New IPO Offerings Headlines

IPO Analysis

2 New IPO’s in the flourishing markets

Rajesh Singla

With markets flourishing in the last 3 weeks, IPO market has come alive with 2 new IPO’s hitting the market ...

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All you want to know about Facebook IPO

Rajesh Singla

Is it worth to invest in over hype IPO or does Facebook deserve all the hype it has created? If ...

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MCX commodity exchange comes with an IPO on 22nd Feb

Rajesh Singla

India's largest commodity exchange MCX will hit the capital market next week with an estimated Rs 650-750 crore initial public offer on February 22, becoming the first ever IPO by an exchange in the country. Will you subscribe to it?

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Will you apply for this decade most anticipated IPO of Facebook?

Rajesh Singla

Facebook, the world's most popular social networking site, with an estimated 845 million active subscribers, has turned eight 2 days back & has filed for an IPO. What is the valuation of Facebook IPO? How Facebook fairs when compared to Peers such as Microsoft, Google & Apple? How Facebook will list? How to invest in Facebook IPO? Have more burning questions on Facebook then read this whole guide on Facebook IPO.

25 IPO's pulls out the plug due to the sluggish markets

Rajesh Singla

Owing to a sluggish trend in the stock market, at least 25 companies have called off their initial public offer (IPO) plans so far in 2011. Mostly from the real estate and power sectors, these 25 IPOs were together estimated to raise about Rs31,000 crore worth capital to fund the companies’ business expansion plans.

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Flurry of IPO’s in the market. Should you subscribe to any?

Rajesh Singla

It is very strange that amid all the volatility in the stock markets, there have been numerous IPOs in the ...

RDB Rasayans IPO opens today

Rajesh Singla

The initial public offering of RDB Rasayans , a packaging material manufacturer, has opened for subscription today. The company offers 45 lakh equity shares through the issue. RDB is engaged in the business of manufacturing and selling of FIBC (jumbo bags) and woven sacks and various woven polymer based products like container liners, protective irrigation system, canal liners, etc. These products use fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc. Its manufacturing facility is located in West Bengal. Issue proceeds are proposed to be used for enhancing the manufacturing capacity by 7450 MTPA by establishing the Unit -II for Jumbo Bag Liners. Chartered Capital and Investment Ltd is the book running lead manager to the issue.

Prakash Constrowell comes with IPO on 19th September

Rajesh Singla

Prakash Constrowell, engaged in the business of infrastructure development and civil construction, will enter the capital markets Monday with its initial public offering to raise Rs 60 crore through 100 per cent book building process. Prakash Constrowell operates in the three segments of construction viz. infrastructure development, civil construction and residential & commercial real estate construction. The proceeds will be utilized to meet working capital requirement, investment in construction equipments and investment in subsidiaries. The price band and minimum bid lot will be announced at least two working days prior to the Issue opening date.

Should you apply for ONGC FPO which opens on Sep 20

Rajesh Singla

Finally after several postponements, follow-on public offer of state-run Oil and Natural Gas Corporation (ONGC) will open for subscription on September 20, 2011. Government will offer 42,77,74,504 shares (dilution of 5% post issue) through this FPO, which will close on September 23. The offer comprises a net offer to the public of 41,92,21,336 equity shares and a reservation of 85,53,168 equity shares for subscription by eligible employees. If we consider FPO price at Rs 250 a share, the issue size comes to Rs 10,700 crore. Market capitalisation of the company stands at Rs 221,073.86 crore. In the financial year 2010-11, the company reported sales turnover of Rs 66,154.88 crore and net profit of Rs 18,924.00 crore.

Grey Market Premium for IPO's & Bonds; ONGC FPO to hit on Sept 20

Rajesh Singla

ONGC FPO likely to hit market on Sept 20 The FPO has been jammed in a roadblock due to government's ad-hoc subsidy sharing mechanism. Post-FPO, the government's stake in ONGC would come down to 69.14% from the current 74.14%. Earlier, there were media reports that ONGC is considering to may file papers for a Rs 12,000 crore share sale by early next month. The government plans to sell 5% of 427.77 million shares through the FPO. The FPO was originally planned for 2010-11 fiscal but was deferred to April 5 as the company did not have adequate number of independent directors on its board to meet the SEBI's listing norm. Just Dial is planning to come with Rs 360 crore IPO Local search engine Just Dial plans to raise Rs 360 crore through an initial share sale, probably valuing the company more than 10 times its last fiscal revenue. On May 2011, the company had sold 2,400 shares at Rs 80 per share, the offer document shows. The company over the years had sold many preference shares which were converted into equity and had also issued bonus shares as high as 55:1. Citigroup Global Markets India and Morgan Stanley India are the book running lead managers to the issue.

