14 Jul 07 Simplex Projects IPO Subscription Details : Simplex IPO Oversubscribed by 85.5 times

The Simplex Projects IPO was another IPO which benefited from the IPO mania. Almost all IPO’s are getting oversubscribed by more than 50 times, these days. If you run a pvt ltd company, this seems to be the best time to take it public. The Simplex Projects IPO has been subscribed by about 85.5 times (oversubscribed 84.5 times). The retail investor category in the Simplex Projects IPO got subscribed by about 50 times (oversubscribed by 48.26 times). Institutional investor category in the Simplex Projects IPO has been subscribed by 90.5 times (oversubscribed 89.5 times) and the High Networth Individual category has been subscribed close to a whooping 154 times (oversubscription ratio : 152.8 times). Hence all categories of investors who applied in the Simplex Projects IPO will get allotment only through the lottery system. No matter how many shares applied for or under what category applied for, firm allotment won’t be made. Though those lucky enough to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Simplex Projects Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Simplex Projects Limited is likely to be somewhere in the first week of August. Simplex Projects Limited will list both on the NSE and the BSE. Investors who have invested in the Simplex Projects IPO can expect to receive the IPO refund in the first week of August through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Simplex Projects IPO and the details for checking the allotment status online will be posted here as soon as they are available. Good luck to all those who applied in the Simplex IPO.

11 Jul 07 Everonn IPO subscription Details : Huge Listing Gains, Low Allotment

The Everonn Systems IPO closed for subscription today. The Everonn IPO was subscribed by a whooping 131.5 times. I have never seen an IPO getting oversubscribed by so many times ever in the past 5-6 years. The investment bankers managing the Everonn IPO issue seem to have made a huge mistake in valuation. The Everonn IPO was very under-priced and hence it got lapped up by all categories of investors. I’m glad I didn’t apply in the Everonn IPO, as there is only a very very remote chance of getting allotment. Those lucky enough to get allotment would laugh all the way to the bank when Everonn systems lists on the stock markets.

The retail investor category in the Everonn IPO got subscribed by about 124 times (oversubscribed by about 123 times). Hence all investors who applied in the Everonn Systems IPO will get allotment only through the lottery system. No matter how many shares applied for, firm allotment won’t be made Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Institutional investor category in the Everonn Systems IPO has been subscribed by 93 times (oversubscribed 92 times) and the High Networth Individual category has been subscribed close to a whooping 278 times (oversubscription ratio : 276 times). Overall, the Everonn Systems IPO has been subscribed by 131.5 times (oversubscribed 130.5 times).

Everonn Systems India Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Everonn Systems India Limited is likely to be somewhere in the end of July. Everonn Systems India Limited will list both on the NSE and the BSE. Investors who have invested in the Everonn Systems India IPO can expect to receive the IPO refund in the final week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Everonn Systems IPO and the details for checking the allotment status online will be posted here as soon as they are available. Good luck to all those who applied in the Everonn IPO.

07 Jul 07 Allied Digital Services IPO Subscription details : Huge Listing Gains likely for those lucky to get allotment

The subscription for the Allied Digital Services IPO has ended. Allied Digital Services IPO has performed extremely well. Overall, the Allied Digital Services IPO has been subscribed by 61 times (oversubscribed 60 times). Retail category has been subscribed by more than 38 times (oversubscribed by 37 times). Hence all investors who applied in the Allied Digital Services IPO will get allotment only through the lottery system. No matter how many shares applied for, firm allotment won’t be made. I applied in the Allied Digital Services IPO hoping for listing gains. But looking at the subscription data I have lost hope of getting any allotment. Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Institutional investor category in the Allied Digital Services IPO has been subscribed by 74 times (oversubscribed 73 times) and the High Networth Individual category has been subscribed by 88.7 times (oversubscription ratio : 87.7 times)

Allied Digital Services Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Allied Digital Services Limited is likely to be somewhere in the end of July. Allied Digital Services Limited will list both on the NSE and the BSE. Investors who have invested in the Allied Digital Services IPO can expect to receive the IPO refund in the final week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Allied Digital Services IPO and the details for checking the allotment status online will be posted here as soon as they are available. Good luck to all those who applied in the Allied Digital Services IPO.

