Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

Click here to download the ICRA IPO Grading Document for C Mahendra Exports Ltd.

The year 2010 has seen as many as 65 IPOs hitting the streets with some rewarding the investors handsomely, while some others disappointing with their performance. While Coal India IPO remains a favorite for many Retail Investors due to the sheer absolute gain reaped, here's a look at the top gainers amongst IPOs in 2010 in terms of percentage gain based on a comparison of Issue Price with Market Prices at the close of 2010

1. Jubilant Food Works IPO
Jubilant Foodworks Ltd. tops the list of gainers based on market price at the close of 2010, Jubilant Foodworks Ltd. which runs the Indian franchise for global fast food chain Domino's Pizza, came up with an IPO in January 2010. The IPO was overbid about 31 times and the Issue Price was fixed at Rs.145/- per share. Jubilant Food Works Ltd. has appreciated marvelously since then with current price of Rs.624.60 - a stunning return of about 331% in a period of about 12 Months

2. Thangamayil Jewellery IPO
Thangamayil Jewellery Limited (TJL), the jewellery retailer in Madurai, comes second on the list with current market price of about Rs.168/- as against an Issue Price of Rs.75/- per share, yielding a hefty return of close to 124% over the Issue Price

3. Talwalkars Better Value Fitness IPO
Talwalkars Better Value Fitness Limited, owner of one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling, came up with an IPO in mid-2010 and received an awesome response with the IPO overbid close to 28 times. The stock has witnessed close to 110% appreciation with the stock currently trading at around Rs.270/- as against an Issue Price of Rs.128/- per share

ISIN: INE608A01012
Listing Date: Thursday, December 30, 2010
BSE Scrip Code: 533295
NSE Symbol: PSB
Listing Group: 'B' Group of Securities
Issue Price: Rs. 120/- Equity Share (Rs. 114/- for Retail and Employees category)

The Equity Shares of Punjab and Sind Bank will be listed and admitted to the dealings on the exchanges with effect from Thursday, December 30, 2010 in the 'B' Group of Securities

Punjab and Sind Bank IPO, which closed for subscription on Thursday, December 16, 2010, was finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times

Check back Indian IPO Blog for Punjab and Sind Bank Listing day updates!

The price band for the upcoming IPO of C Mahendra Exports Ltd. is set at Rs.95/- to Rs.110/- per equity share for shares having a Face Value of Rs.10/- each. Correspondingly, the bid lot or the minimum lots in which the bids can be made would be 60 Equity Shares and in multiples thereof

C Mahendra Exports is entering capital market with an initial public offer (IPO) of 1.5 Crore Equity Shares of Rs.10/- each. C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery. C Mahendra Exports sells jewellery products like rings, earrings, necklace sets, bracelets, etc. under their flagship brand "Ciemme"

Check back Indian IPO Blog for latest updates on C Mahendra Exports IPO!

The category was over subscribed 1.567 times. The spill over portion from QIB Category was 3436580 Equity Shares. There were 1297 applications for 2,109,300 equity shares made under ASBA process, of these 1243 applications for 2,078,400 equity shares were found valid and they were considered for allotment. The total number of shares allotted in this category is 7461580 Equity Shares to 5798 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications	% to total	Total No. of Equity Shares applied	% of total	No. of Equity Shares allocated	Ratio of Allottees to Applicants	Total No. of Equity Shares allotted
100	759	12.5	75900	0.65	100	16:25	48600
200	259	4.27	51800	0.44	128	1:1	33152
300	90	1.48	27000	0.23	191	1:1	17190
Additional					1	22:45	44
400	61	1	24400	0.21	255	1:1	15555
500	68	1.12	34000	0.29	319	1:1	21692
600	18	0.3	10800	0.09	383	1:1	6894
700	21	0.35	14700	0.13	447	1:1	9387
800	24	0.4	19200	0.16	510	1:1	12240
900	8	0.13	7200	0.06	574	1:1	4592
1000	44	0.72	44000	0.38	638	1:1	28072
1100	2	0.03	2200	0.02	702	1:1	1404
1200	2	0.03	2400	0.02	766	1:1	1532
1300	2	0.03	2600	0.02	830	1:1	1660
1400	11	0.18	15400	0.13	893	1:1	9823
1500	1987	32.73	2980500	25.49	957	1:1	1901559
1600	7	0.12	11200	0.1	1021	1:1	7147
1700	2	0.03	3400	0.03	1085	1:1	2170
1800	1	0.02	1800	0.02	1149	1:1	1149
1900	1	0.02	1900	0.02	1212	1:1	1212
2000	3	0.05	6000	0.05	1276	1:1	3828
2100	1	0.02	2100	0.02	1340	1:1	1340
2200	2	0.03	4400	0.04	1404	1:1	2808
2300	4	0.07	9200	0.08	1468	1:1	5872
2400	1	0.02	2400	0.02	1531	1:1	1531
2500	2	0.03	5000	0.04	1595	1:1	3190
2600	2	0.03	5200	0.04	1659	1:1	3318
2700	1	0.02	2700	0.02	1723	1:1	1723
2800	1	0.02	2900	0.02	1850	1:1	1650
2900	60	0.99	180000	1.54	1914	1:1	114840
3100	2627	43.27	8143700	69.64	1978	1:1	5196206