L&T Finance IPO opens on 27th July

Rajesh Singla

L&T Finance plans to raise Rs 1,575 cr from IPO L&T Finance Holdings Ltd plans to raise Rs 1,575 crore via initial public offering (IPO) that will open on July 27 in a largest listing in India so far this year. Indian markets are however still trying to find a grip on various global events which have made markets directionless. However upcoming Reserve Bank of India's policy meet next week on July 26 might provide some direction and we might be able to move out of this range.

How to pick an IPO?

Rajesh Singla

The domestic stock markets have been through a spectacular rise over the last few months, and the trend is rubbing off in the primary markets as well. There is a flurry of initial public offers (IPOs) and follow-on public offers (FPOs) by private as well as public sector companies. There are many takers for the good and reasonably priced public offers. There has been a good participation by individuals, high net worth individuals, domestic institutional investors as well as FIIs. On the other hand, many offers struggled to get complete subscription due to over-pricing issues or weak fundamentals. Earlier, investors used to invest in IPOs in anticipation of listing gains. However, the primary market is getting more mature with time.

IPO's bleeding red – When will it end?

Rajesh Singla

Majority of the IPOs that we have seen lately remain deeply mired in the red, much below the IPO price. The major difference which we see between India and the rest of Asia is that here despite the poor fundamentals, the IPO prices defy all logic and they also ‘manage’ to get fully subscribed and then listed at a premium. Everything is well ‘managed’. Withdrawal of issues happen here too where IPOs have got the SEBI nod but due to the market conditions just dit not go ahead with the fund raising plans. Jindal Power, Avantha Power, Lavasa, Micromax, Reliance Infratel, MCX, Lodha Developers, Glenmark Generics and not to mention the bevy of big ticket IPOs of PSUs; all have postponed their issues, waiitng for market conditions to improve. In Dec 2008, SEBI extended the validity of its approval to one year. But many companies who had got the approval for the IPO have missed the deadline and many more are set to miss it too. All these will necessarily have to now refile their RHPs and seek approval all over again.

Birla Pacific & Rushil Decor comes with IPO, Fixes price band

Rajesh Singla

Yash Birla group company Birla Pacific Medspa has fixed price band of Rs 10-11 a share for its initial public offering of Rs 65.175 crore. The issue will be opened for subscription during June 20-23, 2011. Company operates med spa centres under the brand name “EVOLVE”. A med spa or medical spa is a hybrid between a medical clinic and a day spa and operates under the supervision of medical doctor. Decorative laminated sheets manufacturer Rushil Decor has fixed price band at Rs 63-72 for its initial public offering of 56,43,750 equity shares of face value Rs 10 each. The issue will open for subscription during June 20-23, 2011. The issue includes promoter’s contribution of 2,43,750 equity shares and issue to the public of 54 lakh equity shares. Company manufactures decorative laminated sheets with a network of branches, distributors and dealers across India. Company offers comprehensive engineered interior products including decorative laminate sheets and plain particle boards.

Timbor Home IPO opens on 30 May

Rajesh Singla

Timbor Home IPO will open on May 30 and close on Jun 01 for qualified institutional bidders and on Jun 02 for retail and non-institutional bidders. Timbor plans to issue 3.69 million shares through the IPO and will use the proceeds to fund its capex of Rs 181 million. The proceeds will be utilised to buy new machineries for its existing plants, set up 20 new stores under the COCO model and to fund its working capital requirements. Timbor is a manufacturer and retailer of modular kitchens, furniture and doors, and door and window frames. Currently, the company has 84 retail outlets, of which 81 are franchise stores and three are self-owned and operated. CRISIL Equities has assigned a grade of 1/5 to the proposed initial public offer (IPO) of Timbor Home, which indicates that the fundamentals of the IPO are ‘poor’ relative to other listed equity securities in India

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