18 Jul 07 Omaxe IPO : Apply for Listing Gains

The Omaxe IPO has performed very well so far. With 2 more days still to go, the institutional investor category in the Omaxe IPO has already been subscribed by almost 4.6 times. Overall, the Omaxe IPO has been subscribed by 3.14. The Omaxe IPO looks very interesting and is likely to provide high listing gains for those who invest in it.

18 Jul 07 Allied Digital IPO Allotment Status

The Allied Digital IPO Allotment Status is out and is available here. You need to click “check application status” and then select ”allied digital services limited” from the drop down box. I applied for 490 shares of allied digital services limited at cut off but I haven’t received any allotment. I hope intime spectrum sends the refund by tomorrow so that I can use the funds to apply in the Omaxe IPO.

17 Jul 07 SEL Manufacturing Company Limited IPO

SEL Manufacturing Company Limited, a garment manufacturing company, is coming out with an IPO through the book building process. The SEL Manufacturing Company IPO will open for subscription on 26th July 2007 and will close for subscription on 31st July 2007. SEL Manufacturing Company Limited has fixed the price band for the IPO between Rs. 80 and Rs. 90 per share. As per the DRHP, SEL Manufacturing Company Limited will use the proceeds of the IPO to expand its manufacturing capacities. SEL Manufacturing Company Limited had recently raised about Rs. 8.5 crores through a pre IPO placement. EXIM Bank was issued over 7.5 lakh shares of SEL Manufacturing Company Limited at a price of Rs. 65 in the pre IPO placement while Nirmal Kotecha was issued 5 lakh shares at a price of Rs. 75 per share. Post IPO, the shares of SEL Manufacturing Company Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead manager for the SEL Manufacturing IPO is UTI Bank. The registrar for the SEL IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of the SEL Manufacturing Company Ltd IPO and to know the IPO allotment status, refund details and listing date of the SEL Manufacturing Company Ltd. IPO, do check this blog regularly. The IPO issue size of SEL IPO is about Rs. 35 crores. Retail portion is less than Rs. 15 crores. Hence its better to skip the SEL Manufacturing IPO and invest in other good IPO’s which will open for subscription around the same time.

SEL Manufacturing Company Limited IPO Prospectus
For more information, read the Draft Red Herring prospectus of the SEL Manufacturing Company Limited IPO Issue.

17 Jul 07 Zylog Systems Limited IPO : Zylog IPO Opens for Subscription on 20th

Zylog Systems Limited, a leading technology driven business solutions service provider, is coming out with an IPO through the book building process. Zylog Systems IPO will open for subscription on 20th July 2007 and will close for subscription on 25th July 2007. Zylog Systems Limited has fixed the price band for the IPO between Rs. 330 and Rs. 350 per share. As per the DRHP, Zylog Systems Limited will use the proceeds of the IPO to set up two state of the art Offshore Development Centres and to build a war chest for strategic investments and mergers and aquisitions. Zylog Systems Limited is a 100% export oriented unit and is registered with the Software Technology Parks of India. Post IPO, the shares of Zylog Systems Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead manager for the Zylog Systems Limited IPO is Motilal Oswal Investment Advisors Private Limited. The registrar for the Zylog Systems Limited IPO is Karvy Computershare Private Limited. For updates on the subscription / oversubscription ratio of Zylog Systems Ltd IPO and to know the IPO allotment status, refund details and listing date of Zylog Systems Ltd. IPO, do check this blog regularly. The IPO issue size of Zylog Systems Limited IPO is about Rs. 125 crores.

Zylog Systems Limited IPO Prospectus
For more information, read the Draft Red Herring prospectus of the Zylog Systems Limited IPO Issue.

17 Jul 07 Celestial Labs Listing Price

Celestial Labs Listed today on the stock markets. Celestial Labs had a pretty decent listing. Celestial Labs listed on NSE at around Rs. 75 per share. However after a few minutes it fell below Rs. 70 and was trading rangebound between Rs.70 and Rs. 73 for most part of the day. It had a negative 2.30 effect and the share prices of Celestial Labs from Rs. 72 to Rs. 67 in the last 1 hour of trading.

