2016 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Friday, December 30, 2016

BSE IPO Price Band

December 30, 2016 0
BSE IPO Price Band

Bombay Stock Exchange (BSE) is coming up with an IPO of equity shares.  The price band for the IPO is fixed at Rs.805 to Rs.806 per equity share

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Updates:

BSE IPO subscribed 49 percent on First day

Click link to view categorywise subscription... 

http://www.indianipoblog.in/2017/01/bse-ipo-bidding-subscription-status.html

Wednesday, December 28, 2016

NSE files DRHP for IPO with SEBI

December 28, 2016 0
NSE files DRHP for IPO with SEBI
The National Stock Exchange (NSE) today filed Draft Red Herring Prospectus (DRHP) with SEBI for its much-awaited IPO. The IPO is on the verge of becoming one of the biggest IPO in recent times. The deadline for filing the DRHP with SEBI was January 31, 2017

The estimated size of the IPO is a massive Rs.10,000 crores. The offer would constitute offloading around 20-25 percent by the existing shareholders. The key domestic investors include Life Insurance Corporation of India, State Bank of India, IFCI Limited IDFC Limited and Stock Holding Corporation of India Limited. And the key global investors are Gagil FDI Limited, GS Strategic Investments Limited, SAIF II SE Investments Mauritius Limited, Aranda Investments (Mauritius) PTE Limited and PI Opportunities Fund

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai.NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.

NSE was set up by a group of leading Indian financial institutions at the behest of the government of India to bring transparency to the Indian capital market. Based on the recommendations laid out by the government committee, NSE has been established with a diversified shareholding comprising domestic and global investors.

The dates of opening IPO and other details are not yet declared. Stay tuned to Indian IPO Blog for more on NSE IPO

Tuesday, December 27, 2016

Prolife Industries Limited SME IPO Details

December 27, 2016 0
Prolife Industries Limited SME IPO Details
IPO Size: 1,110,000 Equity Shares of Rs.10/- each
IPO opens from: Dec 27, 2016
IPO closes on: Dec 30, 2016 
Issue Type: Fixed Price Issue IPO 
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs.38 Per Equity Share 
Minimum Order Quantity / Bid Lot: 3000 Shares 
Listing on: NSE SME

Libas Designs SME IPO Details

December 27, 2016 0
Libas Designs SME IPO Details
IPO Size: 2,000,000 Equity Shares of Rs.10/- each 
IPO opens from: Dec 27, 2016
IPO closes on: Dec 30, 2016 
Issue Type: Fixed Price Issue IPO 
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs. 68 Per Equity Share 
Minimum Order Quantity / Bid Lot: 2000 Shares 
Listing on: NSE SME

Saturday, December 24, 2016

UTI Mutual Fund to come up with an IPO

December 24, 2016 0
UTI Mutual Fund to come up with an IPO
UTI Mutual Fund is planning to come up with IPO which may hit the markets during the year 2017.
The IPO will allow partial exit for SBI, LIC, BoB and PNB

The Managing Director of UTI Leo Puri told the reporters in an interview "We continue to believe IPO will happen in the second half of 2017. We are awaiting Government go-ahead. Once that is in, we'll appoint merchant bankers and seek SEBI nod,"

"We are yet to go in for valuation as it will be discovered by the market. But we are sure of our valuation topping USD 1 billion. But the exact valuation will be determined as we go to the market for price discovery," he said, adding the issue size will depend on our shareholders.

Asked whether the company has sought the Government permission, Puri answered in the affirmative saying, "It has been pending with the Government for a long now. But now I hope that it would be coming anytime now.", he further added

UTI MF was created after Parliament passed the Unit Trust of India (Transfer of Undertaking & Repeal) Act in 2002 after the flagship US 64 scheme went belly up. Post the Act, the then mighty UTI was bifurcated into Specified Undertaking of Unit Trust of India (SUUTI)

Monday, December 19, 2016

Laurus Labs lists at a premium of 14 percent

December 19, 2016 0
Laurus Labs lists at a premium of 14 percent

The equity shares of Laurus Labs listed at a premium over their issue price under the IPO.

