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Rajesh Exports raises on the Bourses on news of Bonus Issue and Stock Splits. The company is meeting on October 22nd to decide on the Split and Bonus ratios.More info will be coming soon.
Symbol – Series : MIL EQ
Issue Period Sept 27, 2007 to Oct 04, 2007
Issue Size 88,50,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 320/- to Rs. 370/-
Tick Size Re. 1/-
Market Lot 18 shares
Minimum Order Quantity 18 shares
Maximum Subscription Amount for Retail Investor Rs.100000
The IPO is not yet fully subscribed .which is almost subscribed by .67 times.
Financial Technolgies rose by 6 percent after stake sale , Merrill Lynch and Citigroup has acquired 5% stake each in Multi Commodity Exchange of India (MCX) from Financial Technologies (India). The company plans to invest proceeds in green field ecosystem ventures such as – National Spot Exchange Ltd (NSEL), National Bulk Handling Corporation Ltd (NBHC) and others towards the development of complete value chain.Financial Technology is also one of the stock I’m following for almost 6 months now and I’m in and out of the stock for some time now.
Moser Baer which i’m following almost for 6 years first they where into CD and then DVD and now into RD’s and also they are deep into the Entertainment business which we can see already is reaping profit for the company , Now it has started investing into retail business of Home Video market, so it is setting up retail outlets to sell film content. Initially, the company will invest $ 100 million to buy the film content.But the company has to enter the market too soon which i think is little bit slow , there are already big players like Reliance and more small players .
DLF is looking to enter Indian telecom space with Pan India License;for that they are to list REITs on Singapore Stock Exchange to raise $ 2 Bn , they are not planning to operate the telecom company but it is in talks with 2-3 global major wireless players for tie up in telecom venture. DLF is believed to be in talks with AT & T and Singtel.Soon it might get some news on the whole thing that the reason the stock is seeing some raise , and also there might be question is the DLF Equity will be diluted more , but already there is a answer that they might not dilute .So no DLF Telcom IPO soon in the making.
U.S. stocks edged lower in lackluster trade as some investors locked-in profits on the last day of a strong third-quarter. The Dow lost 17 points to 13,895. The S&P 500 slipped 4 points to 1,526. The Nasdaq dipped 8 points to 2,701.
United Breweries is planning to raise money through Rights Issue , It is to raise Rs 425 cr via rights issue, the ratio for the rights issue is yet to be decided which will be informed here later.
Reliance Power IPO which might be the next big news in the Indian IPO market , we will update all the details as it comes.
Reliance Power IPO planning a IPO of around 3.5 billion dollars , and if it gets approved by the sebi then that would be the Biggest ever IPO in India ,it is to raise money to develop mega power projects for India.Reliance power is the unit Reliance energy which is the led by billionaire businessman Anil Ambani, declined to comment on what the company called “market speculation,” the newspapers said.
Reliance Power, part of the Reliance-Anil Dhirubhai Ambani Group or R-ADAG, has been valued at around 11 billion dollars.Reliance Power aims to sell shares equivalent to a 15-30 percent stake in the company, the reports said.
PowerGrid Corporation of india IPO allotment status will be the most searched word for the week and coming weeks , but think retailers need to be happy as the Allotment will be good for them atleast 1:5 and like any other government IPO they might give firm allotment to all the retailers but have a little bit less stock alloted.
But the allotment status will be available here : http://karisma.karvy.com/jsp/Ipo_Status.jsp
DLF Ltd has announced its second IT Park in Kolkata. The Company is developing this state of the art, world-class facility on 25 acres of land offering 2.5 million sq.ft. of IT/ITES workspace.Just thinking how much more IT space is needed to have all the places accomadated , if the IT jobs comes to stand still think these IT spaces will be utilised for something else.
Nagarjuna Construction Company Ltd has informed BSE that the Company has bagged three new orders totaling Rs 243 crores.
Order Details
For construction of the “EMBASSY OF INDIA COMPLEX” at Kathmandu, Nepal valued at Rs 136 crores,
For construction of Paint Shopt & HRK Hall at Chakan, MIDC, Maharashtra for Volkswagen India Pvt Ltd, valued at Rs 66 crores and
For construction of Raw Water Storage Reservoir at Visakhapathatnam, Andhra Pradesh for Brandix India Apparel City valued at Rs 41 crores.
