February 2012 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Sunday, February 26, 2012

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February 26, 2012 0
Get Free SMS Alerts from Indian IPO Blog
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Tribhovandas Bhimji Zaveri (TBZ) IPO gets IPO Grade 3

February 26, 2012 0
Tribhovandas Bhimji Zaveri (TBZ) IPO gets IPO Grade 3
CRISIL Research has assigned a grade of 3/5 to the proposed IPO of Tribhovandas Bhimji Zaveri Ltd (TBZ). This grade indicates that the fundamentals of the IPO are average relative to other listed equity securities in India. CRISIL assigns IPO grades 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

However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor

Friday, February 24, 2012

MCX IPO receives stunning response

February 24, 2012 0
MCX IPO receives stunning response
MCX IPO, which has opened for subscription from February 22, 2012, has received an excellent response with the IPO getting subscribed 54.10 times on an overall basis as per data gathered from the websites of NSE and BSE till about 8:30PM on Friday, February 24, 2012.

The Retail Category has received stunning response with atleast 24 times oversubscription, while the HNI category is oversubscribed by a jaw-breaking 150 times. More crucial is the QIB subscription figure which is roughly close to 49 times.

Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India. Indian IPO Blog Insights had recommended applying to the IPO in full force considering the fundamentals of the company as well as past performance


Click here to view detailed insight on MCX IPO from Indian IPO Blog Insights
Click here for all posts on MCX IPO

Thursday, February 23, 2012

Lot sizes for SME IPOs

February 23, 2012 0
Lot sizes for SME IPOs
The market watchdog SEBI has announced the lot sizes for SME IPOs. Recently, BCB Finance Ltd. has come up with a Fixed Priced Issue which is the first IPO in the BSE SME category 

According to the announcement, Companies in the SME sector entering the capital markets will be prescribed 'lot sizes' for shares in an initial public offering. In a circular released on Tuesday, the capital market regulator SEBI mandated specific lot sizes for IPOs in different price bands. For a price band of up to Rs.14, the lot size would be 10,000 shares. For a band of Rs 14-18, the lot size has been fixed at 8,000 shares. As the value of the price band progressively increases from Rs.14 to above Rs.1000, the number of shares in the lot size decreases from 10,000 shares to 100 shares

MCX IPO - Bidding Status as on Day 2

February 23, 2012 0
MCX IPO - Bidding Status as on Day 2

Wednesday, February 22, 2012

BCB Finance IPO Details

February 22, 2012 0
BCB Finance IPO Details
Issue Size: 3,540,000 Equity Shares of Rs.10/- each
Issue opens on: February 23, 2012
Issue closes on: February 27, 2012  
Issue Type: Fixed Price Issue IPO
Issue Price: Rs.25/- per equity share
Listing on: BSE only
Lead Manager: Aryaman Financial Services Limited
Registrar: Purva Sharegistry India Pvt. Ltd.

MCX IPO fully subscribed on opening day

February 22, 2012 0
MCX IPO fully subscribed on opening day
The Initial Public Offer (IPO) of Multi Commodity Exchange of India Ltd. (MCX) which opened for subscription since today on February 22, 2012, has been fully subscribed on its opening day itself.

The IPO has received bids upto 0.74 times in the QIB category and 0.16 times in the Non-Institutional Investors or the HNI category. The retail investors, meanwhile, have shown even more keenness itself with the subscription reaching 1.50 times in the category on the first day itself.

Considering the past past performance as well as financial position of the company, we've been maintaining our green signal to the IPO. Click here to read our complete analysis on MCX IPO from Indian IPO Blog Insights

MCX IPO - Bidding Status as on Day 1

February 22, 2012 0
MCX IPO - Bidding Status as on Day 1

MCX IPO - Analysis from Indian IPO Blog Insights

February 22, 2012 0
MCX IPO - Analysis from Indian IPO Blog Insights
Multi Commodity Exchange of India Ltd. (MCX), has entered the capital markets with an IPO of 6,427,378 Equity Shares of Rs.10/- each from today. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share. The IPO would close for subscription on February 24, 2012

Multi Commodity Exchange of India Ltd. (MCX) is the Indian electronic commodity futures exchange. The company is taking an entry in the markets with expectations from many of reviving the bleeding IPO market. Does it have what it takes? Let's try and find out in this Detailed Analysis on MCX IPO from Indian IPO Blog Insights

Check back Indian IPO Blog for latest subscription status updates on the MCX IPO!

MCX IPO opens for subscription from today

February 22, 2012 0
MCX IPO opens for subscription from today
Multi Commodity Exchange of India Ltd (MCX), an electronic commodity futures exchange, is coming up with an IPO of 6,427,378 Equity Shares of Rs.10/- each. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share

The IPO opens for subscription from tomorrow, February 22, 2012 and would close for subscription on February 24, 2012

CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, the company has 'Strong Fundamentals'. CRISIL 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

Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India


Click here to view detailed insight on MCX IPO
Click here for all posts on MCX IPO

Tuesday, February 21, 2012

MCX IPO - An Analysis and Insight

February 21, 2012 0
MCX IPO - An Analysis and Insight
Multi Commodity Exchange of India Ltd (MCX), the Indian electronic commodity futures exchange, is entering the capital markets with an Initial Public Offering (IPO) with a certain amount of bang around it and an expectation from many of reviving the bleeding IPO market. Does it have what it takes?

