On vacation – Happy Deepawali

Dear Friends,

I shall be on vacation for next two weeks. Though will try to post whenever I get some internet connection however most of the time, will be at my village where we do not have internet connection.

Sorry for the inconvenience.

Happy Deepawali. Wishing that Lakshmi brings lot of prosperity to all of you.

Cheers..Prakashak

Maytas Infra Limited - Listing

Against issue price of Rs. 370, Maytas Infra Limited got listed today with an opening price of Rs. 515.75 (premium of 40%). It reach a high of 515 before closing at 613.35 (premium of 66%). Good luck to everyone.

Empee Distilleries - IPO

Incorporated in 1984, Empee Distilleries Limited is in the business of manufacturing Alcoholic Beverages. Empee Distilleries manufacture Indian Made Foreign Liquor (IMFL) and their distillery units are located in Tamil Nadu and Kerala. Company manufactures IMFL under its own brands as well as for other companies.

Empee Distilleries is entering the capital markets with an initial public offering, IPO of 48,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
 
The price band for the issue has been fixed at Rs. 350/- at lower level and Rs. 400/- at upper level for equity share of Rs. 10/-. The issue opens on Nov 01, 2007, and closes for subscription on Nov 06, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

BARAK VALLEY CEMENTS LIMITED - IPO

Incorporated in 1999, Barak Valley Cements Limited (BVCL) is in the business of manufacturing cement under the brand name "Valley Strong Cement". BVCL does most of the business in North Eastern region of India. BVCL's products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC) with current capacity of 460 TPD cement manufacturing. BVCL plant is located at Joom Basti, Devendranagar, Badarpurghat, District Karimganj, Assam.

Barak Valley Cements is entering the capital markets with an initial public offering, IPO of 56,60,000  Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
 
Other details:

BARAK VALLEY CEMENTS LIMITED
Symbol - Series	BVCL EQ
Issue Period	October 29, 2007 to November 01, 2007
Issue Size	5660000 Equity Shares
Issue Type	100% Book Building
Face Value	Rs. 10/-
Price Range	Rs 37 to Rs 42
Tick Size	Re. 1/-
Market Lot	150 shares
Minimum Order Quantity	150 shares
Book Running Lead Manager	UTI Securities Limited
Co-Book Running Lead Manager	Karvy Investor Services Limited
Syndicate Member	Karvy Stock Broking Limited

Religare Enterprises Limited - IPO

Religare is entering the capital markets with an initial public offering, IPO of 75,76,102 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 160/- at lower level and Rs. 185/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 29, 2007, and closes for subscription on Nov 01, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Religare Enterprises Limited
Issue Period	October 29, 2007 to November 01, 2007
Issue Size	7576102 Equity Shares
Issue Type	100% Book Building
Face Value	Rs. 10/-
Price Range	Rs 160 to Rs 185
Tick Size	Re. 1/-
Market Lot	35 shares
Minimum Order Quantity	35 shares
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Book Running Lead Manager	Enam Securities Private Limited and Citigroup Global Markets India Private Limited
Syndicate Member	Enam Securities Private Limited and Citigroup Global Markets India Private Limited
Name of the registrar	Karvy Computershare Private Limited

 

Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company.

Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare's retail network spreads across more than 900 locations across more than 300 cities and towns in India.

Varun Industries - IPO

Varun Industries, the largest exporter of stainless steel kitchenware and houseware items, proposes to enter the capital markets with an IPO of 90 lakh equity shares with an issue price of Rs 60 of face value Rs. 10 each aggregating to Rs 54 crore. The issue opens on October 25 and closes on October 31.

Out of the 90-lakh equity shares, 24.30 lakh shares are allotted to the promoters, 32.85 lakh shares to non-retail investors and the remaining to retail investors. The net issue of would comprise 29.71 per cent of the post-issue paid-up capital of the company.

The company plans to use the funds raised to meet the expenditure for brand building in the domestic market and to meet working capital requirements.

