Tulsi Extrusions Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

Tulsi Extrusions Limited IPO

Period 

01-Feb to 05-Feb 2008

Size (Equity Shares)

5,700,000

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 80 to Rs 85

Market Lot 

Shares

Max shares Retails investor can apply at cut off

shares (Rs.)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

tulsiipo@intimespectrum.com

Lead Manager 

Almondz Global Securities Limited

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 1994. Business: Manufacturer of various types of PVC pipes and fabricated fittings. Manufacture electrometric sealing pipes. Brand name “Tulsi”. ISO 9001:2000 certificate in respect of quality management systems since 2002. Marketing presence in the states of Maharashtra, Madhya Pradesh, Chattisgarh, West Bengal and Rajasthan.

The PVC pipe products used in in agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, bore well for underground water suction, etc., ranging from 20 mm diameter to 315 mm diameters in all pressure ratings.

Locations: MIDC, Jalgaon, Maharashtra. The total installed capacity as on March 31, 2007 is 10,483 metric tonnes for PVC pipes & fabricated fittings.

Objects of the Issue

Expansion of manufacturing facilities at Jalgaon, Maharashtra;

Meeting long term working capital requirements;

Purchase of branch offices;

Provision for Contingencies;

To meet the expenses of the Issue;

For General Corporate Purpose;

Manjushree Extrusions Ltd (MEL) FPO

January 26, 2008 · Filed Under IPO · Comment 

Manjushree Extrusions Ltd (MEL) FPO

Period 

31-Jan to 06-Feb 2008

Size (Equity Shares)

5,126,100

Type 

Fixed Price Issue (FPO)

 

Face Value 

Rs. 10- 

Price Range 

Rs 45 to Rs 45

Market Lot 

Shares

Max shares Retails investor can apply at cut off

shares (Rs.)

Registrar 

Alpha Systems Private Limited

Registrar’s email 

mel@123alpha.com

Lead Manager 

Centrum Capital Limited

Listing 

BSE

Grading 

 

About the company 

Established: 1987. Business: Manufacturing specialty plastic packaging products mainly containers and Jars for Multinational Companies in FMCG, Pharma, Food Processing and Agrochemical sectors.

MEL market its product under the brand names ‘POLYPET’, ‘DURAFLEX’ and ‘THERMOPET’. The major clients of the Company include Hindustan Lever, Nestle, Cadbury, Britannia, Glaxo Smith Kline, P&G, Coca Cola, Tata Tea, Goodricke Group, McLeod, Godrej, Nutrine, Wrigley’s, Parry’s, Heinz, P&G, Reckitt etc.

Objects of the Issue

To expand and diversify its operations by setting up facilities for manufacture of Speciality Plastic Containers and PET Preforms;

To meet the Working Capital Margin requirement for the proposed project.

Wockhardt Hospitals Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

Wockhardt Hospitals Limited IPO

Period 

31-Jan to 05-Feb 2008

Size (Equity Shares)

25,087,097

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 280 to Rs 310

Market Lot 

Shares

Max shares Retails investor can apply at cut off

shares (Rs.)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

whl.ipo@intimespectrum.com

Lead Manager 

Citigroup Global Markets India Private Limited & Kotak Mahindra Capital Company Limited

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 1991. Business: One of the largest private healthcare services companies in India based on the number of hospital beds; Super specialty focus on core areas such as cardiology and cardiac surgery, orthopaedics, neurology and neurosurgery, urology and nephrology and critical care, and specialize in minimally invasive surgery; Group associate of Harvard Medical International (”HMI”), a self-supporting not-for-profit subsidiary of Harvard Medical School.

Objects of the Issue

Meet the cost of development and construction of Greenfield and Brownfield hospitals of the Company;

Prepay some of the short term loans of the Company;

Meet general corporate purposes including strategic initiatives;

Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges

 

IRB Infrastructure Developers Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

IRB Infrastructure Developers Limited IPO

Period 

31-Jan to 05-Feb 2008

Size (Equity Shares)

51,057,666

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 185 to Rs 220

Market Lot 

Shares

Max shares Retails investor can apply at cut off

shares (Rs.)

