Saturday, April 29, 2017
S Chand IPO concludes with a stunning 60 times oversubscription
Friday, April 28, 2017
IRB InvIT Fund IPO to open on May 3
Thursday, April 27, 2017
S Chand IPO - Here's what brokerage houses have to say
HUDCO IPO Issue size (Categorywise)
Offer for Sale of 20,40,58,747 Equity Shares @50/- aggregating up to Rs.1020.29 Crores
Equity Shares outstanding after the Issue = 2,00,19,00,000 Equity Shares
Anchor – 6,00,57,000 Shares = 300.29Crs.
Net QIB – 4,00,38,000 Shares = 200.19Crs
NII – 3,00,28,500 Shares = 150.14Crs
RII – 7,00,66,500 Shares = 350.33Crs (Lot size: 300 = 233,555 Forms)
Employees – 38,68,747 Shares = 19.34Crs
Total Issue – 20,40,58,747 Equity Shares = 1020.29Crs
HUDCO IPO Details (Tentative)
Issue Opens on: 08 May 2017
Issue Closes on: 11 May 2017
Issue Type: Book Built Issue IPO
Issue Size: 20,40,58,747 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.56 – Rs.60 per equity share
Market Lot: 200 shares
Listing At: NSE, BSE
HUDCO IPO opens on May 8
Housing and Urban Development Corporation Ltd (HUDCO) is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. Check back this space for latest updates on HUDCO IPO
The equity shares are likely to be offered in a price band of Rs.56 to Rs.60 per equity share with a bid lot of 200 equity shares and in multiples thereof
Wednesday, April 26, 2017
Sunday, April 23, 2017
S Chand IPO - 5 Key Facts you should know about S Chand and Co
S Chand and Company is planning to come up with an IPO which would open for subscription from Apr 26, 2017. We present to you below five essential facts about the company in point blank Q&A format
1. What does it do?
The company develops and delivers content, solutions, and services in the education K-12, higher education, and early learning segments. The publishing house prints books for primary as well as higher education like Engineering, Commerce etc. S. Chand publishers were the first in India to get ISO 9001:2000 certification
2. What will it do with money from IPO?
One of the key fact to note is about what the company intends to do from proceeds of IPO. It turns out that the company plans to repay term loans availed earlier by it and one of its subsidiaries, EPHL, which was utilised to fund Chhaya acquisition. A total of Rs 152 crore of the fresh issue will be utilised for this. Besides, Rs.88 crore with be spent on repayment or prepayment, in full or in part, of certain loans availed of by the company and two of its subsidiaries, VPHPL and NSHPL
3. Who are its promoters?
The promoters of the company are:
1. Mr. Dinesh Kumar Jhunjhnuwala
2. Ms. Neerja Jhunjhnuwala
3. Mr. Himanshu Gupta
4. How are its financials?
For the FY ending 2016, the company has reported a revenue of Rs.540 crores and a Profit After Tax of Rs.46.64 Crores. This has grown at a CAGR of around 33% when compared to FY 2012 figures where the revenue stood at Rs.174.64 crores and Profit After Tax at Rs.14.69 crores. However, As at Dec'16, the company had a total revenue of Rs.150.80 Crores and a loss of Rs.88.48 Crores!
