August 2016 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Tuesday, August 30, 2016

RBL Bank Limited Listing on August 31

August 30, 2016 0
RBL Bank Limited Listing on August 31
RBL Bank Limited will list its equity shares offered under the IPO with effect from Wednesday, August 31, 2016. RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.

RBL Bank IPO was open for subscription between Aug 19, 2016 and Aug 23, 2016 and had received a spectacular response from the investors with the IPO getting subscribed 69.62 times on an overall basis. The retail portion was subscribed 5.70 times

The Issue Price for the IPO was fixed at Rs.225/- per equity share. The shares are expected to be listed above Rs.275/- a piece with volatility expected as the days goes on

Check back here for more on RBL Bank maiden trades and listing

L&T Technology Services IPO gets SEBI clearance

August 30, 2016 0
L&T Technology Services IPO gets SEBI clearance
L&T Technology Services, an arm of engineering giant Larsen and Toubro   (L&T), has received the approval of capital markets regulator SEBI to come up with an IPO. According to sources, the IPO size of L&T Technology Services is estimated to be Rs 750-1,000 crore.

According to company website, L&T Technology Services delivers a range of technologies, services & solutions across transportation, industrial products, telecom and hi-tech, process industry, and medical devices through Imagineering, Engineering & Adjacent Engineering. The company have more than 8,000 engineers from nine nationalities serving over 200 customers, including more than 50 Fortune 500 customers.

As per the company, it leverages the strengths of parent company, Larsen & Toubro, a leading Indian conglomerate in technology, engineering, construction, manufacturing and finance, which has provided us with a broad engineering and design heritage

Stay tuned for more info on L&T Technology Services Limited IPO

RBL Bank Issue Price

August 30, 2016 0
RBL Bank Issue Price
RBL Bank has fixed the issue price for the shares offered under the recently concluded IPO at Rs.225/- per equity share. The issue price is fixed at the upper end of the price band which was in a rather unusually narrow range of Rs.224/- to Rs.225/- per equity share

Kolhapur-headquartered RBL Bank is going to list its equity shares on exchanges on August 31 after overwhelming response to the issue closed last week. RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.

Monday, August 29, 2016

RBL Bank IPO Allotment status declared

August 29, 2016 0
RBL Bank IPO Allotment status declared

RBL Bank IPO Allotment Status

August 29, 2016 0
RBL Bank IPO Allotment Status
The allotment status for the recently concluded IPO of RBL Bank Limited announced today RBL Bank IPO was open for subscription between Aug 19, 2016 and Aug 23, 2013

The IPO which saw oversubscription to the tune of 69.62 times on an overall basis, was subscribed around 5.70 times in the Retail category

RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers and retail customers. The shares under the IPO were offered in a price band of Rs.224/- to Rs.225/- per equity share

Click here to view RBL Bank IPO Allotment status

Madhya Bharat Agro Products IPO opens for subscription

August 29, 2016 0
Madhya Bharat Agro Products IPO opens for subscription
Madhya Bharat Agro Products will launch an initial public offer (IPO) which would open for subscription from today, August 29, 2016. The IPO is a fixed price IPO, which would remain open for subscription till September 2, 2016

The company will issue over 57.90 lakh equity shares at the issue price of Rs.24/- per equity share. As against a 100% book building IPO, there is no price band in a fixed priced IPO

According the company website, Madhya Bharat Agro products Ltd. (MBAPL) is one of the major private sector fertilizer manufacturer. MBAPL is dealing in manufacturing of BRP with installed production capacity of 99000 TPA (Licensed capacity -99000 TPA), SSP with installed capacity of 180000 TPY (Licensed capacity 240000 TPY) and Sulphuric Acid with installed capacity of 36000 TPY (having licensed capacity is 99000 TPY). Further the New Project GSSP (having licensed capacity is 180000 TPY) is underway making it completely integrated state of art manufacturing facility.

