IPO Discussion Page

Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff.

bangalore king's Comments

Close bangalore king's Comments


23. bangalore king  Aug 12, 2016 7:09:46 PM IST Reply

S P Apparels Ltd IPO

According to IndiaNivesh Securities Ltd, which had rated the issue a subscribe, there is no other company in the listed space which caters to this niche segment of children’s wear since it is smaller than menswear and womenswear but is growing faster than both.

In a note on 2 August, the brokerage firm said that at upper price band of Rs.268 the stock is available at 19.4 times FY16 earnings per share (EPS) of Rs.13.8 post capital raising, which is at par to its peers such as Kitex Garments Ltd.
22. bangalore king  Aug 11, 2016 7:07:28 PM IST Reply

Dilip Buildcon Ltd IPO

Solid buying at NSE today !

11-Aug-2016       DBL       Dilip Buildcon Limited       ABU DHABI INVESTMENT AUTHORITY       BUY       15,00,000       249.18       -
11-Aug-2016       DBL       Dilip Buildcon Limited       EAST BRIDGE CAPITAL MASTER FUND LIMITED       BUY       11,67,883       242.17       -
11-Aug-2016       DBL       Dilip Buildcon Limited       SWISS FINANCE CORPORATION (MAURITIUS) LIMITED       BUY       7,30,000       250.04       
22.1. Septa  Aug 11, 2016 8:02:10 PM IST

Dilip Buildcon Ltd IPO

thank u for sharing the info that is solid buy from some big Fiis
22.2. STOCKT  Aug 11, 2016 11:59:29 PM IST

Dilip Buildcon Ltd IPO




21. bangalore king  Aug 6, 2016 7:22:09 PM IST Reply

RBL Bank Ltd IPO

Ujjivan FinanceServices Ltd
(Rs. 463.00) : Expensive Finance!
Ujjivan Finance Services Ltd (Ujjivan) - is a Bengaluru based company started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. Ujjivan operations is spread across 24 states&union territoriesand 209 districts across India, making it as one of the largest MFI in terms of geographical spread serving 2.77 million active customers through 469 branches and 7,786 employees. Factors such as growing pipeline of IPO''s due to bull rally, successful
listing of its rivalEquitas, stellar numbers from listed micro-finance major Bharat Financial Inclusion Limited (formerly SKS Micro-finance) and sharp growth being witnessed in general in the
NBFC/microfinance industry thanks to huge NPA''s and credit growth issues plaguing PSU banks
have fueled an euphoria in the share prices of listed NBFC/microfinance companies and the rally
is on the verge of burst. Ujjivan now trades at more than 4 times to its book value and has risen
more than 150% (within two months of listing) from its IPO price. Once Ujjivan converts into Small
Finance Bank (SFB), cost of operations will eat into margins and the phenomenal growth being
shown in the last few quarters will tend to moderate. Book profits and stay away.

RBL Bank will offer Rs1100 crore worth fresh equity and 17568408 shares through OFS
How and when will be DilipBuildcon and S.P.Apparels'' IPOs ?
Prabhat Telecom''s got listed at 19% premiums on BSE-SME platform.
Sheela Foam will file DRHP with Sebi for Rs510 crore IPO
Godrej Agrovet, BSE, NSE, PNB Housing Finance and InvIT all set for IPO

Dilip listing
Listing :- The shares will be deposited in
account on August 10 and listing may take
place on August 11. It may get listed around
Rs240-145 and spurt to Rs250 after listing.
It is advisable to book profit once it crosses
Rs260 level.

SP listing
The shares may be deposited in account on August 10 and may get listed on August
11 around Rs280-285. Be cautious if it crosses Rs300 level as it may slip in discount after listing.

With raising Rs8,000 crore fund in the first six months of Calendar year, the primary market is
setting up new records and moving forward. It is believed that Indian primary market has given
higher returns compared to Indian Secondary Market, and markets in US and Europe. Total 41
companies have come up with IPOs in 2016 till now and have given average 41% return, which is
four times of Sensex. In comparison, primary market in US has given average 19% and European
primary market has given 9% return.
Till now, Sebi has given nod for IPO to 15 companies which will raise Rs6,000 crore and as
many as 9 companies are waiting for Sebi''s pproval for IPO. Apart from that six companies had
obtained Sebi nod but it has got lapsed.

