IPO Update

Anu's Laboratories To Enter Capital Market Today

Anu’s Laboratories Limited will enter capital market today (May 12) with its Anu's Laboratoriesinitial public offering (IPO) of 38.20 lakh equity shares of Rs 10 each through 100% book building process.

The price band has been fixed Rs 200-Rs 210 per share. The issue will open for subscription between May 12 and May 15, 2008.

The issue has reserved around 2,00,000 equity shares for eligible employees, whereas the net issue to the public will be 36,20,000 equity shares, constituting 31.63% of the fully diluted post issue paid-up capital of the company.

Neoteric Infomatique files DRHP with SEBI for 6.97 million equity shares

Neoteric Infomatique files DRHP with SEBINeoteric Infomatique, a Mumbai-based company has filed the draft red herring prospectus (DRHP) with market regulator, Securities and Exchange Board of India (SEBI) to tap the capital market with an initial public offering (IPO) of 6.97 million equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

More Asian companies expected to tap IPO market

Singapore - More than 2,900 Asian companies have raised nearly 500 billion US dollars in equity through initial public offerings since 1990, and the region's IPO market is expected to keep up its rapid growth, a Citigroup report said Tuesday.

It cited a shift toward professional investment management of household savings, driving demand for share investments and the introduction of innovative listing vehicles such as property, business and infrastructure trusts.

The rapid economic growth of many Asian economies has prompted companies to raise money for expansion, and more families are seeking to cash in on the value of their businesses, Citigroup analysts said in the report.

Kiri Dyes Lists At Rs 184 On NSE

As against its issue price of Rs 150, the shares of Kiri Dyes and Chemicals, Kiri Dyesan Ahmedabad based manufacturer of reactive dyes and dye intermediates, got listed at Rs 184 on the Bombay Stock exchange (BSE).

At 10:02 am, the stock was trading at Rs 198.65, up 32.43 per cent or Rs 48.65. The total traded quantity was 10,04,016 shares. It touched an intraday high of Rs 228.70 and a low of Rs 184.

On the BSE, the stock stood at Rs 198.10, up 32.06% on volume of 9,83,897 shares. It touched a high of Rs 204 and low of Rs 151 in early trade.

NHPC IPO By August; Plans Hydro Projects In J&K

The country’s biggest hydro power utility National Hydroelectric Power NHPCCorporation (NHPC) is all set to hit the market with an initial public offering (IPO) by August 2008.

Jairam Ramesh, Minister of State for Power declared that there will be no further postponement in the IPO launching as it is very critical for the company’s success.

Mr. Ramesh also stated that the company will be granted a mini-ratna status.

Initially, the IPO was scheduled for last year, but it got delayed because of the lack independent directors on the board. Appointment of non-official directors is a compulsory condition for any company to float an IPO.

Gammon Infrastructure slips 5% on listing day

Shares of the Mumbai-based, Gammon Infrastructure Project Limited (GIPL), got listed today at a premium of 7.78%, or at Rs 180 as against its issue price of Rs 167 a share on the Bombay Stock exchange (BSE).

The company had entered capital market with its initial public offering (IPO) of 1,65,50,000 equity shares of par value Rs 10 each. The issue had subscribed 3.48 times.

GIPL undertakes and develops projects such as roads, bridges, ports, hydroelectric power and biomass power projects on a PPP basis. GIPL also provides O&M and project advisory services for projects which are being undertaken by the project specific companies.

Indiabulls Securities Lists @ Rs 300 On BSE

Brokerage firm Indiabulls Securities Ltd, which was spun-off from flagship Indiabulls Financial Services Ltd last year, has got listed at the stock exchange today.

The shares of the company got listed at Rs 300 per share on the Bombay Stock Exchange (BSE).

After opening at Rs 300, which was also its intra-day peak, the shares touched a low of Rs 110 on the BSE.

On the other hand, the scrip opened at Rs 250 on the National Stock Exchange (NSE), and afterward it came down to touch a low of Rs 100.20.

More than 65.55 lakh shares have changed hands on both the bourses.

Under the scheme of arrangement, stockholders of Indiabulls Financial got one share of the brokerage for every share held in IBFSL.

RITES files DRHP with market regulator for 1.40-crore share IPO

State-run RITES, has finally filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an initial public offering (IPO) of 1,40,00,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

The issue comprises a net issue to the public of up to 126,00,000 equity shares and a reservation of up to 14,00,000 equity shares for subscription by eligible employees.

The issue will constitute 28% of the fully diluted post issue capital of the PSU.

RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways.

GSS America Infotech Soars 25% On Listing Day

The shares of Hyderabad-based IT solution provider GSS America Infotech, on Friday, ended at RsGSS America Infotech 500.80 on the National Stock Exchange (NSE), with 25.16% premium over the issue price of Rs 400.

The scrip has touched a high of Rs 540 and low of Rs 370. The total volume of the shares traded in the NSE counter stood at 1,06,21,014.

The stock marked its closure at Rs 500.65 after touching an intraday high of Rs 508 and a low of Rs 400 on the BSE. Around 1,39,80,284 shares has been traded so far.

GSS America Debuts At Rs 400 On BSE

Shares of Hyderabad-based IT solution provider GSS America Infotech has GSS Americagot listed at its issue price of Rs 400 per share on the Bombay Stock Exchange (BSE).

The scrip has touched a high of Rs 475 and low of Rs 400 in early trading. In early trading (9.56 a.m.), the scrip was trading at Rs 448.30, and around 358,444 shares changed hands on BSE.