IDBI Capital Market Services Ltd is the lead manager and Indbank Merchant Banking Services Ltd is the co-lead manager

Rathi Bars – IPO Open

Iron and steel maker, Rathi Bars is open for subscription with an initial public offering (IPO) of 71.42 lakh equity shares with a face value of Rs 10 each at fixed price of Rs 35 per share to raise around Rs 25 crore. The issue would close on 23 October.

Saamya Biotech India Limited IPO – Listing Details

IPO Listing Date	Friday, October 19, 2007
BSE Script Code	532905
Listing in	B1 Group
ISIN	INE320H01019
Issue Price	Rs. 10/- Per Equity Share
Face Value	Rs. 10/- Per Equity Share

Saamya Biotech India Limited IPO – Allotment status

Saamya Biotech India Limited IPO Allotment status is out. Check out at http://aarthiconsultants.com/ipostat.htm.

Supreme Infrastructure India Limited – Listing 86% premium

Supreme Infrastructure India Limited listed at 187.50 on NSE (kool 86% premium on issue price of Rs. 108). In between touched a high of 220 and low of 170. Now hovering around 190.

Allied Computers International (Asia) Ltd - IPO

Incorporated in 2002, Allied Computers International (Asia) Ltd is in the business of assembling and marketing of laptop computers. ACi undertakes services and maintenance contracts for all brands of laptop computers.

ACi Asia Limited is entering the capital markets with an initial public offering, IPO of 50,00,000 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs 12/- for equity share of Rs 10/-. The issue opens on October 19, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Dhanus Tech ends with 5.5% premium

This is what they call "Jinxed". First problem during IPO that they have to give option to the investors to withdraw their applications and now on the day of listing, the market fell like anything. Dhanus Technologies, a communication services company, has ended the day with 5.47% premium at Rs. 311.15 as against its offer price of Rs. 295 on the BSE. The share opened at Rs. 300.20 but did not sustain above issue price and slipped to touch a low of Rs. 251.6 on the back of negative sentiment in the markets (Sensex closed at 18715.82, down 336.04 points).

In the afternoon trade, the stock started trading above issue price as markets recovered more than 1200 points during the day. It touched a high of Rs. 350.

On the NSE, the share rose 3.83% to end at Rs. 306.30, with volumes of 43,70,615 shares. It has hit a high/low of Rs. 327.80 and Rs. 260, respectively. The turnover was at Rs. 134.10 crore.

The company had entered the capital market on September 10, 2007 with a public issue of 38,35,000 equity shares of Rs. 10 each. The issue was subscribed 14.47 times.

Market Update - Biggest Crash of the Sensex and Biggest Recovery

What really happened it just lost 398 points instead of 1743 points why this much recovery the document that was released by SEBI yesterday evening made FII's top think that the P-Notes might be totally banned and today morning this was reflected in the opening market , It opened with a downward gap of 1,013.96 points at 18,037.90. When the trading was halted at 09:57 IST, Sensex was down 1,743.96 points or 9.15% to 17,307.90.Nifty provisionally ended down 134.15 points, or 2.37%, to 5,533.90. When the trading was halted at 09:57 IST, Nifty was down 524.15 points or 9.25% to 5,143.90.

In afternoon, Securities & Exchange Board of India (Sebi) Chairman, M Damodaran, clarified to television media that participatory notes (PN) are not being banned and there will be no bar on FII inflows. But it is important to differentiate between PN underlyings, he added. He said that 18 months for unwinding will be enough and during this time, serious investors can register themselves. PNs can be renewed post unwinding the equal amount. Sebi is looking at encouraging more FII registrations and therefore it may look at simpler FII registration norms. He also clarified that Sebi is not proposing a ban on offshore derivatives.

