February 2017 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Monday, February 27, 2017

RMC Switchgears SME IPO (RMC Switchgears IPO) Details

February 27, 2017 0
RMC Switchgears SME IPO (RMC Switchgears IPO) Details

IPO opens on: Feb 28, 2017
IPO closes on: Mar 3, 2017 
Issue Type: Fixed Price Issue IPO 
Issue Size: 1,536,000 Equity Shares
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs. 27 Per Equity Share 
Market Lot: 4000 Shares 
Minimum Order Quantity: 4000 Shares 
Listing At: BSE SME

Akash Infraprojects SME IPO Details

February 27, 2017 0
Akash Infraprojects SME IPO Details

IPO opens on: Feb 28, 2017
IPO closes on: Mar 6, 2017 
Issue Type: Fixed Price Issue IPO 
Issue Size: 2,040,000 Equity Shares
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs. 125 Per Equity Share 
Market Lot: 1000 Shares 
Minimum Order Quantity: 1000 Shares 
Listing At: NSE SME

Global Education SME IPO Allotment Status declared

February 27, 2017 0
Global Education SME IPO Allotment Status declared

Saturday, February 25, 2017

5 Upcoming IPOs to hit the streets soon

February 25, 2017 0
5 Upcoming IPOs to hit the streets soon
5 large IPO’s in pipeline in Upcoming Month

1) D-Mart / Avenue Supermart Ltd IPO
Dmart / Avenue supermart Ltd is Mumbai based retail chain / supermarket chain.
This is one of the largest and profitability FMCG companies in India. It would be astonishing size of Rs 18,000 Crores.The issue price is expected to be in between Rs.290 to Rs.299 per share.

Expected date of the issue is 8-Mar-17 and closure date is 10-Mar-17.Dmart IPO would get listed on BSE/NSE.Grey market price is between Rs 175 to Rs 178. Means people are betting such high number over and above the issue price.Its revenue is increased from Rs 6,457 Crores for FY15 to Rs  8,606 Crores for FY16.Its profits are increased from Rs 211 Crores for FY15 to Rs 321 Crores for FY16.


2) CDSL Limited IPO
CDSL Ltd is the subsidiary of BSE Ltd which provides security depository services in India. Its services includes such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.

The issue size is Rs 400 Crores.The issue price band is expected to be in between Rs.115 and Rs.135.

Expected date of the issue is 15-Mar-17 and closure date is 17-Mar-17.CDSL IPO would get listed on BSE/NSE.Grey market price is between Rs 20 to Rs 35. Means people are betting such number over and above the issue price.Its revenue is increased from Rs 105 Crores for FY15 to Rs  116 Crores for FY16.Its profits are increased from Rs 34.7 Crores for FY15 to Rs 63.3 Crores for FY16.


3) Continental Warehousing Corporation Limited IPO
It is a multi-model logistics company in India owning and operating cargo handling and storage facilities and providing express logistics and third-party logistics services.
The issue size is over Rs 418 Crores.Issue prices is yet to be known.Expected date of the issue is Rs 22-Mar-2017 and closure date is 24-Mar-217.It would get listed on BSE/NSE.Its revenue is decreased from Rs 737 Crores for FY15 to Rs 709 Crores for FY16.Its profits are decreased from Rs 54 Crores for FY15 to Rs 51 Crores for FY16.


4) NSE Limited IPO
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.

The issue size is Rs 10,000 Crores.The issue price is yet to be known as it is in the process of getting final clearances from SEBI.Expected date of the issue is in Mar-2017 / Apr-2017.
NSE IPO would get listed on BSE as it cannot get listed on its own exchange.Its revenue is increased from Rs 1,066 Crores for 9 months ended Dec-2015 to Rs 1,236 Crores for 9 months ended Dec-2016.Its standlone profits increased from Rs 694 Crores for 9 months ended Dec-2015 to Rs 771 Crores for 9 months ended Dec-2016.


