April 7th, 2008 — IPO, IPO Listing Date
Indore-based agro-company Sita Shree Food Products on Monday got listed at Rs 35 at the National Stock Exchange (NSE) with a premium of 16.66% compared to its issue price of Rs 30.
Within minutes of listing the scrip touched a high of Rs 43.40 and a low of Rs 33.95. Over 5 million shares exchanged hands at the NSE.
On the Bombay Stock Exchange (BSE) the company got listed at Rs 30 and hit a high of Rs 44.40. Here over 9.27 million shares were traded.
The scrip was last trading at Rs 42.90, up Rs 12.90, or 43% on BSE and at Rs 40.95 on NSE at 10:06 a.m.
April 7th, 2008 — Record Date, Rights Issue
United Breweries  Rights Issue price has been fixed and announced by the company today to the exchanges. United Breweries earlier announced that the company will issue Rights Shares in the ratio of 1:9 (1 Rights share for 9 equity shares held) at the rate of Rs. 177 per equity share. United Breweries Rights issue Record Date has been fixed as April 21st , 2008. United Breweries is currently trading at Rs 189.15 on the BSE which indicates that the investors can buy the shares in the general market as there is no much difference in the rights  price and the secondary market price.
March 28th, 2008 — Allotment Status, IPO
Gammon Infrastructure Projects IPO Allotment is ready to check for the investors. Gammon Infra IPO was overall oversubscribed by 3.48 times and on the retail side by1.0856 times .
Click here for Gammon Infra IPO Allotment .
March 27th, 2008 — IPO, IPO Subscription
Titagarh Wagons IPO Subscription closed today, overall the issue has received very decent response from the investors with the issue getting subscribed by 6.75 times.
Final Subscription Figures of Titagarh Wagons IPO
Qualified Institutional Buyers (QIBs) quota : 10.37 times.
Non Institutional category oversubscribed : 2.77 times
Retail Individual Investors (RIIs) category : 0.98 times and
Employees category : 0.07 times.
March 19th, 2008 — Stock Split
Shree Renuka Sugars Stock Split Record Date has been fixed as Apr. 21, 2008. In an announcement made to the stock exchanges the company has informed that the members have fixed 21st April, 2008 as the record date for the purpose of sub-division of the equity shares of Rs 10 each into equity shares of Re 1 each.
Shree Renuka Sugars has registered a 3.48 times growth in net profit to Rs 272.00 million for the quarter ended December 2007 as compared with Rs 78.00 million for the corresponding quarter last year. Shares of the company closed down Rs 9.3, or 0.94%, to settle at Rs 980.5.
March 19th, 2008 — IPO
UTI MF IPO has been assigned IPO Grade 4/5 by the leading credit rating agency CRISIL which indicates above average fundamentals. UTI Asset Managagement Company - UTI AMC IPO is expected in the coming months as the company is awaiting necessary approvals from the Securities Exchange Board of India.
The grading reflects UTI AMC’s position as one of the leading players in the mutual funds industry. The company has a higher proportion of retail and equity assets under management (AUM) as compared to other players by virtue of its strong retail distribution channel and brand recognition. The retail base helps UTI AMC to better manage the churn of assets, while the higher proportion of equity provides higher recurring management fees as compared to debt funds.
The grading reflects CRISIL’s expectation that the management will be able to harness these strengths to mobilise mutual fund assets and register growth to substitute the expected decline in income from the Specified Undertaking of Unit Trust of India. CRISIL also expects that in spite of being a specialised asset management company; UTI AMC will be able to effectively compete with universal service providers like the ICICI group, the HDFC group and the Reliance (ADAG) group.
March 19th, 2008 — IPO
SEBI - Securities Exchange Board of India has sought clarifications on proposed new public offers of more than 20 companies, including the likes o Mahindra Holidays, Oil India IPO, Anil Ambani groups telecom tower business arm Reliance Infratel and leading commodity bourse MCX. Besides, at least 21 other IPOs are currently awaiting the clearance from Securities and Exchange Board of India, which includes 15 offers whose bankers have replied with clarifications sought from them.
According to the latest processing status as on March 14 of draft offer documents filed with SEBI, clarifications are currently awaited from lead managers in relation to 20 IPOs. Out of these firms, the notice has been issued over the MCX IPO recently, while the clarifications are awaited on IPOs like Reliance Infratel, Oil India Ltd, Mahindra Holidays & Resorts (MHRIL) and National Hydroelectric Power Corporation (NHPC) for more than at least two weeks. Other such IPOs include Jaiprakash Power Ventures, PNC Infratech, Pipavav Shipyard and Sea TV Network.
As per the existing guidelines, SEBI may issue its observations, which are necessary for the IPOs to proceed, on a draft offer document filed with it within 30 days from the date of receipt. However, it may seek any additional information or clarification in relation to the draft offer documents from the merchant bankers and issue its observations within 15 days from the date of receipt of satisfactory reply.
These IPOs include Cox and Kings (India), JSW Energy, Nu Tek India, Khadim India and RNS Infrastructure. In addition, the offer documents for IPOs of five other companies are also currently under process for the SEBI observations. These include Kishore Biyani group`s Future Ventures, Fineotex Chemical, Vishal Information Technologies, 20 Microns and ARSS Infrastructure Projects.