The company entered capital market through a public issue of 34,97,495 equity shares at a price band of Rs 400 a share. The issue got subscribed about 1.08 times.

J Kumar Infra slips 7% on listing day; wins order worth Rs. 170 crore

J Kumar Infraprojects Limited (JKIL) got listed today at Rs. 100, down Rs. 10 or 9.09% on the BSE against an offer price of Rs. 110 per share.

The company had fixed the issue price at Rs 110, to raise Rs 715 million. The issue was open for subscription from Jan. 18, 2008, to Jan. 23, 2008.

JKIL`s core areas of expertise in the construction of infrastructure projects include: transportation engineering, civil construction, irrigation projects and piling work using hydraulic piling rigs.

The proceeds from this issue are intended to be deployed for the purchase of capital equipments and for funding working capital requirements.

Wockhardt IPO Opens Today!

wockhardt_hospitals_mumbaiMumbai: The Mumbai-based hospital-major, Wockhardt Hospitals’ initial public offering (IPO) will open for subscription today. The issue that had been cut in size did not open for subscription as scheduled on Thursday after the stock exchanges asked for a letter from the capital markets regulator before giving the nod.

SEBI’s approval was pending because the company had issued a statement late in the evening on January 30, revising the price band.

Consequently, Wockhardt has become the first company to revise its issue size and price band post the recent plunge in equity markets.

Reliance Power IPO makes new records, subscribed 73 times

India's biggest IPO offer by Reliance Power, a part of the Anil Dhirubhai Ambani Group (ADAG), was subscribed 72.58 times as at 6 p.m. on Friday according to the statistics released by National Stock Exchange. The IPO has generated a new record demand with collections of over Rs. 7, 50,000 crore.  The previous highest demand was for the Mundra Port SEZ issue at Rs 2, 03,708 crore.

The issue has received bids for 16.55 billion equity shares as against 22.8 crore shares on offer. The QIBs reserved portion subscribed nearly 80 times, non institutional investors 200 times and retail 15 times.

OnMobile Global IPO opens on January 24, fixes price band between Rs. 425 and 450 per share

India’s largest mobile Value Added Services (VAS) company, OnMobile Global will enter the capital market with an IPO of 10,900,545 equity shares of Rs 10 each for cash at a price to be determined through a book building process (issue).

The company has fixed price band between Rs 425 and Rs 450 per equity share. The issue opens on January 24 and closes on January 29.

The issue has been graded above average by CRISIL and has been assigned a grade of 4/5. The issue would constitute 18.99% of fully diluted post issue paid-up capital of the company.
The company incorporated in 2000, by OMSI, which was an incubated startup of Infosys Technologies, the

Wockhardt Hospital fixes IPO price band; Fitch rating agency assigns IPO grade 4/5

India’s largest private healthcare services company, Wockhardt Hospitals Limited has fixed the Price Band between Rs 280 and Rs 310 per equity share for its initial public offering (“IPO”) of 2.51 crore equity shares of Rs 10 each for cash at a price determined through a 100% book building process.

The proposed IPO of Wockhardt Hospitals has been assigned an IPO grade of 4 out of 5 by rating agency, Fitch Ratings India. The company has filed a Red Herring Prospectus (“RHP”) with the Registrar of Companies, Maharashtra, at Mumbai, on January 17, 2008.

Porwal Auto Components debuts at 6% premium on BSE

The shares of Porwal Auto Components Ltd.Porwal Auto Components managed to get listed today at Rs. 79.85 on the BSE. The shares attracted a marginal premium of 6.46% or Rs. 4.85 compared to its issue price of Rs 75.

The company had come out with an initial public offer of 50 lakh shares of Rs 10 each. The issue subscribed just 1.03 times due to lack of interest from investors. The price band of the Rs 10 face value share was Rs 68-75 per share. The company raised more than Rs 34 crore.

Future Group not to list ‘Big Bazaar’ yet

Kishore Biyani promoted Future Group is looking to manage its hypermarket format ‘Big Bazaar’ as a separate entity.

"We are looking at various possibilities to hive off Big Bazaar and the decision would be taken very soon," said Kishore Biyani, CEO of Future group.

Talking about the group's revenue target, Mr. Biyani said that Big Bazaar has annualized revenue of about Rs 4,000 crore (USD 1 billion) which  will should be between Rs 6,000 crore and Rs 7,000 crore in the next year.

Reliance Power IPO To Debut On January 15

Anil AmbaniReliance Power, a subsidiary of Reliance Energy, has finally fixed the price range for its IPO at Rs 405 - 450 per share.

The issue will open on January 15, 2008 and close on January 18, 2008, an official release said.

The IPO estimated to raise between Rs 10,500 crore to Rs 11,700 crore with the sale of 26 crores shares in the public offer, making it the biggest ever IPO proceeds in India.

BGR Energy Debuts At 75% Premium On NSE

BGR EnergyThe shares of BGR Energy Systems got listed today (3 Jan) at Rs. 840 on the NSE, at 75% premium up from its issue price of Rs. 480.

eClerx Services Debuts At Rs 375 On BSE

The shares of eClerxeClerx Services Ltd, has got listed today at Rs 375 on the Bombay Stock Exchange (BSE), up 19.1% as against its issue price of Rs 315 per share

In early trading (9:56 a.m), the company’s were trading at Rs 370 on BSE. The shares also touched a high of Rs 390.

Incorporated in 2000, ESL offers data analytics and customized process solutions to international customers via three offshore delivery centres in Mumbai. It was promoted by PD Mundhra and Anjan Malik.

The company had lifted around Rs 5.94 billion through an initial public offering (IPO) of 18.87 million shares.




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