Category Archives: IPO Allotment Details

L&T Finance Holding IPO Price set near Lower band

It was good news from L&T finance holding , they had their IPO over subscribed by more than 5 times or so and it was heard most of the bidding was near the higher band of 69 still the company has set the IPO price at 52 rs , which is really good for the investors and retailers , have never seen any company doing like this when the subscription was good and also when the subscription was happening at the higher end .

The company was offering 214.51 million shares to raise funds for strengthening its capital base, for lending and for repayment of debt.Before the launch of the public offering, L&T Finance had raised around $36 million from three cornerstone investors including DSP BlackRock, Malaysia’s Khazanah and US private-equity fund Capital International.It had earlier raised $75 million in a pre-IPO share placement to Capital International.

L&T Finance IPO Over subscription Details

L&T Finance IPO which is closing today as of yesterday evening was totally subscribed by mere 1.22 times or so , its kind of end of month and most probably everyone would get the salary today and not sure how many retailers will apply today ,

Total Issue Size 214508067
Total Bids Received 260779100
Total Bids Received at Cut-off Price 154393700
No. of times issue is subscribed 1.22

On the retail side the IPO has subscribed by 2.21 times .
L&T FINANCE HOLDINGS LIMITED IPO Over subscription details

1 Qualified Institutional Buyers (QIBs) 75382416 53907900 0.72
2 Non Institutional Investors 31617647 15757100 0.50
3 Retail Individual Investors (RIIs) 73774510 163301600 2.21
4 Employees 10204082 5230200 0.51
5 Shareholders 23529412 22582300 0.96

Will keep this updated – Final update please see below – Total it was subscribed by 5.34
L&T FINANCE HOLDINGS LIMITED

Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 75382416 145134800 1.93
2 Non Institutional Investors 31617647 195534600 6.18
3 Retail Individual Investors (RIIs) 73774510 709226000 9.61
4 Employees 10204082 15608600 1.53
5 Shareholders 23529412 78940600 3.35

L&T FINANCE HOLDINGS IPO and Allotment Details

L&T Finance Holdings’ initial public offering (IPO) opens for bidding on 27 July 2011. The IPO closes on 29 July 2011. L&T Finance Holdings is a subsidiary of engineering and construction major Larsen & Toubro. The company plans to use the IPO proceeds to repay Rs 345 crore to its parent, enhance its own capital base by infusing Rs 570 crore into the company, and invest Rs 535 crore in L&T Infrastructure Finance.

L&T Finance Holdings on 7 July 2011 raised Rs 330 crore through a private placement of 6 crore equity shares at Rs 55 per share to Capital International of the US.

L&T FINANCE HOLDINGS LIMITED
*Non-Retail investors i.e. QIB,Non-Institutional Investors and L&T Shareholders Bidding for more than 2 lac shall mandatorily use ASBA facility
Symbol – Series LTFH EQ
Issue Period July 27, 2011 to July 29, 2011
Post issue Modification Period July 30,2011
Issue Size Public issue of [.] Equity Shares aggregating upto Rs 12450 million.
Issue Type 100% Book Building
Price Range Rs.51 to Rs.59
Face Value Rs.10/-
Tick Size Re. 1/-
Market Lot 100 Equity Shares
Minimum Order Quantity 100 Equity Shares
IPO Grading IPO GRADE 5
Rating Agency CARE and ICRA
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Joint Global Coordinators and Book Running Lead Manager JM Financial Consultants Private Limited,Citigroup Global Markets India Private Limited,HSBC Securities and Capital Markets (India) Private Limited
Book Running Lead Manager Barclays Securitie s (India) Private Limited,Credit Suisse Securities (India) Private Limited
Co Book Running Lead Manager Equirus Capital Private Limited
Syndicate Member JM Financial Services Private Limited,SMC Global Securities Limited,Karvy Stock Broking Limited,IDBI Capital Market Services Limited
Categories* FI,IC,MF,FII,OTH,CO,IND, NOH, EMP and SHA.
No. of Cities with Bidding Centers 66
Name of the registrar Sharepro Services (India) Private Limited
Address of the registrar 13 A B, Samhita Warehousing Complex,2nd floor, Sakinaka Telephone Exchange Lane,Andheri – Kurla Road,Sakinaka, Andheri (E), Mumbai ?4 00072
Contact person name number and Email id Mr. Prakash A Khare, Te l: +91 22 6191 5400/412 Fax: +91 22 6191 5444,prakashk@shareproservices.com
Prospectus Click Here