Sunday, August 28, 2016

Vodafone IPO delayed

August 28, 2016 0
Vodafone IPO delayed
The IPO of Vodafone Group PLC's Indian unit is expected to be delayed now. The filing, previously expected in September or October, is being delayed because apparently Vodafone wants to wait for new rival Reliance Industries to launch its telecoms services, IFR, a Thomson Reuters publication, cited a source as saying.

Vodafone Group PLC is a British multinational telecommunications company, with headquarters in London. Among mobile operator groups globally, Vodafone ranked fifth by revenue and second (behind China Mobile) in the number of connections (435.9 million) as of 2014

Vodafone owns and operates networks in 26 countries and has partner networks in over 50 additional countries.Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries

Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £89.1 billion as of 6 July 2012, the third-largest of any company listed on the London Stock Exchange. It has a secondary listing on NASDAQ

Tuesday, August 23, 2016

RBL Bank IPO oversubscribed 69.5 times, retail subscription at 5.5 times

August 23, 2016 0
RBL Bank IPO oversubscribed 69.5 times, retail subscription at 5.5 times
RBL Bank IPO, which was open from Aug 19, 2016, has been finally subscribed 69.51 times on an overall basis. The shares under the IPO were offered in a price band of Rs.224/- to Rs.225/- per equity share with a bid lot of 65 equity shares and in multiples thereof

The IPO was oversubscribed to the tune of 85.08 times in the QIB category and as much as a staggering 198.06 times in the category of Non Institutional Investors / HNI. The subscription received in the retail category was however, contained at 5.5 times. It is believed that this may leave some more money on the table for the retail investors when the shares list on the exchanges

RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores. RBL Bank bought a part of the Indian business of the Royal Bank of Scotland (RBS), India in 2013. The deal included business of banking and credit cards and the mortgage portfolio, leading to 1.2 lakh customers of RBS, moving to RBL

The IPO is expected to be listed on the exchanges within 10-15 days. Check back this space for news on RBL Bank IPO Allotment Status and listing of shares of RBL Bank

RBL Bank IPO | RBL Bank IPO Final Subscription Status

August 23, 2016 0
RBL Bank IPO | RBL Bank IPO Final Subscription Status

Monday, August 22, 2016

RBL Bank IPO closes tomorrow, subscribed 3.08 times till Day 2

August 22, 2016 0
RBL Bank IPO closes tomorrow, subscribed 3.08 times till Day 2
The IPO of RBL Bank which opened for subscription from Aug 19, 2016 has been subscribed 3.08 times overall. The subscription seen in the retail category was 3.26 times

RBL Bank IPO closes for subscription tomorrow on Aug 23, 2016. The shares are offered in a narrow price band of Rs.224/- to Rs.225/- per equity share with a bidding lot of 65 equity shares and in multiples thereof

RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion customers.

The IPO has received subscription to the tune of 4.28 times from the QIB category and 1.08 times from the HNI or Non Institutional Investors category till now

RBL Bank IPO Subscription Status till Aug 22, 2018

August 22, 2016 0
RBL Bank IPO Subscription Status till Aug 22, 2018

Saturday, August 20, 2016

Who is Urjit Patel? Meet the new RBI Governor

August 20, 2016 0
Who is Urjit Patel? Meet the new RBI Governor


Urjit Patel (aged 52 years) recently appointed as the new Governor of Reserve Bank of India, is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India and most recently appointed as the Governor of Reserve Bank of India. As Deputy Governor of RBI, Patel currently looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. On 20 August 2016, he was appointed as the governor of Reserve Bank Of India to succeed Raghuram Rajan when his term expires on September 2016

Patel obtained his BA from the London School of Economics [LSE, University of London], M. Phil. degree from Oxford University in 1986. He received his doctorate in Economics from Yale University in 1990. He was at IMF India desk during the 1991-1994 transition period. He was posted to IMF country mission in India 1992-1995. He has also been a non-resident Senior Fellow at the Brookings Institution since 2009.

