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November 30, 2007
Parle Software Bonus - Board recommends 3 is to 1 bonus
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).
Posted by rupya at 11:29 PM
Comp U Learn signs work order worth 4 crores with NPR Solutions
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.
comp_u_learnorder_newsupper_circuit Stock Quote | Tags | comp_u_learnPosted by rupya at 11:20 PM
Punj Lloyd group bags Rs 1272 crore LTA Project in Singapore
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.
order_newspunj_lloyd Stock Quote | Tags | punj_llyodPosted by rupya at 11:17 PM
Exide Industries Rights Issue - Record date is December 17, 2007
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 .
Exiderecord_daterights_issue Stock Quote | Tags | Exide_indsutriesPosted by rupya at 11:12 PM
Asian Oilfield secures order worth around 60 crores from ONGC
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.
Asian Oilfieldorder_news Stock Quote | Tags | Asian_OilfieldPosted by rupya at 11:11 PM
GMR Energy IPO - Is GMR Energy IPO slated to come in Q1 2008
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.
Posted by rupya at 10:27 PM
November 29, 2007
Market is too volatile - Be careful
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
Posted by rupya at 7:50 PM
L&T Infotech IPO - will be hitting market in 2008
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.
Posted by rupya at 7:46 PM
Dow Jones finally striked good gain
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.
Posted by rupya at 9:19 AM
November 28, 2007
Mahindra Holidays and Resorts IPO - To file for DRHP by next week
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.
drhpipomahindrasebi Stock Quote | Tags | m&mPosted by rupya at 11:32 PM
OnMobile Global IPO - In the pipeline
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.
ipoOnmobile_Globalsebi Stock Quote | Tags | onmobile_globalPosted by rupya at 11:26 PM
Dividend delcared on November 28th 2007
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
Posted by rupya at 11:23 PM
Jaiprakash Associates soars on rumour news
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.
Posted by rupya at 11:17 PM
Market was too volatile had swing of 500 points
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.
Posted by rupya at 11:09 PM
Indian Bank has rose from 150 to 195 rs this week
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.
Posted by rupya at 11:04 PM
Indian Market will be volatile today also
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.
Posted by rupya at 9:31 AM
US Market up supported by Banking Index
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%
Posted by rupya at 8:30 AM
November 27, 2007
Jyothy Labs IPO Allotment - Good Chances for the Retail
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.
ipoipo_allotmentjyothy_lab Stock Quote | Tags | jyothy_labPosted by rupya at 11:36 PM
Jyothy Labs IPO oversubscribed by 45 times
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.
ipoipo_oversubscriptionjyothi_lab Stock Quote | Tags | jyothy_labsPosted by rupya at 11:33 PM
Indiabulls Real Estate into Retail WholeSale
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.
indiabullretail_market Stock Quote | Tags | indiabullPosted by rupya at 11:28 PM
Reliance Power IPO Grey Market rates might change now
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.
grey_marketreliance_powerreliance_power_ipo Stock Quote | Tags | reliance_powerPosted by rupya at 10:47 PM
Reliance Power IPO change in Face value from 2 rs to 10 rs
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 .
iporeliance_powerreliance_power_iposebi Stock Quote | Tags | reliance_powerPosted by rupya at 10:41 PM
Reid and Taylor IPO - soon to hit the primary market
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.
ried_taylorskumar Stock Quote | Tags | skumarPosted by rupya at 10:33 PM
Ashok Leyland inched up by 20 percent
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.
ashok_leyland Stock Quote | Tags | ashok_leylandPosted by rupya at 7:46 PM
eClerx Services IPO - Opening on December 4th 2007
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.
Posted by rupya at 7:36 PM
US Market will drag the Global market down today
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.
Posted by rupya at 6:58 AM
November 26, 2007
BGR Energy IPO opens on December 9th 2007
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
Posted by rupya at 10:01 PM
Empee Distilleries IPO is a Big FLOP
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.
empeeipoipo_listing Stock Quote | Tags | empeePosted by rupya at 9:59 PM
Corporate Actions - Company going EX Date until December 7th 2007
Posted by rupya at 9:55 PM
Dividend and Record date declared for November 26th 2007
Posted by rupya at 9:51 PM
Reliance Industries sells 4.01% of RPL's equity for Rs 4,023 crore
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 .
Posted by rupya at 4:26 PM
Walchandnagar Industries announces Dividend,Bonus Issue and Sub Division
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
Posted by rupya at 4:23 PM
Morellato India Pvt Ltd - Gitanjali Gems new Joint Venture
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.
geetanjalijoint_venture Stock Quote | Tags | geetanjaliPosted by rupya at 4:22 PM
Sadbhav Engineering awarded project worth 99.01 crores
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.
order_newsSadbhav_Engineering Stock Quote | Tags | sadbhav_engineeringPosted by rupya at 4:20 PM
IVRCL Bags Orders worth Rs 329.32 Crores
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
Posted by rupya at 4:19 PM
Parsvnath Retail Ltd - Parsvnath Debelopers into retail business
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.
Parsvnath_Developersretail_market Stock Quote | Tags | parsvnathPosted by rupya at 4:18 PM
Sadhana Nitro Board plans for Rights Issue
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.
rights_issuesadhana_nitro Stock Quote | Tags | sadhana_nitroPosted by rupya at 4:16 PM
November 24, 2007
Reliance Power in race for Talwandi Sabo Project in Punjab
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.
iporeliance_power_ipo Stock Quote | Tags | reliance_powerPosted by rupya at 10:24 PM
UTI Infrastructure Advantage Fund - New Fund offer
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.
Posted by rupya at 7:28 PM
Mutual Fund Dividend declared until November 28th 2007
Posted by rupya at 7:23 PM
November 23, 2007
BSNL IPO - This time will it really takeoff
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.
bsnlipo Stock Quote | Tags | bsnlPosted by rupya at 11:30 PM
V-Guard Industries IPO files for DRHP with sebi
|
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). |
Posted by rupya at 11:15 PM
Mundra Port and SEZ Ltd IPO listing on Tuesday, November 27, 2007
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.
Posted by rupya at 11:07 PM
Mundra port IPO allotment status is now available in website
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.
Posted by rupya at 7:18 PM
Allied Computer international debuted at 21 rs against issue price of 12
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.
aciipoipo_listing Stock Quote | Tags | aciPosted by rupya at 3:59 PM
Barak valley cement closed after modest gain
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 .
bvclipoipo_listing Stock Quote | Tags | bvclPosted by rupya at 3:52 PM
Puravankara Projects bags into land deal in Hyderabad worth 630 crore
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.
Posted by rupya at 1:02 PM
CS Software Enterprise bags order worth 33 lacs
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.
cs_softwareorder_news Stock Quote | Tags | cs_softwarePosted by rupya at 1:00 PM
XL Telecom receives order worth Rs 658 Millions
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.
Posted by rupya at 12:58 PM
Simplex Infrastructures bags order worth 580 crore
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.
Posted by rupya at 12:42 PM
Siemens Bonus Issue - Siemens announces 1 is to 1 bonus
Siemens Announces Bonus Issue
Siemens board has approved 1:1 bonus issue, and also
>Merger of Siemens Industrial Turbomachinery Services with itself.
siemens announces Quarter results which almost doubled
Siemens has posted 76.93% growth in its consolidated net profit of Rs 692.85 crore for the year ended 2007 as against Rs 391.6 crore in same period of last year.Consolidated revenues went up by 55.47% to Rs 9378.6 crore from Rs 6032.23 crore.
Posted by rupya at 12:08 PM
November 22, 2007
Bharat Heavy Electricals bags order worth 2108 crore from jharkhand
Bharat Heavy Electricals had bagged a Rs 2,108-crore order to supply steam generators and turbines for the upcoming Maithon Right Bank Thermal Power Project in Jharkhand.But BHEL wad down 2.30% to Rs 2428 .
bhelorder_news Stock Quote | Tags | bhelPosted by rupya at 9:58 PM
Hindustan Dorr-Oliver bags order 111.50 crore from HPCL
Hindustan Dorr-Oliver bags order worth 111.50 crore order from HPCL for design, supply, engineering and construction of integrated effluent treatment plantbut the stock declined 3.29% to Rs 160 at 11:31 IST on BSE, The order value is close to Rs 111.50 crore. The contract is to be executed within 18 months.
Hindustan_Dorr_Oliver Stock Quote | Tags | hindustan_dorrPosted by rupya at 9:54 PM
Varun Industries up by 87.75 percent on the opening day
Varun Industries settled at Rs 112.65 on BSE, a premium of 87.75% over IPO price of Rs 60.Mumbai-based Varun Industries is an exporter of stainless steel kitchenware, table ware, pet ware and other utility items. The company has its manufacturing plant and warehouse at Vasai, near Mumbai.
ipoipo_listingVarun_Industries Stock Quote | Tags | varun_industriesPosted by rupya at 9:50 PM
Mundra port IPO allotment status
Mundra port IPO allotment status is ready but the site is not showing the tectbox to type in the application number soon it should be fixed .
