April 2017 - Indian IPO Blog

Indian IPO Blog

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Saturday, April 29, 2017

S Chand IPO concludes with a stunning 60 times oversubscription

April 29, 2017 0
S Chand IPO concludes with a stunning 60 times oversubscription
The S Chand IPO received bids for 45,72,01,910 shares against the total issue size of 76,85,284 shares.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 44.02 times and non institutional investors was oversubscribed by a massive 206.03 times. Retail investors category was oversubscribed 6.11 times.

The above subscriptions resulted in the IPO getting oversubscribed by as much as 60 times on an overall basis

Proceeds from the issue will be utilised for repayment and prepayment of loans as well as for general corporate purposes. The loan amount includes those taken by its subsidiary for funding the acquisition of Chhaya Prakashani

Friday, April 28, 2017

S Chand IPO latest subscription status update till 7 PM

April 28, 2017 0
S Chand IPO latest subscription status update till 7 PM

IRB InvIT Fund IPO to open on May 3

April 28, 2017 0
IRB InvIT Fund IPO to open on May 3
IRB InvIT Fund, which is sponsored by road developer IRB Infrastructure Limited will open its initial public offering for subscription on May 3, 2017

The issue comprised of a fresh issue aggregating up to Rs 4,300 crore by the Trust and an offer for sale of up to 3,47,61,770 units by IRB Infrastructure Developers, Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited

The price band IRB InvFund IPO is fixed at Rs 100-102 per share. The bids can be made for a minimum of 10,000 units and in multiples of 5,000 units thereafter.

Minimum application size for bidders other than anchor investors and strategic investors bidding in the anchor investor portion is Rs.10 lakh

The issue is being made through the book building process and in compliance with the InvIT regulations, wherein not more than 75% of the issue shall be available for allocation on a proportionate basis to institutional bidders.

Further, not less than 25% of the issue shall be available for allocation on a proportionate basis to other bidders, in accordance with the InvIT regulations.
IRB Infrastructure, which is the investment manager, reserves the option to retain oversubscription of up to 25% of the issue size in accordance with the InvIT regulations. The issue will constitute at least 25% of the total outstanding units on a post-issue basis

Stay tuned to Indian IPO Blog for more on this IPO

S Chand IPO Subscription status update till 5 PM

April 28, 2017 0
S Chand IPO Subscription status update till 5 PM

S Chand IPO Subscription status update till 3 PM

April 28, 2017 0
S Chand IPO Subscription status update till 3 PM

S Chand IPO subscription status update till 1.50 pm

April 28, 2017 0
S Chand IPO subscription status update till 1.50 pm

Did you apply to S Chand IPO? - Indian IPO Blog Voting Poll

April 28, 2017 0
Did you apply to S Chand IPO? - Indian IPO Blog Voting Poll

Indian IPO Blog Voting Poll on S Chand IPO
Click below to vote now

Did/Would you apply in S Chand IPO?

Yes, but only at minimum lot of 22 shares
Yes applied for more than 22 shares
Did not apply
surveys

Poll ends on Apr 29 2017 - 11.30 PM

Thursday, April 27, 2017

S Chand IPO Subscription status as on Day 2

April 27, 2017 0
S Chand IPO Subscription status as on Day 2

S Chand IPO Subscription status till second day - 2.30 PM

April 27, 2017 0
S Chand IPO Subscription status till second day - 2.30 PM

S Chand IPO subscribed fully

April 27, 2017 0
S Chand IPO subscribed fully
S Chand IPO has been subscribed fully on second day of its opening. The subscription status till 12.20 PM given below:

S. Chand Subscription status as at 12.20 PM
QIB 2.68
NII 0.24
Retail 1.18
Total 1.41

S Chand IPO - Here's what brokerage houses have to say

April 27, 2017 0
S Chand IPO - Here's what brokerage houses have to say
S Chand and Company IPO is open for subscription between Apr 26 and Apr 28. Here's what these brokerage houses have to say about the IPO:

GEPL Capital : Subscribe
S Chand & Company Ltd (SCHAND) stands to gain from operating leverage. At a P/E of 35xs of FY16 EPS. We believe that SCHAND. demands a discount to its domestic peers. We assign a Subscribe rating to the IPO.