ABB India has won a Rupees 933 million (93.3 crore) order from KHD Humboldt Wedag GmbH, Germany, to provide a turnkey electrics and automation solution for a 5000 TPD (tonnes per day) capacity green-field cement plant at Katrana in Jordan. The project is expected to be completed by mid 2009.
“RNRL to offer 20% in methane blocks to strategic investor”,this is the news that is flowing around for that Reliance Natural Resources Ltd has clarified that the Company has received various proposals both from strategic and financial investors in this direction. The Company is currently examining these options and other options.
Sensex touched 17000 in the opening market and its down below 17000 trading at 16950 or so , it took only 5 or 6 days to come to this 1000 points.
Mutual Fund Family : Lotus India Mutual Fund
Fund Name : Lotus India Infrastructure Fund
Objective of Scheme : To provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of infrastructure companies.
Scheme Type Close Ended
Scheme Category Growth
New Fund Launch Date 25-Sep-2007
New Fund Offer Closure Date 24-Oct-2007
Indicate Load Separately Entry Load : NIL Exit Load : NIL
Offer Price (Rs.) 10
Minimum Subscription Amount Rs.5,000/- per application + in multiples of Re.1
Visit Website www.lotusindiaamc.com
Mutual Fund Family : Tata Mutual Fund
Fund Name : Tata Indo-Global Infrastructure Fund – Growth/Dividend
Objective of Scheme : The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world.With the way all the infra fund is turning back now for example Birla infra find was like at 9 rs a year back and now its at like 17 rs.
Scheme Type Close Ended
Scheme Category Growth/Dividend
New Fund Launch Date 3-Sep-2007
New Fund Offer Closure Date 16-Oct-2007
Entry Load: N.A
Exit Load: Nil* * An early exit charge equivalent to the unamortised New Fund Offer expenses will be recovered from the investor in case of redemption before expiry of 3 years from the date of allotment.
Offer Price (Rs.) 10/-
Minimum Subscription Amount 10,000
For Further Details Please Visit Website www.tatamutualfund.com
The markert ended in green but it saw both extent today it saw some good negative point and some good postive side , Market recovered in the late afternoon , It was reliance and group of company which got the market down in the morning and it was the same reliance which hit all time high in the late trade had the markert into postive zone .Sensex provisionally ended up by 53.17 points at 16,899.54 . At day’s low of 16,676.98, Sensex had lost 168.85 points for the day.The Sensex struck all-time high of 16,928.02 in late trade.
Major losers are
L&T (down 1.79 % to Rs 2845),
M&M (down 2.65% to Rs 763),
SBI (down 1.76% to Rs 1801),
Reliance Energy (down 1.72% to Rs 1074.90).
Major gainers
Bharti Airtel (up 1.97% to Rs 963.50),
Hindalco industries (up 2.12% to Rs 166.30),
Cipla (up 0.99% to Rs 169),
HDFC Bank (up 2.95% to Rs 1386),
Hindustan Lever (up 1.32% to Rs 226.50).
Realty Index Debacle
And talking about Realty sector which was on a high sky for a weak so a big grop of 292 points or 3.12% at 9,077.Realty stocks had rallied after last week’s cut in interest rate by the US Federal Reserve.
Sadbhav Engineering Ltd has been awarded the following project for contract price of Rs 245.24 crores for the work “Removal of Over Burden of First Dig(Solid) by Hiring of HEMM such as Excavators, Dumpers, Drills, Dozers, Graders and Water Tankers for composite work consisting of Blast Hole Drilling, Blasting, Excavation, Loading, Transportation of Broken Rocks / Soil / Earth, Dumping, Spreading etc. complete including unloading spreading Dozing, Water Sprinkling, Grading etc. by mechanical means as per instruction of Engineer in charge at specified places at Bina Extn OCP of Northen Coalfield Ltd (NCL).
Gayatri Projects Ltd has informed BSE that the Company has secured new order valued Rs 154.01 crores. The entire work has to be executed with in a period of 2 years.