Check the allotment status here.
Posted by rupya at 8:01 PM
Allied Computers International IPO listing tomorrow November 23, 2007
Allied Computers International (Asia) Limited IPO listing on Friday, November 23, 2007
BSE Script Code: 532919
NSE Symbol: ACIASIA
Issue Price: Rs 12/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
Posted by rupya at 7:58 PM
Rathi Bars Limited (RBL) IPO listing tomorrow November 23, 2007
Rathi Bars Limited (RBL) IPO listing on November 23, 2007
BSE Script Code: 532918
Issue Price: Rs 35/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
Posted by rupya at 7:57 PM
Empee Distilleries Limited IPO listing on monday November 26, 2007
Empee Distilleries Limited IPO listing on Monday, November 26, 2007
BSE Script Code: 532920
NSE Symbol: EDL
Issue Price: Rs 400/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
Posted by rupya at 7:55 PM
Kotle Patel Developers IPO oversubscribed by 46.18 times
Kotle Patel Developers IPO oversubscribed by 46 times which is like almost 44 times on the last day , so retail might be some where around 10 times or so .
Total Issue Size 19000836
Total Bids Received 877435480
Total Bids Received at Cut-off Price 102326480
No. of times issue is subscribed 46.18
Posted by rupya at 7:52 PM
November 21, 2007
Barak Valley Cements Limited IPO listing on friday November 23 2007
Barak Valley Cements Limited (BVCL) IPO Listing on Friday, November 23, 2007
BSE Script Code: 532916
NSE Symbol: BVCL
Issue Price: Rs 42 Per Equity share
Face Value: Rs 10/- Per Equity Share
Posted by rupya at 9:53 PM
Varun Industries Limited IPO Listing tomorrow november 22 2007
Varun Industries Limited IPO Listing on Thursday, November 22, 2007
BSE Script Code: 532917
NSE Symbol: VARUN
Issue Price: Rs 60/- Per Equity Share
Face Value: Rs 10/- Per Equity Share
Posted by rupya at 9:47 PM
Religare Enterprises closes at 521.70 on the first day
Religare Enterprises ends with 182% premium At Rs 521.70 on BSE a premium of 182% over IPO price of Rs 185.The stock debuted at Rs 323.75, a premium of 75% over the IPO price. It touched a high of 600 and a low of 323.75.
ipo_listingreligare Stock Quote | Tags | religare_enterprise
Posted by rupya at 9:44 PM
Patels Airtemp India bags order worth 3.7 crore
Patel Airtem india has announced that it has secured Rs 3.70 crore export order from UDHE Gmbh, Germany for shell and tube heat exchangers. Patels Airtemp India declined 6.84% to Rs 79
order_newspatel_airtemp Stock Quote | Tags | patel_airtempPosted by rupya at 9:39 PM
Kidco IPO is fully subscribed on the second day
Kidco IPO which is closign on friday is fully subscribed today and the retail side is almost subscribed by half .
Kidco IPO info
Symbol - Series KIDCO EQ
Issue Period November 20, 2007 to November 23, 2007
Issue Size 8500000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs 50 TO Rs 60
Tick Size Re. 1/-
Market Lot 100 shares
Minimum Order Quantity 100 shares
Maximum Subscription Amount for Retail Investor Rs.100000
Posted by rupya at 9:36 PM
KOLTE PATIL DEVELOPERS LIMITED IPO oversubscribed by 2.69 times
KOLTE PATIL DEVELOPERS LIMITED IPO oversubscribed by 2.69 times and on the retail side also its subscribed by 1 time , it might see some good subscription on the retail and overall side by tomorrow which is the closing day for the IPO.
kotle_patil_developers Stock Quote | Tags | kotle_patelPosted by rupya at 9:33 PM
RENAISSANCE JEWELLERY LIMITED IPO oversubscribed by 23.63 times
RENAISSANCE JEWELLERY LIMITED oversubscribed by 23.63 times .
Total Subscription
Total Issue Size 5324240
Total Bids Received 125822835
Total Bids Received at Cut-off Price 18170910
No. of times issue is subscribed 23.63
Bid Details
1 Qualified Institutional Buyers (QIBs) 23.1286
2 Non Institutional Investors 55.9297
3 Retail Individual Investors (RIIs) 10.5095
Assumption for allotment
Good to hear that on the retail side its only 10.5 times , if they want to allot it to everyone in the retail side then they might allot 25 shares or so to everyone who has applied for 1 lac.We will see the results soon.
Posted by rupya at 9:19 PM
November 20, 2007
KOLTE PATIL DEVELOPERS LIMITED IPO
KOLTE PATIL DEVELOPERS LIMITED
Symbol - Series KPDL EQ
Issue Period November 19, 2007 to November 22, 2007
Issue Size 19000836 Equity Shares
Issue Type 100% Book Building
Face Value Rs.10/-
Price Range RS 125 to RS 145
Tick Size Re. 1/-
Market Lot 40 shares
Minimum Order Quantity 40 shares
Maximum Subscription Amount for Retail Investor Rs.100000
KOLTE PATIL DEVELOPERS LIMITED is subscribed only by .63 times and on the retail side its .39 times , it has still 2 more days to close.
Posted by rupya at 10:40 PM
RENAISSANCE JEWELLERY LIMITED IPO issue closes tomorrow
RENAISSANCE JEWELLERY LIMITED IPO is closing tomorrow
Symbol - Series RJL EQ
Issue Period November 19, 2007 to November 21, 2007
Issue Size 5324240 Equity Shares
Issue Type 100% Book Building
Face Value Rs.10/-
Price Range RS 125 to RS 150
Tick Size Re. 1/-
Market Lot 45 shares
Minimum Order Quantity 45 shares
Totally the IPO as subscribed by not more than 2 times and on the retail its .5 times.
Posted by rupya at 10:36 PM
Edelweiss IPO on retail side got subscribed by 17 times
1 Qualified Institutional Buyers (QIBs) 153.1465 Times
2 Non Institutional Investors 164.3048 Times
3 Retail Individual Investors (RIIs) 17.2171 Times
4 Employee Reservation 10.1774 Times
So on lottery basis for those who had applied for 99000 1 :2 applicant might get allotment you may never know .
edelweiss_capitalipoipo_oversubscription Stock Quote | Tags | edelweissPosted by rupya at 10:17 PM
Edelweiss Capital IPO limited oversubscribed by 111 times on the final day
EDELWEISS CAPITAL LIMITED IPO which saw its closing date today totally subscribed by 110 times which is almost like 80 times on the last day , according to sources the institutional side is almost subscribed by 110 times and retail may be anywhere from 10 to 15 times , if its an approximate of 12 times on the retail side , then retailers can expect 1 lot of 12 share as a firm allotment . The good thing is the retail side dint subscribe like how it happened for Religare.
Total Issue Size 8386147
Total Bids Received 930559088
Total Bids Received at Cut-off Price 40312568
No. of times issue is subscribed 110.96
Posted by rupya at 9:22 PM
EDELWEISS CAPITAL LIMITED IPO subscribed by 22.3 times before 11.00 clock on the closing day
Edelweiss IPO subscribed by 22.3 times before lunch.
Total Issue Size 8386147
Total Bids Received 187035056
Total Bids Received at Cut-off Price 5348688
No. of times issue is subscribed 22.30
Posted by rupya at 12:01 PM
Allied Computers International IPO - ACi IPO Allotment Status
ACi IPO Allotment Status is ready and can be checked here.
P.S : Think they are having problem with IIS so its asking for user id and password.
Posted by rupya at 11:58 AM
Varun Industries IPO Allotment Status
Varun Industries IPO Allotment Status can be checked here .
P.S : Think they are having problem with IIS so its asking for user id and password.
Posted by rupya at 11:54 AM
November 19, 2007
Rathi Bars IPO allotment status
Rathi Bars IPO allotment status is ready and can be checked here
ipoipo_allotmentrathi_bars_ipo Stock Quote | Tags | rathi_barsPosted by rupya at 10:39 PM
EMPEE DISTILLERIES LIMITED IPO allotment status
EMPEE DISTILLERIES LIMITED IPO allotment status is ready and can be checked here.
empeeipoipo_allotment Stock Quote | Tags | empee_distilleriesPosted by rupya at 10:33 PM
Pratibha Industries bags order worth 49.49 crores
Pratibha Industries Ltd has secured a contract for 'Replacement of Rising Mains and Laying of New Rising Mains and Gravity Mains in Jammu City' from Jammu & Kashmir Economic Reconstruction Agency. The total value of the contract is Rs 49.49 crores.The project is to be completed in 18 months.
order_newsprathibha_industries Stock Quote | Tags | prathibha_industiresPosted by rupya at 7:46 PM
larsen toubro and a JV company had bagged order worht 275 crore from DMRC
Larsen & Toubro Ltd (L&T) has informed market that the Company in association with Shanghai Urban Construction (Group) Corporation has secured a Design & Build contract valued at Rs 275 crore from Delhi Metro Railway Corporation Ltd (DMRC). The contract is for the construction of 2.4 km of Underground Twin Tunnel starting from the IGI Airport Station to Dwarka Sector-21 in the Airport Metro Express Line of the Phase II of DMRC Project.
