24 Jul 07 Central Bank of India IPO : Apply for Listing Gains

The Central Bank of India IPO got oversubscribed in the first few hours of opening for subscription today. At present the Central Bank of India IPO is subscribed by 2.26 times (oversubscribed by 1.26 times). The Central Bank of India IPO is likely to provide excellent gains on listing. Apply aggressively at cut off for listing gains. The Central Bank of India IPO closes for subscription on 27th July.

23 Jul 07 Central Bank IPO opens for subscription

The Central Bank IPO opens for subscription tomorrow. The issue size of central bank IPO is around 800 crores. It makes sense to apply in the central bank IPO instead of the Zylog IPO or the Omnitech IPO because since the issue size of central bank IPO is large, getting allotment will be easier. Further many leading banks and other strategic investors are likely to use the IPO to take a stake in central bank of India which has the third largest bank network in India.

23 Jul 07 Zylog Systems IPO Subscription Details

Zylog Systems IPO has been subscribed by about 5 times. There is a lot of institutional interest in the Zylog IPO. With 2 days still to go, the institutional investor category in the Zylog Systems IPO has already been subscribed by over 7.5 times. Zylog Systems IPO closes on July 25th and is likely to get heavily oversubscribed. I’ve decided not to apply in this IPO, since I feel allotment will be very very tough to get.

23 Jul 07 Omnitech InfoSolutions IPO : Apply for Listing Gains

Tomorrow is the penultimate day of Omnitech InfoSolutions IPO. The Omnitech InfoSolutions IPO Subscription figures as of today looks very good. With 2 days still remaining for subscription, Omnitech InfoSolutions IPO has already been oversubscribed. Institutional investor category has been subscribed by about 3 times already. Omnitech InfoSolutions IPO is likely to provide good gains on listing. However since the IPO issue size is pretty small, luck is likely to play a major role in determining returns, since the Omnitech IPO is likely to get heavily oversubscribed on the last day of subscription.

23 Jul 07 IVR Prime IPO open for Subscription

IVR Prime IPO is now open for subscription. IVR Prime is an 80% subsidiary of IVRCL infrastructures. The IVR prime IPO closes for subscription on Thursday. The price band fixed by the investment bankers managing the IVR Prime IPO in consultation with the promoters of IVR Prime is Rs. 510 to Rs. 600. The valuations at this price band certainly look expensive but looking at the future prospects of both the company and the real estate industry as a whole in India, the IVR Prime IPO is certainly worth investing in. DLF IPO is a good example. Though the valuations were unreasonable, the returns it gave was very good.

22 Jul 07 Zylog Systems IPO : Apply for Listing Gains

The Zylog Systems IPO has received excellent subscription interest from institutional investors. The institutional investor category in the Zylog Systems IPO has been subscribed by over 5 times already while overall Zylog Systems IPO has been subscribed by a little over 3 times. Zylog Systems IPO is likely to reward investors with excellent listing gains. However since the issue size of Zylog Systems IPO is pretty small the IPO is likely to get heavily oversubscribed and hence chances of getting allotment will become tough. So I suggest investors wait till the last day and apply based on the subscription figures of the final day. With so many good IPO’s opening for subscription, it doesnt make sense to lock money in an IPO, if an IPO gets heavily oversubscribed, since the chances of allotment will be very low.

21 Jul 07 Suryachakra Power IPO Listing Date

After its successful IPO, Suryachakra Power Corporation Limited will be listed in the stock markets on Monday, July 23 2007. With new IPO listings almost everyday, the coming week is going to be really exciting. Hope those who invested in the Suryachakra Power Corporation IPO for listing gains, are able to book decent profits. The NSE code for Suryachakra Power Corporation is SURYACHAKRA.

21 Jul 07 Hindustan lever (HLL) Buyback

Hindustan Unilever Limited, formerly known as Hindustan Lever Limited (HLL) announced yetserday that it intends to buyback shares. The Buyback offer proposal will be taken up by the board of HLL in the next board meeting. Hindustan Lever (HLL) has failed to participate in the ensuing bull run and hence the board of HLL probably feels that the stock prices of HLL are highly undervalued and hence the share buyback proposal.

20 Jul 07 HDIL Listing Date

Following its successful IPO, Housing Development and Infrastructure Limited (HDIL) will list on the National Stock Exchange (NSE) and the Bombay Stock Exhange (BSE) on Tuesday, July 24 2007. HDIL communicated the listing date to the respective stock exchanges today. Hope HDIL lists at a premium and provides decent listing gains to those who invested in the HDIL IPO. The NSE symbol for HDIL is HDIL.

20 Jul 07 Allied Digital Listing Date

Allied Digital Services Limited (ADSL) will list on NSE and BSE on Wednesday July 25, 2007. The listing date was informed by Allied digital to the respective stock exchanges. The Allied Digital IPO was heavily oversubscribed and hence listing gains will be huge. I applied in the allied digital IPO but was unlucky not to get any allotment The NSE symbol for Allied Digital is ADSL. Good luck to those who received allotment.