The current order book strength of the Company stands at Rs 3,450 crore. The Company, as ISO 9001-2000 certified Company, is among India’s fastest growing construction Companies known for its in-securing model driven by professional teams and unique equipment bank.
Due to sun outage the market timings from September 25, 2007 to October 9, 2007 will be from 9.55 am to 11.25 am there will be no trading available from 11.25 am to 12.10 pm, the resumption of trading session will be from 12.10 pm to 4.15 pm.Please note that super multiple order square-off will start at 3.55 pm .
No idea what to say it was like watching india vs pakisthan match when seeing the sensex playing the Bulls and bear , but Bull won it with a huge margin like the same way how we are expecting india to win today.
The BSE Sensex closed at 16845 up by 281 points
NSE Nifty closed at 4943 up 94 points.
> Major gainers on the BSE index were Reliance Energy, Maruti Udyog, NTPC, L&T while
> Major losers were Infosys Technologies, Satyam, ITC and TCS. Its high time to come out of some IT stocks now and buy ot after results.
More updates to come later
Supreme Infrastructure India Limited IPO which is open for public from September 21 to september 26th 2007 .
Issue Details
Issue Period Sept 21, 2007 to Sept 26, 2007
Issue Size 34,75,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 95/- to Rs. 108/-
Tick Size Re. 1/-
Market Lot 60 shares
Minimum Order Quantity 60 shares
Oversubscription Details
Total Issue Size 3475000
Total Bids Received 5857560
Total Bids Received at Cut-off Price 763080
No. of times issue is subscribed 1.69
Hindustan Construction Company Ltd has informed the market that Alpine-Samsung-HCC JV i.e. Alpine Mayreder Bau GMBH (ALPINE) — Samsung Corporation (SAMSUNG) and the Company has been awarded a contract for Design and Construction of Two Underground Stations and Tunnel between New Delhi Station and Talkatora Garden, from Delhi Metro Rail Corporation Lid, New Delhi.This is bagged as a collabrated project and the total value of the contract in INR is Rs 774.64 Crore. The Company’s share in the total value of the contract is 33% i.e. Rs 255.63 Crore.
IVRCL Infrastructures & Projects Ltd has announced the Pune Region of the Company has won orders worth Rs 394.24 Crores .
Order Details
>Building Division
Value of the Work (Rs in Crores): 180.00
Value of the Work (Rs in Crores): 85.07
Value of the Work (Rs in Crores): 67.79
>Power Division
Value of the Work (Rs in Crores): 61.38
Ramsarup Lohh Udyog Limited, is setting up an Integrated Steel Plant at Kharagpur in West Bengal as a backward integration with a total investment estimated at Rs.689.57 crores. The company proposes to finance this project through total equity of Rs.286.51 crores and long term loans of Rs.403.06 crores.
IPO Details
Ramsarup Lohh Udyog proposes to enter the capital markets with a public issue of 3,00,00,000 equity shares of Rs.10 each through 100% book building process to meet the part fund requirement.So it files for DRHP with sebi.
Koutons Retail India Limited closed yesterday with totally subscribing by 45.52 times.
Over subscription Details
Total Issue Size 3524439
Total Bids Received 160419660
Total Bids Received at Cut-off Price 14802990
No. of times issue is subscribed 45.52
Consolidated Construction Consortium Limited which pretty much had a very dull start had a mind blowing closing over subscription , it closed after oversubscribing by 81 times .This might because of the Realty sector that had a good run for a week now .
Total Issue Size 3700000
Total Bids Received 300355056
Total Bids Received at Cut-off Price 13468392
No. of times issue is subscribed 81.18
Details
1 Qualified Institutional Buyers (QIBs) 117.6797
2 Non Institutional Investors 67.6202
3 Retail Individual Investors (RIIs) 12.6906
Inflation came down to 3.32 per cent for the week ended September 8, against 3.52 per cent for the previous week.