Posted by rupya at 7:37 PM
BseIndia allowed to trade on U.S Future Exchange
As per the report from Bombay stock exchange ,
Exclusive Agreement With BSE Provides For U.S. Dollar-Denominated Futures Contract To Begin Trading February 22, 2008
U.S. Futures Exchange (USFE) announced today that it will exclusively license Bombay Stock Exchange's (BSE) benchmark SENSEX Index for U.S. dollar-denominated futures trading beginning February 22, 2008. USFE's SENSEX contract will allow eligible U.S. investors to directly participate in India's equity markets for the first time, without requiring American Depository Receipt (ADR) authorization.
Posted by rupya at 7:31 PM
EDELWEISS CAPITAL LIMITED IPO oversubscribed by almost 14 times on the end of last but one day
EDELWEISS CAPITAL LIMITED IPO oversubscribed by almost 14 times on the last but one day and on the retail finally it crossed to 1.27 times .
Total Issue Size 8386147
Total Bids Received 115679792
Total Bids Received at Cut-off Price 3313784
No. of times issue is subscribed 13.79
Tomorrow we can see a huge jump in full time and also on the retail side as the retailers money from Religare IPO has started coming back .
Posted by rupya at 7:23 PM
November 18, 2007
Financial Express sunday paper covers rupya.com
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Posted by rupya at 2:17 PM
November 17, 2007
Is Tata Bidding for worlds second largest Book and Music Chain BORDERS
Is $22-billion Tata group made a seemingly audacious bid for the Australian-New Zealand business of Borders group, the world’s second largest books and music chain in the world.This was main page article today in economic times if this is true we can soon see some activity in Trent stock which is Tata company .
Posted by rupya at 5:51 PM
Shinsei Bank joins hand with Rakesh Jhunjhunwala for Venture Fund
Shinsei Bank joins hand with Rakesh Jhunjhunwala to tap the mutual fund market by selling Mutual fund in india , they are planning to start by early next here Shinsei will hold 75 percent and 15 percent will be holded by Rakesh Jhunjhunwala .
rakesh_jhunjhunwalashinsei Stock Quote | Tags |Posted by rupya at 5:37 PM
Currency futures trading to be opened up for Public - RBI
So RBI has put up for comments from public on opening up currency futures for Public.
First What is Currency Futures ?
It is where a Buyer and a Seller agrees to Buy and Sell the currency at a future date for a certain price.So indian public may soon be allowed by the RBI to participate in Exhcnage traded currency futures , its also told that the main control will be in RBI hand for a change from SEBI's hand.
Posted by rupya at 5:21 PM
Religare IPO Listing date - Religare IPO is listing on November 21, 2007
Religare IPO Listing on Wednesday, November 21, 2007
Its BSE Script Code: 532915 and NSE Symbol is RELIGARE
It had a Issue Price of Rs 185/- Per Equity Share
and a Face Value: Rs 10/- Per Equity Share
Posted by rupya at 9:51 AM
November 16, 2007
Reliance Jewellery - Reliance Jewellery from Reliance Retail
Reliance retail will open its first Reliance Jewels store today in Bangalore. It will be the last of Reliance Retail's launches this year. The company aims to become the largest branded player in the organised jewellery market. It will slowly introduce jewellery retail into all cities , but it will take some time to come to south india as its too highly competative market.
reliancereliance_retail Stock Quote | Tags | reliance_industriesPosted by rupya at 10:40 PM
KEC International bags order worth 637 crore
KEC International Ltd has informed the market that the company has bagged two major project wins in Abu Dhabi and Algeria worth Rs 391 crores and Rs 246 crores, respectively, through an international competitive bidding process. In Abu Dhabi, the company's job, to be completed in 24 months.
KEC_Internationalorder_news Stock Quote | Tags | kecPosted by rupya at 10:32 PM
Edelweiss IPo oversubscribed by 6.79 times on the end of 2nd day
Total Issue Size 8386147
Total Bids Received 56914328
Total Bids Received at Cut-off Price 634064
No. of times issue is subscribed 6.79
Retail side of the ipo is only .29 times the reason is religare ipo refund is not yet in any retailers hand so monday tuesday the oversubscription will get heated up.
Posted by rupya at 9:24 PM
BVCL IPO allotment status
BVCL IPO closed on November 01, 2007 and was oversubscribed by around 29.15 times and retail around 39.4721 times , i applied for one full app for 1 lac i dint get any allotment .
check the status here.
Posted by rupya at 9:21 PM
Suzuki Access - Suzuki Motorcycle launches suzuki access in india
| SUZUKI MOTORCYCLE INDIA PRIVATE LIMITED is a subsidiary of Suzuki Motor Corporation, Japan where in we are having the same manufacturing philosophy of VALUE PACKED PRODUCTS right from the inception. SMIPL will be manufacturing two wheelers best suited for the valuable Indian customers covering all segments. |
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Posted by rupya at 1:51 PM
November 15, 2007
TCS has won 4 year contract worth 200 million dollars
TCS was up 0.12% to Rs 984 at 13:55 IST on BSE, off session's low of Rs Rs 970 on reports the company had won a four-year contract worth $200 million from Social Security Institute of Mexico.TCS will provide end-to-end information technology (IT) services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for Social Security Institute of Mexico's affiliates.
tcs Stock Quote | Tags | tcsPosted by rupya at 11:13 PM
Oil stocks rose today expecting tax benefits or Oil Bonds
The stocks of the oil marketing companies soared on hopes that the government may give some tax benefits or increase oil bonds, which will bring down the burden of rising crude oil prices on them.
Oil Index was up by .5 percent
>Bongaigaon Refinery & Petrochemicals (BRPL)surged 30.13% to Rs 104.95
>Mangalore Refineries and Petrochemicals (MRPL) rose 22.09% to Rs 127.95
>Bharat Petroleum Corporation rose 18.02% to Rs 427
>Hindustan Petroleum Corporation (HPCL) rose 14.89% to Rs 299.85
>Chennai Petroleum Corporation rose 11.81% to Rs 400.95
Posted by rupya at 10:46 PM
Larsen & Toubro bags project worth 355 crore from SAIL
Larsen & Toubro Ltd hasinformed the market that the Company in consortium with Paul Wurth has bagged a Rs 580.74 crore order from SAIL for Up gradation of Blast Furnace No 2 at Bokaro Steel Plant on a turnkey basis. ECC, the Company's Construction Division will execute this order and the Company's portion of this order its valued at Rs 355.02 crore.The project needs to be executed in 21 months time .
Posted by rupya at 8:36 PM
Edelweiss IPO allotment
Edelweiss IPO allotment would be really a lottery like religare , today itself it will oversubscribe by 10 times and you know normally issues like this will oversubscribed heavily on the last day and for sure on;y those who apply for full 1 lac on the retail side will get allotment and that to on lottery basis if they give 1 lot then its like 8 stocks and if this lists at 1200 or so then one can expect a profit of 3000 rs to 4000 rs per lot .
Anyway look for Edelweiss IPO allotment at
http://www.rupya.com/archives/ipo/edelweiss_ipo/
it will be updated correctly when the allotment is out .Bookmark it now .
Posted by rupya at 2:42 PM
Simplex Infrastructures bags order worth 688 crore
Simplex Infrastructures Ltd has informed the market that the Company 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.
order_newssimplex_infra Stock Quote | Tags | simplex_infraPosted by rupya at 2:27 PM
Edelweiss IPO subscribed by 3 times by first hour
Edelweiss IPO which had open for subscription today is subscribed by 3 times by first hour , Edelweiss ipo is also following the route of motilal , religare which can be slated between motilal and Religare has opened for subscription today and it will last for 5 days , slowly religare ipo money is getting delivered and that money will in turn be again pushed into Edelweiss IPO , so for sure this will subscribed anywhere from 75 to 100 times .
edelweiss_capitalipo Stock Quote | Tags | edelweissPosted by rupya at 11:44 AM
ICICI Prudential Real Estate Securities Fund - New fund Offer
objective of the Scheme is to generate income through investments in debt securities maturing in line with the maturity of the Scheme of companies that are in, associated with, or benefiting directly or indirectly from, the real estate sector, and the secondary objective is to generate long-term capital appreciation through investments in equity or equity-related securities of such companies. |
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entry load Exit Load: Redemptions made on Maturity do not attract any exit load. However, redemptions made during the repurchase facility period (i.e.15th day from the end of each calendar quarter) will attract, for the present, an exit load of 3% of the amount sought to be redeemed under the Scheme. |
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Posted by rupya at 8:27 AM
Mutual Fund Dividend declared until November 16th 2007
Posted by rupya at 8:24 AM
November 14, 2007
Religare Enterprises Limited IPO Allotment Status
Religare Enterprises Limited IPO Allotment Status is ready to be checked here.
