Indian IPO Blog: January 2011

Monday, January 31, 2011

Sanco Industries to come up with an IPO

Sanco Industries, a PVC Manufacturer, is planning to come up with an Initial Public Offer (IPO) of about 75,00,000 Equity Shares having a Face Value of Rs.10/- each. The company has already filed Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for this purpose

Sanco Industries is in business of manufacturing of rigid plain PVC electrical conduit pipes & profiles, PVC insulated wire & cables and PVC/PPR plumbing pipe

Stay tuned for the latest updates on Sanco Industries IPO!

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Saturday, January 29, 2011

Tata Steel FPO - Allotment Status declared

Tata Steel FPO - Allotment Status is declared online and can now be checked on the Registrar's website

Click here to check Tata Steel FPO - Allotment Status now!

Tata Steel FPO had closed for subscription on Friday, January 21, 2011 and was subscribed 6.03 times on an overall basis with Retail Category getting subscribed 1.60 times

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Thursday, January 27, 2011

Tribhovandas Bhimji Zaveri (TBZ) to come up with an IPO, files DRHP with SEBI

Tribhovandas Bhimji Zaveri, a jewellery retailer in India, is planning to hit the capital markets with an IPO of Equity Shares having a Face Value of Rs.10/- each

Tribhovandas Bhimji Zaveri has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue of 16,666,667 Equity Shares of Face Value of Rs.10/- each. Tribhovandas Bhimji Zaveri Limited sells gold & diamond-studded jewellery as well as platinum jewellery and silverware

Stay tuned for the latest updates on Tribhovandas Bhimji Zaveri IPO!

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Tata Steel FPO - Allotment Status

Tata Steel FPO - Allotment Status is likely to be declared in 2-3 days from now. Tata Steel FPO had closed for subscription on Friday, January 21, 2011 and was subscribed 6.03 times on an overall basis with Retail Category getting subscribed 1.60 times

The link for Tata Steel FPO - Allotment Status will be updated here as soon as it is declared online

Check back Indian IPO Blog for the latest updates on Tata Steel FPO - Allotment Status!

Update: Tata Steel FPO - Allotment Status declared

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Omkar Speciality Chemicals IPO - Final Subscription Status

QIB: 0.82 times
Non-Institutional Investors: 5.27 times
Retail: 9.90 times
Overall: 4.67 times

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Omkar Speciality Chemicals IPO - Final Subscription Statistics

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		4050000		3326700		0.8214

HNI		1215000		6400980		5.2683

Retail (RII)		2835000		28066680		9.9001

Total						4.67		times

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Tuesday, January 25, 2011

Omkar Speciality Chemicals IPO bid 1.16 times till Day 2

Omkar Speciality Chemicals IPO, which opened for subscription yesterday, has received a welcoming response on Day 1, with the IPO now getting subscribed 1.16 times on an overall basis. The IPO has got good response from the Retail Category as well, which is oversubscribed 2.60 times

Omkar Speciality Chemicals Ltd is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.

Stay tuned for latest updates on Omkar Speciality Chemicals IPO!

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Sunday, January 23, 2011

Indian Oil Corporation FPO to get delayed

Indian Oil Corporation FPO will be delayed and may hit the streets after month of April. A decision on the share sale of the country's largest refiner is likely to be taken within three to four months. The Government of India through the FPO, plans to divest 10% of its equity in the company

IndianOil has business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas, and petrochemicals

Stay tuned to Indian IPO Blog for the latest updates on Indian Oil Corporation FPO!

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Indian IPO Blog - Poll Result

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Vodafone Essar may come up with an IPO

Vodafone, the British telecoms firm, has said that it had not objected to Essar conducting an Initial Public Offer (IPO) of the Essar's stake in Vodafone Essar, India’s third-largest telecoms company based on subscribers

In 2007, Vodafone had bought a controlling stake in mobile business in India of Hutchison Whampoa Ltd., in which Essar had been a partner. Mr. Prashant Ruia, the Chief Executive of Essar Group had said that plans for an Initial Public Offering by Vodafone Essar is in a preliminary stage

Stay tuned to the latest updates on Vodafone Essar IPO!

