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Parle Software Ltd has informed the makret that the Board of Directors has
1. Recommended Issue of Bonus Shares in the ratio of 3:1 (THREE Equity Shares of Rs 10/- each fully paid up for every ONE Equity Shares of Rs 10/- each held in the Company).
Comp U Learn Tech India Ltd has informed the market that the Company has signed a work order with NPR Solutions, 3109, Bruce Gardens Circle, Franklin, TN 37064 USA towards maintenance contract worth USD One Million dollars (approx INR 4.00 Crores).The QTr Revenue for the company is around 1 crore , this contract will boost its revenue , it had already hit uppercircuit today and it might continue for another week now.
Punj Lloyd Ltd has informed the market that Sembawang Engineers and Constructors Pte Ltd, a wholly owned subsidiary of the Company has won a major contract worth Rs 1272 crore for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore. The contract has been awarded by Land Transport Authority of Singapore.
Exide Industries fixes Record Date for its Right Issueof 5,00,00,000 fully paid equity shares with a face value of Re 1/- each for cash at a premium of Rs 29/- per shares (i.e. at a price of Rs 30/- per share) aggregating Rs 150 crores in the ratio of 1 (One) fully paid equity share for every 15 (Fifteen) fully paid equity shares (i.e., 1:15) of Re 1/- each.The record date is fixed on December 17th 2007 .
Asian Oilfield Services Ltd has informed the market that it has secured two orders from ONGC India.
1.)One is a Rs 44.55 Crore order from ONGC Jorhat office for acquisition of 2D Seismic Data in Nagaland to be executed within 400 operating days of the issue of the Award of Contract. This order is extendable further to acquire more data at mutually agreed terms & conditions.
2.)The other order is from the ONGC Baroda office for Rs 15.17 Crores for providing Integrated Seismic Job Services & Shot Hole Drilling Services. The work on this project will start in December 2007 and will continue for Field season 2007-08 & 2008-09.
So more orders may comein from ONGC if this goes well.
GMR Energy IPO is it slated to come out with a IPO in 2008 Q1 discusses CNBC18,GMR Infrastructure is likely to float IPO for GMR Energy in Q1CY08, GMR Infra may raise USD 250-300 million via GMR Energy IPO. Board resolution on GMR Energy IPO is likely before 2007-end.
Today November 29th 2007 30-share BSE Sensex rose 64.39 points or 0.34% to 19,003.26. Sensex hit a low of 18,930.31 at the fag end of the trading session. At day’s low, Sensex shed 8.56 points for the day. The Sensex hit a high of 19,297.01 in early trade. At day’s high, the Sensex gained 358.14 points.
Negative Points
Market was almost up by 400 points what dragged the index down to just 60 points up is on the late end of the trade due to expiry of November 2007 derivatives contracts. Most of the Blue chips slipped to red which got all the points down to just 60 up from 400 points.
Positive Points
>Global market positive
>Comments from Fed vice chairman on interest rate cut in december
L&T Infotech IPO is likely to hit the primary market in H2 2008 ,way back in 2006 may or so we talked about considering a IPO for infotech for which management told they dont have any news on that , but now they have reported that its likely around H2 of 2008.
What suppose to be a terrible day for the US market was saved by Fed Vice chairman .The market
NASDAQ 2662.91 82.11 3.18% |
DJIA 13289.45 331.01 2.55% |
S&P 1469.02 40.79 2.86%
Positive News
>Fed Vice Chairman Kohn said the Fed must be “flexible and pragmatic” in policy, suggesting he may favor a rate cut in Dec.
Negative News
>Durable Orders fall in October; not good news, but not recessionary either
>Wells Fargo announces special Q4 provision of $1.4 bln due to credit losses; Freddie Mac cuts Q4 dividend by 50%.
We dont need anything that this positive news of possible rate cut in december.Asian market has already reverted that today by doing a bull run same will happen to indian market also.
Arun Nanda, ED, M&M said that the company has planned to float Mahindra Holidays and Resorts IPO by March 2008. It will file red herring prospectus next week and has finalised 2 merchant bankers for IPO, this si the report i hear from CNBC , think the IPO would be one of a kind in the Tourism sector.
OnMobile Global IPO – In the pipeline , this might be the next ipo that will be given extra consideration after reliance power IPO this is one of the IPO where it was given 4 out of 5 rating by crisil , we will see when it gets approved by SEBI to go public.
