24 May 08 Godrej Properties IPO
Godrej Properties IPO is likely to open for subscription in June 2008. Ahead of the IPO, the company is in the midst of a heavy brand building exercise. Godrej Properties has signed up as a sponsor for the IPL in order to build its brand ahead of the 600 crore IPO next month. Godrej Properties will use the proceeds from the IPO to fund its expansion plans and is likely to enter the lucrative Chennai, Goa, Kochi and NCR markets. Godrej Properties IPO subscription date and the price band for the IPO will be updated here as soon as the same has been announced by the company.
23 May 08 MCX IPO gets CRISIL IPO Grade 5
MCX IPO which is likely to open in June 2008 has received a CRISIL IPO grade of 5. CRISIL IPO grade 5 is the highest grading an IPO can get from CRISIL, which is one of the 4 credit rating agencies in India permitted to grade IPO’s. MCX IPO is the first commodity exchange to go public and has hence generated lot of public interest in the IPO. MCX is likely to open along with another mega IPO – the reliance infratel IPO. The performance of both these public issues will indicate the future perfomance of primary market in India. If these two IPO’s perform well, many other companies will go ahead with their proposed IPO plans which will then have a cascading effect and help revive the sentiments in the market.
21 May 08 Gokul Refoils IPO Allotment Details
Gokul Refoils IPO which closed for subscription last week witnessed good subscription interest from all classes of investors. Strangely, retail investors seem to be much more bullish as far as IPO’s are concerned when compared to institutional investors. This is evident from the fact that the retail investors category in the Gokul Refoils IPO was oversubscribed by over 5.5 times as opposed to the QIB category which failed to make it past 2.75 times. It looks like even after the shock that reliance power ipo provided, retail investors are still bullish on IPO’s as an alternate investment class.
18 May 08 BAFNA Pharma IPO Subscription Date
Bafna Pharmaceuticals IPO is scheduled to open for subscription on May 27, 2008. It is a fixed price IPO. IPO price has been fixed at Rs. 40 per share of face value Rs. 10 each. The public issue opens for subscription on Tuesday, May 27, 2008 and will close for subscription on May 30, 2008. Since its a fixed price issue, the listing date will be only in the first week of July. Looking at the volatile markets, it seems to be a risk proposition to wait for such a long time before getting an opportunity to exit the position. However at Rs. 40 per share, the valuations look extremely attractive. Investors with an appetite for risk can apply in this IPO for decent gains on listing.
16 May 08 REL Infratel IPO gets SEBI’s nod
REL Infratel IPO has received SEBI’s approval. The draft red herring prospectus which was with SEBI has been approved last week paving the way for the mega 6000 crore REL Infratel IPO. REL Infratel is a subsidiary of the Indian telecom giant Reliance Communications and its IPO has been a much anticipated one by all classes of investors investing in the Indian stock markets. The performance of REL Infratel IPO will have a bearing on the sentiment of the Indian IPO market and will decide the future of IPO’s which have been placed on hold due to the negative sentiments in the IPO market after the failure of the Reliance Power IPO, which has been the largest IPO in India.
13 May 08 Anu Labs IPO – Apply for listing gains
Investors looking for short term investing opportunities can consider investing in Anu Labs IPO for listing gains. Though the stock markets are very volatile, Anu’s lab IPO is likely to reward investors with decent listing gains since the pricing valuations of the IPO has been extremely attractively. The institutional investors category has also seen good response, suggesting the fundamentals of Anu’s Laboratories is good. Hence looking at the fundamentals of the company as well as the response it is getting from various classes of investors, I recommend Anu’s Laboratories IPO for listing gains.
12 Feb 08 SVEC Constructions IPO Issue closed
SVEC Constructions IPO Issue has been closed for subscription. SVEC Constructions IPO was scheduled to close for subscription tomorrow. However, looking at the very poor response the IPO has received from investors, the promoters have seemed to have decided to call the issue off. With the fate Reliance Power IPO suffered on listing, investors will now think twice before subscribing to any IPO. GSS America IPO is also likely to be called off. Hence investors are advised to stay away from it in order to prevent their money getting locked for 15 days.
09 Feb 08 V-Guard IPO Subscription open Feb 18
V-Guard IPO Subscription is scheduled to open on Monday, February 18, 2008. V-Guard IPO price band has been fixed at Rs 80 to Rs 85 per share. V-Guard Industries Limited is one of the leading companies in India manufacturing electrical and electronic products. The registrar for the V-Guard IPO is Intime Spectrum while Anand Rathi Securities is the lead manager for the IPO. V-Guard IPO listing will be both on the NSE and the BSE. V-Guard IPO closes for subscription on Thursday, February 21, 2008. V-Guard IPO Subscription details and V-Guard IPO Allotment details will be updated here regularly.
