Entries Tagged 'IPO Current Issue' ↓
October 22nd, 2007 — IPO, IPO Current Issue, IPO Reviews
Financial Services Company, Religare Enterprises is all set to tap the equity markets with its initial public offering (IPO) of 7,576102 equity shares at Rs 10 each. The issue will constitute 10% of the fully diluted post issue capital of the company.
Religare Enterprises IPO will open for subscription on October 29,2007 and the IPO will close for Subscription on November 1,2007. The price band of REL IPO has been fixed between Rs 160 at the lower end and Rs 185 at the higher end per equity share. The issue has been assigned IPO Grade 3 out of 5 by the ICRA.
Out of the total 75 lac equity shares under offer, at least 60% of the Issue will be allocated to qualified institutional bidders (QIBs) , of which 5% will be available to mutual funds. 30% will be available to the Retail Investors and the other 10% will be available to the Institutional Buyers.
About Religare Enterprises Limited
Religare Enterprises Limited is promoted by the Ranbaxy Laboratories.The company has six regional offices and 40 sub-regional offices across 392 cities and towns controlling 1,217 business locations all over India as well as a representative office in London.
Religare Enterprises is a holding company of 11 subsidiaries which offers a wide range of services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.
Financials of the Company
REL’s consolidated total income increased from Rs 311.27 million in fiscal 2006 to Rs 3,201.18 million in fiscal 2007. Its net profit increased from Rs 106.20 million in fiscal 2006 to Rs 250.21 million in fiscal 2007. It posted a consolidated Total Income of Rs 3,079.64 million and a net profit of Rs 367.26 million during the first half of fiscal 2008.
Pre-IPO Placement in REL
Religare Enterprises Limited will issue an allot around 38 lakh equity shares which would represent 5.56% ownership of the paid up capital of the company worth Rs 606 million to Indopark Holding Limited.
Objectives of the REL IPO
Expans Domestic Operations and Network Branches.
Fund Retail Finance Business
Expand Financing Activity
Enhance the visibility and to acheive the Benefits of Listing.
The Book Running Lead Managers to the Religare Enterprises Limited IPO are Enam Securities Private Limited and Citigroup Global Markets India Private Limited. Registrar for the IPO is Karvy Computershire Private Limited.
Post IPO the equity shares of the company are proposed to be listed on NSE and BSE stock exchanges.
Religare Enterprises Limited (REL) IPO Prospectus
For more information regarding the Religare Enterprises IPO subscription details, Allotment and other details do check this blog regularly.
October 18th, 2007 — IPO Current Issue
SVPCL Limited IPO : SVPCL Limited is a leading paper products manufacturer in Souther India, the company proposes to enter the capital markets with an IPO of Rs 34.50 crore.
SVPCL IPO opens for subscription on 22nd October 2007 and the SVPCL Limited IPO closes for subscription on 26th October 2007. The Price band of the IPO is fixed at Rs 40-45 per equity share of Rs 10 each.
Total Issue size of the SVPCL Limited IPO is Rs 34.5 Crore, out of total issue size 50% is allocated for Qualified Institutional Buyers (QIB) , 15% is reserved for the Non Institutional Investors and the rest of the issue which is 35% is reserved for the retail insvestors of the SVPCL IPO.
SVPCL Limited is presently one of the largest paper product manufacturers in Southern India with production facilities spread strategically across Andhra Pradesh at Hyderabad, Vijayawada and Visakhapatnam Special Economic Zone. The company manufactures entire range of educational stationery like books , Computer Stationery, Paper products, General stationery and printing services.
The company plans to use the net proceeds from the issue to expand its existing manufacturing facilities in Hyderabad, Vijayawada and Visakhapatnam, to set up marketing infrastructure in 10 identified locations in the country, to enhance its long-term working capital requirements and to meet expenses of the issue.
Book Running Lead Managers to the svpcl IPO ar BOB Capital Markets Ltd and UTI Securities Limited.The Registrar for the svpcl Limited IPO is Aarthi Consultants.
