Grey Market Premium
| Company | Issue Price | Premium |
| Burnpur Cement | 12 | 5+ |
| Edelweiss Capital Limited | 825 | 725+ |
| Kaushalya Infrastructure Development Corpn.Ltd. | 60 | 13+ |
Kolte-Patil Developers Ltd IPO – Allotment Status
Kolte-Patil Developers Ltd IPO allotment details are available at http://web.bigshareonline.com/ipostatus.php. 44 shares are allotted to the retail investors who have applied for maximum 680 shares.
Renaissance Jewellery Ltd IPO – Allotment Status
Renaissance Jewellery IPO Allotment Status is available at http://www.intimespectrum.com/site/ipo.asp
SVPCL Ltd IPO - Option to withdraw application
Due to legal issues, SVPCL Ltd has given an option to its investors to withdraw the application with in 10 days from the date of the notice i.e. on or before 5:30 PM on December 13, 2007. The reason given by the company is unintentional and inadvertent discloser in the document submitted.
To withdraw application, you need to submit a duly signed request with details like Name of applicants; Address; Application number; Number of shares bid for; Amount paid; Cheque number; Bank and branch detail and to be sent to
Kind Attn: Mr. G. Bhaskar
Aarthi Consultants Private Limited
1-2-285, Domalguda, Hyderabad - 500029
Phones: 040-27638111/27634445/27642217/55611921
Email: svpcl@aarthiconsultants.com
Company will pay interest to all applicants @ 15% p.a. for delay in allotment/refund beyond 10/11/2007.
Kaushalya Infrastructure Development Corporation Limited IPO – Allotment Status
Retail investors have got good allotment. Listing will be around mid next week. Good luck to all who have got allotment for good listing.
Aries Agro Limited - IPO
| Aries Agro Limited | |
| Period | 14 to 19 Dec 2007 |
| Size (Equity shares) | 45,00,000 |
| Reserved for Retail | 15,75,000 (35%) |
| Type | 100% Book Building |
| Face Value | Rs. 10- |
| Price Range | Rs 120 to 130 |
| Market Lot | 50 Shares |
| Max shares Retails investor can apply at cut off | 750 shares (Rs. 97500) |
| Registrar | AARTHI CONSULTANTS PRIVATE LIMITED |
| Registrar’s email | aries@aarthiconsultants.com |
| Lead Manager | SREI CAPITAL MARKETS LTD. |
| Listing | BSE, NSE |
| Grading | Not opted for the grading of the Issue. |
| Incorporated as “Aries Agro-Vet Industries Private Limited” in 1969, then changed to “Aries Agro-Vet Industries Limited” then to “Aries Agro Limited” in 2006. Agromin (Chelated Micronutrients) and Chelamin (Chelated Zinc) are the company’s flagship brands. In 1969, the Company started off with a small range of mineral feed additives for animals & birds. In 1975, Aries diversified into nutrients feeds for plant, considering the fact that in India, the animal and agricultural farmer are one and the same individual. Aries expanded thier product line to include secondary nutrients – sulphur, magnesium and calcium. In 2002, Aries continued expanding its plant nutrition product line to include value-added, water soluble complexes of nitrogen (N), phosphorous (P) and potassium (K). |
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| Setting up of new manufacturing units at Ahmedabad, Lucknow, Medak (AP) and an additional unit in Maharashtra; To purchase Plant & Machinery for its existing Factory in Mumbai; For Capital expenditure on Mobile Marketing; Renovation of existing Office Building & addition to existing Office Building at Deonar, Mumbai; Investment in Golden Harvest Middle East (FZC), UAE; To meet the working capital requirements of our Company; To meet General Corporate Expenses and To meet the issue expenses. | |
Our gut feeling says that we should skip this issue. On reading RHP, we find that apart from not opting for grading of issue, there are many things like not paying pr provisioning for even gratuity premium due to LIC and taxes. Therefore, please read prospectus before applying.