From rupya

Dhanus Technologies IPO – Listing date

Dhanus Technologies Limited IPO listing details:

IPO Listing Date	Wednesday, October 17, 2007
BSE Script Code	532903
NSE Symbol	DHANUS
Listing in	B1 Group
ISIN	INE406H01016
Issue Price	Rs 295/- Per Equity Share
Face Value	Rs 10/- Per Equity Share

Supreme Infrastructure India Limited IPO – Listing on 18 Oct

Supreme Infrastructure India Limited IPO listing Information:

IPO Listing Date	Thursday, October 18, 2007
BSE Script Code	532904
NSE Symbol	SUPREMEINF
Listing in	B1 Group
ISIN	INE550H01011
Issue Price	Rs 108/- Per Equity Share
Face Value	Rs 10/- Per Equity Share

Maytas Infra Limited – Allotment Status

IPO Allotment Status is now available for Maytas Infra Limited.

Maytas Infra Limited IPO was closed on October 04, 2007 and was oversubscribed by around 67.86 times (retail 15.4177 times).

Check out at http://203.199.177.158/ipo/

Dhanus Tech to list on bourses on Oct. 17

Chennai-based Dhanus Technologies (DTL), engaged in telecom, IT enabled services and BPO business will list on bourses on Wednesday, Oct. 17, 2007.

Incorporated in 1993, DTL commenced telecom based services and software businesses in the year 1996. In June 2004, it launched its world`s prepaid calling cards product. Thereafter, DTL built up an extensive network of dealers, agencies and direct marketing associates in India, South East Asia and West Asia. DTL has wireless license for launching FleeTrac services, which aims at the Indian logistics segment.

SVPCL LTD - IPO

SVPCL LTD
Issue Period	October 22, 2007 to October 26, 2007
Issue Size	(.) Equity Shares aggregating Rs. 3450 lakhs
Issue Type	100% Book Building
Face Value	Rs. 10/-
Price Range	Rs 40 to Rs 45
Market Lot	125 shares
Minimum Order Quantity	125 shares
Book Running Lead Manager	BOB Capital Markets Limited
Co-Book Running Lead Manager	UTI Securities Limited
Syndicate Member	ENAM Securities Pvt. Ltd and Saffron Capital Advisors Pvt. Ltd
Name of the registrar	Aarthi Consultants Pvt. Ltd

SVPCL Limited is Hyderabad based manufacturer of paper products and stationery. SVPCL also involve in large volume printing, computer stationery and security printing.

SVPCL has production facilities in Hyderabad, Vijayawada and Visakhapatnam Special Economic Zone. SVPCL products include Single and Multiple Part, Blank and Pre-printed Computer Stationery, Security Products like Share Certificates, Fixed Deposit Receipts, Courier Dockets, Credit Cards, ATM Pin Mailers, Pay Covers, Brochures, Annual Reports, and Calendars & Text Books etc.

SVPCL's manufacturing units are equipped with high tech machinery from Muller Martini, Komori, and Heidelberg which help it to produce quality papers. Companies major client include Air Tel, Tata Tele, Voltas, Karvy Consultants, Reliance India, Aurobindo Pharma, Deccan Chronicle. Vaartha etc.

SVPCL turnover has grown from Rs 10 Crore in year 2002 - 2003 to around Rs 55 Crore for first 9 months of financial year 2006 - 2007.

Objects of the Issue:


The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital

1. To modernize and expand the existing manufacturing facilities at Hyderabad, Vijayawada and Visakhapatnam;


2. To set up marketing infrastructure at identified locations in different parts of the country and


3. To add long term working capital resources

Dhanus Technologies – Allotment status

Allotment status for Dhanus Technologies is out. You can check the same at http://www.cameoindia.com/ipo.htm

Rathi Bars Limited (RBL) IPO opening on Oct 18

Incorporated in 1993, Rathi Bars Limited (RBL) is a steel company involve in manufacturing TOR Steel under the brand name RATHI TOR. These steel bars are commonly used in the construction of multi-storied buildings, dams, bridges, flyovers, and power plants as a basic reinforcement material.

RBL is entering the capital markets with an initial public offering, IPO of 71,42,857 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs 35/- for equity share of Rs 10/-. The issue opens on October 18, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Dhanus Technologies fixes issue price at Rs. 295

Dhanus Technologies, a rapidly growing telecom service provider company, has fixed the issue price at Rs 295 per equity share of Rs 10 each.