04 Jul 07 HDIL IPO Subscription Details

The subscription for HDIL IPO has ended. The HDIL IPO has performed pretty well. HDIL IPO has been subscribed by 6.6 times (oversubscribed 5.6 times). Retail category has been subscribed by only 1.59 times (oversubscribed by 0.59 times). Hence all retail investors who have applied for 28 shares or more in the HDIL IPO will receive firm allotment.  Institutional investor category in the HDIL IPO has been subscribed by over 10.13 times (oversubscribed 9.13 times) and the High Networth Individual category has been subscribed by 1.78 times (oversubscription ratio : 0.78 times).

I feel HDIL IPO will have a pretty decent listing and will provide moderate listing gains for those who have applied in the HDIL IPO. The listing date of  HDIL is likely to be somewhere in the fourth week of July. HDIL will list both on the NSE and the BSE. Investors who have invested in the HDIL IPO can expect to receive the IPO refund in the third week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of HDIL IPO and the details for checking the allotment status online will be posted here as soon as they are available.

04 Jul 07 BEML FPO Subscription Details

The subscription for BEML FPO has ended. BEML FPO has performed extremely well. The BEML FPO has been subscribed by about 30.65 times (oversubscribed 29.65 times). The good thing about the BEML FPO is that retail category has only been subscribed by about 3.19 times (oversubscribed by 2.19 times). This means retail investors will get a decent allotment and since the FII category is heavily oversubscribed (oversubscription ratio : 62.33 times), the BEML stock price in the secondary market has already received a boost and is likely to remain strong in the coming days. All retail investors who applied in the BEML FPO for a quantity of over 15 shares will get firm allotment.

I feel BEML FPO will provide good listing gains for those who invested in the FPO.  BEML shares are already listed both on the NSE and the BSE and hence investors looking for listing gains can sell as soon as they get allotment. Investors who are risk averse and who feel that the price of BEML shares are likely to fall in the coming days can book their gains right now by using the arbitrage strategy which was described in a detailed manner in the ICICI Bank FPO post. However please be informed that the arbitrage strategy involves substantial capital requirements. Further, the transaction costs involved and the additional capital infused will dilute your overall ROI. Investors who have invested in the BEML FPO can expect to receive the FPO refund in the fourth week of July through ECS. Allotment is likely to be made on the third week of july. The allotment status of BEML FPO and the details for checking the allotment status online will be posted here as soon as they are available.

27 Jun 07 Spice Communications IPO Subscription Details – Listing Gains likely

The subscription for Spice Communications IPO has ended. Spice Communications IPO has performed extremely well. The Spice Communications IPO has been subscribed by about 37.5  times (oversubscribed 36.5 times). Retail category has been subscribed by about 4 times (oversubscribed by about 3 times). Kindly note that the IPO subscription details of Spice Communications IPO are of 5 PM today. I feel Spice Communications Limited will have an excellent listing and will provide good listing gains for those who recieve allotment. Allotment for retail will be high since the retail portion is not heavily oversubscribed. The listing date of Spice Communications Limited is likely to be somewhere in the third week of July. Spice Communications Limited will list only on the BSE since its a negative netwroth company. Investors who have invested in the Spice Communications IPO can expect to receive the IPO refund in the first week of July through ECS (in select cities). Allotment is likely to be made a few days before the listing date. The allotment status of Spice Communications IPO and the details for checking the allotment status online will be posted here as soon as they are available.

22 Jun 07 Ankit Metal and Power Limited IPO Subscription Details : IPO Oversubscribed

Ankit Metal & Power Ltd IPO closed for subscription today. The Ankit metal IPO oversubscribed in the last few hours of subscription. The final subscription stats are not very encouraging and I feel Ankit metal and power limited is on for a bad listing. Retail investor category in the Ankit Metal & Power ltd IPO has been subscribed by about 2.43 times (oversubscribed by about 1.43 times). The high networth individual category in the Ankit Metal & Power ltd IPO has been subscribed by about 3.8 times (oversubscription ratio : 2.8 times). The institutional investor category remained undersubscribed receiving a subscription of a little less than 0.72 times the IPO issue size (undersubscribed by about 0.28 times). Overall, the Ankit Metal IPO has been subscribed 1.58 times (oversubscribed .58 times). Personally, I feel Ankit Metal & Power Limited will have a poor listing and might provide listing losses. The listing date of Ankit Metal & Power Limited is likely to be somewhere in the third week of July. Ankit Metal & Power Limited will list both on the NSE and the BSE. Investors who have invested in the Ankit Metal IPO can expect to receive the IPO refund in the second week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Ankit Metal IPO and the details for checking the allotment status online will be posted here as soon as they are available.