Please select Religare from the list and type in your application number , they have alloted 35 shares for 1 in 6 application i think, who applied for full 1 lac lot .
Posted by rupya at 10:40 PM
BMTC IPO - Bangalore Metropolitan Transport Corporation IPO in the making
Bangalore Metropolitan Transport Corporation (BMTC) which is used across by most of the IT people in bangalore might prefer the IPO route to fund its plan , infact think thats the only profit making Bus transport service.BMTC needs to raise Rs1,500 crore — 50% of the Rs3,000 crore proposal it has submitted to the Centre under the Jawaharlal Nehru National Urban Renewal Mission to modernise and expand its network to meet the public transport demands of a growing city.
Financials
The BMTC, the only profitable public transport corporation in the country, earned a profit of Rs 224 crore on an income of Rs 887.59 crore for the year to March 2007.
Posted by rupya at 5:41 PM
Fertiliser stocks up after reports of Government issuing bonds worth 7500 crore
Fertiliser stocks all soared up almost more than 10 percent after a report that appeared that the government will issue bonds worth Rs 7500 crore to fertiliser firms by end-November 2007 to compensate them for selling the commodity at discounted prices.
Fertilizer firms that will benefit.
>Rashtriya Chemicals and Fertilisers soared 20% to Rs 72.10,
>Fertilisers and Chemicals Travancore spurted 10% to Rs 35.85,
>National Fertilizers soared 10% to Rs 76.10 and
>Mangalore Chemicals & Fertilisers jumped 8.59% to Rs 41.10.
Posted by rupya at 5:38 PM
Valecha Engineering wins project worth Rs 100 crores
Valecha Engineering informs the market that they have recently bagged new projects worth Rs 100.00 crores which includes additional works of Integrated Road Development Project (IRDP) at Pune and Udaipur Tunnel Project at Udaipur.
Financials
Valecha Engineering’s net profit rose 264.1% to Rs 7.90 crore on 102.3% rise in sales to Rs 92.81 crore in Q2 September 2007 over Q2 September 2006.the rate at which its trading is like 262 which with the annual eps of around 36 rs discounts the stock to almost 9 PE ratio.
Posted by rupya at 5:32 PM
Essar Oil surges by 58 percent in single day
Essar Oil surged by 58 percent on a single dat to Rs 139.90 on huge volumes of 1.88 crore shares on BSE. The company and RIL have reportedly increased petrol and diesel prices by Rs 4.50 to Rs 5 per litre. As the international crude oil prices are hovering around the $100 a barrel mark, oil companies in the country are finding it difficult to maintain the profitability. The private sector fuel retailers will lose market share to the government-owned companies as PSUs sell at a lesser price.
essar_oiloil Stock Quote | Tags | essar_oilPosted by rupya at 5:30 PM
Sensex registered Biggest single day gain of 893 points
Sensex registered its biggest single day absolute gains backed by strong global cues and also some good political news on the nuclear deal side had the market spurt up like anything until afternoon it was biased between 500 to 600 and huge gains in index heavyweights Reliance Industries and ICICI Bank. Banking, oil & gas, IT stocks had the market spurt up to even 950 point high and finally closing at SENSEX 19,929.06 up by +893.58 which is almost +4.69 percent.
bseindiabullsensexsindle_day_high Stock Quote | Tags | iciciPosted by rupya at 5:25 PM
Edelweiss Capital IPO - Apply at CutOff
About Edelweiss Capital
Edelweiss Capital (ECL) commenced its operations in 1996. Having its headoffice in financial capital Mumbai.
>Company has 43 branch offices in 19 cities and employs around 843 employees including 40 research professionals.
>Main business includes investment banking, institutional equities, private client broking, asset management and investment advisory services, wealth management and insurance broking,wholesale financing services and internal treasury operations.
>ECL institutional clients is at 150 by end of sep 2007 which is more than religares's 79 but less than Motilal's 250 client.
About Edelweiss Capital IPO
Symbol - Series EDEL EQ
Issue Period November 15, 2007 to November 20, 2007
Issue Size 8386147 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 5/-
Price Range Rs 725 TO Rs 825
Tick Size Re. 1/-
Market Lot 8 shares
Minimum Order Quantity 8 shares
Maximum Subscription Amount for Retail Investor Rs.100000
Financials :
ECL consolidated income from operations surged 135% to Rs 284.58 crore and net profit after minority interest 169% to Rs 109.01 crore in FY 2007. On consolidated net profit after minority interest on post-issue equity of Rs 37.46 crore,With this the EPS comes to 14.5 which emans at upper price band of 825 the PE is 56.5 ,On an average the PE for all the company in the Brokerage sector is between 50 to 70.
edelweiss_capitalipo Stock Quote | Tags | edelweiss_capitalPosted by rupya at 12:41 AM
November 13, 2007
McNally Bharat receives order worth 34.21 crore from MSPG Mumbai
McNally Bharat receives order for for Design, Manufacture, Supply, Erection, Testing and Commissioning of Ash Handling System with all accessories for their Paras Thermal Power Station Expn. Project, Unit — 2 (1 x 259 MW) valued at Rs 34.21 crores from Maharashtra State Power Generation Co. Ltd, Mumbai. mcnally_bharatorder_news Stock Quote | Tags | mcnally_bharatPosted by rupya at 5:23 PM
Bliss GVS Pharma recieves order worth 25 crore order from African countries
Bliss GVS Pharma Ltd has informed BSE that the Company has received an order of Rs 25.00 crores for supply of Anti malarial Drugs for African Countries.
bliss_gvs_pharma Stock Quote | Tags | bliss_gvs_pharmaPosted by rupya at 5:17 PM
Texmaco Limites rose by 4 percent after MOA with United Group Rail Services
Texmaco Ltd has informed BSE that on November 13, 2007 the Company has signed a Memorandum of Agreement (MOA) with M/s. United Group Rail Services Ltd., Australia.They are going to exchange technology and also help in getting projects for both , this is mainly aimed at foraying into Indian Railways (IR) development programme for projects including the Dedicated Freight Corridor, significant government policy reforms inviting private participation in rail transport and the introduction of new technologies across all areas of the Indian rail Industry.
Posted by rupya at 1:54 PM
MMTC finally hits lower circuit today
MMTC finally hits lower circuit today after hitting upper circuit for almost a month now , thank god until yesterday i had orders put in to buy atleast 1 stock of MMTC , no idea what made me to not put in today , not sure where this stock will end up now , are you may never know from tomorrow it may continue the saga of upper circuit.
mmtcsuper_stock Stock Quote | Tags | mmtcPosted by rupya at 1:48 PM
Pratibha Industries secures 41.35 crore order from GMR
Pratibha Industries secures contract for construction / expansion of Domestic Arrival Terminal Delhi Airport from Delhi International Airport (P) Ltd (a GMR group Company).The project is in joint venture with Pratibha Pipes & Structural Ltd., a group Company. The total value of the contract is Rs 41.35 crores.The project is to be executed in about 5 months.
gmrorder_newsprathiba_industries Stock Quote | Tags | prathiba_industriesPosted by rupya at 1:38 PM
Renaissance Jewellery Limited IPO - opens on November 19th 2007
About Renaissance Jewellery Limited
Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.
Issue Size
Initial public offering, IPO of 5,324,240 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
Price Band
The price band for the issue has been fixed at Rs. 125/- at lower level and Rs. 150/- at upper level for equity share of Rs. 10/-.
Issue Date
Issue opens on Nov 19, 2007, and closes on Nov 21, 2007.
Come back here for
>Renaissance Jewellery Limited IPO oversubscription and
>Renaissance Jewellery Limited IPO Allotment Details.
Posted by rupya at 8:11 AM
November 12, 2007
Jyothy Laboratories IPO - Open to Public on November 22nd 2007
About Jyothy Laboratories Ltd. - Leading manufacturer of Fabric care products, Ayurvedic Products, Herbal products, Air Care products, Mosquito Repellent products and also you must have seen jingles on TV for the famous brand of fabric care Ujala .
Issue Details
Company is entering the capital markets with an initial public offering, IPO of 4,430,260 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
Price Band
The price band for the issue has been fixed at Rs. 620/- at lower level and Rs. 690/- at upper level for equity share of Rs. 5/-.
Issue Date
Issue opens on Nov 22, 2007, and closes for on Nov 27, 2007.
Come back here for
>Jyothi Laboratories IPO oversubscription details and
>Jyothi Laboratories IPO Allotment details.
Posted by rupya at 11:16 PM
Satra Properties Bonus Issue : Approves 2:1 bonus issue
Satra Properties Board approves at its meeting held on November 12, 2007, inter alia, to issue Bonus Shares in the ratio of 2:1 (i.e. 2 Bonus Equity Shares shall be issued for every 1 existing Equity Shares, - 200% Bonus), subject to the approval of Members and concerned authorities.