C Mahendra Exports is entering capital market with an initial public offer (IPO) of 1.5 Crore Equity Shares of Rs.10/- each. C. Mahendra Exports Ltd., is one of the leading diamantaire and jewelry company with a wide spread around the world

C.Mahendra Exports group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

Stay tuned for more on C Mahendra Exports IPO!

The Equity Shares of Ravi Kumar Distilleries Ltd. are to be listed on the exchanges with effect from Monday, December 27, 2010. Ravi Kumar is engaged in the business of manufacturing Indian made foreign liquor (IMFL)

Ravikumar Distilleries IPO had received a mixed response from the investors. While the IPO managed to gather good response from HNI and Retail Category, the subscription from the QIB Category was quite lackluster

Stay tuned to Indian IPO Blog for Listing Day updates on Ravi Kumar Distilleries Ltd.

ISIN: INE722J01012
Listing Date: Monday, December 27, 2010
BSE Scrip Code: 533294
NSE Symbol: RKDL
Listing Group: 'B' Group of Securities
Issue Price: Rs. 64/- per equity share

Issue Size: 12,000,000 Equity Shares of Rs.10/- each 

Issue Opens on: Monday, December 27, 2010
Issue Closes on: Wednesday, December 29, 2010
Issue Type: Fixed Price Issue IPO
Issue Price: Rs.30/- per equity share
Bid Lot: 200 Equity Shares and in multiples thereof
Lead Manager: Hem Securities Limited
Registrar: Sharex Dynamic (India) Pvt. Ltd.

Shekhawati Poly-Yarn IPO is a Fixed Price Issue with a Fixed Price of Rs.30/- per equity share. Correspondingly, the bid lot or the minimum lot for the Issue is fixed at 200 Equity Shares and in multiples thereof

Shekhawati Poly-Yarn IPO consists of 12,000,000 Equity Shares, having a Face Value of Rs.10/- each and would open for subscription from Monday, December 27, 2010. Hem Securities Limited is the Book Running Lead Manager (BRLM) to the Issue, while Sharex Dynamic (India) Pvt. Ltd. is the Registrar to the Issue. Shekhawati Poly-Yarn IPO would remain open for subscription till Wednesday, December 29, 2010

Shekhawati Poly-Yarn is manufacturer of Polyester Texturised Yarn (PTY), which is mainly used for manufacturing apparels i.e. suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery

Stay tuned to Indian IPO Blog for latest updates on Shekhawati Poly-Yarn IPO!

Shekhawati Poly-Yarn is entering capital markets with an IPO of about 1.2 Crore Equity Shares. Shekhawati Poly-Yarn is presently engaged in manufacturing of texturised and twisted yarn

According to the company's website, the Company commenced manufacturing activities under the stewardship of Mr.Mukesh Ruia and Mr.Ramniranjan Ruia. The company has been in the Polyester Industry for more than a decade and since incorporation has been engaged solely into the manufacture of Polyester Texturised Yarn (PTY), which is used in the process of weaving of fabric used for suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain & industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery

Shekhawati Poly-Yarn IPO would remain open for subscription between Monday, December 27, 2010 and Wednesday, December 29, 2010. The IPO is a Fixed Price Issue with Issue Price of Rs.30/- per equity share

Stay tuned for more on Shekhawati Poly-Yarn IPO!