Some of the key positions held by Patel are
  • Advisor, Boston Consulting Group (Till 2013)
  • President, Reliance Industries Limited- 2015
  • Executive Director, Infrastructure Development Finance Company (1997-2006)
  • Member, Integrated Energy Policy Committee, Government of India (2004-2006)
  • Non-Executive Director, Gujarat State Petroleum Corporation Limited
  • Non-Executive Director, Multi Commodity Exchange of India Limited
  • Deputy Governor, Reserve Bank of India
  • Governor, Reserve Bank of India (From 4th September, 2016)

Urjit Patel becomes RBI Governor

August 20, 2016 0
Urjit Patel becomes RBI Governor
Urjit Patel has been appointed as the 24th Governor of the Reserve Bank of India (RBI). Urjit Patel, aged 52 years, is an Indian economist, consultant and banker, currently serving as Deputy Governor of the Reserve Bank of India. As Deputy Governor of RBI, Patel looks after Monetary Policy, Economic Policy Research, Statistics and Information Management, Deposit Insurance, Communication and Right to Information. Urjit holds an M.Phil degree from Oxford University and was also associated with Boston Consulting Group before his appointment as the deputy governor at RBI.

According to the press note released by the Government, “The appointment has been made based on the recommendation of the Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary P.K. Sinha. The Committee had met twice to discuss all the possible names that can be considered for this assignment and had submitted a short panel of names to the ACC (appointment committee of cabinet),”

Dr. Patel was part of the core team at the RBI and is likely to maintain continuity and follow polices adopted under Raghuram Rajan

RBL Bank IPO subscription status on Day 1

August 20, 2016 0
RBL Bank IPO subscription status on Day 1

Hindustan Petroleum Corporation (HPCL) to issue bonus in the ratio of 2:1

August 20, 2016 0
Hindustan Petroleum Corporation (HPCL) to issue bonus in the ratio of 2:1
Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Board of Directors of the company at its meeting held on July 20, 2016, had considered and recommended capitalisation of reserves and issue of fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each

The company goes ex-bonus on Sep 14, 2016 and the record date for the issue was Sep 15, 2016

Friday, August 19, 2016

Dividend announcements: Record date: August 29, 2016

August 19, 2016 0
Dividend announcements: Record date: August 29, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 29, 2016 are as under:

Dividends: Record Date: Aug 29, 2016

- JK Lakshmi Cements: Rs.0.25
- M M Forgings: Rs.5.00
- Bayer Cropscience: Rs.17.00

Dividend announcements: Record date: August 26, 2016

August 19, 2016 0
Dividend announcements: Record date: August 26, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 26, 2016 are as under:

Dividends: Record Date: Aug 26, 2016

- Finolex Cables: 2.00
- Finolex Cables (Special Dividend): Rs.0.50

Thursday, August 18, 2016

Dividend announcements: Record date: August 25, 2016

August 18, 2016 0
Dividend announcements: Record date: August 25, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 25, 2016 are as under:

Dividends: Record Date: Aug 25, 2016

- Shri Dinesh Mills: Rs.1.50
- Vimta Labs: Rs.1.00
- Jay Bharat Maruti: Rs.2.00
- JK Tyre: Rs.2.50
- JBM Auto: Rs.1.75
- Ushdev International: Rs.1.00
- Creative Castings: Rs.3.00
- GNFC: Rs.2.00
- GPT Infraprojects: Rs.1.00
- Sterlite Tech: Rs.1.00
- International Travel House: Rs.4.25
- Mayur Uniquoter: Rs.0.25
- Indian Card Clothing: Rs.10.00

Nava Bharat Ventures to issue bonus shares

August 18, 2016 0
Nava Bharat Ventures to issue bonus shares
Nava Bharat Ventures has announced issue of bonus shares in the ratio of 1:1. Thus, one bonus share would be issued for every one share held in the company

The record date for the issue is Sep 3, 2016 and the company goes ex-bonus on Sep 1, 2016. The 52 week low and high for the company are Rs.128 (12-2-2016) and Rs.269.60 (22-7-2016). Nava Bharat Ventures Limited (NBV) is a diversified organization with interests in power generation, ferro alloys, mining and agri-business