530707 Aftek Ltd. BC 22/12/2007 50% Dividend
532813 C & C Constructions Ltd. BC 22/12/2007 25% Dividend
532613 Maxwell Industries Ltd. BC 21/12/2007 10% Final Dividend
516022 Star Paper Mills Ltd. 17.5 % Dividend
Jaiprakash Associates clarifies on news item which appeared in newspaper titled “Jaypee group eyes Bina Power”, Jaiprakash Associates Ltd has clarified to BSE that “in an expanding organization like ours, exploring new business opportunities is a continuous process. As a sequel to this effort, we keep examining various proposals including the one referred. The Stock Exchanges will be informed if and as soon as the proposal gets crystalised.”But the stock went up by 70 rs.
30-share BSE Sensex ended down 188.86 points or 0.99% to 18,938.87. The Sensex hit a low of 18,884.20 at the end of the trading session. At day’s low, the Sensex shed 243.53 points. The Sensex had hit a high of 19,316.76 in early trade. At day’s high, the Sensex gained 189.03 points.
Indian Bank rose today by 8.88 percent to Rs 195 , it almost rose by more than 60 rs in a week now . Indian Bank’s net profit rose 46.3% to Rs 247.60 crore on 26.9% rise in operating income to Rs 1,493.14 crore in Q2 September 2007 over Q2 September 2006.
US market may be up by 230 points on the down jones index , but there are other factors which might drive the Indian market today like ,
>Asian market is weak
>The argument proceedings of the US India Nuclear deal thats going to happen in the parliment today
Some Positive points to get the markets up are
>Bank Index might lift the market up based on US market response
>Powe sector might bring in some gains if there is any news on reliance power today or in the coming week .
We will hope for the best.
After a loss on monday in points US market saw 3 digit increase in Dow jones the market was moved by these factors.
+Abu Dhabi Investment Authority is investing $7.5 billion for a 4.9% stake in Citigroup
+Crude drops on increased Saudi Arabian production, speculation that OPEC will increase output
-But some decline was seen after November Consumer Confidence declined
Index Figure
NASDAQ 2580.8 39.81 1.57% |
DJIA 12958.44 215 1.69% |
S&P 1428.23 21.01 1.49%
Jyothy Labs IPO Allotment – Good Chances for the Retail its the same situation as Mundra Port IPO only difference is Mundra is pretty much good company than Jothy labs , but for 15 times subscription there would be firm allotment for atleast those who had applied for the full extent.
Jyothy Labs IPO oversubscribed by 45 times and on the retail side by 15 times , on an overall it was a success for the IPO , till yesterday night the situation was so bleak , but today almost it had the 43 time subscription , may be the mundra IPO money refund went into this IPO.
Indiabulls Real Estate rose by 3.24% to Rs 642.90 on news that Indiabulls group is set to enter retail business through Indiabulls Wholesale Services, a subsidiary of Indiabulls Real Estate, its planning to setup 30 hypermarkets across as many smaller cities in the country in the next 15 to 18 months with an outlay of Rs 1,500 crore. So this will be some sort of Sams Club or Costco type of whole sale type , where the rate will be less but they sell in large quantity,It would be sort of Metro type from banaglore , but im yet to see these type of stores in chennai.
Reliance Power IPO Grey Market rates might change now after the decision from ADAG that they are planning to change the face value from 2 to 10 and there are cases where the brokers are getting a loss of 50 crores it seems , already its trading at a premium of 35 rs in the grey market , Think this is the first company i have seen in my life where the grey market price is fixed even before the company has got approval from the SEBI to go ahead with the ipo.
It is floating in the market that Reliance Power IPO was proposed at a face value of Rs 2 a share to involve a larger number of retail investors, but offered the option of floating the shares at Rs 10 a share in case the earlier proposal did not meet the regulator’s requirement.This is been sent has a request to SEBI , and this has appeared in almost all new channels and papers now .
S.Kumars who are in the business of clothing for almost may be my age is seeking shareholders’ nod for demerger of its arm, Reid & Taylor. So after that they will decide on the Reid & Taylor IPO and also seek PE investment soon.All is for well they might go in for ipo next year before 1st qtr.
