March 2017 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Friday, March 31, 2017

Top 10 Mistakes investors make in stock markets

March 31, 2017 0
Top 10 Mistakes investors make in stock markets

Here is a list of 10 mistakes you make that puts you in wealth destroyers' club

Mistake number 1 - you don't sell off your losing junk stocks

Mistake number 2 - you wait so long that you let your winning stocks turn into losers

Mistake number 3 - you get to emotional about your stock picks

Mistake number 4 - you bet all your money on only one or two stocks

Mistake number 5 - you are unable to be both disciplined and flexible

Mistake number 6 - you listen to or get tips from the wrong people

Mistake number 7 - you follow wrong crowd

Mistake number 8 - you are not aware of the worst case scenario

Mistake number 9 - you don't have plan B even if you are aware of what is worst case scenario

and finally....

Mistake number 10 - you don't learn from any of your above 9 mistakes!

Thursday, March 30, 2017

What is IPO Grey Market and IPO Grey Market Premium?

March 30, 2017 0
What is IPO Grey Market and IPO Grey Market Premium?

IPO GREY MARKET AND ITS WORKING

IPO Grey Market is an unofficial market where IPO applications or *shares are bought and sold before they become officially available for trading on the stock exchange.

All transactions are done in cash on personal basis.

SEBI, Stock Exchange or Brokers are not involve or back these transaction.

It includes:
- Trading (selling or buying) IPO Applications at certain rate (premium) and
- Trading (selling or buying) allocated IPO shares before they list on stock exchanges.

Grey market trading is usually done among the small set of people who trust each other as there is no official platform or rules define for these trading

Terms used:

Grey market premium: Premium amount at which IPO shares are traded on stock market before they get listed on stock exchange. It can be positive or negative based on demand and supply of stock.

Kostak: Premium amount at which IPO applications are being traded in IPO Grey Market.
‘Kostak' is especially for people who do not want to take risk with IPO allotment or listing gains.

Who decides Grey Market Price?
Just like stock market or commodity market trading, IPO Grey Market

Premiums are decided on basis of demand and supply

If there are more buyers than sellers, the price goes up and vice versa.

Precaution:
As there are no regulatory bodies involved in Grey Market Trading and therefore there are no limitations on price momentum. Grey market premium may rise or fall suddenly

Wednesday, March 29, 2017

Does Long Term Investment in stocks always proves good?

March 29, 2017 0
Does Long Term Investment in stocks always proves good?

There are always success stories in stock markets - with the likes of Infosys, Wipro, Eicher Motors circulating these days. But Does Long Term really and always pay off? Well, let's think again...

Stock Markets are fascinating. Indian Stock Markets can compete with the rest of world for the success stories, scandals, intrigue and the tales of disasters.

It is said that Stock Markets are the barometer of a nation’s economic progress. It is often debated but the majority argument favors this statement.

Stock market has given returns which are higher then any other asset class.

Then there are the great stories of Infosys, Wipro, Eicher Motors giving unimaginable returns on investment.

But there are two sides of every coin.

The Story Nobody Likes To Tell

In the NIFTY index, there are 50 stocks ( NIFTY actually means NSE FIFTY ).

( Oddly, though at present there are 51 )

These stocks are based mainly on market capitalization. When a constituent loses value significantly, it is removed from index and replaced by another stock. No one talks of these stocks which got removed.

They were the stars of the day at some point of time and are duds today. Those were the investment ideas of that time and relegated to horror stories now. I will talk about this aspect which no one talks about.

The Wealth Destroyers:

These stocks may be not in favor presently, but were the flavor of the month at their prime. They were part of the NIFTY index or otherwise very highly regarded and traded. Today they are shunned and forgotten, but there are real people holding these stocks wondering how they will ever recover their money. NIFTY going up does not have a meaning for them.

Reliance Communication:

On Jan 08, 2008 , the stock traded at a lifetime high of Rs. 844.70

The lifetime low was around Rs. 30 few days back

2. Suzlon Energy:

The huge fall in this stock made me look for other similar stories.

It was added to NIFTY in 2006. In 2008, it traded above Rs. 2000 and then there was a stock split. The comparison is made taking into account the effect of splitting.