Analysts havent particularly graded this IPO, the markets currently being in Volatile state, SVPCL IPO would not get much attention but being a very small issue the IPO is likely to get good subscription from the investors. Subscription in SVPCL IPO would be high, but personally i would prefer to avoid such issue.
The shares of the SVPCL Limited IPO are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchanges of India
We update our blog regularly with Indian IPOs subscription details, Allotment status of already finished IPOs and the listing dates and about the refund details, so do visit our site regularly.
October 15th, 2007 — IPO Current Issue
Varun Industries proposes to enter the capital market with an Initial public offer of 90,00,000 equity shares at a price of Rs 60 per share aggregating to Rs 54 crore.
The net issue to the public is 65,70,000 equity shares of Rs 10 each at a price of Rs 60 per share for cash a premium of Rs 50 per share. The Net issue would constitute 29.71% of the post issue paid up capital of the company.
About Varun Industries Limited
Varun Industries Limited, earlier known as Varun Continental Limited, was incorporated on March 8, 1996 and exported stainless steel houseware and kitchenware, and gems and jewellery.Currently, the company exports stainless steel houseware and kitchenware, gems and jewellery, and other general merchandise.
For the year ended March 2007, Varund Industries Limited recorded a net profit of Rs 196 million, on an operating income of Rs 7,585 million, as compared with a net profit of Rs 144 million on an operating income of Rs 6,076 million for the year ended March 2006.
Objects of the Varun Industries IPO
• Launching Company’s products in the domestic markets and Brand building;
• Meeting the margin money requirement for enhanced working capital;
• Gaining the benefits of listing of our Equity Shares.
CRISIL Rating to the IPO : CRISIL has assigned a IPO Grade 1/5 to the proposed initial public offer (IPO) of Varun Industries (VIL). This grade indicates that fundamentals of the issue are poor relative to other listed equity securities in India.
The equity shares issued through the Varun Industries IPO are proposed to be listed on the Bombay Stock Exchange Limited. Book running lead manger to the issue is IDBI Capital Market Services limited and the Registrar for the Varun Industries Limited IPO is Bigshares Services Private Limited.Crisil assigns IPO grade 1/5 to Varun Ind IPO.If you like to read more information regarding the Varun Industuries IPOClick here for the Prospectus of Varun Industries Limited IPO
October 11th, 2007 — IPO Current Issue
Rathi Bars Limited involved in Iron and Steel manufacutring business, is all set to the enter the capital markets on 18th October with an issue size of 71.43 lakh equity shares at Rs 10 each.
Rathi Bars to fund its expansion plans will raise Rs 25 crore through the IPO with a cash price of Rs 35 each which includes a premium of Rs 25 per equity share. The IPO will constitute 43.74% of the fully dilluted post issue paid up capital of the company.
Rathi Bars IPO Dates : The issue would open on 18th October 2007 and close on 23rd October 2007.
Company Overview : The Company is presently involved in the business of manufacturing Steel Bars, which is used in the Construction of Multistoried Buildings, Dams, bridges, flyovers, and power plants as a basic reinforcement material. The company’s production capacity is about 70,000 tonnes per anum with a capacity utilisation fo 95 per cent and the company through the IPO proceeds would raise the production capacity to 1 Lakh tonnes per annum.
Objectives of the Rathi Bar IPO
- Expansion and modernisation including.
- Purchase of plant and machinery.
- Building and civil works.
- Requirement of working capital.
- Preliminary expenses.
Book running lead manager to the Rathi Bars Limited IPO is Chartered Capital and Investment Limited where as the Registrar for the Rathi Bars IPO is MAS Services Limited.
Rathi Bars IPO Listing : The equity shares issued through this IPO are proposed to be listed on the Bombay Stock Exchange of India .
For more information regarding the Subscription details and Allotment of Indian IPOs do check this blog regularly.
September 27th, 2007 — IPO Current Issue
Maytas Infra Limited (MIL) IPO is open for subscription from today, Maytas Infra IPO is a 100% book building issue which opens for subscription on Thursday, september 27, 2007 and closes for subscription on October 04, 2007.