LKP Research : Subscribe
We believe that its 7 decade legacy, leadership in K-12 education content market, strong margin & growth prospects have been captured well at the valuations of ₹ 660-670 per share where the scrip would trade at 39XFY16 earnings. We recommend a SUBSCRIBE on the S Chand IPO for listing gains.

Angel Broking : Subscribe
considering the company’s leadership position in K-12 market, strong brand recall and pan India reach along with higher revenue/PAT growth (revenue/PAT grew at a CAGR of 33%/36% over FY2012-16 v/s 11%/7.5% of Navneet), we believe that SCCL is rightly placed for further growth. Thus, we recommend a SUBSCRIBE on the issue.

Prabhudas Lilladher : Subscribe
considering strong parentage, branded portfolio, professional management, reducing debt profile post IPO, good growth opportunity & limited listed opportunities to play the Publishing segment, recommend ‘subscribe’ with a long term objective.

Hem Securities : Subscribe
At higher end of price band of Rs 660-670 ,co is bringing the issue p/e multiple of around 31. However looking after fundamentals like high growth prospects , strong brand name & leading position of co , we recommend "Subscribe" on issue for long term.

SMC Global Securities Ltd. : Subscribe ( 3 stars i.e. Fair)
The sales seasonality in its K-12 segment materially affects its operating revenue, margins and cash flows from quarter to quarter. Accordingly, as per the management estimates, its operating revenues and margins during the first three Fiscal quarters have typically been lower, compared to the fourth Fiscal quarter. Considering the seasonality of the business, an investor with long term prospect may opt the issue.

SPTULSIAN.com : Avoid
At Rs. 670, company’s market cap will be Rs. 2,325 crore and EV Rs. 2,458 crore. Based on estimated FY17 and FY18 EPS of about Rs. 21 and Rs. 26 respectively (including Chhaya), the PE multiples are 31x and 25x respectively. EV/EBITDA multiples are 14x and 12x for FY17 and FY18 respectively, which are quite rich. On expensive valuations, investors can give this IPO a miss.

DSIJ.in : Avoid
In the long run, we expect the company may give returns of about ~10% to its investors which is not so promising. Looking at margins pressure, lower growth prospects and high valuation, we recommend our investors to avoid subscribing to this IPO.

MONEYCONTROL.com : Avoid
At the upper price band of Rs 670, SCCL seems to be valued at approximately 45x FY17 (projected) earnings, which, in our opinion, is costlier than Navneet Education (trading at 25x FY17 expected earnings), which has a more diversified business model and comparatively better operational/return ratios. We suggest the investors to avoid the issue for the time being and wait for a better re-entry opportunity in the secondary market.

HUDCO IPO Issue size (Categorywise)

April 27, 2017 0
HUDCO IPO Issue size (Categorywise)
HUDCO IPO Issue Size:
Equity Shares outstanding prior to the Issue = 2,00,19,00,000 Equity Shares
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

Category-wise Break up:
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)

April 27, 2017 0
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

April 27, 2017 0
HUDCO IPO opens on May 8
The IPO of Housing Urban and Development Corporation (HUDCO) would open for subscription from May 8, 2017. 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

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

Sunday, April 23, 2017

S Chand IPO - 5 Key Facts you should know about S Chand and Co

April 23, 2017 0
S Chand IPO - 5 Key Facts you should know about S Chand and Co
5 Key Facts about S Chand and Company

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

April 23, 2017 0
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

April 23, 2017 0
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

Wednesday, April 19, 2017

National Aluminium Company (NALCO) Offer for Sale (OFS) - NSDL Announcement

April 19, 2017 0
National Aluminium Company (NALCO) Offer for Sale (OFS) - NSDL Announcement
Government of India has made an announcement to sell up to 10% of National Aluminium Company Limited (ISIN INE139A01034) through offer for sale (OFS) mechanism.