Wednesday, August 17, 2016

Dividend announcements: Record date: August 24, 2016

August 17, 2016 0
Dividend announcements: Record date: August 24, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 24, 2016 are as under:

Dividends: Record Date: Aug 24, 2016

- Jubilant Food: Rs.2.50
- Thomas Cook: Rs.0.38
- Kanoria Chemicals: Rs.1.50
- Pidilite Industries: Rs.0.50

Tuesday, August 16, 2016

Dividend announcements: Record date: August 23, 2016

August 16, 2016 0
Dividend announcements: Record date: August 23, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 23, 2016 are as under:

Dividends: Record Date: Aug 23, 2016

- TV Today Network: Rs.1.75
- Mack Trading: Rs.0.50
- Jaysynth Dyes: Rs.0.30
- Competent Auto: Rs.1.00
- Balrampur Chini: Rs.3.50
- Goodyear India: Rs.12.00
- IG Petrochem: Rs.2.00
- Granules India: Rs.0.20

Monday, August 15, 2016

Dividend announcements: Record date: August 22, 2016

August 15, 2016 0
Dividend announcements: Record date: August 22, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 22, 2016 are as under:

Dividends: Record Date: Aug 22, 2016

- Manappuram Finance: Rs.0.50
- Shree Cements: Rs.16.00
- REC: Rs.5.10
- Gloster Ltd: Rs.3.00
- HB Portfolio: Rs.0.50
- Joonktollee Tea: Rs.1.00

RBL Bank IPO Details

August 15, 2016 0
RBL Bank IPO Details
Issue opens on: August 19, 2016
Issue closes on: August 23, 2016
Face Value: Rs 10/- Per Equity Share
Price Band: Rs. 224 - Rs. 225 Per Equity Share
Bid Lot: 65 share and in multiples thereof

Sunday, August 14, 2016

Indian IPO Blog is now IndianIPOBlog.in

August 14, 2016 0
Indian IPO Blog is now IndianIPOBlog.in
Hello everyone! We're back and back with a bang. At Indian IPO Blog, we could not imagine discontinuing our services to our readers. Hence, we have decided to bring back Indian IPO Blog and go the Indian way on this independence day with http://www.indianipoblog.in

This time we have much more to offer you besides IPO News. We plan to introduce the following additional features:


- Upcoming dividend announcements

- Details of Bonus / Stock splits and rights issues
- Trending news and views from the world of stock markets
- Discount coupon codes and best deals on online shopping

Your love and affection is the fuel that drives us to serve you better. We hope you'd like our new services and assure you of best services at all times!


Thank you for your support!


Team IndianIPOBlog.in

Rural Electrification Corporation (REC) Bonus Issue

August 14, 2016 0
Rural Electrification Corporation (REC) Bonus Issue
Rural Electrification Corporation (REC) Limited has decided to reward its investors with a bonus issue of equity shares to be offered in the ratio of 1:1 which implies that one bonus share would be awarded for every one held in the company

The company would go ex-bonus on Sep 28, 2016 and the record date for the bonus issue is Sep 29, 2016. The shares of REC have been trading in a monthly range of Rs.190.40 to Rs.233.40 and have touched Rs.152.50 (17-2-2016) as 52 week low and Rs.297.25 (5-10-2015) as 52-week high

Rural Electrification Corporation Limited (REC) is a leading public Infrastructure Finance Company in India’s power sector. The company finances and promotes rural electrification projects across India, operating through a network of 13 Project Offices and 5 Zonal Offices, headquartered in New Delhi. The company provides loans to Central/ State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers

Power Finance Corporation (PFC) to issue bonus shares

August 14, 2016 0
Power Finance Corporation (PFC) to issue bonus shares
Power Finance Corporation would be offering bonus shares and has fixed August 29, 2016 as the Record Date for the purpose of issue of Bonus shares

The ratio for bonus would be 1:1 which means the company would issue one equity share for every share held in the company. The company would go ex-bonus on August 26, 2016