The lifetime High- Jan 09, 2008 — Rs. 412.88

The lifetime Low— August 28, 2013— Rs. 5.70

And the funny part is:

You will get to hear on business channels that Suzlon Energy has gained 158% in last three years.

3. Unitech:

It was a NIFTY stock in 2008. It was valued highly and was at a high of Rs. 546.80 on January 2, 2008.

What is the current price?

Rs. 5.90

It is around 1% of the high price.

Can the investor ever expect to make good their losses?

4. DLF:

From a high of Rs. 1225 in January 2008 , it trades for around Rs. 147 today.  Appears better than the others listed above, but 90% loss is not something to be taken lightly.

Even if it goes up by 100%, it will be nowhere near 1225.

5. Himachal Futuristics:

In December 2000, one of my friend bought for Rs. 1560 on one day and sold for Rs. 1605 next day. A day later it was Rs. 1675. He blamed himself for not taking profit.

Few months later was shocked when he saw a price of Rs. 90 in April 2001.

Today it trades at around Rs. 13.

Do you know what was the highest price?

Rs. 2578.05 on March 08, 2000.

In 16 years, the value of investment has come down to about 0.5%

A stock value can not fall 100%, but it is as near as you can get.

6. Jaiprakash Associates:

It was part of NIFTY. A big conglomerate in construction, power and cement business.

In January 2008, the high was Rs. 339.

Now it trades for Rs. 13.

Why This Story Needs To Be Told?:

It is a widely held belief that in the long run, markets give good returns.

This belief is true.

But the indices do not give the true picture.

In most of the above cited cases, the high price was in January 2008 ( except HFCL ) when NIFTY was around 6100.

Today, NIFTY is at 9200 but these stocks are at just at a fraction of their highs. Market has gone up but they continue to be laggards.

I have listed only a few. There are hundreds of such horror stories.

Index is adjusted by removing or adding stocks. An investor is not so agile.

You can lose money even when ma

rkets are going up.

What should be done to avoid such situations?:

Hindsight is always twenty twenty.

We need a good foresight.

No one knows that an INFOSYS will multiply a thousand times and HFCL will reduce to half percent value. In year 2000, both were the future stars. What a contrast today?

Protect your portfolio, like index protects itself. And take action earlier than the index does. In a long term portfolio, get rid of the stock, when it has fallen by about 15–20% of your purchase price.

There will be pain at that time, but not the endless pain which the investors of Unitech, Suzlon, JP Associates are enduring year after year.

I can not suggest that you should stay invested in Blue Chips.

All these were Blue Chips in their prime.

Conclusion:

Indian stock markets are wonderful. There are success stories, but so are the doomsday tales. All make for fascinating stories.

There are inspiring stories of Rakesh Jhunjhunuwala, but the sordid saga of Harshad Mehta also looms in the background.

Do not let the euphoria of the bull market impact you. Pay heed to the beaten down cases also. Learn your lessons from them.

A balanced view will make you a better investor and trader.....

CL Educate IPO Allotment Status

March 29, 2017 0
CL Educate IPO Allotment Status

Monday, March 27, 2017

AU Financers IPO gets SEBI approval

March 27, 2017 0
AU Financers IPO gets SEBI approval

AU Financers gets SEBI approval for its IPO. Jaipur-based small finance bank licence holder Au Financiers gets Securities and Exchange Board of India, or Sebi’s approval to launch an initial public offer (IPO), according to sources. The company will launch the IPO, which will be pure offer for sale in the next quarter.

According to draft red herring prospect (DRHP) as shown on Sebi’s website, existing shareholders of the company will sell 53.4 million shares through offer for sale.

The company has reduced its foreign holding recently to 49% after Kedaara Capital, ChyrsCapital Investment Advisors India Pvt Ltd, International Finance Corporation and Warburg Pincus partly exited the company, while Motilal Oswal Private Equity made a complete exit. ICICI Securities, HDFC Bank, Motilal Oswal Investment Advisors and Citibank are merchant bankers for the IPO.

