Entries Tagged 'IPO Upcoming Issues' ↓

Mumbai based eClerx Services Limited, a knowledge process outsourcing (KPO) firm, is planning to enter the Capital markets with an initial public offering (IPO) of around Rs 100 crore, thus becoming the first Indian Knowledge Process Outsourcing Company to do so.

eClerx, which has recently filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi), expects to hit the markets by the end of this fiscal year.

Eclerx was found in the year 2000 and Burwood Ventures holds 21 percent in this company.The company has three major development centres in Mumbai and empolys around 1000 people and the fourth centre is coming up in Pune. The company which has an estimated turnover of Rs 86 crore for the year ended March 31 2007 is also planning to open additional centres in Chennai and Delhi.

Eclerx plans to used the funds raised from the IPO for setting up additional facilities, infrastructure invesments and for future acquisitions.

The Book Running Lead Managers for the eClerx Services Ltd IPO would be JM Financial Consultants Pvt Ltd, Edelweiss Capital India Ltd and the Registrar for the Eclerx IPO is Karvy Computershire Private Limited.

eClerx Services Limited IPO - eClerx IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the eClerx IPO Draft Prospectus

New Delhi based Cords Cable Industries Limited (CCIL) a leading manufactures of industrial Cables is planning for an Initial Public offer of 35,00,000 Equity Shares, constituting 30.63% of the post Issue paid-up capital of the Company.

Cords Cable IPO would issue 35,00,000 Equity Shares, of which Employees Reservation Portion is 70,000 Equity Shares, so the Net Issue to the Public is 34,30,000 Equity Shares.Of which Qualified Institutional Buyers Portion is Upto 17,15,000 Equity Shares constituting 50% of the Net Issue to the Public, out of which 5% of the QIB Portion or 85,750 Equity Shares shall be available for allocation on a proportionate basis to Mutual Funds.

Non Institutional Bidders Portion will be atleast 5,14,500 Equity Shares constituting 15% of the Net Issue to Public
and Retail Individual Bidders Portion will be atleast 12,00,500 Equity Shares constituting 35% of the IPO.

Cords Cables intend to deploy the net proceeds from the Issue for setting up of the production facilities, enhancement in long term working capital requirements, and for general corporate purposes. The project is being undertaken to expand and diversify company’s product range with a view to manufacture HT cables and Rubber Cables.

The net worth of the Company as on March 31, 2006 and March 31, 2007 was Rs. 904.56 lacs and Rs. 1410.59 lacs respectively as per our restated financial statements under Indian GAAP. So the NAV per Equity Share of Rs. 10 each was Rs. 24.17 as on March 31, 2006 and Rs. 21.38 as on March 31, 2007, as per our restated financial statements under Indian GAAP.

The Book Running Lead Manager to the issue is Collins Steward Inga Private Limited and the Registrar for the Cords Cable IPO is Intime Spectrum Registery Limited.

Cords Cable Industries Limited IPO - CCCL IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Cords Cables Industries Limited IPO IPO - CCIL IPO issue.

UTI Asset Management Company has got all the final approvals to go for the Initial Public Offer. UTI has today said that the its AMC has got in-principle approval from the government and its board. UTI IPO will hit the markets by the end of this finacial year.

The promoters LIC, Punjaba National Bank, SBI, Bank of Baroada who hold 100% in the company have all decided to dilute the holdings amounting to 49% in the company by going the IPO route. All the four promoters have invested in 2005 when UTI was restructured and it would help them to unlock the value and gains from the capital invested in the group.

UTI AMC is raising some fresh money for a massive brand expansion and for a massive technology upgradation.

While the company will sell 49 percent to investors, it will retain its PSU status with sponsors controlling 51 percent. This will make it one of the select fund managers to manage the government’s pension scheme and the national investment fund.

The proposed IPO of State-owned National Hydro Power Corporation (NHPC) which was expected to hit the markets before the end of March 2008 has been postponed and NHPC IPO will hit the markets in the fourth quarter of 2008.

National Hydroelectric Power Corporation (NHPC) is the country’s largest hydro-power company and has plans to raise nearly Rs 1700 crore from its initial public offering (IPO). NHPC had filed the draft red herring prospectus with the market regulator SEBI in April .

Bangalore based Real estate company Brigade Enterprises which is into development of residential and commmercial properties, has filed its draft red herring prospectus (DRHP) with the Securities & Exchange Board of India.

Brigade Enterprises proposes to issue 16,624,720 equity shares of Rs 10 each for cash, at a price to be decided through the 100% book building process. Out of the total issue size Employee reservation is  100,000 equity shares. There will also be a green shoe option of up to 2,493,708 equity shares. The issue will constitute 16.87% of the fully diluted post issue paid-up capital of the Company.

Qualified Institutional bidders proportion is at least 60% of the issue ,out of which 5%  willl be available to mutual funds. Further, up to 10% of the issue shall be available for allocation on a proportionate basis to non-institutional investors and up to 30% of the issue shall be available for allocation on a proportionate basis to retail individual investors.

The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the company’s ongoing and forthcoming real estate projects and general corporate purposes.

Book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and ICICI Securities Limited is the co-book running lead manager to the issue . Post IPO Brigade Enterprises is proposed to be listed on the Bombay Stock Exchange and the National Stock Exchanges of India.

Brigade Enterprises IPO Draft Prospectus

Hyderabad based Saamya Biotech India Ltd manufacturer of Biotech products is coming out with an IPO of 15 lakh shares of Rs 10 each totalling to 15 crore. Saamya Bio IPO will open for subscription on September 25 and will close on September 28, 2007.

Saamya Biotech India was set up in August 2002 as a 100% Export Oriented Unit and the company deals in various chemicals , pharmaceuticals drugs and intermediaries.

The management of Saamya Biotech has said they will have revenues from financial year 08 onwards and it has total assets of Rs 9.19 crore and networth of Rs 8.66 crore.

Saamya Biotech intends to use the money raised from the IPOe for setting up manufacturing facilities including R&D, pilot facility and to meet margin money for working capital.

Footwear maker Khadim India is planning an Initial Public offering (IPO) of 55 lakh equity shares, accounting for 30.05 per cent of the fully-diluted post-issue capital.

Khadim IPO will offer 55 lakh equity shares out of which 2 lakh equity shares are reserved for the employees so the total net issue to the public is 53 lakh equity shares.

Khadim India plans to raise around Rs 100 crore from the IPO for setting up exclusive foot wear retail stores, lifestyle retail stores, central distribution centre and improve the IT infrastructure of the company.

Khadim India has 260 retail outlets across 22 states. The company also forayed into value-lifestyle retailing, through its brand Khadim’s Khazana and Khadim’s Egaro which offer garments, footwear, jewellery, gold and groceries.

Microsec Capital Limited is the book running lead manager and the Registrar of the issue is Intime Spectrum Registry Limited. The company plans to list the shares on NSE and BSE stock exchnages of India.

For further details read the Red Herring Draft Prospectus of Khadim India Limited IPO.