Let's try and find out in this Detailed Analysis on MCX IPO from Indian IPO Blog Insights

Monday, February 20, 2012

MCX IPO - Download Red Herring Prospectus (RHP)

February 20, 2012 0
MCX IPO - Download Red Herring Prospectus (RHP)
Multi-Commodity Exchange (MCX) is entering the capital markets with an IPO which would open for subscription from February 22, 2012. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share with a bid lot of 6 Equity Shares and in multiples thereof. The IPO would remain open for subscription till February 24, 2012

Click here to download the Draft Red Herring Prospectus (DRHP)
Click here to download the Red Herring Prospectus (RHP)

MCX IPO - Reference Table for Retail Investors

February 20, 2012 0
MCX IPO - Reference Table for Retail Investors
No. of sh. Price Amt (Rs.)
6 1032 6,192
12 1032 12,384
18 1032 18,576
24 1032 24,768
30 1032 30,960
36 1032 37,152
42 1032 43,344
48 1032 49,536
54 1032 55,728
60 1032 61,920
66 1032 68,112
72 1032 74,304
78 1032 80,496
84 1032 86,688
90 1032 92,880
96 1032 99,072
102 1032 105,264
108 1032 111,456
114 1032 117,648
120 1032 123,840
126 1032 130,032
132 1032 136,224
138 1032 142,416
144 1032 148,608
150 1032 154,800
156 1032 160,992
162 1032 167,184
168 1032 173,376
174 1032 179,568
180 1032 185,760
186 1032 191,952
192 1032 198,144

Multi Commodity Exchange (MCX) IPO Details

February 20, 2012 0
Multi Commodity Exchange (MCX) IPO Details
Issue opens on: Wednesday, February 22, 2012
Issue closes on: Friday, February 24, 2012
Issue Size: 6,427,378 Equity Shares of Rs.10/- each
Price Band: Rs.860/- to Rs.1032/- Per Equity Share
Bid Lot: 6 Equity Shares and in multiples thereof
Lead Manager: Citigroup Global Markets India Private Limited, Edelweiss Capital Limited, Morgan Stanley India Company Pvt Ltd
Registrar: Karvy Computershare Private Limited

MCX IPO - CRISIL Rating

February 20, 2012 0
MCX IPO - CRISIL Rating
CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, the company has 'Strong Fundamentals'. CRISIL 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

Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India.

Earlier, CRISIL Research had undertaken a fresh grading exercise for MCX as the grade assigned to the company on June 15, 2011 had expired and has reaffirmed grade 5/5 to the proposed initial public offer (IPO) of Multi Commodity Exchange of India (MCX)

This grade indicates that the fundamentals of the IPO are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor

MCX IPO Bid Lot and Minimum Application Size

February 20, 2012 0
MCX IPO Bid Lot and Minimum Application Size
The bid lot or the minimum application lot for the upcoming IPO of Multi-Commodity Exchange (MCX) is 6 Equity Shares and in multiples thereof. The Price Band for the highly talked about IPO is fixed at Rs.860/- to Rs.1,032/- per equity share, having a Face Value of Rs.10/- each

Correspondingly, the minimum application size would be of Rs.5,160/- at the lower end of the Price Band and Rs.6,192/- at the upper end of the Price Band

Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India

The IPO opens for subscription from Wednesday, February 22, 2012 and is scheduled to close for subscription on Friday, February 24, 2012

Thursday, February 16, 2012

MCX IPO Price Band announced

February 16, 2012 0
MCX IPO Price Band announced
The Price Band for the high profile IPO of MCX has been announced. The shares will be offered within a price band of Rs.862/- to Rs.1,032/- per equity share. Multi Commodity Exchange of India (MCX), the country's largest commodity exchange, will open its initial public offering (IPO) of 64.27 lakh equity shares for subscription from February 22, 2012

The Book Running Lead Managers for the issue are Edelweiss Financial Services Limited, Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited. Karvy Computershare Private Limited is the Registrar to the Issue

Check back Indian IPO Blog for detailed insight on MCX IPO!

MCX IPO opens from February 22, 2012

February 16, 2012 0
MCX IPO opens from February 22, 2012
The Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, is coming up with an IPO of Equity Shares which would open for subscription from February 22, 2012. The IPO would remain open for subscription till February 24, 2012. The public issue will comprise sale of about 64.27 lakh shares, accounting for a 12.6 per cent stake in the company

The company will become the first Indian bourse to list its shares on an exchange. "This will be a trend-setter for other exchanges, especially stock exchanges to follow," said Jignesh Shah, vice-chairman of MCX.

MCX IPO has been rated with an IPO Grade 5/5 by CRISIL.This grade indicates that the fundamentals of the IPO are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor

Sunday, February 12, 2012

NBCC files DRHP for IPO

February 12, 2012 0
NBCC files DRHP for IPO
State-run National Building Construction Corporation (NBCC) has said it will dilute 10 per cent stake through an Initial Public Offer. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI.

The offer comprises a net offer of 11,880,000 equity shares and includes a reservation of 1,20,000 equity shares for subscription by the eligible employees. NBCC has appointed IDBI Capital Market Services Ltd. and Enam Securities Pvt. Ltd. as the Book Running Lead Managers. The company currently functions under the Ministry of Urban Development and is the largest public sector construction company in India

Stay tuned for more on NBCC IPO!


Vodafone IPO under consideration

February 12, 2012 0
Vodafone IPO under consideration
Vodafone India, the local arm of global telecom major Vodafone PLC, is eyeing an Indian listing, said Analjit Singh, the non-executive chairman of the company.

"It is a thought under consideration," he said, while adding that a final decision is yet to be taken. "In the next three to six months, things will become clearer.'' he added


The Vodafone Group entered India in 2007, after buying out Hutchison's 67 per cent stake in its telecom venture with Essar for USD 11.2 billion. Stay tuned to Indian IPO Blog for more on Vodafone IPO!



Neogen Chemicals IPO subscription status on Day 2

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