art production facility near Tada in Andhra Pradesh, India. The plant houses a sophisticated assembly line and a completely integrated in-house R&D Center. The company currently manufactures about 200 gearless wind turbine generators of 1.5 MW capacity per annum which it proposes to increase to 500 wind turbine generators by 2010.

ReGen has a technical licensing agreement with Vensys Energy AG, Germany, a global player in wind turbine design and development. Vensys has installations in key wind energy markets such as Germany, China, Canada, and Czech Republic and currently in the Spanish and Indian markets.

Tuesday, October 25, 2011

Happy Diwali to all Readers!

October 25, 2011 0
Happy Diwali to all Readers!
 
With Gleam of Diyas and 
Echo of Chants 
Here's a wish that 
May Happiness, Peace,
Prosperity and Contentment 
fill up your lives

Indian IPO Blog 
wishes its readers
Sparkling Diwali and 
A Prosperous New Year!

Wednesday, October 19, 2011

Flexituff International maintains green zone throughout the listing day

October 19, 2011 0
Flexituff International maintains green zone throughout the listing day
Flexituff International Limited, an integrated manufacturer of flexible intermediate bulk containers (FIBC), listed its Equity Shares on the Exchanges today. The share closed with 7% premium at Rs 165.55 a share on listing day. The stock has touched an intra-day high of Rs 187.70 and low of Rs 142, after opening at Rs 156.90 on the National Stock Exchange

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

Taksheel Solutions crashes on listing day

October 19, 2011 0
Taksheel Solutions crashes on listing day
Taksheel Solutions Limited listed its Equity Shares on the exchanges today. The stock opened at about Rs.157 on the BSE and managed to touch an Intra-day High of Rs.185/- but then began crumbling post noon to end up at a closing market price of Rs.55.85, or at a discount of close to 62.75% on the Issue Price of Rs.150/- a share

Taksheel Solutions Limited is IT company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. The Company is headquartered in Hyderabad, and provides professional IT services to global clients. Taksheel offers Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

Click here to read Indian IPO Blog Insight on Taksheel Solutions IPO
Click here for all posts on Taksheel Solutions IPO



Monday, October 17, 2011

Onelife Capital Advisors closes Listing Day in premium

October 17, 2011 0
Onelife Capital Advisors closes Listing Day in premium
Onelife Capital Advisors Limited, which listed on the exchanges today, closed in the premium zone with the closing market price of Rs.145.90 on the BSE v/s. an Issue Price of Rs.110/- a share. Effectively, the share closed at a premium of Rs.35.90 or around 32.6% over the Issue Price

Onelife Capital Advisors is a financial service company offering investment banking services and portfolio management and equity broking services. Company is focused on nurturing small and medium sized enterprises (SME) companies to source capital in various forms

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

Thursday, October 13, 2011

Onelife Capital Advisors Limited to list its shares on Monday, October 17, 2011

October 13, 2011 0
Onelife Capital Advisors Limited to list its shares on Monday, October 17, 2011
Effective from Monday, October 17, 2011, the Equity Shares of Onelife Capital Advisors Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities. The following are the details of listing:

Onelife Capital Advisors Limited Listing Info:
ISIN: INE912L01015
Listing Date: Monday, October 17, 2011
BSE Scrip Code: 533632
NSE Symbol: ONELIFE
Listing Group: 'B' Group of Securities
Issue Price: Rs.110/- per equity share

Wednesday, October 12, 2011

Flexituff International Limited fixes IPO Issue Price

October 12, 2011 0
Flexituff International Limited fixes IPO Issue Price
The Issue Price for Flexituff International Limited has been fixed at Rs.155/- per equity share, which is the higher end of the Price Band of Rs.145/- to Rs.155/- per equity share

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

Check back Indian IPO Blog for listing details on the IPO!

