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SEBI proposing to double the Investment limit in IPO to Re. 2 Lakh

  • Author: Subramanian
  • Filed under: IPO, order news
  • Date: Aug 18,2010
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Market regulator SEBI informed the market today that it has proposed to double the investment limit for retail investors to Rs. 2 lakh in public issues, a move that will enable individuals to aggressively participate in primary issues of companies.The Securities and Exchange Board of India (SEBI) said in a draft regulation on which it invited comments from stakeholders by September 3.


Bajaj Corp closed at 758.25 Rs on the Listing Day

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Bajaj Corp closed on the first day at 758.25 on the listing day m the IPO price was set at 630-660 and the price was set at the upper band of 660 , the IPO was subscribed 19.29 times. The issue gave bids for 7.11 crore shares.The stock debuted at Rs 730,which is almost a 10.61 percent premium over the initial public offer (IPO) price and closed even more at 11 Percent premium.The stock hit a intraday high of Rs 812 and low of Rs 730. On BSE,38 lakh shares were traded on the counter today.


SKS Microfinance Listed above 1000 Rs

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SKS Microfinance which has its IPO this month had the IPO price at rs 985 at the top end and 850 on the lower side , and it was given at a discount of 50 rs per share for the retailers , On the listing day SKS Microfinance was trading at Rs 1,140 at around 9:09 IST on BSE, a 15.74% premium over the initial public offering price of Rs 985 per share.But the stock is trading at the range of 1100 to 1110 at 9.35 am.


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SKS MICROFINANCE LIMITED which closed on July 30th 2010 had very good subscription .But on the retail side it saw subscription only by 2.81 times on the whole it saw subscription by 13.6 times.
Total Subscription Details

Total Issue Size 13769095
Total Bids Received 188513745
Total Bids Received at Cut-off Price 12954284
No. of times issue is subscribed 13.6

Subscription Details.

1 Qualified Institutional Buyers (QIBs) 7052464 143720703 20.38
2 Non Institutional Investors 1679157 30658796 18.26
3 Retail Individual Investors (RIIs) 5037474 14134246 2.81

SKS Microfinance IPO Allotment status can be found here.


Vodafone Essar IPO – Might come soon

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Essar is in talk with various banks to see the option of going for a Intial Public offering of its Vodafone Essar Stake .Earlier In 2007, Vodafone entered india by buying into a controlling stake in Hutchison Whampoa Ltd’s mobile business in India, in which Essar had been a partner.
This particular deal gave Essar the option to sell its entire 33 percent stake in the telecom venture to Vodafone for $5 billion between the third and fourth years after the deal’s completion.Alternatively, Essar could sell shares worth between $1 billion and $5 billion in the company to Vodafone at an independent valuation.The option for the sale opened in May and runs for 12 months.None of Essar or Vodafone is commenting on this so this might be just another rumor news or this might be real also.Vodafone has yet to decide on its response and is waiting for Essar to make a proposal.


TECHNOFAB ENGINEERING LIMITED IPO Allotment

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TECHNOFAB ENGINEERING LIMITED IPO subscribed on the finaly day by more than 12 times .They had very good subscription from the Non Institutional investors.

Total Issue Size 2990000
Total Bids Received 38199175
Total Bids Received at Cut-off Price 9080025
No. of times issue is subscribed 12.78

Subscription by category

1 Qualified Institutional Buyers (QIBs) 1470000 6285325 4.28
2 Non Institutional Investors 441000 21542825 48.85
3 Retail Individual Investors (RIIs) 1029000 10315850 10.03
4 Employee Reservation 50000 55175 1.10

TECHNOFAB ENGINEERING LIMITED IPO Allotment status can be seen here.


Standard Chartered PLC IDR opens today May 25 2010

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Standard Chartered PLC which is listed in London stock exchange is trading at 1633 GBp , ITs opening its IDR issue today in India and StanChart will issue 240 million IDRs, with every 10 IDRs representing one share of Standard Chartered Plc.StanChart has fixed the price band for its sale of Indian Depositary Receipts (IDRs) at INR100-INR115 per share.They have told they will give additional discount of five percent to retail investors for its IDRs based on whats the rate the value is fixed at.