The company had entered the capital market with IPO (Iniital Public Offer) which was 100% Book Built Issue and issue price was Rs. 280/- to Rs. 295/- Per Equity Share.

Subsequent to the successful closure of IPO, on directions from SEBI, the company came out with a public notice along with individual intimations to all applicants giving the bidders an option to withdraw their bids if they so desired. At the end of this option, the issue still remains comfortably subscribed by 14.47 times (QIB 13.96, HNI 24.06, Retail 14.77 & Employees 1.03 times).

Now the company has fixed issue price at higher end of the issue priced. So much for the faithfuls.

The equity shares are proposed to be listed on both BSE and NSE.

CBI files chargesheet against 22 in IPO scam

The Central Board of Investigation has filed a chargesheet against 22 persons/entities involved in the IPO scam. The chargesheet relates to two criminal cases registered on a complaint from the Securities and Exchange Board of India in February 2006.

A statement issued by the CBI said that thousands of applications in the name of fictitious persons were submitted to corner shares received in the retail individual investors (RII) category. Many photographs were downloaded from Web sites and pasted on application forms under different names with a common postal address. The CBI has filed chargesheet against some bank officials, who had deliberately flouted the "know your customer" (KYC) norms to open thousands of fictitious bank accounts and also sanction loans to such fictitious applicants.

Source: Hindu Businessline

Consolidated Construction – Expected to list at Rs. 200 Premium

Consolidated Construction Consortium (CCCL), a provider of integrated turn-key construction services, will list on the bourses with its public issue shares on Monday, October 15, 2007.

The experts are predicating that Consolidated Construction Consortium is likely to list at Rs 600 to 700 per share on Monday against issue price of Rs 510 per share.

Koutons Retail India – Closed at 41% premium

Koutons Retail India opened at Rs 515 and touched a high of Rs 649 in the morning trade on the BSE. It witnessed some profit booking around Rs 600 levels but did not slip below Rs 575. Market was trading in red during the day but that has not much impacted on the stock. This is against issue price of Rs. 415-

The stock rose 40.72% to end at Rs 584, with volumes of 81,49,741 shares. it has hit a high/low of Rs 620 and Rs 502.50. The turnover was Rs 483 crore on the NSE.

On the BSE, it opened at Rs 510.05. The share closed at Rs 590.45, with volumes of 41,67,052 shares.

Supreme Infrastructure India Limited IPO – Allotment Status

Supreme Infrastructure India Limited IPO Allotment status is out.

Check out at http://www.bigshareonline.com/IPO/ipostatus.aspx.

The retail investors who had applied for maximum possible 900 shares are allotted 60 shares. Expected date of credit for refund through ECS is 18 Oct 2007.

UCO Bank IPO/FPO - UCO Bank plans FPO

UCO Bank plans to come up with a follow-on public offering (FPO) of shares during the last quarter of the current fiscal or first quarter of 2008-09.

Koutons Retail India Limited - IPO listing

Koutons Retail India Limited - IPO listing
IPO Listing Date	Friday, October 12, 2007
BSE Script Code	532901
NSE Symbol	KOUTONS
Listing in	B1 Group of Securities
ISIN	INE406I01014
Issue Price	Rs. 415-
Face Value	Rs. 10-

Allotment status is available at http://203.199.177.158/kristel/krilipo.asp

Rathi Bars Limited - IPO

Rathi Bars Limited (RBL) is a steel company involve in manufacturing TOR Steel under the brand name RATHI TOR. These steel bars are commonly used in the construction of multi-storeyed buildings, dams, bridges, flyovers, and power plants as a basic reinforcement material.