Tijaria Polypipes IPO subscribed 1.20 times

October 12, 2011 0
Tijaria Polypipes IPO subscribed 1.20 times
Tijaria Polypipes Limited IPO has been subscribed 1.20 times as per the advertisement in a leading newspaper. The reserved portion of Retail Investors and Non-Institutional Investors was subscribed 1.73 times and 0.68 times respectively

Tijaria Polypipes manufactures high-grade HDPE, MDPE and LDPE plastic pipes and sprinkler systems under the brand names of Tijaria and Vikas. Its products are used in irrigation, telecommunication, industrial, infrastructure and housing sectors


Tuesday, October 11, 2011

Indo Thai Securities IPO Issue Price set

October 11, 2011 0
Indo Thai Securities IPO Issue Price set
Indo Thai Securities IPO Issue Price has been set at Rs.74/- per equity share. SThe tock broking firm has fixed its issue price share much lower than the upper end of price band which was Rs.84/- per equity share

Corporate Strategic Allianz Limited was the Book Running Lead Manager to the Issue with Hem Securities Limited being its Syndicate Member and Sharepro Services (India) Private Limited being the Registrar to the Issue

Indo Thai Securities is an Indian Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE. The company is promoted by Mr. Parasmal Doshi and Mr. Dhanpal Doshi

Monday, October 10, 2011

RDB Rasayans Limited crashes terribly on listing day

October 10, 2011 0
RDB Rasayans Limited crashes terribly on listing day
RDB Rasayans Limited, a packaging material manufacturer, crashed terribly on the listing day. As against an Issue Price of Rs.79/- per share, the share touched an Intra-day low of Rs.19.80 before closing at Rs.21.25 on the BSE, at a discount of 73% to the Issue Price

RDB Rasayans Ltd. is 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 was open for subscription for 3 days between September 21, 2011 and September 23, 2011

Indian IPO Blog Insights had provided an Analysis and Insight on RDB Rasayans Limited IPO in which the recommendation was to stay away from the issue. Click here to read the entire insight on RDB Rasayans IPO!

CARE files Draft Prospectus for IPO

October 10, 2011 0
CARE files Draft Prospectus for IPO
Credit Analysis And Research (CARE), India's second largest credit rating agency, has filed the Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering

The IPO would consist of a public offering of 71,99,700 Equity Shares of Rs.10/- each. The offer will constitute 25.22% of the post-offer paid-up equity share capital of company

Check back Indian IPO Blog for the latest updates on CARE IPO!

Friday, October 7, 2011

Swajas Air Charters Limited IPO - Final Subscription Statistics

October 07, 2011 0
Swajas Air Charters Limited 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   2232143   1999800   0.8959

             

HNI   669643   1456740   2.1754

             

Retail (RII)   1562500   4202700   2.6897

             

Total




1.72
 times

M and B Switchgears IPO - Final Subscription Statistics

October 07, 2011 0
M and B Switchgears 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   2500000   2569320   1.0277

             

HNI   750000   1167960   1.5573

             

Retail (RII)   1750000   4106430   2.3465

             

Total




1.57
 times

Flexituff International IPO - Final Subscription Statistics

October 07, 2011 0
Flexituff International 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   3375000   1716200   0.5085

             

HNI   1012500   2375840   2.3465

             

Retail (RII)   2362500   3773400   1.5972

             

Total




1.17
 times

Indo Thai Securities IPO - Final Subscription Statistics

October 07, 2011 0
Indo Thai Securities 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   2000000   0   0.0000

             

HNI   600000   10080   0.0168

             

Retail (RII)   1400000   4695120   3.3537

             

Total




1.18
 times

Tuesday, October 4, 2011

Taksheel Solutions IPO subscribed 3 times

October 04, 2011 0
Taksheel Solutions IPO subscribed 3 times
Taksheel Solutions IPO, which was open along side five other IPOs, has managed to garner 3 times subscription on an overall basis. The subscription was mainly supported by HNI and Retail investors, the categories being overbid 4.70 times and 6.18 times respectively. QIB Investors have by far, remained aloof to the issue with the IPO getting barely 0.24 times subscription in the category.

Taksheel Solutions IPO was assigned an IPO Grade 2/5 by the rating agency CARE indicating "Below Average Fundamentals".