Sunday, March 26, 2017

Reliance CPSE ETF FFO 2 Transaction allotment status

March 26, 2017 0
Reliance CPSE ETF FFO 2 Transaction allotment status

Reliance CPSE ETF FFO 2 Transaction and allotment status can be checked from the below mentioned linkC

PSE ETF FFO 2 allotment status can be checked on the below link. Steps to check Allotment. First select Reliance Mutual Fund then Purchase and then enter your PAN to know the status.

https://www.karvymfs.com/karvy/InvestorServices/General/InvTransactionStatusnew.aspx

HUDCO IPO Dates and Price Band

March 26, 2017 0
HUDCO IPO Dates and Price Band

HUDCO IPO Details

Issue Opens on: (To be announced)
Issue Closes on: (To be announced)
Issue Type: Book Built Issue IPO
Issue Size: 20,01,90,000 Equity Shares
Face Value: Rs 10 per Equity Share
Price Band: Rs.48 – Rs.50 per equity share
Bid Lot: 300 shares and in multiples thereof
Listing At: NSE, BSE

Friday, March 24, 2017

Shankara BuildPro IPO subscription status - Day 3 at 3:50 PM

March 24, 2017 0
Shankara BuildPro IPO subscription status - Day 3 at 3:50 PM

Shankara BuildPro IPO subscription status - Day 3 at 3:50 PM

QIB*: 51.19x (*excluding Anchor)
NII: 82.24x
RII: 12.45X
Overall: 38.48 times

Applications: 845,545 Approx
No. of Applic-wise: 10.31x

Shankara BuildPro IPO subscription status - Day 3 at 1:00PM

March 24, 2017 0
Shankara BuildPro IPO subscription status - Day 3 at 1:00PM

Shankara BuildPro IPO subscription status - Day 3 at 1:00PM

QIB*: 4.46X (*excluding Anchor)
NII: 2.20X
RII: 9.05X
Overall: 6.27 times

Applications: 605,500 Approx
No. of Applic-wise: 7.368X

GMP 105 – 108

Shankara Building Products IPO subscription status till Day 2

March 24, 2017 0
Shankara Building Products IPO subscription status till Day 2

Tuesday, March 21, 2017

CL Educate IPO subscription status till Day 2 - 12 noon

March 21, 2017 0
CL Educate IPO subscription status till Day 2 - 12 noon

D-Mart IPO witnesses blockbuster listing

March 21, 2017 0
D-Mart IPO witnesses blockbuster listing
Avenue Supermarts IPO (D-Mart IPO) Listing


The equity shares of Avenue Supermarts Limited, the company behind D-Mart retail stores listed with a big bang on the exchanges with the shares opening at a staggering 100 percent premium over the issue price


The shares opened at Rs.604.40 on the BSE and had touched an Intraday high of Rs. 615 and intraday low of Rs.558.75 on the BSE. The scrip is stable and trading at around Rs.605 as at the noon


The IPO of Avenue Supermarts Limited was heavily oversubscribed at 104 times on an overall basis and 7.30 times in the Retail category. It remains to be seen if the stock is able to sustain these kind of levels in upcoming trading days


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CL Educate IPO subscription status on First Day

March 21, 2017 0
CL Educate IPO subscription status on First Day

Sunday, March 19, 2017

CL Educate IPO opens for subscription from March 20

March 19, 2017 0
CL Educate IPO opens for subscription from March 20
CL Educate Ltd is engaged in providing various educational products and services. They operates through two segments, Education and Training Programme (Including Sale of Study Material) and Vocational Training. The company is coming up with an IPO for 4,760,000 Equity Shares of Rs 10 aggregating up to Rs 238.95 Cr

IPO would be open for subscription between Mar 20, 2017 and Mar 22, 2017. The Company's Education and training program (including sale of study material) segment includes coaching for higher education entrances. The Company's Vocational training segment includes specific projects undertaken (including government projects).

CL Educate offers test preparation courses and services under the Career Launcher brand, publishing and content development services under the brand GK Publications and event management, marketing support, customer engagement, and managed manpower and training services under the Kestone brand name.