Ashok Leyland reached up by 16.65% to Rs 47.65 after news that Hinduja Group flagship company plans to launch its next-generation commercial vehicles with state-of-the-art technology in the next two to three years. Its crazy how the company goes up on news which will yield some result only after 2 years.
About eClerx Services
eClerx Services, which provides data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India
About eClerx Services IPo
eClerx Services IPO is entering the capital market with its initial public offering (IPO) of equity shares of Rs 10 each for cash, at a price to be decided through a 100% book building process and aggregating to Rs 1,010 million.
Issue Date
Opens On December 4, 2007, and will close on December 7, 2007.
Price Band
Price Band has been fixed between Rs 270 and Rs 315 per Equity Share.
Purpose of the IPO
To fund acquisitions,make infrastructure investments,set up additional facilities and avail of listing benefits.
Financials
Revenue and Profit where both seen increased by 80 percent over 2 years .Revenue from 2 crore to 8 crore and profit from 1 to 4 crore.
US Market after long holiday opened with a good mood as there was news that the holiday spending has increased by 3.5 percent and also monday being a cyber monday where people will spend a lot online where supporting the market to inch up higher.But these things dint stay much and the finacial worries and credit worries eated into the market adn dragged the market heavily down to
NASDAQ 2540.99 -55.61 -2.14% |
DJIA 12743.44 -237.44 -1.83% |
S&P 1407.22 -33.48 -2.32%
This has also dragged the asian market and it will be the same story for Indian market.
About BGR Energy
The Company was originally incorporated in 1985, as a joint venture between GEA Energietechnik GmbH, Germany and our Promoter, Mr. B.G. Raghupathy, to produce and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants. In 1993 Mr. B.G. Raghupathy and members of his family became the sole shareholders of the Company and began to expand our range of product and services range in the power and oil and gas industries. On June 28, 2007 they changed the name from GEA Energy System (India) Limited, to BGR Energy Systems Limited.
About BGR Energy IPO
BGR Energy Systems which makes energy equipment has set Rs 425 to Rs 480 per share price band for its initial public offer (IPO). The 9.14 million share issue would constitute a fresh offer of 4.32 million shares and sale of 4.82 million shares by promoters.
Issue Date
Opens on 9 December 2007 and closes on 12 December 2007.
Purpose of the Issue
BGR plans to use the money to set up plants in India, China and the Middle East.
Financials
Profit as gone up from 13 crore to 39 crore over 2 years from 2005 march to 2007 march
Empee Distilleries settled at Rs 317.90 on BSE, a 20.52% discount over the IPO price of Rs 400.Empee Distilleries debuted at Rs 400 at par with the IPO price of Rs 400. It hit a high of Rs 489 and a low of Rs 301 during the day.
Reliance Petroleum Ltd (RPL) has announced that Reliance Industries Ltd (RIL) has sold 18.04 crore equity shares, representing 4.01% of the equity share capital of Reliance Petroleum Ltd (RPL) out of its’ holding of 75%.The aggregate sale consideration is Rs 4,023 crore.After this sale, the shareholding of RIL in RPL is 70.99%.Not sure if this is because they want to really take some profit out of it or they want maximize shareholders value .
Walchandnagar Industries Ltd has informed the market that
1. Recommended special ‘Centenary Dividend’ of 100% on the equity shares of Rs 10/- each i.e. dividend of Rs 10/- (Rupees Ten only) per share, as the Company is entering into its centenary year on November 25, 2007.
2. Issue of Bonus Shares in the ratio of 1:1
3. Sub-division of shares: Equity shares of the face value of Rs 10/- each into 5 equity shares of Rs 2/- each
Geetanjali gems and jewels forms Joint Venture with ARMO Netherlands Finance B.V., gitanjali Gems Ltd to form Company ‘Morellato India Pvt Ltd’, by way of subscription to equal number of equity shares of the proposed Company. The effectiveness of this Joint Venture Agreement is subject to the fulfillment of certain conditions precedent.
Sadbhav Engineering Ltd has informed the market that the Company has been awarded the projects worth Rs 99.01 Crores by the Government of Chhattisgarh.
