Investor Souk: Our Research for your USE

Vishal Information Technologies Ltd
Listing Date	11-Aug-2008
BSE Scrip Code	533011
NSE Symbol	VITLINFO
Listing in	'B' Group of Securities
ISIN	INE108J01014
Issue price	150
Face Value	10

Mother of all IPOs coming

The proposed mega public listing of Bharat Sanchar Nigam Ltd (BSNL) moved a step ahead with the government indicating a valuation of about Rs 2,00,000 crore for the state-owned telecom behemoth.

August 7, 2008

'ASBA' payment method – new rabbit from SEBI’s hat

Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.

This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB's). Banks would be required to register themselves in the SCSB list, which would be available on SEBI's website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.

Vishal Information Technologies Ltd IPO allotment status

Vishal Information Technologies Ltd IPO allotment status is out and available at http://www.intimespectrum.com/site/ipo.asp

Vishal Information Technologies Ltd IPO was open on July 21, 2008 and closed on July 24, 2008. IPO

Nu Tek India Limited IPO Final subscription status

Nu Tek India Limited IPO Final subscription status:

Overall subscription: 1.63 times

Retail Individual Investors (RIIs) category: 1.01 times

Qualified Institutional Buyers (QIBs): 2.06 times

Non Institutional Investors: 1.78 times

That means retail investors will get fill allotment except for those whose applications are not correct.

Resurgere Mines & Minerals India Limited - IPO

Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.)
Period	11-Aug to 13-Aug 2008
Size (Equity Shares)	5000000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 263 to Rs 272
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Intime Spectrum Registry Ltd
Registrar's email	rmmil.ipo@intimespectrum.com)
Lead Manager	Motilal Oswal Investments Advisors Pvt Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1987 Business: Extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China. Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content. They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra. Company have also applied for two prospecting leases of iron ore in Banda region to the Collector of Sindhudurg district. They are also engaged in merchant export of iron ore fines to China. Resurgere Mines also propose to venture in bauxite mining and processing business in the near future and hold a mining lease over bauxite mines situated in Yelwan Jugai, Maharashtra through wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL). WMPL is a partner with 60% share in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the said 30 year mining lease. The mining assets of Company, except Banda mine, have cumulative estimated reserve of 74.82 million tonnes of iron ore and 4.92 milllion tonnes of bauxite as certified by Central Mining Research Institute.
Objects of the Issue
# Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines; # Purchase of railway rakes to set up our own logistics infrastructure facilities; # Margin money for working capital; # General Corporate Purposes.

Austral Coke & Projects Limited - IPO

Austral Coke & Projects Limited
Period	07-Aug to 13-Aug 2008
Size (Equity Shares)	7260000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 164 to Rs 196
Market Lot	34
Max shares Retails investor can apply at cut off	510
Registrar	Intime Spectrum Registry Ltd
Registrar's email	austral.ipo@intimespectrum.com)
Lead Manager	Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1994 Business:Manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries. Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects. Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY'09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.
Objects of the Issue
# Setting up of 1,50,000 MTPA of LAM Coke plant; # Captive Power plant of 8 MW; # Acquire prospecting Mining Licenses in India / internationally; # Prepayment of High cost debt; # General Corporate Purposes; # Expenses related to Fresh Issue.