Standard Chartered PLC IDR
Symbol – Series STAN EQ
Issue Period May 25, 2010 to May 28, 2010
Post issue Modification Period 29-May-10
Issue Size 240,000,000 INDIAN DEPOSITORY RECEIPTS (including Anchor investor portion of 36,000,000 IDRs)
Issue Type 100% Book Building
Price Range Rs 100 to Rs 115
Tick Size Re. 1/-
Market Lot 200 IDRs
Minimum Order Quantity 200 IDRs
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Global Coordinators and Book Running Lead Managers UBS Securities India Private Limited and Goldman Sachs (India) Securities Private Limited
Co-Book Running Lead Manager Standard Chartered ? STCI Capital Markets Limited
Categories FI ,IC ,MF ,FII ,OTH ,CO ,IND ,NOH ,and EMP
No. of Cities with Bidding Centers 66
Name of the registrar Karvy Computershare Private Limited

Standard Chartered PLC IDR Allotment Status can be found here.


Jaypee Infratech lists at Bourses below Par

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Jaypee Infra-tech got listed in the Stock Exchanges today , Jaypee infra which came out with a IPO in the range of 102 – 107 rs , Set the IPO final price at 102 rs , the subsidiary of Jaiprakash Associates finally got listed today in the exchange at a price of Rs 98 and at 10 or so its trading at 94 or so.

Scrip ID : JPINFRATEC
Group / Index : B
Face value : 10.00
Scrip Code : 533207


SJVN Ltd listed today and trading below Par

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SJVN IPO which came out with a IPO of Rs 41.50 crore at a price band of Rs 23 to Rs 26.The IPO got closed on may 3rd or so got listed today , the IPO got listed above IPO price but its trading below the price now at the range of 24 to 25.

At 9.30 or so there are only 10 lakh buyers or so but there are 70 lakh sellers.


Tarapur Transformers Ltd listed today

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Tarapur Transformers got listed today,The ipo has the price band between Rs. 65 and Rs. 75, and the offer closed on April 28th.The stock got listed today and the stock is range bound, it opened on 80 rs or so and now trading at 78 to 79.


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SJVN IPO Subscribed by 6.64 times on the closing day of the IPO

Total Issue Size 415000000
Total Bids Received 2754524000
Total Bids Received at Cut-off Price 326502000
No. of times issue is subscribed 6.64

Subscriptions by Details

>Qualified Institutional Buyers (QIBs) 9.0265
>Non Institutional Investors 3.3873
>Retail Individual Investors (RIIs) 3.1160
>Employee Reservation 0.2463


SJVN IPO opening today April 29th 2010

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About SJVN
The SJVN Ltd (formerly Nathpa Jhakri Power Corporation Limited – NJPC ) was incorporated on May 24, 1988 as a joint venture of the Government of India ( GOI ) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects. The present authorized share capital of SJVN is Rs 4500 crores

About SJVN IPO

SJVN LIMITED
Symbol – Series SJVN EQ
Issue Period Apr 29, 2010 to May 03, 2010
Issue Size 415,000,000 equity shares.
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.23 to Rs 26.
Tick Size Re. 1/-
Market Lot 250 equity shares
Minimum Order Quantity 250 equity shares
Maximum Subscription
Amount for Retail Investor
Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading IPO Grade 4/5
Rating Agency CARE

SJVN IPO Allotment Status Can be seen here.


Talwalkars Better Value Fitness IPO

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Talwalkars Better Value Fitness IPO is already open and it dint have a very good response on the first day and its closing tomorrow , we will see how it performs today .

TALWALKARS BETTER VALUE FITNESS LIMITED
Symbol – Series TBVF EQ
Issue Period Apr 21, 2010 to Apr 23, 2010
Issue Size 6,050,000 equity shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.123/- to Rs. 128/-
Tick Size Re. 1/-
Market Lot 50 Equity Shares
Minimum Order Quantity 50 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading IPO GRADE 3
Rating Agency CARE
Book Running Lead Manager INDIA INFOLINE LIMITED

Talwalkars IPO Allotment status can be found here.