5. Is the IPO price justified?
At upper price band of Rs 670 per share, S. Chand would trade at PE of 39.20 times its dilutive EPS of 17.09 for FY16 . Navneet Education is the closest listed peer of the company which trades at a humble PE of 25.5 times its trailing 12-month EPS. The difference is substantial by all counts
S Chand and Company IPO Tentative Schedule
25th April – Anchor Investors
26th April – Offer Opens
28th April – Offer Closes
01st May – Market Holiday for Maharashtra Day
04th May – Finalisation of Basis of Allotment
05th May – Unblocking of ASBA
08th May – Credit to Demat Accounts
09th May – Listing on NSE & BSE
S Chand and Company IPO Opening Date and Details
S Chand and Company IPO Details
IPO Open: 26 April 2017
IPO Close: 28 April 2017
Issue Size: Approx Rs. 650 Crores
Face Value: Rs. 5 Per Equity Share
Price Band: Rs.660 to Rs. 670 Per Share
Market Lot: 22 equity shares
Minimum Amount: Rs. 14,740
Friday, April 21, 2017
Wednesday, April 19, 2017
National Aluminium Company (NALCO) Offer for Sale (OFS) - NSDL Announcement
NALCO shares tumble 7 percent on OFS day
NALCO OFS is open for subscription for Non retail category on Apr 19 and for Retail investors on Apr 20
The decline in prices have further reduced the sheen of the OFS whose floor price is fixed at Rs.67 per share
NALCO is a leading manufacturer and distributor of aluminium products in India
Tuesday, April 18, 2017
National Aluminium (NALCO) Offer for Sale (OFS) opens for subscription tomorrow
The floor price for the share sale is fixed at Rs.67/- per equity share. This is at around 8.8% discount over the closing market price of the share on BSE (Rs.73.45 per share)
NALCO is and India based manufacturer and distributor of aluminum products. National Aluminium Company Limited, abbreviated as NALCO (Incorporated in the year 1981) has units in Odisha at places like Angul and Damanjodi. It was incorporated as a public sector enterprise of the Ministry of Mines, Government of India.
The company is Asia's largest and the sixth largest, integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations
Click the links given below to check out more details on OFS
NALCO (Offer for Sale) Official BSE Notice Extract
The Floor Price for the Offer shall be INR 67/- (INR Sixty Seven Only) per equity share.
The Seller/Promoter will intimate the Exchange of its intention to exercise the Oversubscription (additional issue size) after trading hours (i.e. on or before 6.00 PM) on T day (April 19, 2017).
BSE is the Designated Stock Exchange for the issue.
NALCO Offer for Sale (OFS) Details
InfoBeans Technologies (SME IPO) Details
Issue Type: Fixed Price Issue IPO
Issue Size: 6,342,000 Equity Shares of Rs.10/- each
Face Value: Rs.10 per equity share
Issue Price: Rs.58 per equity share
Bid Lot: 2000 Equity shares
Listing At: NSE SME
Monday, April 17, 2017
Cochin Shipyard may come up with an IPO
There has been mounting pressure from the trade union. However, the management is determined to carry on with the IPO plan.
Cochin Shipyard Limited (CSL) is the largest shipbuilding and maintenance facility in India.[2] It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.[3]
Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. Presently it is building the first range of indigenous aircraft carriers for the Indian Navy, the Vikrant-class aircraft carriers
Stay tuned to Indian IPO Blog for latest updates on opening and closing dates, price band and other details of this IPO!
Friday, April 14, 2017
Government plans IPOs for these PSUs - Here's a look at company profiles
Here's a look at their individual company profiles:
1. MSTC IPO - MSTC Company Profile
2. North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile
3. Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile
4. Garden Reach Shipbuilders and Engineers (GRSE) IPO - Company Profile
5. Mazagon Dock Shipbuilders (MDL) IPO - Company Profile
6. Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile
Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile
MIDHANI specializes in manufacturing a wide range of superalloys, titanium, special purpose steels and other special metals and alloys meeting stringent international standards for application in aerospace, defence, atomic energy, power generation, chemical and various other high technology industries
Mishra Dhatu Nigam Limited (MIDHANI) was set up in 1976 at Hyderabad with the objective of proving the nation self reliance in strategic materials. For over three decades now, MIDHANI has been handling challenging tasks of developing alloys, taking a lead position in indigenization of critical technologies and products to render support to several programmes of National importance and hi-techsegments of India industry.
