Richa Knits IPO allotment Status

• Author: Ganapathy
• Filed under: IPO
• Date: Sep 30,2006

Richa Knits IPO Allotment status can be checked here .
They might have just enabled it or something just try after some time if you dint get any results.

Development Credit Bank IPO – DCB IPO – To Apply or Not to

• Author: Subramanian
• Filed under: IPO
• Date: Sep 30,2006

Development Credit Bank IPO is priced at Rs 22-26/share , ok first is the price cheaper or costly with the profit they had on the last QTR FY06 Price to Adjusted Book Value of 2.7x on 22 rs and 3.2x on the 26 rs. If you see other private banks in the list they are availabl;e the same below 3.5x PE so that bieng the case i would say the rate is not that cheap.

DCB – Stakeholders
The Aga Khan Fund for Economic Development (AKFED) an institution that supports economic development activities in the Third World, is the largest single shareholder and holds 58.43% of DCB’s equity. In all DCB has around 50,000 shareholders and over 550,000 customers.
So coming back to the issue : Development Credit Bank IPO is open and is priced at Rs.22 to Rs. 26 per share. The Bank is issuing 7.15 crore of shares to the public to raise between Rs.157 crore to Rs. 186cr of Tier 1 capital.
Issue Snapshot
- Issue of 7.15 crore shares
- Price Band of Rs 22- Rs 26
- Net Issue to the public 6.89 crore shares
- Post – Issue capital of Rs. 147.63 crore
- Expected to mobilize around 157-186 crore with the issue
Allotment % after IPO
- 50% of the net issue offered to QIBs
- 15% of the net issue offered to HNIs
- 35% of the net issue available for retail investors
Promoters Stake
- Promoter’s holding pre-issue – 58.43%
- Promoter’s holding post issue – 30.13%
Risk Factor :
- The bank has reported losses and a negative cashflow for the last three years
Positive Factor :
-Bank has showed loss for three years but after change in management the Bank reported a profit of Rs. 4.34 crore.
Financial Details :
Q1 FY06 Vs Q1 FY05
- Net Profit Rs 4.34 crore Vs (Rs 24.1) crore
- NII Rs 227.2 crore Vs Rs 155.05 crore
- Gross NPA 14.51% Vs 14.38%
- Net NPA 4.05% Vs 6.36%
- Adjusted Book Value of Rs 8/share

Market Closed at 12450 – 50 more points to 12500

• Author: Ganapathy
• Filed under: india
• Date: Sep 30,2006

Market closed higher again almost just little over 50 points to reach 12500 points not sure what had happened between may and now to come back to how it was before may anyway if the Q2 and halyearly resuts are promising we can easily see this breach the 13000 level sooner in a month.It ended up 0.6% or 73.68 points at 12454, while the Nifty gained 0.5% to close at 3588 points.
BSE Metal Index up 2%. SAIL was up 3.5% & Tata Steel up 3.2%.
BSE Auto Index ended up 1.8%, with Maruti up 4.1% & Bajaj Auto & Tata Motors up over 2%.
BSE FMCG Index ended up 1.4%, with ITC up 1.9% & Bata up 7.6%.

Gayatri Projects Ltd IPO subscription Details.

• Author: Ganapathy
• Filed under: IPO
• Date: Sep 30,2006

Total Issue Size: 2900000 shares.
Total Bids Received:17064080 shares.
No. of times issue is subscribed: 5.88 times.
1)Qualified Institutional Buyers (QIBs): 8.2183 times.
2)Non Institutional Investors: 3.1221 times.
3)Retail Individual Investors (RIIs): 4.2313 times.
4)Employee Reservation:1.0048 times.
We can expect this to atleast return a 25% gain on listing , given the time its listing market should be performing well.

Euro Ceramics Limited IPO Files with Sebi for Redherring Document.

• Author: Ganapathy
• Filed under: IPO
• Date: Sep 30,2006

India’s leading vitrified tile manufacturer having technology from Sacmi of Italy – World leaders in Ceramic manufacturing technology confirming & exceeding all European norms.Euro has become preferred supplier for corporate majors, architects, builders and high end home owners.Testimony of Premium VJTI Institute & ISO9001:2000 Certified Company.Being exported to several countries.

AMD Metplast Limited IPO Files with SEBI for Redherring Document.

• Author: Ganapathy
• Filed under: IPO
• Date: Sep 30,2006

AMD group is engaged mainly in manufacturing packaging articles like Crown Caps, Pilfer Proof Caps (PP Caps), PET Preforms and Plastic CSD Closures being used in the Soft Drinks, Beverages, Beer, Liquor and Pharmaceutical industries.
Customer base is as follows.
Soft Drinks Industries
* Coca Cola International
* Pepsi Cola International
Distilleries and Pharmaceuticals
* U B Group
* Dabur India Ltd.
* Shaw Wallace Group
* Khoday Group
* Mohan Meakin Group
* Jagatjit Industries Ltd.
* BDA Group
* Radico Khaitan Group
* Saraya Group
* Kesar Group
* Som Distilleries & Breweries ltd.
* Hamdard (Wakf) Laboratories
* SAB miller PLC.

Bonus Announcement – Opto Circuits and Jargan Prakashan

• Author: Geetha
• Filed under: Bonus
• Date: Sep 30,2006

Opto Circuits gets shareholders nod for 1:1 bonus
Jagran Prakashan to issue 1:5 bonus

Results and Dividend – Nalco and Dredging Corporation of India (DCI) and Morgan Stanley Growth Fund

• Author: abhisheak
• Filed under: Dividend, Results
• Date: Sep 30,2006

>National Aluminium Company (Nalco) have approved a dividend of 50 per cent for 2005-06 against 40 per cent in 2004-05. The company’s accounts for 2005-06 with a record net profit of Rs 1,562.20 crore was also approved at its 25th annual general meeting held here on Thursday. The company had achieved a net profit of Rs 1,234.84 crore in the previous year.
>Dredging Corporation of India (DCI) has declared a dividend of 150 per cent (including interim of 60 per cent) for 2005-2006, involving an amount of Rs 47.89 crore.The company had achieved a turnover of Rs 542.89 crore, including operational income of Rs 506.90 crore during the year against the previous year’s Rs 551.62 crore. Other income consisted of interest on fixed deposits. The net profit was Rs 176.46 crore (Rs 113.29 crore).The earnings per share was Rs 63.02 (Rs 40.46).
>Morgan Stanley Growth Fund sets RD as 27/10/2006 for 20% Interim Dividend

Mutual fund updates – ING Vysya Dynamic Asset Allocation Fund

• Author: Ganapathy
• Filed under: Mutual Fund
• Date: Sep 30,2006

ING Vysya Mutual Fund has launched a new close-ended fund, ING Vysya Dynamic Asset allocation Fund. The three-year close-ended fund has been given AAA (so) rating by Crisil.The fund will invest in equity/equity-related securities and for defensive purposes, it may place funds in debt and money market instruments.The new fund offer opens on September 27 and closes on October 19.

IPO’s That are open – DCB IPO Global Vectra IPO Accel Front Line IPO Hanung Toys IPO and JHS Svendgaard IPO

• Author: Ganapathy
• Filed under: IPO
• Date: Sep 29,2006

Record Date and dividend Info Furnished with BSEIndia Today

• Author: abhisheak
• Filed under: india
• Date: Sep 29,2006

Bonus and Record Date Info – Satyam Computers / Berger Paint

• Author: Geetha
• Filed under: india
• Date: Sep 29,2006