5) Music Broadcast Limited IPO
FM Radio City parent Music Broad Cast has got SEBI approval recently for its IPO.
The issue size is Rs 540 Crores. Expected date of the issue is 6th -8th March. Music Broadcast IPO would get listed on BSE/NSE.Its revenue is increased from Rs 207 Crores for FY15 to Rs 245 Crores for FY16.Its profits are decreased from Rs 47 Crores for FY15 to Rs 42 Crores for FY16.


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Music Broadcast IPO (Radio City IPO) - Objects to the Issue

February 25, 2017 0
Music Broadcast IPO (Radio City IPO) - Objects to the Issue

Radio City FM's Music Broadcast IPO to open from March 6, 2017

February 25, 2017 0
Radio City FM's Music Broadcast IPO to open from March 6, 2017
Music Broadcast Ltd, a Jagran group firm that runs Radio City FM channel, will hit the capital markets on March 6 to raise more than Rs 400 crore through initial public offer. The IPO comprises fresh issue of equity shares up to Rs 400 crore and an offer for sale of up to 26.59 lakh equity scrips. It will close on March 8, Music Broadcast Ltd (MBL) said in a statement.

It had filed IPO papers with the Securities and Exchange Board of India (Sebi) in November last year and received 'observation' from it on February 9, which is necessary for a company to launch the public offer

Music Broadcast IPO – Schedule (Tentative)

03rd March 2017 – Anchor Investors
06th March 2017 – Offer Opens
08th March 2017 – Offer Closes
14th March 2017 - Finalisation of Basis of Allotment
15th March 2017 - Unblocking of ASBA
16th March 2017 - Credit to Demat Accounts
17th March 2017 – Listing on NSE & BSE

Music Broadcast IPO Details

February 25, 2017 0
Music Broadcast IPO Details

Music Broadcast IPO Tentative Details

Issue Opens on: 06 March 2017
Issue Closes on: 08 March 2017
Issue Type: Book Built Issue IPO
Issue Size: 14,670,530 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.324 – Rs.333 per Equity Share
Market Lot: 45 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 45,042,767 Equity Shares
Fresh Issue of 12,012,012 Equity Shares @333/- aggregating up to Rs.4,000 million
Offer for Sale of 2,658,518 Equity Shares @333/- aggregating up to Rs.885.3 million
Total Issue of 14,670,530 Equity Shares @333/- aggregating up to Rs.4885.3 million Equity Shares outstanding after the Issue = 57,054,779 Equity Shares

Category-wise Break up:
Anchor – 4,401,159 Shares = 146.56Crs.
Net QIB – 2,934,106 Shares = 97.71Crs
NII – 2,200,580 Shares = 73.28Crs
RII – 5,134,685 Shares (1,14,104 Forms) = 170.99Crs. (Lot size = 45)
Total Issue – 14,670,530 Equity Shares = 488.53Crs.

Avenue Supermarts IPO to open from March 8

February 25, 2017 0
Avenue Supermarts IPO to open from March 8

The IPO of Avenue Supermarts, which operates a retail chain under the D-Mart brand, is set to open on March 8, 2017

The issue is likely to be priced in the range Rs 290-299, said a banker to the issue. 

The company plans to sell shares worth Rs 1,800 crore in the IPO. This would be the second IPO of the year. In January, BSE raised about Rs 1240 crore. The IPO was subscribed 51 times 

D-Mart own chain of around 120 retail stores across 45 cities, most of them in Maharashtra and Karnataka. 

As of March 31, 2016, Avenue Supermarts posted a revenue of about Rs 8,600 crore, and a net profit of about Rs 320 crore. 