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Tata Steel FPO Issue Price fixed

The Issue Price for the FPO of Tata Steel Ltd. has been fixed at the upper end of the price band, i.e. at Rs.610/- per equity share for shares of Rs.10/- each. The price band for the FPO was earlier fixed at Rs.594/- to Rs.610/- per equity share. The share of Tata Steel closed at Rs.629.60 on Friday, January 21, 2011

Tata Steel FPO was subscribed just above 6 times on an overall basis. The FPO had managed to garner good support from the QIB and HNI Categories, which were firmly bid. The Retail Investors have also chipped in with above 1.50 times subscription

Stay tuned for the latest updates on Tata Steel FPO!

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Friday, January 21, 2011

Tata Steel Limited FPO Final Subscription Status

QIB: 10.41 times
Non-Institutional Investors: 7.21 times
Retail: 1.60 times
Employees: 0.06 times
Overall: 6.03 times

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Tata Steel FPO subscribed 6 times

Tata Steel FPO, which closed for subscription today, has been subscribed just above 6 times on an overall basis. The FPO has managed to garner good support from the QIB and HNI Categories, which were firmly bid. The Retail Investors have also chipped in with above 1.50 times subscription

The response to the FPO till Day 2 was largely averse, especially from Retail Category of Investors, the subscription in the category standing close to 20% or 0.1975 times till Day 2. The QIB and HNI Categories were subscribed 0.67 times and 0.79 times respectively till the second day

Stay tuned to Indian IPO Blog for precise subscription status updates!

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Thursday, January 20, 2011

Tata Steel FPO bid 0.48 times till second day

Tata Steel FPO, which is open for subscription since yesterday, has been subscribed 0.48 times times on an overall basis till Day 2 of its opening.

The response to the FPO till Day 2 has largely been averse, especially from Retail Category of Investors, the subscription in the category standing close to 20% or 0.1975 times. The QIB and HNI Categories are subscribed 0.67 times and 0.79 times respectively till the second day

Tata Steel is a part of Tata Group of companies. Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis.

Tata Steel FPO closes for subscription tomorrow, i.e. on January 21, 2011. Check back Indian IPO Blog regularly for the latest subscription status updates on the FPO!

Update: Tata Steel FPO subscribed 6 times

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Tata Steel FPO - Bidding Status on Day 2

QIB: 0.67 times
Non-Institutional Investors: 0.79 times
Retail: 0.20 times
Employees: 0.00 times
Overall: 0.48 times

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Tata Steel FPO Subscription Status update

Tata Steel FPO, which is open for subscription since yesterday, has been bid about 45% or 0.45 times on an overall basis till 1600 hrs IST on Day 2 of its opening, as per the data available on the NSE website. The subscription in the Retail Category has remained feeble till now

Tata Steel is a part of Tata Group of companies. Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis

Check back Indian IPO Blog regularly for the latest subscription status updates on Tata Steel FPO!

Related posts:
- Tata Steel FPO bid 0.48 times till second day
- Tata Steel FPO - Bidding Status on Day 2
- Tata Steel FPO subscribed 6 times

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C Mahendra Exports closes listing day nearly at par

C Mahendra Exports Ltd., which listed on the exchanges today, had a quiet listing with the stock price hovering in a stable price range of Rs.110/- to Rs.120/- without much of volatility, unlike in case of some of the recent IPOs, where high listing day volatility is a common phenomenon

C Mahendra Exports Ltd. opened at Rs.114/- on the NSE, at a miniature premium of Rs.4/- per share or about 3.64% over its Issue Price of Rs.110/- per share. The share touched Rs.121/- per share as its Intra-day High and maintained the Issue Price as its Intra-day low on the listing day

On the BSE also, the share touched an Intra-day High of Rs.120.90 and closed at Rs.110.85, at a negligible premium of 0.77% over the Issue Price

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Omkar Speciality Chemicals IPO Rating

Credit Rating Agency CARE Limited has assigned an IPO Grade 3 to the upcoming IPO of Omkar Speciality Chemicals Ltd. CARE IPO Grade 3 indicates average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CARE IPO Grading is an opinion on the relative assessment of the fundamentals of the issuer