Posted by rupya at 11:14 PM
JPMorgan India Smaller Companies Fund - New Fund Offer from JP Morgan
Scheme Name JPMorgan India Smaller Companies
Launch Date 09/11/2007 closing on November 30th 2007
Fund Manager Mr. Harshad Patwardhan
Investment Objective :
The investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies. Generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the National Stock Exchange or The Bombay Stock Exchange. The fund manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction. However, there can be no assurance that the investment objective of the scheme will be realised.
Minimum investment is 5000 rs
Entry load of 2.5 percent
Exit load of 1 percent
Fund Website : http://www.jpmorganmf.com
Posted by rupya at 4:48 PM
US Subprime Market Losses are spreading across Global market
The market today plunged almost 500 points in the opening market and the market is just hovering between 450 and 500 point loss ,US subprime market losses are spreading across global market .The concerns were rekindled on Friday, 9 November 2007, when Wachovia Corp, the fourth-largest US bank, reported a potential $1.7 billion loss on mortgage-related debt.
Market move info
Banking, capital goods, telecom and metal shares led the fall. Index heavyweight Reliance Industries dropped. Asian markets declined sharply.As off 11.05 am the 30-share BSE Sensex was down 458points or 2.42% at 18,449. At the day’s low of 18,333.21, Sensex lost 574.39 points.
Posted by rupya at 10:59 AM
November 11, 2007
Larsen & Toubro GDR issue is priced at 100 US Dollar
Larsen & Toubro has priced its $400 million Global Depositary Shares (GDS) offering at $100 per share. Each GDS represents one equity share of the company of nominal value of Rs. 2 each. The GDS are proposed to be listed on the Luxembourg Stock Exchange.
gdslarsen_toubroworld_market Stock Quote | Tags | larsen_toubroPosted by rupya at 10:45 AM
Reliance FootPrint - Reliance FootPrint launched by Reliance Retail
Reliance Retail Ltd. launched yet another of its specialty store, “Reliance Footprint”, on the Rajbhavan Road here on Wednesday. The company opened a store on 100 ft road, Indiranagar, in Bangalore. Reliance Footprint plans to have a pan-India presence by opening over 15 such large specialty stores across metros and mini-metros in the next 12 months.Will see when it comes to chennai .
Source : The Hindu
Posted by rupya at 10:38 AM
November 10, 2007
Stocks going EX Dates upto week ending November 24th 2007
Posted by rupya at 11:02 PM
Reliance Infrastructure Fund - Reliance Infrastructure Fund has filed for DRHP with sebi
1. Sponsors :The Sponsor of the Mutual Fund is Reliance Capital Limited (RCL) having a net
worth of over Rs.5161.23 crores as on March 31, 2007.
2. Name of the Scheme : Reliance Infrastructure Fund, A 36-Months close ended diversified equity fund with an automatic conversion into an open ended scheme on expiry of 36-months from the date of allotment .
3. Investment Objective: The primary 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 and the secondary objective is to generate consistent returns by investing in debt and money market securities.
4. Choice of Investment Plans: Reliance Infrastructure Fund offers Retail Plan and Institutional Plan and each plan will have Growth Plan and Dividend Plan .
Posted by rupya at 10:47 PM
November 9, 2007
Reliance Communications in talk with Kalaignar Tv for DTH operations.
Reliance, according to sources, is also said to be in talks with Chennai-based Kalaignar TV to facilitate its South Indian operations.If this is really true then reliance is really playing the game very nice , as they are the rival to SUN tv in south india and with the support of local government here reliance might really benefit from any collabaration to Kalaignar TV.
"Our DTH service will have a few additional features as compared to similar services available in the market at present," the official said, without, however, divulging any details.Big TV, which will be the fifth entrant to the country's DTH market after Dish TV, DD Direct, Tata Sky and Sun Direct, is expected to price its service lower those of its competitors. PTI
Posted by rupya at 10:31 PM
BSE goes online for Resgistration and Fee payment for its certification examinations
On the auspicious day of Muhurat Trading Bombay Stock Exchange (BSE) announced the introduction of Online registration and electronic payment facility for its certification examinations.It will now be possible for candidates to register directly for certification examinations by filling in the online registration form and making payment electronically by means of a Visa / Mastercard credit card.
The candidates will have the flexibility to choose the time and date of the certification examination on a highly user friendly. Payment can be made using Visa or Mastercard credit cards. This customer friendly initiative has been taken in the light of increasing popularity of BSE certification examinations which have seen a quantum jump in recent months.
Source : BseIndia
Posted by rupya at 10:20 PM
Samvat 2064 started with market down by 153 points
Almost for 7 years now the diwali trading has never been negative but today samvat 2064 went down by 153 points , it started opening up with a good upward swing up by 250 points and slowly got down to almost 300 points which is like a 500 points swing market , It sectors and bank sectors gathered to pull the market down and slowly Larsen , ABB , BHEL and ongc also joined the line inclusing the reliance scrips finally closing down by 150 points.
Index Points
SENSEX 18,907.60 -151.33 -0.79
MIDCAP 8,013.63 +67.85 +0.85
SMLCAP 9,756.88 +145.97 +1.52
BSE-500 7,538.64 -20.62 -0.27
Posted by rupya at 7:29 PM
BSE Power Index - New index from Bombay stock exchange
BSE announces launch of ‘BSE Power Index’ on the eve of ‘Festival of Light’. The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipments required for power generation.
The BSE Power index will represent about 90% market capitalisation of power sector companies from the list of BSE-500 index.The index will have 14 stocks. They are: BHEL, NTPC, Reliance Energy, Suzlon, Tata Power, , ABB, Siemens, Crompton Greaves, Power Grid, GVK Power, GMR Infrastructure, Torrent Power, Areva T&D and CESC.
Posted by rupya at 6:36 PM
UTI Mutual Fund IPO soon to hit the market
Now you can not only invest in UTI Mutual fund but also buy as stocks either from IPO or through secondary market after IPO.CNBC-TV18 has learnt that India's third largest mutual fund – UTI, is looking to raise nearly USD 1.5 billion dollars through its forthcoming IPO. There is reason for SBI, Bank of Baroda, LIC and PNB to celebrate.
Investors will soon be able to trade UTI, without investing in its funds. UTI mutual funds is all set to be India's first listed asset management company. It has roped in seven investment bankers - Citi, JM Financial, Enam, UBS, Goldman Sachs, SBI Capital and ICICI Securities. It is a two-part process.
Posted by rupya at 2:58 PM
Reliance Power lowest bidder for 16000 crore Krishnapatnam project
Reliance Power Ltd is poised to bag its second contract to set up a 4,000 mega watt ultra-mega power project after Sasan as it has emerged as the lowest bidder for a similar electricity generation unit to be set up at Krishnapatnam in Andhra Pradesh.
RPL quoted a levelised 25-year tariff of Rs 2.336 per unit agianst Larsen & Toubro's Rs 2.68 and Vedanta Group firm Sterlite Industries' Rs 4.81. These were the only three firms who were in fray for the project.
The Krishnapatnam project will use imported coal and is estimated to cost over Rs 16,000 crore. The company plans to tap the market for Rs 12,000 crore through an initial public offering and plans to pump part of the money into its new projects.The letter of intent for the Krishnapatnam project is expected to be awarded by the goverment November 17.
Posted by rupya at 12:35 PM
November 8, 2007
Kilburn Engineering gets revenue by selling company's land for 125 crore
Kilburn Engineering Ltd has informed the market that in terms of MOU dated August 20, 2007 between the Company and Housing Development & Infrastructure Ltd (HDIL) for the sale of Company's land (8.32 acres) at Bhandup, Mumbai for a total consideration of Rs 124.70 crores, the Company has concluded today the first phase of the deal by transferring 3.32 acres of land at a consideration of Rs 31.50 crores.So it might see a revenue increase this quarter as other income of 125 crore.
Posted by rupya at 7:34 PM
GMR Infrastructure awards bookstore concession to Odyssey at GHIAL
GMR Infrastructure Ltd has informed the market that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company, has awarded bookstore concession Odyssey India Ltd for setting up a bookstore in the new airport. The coneessional agreement with this book retailer, belonging to the Deccan Chronicle Group, is for three-years starting from the airport launch in March 2008.We can see some movement in DCHL may be , think it was yesterday that they even awarded book store concession to Landmark.
Posted by rupya at 7:29 PM
Lakshmi Puja And Muhurat Trading on Friday, November 9, 2007
Lakshmi Puja And Muhurat Trading on Friday, November 9, 2007
Lakshmi Puja : 4:00 PM Onwards
Muhurat Trading Session Details:
Session Start Time End Time
Login 05 : 00 p.m. 06 : 00 p.m.