In the past four years, Avenue Supermarts grew revenue by 40% and net profit by 52% annually

Thursday, February 23, 2017

Music Broadcast IPO Dates Schedule

February 23, 2017 0
Music Broadcast IPO Dates Schedule

Music Broadcast IPO – Schedule (Tentative)

03rd March 2017 – Anchor Investors
06th March 2017 – Offer Opens
08th March 2017 – Offer Closes
14th March 2017 - Finalisation of Basis of Allotment
15th March 2017 - Unblocking of ASBA
16th March 2017 - Credit to Demat Accounts
17th March 2017 – Listing on NSE & BSE

Wednesday, February 22, 2017

How to apply to OFS - Back to Basics

February 22, 2017 0
How to apply to OFS - Back to Basics

Steps to apply to Offer for Sale (OFS) in India:

- You need to have a demat and trading account to apply to an OFS

- Once the OFS starts, you can participate in the process yourself using your online trading accounts such as ICICI Direct, Kotak Securities etc. by placing your bids under the IPO / OFS section of their respective broking websites

- You will be given application form number / confirmation reference for your application

Tuesday, February 21, 2017

Nitiraj Engineers IPO (SME IPO) - Objects to the issue

February 21, 2017 0
Nitiraj Engineers IPO (SME IPO) - Objects to the issue

The objects of the issue for Nitiraj Engineers IPO (SME IPO) are:

1. Development of new products;
2. Setting up manufacturing Unit for the existing and new range of products;
3. Expansion of Marketing Network and Brand building;
4. General Corporate Purposes;
5. Issue Expenses.


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Nitiraj Engineers IPO (Nitiraj Engineers SME IPO) Details

February 21, 2017 0
Nitiraj Engineers IPO (Nitiraj Engineers SME IPO) Details

IPO Open between: Feb 20, 2017 - Mar 1, 2017 
Issue Type: Fixed Price Issue IPO 
Issue Size: 2,200,800 Equity Shares of Rs.10
IPO Price: Rs. 100 Per Equity Share 
Market Lot: 1200 Shares 
Minimum Order Quantity: 1200 Shares 
Listing At: NSE SME


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Global Education IPO (SME IPO) Final Subscription Status

February 21, 2017 0
Global Education IPO (SME IPO) Final Subscription Status

Global Education SME IPO Final Subscription as on 21-Feb-2017 -  7.00 P.M.

Retail - 115.63 times

HNI - 52.11 times

Overall - 82.25 times


Update: Global Education SME IPO Allotment Status declared. Check out link below

http://www.indianipoblog.in/2017/02/global-education-sme-ipo-allotment.html

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BEL OFS - Retail Investor Discount

February 21, 2017 0
BEL OFS - Retail Investor Discount
Retail Investors participating in the Offer for Sale (OFS) of Bharat Electronics Limited (BEL) would be entitled to a discount of 5 percent on the issue price

The floor price for the OFS is priced at Rs.1498 which is a discount of 4 percent on the closing market price on 21-Feb, 2017

The issue would be open for Non Retail category on 22-Feb-2017 and for Retail Category on 23-Feb-2017

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Bharat Electronics Ltd - BEL Offer for Sale (OFS)

February 21, 2017 0
Bharat Electronics Ltd - BEL Offer for Sale (OFS)
The government will start 5 percent stake sale in state-owned aerospace and defence company Bharat Electronics Limited (BEL) to raise about Rs 1,600 crore through Offer for Sale (OFS) route

The share sale will be through an offer for sale (OFS) spread over two days - first day for institutional investors and the second day, on Thursday, for retail investors, a top official said. Thus, the OFS would be open for Non retail investors on Feb-22 and for Retail investors on Feb-23

The sale of shares under the OFS will be at a floor price of Rs 1,498 apiece which is about at a 4% discount to today's closing price of BEL on BSE

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Monday, February 20, 2017

TCS Buyback - Tata Consultancy Services to buyback shares

February 20, 2017 0
TCS Buyback - Tata Consultancy Services to buyback shares
BUY-BACK : Tata Consultancy Services Limited

Tata Consultancy Services Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 20, 2017 has approved a proposal to buyback up to 5,61,40,351 Equity Shares (Five crore sixty one lakh forty thousand three hundred and fifty one only) of the Company for an aggregate amount not exceeding 16,000 crore ( Rupees Sixteen thousand crore only) (hereinafter referred to as the "Buyback Size") being 2.85% of the total paid up equity share capital, at Rs.2,850 (Rupees Two thousand eight hundred and fifty only) per Equity Share (hereinafter referred to as the "Buyback Price").