19 Jun 07 Roman Tarmat IPO Subscription Details : IPO Oversubscribed : Huge Listing gains likely on listing date

The subscription for Roman Tarmat Limited IPO has ended. Roman Tarmat IPO has performed extremely well. The Roman Tarmat IPO has been subscribed by 29.67 times (oversubscribed 28.67 times). Retail category has been subscribed by about 22 times (oversubscribed by about 21 times). Hence allotment will be made using lottery system to all categories of investors (except employee category which is undersubscribed). No matter how many shares one has applied for in the Roman Tarmat IPO, firm allotment won’t be made. However, those who applied for the maximum number of shares that can be applied for, in the retail category, have good chances of getting allotment because out of every 3 applications, 2 will receive allotment. Those lucky to get allotment can expect huge listing gains. Institutional investor category in the Roman Tarmat IPO has been subscribed by 27.50 times (oversubscribed 26.50 times) and the High Networth Individual category has been subscribed by a whooping 62 times (oversubscribed 61 times)

In the recent past, small IPO’s like Nitin Fire IPO, Time Technoplast IPO, Vishal Retail IPO and now Roman Tarmat IPO from fundamentally strong companies, priced at reasonable valuations, have done extremely well. I feel Roman Tarmat Limited will have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Roman Tarmat Limited is likely to be somewhere in the second week of July. Roman Tarmat Limited will list both on the NSE and the BSE. Investors who have invested in the Roman Tarmat IPO can expect to receive the IPO refund in the first week of July through ECS (in select cities). Allotment is likely to be made a few days before the listing date. The allotment status of Roman Tarmat IPO and the details for checking the allotment status online will be posted here as soon as they are available.

15 Jun 07 DLF IPO subscription/ oversubscription status and allotment details

The subscription for the much hyped mega DLF IPO has ended. DLF IPO has performed decently but below market expectations. DLF IPO has been subscribed by 3.47 times (oversubscribed 2.47 times). Retail category has been subscribed by 0.975 times (undersubscribed by 0.025 times). Hence retail investors in the DLF IPO will receive full allotment. Investors who used the part payment option to apply in the DLF IPO might face a problem. These investors will be alloted partly paid shares of DLF on the allotment date. Investors won’t be able to sell the partly paid shares on the listing date. After getting allotment, they will have to pay the remaining money and then convert the partly paid shares to fully paid shares. This process might take more than 1 week considering the size of the DLF IPO. Considering the fact that the time between knowing the allotment status and listing date of an IPO is very small, these investors would not be able to sell the DLF shares that they have been alloted on the listing day of DLF. If DLF share prices tank after listing then losses might be huge since full allotment will be made and investors won’t be able to limit losses by booking losses on the listing date. So, it might be a double whammy for small investors who used the part payment option. Institutional investor category in the DLF IPO has been subscribed by 5.13 times (oversubscribed 4.13 times) and the High Networth Individual category has been subscribed by 1.14 times (oversubscription ratio : 0.14 times). High Networth Individuals might get close to full allotment since the unsubscribed portion in the retail and employee categories will be added to HNI category.

I feel DLF Universal Limited will have a decent listing and might provide investors with some listing gains if the IPO issue price is fixed at the lower price band of Rs 500. I recommend selling on listing since peer group companies especially Unitech is available at a much lower valuation. The listing date of  DLF is likely to be somewhere in the second week of July. DLF will list both on the NSE and the BSE and will be admitted into futures and options trading on listing. Investors who have invested in the DLF IPO can expect to receive the IPO refund in the first week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of DLF IPO and the details for checking the allotment status online will be posted here as soon as they are available.

DLF IPO Price : DLF has fixed the issue price for the IPO. The DLF IPO Issue price is Rs. 525. DLF seems to have chosen to play it safe by fixing the IPO issue price exactly in between the higher end and lower end of its IPO price band. This means investors might get some listing gains since Institutional investors were willing to buy at the higher price band. The institutional investor category has been subscribed by over 4 times at the higher end of the price band and by over 5 times at the lower end of the price band.