The counter opened at Rs.489.90 on NSE, up around 14 percent over the issue price. On the BSE, the stock opened at Rs.490 and touched an intraday high of Rs.498

Stay tuned to Indian IPO Blog for Laurus Labs IPO Listing day summary

Sunday, December 18, 2016

Laurus Labs shares listing on Monday, Dec 19

December 18, 2016 0
Laurus Labs shares listing on Monday, Dec 19
Laurus Labs, a leading research and development driven pharmaceutical company in India, which came up with an IPO in India recently, would list its equity shares on the exchanges from Mon, Dec 19, 2016

The issue price for the IPO has been fixed at the upper end of the price band, i.e. at Rs.428 per equity share. The company has raised Rs 1,332 crores through initial public offering that was open for subscription during Dec 6 to Dec 8

The pharma player plans to utilise the net proceeds from the fresh issue towards pre-payment of loans and general corporate purposes. Stay tuned to Indian IPO Blog for live updates on Laurus Labs Listing

IPO Performance Tracker of IPOs in 2016: Dec 16, 2016

December 18, 2016 0
IPO Performance Tracker of IPOs in 2016: Dec 16, 2016
IPO performance tracker would present the current profit or loss on IPOs by comparing the current price of the stock as against the issue price during the IPO.

The tracker would be released on a weekly basis with latest price comparisons






Company
Listing Date
Issue Price
 Current Price
Profit/Loss (%)
Sheela Foam IPO
09-Dec-16
   730.00
    958.55
31.31%
Varun Beverages IPO
08-Nov-16
    445.00
     415.80
-6.56%
PNB Housing IPO
07-Nov-16
    775.00
     866.50
11.81%
Endurance Tech IPO
19-Oct-16
    472.00
     572.15
21.22%
HPL Electric IPO
04-Oct-16
    202.00
      99.75
-50.62%
ICICI PruLife IPO
29-Sep-16
    334.00
     310.10
-7.16%
GNA Axles IPO
26-Sep-16
    207.00
     188.75
-8.82%
L&T Technology IPO
23-Sep-16
    860.00
     796.75
-7.35%
RBL Bank IPO
31-Aug-16
    225.00
     352.45
56.64%
SP Apparels IPO
12-Aug-16
    268.00
     349.00
30.22%
Dilip Buildcon IPO
11-Aug-16
    219.00
     226.05
3.22%
Advanced Enzyme IPO
01-Aug-16
    896.00
  2,070.45
131.08%
L&T Infotech IPO
21-Jul-16
    710.00
     678.90
-4.38%
Quess Corp IPO
12-Jul-16
    317.00
     670.35
111.47%
Mahanagar Gas IPO
01-Jul-16
    421.00
     783.65
86.14%
Parag Milk Foods IPO
19-May-16
    215.00
     265.35
23.42%
Ujjivan Financial IPO
10-May-16
    210.00
     335.40
59.71%
Thyrocare Tech IPO
09-May-16
    446.00
     683.85
53.33%
Equitas Holdings IPO
21-Apr-16
    110.00
     154.95
40.86%
Infibeam Inc IPO
04-Apr-16
    432.00
  1,103.00
155.32%
Bharat Wire Ropes IPO
01-Apr-16
      45.00
       51.00
13.33%
Healthcare Global IPO
30-Mar-16
    218.00
     240.90
10.50%
Quick Heal Tech IPO
18-Feb-16
    321.00
     272.45
-15.12%
Teamlease Services IPO
12-Feb-16
    850.00
     891.75
4.91%
Precision Camshafts IPO
08-Feb-16
    186.00
     155.90
-16.18%
Narayana Hrudayalaya IPO
06-Jan-16
    250.00
     336.05
34.42%

Saturday, December 17, 2016

What are Non Convertible Debentures (NCDs)?

