Archive for March, 2008
UTI Asset Management IPO Graded 4/5 by CRISIL
Background about UTI Asset Management company: UTI Asset Management Company was formed as a result of the bifurcation of the erstwhile Unit Trust of India into two entities in October 2002. UTI AMC, in its new form, commenced operations with effect from February 1, 2003. Four government-owned sponsors – State Bank of India, LIC, Punjab [...]
Credit crunch causes problems in loans market
The loan and mortgage market is continuing to suffer problems as a result of the global credit crunch that swept across the UK last year, making it difficult for consumers to get affordable deals on loans and mortgages in many cases. The availability of sub-prime mortgages for those with bad credit has declined significantly over [...]
Gammon Infrastructure fixes issue price at Rs 167
Gammon Infrastructure Projects (GIPL), an infrastructure project development company promoted by the 85-year old Gammon Group, has fixed the issue price at Rs 167 for its initial public offering (IPO) of 1,65,50,000 equity shares of par value Rs 10 each for the above issue price determined through the 100% book building process. The issue closed [...]
Would you wait for 20 Microns IPO, they filed DRHP
Looking at the current market condition, the answer will be NO. But by the time they come up the IPO in market, things would be smoother I believe. 20 Microns, one of the pioneers in the micronised minerals and trend setter in the market for usage of ultrafine minerals ranging from 20 microns to 2 [...]
Retail Investors Liked Sita Shree Food Products IPO More Than Gammon Infra IPO
Gammon Infrastructure Projects Limited (GIPL) IPO had a final over subscription number of 3.48 times. Sita Shree Food IPO closed yesterday got oversubscribed by 2.44 times. Both these IPOs would need to go for lottery system to allot shares to investors. In Sita Shree Food Products IPO, QIBs were not interested much but most of [...]
Buy Calls: An investment can be considered in BHEL
An investment can be considered in the stock of Bharat Heavy Electricals (BHEL). Strong order-book, ongoing capacity expansion to meet Twelfth Plan target, entry into new business segments and efforts to tackle competition in the super-critical plants are factors that enhance prospects for earnings growth over the medium term. However, given the near-term capacity constraints, [...]
Titagarh Wagons IPO opens on Mar 24, 2008
Titagarh Wagons is a leading private sector wagon manufacturer in India. It manufactures railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc. It is an Industry Partner to defense Research and Development Organization, Ministry of defense, manufactures special purpose wagons, shelters and other [...]