Maytas Infra Limited IPO will issue 8,850,000 equity shares of Rs.10 each for a premium of Rs 320 - 370. For more information regarding the Maytas Infra Limited IPO click here.
Based on the previous IPO subscriptions of CCCL , Supreme Infra IPO Maytas Infra Limited IPO would do very well as it is backed by one of the Satyam Group Directors.
Keep checking this blog regularly for the Subscription details of Maytas Infra Limited IPO and for the allotment status later when the issue is finished for subscription.
September 26th, 2007 — IPO Current Issue
Gandhinagar-based Circuit Systems India Limited incorporated in 1995 a manufacturer of Printed Circuit Board(PCB) will float an initial public offer (IPO) to raise Rs 14.85 crore .The price of CSIL IPO is fixed at Rs. 35 per equity share.
Circuit Systems IPO will offer 42,44,810 shares of Rs 10 each at a premium of Rs 25 each to raise an amount of Rs 14.85 crore. Post IPO the net issue will constitute 25% paid up capital of the company.Subscription of Circuit Systems IPO will start from September 27 and the IPO will close on October 5 2007.
Circuit Sytems India is a manufacturer of Printed Circuit Boards (PCB).The company wants to increase its production lines by setting up new project which would enable them to meet the future market requirements in Indian and global Markets.Circuit Sytems IPO fund raising would help them set up the project and also help them to expand internationally in markets like Europe and North America.
Book running lead manager to the Circuit Sytems IPO is Centrum Capital Ltd. Post IPO the listing of Circuit Sytems IPO will be on Bombay Stock Exchange.
For more information regarding the Subscription of Circuit Systems IPO, Allotment and listing of Circuit Sytems India IPO read this blog regularly.
September 24th, 2007 — IPO Current Issue
Maytas Infra Limited IPO : Hyderabad based Maytas Infra Limited a leading Infrastructure and Construction Company is all set to the enter the capital markets through an IPO on 27,September of this month. Maytas Infra Limited IPO will issue 8,850,000 equity shares of Rs.10 each for a cash price of Rs 320 at the lower band of the issue and Rs 370 at the higher end of the issue. The issue will constitue 15.04% of the fully diluted post-issue equity share capital of the company.
Maytas Infra IPO will be open for subscription on 27-09-2007 and the IPO would close for subscription on 04-10-2007.
Of the total 8,850,000 equity shares of the IPO, QIB Portion would be at least 5,310,000 Equity Shares of which Mutual Fund Portion will be 265,500 Equity Shares and the Balance for all QIBs including Mutual Funds is 5,044,500 Equity Shares.
Non-Institutional Portion of the issue would be not less than 885,000 Equity Shares available for allocation and the Retail Portion of Maytas Infra IPO would be Not less than 2,655,000 Equity Shares available for allocation.
The intended objectives of the Maytas IPO are :
A. Investment in Associate companies:
(i) Bangalore Elevated Tollway Limited (“Bangalore Elevated Tollway”) for the construction of
the elevated highway project of the Bangalore-Hosur section of National Highway-7;
(ii) KVK Nilachal Power Private Limited (“KVK Nilachal Power”) for developing, constructing
and commissioning a 300 MW coal-based power plant in Orissa; and
(iii) SV Power Private Limited (“SV Power”) for setting up a 56 MW coal washery reject based
power plant and a 2.5 million metric tonne per annum coal washery at Korba District, Chhattisgarh;
B. Purchase of construction equipment;
C. Other project related investments and commitments;
D. General corporate purposes; and
The Book Running Lead Managers for the Maytas Infra Ltd. IPO are DSP Merrill Lynch Limited and JM Morgan Stanley Private Limited. The Co-Book Running Lead Manager for the issue is Kotak Mahindra Capital Company Limited. Registrar for the Maytas IPO is Karvy Computershire Private Limited. Post issue the Equity Shares of Maytas Infra Limited are proposed to be listed on both the NSE and the BSE stock exchanges.
Click here for Maytas Infra IPO Draft prospectus.
For more information on the subscription / Oversubscription of Maytas Infra IPO and Allotment,Listing and refund details of the Maytas IPO do check www.bsensedaily.com regularly.