Category Archives: PSU

SJVN LTD IPO – PSU IPO/FPO Filed with SEBI

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.

Market crashes by 423 points – DisAppointing Results

Sensex closed at 17,051 down by 423.35 or 2.42 Per Cent , the market was volatile until 10 or so and after that the results started pouring in and the market started going down from there after market started hearing Disappointing Q3 results from main company like Larsen Toubro , Icici Bank ,there was also profit booking happening in Banking stocks and most of the PSU stocks .Shipping stocks where hammered after the government announced there is no news of sale in shipping corporation of india to public.

>ICICI Bank net profit declines 13.45 per cent in the December 2009 quarter
>Larsen & Toubro net profit declines 50.09 per cent in the December 2009 quarter
>Kingfisher Airlines reports net loss of Rs 419.96 crore in the December 2009 quarter