Just Dial, which is coming up with an IPO from May 20, 2013, has announced that the company will offer a Retail Discount and a Safety Net mechanism for the benefit of investors

The IPO, which received a CRISIL IPO Grade 5/5 indicating strong fundamentals, will remain open for subscription till May 22, 2013 and consists of shares having Face Value of Rs.10/- each, offered in a price band of Rs.470/- to Rs.543/- per equity share. CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. (It may be however, be noted that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals)

Just Dial has offered a discount of 10% on the floor price to the retail individual investors. Just Dial has also announced that it will offer a safety net mechanism which will be available to all retail individual investors applying in IPO for amount up to Rs.50,000. The safety net would be triggered in case the price of the share fall over 20% from the issue price

Retail Individual Investors would be entitled to a discount in the upcoming Initial Public Offer of Bharti Infratel from the Bharti Group. The price band for the IPO is fixed at Rs.210/- to Rs.240/- per equity share. The IPO would run between December 11, 2012 and December 14, 2012

Bharti Infratel Ltd. is expected raise as much as Rs.4,530 crore through the divestment of a 10% stake. According to Bloomberg, the largest IPO prior to this was of state-run Coal India Ltd, which raised some $3.5 billion in October 2010. Bharti Infratel is a provider of tower and related infrastructure. Bharti Infratel and Indus currently provide access to their towers primarily to wireless telecommunications service providers. Bharti Infratel's and Indus's three largest customers are Bharti Airtel (together with Bharti Hexacom), Vodafone India and Idea Cellular

The discount would be 5% on the final issue price subject to Rs.10 per equity share. In India, Bharti Infratel has over 34,000+ towers, across 18 states, and 11 Telecom circles

The Equity Shares of PG Electroplast Limited would be listed and admitted to the dealings on the exchanges with effect from Monday, September 26, 2011. The following are the Listing Details:

PG Electroplast Limited Listing Info:
ISIN: INE457L01011
Listing Date: Monday, September 26, 2011
BSE Scrip Code: 533581
NSE Symbol: PGEL
Listing Group: 'B' Group of Securities
Issue Price: Rs. 210/- per equity share

PG Electroplast Ltd is engaged in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India

Retail Investors planning to invest in IPOs have a bit of good news coming their way with the market regulator Securities and Exchange Board of India (SEBI) announcing vide a circular that discounts being offered to retail investors in a public issue should be adjusted for at the time of filing the application itself

Many companies raising capital in the market, particularly Government-owned companies and PSUs, offer a discount to Retail Investors and Eligible Employees. However, it is to be noted that the discount is offered on the final issue price of the IPO or the FPO, which is generally fixed after the issue closes for subscription. Consequently, what happens is that although there is a discount declared for the Retail Investors, they still have to pay in or block the entire amount at the time of applying for the IPO or FPO. The discount is given at the time of allotting the shares and consequently, the extra amount is refunded (or released in case of ASBA). This, however, will not be the same with the aforesaid circular coming into picture. Retail Investors will now be able to avail this discount at the time of making the payment itself while applying in any IPO or FPO

This rule would be applicable on public offer documents filed on or after June 15, 2011. What the move would also mean for the Retail Investors is that now for the same amount of money, the Retail Investors would be able to buy slightly higher number of shares in an IPO or FPO

The Issue Price for Equity Shares offered under Power Finance Corporation (PFC) Follow-on Public Offer (FPO) is set at Rs.203/- per equity share, which is the upper end of the price band of Rs.193/- to Rs.203/- per equity share

Retail Investors and Eligible Employees will get a 5% discount on the Issue Price, which means that these categories of investors would get equity shares at Rs.192.85 per equity share. Power Finance Corporation (PFC) FPO, which closed for subscription on Friday, May 13, 2011 was subscribed 4.34 times on an overall basis and 2.00 times in the Retail Category. The Employees portion was bid 0.91 times

Stay tuned for the latest updates on Power Finance Corporation (PFC) Allotment Status, Power Finance Corporation (PFC) Listing Dates and more details on the FPO!

The price band for the IPO of PTC India Financial Services (PFS), which opened for subscription today, was fixed at Rs.26/- to Rs.28/- per equity share. The Retail Category of Investors would be offered a discount of Re.1/- per share on the final issue price

PTC India Financial Services IPO consists of 156,700,000 Equity Shares Of Rs 10/- Each (including Anchor Portion of 23,505,000 equity shares)

According to the company's website, PTC India Financial Services Ltd (PFS) is promoted by PTC India Ltd (PTC) as a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc. PFS also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development

The Issue Price for the FPO of Tata Steel Ltd. has been fixed at the upper end of the price band, i.e. at Rs.610/- per equity share for shares of Rs.10/- each. The price band for the FPO was earlier fixed at Rs.594/- to Rs.610/- per equity share. The share of Tata Steel closed at Rs.629.60 on Friday, January 21, 2011

Tata Steel FPO was subscribed just above 6 times on an overall basis. The FPO had managed to garner good support from the QIB and HNI Categories, which were firmly bid. The Retail Investors have also chipped in with above 1.50 times subscription

Stay tuned for the latest updates on Tata Steel FPO!