The key details in this context are given below:

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

Name of company whose shares are proposed to be sold: National Aluminium Company Limited (ISIN INE139A01034)

Name of stock exchanges where orders shall be placed: NSE and BSE

Date and time of opening the offer for retail investors: April 20, 2017 at 9.15 a.m.

Date and time of closing the offer for retail investors: April 20, 2017 at 3.30 p.m.

Floor Price: Rs.67 per share

Retail Discount: Retail investors will be allocated offer shares at the discounted price i.e. at a discount of 5% to the Cut-off price in accordance with the OFS Guidelines. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price

Zota Healthcare (SME IPO) Details

April 19, 2017 0
Zota Healthcare (SME IPO) Details

Zota Healthcare (SME IPO) Details

Issue Opens on 25/04/2017
Issue Closes on 28/04/2017
Price Band:- Rs.121 to Rs.125
Bid Lot: 1000
Amount: Rs.1,25,000/-
Issue Size: Rs.58 Crore (Biggest SME IPO)
Listing on: NSE Emerge

NALCO shares tumble 7 percent on OFS day

April 19, 2017 0
NALCO shares tumble 7 percent on OFS day
The equity shares of National Aluminium Company (NALCO) crashed around 7% on the day of Offer for Sale (OFS) as the price has moved more closer to the floor price of the OFS

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

April 18, 2017 0
National Aluminium (NALCO) Offer for Sale (OFS) opens for subscription tomorrow
Government of India has planned to divest upto 10% stake in National Aluminium (NALCO) Limited vide Offer for Sale (OFS), which will open for subscription for Non Retail category on Wednesday, April 19, 2017 and for Retail category on Thursday, April 20, 2017.

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

April 18, 2017 0
NALCO (Offer for Sale) Official BSE Notice Extract
All Market Participants are hereby informed that, The President of India acting through and represented by the Ministry of Mines, Government of India, (the “Promoter”) proposes to  sell up to  9,66,46,444 (5%) equity shares of the Company of face value of INR 05/- each with an additional option to sell up to 9,66,46,444 (5%) equity shares of the company  ("Offer Shares"), on April 19, 2017 (for non-Retail Investors) and April 20, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids)


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

April 18, 2017 0
NALCO Offer for Sale (OFS) Details
Issue open on: April 19, 2017 (For Non Retail) and April 20, 2017 (Retail category)
Name of the Seller: The President of India, acting through and represented by the Ministry of Mines, Government of India
Number of shares being offered for sale: 
Upto 9,66,46,444 equity shares (Base offer Size) and Upto 9,66,46,444 equity shares (Oversubscription option)
Face Value: Rs.5/- per share
Floor Price: Rs.67/- per share
Reservation portion for Retail: 20%
Discount to Retail: 5% to the cut-off price

InfoBeans Technologies (SME IPO) Details

April 18, 2017 0
InfoBeans Technologies (SME IPO) Details
Issue Open: Apr 18, 2017 - Apr 21, 2017
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

April 17, 2017 0
Cochin Shipyard may come up with an IPO
Cochin Shipyard Limited is planning a proposal to issue an IPO of 3,39,84,000 equity shares of Rs.10 each amounting to an equity capital of Rs.33.98 crores. It is likely to comprise a fresh issue of 2,26,56,000 equity shares and sale of the Government of India’s stake in the yard worth 1,13,28,000 equity shares of Rs.10 through a public offering in the domestic market.

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

April 14, 2017 0
Government plans IPOs for these PSUs - Here's a look at company profiles
The government has identified six profit making PSUs for exploring the capital markets in the current fiscal and listing on stock exchanges.

