Reliance Power IPO which got cleared by SEBI is now graded by CRISIL and as got a 4 on 5 rating , Crisil grades IPOs on a scale of one to five. Grade one indicates poor fundamentals, while five-on-five is given to an issue with strong fundamentals.This will add up to already market good name reliance so one can see lot of money pouring into the IPO which is planned to hit the market in jan of 2008.
Burnpur Cement Ltd fixed price IPO was open on November 28, 2007 and closed on December 03, 2007.Its almost 1 month they have just come out with the allotment status .
Check Allotment status here.
- Author: Ganapathy
- Filed under: BseIndia
- Date: Dec 29,2007
In a measure ot have all the retailers take part in the Growing Derivative market which was involving huge lots and good amount of fund towards that BSEINDIA decided to bring in chota contracts that way the lot size is small and the same time investment amount is less , Now Bombay Stock Exchange offers mini Futures and Options contracts on the leading Indian equity Index ‘SENSEX ‘ for retail investors to participate in the ever growing Derivatives market. The SENSEX is the barometer of the Indian Capital Markets and widely tracked in the global financial markets.
Mini Senses Details
Security Symbol – MSX
Underlying Index – SENSEX
Price Quotation – Index Points
Market Lot - 5
Delivery – Cash Settlement
Tick Size - Rs. 0.05 i.e. 5 paisa
Strike Price Intervals - For options – min 3 strikes (1 In-the-money, 1 At-the-money, 1 Out-of-money)
Trading Hours – 9:55 a.m. to 3:30 p.m.
Contract Months – 1, 2 & 3 months plus weekly options also available.
Last Trading Day – Last Thursday of the contract month. If it is holiday, then the immediately preceding day.
Final Settlement Price – On the last trading day, the final settlement price of the expiring Futures / Options contract would be based on the closing value of the underlying index i.e. the SENSEX.
Reliance Power IPO had got some sort of good news , its already known that the reason why it has not hit the market yet is because there are some case against it in the High Court and the court has also asked the SEBI to do some homewoprk and give some final ruling and SEBI has also responded for that now .Sebi has stated that there is a lock in of five years for the promoters i.e 5 years from the date of allotment, So may be this will taken as a positive statement by ADAG Reliance Group and they might go ahead with the IPo in the coming month .Keep ypur warchest ready for reliance power ipo.
- Author: Ganapathy
- Filed under: IPO Listing
- Date: Dec 28,2007
TRil listed today at 70 percent premium ,The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.its quoting now between 720 to 730 it should also settle in this range today.
Future Capital IPO gets clearance from SEBI and may hit the market soon if the news is true , this is considered one of the good ipo as its from the Future Group.The company is looking to raise Rs 400 crore through IPO.Future Capital Holdings is offering 64.2 lakh shares via IPO and diluting 10.16% of equity. Promoters holding will reduced to 74% from current 83%.Currently the listed Pantaloon holds 61%, which will come down to 55% post IPO. Kishore Biyani’s stake will come down from 6.6% to 6% post IPO.
Source : CNBC
- Author: Ganapathy
- Filed under: IPO Listing
- Date: Dec 27,2007
Listing of equity shares of Transformers & Rectifiers (India) Ltd on December 28, 2007,
Bse Scrip Code: 532928
Suzlon Energy Ltd has fixed January 28, 2008 has been fixed as the Record Date for the purpose of sub-division of the face value of the equity shares of Rs 10/- (Rupees Ten Only) each to face value of Rs 2/- (Rupees Two Only) each.
Rajesh Exports Ltd has fixed February 05, 2008, as the Record Date
>for Sub-division of equity Shares of Rs 2 each to Re 1 each and
>issue of 2 bonus shares for every 1 share held by the share holders (200% Bonus)
Liberty Shoes Ltd (LSL) has informed the market that its 100% retail subsidiary namely Liberty Retail Revolutions Ltd (LRRL) which exclusively deals in footwear retailing through its own, retail stores. Liberty Retail Revolutions Ltd (LRRL), 100% retail subsidiary of the Company has made Preferential Allotment of its 6,50,000 Equity Shares of Rs 10/- each for cash at a premium of Rs 140/- per shares aggregating to Rs 9.75 Crores to expand its existing retail network and also to meet out its long term working capital requirements.