MIDHANI has now also started offering its core competence of developing and manufacturing custom made alloys to suit the specific requirements of customers for their critical applications
Mazagon Dock Shipbuilders (MDL) IPO - Company Profile
The shipyards of MDL were established in the 18th century. Ownership of the yards passed through entities including the Peninsular and Oriental Steam Navigation Company and the British-India Steam Navigation Company. Eventually, 'Mazagon Dock Limited' was registered as a public company in 1934. The shipyard was nationalised in 1960 and is now a Public Sector Undertaking of the Government of India
MDL builds offshore oil drilling platforms. It operates facilities at Alcock, Mumbai and at Nhava Yard for construction of platforms with wellhead, water injection and production separator and glycol process capabilities, as well as jackup rigs, SBMs and other offshore structures.
Repair and maintenance jobs on offshore rigs are undertaken at Alcock; jackets up to 80 m length and 2200 T weight can be constructed. At Nhava, jackets up to 80 m length and 2300 T weight, main decks up to 550 T weight and helipads of 160 T weight can be constructed. The yard builds specialist vessels able to clean oil spills and fight fires on offshore drilling platforms. A welding training school develops and maintains welding techniques and procedures to acceptable standards and continuous update of welding techniques
Garden Reach Shipbuilders and Engineers (GRSE) IPO - Company Profile
Garden Reach Shipbuilders and Engineers Ltd (GRSE) is the premier Warship building Company in India, under the administrative control of Ministry of Defence. GRSE since 1960, has built warships for various roles, starting from state of the art Frigates & Corvettes to Fast Patrol Boats.
GRSE has played an important role in the defence preparedness of the country and has risen to the occasion in the national mission of design and construction of warship indigenously. GRSE has built and supplied close to 700 vessels, to carry men and materials as well as for surveillance of the Coast Line. Apart from ship building and ship repair
GRSE is also one of the few versatile shipyards having its own Engineering and Engine Division. On 5th Sep 2006, GRSE got the status of Mini Ratna- Category I
GRSE has ship building facilities in Kolkata and Ranchi. The company has a large Computer Aided Design (CAD) centre for ship modelling and design. There are four workshops for plate preparation and steel fabrication.
GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT). It has a building berth and two slipways for hull construction. It has a covered all-weather non-tidal wet basin for fitting-out medium and small ships and another fitting-out complex for ships with three berths alongside. In addition, it has two river jetties for berthing smaller vessels up to 60 metres (200 ft) in length. GRSE has engine repair and overhaul facilities in Ranchi.
On 1 July 2006, GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC). RBD's facilities with its 600 metres (2,000 ft) waterfront helped alleviate some of GRSE's space constraints and increase its production capacity
As of 2011, the shipyard is undergoing a ₹530 crore (US$79 million) upgrade programme, expected to be completed by March 2012. The second phase of the upgrade programme began in June 2013
Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile
Bharat Dynamics Limited (BDL) has three manufacturing units, located at Kanchanbagh, Hyderabad, Telangana; Bhanur, Medak district, Telangana and Visakhapatnam, Andhra Pradesh. Miniratna PSU Bharat Dynamics Ltd (BDL) is under the administrative control of the Defence Ministry
BDL has been working closely with the user as well as the OEM in the upgradation of ATGMs to the class of tandem warhead ATGMs. MILAN - 2 has been upgraded to MILAN - 2T with a tandem warhead to defeat the ERA fitted to modern battle tanks. Similarly, Konkurs ATGM has been upgraded to Konkurs - M ATGM with a tandem warhead, with a similar advantage. This has led to providing more teeth to the soldier on the battlefield and mechanized infantry forces.
The authorised share capital is Rs 125 crore and the paid up equity capital is Rs 122.19 crore as on January 31, 2017. BDL earned a profit-after-tax of Rs 563.24 crore in 2015-16 and has a net worth of Rs 1,652.23 crore
North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile
The company was formed in April 1976 to plan, investigate, design, construct, generate, operate and maintain power stations in the North Eastern Region of the country. It has 60% of total installed capacity of North east region, which is 1287 MW.
