Indian IPO Blog

Thursday, August 31, 2017

Apex Frozen Foods IPO Allotment status declared

August 31, 2017 0
Apex Frozen Foods IPO Allotment status declared

Monday, August 21, 2017

Infosys : When the elephants fight, the grass gets the wounds!

August 21, 2017 0
Infosys : When the elephants fight, the grass gets the wounds!
- By Yash Ved

Unless you live under a rock, you sure as hell would have had to bear the echos of the battle of giants within Infosys' boardroom

For those who like gossips, here's what happened: Infosys CEO Vishal Sikka says enough is enough and decides to quit the company and with this: all hell breaks loose. The company’s board puts the blame squarely on the company’s founder N.R. Narayana Murthy, saying his relentless rhetoric is the primary reason behind the abrupt exit.

With Infosys' first non-founder CEO resigning and the dirty laundry of the spat between the board and Murthy coming out in the open, the stock slipped from its high to 13 per cent down in intra day trade to touch its multi-year low of Rs 884.20 this Friday though closing in at Rs.924

In a bid to counter the overflow of negative sentiments, the board announces buyback of Rs.13000 crores at Rs.1150 a piece. Does it or would it work? Well, that's upto future but the stock bleeds away another 5 percent on Monday and reaches Rs.873 levels!

But wait! Hold on a moment! Who gained amidst all this? Apparently: no one! The situation clearly all sounds synonymous to that good old saying that when the elephants fight, the grass gets hurt!

Whether it was the tension between Sikka and Murthy or the spat between the Board and the founder, one can do as much root cause analysis of it as one wants but the fact remains that the 'discliplined investor' who trusted the name and bought shares at Rs.1k levels like a good boy is the one that has really had to bleed red! 

With such hard earned money of thousands at stake, it is high time that good sense prevails over ego and both Infosys board and Murthy do what they need to and that is stop being kiddish and work on providing some well deserved and credible confidence to the investors!


Disclosure: Views expressed are personal. The writers may hold position in the stocks discussed in above article

Apex Frozen Foods IPO opens on Aug 21

August 21, 2017 0
Apex Frozen Foods IPO opens on Aug 21

Apex Frozen Foods Ltd. is coming with an IPO comprising of fresh issue of shares and offer for sale (OFS) to raise around Rs 148.77 to Rs.152.25 crore.

The company is going to raise between Rs.123.97 to Rs.126.87 crore by issuing 72,50,000 shares

While under OFS, promoters will offer 14,50,000 equity shares with face value of Rs 10 per share. The lot size consists of minimum of 80 shares

The issue will remain open from August 22 to August 24, 2017 with price band of Rs.171 to Rs.175 per share. The company will be listed on both BSE and NSE

Friday, August 11, 2017

Cochin Shipyard speedboats in sea at jet speed, up 20 percent on debut

August 11, 2017 0
Cochin Shipyard speedboats in sea at jet speed, up 20 percent on debut

The equity shares of Cochin Shipyard powerboated upon listing with the shares listing at 20 percent premium over issue price

The scrip took gear changing time to take off the shores with the listing at mere Rs.3 above the issue price before speed boating to 20 percent up at Rs.522 as against issue price of Rs.432 a piece. The stock was trading at Rs.512.40 at 10.26 am

Stay tuned to Indian IPO Blog for more

Wednesday, August 9, 2017

Cochin Shipyard IPO Allotment Status declared - Click to check your status now

August 09, 2017 0
Cochin Shipyard IPO Allotment Status declared - Click to check your status now

Cochin Shipyard IPO Allotment Status is declared. Investors have started to receive SMSs for allotment and credit of equity shares in their demat account

The link to check Cochin Shipyard IPO Allotment Status is http://cs.linkintime.co.in/ipo/IPO.aspx