• Advanced Enzyme (540025) :- The issue got listed at 1210 and went up to Rs1242 and came
down to Rs1168 before closing at 1214 on listing day. It spurted and closed at Rs1423 on Friday.
It is advisable to book profit on upward movement.

• Prabhat Telecoms (540077) :- The issue with offer price of Rs51
got listed and closed at 61.20. It went closed at Rs71.70 on Friday. It
has given 40% return to investors.

• RBL Bank IPO :- The issue has got delayed and now it may
come up in third week of August. The reason for delay is violation of
norms regarding pending cases against banks in past as well as violation
of norms in allotment of Rs600 crore shares to certain investors.
The bank is trying to come up clean with settlement and ratification
of mistakes. It will offer fresh equity of Rs1100 crore and 17568408
crore shares through OFS. Rs1500 crore issue may open on
August 19 and close on August 23. The issue offer price could
be Rs 225 and lot size could be 55/60.

* Insight into upcoming issues:-
• Sheela Foam :- Sleep-well mattress manufacturing company
has filed DRHP with Sebi for Rs510 crore IPO. It will dilute
51% stake through OFS. The company with 12 manufacturing
units boasts 20/23% market share. Lead managers are Edelweiss
and ICICI Securities.
• Godrej Agrovet Ltd :- After acquiring two companies last
year, the company is coming up with IPO.
• PNB Housing Finance :- Punjab National Bank promoted finance company has filed DRHP
with Sebi for Rs2500 crore issue. PNB will bring down its stake from 51% to 37%.
• BSE :- It will come up with Rs500 crore IPO to dilute 30% stake.
• NSE :- It will provide exit route to shareholders through IPO in beginning of next year.
• IL&FS :- It is planning to get its Infrastructure Investment Trust (INVIT) listed in October

Grey market movement

RBL Bank premiums and application form rates highly volatile
Grey Market movement fizzles out with closing of DilipBuildcon and SP Apparels issues

Dilip BUildcon :- The premiums had come down to seller circuit of 12/15 from premiums of 35/
40. However, more than expected response in HNI category spurted the premiums to 30/32 and
now it is around Rs27/29.
SP Apparels :- Not much fancy as it is getting listed in ''T'' group. The premiums of 13-15 due
to 2.5 times subscription are not likely to sustain till listing.
RBL Bank :-Though RBL Bank''s issue is not announced officially, premiums and application
rates have gone volatile in the grey market. The premiums have spurted from Rs40/45 to 55/57.
Minimum application rates are around 800/850.

21.1. Khemka  Aug 6, 2016 7:58:09 PM IST
21.2. Earthking  Aug 7, 2016 1:54:33 PM IST

RBL Bank Ltd IPO

Keep update us sir ... Nice work ...
21.3. rahulagaa  Aug 10, 2016 10:07:43 AM IST

RBL Bank Ltd IPO

Sir, should we apply for RBL AND CL EDUCATE?
20. bangalore king  Aug 4, 2016 1:42:28 AM IST Reply

Dilip Buildcon Ltd IPO

Final figures

QIB 9.7
HNI 79
RII 2.3
19. bangalore king  Aug 1, 2016 10:30:51 PM IST Reply

S P Apparels Ltd IPO

Exports knitted garments for infants to UK

After a huge jump in net profit in FY 2016, the shares are being offered at 20 times EPS !!

be VERY careful !
19.1. bangalore king  Aug 1, 2016 10:44:11 PM IST

S P Apparels Ltd IPO

In November 2006, the selling shareholder NYLIM India Fund, was issued 18 lakh equity shares at Rs 200 per share. After adjusting for inflation adjusted rate of return, the selling shareholder is exiting 50% at loss. !!
18. bangalore king  Jul 30, 2016 6:31:01 PM IST Reply

Dilip Buildcon Ltd IPO

RBL Bank''s Rs712 crore issue will open on August 11 around Rs225

PNB Housing Finance has filed application for Rs2500 crore issue and Godrej Group is also planning to come up with issue of Godrej
Agrovet (GAVL). Sebi Chairman UK Sinha said, "Considering the number of DRHPs filed, it seems the current financial year will set a record
of sort." Till now atleast 10 companies have filed DRHP.