OSCL (formerly Omkar Specialty Chemicals Private Limited) is involved in the production of specialty chemicals and pharma intermediates. OSCL has proposed to utilise the IPO proceeds to expand the production capacity from 950 MTPA to 3,650 MTPA by FY13. The total project cost envisaged for the expansion is around Rs.47 crore. Balance proceeds are proposed to be utilised for meeting working capital requirements, general corporate purpose and issue expenses

Click here to download the CARE IPO Grading Document for Omkar Speciality Chemicals Ltd. IPO!

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Wednesday, January 19, 2011

Omkar Speciality Chemicals IPO Price Band

The Price Band for the upcoming IPO of Omkar Speciality Chemicals Ltd. is fixed at Rs.95/- to Rs.98/- per equity share for shares having a Face Value of Rs.10/- each. The IPO would remain open for subscription between Monday, January 24, 2011 and Thursday, January 27, 2011

Omkar Speciality Chemicals Ltd. is a Manufacturer, Supplier And Producer of Molybdenum Disulfide, Nickel Carbonate, Cobalt Nitrate , Ammonium Iodide, Ammoniu The Company is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.

Stay tuned to Indian IPO Blog for the latest updates on Omkar Speciality Chemicals Ltd. IPO!

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Indian Bank FPO may hit the markets in mid 2011

The proposed Follow-on Public Offer of Indian Bank may hit the markets somewhere in June-July 2011. Indian Bank plans to raise around Rs.1500 crore through the FPO

Currently, the majority of the stake, about 80% is held by the Government, which is expected to come down to about 9% post the Follow-on Public Offer. Indian Bank is a premier bank owned by the Government of India, which was established on 15th August 1907 as part of the Swadeshi movement

Earlier, Indian Bank had come up with an IPO in 2007, which was subscribed 32.16 times on an overall basis with about 3.16 times subscription in the Retail Category

Stay tuned for the latest updates on Indian Bank FPO!

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Tata Steel FPO - Bidding Status on Day 1

QIB: 0.42 times
Non-Institutional Investors: 0.07 times
Retail: 0.04 times
Employees: 0.00 times
Overall: 0.20 times

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Tata Steel FPO covered 0.19 times till 4 PM on the opening day

Tata Steel FPO, which opened for subscription from today, is bid about 19% till 4 PM as per the data available on the NSE website. Tata Steel FPO would remain open for subscription till Friday, January 21, 2011

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies

Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis

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Tata Steel Limited FPO Details

Issue Size: 57,000,000 Equity Shares of Rs. 10
Issue Opens on: Wednesday, January 19 , 2011
Issue Closes on: Friday, January 21, 2011
Price Band: Rs.594/- to Rs.610/- per equity share
Bid Lot: 10 Shares Equity Shares and in multiples thereof
Discount for Retail Investors: No
Lead Managers: Citigroup Global Markets India Pvt. Ltd., Deutsche Equities India Pvt. Ltd., HSBC Securities & Capital Markets Pvt. Ltd., Kotak Mahindra Capital Company Ltd., SBI Capital Markets Ltd., Standard Chartered Securities (India) Ltd.
Registrar: Link Intime India Pvt. Ltd.

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Tuesday, January 18, 2011

Omkar Speciality Chemicals IPO opens from Monday, January 24, 2011

Omkar Speciality Chemicals Ltd., engaged in the manufacture and sale of speciality chemicals, is entering capital markets with an Initial Public Offer (IPO) of 81 lakh equity shares of Rs.10/- each

The IPO would open for subscription from Monday, January 24, 2011 and would remain open for subscription Thursday, January 27, 2011

Stay tuned for the latest updates on Omkar Speciality Chemicals Ltd. IPO!

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Tata Steel FPO opens from tomorrow

Tata Steel Ltd. is entering capital markets with an FPO which would open for subscription from tomorrow, i.e. Wednesday, January 19, 2011.

