November 2012 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Friday, November 30, 2012

CARE IPO Price Band Announced

November 30, 2012 1
CARE IPO Price Band Announced
The Price Band for the IPO of CARE has been announced at Rs.700/- to Rs.750/- per equity share. Credit Analysis & Research Ltd (CARE) is the second largest full service credit rating company in India.

CARE offers rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others. They also provide general and customized industry research reports.

CARE IPO would remain open for subscription between December 7, 2012 and December 11, 2012. CARE Ratings has completed more than 19000 rating assignments and is the leading credit rating agency in India for IPO grading having graded the largest number of IPOs since the introduction of IPO grading in India.

Thursday, November 29, 2012

Upcoming IPOs in December 2012

November 29, 2012 0
Upcoming IPOs in December 2012
The primary markets in India are expected to get a perk up and kick-start again with some of most anticipated names expected to enter the capital markets in December 2012. Here's a look at some of the IPOs expected to hit the streets in coming month:

1. Veto Switchgears IPO
The company is a manufacturer and seller of wires, cables and electrical accessories, has a diversified product basket, which includes around 20 product categories. The IPO would be open for subscription between December 3, 2012 and December 5, 2012. The price band would be Rs.48/- to Rs.50/- per equity share

2. CARE IPO
Credit Analysis & Research Ltd (CARE) is a second largest full service credit rating company in India. The company offers rating and grading services across a diverse range of instruments and industries including IPO grading, equity grading, and grading of various types of enterprises, including shipyards, maritime training institutes, construction companies and rating of real estate projects, among others. The IPO would be open for subscription between December 7, 2012 and December 11, 2012

3. Bharti Infratel IPO
Bharti Infratel Limited, one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates, is a provider of tower and related infrastructure. Bharti Infratel deploys, owns and manages telecom towers and communication structures for all wireless operators. The IPO would be open for subscription between December 10, 2012 and December 14, 2012

4. PC Jewellers IPO
PC Jeweller Ltd is an established jewellery retailer in North India. Company's operations include the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. The Delhi-based jeweler currently has 20 stores, the brand has many showrooms in 8 states of India. The IPO would be open for subscription between December 10, 2012 and December 12, 2012

Sunday, November 25, 2012

Tara Jewels IPO finally subscribed 2 times

November 25, 2012 0
Tara Jewels IPO finally subscribed 2 times
The IPO of jewellery manufacturer Tara Jewels Limited, which closed for subscription on Friday, November 23, 2012, was finally subscribed 1.98 times on an overall basis

The IPO got subscriptions in various categories as under:
QIB: 1.49 times
HNI: 3.10 times
Retail: 2.05 times
Employees: 0.14 times
Overall: 1.98 times

Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. For the year ended 31-3-2012, the company had a PAT of Rs.52.37 Crores as against a topline of Rs.1,281.43 Crores. Check back Indian IPO Blog for more on Tara Jewels IPO! 

Wednesday, November 21, 2012

Tara Jewels gets response from only Retail Investors on opening day

November 21, 2012 0
Tara Jewels gets response from only Retail Investors on opening day
Tara Jewels IPO, which opened for subscription today, has received response from only the retail individual investors with the issue getting subscribed 0.04 times or 5% on an overall basis on the opening day

The IPO under which equity shares are offered in a price band of Rs.225/- to Rs.230/- an equity share, has been rated with an IPO Grade 3/5 by credit rating agency CARE. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

The issue remained unsubscribed in QIB, HNI and Employees categories on the opening day. The IPO would remain open for subscription till Friday, November 23, 2012

Tara Jewels IPO opens for subscription today

November 21, 2012 0
Tara Jewels IPO opens for subscription today
The IPO of Tara Jewels is set to hit the capital market today from Wednesday, November 21, 2012. The Equity shares under the IPO would be offered with a price band of Rs.225/- to Rs.230/- per equity share

Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery. Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees

CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

The details of the IPO are as under:

Tara Jewels IPO Details:
Issue Size: 7,977,778 Equity Shares of Rs. 10 each
Issue opens on: Nov 21, 2012
Issue closes on: Nov 23, 2012
Price Band: Rs.225/- to Rs.230/- per equity share
Bid Lot: 50 Equity Shares and in multiple shares
Listing At: BSE, NSE

Sunday, November 18, 2012

Tara Jewels IPO Details

November 18, 2012 0
Tara Jewels IPO Details
Issue Size: 7,977,778 Equity Shares of Rs. 10 each

Issue opens on: Nov 21, 2012
Issue closes on: Nov 23, 2012
Price Band: Rs.225/- to Rs.230/- per equity share
Bid Lot: 50 Equity Shares and in multiple shares
Listing At: BSE, NSE

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