Advanced Enzyme

The issue is going to be listed on August 1 on BSE and NSE. It is believed the stock with offer price of Rs896 will get listed around
Rs1200-1225 and may cross Rs1250 on good market sentiments. It will create volatility in the market. It is better to book profit if the prices cross Rs1225/1250


It may get 3 to 3.5 times subscription in retail category. It will get highest subscription in QIB category. Subscription in HNI is likely to be average.
Listing may take place on August 11 between Rs240 to Rs250.

Looking to the fundamentals & technical parameters and offer price, this IPO is average. However, considering Rs. 10800 Cr. Orders (next two
years order book), excellent execution track record, efficiency, visible growth in Infra - Road construction, investors can apply this issue for medium to long term investment.

SP Ipo

Subscription :- It may get 1.5 to 2 times subscription in retail. Discovery price could be Rs268.
Allotment :- Allotment may take place on August 9, fund may be unblocked on August 10 and shares may be deposited in account on August 11. Full and firm allotment is possible.
Listing :- Listing could be on August 12 around Rs268. However, the company is going to be listed in ''T'' Group so 5% circuit will be applicable. Therefore, there will not be high volatility.
As IPO size is Rs. 240 cr. i.e. less than Rs. 250 cr. This IPO will be listed in ''T'' segments hence listing gain will be limited. It is average & risky issue for retail investors. One can apply for long term investment in this Issue.

Now a days Grey Market has been witnessing new trend. The premiums touches the top with announcement of the new IPO but the effect withers as the issue opening day comes nearer.
Parag Milk, Mahanagar Gas, Quess Corp, L&T Infotech, Advanced Enzyme and Dilip Buildcon are the live examples of the same. On the other hand, the craze for minimum applications is also
subsiding. It is believed that RBL Bank issue may create some movement in the market.

Advanced Enzyme :- The premiums touched Rs400 but came down to 310 on opening day, but 116 times subscription spurted the premiums to 340/345 but now it is at sellers'' rate of 315/
320. High volatility expected on listing on August 1.
Dilip Buildcon :- The premiums touched 38/40 but came down to 20/22. Minimum application forms do not have buyers even at Rs350/450. No deals are taking place.
SP Apparels :- There is no deals in this issue as the issue is going to get listed in ''T'' group with 5% circuit. So it is lacking fancy.
17. bangalore king  Jul 27, 2016 11:58:45 PM IST Reply

L&T Infotech Ltd IPO

L&T Infotech (NSE: LTI, BSE: 540005), a global information technology services & solutions company, today announced a strategic partnership with GE Digital combining LTI’s diverse industrial capabilities with GE’s Predix cloud-based operating system for the Industrial Internet. LTI and GE Digital will collaborate to develop innovative digital-industrial solutions powered by Predix analytics and real-time insights to enhance competitiveness and transform the way companies manage their assets and workforce.
16. bangalore king  Jul 26, 2016 10:15:15 PM IST Reply

Dilip Buildcon Ltd IPO

READ all of YOU very carefully !

Too much to wonder and worry

Dilip Buildcon’s (DBL) high order book and standalone revenue CAGR
over FY11-15 (53%/ 57%) has not yielded sufficient cash (cum. pre-tax
CFO/EBITDA of 40%). Higher-than-industry receivable and inventory
days result in industry-leading cash conversion cycle (112 days). Whilst
growth prospects appear strong, we are surprised and uncertain of
sustainability of industry-high EBITDA margins (FY15: 22% vs 10-14%
for peers); meaningful unwinding of working capital is unlikely given
changes in NHAI payment rules hence standalone debt/ equity (FY15:
2.5x vs <0.8x for peers) poses risks to net margins. IPO proceeds
should help reduce debt but equity will be needed to fund the recently
won NHAI BOT project (`3bn needed). Corporate governance concerns
emanate from pending litigations against promoters and media
articles suggesting political connectivity and questionable behavior.