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies

The Follow-on Public Offer, which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription upto Friday, January 21, 2011. The Price Band for the FPO is fixed at Rs.594/- to Rs.610/- per equity share with a bid lot of 10 Equity Shares and in multiples thereof

Kotak Mahindra Capital Company Ltd., Citigroup Global Markets India Pvt. Ltd., Deutsche Equities (India) Pvt. Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., RBS Equities (India) Ltd., SBI Capital Markets Ltd. and Standard Chartered Securities (India) Ltd. are Book Running Lead Managers to the issue, while Link Intime India Pvt. Ltd. is the Registrar to the Issue

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Tata Steel FPO - Red Herring Prospectus (RHP)

The Red Herring Prospectus (RHP) for the Follow-on Public Offer (FPO) of Tata Steel Ltd. can be downloaded from SEBI website. Click here to download Tata Steel FPO - Red Herring Prospectus (RHP) now

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited, is coming up with a Follow-on Public Offer (FPO) of 57,000,000 Equity Shares of Rs.10/- each. The FPO would remain open for subscription between Wednesday, January 19, 2011 and Friday, January 21, 2011

Stay tuned for the latest updates on Tata Steel FPO!

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Tata Steel FPO - Objects to the Issue

The objects of the Issue are for general corporate purposes and to:

1. Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur;
2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis

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Monday, January 17, 2011

C Mahendra Exports to list on Thursday, January 20, 2011

The Equity Shares of C Mahendra Exports Ltd. will be listed on the exchanges with effect from Thursday, January 20, 2011. The Issue Price for the IPO was set at Rs.110/- per equity share, which is the higher end of price band of Rs.95/- to Rs.110/- per equity share

C Mahendra Exports IPO, which closed for subscription on Thursday, January 06, 2011, closed with oversubscription of 2.78 times on an overall basis. The IPO has received a good response in the Retail Category, which is subscribed 4.82 times, although the QIB Category is scantly subscribed at 1.02 times

Check out Indian IPO Blog for Listing Day updates on C Mahendra Exports IPO!

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Tata Steel FPO Bid Lot

The bid lot or the minimum order quantity for the upcoming FPO of Tata Steel Ltd. is fixed at 10 Equity Shares and in multiples thereof. The shares are offered in a price band of Rs.594/- to Rs.610/- per equity share for shares having a Face Value of Rs.10/- each

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies

Stay tuned to Indian IPO Blog for subscription status and other updates on Tata Steel FPO!

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Sunday, January 16, 2011

ONGC FPO likely in third week of March

The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation Limited (ONGC), Asia's largest and most active company involved in exploration and production of oil, is likely to hit the streets around the third week of March 2011

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC significantly contributes to India's crude oil production and natural gas production

Check back Indian IPO Blog for the latest on ONGC FPO!

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Saturday, January 15, 2011

Tata Steel FPO (TISCO FPO) Price Band fixed

The price band for the upcoming FPO of Tata Steel Ltd. is fixed at Rs.594/- to Rs.610/- per equity share for equity shares having a Face Value of Rs.10/- each. Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies. The price band of Rs.594/- to Rs.610/- per equity share is an interesting one, particularly considering the fact that the current market price of the stock is at Rs.621.70 (CMP as on Friday, January 14, 2011)

The Follow-on Public Offer (FPO) of Tata Steel Ltd., which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription from Wednesday, January 19, 2011 and Friday, January 21, 2011

Tata Steel products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, ferro alloys and other minerals, software for process controls, and cargo handling services

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Tata Steel FPO (TISCO FPO) to open from Wednesday, January 19, 2011

Tata Steel Ltd., India’s largest steel company, is coming up with a Follow-on Public Offer (FPO) of Equity Shares having a Face Value of Rs.10/- each, which would be opening for subscription from Wednesday, January 19, 2011

The Follow-on Public Offer, which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription for 3 days upto Friday, January 21, 2011.