December 17, 2016 0
What are Non Convertible Debentures (NCDs)?
In order to understand what are Non convertible debentures, let's first have a look at what are Debentures. A Debenture is a debt instrument which offers a fixed rate of interest for a specified tenure. Government and private companies use debentures to borrow money.

Debentures are simply loans taken by the companies and do not provide the ownership in the company. Thus, where equity shareholders are considered owners of the company, debenture holders are merely lenders to company

Debentures are of two types Convertible and Non-Convertible. The convertible debentures are the ones that can be converted into equity shares at a later time. Non convertible debentures does not convert into equity shares thus can yield a higher interest rate.

An NCD can be Secured NCDs (i.e. backed by the security of company's assets) or Unsecured. Secured NCDs (without any such security)

Friday, December 16, 2016

How allotment of shares is done in an IPO to Retail Investors

December 16, 2016 0
How allotment of shares is done in an IPO to Retail Investors
In all IPOs,shares to be offered are majorly classified into three different categories: Qualified Institutional Investors, Non Institutional investors (HNIs) and Retail categories. Sometimes Employees and Shareholders categories are also defined

IPOs these days are often subscribed for more number of shares than those actually available on offer. Such a scenario is called oversubscription of an IPO. This is often observed in attractive IPOs which are expected to list at a premium to the issue price.

SEBI changed the method to allot shares in an IPO in 2012 and ever since there is a lot of curiosity amongst retail investors to understand how shares are allotted to Retail investors in case of an oversubsription in that category

So lets have a look at how allotment takes place in an IPO in case of Retail category being oversubscribed

The total number of APPLICATIONS received in the retail category is grouped together to determine the total demand in this category.

If the aggregate demand in this category is less than or equal to the retail portion at or above the offer price, full allotment is made

However, if demand in this category is greater than the allocation in the retail portion at or above the offer price, then the maximum number of INVESTORS who can be allotted the minimum bid lot will be computed by dividing the total number of equity shares available for allotment to retail investors by the minimum bid lot, this is known as Maximum Retail Individual Allottees

Let's take an example where IIB Ltd. IPO consists of shares worth Rs.1 Crore to be allotted in retail category and the minimum lot size is worth Rs.10,000.In such a case, maximum number of applicants (which by the way needs to ne mandatorily allotted shares worth Rs.10,000) would be only a maximum of 1000 applicants. This is so because SEBI says that no Investor will be allotted less than the minimum bid lot. In case of over subscription, allocation of shares lower than the minimum lot is not possible.

Hence, maximum number of retail investors eligible for allotment would be 1000. In case there is a small oversubscription then first the minimum lot is distributed among all participants and then the balance available equity shares in the retail portion shall be allotted proportionately to the Retail Investors who have bid for more than one minimum bid lot.

But in case the number of RIIs is more than Maximum Retail Individual Allottees as determined from above method, then the investors who will then be allotted minimum bid lot shall be determined on the basis of draw of lots.This draw of lots is a computerised process and computationally random

It can therefore be concluded that in case of retail oversubsription, it generally boils down to pure lottery system and also shares allotted are generally of minimum lot only



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Laurus Labs IPO Listing Date likely on Dec 19

December 16, 2016 0
Laurus Labs IPO Listing Date likely on Dec 19

The equity shares of Laurus Labs are likely to be listed on the exchanges effective from Mon, Dec 19, 2016. The shares would be listed on both BSE and NSE

The allotment of shares under the IPO was declared on Dec 15. Laurus Labs is in the business of manufacturing generic active pharmaceutical ingredients (APIs) for therapeutic areas of antiretrovirals (ARVs) and Hepatitis C. Company also manufacture APIs in oncology and other therapeutic areas.

IPO was subscribed 4.5 times on an overall basis with close to around 1.5 times subscription in the Retail category

Thursday, December 15, 2016

Nakshatra World planning an IPO of around Rs.650 Crores

December 15, 2016 0
Nakshatra World planning an IPO of around Rs.650 Crores
Gitanjali Gems Limited has made a statement that its unit Nakshatra World Ltd. will raise funds through an initial public offering (IPO). Nakshatra World Limited was known as Gitanjali Brands Ltd.

