Indian IPO Blog

Monday, July 30, 2012

Nevyeli Lignite stake sale finalized

July 30, 2012 0
Nevyeli Lignite stake sale finalized
Department of Disinvestment (DoD) has finally finalised to sell 5% stake in Neyveli Lignite, CNBC-TV18 reported. Due to the poor market conditions, the government has not been able to launch the Rs 30,000-crore disinvestment programme for the current fiscal so far. The government currently holds 93.56% in NLC. The company is expecting to raise about Rs 500-600 crore by the stake sale. The company will also offer 5% discount to employees.

Jupiter Infomedia IPO Details

July 30, 2012 0
Jupiter Infomedia IPO Details
Issue opens on: July 30, 2012
Issue closes on: August 01, 2012
Issue Type: Fixed Price Issue IPO
Issue Size: 2,040,000 Equity Shares of Rs. 10
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 20 Per Equity Share
Bid Lot: 6000 Equity Shares and in multiples thereof
Listing At: BSE SME

Monday, July 23, 2012

Samgam Advisors IPO Details

July 23, 2012 0
Samgam Advisors IPO Details
Issue Size: 2,304,000 Equity Shares of Rs. 10 each 

Issue opens on: July 24, 2012
Issue closes on: July 26, 2012
Issue Type: Fixed Price Issue IPO
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 22 Per Equity Share
Bid Lot: 6000 Equity Shares and in multiples thereof
Listing on: BSE SME

Wednesday, June 27, 2012

Max Alert Systems IPO to open from June 28

June 27, 2012 0
Max Alert Systems IPO to open from June 28
Max Alert Systems , a Mumbai based project company with focus in areas as diverse as mining, fire fighting systems and telecommunications, is entering capital market with a public issue of 40 lakh equity shares on June 28, 2012.

Comfort Securities Limited is the Lead Manager to the Issue. Stay tuned for more on the IPO!

Tuesday, June 26, 2012

VKS Projects IPO opens from June 29

June 26, 2012 0
VKS Projects IPO opens from June 29
VKS Projects, another EPC company, is coming up with an IPO of Equity Shares, which would open for subscription from June 29, 2012. The IPO would be open till July 4, 2012

VKS Projects, engineering procurement and construction (EPC contractor) company, proposes to enter the capital markets with an IPO to raise aggregating Rs 55 crore through 100% book building process.

The price band has been fixed at Rs.55 to Rs.60. The issue opens on June 29, 2012 and closes on July 04, 2012. Aryaman Financial Services Ltd is the sole book running lead manager and Bigshare Services Pvt. Ltd. is the registrar to the Issue

Friday, May 18, 2012

Speciality Restaurants IPO finally subscribed 2.54 times

May 18, 2012 0
Speciality Restaurants IPO finally subscribed 2.54 times
The IPO of Speciality Restaurants Ltd., which had opened for subscription from May 16, 2012, has been finally subscribed 2.54 times on an overall basis.

The QIB portion of the issue was oversubscribed 4.68 times while the HNI Category received 2.19 times oversubscription. Incidentally, it is the retail investors this time around, who have chosen to stay away from the issue with the category receiving subscription for only 0.30 times the reserved portion

Speciality Restaurants Ltd is a fine dining operator in India with 62 restaurants and 11 confectionaries as of December 31, 2010. The objects of the issue are for:
1. Development of new corporate restaurants;
2. Development of a food plaza;
3. Repayment of a term loan facility