Birla Cotsyn - Listed at discount

July 30, 2008 · Filed Under Allotment Status · Comment 
Birla Cotsyn, a Yash Birla group company, today closed at a discount of 32.5 per cent at Rs 9.45 from its opening price of Rs 14.90 on the NSE on the day one of the listing. The issue price of the scrip was Rs 14. The listing price was also its intra-day high the scrip touched and it also touched an intra-day low of Rs 8.75. On the BSE, too, the scrip closed down at Rs 9.2 from its opening price of Rs 14.70. It touched an intra-day high of Rs 17.50 and a low of Rs 8.55. The company raised close to Rs 125 crore through its recent IPO. The company plans to utilise these funds to set up an integrated textile unit and a garment manufacturing plant at its existing facilities in Maharashtra and also for its opening of retail outlets, which it plans to set up across the country.

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Part with your money only when you get goods - IPO without initial investment

July 30, 2008 · Filed Under Allotment Status · Comment 
SEBI on Wednesday issued details on the modalities by which investors can apply for an IPO, while still keeping the application money in their bank account till finalisation of the allotment. For this purpose, SEBI has introduced a supplementary process for applying for public issues called as “Application Supported by Blocked Amount” (ASBA) process. ASBA process This application would authorise banks to block the application money in a bank account. The ASBA process shall be applicable to all book-built public issues, which provide for not more than one payment option to retail individual investors. The issuer will be treating these applications similar to non-ASBA applications while finalising the basis of the allotment, said SEBI. The ASBA process will be offered by “Self Certified Syndicate Banks” (SCSB). Banks that wish to offer this facility must submit a certificate to SEBI in a prescribed format for inclusion of its name in the SCSB list, which will be displayed on the SEBI Web site. Once listed, the bank shall then be deemed to have entered into an agreement with the issuer and shall be required to offer the ASBA facility to all its account holders for all issues to which the ASBA process is applicable, said SEBI. Long-standing demand In May this year, the board of SEBI had “approved, in principle, the concept of making lien on bank account as an alternative mode of payment in public/rights issues.” SEBI is addressing a long-standing demand of retail investors whose IPO application money is often blocked for weeks even when they are not allotted shares. This process will also do away with the refund process. This will also shorten the time between a public issue and its listing, since listing happens only after refunds are done. The ASBA facility would come into effect from the date to be specified by SEBI, once a few eligible banks are recognised as SCSBs. Investors eligible to apply under ASBA would have to bid at cut-off, with single option as to the number of shares bid for. They must agree not to revise their bid. The ASBA applicants also cannot bid under any of the reserved categories.

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Birla Cotsyn (India) Ltd – Listing Date

July 29, 2008 · Filed Under Listing Date · Comment 

Birla Cotsyn (India) Ltd IPO is getting listed on 30-Jul-08 . Listing details are:

Birla Cotsyn (India) Ltd

Listing Date

30-Jul-2008

BSE Scrip Code

533006

NSE Symbol

BIRLACOT

Listing in

‘B’ Group of Securities

ISIN

INE655101016

Issue price

14

Face Value

10

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Somi Conveyor Beltings Limited – Listing Price

July 24, 2008 · Filed Under Listing Price · Comment 

Somi Conveyor Beltings Limited listed on 24-Jul-2008.

It opened at Rs. 37.65 with touching a high of 37.65. It took a dip till 24.70. Finally closed at Rs. 25.90. Thus a discount of 26.00% below issue price at the end of first day trading.

Other listing details:

 

Somi Conveyor Beltings Limited

BSE Script Code

533001

NSE Symbol

 

Listing in

‘B’ Group of Securities

Issue Price

35

ISIN

INE323J01019

Face Value

Rs. 10

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Vishal Information Technologies Ltd IPO - Final subscription status

July 24, 2008 · Filed Under Subscription Status · Comment 

Vishal Information Technologies Limited IPO Final subscription status:

Overall subscription: 1.19 times

Retail Individual Investors (RIIs) category: 0.45 times

Qualified Institutional Buyers (QIBs): 0.01 times

Non Institutional Investors: 1.36 times

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Birla Cotsyn (India) Ltd IPO – Allotment status

July 24, 2008 · Filed Under Allotment Status · Comment 

Birla Cotsyn (India) Ltd (BCIL) IPO allotment status is now available at http://www.adroitcorporate.com/ASPPages/IPOStatus.asp

BCIL IPO was open on June 30, 2008 and closed on July 09, 2008. IPO was oversubscribed by 1.11 times (0.9164 times in retail).