Reliance Natural Resources this is the company which belongs to ADAG group , this company i have to say not have much of a big plan as such , They finally had some thing click for it and that is the gas distribution Project , they have applied to the Petroleum and Natural Gas Regulatory Board for setting up city gas distribution projects in Mumbai, Delhi, Noida, and Gurgaon, a company official said today. RNRL applied to Petroleum & Natural Gas Regulatory Board for the same.The company’s shares traded at 68.70 rupees on the NSE, up 20.95% over Thursday.
Adlabs Films which i was about to keep my hand on Futures was very attractive , But it sparjked again today when they said that Adlabs radio demerger process is to be completed soon. 15% reveneus of the company will come from TV in FY09. The company has not suffered any losses on film production.Which is very good news , no loss in any of thr production which , and i know some of the film has been hit also , and they might get some revenue through DVD sales These all sparked the stock price.
Unitech stocks which i hold like 25 or so rose almost 100 rs in a week or so , theyraised today for s different reason normally they raise because of realty index and realty news , but today it rose because of telecom news.They have informed the market that “8 of its wholly-owned subsidiary Companies have decided to submit applications to the Department of Telecommunications, Ministry of Communications and Information Technology to provide Unified Access Services (UAS) in 22 telecom circles across the country.”
ICRA stocks keeps raising whenever you here that they sign memorandum with any Bank for credit rating , the saga is continuing from state bank to corporation Bank to now Dena Bank.It rose 0.33% to Rs 1023 after it signed a memorandum of understanding with Dena Bank for rating the bank’s loans.
Sun TV Network gained 0.45% to Rs 355. There was news on TV saying that SUN TV DTH is 75 rs i dont really understand what is that is it the whole channel 75 or starting rate 75 , but any way thats not the only news thats having the SUN TV stocks some good run its the news of the 48.9% stake in Red FM, promoted by NDTV. In return (on a swap ratio basis), the Red FM promoters had picked up 35% stake in South Asia FM, the subsidiary os SUN TV.
Financial technology is a stock i had been holding for sometime and also booking profits i dont own any of the stocks now , but Financial Technologies (India) rose 0.51% to Rs 2705.25 after it won regulatory approval to set up India’s first national power exchange, The Indian Energy Exchange, an electronic bourse.
I was not in city to track the market i was seeing the points through my cellphone from pondicherry and it opened on a postive note and suddenly after some time it was negative , then checked the Forex to see the rs rate and it was at 39.75 then i know that the negative points is due to IT stocks hitting 52 week low.
But whole thing got turned upside down when Reliance Industries (RIL) recovered sharply from its day’s low of Rs 2151.10. It advanced 4.56% to Rs 2292 on 8.70 lakh shares. It hit an all-time high of Rs 2294. As per reports it has found oil in its D4 block in the Krishna Godavari (KG) Basin.That increased the stock price .State Bank of India (up 4.02% to Rs 1830), Bharti Airtel (up 3.52% to Rs 922.25), and Hindustan Unilever (up 3.13% to Rs 220.85), were the other gainers from the Sensex pack. Other than that larsen toubro , reliance energy ,state bank of india , ongc and many more 30 index stocks raised which shhoted up the market to a new high.
The 30-shares BSE Sensex surged 216.28 points or 1.32% at 16,564.23, an all time closing high. It opened slightly higher at 16,308.09 and slipped to touch intra-day low of 16,308.09. From here it staged a solid rally to hit an all time high of 16,616.84 in late trade.
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About Onmobile Global Limited Incubated at Infosys, the initial years went in establishing concept of products for mobile space,There Product Portfolio include Speech-driven products such as ringtones, infotainment, jokes, Ring Back Tones, dating, contests were launched, They have applied for DRHP in order to grow thr business, think we can consider them as one of the monopoly in this area. |
Strategic Investors
>Argo Global Capital
>Infosys Technologies Ltd
>Deutsche Bank
>Goldman Sachs
>Polygon Investment Partners
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About Brigade Enterprises Brigade Enterprises Ltd, the flagship company of Brigade Group is an ISO 9001 : 2000 company with over 20 million sft. of constructed and under construction space to its credit. It is one of the leading property developers in the cities of Bangalore & Mysore, and is expanding to other cities in Southern India. |
Issue details:
The company proposes to issue 16.62 crore equity shares of Rs. 10 each at a price to be decided by the 100 per cent book building process.