RBL is entering the capital markets with an initial public offering, IPO of 71, 42,857 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs. 35/- for equity share of Rs. 10/-. The issue opens on October 18, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Oil India IPO – Now in 1Q 2008

Though in Mar, Oil India (OIL) said that they will come out with an Initial Public Offering (IPO) in Oct however looks like the same is postponed to Jan-Mar next year to raise upto Rs 2,000 crore by off-loading 10 per cent of its stake. The Government has 98.13 per cent stake in the company now.
OIL is engaged in the business of exploration, production and transportation of crude oil and natural gas. It currently produces 25 million barrels of crude oil per annum and 6.6 million cubic metre of gas a day.

Bank of India (BoI) Planning FPO

Bank of India may come up with a public issue to raise fresh equity and dilute 5 per cent of the government equity. The government holds 69.4 per cent in the bank at present.

The country's sixth largest bank in terms of assets is also expecting up to 24 per cent loan growth in the current fiscal.

Rural Electrification Corporation (REC) – IPO by year end

State-owned Rural Electrification Corporation (REC) is planning to come up with an initial public offering (IPO) by December end. The company will dilute 20 per cent of its total equity through the IPO and use the proceeds for funding its various programmes.

Reliance Power files DRHP with SEBI

Anil Ambani is gearing up for mega power play and his big ambitions are being driven by the youngest firm in his group, Reliance Power. Reliance Power is set to raise around Rs 10,000 crore through the largest initial public offering in the Indian markets. As per the Draft Red-Herring Prospectus (DRHP) filed with SEBI Reliance Power will issue 130 crore-equity shares of Rs 2 each.

The issue will be 11.5 per cent of post diluted capital in which promoters will subscribe to 16 crore shares. Net issue, which will comprise 114 crore-equity shares will constitute 10.1 per cent of post issue equity capital. While Reliance Energy will hold 51 per cent in Reliance Power, issue price is likely to be between Rs 70-90 per share. Total issue size may be between Rs 8,000-10,000 crore dwarfing DLF and ICICI offerings, which raised Rs 9,187 crore and Rs 8,898 crore respectively.

Post issue Reliance Power which has bagged the contract for the Sasan Ultra Mega Power Project will rank among the top eleven companies with a market capitalisation of close to Rs 1 lakh crore.

Back of the envelope calculations suggest that if the issue is priced at the lower end of the expected band the company will have a market capitalisation of Rs 79,000 crore. However, if the issue is priced at upper band which most analysts expect it to, Reliance Power's market capitalisation would comfortably Rs 1 lakh crore and surpass India's largest bank SBI. For Reliance Power the plans are grand indeed, Reliance Energy plans to invest about Rs 80,000 crore on power projects in the next 5-7 years and generate 25,000 MW equaling current capacity of arch rival NTPC. Though market seems to be gung ho about the proposed investment plan helping Reliance Energy stock touch its lifetime high of Rs 1,479, however, how well the company executes the plan on ground will hold the key to its success.

(Source: Asian CERC )

Adani Enterprises planning IPO for investing in Power and Realty

As per unconfirmed news, Adani Enterprises is considering IPO for its power and real estate business.

Power Grid Corporation of India Limited – Listing Price

Power Grid listed on NSE at 89.80 and then reached a high of 109.50. Presently it is quoting at 103.80 thus nearly 100% returns to the investors.

The initial public offering of Power Grid was subscribed 65 times, raising Rs 2,985 crore at the issue price of Rs 52.
The company raised funds to part-finance its capital expenditure

IPO Listing Date	Friday, October 5, 2007
BSE Script Code	532898
NSE Symbol	POWERGRID
Listing in	A Group of Securities
ISIN	INE752E01010
Issue Price	Rs 52-
Face Value	Rs 10-

Consolidated Construction Consortium Limited – Allotment Status

Allotment status of Consolidated Construction Consortium Limited is available at http://203.199.177.158/kristel/ccclipo.asp

KOUTONS RETAIL INDIA LIMITED – Allotment Status

KOUTONS RETAIL INDIA LIMITED allotment status is available at http://203.199.177.158/kristel/krilipo.asp

Maytas Infra Limited – Subscription status

Subscription status of Maytas Infra Limited at the close of the issue:

Category	No. of times issue is subscribed
QIBs	99.4094
Non Institutional	35.8444
Retail	15.4177
Total	67.86

Thus that retail investor who applied for 15 lots (270 shares) i.e. maximum possible shares in retail category will get firm allotment of 1 lot i.e. 18 shares. Below that it will be lottery system.