The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the SEBI (Buy Back of Securities) Regulations, 1998 (hereinafter referred to as the "Buyback Regulations") and the Companies Act, 2013 and rules made there under.

Here are some other facts about TCS Buyback:

Promoter’s Holding : 73.33%
Public holding upto Rs.2 Lacs : 3.26% which is approximately 64294312 equity shares

CMP as on Feb 20 : Rs.2541.15/- per share

Market Cap : Rs. 500488.70 crore

Buyback Price : Rs. 2850 per share

Number of Shares to be bought back: 56140351 (Five crore sixty one lakh forty thousand three hundred and fifty one only) equity shares of the Company (representing 2.85% of the total number of equity shares in the paid-up share capital of the Company)

Route : Tender offer
Retail Acceptance ratio = 13%
Overall Acceptance ratio= 3%

Promoter’s would be participating in the buyback

Sunday, February 19, 2017

Avenue Supermarts IPO - List of Company promoters

February 19, 2017 0
Avenue Supermarts IPO - List of Company promoters

The Promoters of the Company are:

1. Radhakishan S. Damani;
2. Gopikishan S. Damani;
3. Shrikantadevi R. Damani;
4. Kirandevi G. Damani;
5. Bright Star;
6. Royal Palm Trust;
7. Bottle Palm Trust;
8. Mountain Glory Trust;
9. Gulmohar Trust; and
10. Karnikar Trust

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Avenue Supermarts (D-Mart) IPO - Objects to the Issue

February 19, 2017 0
Avenue Supermarts (D-Mart) IPO - Objects to the Issue

The net proceeds of the IPO are proposed to be used as set forth below:

1. Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company;

2. Construction and purchase of fit outs for new stores;

3. General corporate purposes.

IRB InvIT Fund IPO gets SEBI clearance

February 19, 2017 0
IRB InvIT Fund

IPO gets SEBI clearance

IRB InvIT Fund, an investment trust sponsored by IRB Infrastructure Developers, has received markets regulator SEBI's approval to raise Rs. 4,300 crore through initial public offering (IPO)

IRB InvIT's IPO comprises fresh issue of units worth up to Rs 4,300 crore by the trust and an offer for sale of units by IRB Infrastructure Developers and its subsidiaries -- Modern Road Makers, Aryan Toll Road, ATR Infrastructure and Ideal Road Builders

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Upcoming IPOs in March 2017

February 19, 2017 0
Upcoming IPOs in March 2017

1) D-Mart / Avenue Supermart Ltd IPO

The issue price band is expected to be in between Rs 290 to Rs 300 per share.

Expected date of the issue is 8-Mar-17 and closure date is 10-Mar-17

Grey market price is between Rs 175 to Rs 178.

2) CDSL Limited IPO

The issue price band is expected to be in between Rs 115 and Rs 135.

Expected date of the issue is 15-Mar-17 and closure date is 17-Mar-17

3) Continental Ware housing Corporation Limited IPO

The issue size is expected to be Rs.418 Crores.

Expected date of the issue is 22-Mar-2017 and closure date is 24-Mar-2017

4) NSE Limited IPO

The issue size is Rs 10,000 Crores.

The issue price band is yet to be known as it is in the process of getting final clearances from SEBI.

Expected date of the issue is in Mar-2017 / Apr-2017

5) Music Broadcast Limited IPO

The issue size is expected to be around Rs 400 Crores

Expected date of the issue is in mid of Mar-2017

Click link below for more updates and details of each of Upcoming IPOs in March 2017

http://www.indianipoblog.in/2017/02/upcoming-ipos-in-march-2017.html?m=1

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Saturday, February 11, 2017

Eris Lifesciences files DRHP for IPO

February 11, 2017 0
Eris Lifesciences files DRHP for IPO
Eris Lifesciences Pvt. Ltd filed a draft red herring prospectus with the capital markets regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Wednesday.

The IPO comprises an offer for sale (OFS) by the drug company’s private equity backer ChrysCapital and some of the founding shareholders.

Eris Lifesciences is the first pharmaceutical company to file its draft papers this year. The last pharmaceutical firm to go public was Warburg Pincus-backed Laurus Labs in November 2016. Before that, Alkem Laboratories went public in January 2016.

