Archive for August, 2009
Oil India IPO & OIL industry snapshot….
Oil India IPO: Open and Close Date
· The IPO opens on September 7th and closes on closes on September 11th.
Price band of the IPO
· The price band of Oil India has been fixed between Rs. 950 and Rs. 1,050.
IPO Grade
· CRISIL has graded Oil India 4 out 5, which indicates above average fundamentals.
Business of Oil [...]
Globus spirits IPO will close on 2nd september…
Globus Spirits has opened for subscription with an initial public offering (IPO) of Rs 75 crore. Earlier in 2008, it was scheduled to open its IPO with a price band of Rs 135-148 a share, between February 19-22 and planned to raise Rs 68 crore. The company had withdrawn its IPO due to unfavourable market [...]
Ajanta Group IPO may be in range of R.300-Rs.600 crore…
Ajanta Group will tap the capital market with a public issue to fund its cement plant project. “The size of the IPO may be in the rage of Rs. 300-Rs. 600 crores. The rest will be raised through a mix of internal accruals and debt.
The company plans to set up a cement manufacturing plant with [...]
NHPC IPO listing by the first week of September
Equity share of the public sector utility major, NHPC, is likely to be listed by the first week of September.
The listing of hydro-power producer IPO would get listed in within two weeks.
NHPC issue manager agency, Enam Security, has said that the company is expecting a stellar listing of IPO which was subscribed more than 23 [...]
JSW Energy is fourth power company IPO to join bandwagon…
The action in the primary markets is heating up and the latest to join the bandwagon is JSW Energy. The company plans to raise up to Rs 3,000 crore through the IPO, out of which Rs 2,000 crore will be invested in ongoing projects, aggregating to 2800 mw over the next four years. Including its [...]
Sahara group, is planning to raise up to Rs 5,000 crore IPO by year-end
Sahara Prime City, part of Subrata Roy-led Sahara group, is planning to raise up to Rs 5,000 crore by year-end through an initial public offer, for which it will approach market regulator SEBI later this month.
The company is believed to have engaged a number of investment bankers, including Kotak, Enam and JM Financial, for the [...]
Jindal Cotex will open its IPO from 27th August…
Textile company Jindal Cotex which is coming with over 1.12 crore equity shares will open its initial public offer from 27th August.
The company is coming with 1.24 crore shares for public subscription with price band for the issue at Rs 70-75.
The Ludhiana-based company, at the upper price band expects to garner Rs 93.40 crore, [...]
COX & Kings IPO will offer 1.8 crore equity shares of Rs10 each..
After an 18-month delay, tour operating firm Cox and Kings (India) Ltd on Friday said it has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India or Sebi, in preparation for an initial public offering (IPO) .
· The IPO will offer 1.8 crore equity shares of Rs10 [...]
JSW Energy readies $600 m IPO
Sajjan Jindal-led JSW Energy is looking to come out with its initial public offering (IPO) in the next two months to raise about Rs 3,000 crore for partly funding its expansion plans.
“Provided we get the necessary regulatory approval, we may come out with an IPO in the next two months.
The company had last [...]
Adani Power IPO allotment story….
Adani Power Ltd, a subsidiary of Adani Group, is one of the fastest growing power companies in India.
· Adani Power IPO, which opened in July last, was fully subscribed after its opening at primary market.
· It will be in the interest of investors to learn the allotment and listing strategy of Adani Power IPO
· [...]