Tata Steel products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, ferro alloys and other minerals, software for process controls, and cargo handling services

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies. Tata Steel is also India's second-largest and second-most profitable company in private sector. The company is listed on Bombay Stock Exchange and National Stock Exchange of India

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Tata Steel FPO - Download Draft Red Herring Prospectus (DRHP)

The Follow-on Public Offer (FPO) of Tata Steel Ltd., which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription from Wednesday, January 19, 2011 and Friday, January 21, 2011

Click here to download the Draft Red Herring Prospectus (DRHP) for Tata Steel FPO filed with Securities and Exchange Board of India (SEBI)

The Price Band and Bid Lot for the Tata Steel FPO are not yet declared and will be updated as soon as the same are made available

Check back this post regularly for the latest updates on Tata Steel FPO!

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Thursday, January 13, 2011

Life Insurance Companies IPO norms to be finalized soon

The norms for Initial Public Offers by Life Insurance Companies are likely to be ready in about two to three weeks. Once the guidelines for equity issues by Life Insurance companies are announced, the Insurance companies will be able to raise funds through public floats

However, Insurance Regulatory and Development Authority Chairman Mr. J Hari Narayan said that Non-life Insurance companies will still have to wait a few months to tap into the capital markets as IRDA is still in the process of making a formal proposal to the markets regulator, the Securities and Exchange Board of India (SEBI)

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Wednesday, January 12, 2011

Mid Valley Entertainment IPO Final Subscription Status

QIB: 0.35 times
Non-Institutional Investors: 4.68 times
Retail: 9.01 times
Overall: 4.03 times

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Tata Steel FPO likely to hit the markets soon

Tata Steel FPO is planning to come up with an FPO of Equity Shares, which is expected to hit the streets very soon. The price band for the share sale and the minimum bid lot for the issue will be decided by the company in consultation with the book running lead managers (BRLMs)

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies. Tata Steel is also India's second-largest and second-most profitable company in private sector. The company is listed on Bombay Stock Exchange and National Stock Exchange of India

Tata Steel products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, ferro alloys and other minerals, software for process controls, and cargo handling services

Check back Indian IPO Blog for the latest updates on Tata Steel FPO!

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Tuesday, January 11, 2011

Tata Steel to come up with a FPO

Tata Steel Ltd., India's largest steel company, is planning to come up with a Follow-on Public Offer (FPO). The Board of Directors have approved Follow-on Public Offer (FPO) of 5.7 crore Equity shares of Rs.10/- each

The FPO is expected to hit the markets soon, although the precise dates for the FPO is not yet announced. The price band for the share sale and the minimum bid lot for the issue will be decided by the company in consultation with the book running lead managers (BRLMs)

Stay tuned for the latest updates on Tata Steel FPO!

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Mid Valley Entertainment IPO - Bidding Status till Tuesday, January 11, 2011 1700 hrs IST

QIB: 0.28 times
Non-Institutional Investors: 1.63 times
Retail: 2.18 times
Overall: 1.14 times

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Micromax to come up with an IPO

Micromax Informatics, one of India's biggest domestic mobile handset seller, is planning to come up with an IPO of Equity Shares, which may hit the markets in the near future. The Company is awaiting a nod from market regulator Securities and Exchange Board of India (SEBI). As such, the dates and price band of the IPO are not yet available

Micromax makes its handsets through contract manufacturers in China, Taiwan and South Korea. Micromax is the biggest Indian domestic mobile handsets company and has been growing rapidly in the competitive Indian telecom market. The market share of the company stood at 6.24% for the March 2010 quarter

Stay tuned for the latest updates on Micromax Informatics IPO!

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Shekhawati Poly-Yarn IPO - Basis of Allotment for Retail Category

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Monday, January 10, 2011

Midvalley Entertainment IPO subscribed 0.86 times on opening day

Midvalley Entertainment IPO subscribed 0.86 times or 86% on an overall basis on the opening day of the IPO, when the markets crashed 467 points. The Retail Category got subscribed fully on the opening day with 1.89 times subscription. There has been no bids from the QIB Category on the opening day

The IPO has been assigned an IPO Grade 1/5 by Brickworks. Brickwork Ratings ‟BWR IPO Grade 1” indicates poor fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed equity securities in India

Mid Valley Entertainment Ltd. is engaged in film production, distribution & exhibition in South India. Check back Indian IPO Blog for the latest subscription status on Midvalley Entertainment IPO!