13 Jun 07 Vishal Retail IPO Subscription Details : Vishal Retail allotment status and listing

The subscription for Vishal Retail IPO has ended. Vishal Retail IPO has performed extremely well and has literally stolen the show from the much hyped DLF IPO. Vishal Retail IPO has been subscribed by a whooping 65 times (oversubscribed 64 times). Retail category has been subscribed by more than 50 times (oversubscribed by 49.4 times). Hence only 2 out of 7 applicants who applied for 350 shares of vishal retail limited will receive allotment. Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. All investors who applied in the Vishal Retail IPO will get allotment only by lottery system. No matter how many shares applied for, firm allotment won’t be made. Institutional investor category in the Vishal Retail IPO has been subscribed by 45.55 times (oversubscribed 44.55 times) and the High Networth Individual category has been subscribed by a whooping 311 times (yes, you read it right, it is indeed 311 times!)

I feel Vishal Retail Limited will have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of  Vishal Retail Limited is likely to be somewhere in the first week of July. Vishal Retail Limited will list both on the NSE and the BSE. Investors who have invested in the Vishal Retail IPO can expect to receive the IPO refund in the fourth week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Vishal Retail IPO and the details for checking the allotment status online will be posted here as soon as they are available.

12 Jun 07 Vishal Retail IPO : Apply at cut off

Vishal Retail IPO is doing extremely well both in terms of grey market premium as well as subscription received so far. Vishal Retail IPO will close for subscription tomorrow. It has been oversubscribed today itself. Vishal retail IPO subscription details as of today are given below

Institutional investor category – 1.08
High networth individual category – 0. 39 (undersubscribed)
Retail investor category – 2.60

Overall, the Vishal Retail IPO has been subscribed by about 1.40 times (oversubscribed by .40 times). I will be applying for this IPO tomorrow through cheque. However, if the IPO fails to get oversubscribed by 5 times in the institutional category or if the retail category gets oversubscribed by more than 30 times, I will be giving a stop payment.

The lead manager for Vishal Retail IPO is Enam and the registrar is Intime Spectrum Registry Ltd. For updates on the final subscription details of Vishal Retail IPO and to know the allotment status, refund details and listing date of Vishal Retail IPO, do check this blog regularly.

Update : The 1 PM subscription figures of Vishal Retail IPO look very attractive. Forget DLF IPO and apply aggressively in the Vishal Retail IPO for excellent Listing gains.

08 Jun 07 Nelcast IPO Subscription Details : IPO Issue Oversubscribed

The subscription for Nelcast IPO ended today. The Nelcast IPO has done pretty well. Retail investor category in the Nelcast IPO has been subscribed by 4.6 times (oversubscribed by about 3.6 times). Hence investors who applied in the Nelcast Limited IPO for maximum shares allowed under the retail investor category will get firm allotment. The high networth individual category in the Nelcast IPO has been undersubscribed by about 0.07 times (subscribed 0.97 times). Hence those investors who applied in this category would get full allotment. The IPO system hasn’t yet fully evolved in India. Though Indians make softwares for NASA, NASDAQ and other prestigious international organisations, we still don’t have a basic software to view the IPO subscription status on a real-time basis. If investors knew that this category was undersubscribed then I’m sure many investors would have applied for the Nelcast IPO under the institutional investor category and not through the retail investor category. Nelcast IPO has received good response from the institutional investors. The institutional investor category in the Nelcast IPO has received a subscription of 11.2 times the IPO issue size (oversubscribed by about 10.2 times). Overall, the Nelcast Limited IPO has been subscribed 7.36 times (oversubscription ratio : 6.36 times).

Personally, I feel Nelcast IPO will provide decent listing gains on the day of listing. The listing date of Nelcast Limited is likely to be somewhere in the first week of July. Nelcast Limited will list both on the NSE and the BSE. Investors who have invested in the Nelcast Limited IPO can expect to receive the IPO refund in the fourth week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Nelcast IPO and the details for checking the allotment status online will be posted here as soon as they are available.

