10 Jul 07 DLF bags Bangalore township project?

There are rumours in the market that DLF has bagged a 9000 acre township project in Bangalore. If the rumour turns out to be true, then investors who held the DLF shares alloted in the IPO, till date or bought it after listing, would benefit from the rise in DLF stock prices as and when the announcement is made public by DLF through the stock exchanges. I missed the DLF IPO fearing the IPO was overpriced. But, even though the listing premium of DLF was low, the overall returns offered by the DLF IPO works out to be much higher than many other IPO’s which enjoyed higher listing gains, since in the case of DLF, full allotment was made whereas in the case of other IPO’s the allotment made was very low (due to heavy oversubscription)

10 Jul 07 Simplex Projects IPO Oversubscribed : Apply for listing gains

The Qualified Institutional Buyers category and the Retail Individual Investors category in the Simplex Projects IPO have been oversubscribed on the very first day of the IPO being open for subscription. This shows the investor appetite for the Simplex Projects IPO. Apply aggressively in the Simplex Projects IPO for listing gains. However, if you have limited capital, I suggest you wait till the last date and check the subscription details of the Simplex Projects IPO on the last date. If the Simplex Projects IPO is heavily oversubscribed and your capital is limited, I suggest you save your capital and invest it in the Omaxe IPO. Since the Omaxe IPO is a much larger issue, chances of allotment would be higher. Out of the previous 4 IPO’s that I applied for, I have received allotment only in 1 IPO, all though I applied for the maximum number of shares in all the 4 IPO’s. It is frustrating to have your capital locked up for 3 weeks and receive no returns at all

10 Jul 07 Divis Lab stock split

Divis Lab has informed the stock exchanges that the shareholders of divis labs have approved the stock split of the company’s shares from 1 share of face value Rs. 10 each to 5 shares of face value Rs. 2 each by approving a special resolution through postal ballot. The record date for the stock split is yet to be announced. The shares of Divis Lab rose about 1% today after the announcement was made, in a falling market.

09 Jul 07 Simplex Projects IPO is open for subscription

The Simplex Projects IPO is now open for subscription. The Simplex Projects IPO opened for subscription today (10th July). The IPO will close for subscription on 13th of this month. Simplex projects limited specialises in BOOT projects, especially multi level parking lots. The Simplex Projects IPO looks interesting. However, I’ve run out of capital and hence will take a call on whether to invest in either Everonn IPO or Simplex Projects IPO on wednesday (tomorrow afternoon) based on the subscription details of Everonn IPO. Personally, I feel Everonn IPO will be oversubscribed heavily and hence allotment will be tough (almost impossible) to get. If such a case does happen, I would prefer preserving my capital to invest in the Simplex Projects IPO. I recommend investors to set aside Rs. 1 lakh for the Omaxe IPO which opens on 17th.

09 Jul 07 Omaxe Limited IPO opens for Subscription on 17th

Omaxe Limited, a leading Indian Real Estate Company, is coming out with an IPO through the book building route. Omaxe Limited IPO will open for subscription on 17th July 2007 and will close for subscription on 20 July 2007. Omaxe Limited has fixed the price band for the IPO between Rs. 265 and Rs. 310 per share. As per the DRHP, Omaxe Limited will use the proceeds of the IPO for acquiring land, for repaying loans and for meeting the expenses of various projects carried out by Omaxe Limited. Omaxe Limited has a land bank of over 3000 acres and is currently developing over 45 projects across 30 cities in 9 states in India. The investment bankers managing the Omaxe IPO are presently conducting roadshows in India and abroad. One could spot Omaxe IPO advertisements in TV, newspapers and hoardings. Apart from this I also noticed Omaxe IPO ads, in Mumbai, at the back of 100’s of ‘BEST’ buses. Looks like Omaxe is following a very aggressive advertisement strategy. Post IPO, the shares of Omaxe Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead managers for the Omaxe IPO are DSP Merrill Lynch Ltd, Citigroup Global Markets India, UBS Securities India and JM Morgan Stanley. The registrar for the Omaxe IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of Omaxe Ltd IPO and to know the IPO allotment status, refund details and listing date of Omaxe ltd. IPO, do check this blog regularly. The Omaxe IPO issue size is roughly about 550 crores and there is a green shoe option of about 10% of the issue size. The Omaxe IPO seems to be reasonably priced and is likely to reward investors with good listing gains.