NEEPCO's authorised share capital is Rs 5000 Crores at present and its net worth as of 31 March 2016 is Rs 6161.81 Crores. NEEPCO is a premier profit making corporation and also offers one of the best pay packages in the industry. The company has a plan to generate at least 1500 MW power from non-conventional sources of energy, especially by tapping solar power and wind in the next five years.
NEEPCO has already commissioned a 50 MW Solar Power Plant at Icchwar ,madhya Pradesh through Joint Venture Mode. NEEPCO has 4 power projects under development which include 110 MW Pare HEP, 600 MW Kameng HEP,60 MW Tuirial HEP and one 3 MW Solar Project.
MSTC IPO - MSTC Company Profile
MSTC became a subsidiary of SAIL in 1974. In 1982, it got delinked from SAIL and became an independent company under Ministry of Steel. It was a canalizing agency for import of ferrous scrap till 1992
MSTC Limited has endeavored to become one of the stalwarts of the nation's steel industry. The Marketing Division looks after the bulk procurement of industrial raw materials for its Principals. The sourcing is done either from foreign manufacturers / traders or from domestic producers.
The list of items that are procured includes HMS, HR Coil, Billets, Wire Rods, LAM Coke, Coking coal, Naphtha, Crude oil, Thermal coal etc which are mainly consumed by the steel, petroleum and power industries in the country
MSTC has emerged as a major player in the country for promoting e-commerce. It has presented with e-Auction portal namely, www.mstcecommerce.com which has become a popular tool for transacting business over the internet. The portal provides a virtual marketplace for domestic sellers and buyers to do business in metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, minerals and agriculture & forest produce etc. The methodology adopted includes open tender, public auction and e-auction
Six Public Sector companies to come up with IPOs
The list of IPOs which are planned to hit the streets is MSTC, NEEPCO, Bharat Dynamics Ltd, Garden Reach Shipbuilders & Engineers Ltd, Mazagoan Dock Shipbuilders Ltd and Mishra Dhatu Nigam Ltd. The government currently holds 100 per cent stake in all these six companies
Click below links to read company profile for each of above companies:
MSTC IPO - MSTC Company Profile
North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile
Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile
Garden Reach Shipbuilders and Engineers (GRSE) IPO - Company Profile
Mazagon Dock Shipbuilders (MDL) IPO - Company Profile
Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile
Wednesday, April 12, 2017
Cabinet approves listing of 11 CPSE
HUDCO IPO - 5 Key Facts you should know about HUDCO
HUDCO IPO may hit streets in first week of May now
The IPO of HUDCO Limited may get delayed according to sources to as long as first week of May 2017 now.
Earlier the likely date set for the opening of IPO was third week of April 2017
Housing and Urban Development Corporation Ltd (HUDCO) is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. Check back this space for latest updates on HUDCO IPO
Log on to http://indianipoblog.blogspot.in for more
Sunday, April 9, 2017
List of Expected Upcoming IPOs - 2017
( 1 ) Bharat Matrimony
( 2 ) SBI Life Insurance
( 3 ) Cochin ShipYard
( 4 ) NSE
( 5 ) CDSL
( 6 ) Vodafone
( 8 ) Eris Life Science
( 9 ) UTI MF
(10) HUDCO
(11) SIS
(12) Diamond Wafers
(13) Aster DM Healthcare Hospitals
(14) Sultan Chand & Co.
(15) Metropolis PathLab & Health Care
(16) Lodha Group Developers
(17) Paranjapee Builders
(18) UniParts IPO
S Chand and Company - Download Draft Red Herring Prospectus (DRHP)
Click here to download Draft Red Herring Prospectus for S Chand and Company Limited
Saturday, April 8, 2017
HUDCO IPO - Download Draft Red Herring Prospectus (DRHP)
Why do companies go for IPO? - Benefits of IPO
A: When a company lists its securities on a public exchange, the money paid by the investing public for the newly issued shares goes directly to the company (primary offering) as well as to any early private investors who opt to sell all or a portion of their holdings (secondary offering) as part of the larger IPO. An IPO, therefore, allows a company to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of debt, or working capital
After the IPO, when shares trade freely in the open market, money passes between public investors. For early private investors who choose to sell shares as part of the IPO process, the IPO represents an opportunity to monetize their investment
Following are some of the other benefits of the IPO to the company:
- Enlarging and diversifying equity base
- Enabling cheaper access to capital
- Increasing exposure, prestige, and public image
- Attracting and retaining better management and employees through liquid equity participation
- Facilitating acquisitions (potentially in return for shares of stock)
- Creating multiple financing opportunities: equity, convertible debt, cheaper bank loans, etc.