16 Jul 07 Omaxe IPO opens for Subscription today

Omaxe IPO opens for subscription today. The IPO issue size of Omaxe IPO is around 550 crores. This means oversubscription levels would be reasonable and hence allotment will also be reasonable, unlike many IPO’s in the recent past, which got subscribed heavily and hence left investors with NIL or low allotment. The price band for the Omaxe IPO is Rs. 256 to Rs. 310 per share. The Omaxe IPO closes for subscription on friday. Ensure you submit your applications by 3 o clock on friday to give your broker sufficient time to upload the bids on the NEAT / BOLT IPO terminal.

16 Jul 07 Modern Steels to issue Bonus shares

Modern Steels has informed the stock exchanges that the board of Modern Steels will consider an issue of bonus shares to the shareholders of Modern Steels. The board of Modern Steels will meet on 24 July 2007. More details on the ratio of bonus issue and the record date will be available on 24 July 2007 after the board meeting ends. The share prices of Modern Steels went up by 20% following this announcement and the scrip was locked at the upper circuit.

16 Jul 07 Subros Stock Split

Subros has informed the stock exchanges that the board of Subros will meet on the 30th of this month to decide on splitting the face value of the company’s shares (stock split). More details about the ratio of the stock split and the record date for the stock split will be available after the board meeting is over. The shares of Subros went up by about 12%following this announcement.

15 Jul 07 Omnitech Infosolutions Limited IPO : Omnitech IPO opens on 19th

Omnitech Infosolutions Limited, a Mumbai based IT services provider, is coming out with an IPO through the book building process. Omnitech Infosolutions IPO will open for subscription on 19th July 2007 and will close for subscription on 25th July 2007. Omnitech Infosolutions Limited has fixed the price band for the IPO between Rs. 90 and Rs. 105 per share. As per the DRHP, Omnitech Infosolutions Limited will use the proceeds of the IPO for business expansion and setting up overseas business units and to fund strategic investments and mergers and aquisitions. Post IPO, the shares of Omnitech Infosolutions Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead managers for the Omnitech Infosolutions Limited IPO are UTI Bank Limited and Indiainfoline. The registrar for the Omnitech Infosolutions Limited IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of Omnitech Infosolutions Ltd IPO and to know the IPO allotment status, refund details and listing date of Omnitech Infosolutions Ltd. IPO, do check this blog regularly. The Omnitech Infosolutions Limited is a pretty small IPO with a very small issue size of only Rs. 35 crores.

Omnitech Infosolutions Limited IPO Prospectus
For more information, read the Draft Red Herring prospectus of the Omnitech Infosolutions Limited IPO Issue.

15 Jul 07 Refex Refrigerants Limited IPO : Refex Refrigerants IPO opens for subscription on 23rd

Refex Refrigerants Limited, a Chennai based refrigerant company, is coming out with a fixed price IPO. Refex Refrigerants Limited IPO will open for subscription on 23rd July 2007. Since the Refex Refrigerants Limited IPO is a fixed price IPO, there will be no price band but rather a fixed IPO price, which in the case of Refex Refrigerants Limited IPO has been fixed at Rs. 65 per share (which includes a premium of Rs. 55 per share). As per the Draft Prospectus, Refex Refrigerants Limited will use the proceeds of the IPO for expansion purposes. Refex Refrigerants Limited is engaged in marketing and refilling ozone friendly refrigerants. The fact which makes the Refex Refrigerants Limited IPO attractive is that it has no competitor in India. Bennett, Coleman and co had recently bought a 3.5% stake in Refex Refrigerants Limited. Post IPO, the shares of Refex Refrigerants Limited will be listed only on the Bombay Stock Exchange (BSE). The registrar for the Refex Refrigerants Limited is Chennai based Cameo Corporate Services Limited. For updates on the subscription / oversubscription ratio of Refex Refrigerant Ltd IPO and to know the IPO allotment status, refund details and listing date of Refex Refrigerants Ltd. IPO, do check this blog regularly. The Refex Refrigerants IPO is a small IPO with a very small issue size of only Rs. 25 crores. Hence the Refex Refrigerants IPO is likely to be oversubscribed heavily and thus allotment will be low.

Refex Refrigerants Limited IPO Prospectus
For more information, read the Draft prospectus of the Refex Refrigerants Limited IPO Issue.

