IPOs
« Previous EntriesBirla Cotsyn IPO opens for subscription
Monday, June 30th, 2008Birla Cotsyn - a part of Yash Birla group of Industries and manufacturer of textile good is hitting the capital market with their IPO of Rs 144.18 crores. The IPO is opening for subscription today and will be closing on 4th Jule 2008.The company has fixed a price band of Rs 15 to Rs 18 per equity share of face value of Rs 10 each.
According to source company will utilized these funds for expansion plans, setting up a 36,000 cotton spindle yarn manufacturing unit at Malkapur, set up an Open End rotor based Cotton yarn manufacturing facility.
Birla Cotsyn IPO Opening soon
Wednesday, June 25th, 2008Birla Cotsyn a part of Birla Group of Industries is planning to hit the bourses of capital market with Initial public offer of shares equivalent to Rs 14,418 lakh through equity shares of face value of Rs 10 each. As per the latest information we have, the issue is expected to hit the primary market on 30th June 2008 and will close for subscription of 4th July 2008.
NU TEK IPO CRISIL Grading 3/5
Tuesday, June 10th, 2008Nu Tek is planning for enterng into indian capital market with its Initial Public Offer and have filed DRHP with sebi for approval. By the time CRISIL is doing its job by providing us guidance through its grading system for IPO. Nu Tek IPO is comprises of 1 million shares. We do not have much information regarding its price band and subscription dates yet.
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First Winner Industries IPO
Monday, June 9th, 2008First Winner Industries- one of the manufacturer of grey fabrics and in trader of textile fabrics will be offering its IPO and will be opening on 9th June 2008 and will be closing on 12th June 2008. First winner is located at MIDC, Tarapur, District Thane, Maharashtra and is just 5 years old with total capacity to manufacture 108 lakh meter grey fabrics per annum. They also have two subsidiary companies named Ramshyam Textile Industries Limited and First Winner Lifestyle Private Limited.
IPO comprise of 55,00,000 Equity Shares of Rs 10 each for cash at a price to be decided through a 100% Book-Building Process and will have price band of Rs. 120 to Rs. 130 per Equity Share.
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Sejal Architecchural Glass IPO
Monday, June 9th, 2008One of the major player in Glass processing industries in India- Sejal Architect Glass is hitting the stock market bourses in next couple of weeks. They are entering into the capital market on 9th June 2008 with Initial public offering of 91,94,155 equity shares. Price band is Rs 105 to Rs 115. The objects of the issue are to raise capital for part financing the funds required for setting up of a new manufacturing facility for the production of float glass and general corporate purposes.
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Archidply Industries IPO
Monday, June 9th, 2008Archidply group of industries is one of the well known group in India and they are coming to the capital market with their Initial Public offer for Archidply Industries on 9th June 2008. Archidply industries is one of the major player in plywood making industry in India with nearly 30 years of experience. Archidply Industries IPO will be opening for subscription on 11th June 1008 and will close on 17th June 2008. Price band for IPO is fixed at Rs. 70 to 80 per share of face value Rs. 10 each. IPO will be consisting of 66,15,720 equity shares of Rs 10 each and will be managed by Motilal Oswal and Registrar will be Karvy Computershare.
Anu’s Laboratories hit bourses with 24% premium
Wednesday, June 4th, 2008Anu’s Laboratories IPO which has received reasonable responce from retail investors during subscription have hit the bourse today and have performed quite well. Stock started trading at Rs 260 in contrast to its issue price of Rs. 210. This is almost 24% premium to its issue price.
JSW Energy IPO receives CARE 4/5 grading
Wednesday, June 4th, 2008JSW Energy one of the subsidiary company of JSW group have recently filed DRHP with SEBI and has all set to launch their IPO in coming months. CARE has recently published an article after reasearching the proposed red hearing prospectus and have given 4/5 grading. TheMarketInsight is also looking forward for this power sector IPO. One can safely trust the JSW group and booming power setor in India and invest with long term view of 3-4 years.
AVON weighing Systems IPO opening soon
Monday, June 2nd, 2008AVON weighing Systems is one of the popular manufacturer of weighing scales and systems in India. Along with manufacturing they also have dealership for A&D Company and Tanita Corporation from Japan.
Following are details of IPO:
Exchange: BSE
Opens on: 9th June 2008
Closes on: 12th June 2008
Face Value: 10 Rs.
Emaar MGF IPO coming back
Monday, June 2nd, 2008Emaar MGF IPO which has failed earlier to gain investors interest lately is planning for yet again try. Emaar MGF which is collaboration between Emaar from Dubai and MGF from India had lots of difficulties siz months back partially due to Reliance Power IPO and partially due to adverse market conditions. According to sources thay have plan to investUSD 3 billion in 10 locations in India and and they have plan to coming back to capital market in next couple of months.
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