National Mineral Development Corporation Ltd (NMDC) has approved today
1. Issue of Bonus in the ratio of 2: 1 and
2. Splitting of Shares in the ratio of 10:1
3. Enhancement of the paid-up equity capital of NMDC from Rs 150 crore to Rs 400 Crore.
Parsvnath Developers launch of its premium commercial project, Parsvnath Highway Mall, in the city of Rajpura, Punjab. Highway Mall are normally seen in Other countries where they will have food court and other retail outlets that will benefit the travellers a lot , that kind of Highway Mall is going to be build by Parsvnath that will enhance the travelers’ joy by combining comfort and leisure.The project is specifically designed to offer commercial space to house large format stores showcasing range of aspirational brands to customers and will have a total saleable area of approximately 2.30 lac sq. ft.
Ahluwalia Contracts has received following new work orders / letter of intents for
1. Up-gradation and Renovation of Dr. S P M Swimming Pool Complex, New Delhi from Government of India, CPWD, Office of Executive Engineer, Commonwealth Games Division-VI, New Delhi.which Amounts to (Rs in Crores): Rs 230.00 and
2. Chalet Hotel Ltd (K RAHEJA CORP.) at Mumbai, Proposed Hotel Work “Renaissance” Phase-III, Civil & Structural Work at Mumbai which amounts to (Rs in Crores): Rs 111.00.
So The total Value of both orders come to Rs 341.00 Crores.
eClerx Services Limited IPO Listing on Monday December 31, 2007
NSE Symbol: ECLERX
Issue Price was Rs. 315/-
Larsen & Toubro bagged two orders yesterday totalling around 200 million Us dollar which is equal to around 800 crores (Approx).Both the projects was bagged by Larsen & Toubro (Oman) LLC
Order Details
>Larsen & Toubro (Oman) LLC secured the prestigious project of Muscat Golf
Course valued at Rs 433.5 Crores (R.O.42.500 Mn & US$ 110.37 Mn).
>Larsen & Toubro (Oman) LLC, has received two EPC Contracts totaling US$
79.71Mn (Rs 315.20 Cr), from Dhofar Power Company and Muscat Electricity
Distribution Company for Electrical Substations & associated works in Oman.
We can see more revenues coming through this subsidiary.
- Author: Ganapathy
- Filed under: Oil
- Date: Dec 26,2007
Deep Industries has obtained the LOI (Letter of Intent) in respect of contract with Gujarat State Petronet Ltd for Compression of Natural Gas at Olpad for the period of 5 years. The approximate Contract value for gas compression is around RS 30 Crore.
XL Telecom powered up the stock by the news it informed to the market today – XL Telecom & Energy Ltd has decided to enter into POWER GENERATION SEGMENT with initial investments in Spain, the current global destination for Grid Connected Solar Energy.
Classic Diamonds fixes Record Date as for Stock Split – the purpose of Sub-division of Rs 10/- per share of the Company into the shares of Rs 2/- each.
Jagran Prakashan fixes Record Date for Stock Split as January 16, 2008 for the purpose of Sub-Division of face value of Equity shares from Rs 10/- per share to Rs 2/- per share.
- Author: Ganapathy
- Filed under: Engineering
- Date: Dec 26,2007
Kilburn Engineering Ltd has informed the market that they have received LOI from M/s. Deepak Fertilisers & Petrochemicals Corporation Ltd. for Dryer, Pre Dryer & Coating drums aggregating Rs 10.05 crores.Current order book including this order is Rs 74.53 crores.
- Author: kalyan
- Filed under: Auto
- Date: Dec 26,2007
Escorts Ltd has announced a loss after tax of Rs 64.40 million for the year ended September 30, 2007 as compared to net profit of Rs 190.00 million for the year ended September 30, 2006. Total Income has increased from Rs 17809.80 million for the year ended September 30, 2006 to Rs 21021.50 million for the year ended September 30, 2007.
Vijay Shanthi Builders Ltd in association with Milestone Real Estate Fund incorporate has formed a new Company in the name of VIJAY SHANTHI MILESTONE DEVELOPERS PVT which will undertake of more residential projects in and around chennai , the question might be what is Vijay shanthi already doing , right its doing the same business but may be with Milestone Real Estate Fund incorporate which might bring in Fund for projects Vijay shanthi will benefit a lot and there might be lot of new projects in the offing.
BGR Energy Systems Limited IPO closed on December 12, 2007 with Transformers and Rectifiers IPO which came out with allotment status yesterday .BGR Energy IPO was oversubscribed by 119.54 times and 46.8934 times on the retail side.