Kaveri Seed Company – Listing price

Kaveri Seed Company, which listed on the bourses Thursday, closed at Rs 226.15, premium of 33 per cent to issue price of Rs 170. The company listed at Rs 204 on NSE and touched a high of Rs 263 intraday.
On BSE, it opened at Rs 201.15 and moved up to Rs 262 before closing at Rs 226.45. The total volume on both the exchanges was around 1.8 crore equity shares.
The company is into research, production, processing and marketing of high-quality hybrid seeds for crops like corn, sunflower, cotton, pearl millet, paddy, grain sorghum and has recently forayed into micro-nutrients and bio-products.
Kaveri Seed raised Rs 68 crore through IPO for acquisition of farmland for research and development near Hyderabad, Alwar and Ahmedabad, setting up marketing offices and godowns in Delhi, Lucknow, Jaipur, Ahmedabad and Aurangabad, and a biotechnology lab near Hyderabad.

IPO Listing Date	Thursday October 4, 2007
BSE Script Code	532899
NSE Symbol	KSCL
Listing in	B1 Group of Securities
ISIN	INE455I01011
Issue Price	Rs 170-
Face Value	Rs 10-
Closing Price on first day	Rs. 230.95

REL files DRHP for Reliance Power's IPO

Reliance Energy has filed DRHP for Reliance Power's IPO with Sebi.

Reliance Energy holds 51% in Reliance Power. The company will offer 130 crore equity shares of Rs. 2 face value via this IPO. It includes 16 crore equity shares to promoters and net issue of 114 crore shares to the public, which constitutes 10.1% of power issue capital of the company. Total issue constitutes 11.5% of post issue capital

The issue is being made through 100% book building process.

Transformers and Rectifiers IPO Files for DRHP with SEBI

Transformers & Rectifiers India has filed papers with Securities and Exchange Board of India for its 29.95-lakh share initial public offering. The company plans to take the 100 per cent book building process.Net issue would constitute 22.01 per cent of the fully diluted post issue paid-up capital. The company manufactures transformers up to 220 kV class, having an installed capacity of 7,200 MVA transformers per annum.

Transformers & Rectifiers plans to raise over Rs. 96 crore via the public offering to set up green-field transformer manufacturing facility at Moraiya, near Ahmedabad and to part-finance incremental working capital requirements

Tata Technolgies – Planning IPO

Tata Technolgies is planning for a IPO next year , Tata Technologies, the engineering design and technology arm of India's leading corporate house, is looking to tap the capital market through an initial public offer by next year.

IPO - Current and Forthcoming

Snapshot

Company		Opens on		Closes on	Price band (Rs.)	Listing
Maytas Infra Limited		27-Sep		04-Oct	320-370	BSE, NSE
Circuit Systems (India) Limited - IPO		27-Sep		05-Oct	35	BSE

For details of each issue, please check below.

Grey Market Premium

Issue	Premium
CCCL	Rs. 150
Circuit Systems	Rs. 4
Dhanus Tech	Rs. 55
Kaveri Seeds	Rs. 23
Koutons Retails	Rs. 70
Maytas infra	Rs. 160
Power Grid Corporation	Rs. 28
Saamya Biotech	Rs. 5
Supreme Infrastructure	Rs. 50

Power Grid Corporation of India Limited IPO - Listing

IPO Listing Date		05 Oct 2007
BSE Script Code		532898
NSE Symbol		POWERGRID
Listing in		A Group of Securities
ISIN		INE752E01010
Issue Price		Rs. 52-
Face Value		Rs. 10-