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Midvalley Entertainment IPO - Bidding Status on Day 1

QIB: 0.00 times
Non-Institutional Investors: 1.32 times
Retail: 1.89 times
Overall: 0.86 times

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Mid Valley Entertainment IPO opens from today

The IPO of Mid Valley Entertainment Ltd. is engaged in film production, distribution & exhibition in South India, opens for subscription from today. The IPO would consist of Equity Shares, having a Face Value of Rs.10/- each and would remain open for subscription from Monday, January 10, 2011 to Wednesday, January 12, 2011

The shares will be offered in a Price Band of Rs.64/- to Rs.70/- per equity share with a bid lot of 95 Equity shares and in multiples thereof. Aryaman Financial Services Limited is the Book Running Lead Manager to the Issue, while Cameo Corporate Services Limited is the Registrar to the Issue

Mid Valley Entertainment IPO has been rated by Brickworks Ratings India Pvt. Ltd.. and has been assigned ‟BWR IPO Grade 1”, which indicates poor fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed equity securities in India

Check back Indian IPO Blog for subscription status updates on Mid Valley Entertainment IPO!

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Friday, January 7, 2011

Mid Valley Entertainment IPO Grade

The upcoming IPO of Mid Valley Entertainment Limited, has been assigned an IPO Grade 1/5 by Brickworks. Brickwork Ratings ‟BWR IPO Grade 1” indicates poor fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed equity securities in India

Mid Valley Entertainment Ltd. is engaged in film production, distribution & exhibition in South India. The company produces, distributes and exhibits movies both in Indian and foreign languages. It also holds the music, video and television rights of movies, television serials for sales to TV Channels. The company has earlier produced movies like Thambi and Seena Thana in Tamil.

The company presently has screening agreements with 46 theatres across Tamil Nadu, Andhra Pradesh and Karnataka. The company plans to focus primarily on movie production and exhibition business going forward

Click here to download the Midvalley Entertainment Ltd. IPO Grading Document

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Thursday, January 6, 2011

C Mahendra Exports IPO finally subscribed 2.78 times

C Mahendra Exports IPO, which closed for subscription on Thursday, January 06, 2011, closed with oversubscription of 2.78 times on an overall basis. The IPO has received a good response in the Retail Category, which is subscribed 4.82 times, although the QIB Category is scantly subscribed at 1.02 times

C Mahendra Exports IPO was subscribed fully in the Retail Category on Day 3 of its opening, when the overall subscription figure stood at 0.72 times

Stay tuned for C Mahendra Exports IPO Allotment Status link and other updates on the IPO!

Click here for C Mahendra Exports IPO Final Subscription Status!

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C Mahendra Exports IPO Final Subscription Status

QIB: 1.02 times
Non-Institutional Investors: 3.92 times
Retail: 4.82 times
Overall: 2.78 times

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Endurance Technologies IPO gets IPO Grade 3 from CRISIL

The proposed IPO of Endurance Technologies Ltd. has been assigned an IPO Grade 3/5 by credit rating agency CRISIL. The grade indicates that the fundamentals of the IPO are average relative to other listed equity securities in India

CRISIL assigns IPO Grades on a scale of IPO Grade 1 to IPO Grade 5 with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

Stay tuned to Indian IPO Blog for the latest updates on Endurance Technologies IPO!

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Mid Valley Entertainment IPO Details

Issue Opens on: Monday, January 10, 2011
Issue Closes on: Wednesday, January 12, 2011
Price Band: Rs.64/- to Rs.70/- per equity share
Bid Lot: 95 Equity Shares and in multiples thereof
Lead Manager: Aryaman Financial Services Ltd.
Registrar: Cameo Corporate Services Limited

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Wednesday, January 5, 2011

C Mahendra Exports IPO fully subscribed on Day 4

C Mahendra Exports IPO has been subscribed fully till Wednesday, January 05, 2011, which is the Day 4 of the IPO. The IPO has been subscribed 1.03 times on an overall basis.

