Everonn Systems IPO which got oversubscribed heavily will make its grand debut tomorrow. The Listing date of Everonn Systems India Limited, which has been announced by the stock exchanges today, is August 01 2007. Since the Everonn Systems IPO was heavily oversubscribed, allotment was tough to get. Due to the unfullfilled demand in the primary market, Everonn Systems is likely to list at a huge premium to the IPO issue price.
The Purvankara Projects IPO is now open for subscription. Purvankara Projects Limited is a leading bangalore based real estate company. The Purvankara Projects IPO price band is Rs. 500 to Rs. 525 per share of face value Rs. 5 each. The price band appears to be pretty narrow with the spread between the upper and lower ends of the price band being just 5%. The Purvankara Projects IPO closes for subscription on Aug 03, 2007.
KPR Mill Limited, a Tamilnadu based apparel company, is coming out with an IPO through the book building process. KPR Mill IPO will open for subscription on 02 August 2007 and will close for subscription on 07 August 2007. KPR Mills Limited has fixed the price band for the IPO between Rs. 225 and Rs. 265 per share. As per the Draft Prospectus, KPR Mill Limited will use the proceeds of the IPO for expansion of its garment unit at Arasur which is in Coimbatore, for setting up a design studio, to construct a hostel at Arasur and to expand / construct new facilities to increase capacity. Post IPO, the shares of KPR Mills Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). KPR Mill Limited had recently made a pre IPO placement of Rs. 105 crores with Blue River Capital, Brandot International and Argonaut Private Equity. The issue size of KPR Mill IPO is Rs. 156 crores at the upper end of the price band. The lead manager for the KPR Mills IPO is Kotak Investment Banking. The registrar for the KPR Mill IPO is Karvy. For updates on the subscription / oversubscription ratio of KPR Mill Ltd IPO and to know the IPO allotment status, refund details and listing date of KPR Mills Ltd. IPO, do check this blog regularly.
KPR Mill Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the KPR Mill Limited IPO Issue.
TAKE Solutions Limited, a life sciences and supply chain management solutions company, is coming out with an IPO through the book building process. TAKE Solutions IPO will open for subscription on 01 August 2007 and will close for subscription on 07 August 2007. TAKE Solutions Limited has fixed the price band for the IPO between Rs. 675 and Rs. 730 per share. As per the Draft Prospectus, TAKE Solutions Limited will use the proceeds of the IPO for repayment of loans, product development and to build a war chest for mergers and aquisitions. TAKE Solutions Limited recently acquired two US based companies (ie.) OnSphere Corporation and Applied Clinical Intelligence, LLC (ACI) for a cash consideration of $ 2.75 million and $ 2.4 million respectively. Post IPO, the shares of TAKE Solutions Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). TAKE Solutions Limited had recently made a pre IPO placement of 900,000 equity shares to Galleon International Master Fund SPC Limited and Passport India Investments (Mauritius) Ltd. The issue size of TAKE Solutions IPO is about Rs. 150 crores. The lead manager for the TAKE Solutions IPO is Edelweiss Capital Limited. The registrar for the TAKE Solutions IPO is Intime Spectrum Registry Limited. For updates on the subscription / oversubscription ratio of TAKE Solutions Ltd IPO and to know the IPO allotment status, refund details and listing date of TAKE Solutions Ltd. IPO, do check this blog regularly.
TAKE Solutions Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the TAKE Solutions Limited IPO Issue.
The Everonn Systems IPO Allotment Status has finally been uploaded by cameo, which is the registrar for the Everonn Systems IPO. The Everonn Systems IPO Allotment Status is available here. Once you reach the Cameo page, select Everonn Systems India Limited from the drop down box and follow the instructions given there to check the allotment details of Everonn Systems IPO. Good luck to all those who applied in the Everonn Systems IPO.
The Central Bank IPO closed for subscription today. The Central Bank of India IPO performed extremely well and it got heavily oversubscribed across all categories. Overall, the Central Bank of India IPO has been subscribed by 62 times (oversubscribed 61 times). The retail investor category in the Central Bank IPO got subscribed by 16.2 times (oversubscribed by 15.2 times). Institutional investor category in the Central Bank IPO has been subscribed by a whooping 89.11 times (oversubscribed 88.11 times) and the High Networth Individual category has been subscribed by over 69.5 times (oversubscription ratio : 68.58 times). Those who applied for 16 lots (960 shares), under the retail investor category will get a firm allotment. For all others who applied in the Central Bank of India IPO, allotment will be made through the lottery system. Central Bank of India is likely to have a good listing and hence is likely to provide excellent listing gains. The listing date of Central Bank of India is likely to be somewhere in the third week of August. Central Bank of India will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the Central Bank IPO can expect to receive the IPO refund in the third week of August through ECS (in cities where refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of Central Bank 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 Central Bank of India IPO.