The Retail Category was subscribed to the extent of 6.25 times. There were a total of 308,395 applications for 187,183,150 Equity Shares out of which 88,125 applications for 46,573,850 Equity Shares were made under ASBA process. Of these 303,639 applications for 185,199,050 Equity Shares were found valid and they were considered for allotment at a price of Rs.133 per Equity Share. The total number of Equity Shares allotted in Retail Individual Bidders category is 29,623,556 Equity Shares which were allotted to 241,081 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications	% to total	Total No. of Equity Shares applied	% of total	No. of' Equity . Shares allotted	Ratio	Total No. of Equity Shares allotted
50	27,300	8.99	1,365,000	0.74	50	4:25	218,400
100	31,721	10.45	3,172,100	1.71	50	8:25	507,550
150	14,681	4.84	2,202,150	1.19	50	12:25	352,350
200	22,274	7.34	4,454,800	2.41	50	16:25	712,750
250	9,273	3.05	2,318,250	1.25	50	4:5	370,900
300	9,308	3.07	2,792,400	1.51	50	16:17	438,000
350	14,980	4.93	5,243,000	2.83	56	FIRM	838,880
Additional (for category 350 shares only)					1	5:102	734
400	7,082	2.33	2,832,800	1.53	64	FIRM	453,248
450	2,161	0.71	972,450	0.53	72	FIRM	155,592
500	10,713	3.53	5,356,500	2.89	80	FIRM	857,040
550	1,905	0.63	1,047,750	0.57	88	FIRM	167,640
600	2,492	0.82	1,495,200	0.81	96	FIRM	239,232
650	1,370	0.45	890,500	0.48	104	FIRM	142,480
700	73,537	24.22	51,475,900	27.80	112	FIRM	8,236,144
750	3,010	0.99	2,257,500	1.22	120	FIRM	361,200
800	1,059	0.35	847,200	0.46	128	FIRM	135,552
850	556	0.18	472,600	0.26	136	FIRM	75,616
900	798	0.26	718,200	0.39	144	FIRM	114,912
950	286	0.09	271,700	0.15	152	FIRM	43,472
1000	2,745	0.90	2,745,000	1.48	160	FIRM	439,200
1050	723	0.24	759,150	0.41	168	FIRM	121,464
1100	614	0.20	675,400	0.36	176	FIRM	108,064
1150	222	0.07	255,300	0.14	184	FIRM	40,848
1200	439	0.14	526,800	0.28	192	FIRM	84,288
1250	366	0.12	457,500	0.25	200	FIRM	73,200
1300	267	0.09	347,100	0.19	208	FIRM	55,536
1350	260	0.09	351,000	0.19	216	FIRM	56,160
1400	63,496	20.91	88,894,400	48.00	224	FIRM	14,223,104

ISIN: INE562G01018
Listing Date: Monday, December 20, 2010
BSE Scrip Code: 533288
NSE Symbol: CLARIS
Listing Group: 'B' Group of Securities
Issue Price: Rs.228/- per equity share

The Equity Shares of Claris Lifesciences Ltd. will be listed and admitted to the dealings on the exchange with effect from Monday, December 20, 2010. Claris Lifesciences Ltd. IPO was finally subscribed fully consequent to extension and Revision of Price Band. The Issue Price of the Claris Lifesciences IPO was fixed at Rs.228/- per equity share

Claris Lifesciences Limited (CLL) is an Ahmedabad based pharmaceutical company. Claris is the largest Indian sterile injectables pharmaceutical companies with a presence in 76 countries worldwide. Claris offers 113 products across multiple markets and therapeutic areas. All of these products are off-patent products

Punjab and Sind Bank IPO, which closed for subscription yesterday on Thursday, December 16, 2010, has been finally oversubscribed by excellent oversubscription figures, the overall subscription being a staggering 50.75 times. The IPO has been receiving a wonderful response from its opening and has seen solid support across the board from all the categories of investors

In the Retail Category, Punjab and Sind Bank IPO has received bids for 591240650 Equity Shares as against 13300000 Equity Shares offered / reserved for the category, thus lifting the oversubscription in the category to an extraordinary 44.45 times. Owing to this, the allotment to even the highest applicants in the Retail Category is expected to be on a lottery basis

The subscription in the QIB and HNI Category has also been concrete with those categories getting overbid 49.80 times and 85.84 times respectively. Besides, the Employees category is also fully subscribed at 1.61 times

Check back Indian IPO Blog for Punjab and Sind Bank IPO Allotment Status, Basis of Allotment, Listing Dates and other updates on Punjab and Sind Bank IPO!

QIB: 49.80 times
Non-Institutional Investors: 85.84 times
Retail: 44.45 times
Employees: 1.61 times
Overall: 50.75 times

The Retail Category for MOIL Limited IPO was subscribed to the extent of 31.59 times. The total number of shares allotted in Retail Individual Investor category is 11,634,647 Equity Shares which were allotted to 684391 successful applicants. The category-wise details of the Basis of Allocation are as under:

No. of Sh Applied		No. of Sh Allotted		Ratio
17		17		1:31
34		17		3:47
51		17		2:21
68		17		6:47
85		17		6:37
102		17		6:31
119		17		7:31
136		17		8:31
153		17		9:31
170		17		10:31
187		17		6:17
204		17		13:34
221		17		13:31
238		17		15:34
255		17		9:19
272		17		1:2
289		17		19:35
306		17		19:33
323		17		20:33
340		17		7:11
357		17		2:3
374		17		23:33
391		17		8:11
408		17		29:38
425		17		26:33
442		17		43:53
459		17		28:33
476		17		51:58
493		17		10:11
510		17		31:33
527		17		49:50

ISIN: INE490G01020
IPO Listing Date: Wednesday, December 15, 2010
BSE Scrip Code: 533286
NSE Symbol: MOIL
Listing Group: 'B' Group of Securities
Issue Price: Rs. 375.00 per equity share (Rs.356.25/- for Retail and Employees category)