SAIL FPO – Government to raise 16000 crore

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Government informed today that it has cleared the proposed 20 Percent disinvestment in SAIL Ltd ,that would fetch a total of Rs 16,000 .They will follow the two-tranche disinvestment, the government and the company would get Rs 8,000 crore each.Post disinvestment, the government’s equity will fall to 69 per cent from 85.82 per cent currently.
Sail FPO stake Sale

The stake sale will take place in two tranches of 10 per cent each, Chidambaram said, adding that each time 5 per cent will be through further public offer (FPO) and another 5 per cent through sale of government equity.


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SEBI has informed the market that it has reduced the time between IPO close and listing of equity shares to 12 days from earlier 22 days,this timeline cut for IPO will come into effect for those ipo that is coming on or after May 1.Applications Supported By Blocked Amount (ASBA) will be modified to suit IPO close, listing timeline cut.


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DQ Entertainment (International) Limited which went public for 7,92,83,000 Equity shares of Rs.10/- each fully paid-up , Issue price: Rs. 80 Per share (Face Value of Rs. 10/- and Premium of Rs. 70).A discount of Rs. 7/- was offered to the Eligible Employees of the Company. (Employee Discount).Date of Allotment happened on March 23, 2010.The company has planned to list on Bourses starting tomorrow Monday March 29th 2010.
Scrip Details and Address

Bse Scrip Code : 533176
Scrip ID on BOLT System : DQE

Registar

Karvy Computershare Private Limited
Plot No. 17-24,
Vittal Rao Nagar
Madhapur,
Hyderabad – 500 081
Tel: +91 40 2342 0815
Fax: +91 40 2342 0814
Email: dqipo@karvy.com
Website: www.karvycomputershare.com

Company address

DQ Entertainment (International) Limited
644, Aurora Colony
Road Number 3, Banjara Hills
Hyderabad 500 034
Tel: +91 40 2355 3726, 2355 3727
Fax: +91 40 2355 2594
Email ID for Investor Grievances: investors@dqentertainment.com
Website: http://www.dqentertainment.com


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IL&FS Transportation Networks Limited which came out with a IPO for 19,42,67,732 Equity shares of Rs.10/- each fully paid-up. It will list on the bourses on March 30th 2010 and the BSE Scrip Code is : 533177 and the Scrip ID on BOLT System : ILFSTRANS , Issue price : Rs. 258 Per share (Face Value of Rs. 10/- and Premium of Rs. 248).Date of Allotment: March 25, 2010 .
IL&FS Transportation Networks Address:

IL&FS Transportation Networks Limited
‘The IL&FS Financial Centre’,
Plot No. C 22, G Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051, India
Tel: + 91 22 2653 3333
Fax: +91 22 2652 3979
Email ID for Investor Grievances: itnlinvestor@ilfsindia.com
Website: www.itnlindia.com


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Great Eastern Shipping Company Ltd (GE Shipping) has informed the market that, as part of the growth strategy they have planned for the the wholly owned subsidiary, Greatship (India) Ltd (“Greatship”), to raise finances for its business through the public for an initial public offering.
Any offering and its timing will be subject to market conditions, Will give more details on the IPO if its materialized and if its approved by board of greatship india and Sebi.


Reid & Taylor IPO – Planning to go in for IPO in 6 Months

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Reid & Taylor which is very famous for its clothing collection especially Suits and Coats are planning to in for IPO in the next 6-8 months.They are planning to raise $ 100–150 million through the issue. Reid & Taylor is valued at $ 800 million by GIC. Regulatory clearances are expected in the next 3-4 months.
On the Financial Side

FY10 sales for Reid & Taylor is seen at Rs 1,000 crore.S Kumars maintain over 50% stake in Reid & Taylor. Consolidated debt closer of the company is to Rs 2700 crore at the moment.


