KNR Constructions Limited IPO allotment details is now available and can be checked here.IPO was oversubscribed by 1.25 times and 0.2772 times on the retail side.
http://www.intimespectrum.com/site/ipo.asp
Bang Overseas Ltd IPO was oversubscribed by 1.24 times and 1.1712 times on the retail side .The IPO closed on jan 28th 2008. Click the link below for allotment status.
http://203.199.177.158/ipo/
Reliance Power listing is a big awaiting event for every investors on the street, who have got allotment of it shares as well as for market as it was the biggest issue in Indian Capital Market history. Reliance Power IPO Listing Date is confirmed to the market and slated to list on Monday, February 11, 2008
During the issue time, experts were expecting the premium for Reliance Power nearly Rs 400-450. Everyone was very optimistic about this listing. But as the market's turmoil has been started post issue, the premium also start declining. It reduced to Rs 120-150 as per experts quote.
Details of Listing:
BSE Script Code: 532939
NSE Symbol: RPOWER
Listing in: A Group of Securities
Issue Price: Rs. 450/-
(Discount of 20 rs for the retailers)
Face Value: Rs 10/- Per Equity Share
The market is full of roomer regarding the premium the Reliance Power listing would get. Experts say if it lists above Rs.600, it will be a major boost for the indian stock market. Not only the secondary market, but it will also trigger a fresh IPO boom. The current IPO's are struggling to get minimum subscriptions.
The Reliance Power IPO will list on February 11th 2008. The market buzz is that , reliance is ensuring that the refunds are reaching the subscribers, before they list.
Reliance Power IPO allotment status is available now , Visit the link below
http://www.karvy.com/ipostatus/
Reliance Power IPO Allotment status
Over 41.7 lakh successful bidders in the retail category will get around 15 shares each while approximately 4.5 lakh retail investors who bid for less than 225 shares would not get any shares according to the allocation as approved.
The excess application money of approximately Rs one lakh crore received from the investors is being refunded to the investors. Post allotment Reliance Power has approximately 42 lakh shareholders.
Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.
Public Issue Open: February 19, 2008 to February 22, 2008
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 156,120,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 90/- to Rs 105/-
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing: BSE, NSE
Lead Manager: IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd
Registrar: Karvy Computershare Private Ltd (Ph: +91-40-2342 0815 Email:rec.ipo@karvy.com)
Emaar MGF Land, a joint venture between one of the world`s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development of India, has withdrawn and postponed its initial public issue to an appropriate time.
The company decided to take this step as a result of the prevailing adverse market sentiments.Emaar MGF plans to consider other funding options like private placement, PE at SPV level. They will refund IPO money in the next 10-15 days.
EmaarMGF decided to postpone the issue despite receiving applications worth Rs 57.79 billion in the light of discouraging market dynamics. This decision has been taken despite the fact that the QIB and HNI portions were fully subscribed and the book was already filled to almost 85%. The retail portion had over 225,000 applicants demonstrating significant appetite and demand for the issue.
Given the prevailing sentiments in the capital markets it was unclear how well the stock would trade post listing; it has been considered wiser to revisit the markets only when the demand and sentiment is stable and better providing greater value to the investor.
Poor response from investors to initial public offering (IPO), forced SVEC Constructions to extend deadline and lower the price band. The issue which was supposed to be closed on Friday, 8th Feb, is now extended till February 13 and the price band has been lowered to Rs 80 to Rs 90 from Rs 85 to Rs 95. The issue received only 23% subscription till 4 p.m on 8th Feb.
The company, which has experience in the areas of building and irrigation works, plans to raise between Rs 34 crore-Rs 38 crore.
The company plans to deploy funds for the purchase of capital equipment worth Rs 15.32 crore and for meeting the long-term working capital requirements estimated at Rs 23.86 crore.
The company’s order book position as on November 30, 2008 stands at Rs 521.91 crore.
The book running lead managers to the issue are Karvy Investor Services Ltd and Centrum Capital Ltd.
Prabhudas Lilladher has come out with report on Precision Pipes and Profiles Company. The firm has recommended subscribing to the issue.
PPAP, a Delhi-based OEM supplier to the automobile industry, has opened for subscription with an initial public offering (IPO) of 50-lakh shares of face value of Rs 10 each at a price band of Rs 140-150 per equity share. The bids will close on December 20.
