Archive for January, 2010
Vascon Engineers IPO Valuation
Strengths
Strong and diverse EPC order backlog of Rs 3227.08 crore spread over 70 projects/ contracts as of December 31, 2009. Of the total order backlog, about 37.6% (or Rs 1214.74 crore in 47 projects) are third party contracts and the balance 62.4% are captive contracts from the realty business, amounting to Rs 2012.34 crore, spread [...]
How can one apply for an IPO?
How can one apply for an IPO?
An investor needs to first obtain an IPO application form through a share broker, an investment consultant or from the collecting banks. The investors are required to fill up the form and remit the amount after calculating the number of shares applied for in the bank, which has been [...]
Mounteverest Trading & Investment Bonus Issue
Mounteverest Trading & Investment Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 03, 2010 to consider issue of bonus shares. Earlier they had announced on 21st January 2010 to decide on the bonus issue in yesterday’s meeting.
Mounteverest Trading & Investment Ltd board considered [...]
K M Sugar Mills Approves Stock Split
As we talked about K M Sugar Mill’s stock split plans, K.M.Sugar Mills Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on January 29, 2010 has approved to split One Equity shares of Rs. 10/- each in to Five equity shares of Rs. 2 each.
Unity Infraprojects Stock Split Approved
We had announced Unity Infraprojects stock split news on 21st Jan. Unity Infraprojects has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2010, have approved sub-division (stock split) of existing 1,48,17,476 equity Shares of Rs. 10/- each to 7,40,87,380 equity Shares of Rs. 2/- each (In [...]
What are eligibility norms for making an IPO?
What are eligibility norms for making an IPO?
Sebi has laid down eligibility norms for entities planning to enter the primary market through public issues. An unlisted company needs to satisfy following criteria to be eligible for making a public issue:
a) Net tangible assets of at least Rs 3 crore for three full years
b) Distributable profits [...]
What are primary/secondary market transactions?
What are primary/secondary market transactions?
Primary market transaction is usually referred to the purchase of shares in an IPO. The purchases are made through applications for the shares on a prescribed form. Once the shares are allotted, the share transactions are carried out in secondary market or stock exchanges. Secondary market transactions refer to those transactions [...]
Crompton Greaves bonus issue approved
Crompton Greaves jumped 6.72% as net profit rose 60% to Rs 135.43 crore on a 14% increase in total income to Rs 1240.47 crore in Q3 December 2009 over Q3 December 2008. The result was announced during trading hours today, 28 January 2010.
Meanwhile, the company’s board recommended issuing three bonus shares for every four [...]
SREI Infra bonus issue approved
SREI Infra board has approved a bonus issue of four shares for every five shares held in the company, it said in a statement to the stock exchange. It’s the ratio of 5:4.
IVRCL Bonus Issue
IVRCL Infrastructures and Projects Limited (IVRCL) on Thursday declared bonus issue of equity shares in the ratio of 1:1 capitalising Rs 26.70 crore out of its free reserves. IVRCL recorded a turnover of Rs 3613 crore for the nine month period ending December 2009 against Rs 3312 crore for the same period last year, the [...]