Registrar 

Karvy Computershare Private Limited

Registrar’s email 

irbipo@karvy.com

Lead Manager 

Deutsche Equities India Private Ltd and Kotak Mahindra Capital Company Limited.

 

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 1998; Business: Infrastructure development business which involves construction, development and operation of infrastructure development projects.

IRB Infrastructure Developer is an established infrastructure company in the roads sector in India and have a large portfolio of completed and operational BOT projects in the Indian road infrastructure sector. IRB’s construction business complements infrastructure development business and involves engineering, procurement and construction work for construction projects on a contractual basis, including in the roads sector.

IRB is one of the leading Private Developers in the Western India & having large number of operating toll road projects. IRB has executed Road Construction works on BOT and funded basis for the Clients like MORST&H, NHAI, MSRDC, PWD, World Bank, Asian Development Bank, of around 1200 kms length, so far. IRB executed one of the early BOT Project viz. ‘Thane Bhiwandi By-Pass Road’ & the prestigious ‘Mumbai - Pune Expressway & NH 4 BOT Project’.

Objects of the Issue

Investment in a Subsidiary;

Prepayment and repayment of existing loans of the Company and the Subsidiaries;

To meet the expenses of the Issue;

For General Corporate Purpose;

To meet the long term working capital requirements of the Company.

Shriram EPC Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

Shriram EPC Limited IPO

Period 

29-Jan to 01-Feb 2008

Size (Equity Shares)

5,000,000

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 290 to Rs 330

Market Lot 

20 Shares

Max shares Retails investor can apply at cut off

300 shares (Rs.300)

Registrar 

Cameo Corporate Services Ltd

Registrar’s email 

shriramepc@cameoindia.com

Lead Manager 

ICICI Securities Limited, Motilal Oswal & Kotak Mahindra

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 2000; Business: Service provider of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal services sector projects and one of India’s leading 250KW wind turbine generator (’WTG’) manufacturers.

Company’s engineering, procurement and construction business is focused on providing integrated turnkey solutions for biomass-based power plants, bio-ethanol production plants, process and metallurgy plants (including thermal power plants), water and wastewater treatment plants, water and sewer infrastructure and pipe rehabilitation. Their WTG business has been focused on developing, manufacturing, erecting and commissioning 250KW WTG, and is currently developing megawatt-class WTGs.

Shriram businesses are categorized into two segments:

Engineering, procurement and construction (”EPC”) projects and development, sale and maintenance of WTGs.

EPC business which focuses on renewable energy, process and metallurgy and municipal services projects.

They have completed wind energy projects for WTG business throughout India, particularly south India, and internationally in Zambia and France & EPC project across 16 states in India.

Objects of the Issue

Investment in subsidiary and Associate Companies;

Meet general corporate purposes;

Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Bang Overseas Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

Bang Overseas Limited IPO

Period 

28-Jan to 31-Jan 2008

Size (Equity Shares)

3,500,000

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 200 to Rs 207

Market Lot 

30 Shares

Max shares Retails investor can apply at cut off

480 shares (Rs.480)

Registrar 

Karvy Computershare Private Limited

Registrar’s email 

bang.ipo@karvy.com

Lead Manager 

Almondz Global Securities Ltd

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 1992; Business: Providing fashion fabrics and meeting ready to wear requirements of our customers in apparel, textile and retail segment.

They are conceptualising and designing fashion fabrics and outsourcing the manufacturing process of the same from countries like Turkey, Portugal, Mauritius and other European Countries. They have centralised warehousing and logistic centre at Kalher Village near Bhiwandi to facilitate their supply chain management.

Bang Overseas Ltd have ten retail outlets located at Mumbai, Rajkot, Surat, Gurgaon, Pune, Bangalore (3 stores), Kolkata, and Ahmedabad which are established under the brand name “Thomas Scott” retail outlet. Their products are presently retailed through 155 point of sales comprises of their own retail outlets, Large format stores (LFS) like Shoppers’ Stop, Pyramid, Globus, SAGA and Multi Brand Outlets (MBO) spread all over India.