Continuous Trading 06 : 00 p.m. 07 : 00 p.m.
Closing 07 : 00 p.m. 07 : 10 p.m.
Post Closing 07 : 10 p.m. 07 : 30 p.m.
Posted by rupya at 7:25 PM
November 7, 2007
Mundra port IPO oversubscribed by 115 times and retail by 16 times
Mundra port IPO oversubscribed by 115 times and retail by 16 times , so this dint get oversubscribed much like religare on the retail side atleast we will keep our fingures crossed and see if diali shows some lights on us and get soem frim allotment on the retail side for atleast 1 or 2 lots for those who applied to the max of 99 thousand.
Total Subscription
Total Issue Size 40250000
Total Bids Received 4662443670
Total Bids Received at Cut-off Price 187752795
No. of times issue is subscribed 115.84
Subscription details
1. Qualified Institutional Buyers (QIBs) 24060000 3839905170 159.5971
2 .Non Institutional Investors 4010000 627371400 156.4517
3.Retail Individual Investors (RIIs) 12030000 194814525 16.1941
4. Employee Reservation 150000 352575 2.3505
Posted by rupya at 11:09 PM
Onmobile Global IPO - Gets 4 out of 5 Crisil Rating
About Onmobile Global Limited
It 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.
Crisil Rating
CRISIL has assigned a CRISIL IPO Grade 4/5 to the proposed initial public offer of OnMobile Global (OGL). This grade indicates that the fundamentals of the issue are above average relative to other listed equity securities in India.
OnMobile Global IPO Info
OnMobile Global has proposed public issue of 10,900,545 equity shares of face value Rs 10 targeted at an issue size in the range of Rs 3,500-4,500 million.
OnMobile Global financials
For the year ended March 2007, the company reported a net profit of Rs 337 million on a turnover of Rs 1,330 million. This is as compared to net profits of Rs 248 million and revenues of Rs 826 million in 2005-06.
Posted by rupya at 10:50 PM
Kolte-Patil IPO - Kolte-Patil Developers IPO opens on November 19th 2007
About Kolte-Patil Developers
Kolte-Patil Developers, a leading real estate developer in India, has filed its draft red herring prospectus, DRHP with the Securities and Exchange Board of India, Sebi with a proposal to enter the capital market with its initial public offering, IPO of equity shares.
About Kolte-Patil Developers IPO
It is entering into the capital markets with an initial public offering (IPO) of 19,000,836 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
Date of Issue
Opens on November 19, 2007, and will close on November 22, 2007.
Price Band
The price band has been fixed between Rs 125 and Rs 145 per equity share.
Kolte-Patil Developers financials
Kolte-Patil Developers has posted a total income (consolidated) of Rs 2, 524.43 million in fiscal 2007 and an adjusted profit after tax of Rs 835.61 million. For the 3 months ended June 30, 2007 , the Company posted a total income (consolidated) of Rs 889.65 million and an adjusted profit after tax of Rs 338.76 million.
Objective of the Issue
>To finance acquisition of development rights;
>To finance the construction and development costs for some of the proposed projects;
>To fund expenditure for general corporate purposes and achieve the benefits of listing on the Stock Exchange.
Posted by rupya at 10:32 PM
Tecpro Systems IPO to hit market in a month - Crisil rates 3 out of 5
About Tecpro Systems
Tecpro Systems Limited undertakes turnkey projects in Bulk Solids Handling Systems including, raw material handling systems for power, steel, cement plants etc. Also, Tecpro installs conveyor systems using belt conveyors, slat conveyors, bucket elevators etc., and manufactures equipment such as crushers, screens, feeders, conveyor components like Idlers and pulleys and structural steel fabrication.
TecPro System IPO Info
Tecpro Systems has proposed a public issue of 7,300,000 equity shares targeted at an issue size in the range of Rs 1,000 to Rs 2,000 million.
Crisil Rating for Tecpro systems
CRISIL Research has come out with report on Tecpro Systems IPO. They have assigned a CRISIL IPO Grade 3/5 to the issue.
Tecpro Systems Financials
For the year ended March 2007, TSL's reported a net profit of Rs 204.4 million on a turnover of Rs 2,313.1 million. This is as compared to net profits of Rs 97.6 million and revenues of Rs 1032.5 million in 2005-06.
IPO Funding Needs
They are raising money to construct a design and engineering center, conveyor belt manufacturing unit, and also to expand the existing infrastructure.
Posted by rupya at 10:25 PM
Mundra IPO subscribed by 107 times - Retailers would be surprised
Mundra IPO subscribed by 107 times , QIB like how they did in powergrid showed very good intrest in this also and they subsribed almost for like 111x times followed by HNIs 57x and Retail 7x, till 2 pm.So retailers must be happy to hear this , and most proabably it would be like 15 times for the retail , so be happy and expect some allotment .
Posted by rupya at 5:27 PM
Mundra IPO subscribed by 71 times by 2 pm on the closing day
Mundra IPO subscribed by 71 times by 2 pm on the closing day , so i feel it will touch 100 times before closing and my friend was saying that we can see this retail portion going anywhere from 30 to 40 think that might sound true .This is becoming yet another religare IPO we will wait and watch .
Mundra IPO subscription detail as of 2.00 clock on the closing day.
Total Issue Size 40250000
Total Bids Received 2877799485
Total Bids Received at Cut-off Price 88979085
No. of times issue is subscribed 71.50
Posted by rupya at 3:00 PM
Mudra Port IPO subscribed by 26 times- Retail allotment chances are high
Mudra Port IPO subscribed by 26 times- Retail allotment chances are high , the total retail subscription until yesterday evening is at like 2 times and let it be 10 times by the end of the day , the chances of getting atleast some shares is high and that if you apply for the max lot which would be almost for 99 thousand rs i think .
Posted by rupya at 11:29 AM
November 6, 2007
Archidply Industries IPO - files for DRHP with sebi
Archidply Industries, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on November 5, 2007 to raise funds from the capital market.Archidply has a large distribution network and operates through 16 marketing offices and 61 distributors and stockists across the country.The company proposes to introduce new products to leverage extensive distribution channels. They have plans to foray in tier II and tier III cities and export market.
archidplydrhpiposebi Stock Quote | Tags | arcgidplyPosted by rupya at 11:00 PM
Mundra Port IPO totally subscribed by 21 times on the last but one day
Total Issue Size 40250000
Total Bids Received 876433440
Total Bids Received at Cut-off Price 31409835
No. of times issue is subscribed 21.77
Retail portion is done only by 2 times as of now and may be by end of day 10 times tomorrow who knows , listing gain is for sure and allotment chances is also very good in this.
Posted by rupya at 8:23 PM
Empee Distilleries Limited Subscribed by 6 times
Empee Distilleries Limited Subscribed by 6 times closed today Total Issue Size 4800000
Total Bids Received 32962425
Total Bids Received at Cut-off Price 9802335
No. of times issue is subscribed 6.87
Retail portion is also subscribed by 6 times .
empeeipo_oversubscription Stock Quote | Tags | empeePosted by rupya at 8:12 PM
Siemens wins order worth Rs 870 million from McNally Bharat
Siemens Ltd has announced the market that the Company has bagged Rs 870 million (Rs 87 crore) order from McNally Bharat Engineers Pvt Ltd for supplying electricals for Rashtriya Ispat Nigam Ltd's new Sinter Plant at Vizag. This Sinter Plant is currently the second largest of its kind in India and will be commissioned by August 2009.
Posted by rupya at 6:24 PM
Sterlite Optical wins order worth US$ 36 Million from BSNL
Sterlite Optical wins INR 1.43 Billion contract from BSNL for supply of Copper Telecom Cables. These cables would be used to enhance BSNL's Pan-India network to provide basic telephony and broadband services, The order is equal to 140 crore in indian rupee , After this order completion Sterlite has over 23% market share for Copper Telecom Cables in India in FY 2007-08.
Posted by rupya at 6:19 PM
Pratibha Industries another order worth 140 crore is securitiesed
Pratibha Industries Ltd has informed the market that the Company has securitised its deferred receivables from Navi Mumbai Municipal Corporation, in respect of the water supply project (on deferred payment basis) under execution, with Reliance Capital Ltd. The value of the deal is Rs 140 crores.We just saw that it has secured another new order worth 70 crore for which the whole order is not going to prathiba .
Posted by rupya at 6:16 PM
Pratibha Industries bags order worth 70 crore from Mumbai Municipality
Pratibha Industries secures a contract for design and construction of storm water pumping station at Mumbai from Municipal Corporation of Greater Mumbai.The project is in joint venture with Grundfos Pumps, Chennai and Keum Jung Industrial Company, Seoul, Korea. The total value of the contract is Rs 70.70 crore. Execution time for the project is within 12 months.
Price trading at :
It trading at Rs 268.10 with Annual EPS of Rs 18.89 by a PE multiple of 14.19. which is considered to be less value.