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

April 14, 2017 0
Mishra Dhatu Nigam (MIDHANI) IPO - Company Profile
Mishra Dhatu Nigam Limited abbreviated as MIDHANI, is a specialized metals and metal alloys manufacturing facility in India, located in Hyderabad, Telangana. MIDHANI is an ISO 9001:2000 company with modern metallurgical facilities and technical competence

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

April 14, 2017 0
Mazagon Dock Shipbuilders (MDL) IPO - Company Profile
Mazagon Dock Limited (MDL) is India's prime shipyard. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships and ferries.

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

April 14, 2017 0
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

April 14, 2017 0
Bharat Dynamics (BDL) IPO - Bharat Dynamics Company Profile
Bharat Dynamics Limited (BDL) is one of India's manufacturer of ammunitions and missile systems. It was founded in 1970 in Hyderabad, Telangana. The company was established in the year 1970 to be a manufacturing base for guided weapon systems. Begun with a pool of engineers drawn from DRDO and aerospace industries, Bharat Dynamics began by producing a 1st Generation Anti Tank Guided Missile-the French SS11B1. This product was a culmination of a Licence Agreement the Government of India entered into with Aerospatiale, France.

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

April 14, 2017 0
North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile
North Eastern Electric Power Corporation Limited (NEEPCO) is a schedule -A 'MINI RATNA 'Category-1 Central public sector Enterprise owned by the Government of India under the Ministry of Power.

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

April 14, 2017 0
MSTC IPO - MSTC Company Profile
MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. The company was set up in September 1964 to act as a regulating authority for export of ferrous scrap with an investment of Rs 6 lakh. Government of India, Members of Steel Arc Furnace Association and members of ISSAI had made with the investment.

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

April 14, 2017 0
Six Public Sector companies to come up with IPOs
If the recent news is anything to go by, the IPO market is all set to extend the craziness with the Government deciding to list six of its profit making public sector companies. The government has identified six profit making PSUs, including four from defence sector, for accessing the capital market in the current fiscal and listing on stock exchanges

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

April 12, 2017 0
Cabinet approves listing of 11 CPSE
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved listing of 11 Central Public Sector Enterprises (CPSEs), including Indian Railway Catering and Tourism Corporation, on stock exchanges.

The other CPSEs that will be listed are the Rail Vikas Nigam Ltd, IRCON International Ltd, Indian Railway Finance Corporation (IRFC) Ltd, RITES (earlier known as Rail India Technical and Economic Service), Bharat Dynamics Ltd (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon Dock Shipbuilders Ltd (MDSL), North Eastern Electric Power Corporation (NEEPCO), Mishra Dhatu Nigam Ltd. (MIDHANI) and MSTC Ltd.

"Listing of CPSEs will be through public offer of shares up to 25 per cent of government's shareholding, which may include offer of fresh shares for raising of resources from market,", said a Finance Ministry statement.

HUDCO IPO - 5 Key Facts you should know about HUDCO

April 12, 2017 0
HUDCO IPO - 5 Key Facts you should know about HUDCO
1. Housing and Urban Development Corporation Ltd (HUDCO) is a wholly-owned Government company in business of providing loans for housing and urban infrastructure since 46 years

2. The company is conferred the status of "Miniratna" by the Government

3. Company's Promoter is the President of India, acting through the Ministries

4. Company has earned a profit margin averaging to around 22 percent in last 5 years
5. Shares are likely to be offered in a price band of Rs. 48 to Rs. 50 per equity share. As compared to this, the company has managed a EPS of around Rs.3.8 in the last 3 years which translates roughly to a PE of 13x (There are no listed peers to compare the same. Hence needs to be judged individually)

HUDCO IPO may hit streets in first week of May now

April 12, 2017 0
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

April 09, 2017 0
List of Expected Upcoming IPOs - 2017
List of Upcoming IPOs in 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)

April 09, 2017 0
S Chand and Company - Download Draft Red Herring Prospectus (DRHP)
S Chand And Company Limited is coming up with IPO which will hit the markets soon. S Chand and Company 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.

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)

April 08, 2017 0
HUDCO IPO - Download Draft Red Herring Prospectus (DRHP)

Housing and Urban Development Corporation Ltd (HUDCO), a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India, is coming up with an Initial Public Offering which is expected to hit the streets soon

The IPO is likely to consist of 200,190,000 Equity Shares of Rs.10/- each. 