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IPO – eClerx Services Limited has filed for DRHP with sebi to further Fund thr developmental effort. What they Do They typically design data solutions to meet specific requirements of thr offshore clients. Thr significant value addition lies in solving business issues for clients through a cost-effective combination of people, process and technology. |
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About Cords and Cable Cords was established in 1987 by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables.They are into producing Products like : LT control cables, LT power cables, instrumentation cables, thermocouple extension cables, compensating cables, coaxial cables, telephone cables, panel wires / household wires, networking cables & Customised cables. |
532399 Adlabs Films Ltd. BC 23/10/2007 50% Dividend
511200 Munoth Capital Market Ltd BC 22/09/2007 10% Dividend
500384 RPG Life Sciences Ltd BC 15/10/2007 15% Dividend
502465 Speciality Papers Ltd., BC 28/09/2007 5% Dividend
It opened with a huge gap and kept on advancing Shares from across sectors and market capitalisation participated in the rally.Almost 20 or 40 stocks on the main line space has reached the all time high , Sectors like Bank and Auto witnessed heavy profit and buying , Sugar sector also got a good hike as the government has informed that they have plans to give more fiscal incentives to sugar mills.
So finally the 30-shares BSE Sensex surged 651.29 points or 4.16% to 16,320.41, as per provisional closing.Coming to Telecom sector the major company Reliance communication and Barti Airtel saw a huge gap and Bharti Airtel jumped 6.93% to Rs 890.20on news that its Sri Lankan unit signed a $150 million contract with China’s Huawei Technologies Co to build and manage mobile infrastructure for 3 years in srilanka.Reliance Comunications, rose 5.11% to Rs 564.75 after its subsidiary Flag Telecom reportedly signed a five-year agreement with UK-based Vanco to increase its presence across 81 countries worldwide.
On view that RBI might also cut the CRR rates Bank stocks saw some huge rise and also on that basis Auto stock had good ride as the bank might give loans for less intrest which might give some more profit for auto stocks.But Maruti Suzuki Indiarose 5.11% to Rs 920.50 on news that the company will set up an auto component park with Japan’s Futuba Industrial Company. Maruti will hold a 49% stake in the joint venture. This will be Futuba’s first project outside Japan .
On oil and Refinery sector ONGC rose by 5.89% to Rs 901 after the news that they may consider a bonus issue and a share split in the future. But time frame is not yet decided.
DLF galloped 8.91% to Rs 714.25 on news that the company is getting into the retail of luxury brands like Georgio Armani, Versace and Dolce Gabbana.Also i saw in labnol’s website that DLF will tie up with a foreign major Carrefour for the supermarket business at a later stage.
SENSEX up by 600 points at 16,274.32 almost up by 3.86 percent at 2.50 pm today not sure it will withstand this while closing or it will close like dow jones .
MIDCAP > 7,109.24 124.21 1.78
SMLCAP > 8,883.85 102.96 1.17
BSE-100 > 8,405.88 280.45 3.45
BSE-200 > 1,991.02 63.60 3.30
BSE-500 > 6,387.48 194.60 3.14
Supreme Infrastructure India (SIIL) is floating IPO to raise funds to part-finance its expansion plans and meet its long-term financial needs.
Issue Details
The company would issue 34,75,000 equity shares in a price band of Rs 95 and Rs 108 and hopes to raise Rs 32 crore to Rs 37 crore through the IPO.
Issue Dates
The offer opens between September 21 and September 26.
Issue Size
SIIL is proposing a public issue of 34,75,000 equity shares of Rs 10 each at a premium to be decided through 100 per cent book-building process.
Saamya Biotech is coming out with an initial public offering (IPO) of 15 lakh shares of Rs 10 each to raise around Rs 15 crore. The issue will open for subscription on September 25 and close on September 28, 2007.More info coming during the opening of the IPO.
So when UTI AMC IPo is available for subscription by the public it would be the first FUND house whose IPO is getting approved.The first initial public offering (IPO) by a fund house in the country is on course with the government and the board of UTI Asset Management Company approving the proposal to list the shares of the firm.We are expecting anytime by the end of this year.