Check the Allotment status here.
Wipro which is one of the leading IT company in india and India’s third-biggest software exporter is readying its warchest to bid for the famous french consultancy firm Cap Gemini reports Hindustan Times newspaper .
The paper said Wipro’s bid for Europe’s largest computer consultancy could be close to $71 per share.You can see Cap Gemini also rose by 11 percent on this news.But Wipro’s Chief Strategic Officer told the paper that the company will not comment on market speculation, indicating, however, that it is interested in larger deals and aggressively looking for inorganic growth options.
> Cap Gemini bought Kanbay so now wipro might buy Cap Gemini
Transformers and Rectifiers IPO Allotment Status is Ready , Transformers & Rectifiers India Ltd IPO was oversubscribed by 91.31 times .
TRIl IPO allotment status can be checked from here.
- Author: Ganapathy
- Filed under: IPO
- Date: Dec 24,2007
About Manjushree
The Company is engaged in providing advanced packaging solutions through manufacture of Speciality Plastic Packaging products for Multinational Companies in FMCG, Pharma, Food Processing and Agrochemical sectors through an ongoing process of research oriented design and development. The products include Injection / Blow molded PET / PP and Multilayer plastic containers by employing Japanese and European technologies.
About Manjushree Extrusion IPO
>Rights issue of 42,10,800 equity shares of Rs 10 each for cash at a premium of Rs 20 per share aggregating to Rs 12.63 crore
> And Follow on public offer of 51,26,100 equity shares of Rs 10 each for cash at a premium of Rs 35 per share aggregating to Rs 23.07 crore.
>Issue Date
>Rights Issue Opens on January 7, 2008 and close on February 6, 2008,
>Public offer will open on January 31, 2008 and close on February 6, 2008.
Financials
Manjushree registers 126% growth in PAT in September 07 quarter. Key performance highlights for the 2nd quarter ended September 30, 2007. Figures in brackets represent performance for the same quarter in the previous year.
Sales turnover of Rs 1944 Lacs (Rs 1811 Lacs) – Increase by 7%
PBDIT of Rs. 289 Lacs (Rs. 177 Lacs) – Increase by 63%
PBT of Rs. 150 Lacs ( Rs. 83 Lacs) – Increase by 80%
PAT of Rs. 97 Lacs (Rs 43 Lacs) – Increase by 126%
Source : Manjushree Website
- Author: Geetha
- Filed under: Bonus
- Date: Dec 24,2007
Mediaone Global Entertainment Ltd has informed the market that on December 28, 2007, to consider the allotment of Bonus Shares.
- Author: Geetha
- Filed under: Bonus
- Date: Dec 24,2007
Silicon Valley Board on December 31, 2007, inter alia, to consider the proposal of issue of bonus shares to the shareholders.
- Author: Ganapathy
- Filed under: Power Sector
- Date: Dec 24,2007
Suzlon Energy signs new order with ONGC for 51 MW of wing turbine capacity. The order, to be supplied in 34 units of Suzlon’s S82 – 1.5 MW turbines, will be installed as part of a project in the Kutch region of Gujarat, India.
India Infoline – Orient Global Invests Rs 555 crores (approximately USD 141 million) in the Company and its Insurance Subsidiary subject to shareholder and other approvals, if any. Orient Global will acquire 3.7 million shares in India Infoline Ltd representing 6.48% of the current equity capital.
Nagarjuna Construction Company Ltd has informed the market that it had recently bagged a major order from the Govt of Oman for the prestigious Wadi Adai Al Amerat Road project. The Project cost is estimated to be around Omani Riyals 56.549 million (Rs 570 Crores). The proposed 7.5 km road is to be completed in 18 months. The project among others involves the construction of six new bridges of varying lengths, nine box culverts and one single lane bridge.
Temptation Foods today entered into an marine export Agreement with a South India based Company for an undisclosed amount. This will give them more international exposureand also access to a number of International clients. of the South indian company.
- Author: Ganapathy
- Filed under: Stock Splits
- Date: Dec 24,2007
Triton Corp Board approves stock split of the Company from Rs 2/- per share to Re 1/- per share. On February 04, 2008 they will get approval from shareholders and inform the record date for the same .
