Entries Tagged 'IPO Current Issue' ↓

Renaissance Jewellery IPO : Renaissance Jewellery will enter the capital markets with an Initial Public offer of 5,324,240 equity shares of Rs 10 each with the price band of Rs 125 to Rs 150.

Renaissance Jewellery IPO Details

IPO Opening Date : 19th November, 2007.

IPO Closing Date : 21st November, 2007.

IPO Offer Price : Rs 125 - 150.

Renaissance Jewellery IPO Grading : The initial public offer of Renaissance Jewellery has been graded by the ICRA and the agency has assigned ‘IPO Grade 2′ to the IPO which indicates below average fundamentals.

Book Running Lead Manager to the Renaissance Jewellery IPO is Edelweiss Capital Limited and the Registrar to the Renaissance IPO is Intime Spectrum Registry Limited.

Being a small issue and taking into account the IPO Grade assigned by ICRA , investors can skip to apply in the Renaissance Jewellery IPO and can apply in other quality issues which are soon going to hit the markets.

For more information regarding the Renaissance Jewellery IPO, Subscription and Allotment news do check our blog regularly.

Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.

Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.

Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.

Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors.

Details/Review of Kolte Patil Developers IPO:

About Kolte Patil Developers: Kolte-Patil Developers Limited started in 1991,  as a Real estate developer and construction of properties in Bangalore and Pune. The company has till now executed 25 projects out of which 3 are in Bangalore and 22 in Pune. Out of the total 25 projects, 16 are residential complexes, 4 commercial and 2 are IT Parks. All the projects completed cover 4.01 million square feet of saleable area.

Kolte Patil Developers is currently developing 28 projects with an aim of selling 17.80 million square feet. The company has received the Government of Maharashtra’s first prize for “Best IT Infrastructure in the State of Maharashtra ” for its GigaSpace I.T. Park project in Viman Nagar, Pune.

Financials of the company

For the fiscal 2007, Kolte Patil Developers consolidated total income stood at Rs.2,524.43 million and profit after tax at Rs.835.61 million. The Company’s Consolidated total income stood at Rs.889.65 million and profit after tax at Rs.338.76 million for quarter ended June 30, 2007 .

Objectives of the Kolte Patil IPO: To finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes.

The Book Running Lead Managers to the IPO are DSP Merrill Lynch Limited and Edelweiss Capital Limited. Registrar to the Kolte Patil Developers IPO is Bigshare Capital Services Private Limited. Post IPO the Equity Shares are proposed to be listed on BSE and NSE.

For more information regarding the Kolte Patil IPO Subscription, Allotment and other details of the Kolte Patil Developers IPO do check this blog regularly.

Burnpur Cement IPO : Burnpur Cement Limited is planning to enter the capital markets with an Initial Public Offer of Rs 26.20 crore to finance its expansion needs.

The company has received approval from SEBI for its IPO and the company plans to open the issue on November 28, 2007 and the issue would close on December 3, 2007.

Details of Burnpur Cement IPO

The issue would constitute 21.9 million equity shares of Rs. 10 each at the price band of Rs 10 at the lower end and Rs 12 at the higher end of the issue. Out of the total 21.9 million equity shares under offer, Employees reservation is fixed at 10,95,000 equity shares so the Net issue to the public is 20.8 million equity shares.

The Net Issue to the public would constitute 48.39% of the fully diluted post issue paid up capital of the company.

Issue Size : 26.20 crore

Number of Shares under offer to public : 2,08,05,0000 equity shares.

IPO Opening Date : 28th November 2007

IPO Closing Date : 3rd December 2007.

Objects of the Burnpur Cement IPO : The company plans to use the proceeds raised from the IPO, to set-up a Integrated Clinkerisation and Cement grinding plant of 800 TPD capacity expandable to 1600 TPD in the Hazaribagh district of Jharkhand at Patratu Industrial Estate at a cost of Rs. 120 crore.