Kaveri Seeds IPO - Listing

IPO Listing Date	04 Oct 2007
BSE Script Code	Not Available
NSE Symbol	KSCL
ISIN	INE455I01011
Issue Price	Rs. 170-
Face Value	Rs. 10-

 

Allotment status is available at http://www.bigshareonline.com/IPO/ipostatus.aspx

Maytas Infra IPO – Opens 27 Sep

Maytas Infra, a construction and infrastructure development company, is entering the capital market with an initial public offering of 88.5 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book building process. The issue will open for subscription on September 27 and will close on October 4. The company has fixed the price band between Rs 320 and Rs 370 per equity share. Expansion plans The company plans to use the funds to purchase construction equipment, invest in companies, building an elevated road in Bangalore, a coal based electricity generation plant in East Orissa and a coal washery in Chhattisgarh. According to the company, Maytas has undertaken projects in 12 States, including those in irrigation, roads and bridges and other infrastructure sectors. Diversified portfolio The company has diversified its portfolio of construction projects and is also undertaking civil construction projects in power, industrial structures, oil and gas infrastructure and railway sectors. Source: Moneycontrol

Circuit Systems (India) Limited - IPO

Incorporated in 1995, Circuit Systems (India) Limited (CSIL) is in the business of manufacturing Printed Circuit Boards (PCB). CSIL has around 10 years of experience in manufacturing PCB's. CSIL's manufacturing plant is located at Gandhinagar, Gujrat. Open : September 27, 2007 to October 05, 2007 Type : Fixed Price Issue (Initial Public Offer IPO) Size: 42,44,810 Equity Shares of Rs. 10/- each Price: Rs. 35/- Per Equity Share Listing : BSE Lead Manager: Centrum Capital Limited Registrar : CAMEO Corporate Services Limited Email: cameo@cameoindia.com

Rajesh Exports to consider 1:2 stock split

Rajesh Exports, the Rs 7,000 crore Bangalore-based jewellery retailer and exporter, has said that it will consider issue of bonus shares and splitting of each equity share of Rs 2 each into 2 shares of Re 1 each. The decision is expected to be considered at the company's Board meeting on October 22, 2007. The stock is currently trading at Rs 962 on BSE, a 3.5% increase over yesterday's close.

Exit option for Dhanus Tech IPO investors

Dhanus Tech is allowing investors including institutional bidders to withdraw their IPO applications. The last date for this is 06 October.

Reason for the withdrawal is given different at different sources. Some of these are:

Recent developments relating to Dhanus Technologies (Dhanus) — a company which made a recent initial public offering—may affect investor sentiment towards the stock on listing and lower chances of any potential listing gain. A company statement on Thursday, has drawn attention to issues relating to seizure of calling cards from its premises and CBI raids and subsequent recovery of cash and property documents from its Managing Director. Pursuant to this, the company has provided for time until October 6 2007, allowing investors including institutional bidders to withdraw their IPO applications.

Unattractive offer

In any case, the offer appeared unattractive purely from a business point of view. International calling cards, fleet tracking devices and IT/BPO are the key business segments for the company. With heavy competition from established players in its calling cards division, the relatively small market for fleet tracking in India and less than promising prospects for it's IT and BPO divisions, there are uncertainties about the company's ability to deliver sustainable growth. Now, recent developments indicate that there could also be governance issues with respect to the company. In light of this, the exit window provides retail investors an option to exit from this offer.

(Source: Hindu Business Line)

Company said in the statement, "The company denies having obtained any personal loans in the name of its employees without their knowledge and/or by forging their signatures. We wish to clarify that neither our company nor any of our promoters/directors/employees are in any way involved in any of the alleged frauds or forgery mentioned in said article. Individual intimation letters regarding this public notice have been dispatched to all the applicants and the dispatch as been completed on September 26, 2007".

Earlier, a few newspapers had reported about alleged fraud by the management and applications for personal loans, done by the management, on behalf of the employees without their knowledge.

Sebi has guided the company to come out with an option of giving a window to the investors to move out if they want to. They feel that the information given is not enough to alert the investors. So, it is a statutory provision, which has been asked by Sebi, and they are following it.

