Future Ventures IPO failed to impress Qualified Institutional Buyers (QIB) on its last day for investing in QIB category.
IPO received bid for 97,401,600 shares against allocated quota of 375,000,000 equity share for QIB’s. IPO subscribed 0.26 times in QIB category.
Public issue of Future Ventures Ltd will close for retail (RII) and Non Institutional Investor (NII) investors tomorrow, Thursday 28th 2011.
Most of the brokerage houses in India suggested retail investors to subscribe to this IPO. S P Tulsian, Aditya Birla Money, SBI Capital, Unicon Investment and ARM Research are among the analyst recommended to 'subscribe' to this IPO. MLR Securities and KR Choksey advises retail investors to stay away from this.
The day 3 bidding status of Future Ventures IPO is as below:
Qualified Institutional Buyers (QIBs): 0.26 Times
Non Institutional Investors: 5.13 Times
Retail Individual Investors (RIIs): 0.16 Times
Total: 0.95 Times
With growing market stability and improved market sentiment in last few months, Corporate India once again is gearing up for IPO's to raise capital. Edserv Softsystems was the last IPO raised capital from primary market in early February 2009.
Multiple business houses are lined up for IPO's and waiting for the right time. More then Rs 10,000 Cr are expected to raise through IPO's in recent future. The current market situation looks positive for companies to kickoff the IPO season and go ahead with there ambitious projects.
18 companies planning for IPO's, already got approvals from SEBI while few others are still waiting for clearance.
NHPC Limited IPO
Incorporate in 1975, National Hydroelectric Power Corporation (NHPC) is a Government of India enterprise. NHPC is in the business of building and maintaining hydro-electric power stations across India and its neighboring countries. The company is expected to raise around Rs 2,000 Cr though the IPO. More detail of the IPO can be found in the draft prospectus document company filed with SEBI on Aug 07, 2008.
Oil India Limited IPO
Incorporate in 1959, Oil India Ltd is also a Government of India enterprise. Oil India is in the business of crude oil exploration around India and overseas. Company is the second largest explorer of crude oil in India after ONGC. Government is planning to offload its 10% ownership in the company to issue 26.4 million shares (around Rs 1,400 Cr) though Initial Public Offer which is expected in next few of months.
Future Ventures India Limited, Pipavav Shipyard Limited, Rishabhdev Technocable Limited and Astec lifesciences Limited are among few IPO's cleared by SEBI and all set to tap India stock market.
22 IPO's are still waiting for approval from SEBI, including Adani Power Limited IPO, Godrej Properties Limited IPO and Jindal Cotex Limited IPO.
BSE and NSE Stock Markets will open on Tuesday, 28th October 2008 from 5:15 PM to 7:15 PM for Deepavali day stock trading in India.
Stock markets across India will remain close on Tuesday 28th October 2008 for Diwali Laxmi Pujan holiday and on Thursday 30th October 2008 for Diwali Bhaubeez.
We wish all investors Happy Diwali and prosperous New Year!
SEBI released a circular today telling the success story of Applications Supported by Blocked Amount (ASBA) payment option. Around 10% retail investors in 20 Microns IPO invested though ASBA payment options. 20 Microns IPO was subscribed around 10.5851 times in retail.
Most of the bids received through ASBA payment option came from ICICI Bank, who provided easy online IPO bidding to its account holders using ASBA method through ICICIDirect.com. Bank received 1943 applications for around 67k 20 Microns IPO Shares though ASBA payment option.
Other banks received IPO Applications through ASBA payment options are SBI, HDFC, Corporation Bank and Union Bank.
After this success, SEBI is planning for a big rollout of the new payment option with more then 60 banks for upcoming IPO's. SEBI is also in process of considering other recommendations to make IPO investment convenient and transparent to the investors. Listing day volatility in IPO shares is still the biggest challenge for SEBI.
Incorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing of Agro Chemicals. Company's main products are in three forms i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.
Chemcel Biotech Limited is entering in the capital markets with a fixed price initial public offering, IPO of 1,54,00,000 Equity Shares for cash, at a premium of Rs 6/-.
The price band for the issue has been fixed at Rs. 16/- for equity share of Rs. 10/-. The issue opens on September 09, 2008 and closes for subscription on September 12, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).
Chemcel Biotech Limited IPO Information, Chemcel Biotech Ltd IPO Allotment Status, Chemcel Bio-Tech IPO reviews and Chemcel IPO Listing Date.
Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.
This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB's). Banks would be required to register themselves in the SCSB list, which would be available on SEBI's website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.
Find more information about ASBA payment option
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.
Incorporated in 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.
Titagarh Wagons Limited is entering in the capital markets with an initial public offering, IPO of 4,063,158 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. 540/- at lower level and Rs. 610/- at upper level for equity share of Rs. 10/-. The issue opens on Mar 24, 2008, and closes for subscription on Mar 27, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Titagarh Wagons Limited IPO Information, Titagarh Wagons IPO Allotment Status, Titagarh IPO reviews and Titagarh Wagons Ltd IPO Listing Date.