- Author: Ganapathy
- Filed under: Engineering
- Date: Dec 24,2007
Petron Engineering Construction Ltd has received following two Orders from M/s. Madras Cements Ltd Ariyalur, Tamil Nadu for Rs 6.00 Crores (Rupees Six Crores only) and Rs 3.61 Crores (Rupees Three Crores Sixty One lakhs only) two projects totally for Erection, Testing & Commissioning of Electrical and Instrumentation Equipment.
- Author: Ganapathy
- Filed under: Technology
- Date: Dec 24,2007
Allied Computers witnessed some good buying there was time it was at upper freeze but closed in red today after comepany announced some mroe info on the industry’ first full featured laptop for Rs 15,000 running VIA 1.0 GHz ULV CPU, 512MB RAM, 40GB HDD, WiFi ready. Not only this laptop is ideal for new users wanting to acquire a laptop at this lowest budget price but also caters for their future needs of current users, that is, weight, battery life and connectivity on the move. The laptop will house 7″ TFT screen and will weigh 950 grams. Being the size of a simple diary, this new laptop will fit nicely within ones briefcase or carry bag without adding weight to ones shoulder. The price factor and the features of this new model makes this product suitable for both first time buyers and second users of all segments of the Indian industry, i.e. Retail, Education, SME and the Corporate.They are almost planning to sell 50000 Laptop .
- Author: Ganapathy
- Filed under: Telecom
- Date: Dec 24,2007
Spanco Telesystems & Solutions Ltd has informed the market that they had been awarded eSeva Contract from EDS (Andhra Pradesh Government) under BOOMT Model for Hyderabad, Secundrabad and Ranga Reddy Districts .The total size of the Project Outlay would be approximately 40 croresover a period of 5 years.
- Author: Ganapathy
- Filed under: india
- Date: Dec 24,2007
Market up by almost 600 points at around 1.15 , Asian market open the day on a green note after getting news of a stronger-than-expected US consumer spending and also the indian market also cheered a comfortable victory for Bharatiya Janata Party (BJP) in the Gujarat state election, as it helped lessen worries that the ruling Congress party could call an early national election.all the gujarath based sock some or other way raised by 1 to 5 percent.
Sensex wise raise
Fund Name Sahara Classic Fund
Mutual Fund Family : Sahara Mutual Fund
Objective of Scheme : The investment objective of the scheme is to generate returns by investing mainly in debt and debt related instruments including money market instruments and also to invest a portion of the fund in equity and equity related instruments to seek capital appreciation.
Scheme Type Open Ended/Income
New Fund Launch Date 18-Dec-2007 closing on 16-Jan-2008
Offer Price (Rs.) 10
Minimum Subscription Amount : 5000
Fund Website : http://www.saharamutual.com
Fund Name : Birla Sun Life Special Situations Fund
Mutual Fund Family : Birla Sun Life Asset Management Company Ltd.
Issue Open from 17-Dec-2007 to 15-Jan-2008
Scheme Objective
Birla Sun Life Special Situations Fund is an open ended diversified equity scheme. The objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The scheme would follow an investment strategy that would take advantage of special situations and contrarian investment style.
Fund Class Equity Diversified/Open – Ended
Investment plan Growth
Fund Manager A. Balasubramaniam
Entry Load 2.25 %
Exit Load 0.50 %
.
- Author: Ganapathy
- Filed under: Engineering
- Date: Dec 20,2007
PSL has bagged the contract for supplying coated line pipes and long radius bends for 200 kilometer long Dullajan Numaligarh pipeline in Assam.PSL’s net profit rose 41.5% to Rs 19.13 crore on 60.9% growth in net sales to Rs 496.45 crore in Q2 September 2007 over Q2 September 2006.
Nagarjuna construction rose today after winning two order valued at 307 crore.One of the two orders, valued at Rs 230 crore, is from the Dakshin Haryana Bijli Nigam (DHBNL),The project is to be executed within 12 months.The other order, valued at Rs 77 crore, is from Thane Municipal Corporation, Thane, Maharashtra for water supply scheme. The project is to be executed within 27 months.
- Author: Ganapathy
- Filed under: SEBI
- Date: Dec 20,2007
SEBI permits short selling by institutional investors on the basis of following
procedures.
1. “Short selling” shall be defined as selling a stock which the seller does not
own at the time of trade.
2. All classes of investors, viz., retail and institutional investors, shall be
permitted to short sell.
3. Naked short selling shall not be permitted in the Indian securities market
and accordingly, all investors would be required to mandatorily honour
their obligation of delivering the securities at the time of settlement.
