Dividend and Record Date between October 1st 2010 to October 10th 2010 and stocks going EX Date for this coming week.
||Stock Split from Rs. 10/- to Re. 1/-
||State Bank BikJpr
||Consolidation of Shares
||Shree Renuka Sug
||Stock Split from Rs. 10/- to Rs. 5/-
||Stock Split from Rs. 10/- to Rs. 2/-
||State Bank Trav
||Scheme of Arrangement
L&T has informed the market that it has bagged 2 order worth 700 crores together .
>On speaking on the order info it said it has bagged an order worth Rs 375 crore from Jabalpur Municipal Corporation. The scope of work includes the construction of 210 km of underground drains, comprising of RCC pipes and RCC drains for Jabalpur city in Madhya Pradesh. The project is funded under JNNURM scheme and the order has to be executed 30 months time.
>The second order is for Rs 165 crore from Haryana State Industrial and Infrastructure Development Corporation for development of infrastructure facilities like water supply, wastewater collection, storm water drainage and associated works for the industrial estates located in Panipat and Rai. The execution time for the order is 21 months.
Food inflation data came out today and its at increased pace to 16.44 per cent during the week ending September 18 2010 , The main reason for the raise is as the prices of cereals, fruits, select vegetables and milk rose on account of supply disruptions due to heavy rains and floods.When comparing the Week-on-week, food inflation climbed 0.98 percentage points from 15.46 per cent in the week ended September 11.So almost for 5th week the Food inflation is raising .
Mahindra Mojo is getting released tomorrow , and iots a 300 CC bike first of its kind in india.
The Mojo’s engine specs are as follows:
– 292cc, single cylinder, liquid cooled, 4-valves DOHC construction
– 26PS of peak power @8500 rpm
– 24Nm of peak torque @7000 rpm
– Ducati ‘Energia’ electronic fuel injection system
The bike also has the largest front disc rotor found on any Indian bike. Soak yourself in the views of this fabulous new bike as we prepare more info for you.
TECPRO SYSTEMS LIMITED IPO which closed yesterday had the IPO Price Range from Rs 340 to Rs 355.IPO has got totally got subscribed by 24.47 times.
Total Issue Size 6227000
Total Bids Received 152397480
Total Bids Received at Cut-off Price 16767360
No. of times issue is subscribed 24.47
Subscription by Category
1 Qualified Institutional Buyers (QIBs) 3087000 86408415 27.99
2 Non Institutional Investors 735000 45921945 62.48
3 Retail Individual Investors (RIIs) 2205000 19996350 9.07
4 Employee Reservation 200000 70770 0.35
TECPRO SYSTEMS LIMITED IPO Allotment Detail can be found here.
Ashoka Buildcon Limited IPO which had its IPO closed yesterday , the price range was from Rs 297 to Rs 324 .The IPO got subscribed by 15.94 times.
Total Issue Size 6218940
Total Bids Received 99155637
Total Bids Received at Cut-off Price 6609834
No. of times issue is subscribed 15.94
IPO subscription by category
1 Qualified Institutional Buyers (QIBs) 3165909 80792565 25.52
2 Non Institutional Investors 753788 10483284 13.91
3 Retail Individual Investors (RIIs) 2261364 7834008 3.46
4 Employee Reservation 37879 45780 1.21
Ashoka Buildcon Limited IPO Allotment can be found here
VA Tech Wabag Limited which had its IPO alosed yesterday had the Price Range from Rs. 1230/- to Rs. 1310/- ,The ipo got subscribed by 36 times .
Total Issue Size 3128507
Total Bids Received 113301785
Total Bids Received at Cut-off Price 9998550
No. of times issue is subscribed 36.22
Subscription by category
1 Qualified Institutional Buyers (QIBs) 1293684 46736450 36.13
2 Non Institutional Investors 550447 55586055 100.98
3 Retail Individual Investors (RIIs) 1284376 10979280 8.55
VA Tech Wabag Limited IPO Allotment Status can be found here.
Electrosteel Steels Limited IPO
Total Issue Size 225516188
Total Bids Received 1856319600
Total Bids Received at Cut-off Price 372953400
No. of times issue is subscribed 8.23
The ipo which closed on 23rd or so had price range of 10 to 11 rs.The ipo closed with 6.19 times on the retail side.
Electrosteel steels Limited IPO allotment status can be seen here http://mis.karvycomputershare.com/ipo/
Ramky Infrastructure Limited ipo closed with total subscription of 2.89 times .
Total Issue Size 10947294
Total Bids Received 31621464
Total Bids Received at Cut-off Price 3096856
No. of times issue is subscribed 2.89
Retail times was subscribed by just 1 time or so .
Ramky Infrastructure Limited IPO allotment status can be found here.
Compucom Software Ltd has informed the marke that the Company has been awarded a prestigious order by Rajasthan Council of Elementary Education, under Sarv Shiksha Abhiyan of Govt., for providing Computer Aided earning Programme (CALP) on the basis of BOOT Model in 836 Govt. Schools of Rajasthan. The Order value is worth Rs. 10.4 Crores (Approx).
Steel Strips Wheels Ltd has informed the market that they have been awarded yet another business by leading suppliers based in Germany catering to the European after market. These orders are repeat. First order is appx 5,000 wheels with a foreign exchange earning of nearly Euros 55,000. SSWL is pretty confident of getting repeat business from this organisation.
Octant Interactive Technologies Ltd has informed the market that the Company has procured USD 1.02 Million worth Export Orders for Castor Derivatives to Countries namely Canada, USA, KSA, Tunisia for customers continental Links, Rita Corp, Saudi Arabian Lubricating Oil Co and Prochimat respectively.
