Indian IPO Blog

Tuesday, December 13, 2016

ONGC to declare Bonus Issue

December 13, 2016
ONGC to declare Bonus Issue
Oil & Natural Gas Corporation Ltd has informed BSE that the Company has fixed December 16, 2016 as Record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus shares in the ratio of 1 (One) new equity bonus share of Rs.5/- each for every 2 (two) existing equity shares of Rs.5/- each held, subject to the approval of shareholders through postal ballot

ONGC has been moving in a 52 week range of Rs.188/- (12-Feb-2016) to Rs.315/- (13-Dec-2016).The ex-date for the bonus issue is fixed at 15-Dec-2016

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India. ONGC is a public sector undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 77% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas

On 31 March 2013, its market capitalisation was INR 2.6 trillion (US$48.98 billion), making it India's second largest publicly traded company. In a government survey for FY 2011–12, it was ranked as the largest profit making PSU in India. ONGC has been ranked 449th in the Fortune Global 500 list of the world's biggest corporations for the year 2015. It is ranked 17th among the Top 250 Global Energy Companies by Platts.

Monday, December 12, 2016

Reliance Jio effect: Vodafone may prefer delaying IPO even further

December 12, 2016
Reliance Jio effect: Vodafone may prefer delaying IPO even further

Vodafone India, the No.2 mobile phone carrier by market share and revenue, and other players in India’s telecoms market have been clearly impacted by the entry of Reliance Jio and the crazy free deals that it comes with - seems so atleast till now

The operating profit of Vodafone India declined 24.3% to Rs.1,798.4 crore in the half year to 30 September from Rs.2,375.98 crore in the same period during earlier year. Revenue also had witnessed a decline Rs.22,053.8 crore from Rs.22,574.59 crore

Under the circumstances, it seems highly unlikely that the company may muster the courage to come up in limelight and go ahead with the IPO anytime soon

Earlier, the chief executive of Vodafone had said “Competition in India has increased in the year, reducing revenue growth and profitability. We have responded to this changing competitive environment by strengthening our data and voice commercial offers and by focusing our participation in the recent spectrum auction on acquiring frequencies in the more successful and profitable areas of the country.”

Sunday, December 11, 2016

IPO Performance Tracker of IPOs in 2016: Dec 10, 2016

December 11, 2016
IPO Performance Tracker of IPOs in 2016: Dec 10, 2016
IPO performance tracker would present the current profit or loss on IPOs by comparing the current price of the stock as against the issue price during the IPO.

The tracker would be released on a weekly basis with latest price comparisons

Company
Listing Date
Issue Price
Current Price
Profit/Loss (%)
Sheela Foam IPO
09-Dec-16
730.00
1,032.00
41.37%
Varun Beverages IPO
08-Nov-16
445.00
414.00
-6.97%
PNB Housing IPO
07-Nov-16
775.00
872.35
12.56%
Endurance Tech IPO
19-Oct-16
472.00
580.65
23.02%
HPL Electric IPO
04-Oct-16
202.00
104.40
-48.32%
ICICI PruLife IPO
29-Sep-16
334.00
294.65
-11.78%
GNA Axles IPO
26-Sep-16
207.00
199.20
-3.77%
L&T Technology IPO
23-Sep-16
860.00
847.00
-1.51%
RBL Bank IPO
31-Aug-16
225.00
351.40
56.18%
SP Apparels IPO
12-Aug-16
268.00
351.15
31.03%
Dilip Buildcon IPO
11-Aug-16
219.00
224.35
2.44%
Advanced Enz IPO
01-Aug-16
896.00
2,152.75
140.26%
L&T Infotech IPO
21-Jul-16
710.00
653.80
-7.92%
Quess Corp IPO
12-Jul-16
317.00
655.50
106.78%
Mahanagar Gas IPO
01-Jul-16
421.00
754.25
79.16%
Parag Milk Foods IPO
19-May-16
215.00
267.50
24.42%
Ujjivan Financial IPO
10-May-16
210.00
353.50
68.33%
Thyrocare Tech IPO
09-May-16
446.00
676.30
51.64%
Equitas Holdings IPO
21-Apr-16
110.00
160.10
45.55%
Infibeam Inc IPO
04-Apr-16
432.00
1,129.05
161.35%
Bharat Wire IPO
01-Apr-16
45.00
49.05
9.00%
Healthcare Glob. IPO
30-Mar-16
218.00
250.10
14.72%
Quick Heal Tech IPO
18-Feb-16
321.00
273.65
-14.75%
Teamlease Serv IPO
12-Feb-16
850.00
894.95
5.29%
Precision Camsha IPO
08-Feb-16
186.00
160.45
-13.74%
Narayan Hrudayalaya
06-Jan-16
250.00
337.20
34.88%