Click here to download HUDCO IPO - Draft Red Herring Prospectus filed with SEBI

Why do companies go for IPO? - Benefits of IPO

April 08, 2017 0
Why do companies go for IPO? - Benefits of IPO
Q: Why do companies come up with an 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

April 08, 2017 0
ReNew Power to come up with an IPO
India's largest clean energy producer ReNew Power is planning to come up with an initial public offering (IPO) of shares to raise up to $600 million after it closed the latest round of funding from Japan's JERA, a joint venture between Tokyo Electric Co. and Chubu Electric Co that valued it at $2billion, said people directly aware of the plans.

"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

April 08, 2017 0
KMS Medisurgi IPO (KMS Medisurgi SME IPO) Details
KMS Medisurgi IPO (KMS Medisurgi SME IPO) Details

Issue opens on: Apr 12, 2017
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

April 08, 2017 0
Financial picture summarised

HUDCO IPO may be delayed

April 08, 2017 0
HUDCO IPO may be delayed
The IPO of HUDCO Limited may get delayed according to sources. Earlier the likely date floating around for the opening of IPO was 17-Apr-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

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.

Thursday, April 6, 2017

Panache Digilife IPO (SME IPO) Details

April 06, 2017 0
Panache Digilife IPO (SME IPO) Details
Issue opens on: Apr 11, 2017
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

April 06, 2017 0
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

April 05, 2017 0
S Chand and Company IPO to open on April 26
S Chand and Company is coming up with an IPO which will hit the streets in the last week of April. The company has their business of education content. They are providing their content services to K-12, higher education and other learning segments.

The company provides digital content to schools, colleges and pre-schools as well. They have big brands like Vikas, S Chand and Madhuban with export business in Asia, Middle East and Africa

S Chand and Company IPO Dates & Price Band:
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

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.

Shankara Building IPO lists at sturdy premium

April 05, 2017 0
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

April 04, 2017 0
S Chand and Company IPO - Company Profile
S Chand and Company is planning to come up with an IPO. S Chand and Company is involved in publishing, printing, sale, purchase, export, and import of various books and other literary work; agency ship and distribution of publishers for books and other literary work; selling of educational toys; and publishing books for children, schools, colleges, and universities, as well as digital content and interactive learning systems to schools and running pre-schools.

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

April 04, 2017 0
HUDCO IPO - Promoters and Objects to the Issue
Housing and Urban Development Corporation (HUDCO) is planning to come up with an IPO which will hit the markets very soon.

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

April 04, 2017 0
HUDCO IPO - Company Profile
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.

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

April 04, 2017 0
Shankara Building IPO to list on April 5
Shankara Building Limited would list its equity shares on April 5, 2017. Details of Shankara Building IPO Listing as given below:

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

April 03, 2017 0
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

April 02, 2017 0
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

Saturday, April 1, 2017

What is SME IPO? - Back to Basics

April 01, 2017 0
What is SME IPO? - Back to Basics
SME stands for Small and Medium Enterprises. SME is a company which should have a paid up capital of Rs 3 crore and the same should be the net worth as well as its net tangible assets. Also, companies should have at distributable profits in terms of Section 124 of the Companies Act 2013, least two years of our immediately preceding three financial years (excluding extraordinary income)

SME is a separate platform opened up by Stock Exchanges in India to help SMEs to raise fund through investors in stock market.

Bombay Stock Exchange BSE, countries oldest stock exchange offers platform called 'BSE SME' for SMEs. National Stock Exchange (NSE), the largest stock exchange in India offers platform called 'EMERGE' for SMEs.

For SME stocks to get listed and being traded on exchange, company has to come up with an Initial Public Offer (IPO) at exchnage's SME platform

Shankara BuildPro IPO Allotment Basis

April 01, 2017 0
Shankara BuildPro IPO Allotment Basis

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 ...