Edelweiss Capital, a diversified financial services company, has listed at Rs 1443.75 on the NSE, with a premium of 75% over its offer price of Rs 825 and touched a high of Rs 1608.75, a whopping premium of 95%. Its hovering between 1450 to 1550 now , anything at the rate of 1400 should be a good buy and they are yet to get approval to start Mutual fund business and that income will kick in from 2008 results.
Edelweiss Capital Limited to list from Wednesday, December 12, 2007 , they came out with a ipo for Issue price: Rs. 825 Per share (Face Value of Rs. 5/- and Premium of Rs.820) , the allotment was made on December 4th 2007 , the listing price is expected at 1500 rs or above.
Scrip ID on BOLT System : EDELWEISS
Bse Code : 532922
Edelweiss IPO Allotment Status is ready and can be seen here at
Edelweiss IPO Allotment Status
Click on Check IPO allotment status and select Edelweiss IPO from thr.
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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 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
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
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 .
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.
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 .
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 .
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.
The much awaited Edelweiss IPO is opening on november 15th 2007,The price band for the issue has been fixed at Rs. 725/- at lower level and Rs. 825/- at upper level for equity share of Rs. 5/-. The issue opens on Nov 15, 2007, and closes for subscription on Nov 20, 2007.
Come back here for Edelweiss IPO Allotment Status and Edelweiss IPO Subscription Details.
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