Purvankara Projects Limited, a Bangalore based real estate developer, is coming out with an IPO through the book building process. Purvankara Projects IPO will open for subscription on 31 July 2007 and will close for subscription on 03 August 2007. Purvankara Projects Limited has fixed the price band for the IPO between Rs. 500 and Rs. 525 per share. As per the Draft Prospectus, Purvankara Projects Limited will use the proceeds of the IPO for retiring high interest loans and for acquiring land. Purvankara Projects Limited is currently present in Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and U.A.E. Over 80% of Purvankara Projects’ portfolio is residential and the other 20% is commercial. Post IPO, the shares of Purvankara Projects Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The lead managers for the Purvankara Projects IPO are DSP Merrill Lynch Limited, Citigroup Global Markets Ltd, Kotak Mahindra Capital Limited. The registrar for the Purvankara Projects IPO is Intime Spectrum Registry Limited. For updates on the subscription / oversubscription ratio of Purvankara Projects Ltd IPO and to know the IPO allotment status, refund details and listing date of Purvankara Projects Ltd. IPO, do check this blog regularly. The Purvankara Projects IPO is a pretty large IPO with an issue size in excess of Rs. 1000 crores.
Purvankara Projects Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Purvankara Projects Limited IPO Issue.
The IVR Prime IPO closed for subscription on thursday. The IVR Prime IPO performed pretty decently considering the fact that the issue size was big and the issue was overpriced. IVR Prime IPO generated good subscription interest from institutional investors. However retail investor category received subdued subscription interest. The retail investor category in the IVR Prime IPO got subscribed by just over 1.5 times (oversubscribed by about 0.5 times). Institutional investor category in the IVR Prime IPO has been subscribed by 8.6 times (oversubscribed 7.6 times) and the High Networth Individual category has been subscribed by over 1.85 times (oversubscription ratio : 0.85 times). Overall, the IVR Prime IPO has been subscribed by 5.75 times (oversubscribed 4.75 times).
Retail investors are likely to get close to full allotment (taking into account cheque bounces, stop payments, inaccurate data entered in the forms and the unsubscribed portion of employee category which will be added back to the retail investor category). The listing price of IVR Prime Urban Developers Limited depends on the market conditions at the time of listing. Right now all realty stocks have been hit badly and the realty index was down by over 5% today. Those who applied in the IVR Prime IPO can only hope that the market recovers by the time IVR Prime lists on the stock exchanges. Since the allotment is likley to be close to full, both Listing gains as well as Listing losses (whatever the case may be) will be huge. The listing date of IVR Prime Urban Developers Limited is likely to be somewhere in the third week of August. IVR Prime Urban Developers Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the IVR Prime 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 IVR Prime 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 IVR Prime IPO.
The IVR Prime IPO Subscription Details as of 2 PM looks attractive. Overall, the IVR Prime IPO has been subscribed by over 5 times as of 2 PM today. Most of the bids have come in from institutional investors. The IVR Prime IPO is likely to provide good gains on listing. Further, since the IPO issue size is large, allotment will be high and easy to get for retail investors, since the retail investor category is not likely to get heavily oversubscribed. The IVR Prime IPO closes for subscription today. Apply at cut off for listing gains.
The Zylog Systems IPO closed for subscription on 25th. The Zylog Systems IPO was another IPO which benefitted from the huge hype surrounding IPO’s. Overall, the Zylog Systems IPO has been subscribed by 76.51 times (oversubscribed 75.51 times). The retail investor category in the Zylog Systems IPO got subscribed by about 35.13 times (oversubscribed by 34.34 times). Institutional investor category in the Zylog Systems IPO has been subscribed by 89.55 times (oversubscribed 88.55 times) and the High Networth Individual category has been subscribed by a whooping 144 times (oversubscription ratio : 143 times). Allotment will be very low since the Zylog Systems IPO was heavily oversubscribed.
Zylog Systems Limited is likely to have an excellent listing and is sure to provide excellent listing gains to investors lucky enough to get allotment. The listing date of Zylog Systems Limited is likely to be somewhere in the third week of August. Zylog Systems Limited will list both on the NSE and the BSE. Investors who have invested in the Zylog Systems limited 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 Zylog 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 Zylog Systems IPO.