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

09 Jul 07 Everonn Systems IPO Subscription Details : IPO Oversubscribed 2.12 times

The Everonn Systems IPO has been subscribed 3.12 times as of Monday. With two more days still left for subscription, I won’t be suprised if the Everonn Systems IPO gets oversubscribed by more than 30-40 times. The issue size of Everonn Systems IPO is just 50 crores and hence the IPO is likely to get oversubscribed heavily. Also, looking at the listing gains offered by some IPO’s which got listed recently in the stock market, more and more people have started investing in IPO’s. The retail investor category in the Everonn Systems IPO has been subscribed by 3.14 times while the institutional investor category has been subscribed by about 4 times.

09 Jul 07 Everonn Systems IPO : Apply for Listing Gains – Chances of Allotment likely to be Low

The Everonn Systems IPO subscription details as of Monday looks very encouraging. Everonn Systems is likely to be heavily oversubscribed and hence will provide huge gains on listing. However, looking at the investor appetite for the Everonn Systems IPO and considering the fact that the issue size is just 50 crores, chances of allotment will be very low. Apply for the maximum quantity that can be applied under the retail investor category to increase your chances of getting allotment. Those who have access to the grey market can consider buying the shares of Everonn Systems in the grey, market provided the price is reasonable. One thing is for sure, on the listing date, Everonn Systems is likely to provide huge listing gains for those lucky enough to get allotment.

09 Jul 07 Nucleus Software fixes Record Date for Issue of Bonus shares

Nucleus Software has informed the stock exchanges that the board of directors of Nucleus Software have fixed the record date for the purpose of issuing bonus shares. The record date for the bonus issue is August 06, 2007. Nucleus Software will issue bonus shares to its shareholders in the ratio of 1:1 (1 bonus share for every 1 share held). The shares of Nucleus Software rose after the announcement was made.

08 Jul 07 Right Time for Investing in the Stock Market? SENSEX to cross 50000 mark by 2020!

Nifty and Sensex touched all-time highs last week. Indian companies are rushing in to tap the capital markets and raise funds. The price of crude is rising. Interest rates have risen tremendously. Looking at the various macro economic indicators, one wonders if this is the right time for investing in the stock market. Will there be enough liquidity in the system to lap up the new public issues? Do rising crude prices and rising interest rates signal the end of the bull run? No, says Morgan Stanley.

Morgan Stanley believes SENSEX will touch 50,000 by 2020. Most people would laugh this out. At the moment a target of 50000 for the sensex seems impossible. I had the same feeling a few years back when I saw an interview of Rakesh Jhunjhunwala on CNBC predicting a target of 12000-15000 for the SENSEX when the SENSEX was below 6000. Everybody including the anchor of the show laughed it out thinking Jhunjhunwala was just trying to be humourous. But he wasn’t. He was damn serious. Last week the SENSEX reached his target of 15000. When SENSEX first hit the 12000 mark, Jhunjhunwala revised his target to 25000. Now Morgan Stanley has indicated a target of 50000 for the SENSEX. If Indian companies continue to grow at the pace they are presently growing at, SENSEX will cross 50000 much sooner than 2020. My top 3 picks continue to remain

1. Larsen & Toubro
2. BHEL (and)
3. IVRCL Infrastructures

07 Jul 07 Alpa Laboratories Limited IPO

Alpa Laboratories Limited is all set to tap the capital markets with an IPO opening for subscription on 12 July 2007. Alpa Laboratories Limited is a drug formulation company. The Alpa Laboratories Limited IPO opens for subscription on Tuesday, 12 July 2007 and closes for subscription on 17 July 2007. Alpa Laboratories Limited has priced its IPO between Rs. 62 and Rs. 68 and the IPO lot size is 100 shares. Hence retail investors can apply for a minimum of 100 shares and a maximum of 1400 shares in the Alpa Laboratories IPO. The IPO issue size of Alpa Laboratories IPO is about 60 crores. The proceeds from the IPO will be used by Alpa Laboratories Limited for starting a new plant to increase production (thereby catering to the higher demand) and for meeting its working capital requirements. Post IPO, the shares of Alpa Laboratories Limited will be listed on the National stock exchange (NSE) and the stock exchange, Mumbai (BSE). The lead manager for Alpa Laboratories IPO is Allianz Securities Ltd. The registrar for the Alpa Laboratories IPO is Bigshare services. For updates on the subscription / oversubscription ratio of Alpa Laboratories IPO and to know the allotment status, refund details and listing date of Alpa Laboratories IPO, do check this blog regularly.

Alpa Laboratories Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Alpa Laboratories Limited IPO Issue.