14 Jul 07 Simplex Projects IPO Subscription Details : Simplex IPO Oversubscribed by 85.5 times

The Simplex Projects IPO was another IPO which benefited from the IPO mania. Almost all IPO’s are getting oversubscribed by more than 50 times, these days. If you run a pvt ltd company, this seems to be the best time to take it public. The Simplex Projects IPO has been subscribed by about 85.5 times (oversubscribed 84.5 times). The retail investor category in the Simplex Projects IPO got subscribed by about 50 times (oversubscribed by 48.26 times). Institutional investor category in the Simplex Projects IPO has been subscribed by 90.5 times (oversubscribed 89.5 times) and the High Networth Individual category has been subscribed close to a whooping 154 times (oversubscription ratio : 152.8 times). Hence all categories of investors who applied in the Simplex Projects IPO will get allotment only through the lottery system. No matter how many shares applied for or under what category applied for, firm allotment won’t be made. Though those lucky enough to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Simplex Projects Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Simplex Projects Limited is likely to be somewhere in the first week of August. Simplex Projects Limited will list both on the NSE and the BSE. Investors who have invested in the Simplex Projects 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 Simplex Projects 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 Simplex IPO.

14 Jul 07 Central Bank of India IPO

Central Bank of India is coming out with an IPO through the book building process. The Central Bank of India IPO will open for subscription on 24th July 2007 and will close for subscription on 27th July 2007. Central Bank of India has fixed the price band for the IPO between Rs. 85 and Rs. 102 per share. As per the DRHP, Central Bank of India will use the proceeds of the IPO to augment the capital base and CAR in order to meet the capital requirements arising out of the implementation of BASEL II norms. Post IPO, the shares of Central Bank of India will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead managers for the Central Bank of India IPO are ICICI Securities, Citigroup Global Markets India, IDBI capital markets.Kotak investment banking and Enam. The registrar for the Central Bank of India IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of Central Bank of India IPO and to know the IPO allotment status, refund details and listing date of Central Bank of India  IPO, do check this blog regularly. The Central Bank of India IPO issue size is about 850 crores. The Central Bank of India IPO seems to be reasonably priced and is likely to reward investors with good listing gains.

Central Bank of India IPO Prospectus
For more information, read the Draft red herring prospectus of the Central Bank of India IPO Issue.

12 Jul 07 Alpa Labs IPO open for subscription

The Alpa Labs IPO is now open for subscription. The Alpa labs IPO closes for subscription coming tuesday. The price band for the Alpa Labs IPO is Rs. 62 to 68 per share. Alpa Labs plans to use the proceeds of the IPO for expansion purposes. Alpa labs plans to double its production capacity. Expansion will be part financed by loans and from the proceeds from the IPO.

11 Jul 07 Simplex Projects IPO : Apply for Listing Gains

Simplex Projects IPO has received good subscription interest from institutional investors. As of 11th July, the Simplex projects IPO has been oversubscribed by over 3 times. The institutional investor category has been subscribed by 4.4 times while the retail investor category has been subscribed by over 1.84 times. Simplex Projects IPO is likely to provide investors with good listing gains. Apply aggressively at cut off  for listing gains.

11 Jul 07 Everonn IPO subscription Details : Huge Listing Gains, Low Allotment

The Everonn Systems IPO closed for subscription today. The Everonn IPO was subscribed by a whooping 131.5 times. I have never seen an IPO getting oversubscribed by so many times ever in the past 5-6 years. The investment bankers managing the Everonn IPO issue seem to have made a huge mistake in valuation. The Everonn IPO was very under-priced and hence it got lapped up by all categories of investors. I’m glad I didn’t apply in the Everonn IPO, as there is only a very very remote chance of getting allotment. Those lucky enough to get allotment would laugh all the way to the bank when Everonn systems lists on the stock markets.

The retail investor category in the Everonn IPO got subscribed by about 124 times (oversubscribed by about 123 times). Hence all investors who applied in the Everonn Systems IPO will get allotment only through the lottery system. No matter how many shares applied for, firm allotment won’t be made Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Institutional investor category in the Everonn Systems IPO has been subscribed by 93 times (oversubscribed 92 times) and the High Networth Individual category has been subscribed close to a whooping 278 times (oversubscription ratio : 276 times). Overall, the Everonn Systems IPO has been subscribed by 131.5 times (oversubscribed 130.5 times).

Everonn Systems India Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Everonn Systems India Limited is likely to be somewhere in the end of July. Everonn Systems India Limited will list both on the NSE and the BSE. Investors who have invested in the Everonn Systems India IPO can expect to receive the IPO refund in the final week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Everonn 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 Everonn IPO.