09 Feb 08 REC IPO – Rural Electrification Corp IPO Details
REC IPO will opens for subscription on Monday, February 19, 2008. Rural Electrification Corp IPO might help improve the sentiments of the IPO market which is going through a bad phase at the moment. Rural Electrification Corporation IPO price band has been fixed at Rs. Rs. 90 to Rs. 105 per share. With another recent PSU power sector IPO, Power Grid IPO, providing excellent returns for investors, the REC IPO is likely to get a good response from investors. The government of India will dilute about 19% stake in Rural Electrification Corporation (REC) through the IPO. At present 100% stake of REC is owned by the government. Rural Electrification Corporation is a mini ratna company. REC IPO Subscription closes on Friday, February 22, 2008. REC IPO subscription details and REC IPO allotment status will be updated here.
09 Feb 08 GSS America IPO Subscription opens tomorrow
GSS America IPO opens for Subscription tomorrow. It would definitely be nervous moments for the promoters of GSS America Infotech Limited as well as the lead managers of the GSS America IPO looking at the poor investor reponse to IPO’s at the moment. GSS America IPO price band has been fixed at Rs. 400 to Rs. 440 per share. Though the valuation of GSS America IPO seems reasonable, there is still a lot of uncertainity on the fate of this IPO. GSS America IPO Subscription details and GSS America IPO Subscription allotment information will be updated here on a continuous basis. GSS America IPO closes for Subscription on Friday, February 15, 2008.
09 Feb 08 SVEC Constructions IPO Price Band revised
SVEC Constructions IPO seems to be the IPO next in line to get victimised due to poor market sentiments. The IPO failed to subscribe even by 50% with the institutional investors showing a thumbs down. Institutional investors category has not even been subscribed by 1%. As of now there seems to be only one bid made in this category by a Domestic Financial Institution. Clear signs that the SVEC Constructions IPO might get cancelled as well. SVEC Constructions IPO Price Band has been lowered from Rs. 85 to Rs. 95 to Rs. 80 to Rs. 90 per share. The final SVEC Constructions IPO subscription figures will be updated here once the IPO closes for subscription on Wednesday, February 13, 2008.
09 Feb 08 Emaar MGF IPO / Wockhardt IPO Subscription cancelled
Emaar MGF IPO Subscription as well as Wockhardt IPO Subscription have been cancelled. The reason for the IPO subscription being revoked, even after futile attempts to make the IPO attractive by reducing the price band, is two pronged. The most important reason is that the IPO market seemed sub dued due to the stock market crash in almost all major world markets affecting the sentiment of investors in India. This is made evident from the fact that even the Reliance Power IPO received a large number of stop payments after the IPO closed for subscription. The second reason for the Emaar MGF IPO Subscription and Wockhardt IPO failing was that promoters and lead managers had priced the IPO issues very aggressively since the IPO market in India was looking great until the time both these IPO’s opened for subscription. A fall-off due to the twin IPO failures would be the Reliance Power IPO listing which is likely to provide much lower listing gains than anticipated before. This is evident from the grey market premium of Reliance Power IPO which has been continuously going southwards for the past week or so. Emaar MGF IPO refund and Wockhardt IPO refund will be made by the fourth week of February 2008.
04 Feb 08 Cox and Kings IPO Details
Cox and Kings Limited is all set to tap the Indian capital markets with an IPO in the near future. Cox and Kings IPO draft red herring prospectus has been filed with SEBI last week. Once the DRHP of Cox and Kings IPO is approved by SEBI, the IPO can open for subscription anytime withing 6 months from the date of SEBI approval. If the Indian stock markets are buyoyant, then Cox and Kings IPO is likely to hit the markets in March 2008. Cox and Kings IPO will be tracked closely in this blog.
28 Jan 08 Manjushree Extrusions IPO opens on 31 Jan
Manjushree Extrusions IPO opens for subscription on Thursday, January 31, 2008. Manjushree Extrusions IPO price band has been fixed at Rs. 45 per share of face value Rs. 10 each. The shares of Manjushree Extrusions Limited are already listed and actively traded on the Indian stock markets. Manjushree Extrusions IPO will close for subscription on Wednesday, February 06, 2008. More details on Manjushree Extrusions IPO including Manjushree Extrusions IPO Subscription Details as well as Manjushree Extrusions IPO Allotment status will be posted here.
28 Jan 08 Globus Spirits IPO Subscription opens Feb 07
Globus Spirits IPO Subscription opens on Thursday, February 07, 2008. Globus Spirits IPO Price Band has been fixed at Rs. 140 to 160 per share of face value Rs. 10 each. SREI Capital Markets is the lead manager for the Globus Spirits IPO. Post IPO, the shares of Globus Spirits Limited will get listed on both the NSE and the BSE. Being in the fast going alcohol industry, the Globus IPO is likely to get heavily subscribed due to high subscription interest from institutional investors in the IPO. Globus Spirits IPO closes for public subscription on Tuesday, February 12, 2008. Details regarding the Globus Spirits IPO Subscription and Globus Spirits IPO Allotment Status will be updated here.