07 Jul 07 Simplex Projects Limited IPO opens for subscription on tuesday

Simplex Projects Limited is all set to tap the capital markets with an IPO opening for subscription on 10 July 2007. Simplex Projects Limited is a leading Kolkatta based infrastructure and construction company. Simplex Projects Limited has a large client base (which includes the likes of DLF) and an order book exceeding Rs. 300 crores. This gives good earnings visibility for Simplex Projects Limited. Simplex Projects Limited is engaged in construction of bridges, water supply / sewage facilities and car parks. Recently, Simplex Projects Limited received orders from DLF to build parking lots in its malls. The Simplex Projects IPO opens for subscription on Tuesday, 10 July 2007 and closes for subscription on 13 July 2007. Simplex Projects Limited has priced its IPO between Rs. 170 and Rs. 185 and the IPO lot size is 30 shares. Hence retail investors can apply for a minimum of 30 shares and a maximum of 540 shares in the Simplex Projects IPO. The IPO issue size of Simplex Projects IPO is pretty small at about 55.5 crores. The proceeds from the IPO will be used by Simplex Projects Limited for meeting its capital expenditure and working capital requirements. Post IPO, the shares of Simplex Projects Limited will be listed on the National stock exchange (NSE) and the stock exchange, Mumbai (BSE). The lead manager for Simplex Projects IPO is UTI Securities Ltd. The registrar for the Simplex Projects IPO is Centrum. For updates on the subscription / oversubscription ratio of Simplex Projects IPO and to know the allotment status, refund details and listing date of Simplex Projects IPO, do check this blog regularly.

Simplex Projects Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Simplex Projects Limited IPO Issue.

07 Jul 07 Allied Digital Services IPO Subscription details : Huge Listing Gains likely for those lucky to get allotment

The subscription for the Allied Digital Services IPO has ended. Allied Digital Services IPO has performed extremely well. Overall, the Allied Digital Services IPO has been subscribed by 61 times (oversubscribed 60 times). Retail category has been subscribed by more than 38 times (oversubscribed by 37 times). Hence all investors who applied in the Allied Digital Services IPO will get allotment only through the lottery system. No matter how many shares applied for, firm allotment won’t be made. I applied in the Allied Digital Services IPO hoping for listing gains. But looking at the subscription data I have lost hope of getting any allotment. Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Institutional investor category in the Allied Digital Services IPO has been subscribed by 74 times (oversubscribed 73 times) and the High Networth Individual category has been subscribed by 88.7 times (oversubscription ratio : 87.7 times)

Allied Digital Services 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 Allied Digital Services Limited is likely to be somewhere in the end of July. Allied Digital Services Limited will list both on the NSE and the BSE. Investors who have invested in the Allied Digital Services 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 Allied Digital Services 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 Allied Digital Services IPO.

06 Jul 07 Roman Tarmat Limited Listing Date

After its successful IPO, Roman Tarmat Limited will list on the national stock exchange (NSE) and the bombay stock exchange (BSE) on monday. The Roman Tarmat IPO price was fixed at the higher end of the price band at Rs. 175. Roman Tarmat Limited is expected to list at a heavy premium to the IPO issue price. Good luck to all those who have received allotment and are looking to sell the shares at listing for listing gains.

06 Jul 07 Television Eighteen (TV18) to issue bonus shares

The board of directors of Television Eighteen Limited (TV18) have recommended an issue of bonus shares in the ratio of 1 : 1 (1 bonus share for every 1 share held), to the existing shareholders of Television Eighteen Limited (TV18) as appearing in the company’s register of shareholders, on the record date, which will be announced in a few days time. The bonus issue will be made by capitalising the free reserves of Television Eighteen Limited (TV18).

04 Jul 07 HDIL IPO Subscription Details

The subscription for HDIL IPO has ended. The HDIL IPO has performed pretty well. HDIL IPO has been subscribed by 6.6 times (oversubscribed 5.6 times). Retail category has been subscribed by only 1.59 times (oversubscribed by 0.59 times). Hence all retail investors who have applied for 28 shares or more in the HDIL IPO will receive firm allotment.  Institutional investor category in the HDIL IPO has been subscribed by over 10.13 times (oversubscribed 9.13 times) and the High Networth Individual category has been subscribed by 1.78 times (oversubscription ratio : 0.78 times).

I feel HDIL IPO will have a pretty decent listing and will provide moderate listing gains for those who have applied in the HDIL IPO. The listing date of  HDIL is likely to be somewhere in the fourth week of July. HDIL will list both on the NSE and the BSE. Investors who have invested in the HDIL IPO can expect to receive the IPO refund in the third week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of HDIL IPO and the details for checking the allotment status online will be posted here as soon as they are available.