Entries Tagged 'IPO Subscription' ↓

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Wockhardt Hospitals IPO has been withdrawn according to the reporsts in various media.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.

VGuard IPO is all set to enter the capital markets on 18th February with an offering of 8 million equity shares . Out of the available 80 lakh equity shares, employees reservation is fixed at 4 lakh equity shares so the net issue to the public is 76 lakh equity shares. Vguard IPO price band has been fixed at Rs. 80 on the lower end and Rs. 85 on the higher end of the issue. VGuard Industries is a cochin based electronic brand company which manufactures and markets Motors, Stabilisers and other Electronic items. VGuard has good marketing network in the south with over 7500 retailers serving through more than 100 distribution centres. V-guard IPO funds are proposed to be used for establishing new manufacturing units at Coimbatore and Uttaranchal.

VGuard IPO has been graded by CRISIL and the agency has assigned IPO Grade 3, which indicates average fundamentals of the Vgaurd IPO. Book Running Lead Manager to the issue is Anand Rathi and the issue is proposed to be listed on the BSE and NSE. Vguard IPO Subscription closes on the 21st of February, 2008 and being a small issue it should get good investors response. More updates and information on Vguard IPO Subscription and VGuard IPO Allotment will be posted here.

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.

Wockhardt Hospitals IPO will open for subscription on January 31st, 2008 with offering of over 2.5 crore equity shares. Wockhardt Hospitals IPO price is fixed between Rs. 280 at lower end and Rs. 310 at higher end of the issue. Wockhardt Hospitals is India’s largest private health-care service provider with revenue over Rs. 235 crore for the last financial year and current revenues for the 9 months completed being at Rs. 259 crore. Wockhardt Hospitals IPO funds will be used for expansion of hospitals through out the country from the existing 15 hospitals to 31 hospitals and from 1374 beds to 4780 beds. Wockhardt Hospitals IPO is proposed to be listed on the BSE and NSE and the subscription of the IPO closes on 5th February, 2008.More information regarding the Wockhardt Hospitals IPO Subscription and Wockhardt Hospitals IPO Allotment will be updated here soon.