Friday, February 10, 2017

NSE IPO Immediate Priority: NSE CEO

February 10, 2017 0
NSE IPO Immediate Priority: NSE CEO
The newly appointed CEO and Managing Director of NSE Vikram Limaye has said that the upcoming IPO of National Stock Exchange is the immediate priority, reports Mint

"The immediate priority for NSE is to go public. The 
situation is not very different from when I joined IDFC, 12 years ago. Even at that time there was a management void and IDFC had to be taken public in 6 months. So I have experience of not only listing a company but also managing a listed entity" he said

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.

Thursday, February 9, 2017

Avenue Supermarts (D-Mart) IPO - Company overview

February 09, 2017 0
Avenue Supermarts (D-Mart) IPO - Company overview
According to company website, DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products - including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more - available at competitive prices that our customers appreciate. The core objective is to offer customers good products at great value.

DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002, DMart today has a well-established presence in 117 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh and NCR. With our mission to be the lowest priced retailer in the regions we operate, our business continues to grow with new locations planned in more cities.

The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai
The brands D Mart, D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour, etc are brands owned by ASL

In addition to Mumbai, DMart has multiple stores in cities such as Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat etc.

Can you apply to IPO for family from your bank account? - IPO FAQ

February 09, 2017 0
Can you apply to IPO for family from your bank account? - IPO FAQ

Q: Can I apply in the name of family members & friends from my saving bank account?

A: Yes you can apply. There is no such restriction preventing you from making an application in your family members' name if the bank account used for ASBA blocking is yours.

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Wednesday, February 8, 2017

Can you do multiple applications in IPO? - IPO FAQ - Back to Basics

February 08, 2017 0
Can you do multiple applications in IPO? - IPO FAQ - Back to Basics
Q: Can I apply more than one application in my name from different saving bank accounts in the same bank or different banks ?

A: No. If you do, then all your applications will be rejected. Multiple applications are closely monitored and they are rejected outrightly

Tuesday, February 7, 2017

Avenue Supermarts IPO Opening Date - Price Band

February 07, 2017 0
Avenue Supermarts IPO Opening Date - Price Band

Avenue SuperMarts IPO Details

Issue Opens on: Mar 8, 2017
Issue Closes on: Mar 10, 2017
Issue Type: Book Built Issue IPO
Issue Size: 62,393,631 Equity Shares
Face Value: Rs 10 Per Equity Share
Price Band: Rs.290 to Rs.299 per equity share
Market Lot: 50 shares and in multiples thereof
Listing At: NSE, BSE

Avenue Supermarts IPO Category-wise Break up:
Anchor – 1,87,18,089 Shares
Net QIB – 1,24,78,726 Shares
NII – 93,59,045 Shares
RII – 2,18,37,771 Shares
Size = 1865.57Crs.

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BSE IPO Full Basis of Allotment

February 07, 2017 0
BSE IPO Full Basis of Allotment

BSE IPO - Basis of Allotment - Retail Investors

February 07, 2017 0
BSE IPO - Basis of Allotment - Retail Investors
The Basis of allotment was finalized in consultation with NSE on February 1, 2017.

A. Allotment to Retail Individual investors (After Technical Rejections)Tha Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of Rs 806 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 6.118438 times. The total number of Equity Shares Allotted in Retail Portion is 5,399,519 Equity Shares to 299,973 successful Retail Individual Investors. The category-wise details of the Basis of Alotment are as under:
CategoryNo. of
applications
received
% of
total
Total no. of
Equity Shares
applied
% to
tolal
No. of Equity
5hares Allotted
per applicant
RatioTotal no. of
Equity Shares
allotted
18967,70585.5017,418,69052.7318216:8154,616,478
3658,3405.152,100,2406.361897: 366278,316
5426,4362.341,427,5444.321897: 366126,105
7212,1261.07873,0722.641897: 36657,852
9012,2061.081,098,5403.331897: 36658,230
10810,0800.891,088,6403.301897: 36648,078
1267,8640.69990,8643.001897: 36637,512
1442,3100.20332,6401.011897: 36611,016
1621,2970.11210,1140.641897:3666,192
1804,7970.42863,4602.611897: 36622,878
1981,3420.12265,7160.801897: 3666,408
2161,7440.15376,7041.141897: 3668,316
23425,6002.265,990,40018.131897: 366122,130
Please refer to note below15:435025
TOTAL1,131,847100.0033,036,624100.005,399,519





