Daily News from Bse,Nse Stock Markets of India |IPO Information
August 11th, 2009 — Grey Market Prices, IPO
Adani Power IPO Grey Market Premium is hovering around Rs 10-12 according to the sources. Adani Power IPO has received good response from the investors.
Adani Power IPO Subscription on the retail front was close to 3 times and the IPO price has been fixed at the upper band of Rs 100.
August 10th, 2009 — Grey Market Prices, IPO
NHPC IPO Grey Market premium is roaring to Rs 10 per share now, which in returns turns out to be a very good issue for the retail investors. This itself says the reason why NHPC IPO Subscribed 3 times on day 1
NHPC is India’s biggest hydroelectric power generator and the IPO opened for subscription on August 7th and the issue closes on 12th August. The issue received very good response on its opening day and was subscribed fully within five minutes.
August 10th, 2009 — IPO, Listing Date
Raj Oil Mills IPO Listing date has been announced by the company as August 12th 2009. Raj Oil Mills IPO opened for subscription with an offering of 95 million equity shares of Rs 10 each with a price band of Rs 100 to Rs 120 per equity share.
Raj Oil Mills IPO received a mild response from the investors and the issue was subscribed by 1.25 times only. Post subscription the company has fixed the IPO price at the higher band of Rs. 12o per share.
August 7th, 2009 — IPO, IPO Subscription
India`a largest hydel power generator National Hydroelectric Power Corporation (NHPC) IPO, has received an overwhelming response on day 1. It has been over subscribed by 3.54 times on day 1 according to the stock exchanges.
Qualified institutional buyers(QIBs) led the race subscribing by 6 times to the issue. This was followed by retail individual investors and non-institutional investors who subscribed 0.09 times and 0.0062 times respectively. NHPC IPO was fully subscribed within initial minutes of the opening today.A total 5,940,924,150 of bids were received out of which 42,954,275 bids were received at a cut-off price.
Axis Bank IPO / FPO is expected in the next few months according to industry sources. Axis Bank IPO/ FPO is sized roughly around 4000-5000 crores.
In 2007 , Axis bank has raised 4200 crores through an IPO, post the issue it has raised more fund through GDR and ADR subsequently priced at Rs.620 per share.
August 5th, 2009 — IPO
Godrej Properties (GPL) IPO (initial public offering) of Rs 600 crore is expected in the next 3 months according to sources. Godrej Properties IPO is likely to issue 9 crore shares and sell 13% stake via this IPO.
The company is going to sell 3% stake to domestic funds. ICICI Securities and Kotak Mahindra are bankers to the Godrej Properties IPO.
August 5th, 2009 — IPO, IPO Upcoming Issues
Lodha Developers IPO (initial public offering) is expected around October-November, 2009. Lodha Developers are looking to raise around Rs 2,000-2,500 crore through the IPO. Lodha Developers may file DRHP in the next 4 weeks and considering to sell 12-13% stake via IPO .
JPMorgan, Enam Securities are the merchant bankers for the Lodha Developers IPO. Amarchand Mangaldas will act as legal advisors.