Nexxoft Infotel Ltd has informed the market that the Company has bagged an order worth 15.5 Crore INR from an international hotel chain for providing security solutions using its state of the art security solution package for its properties mainly based in the Middle East. The order would be executed in phases over a period of 15 months.
MIC Electronics Ltd has informed the market that the company has secured orders for provision of LED display systems and electronic indication boards worth Rs. 2.40 cr from the South Central Railway, worth Rs. 4.11 cr from the Northern Railway and worth Rs. 1.04 cr from the South Western Railway to implemented before the end of this month. – The Company has also bagged orders for LED Street Lights, Down Lights worth Rs. 4.37 cr from various other corporates and SEZs.
Cupid Ltd has informed the marke that the Company has been awarded order for Supply 61.24 Million pcs of condoms (Nirodh) from the Ministry of Health and Family Welfare, Government of India aggregating amounting to Rs. 963.38 Lacs.
MICROSEC FINANCIAL SERVICES LIMITED IPO
Symbol – Series MICROSEC EQ
Issue Period Sep 17, 2010 to Sep 21, 2010
Post issue Modification Period September 22, 2010
Issue Size Public Issue of 125,00,000 Equity Shares of Rs. 10/- each
Issue Type 100% Book Building
Price Range Rs 113 to Rs 118
Tick Size Re. 1/-
Market Lot 52 Equity Shares
Minimum Order Quantity 52 Equity Shares
IPO Grading IPO Grade 2 by Rating Agency CRISIL
MICROSEC FINANCIAL SERVICES LIMITED IPO Allotment can be see here.
The IPO has already subscribed by 1.57 times .
EROS INTERNATIONAL MEDIA LIMITED IPO
Symbol – Series EROS EQ
Issue Period Sep 17, 2010 to Sep 21 2010
Post issue Modification Period Sep 22 2010
Issue Size Issue size of upto [.] shares aggregating to Rs. 3,500 million(including anchor portion of 3600000 shares)
Issue Type 100% Book Building
Price Range Rs. 158/- TO Rs. 175/-
Market Lot 40 Equity Shares
IPO Grading IPO Grade 4 by Rating Agency CARE
EROS INTERNATIONAL MEDIA LIMITED IPO Allotment Details can be seen here.
On September 20th that is this morning the IPO was not still fully subscribed it at .79 times subscription.
Symbol – Series CPIL EQ
Issue Period Sep 16, 2010 to Sep 21 2010 [* For QIB bidders Issue closes on Sep 20, 2010]
Post issue Modification Period Sep 22 2010
Issue Size Public issue of up to [.] equity shares of Rs. 10/- each aggregating to Rs.1150 million.(including Anchor Portion of 656,040 equity shares)
Issue Type 100% Book Building
Price Range Rs 295 to Rs 310
Market Lot 20 Equity Shares
Minimum Order Quantity 20 Equity Shares
IPO Grading IPO Grade 3 by Rating Agency CARE
Subscribed by 1.27 times on september 20th 2010.
CAREER POINT INFOSYSTEMS LIMITED IPO Allotment status can be found here.
Reserve Bank of India which was too much worried about inflation and the government not taking too many good measures for taming the same has said that the growth in headline inflation is the biggest concern for the RBI.And to curtail the higher inflationary growth, RBI hikes repo and reverse repo rate by 25 and 50 bps respectively.
Inflation data was released and this is one of the reason what my previous post is for the Inflation is going on its high like anything , the data was really bad because of Higher prices of milk, wheat, fruits and cereals , the annual inflation rate of India’s prices of food, as measured by the WPI, for the week ending September 4 was put up at 15.10 per cent from the 11.47 per cent of the preceding week.The rate of inflation for the corresponding week in the preceding year was 14.64 per cent. The annual rate of inflation, calculated on point to point basis, stood at 16.22 percent (Provisional) for the week ended 04/09/2010 (over 05/09/2009) as compared to 15.43 percent (Provisional) for the previous week (ended 28/08/2010).
The index for ‘Non-Food Articles’ group rose by 0.1 percent to 153.3 (Provisional) from 153.2 (Provisional) for the previous week due to higher prices of raw silk (13%), raw rubber (3%) and copra (2%). However, the prices of rape & mustard seed (4%), gingelly seed (sesamum) (2%) and castor seed and fodder (1% each) declined.
Rishi Packers Ltd has informed the market that the Company has received order for supply of shade nets from a domestic Company for 2.50 lac sq. meters. worth Rs. 5 million and export order for supply of 2 lac Sq.meters worth Rs. 3 million.
Atlanta Ltd has informed the market that the Company which togeather in a consortium has received order amounting to Rs. 163.11 crore from Government of Mizoram, Office of the Chief Engineer, PWD, Highway, Mizoram: Aizawl , the order is for the Execution of construction of new 2-lane Highway from km 38/00 to km 71/00 (length = 33.00km) in Mizoram to support Kaladan Multi Modal Transport Project in phase “A” of SARDP-NE (Job No. SARDP-NE/State Road/MZ/PWD/2010-13.-159) package No.-MM-II.
Ashok Leyland, informed the market yesterday that the company has bagged an order for 2,850 buses from the Institute for Road Transport (IRT), the nodal agency for procurement of vehicles for the state of Tamil Nadu. The order includes a requirement from MTC for 150 vehicles conforming to BS IV emission norms and is the very first such order to be received from a State Transport Undertaking.
ARSS Infrastructure Projects Ltd has informed the maket that the Company has received a new work order from Office of the Chief Engineer, PWD., Highway, Mizoram on September 15, 2010, the value of the order is for Rs. 163.11 crores.