The IPO has received bids for 7728360 Equity Shares in the Retail Category as against 5250000 Equity Shares reserved in the category, thus making the category bid by 1.47 times. The subscription in the QIB Category has, however, remained bid less than one time till now, with bids received for 4902780 Equity Shares as against 7500000 Equity Shares reserved for the category

Click here for category-wise bidding status of C Mahendra Exports IPO till Wednesday, January 05, 2011

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C Mahendra Exports IPO Bidding Status till Day 4

QIB: 0.65 times
Non-Institutional Investors: 1.24 times
Retail: 1.47 times
Overall: 1.03 times

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C Mahendra Exports IPO Bidding Status update

C Mahendra Exports IPO has been bid 0.92 times on an overall basis till Wednesday, January 05, 2011 1600 hrs IST, as per data available on the NSE website.

The IPO was fully subscribed in the Retail Category till Day 3 of its opening, i.e. till Tuesday, January 04, 2011. The response from the QIB Category was lukewarm till Day 3, when the category was bid just about 0.43 times

Earlier, Credit Rating Agency ICRA had assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, the company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

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Trim Plastics files for IPO

Trim Plastics Ltd. proposes to enter the capital market with an IPO of about 59,30,000 Equity Shares. The company has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI)

Trim Plastics was founded in 1989 and mainly engages in manufacture of toothbrush products. According to the company's website, the company has been manufacturing toothbrushes for world class brands like Colgate and Cibaca

Stay tuned to Indian IPO Blog for the latest updates on Trim Plastics Ltd. IPO!

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SAIL FPO likely by second week of February

The Follow-on Public Offer (FPO) of Steel Authority of India (SAIL) is likely to hit the streets by the second week of February, 2011. SAIL is India's largest steel producing company. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country

SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. The Company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets

Update: SAIL FPO is deferred and is unlikely to open in February 2011. Check back Indian IPO Blog for the latest updates

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Trimax IT Infrastructure and Services may come up with an IPO

Trimax IT Infrastructure and Services is planning to come up with an IPO, for which the company is planning to file a Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) in near future

Trimax IT Infrastructure and Services offers a wide array of comprehensive onsite IT services and a Hybrid IT Infrastructure management solution. The hybrid FM solution includes offsite IT offsite IT Infrastructure monitoring along with onsite troubleshooting

Stay tuned for the latest updates on Trimax IT Infrastructure and Services IPO!

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Tuesday, January 4, 2011

C Mahendra Exports IPO Subscription Status till Tuesday, January 4, 2010

QIB: 0.43 times
Non-Institutional Investors: 0.95 times
Retail: 1.03 times
Overall: 0.72 times

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C Mahendra Exports IPO subscribed 72% till Day 3

C Mahendra Exports IPO has gained moderate response with the IPO been bid 0.72 times on an overall basis till Day 3 of its opening. The IPO has received bids for 10822860 Equity Shares as against a total Issue Size of 15000000 Equity Shares. The IPO is now fully subscribed in the Retail Category

C Mahendra Exports IPO was bid about 0.37 times on an overall basis till the second day, with comparatively keener response from the Retail Category, which was bid 0.75 times or 75% till Day 2 of its opening

C Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

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Mid Valley Entertainment IPO Bid Lot

The Price Band for the first IPO opening in 2011, Mid Valley Entertainment Ltd. IPO is fixed at Rs.64/- to Rs.70/- per equity share for shares having a Face Value of Rs.10/- each. The Bid Lot or the minimum order quantity is fixed at 95 Equity Shares and in multiples thereof

Mid Valley Entertainment IPO would remain open for subscription between Monday, January 10, 2011 and Wednesday, January 12, 2011. The Equity Shares are proposed to be listed on the BSE

Mid Valley Entertainment is a multinational Media & Entertainment company operating from Chennai. It produces, distribute and exhibit movies both in Indian and foreign languages

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Monday, January 3, 2011

C Mahendra Exports IPO Bidding Status till Day 2

QIB: 0.22 times
Non-Institutional Investors: 0.01 times
Retail: 0.75 times
Overall: 0.37 times