They also provides integrated solutions to educational institutions and universities, including business advisory and outreach support services under the CL Media brand, as well as research incubation and support services under the brand Accendere brand. In addition, the company operates K-12 schools under the Indus World School brand name. As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices

Can you apply to IPO from Overdraft (OD) or Current account? - IPO FAQ

March 19, 2017 0
Can you apply to IPO from Overdraft (OD) or Current account? - IPO FAQ
Q: Can I apply from current account or over draft (OD) account ?
A: Excepting few accounts, most of the banks do not allow such applications and applications are generally accepted from savings bank account or account having clear credit balances

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Join Whatsapp Group on IPO Investing: Indian IPO Blog

March 19, 2017 0
Join Whatsapp Group on IPO Investing: Indian IPO Blog
Indian IPO Blog Groups is now on Whatsapp! Join Now! Join Whatsapp group for discussions on IPOs and stock markets in India

With a view to provide a platform for swift discussions, news and views on the latest happenings in the Indian IPO markets, we've created Indian IPO Blog Groups on WhatsApp!

All you need to do is to message your request along with following details to number given above and you're ready to go. 

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Public Issue of CL Educate Limited - Allocation to Anchor Investors

March 19, 2017 0
Public Issue of CL Educate Limited - Allocation to Anchor Investors
According the the notice on BSE website, trading members of the exchange are hereby informed that, under Anchor Investors (AIs) portion in the Public Issue of CL Educate Limited, 14,28,000 equity shares have been subscribed by 9 AIs at Rs. 502/- per equity share

The bidding for the CL Educate issue will start on March 20, 2017 and close on March 22, 2017. Click on the below links to find out more on CL Educate IPO

Avenue Supermarts IPO (D-Mart IPO) Listing Date

March 19, 2017 0
Avenue Supermarts IPO (D-Mart IPO) Listing Date
The equity shares of Avenue Supermarts Limited, the owner of D-Mart Retail stores, would be listed and admitted to the dealings on the exchange with effect from Tuesday, March 21, 2017. The shares would be listed on both NSE and BSE

Avenue Supermarts IPO was oversubscribed 104.48 times with the retail portion oversubscribed 7.3 times. Avenue Supermarts Limited is Mumbai based supermarket chain D-Mart. Company is among the largest and the most profitable F&G retailer in India. Commpany offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories

Friday, March 17, 2017

Avenue Supermarts IPO (D-Mart IPO) likely Basis of Allotment

March 17, 2017 0
Avenue Supermarts IPO (D-Mart IPO) likely Basis of Allotment

Avenue Supermarts IPO (D-Mart IPO) likely Basis of Allotment for Retail Investors is likely to be allotment to 100 applicants out of every 425 applicants

The allotment status of Avenue Supermarts IPO is likely to be announced shortly

Stay tuned to Indian IPO Blog for more on Avenue Supermarts IPO (D-Mart IPO)

Thursday, March 16, 2017

Music Broadcast IPO (Radio City IPO) Listing Date

March 16, 2017 0
Music Broadcast IPO (Radio City IPO) Listing Date

The equity shares of Music Broadcast Limited (which runs Radio City FM) will be listed and admitted to the dealings on the exchange w.e.f. tomorrow as per details given below:

Scrip Name: Music Broadcast Limited
Listing Date: Friday, 17 March 2017
Listing Group: 'B’ Group 
BSE Script Code: 540366
NSE Symbol: RADIOCITY
ISIN NO:  INE919I01016

Avenue Supermarts IPO (D-Mart IPO) Allotment Status

March 16, 2017 0
Avenue Supermarts IPO (D-Mart IPO) Allotment Status

Wednesday, March 15, 2017

Shankara Building IPO Details

March 15, 2017 0
Shankara Building IPO Details

Music Broadcast IPO (Radio City IPO) Allotment status declared

March 15, 2017 0
Music Broadcast IPO (Radio City IPO) Allotment status declared

Tuesday, March 14, 2017

Music Broadcast IPO Allotment Ratio (Retail)

March 14, 2017 0
Music Broadcast IPO Allotment Ratio (Retail)

Music Broadcast IPO Allotment Ratio for Retail Investors category is likely to be around 47:361

This means that roughly 47 applicants would get allotment of minimum bid lot shares out of every 361 applicants