How to check allotment status of OFS?

December 11, 2016
How to check allotment status of OFS?
An Offer for Sale (OFS) is a form of share sale. OFS mechanism facilitates the promoters of an already listed company to sell or dilute their existing shareholdings through an exchange based bidding platform to meet the minimum public shareholding requirements

Declaration of allotment of shares basis bids received in case of an OFS is different as against allotment status in case of an IPO. In case of an IPO, allotment status is generally declared after 7-10 working days from the date of closure of the IPO.

However, in case of an OFS, since the offer is generally open only for a day or two, the allotment status is also declared sooner. Stock Exchanges share allotment report with Trading Members at the end of the day i.e. after 6:00 P.M. on the day of OFS. Investor can get the information from their trading members on the same day. Hence, to check allotment status of an OFS, investor needs to get in touch with the respective broker firm where he/she has opened demat / trading account. 

NSE IPO: Why did IFCI share price sky rocketed on Friday?

December 11, 2016
NSE IPO: Why did IFCI share price sky rocketed on Friday?
The shares of IFCI Limited witnessed a sharp spike on Friday with the share closing as high as 16.42% up as compared to previous close. The counter which opened at Rs.23.40 reached an intra-day high of Rs.27.60 and closed at Rs.27.30 on a hefty turnover. Shares of IDBI Bank as well as SBI were up around 4% and 2.5% on the same day

Apparently, this movement was on the back of news that National Stock Exchange of India (NSE) is planning to come up with a gigantic IPO of about 100 billion rupees ($1.5 billion), which may be the country’s biggest listing in more than six years.

Among the listed entities on the exchange, State Bank of India has holding of 5.19%, whereas IFCI has holding of around 3% in NSE. Besides, IDBI Bank also holds close to 1.5% stake in the exchange. On June 30 and July 1, IFCI had made divestment to the extent of 2.25 lakh equity shares of National Stock Exchange at Rs.3,950 per equity share

Update: NSE files DRHP with SEBI: http://www.indianipoblog.in/2016/12/nse-files-drhp-for-ipo-with-sebi.html?m=1

National Stock Exchange (NSE) plans a gigantic IPO

December 11, 2016
National Stock Exchange (NSE) plans a gigantic IPO
According to Economic times, National Stock Exchange of India Ltd. plans to file a draft prospectus this month for an initial public offering of about 100 billion rupees ($1.5 billion), which may be the nation’s biggest listing in more than six years

NSE’s offering would be the largest IPO in the country since Coal India Ltd.’s 2010 share sale, which raised 154.8 billion rupees, according to data compiled by Bloomberg

The National Stock Exchange of India Limited(NSE) is the leading stock exchange of India, located in Mumbai.NSE was established in 1992 as the first demutualized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country.

National Stock Exchange has a total market capitalization of more than US$1.41 trillion, making it the world's 12th largest stock exchange as of March 2016. NSE's flagship index, the NIFTY 50, the 51 stock index (50 companies with 51 securities inclusive of DVR), is used extensively by investors in India and around the world as a barometer of the Indian capital markets

Join Indian IPO Blog Groups on Whatsapp!

December 11, 2016
Join Indian IPO Blog Groups on Whatsapp!