Note: Post drawal of lots, a total 5,399,514 Equity Shares were allotted out of the 5,399,519 Equity Shares available for the Retail Portion. Accordingly, 43,502 successful applicants from the categories 36-234 ( i.e. excluding successful applicants from Category 18) were allotted 5 Equity Shares in the radio of 5:43502.

Monday, February 6, 2017

Avenue Supermarts (D-Mart) IPO opening date

February 06, 2017 0
Avenue Supermarts (D-Mart) IPO opening date
Avenue Supermarts Limited which runs the famous chain store D-Mart, is planning to raise around Rs.1,870 crore through its IPO. The opening date for Avenue Supermarts IPO is fixed at March 8, 2017

Avenue Supermarts, which opened its first D-Mart store in Mumbai in 2002, had 112 stores as of September 2016, covering an area of 3.4 million sq. ft across 41 cities in Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh, Chhattisgarh and the National Capital Region

It will use around Rs.1,080 crore from the proceeds of the initial share sale to repay debt, according to its DRHP. The company also plans to spend Rs.366 crore to open new stores.

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Sunday, February 5, 2017

How to apply in IPO through ASBA? - IPO FAQ - Back to Basics

February 05, 2017 0
How to apply in IPO through ASBA? - IPO FAQ - Back to Basics
Q. How to apply in IPO through ASBA? 
Under ASBA facility, investors can apply in any public/ rights issues by using their bank account.

Investor submits the ASBA form (available at the designated branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, to their banking branch by giving an instruction to block the amount in their account.

In turn, the bank will upload the details of the application in the bidding platform. Investors shall ensure that the details that are filled in the ASBA form are correct otherwise the form is liable to be rejected

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What is ASBA? Application Supported by Blocked Amount - Back to Basics

February 05, 2017 0
What is ASBA? Application Supported by Blocked Amount - Back to Basics
Q. What is “ASBA”?
A. ASBA means “Application Supported by Blocked Amount”. ASBA is an application
containing an authorization to block the application money in the bank account, for subscribing to an issue.

If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed


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Saturday, February 4, 2017

Steel City Securities IPO - Objects to the Issue

February 04, 2017 0
Steel City Securities IPO - Objects to the Issue
The funds raised through fresh issue equity in Steel City Securities IPO are proposed to be utilized for:

- Investment in technology upgradation & office infrastructure for expansion of e-governance business;
- Setting up of AADHAR Enrolment centre at all our existing branches;
- Enhancement of Company’s brand through advertising and other brand-building activities;
- Working capital requirement;Meeting the expenses to the Offer; and
- General Corporate Purposes

Steel City Securities IPO opens from Feb 6

February 04, 2017 0
Steel City Securities IPO opens from Feb 6
Steel City Securities Ltd., a leading stock broking and e-governance service company now plans to enter the capital market with initial public offer of 49,08,000 equity shares of face value Rs 10 each for cash aggregating up to Rs 26.99 crore.

The Issue opens on Monday, February 6th, 2017 and closes on Thursday, February 9th, 2017 and the Price is fixed at Rs 55/- per equity share. The issue is of fixed price type as opposed to a book building issue

NSE appoints new Managing Director and CEO

February 04, 2017 0
NSE appoints new Managing Director and CEO


NSE India has appointed Vikram Limaye as its Managing Director and CEO ahead of its upcoming IPO, replacing the former head Chitra Ramakrishnan, who had quit last month citing personal reasons.

