Entries Tagged 'Nse India' ↓

Mahindra Holidays and Resorts IPO is expected soon and the company has recently filed its DRHP with SEBI. The company is fully owned subsidary of Mahindra & Mahindra and the leading operator in the Holidays and Resorts segment. Mahindra Holidays and Resorts IPO would enable them to expand agressively to major Holiday spots in Indian and abroad, the issue size is not yet known but sources close to group have stated that the Mahindra Holidays IPO is expected around First quarter of 2008. Updates, Analysis and Review of the Mahindra Holidays and Resorts IPO will be carried out over here soon, visit us regularly.

Well awaited Mundra Port IPO Listed today on the Indian stock markets with very high premium as expected by the market analysts. The stock opened at Rs. 770 in the initial trades and moved up to hit an intra-day high of Rs. 1150 to close at Rs. 961.70 up 119 per cent from the issue price of 440. Investors who have received the allotment should be very happy on the Mundra IPO listing. Analysts are in a view that the stock is a quality pick and investors can remain invested in the stock for medium to long term.

Following are the latest Grey Market Premiums of the Indian IPO’s as on 17th November 2007.

Religare Enterprises IPO Grey Price : Rs 350

Mundra Port & SEZ IPO Grey Market Premium : Rs 530 to 540

Empee Distilleries IPO Grey Market Premium : 40 to 45

Edelweiss IPO Grey Market Premium : 825 to 850

Varun Industires IPO Grey Market Premium : Rs 55

Barak Valley Cement IPO Grey Market Premium : Rs 25 to Rs 27

Upcoming IPOs

Reliance Power IPO Grey Market Price : Rs 50 to 51.

Renaissance Jewellery IPO Grey Premium : Rs 35 to 40

Kolte Patil IPO Grey Market Premium : Rs 135

Kaushalya Infra IPO Grey Market Premium : Rs 10

Jyothi Laboratories IPO Grey Market Premium : Rs 400 to Rs 420

Religare Enterprises has fixed the issue price at Rs 185 (upper end of the price band) for its initial public offering (IPO).

The company came out with an IPO of 7,576,102 equity shares for cash at a price band of Rs 160 to Rs 185 a share. The Issue opened on Oct. 29, 2007 and closed on Nov. 1, 2007.

Overall the issue was subscribed around 160.56 times.The qualified institutional bidders (QIBs) portion was subscribed around 185 times; the non-institutional bidder portion was subscribed around 215.4 times; and the retail bidder portion was subscribed around 93.5 times.

Religare IPO Allotment is expected to be very tough for the investors as the IPO is heavily subscribed, Market views are that investors who have applied under the maximum lot of shares that is 1 lakh can expect firm allotment.

Leading Financial services company,Edelweiss Capital, is entering the capital market with its initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash, at a price to be decided through a 100% book building process.

Edelweiss Capital IPO will open for subscription from November 15, 2007. The price band of the Edelweiss IPO has been fixed at Rs 725 on the lower end and Rs 825 at the higher end of the issue. The face value of the equity shares offered under the IPO is Rs 5.

Edelweiss Capital IPO Details : The public issue will offer 8,386,147 shares of Rs 5 each and out of the total equity shares under offer, a reservation of 204,540 equity shares of Rs 5 each will be issued to the eligible employees of the company. So the Net issue offered to the Public is 8,181,607 equity shares of Rs 5 each.The net issue of Edelweiss Capital IPO would constitute 10.92% of the post Issue paid-up capital of the company.

Subscription of Edelweiss Capital IPO closes on 20th November 2007 and the equity shares offered through this IPO are proposed to list on BSE and NSE.

Qualified Institutional Investors Portion is at least 60% or 4,908,965 Equity Shares and Non Institutional Portion is Up to 818,160 Equity Shares. Retail Investors Category will be allotted Up to 2,454,482 or 30%, Equity Shares out of the total issue size of the Edelweiss Capital IPO.

Edelweiss Capital IPO Grading  : The issue has been graded by CRISIL and is assigned the CRISIL IPO Grade 4/5, indicating that the fundamentals of the Issue are above average.

Review and Analysis of Edelweiss Capital IPO :

About Edelweiss Capital Limited : 

Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.

Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.

In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.

Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for,  enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.
 
BRLM’s to the IPO
The book running lead managers to the Edelweiss IPO are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited and Lehman Brothers Securities Private Limited.

Registrar for the Edelweiss Capital IPO is Intime Spectrum Registry Limited and Post IPO the shares are  to be listed on Bombay Stock Exchange and National Stock Exchange.

Based on the excellent Financials of the company, CRISIL IPO Rating investors can apply for Edelweiss Capital IPO.

For further updates and information regarding Edelweiss IPO Subscription details and allotment status keep visiting www.bsensedaily.com regularly.

Idea Cellular Limited and Cairn’s India will trade in Nifty from December 12, 2007.

Both the stocks are trading in the Junior Nifty and from 12th December they will be trading in the Nifty.

Idea Cellular and Cairn India will l replace MTNL and HPCL in Nifty.

ONGC Petro additions Limited is the special purpose vehcile created for the Rs 13,500 crore petrochemical complex at Dahej, and for this division the Oil and Natural Gas Corporation is planning to raise funds through an Initial Public offer (IPO). The size and offer details of the ONGC Petro IPO are not known for now.

Chairman and Managing Director, RS Sharma speaking to the press said that OPAL IPO will hit the markets after we finalise the other equity partners to the project. Mr Sharma has also expressed that the company is not in a rush to go for the OPAL IPO and the issue could be in the first half of next year.

OPAL stake is  held jointly by ONGC and Gujarat State Petroleum Corporation, ONGC hold around 26 per cent in the company while the former holds 5 per cent stake as a joint venture partner in the ONGC Petro.

ONGC Petro Additions Limited is scheduled to finish the Dahej global-scale petrochemical plant by 2010, the plant will have a 1.1 million tonnes per annum of ethylene capacity dual feed cracker, along with associated units and polymer plants.