Entries Tagged 'IPO Subscription' ↓

Gokul Refoils And Solvent IPO will hit the markets on May 8th, with an public offer of over 71.5 lakh equity shares of Rs. 10 each to be issued at a price band of Rs. 175 to Rs. 195. Gokul Refoils IPO will open for subscription on May 08, 2008 and the issue closes for subscription on May 13, 2008.

About the Company

Gokul Refoils And Solvent Limited, a Gujarat based company, engaged in the business of solvent extraction, refining of Edible oils and Vanaspati manufacturing. The company markets its products under the brand name “Gokul” in the states of Gujarat, Maharashtra, Rajasthan, Delhi, Haryana, J&K, Himachal Pradesh, Uttar Pradesh, Maharashtra, Bihar, Jharkhand, Chhattisgarh, Sikkim and Punjab. The brand has also been marketed in parts of Uttaranchal, Assam, West Bengal and Tamil Nadu.

The brand enjoys a national recognition and the products that are packed and sold include Mustard oil, Sunflower oil, Groundnut oil, Cottonseed oil, Palmolein oil, Vanaspati oil and Soya Bean oil these are not only sold in bulk quantities but also consumer retail packs of 15 Kgs, 15 Litre, 10 Litre, 5 Litre, 1 Litre and 500 ml. Pan India distribution network spread across 19 States catered by 18 C&F agents and 802 distributors, 3 depots, 15 brokers and 295 resellers, distributing Gokul products through a total 1133 bulk points.

Financials of the company:

Gokul Refoils and Solvent Limited consolidated total income for the financial years ended March 31, 2007 stood at Rs. 1599.86 crore and Rs.1347.82 crore for the period ended November, 2007. Profit after tax (PAT) for the FY07 was Rs. 25.73 crore, and Rs.41.83 crore for the period ended Nov 30, 2007.

Company’s standalone sales has grown at a CAGR of 39.30% over the last 5 financial years and its standalone PAT has increased at a CAGR of 41.16% over the last 5 financial years and EPS reported a growth of 24 % in last 3 years.

Purpose of the Gokul Refoils IPO

The company plans to used the proceeds raised from the issue , To set up a new 1500 TPD Soyabean processing plant near Gandhidham, Expansion of its existing edible oil refinery at Surat from 100 TPD to 400TPD ,Investment in its wholly owned Singapore subsidiary and Investment in increasing warehousing capacities and continuous Capex for existing units.

Gokul Refoils & Solvent IPO Grading

ICRA has assigned an ICRA IPO Grade “3/5″ (pronounced “three on five”) to the proposed initial public offering of Gokul Refoils and Solvent Limited which indicates average fundamentals.

The Book Running Lead Managers to the Gokul Refoils IPO are Anand Rathi Financial Services Limited and Intensive Fiscal Services Private Limited.

For information and updates on the Gokul Refoils & Solvent IPO Subscription details and Gokul Refoils IPO Review do check back later.

Titagarh Wagons IPO Subscription closed today, overall the issue has received very decent response from the investors with the issue getting subscribed by 6.75 times.

Final Subscription Figures of Titagarh Wagons IPO

Qualified Institutional Buyers (QIBs) quota : 10.37 times.

Non Institutional category oversubscribed : 2.77 times

Retail Individual Investors (RIIs) category : 0.98 times and

Employees category : 0.07 times.

REC IPO Subscription Details : (Rural Electrification IPO) has received tremendous response from the investors and has been fully subscribed with in the initial hours of its opening. REC IPO Subscription was 28 times at the end of day and majority of the bids are received in the QIB’s segment, Retail segment was subscribed by 6 times . Rural Electrification Corporation IPO Analysis has been done by many experts and everyone has suggested to apply in REC IPO for listing gains. Rural Electrification Corporation is available at a very attractive price compared to its peers the Power Finance Corporation (PFC) and considering the fact that the company has long serving record in the industry, investors can definitely invest in REC IPO for listing gains. Investors can expect decent allotment in Rural Electrification IPO as the number of shares offered under this segment is huge. More updates on REC IPO Subscription details will be posted here regularly.

GSS America Infotech IPO promoters should be very happy as the issue is fully subscribed now compared to the other recent IPO’s which were withdrawn due to poor response from the investors. GSS America Infotech IPO has received full subscription from the QIB’s and Non Institutional investors, but the issue is not fully subscribed in the retail segment and under the employees category. If the markets trade bullish today like yesterday, GSS America Infotech IPO subscription figures should be complete as the issue closes today. GSS America Infotech IPO price band is between Rs. 400 and Rs. 440 per share and the company plans to use the proceeds raised from the issue for setting up Global Delivery Centre at Hyderabad for its software operation. GSS America Infotech IPO is proposed to be listed on the BSE and NSE. More information and updates on GSS America Infotech IPO will be posted here.

Emaar MGF IPO has been withdrawn and the company has stated that it will refund the application money back to the investors in another 10-15 days. Main reason for the withdrawal of Emaar MGF IPO was because of the market sentiment and high pricing. Primary markets are facing tough time as lot of issues have to be extended and some of them getting withdrawn. Wockhardt Hospitals IPO Withdrew its IPO yesterday and SVEC IPO has extended the issue closing date to 13th of February, 2008.

Emaar MGF has revised its price band twice initially priced at Rs. 610 - 690 the company has reduced it to to Rs 540-630, with the subscription not getting done the company has extended the issue to 11th February and changed the price band to o Rs 530-630. Emaar MGF IPO Subscription today was over 0.84 times in the morning but suddenly QIBs and HNIs have started withdrawing their bids and the subscription dropped from 0.84 times to 0.43 times which made the company to rethink its IPO plans and has announced the withdrawal.

REC IPO will hit the markets for subscription on Monday, 19th February 2008. Rural Electrification IPO will issue over 15.6 crore equity shares at a price band of Rs. 90 to Rs. 105. Out of the total available shares employees reservation is fixed at over 39 lakh equity shares. Rural Electrical Corporation, REC is one of India’s leading Power Infrastructure company, which finances, promotes and helps in distribution of power projects .Rural Electrification Corporation has been awarded Mini Ratna Grade-1 status and the President of India currently holds 100 per cent paid up capital in the company through Ministry of Power and post IPO the share will come down to just over 81 per cent. R

Rural Electrification Corporation IPO is backed up by good financials of the company, for the FY07 the company has reported sales over Rs.2652 crore with Profit after tax standing at over Rs. 684 crore.

Rural Electrification Corporation IPO has been graded by CRISIL and the issue has been awarded IPO Grade 3 which indicates average fundamentals. REC IPO funds are proposed to be utilised for strengthening its capital-base.

REC IPO Subscription closes on Friday, 22nd February, 2008 and post IPO the proposed shares are to be listed on the BSE and NSE. Book Running Lead Managers to the REC IPO are ICICI Securities, SBI Capital Markets and IL&FS Investsmart Limited.More information and updates on REC IPO Subscription and REC IPO Allotment will be updated here soon. Do check back for Rural Electrification Corporation IPO analysis and review on REC IPO .

Wockhardt Hospitals IPO has been withdrawn according to the reporsts in various media. Wockhardt Hospitals IPO has received very poor response from the investors as the issue was heavily over priced compared to its peers like Apollo Hospitals and Fortis Healthcare. Subscription figures on the closing day were HNI Segment - 0.006 times, QIB’s - 0.3 times and the Retail segment was subscribed by only 0.2 times. Investors who have applied in this IPO has to wait for another 15 days to get the refunds from the registrar. More information regarding the Wockhardt Hospitals IPO Withdrawal news will be updated here as soon as it is known from the company.