ReNew Power to come up with an IPO
"The IPO could be launched within the next 12 months and could be amongst the largest listings of shares in recent times," ReNew Power Chairman Sumant Sinha told ET without providing specific details about the listing
ReNew Power Ventures is an Indian renewable energy company headquartered in Gurgaon, Haryana, India. It is an Independent Power Producer (IPP) of clean energy with an installed capacity of more than 1000 MegaWatt across the states of Rajasthan, Madhya Pradesh, Haryana, Karnataka, Andhra Pradesh, Telangana, Maharashtra and Gujarat. ReNew Power commissioned its first wind farm project in Rajkot district in Gujarat in 2012
ReNew Power was established by Mr. Sumant Sinha in January 2011. Goldman Sachs committed US$200 million in Sept 2011. Further investments by Abu Dhabi Investment Group (US$200 M), Goldman Sachs(US$170 M), Asian Development Bank (US$50 M) and Global Environment Fund (US$35 M) have taken the total equity to US$655 million. In March 2016, ReNew Power secured a US$250 million line of long-term credit from the Overseas Private Investment Corporation (OPIC), an agency of the US government, for funding its solar projects. In February 2017, the company exchanged 10% stake for US$200 million from JERA Co, a major buyer of liquefied natural gas that is a joint venture between Tokyo Electric Power and Chubu Electric Power