Objects of the Issue

Setting up retail outlets across India and brand building;

Setting up a new apparel manufacturing unit;

Warehousing and Logistic facilities;

General Corporate Purposes;

KNR Constructions Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

KNR Constructions Limited IPO

Period 

24-Jan to 29-Jan 2008

Size (Equity Shares)

7,874,570

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 170 to Rs 180

Market Lot 

35 Shares

Max shares Retails investor can apply at cut off

525 shares (Rs.525)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

knr.ipo@intimespectrum.com

Lead Manager 

Axis Bank Limited

Listing 

BSE, NSE

Grading 

CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average

About the company 

Established: 1995

Business: Infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.

KNR’s project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR’s clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh. Some of the major projects completed by KNR:

Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.

Rehabilitation and upgrading of Surat (Gujarat).

Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.

Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.

Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.

Objects of the Issue

Further Equity investment in BOT projects;

Purchase of capital equipment;

For meeting working capital requirement;

For General Corporate Purpose

OnMobile Global Limited IPO (OGL)

January 26, 2008 · Filed Under IPO · Comment 

OnMobile Global Limited IPO (OGL)

Period 

24-Jan to 29-Jan 2008

Size (Equity Shares)

10,900,545

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 425 to Rs 450

Market Lot 

15 Shares

Max shares Retails investor can apply at cut off

210 shares (Rs.210)

Registrar 

Karvy Computershare Private Limited

Registrar’s email 

einward.ris@karvy.com

Lead Manager 

ICICI Securities Limited & Deutsche Equities Private India Limited

 

Listing 

BSE, NSE

Grading 

CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average relative to other listed equity securities in India.

 

About the company 

Business: Leading provider of telecommunications value added software products and services in India.

Products: Targeted at end-user telecommunications with an increasing focus on capitalising on the convergence between wireless and wired line telecommunications services, media content distribution, internet, mobile marketing and mobile commerce. They have broad range of applications for their end-user subscribers. Products include ring back tones, voice portals, ring tones downloads, contests, music messaging, mobile radio, dynamic voicemail and missed call alerts.

Client: Bharti, BSNL, Tata Teleservices Limited, Vodafone Essar Limited and more than 10 international telecommunications operators in eight countries. In addition to telecommunications carriers, OnMobile market its services to media companies such as AOL, Disney, ESPN, India Today Group digital, a division of Living Media India Ltd., Star, handset manufacturers such as Nokia and other large corporations.

Objects of the Issue

-Purchase equipment for company’s office at Bangalore, Mumbai, Delhi and various customer sites;

-Achieve the benefits of listing.;

-To meet the expenses of the Issue;

-To meet the long term working capital requirements of the Company.

-General corporate purposes.

Cords Cable Industries Limited IPO

January 26, 2008 · Filed Under IPO · Comment 

Cords Cable Industries Limited IPO

Period 

21-Jan to 24-Jan 2008

Size (Equity Shares)

3,085,000

Type 

100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 125 to Rs 135

Market Lot 

50 Shares

Max shares Retails investor can apply at cut off

700 shares (Rs.700)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

swapann@intimespectrum.com

Lead Manager 

Collins Stewart Inga Private Limited

 

Listing 

BSE, NSE

Grading 

 

About the company 

Established: 1991

Business: Providing cost-effective and quality solutions for various electrical connectivity requirements; developing a wide range of specialised cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability and cables for house-hold users.

Products: Cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings

Clients: Wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others; clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others.

Objects of the Issue

- Setting up of the production facilities;

- To meet the expenses of the Issue;

- For General Corporate Purpose;

- To meet the long term working capital requirements of the Company.

Sorry for no post all these days

January 24, 2008 · Filed Under Uncategorized · Comment 
Sorry for not posting for all these days. Actually we were having problem with our hosting site and therefore site was down.

We regret the inconvenience caused. Will update all during this weekend.

Thanx for your patience.

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