September 2012 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Sunday, September 23, 2012

RCL Retail IPO opens from September 27, 2012

September 23, 2012 0
RCL Retail IPO opens from September 27, 2012
Chennai-based ready-to-eat food retailer RCL Retail is planning to enter capital market with a Public Issue of 57.95 Lakh Equity Shares on September 27, 2012. The issue comprised of promoter's contribution of 21.05 lakh shares and 6.15 lakh shares, which will be reserved for subscription by market makers. Net issue to the public is of 30.75 lakh shares. The issue will close on October 01, 2012.

RCL Retail is engaged in the business of trading of ready to eat snacks, fryums, bakery products, cookies, confectioneries, namkeens, chutneys, mouth-fresheners, juices, mobile food such as vada pav etc.

Stay tuned for more on RCL Retail IPO!

Saturday, September 22, 2012

Indian Bank may raise capital through FPO

September 22, 2012 0
Indian Bank may raise capital through FPO
Indian Bank may come out with a follow-on public offer (FPO) next fiscal if market conditions improve, a top official said. "We do not require capital immediately...we may go in for FPO in the next fiscal (2013-14)," the state-owned bank's Chairman and Managing Director T M Bhasin told PTI.

Talking about overseas expansion plan, Bhasin said the bank plans to open a branch in Hong Kong. The bank has already sought regulatory permissions for opening its office in Hong Kong.

Indian Bank has three foreign branches at Singapore and Colombo and Jaffna in Sri Lanka.

Friday, September 21, 2012

CRISIL: Higher IPO graded companies enjoy better valuation

September 21, 2012 0
CRISIL: Higher IPO graded companies enjoy better valuation
Companies with higher IPO grades command superior valuation driven by stronger fundamentals, a study by Crisil shows.

"For the period under review (May 2007 - June 2012), these companies weathered the business cycles (global meltdown in 2008-2009, followed by a slowdown during 2011-2012) better on the back of robust business fundamentals, superior management strength and good governance practices," it said.

Since all these parameters are taken into account in the IPO grading process, it said, this finding is a reflection of the effectiveness of the grading methodology.

Companies with an IPO grade of 5/5 (indicating strong fundamentals relative to other listed securities in India) enjoyed a higher P/B than companies with IPO grades of 1/5 and 2/5, respectively, it said.

Thursday, September 20, 2012

Government may sell stake in NTPC

September 20, 2012 0
Government may sell stake in NTPC
The Finance Ministry has proposed a 9.5% stake sale in NTPC, reports CNBC-TV18. There is a strong possibility that NTPC stake sale disinvestment may happen in tranches and sources add that this is very much part of the CCEA note. The route that has been identified for this disinvestment is the offer for sale.

NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company based in New Delhi, India. It is listed in Forbes Global 2000 for 2011 ranked it 348th in the world. It is an Indian public sector company listed on the Bombay Stock Exchange. With a current generating capacity of 39,174 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.

The company was founded on 7 November 1975. On May 21 2010, NTPCL was conferred Maharatna status by the Union Government of India.

Wednesday, September 19, 2012

Bharti Infratel may come up with IPO

September 19, 2012 0
Bharti Infratel may come up with IPO
Bharti Airtel's mobile phone tower unit Bharti Infratel Limited has filed a draft prospectus with the capital markets regulator for an Initial Public Offering that aims to raise nearly $1 billion

Bharti Infratel is a leading telecom passive infrastructures provider company in India. The issue constitutes a fresh issue of equity shares by Bharti Infratel and an offer for sale (OFS) portion by Compassvale Investments Pte Ltd, GS Strategic Investments Limited, Anadale Limited and Nomura Asia Investment (IB) Pte. Ltd," according to a release sent to exchanges.

Bharti Airtel said the committee of directors of the company has decided not to participate in the offer for sale of equity shares in the proposed issue of its subsidiary.

GB Tools files IPO docs with SEBI

September 19, 2012 0
GB Tools files IPO docs with SEBI
G B Tools & Forgings has filed documents with market regulator Sebi to raise about Rs.40 crore through the initial public offering (IPO) route.

The company engaged in the business of manufacturing and export of drop forge hand tools and allied forging products. The company said proceeds of the issue would be used for expansion and modernisation of its existing hand tool manufacturing facility at Jalandhar that needs Rs 32.17 crore funds, and general corporate purpose. It also proposes to consider a pre-IPO placement of up to Rs 10 crore with certain investors.

Check back Indian IPO Blog for more on G B Tools & Forgings IPO!

Rastriya Ispat Nigam IPO to hit the streets soon

September 19, 2012 0
Rastriya Ispat Nigam IPO to hit the streets soon
The Initial Public Offering (IPO) of Rashtriya Ispat Nigam (RINL) is likely to hit the market in third week of October, most probably on October 16. The issue price would be finalised at a meeting of the Empowered Group of Ministers (EGoM), likely on October 8, and be made public the next day

Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, is an Indian government-owned steel producer. Based in Visakhapatnam, RINL has been awarded the Navaratna status, with accompanying autonomy of operations, due to its strong financial performance.

Stay tuned for more on Rashtriya Ispat Nigam Limited (RINL) IPO!

Anshu's Clothing Limited IPO Details

September 19, 2012 0
Anshu's Clothing Limited IPO Details
Issue Size: 1,872,000 Equity Shares of Rs. 10
Issue Opens on: September 26, 2012
Issue Closes on: September 28, 2012
Issue Type: Fixed Price Issue IPO
Issue Price: Rs. 27 Per Equity Share
Listing At: BSE SME

Tuesday, September 11, 2012

SRG Housing Finance closes listing day in green

September 11, 2012 0
SRG Housing Finance closes listing day in green
Shares of SRG Housing Finance rose 1.5% to close at Rs 20.30 on listing day after hitting an intraday high of Rs.20.35 on the BSE SME platform.

SRG Housing Finance is primarily engaged in the business of providing housing finance for home ownership. The company raised Rs 7 crore through the issue of 35.04 lakh equity shares of face value of Rs.10 each, which was open for subscription during August 22-28

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