Stay tuned to Indian IPO Blog for more on latest updates. You may also join our Whatsapp Group by clicking here (Free for early bird members) to get real time updates and discuss on latest IPOs

CL Educate IPO - Allotment schedule

March 14, 2017 0
CL Educate IPO - Allotment schedule

CL Educate IPO – Schedule (Tentative)

17th March – Anchor Investors
20th March – Offer Opens
22nd March – Offer Closes
29th March – Finalisation of Basis of Allotment
29th March – Unblocking of ASBA
30th March – Credit to Demat Accounts
31st March – Listing on NSE & BSE

CL Educate IPO Details

March 14, 2017 0
CL Educate IPO Details

Issue Open: Mar 20, 2017 - Mar 22, 2017 
Issue Size: 4,760,000 Equity Shares of Rs 10 
Face Value: Rs 10 Per Equity Share 
Price Band: Rs. 500 - Rs. 502 Per Equity Share 
Market Lot: 29 Shares 
Listing At: BSE, NSE

Music Broadcast IPO Allotment Status

March 14, 2017 0
Music Broadcast IPO Allotment Status

Music Broadcast IPO Allotment Status is declared and can be checked on following website:

Click link below to check Music Broadcast IPO Allotment Status

http://kosmic.karvy.com:81/ipotrack/

Saturday, March 11, 2017

CPSE ETF FFO 2 - NSDL Official Announcement

March 11, 2017 0
CPSE ETF FFO 2 - NSDL Official Announcement
Dear Investor,

We wish to inform you that Government of India is selling its stake in select Navratnas & Maharatnas (PSU) at a 3.5% discount through FFO 2 of CPSE ETF.

The key details in this context are given below:

Name of seller: The President of India, acting through and represented by the Ministry of Urban Development, Government of India

Name of Fund proposed to be sold: CPSE ETF

Name of stock exchanges where orders shall be placed: NSE

Date and time of opening the offer for Retail investors: March 15, 2017 at 9.15 a.m.

Date and time of closing the offer for Retail investors: March 17, 2017 at 3.30 p.m

Date and time of opening of offer for Non-Retail investors: March 14, 2017 at 9.15 a.m

Date and time of closing of offer for Non-Retail investors: March 14, 2017 at 3.30 p.m.

Floor Price: Offer of Units of Rs.10/- each (i.e. face value) for cash (on allotment, the value of each unit would be approximately 1/100th of the value of Nifty CPSE Index) to be issued at a premium, if any, approximately equal to the difference between face value and FFO 2 Allotment Price during the Further Fund Offer 2 (FFO 2) and at NAV based prices thereafter

Retail Discount: Discount of 3.5 % on the FFO 2 Reference Market Price of the uderlying shares of Nifty CPSE Index shall be offered to FFO 2 by Government of India.

The announcement made by Government of India in this context is available at 

If you wish to participate in this offer, please contact a SEBI registered stock broker.

Regards,
NSDL 

Friday, March 10, 2017

Avenue Supermarts IPO (D-Mart IPO) Final Day subscription status

March 10, 2017 0
Avenue Supermarts IPO (D-Mart IPO) Final Day subscription status

DMart IPO Subscription status - Day 3 at 6:00 PM

QIB*: 144.62x (*Excluding Anchor portion)
NII: 277.74x
RII: 7.25x
Overall: 104.46x

Applications: 17,94,304 Approx
No. of Application wise: 4.10X

D-Mart IPO gets crazy shopping from investors

March 10, 2017 0
D-Mart IPO gets crazy shopping from investors

The IPO of famous retailer D-Mart's parent company Avenue Supermarts Limited has been receiving crazy subscription levels with the IPO now subscribed more than 104 times on an overall basis

Here is the subscription status of the IPO as at Day 3 - 4.30pm

QIB: 144.62 times
HNI: 277.74 times
Retail: 7.00 times
Overall: 104.34 times

Stay tuned to Indian IPO Blog for more updates

D-Mart IPO subscription status - Day 3 at 2:45PM

March 10, 2017 0
D-Mart IPO subscription status - Day 3 at 2:45PM

D-Mart IPO subscription status - Day 3 at 2:45PM

The following data is assuming the shares will be issued at @299/- (upper price band)

