17 Jun 07 Celestial Labs Ltd IPO
Celestial Labs Limited, a leading hyderabad based bio informatics company, is all set to tap the capital markets with an IPO which would open for subscription on Monday, June 18th. Celestial Labs IPO will comprise of an issue of 50 lakh equity shares of face value Rs.10 each at a price of Rs. 60 per share, which includes a premium of Rs. 50 per share. The Celestial Labs IPO is expected to raise Rs. 30 crores. The Celestial Labs IPO would open for subscription on June 18 and close for subscription on June 22. The other IPO’s which would be open for subscription during this time are the Ankit Metal IPO which is also open for subscription from June 18 to June 22 and the mega ICICI Bank public issue which opens on June 19th. CRISIL has assigned a grading of 1 out of 5 for the Celestial Labs IPO. But these gradings are of no use at all and are meaningless. Post IPO, the shares of Celestial Labs Limited will be listed on the National stock exchange (NSE) and the stock exchange, Mumbai (BSE). The lead manager for Celestial Labs IPO is Chartered Capital and Investment ltd. The registrar for the Celestial Labs IPO is Karvy Computershare Ltd. For updates on the subscription / oversubscription ratio of Celestial Labs IPO and to know the IPO allotment status, refund details and listing date of Celestial Labs IPO, do check this blog regularly.
Celestial Labs Limited IPO Prospectus
For more information, read the Draft prospectus of the Celestial Labs Limited IPO Issue.
Related Posts
Reader's Comments
Leave a Comment
How many times is this IPO subscribed ?
@ Amit – We would know the subscription details of celestial labs IPO only after the IPO closes since this is a fixed price IPO and not a book building IPO.
What are your opinion about this IPO? there has been a mixed feeling about it inthe market and experts. the CRISIL rating is 1 indicating poor fundamentals of this public issue.
@Sandeep – I think the Celestial labs IPO is pretty good and is likely to provide listing gains. However I prefer not to apply in fixed price IPO’s since access to the real time data is not available in fixed priced IPO’s
dear sir,
how we expected celestial ipo.
is there oversubscibe hoe many times.
what future prospect 4 fix price issue.
can i apply 4 near 1lakh rs.
ipo should be return on listing day.
thank you.
@ harshal – I feel the valuations are reasonable and the Celestial labs IPO will give you reasonable returns on the listing date. The oversubscription data is not available since its a fixed price IPO and not a book building IPO. The oversubscription details will be available only after a few days after the IPO closes for subscription.
yES based on the management background, as they all seem to be well qualified andhave been around for nearly a decade. I think in bi -tech companies like this plenty of years & finance go on research, which this company SEEMS to be done quite well with.
Its now only a concern in my opinion regarding the enviormentalists which may hamper the further resear4ch.
Can you please shed some light on what kind of listing gains we can expect? By what time the price would stabilize? Given the concerns on the fundamentals (like long research and revenue cycle, lack of confidence in terms of getting regualtory and financial aid approvals) will it offer anything beyond 10% in the first 3 months? Your advise is most appreciated.
well, listing gains may be there but my suggestion would be not to expect a huge rally, instead think it as a long term investement. wait for at least 3-6 months, see the kind of response it gets from the govt and others and then if still under loss to get out, if you are not a long term investor. for long term investors – my recommendations stay invested for 2-3 years at least
DISCLAIMER- having said all this I have not invested myself in this IPO, as i expect the price may fall after listing( chances are 50-5-%) and i inendto be a long term investor plus i am saving for the coming IPO’s
Please go through the offer before investing
How many time this ipo was subscribed?
what are the subscription details of celestial labs IPO?
@Sukumar and Ankit – The subscription details of celestial labs IPO are not yet available.
by when we can expect the subscription figures to be out….or if any fair guesses to be made around it????
@
As I am bit unawares of the concept, can you please ellaborate;
How Fixed Price Process is different than Book Building.. in that the subscrption details are not available live?
Since you and others are telling; and are averse to Fixed Price issues… what/ how are they different WITH RESPECT TO subscription details not computed/ made public LIVE..
Thanks for the help
Monk Who Doesnt own a Ferrari, but sold his RamPyari
when will be the subscription data available can anyone tell me how many times it was oversubscribed i have bought in the grey market now the premium has gone down so jst wanted to know
any details on the allotment yet?
And why do fixed price issues not have live details on the subscription.. whats the diference between that and book build issues
Regards
Nikhil
when i come to know the subscription details of celestial labs, whether we will gain on listing
Any further about subscription or listing??
clestial lab subscribed 2 times
called up “Chartered Capital and Investment Limited”, leading manger to issue. they said that total IPO subscription is 2.67 times & retail is 3.5 times. allotment will be done next week & listing after that.
looks like, we may have to book loss on listing ;(
No, not necessarily, on the contrary we might get a bit gain.
Chances of losses or no profit are more likely as total subscription is 2.6, where as retail is 3.5 it means non retail side has only 1.6 contribution which is very less…
hi sachin…dis is not a personal attack,but d fact is dat allotment figures hav nt yet been computed…u may nt realise but d fact is dat every detail dat u leave might be taken seriously by someone…so if u did nt apply…good ,i appreciate…but pls dont leave false information
@Sachin – Thanks for the updates. Listing at a premium or a loss depends on the institutional oversubscription and the market conditions preceding the listing date of celestial labs
@Rahul – This is a problem with this fixed price IPO’s. No proper information available. I suggest you call the regsitrar and confirm the news Sachin has obtained. Kindly get the HNI and institutional catgeory subscription details too, if you do call the registrar.