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PERSISTENT SYSTEMS LIMITED which opened on March 17th 2010 and its closing almost today at 5.00 or so , has been oversubscribed by 43 times or so and retail will not be known fully until end of the day , but for sure it will be more than 10 times and on the overall side it will be more than 80 or so .(Finally its 93 times.)
PERSISTENT SYSTEMS IPO Details

Symbol – Series PER EQ
Issue Period Mar 17, 2010 to Mar 19, 2010.
Issue Size 5,419,706 shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.290 to Rs. 310
Tick Size Re. 1/-
Market Lot 20 Equity Shares
Minimum Order Quantity 20 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.

PERSISTENT SYSTEMS IPO Allotment Details will be available here.


SJVN LTD IPO – PSU IPO/FPO Filed with SEBI

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About SJVN
The SJVN Ltd (formerly Nathpa Jhakri Power Corporation Limited – NJPC ) was incorporated on May 24, 1988 as a joint venture of the Government of India ( GOI ) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects. The present authorized share capital of SJVN is Rs 4500 crores

Company : SJVN LTD.
IPO/FPO : IPO
Bookbuilding/Fixed Price Bookbuilding
Industry Power Generation & Supply
Instrument Equity
Issue Amount (Rs. crore) (Tentative) 1200.00
Date of Filing with SEBI 26/02/2010
Lead Managers :

JM FINANCIAL CONSULTANTS PVT.LTD., MUMBAI
IDFC-SSKI LTD., MUMBAI
IDBI CAPITAL MARKET SERVICES LTD., MUMBAI
SBI CAPITAL MARKETS LTD., MUMBAI

More About SJVN here.


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Pradip Overseas Ltd IPO which entered capital markets with an IPO of 10,600,000 Equity Shares of Rs. 10 for cash,was open from March 11, 2010, and closed on March 15, 2010. They had the issue price from Rs. 100 – Rs. 110 Per Equity Share .The issue was oversubscribed by 14 times or so and surprisingly on the retail side it was oversubscribed by 10 times or so .
Over subscription Times

Total Issue Size 10600000
Total Bids Received 149261280
Total Bids Received at Cut-off Price 33391560
No. of times issue is subscribed 14.08

Subscription by Category

>Qualified Institutional Buyers (QIBs) 8.5740
>Non Institutional Investors 45.3523
>Retail Individual Investors (RIIs) 10.5262
>Employee Reservation 0.0874

Pradip Overseas IPO Allotment can be seen here.


United Bank of India IPO Listing Date

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United Bank of India IPO has announced the market that it will list on on Thursday, February 25, 2010.They had Issue price fixed at Rs 240/- per share.

Listing Date: Thursday, March 18, 2010
BSE Script Code: 533171
ISIN: INE695A01019
Issue Price: Rs. 66.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share


IL&FS Transportation IPO Allotment will be Lottery Based

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IL&FS Transportation IPO which closed yesterday had the issue open from Mar 11, 2010 – Mar 15, 2010 , they raised Rs. 700.00 Crore for Issue Price: Rs. 242 – Rs. 258 Per Equity Share .
The issue had subscription figure of

Total Issue Size 23719009
Total Bids Received 792670275
Total Bids Received at Cut-off Price 35803425
No. of times issue is subscribed 33.42

Subscription by Category

> Qualified Institutional Buyers (QIBs) 52.6077
> Non Institutional Investors 39.3943
> Retail Individual Investors (RIIs) 4.5636

IL&FS Transportation IPO Allotment can be seen here.


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DQ Entertainment (International) which had its ipo closing yestreday has beaten the record of oversubscription of Man infra IPO ,DQ Entertainment Ltd IPO finally was subscribed by 86.3279 times.The IPO was open from Mar 08, 2010 and closed yesterday on Mar 10, 2010 .

Total Issue Size 13217151
Total Bids Received 1141008880
Total Bids Received at Cut-off Price 84464240
No. of times issue is subscribed 86.33

Subscription by Category

>Qualified Institutional Buyers (QIBs) 6605340 619980320 93.8605
>Non Institutional Investors 1572700 429159680 272.8808
>Retail Individual Investors (RIIs) 4718100 91752160 19.4468
>Employee Reservation 321011 116720 0.3636

DQ Entertainment IPO Allotment can be seen here .


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