08 Jun 07 Roman Tarmat Limited IPO

Roman Tarmat Limited is all set to tap the capital markets with an IPO opening on 12 June 2007. Roman Tarmat Limited is a leading Mumbai based runway and highway construction company. The main strength of Roman Tarmat Limited is its management. The top level management of Roman Tarmat Limited have vast experience in the construction industry. Roman Tarmat Limited also has an excellent client base and a huge oustanding order book. This gives good earnings visibility for Roman Tarmat Limited. The Roman Tarmat IPO opens for subscription on Tuesday, 12 June 2007 and closes for subscription on 19 June 2007. Roman Tarmat Limited has priced its IPO between Rs. 150 and Rs. 175 and the IPO lot size is 25 shares. The Issue size of Roman Tarmat IPO is about 50 crores. To put things into perspective, the issue size of DLF IPO which opens for subscription on the same week as Roman Tarmat IPO, is about 190 times that of Roman Tarmat IPO. Roman Tarmat Limited has a track record of profitability for the past 15 years and this makes the Roman Tarmat IPO very attractive. The proceeds from the IPO will be used by Roman Tarmat Limited to acquire capital equipment such as hydraulic excavator, soil compactor, motor grader and tipper for construction of runways and highways. Post IPO, the shares of Roman Tarmat Limited will be listed on the stock exchange, Mumbai (BSE) and National stock exchange (NSE). The lead managers for Roman Tarmat IPO are Allianz Securities Ltd. and Darashaw & Co Pvt. Ltd. The registrar for the Roman Tarmat IPO is Bigshare Services Pvt Ltd. For updates on the subscription / oversubscription ratio of Roman Tarmat IPO and to know the allotment status, refund details and listing date of Roman Tarmat IPO, do check this blog regularly.

Roman Tarmat Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Roman Tarmat Limited IPO Issue.

07 Jun 07 Meghmani Organics Limited IPO Subscription Details : IPO Issue Oversubscribed

The subscription for Meghmani Organics IPO has ended today. The Meghmani Organics IPO has done very well. Retail investor category has been subscribed by about 26 times (oversubscribed by about 25 times). Hence all investors who applied in the Meghmani Organics IPO will get allotment by lottery system. No matter how many shares you applied, you will not get firm allotment. The high networth individual category in the Meghmani Organics IPO has been subscribed by about 45 times (oversubscription ratio : 43.75 times). The institutional investor category has received a subscription of a little less than 19.5 times the IPO issue size (oversubscribed by about 18.5 times). Overall, the Meghmani Organics IPO has been subscribed 24 times (oversubscribed 23 times).

Personally, I feel Meghmani Organics Limited will have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Meghmani Organics Limited is likely to be somewhere in the last week of June. Meghmani Organics Limited will list both on the NSE and the BSE. Investors who have invested in the Meghmani Organics Limited IPO can expect to receive the IPO refund in the fourth week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Meghmani Organics IPO and the details for checking the allotment status online will be posted here as soon as they are available.

Listing Date : Meghmani Organics will list on Thursday, 28 June 2007 

29 May 07 Decolight Ceramics IPO subscription / oversubscription details – IPO Oversubscribed

The Decolight Ceramics IPO closed for subscription today. Decolight Ceramics IPO, which received poor response from investors in the first few days, was finally oversubscribed on the final day. However the IPO subscription figures are not very impressive. The institutional investor category in the Decolight Ceramics IPO was undersubscribed. It was subscribed less than 0.26 times. The subscription in this category was higher till evening indicating the fact that some institututional investors have withdrwan their applications in the final hour. The high networth individual category in the Decolight Ceramics IPO has been subscribed 2.08 times (oversubscribed 1.08 times). The retail investor category has been subscribed 3.10 times (oversubscribed 2.10 times). Overall, Decolight Ceramics IPO has been subscribed 1.53 times (oversubscription ratio - 0.53 times)

Personally, I feel Decolight Ceramics will have a bad listing and may list at a discount. The listing date of Decolight Ceramics Limited is likely to be somewhere in the third week of June. Decolight Ceramics will list both on the NSE and the BSE. Investors who have invested in the Decolight Ceramics IPO can expect the IPO refund in the third week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Decolight Ceramics IPO and the details for checking the allotment status online will be posted here as soon as they are available.

Listing Date : Decolight Ceramics Limited will list in the stock markets on Monday 18 june 2007. The Decolight ceramics IPO issue price was Rs. 54. Lets see at what premium Decolight lists to its issue price. The IPO refund has already been sent by ECS.