08 Sep 07 Koutons Retail India Limited IPO

Koutons Retail India Limited IPO : Koutons Retail India Limited, one of the largest Indian retailers of men’s apparels, is coming out with an IPO through the book building route. The Koutons Retail India Limited will open for subscription on September 18, 2007 and close for subscription on September 21, 2007. Koutons Retail India Limited is a private equity funded company. In July 2006, Koutons Retail India Limited had raised a private equity funding of Rs. 27 crores from UTI Ventures. Koutons Retail India Limited would use the funds from the IPO for expansion purposes. Post IPO, the shares of Koutons Retail India Limited will be listed on the stock exchange, Mumbai (BSE) and the National Stock Exchange (NSE). The lead manager for Koutons Retail India Limited IPO is JM Morgan Stanley Private Limited. The registrar for the Koutons Retail India Limited IPO is Intime Spectrum Registry Ltd. For updates on the subscription / oversubscription ratio of Koutons Retail India Ltd IPO and to know the allotment status, refund details and listing date of Koutons Retail India Ltd. IPO, do check this blog regularly.

Koutons Retail India Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Koutons Retail India Limited IPO Issue.

07 Sep 07 Kaveri Seed IPO Subscription Details

Kaveri Seed IPO Subscription Details : Kaveri Seed IPO has been subscribed by about 1/3rd (.33%) of its IPO issue size. The High networth investor category has been subscribed fully. The institutional investor category has been subscribed by about half the issue size allocated to the institutional investor category. With the secondary market doing well, the revival of the IPO market looks imminent. This would augur well for Kaveri Seed IPO which seems to have got its IPO timing right.

07 Sep 07 ACI IPO : Allied Computers International IPO is open for subscription

The Allied Computers International IPO (ACI IPO) opened for subscription today. Allied Computers International IPO is a fixed price IPO and not a book building IPO. The IPO price has been fixed at Rs. 12 per share. Allied Computers International is a Mumbai based IT hardware company. The IPO issue size is just Rs. 6 crores. Since the IPO issue size is small and the IPO is priced at attractive valuations, the Allied Computers International IPO is likely to be oversubscribed heavily.

31 Aug 07 Magnum Ventures IPO Subscription Details : IPO Oversubscribed

Magnum Ventures IPO closed for subscription yesterday. Though the subscription figures were not that great the Magnum Ventures IPO managed to sail through. Overall, the Magnum Ventures IPO was subscribed by 2.95 times (oversubscribed 1.95 times). The retail investor category in the Magnum Ventures IPO got subscribed by less than 3.5 times (oversubscribed by 2.38 times). Institutional investor category in the Magnum Ventures IPO has been subscribed by about 2.35 times (oversubscribed around 1.35 times) and the High Networth Individual category has been subscribed by over 4 times (oversubscription ratio : 3 times). Allotment will be high for retail investors since the retail investor category in the Magnum Ventures IPO has not been heavily oversubscribed. However, retail investors are likely to make low returns in the Magnum Ventures IPO since, even though the allotment will be high, Magnum Ventures IPO is likely to list at a very low premium. Magnum Ventures IPO might even provide listing losses if the market sentiment is bad during the time of its listing. Good luck to all investors who apllied in the Magnum Ventures IPO. For updates on the IPO allotment status, refund details and listing date of Magnum Ventures IPO, do check this blog regularly.

27 Aug 07 Magnum Ventures IPO is open for subscription

Magnum Ventures IPO is now open for subscription. The IPO closes for subscription on Thursday. Today, Magnum Ventures IPO did not receive a good response from investors. Institutional investor category did not get a single bid. However, the HNI category was almost fully subscribed. Magnum Ventures IPO seems to be faring much better than the IT People IPO.

27 Aug 07 IT People IPO gets poor reception from investors

IT People IPO opened for subscription today. IT People IPO received a very poor reception from investors. There wasn’t a single bid made by institutional investors and HNI’s. Retail category also received very poor subscription. The IT People IPO will close for subscription on August 31, 2007. Do check back on friday to check the final subscription details of IT People IPO.

23 Aug 07 Motilal Oswal IPO Subscription Details : Heavy Allotment, High Listing Gains

The Motilal Oswal IPO closed for subscription today. The Motilal Oswal IPO performed pretty well considering the fact that both the primary market (IPO market) and the secondary market are not doing well. This again validates the hypotheses that, if an IPO is priced reasonably and if the fundamentals of the company going public is good, then investors will see value and will definitely lap up the shares offered in an IPO. Overall, the Motilal Oswal IPO was subscribed by 27.40 times (oversubscribed 26.40 times). The retail investor category in the Motilal Oswal IPO got subscribed by less than 4.5 times (oversubscribed by 3.5 times). Institutional investor category in the Motilal Oswal IPO has been subscribed by about 44 times (oversubscribed around 43 times) and the High Networth Individual category has been subscribed by over 10.25 times (oversubscription ratio : 9.26 times). Allotment will be high for retail investors since the retail investor category in the Motilal Oswal IPO has not been heavily oversubscribed. Retail investors are likely to make high returns in the Motilal Oswal IPO since allotment will be heavy and the IPO is likely to list at a decent premium because of heavy institutional oversubscription. Because of heavy allotment, net returns will be boosted. Good luck to all investors who apllied in the Motilal Oswal IPO. For updates on the IPO allotment status, refund details and listing date of Motilal Oswal IPO, do check this blog regularly.