Book Running Lead Manager to the Burnpur Cement IPO is Srei Capital Markets Limited and the registrar for the Burnpur cements IPO is Niche Technologies Private Limited.

For more information regarding the Subscription details of Burnpur Cements IPO and further details regarding the allotment of Burnpur IPO do check this blog regularly.

Leading Financial services company,Edelweiss Capital, 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.

Edelweiss Capital IPO will open for subscription from November 15, 2007. The price band of the Edelweiss IPO has been fixed at Rs 725 on the lower end and Rs 825 at the higher end of the issue. The face value of the equity shares offered under the IPO is Rs 5.

Edelweiss Capital IPO Details : The public issue will offer 8,386,147 shares of Rs 5 each and out of the total equity shares under offer, a reservation of 204,540 equity shares of Rs 5 each will be issued to the eligible employees of the company. So the Net issue offered to the Public is 8,181,607 equity shares of Rs 5 each.The net issue of Edelweiss Capital IPO would constitute 10.92% of the post Issue paid-up capital of the company.

Subscription of Edelweiss Capital IPO closes on 20th November 2007 and the equity shares offered through this IPO are proposed to list on BSE and NSE.

Qualified Institutional Investors Portion is at least 60% or 4,908,965 Equity Shares and Non Institutional Portion is Up to 818,160 Equity Shares. Retail Investors Category will be allotted Up to 2,454,482 or 30%, Equity Shares out of the total issue size of the Edelweiss Capital IPO.

Edelweiss Capital IPO Grading  : The issue has been graded by CRISIL and is assigned the CRISIL IPO Grade 4/5, indicating that the fundamentals of the Issue are above average.

Review and Analysis of Edelweiss Capital IPO :

About Edelweiss Capital Limited : 

Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.

Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.

In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.

Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for,  enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.
 
BRLM’s to the IPO
The book running lead managers to the Edelweiss IPO are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited and Lehman Brothers Securities Private Limited.

Registrar for the Edelweiss Capital IPO is Intime Spectrum Registry Limited and Post IPO the shares are  to be listed on Bombay Stock Exchange and National Stock Exchange.

Based on the excellent Financials of the company, CRISIL IPO Rating investors can apply for Edelweiss Capital IPO.

For further updates and information regarding Edelweiss IPO Subscription details and allotment status keep visiting www.bsensedaily.com regularly.

Flash : Allotment of Mundra Port IPO is Ready to Check 

Mundra Port IPO : Mundra Port and SEZ the largest port based Special Economic Zone in India promoted by the Adani Group is entering the Capital Markets with an IPO.

Mundra Port IPO opens for Subscription on November 01, 2007 and the IPO will issue 40,250,000 equity shares of Rs 10 each at a Price band of Rs 400 to Rs 440 per share. The Net issue will constitute 10.1% post issue paid up capital of the company.

MPSEZ IPO Details :

Total Issue Size of the Mundra IPO is 40,250,000 Equity Shares, out of which the Employees Reservation is fixed at 150,000 equity Shares, so the Net Issue to the Public is 40,100,000 Equity Shares.

Qualified Institutional Investors Portion is at least 24,060,000 Equity Shares and Non Institutional Portion is Up to 4,010,000 Equity Shares. Retail Investors Category will be allotted Up to 12,030,000 Equity Shares out of the total issue size of the MPSEZ IPO.

Subscription of Mundra Port IPO closes on Wednesday, November 07, 2007.

Review and Analysis of Mundra Port IPO :

About Mundra Port and Special Economic Zone Limited : The company is part of the Adani Group, which operates and has interests in different industries like Power Trading,Generation of Power, Real Estate Development.

The company was incorporated as Gujarat Adani Port Limited on May 26, 1998, and commenced phased operations at Mundra Port in October 1998 with commercial operations beginning in October 2001. The Company is principally engaged in providing services like Bulk Cargo , Crude Oil Cargo, Container Cargo and other value-added port services.

Mundra Port has  received approval as a developer of a multi-product SEZ at Mundra and the surrounding areas from the Government of India on April 12, 2006 which is the first port-based multi-product SEZs in India.

