The calendar year 2011 was not the best of the years when it came to Indian Capital Markets and particularly for the IPO market. However, there were three companies that have so far excelled in performance post listing (in terms of current market price):

1. Onelife Capital Advisors Ltd.
Onelife Capital Advisors is a financial service company offering investment banking services and portfolio management and equity broking services. Company is focused on nurturing small and medium sized enterprises (SME) companies to source capital in various forms. The company came out with an IPO at an Issue Price of Rs.110/- per equity share. The share is currently ruling at around Rs.260/-. The company is still in loss making stages and it is surprising to see it maintain the such high prices

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2. Aanjaneya Lifecare Ltd.
The company, a Mumbai-based pharma company is engaged in the manufacture of anti-malarial active pharmaceutical ingredients (APIs) and herbal medicines, inhalers, lozenges and animal health products, came out with its IPO in May, 2011 and has since maintained for a larger part, a gain of more than 100% over the issue price. The company is the world's third-largest manufacturer of quinine salts used in the treatment of malaria. It is also one of the country's largest contract manufacturers of codeinebased cough syrups

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3. Rushil Decor Ltd.
Rushil Decor came up with an IPO of Equity Shares in June 2011. Rushil Decor Ltd. is a flagship company of the Rushil Group which is a leading Indian manufacturer of decorative high pressure laminates and plain particle boards. The group operates in India and internationally with brand names of Vir laminate and Rushil decor premium laminate. They have four manufacturers of particle board products and decorative laminated products in Gujarat state. Vir Laminate is the largest seller of Laminated sheets and Particle Board in India. The Issue Price of the IPO was fixed at Rs.72/- per share while the stock is currently ruling at around Rs.140/- per share

Goodwill Hospital IPO has remained unsubscribed till the second day of its opening. The IPO which opened from December 30, 2011 has not received any subscription till Day 2, January 2, 2012.

CARE has assigned an IPO Grade 3 to Goodwill Hospital IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

The IPO would remain open for subscription till Monday, January 9, 2012

Issue opens on: December 30, 2011
Issue closes on: January 09, 2012
Price Band: Rs.175/- to Rs.185/- per equity share
Bid Lot: 35 Equity Shares and in multiples thereof
Lead Manager: Spa Merchant Bankers Ltd
Registrar: Beetal Financial & Computer Services Pvt. Ltd.

Effective from Monday, October 17, 2011, the Equity Shares of Onelife Capital Advisors Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities. The following are the details of listing:

Onelife Capital Advisors Limited Listing Info:
ISIN: INE912L01015
Listing Date: Monday, October 17, 2011
BSE Scrip Code: 533632
NSE Symbol: ONELIFE
Listing Group: 'B' Group of Securities
Issue Price: Rs.110/- per equity share

Tijaria Polypipes Limited IPO has been subscribed 1.20 times as per the advertisement in a leading newspaper. The reserved portion of Retail Investors and Non-Institutional Investors was subscribed 1.73 times and 0.68 times respectively

Tijaria Polypipes manufactures high-grade HDPE, MDPE and LDPE plastic pipes and sprinkler systems under the brand names of Tijaria and Vikas. Its products are used in irrigation, telecommunication, industrial, infrastructure and housing sectors

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		2232143		1999800		0.8959
HNI		669643		1456740		2.1754
Retail (RII)		1562500		4202700		2.6897
Total						1.72		times

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		2500000		2569320		1.0277
HNI		750000		1167960		1.5573
Retail (RII)		1750000		4106430		2.3465
Total						1.57		times

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		3375000		1716200		0.5085
HNI		1012500		2375840		2.3465
Retail (RII)		2362500		3773400		1.5972
Total						1.17		times

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		2000000		0		0.0000
HNI		600000		10080		0.0168
Retail (RII)		1400000		4695120		3.3537
Total						1.18		times

Taksheel Solutions IPO, which was open along side five other IPOs, has managed to garner 3 times subscription on an overall basis. The subscription was mainly supported by HNI and Retail investors, the categories being overbid 4.70 times and 6.18 times respectively. QIB Investors have by far, remained aloof to the issue with the IPO getting barely 0.24 times subscription in the category.

Taksheel Solutions IPO was assigned an IPO Grade 2/5 by the rating agency CARE indicating "Below Average Fundamentals".

Taksheel Solutions Limited is IT company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. The Company is headquartered in Hyderabad, and provides professional IT services to global clients. Taksheel offers Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

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Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		2750000		666675		0.2424
HNI		825000		3873735		4.6954
Retail (RII)		1925000		11889810		6.1765
Total						2.99		times

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		1675000		1712750		1.0225
HNI		502500		466150		0.9277
Retail (RII)		1172500		2931500		2.5002
Total						1.53		times

QIB: 0.24 times
Non-Institutional Investors: 4.70 times
Retail: 6.18 times
Overall: 2.99 times

QIB: 1.02 times
Non-Institutional Investors: 0.93 times
Retail: 2.50 times
Overall: 1.53 times

Prakash Constrowell Limited is set to list its equity shares on exchanges on Tuesday, October 4, 2011. It has fixed the issue price at higher end of price band of Rs 130-138 per share. The following are the listing details:

Prakash Constrowell Limited Listing Info:
ISIN: INE023M01019
Listing Date: Tuesday, October 04, 2011
BSE Scrip Code: 533605
NSE Symbol: PRAKASHCON
Listing Group: 'B' Group of Securities
Issue Price: Rs. 138/- per equity share

According to a recent report, at least 22 companies, mainly from real estate and power sector, have called off their initial public offers (IPOs) in this fiscal.

SMC Global Securities stated in a report that even after getting approval from market regulator SEBI, these companies could not open their IPOs within the valid period of one year from the date of approval due to the ongoing turmoil in the capital markets. Sterlite Energy, Jindal Power, Avantha Power, Lodha Developers, Ambiance Real Estate, Kumar Urban Developers, Neptune Developers, BPTP and Raheja Universal are some of the companies in the list

The volatile and highly uncertain market conditions have led many companies to defer their IPOs and many other to look for other alternatives of raising funds