Investment Rationale:

The operations are arranged into four business groups, being the Infrastructure Finance Group, the Retail Finance
Group, the Corporate Finance Group and the Investment Management Group. As on March 31, 2011, on a
consolidated basis, we had total gross loans and advances outstanding of Rs 179,431.77 million, and for Fiscal Year
2011, they made total disbursements of Rs 243,415.11 million across our Infrastructure Finance Group, Corporate
Finance Group and Retail Finance Group.

Key Strategies:

a) Continue to expand the business to include new products and services, as well as entirely new lines of business.
b) Increase the market penetration of their existing products and services
c) Continue to focus on two key Indian growth stories: infrastructure and rural development
d) Develop their financial products distribution business segment.
e) Continue to attract and retain talented professionals
f) Continue to focus on the growth of their retail loan portfolio

Key Strengths:

a) Diversified and balanced mix of high growth businesses.
b) Strong distribution network, with a presence throughout India
c) Experienced management team and employees with a proven track record of establishing and growing new lines of business
d) High quality loan portfolio comprising the funding of mainly income-generating assets and activities.
e) Good financial and capital position, as well as access to multiple sources of capital
f) Strong parentage and brand equity of L&T

Punjab & Sind Bank IPO Subscribed by more than 40 Times

Punjab & Sind Bank IPO Subscribed by more than 40 Times as of 3.00 clock on the closing day . Updated: Closed the day by subscribing 50 times.

Total Issue Size 40000000
Total Bids Received 1673284300
Total Bids Received at Cut-off Price 291079900
No. of times issue is subscribed 41.83

Retail portion got subscribed by more than 44 times.
Total Subscription

Total Issue Size 40000000
Total Bids Received 2029886650
Total Bids Received at Cut-off Price 495854050
No. of times issue is subscribed 50.75

IPO Subscription by Category

1 Qualified Institutional Buyers (QIBs) 19000000 946149350 49.80
2 Non Institutional Investors 5700000 489281450 85.84
3 Retail Individual Investors (RIIs) 13300000 591240650 44.45
4 Employee Reservation 2000000 3215200 1.61

Punjab and Sind Bank IPO Allotment Status can be seen here.

Punjab & Sind Bank IPO

About Punjab & Sind Bank

It was in the year 1908, when a humble idea to uplift the poorest of poor of the land culminated in the birth of Punjab & Sind Bank with the far-sighted vision of luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh.

They enjoyed the highest respect with the people of Punjab.The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.Decades have gone by, even today Punjab & Sind Bank stands committed to honor the social commitments of the founding fathers.

Punjab & Sind Bank IPO Details

Issue price / Floor Price (Rs)113-120
Application per share (Rs)113.00
Minimum investment amount (Rs)5,650.00
Minimum bid (no of shares) 50 shares and in multiples of 50 thereafter
Maximum Shares for Retail 1750-1650
Issue opens 13-Dec-10
Issue closes 16-Dec-10
Issue size (Rs cr) 452-480
Mkt cap at issue price (Rs cr) 2520.53-2676.67

A2Z Maintenance and Engineering IPO

After Incorporation, A2Z is one of the fast growing enterprises on the Indian business horizon. The Company was acquired by Mr Amit Mittal from its existing shareholders in December 2003 and February 2004. Initially The Group began its operations in Facility Management Services (FMS) and later entered the Engineering Procurement & Construction (EPC) business, in the fiscal year 2008.

The EPC business got its intensity with the acquisition of Sri Eswara Sai Construction Private Limited, a company registered in the year 2007 engaged in the installation of transmission lines, which was subsequently merged with and into the Company, in January 2008. To enhance our business focus and streamline operations, the Company transferred its FMS business to its wholly-owned subsidiary, A2Z Infraservices in the same year pursuant to a court-approved scheme of demerger. In August 2009, we further consolidated our presence in the FMS segment through the acquisition of Imatek.
A2Z MAINTENANCE & ENGINEERING SERVICES LTD