BRIGADE ENTERPRISES LIMITED BEL)-IPO
| BRIGADE ENTERPRISES LIMITED (BEL) | |
| Period | 10 to 13 Dec 2007 |
| Size | 16624720 Equity Shares (Greenshoe option 2493708 Equity Shares) |
| Reserved for Retail | 4,957,416 (30%) |
| Type | 100% Book Building |
| Face Value | Rs. 10- |
| Price Range | Rs 351 to 390 |
| Market Lot | 16 Shares |
| Maximum shares Retails investor can apply at cut off | 256 shares (Rs. 99840) |
| Registrar | Karvy Computershare Private Limited |
| Registrar’s email | brigadeipo@karvy.com |
| Lead Manager | ICICI Securities Limited |
| Listing | BSE, NSE |
| Grading | IPO Grade 3 by ICRA Limited indicating average fundamentals |
| BEL is a real estate development company based in Bangalore, primarily focused on the development of residential, commercial and hospitality properties in South India. Their residential properties include integrated lifestyle enclaves and apartment buildings targeted towards middle income and high income customers. Their integrated lifestyle enclaves are conceptualised as self-contained, gated communities, which generally include a combination of apartment complexes, commercial and retail space, recreational clubs, parks, schools, convention centres and car parking and which historically have ranged from 1.62 million sq. ft to 7.23 million sq. ft. of Developable Area. Their commercial properties include commercial office space, software and IT parks, schools, hospitals and retail malls with entertainment facilities, such as multiplexes. Their properties in the hospitality sector include serviced residences, hotels, resorts, spas, recreational clubs and convention centres in Bangalore and other parts of South India. | |
| (a) acquisition of land; (b) construction and development costs in relation to our Ongoing Projects and Forthcoming Projects; (c) general corporate purposes; and to achieve the benefits of listing. | |
Transformers and Rectifiers (India) Limited (TRIL) - IPO
|
Transformers and Rectifiers (India) Limited (TRIL) |
|
|
Period |
07 to 12 Dec 2007 |
|
Size |
2995000 Equity Shares |
|
Reserved for Retail |
853500 (28%) |
|
Type |
100% Book Building |
|
Face Value |
Rs. 10- |
|
Price Range |
Rs 425 to 465 |
|
Market Lot |
15 Shares |
|
Maximum shares Retails investor can apply at cut off |
210 shares (Rs. 97650) |
|
Registrar |
Intime Spectrum Registry Limited |
|
Registrar’s email |
|
|
Lead Manager |
Enam Securities Pvt Ltd |
|
Listing |
BSE, NSE |
|
Grading |
CARE IPO Grade 4″ indicating above average fundamentals |
|
About the company |
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Initially incorporated in July, 1994 as Triveni Electric Company Ltd., TRIL subsequently changed its name to its present form in March, 1995. TRIL is into manufacturing of electrical transformers for power sector and industrial applications. The company has manufacturing facilities located at Changodar and Odhav in Ahmedabad; Gujarat, for producing 7,200 mva of transformers per annum. The company manufactures distribution and industrial transformers upto 33 kv class at its Odhav facility and power transformers from 66 kv up to 220 kv at its Changoder facility. TRIL has two subsidiaries, viz. Transweld Mechanical Engineering Works Ltd. and Transpares Ltd., which produce transformer tanks and radiators respectively. TRIL is primarily into manufacturing of electrical transformers for various applications in the power and industrial sectors. TRIL has a healthy order book position of Rs.319 crore as on September 1, 2007 with most of the contracts having an embedded price variation clause, shielding the company from adverse movement in prices of key raw materials like copper and steel. TRIL has strong in- house design capabilities which is a key success factor for this industry as transformers are custom built as per the requirements of the customer. |
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Objects of the Issue |
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1. Setting up of greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat for manufacturing transformers; 2. To part-finance incremental working capital requirements; 3. To meet the expenses of the Issue |
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Grey Market Premium
|
Company |
Issue Price |
Premium |
|
BGR Energy Systems Ltd. |
425-480 |
370+ |
|
Burnpur |
12 |
2+ |
|
eClerx |
270-315 |
80+ |
|
Edelweiss Capital Limited |
825 |
750+ |
|
Jyothi Laboratories Limited |
690 |
200+ |
|
Kaushalya Infrastructure Development Corpn.Ltd. |
60 |
12+ |
|
Kolte-Patil Developers Ltd. |
145 |
65+ |
|
Renaissance Jewellery Ltd. |
150 |
20+ |
|
Transformers & Rectifiers India Ltd |
425-465 |
175+ |
|
Brigade Enterprises Limited |
351-390 |
100+ |
Edelweiss Capital Limited – Allotment Status
Edelweiss Capital Limited allotment status is out and is available at http://www.intimespectrum.com/site/display_application.asp
Looks like retail investors who had applied for maximum possible 120 shares have got allotted one lot of 8 shares. DMAT account does not seem to be credited yet.
Refund is sent through ECS and is expected 07 Dec in Mumbai and 11 Dec in other cities. Though I am already seeing refund credit to my account today.
Since grey market premium is hovering nearly Rs 800, therefore good luck to all who has been allotted the shares.