Entries Tagged 'IPO Reviews' ↓

NHPC IPO Subscription which starts on August 7th 2009 with a price band of Rs 30 to 36 per share has generated good responses from the Analysts. NHPC IPO Review carried by the Analyst firms and brokerage companies have recommended to subscribe to the IPO. Below is what majority of the Analysts firms have to say about NHPC IPO Review.

SMC Global’s report on NHPC IPO : The healthy track record of power generation from operational projects arising out of favourable hydrology of the rivers on which these projects are located as well as the high Capacity Index of its operational plants enables NHPC to recover full Annual Fixed Charges (AFC). NHPC owing to its project locations has a highly concentrated customer profile, which largely includes North and North-East based State Electricity Utilities (SEUs). While these SEUs have relatively weak financial profiles, however NHPC has been able to realise 100% of its billings in last 6 years. The company will be a significant player in Hydro Power and would be PSU like NTPC in this sector. Going by the financials, the stock is trading at a P/BV of Rs.2 for its book value of Rs.16.45 for FY09, which is lower when compared with the peers. Further, looking at the fundamentals and track record, it is recommended to apply in IPO even at the upper band of Rs.36.

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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.

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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.

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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.

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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.

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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.

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