(Source Moneycontrol)

Saamya Biotech IPO – Mixed Opinion

There is a mixed opinion about this IPO. Some analyst suggested to apply for the IPO considering that Saamya Biotech has been issued at a reasonable price and the profile of the company is clean considering its directors and have said that people should subscribe with long term view in this IPO.

Finchimica, Spa Italy has 100% buying agreement with Saamya Biotech for anti-cancer drug which would be a fetching point for this company on the long term.

Others says it is not wise to invest in this IPO as the financial performance of this company is not great and in the post paid capital of the company the promoters stake would be only 7%.

Based on the above opinions you can give a miss to this IPO. If you are want to reap the benefit of extra ordinary gains which all IPO listing are giving and are willing to take risk then you may want to apply.

SUPREME INFRASTRUCTURE INDIA LIMITED -Subscription Status

Subscription status of SUPREME INFRASTRUCTURE INDIA LIMITED at the close of the issue:

Category		No. of times issue is subscribed
QIBs		52.1080
Non Institutional		65.4279
Retail		48.2283
Employee		NA
Total		52.75

Thus for retail investors there is no firm allotment. Even if you have applied for maximum shares i.e. 900 in retail category, you will have to await for lottery since lot size is 60 share (thus max of 15 lots) and retail segment got subscribed 48 times.

Power Grid Corporation of India Limited IPO Allotment Status

Power Grid Corporation of India Ltd. IPO Allotment status is available. Check your application status at:

http://karisma.karvy.com/jsp/Ipo_Status.jsp

You have to be patient as site is dying in between because of load.

This is another link where it is fast but I am not sure about which site is this. So plz use with caution - http://203.199.177.158/kristel/pgcresult.asp

Supreme Infrastructure India Limited – Subscription status

Subscription status of Supreme Infrastructure India Limited at the close of today (25 Sep) i.e. one day before closure of the issue is:

Category		No. of times issue is subscribed
QIBs		5.3125
Non Institutional		3.9770
Retail	2.3532
Total	4.08

Thus apply for listing gains.

Koutons Retail India – Allotment Price

Koutons Retail India has fixed its initial public offer price at Rs 415 a share, the upper end of the offered price band.

The 3.5 million-share offer, which comprised a fresh issue of 2.6 million shares and 916,542 shares sold by the founders, was subscribed 45.52 times. The shares were offered in a price band of Rs 370-415 per share.

Koutons raised Rs 1.46 billion through the offer and plans to use the money to build a new manufacturing unit and set up retail outlets.

Saamya Biotech – IPO Open

Saamya Biotech is open for subscription with an initial public offering (IPO) of 15 lakh shares of Rs 10 each issued at par to raise around Rs 15 crore. The issue will close for subscription on September 28, 2007.

The company has set up in August 2002 as 100% EOU and deals in various chemicals and pharmaceuticals and also deals in various drugs and intermediaries.

Money raised from the issue intends to use for setting up manufacturing facilities including R&D, pilot facility and to meet margin money for working capital.

UTI Securities is the book running lead manager and Aarthi Consultants Pvt Ltd is the registrar to the issue.

IPO - Current and Forthcoming

Snapshot

Company		Opens on		Closes on	Price band (Rs.)	Listing
Supreme Infrastructure India Ltd		21-Sep		26-Sep	95-108	BSE, NSE
Saamya Biotech (India) Ltd		21-Sep		26-Sep	10	BSE
Circuit Systems (India) Limited - IPO	25-Sep	05-Oct	35	BSE

For details of each issue, please check below.

Grey Market Premium

IPO	Premium
Kaveri Seed		8-10
Power Grid		Around Rs 18-20
Koutons Retail		70-80
Dhanus Tech		90-100
Supreme Infrastructure		65-70
Power Grid		20-21
Saamya Biotech		4-5
Consolidated Construction		180-190
Circuit Systems		3-4

   
 

This is based on totally hearsay so please do not base your decision on this.