23 Aug 07 Dagger Forst Tools Limited IPO opens for subscription on 27th

The IPO of Dagger Forst Tools Limited, a Yashovardhan Birla Group, will open for subscription on Monday, 27 August 2007 and will close for subscription on Monday, 03 September 2007. The Dagger Forst Tools IPO is a fixed price IPO. The price fixed for the IPO is Rs. 45 per share. As per the Draft Prospectus, Dagger Forst Tools Limited will use the proceeds of the IPO for setting up additional facilities for manufacturing Mechanical tubes and for working capital requirements. The shares of Dagger Forst Tools Limited are already listed on the Bombay Stock Exchange (BSE). The lead manager for the Dagger Forst Tools Limited IPO is Centrum Capital Ltd. The registrar for the Dagger Forst Tools Limited IPO is Intime Spectrum Registry Limited. For updates on the subscription / oversubscription ratio of Dagger Forst Tools Ltd IPO and to know the IPO allotment status, refund details and listing date of Dagger Forst Tools Ltd. IPO, do check this blog regularly.

Dagger Forst Tools Limited IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Dagger Forst Tools Limited Limited IPO Issue.

22 Aug 07 Indowind Energy IPO Subscription Details

Indowind Energy IPO which is now open for subscription along with the Motilal Oswal IPO, is not doing very well. Unlike the Motilal Oswal IPO which got oversubscribed in the first few hours of the IPO opening for subscription, the Indowind Energy IPO still remains undersubscribed. As of now, the Indowind Energy IPO has been subscribed by 0.52 times only. The only good news for the promoters of Indowind Energy Limited and the investment banks managing the IPO is the fact that the institutional investor category has been full subscribed.

22 Aug 07 IT People (India) Limited IPO : IT People IPO opens on 27th

IT People (India) Limited, an eRecruitment & Consulting company, targetting the global IT and ITES industry is coming out with an IPO through the book building process. IT People IPO will open for subscription on Monday, 27 August 2007 and will close for subscription on Friday, 31 August 2007. IT People (India) Limited will fix the price band for the IPO atleast 1 day prior to the IPO opening for subscription. As per the Draft Prospectus, IT People (India) Limited will use the proceeds of the IPO for investing in improving technology and for marketing and business expansion. Post IPO, the shares of IT People (India) Ltd will be listed only on the Bombay Stock Exchange (BSE). The lead manager for the IT People (India) Limited IPO is Khandwala Securities ltd. and Religare Securities Limited. The registrar for the IT People (India) Limited IPO is TSR Darashaw. For updates on the subscription / oversubscription ratio of IT People (India) Ltd IPO and to know the IPO allotment status, refund details and listing date of IT People (India) Ltd. IPO, do check this blog regularly.

IT People (India) Limited IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the IT People (India) Limited IPO Issue.

22 Aug 07 Edelweiss Capital Limited IPO : Edelweiss IPO Subscription Details

Edelweiss Capital Limited, which is a leading Investment Bank and brokerage house based in Mumbai is coming out with an IPO. Edelweiss Capital Limited has filed the draft red herring prospects (DRHP) with SEBI and is awaiting SEBI’s clearance. Edelweiss Capital Limited IPO will offer 8.30 million equity shares of face value Rs. 5 each to public at a premium which will be decided through the 100% book building process. The price band of the IPO and the date when the Edelweiss Capital Limited IPO opens/closes for subscription will be announced a few days before the IPO opens for subscription. With the Motilal Oswal IPO generating a lot of subscription interest from institutional investors, the Edelweiss IPO is also likely to do well. Motilal Oswal and Edelweiss Capital Limited are in the same line of business and hence the listing price of Motilal Oswal IPO in the secondary market will, to a certain extent, determine the price at which Edelweiss Capital Limited will price its IPO. The Edelweiss IPO Subscription Details will be updated here frequently.