Symbol – Series A2Z EQ
Issue Period Dec 08, 2010 to Dec 10, 2010
Post issue Modification Period 11-Dec-10
Issue Size [?] Equity Shares Of Rs.10 Each aggregating to Rs.6,750 Million and an Offer For Sale Of 4,556,193 Equity Shares Of Rs. 10 Each At The Issue Price.
Price Range Rs 400 to Rs 410
Tick Size Re. 1/-
Market Lot 15 Equity Shares
Minimum Order Quantity 15 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Grading IPO Grade 4 by CARE Limited

Issue Proceeds to be used for

Fresh issue will be used for investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab; investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan; investment in subsidiaries; repayment of a loan granted by L&T Infrastructure Finance Company Limited (L&T Infrastructure Finance) to the company; and working capital requirements.

Gravita India IPO Allotment Details

Gravita India IPO which opened after Coal India IPO and which closed on November 3rd 2010 had a very good response from the retailers.Gravita India Ltd IPO finally subscribed 42.88 times on its closing day. Gravita India IPO was open on Nov 01, 2010 and closed today on Nov 03, 2010 for subscription. Gravita India has received bids for 15,43,59,850 shares as against issue size of 36,00,000 shares.
Oversubscription detail

Qualified Institutional Buyers (QIBs): 6.04 Times
Non Institutional Investors: 182.52 Times
Retail Individual Investors (RIIs): 37.34 Times
Employee: 1.17 Times
Total: 42.88 Times

Issue Details

»» Issue Open: Nov 01, 2010 – Nov 03, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 3,600,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 43.20 – 45.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 120 – Rs. 125 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE

Gravita India IPO Allotment Details can be seen here.

PRESTIGE ESTATES PROJECTS LIMITED IPO Opens Today

PRESTIGE ESTATES PROJECTS LIMITED IPO
Symbol – Series PRESTIGE EQ
Issue Period Oct 12, 2010 to Oct 14 2010
Issue Size Public issue of [.] equity shares of Rs. 10/- each Aggregating upto Rs 12000 million.[including anchor portion of 11773770 equity shares]
Face Value Rs. 10/- and Price Range Rs 172 to Rs 183
Market Lot 30 Equity Shares
Minimum Order Quantity 30 Equity Shares
IPO Grading IPO Grade 3 by ICRA
Subscription Numbers can be seen here.
PRESTIGE ESTATES PROJECTS LIMITED IPO Allotment can be seen here.

Oberoi Realty Limited IPO Allotment Status

OBEROI REALTY LIMITEDwhich had the issue opened from Oct 06, 2010 to Oct 08 2010 had the Public issue of 39,562,000 equity shares of Rs. 10/- each.(including anchor portion of 71,21,160 equity shares) and Issue Type was 100% Book Building , the Price Range was Rs 253 to Rs 260.The IPO Grading was given as IPO Grade 4 by CRISIL. The ipo was subscribed by 12.13 times.
IPO Subscription

Total Issue Size 32440840
Total Bids Received 393530100
Total Bids Received at Cut-off Price 9437840
No. of times issue is subscribed 12.13

IPO Subscription

1 Qualified Institutional Buyers (QIBs) 16616040 368040620 22.15
2 Non Institutional Investors 3956200 14286900 3.61
3 Retail Individual Investors (RIIs) 11868600 11202580 0.94

Oberoi Realty Limited IPO Allotment Status can be seen here.

BS TRANSCOMM LIMITED IPO open from October 6th 2010 to October 8th 2010

BS TRANSCOMM LIMITED
Symbol – Series BSTL EQ
Issue Period Oct 06 2010 to Oct 08 2010
Issue Size 76,79,410 Equity Shares aggregating to Rs. [?] million
Issue Type 100% Book Building
Price Range Rs 257/- to Rs 266/-
Tick Size Re. 1/-
Face Value Rs 10/-
Market Lot 25 Equity Shares
IPO Grading IPO Grade 2 by ICRA
BS TRANSCOMM LIMITED IPO Allotment status can be found here when the IPO is closed

BEDMUTHA INDUSTRIES LTD IPO Allotment Status

Bedmutha Industries which had the ipo alosed on October 1st 2010 has a Issue size of 90,00,000 equity shares of face value of Rs 10 each and the IPO Rs 95 to Rs 102 and the IPO was graded as 2 by ICRA , the IPO was subscribed by 7.69 times.
IPO Subscription

Total Issue Size 9000000
Total Bids Received 69215250
Total Bids Received at Cut-off Price 26089700
No. of times issue is subscribed 7.69

IPO Subscription by Category

1 Qualified Institutional Buyers (QIBs) 4500000 2995785 0.67
2 Non Institutional Investors 1350000 39412750 29.19
3 Retail Individual Investors (RIIs) 3150000 26806715 8.51

BEDMUTHA INDUSTRIES LTD IPO Allotment Status can be found here.

