Entries Tagged 'IPO Current Issue' ↓

NHPC IPO can hit the markets in the month of July-August according to the sources. NHPC has filed its DHRP in the month of Dec 2008, and had to postpone the issue because of the bad financial markets. The current markets stabilising and showing growth pattern has encourage lot of companies who have prolonged their IPO’s to comeback.

NHPC is such company which will hit the markets with a 2000-3000 crore IPO, which could attract lot of interest among the small and middle investors group. Mutual funds who are sitting on huge piles of cash would definitely invest in such quality issues.

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Somi Conveyor Beltings IPOis all set to hit the capital markets on June 24th, 2008. Somi Conveyor Beltings IPO price band has fixed at Rs 35 per equity share with over 62 lakh equity shares of Rs. 10 each under offering. The issue closes for subscription on June 27, 2008.

Somi Conveyor Beltingsissue comprises of contribution by promoters, of 14,99,286 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 5.25 crores, and the net issue to the public of 47,28,574 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 16.55 crores including an allocation of at least 10% of the net issue to the public to Qualified Institutional Buyers. The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share.

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Aishwarya Telecom IPO opens on 15th April, 2008 with an public issue of 52 lakh equity shares of Rs. 10 each to be issued at a premium of Rs. 32 on the lower end and Rs. 35 on the higher end. Aishwarya Telecom manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai. ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.

Aishwarya Telecom IPO Proceeds are planned to be used to :

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Sita Shree Food IPO Subscription started today and the issue closes on 14th March, 2008. Sitashree Foods IPO is a small food processing company which is set to raise over Rs.31.5 crore through the public offering. Price band of the Sita Shree Food Products IPO is set at Rs. 27 to 30 per share for equity shares of Rs. 10 each and the issue is proposed to be listed on the BSE and the NSE exchanges. Sita Shree is a food processing company which processes products like wheat, maida, suji, and other dals. The company markets its products under the name Sita Shree regular and Sita Shree Gold. The company plans to use the proceeds rasied from the IPO for setting up new plants and to finance the capital expenditure. Sita Shree Food has reported Net profit of Rs. 0.92 crore for the year ended March 2007 for Reported sales of rs. 80.73 crore. Book RunningLead manager to Sita Shree Food IPO is Keynote Corporate Services Limited and Ankit Consultancy Pvt Ltd is the registrar for the Sita Shree IPO. More information and updates on the Sita Shree Food Products IPO Subscription will be updated here soon.

Globus Spirits IPO is set to hit the capital markets on 07th February, 2008 with an public offer of over 42 lakh equity shares with the price band of Rs. 140 to Rs. 160. Globus Spirits IPO will raise an estimated amount of Rs. 68 crore for expansion facilities and for modernisation of existing plants. Globus Spirits is one of the premium alcohol manufacturers in Northern India which markets its alcochol products under the Brand Name IMFL. Globus Spirits IPO has been graded by CARE and the company received CARE IPO Grade 3 for Globus Spirits IPO. Globus Spirits has shown steady growth in its financials over the past 3 years and the company has grown at 30 percent CAGR with registered net profit after tax standing at Rs. 8.6 crore in the previous financial year. Globus Spirits IPO Subscription closes on 12th February, 2008 and the issue is proposed to be listed on the BSE and NSE. BRLM to the Globus Spirits IPO is SREI Capital Markets. More information and Updates on Globus Spirits IPO Subscription and Globus Spirits IPO Allotment status will be updated here.

SVEC Constructions IPO Subscription will start from 4th of February, 2008 and the IPO Subscription closes on the 8th of February, 2008. SVEC Constructions IPO will issue over 40 lakh equity shares to the public out of which, over 14 lakh equity shares are to be allotted to the Retail Investors. SVEC Constructions IPO price band has been fixed at Rs. 85 on the lower end and Rs. 95 on the higher end of the issue. SVEC Constructions is a Hyderabad based construction company with operational expertise in irrigation projects, residential townships and office complexes. SVEC Constructions IPO hasn’t been graded by any of the Rating agencies as the company has opted not to grade the IPO. SVEC IPO funds are proposed to be used for acquiring capital equipments and for working capital requirements. More updates and information regarding the SVEC Constructions IPO Subscription and SVEC IPO Allotment will be udpated here. Do visit us back for SVEC Constructions IPO Information.

Emaar MGF IPO will hit the Indian Capital Markets with an issue of over 10 crore equity shares on the 1st of Februay, 2008. Emaar MGF IPO price band has been fixed at Rs. 610 on the lower end and Rs. 690 on the higher end of the public issue. Emaar MGF Land is the Joint Venture company formed between Emaar Properties (Dubai) and MGF Development India where Emaar is one of the leading real estate firm in the world with majority of its operations in Dubai. Emaar MGF IPO has been graded by CARE and the Emaar MGF Land IPO received IPO Grade 4 which indicates good fundamentals of the company compared to other IPO’s hitting the markets. Emaar MGF IPO issue size is nearly as big as the DLF and the number of shares offered under the Retail Category is over 3 crore equity shares and investors who wish to book profits on listing can expect good returns and others who would like to keep this stock in their portfolio can also do as this will be a quality stock like the DLF. Emaar MGF Land has good land bank in India with over 13,024 acres available for development with a proposed area to sell at 565 million square feet and the consolidated income of the company for the past six months was over 500 crore.

Emaar MGF IPO Subscription closes on 6th February, 2008 and the IPO is proposed to be listed on the BSE and NSE exchanges. BRLM;s to the Emaar MGF Land IPO are Enam Securities and DSM Merrill Lynch. More information and updates regarding the Emaar MGF IPO Subscription and Emaar MGF IPO Allotment will be updated here. Do check back for Emaar MGF Land IPO Information.