Competitive position: MODERATE Changes to this position: STABLE

A fast growing contractor with a burgeoning order book
DBL’s order book has remarkably elevated at >50% CAGR over FY11-15 and
DBL now ranks amongst the largest road EPC contractors in India (Sep-15 book
of `103bn). Though its book-to-bill is only marginally above peer average, its
order book to net worth is materially higher (10x). An analysis of orders won
from NHAI indicates that DBL has bid well below NHAI’s indicative cost.
Revenue CAGR of 57% over FY11-15 is well ahead of peers.

Strong order book, but can the balance sheet support it?
DBL’s inventory and receivable days are well above peers. So, its cash
conversion has been less than ideal (pre-tax CFO/EBITDA: 38% over FY11-
1HFY16) and leverage is higher (2.5x D/E in FY15 vs 0.2-0.8x for peers). Bulk
of IPO proceeds of up to `4.3bn will be utilized to retire debt and fund working
capital. Internal accruals will need to increase materially to fund its new large
NHAI BOT project (`3bn of equity required).

High margins weighed down by interest cost
DBL’s 2x peer-set margins are driven primarily by superior gross margins.
Given road dependence (standard NHAI jobs, high competition, limited
sourcing advantages), limited scope of bonus claims and high dependence on
sub-contracting, we find margins too high. High standalone leverage and
finance cost (15% of average debt in FY15) have rendered PAT margins in line
with peers, maintaining high risk to net margins.

Reduced IPO size; no progress in leverage, cash, corporate governance
Reduced fund-raise of `4.5bn from `6.3bn has lowered fresh funds into the
company more than for exiting investors/promoters. We believe money raised
from minorities should be used to strengthen the balance sheet or protect from
future shocks of growth, margins, and cash (very frequent in this industry).

"""""" Valuation should be at discount to peers for corporate governance issues
15. bangalore king  Jul 23, 2016 5:30:27 PM IST Reply

Dilip Buildcon Ltd IPO

Dilip Buildcon :- The issue may open on August 1 and close on August 3. The anchor
investors will make their bids on July 29. The company is offering fresh equity worth Rs430 crore, while 1.02 crore equity shares are offered through OFS. The lead managers are J.M. Fin, Axis Capital and IIFL. Issue registrar is Link Intime. In the issue 50% shares will be allotted in QIB, 15% in HNI and 35% in retail category.
• S.P. Apparels :- It may enter into the market on August 2 and close on August 4. It will
offer fresh equity worth Rs215 crore and nine lakh equity shares through OFS. In the issue 50% shares will be allotted in QIB, 15% in HNI and 35% in retail category.
• RBL Bank :- The issue was supposed to open on August 1 but now it has been postponed due to technical reasons. So Rs6000 crore issue may come in second week of August.

Prabhat Telecoms SME IPO is big AVOID !
14. bangalore king  Jul 18, 2016 11:31:06 AM IST Reply

L&T Infotech Ltd IPO

L&T Infotech bags contract for Project Insight To help I-T dept nab tax evaders

Dilasha Seth | New Delhi July 18, 2016 Last Updated at 00:32 IST
L&T Infotech has bagged the Project Insight contract to help the Income Tax Department nab evaders. The IT firm will profile all taxpayers and flag high-risk individuals. So, if you missed paying your taxes but head to a luxury mall and splurge, you could get caught.

The project, worth about Rs 1,000 crore, will use technology to allow the government to collate all information available with the I-T department and profile people using Permanent Account Number (PAN) details.

“L&T Infotech has won the contract for the project, which will be launched in phases. It will segregate assessees as low and high risk. If an individual’s income is low according to tax returns but makes big-ticket purchases, it will get flagged. Identification of defaulters will become much easier,” said a finance ministry official.