Gitanjali Gems told the exchanges that the company plans to raise about Rs.650 crores through the IPO although not much details were shared. The proposed IPO is subject to requisite approvals, market conditions and other relevant considerations, the company said.

The announcement was made after the closing hours of the market. Hence, not much movement was seen in the Gitanjali Gems Limited stock which fell by marginal 0.63% on the BSE to close at Rs.62.65

Gitanjali Group is one of the largest branded jewellery retailers in the world. It is headquartered in Mumbai, India Gitanjali sells its jewellery through over 4000 Points of Sale and enjoys a market share of over 50 per cent of the overall organised jewellery market in India. Prominent brands housed by the group are Nakshatra, D'damas, Gili, Asmi, Sangini, Maya, Giantti, World of Solitaire, Shuddhi, Diya to name a few

Gitanjali is engaged in the cutting and polishing diamonds as well as in jewellery manufacturing, branding and retailing. It exports its cut and polished diamonds, as well as its diamond and other jewellery products to various international markets such as the United States, Middle East, Japan, China, Hong Kong , Thailand and to markets in Europe such as Antwerp and Italy. The group remains a dominant player in the diamond and jewellery segments. It has also recently forayed into the retail and lifestyle space

Laurus Labs IPO Allotment status declared. Check your status now

December 15, 2016 0
Laurus Labs IPO Allotment status declared.  Check your status now

Laurus Labs IPO allotment status expected today

December 15, 2016 0
Laurus Labs IPO allotment status expected today

CDSL to come up with an IPO

December 15, 2016 0
CDSL to come up with an IPO
After BSE and NSE, now Central Depository Services Limited (CDSL) is planning to come up with an IPO. The issue would be entirely a stake sale by BSE and HDFC Bank and some other banks. BSE currently owns 50 per cent stake in CDSL and will dilute around 26 per cent in the IPO

Central Depository Services Limited (CDSL), is the second Indian central securities depository based in Mumbai. Its main function is the holding securities either in certificated or uncertificated (dematerialized) form, to enable book entry transfer of securities

CDSL is promoted by Bombay Stock Exchange Limited (BSE) jointly with State Bank of India, Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, Axis Bank and Union Bank of India. According to the Securities and Exchange Board of India's (Sebi's) regulations, no stock exchange can own more than 24 per cent stake in a MII. The deadline for BSE to bring down its holding in CDSL ends on March 31, 2017. Sources said CDSL is aiming to launch its IPO before the deadline.

Wednesday, December 14, 2016

National Stock Exchange (NSE) to file DHRP on Dec 20

December 14, 2016 0
National Stock Exchange (NSE) to file DHRP on Dec 20
National Stock Exchange (NSE) chairman Ashok Chawla said today on Wednesday, December 14, 2016 that the exchange plans to file a Draft Red Herring Prospectus (DRHP) with regulator by December 20 for its long-awaited initial public offering. "The process for filing the DRHP is absolutely on track," Chawla told ET Now in an interview

NSE’s offering would be the largest IPO in the country since Coal India Ltd.’s 2010 share sale, which raised 154.8 billion rupees, according to data compiled by Bloomberg

The National Stock Exchange of India Limited(NSE) is the leading stock exchange of India, located in Mumbai.NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.



Laurus Labs IPO Allotment Status

December 14, 2016 0
Laurus Labs IPO Allotment Status
Laurus Labs IPO Allotment status is expected to be declared in a couple of days. ASBA applicants may be able to make out the allotment status earlier based on their release of funds in the bank account

Laurus Labs had come up with an IPO of equity shares in a price band of Rs.426 to Rs.428 per equity share.  The issue price was fixed at the upper end of price band

The IPO was subscribed 4.53 times on an overall basis with retail category being subscribed at 1.58 times

Stay tuned to Indian IPO Blog for more on Laurus Labs IPO Allotment status

Update:

Laurus Labs IPO Allotment status declared. Check your status now

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price ...