QIB*: 111.17x (*Excluding Anchor)
NII: 208.83x
RII: 6.60x
Overall: 79.81x

Applications: 16,15,500 Approx
No. of Application wise: 3.690X

Thursday, March 9, 2017

CPSE ETF Further Fund Offer 2 opens March 15, 2017

March 09, 2017 0
CPSE ETF Further Fund Offer 2 opens March 15, 2017
CPSE ETF Further Fund Offer 2 (FFO 2) Details
Offer of Units of Rs. 10/- each (i.e. face value) for cash (on allotment, the value of each unit would be approximately 1/100th of the value of Nifty CPSE Index) to be issued at a premium, if any, approximately equal to the difference between face value and FFO 2 Allotment Price during the Further Fund Offer 2 (“FFO 2”) and at NAV based prices thereafter.

For the existing CPSE ETF the Ongoing Offer Period for the Scheme commenced on April 04, 2014. CPSE ETF is an open ended index scheme listed on the Exchange in the form of an Exchange Traded Fund (ETF), which tracks the Nifty CPSE Index.

About Nifty CPSE Index
The Nifty CPSE Index is constructed in order to facilitate the Government of India’s (GOI) initiative to disinvest some of its stake in selected Central Public Sector Enterprises (CPSEs) through the ETF route. The index consist of 10 CPSEs with base date of 01- Jan- 2009.
As on February 28, 2017 the one year CAGR^ return of Nifty CPSE TRI* is 55.30% against 28.87% given by Nifty 50 TRI*.
^CAGR - Compounded Annual Growth Rate
*TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks.

Details:


Background:
Government of India (GOI) used innovative route to divest its holding in CPSEs via ETF New Fund Offer (NFO)
- NFO was first launched in March 2014
- NFO received overwhelming response; NFO collection was Rs.4,363 Crs, out of which Rs.1,363 Crs was refund to investors due to limited issue size of Rs.3,000 Crs
- Participation across various categories of investors
- Units of CPSE ETF were listed on 04th April 2014 on NSE & BSE Further Fund Offer (FFO)
- FFO was launched in January 2017
- FFO received overwhelming response; FFO collection was Rs.13,742 Crs, out of which Rs.7,742 Crs was refund to investors due to limited issue size of Rs.6,000 Crs
- Participation across various categories of investors
- FFO Units of CPSE ETF were listed on 31st January 2017 on NSE & BSE
FFO 2 Investment Rationale:
- Play on India growth story through investment in the large CPSE stocks at attractive valuations
- Portfolio diversification through investment in blue-chip Maharatna and Navaratna CPSE stocks which are sector leaders
- FFO 2 price advantage – Upfront discount to all categories of investors
- Attractive Valuation and Dividend Yields: P/E ratio and dividend yields better compared to broader market index
- Flexibility of trading on real time basis
- Lower expense ratios and transaction costs
- Investors will be able to diversify exposure across a number of Public Sector companies through a single instrument

Avenue Supermarts IPO (D-Mart IPO) subscription status on Day 2 till 3pm

March 09, 2017 0
Avenue Supermarts IPO (D-Mart IPO) subscription status on Day 2 till 3pm

D-Mart IPO Subscription Figures at Day 2 till 3 pm

QIB: 3.69x (*Ex anchor)
HNI: 1.00x
Retail: 3.47x
Total: 3.08x
No. of Applications: 816790
Retail Subscription on the basis of Applications: 1.87x

Wednesday, March 8, 2017

Avenue Supermarts IPO (D-Mart IPO) subscribed fully on first day

March 08, 2017 0
Avenue Supermarts IPO (D-Mart IPO) subscribed fully on first day

The IPO of Avenue Supermarts Limited (D-Mart) has been subscribed fully on Day 1 with the IPO getting subscribed 1.36 times on an overall basis

The detailed category wise subscription figures are as under:

Avenue Supermarts IPO subscription data on first day - 8th March day

QIB : 1.16x
HNI : 0.37x
Retail : 1.15x
Overall: 0.98 times

Music Broadcast IPO (Radio City IPO) Subscription status - Day 3 - 5.30 PM

March 08, 2017 0
Music Broadcast IPO (Radio City IPO) Subscription status - Day 3 - 5.30 PM

Avenue Supermarts IPO (D-Mart IPO) opens for subscription

March 08, 2017 0
Avenue Supermarts IPO (D-Mart IPO) opens for subscription
The much awaited Initial Public offer (IPO) of D-Mart has opened for subscription from today

Avenue Supermarts Limited is Mumbai based supermarket chain D-Mart. Company is among the largest and the most profitable F&G retailer in India. Commpany offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. Company has 112 stores located across 41 cities in India. 