Posted by rupya at 6:08 PM
GMR Infrastructure awards GHIAL Bookstore concession to Landmark
GMR Infrastructure Ltd has informed the market that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company has awarded the retail bookstore concession to Landmark. The agreement is for three-year period starting from Airport opening date.If yopu dont know landmark has sold 72 percent of its stake to Trent which is bse listed company and which is turn is holded by Tata Group of company.
gmr_infrastructurelandmarkorder_newsTrent Stock Quote | Tags | trentPosted by rupya at 5:08 PM
Mundra Port IPO Subscribed by 11 times at 1.00 clock on the last but one day
Mundra Port IPO Subscribed by 11 times at 1.00 clock on the closing day , so by the end of the day and by tomorrow it might get subscruibed by 20 to 25 times anything more than that will be a good thing for the IPO , Retail might get fully subscribed by today.
ipoipo_oversubscriptionmundra_port Stock Quote | Tags | mundraPosted by rupya at 2:10 PM
EMPEE DISTILLERIES LIMITED IPO just subscribed by 2 times on the end of closing day
EMPEE DISTILLERIES LIMITED IPO not sure how mch listing gain its going to provide but the feature is looking good for the compay , the retail portion might be just getting fully subscribed buts its firm allotment for the retailers no doubt in it , if the market is weak on the listing day one can expect this to go below par also , you never know.
empeeipoipo_oversubscription Stock Quote | Tags | empeePosted by rupya at 2:02 PM
Mutual Funds Recent Dividends - week ending november 16th 2007
Posted by rupya at 9:03 AM
eClerx Services IPO - CRISIL rates it at 3/5
About eClerx Services
ESL provides data analytics and customised process solutions to its global clients through three offshore delivery centres in Mumbai. Primary activities in customised process solutions comprise post-trade transaction support in the OTC derivative segment through strong awareness of the client's internal business processes and verification/audit of client products and websites in the retailing segment. As of March 31, 2007, ESL had around 1,000 employees at its offshore delivery locations in Mumbai. The company has around 21 global clients, of which nearly five account for over 87 per cent of its business.
eClerx Services IPO
eClerx Services proposes a public issue of about 18.4 million equity shares of face value Rs 10 at a targeted price of Rs 370 per share.
Crisil rating
CRISIL has come out with IPO grading report on ESL IPO.CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed initial public offer of eClerx Services (ESL). This grade indicates that the fundamentals of the issue are average, in relation to other listed equity securities in India.
Source:CNBC
Posted by rupya at 8:51 AM
Stocks going EX Dates for week ending november
Posted by rupya at 8:45 AM
Dividend announcement for november 5th 2007
500830 Colgate Palmolive (India) Ltd. as set RD as 03/12/2007 for -> Reduction of Capital & Interim Dividend
501455 Greaves Cotton Ltd. as set RD as 19/11/2007 for -> 20% Interim Dividend
509048 Lancor Holdings Ltd. as set RD as 03/12/2007 for -> Stock Split from Rs. 10/- to Rs. 2/-
500337 Prime Securities Ltd. as set RD as 23/11/2007 for -> 30% Interim Dividend
Posted by rupya at 8:43 AM
Reliance IPTV - Reliance Communication IPTV to be delivered on Microsoft platform
Reliance Communications Partners with Microsoft to Deliver IPTV in India on the Microsoft Mediaroom Platform ,Reliance Communications Ltd. and Microsoft Corp. today announced a strategic partnership to deliver a highly connected, personalized TV experience to consumers in India through Reliance's Internet Protocol Television (IPTV) service, which will be powered by the award-winning Microsoft Mediaroom IPTV software platform. The announcement was made by Anil D Ambani, chairman, Reliance Communications, and Steve Ballmer, chief executive officer of Microsoft, at a press event today in Mumbai. Reliance Communications shall have the exclusive deployment right for the platform in India.
source : cnnmoney
Posted by rupya at 12:13 AM
November 5, 2007
Lotus India AGILE Fund - New Fund offer from Lotus India Mutual Fund
The Scheme will seek to generate capital appreciation by investing in a passive portfolio of stocks selected from the industry Leaders on the basis of a mathematical model. |
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equal to or greater than Rs. 5 Crores - Nil Exit Load : if redeemed on or before the expiry of 6 months from the date of allotment - 1% if redeemed after six months and on or before the expiry of 1 year from the date of allotment - 0.6% if redeemed after the expiry of 1 year from the date of allotment - Nil |
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Posted by rupya at 11:57 PM
SBI CAPITAL PROTECTION ORIENTED FUND - I Growth
market instruments as well as equity while at the same time also seeking to provide investors with opportunities for long-term growth in capital. |
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Posted by rupya at 11:54 PM
US Credit worries is trying to take over global stock markets
US credit worries previous week has started a Weakness in Asian markets especially the news that US financial giant Citigroup's announcement that it may suffer up to $11 billion in write-downs for subprime losses started worrying the market all over the world , Weakness persisted almost throughout the day today and selling was seen in most sectors. Market breadth was positive.It started with a negative mode and it dint even try to see the positive line in the graph and closed with a huge gap from the opening , one thing when the market closes postive on the US then its almost negative here and when the market is negative in US then its postive here not sure what logic is that .
The Sensex lost 385.45 points or 1.93% to 19,590.78. It hit a low of 19,502.45 in late trade. At day's low of 19,502.45, Sensex had lost 473.78 points.
Posted by rupya at 7:53 PM
L&T and Mitsubushi signs Joint venture for manufacture of supercritical turbine & generators
L&T, Mitsubishi Heavy Industries (MHI), and Mitsubishi Electric Corporation (Mitsubishi Electric)informed the market that they had signed a technology licensing and technical assistance agreement for manufacture of supercritical turbine & generators.
The proposed manufacturing JV, with a capital outlay of around Rs 880 crore, will have a product configuration catering to plant capacities ranging from 500 mega watt (MW) to 1000 MW. The manufacturing operation is expected to commence sometime during the later part of 2008-09.So revenue will start pumping out of it only in 2008-09 .They are almost diversifying into every sector now .
Posted by rupya at 7:49 PM
Larsen and Toubro and Mitsubushi sign a JV for Steam Turbine and Generator in India
Larsen & Toubro Ltd (L&T) has announced the market that L&T & Mitsubishi Heavy
Industries Ltd ("MHI") have inked a Joint Venture Agreement for setting up a
manufacturing facility to supply super-critical Steam Turbine & Generator facility
in India. This follows a Technology Licensing and Technical Assistance Agreement
for manufacture of super-critical Turbine & Generator, signed between L&T MHI,
and Mitsubishi Electric Corporation (Mitsubishi Electric). The product, an integral
component of energy efficient coal based power plants, is expected to meet the
demand / supply gap for power plant equipment as envisaged in the country's plan
for a mega ramp up in power generation capacity using super-critical technology.
Larsen and toubro is down almost by 200 rs today on the week marlket end of the day.
Posted by rupya at 6:55 PM
Punj Lloyd Group wins order worth
Punj Lloyd Group has informed the market that that Sembawang Engineers and
Constructors Pte Ltd, a wholly owned subsidiary of the Company has been
awarded a major turnkey contract worth Rs 1770 crore for engineering, procurement
and construction work at the new mega aromatics plant on Jurong Island, Singapore
by Jurong Aromatics Corporation Pte Ltd.
Posted by rupya at 6:38 PM
Supreme Infrastructure wins order worth 113 crores from municipality of thane
Supreme Infrastructure secures new work order worth Rs 113.23 Crores for which the order details are as follows:
- Name of work: Construction and Strengthening of Nalla No. 1 (Part),
3W, 7,1,11, 12 and subnallas under Integrated Nalla Development Project in Thane city area.- Value of the contract: Rs 113.23 Crores.awarded from The Municipal Corporation of City of Thane.
Posted by rupya at 6:25 PM
Jaihind Projects wins order worth 15 crore from Maharashtra Natural Gas
Jaihind Projects has informed the market that the Company has been
awarded order of Rs 14.85 Crores from Maharashtra Natural Gas Ltd for
CNG & City Gas Distribution Project at Pune.
Posted by rupya at 6:17 PM
Mundra Port IPO subscribed by 7 times on the end of 5th day
Mundra Port and Special Economic Zone Limited which is closing on november 7th 2007 is subscribed almost by 7 times on the end of 5th day , 2 more days to go we can see this ipo subscribing by more than 30 times easily.
Posted by rupya at 3:42 PM
Religare Enterprise Allotment ratio and Fixed price
Religare Enterprises, a financial services company in India offering a wide range of financial products and services, has fixed the issue price at Rs 185 per equity share of Rs 10 each (upper end of the price band) for its initial public offering (IPO) of 7,576,102 equity shares for cash, decided through a 100% book building process.
Allotment Ratio
I also saw from economictimes i blv but not sure that allotment will be made to person who had applied for 1 lac only and in the ratio od 1:6 will be alloted 35 shares not sure how much is real on this .