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C Mahendra Exports IPO bid 0.37 times till Day 2

The response to C Mahendra Exports IPO has remained feeble on Day 2, with the IPO getting bid 0.37 times on an overall basis till Day 2 of its opening, as per data available on the NSE website. Retail Category has, however, garnered about 75% subscription till Day 2 of the IPO

C Mahendra Exports IPO had received a lukewarm response on its opening day, with the IPO getting bid 32% on an overall basis. Retail Category, however, was subscribed 60% on the opening day

Earlier, Credit Rating Agency ICRA had assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, the company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

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Sunday, January 2, 2011

C Mahendra Exports IPO Rating from ICRA

Credit Rating Agency ICRA has assigned an IPO Grade 2/5 to the upcoming IPO of C Mahendra Exports Ltd. This indicates that as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

C. Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

Click here to download the ICRA IPO Grading Document for C Mahendra Exports Ltd.

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Mid Valley Entertainment IPO Price Band fixed

Mid Valley Entertainment IPO Price Band has been fixed at Rs.64/- per equity share at the lower end and Rs.70/- per equity share at the upper end for equity shares, having a Face Value of Rs.10/- each.

Mid Valley Entertainment Ltd., a south based media and entertainment company, is coming up with an IPO for about Rs.60 Crs, which would open for subscription from Monday, January 10, 2011

Mid Valley Entertainment Ltd. is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distributes and exhibits movies both in Indian and foreign languages

Stay tuned for latest updates on Mid Valley Entertainment Ltd. IPO!

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Top Gainers among IPOs in 2010

The year 2010 has seen as many as 65 IPOs hitting the streets with some rewarding the investors handsomely, while some others disappointing with their performance. While Coal India IPO remains a favorite for many Retail Investors due to the sheer absolute gain reaped, here's a look at the top gainers amongst IPOs in 2010 in terms of percentage gain based on a comparison of Issue Price with Market Prices at the close of 2010

1. Jubilant Food Works IPO
Jubilant Foodworks Ltd. tops the list of gainers based on market price at the close of 2010, Jubilant Foodworks Ltd. which runs the Indian franchise for global fast food chain Domino's Pizza, came up with an IPO in January 2010. The IPO was overbid about 31 times and the Issue Price was fixed at Rs.145/- per share. Jubilant Food Works Ltd. has appreciated marvelously since then with current price of Rs.624.60 - a stunning return of about 331% in a period of about 12 Months

2. Thangamayil Jewellery IPO
Thangamayil Jewellery Limited (TJL), the jewellery retailer in Madurai, comes second on the list with current market price of about Rs.168/- as against an Issue Price of Rs.75/- per share, yielding a hefty return of close to 124% over the Issue Price

3. Talwalkars Better Value Fitness IPO
Talwalkars Better Value Fitness Limited, owner of one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling, came up with an IPO in mid-2010 and received an awesome response with the IPO overbid close to 28 times. The stock has witnessed close to 110% appreciation with the stock currently trading at around Rs.270/- as against an Issue Price of Rs.128/- per share

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Tata Autocomp Systems to come up with an IPO

Tata Autocomp Systems Ltd. is planning to hit the streets with an IPO, for which the company has filed a Draft Red Herring Prospectus (DRHP) with SEBI

According to the company's website, Tata AutoComp Systems Limited, promoted by the Tata Group, provides products and services in the automotive industry to Indian and global customers, including Ashok Leyland, BMW India, Mercedes-Benz India, Eicher Motors, Fiat, Force Motors, Ford India, General Motors India, Hero Honda, Hindustan Motors, Honda Scooters, Honda Siel Cars India Ltd, International Tractors John Deere India, Mahindra and Mahindra, Mahindra Renault, Man Force Trucks, New Holland, Piaggio, Punjab Tractors, Royal Enfield, Skoda, Swaraj Mazda, Tata Motors, Toyota Kirloskar Motor Pvt. Ltd., Tractors and Farm Equipment Limited

Check back Indian IPO Blog for latest updates on Tata Autocomp Systems IPO!

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