The stock has been trading in a 52 week range of Rs.140.40 (Feb 17, 2016) to Rs.256.60 (Nov 4, 2015). The company has posted a net profit of Rs.6113 crores for FY16 ending

Dividend announcements: Record date: August 19, 2016

August 14, 2016 0
Dividend announcements: Record date: August 19, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 19, 2016 are as under:

Dividends: Record Date: Aug 19, 2016

- India Cements: Rs.1.00
- Future Lifestyle: Rs.0.40
- Shree Ajit Pulp: Rs.0.75
- Somany Ceramics: Rs.2.30
- Future Retail: Rs.0.10
- Priya Ltd: Rs.1.00
- Natco Pharma: Rs.0.75
- Future Retail: Rs.0.10

Dividend announcements: Record date: August 18, 2016

August 14, 2016 0
Dividend announcements: Record date: August 18, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 18, 2016 are as under:

Dividends: Record Date: Aug 18, 2016

- Hind Aluminium: Rs.1.60
- Jubilant Life: Rs.3.00
- CARE: Rs.6.00
- Hinduja Global: Rs.2.50
- BEL: Rs.14.50
- Trident: Rs.0.60
- Triveni Turbine: Rs.0.45
- Take Solutions: Rs.0.40
- Banswara Syntex: Rs.2.00
- Larsen & Toubro: Rs.18.25
- Lloyd Electric: Rs.1.30
- Srikalahasthi Pipes Limited: Rs.5.00
- West Coast Paper: Rs.1.00
- Gujarat Ind: Rs.2.70
- Indraprastha Med: Rs.1.80
- Linc Pen Plast: Rs.3.00
- Fedders Lloyd: Rs.0.75
- Ajmera Realty: Rs.0.80
- Joindre Capital: Rs.0.60
- Kovai Medical: Rs.1.50

Dividend announcements: Record date: August 16, 2016

August 14, 2016 0
Dividend announcements: Record date: August 16, 2016
This section lists down upcoming dividends declared by companies listed on NSE and BSE. Dividends with ex dividend date of Aug 16, 2016 are as under:

Dividends: Record Date: Aug 16, 2016

- Ind-Agiv Comm: Rs.0.80
- Vinyl Chemicals: Rs.1.50
- Vipul Dye-Chem: Rs.0.80
- SRF: Rs.6.00
- Natural Capsule: Rs.1.50
- Ludlow Jute: Rs.1.50
- AdityaBirlaNuvo: Rs.5.00
- KPR Mill: Rs.1.00

RBL Bank IPO opens on August 19

August 14, 2016 0
RBL Bank IPO opens on August 19
RBL Bank (earlier known as Ratnakar Bank) is coming up with an IPO of equity shares which opens for subscription from August 19, 2016. The IPO would consist of fresh issue of equity shares by the bank aggregating up to Rs 832.5 crore and an OFS up to 16,909,628 equity shares

RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores. It offers a range of banking products and services categorized largely in 5 verticals - Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets

As of March 2016, RBL Bank has grown to a network of 193 branches and 362 ATMsacross 13 Indian states and Union Territories. In 2014, the bank announced its plan to issue an IPO

The IPO is proposed in a price band of Rs.224 to Rs.225 per equity share. The company has pre-IPO placement of 2.5 crore equity shares to few investors at a price of Rs 195 per share

Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets India and Morgan Stanley India are leading book running lead managers. Other book running lead managers include HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets

RBL Bank IPO Price Band and Bid Lot

August 14, 2016 0
RBL Bank IPO Price Band and Bid Lot
The price band for upcoming IPO of RBL Bank is fixed at Rs.224/- to Rs.225/- per equity share. The gap between lower end of price band and its upper end is rather unusual at Re.1/- only. The bid lot would therefore be 65 equity shares and in multiples thereof

RBL Bank (earlier known as Ratnakar Bank) is coming up with an IPO of equity shares which opens for subscription from August 19, 2016. The IPO would be open for subscription till August 23, 2016

RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014.

Neogen Chemicals IPO subscription status on Day 2

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