The Central Board of Direct Taxes and Intelligence Bureau are working closely on the project.
13. bangalore king  Jul 16, 2016 7:30:36 PM IST Reply

Advanced Enzyme Technologies Ltd IPO

L&T IPO oversubscribed by 11.69 times but couldn''t
beat market expectations in QIB and HNI
RBL''s Rs 6000 crore issue may enter into the market on August 1
L&T Infotech listing may take place at nominal premium on July
22, but hold on the shares

Listing may take place on July 22. Poor results of
Infosys have affected the IT companies. So the issue may
get listed around Rs725 to 750. The applicants are advised
to hold on the share irrespective of high volatility on
listing and afterwards. L&T Group''s one more company
L&T Tech Services is also coming up with an IPO in
near future. If the current issue does not fructify, the next
issue will not materialize

Advanced Enzyme

The issue may get 15 to 17 times subscription
in retail category but application wise allotment
will be 10-12. It may get 150 to 200 times subscription in

Advanced Enzyme :- The deals started taking place in Grey Market at price of Rs330/340 but
the premiums are touching new highs every day. It touched Rs390/392 and may touch Rs400
level when the issue opens. The minimum application forms deals started at Rs400/450 in
Saakarbazaar and now it is around Rs600.

L&T Infotech :- The issue premiums in the grey market were at Rs130 before the issue
opened but after the issue opened it is hitting new bottom every day. Last week, sellers were
ready to sell at even Rs12. Poor response from HNIs have hit the prices. However, now premiums
are recovering and now it is around Rs22/24. The application form deals started with Rs500/
550 but now it is around 400/450 but deals are not taking place due to lack of buyers in the
13.1. KSC  Jul 16, 2016 7:38:15 PM IST

Advanced Enzyme Technologies Ltd IPO

Bk.filhal Gmp Lt ka Grey 2 rs hai
13.2. ChiAgi  Jul 18, 2016 8:44:26 AM IST
12. bangalore king  Jul 15, 2016 3:51:18 PM IST Reply

Commercial Syn Bags Ltd IPO

Basis of allotment

11. bangalore king  Jul 15, 2016 1:23:38 AM IST Reply

L&T Infotech Ltd IPO

After the successful Rs 1,243-crore IPO of L&T Infotech, the diversified Larsen & Toubro group is lining up the initial share sale of another group entity L&T Technology Services.

The IPO size of L&T Technology Services is estimated to be more than Rs 750 crore. It could go up to Rs 900-1,000 crore, sources said.

The company, which provides innovative engineering as well as research and development services across sectors, has revenues worth nearly $500 million.

L&T Technology Services also offers engineering analytics, Internet of Things and automation solutions.

Ahead of the L&T Infotech IPO, group executive chairman A M Naik had told PTI in an interview that the group was already working on the listing of L&T''s "third baby" in the stock market but did not disclose the name.

"All I can say is that L&T Finance took 17 years to come to the market, and now we are coming after 5.5 years and I can assure you it (the third) will be less than 5.5 years," Mr Naik had said.

Besides parent Larsen & Tourbo, L&T Finance Holdings is also listed while L&T Infotech''s IPO closed with nearly 12 times oversubscription on Wednesday.

The erstwhile L&T Integrated Engineering Services, carved out of parent L&T in 2010, was renamed as L&T Technology Services in 2012.
11.1. shareipo  Jul 15, 2016 10:16:26 AM IST

L&T Infotech Ltd IPO

is this L & T techservices is good company ?
10. bangalore king  Jul 9, 2016 6:58:55 PM IST Reply

L&T Infotech Ltd IPO

Subscription :- It may get 2.5 to 3 times subscription in retail category,
while many times in QIB and HNI category.
Discovery Price :- It could be at upper price band of Rs710.
Refund / allotment :- Allotment may take place on July 19 and
fund will be unlocked on July 20. Shares will be deposited in account
on July 21. ¾ of the investors may get 20 shares.
Listing :- Listing may take place on July 20 around Rs775 to Rs800
and may cross Rs825 level.

L&T Infotech :- In the issue with price band of 705/710 the deals started at 90/95 and
touched 140/150 at one point of time but now it has touched bottom of 70/72. The application rates have come down from 700 to 550.
Quess Corp :- The issue witnessed deals at 195/200 and touched peak of 25 but came
down to 165 /170 and it is at seller''s 185/190 currently. The application rates were at 5200/5400 (Subject to). IPO may get listed on July 12 and the listing is expected to be highly volatile and may cross Rs 500 level.