In 2006, the company was awarded the title of “Best Port Authority” in the Middle East and Indian Subcontinent by
Lloyd’s List for leadership, quality of service and commitment to customers in the area of port operations.

Financials of Mundra Port and SEZ IPO :

Income from operations of the company has grown at a compound annual growth rate (“CAGR”) of 51.2% from Rs.1,676.7 million in fiscal 2004 to Rs. 5,797.4 million in fiscal 2007.

Net profit in the financial year 2006 stood at Rs. 737.5 million and in fiscal 2007 was Rs. 1,931.2 million based on the unconsolidated financial results of the company.

Objects of the Mundra Port and Special Economic Zone IPO :

The company intends to uses the proceeds from the MPSEZ IPO for the following purposes

• Construction and development of basic infrastructure and the allied facilities in the proposed SEZ at Mundra;

• Construction and development of a terminal for coal and other cargo at Mundra Port;

• Contribution towards investment in Adani Petronet (Dahej) Port Private Limited;

• Contribution towards investment in Adani Logistics Limited;

• Contribution towards investment in Inland Container Private Limited;

Pre-IPO Placement in Mundra Port & SEZ IPO

Four leading Private Equity firms have made an Pre-IPO placement in the company which are the ICICI Bank, IDFC, Goverment of Singapore Investment Corporation and T Rose Price Asia.

BRLM’s to the IPO

Book Running Lead Managers to the Mundra Port IPO are DSP Merrill Lynch, JM Financial Consultants, ENAM Securities, SSKI Corporate Finance and SBI Capital Markets.

Registrar for the Mundra Port & SEZ IPO is Intime Spectrum Registry Limited and Post IPO the shares are  to be listed on Bombay Stock Exchange and National Stock Exchange.

For information regarding Mundra IPO Subscription details and Mundra IPO allotment status keep visiting www.bsensedaily.com regularly.

Empee Distilleries Limited IPO is going to hit the Equity markets on 1st November 2007. Empee Distilleries Limited is a Chennai based Distillery engaged in the production of Alocoholic Beverages.

Empee Distilleries will issue 48,00,000 equity shares of Rs 10 each at a price band of Rs 350 to Rs 400. Post IPO the issue will constitute 25.26 per cent of the paid up capital of the company. Empee Distilleries IPO will open for subscription on 1st of November and the issue will close for subscription on 6th November, 2007.

Details/Analysis of Empee Distilleries IPO

About Empee Distilleries Limited : The Company is part of Empee Group promoted by Mr. M P Purushothaman and his family members engaged in the manufacture of Indian Made Foreign Liquor (IMFL) . The company entered into the Beverages and Distillery Industry in the year 1984 and Empee Distilleries is now one of the major suppliers of IMFL products to the Tamil Nadu State Marketing Corporation Limited (TASMAC) and one of the top ten selling brands of IMFL 180 ML Pack.

Empee Distilleries Limited has now own IMFL products unders its portfolio like the Old Secret XXX Rum, Power XXX Rum,Empee Napoleon Premium Brandy, Empee Fine Brandy, Commando XXX Rum,Old Secret Brandy and other brands which can be referred in the draft prospectus.

The company has manufacturing facilities at Mevaloorkuppam, Kanchipuram District, Tamil Nadu and at NIDA, Kanjikode, Palakkad District, Kerala.

Financials : Empee Distilleries Profit after tax for the Year ended September 30 2006 stood at Rs 889.49 lacs and for the previous year ended 2005 stood at Rs 565.18. The company’s Proft after tax grew more than 50% year on year for the past three years based on the good sales they have done.

Objectives of the Empee Distilleries Limited IPO :Setting up of 60 KLPD Grain Based Distillery Unit at Nellore District along with Blending & Bottling IMFL Plant with a capacity of 0.70 Lakh cases per month. Setting up of 7.5 MW Bio-mass based Power Plant at Aranthangi Taluk, Pudukottai District, Tamil Nadu. Expansion of Distillery Unit situated at Mevaloorkuppam, from 20KLPD to 70KLPD.