Company operates and manage all its stores. Company also operate distribution centres and packing centres which form the backbone of the supply chain to support its retail store network. Company has 21 distribution centres and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka

The IPO would remain open for subscription till March 10, 2017. The shares are offered in a price band of Rs. 295 to Rs. 299 per equity share with a minimum order quantity and a bid lot of 50 Equity shares and in multiples thereof

Music Broadcast IPO Allotment Schedule (Tentative)

March 08, 2017 0
Music Broadcast IPO Allotment Schedule (Tentative)

MBL IPO Tentative schedule
03rd March – Anchor Investors
06th March – Offer Opens
08th March – Offer Closes
13th March – Markets Closed for Holi
14th March – Finalisation of Basis of Allotment
15th March – Unblocking of ASBA
16th March – Credit to Demat Accounts
17th March – Listing on NSE & BSE

IFL IPO - Objects to the Issue

March 08, 2017 0
IFL IPO - Objects to the Issue

Tuesday, March 7, 2017

CDSL IPO Opening Date and Schedule

March 07, 2017 0
CDSL IPO Opening Date and Schedule

CDSL IPO – Schedule (Tentative)

14th March – Anchor Investors
15th March – Offer Opens
17th March – Offer Closes
22nd March – Finalisation of Basis of Allotment
23rd March – Unblocking of ASBA
24th March – Credit to Demat Accounts
27th March – Listing on NSE & BSE

Monday, March 6, 2017

Music Broadcast IPO Bidding status on Day 1

March 06, 2017 0
Music Broadcast IPO Bidding status on Day 1

Music Broadcast IPO (Radio City IPO) Price Band and Bid Lot

March 06, 2017 0
Music Broadcast IPO (Radio City IPO) Price Band and Bid Lot

The IPO price band for Music Broadcast IPO is decided at Rs. 324 to Rs. 333 per equity share. Correspondingly the bid lot would be 45 equity shares and in multiples thereof

Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operated its radio stations in 29 cities in India as of November 25, 2016

The object of the issue are to:

1. Redemption of Listed NCDs; 
2. Early redemption of the JPL NCDs and repayment / pre-payment of JPL ICDs;and
3. General corporate purposes

Music Broadcast IPO (Radio City IPO) opens for subscription

March 06, 2017 0
Music Broadcast IPO (Radio City IPO) opens for subscription

The IPO of Music Broadcast Limited, the company that operates the FM channel Radio City 91.1 FM has opened for subscription from today

The IPO price band is decided at Rs. 324 to Rs. 333 per equity share. Correspondingly the bid lot would be 45 equity shares and in multiples thereof. The IPO would be open for subscription till Mar 8, 2017

Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. Radio stations deliver film, non-film, devotional, regional, and international music, as well as radio jockey (RJ) hosted shows in Hindi, Tamil, Kannada, Malayalam, and Telugu languages. It also operates 31 Web radio stations that offer Internet radio with live RJ hosted shows through Planet Radio City in 6 languages with a listenership of 12.20 million.

In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal', and 'Radio City Smaran' in various languages on mobile and other smart devices.

Friday, March 3, 2017

Top 5 Recent IPOs with highest Retail applications

March 03, 2017 0
Top 5 Recent IPOs with highest Retail applications

The five highest number of applications in Retail category in recent past, after rejection

- BSE Limited – 11,31,847 applications
- L&T Infotech Limited – 10,25,179 applications.
- ICICI Prudential Life Insurance Company Limited – 10,24,479 applications.
- RBL Bank Limited – 10,16,285 applications.
- Mahanagar Gas Limited – 9,35,978 applications.

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 ...