- Author: Ganapathy
- Filed under: IPO
- Date: Aug 31,2007
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Kaveri Seed Company Limited is in the service of Indian farmer for more than three decades now, with a record accomplishment of high performance products and highest quality standards, the Company takes pride in its reputation as a 100-percent Indian Company with a national presence.
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About Kaveri IPO
Kaveri Seeds is entering the capital markets with an initial public offering, IPO of 40,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
IPO Pricing
The price band for the issue has been fixed at Rs 150/- at lower level and Rs 170/- at upper level for equity share of Rs 10/-.
Issue Date
The issue opens on Sept 06, 2007, and closes for subscription on Sept 11, 2007.
NSDL is pleased to announce the soft launch of SMS Alert facility for demat account holders from August 10, 2007 whereby a few investors on a pilot basis will be able to receive alerts for debits (transfers) to their demat accounts. Under this facility, investors will be able to receive alerts for the debits (transfers) that have taken place in their demat accounts, a day after the debit (transfer). These alerts will be sent to those account holders who have provided their mobile numbers to their Depository Participants (DPs). Alerts will be sent if the debits (transfers) are up to five ISINs in a day. The full fledged roll-out of this facility for all investors will commence on September 1, 2007.
- Author: Ganapathy
- Filed under: Inflation
- Date: Aug 31,2007
some worry in the market was taken away after the Inflation based on the wholesale price index (WPI) dropped to 3.94 per cent for the week ended August 18 as against 4.10 per cent in the previous week.
NSE has decided to add 14 additional stocks to futures & options (F&O) segment with effect from 6 September 2007.
The 14 new stocks include
3i Infotech,
Aptech,
Bhushan Steel,
Biocon,
CMC,
Havells India,
Lakshmi Machine Works,
NIIT Technologies,
Nucleus Software,
Sasken Communications,
Tech Mahindra,
Tulip IT Services,
Welspun Gujarat Stahl Rhoren
and Yes Bank.
Magnum Ventures IPO ended with 2.95 times subscription. The issue received total bids for 5.19 crore shares as against 1.76 crore shares on offer.
Subscription Details
The Qualified institutional buyers (QIBs) category was subscribed 2.34 times.
The non institutional investors category was subscribed 3.92 times.
The retail investors category was subscribed 3.38 times.
Price Band Fix
The company had fixed a price band between Rs 27 – Rs 30 per equity share of Rs 10 each.At the Rs 27-30 per share price band, the PE multiple works out in the range of 6.52 – 7.24, based on the year ended March 2007 EPS of Rs 4.15.
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Phoenix Mills Ltd has informed the exchange that the Company through its wholly owned subsidiary (Pallazzio Hotels & Leisure Ltd) has signed a hotel management agreement with Shangri-La Hotels and Resorts to operate and manage their upcoming hotel at Lower Parel in Mumbai.
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This project will be the first of its kind in the island city, centrally located in the rapidly developing Lower Parel area. Shangri La Hotels and Resorts are regarded as one of the world’s finest hotel management Companies, garnering awards and recognition from prestigious publications and industry partners.
- Author: Ganapathy
- Filed under: Technology
- Date: Aug 30,2007
Tata Consultancy Services is up by 10 rs which is mere 1 percent it might get some move tomorrow as it had announced it had won a mission-critical engagement with BSNL, the world’s 7th largest telecommunications Company and India’s largest telecom player. The Engagement with BSNL is worthRs 574 Crore ($ 140 million) over a multi period.
- Author: Ganapathy
- Filed under: Real Estate
- Date: Aug 30,2007
Sobha Developers Ltd has received the LOI from Roots Corporation Ltd., for supplying loose furniture (Bed, Table, chairs etc) and mattresses for their GINGER HOTELS in the country. The order will be completed in a phased manner over a period of 18 to 24 months.This is the first time im hearing that Sobha Developers are into supplying losse furnitures also , think if this is one of the growing market they might start with a retail store fo losse furniture.
So after going through thr website i found out that it has all these has various divisions.
>Sobha Interiors Division
>Sobha Glazing and Metal Works Division
>Sobha Concrete Products
>Sobha Projects & Trade Division
>Sobha Renaissance Information Technology
>S & T Group – Oman
>Indeset – UAE
>Gulf International Construction & Interiors Company (GICI) – Qatar
- Author: Ganapathy
- Filed under: Real Estate
- Date: Aug 30,2007
Parsvnath Developers Ltd has announced the launch of Parsvnath PRIDEASIA, a strategically located project in Chandigarh. With a realization value of approximately USD 1 billion (Rs 4100 crore),The revenue from this project would be realized over a period of three years, including current financial year.
Spread over 123 acres, this project is one-of-its-kind and is an integral part of the Rajiv Gandhi Chandigarh Technology Park. Parsvnath PRIDEASIA is a joint venture between the Company and Chandigarh Housing Board. The project has a saleable residential area of 38.5 lakh sq.ft a commercial area of 2.7 lakh sq.ft and a club, sports centre and a water sports complex of 2 lakh sq.ft.