4. No institutional investor shall be allowed to do day trading i.e., square-off
their transactions intra-day. In other words, all transactions would be
grossed for institutional investors at the custodians’ level and the
institutions would be required to fulfill their obligations on a gross basis.
The custodians, however, would continue to settle their deliveries on a net
basis with the stock exchanges.
5. The stock exchanges shall frame necessary uniform deterrent provisions
and take appropriate action against the brokers for failure to deliver
securities at the time of settlement which shall act as a sufficient deterrent
against failure to deliver.
6. A scheme for Securities Lending and Borrowing (SLB) shall be put in place
to provide the necessary impetus to short sell. The introduction of a fullfledged
securities lending and borrowing scheme shall be simultaneous
with the introduction of short selling by institutional investors.
7. The securities traded in F&O segment shall be eligible for short selling.
SEBI may review the list of stocks that are eligible for short selling
transactions from time to time.
8. The institutional investors shall disclose upfront at the time of placement of
order whether the transaction is a short sale. However, retail investors
would be permitted to make a similar disclosure by the end of the trading
hours on the transaction day.
9. The brokers shall be mandated to collect the details on scrip-wise short
sell positions, collate the data and upload it to the stock exchanges before
the commencement of trading on the following trading day. The stock
exchanges shall then consolidate such information and disseminate the
same on their websites for the information of the public on a weekly basis.
- Author: Ganapathy
- Filed under: IPO
- Date: Dec 20,2007
PACL IPO Allotment Chances is firm for all , as it has tottally subscribed by only mere 1 time and the retail side by not more than 2 times , so not sure what would happen on the listing day , it depends on how the market is trading on the listing day.
Precision Pipes IPO Allotment will be easy for retail with which its going now at 4.00 clock , its subscribed by 7.2 times as of 4.00 clock max it can go to 10 or so not more than that and with the way how its doing on the retail side it might subscribe by 5 times or 8 times on the retail side not more than that , so allotment might be easy for retail for full application of 1 lac and for some odd lots also allotment might be firm we will decide that after we get the final figure.
Update at 7.30 PM
Total subscription is 10 times but retail is 18 times , so it has become lottery system again .
1 Qualified Institutional Buyers (QIBs) 2678571 13484790 5.0343
2 Non Institutional Investors 803572 6896610 8.5824
3 Retail Individual Investors (RIIs) 1875000 35063145 18.7003
- Author: Ganapathy
- Filed under: Bank
- Date: Dec 20,2007
The IFCI deal is off. The IFCI board has decided to call off the 26 percent stake sale.Out of all the bidders they had selected the consortium of Sterlite Industries and Morgan Stanley , But they had asked for virtual control of the institution’s management with three nominees and two independent directors. In addition, Sterlite also wanted a covenant under which the appointment of the chief executive officer needs its affirmative consent, which might have got IFCI worried that it might loose control of IFCI , IFCI which was trading at 11 rs previous year and which started raising from 55 rs to this level after informing stake sale , will see a good sell off today.
Update : Stock is down by 22 percent
Manaksia IPO Allotment is also a no brainer we can easily come out , the IPO has totally subscribed by 9 times and on the retail side not more than 5 times .
subdivision
1 Qualified Institutional Buyers (QIBs) 7700000 105459720 13.6961
2 Non Institutional Investors 2310000 6300480 2.7275
3 Retail Individual Investors (RIIs) 5390000 27438360 5.0906
4 Employee Reservation 100000 4920 0.0492
Aries Agro IPO allotment might be a no brainer the total time it has subscribed is not more than 7.62 times and the retail portion not more than 6 times , so firm allotment is possible for retail investor above 5 lots.
Subdivision
1 Qualified Institutional Buyers (QIBs) 2250000 18358450 8.1593
2 Non Institutional Investors 675000 5743950 8.5096
3 Retail Individual Investors (RIIs) 1575000 10180850 6.4640
- Author: Ganapathy
- Filed under: Stock Splits
- Date: Dec 19,2007
Global Broadcast News Ltd has informed the marke that ion the meeting that took place today they have approved following 2 resolutions
1. Scheme of Arrangement with BK Fincap Pvt Ltd and Jagran TV Pvt Ltd for consolidation of IBN-7 Channel with the Company. and also
2. Split the equity share of the Company from the present Rs 10/- per equity share to Rs 2/- per equity share.
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