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!