- Author: Ganapathy
- Filed under: IPO
- Date: Aug 30,2007
IT People – which i was saying that will be extended because it was not fully subscribed, instead of extending they have taken a decision of withdrawing it .This is what they had given to the Bourses “Khandwala Securities Ltd & Religare Securities Ltd (Book Running Lead Managers (BRLM’s)) for the Further Public Issue of the Company, have informed BSE that the Company has decided not to proceed with the issue, in terms of para 2 appearing on page no 112 of the Red Herring Prospectus”.
- Author: Ganapathy
- Filed under: World Market
- Date: Aug 30,2007
On Wednesday US Stocks rebounded sharply as investors, growing more positive of a chances for an interest rate cut, and was doing bargains after the previous session’s huge tumble. The Dow Jones industrials gained almost 250 points.
Japanese shares rose sharply early Thursday, leading a broad rally in Asia, as exporters such as Honda Motor Co. and Sony Corp. recovered some lost ground from the previous day’s decline as the yen slipped against the U.S. dollar.
On Wednesday on Wall Street,
The Dow Jones Industrial Average (DJI) surged 247 points, or 1.9%, to 13,289.
The S&P 500 index (SPX) rose 31 points to 1,463 and
The Nasdaq Composite (RIXF) added 62 points at 2,563.
- Author: Ganapathy
- Filed under: india
- Date: Aug 29,2007
Sensex gave a solid recovery from day’s low when it opened, on retailers support and good stocks buying with short covering in derivatives market.When it opened it was sure signal of down market as a drop in US stocks overnight driven by credit concerns, US housing data and Consumers confidence numbers worried the market. So there was aglobal melt down but soon European market recovered which also can be one of the reason that indian market also recovered.
The BSE 30-share Sensex advanced 73 points or 0.53% to 14,998.56.It had opened lower at 14,651.49 and slipped further to hit a low of 14,592.11. At the day’s low of 14,592.11, Sensex had declined 327.08 points for the day.
- Author: kalyan
- Filed under: Results
- Date: Aug 29,2007
In Q1 FY08 it has reported a net profit of Rs 6338 crore versus Rs 1013.9 crore on YoY basis. During the corresponding quarters, its net sales were up at Rs 31154 crore versus Rs 5747.7 crore. Its OPM was at 15.74% versus 29.8% during the corresponding quarters, YoY.
Other Income :
It consists of extraordinary item of Rs 4121 crore on acturial gains due to increase in yield rates on bonds held by various pension Funds of Corus. In Q1, there was interest cost of Rs 892 crore versus Rs 55.36 crore, on YoY basis. Included interest charge of Rs 725 crore on loans taken for financing acquisition of Corus.
- Author: Ganapathy
- Filed under: Real Estate
- Date: Aug 29,2007
Eveready Industries India Ltd has informed bourses today that they had entered into a Memorandum of Understanding (MOU) with Housing Development & Infrastructure Ltd, (HDIL) for the transfer and / or assignment of its right, title and interest under a lease for land at Navi Mumbai, for the residue unexpired period of the lease, subject to necessary clearances, approvals and such like requirements at a consideration of Rs 115,00,000. The Company is receiving an upfront payment of Rs 11,50,000 as earnest money for the same, on execution of the MOU.This will go to other income for Eveready Industries.
Rei Agro Ltd has considered the proposal to transfer the retail undertaking of the Company i.e. the Company’s business, activities and operations pertaining to retail business of the Company as a going concern and by way of a demerger to REI Six Ten Retail Ltd (“RSTRL”) in consideration for which RSTRL will issue shares and global depository receipts (“GDRs”) to the shareholders and GDR holders, respectively, of the Company.
The Board of Directors of the Company also approved that pursuant to the scheme of demerger, the paid up capital of the Company shall be reduced by canceling a sum of Rs 4 from each paid up Equity share of Rs 10 each and thereafter consolidating 5 Equity Shares of Rs 6/- each of the Company into 3 Equity Shares of Rs 10/- each fully paid-up in the Company.Book closure of the same will be announced when its formalised.
Pritish Nandy Communications is quoting at Rs 83.85, up Rs 3.95, or 4.94%.The reason behind this Upper Circuit is that it had bagged $100 million franchisee to remake blockbuster hindi movie ‘Sholay’ from Sholay Media and Entertainment.
Magnum Ventures IPO was subscribed 0.26 times on second day
IT People (India) FPO subscribed 0.35 times on second day
Both the IPO’s might be extended as they might not be fully subscribed on the closing day.
- Author: Ganapathy
- Filed under: World Market
- Date: Aug 29,2007
Dow Jones Industrial Average crashed by 280 points, or 2.1%, at 13,041.8 on a report showing diminished consumer confidence and after minutes from an Aug. 7 Federal Reserve meeting diminished hopes that the central bank will reduce interest rates.This has reflected on Asian markets also Nikkei 225 index down by 2.5 percent or 400 points.
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