Grey Market Premiums

June 22, 2008 · Filed Under Grey Market Premium · Comment 

IPO

Face Value

Lower rate

Higher Rate

Grey Market Premium

Avon Weighing Systems Ltd.

10

10

10

9

Sejal Architectural Glass Ltd.

10

105

115

22

First Winner Industries Ltd

10

120

130

3

Lotus Eye Care Hospital Ltd.

10

38

42

2

Archidply Industries Ltd

10

70

80

6

Bafna Pharmaceuticals

10

40

40

7

Somi Conveyor Beltings Limited

10

35

35

5

(All amount in Rs.)

KSK Energy Ventures Limited

June 22, 2008 · Filed Under IPO · Comment 

KSK Energy Ventures Limited

Period 

23-Jun to 25-Jun 2008

Size (Equity Shares)

97,03,580

Type 

100% Book Built Issue (Initial Public Offer IPO)

Face Value 

Rs. 10- 

Price Range 

Rs 240 to Rs 255

Market Lot 

25

Max shares Retails investor can apply at cut off

375

Registrar 

Karvy Computershare Pvt Ltd

Registrar’s email 

mrvs@karvy.com

Lead Manager 

Kotak Mahindra, IDFC-SSKI, Morgan Stanley, Lehman Brothers & Edelweiss Capital Ltd

Listing 

BSE, NSE

Grading 

 

About the company 

Incorporated: 2001 Business:Power project development company, supply power to a combination of industrial and state-owned consumers in India.

Capacity: Operational power plants capable of generating 144 MW of power and are currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power, which they sell or intend to sell under a combination of long-term, medium-term and short-term power purchase agreements (PPAs) to industrial and state-owned consumers.

KSK energy power projects are as follows

Three power plants (aggregating 144 MW) that are fully operational:

1. Arasmeta, a 43 MW coal based power plant in Chhattisgarh;

2. Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu;

3. Sitapuram, a 43 MW coal based power plant in Andhra Pradesh.

Two power projects (aggregating 675 MW) that are under construction:

1. VS Lignite, a 135 MW lignite based power project in Rajasthan;

2. Wardha, a 540 MW coal based power project in Maharashtra.

Three power projects (aggregating 1,973 MW) under development for which they have either Secured Debt Financing or Entered into Term Sheets and are Negotiating Debt Financing Agreements:

1. Arasmeta Expansion, a 43 MW expansion of the existing Arasmeta power plant;

2. Wardha Chhattisgarh, a 1,800 MW coal based power project in Chhattisgarh;

3. KSK Dibbin, a 130 MW, a run-of-the-river hydro-electric power project in Arunachal Pradesh.

Five power projects (aggregating 6,345 MW) that are planned:

1. KSK Narmada, a 1,800 MW coal based power project in Chhattisgarh;

2. JR Power, a 1,800 MW coal based power project in Orissa;

3. Wardha Naini, a 1,800 MW coal based power project in Orissa;

4. Kameng Dam, a 600 MW run-of-the-river hydro-electric power project in Arunachal Pradesh;

5. Kameng Basin projects, a group of seven run-of-the-river hydro-electric power stations aggregating 345 MW in Arunachal Pradesh.

Objects of the Issue

# Investment in Wardha Power Company Private Limited, a Subsidiary, to finance the equity component of the 1,800 MW coal-based thermal power plant at Wardha Chhattisgarh (the “Wardha Chhattisgarh”);

# Investment in KSK Dibbin Hydro Power Private Limited, a Subsidiary, to finance the equity component of the 130 MW run-of-the-river hydro power plant at Dibbin, Arunachal Pradesh (the “Dibbin Project”);

# Repayment of corporate loans;

# General Corporate Purposes;

# Meeting the Public Issue Expenses.

Archidply Industries Limited IPO Final subscription status

June 22, 2008 · Filed Under Subscription Status · Comment 

Archidply Industries Limited IPO Final subscription status:

Overall subscription: 1.52 times

Retail Individual Investors (RIIs) category: 3.04 times

Qualified Institutional Buyers (QIBs): 0.20 times

Non Institutional Investors: 2.36 times

Somi Conveyor Beltings Limited IPO

June 22, 2008 · Filed Under IPO · Comment 

Somi Conveyor Beltings Limited

Period 

24-Jun to 27-Jun 2008

Size (Equity Shares)

97,03,580

Type 

Fixed Price

Face Value 

Rs. 10- 

Price Range 

Rs 35 to Rs 35

Market Lot 

 

Max shares Retails investor can apply at cut off

 

Registrar 

Mondkar Computers Pvt Ltd

Registrar’s email 

somi_ipo@mondkarcomputers.com

Lead Manager 

Ashika Capital Ltd

Listing 

BSE

Grading 

 

About the company 

Incorporated: 2000 Business: Manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling.

The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.

The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.

Sister concerns are: Earth Mover Enterprises and Oliver Micon Inc.

Objects of the Issue

# Setting up of new manufacturing unit;

# Purchase of Land and Building for the office premises;

# Meeting margin money required for the enhanced working capital;

# To meet the working capital requirement;

# To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;

# General corporate purposes.

Niraj Cement Structurals Ltd IPO Final subscription status

June 22, 2008 · Filed Under Subscription Status · Comment 

Niraj Cement Structurals Ltd IPO Final subscription status:

Overall subscription: 1.74 times

Retail Individual Investors (RIIs) category: 3.81 times

Qualified Institutional Buyers (QIBs): 0.00 times

Non Institutional Investors: 4.01 times

Sejal Architectural Glass Ltd. IPO Final subscription status

June 22, 2008 · Filed Under Subscription Status · Comment 

Sejal Architectural Glass Ltd. IPO Final subscription status:

Overall subscription: 9.90 times

Retail Individual Investors (RIIs) category: 7.98 times

Qualified Institutional Buyers (QIBs): 4.26 times

Non Institutional Investors: 33.17 times

First Winner Industries Ltd IPO Final subscription status

June 22, 2008 · Filed Under Subscription Status · Comment 

First Winner Industries Ltd IPO Final subscription status:

Overall subscription: 1.26 times

Retail Individual Investors (RIIs) category: 1.32 times

Qualified Institutional Buyers (QIBs): 1.05 times

Non Institutional Investors: 1.84 times

Lotus Eye Care Hospital Limited IPO Final subscription status

June 22, 2008 · Filed Under Subscription Status · Comment 

Lotus Eye Care Hospital Limited IPO Final subscription status:

Overall subscription: 1.18 times

Retail Individual Investors (RIIs) category: 1.34 times

Qualified Institutional Buyers (QIBs): 0.63 times

Non Institutional Investors: 2.60 times