14 Aug 07 Magnum Ventures Limited IPO : Magnum Ventures IPO opens on 27th

Magnum Ventures Limited, a UP based paper trading and manufacturing company, is coming out with an IPO through the book building process. Magnum Ventures Limited IPO will open for subscription on Monday, 27 August 2007 and will close for subscription on Thursday, 30 August 2007. Magnum Ventures Limited was earlier known as Magnum Papers Limited. Magnum Ventures Limited has fixed the price band for the IPO between Rs. 27 and Rs. 30 per share. As per the Draft Prospectus, Magnum Ventures Limited will use the proceeds of the IPO to set up a 4 Star Business Hotel and to modernize their manufacturing plants. Post IPO, the shares of Magnum Ventures Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The issue size of Magnum Ventures Limited IPO is about Rs. 60 crores. The lead manager for Magnum Ventures Limited IPO is SREI Capital Markets Limited. The registrar for the Magnum Ventures Limited IPO is Bigshare Services. For updates on the subscription / oversubscription ratio of Magnum Ventures Ltd IPO and to know the IPO allotment status, refund details and listing date of Magnum Ventures Ltd. IPO, do check this blog regularly.

Magnum Ventures Limited IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Magnum Ventures Limited IPO Issue.

13 Aug 07 Indowind Energy Limited IPO

Indowind Energy Limited IPO, a Chennai based Wind Energy / Wind Farming company is coming out with an IPO through the book building process. Indowind Energy Limited IPO will open for subscription on Tuesday, 21 August 2007 and will close for subscription on Friday, 24 August 2007. Indowind Energy Limited has fixed the price band for the IPO between Rs. 55 and Rs. 65 per share. As per the Draft Prospectus, Indowind Energy Limited will use the proceeds of the IPO for expansion purposes. Indowind Energy Limited was one of the first companies to get carbon credits and the company is now making huge money by selling carbon credits. Post IPO, the shares of Indowind Energy Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The issue size of Indowind Energy IPO is about Rs. 100 crores. The lead managers for Indowind Energy Limited  IPO are UTI Securities, Canara Bank and Keynote Corporate Services. The registrar for the Indowind Energy Limited  IPO is Bigshare Services. For updates on the subscription / oversubscription ratio of Indowind Energy Ltd IPO and to know the IPO allotment status, refund details and listing date of Indowind Energy Ltd. IPO, do check this blog regularly.

Indowind Energy Limited IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Indowind Energy Limited IPO Issue.

08 Aug 07 KPR Mill IPO Subscription Details : IPO Oversubscribed

The KPR Mill IPO closed for subscription yesterday. The KPR Mill IPO was completely overshadowed by the Take Solutions IPO which closed on the same day and got heavily oversubscribed. KPR Mill IPO however managed to get fully subscribed in the last few hours of the closing day of subscription. However the retail investor category remained undersubscribed. The retail investor category in the KPR Mill IPO got subscribed by only about 0.40 times (undersubscribed by 0.60 times). Institutional investor category in the KPR Mill IPO has been subscribed by 1.44 times (oversubscribed 0.44 times) and the High Networth Individual category has been subscribed by 2.07 times (oversubscription ratio : 1.07 times). Overall, the KPR Mill IPO has been subscribed by 1.19 times (oversubscribed 0.19 times). The issue price of KPR Mill IPO will be fixed at the lower end of the price band at Rs. 225

Retail investors who applied in the KPR Mill IPO will get full allotment and hence depending on the listing price of KPR Mill, profits / losses will both be high. KPR Mill IPO is likely to have a pretty poor listing and may provide listing losses to investors, unless the secondary market at the time of listing of KPR mills performs very well. The listing date of KPR Mill Limited is likely to be somewhere in the final week of August. KPR Mill Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the KPR Mill IPO can expect to receive the IPO refund in the third week of August through ECS (in cities where the ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of KPR Mill 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 KPR Mill IPO.

01 Aug 07 Asian Granito IPO Subscription Details

The Asian Granito IPO was the other IPO which closed for subscription on 31st, along with the SEL manufacturing IPO. Just like the SEL Manufacturing IPO, the Asian Granito IPO also got oversubscribed only in the last few hours, on the last day of subscription. However the Asian Granito IPO performed slightly better than the SEL manufacturing IPO. Overall, the Asian Granito IPO has been subscribed by 4.51 times (oversubscribed 3.51 times). The retail investor category in the Asian Granito IPO IPO got subscribed by 4.66 times (oversubscribed by 3.66 times). Institutional investor category in the Asian Granito IPO has been subscribed only by 3.09 times (oversubscribed 2.09 times) and the High Networth Individual category has been subscribed by over 10 times (oversubscription ratio : 9 times). Those who applied for 5 lots (300 shares), or more, will get a firm allotment. For all others who applied in the Asian Granito IPO, allotment will be made through the lottery system. Asian Granito India Limited is likely to have a good listing and is likely to provide decent listing gains to investors who invested in the IPO purely for the purpose of listing gains. The listing date of Asian Granito India Limited is likely to be somewhere in the fourth week of August. Asian Granito India Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the Asian Granito India Limited IPO can expect to receive the IPO refund in the third week of August through ECS (in cities in which refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of Asian Granito India Limited 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 Asian Granito IPO.