5 Must Invest IPO In 2011

January 11, 2011   ·   0 Comments



The year 2010 was good for primary market, about 65 companies raised more than Rs 71,000 crore through public issues. Experts believe that this year will be better than the previous as more companies are lined up for raising money for expansion.

As per Finance Ministry sources, Government is set to launch about eight to nine public issues in FY12. RINL, MMTC, PFC and NBCC are few of them.

According to research firm Mehta Equities the five interesting IPOs in 2011 are Micromax, Tata Autocomp Systems, IOT Infrastructure, L&T Finance and HPCL-Mittal Energy.

Domestic mobile handset seller Micromax Informatics is expected to go public early in 2011. The company filed its prospectus late last month. The company is expecting to raise Rs 426 crore through the offer.

Auto parts maker Tata Autocomp Systems is to enter capital markets by raising Rs 750 crore through an Initial IPO which includes equity shares of 10 each. As per the prospectus, shareholders including Tata Motors, Tata Sons, Tata Capital and Tata Industries will together sell nearly 35.63 million shares in the company.

Indian Oil Corporation (IOC) co-promoted oil EPC firm, IOT Infrastructure and Energy Services is all set to hit the capital market with an IPO of Rs 800 crore before March. The company had filed its Draft Red Herring Prospectus with SEBI for the IPO in September which entails marginal divestment by its existing owners and issue of fresh shares.

L&T Finance, the financial arm of Larsen and Toubro (L&T) has filed for an IPO to raise Rs 1.500 crore, which is expected to hit the capital market in the fourth quarter of FY11. The dilution for L&T Finance IPO will be around 10-12%.

The joint venture between Hindustan Petroleum Corporation and Singapore-based Mittal Energy Investment, HPCL-Mittal Energy (HMEL) is going to sell 10% stake each in the Bathinda refinery in a public offering in Q4 of 2011. The IPO is expected to raise Rs 1,000-1,500 crore. Both HPCL and Mittal Energy hold stake of 49% each in the company, while the financial institutions hold the rest 2%.

Source: Moneycontrol

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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