Entries Tagged 'IPO Upcoming Issues' ↓

Hyderabad based Rithvik Projects Limited is planning to come out with an IPO and has recently filed its DRHP prospectus with SEBI.Rithvik Projects Limited IPO would issue 52 lakh equity shares at Rs 10 each with a premium to be decided later through the book building process.Net issue of the Rithvik Projects IPO is 47 lakh equity shares to the public and 5 lakh equity shares are reserved for the employees.

The Net issue would constitute 27.65% post issue paid up capital of the company.

Rithvik Projects is an infrastructure development company providing integrated engineering, procurement and construction services for civil & structural construction and infrastructure sector projects.

This Issue is being made through a 100% Book Building Process wherein up to 50% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers, of which 5% shall be reserved for Mutual Funds. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less
than 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders.

The objects of the Issue are to raise capital for financing the funds required for:
1) Acquiring Plant & Machinery
2) Augmenting Additional Long Term Working Capital Requirement
3) General Corporate Purposes
4) Meeting the Public Issue Expenses

The company profit for the year ended March 31, 2007  stood at Rs 9.96 crore.

Book Running Lead Manager to the Rithvik Projects Limited IPO is Saffron Capital Advisors Private Limited and the Registrar to the Rithvik Projects IPO is Aarthi Consultants Private Limited.

The Equity Shares issued through this IPO are proposed to be listed on Bombay Stock Exchange Limited (BSE) and on the National Stock Exchange of lndia Limited (NSE).For the purposes of this Issue, BSE shall be the Designated Stock Exchange.

Rithwik-Projects-Limited-IPO-Draft-Prospectus

Avon Weighing Systems Limited has recently filed its Red Herring Draft Prospectus with the SEBI for an initial public offering of 98,36,400 equity shares at a cash price of Rs 10 aggregating to Rs 983.64 Lakhs. Avon Weighing Systems IPO would be a fixed price IPO at price of Rs 10 to the public.

Avon Weighing Systems Limited is a company incorporated in India engaged in the business of selling weighing systems. Avon is classified as small scale industry. Avon is the authorized dealer and one of the distributors of A&D and Tanita’s weighing systems in India.M/s A&D Company Ltd.(A&D), Japan and Tanita Corporation (Tanita), Japan both are the largest
weighing scale manufacturers in the world in their range of products.

Avon Weighing Systems with the funds raised from the IPO will be setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems.

Avon Weighing Systems IPO Book Running lead manager is Keynote Corporate Services Limited and the Registrar for the Avon Ipo is Datamatics Financial Services Limited. Post IPO the Equity shares of Avon Weighing Systems are proposed to be listed on Bombay Stock Exchange Limited (BSE).

For Avon Weighing Systems IPO  prospectus read here

Avon Weighing Systems IPO Draft Prospectus

onMobile Global Limited has recently filed its DRHP with SEBI for an Initial Public Offering (IPO) of 10,900,545 equity shares of Rs 10 each for an premium to be decided later through the book building process. The issue would constitute 18.99% of the fully diluted post paid up capital of the company.

From the funds raised from the Onmobile Global IPO the company intends to use them for
Purchase of equipment for company offices at Bangalore, Mumbai,Delhi and at various customer locations.
Meet working capital requirements.
Repayment of Loan
Fund expenditure for general corporate purposes.

Book running lead managers to the onmobile Global IPO is Deutshe Equities India Private Limited and ICICI Securities Private Limited and the Registrar for the onMobile IPO is Karvy Computershire Private Limited and post IPO the onmobile listing would be on Bse and Nse stock exchanges.

Emaar MGF IPO : Emaar MGF has filed its Draft Red Herring Prospectus with Sebi for an IPO of 117 million equity shares of face value Rs 10 each with the price of the IPO would be decided through the book building process and the size of the Emar MGF IPO issue is likely to be around 4800 Crore.

Emaar MGF company, is a joint venture between Emaar Properties PJSC and MGF Land Development Ltd. Emaar Properties is Middle East’s biggest real estate developer where as MGF is a New Delhi based land development company.

Emaar MGF has got significance presence in India with projects varying from Commercial, Residential, Infrastrucure and Hospitality sectors.

Emaar MGF has appointed appointed Citigroup Inc, Enam Financial Consultants and Merrill Lynch as the lead managers for the issue.

Read more information regarding the Emaar MGF IPO  which is opening on the 1st of February 2008.

Kolkata based Ramsarup Lohh Udyog Limited is planning to go for an Public issue of  3,00,00,000 equity shares of Rs. 10 each for cash at a premium which is to be decided later in the book building process. Net offer to the Public would be 2,70,00,000 equity shares which would constitute 39.17% of the fully diluted post issue paid up capital of the company.

Ramsarup Lohh Udyog has recently filed draft with SEBI and is waiting for the approval from the regulatory authority.

The Main Objects of the Ramsarup IPO are:
To finance the Integrated Steel Plant consisting of the following modules:
a. 350 cubic meter Mini Blast Furnace to produce Hot Metal /Pig Iron
b. 500 TPD Direct Reduced Iron Plant to produce Sponge Iron
c. Steel Melting Shop with a 70 MT Electric Arc Furnace with Ladle Refining & Billets Caster to
produce steel Billets
d. 20 MW Co–generating Captive Power Plant
e. Air Separation Plant to produce Oxygen, Nitrogen & Argon for Captive use
f. 90 m3 Sinter Plant to produce Sinter Ore

Book Running Lead mangers to the Ramsarup Lohh Udyog IPO are Microsed Capital Limited and Religare Securities Limited. Registrar for the Ramsarup Lohh Udyog IPO is Intime Spectrum Registry Limited. Post IPO the shares would be listed on BSE and NSE where as BSE is the designated stock exchange for this issue.

For more information on Ramsarup IPO read the Ramsarup Lohh Udyog IPO Draft Propectus

Bharat Oman Refineries Ltd IPO : Bharat Oman Refineries Ltd  plans to raise Rs 1200 crore via an Initial Public offer in financial year 08 for setting up an refinery at Bina in Madhya Pradesh which will have production capacity of 6 million tonne per year and is estimated to complete its mechanical installation of the refinery by December 2009.

Bharat Oman Refineries Ltd (BORL) is a joint venture between Bharat Petroleum Corporation Ltd(BPCL) and Oman Oil Corp. BPCL and Oman Oil Copr will jointly hold a 52 percent stake and the remaining 48 percent will be alloted to private investors.
 

Hyderabad based Alkali Metals Limited is planning for Initial Public offer of 3,846,100 Equity shares with face value of Rs. 10/- each for cash at a price which is to be decided later in the book building process.The issue shall constitute 35.66% of the post issue paid up capital of the company.

The Objects of the Alkali metals IPO are as follows:
(A) The Company plans to set up an API plant at Jawaharlal Nehru Pharma City at Visakhapatnam.
(B) General Corporate Purposes.
(C) Meet the expenses of the Issue.

The Book Running Lead Manager for the Alkali Metals IPO is Religare Securities Limited and Came Corporate Services Limited is the Registrar for the Alkali IPO.

The Equity Shares offered are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) and the Company has received in-principle approvals from these Stock Exchanges for the listing of its Equity Shares. The Bombay Stock Exchange Limited (“BSE”) shall be the Designated Stock Exchange for the purpose of this issue.

For more information read the draft prospectus of  Alkali Metals IPO