SEA TV Network IPO Allotment Status

SEA TV Network whose IPO was open from sep 27th to sep 29th 2010 , had the IPO price ranging from 90 t0 100 rs.They had the Issue size of upto [*] shares of face value of Rs 10 each aggregating to Rs. 5020 Lacs.The IPO was graded 1 by ICRA still the IPO was subscribed by almost 9.58 times.
IPO Subscirption Info

Total Issue Size 5577777
Total Bids Received 53423630
Total Bids Received at Cut-off Price 14127880
No. of times issue is subscribed 9.58

Subscription by Category

1 Qualified Institutional Buyers (QIBs) 2788888 4630535 1.66
2 Non Institutional Investors 836667 34253830 40.94
3 Retail Individual Investors (RIIs) 1952222 14539265 7.45

SEA TV Network IPO Allotment Status can be found here : http://www.linkintime.co.in/site/ipo.asp

Ashoka Buildcon Limited IPO Allotment Detail

Ashoka Buildcon Limited IPO which had its IPO closed yesterday , the price range was from Rs 297 to Rs 324 .The IPO got subscribed by 15.94 times.

Total Issue Size 6218940
Total Bids Received 99155637
Total Bids Received at Cut-off Price 6609834
No. of times issue is subscribed 15.94

IPO subscription by category

1 Qualified Institutional Buyers (QIBs) 3165909 80792565 25.52
2 Non Institutional Investors 753788 10483284 13.91
3 Retail Individual Investors (RIIs) 2261364 7834008 3.46
4 Employee Reservation 37879 45780 1.21

Ashoka Buildcon Limited IPO Allotment can be found here

VA Tech Wabag Limited IPO Allotment Status

VA Tech Wabag Limited which had its IPO alosed yesterday had the Price Range from Rs. 1230/- to Rs. 1310/- ,The ipo got subscribed by 36 times .

Total Issue Size 3128507
Total Bids Received 113301785
Total Bids Received at Cut-off Price 9998550
No. of times issue is subscribed 36.22

Subscription by category

1 Qualified Institutional Buyers (QIBs) 1293684 46736450 36.13
2 Non Institutional Investors 550447 55586055 100.98
3 Retail Individual Investors (RIIs) 1284376 10979280 8.55

VA Tech Wabag Limited IPO Allotment Status can be found here.

ELECTROSTEEL STEELS LIMITED IPO Allotment Details

Electrosteel Steels Limited IPO

Total Issue Size 225516188
Total Bids Received 1856319600
Total Bids Received at Cut-off Price 372953400
No. of times issue is subscribed 8.23

The ipo which closed on 23rd or so had price range of 10 to 11 rs.The ipo closed with 6.19 times on the retail side.
Electrosteel steels Limited IPO allotment status can be seen here http://mis.karvycomputershare.com/ipo/

Ramky Infrastructure Limited IPO Allotment Status

Ramky Infrastructure Limited ipo closed with total subscription of 2.89 times .

Total Issue Size 10947294
Total Bids Received 31621464
Total Bids Received at Cut-off Price 3096856
No. of times issue is subscribed 2.89

Retail times was subscribed by just 1 time or so .
Ramky Infrastructure Limited IPO allotment status can be found here.