IVRCL Infrastructures & Projects Ltd has announced the market that it had received new orders of the value of Rs 329.32 Crores as detailed hereunder:
PUNE REGION
(a) Name of the Work: Awarded by Naya Raipur Development Authority (NRDA):Value of the Work : 179.12 Crores
(b) Name of the Work: Awarded by Pimpri Chinchwad Municipal Corporation:Value of the Work : 124 Crores
CHENNAI REGION :
(c) Name of the Work : Awarded by Tamilnadu Water Supply and Drainage Board:Value of the Work : 25.24 Crores
Parsvnath Developers Ltd has informed the market that it also wants to go into the wagon of retail business and also have incorporated a subsidiary for the same by name “Parsvnath Retail Ltd” on November 19, 2007 for undertaking retail business in India.
Sadhana Nitro Chem Ltd has informed the market that on December 07, 2007, inter alia, it will consider increase in authorised capital and also further issue of shares on rights basis.
Reliance Power, Larsen & Toubro and Lanco Infratech are among the 10 companies that have bid for setting up the 2,000 mw coal-based thermal power project at Talwandi Sabo in Punjab.We will see if this can also be bagged by reliance energy which in turn will go to reliance power.
UTI Infrastructure Advantage Fund
India’s infrastructure sector is expected to witness huge investments in the coming years. To enable you to take advantage of this boom, UTI now launches the UTI Infrastructure Advantage Fund. As a 3 year close ended fund it focuses on investing in high growth infrastructure sectors such as Airports, Banking, Construction, Engineering, Energy, Mining, Ports and Power among others.
Issue Date
• NFO opens on 12th Nov and closes on 19th Dec, 2007
Investment Amount
• Minimum initial investment: Rs.5000/- and in multiples of Re.1/- thereafter with no upper limit.
BSNL IPO – previous time when it wanted to go public , the telecom minister Dayanidhi maran dint wanted it to go but this time , Mr Raja wants BSNL to tap the market and so nbow the answer is in governments hand , if they say yes then BSNL might tap the market anytime next year.
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About V-Guard V-Guard, with its array of products for the home, has a consumer base exceeding 40 million, and is a household name across the country. This site is intended to provide visitors with more information about the company and its various products. It also has provision that allows visitors to contact the company for more information.They also have a amusement park by name vegaland. V-Guard IPO V-Guard Industries, a company engaged in the manufacturing and marketing of electrical and electronic products based in Kerala proposes to tap the capital market with an initial public offer (IPO). |
Mundra Port and SEZ Ltd IPO listing on Tuesday, November 27, 2007
BSE Script Code: 532921
NSE Symbol: MUNDRAPOR
Issue Price: Rs 440/- Per Equity Share
We will see how much the 15 stocks is fetching us may be anywhere from 600 to 700 rs per share.
Mundra port IPO allotment status is ready .Ita like this you will get 1 lot of 15 if you would have applied for 99000 or 225 stocks.
Check the allotment status here.
Allied Computer international debuted on BSE at Rs 21, a 75% premium compared to its issue price of Rs 12. It hit high of Rs 31.85 and low of Rs 21 so far during the day.They just recently mopped Rs 6 crore in the recently concluded initial public offer. The company had come out with a fixed priced IPO.They are soon going to release 15000 rs laptop.
Barak valley cement which debuted today closed with a modest gain of 55.30 rs agaionst the issue price of 42 rs.it opened at a high of 62 rs .
Puravankara Projects Ltd has announced the market that it has won the tender bid from APIIC (Andhra Pradesh Industrial Infrastructure Corporation) for development of a massive project at the prestigious Hi-tech City, Hyderabad, involving an Investment of over Rs 3,500 crores.The Company’s bid for the land deal was for Rs 630 crores.
CS Software Enterprise Ltd has informed the market that the Company has bagged orders from a defence establishment for engineering services to the tune of approximately Rs 33 Lakhs (Rupees Thirty Three Lakhs Only).This will help them in getting more orders from other sector of defence.
XL Telecom & Energy Ltd has announced the market that the Company has received fresh ORDERS VALUED OVER Rs 658 Millions for Export of Solar Panels to EU.
Simplex Infrastructures Ltd has informed the market that the Company has bagged contract from DP World for Rs 580 crores for ICTT Kochi Phase 1A.
It was on november 15th it bagged order worth 680 crore.
Simplex Infrastructures Ltd has bagged two contracts aggregating Rs 680.00 crores for design and construction of Eastern Freeway from Museum to Anil Panjarapole Link Road and for design and construction of Fly Over on Dr. Babasaheb Ambedkar Road under Package II.