Well, I personally think information Sachin has obtained is correct because he has no motive to give us false information. Anyways when in doubt its always better to confirm the news.
Lets mutually help each other and ensure all of us have a profitable investing experience.
Hi Rahul,
I have also asked for subscription detailes of clestial lab & their reply confirms Sachin”s information.
M K Jain
tried to…karvy sayz information not available…anywayz,does anyone know how much impact grey market premium has on actual listing..for celestial labs is around 7-8 bugs!
@ Rahul:
Here are contact details. (from RHP)
LEAD MANAGERS TO THE ISSUE
Chartered Capital and Investment Limited
13, Community Centre,
East of Kailash
New Delhi – 110 065
Tel: 011 26218274, 26419079
Fax: 011 26219491
Email: celestial@charteredcapital.net
Contact Person: Mr. Heemadri Mukerjea.
Feel free to call up & clarify & reply back.
Note: Its hard to get connected on these baord number.
Email snipped picked from another website:
From: Chartered Capital And Investment
Sent: Friday, June 29, 2007
Subject: Re: Fw: IPO- CELETIAL LABS LIMITED
Dear
This is in furtherance to our email dated 25 June 2007.&You are requested to kindly take of the following
As per the figures provided to us by the RTA, M/s Karvy Computershare (P) Ltd. the subscription figures for Celestial Labs are as follows:
Public
Shares offered : 3000000
Shares Applied for: 10557899
NRI/QIB
Shares offered : 1800000
Shares Applied for: 2823120
Employees
Shares offered : 200000
Shares Applied for: 16160
————————–
Some discomforting observation: employee quota is largely unsubscribed.
@BullishIndian: with around 1.5 subscription in NRI?/QIB quota, what is expectation from listing now?
thanks sachin…hope no hard feelings…u will understand though..when u invest and suddenly hear somethin negative for d same…triggers u off..anywayz,as i said before,do u hav any idea whether grey market premium has any impact…the grey market premium for celestial is around rs 7-8…source is Mr SP Tulsian’s website-www.premiuminvestments.in in the section market whispers
Hi,
Can you guys tell me the allotment date of Celestial Labs IPO??? And when it might get listed?
When is the Celestial Labs Listing expected to take place?? Can we expect it to list at 70-75 ??
When will i come to know the allotment status
allotment details out…i got 209 shares for 720 for which i applied…praying it has a good listing
Could u pls. let me know from where I can check the allocation status…
You can check allotment status of celestial lab on karisma.karvy.com
hi….
can anyone give me the listing date of celestial labs
Premium for Clestial Lab in grey maket is Rs.11
wat is the listing date of celestial labs?
can any one tell wat is the listing date of celestial labs?
when is it expected to list?
@ Arun
@Sachin
Now whats your reaction or opinion about listing gains/loss when grey market premium has gone up upto Rs. 11 /- ?
Regards,
akkbatra.
i will be keen to book listing gains
Called up Chartered capital, they said refund expected in a day or two and proceeding are going on for listing. May be end of this week or early next week.
Keeping my fingers crossed.
How refund will be send any idea? I have applied through icici direct. DLF had refunded through EPS.
can you told me Which site get get celestial lab oversubcribe deatail seen.
@Avinash says:…. refund method depend upon the registrar of the ipo…. it has nothing with ipo company……karvy was registrar of DLf it does ECS …..karvy is again the registrar of clestial lab so again it will use ECS for refund…. hope so
I think Rs. 15-20 should be the listing gain.
Grey market premium on Tuesday at 1PM stands at – Everonn Rs.400-410, Allied Digital Rs.135-140, Celestial Lab Rs.10-11, Spice Telecom Rs.10.50-11, Simplex Projects Rs.165-170 and HDIL at Rs.27-28, Omaxe Rs.30-32 and Alpa Labs Rs.8-10
I have applied for celestial labs thro’ ICICIDirect, how can i check my allotment status? can anyone help me?
Karthik: You can check you demat session in ICICIBANK.COM or thru the registar of the issue namely Karvy here at their site : karisma.karvy.com. All the BEST.
Venki
whats listing date of CELESTIAL LABS ON STOCK EXCHANGE?
I have not been allotted any stocks for celestial labs. When can i expect my refund? How long it may take from the allotment date?
have received refund in ICICI account today.
heard that listing shall be on Monday or Tuesday.
As listed on NSE, Listing of Equity Shares of Celestial Labs Limited (IPO) would be on July 17th Tuesday
i still didn’t get my refund.Could anyone please tell me whom to approach regarding this.
Does anyone got the refund and how they are giving the refund.is it Through Cheque?
i still didn’t get my refund.Could anyone please tell me whom to approach regarding this.
Does anyone got the refund and how they are giving the refund.is it Through Cheque?
Hi Bullish
as rakke is telling that, allied they are operating from home,
what is your opinion because i have applied minimum share for the same.
i have send some msg but i am not getting any reply from you why????
ketan
@ketan – Company seems to be good (going by the response received in the IPO). Whether it operates from home or office does not matter as long as the company is able to generate good profits.
I’m sorry but I did not receive any message from you.
okay.. so should we hold on.. or sell now?
especially the inherent fear that markets are going to fall (even th optimists are saying, a “correction” may come)..
this hasnt been a high hyped/marketed company.. so I assume the price movement would heavily be company news driven (unless operators manupalte it)