Man Industries has informed the stock exchanges that the board of Man Industries has fixed the record date for the Stock Split. The Man Industries Stock Split Record date is October 16, 2007. Man Industries is a leading player in the piping industry and is involved in laying/making oil and gas pipelines in India and abroad. The share prices of Man Industries zoomed as soon as the Stock Split Record Date announcement was made.
There will be a change in both the NSE and BSE market timings from September 25, 2007 to October 09, 2007 due to sun outage, which affects V-SAT connectivity in India. NSE and BSEÃ‚Â will open at 9.55 AM as usual but will remain open till 4.15 in the evening (instead of the usual 3.30 pm). There will be a break (pause) in trading between 11.25 and 12.10 in the noon. BSE closing session will beÃ‚Â from 04:25 PM to 04:45 PM and the NSE closing session will be from 04:35 PM to 04:45 PM.
There were rumours today that GAIL India was likely to issue bonus shares. The bonus issue rumours in the Gail counter today propelled gail to a record high. As per the rumours the issue of bonus shares was discussed at the meeting of inter ministerial comittee (IMC). As per the rumours, DPE guidlines stated that theÃ‚Â central government owned public sector enterprises having reserves and surplus of more than three times of their paid up capital are expected to declare bonus shares to their shareholders. Since GAIL meets these guidelines, the board of Gail is likely to come out with an issue of bonus shares.
Koutons Retail IPO Allotment date has not yet been announced. Allotment for Koutons Retail IPO will be finalised in the coming week and will be available online on the second week of next month. Koutons Retail IPO allotment date will be updated here as soon as it is announced. Allotment for retail investors would be on a firm basis for those who have applied for maximum quantity under the retail investor category. For others allotment will be made basedÃ‚Â on the lottery system.
Consolidated Construction IPO (CCCL IPO)Ã‚Â Allotment Date has not yet been announced. Consolidated Construction Corporation IPO (CCCL IPO)Ã‚Â Allotment Date will be updated here as soon as it is announced. Allotment chances for retail investors will be high in the Consolidated Construction IPO since the retail investor category has not been heavily subscribed in the CCL IPO.
Consolidated Construction IPO closed for subscription yesterday. From the finalÃ‚Â subscription statistics, it looks like CCCL IPO would have been a better choice for investors investing for listing gainsÃ‚Â compared to Koutons retail IPO. This is because in the case of Consolidated Construction IPO allotment will be much higher than Koutons Retail IPO and the total IPO oversubscription is also higher in the case of Consolidated Construction IPO than Koutons retail IPO. Overall Consolidated Construction IPO (CCL IPO) has be oversubscribed by about 81 times compared to 45 times IPO subscription that Koutons retail IPO managed to generate. The institutional investors category in the Consolidated Construction IPO has been oversubscribed by about 117 times while the retail investors category has seen a IPO subscriptionÃ‚Â of about 12.5 times. Retail investors who applied in the Consolidated Construction IPO can expect decent allotment and high listing gains. For updates on the IPO allotment status, refund details and listing date of CCCL IPO, do check this blog regularly.
With the listing date of Power Grid IPO nearing, the activity in the power gird counter in the grey market is seeing a huge rise. The Power Grid IPO Grey Market Premium in the IPO grey market of Ahmedabad is Rs. 50 per share. On the Delhi grey market, Power Grid IPO is quoting a premium of Rs. 54 per share. Power Grid IPO is likely to generate excellent listing gains for investors who applied in the IPO.
United Breweries a Vijay Mallya (UB) group company has informed the stock markets today that the board of United Breweries (UB) will meet on 28 September 2007 to consider a rights issue. The United Breweries Rights Issue is expected to raise about 475 crores. After the rights issue announcement was made public, the shares of United Breweries soared by about 10% today.
Supreme Infra IPO opened for subscription today. With the Koutons retail IPO and CCCL IPO doing pretty well, the Supreme Infra IPO is also likely to perform very well. Supreme Infra IPO will remain open for subscription till 26 September, 2007. The IPO lot size is 60 shares. Apply for the maximum quantity to increase the chances of getting allotment in the Supreme Infra IPO.
The Consolidated Construction Consortium IPOÃ‚Â has been the dark horse this season. The CCCL IPO has silently notched up impressive subscription numbers. As of the penultimate day, the Consolidated Construction IPO has been subscribed by about 8.5 times. The institutional investor category in the Consolidated Construction IPO has been subscribed by about 14 times. CCCL IPO is sure to give high listing gains. Apply aggressively in the Consolidated Construction Consortium IPO for listing gains.
The Ashapura Minechem bonus issue has been approved today. The shareholders of Ashapura Minechem, today approved the issue of bonus shares. A few weeks back the board of Ashapura Minechem had recommended an issue of bonus shares to the shareholders of Ashapura Minechem in the ratio of 1:1 (1 bonus share for every 1 share held in the company). The Ashapura Minechem share prices were up by 5% after the announcement was made.
Larsen and Toubro (L&T) plans to acquire a stake in Feedback Ventures, an integrated infrastructure services company. DLF, HDFC and IDFC are some of the other shareholders of Feedback Ventures. L&T is likely to acquire stake in Feedback Ventures through L&T Infrastructure finance which is the investment vehicle for the Larsen and Toubro group. The share prices of L&T have zoomed following this news.
ONGC board said it will consider an issue of bonus shares and stock split at an appropriate time. At the ONGC AGM yesterday, some shareholders started shouting slogans asking for a bonus issue and stock split. Responding to this, the managing director of ONGC told the shareholders that the board of ONGC will consider the bonus issue and the stock split. As soon as this statement was made, the share prices of ONGC zoomed up on the stock exchanges.
Magnum Ventures IPO listed today in the Indian stock markets. Magnum Ventures IPO listed at Rs. 47.7 on the NSE. Soon after listing, Magnum Ventures touched a high of Rs. 66.9. Magnum Ventures is now trading flat around the Rs. 60 mark. The day low on NSE was Rs. 35.7. The IPO issue price of Magnum Ventures IPO was Rs. 30 and investors who invested in the IPO would now be a very happy lot.
The Indian stock markets have hit another new all time high. The 16000 peak has finally been successfully scaled. Investing in the stock market won’t be easy from here on. Rakesh Jhunjhunwala came on TV today and gave his piece of advise to investors. He said Indian stock market has exellent potential but investors should not expect to get the kind of returns that they have got in the last 3 years. The Indian stock market has quadripiled with SENSEX going fromÃ‚Â 4000 to 16000 in the last 3 years. However, Rakesh Jhunjhunwala says a similar return cannot be expectued from here on adding that he doesn’t see the sensex near 64000, atleast not during his lifetime. From here on there would be stock specific rallies and hence investors investing in the stock markets need to pay more attention to the kind of stocks that they pick. The quality of portfolio will matter a lot. I feel retail, capital goods and construction sectors areÃ‚Â looking good at the moment.