J. Kumar Infraprojects Limited - IPO
| J. Kumar Infraprojects Limited IPO (JKIL) | |
| Period | 18 to 23 Jan 2008 |
| Size (Equity Shares) | 6,500,000 |
| Type | 100% Book Building |
| Face Value | Rs. 10- |
| Price Range | Rs 110 to Rs 120 |
| Market Lot | |
| Max shares Retails investor can apply at cut off | |
| Registrar | Karvy Computershare Private Limited |
| Registrar’s email | jkumar.ipo@karvy.com |
| Lead Manager | Anand Rathi Securities Limited |
| Listing | BSE and NSE |
| Grading | ICRA has assigned an IPO Grade 2, indicating below average fundamentals, |
| J. Kumar Infraprojects Limited (incorporated in 1999) is a leading civil engineering and infrastructure development company with a primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways. JKIL also undertake the piling of foundation work using hydraulic piling rigs for major projects which are awarded to other contractors. JKIL is most active in Mumbai, Pune, Aurangabad and Vidharbha region of Maharashtra. | |
| The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital; Purchase of Capital Equipments; Funding Working Capital Requirement; General Corporate Purposes and to meet the expenses of the public issue. | |
Reliance Power Limited IPO
January 13, 2008 · Filed Under IPO · 4 Comments
| Reliance Power Limited IPO (RELPOWER) | |
| Period | 15 to 18 Jan 2008 |
| Size (Equity Shares) | 228,000,000 |
| Type | 100% Book Building |
| Face Value | Rs. 10- |
| Price Range | Rs 405 to Rs 450 (Rs 20 discount to Retail investors) |
| Market Lot | 15 Shares |
| Max shares Retails investor can apply at cut off | 225 (Considering Rs 20 discount to retail investors – Prospectus clearly say that max bid can be for 225 shares for retail investors) |
| Registrar | Karvy Computershare Private Limited |
| Registrar’s email | reliancepower.ipo@karvy.com |
| Lead Manager | Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J P Morgan India Private Limited |
| Listing | BSE and NSE |
| Grading | CRISIL Limited - GRADE 4/5, indicating that the fundamentals of the issue are above average and ICRA Limited - Grade 4, indicating above average fundamentals. |
| RELPOWER are a company that is part of the Reliance ADA group and were established to develop, construct and operate power projects domestically and internationally. To capitalize on this opportunity, RELPOWER are currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India. The Reliance ADA group intends Reliance Power to be its primary vehicle for investments in the power generation sector in the future. RELPOWER’s 13 power projects are planned to be diverse in geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load center. The identified project sites are located in western India (12,220 MW), northern India (9,080 MW), northeastern India (2,900 MW) and southern India (4,000 MW). They include seven coal-fired projects (14,620 MW) to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects (10,280 MW) to be fueled primarily by reserves from the Krishna Godavari Basin (the “KG Basin”) off the east coast of India, and four hydroelectric projects (3,300 MW), three of them in Arunachal Pradesh and one in Uttarakhand. RELPOWER intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers. | |
| The objects of the Issue are to Funding Subsidiaries to part-finance the construction and development costs of certain of our projects; General corporate purpose and Achieve benefits from listing of the Equity Shares |
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Payment Method
| Amt payable per equity share | Payment Method – 1 | Payment Method -2 |
| Retail and Non-Institutional | Any Category | |
| On Application | 115 (Share is partly paid with FV 2.5 | Full amt |
| On Allotment | Remaining Amt | NA |
| Non-Residents require the approval of RBI for subscribing to partly paid up Equity Shares and copy of such approval should be submitted along with the Bid-cum-Application Form. | ||
It is needless to say that everyone needs to apply aggressively in this issue.