Taksheel Solutions Limited is IT company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. The Company is headquartered in Hyderabad, and provides professional IT services to global clients. Taksheel offers Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

Click here to read Indian IPO Blog Insight on Taksheel Solutions IPO
Click here for all posts on Taksheel Solutions IPO

Prakash Controwell closes in the green despite a falling market day

October 04, 2011 0
Prakash Controwell closes in the green despite a falling market day
Prakash Controwell Limited made a solid debut today with the shares of the company closing the listing day at a premium even as the BSE SENSEX lost 286 points or 1.77% on the day.

Prakash Controwell Limited had fixed the Issue Price of shares offered in the IPO at Rs.138/- a share and opened the listing day at Rs.145/- on the BSE. The share did touch an Intra-day low of Rs.112/- but managed to close well above the Issue Price at Rs.229.50 on the BSE, at a premium of about 66.30 percent on the Issue Price

Prakash Constrowell Ltd. is a construction company engaged in the business of infrastructure development and civil construction. The IPO of the company closed on September 21, 2011 and was subscribed 2.21 times on an overall basis with participation from Retail Category coming in at 4.68 times. However, the IPO had remained undersubscribed in the QIB Category at 0.31 times

Flexituff International IPO - Subscription Status till October 4, 2011

October 04, 2011 0
Flexituff International IPO - Subscription Status till October 4, 2011

M&B Switchgears Limited - Bidding Status till Day 5

October 04, 2011 0
M&B Switchgears Limited - Bidding Status till Day 5

Swajas Air Charters Limited IPO - Bidding Status as on Day 7, October 4, 2011 1700 hrs IST

October 04, 2011 0
Swajas Air Charters Limited IPO - Bidding Status as on Day 7, October 4, 2011 1700 hrs IST

Indo Thai Securities Limited IPO - Bidding Status as on Day 3, October 4, 2011 1700 hrs IST

October 04, 2011 0
Indo Thai Securities Limited IPO - Bidding Status as on Day 3, October 4, 2011 1700 hrs IST

Taksheel Solutions IPO - Final Subscription Statistics

October 04, 2011 0
Taksheel Solutions 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 2750000 666675 0.2424



HNI 825000 3873735 4.6954



Retail (RII) 1925000 11889810 6.1765



Total




2.99
 times

Onelife Capital Advisors IPO Final Subscription Statistics

October 04, 2011 0
Onelife Capital Advisors 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   1675000   1712750   1.0225

             

HNI   502500   466150   0.9277

             

Retail (RII)   1172500   2931500   2.5002

             

Total




1.53
 times

Taksheel Solutions Ltd IPO - Final Subscription Status

October 04, 2011 0
Taksheel Solutions Ltd IPO - Final Subscription Status

Onelife Capital Advisors IPO - Final Subscription Status

October 04, 2011 0
Onelife Capital Advisors IPO - Final Subscription Status

Monday, October 3, 2011

Prakash Controwell IPO Listing on October 4, 2011

October 03, 2011 0
Prakash Controwell IPO Listing on October 4, 2011
Prakash Constrowell Limited is set to list its equity shares on exchanges on Tuesday, October 4, 2011. It has fixed the issue price at higher end of price band of Rs 130-138 per share. The following are the listing details:

Prakash Constrowell Limited Listing Info:
ISIN: INE023M01019
Listing Date: Tuesday, October 04, 2011
BSE Scrip Code: 533605
NSE Symbol: PRAKASHCON
Listing Group: 'B' Group of Securities
Issue Price: Rs. 138/- per equity share

More than 20 companies cancel their IPOs plans for now

October 03, 2011 0
More than 20 companies cancel their IPOs plans for now
According to a recent report, at least 22 companies, mainly from real estate and power sector, have called off their initial public offers (IPOs) in this fiscal.