Career Point IPO,Eros International Media and Microsec Financial IPO Subscription Details

CAREER POINT INFOSYSTEMS LIMITED IPO – 26 times still 8 more hrs for close of the IPO – http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=CPILCUMUEQ&ir=I&cn=C&sd=D&cnlink=N
EROS INTERNATIONAL MEDIA LIMITEDm IPO 1.71 times still 8 more hrs for close of the IPO – http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=EROSCUMUEQ&ir=I&cn=C&sd=D&cnlink=N
MICROSEC FINANCIAL SERVICES LIMITED IPO – 2.45 times still 8 more hrs for close of the IPO – http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=MICROSECCUMUEQ&ir=I&cn=C&sd=D&cnlink=N

MICROSEC FINANCIAL SERVICES LIMITED IPO Closing tomorrow

MICROSEC FINANCIAL SERVICES LIMITED IPO
Symbol - Series MICROSEC EQ
Issue Period Sep 17, 2010 to Sep 21, 2010
Post issue Modification Period September 22, 2010
Issue Size Public Issue of 125,00,000 Equity Shares of Rs. 10/- each
Issue Type 100% Book Building
Price Range Rs 113 to Rs 118
Tick Size Re. 1/-
Market Lot 52 Equity Shares
Minimum Order Quantity 52 Equity Shares
IPO Grading IPO Grade 2 by Rating Agency CRISIL
MICROSEC FINANCIAL SERVICES LIMITED IPO Allotment can be see here.
The IPO has already subscribed by 1.57 times .

EROS INTERNATIONAL MEDIA LIMITED IPO – Closing tomorrow

EROS INTERNATIONAL MEDIA LIMITED IPO
Symbol – Series EROS EQ
Issue Period Sep 17, 2010 to Sep 21 2010
Post issue Modification Period Sep 22 2010
Issue Size Issue size of upto [.] shares aggregating to Rs. 3,500 million(including anchor portion of 3600000 shares)
Issue Type 100% Book Building
Price Range Rs. 158/- TO Rs. 175/-
Market Lot 40 Equity Shares
IPO Grading IPO Grade 4 by Rating Agency CARE
EROS INTERNATIONAL MEDIA LIMITED IPO Allotment Details can be seen here.
On September 20th that is this morning the IPO was not still fully subscribed it at .79 times subscription.

CAREER POINT INFOSYSTEMS LIMITED IPO – Closing tomorrow

Symbol – Series CPIL EQ
Issue Period Sep 16, 2010 to Sep 21 2010 [* For QIB bidders Issue closes on Sep 20, 2010]
Post issue Modification Period Sep 22 2010
Issue Size Public issue of up to [.] equity shares of Rs. 10/- each aggregating to Rs.1150 million.(including Anchor Portion of 656,040 equity shares)
Issue Type 100% Book Building
Price Range Rs 295 to Rs 310
Market Lot 20 Equity Shares
Minimum Order Quantity 20 Equity Shares
IPO Grading IPO Grade 3 by Rating Agency CARE
Subscribed by 1.27 times on september 20th 2010.
CAREER POINT INFOSYSTEMS LIMITED IPO Allotment status can be found here.

TIRUPATI INKS LIMITED IPO Opened on September 14th 2010

TIRUPATI INKS LIMITED IPO

Symbol – Series TIRUPATI EQ
Issue Period Sep 14, 2010 to Sep 17, 2010 (For QIB BIDDERS BID/ISSUE CLOSES ON Sep 16, 2010)
Post issue Modification Period 18-Sep-10
Issue Size Issue of [?] equity shares of Rs. 10/- each aggregating to Rs. 5150.00 lakhs including promoter?s contribution of [?] equity shares aggregating to Rs. 1151.00 lakhs
Issue Type 100% Book Building
Price Range 41/- to Rs 43/ per equity shares
Tick Size Re. 1/-
Face Value Rs. 10/-
Market Lot 150 equity shares
Minimum Order Quantity 150 equity shares

TIRUPATI INKS LIMITED IPO Allotment can be seen here : http://www.beetalfinancial.com/ipod.aspx

INDOSOLAR LIMITED IPO Closing today

INDOSOLAR LIMITED

Symbol – Series INDOSOLAR EQ
Issue Period Sep 13, 2010 to Sep 15 2010
Post issue Modification Period Sep 16 2010
Issue Size Public issue of up to [.] equity shares of Rs. 10/- each aggregating to Rs.35700 lakh.
Issue Type 100% Book Building
Price Range Rs 29 to Rs 32
Tick Size Re. 1/-
Market Lot 200 Equity Shares
Minimum Order Quantity 200 Equity Shares
IPO Grading IPO Grade 3 by crisil

Indosolar IPO Allotment can be seen here : http://www.linkintime.co.in/site/ipo.asp

SKS Microfinance Listed above 1000 Rs

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.

SKS MICROFINANCE IPO Allotment and Subscription Details

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.