Prabhudas Lilladher report on Precision Pipes and Profiles Company IPO
Precision Pipes and Profiles Company (PPAP) is an OEM supplier of plastic extrusion products to nearly all brands/models produced by Maruti Suzuki, Honda Siel, General Motors and Toyota Kirloskar. With a number of global auto majors setting up their manufacturing base in India, the country is set to witness tremendous boom in the auto component industry. In order to cater to this growing demand from customers, PPAP is expanding its capacity from the current 4.75 million kg to 9.15 million kg at a cost of Rs915m.
Additionally, PPAP has entered into an agreement with Power and Data Corporation (PDC), Australia to manufacture and supply the worldwide patented Novell Mainline system (low voltage electrical outlet system) to authorised distributors of PDC for which it is setting up a new plant at Badarpur, Delhi at an estimated cost of Rs43.5m. The capacity expansion with an outlay of Rs 1,060 million would be part funded by the IPO and the balance by a term loan of Rs 250 million and internal accruals.
The company has sound fundamentals with three year revenue CAGR (upto FY07) of 25%, operating margin at 25%, and ROCE and ROE at 27.2% and 36.9% respectively. Our preliminary estimate of net profit is Rs170m for FY08E and Rs260m for FY09E. At the offer price of Rs140–150, the stock is available at 8.1x FY09E earnings of Rs18.5 at higher band and 7.7x FY09E earnings of Rs18.1 at lower band. Considering its impressive financials and robust growth prospects, we recommend Subscribe to the issue.
The grey market premium for Precision Pipes is around 25-40. Investors can look for good listing gains.
Nahar Industrial Enterprises will make Pre-IPO placement of 15-20% in Nahar Retail, reports CNBC-TV18 quoting Sources.
Nahar Industries is likely to raise USD 30 million via this placement and valued Nahar Retail at around USD 150-200 million.
Nahar Retail announcement is likely to be made in January 2008. ICICI Securities is the banker for Nahar Retail's Pre-IPO Placement.
Nahar Industries management said that they are in talks with various investors for fund raising.
SPA Securities has come out with report on Edelweiss Capital (ECL) IPO. The brokerage firm has recommended to subscribe the issue.
Edelweiss Capital, a diversified financial services company, is entering the capital market with its initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash, at a price to be decided through a 100% book building process.
The issue will open on November 15, 2007, and will close on November 20, 2007. The price band has been fixed between Rs 725 and Rs 825 per equity share of face value Rs 5.
SPA Securities has come out with report on Edelweiss Capital (ECL) IPO. The brokerage firm has recommended to subscribe the issue.
Edelweiss Capital, a diversified financial services company, is entering the capital market with its initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash, at a price to be decided through a 100% book building process.
The issue will open on November 15, 2007, and will close on November 20, 2007. The price band has been fixed between Rs 725 and Rs 825 per equity share of face value Rs 5.
Kolte-Patil Developers, a real estate developer in India, is entering the capital markets with an initial public offering (IPO) of 19,000,836 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
The issue will open on November 19, 2007, and will close on November 22, 2007. The price band has been fixed between Rs 125 and Rs 145 per equity share.
The objects of the issue are to finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
The issue comprises a net issue of 18,812,709 equity shares to the public and a reservation of 188,127 equity shares for eligible employees. The issue will constitute 25.25% while the net issue will constitute 25% respectively of the post-Issue paid up capital of the company. The equity shares are proposed to be listed on the NSE and BSE.
Kolte-Patil Developers develops and constructs properties in Pune and also in Bangalore. As of September 30, 2007, it has developed and constructed 25 projects, including 22 in Pune and 3 in Bangalore, covering a total of approximately 4.01 million square feet of saleable area. These include 16 residential complexes, 4 commercial complexes, 3 complexes designed for mixed residential/commercial use, and 2 information technology parks.
The company posted a total income (consolidated) of Rs 2, 524.43 million in fiscal 2007 and an adjusted profit after tax of Rs 835.61 million. For the 3 months ended June 30, 2007 , the Company posted a total income (consolidated) of Rs 889.65 million and an adjusted profit after tax of Rs 338.76 million..
The book running lead managers to the issue are DSP Merrill Lynch Limited and Edelweiss Capital Limited.