SMC Global Securities stated in a report that even after getting approval from market regulator SEBI, these companies could not open their IPOs within the valid period of one year from the date of approval due to the ongoing turmoil in the capital markets. Sterlite Energy, Jindal Power, Avantha Power, Lodha Developers, Ambiance Real Estate, Kumar Urban Developers, Neptune Developers, BPTP and Raheja Universal are some of the companies in the list

The volatile and highly uncertain market conditions have led many companies to defer their IPOs and many other to look for other alternatives of raising funds

Taksheel Solutions IPO - Subscription Status till Day 3

October 03, 2011 0
Taksheel Solutions IPO - Subscription Status till Day 3

M and B Switchgears IPO - Bidding Status till Day 4, October 3, 2011 1700 hrs IST

October 03, 2011 0
M and B Switchgears IPO - Bidding Status till Day 4, October 3, 2011 1700 hrs IST

Swajas Air Charters Limited IPO - Subscription Status till Day 6, October 3, 2011 1700 hrs IST

October 03, 2011 0
Swajas Air Charters Limited IPO - Subscription Status till Day 6, October 3, 2011 1700 hrs IST

Flexituff International IPO - Bidding Status till October 3, 2011 1700 hrs IST

October 03, 2011 0
Flexituff International IPO - Bidding Status till October 3, 2011 1700 hrs IST

Indo Thai Securities IPO - Bidding Status till Day 2, October 3, 2011 1700 hrs IST

October 03, 2011 0
Indo Thai Securities IPO - Bidding Status till Day 2, October 3, 2011 1700 hrs IST

Onelife Capital Advisors IPO - Bidding Status till Day 4, October 3, 2011

October 03, 2011 0
Onelife Capital Advisors IPO - Bidding Status till Day 4, October 3, 2011

Sunday, October 2, 2011

Indo Thai Securities IPO - Analysis from Indian IPO Blog Insights

October 02, 2011 0
Indo Thai Securities IPO - Analysis from Indian IPO Blog Insights
Indo Thai Securities Limited has entered the capital markets with a Public issue of 40,00,000 Equity Shares of Rs.10/- each. The Issue would remain open for subscription between Sep 30, 2011 to Oct 5, 2011

The Price Band for the 100% Book Building Issue is fixed at Rs.70/- to Rs.84/- per equity share with a bid lot of 80 Equity Shares and in multiples thereof. Corporate Strategic Allianz Limited is the Book Running Lead Manager to the Issue with Hem Securities Limited being its Syndicate Member and Sharepro Services (India) Private Limited being the Registrar to the Issue


Company Profile:
Indo Thai Securities is an Indian Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE. The company is promoted by Mr. Parasmal Doshi and Mr. Dhanpal Doshi

Click here to read the complete analysis on Indo Thai Securities Limited IPO

Saturday, October 1, 2011

Taksheel Solutions Limited IPO Analysis

October 01, 2011 0
Taksheel Solutions Limited IPO Analysis
Source: Indian IPO Blog Insights

Taksheel Solutions Limited, an IT company serving the financial services industry, has entered the capital markets with an IPO of 55,00,000 Equity Shares of Rs.10/- each to be issued in a Price Band of Rs.130/- to Rs.150/- per equity share. Applications can be made in a Bid Lot of 45 Equity Shares and in multiples thereof

The IPO has been rated by Rating Agency CARE. The IPO would remain open for subscription between September 29, 2011 and October 4, 2011. PNB Investment Services Limited is the Book Running Lead Manager to the Issue. The Syndicate Members are PNB Investment Services Limited, Reliance Securities Limited and Inventure Growth and Securities Limited, while Bigshare Services Pvt. Ltd. is the Registrar to the Issue

Company Profile:
Taksheel Solutions Limited is IT company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. The Company is headquartered in Hyderabad, and provides professional IT services to global clients. Taksheel offers Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

Taksheel focuses vitally on business sectors such as Finance, Information Technology, and Telecom. Entire offering supports customization and flexibility to customer’s requirement and provides extensive support with pre-defined SLA’s

According to the company's website the following are some of the services that Taksheel Solutions has on offer:

Wealth Management: Wealth management to financial institutions offerings such as Asset and Investment managers, Brokerage houses, Insurance, Hedge funds, Trusts and Family Offices.