BRLM and Registrar of the Empee IPO : Book Running Lead Manger to the Empee Distilleries IPO is Allianze Securiteis Limited and the Registrar for the IPO of Empee is Cameo Corporate Services Limited.

Post IPO, the shares of Empee Distilleries Limited will be listed on both NSE and BSE .

Along with Empee Distilleries Limited, Globus Spirits IPO is also coming soon with an IPO. The liquor sector is strong with YOY growth at over 35 percent the industry is attracting good investment.

For more Updates regarding the Empee Distilleries Limited IPO subscription details, Listing Date and Allotment updates of Empee IPO do check www.bsensedaily.com regularly.

Barak Valley Cements IPO : Barak Valley Cements Limited is entering the capital markets with an Initial Public Offering (IPO) of 56,60,000 equity shares of Rs 10 each with the price band of the issue at Rs 37 - 42. Barak Valley Cements IPO -BVCL IPO will open for subscription on 29th October 2007 and the subscription of the issue will close on  November 01, 2007.

The net issue to the public is 55,47,000 equity shares after educing the Employees Reservation of 1,13,000 equity shares.The net issue to the public would constitute 25.03% post issue paid up capital of the company.

Barak Valley Cements IPO Issue Details :

Total Issue size is 56,60,000 equity shares. Less : Reservation for Employees : 1,13,0000 shares

Net Issue to the Public is : 55,47,000 equity shares.

Out of the Net issue to the public,Qualified Institutional Buyers (QIBs) will be allocated 27,73,500 Equity Shares(on proportionate basis). Non Institutional Investors will be allocated 8,32,050 Equity Shares on a proportionate basis and the Retail Investors Cateogory will be allocated 19,41,450 Equity Shares.

So we have done Analysis/Review of the Barak Valley Cements IPO which is as follows

About Barak Valley Cements Limited:

The Company is in the business of Cement manufacturing and markets its products under the brand name “Valley Strong Cement” with most of the sales in the North Eastern Region.The company was incorporated in the year1999 and the promoters of our Company are Mr. Prahlad Rai Chamaria, Mr. Bijay Kumar Garodia and Mr. Santosh Kumar Bajaj.

Product portfolio of the company includes  Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC).

The Company has the following companies as its wholly owned subsidiaries:
1. Badarpur Energy Private Limited
2. Cement International Limited
3. Meghalaya Minerals & Mines Limited

Financials of the Company :

Income for fiscal 2006 and 2007 were, Rs. 5351.71 lakhs and Rs. 7433.21 lacs respectively.Net Profit after Tax for fiscal 5 2006 and 2007 were Rs. 1151.96 lakhs and Rs.1430.88 lakhs respectively.The company sold approximately 1.04 lacs tons, 1.22 lacs ton, 1.34 lacs tons and 1.60 lacs tons of cement for fiscal 2004, 2005 and 2006 and 2007 respectively.

OBJECTS Of Barak Valley Cements IPO:The company likes to utilise the funds raised from the IPO for the following purposes :

1. To expand clinkerisation capacity of the company from present 420 TPD to 600 TPD and Cement Grinding Capacity from 460 TPD to 750 TPD;
2. Investment in subsidiary company Badarpur Energy Pvt Limited.,for setting up a biomass based powerproject at Badarpurghat, Assam;
3. To meet working capital requirement;
4. General corporate purpose;

Book Running Lead Manager to the Barak IPO is UTI Securities Limited and the registrar for the issue is Intime Spectrum Registry Limited. Post issue the Equity Shares are proposed to be listed on Bombay Stock Exchange Limited (BSE) and on the National Stock Exchange of lndia Limited (NSE).For the purpose of Barak Valley IPO,Bombay Stock Exchange Limited is the Designated Stock Exchange.

For updates regarding the Barak Valley Cements IPO Subscription Figures, Allotment Status of the Barak Valley Cements IPO visit our website regularly.