KMS Medisurgi IPO (KMS Medisurgi SME IPO) Details
Issue closes on: Apr 17, 2017
Issue Type: Fixed Price Issue IPO
Issue Size: 900,000 Equity Shares of Rs.10
Face Value: Rs 10 per equity share
Issue Price: Rs 30 per equity share
Bid Lot: 4000 Equity Shares
Minimum Order Quantity: 4000 Shares
Listing At: BSE SME
Financial picture summarised
HUDCO IPO may be delayed
Thursday, April 6, 2017
Panache Digilife IPO (SME IPO) Details
Issue closes on: Apr 17, 2017
Issue Size: 1,800,000 Equity Shares of Rs 10
Face Value: Rs 10 per equity share
Price Band: Rs.75 to Rs.81 per equity share
Market Lot: 1600 Shares
Minimum Order Quantity: 1600 Shares
Listing At: NSE SME
IPO Application - Possible Reasons for rejections
IPO Non-Allotment / Rejection Reasons
1. Demat Account details furnished were found “Inactive”.
2. List of employees provided by the company does not reflect your name.
3. In terms of SEBI guidelines you are not considered as a QIB.
4. It is found that you have withdrawn your Bid.
5. More than One application found with same demat account details.
6. More than One application made with the same First holders name.
7. Amount paid was less than the price at which shares were allotted.
8. Applicant being Minor, not made by the Guardian.
9. Demat Account details furnished were found “Invalid”
10. Specimen signature(s) of the applicant(s) not affixed
11. Provision to bid at ” Cut-Off ” price is not applicable to HNI Category investors.
12. Amount paid with the application was insufficient to consider for allotment.
13. Partnership firms are not eligible to participate.
14. Residents of USA are not eligible for participating in IPOs in India.
15. Details of PAN Card required mandatorily, not furnished.
16. Details of demat account were not furnished.
17. Corporate Bodies cannot participate under Retail Investor Category.
18. Your bid against the application was not registered.
19. Your participation in IPO’s had been barred by SEBI.
20. Registration of your Bid was after 4PM on closing day of the Issue.
21. Application under ASBA with invalid demat account details.
22. Application under ASBA found with incorrect PAN Card details.
Wednesday, April 5, 2017
S Chand and Company IPO to open on April 26
IPO Open: 26 April 2017
IPO Close: 28 April 2017
Issue Size: Approx Rs. 650 Crores
Face Value: Rs. 5 Per Equity Share
Price Band: Rs.660 to Rs. 670 Per Share
Market Lot: 22 equity shares
Minimum Amount: Rs. 14,740
S Chand And Company Limited operates as an education content company in India. The company develops and delivers content, solutions, and services in the education K-12, higher education, and early learning segments.
Shankara Building IPO lists at sturdy premium
The equity shares of Shankara Building products listed at a decent premium of 25 percent over issue price.
The listing for the IPO which had got an overwhelming response with a oversubscription of 41.60 times, was more or less on the expected lines
The shares were trading at around Rs.623 up 35 percent over issue price as at 1:08 PM
Tuesday, April 4, 2017
S Chand and Company IPO - Company Profile
The company also provides digital data management services and digital content books to schools and colleges; solutions for higher education in colleges, universities, and technical institutes; and DTP printing, DTP jobs, page making, editing and proof reading, and cover designing services of books, journals, tabloids, magazines, bulletins, brochures, and periodicals in the form of hard copy, compact disks, and e-forms
S Chand And Company Limited operates as an education content company in India. The company develops and delivers content, solutions, and services in the education K-12, higher education, and early learning segments.
HUDCO IPO - Promoters and Objects to the Issue
The object of the issue are to:
1. Carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of the Company’s pre-offer paid up equity share capital company; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The Promoter to the HUDCO IPO is the President of India, acting through the Ministries.
HUDCO IPO - Company Profile
The company provides long term finance for construction of houses and to undertake housing and urban infrastructure development programs. Apart from the financing operations, Hudco offers consultancy services, promotes research and studies and help propagate use of local building materials, cost-effective and innovative construction technologies.
HUDCO offers loans for housing projects, such as urban and rural housing, co-operative housing, community toilets, slum upgradation, staff housing, repairs and renewals, private sector projects, land acquisition, and housing programs. They also offers take out finance for housing and infrastructure projects to state government, public agencies, and private corporate sector agencies.
Promoter of the company is the President of India, acting through the Ministries.
Shankara Building IPO to list on April 5
BSE Script Code: 540425
NSE Symbol: SHANKARA
Listing in: B Group of Securities
ISIN: INE274V01019
Issue Price: Rs.460/- per equity share
Face Value: Rs.10/- per equity share
Shankara Building IPO, which was open from 22-24 March, was subscribed 41.60 times. The price band was fixed at Rs.440 to Rs.460 per share. The portion for Qualified Institutional Buyers (QIBs) was subscribed 51.62 times, while that for non-institutional investors 90.68 times
Monday, April 3, 2017
S Chand and Company IPO Tentative Details
Issue Opens on: 24 April 2017
Issue Closes on: 26 April 2017
Issue Type: Book Built Issue IPO
Issue Size: 1,11,95,650 Equity Shares
Face Value: Rs 5 per Equity Share
Price Band: Rs.575 – Rs.580 per Equity Share
Market Lot: 25 shares
Listing At: NSE, BSE
Sunday, April 2, 2017
HUDCO IPO Tentative Dates and Schedule
HUDCO IPO : IPO Information ( Tentative)
Issue Opens on: 17 April 2017
Issue Closes on: 19 April 2017
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
Market Lot: 300 shares
Listing At: NSE, BSE
Tentative Schedule
13th April – Anchor Investors
14th April – Market Holiday
17th April – Offer Opens
19th April – Offer Closes
24th April – Finalisation of Basis of Allotment
25th April – Unblocking of ASBA
26th April – Credit to Demat Accounts
27th April – Listing on NSE & BSE