Telecom: Enterprise IP telephony Solutions, Carrier Switching & Billing Solutions, Contact Center Solutions, IVRS, SMSC, Voice & Video Conference solutions, Chat platforms, Content Delivery Platforms, Closed Private GSM network (CPMN) and more.

Information Technology: Enterprise Network Implementation(LAN,WAN,MAN), OS migration to open source, Software Development, Application customization, Managed IT services (Desktop,Server,Network,NOCsupport) Server Implementation & Support(Windows,Unix,Sun,Linux),Data Storage Network(SAN,NAS),Network & Data Security Solutions, Network Monitoring System, NOC support Systems, Data center and Disaster recovery center implementation, CRM solution


IPO Grading: The Issue has been graded by Credit Analysis & Research Ltd (CARE) and CARE has assigned a ‘CARE IPO Grade 2’ [Grade Two] indicates “Below average fundamentals”. The IPO Grading is assigned on a 5 point scale from 1 to 5 with an ‘IPO Grade 5’ indicating strong fundamentals and an ‘IPO Grade 1’ indicating poor fundamentals


Click here to download complete grading report


Analysis of Financial Information:
The following is the Balance Sheet and Profit and Loss A/c. of the company as per the Red Herring Prospectus filed by the company:



The Balance Sheet shows Reserves and Surplus figure at around Rs.74.25 Crores, which is comforting to look at as a percentage of Total Shareholders' funds, especially after looking at Balance Sheets of some of the recent IPOs where there is serious crunch in this area.

A spurt both in the topline as well as the Net Profit can be seen in FY11 when compared to the rate of growth in both of these attributes in the earlier years. For the FY11, the company has reported a Total Income at around Rs.147.26 Crores and posted a PAT of around Rs.27.42 Crores, earning a Net Profit margin of around 18.62%. This is largely due to the fact that the company operates in SEZ and therefore the tax liability is NIL. However, it has to be noted that with effect from FY2012 onwards, this profit margin is not expected to be sustained since MAT @ 18.5% will be applicable to the company.

The Company has posted a PAT of Rs.27.42 Crores in FY11, with around 1.66 Crores shares outstanding, translating into an EPS of Rs.16.51 per share. At the upper end of the Price Band, the PE multiple would work out to be around 9 times the earning per share, which can be considered at the higher end considering that many listed peers are trading in single digit PE multiples


Concluding Remarks:
The company, unlike most others coming up with an Issue these days, does not look too bad fundamentally. However, it must be remembered that the high profitability is due to the tax holiday enjoyed by the company. Also, there are risks associated with its geographical presence in the United States where the IT sector is expected to face the adverse effects of the risk of global slowdown. The IPO may give some amount of listing gains. However, it is debatable whether the company would be a good addition to the portfolio for the long term

Swajas Air Charters Limited IPO - Subscription Status till Day 5, September 30, 2011 1700 hrs IST

October 01, 2011 0
Swajas Air Charters Limited IPO - Subscription Status till Day 5, September 30, 2011 1700 hrs IST

M and B Switchgears IPO - Bidding Status till Day 3, September 30, 2011 1700 hrs IST

October 01, 2011 0
M and B Switchgears IPO - Bidding Status till Day 3, September 30, 2011 1700 hrs IST

Taksheel Solutions IPO Subscription Status till Day 2, September 30, 2011 1700 hrs IST

October 01, 2011 0
Taksheel Solutions IPO Subscription Status till Day 2, September 30, 2011 1700 hrs IST

Flexituff International Ltd IPO - Subscription Status till Day 2, September 30, 2011 1700 hrs IST

October 01, 2011 0
Flexituff International Ltd IPO - Subscription Status till Day 2, September 30, 2011 1700 hrs IST

Indo Thai Securities IPO - Bidding Status on Day 1

October 01, 2011 0
Indo Thai Securities IPO - Bidding Status on Day 1

KPI Global (SME IPO) Details

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