Posted by rupya at 12:41 PM
November 4, 2007
Tata Motors Auto Sales - declares october 2007 auto sales
Tata Motors reported a total sale of 49,354 vehicles (including exports) for the
month of October 2007, a growth of 13% compared to 43,743 vehicles sold in
October last year. The domestic market continues to be sluggish, due to the
high interest rate regime, continuing to affect retails.Total vehicle sales at
49,354 nos. grow by 13%,Commercial Vehicles grow by 16%; Passenger
Vehicles grow by 8%,Exports grow by 16%
Posted by rupya at 12:51 PM
Larsen & Toubro awarded 5000 crore Airport modernization project
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Larsen & Toubro has announced that as a crucial step forward in the modernization & expansion of Chhatraprati Shivaji International Airport (CSIA), Mumbai international Airport Pvt Ltd (MIAL), awarded the EPC contract to L&T. According to the contract, L&T has bean mandated to build the new integrated passenger terminal to modern and expand the existing facilities, which will also include the airside and landside works on a turnkey basis. |
Posted by rupya at 12:15 PM
Hero Honda Auto Sales - announces october 2007 auto sales
Almost every auto company as given good figures for october month expect some , and hero honda too as shown a sales higher than october YOY,Hero Honda two wheeler October sales (YoY) are at 3.65 lakh units Vs 3.63 lakh units.
autoauto_salesHero_Honda Stock Quote | Tags | hero_hondaPosted by rupya at 12:06 PM
Mahindra and Mahindra declares October 2007 Auto Sales Number - 45 percent growth YOY
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M&M clocked total vehicles sales of 23,578 units in the domestic market as against 16,173 in the orresponding month last fiscal, a growth of over 45.8%. The company’s automotive sector clocked sales of 1101 vehicles in October as opposed to 936 units in the corresponding period last fiscal. |
Posted by rupya at 11:43 AM
Bajaj Auto october 2007 Auto Sales
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Bajaj Auto: Oct sales (YoY) at 2.50 lakh Units Vs 2.51 lakh units; Oct Bike sales (YoY) at 2.48 lakh units Vs 2.51 lakh units .October sales of the company are at 2.50 lakh Units as compared to 2.51 lakh units YoY basis. October Bike sales stood at 2.48 lakh units as compared to 2.51 lakh units YoY basis. |
Posted by rupya at 11:16 AM
Maruti Suzuki - October 2007 Auto sales
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Carr market leader Maruti Suzuki India Ltd sold 64,258 vehicles in the domestic market in October 2007. The company had sold 55,894 vehicles in the domestic market in October 2006. |
Posted by rupya at 10:54 AM
Satra Properties Bonus Issue - to consider Bonus Issue
Satra Properties Board to consider Bonus Issue on November 12, 2007, inter alia, to consider the following business:
1. To consider the issue of Bonus Shares. and also
2. To consider the diversification of Business of the Company by including Retail Merchandising and Generation of Power in its main object.
Posted by rupya at 10:52 AM
November 3, 2007
Hyundai's i10 launched previous week -hyundai i10 pictures
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The new compact car, PA, has been developed in India. It was launched in the capital on Wednesday, as the i10, priced at Rs 3.39 lakh, reports CNBC-TV18. One more model hits the road. This time it is Hyundai's compact car, the i10. It will compete with the Santro, Maruti's WagonR, Zen Estilo, Indica Xeta and Chevrolet Spark. It is India’s first two-box hatchback to offer a factory-fitted sunroof in this segment. |
Posted by rupya at 11:22 PM
November 2, 2007
Surya Food IPO files for DRHP with sebi
Surya Food files for DRHP with Sebi for IPO.
Surya Food and Agro Ltd., manufacturers of Priyagold brand of biscuits, became the first and the only Indian company to win the prestigious ‘International Quality Crown Award 2004. The company is aiming to be market leader in biscuit manufacturing within next three years and has set the target to be largest biscuit manufacturing unit in India by 2007.
Posted by rupya at 7:24 PM
Mahindra & Mahindra and Navistar International join hands to make Diesel Engine in India
Mahindra & Mahindra Ltd has announced the marke today that a wholly owned affiliate of Navistar International Corporation (Other OTC: NAVZ), signed a joint venture agreement with Mahindra & Mahindra Ltd of India to produce diesel engines for medium and heavy commercial trucks and buses in India.
autocompany_newsmahindra Stock Quote | Tags | mahindraPosted by rupya at 7:21 PM
Reliance Big TV - Reliance Communications joins Reliance Big TV as its own subsidiary
Reliance Communications has informed the market today that in line of the Company's objective to maximise the stakeholders' value, Reliance Big TV Pvt Ltd, which has license to provide Direct To Home (DTH) services, has became a wholly owned subsidiary of the Company.
Posted by rupya at 7:18 PM
larsen and toubro inks pipeline JV with US Company
Larsen & Toubro Ltd (L&T) has announced that the Company has entered into a Joint Venture with US based Gulf Interstate Engineering Company (GULF).The new venture - "L&T - GULF PIPELINE ENGINEERING PVT LTD" will be located in the Company's modern engineering campus at Faridabad in the National Capital Region.This will bring more orders in the pipeline engineering business .
Posted by rupya at 7:16 PM
Mundra Port IPO is susbscribed by 5.57 times on the end of second day
Mundra Port IPO is susbscribed by 5.57 times on the end of second day , the IPO is closing on November 6th 2007, this is considered one of the good IPO in the exisiting list of IPO's.
ipoipo_oversubscriptionmundra_port Stock Quote | Tags | mundraPosted by rupya at 7:09 PM
Inflation to a 5 year low of 3.02
Inflation rate fell to 3.02 per cent, a new low in five years, closer to Reserve Bank's three per cent target for the medium term.
Posted by rupya at 7:07 PM
BVCL IPO oversubscribed by 29 times and retail by 40 times
BVCL IPO oversubscribed by 29 times and retail by 40 times
Qualified institutional buyers 24.17
Non institutional investors 25.50
Retail individual investors 39.47
Employee Reservation 0.91
Total 29.15
Posted by rupya at 9:40 AM
November 1, 2007
Religare IPO finally subscribed by 160 times
Religare IPO is finally subscribed by 160 times and sources say the retail portion will be anywhere from 40 to 50 times , let the whole picture come out on the website .
Qualified institutional buyers : 184.95
Non institutional investors : 215.45
Retail individual investors : 93.50
Total : 160.56
Posted by rupya at 7:49 PM
Religare IPO allotment will be lottery system based
Religare IPO allotment will be lottery system based , as the IPO has subscribed by 130 times as of now at 3.00 clock so most proabaly reach 150 times before closing .
Posted by rupya at 3:33 PM
Mundra Port IPO oversubscribed on the first day
Mundra port IPO is getting good response from the market , its almost subscribed by 3 times on the opening day before bell and its only closing on november 7th and the ipo is considered to be a good one , its offer is like 40 crore equity .
For more Mundra IPO news,
Mundra IPO allotment details
and Mundra IPO oversubscription detail , come back here .
Posted by rupya at 1:31 PM
Religare IPO subscribed by 85 times by 1.00 clock on the closing day
Religare IPO subscribed by 85 times by 1.00 clock on the closing day , so before closing it will touch 100 times , and retailers should reach more than 25 times , so it will be a sure lottery system .
ipoipo_oversubscriptionreligare Stock Quote | Tags | religarePosted by rupya at 1:27 PM
BVCL IPO subscribed by 10 times at 1.00 clock on the closing day
BVCL IPO subscribed by 10 times at 1.00 clock on the closing day , so mostly it will be around 30 times before closing , and retailers should be around 10 times but not crazy like Religare.
bvclipoipo_oversubscription Stock Quote | Tags | bvclPosted by rupya at 1:23 PM
BVCL IPO or Religare IPO which to apply on the final day
BVCL IPO which we are expecting to subscribed fully by 10 to 15 times and the retail side around 5 times rto 10 times , so we can expect some allotment and sure for some good premium while listing .
Religare IPO is almost at 34 times now and before closing most proababvly from 75 to 100 times and on the rtail side around 25 to 35 times , which im not sure it wuill be lottery system and very mere allotment , but good premium , but finally i expect that you might good return from bvcl becasue excess share will be alloted , just this is my feeling .
Please also make you own judgement.
Posted by rupya at 12:10 PM
Fed cuts federal funds rate by one-quarter percentage point to 4.50 percent
The Federal Reserve sliced an important interest rate Wednesday—its second reduction in the last six weeks—to help the economy survive a deepening housing slump that is likely to crimp growth in coming months.
HOW MUCH Did they Cut :Fed agreed to lower the federal funds rate by one-quarter percentage point to 4.50 percent.
Response to the Rate cut : Commercial banks announced that they were cutting their prime lending rate—for certain credit cards, home equity lines of credit and other loans—to 7.50 percent.
Posted by rupya at 8:33 AM