Entries Tagged 'IPO Reviews' ↓

Markets ananlysts and majority of the experts have expressed not to apply in Burnpur Cement IPO. The issue opens for subscription from tommorrow and closes on the 3rd of December 2007. Analysts say that the financial performance of the company doesnt look encouraging and post IPO the company’s debt would be increased to Rs. 90 crore and seeing FY07 results, topline income was 24 crore on capital of 11.17 crore that resulted in a bottom line income of 1.15 crore the EPS works out to 1 which is not good in any terms. Investors are better of to judge by them selves on the performance but overall the cement sector as itself looks good, so keeping that in perspective very bullish investors can probably apply otherwise small investors can skip this issue

Kolte Patil IPO: Kolte Patil Developers Limited is planning to enter the capital markets with an public issue of 18,812,709 equity shares of Rs. 10 each with a price band of Rs. 125 to Rs. 145 per share.

Subscription of Kolte Patil IPO begins on November 19th, 2007 and will close for subscription on November 22, 2007.

Reservation of 188,127 equity shares is reserved for eligible employees out of the net issue size. Net Issue will constitute 25% of the post-Issue paid up capital of the Company.

Of the total issue size, Qualified Institutional portion will be not more than 50% . Non Institutional portion will be not less than 15% and the remaining 35% will be available to the Retail investors.

Details/Review of Kolte Patil Developers IPO:

About Kolte Patil Developers: Kolte-Patil Developers Limited started in 1991,  as a Real estate developer and construction of properties in Bangalore and Pune. The company has till now executed 25 projects out of which 3 are in Bangalore and 22 in Pune. Out of the total 25 projects, 16 are residential complexes, 4 commercial and 2 are IT Parks. All the projects completed cover 4.01 million square feet of saleable area.

Kolte Patil Developers is currently developing 28 projects with an aim of selling 17.80 million square feet. The company has received the Government of Maharashtra’s first prize for “Best IT Infrastructure in the State of Maharashtra ” for its GigaSpace I.T. Park project in Viman Nagar, Pune.

Financials of the company

For the fiscal 2007, Kolte Patil Developers consolidated total income stood at Rs.2,524.43 million and profit after tax at Rs.835.61 million. The Company’s Consolidated total income stood at Rs.889.65 million and profit after tax at Rs.338.76 million for quarter ended June 30, 2007 .

Objectives of the Kolte Patil IPO: To finance acquisition of development rights; finance the construction and development costs for some of the proposed projects; fund expenditure for general corporate purposes.

The Book Running Lead Managers to the IPO are DSP Merrill Lynch Limited and Edelweiss Capital Limited. Registrar to the Kolte Patil Developers IPO is Bigshare Capital Services Private Limited. Post IPO the Equity Shares are proposed to be listed on BSE and NSE.

For more information regarding the Kolte Patil IPO Subscription, Allotment and other details of the Kolte Patil Developers IPO do check this blog regularly.

Mundra Port IPO which opened for subscription yesterday has been oversubscribed in the opening hour itself. At the end of Day 1 Mundra Port and SEZ IPO has been oversubscribed by 7 times.

Analysts have expressed their views, that the Mundra Port and SEZ is the first port based SEZ in India and has no other competitors in its space to operate. The  company is backed by the Adani Group and the finacials of the company looks good.

If we see the Indian IPO Grey Market Premiums  , Mundra Port IPO Grey Market Premium is quoted around Rs 330 on top of the Issue Price, which suggests the Listing of Mundra Port IPO will be around Rs 770. So investors can apply in this IPO for long as well as short term listing gains.

When compared to the recent IPO’s like the Religare and the Barak Valley Cements IPO which have received tremendous response from the investors and lot of money flowing into the Indian IPO’s now because of the volatility in the Indian Stock Markets, Subscription of the Mundra Port IPO is also likely to be very high.

Investors can apply at the cut off price in Mundra Port IPO.

Religare Enterprises IPO  has been rated as IPO Grade 3, by the Credit Rating agency ICRA, which indicates average fundementals of the IPO.

The Grading assigned by ICRA to Religare Enterprises IPO is based on the company’s strong presence in the markets and the brand equity REL enjoys on account of its association with Ranbaxy Group.

ICRA grading takes into account various factors like the company’s suite of product offerings within the financial services sector, the company’s branch network and its growing business volumes.

ICRA IPO Grade is not a certificate of statutory compliance or a view on the issuer’s future stock price or Credit Rating.

