For faster IPO refunds, banks to upgrade tech

The automatic payment mechanism will be based on an electronic form of the stock invest scheme (read more)

Faster refunds coming for IPO applications

Application money for these share issues will remain in an investor’s bank account until the allotment of shares is finalized by the issuing company (read more)

Indiabulls arm to raise $300 mn in Singapore

The firm plans to raise close to $300 million (Rs1,254 cr) through a mix of private placement and an initial public offering of a real estate investment trust in Singapore (read more)

Indiabulls files IPO prospectus in Singapore

In February, the firm had said its business trust would make a public offering in that country and is proposed to get listed on the Main Board of Singapore Exchange Securities Trading (read more)

R-Adag: Contrition, or was it self-interest?

Anil Ambani quickly moved to reassure the market that the stock was an attractive long-term investment (read more)

Aishwarya Tele lists at 43% premium on BSE

Issue price was Rs35; Scrip opens at Rs50.10, touches an intra-day high of Rs75.25 within minutes of opening (read more)

IPO investments cap soon for insurance cos

The investment of insurance firms in IPOs will be capped at either 10% of their subscribed capital or 10% of their fund value, whichever is lower (read more)

ICICI Securities’ IPO to come in due course: Kamath

ICICI Bank chief says in no hurry, size of issue not yet decided, will wait till conditions become favourable (read more)

Adani Power may make pre-IPO placement

The firm may raise up to Rs2,000 crore to partly fund its 9,000-MW power projects (read more)

Ratnagiri Gas board scraps IPO, private placement plans

Even in its new avatar, the project has been mired in controversy over issues ranging from inadequate gas to faulty equipment (read more)

Anu's Lab IPO subscribed 0.21 times on its 2nd day

Hi Friends, Anu's Laboratories Limited, IPO subscribed 0.21 times on its 2nd day. QIBs: 0.2183 Non Institutional: 0.3978 Retail (RIIs): 0.1073 Employees: 0.2327 The price band for the issue is  Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE). Anu's Laboratories Limited IPO Information, Anu's Laboratories IPO Allotment Status, Anu's IPO reviews and Anu's IPO Listing Date. Click on the below link to find more detail analysis & recommendation about Anu's Laboratories Ltd IPO: http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174 Good Luck! Kris Chittorgarh.com (read more)

Gokul Refoils and Solvent Ltd IPO final bid detail

Hi Friends, Gokul Refoils and Solvent Ltd IPO oversubscribed by 4.27 times. Non Institutional category oversubscribed around 6.5845 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 2.7206 times. Retail Individual Investors (RIIs) category oversubscribed 5.5931 times and Employees category oversubscribed 1.0565 times. Gokul Refoils and Solvent Ltd IPO - Final bid details (information from NSE Website) Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category 1 Qualified Institutional Buyers (QIBs) 3541696 9635710 2.7206 1(a) Foreign Institutional Investors (FIIs)   7578620   1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)   230720   1(c) Mutual Funds   1794870   1(d) Others   31500   2 Non Institutional Investors 1062508 6996080 6.5845 2(a) Corporates   2814455   2(b) Individuals (Other than RIIs)   3760295   2(c) Others   421330   3 Retail Individual Investors (RIIs) 2479188 13866265 5.5931 3(a) Cut Off   12349575   3(b) Price Bids   1516690   4 Employee Reservation 75000 79240 1.0565 4(a) Cut Off   0   4(b) Price Bids   79240 Gokul Refoils and Solvent Ltd IPO Information, Gokul Refoils IPO Allotment Status, Gokul IPO reviews and Gokul Refoils and Solvent IPO Listing Date. Click on the below link to to find more detail about Gokul Refoils and Solvent Ltd IPO: http://www.chittorgarh.com/newportal/IPO_detail.asp?a=173 Good Luck! Kris Chittorgarh.com (read more)

Anu's Laboratories Limited IPO Recommendation - Avoid

Hello Friends, Anu's Laboratories Limited IPO Recommendation Public Issue Open: May 12, 2008 to May 15, 2008 Public Issue Price: Rs 200/- to Rs 210/- Price Earning Ratio at upper band: 14.50 Price Earning Ratio at lower band: 13.81 Anu's Laboratory was incorporated in the year 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules. The financial indicators of Anu's Lab (not of other group companies) are good. The company is growing, increasing sales and profits and also increasing its profit margins. Returns on Networth and returns on capital employed are very good. On the other hand, Anu's Lab is a small company and present into a commodity business which makes this issue very risky. Since Anu's has a decent financial profile there are chances that it might list with a marginal listing gain. But the chances of this happening are very slim. Price earning multiple of around 15 and price to book of around 4 is too high a price to pay for Anu Labs. We recommend to avoid the issue. For detail analysis please visit following link: http://www.chittorgarh.com/newportal/ipo_review.asp?a=174 Good Luck! Chittorgarh.com Team (read more)