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Somi Conveyor Beltings Ltd – Listing Date

July 23, 2008 · Filed Under Listing Date · Comment 

Somi Conveyor Beltings Ltd IPO is getting listed on 24-Jul-08 . Listing details are:

Somi Conveyor Beltings Ltd

Listing Date

24-Jul-2008

BSE Scrip Code

533001

NSE Symbol


 

Listing in

‘B’ Group of Securities

ISIN

INE323J01019

Issue price

35

Face Value

10

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Nu Tek India Limited - IPO

July 23, 2008 · Filed Under IPO · Comment 

Nu Tek India Limited

Period 

29-Jul to 01-Aug 2008

Size (Equity Shares)

4500000

Type 

100% Book Built Issue (Initial Public Offer IPO)

Face Value 

Rs. 10- 

Price Range 

Rs 170 to Rs 192

Market Lot 

 

Max shares Retails investor can apply at cut off

 

Registrar 

Aarthi Consultants Pvt Ltd

Registrar’s email 

info@aarthiconsultants.com)

Lead Manager 

Spa Merchant Bankers Ltd, India Infoline Ltd

Listing 

BSE, NSE

Grading 

 

About the company 

Incorporated: 1993 Business: Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks.

Undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM’s and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients.

Client: Telecommunication Equipment Manufacturers, Telecom operators, Third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure. Nokia Siemens Networks Pvt Ltd, Ericsson India Pvt Ltd, Motorola India Pvt Ltd, Nortel Networks India Pvt Ltd

Telceom Operators: Tata Teleservices Ltd, Reliance Communications Ltd, Bharti Airtel Ltd, Idea Cellular Ltd, Vodafone Essar Ltd(Hutch), Videsh Sanchar Nigam Ltd

Third party infrastructure leasing companies: Quipo Telecom Infrastructure Ltd, Essar TTIL Ltd, Xcel Telecom Ltd, IMI Ltd

 

Objects of the Issue

# Capital Expenditure;

# Overseas Acquisitions;

# Augmenting Long Term Working Capital requirement;

# General Corporate Purposes;

# Expenses related to Fresh Issue.

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Somi Conveyor Beltings Ltd - IPO Allotment status

July 21, 2008 · Filed Under Allotment Status · Comment 
IPO Allotment Status is now available for Somi Conveyor Beltings Ltd at http://www.mondkarcomputers.com/ipo.asp

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Vishal Information Technologies Limited - IPO

July 14, 2008 · Filed Under IPO · Comment 

Vishal Information Technologies Limited

Period 

21-Jul to 24-Jul 2008

Size (Equity Shares)

27,90,000

Type 

100% Book Built Issue (Initial Public Offer IPO)

Face Value 

Rs. 10- 

Price Range 

Rs 140 to Rs 150

Market Lot 

 

Max shares Retails investor can apply at cut off

 

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

vitl.ipo@intimespectrum.com

Lead Manager 

Keynote Corporate Services Ltd

Listing 

BSE, NSE

Grading 

 

About the company 

Incorporated: 1994. Subsidiary of Tutis Technologies (Biometric Products, Software Development and consulting). Branches: Mumbai and Chennai. Representative office: UK and UAE.

Special points: Among the first few companies to venture in the field of ITES/BPO services. Pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series.

Business: Data digitization, E-publishing and digital library, Print on Demand (POD)

Objects of the Issue

# To finance the cost of expansion of the facilities in Chennai;

# To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;

# To set up a subsidiary in the United Kingdom and United States of America;

# General Corporate Purposes;

# Meeting the Public Issue Expenses.

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