20 Jul 07 Omaxe IPO Subscription Details : Huge Listing Gains likely

The Omaxe IPO closed for subscription today. The Omaxe IPO has performed very well and was particularly a huge hit with institutional investors. Overall, the Omaxe IPO has been subscribed by 68.34 times (oversubscribed 67.34 times). The retail investor category in the Omaxe IPO got subscribed by a little less than 14 times (oversubscribed by about 13 times). Institutional investor category in the Omaxe IPO has fared exceedingly well and has been subscribed by a whooping 95.32 times (oversubscribed 94.32 times) and the High Networth Individual category has been subscribed by over 81 times (oversubscription ratio : 80.16 times).

Omaxe IPO is likely to provide excellent listing gains to investors who are lucky enough to get allotment and decide to sell their holdings on the Listing Date as soon as Omaxe lists on the stock exchanges. Retail investors who applied for the maximum number of shares in the Omaxe IPO will receive a firm allotment. The listing date of Omaxe Limited is likely to be somewhere in the second week of August. Omaxe Limited will list both on the National stock exchange and the Bombay Stock Exchange. Investors who have invested in the Omaxe 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 Omaxe 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 Omaxe IPO.

19 Jul 07 IVR Prime Urban Developers Limited IPO : IVR Prime IPO opens for Subscription on 23rd

IVR Prime Urban Developers Limited, the real estate arm and subsidiary of Hyderabad based construction and infrastructure development company, IVRCL Infrastructures, is coming out with an IPO through the book building process. The IVR Prime Urban Developers Limited IPO will open for subscription on 23rd July 2007 and will close for subscription on 26th July 2007. IVR Prime Urban Developers Limited has fixed the price band for the IPO between Rs. 510 and Rs. 600 per share. Though IVR Prime Urban Developers Limited is also into construction of hotels, malls and software parks, the main focus of IVR Prime Urban Developers Limited is on constructing integrated townships through which IVR Prime aims to provide affordable residential appartments in the sub Rs. 20 lakh category. As per the RHP, IVR Prime Urban Developers Limited will use the proceeds of the IPO to develop residential and commercial properties. IVR Prime Urban Developers Limited  will also use the funds raised through the IPO for repayment of loans. IVR Prime Urban Developers Limited has a land reserve of about 2,500 acres of which more than half is located in Chennai. Post IPO, the shares of IVR Prime Urban Developers Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead managers for the IVR Prime IPO are Enam and Kotak. The registrar for the IVR Prime IPO is Karvy Computershare Private Limited. For updates on the subscription / oversubscription ratio of the IVR Prime Urban Developers Ltd IPO and to know the IPO allotment status, refund details and listing date of the IVR Prime Urban Developers Ltd. IPO, do check this blog regularly. The IPO issue size of IVR Prime Urban Developers IPO is about Rs. 1000 crores. Retail portion is about Rs. 400 crores. Hence allotment will be good since the issue size is pretty large.

IVR Prime Urban Developers Limited IPO Prospectus
For more information, read the Red Herring prospectus of the IVR Prime Urban Developers Limited IPO Issue.

19 Jul 07 Alpa Laboratories IPO Subscription Details : Bad Listing Likely

The Alpa Laboratories IPO closed for subscription on 17th. The Alpa Laboratories IPO failed to fare well even at a time when there is a huge hype surrounding IPO’s. Overall, the Alpa Laboratories IPO has been subscribed by 1.11 times (oversubscribed 0.11 times). The retail investor category in the Alpa Labs IPO got subscribed by about 2.14 times (oversubscribed by 1.14 times). Institutional investor category in the Alpa Labs IPO has fared very badly and has been subscribed only by 0.18 times (under-subscribed 0.82 times) and the High Networth Individual category has been subscribed close to 2 times (oversubscription ratio : 1 time). Allotment will be high and hence overall profits or losses made will be high.

Alpa Laboratories Limited is likely to have a poor listing and might provide listing losses. The listing date of Alpa Laboratories Limited is likely to be somewhere in the second week of August. Alpa Laboratories Limited will list both on the NSE and the BSE. Investors who have invested in the Alpa Laboratories limited 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 Alpa Laboratories 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 Alpa Labs IPO.

19 Jul 07 Kirloskar Oil Engines to issue Bonus Shares

Kirloskar Oil Engines hit year high today after the company informed the stock exchanges that the board of Kirloskar Oil Engines have approved the issue of bonus shares. Kirloskar Oil Engines will be issuing bonus shares to existing shareholders of Kirloskar Oil Engines in the ratio of 1:1 (1 bonus share for every share held). The record date for the bonus issue is yet to be announced.

19 Jul 07 DLF Dividend : DLF Board recommends 100% Dividend

DLF has informed the stock exchanges that the board of directors of DLF have recommended a dividend of 100%, which works out to Rs. 2 per share of face value Rs. 2 each. The dividend is subject to approval from the shareholders of DLF in the ensuing AGM. The share prices of DLF have steadily been rising right from the time it got listed on the stock exchanges earlier this month.