Religare Enterprises IPO will hit the markets on October 29, 2007 with 7,576102 equity shares of Rs 10 each with the price band of Rs 160 to Rs 185 per equity share and the Religare issue will close fore subscription on 1st of November.

Most of the investors are in a view of whether to apply for this IPO or not as there are stream of quality IPO’s soon to hit the Indian Stock Markets. According to the analysis done on this IPO by most of the Analysts, everyone have said that Religare Enterprises IPO is quality public issue and investors should apply in this issue.

Market Analysts have said that, Religare is a professionally managed brokerage company and the company is in broking business space for good time. Religare Enterprises operated from 1,217 business locations with its subsidiaries are engaged in a wide range of financial products and services targeted HNI’s and the corporate and institutional clients.

Religare Enterprises issue is very attractively priced and people can subsribe to the issue at the upper band of Rs 185 per share. loo. It is available at a PE Ratio of 13 , which is quite attractive in comparison with its other peers Motilal Oswal at 27-31 PE.

Religare Enterprises IPO Review : So far from the companys previous performance and the analysts views, this IPO can give handsome returns to the short term and medium term investors. So investors can apply to the issue.

Ruling out the wide spread market speculations and rumours about the Reliance Power IPO postponement, ADA Group has issued a statement that the Group has not changed the plans to postpone the Reliance Power IPO and is awaiting SEBI’s approval for its public offering.

Reliance Energy spokesman has said in a statement that there is a “vicious campaign of disinformation underway by vested industrial interests to stall Reliance Power’s IPO”.The campaign is motivated by frustration at continuing success and rising valuations of ADA Group,” he said.

Currently the company is waiting for the approval from SEBI for which it has filed its DRHP in the first week of October. Sources believe that Reliance Power is planning to launch pre-marketing campaign for its IPO from next week and the Reliance Power IPO Issue date would be around the last week of November or in the first week of December.

Reliance Power IPO will offer up to 30 percent of the shares to Retail Investors, with a further 10 percent going to high net worth individuals. Institutional investors will be offered 60 percent of the shares.

For more information regarding the Reliance Power IPO, Issue Date,Prospectus. do check our blog regularly. Reliance Power IPO would be the most rewarding IPO for the Indian Investors.

Financial Services Company, Religare Enterprises is all set to tap the equity markets with its initial public offering (IPO) of 7,576102 equity shares at Rs 10 each. The issue will constitute 10% of the fully diluted post issue capital of the company.

Religare Enterprises IPO will open for subscription on October 29,2007 and the IPO will close for Subscription on November 1,2007. The price band of REL IPO has been fixed between Rs 160 at the lower end and Rs 185 at the higher end per equity share. The issue has been assigned IPO Grade 3 out of 5 by the ICRA.

Out of the total 75 lac equity shares under offer, at least 60% of the Issue will be allocated to qualified institutional bidders (QIBs) , of which 5% will be available to mutual funds. 30% will be available to the Retail Investors and the other 10% will be available to the Institutional Buyers.

About Religare Enterprises Limited

Religare Enterprises Limited is promoted by the Ranbaxy Laboratories.The company has six regional offices and 40 sub-regional offices across 392 cities and towns controlling 1,217 business locations all over India as well as a representative office in London.

Religare Enterprises is a holding company of 11 subsidiaries which offers a wide range of services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.

Financials of the Company

REL’s consolidated total income increased from Rs 311.27 million in fiscal 2006 to Rs 3,201.18 million in fiscal 2007. Its net profit increased from Rs 106.20 million in fiscal 2006 to Rs 250.21 million in fiscal 2007. It posted a consolidated Total Income of Rs 3,079.64 million and a net profit of Rs 367.26 million during the first half of fiscal 2008.

Pre-IPO Placement in REL
Religare Enterprises Limited will issue an allot around 38 lakh equity shares which would represent 5.56% ownership of the paid up capital of the company worth Rs 606 million to Indopark Holding Limited.

Objectives of the REL IPO
Expans Domestic Operations and Network Branches.
Fund Retail Finance Business
Expand Financing Activity
Enhance the visibility and to acheive the Benefits of Listing.

The Book Running Lead Managers to the Religare Enterprises Limited IPO are Enam Securities Private Limited and Citigroup Global Markets India Private Limited. Registrar for the IPO is Karvy Computershire Private Limited.

Post IPO the equity shares of the company are proposed to be listed on NSE and BSE stock exchanges.

Religare Enterprises Limited (REL) IPO Prospectus

For more information regarding the Religare Enterprises IPO subscription details, Allotment and other details do check this blog regularly.