Vikram Limaye at present is the Managing Director and CEO of IDFC Limited. Vikram started his professional career with Arthur Andersen in Mumbai in 1987 while pursuing his Chartered Accountancy and worked in the audit and business advisory services groups of Arthur Andersen, Ernst & Young and the consumer banking group of Citibank before going to the US in 1994 to pursue a MBA. After completing his MBA, he worked on Wall Street in USA for 8 years with Credit Suisse First Boston in a variety of roles in investment banking, capital markets, structured finance and credit portfolio management before returning to Mumbai, India in 2004.

He has contributed to various committees of government and industry associations on a range of topics surrounding infrastructure, economic policy, markets, trade, minority affairs etc. 

He has been a speaker at various domestic and international conferences and been part of international government delegations for infrastructure and foreign direct investments into India.

He completed his Bachelors in Commerce from HR College of Commerce & Economics, Chartered Accountancy and a MBA in Finance and Multinational Management from the Wharton School of the University of Pennsylvania, USA.

Friday, February 3, 2017

BSE listing price: BSE lists at stunning premium

February 03, 2017 0
BSE listing price: BSE lists at stunning premium

BSE has created history with its listing with the stock opening at Rs.1085 at a staggering premium of over 35 percent

At 10.09 AM, the stock was trading at Rs. 1138 after touching an intraday high of as high as Rs.1200

Stay tuned for more on BSE IPO!

Thursday, February 2, 2017

BSE to list tomorrow on NSE

February 02, 2017 0
BSE to list tomorrow on NSE

The equity shares of Bombay Stock Exchange (BSE) is all set to be listed on National Stock Exchange (NSE) with effect from Feb 3, 2017

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BSE Listing Announcement - NSE

February 02, 2017 0
BSE Listing Announcement - NSE

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

DEPARTMENT : LISTING DEPARTMENT
Download Ref. No.: NSE/CML/34095 Date : February 01, 2017

Circular Ref. No.: 88/2017

To All Members

Sub : Listing of Security (IPO)

Members of the Exchange are hereby informed about the forthcoming listing of security (ies) on the
Exchange as follows:

Name of the company: BSE Limited
Symbol: BSE
ISIN: INE118H01025

The date of listing of the security (ies) shall be informed through a separate circular.

For and on behalf of
National Stock Exchange of India Limited
Divya Poojari
Manager

Wednesday, February 1, 2017

List of Upcoming IPOs - 2017

February 01, 2017 0
List of Upcoming IPOs - 2017

IPO Company List - 2017
CL Educate Limited
Prataap Snacks
BSE India
NSE India
GVR Infra Projects Limited
Paranjape Schemes Limited
SSIPL Retail Limited
Matrimony.com
Sandhar Technologies Ltd
Maini Precision Products Ltd
KPR Agrochem Limited
New Delhi Center for Sight Limited
Nihilent Techonologies Limited
Hinduja Leyland Finance Ltd
Seaways Shipping and Logistics Limited
Continental Warehousing
Mas Financial Services
D-Mart Supermarket
SIS Limited
Vodafone India
SBI Life Insurance
Go Airlines
Aster DM Healthcare
IRB InvIT Fund
Security & Intelligence Services
Genesis Colors
Shankara Building Products
Avenue Supermarts
G R Infraprojects
Cent Bank Home Finance Limited (CBHFL)
VLCC Health Care

BSE IPO Basis and Ratio of Allotment

February 01, 2017 0
BSE IPO Basis and Ratio of Allotment

Following is the basis of allotment of BSE IPO for Retail category:

BSE Ltd  Basic of Allocation

Alloted  18 shares to applicant category As Follows :-
Sh        Ratio
18      216:815
36        97:366
54        97:366
72        97:366
90        97:366
108       97:366
126       97:366
234       97:366

BSE IPO Allotment Status declared

February 01, 2017 0
BSE IPO Allotment Status declared

BSE IPO Allotment Basis

February 01, 2017 0
BSE IPO Allotment Basis

BSE IPO Basis of allotment to retail investors is likely to be in the ratio of 1:4. The ratio would roughly translate to around 25 percent of applicants getting 18 equity shares

BSE IPO Allotment Status is declared and can be checked from link given below:

Click here to check now

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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 ...