Incorporated in 2002, Allied Computers International (Asia) Ltd is in the business of assembling and marketing of laptop computers. ACi undertakes services and maintenance contracts for all brands of laptop computers.
ACi Asia Limited is entering the capital markets with an initial public offering, IPO of 50,00,000 Equity Shares through a Fixed Price Issue.
The price for the issue has been fixed at Rs 12/- for equity share of Rs 10/-. The issue opens on October 19, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).
As per SEBI website, more then 100 companies has filed Draft Prospectus with SEBI and waiting for its approval for their public issues. Once approved, these IPO's are expected in next couple of months.
Some of the popular and potentially big upcoming IPO's at BSE / NSE are as below:
1. Reliance Power Limited (RPL) IPO
Reliance Power Limited (RPL), a Reliance Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects. The Reliance ADA group is one of the biggest business group in India involve in business like telecommunications (Reliance Communications), financial services (Reliance Capital), media and entertainment (Adlabs Films), infrastructure, energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors.
2. Mundra Port and Special Economic Zone Ltd IPO
Mundra Port and Special Economic Zone Limited is developer and operator of the Mundra Port, a leading sea port located in Kutch Gujrat. Mundra Port is Adani Group promoted company and has exclusive right to develop and operate Mundra Port and related facilities for 30 years starting from February 17, 2001. Mundra Port provides port services for bulk cargo, container cargo, crude oil cargo and value-added port services, including railway services.
3. Religare Enterprises Limited IPO
Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company.
Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare's retail network spreads across more than 900 locations across more than 300 cities and towns in India.
4. SVPCL Limited IPO
Incorporated in 1992, SVPCL Limited is Hyderabad based manufacturer of paper products and stationery. SVPCL also involve in large volume printing, computer stationery and security printing.
SVPCL has production facilities in Hyderabad, Vijayawada and Visakhapatnam Special Economic Zone. SVPCL products include Single and Multiple Part, Blank and Pre-printed Computer Stationery, Security Products like Share Certificates, Fixed Deposit Receipts, Courier Dockets, Credit Cards, ATM Pin Mailers, Pay Covers, Brochures, Annual Reports, and Calendars & Text Books etc.
There are other most waited IPO's will hit stock market very soon. This list includes:
• Emaar MGF IPO
• Manjeera Constructions IPO
• Afcons Infrastructure IPO
• Anu's Laboratories IPO
• National Hydroelectric Power Corporation (NHPC) IPO
• Parabolic Drugs IPO
• TCG Lifesciences IPO
• Kishore Biyani's Future Capital IPO
• Edelweiss IPO
• Wockhardt Hospital IPO
• Multi Commodity Exchange IPO
Bharat Earth Movers Limited (BEML) is a leading manufacturer of mining and construction equipments in India. BEML was incorporated in 1964 as a Public Sector Undertaking (PSU) under the administrative control of Department of Defense Production and Supplies, Ministry of Defense, with headquarters at Bangalore.
Bharat Earth Movers Limited is BSE / NSE listed company and coming up with a follow up public issue FPO of 1,19,00,000 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 1020/- at lower level and Rs 1090/- at upper level for equity share of Rs 10. The issue opens on June 27, 2007, and closes for subscription on July 03, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Incorporated in 1994, ICICI Bank is part of the ICICI group. ICICI Bank is India's largest private sector commercial bank. ICICI Bank together with its subsidiaries, offer products and services in the areas of commercial banking to retail and corporate customers (both domestic and international), treasury and investment banking and other products like insurance and asset management.
ICICI Bank Limited is BSE / NSE / NYSE (ADR) listed company and coming up with a follow up public issue FPO of [ ] Equity Shares of Rs 8,750/- Crore, 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 ***/- at lower level and Rs ***/- at upper level for equity share of Rs 10. The issue opens on June 19, 2007, and closes for subscription on June 22, 2007. The equity shares of the company's follow up public offer are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As so many IPO's on investor's plate, below are brief updates from current primary market:
Recently Closed IPO's:
1. Technocraft Industries (India) Ltd. IPO oversubscribed by 10.67 (retail 8.1) times.
2. House of Pearl Fashions Ltd. IPO oversubscribed by 3.91 (retail 1.8) times.
1. Cinemax India Limited (CIL) IPO is Close today 24 Jan 2007.
Issue oversubscribed by 4.14 (retail 1.7) times as of 23-Jan-2007.
Expect it to oversubscribe by 25 times (may be more).
2. Redington (India) Limited IPO is Close tomorrow 25 Jan 2007.
Issue oversubscribed by 2.16 (Retail 0.23) times as of 23-Jan-2007.
Expect it to oversubscribe by 25 times (may be more).
3. Transwarranty Finance Limited (TFL) Open today and will close on February 02, 2007
Upcoming IPO's (confirm):
1. Power Finance Corporation Ltd: January 31, 2007 to February 06, 2007
2. Indian Bank: February 05, 2007 to February 09, 2007
Both the above upcoming IPO's are from public sector and highly recommended by most of the experts.