Aishwarya Telecom Limited IPO Listing Info

Aishwarya Telecom Limited IPO Listing Info: IPO Listing Date: Wednesday, May 7, 2008 BSE Script Code: 532975 Listing in: ‘B' Group of Securities ISIN: INE778I01016 Issue Price: Rs. 35/- per share Face Value: Rs 10/- Per Equity Share (read more)

Gokul Refoils IPO Review & Recommendation

Hi Friends, Gokul is an established player and should be able to compete well in highly competitive and inherently low margin edible oil business. Edible oil market in India will grow considering increasing consumption and economic development of India which presents a good opportunity to Gokul. With increasing retail share Gokul should be able to increase its net profit margins Valuations of Gokul are very reasonable considering price earning multiple of around 8 at upper band (annualized for 8 months ending November 2007). Gokul also comperes favourably with its peers like K.S. Oil (price earning multiple of around 22) and Ruchi Soya (price earning multiple of 12). Price to book multiple of Gokul at upper band is 1.64 which is again very reasonable Gokul has a reasonable debt with its debt equity ratio at 0.45. Return on Net Worth has improved over the years and is quite decent at 27% for the 8 months ended November 2007. Return on Capital Employed is not good at around 15%. Based on the above parameters we recommend subscribing to the issue. For complete analysis please visit following link: http://www.chittorgarh.com/newportal/ipo_review.asp?a=173 Discuss this review at: http://www.chittorgarh.com/newportal/DiscView.asp?mid=3108&forum_id=34 Chittorgarh.com Team Disclaimer: All investments are subject to risk, including the loss of principal amount invested. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. (read more)

Anu's Laboratories Limited IPO Opening on May 12

Incorporated in 1996, Anu's Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu. Anu's Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 38,20,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue opens on May 12, 2008, and closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) . Anu's Laboratories Limited IPO Information, Anu's Laboratories IPO Allotment Status, Anu's IPO reviews and Anus IPO Listing Date. Click on the below link to to find more detail about Anu's Laboratories Ltd IPO: http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174 Good Luck! Kris Chittorgarh.com (read more)

Aishwarya Telecom Limited IPO Allotment Status

Hi Friends, IPO Allotment Status is now available online for Aishwarya Telecom Limited IPO. Aishwarya Telecom Limited IPO was open on April 15, 2008 and closed on April 17, 2008. IPO was oversubscribed by 20.00 times (33.99 times in retail). Good Luck! Kris (read more)

Reliance Power Ltd announced bonus shares record date

Hi Friends, Reliance Power Limited (REPL) has announced the long-awaiting record date for its bonus shares, June 02, 2008. Company will issue 3 bonus shares for every 5 shares hold by investors at the end of day June 02, 2008. The company's books will remain closed between June 3 and 5 for this purpose. Important information about this Reliance Power Limited (REPL) bonus shares are: Bonus share ratio: 3:5, 3 Bonus shares for every 5 shares hold by investors Record date: June 02, 2008 Book remain close to process bonus share: From June 03, 2008 to June 05, 2008 Trading date for cum-bonus shares: May 29, 2008 Trading date for ex-bonus shares: May 30, 2008 Discuss this message at: http://www.chittorgarh.com/newPortal/DiscView.asp?mid=3048&forum_id=34 (read more)

Gokul Refoils and Solvent Ltd IPO Opening on May 08

Incorporated in 1992, Gokul Refoils and Solvent Limited is engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing. The business of refining vegetable oils including seed procurement, processing, solvent extraction and marketing of edible oils. The major edible oils processed in the plant are Soybean Oil, Sunflower Oil, Palm Oil, Mustard Oil, Groundnut Oil and Vanaspati. Gokul Refoils and Solvent Limited is entering in the capital markets with an initial public offering, IPO of 71,58,392 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs. 175/- at lower level and Rs. 195/- at upper level for equity share of Rs. 10/-. The issue opens on May 08, 2008, and closes for subscription on May 13, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Gokul Refoils and Solvent Ltd IPO Information, Gokul Refoils IPO Allotment Status, Gokul Refoils and Solvent IPO reviews and Gokul IPO Listing Date. Click on the below link to to find more detail about Gokul Refoils and Solvent Ltd IPO: http://www.chittorgarh.com/newportal/IPO_detail.asp?a=173 Good Luck! Kris Chittorgarh.com (read more)

Kiri Dyes and Chemicals Limited IPO Listing Date & Info

Kiri Dyes IPO Listing Date & Info: IPO Listing Date: Tuesday, April 22, 2008 BSE Script Code: 532967 NSE Symbol: KIRIDYES Listing in: B Group of securities ISIN: INE415I01015 Issue Price: Rs 150/- Per Equity Share Face Value: Rs 10/- Per Equity Share (read more)