* This week''s NCDs issues:-
• Edelweiss Housing Fin :- Rs500 crore issue with base price of Rs250 crore has opened on July 8 and may close on July 11. It has received 812.63 crore which is 3.26 times of base price.
* Next week''s listing (Quess Corp.) :- Quess Corp''s issue may get listed on July 12.
Allotment :- the company has allotted shares in ratio of 36:897 means out of 25 applicants one applicant will get 45 shares.
Listing :- It may get listed on July 12 around Rs475 to Rs500 and may touch Rs500/525 in short term. It is better to book profit when it crosses Rs500 level.
* SME Listing:-
• Zeal Aqua (Code: 539963) :- the issue with fixed price of Rs130 got listed at Rs133 on July 7 and went up to Rs138 and down to Rs132 before closing at Rs133.
10.1. Growth Investor  Jul 9, 2016 7:07:04 PM IST

L&T Infotech Ltd IPO

Good work....
10.2. ASHOK MEHTA  Jul 9, 2016 7:46:59 PM IST

L&T Infotech Ltd IPO

Dear banglore king,
You have quoted application rate for Quess as 5200 which appears wrong.
Your estimate for OS for retail category is application wise or amount wise ?
9. bangalore king  Jul 5, 2016 5:36:55 PM IST Reply

L&T Infotech Ltd IPO

Valuations unattractive; recommend Avoid: We expect the Indian IT Services companies to reported muted US$ revenue growth over the next three years – due to cannibalization of their existing revenues and high competitive intensity in the digital domain. With a similar business model – we expect the same for LTI. Accordingly, the company would report an EPS of Rs65, in our base case scenario, (8% US$ revenue growth over next two years and flat margins). That would value the company at 12.0x FY17 and 11.0x FY18 P/E at the higher band of the offer – expensive in our opinion. The company does not have any differentiated business model, so as to warrant a multiple inline with the relatively expensive midcap companies like MindTree, eClerx and Hexaware. We would be more comfortable giving it a multiple inline with KPIT/NIIT Tech – at 10x FY18 P/E. We hence find the offer price unattractive and recommend ‘Avoid’.
8. bangalore king  Jun 28, 2016 6:01:25 PM IST Reply

Quess Corp Ltd IPO

The financials for FY 2015 are for 15 months and hence YoY comparison with FY 2016 is not possible as there is seasonality in the business. For FY 2016, consolidated net sales stood at Rs 3435 crore, OP at Rs 164.32 crore and PBT stood at Rs 124.75 crore. Due to MAT credit, the tax rate was lower and, thus, PAT stood at Rs 88.52 crore. At the higher price band of Rs 317, on a diluted equity share capital of the company of Rs 125.90 crore of face value of Rs 10 each, the EPS for FY 2016 works out to Rs 7.

At higher price band of Rs 317, Quess is being offered at a P/E of 45.3 times its FY 2016 earnings.

Nearest comparable listed player is TeamLease. At the current market price of Rs 886, TeamLease is trading at around 60 times its FY 2016 consolidated fully diluted earnings. TeamLease is a debt-free company, while Quess had a long-term borrowing of around Rs 35 crore and short-term borrowing of around Rs 339 crore as on March 2016.

While TeamLease is looking out for acquisitions and has largely grown organically, Quess has successfully integrated and leveraged its previous acquisitions. Around 98% of TeamLease revenue comes from staffing services, where as Quess has a much more diversified customer base and diversified business stream of revenue, which has enabled Quess to generate better OPM of more than 4% for the past four years as compared to around 1% OPM of TeamLease.
7. bangalore king  Jun 26, 2016 6:07:34 PM IST Reply

Quess Corp Ltd IPO

This week''s IPOs:-
• Quess Corp :- The integrated service provider company is coming up with Rs400 crore issue
which will open on June 29 and close on July 1. In the issue with offer price of Rs310 to Rs317, the
applicant will have to deposit Rs14265 for 45 shares. Listing will be on BSE and NSE. Thomas
Cook promoted company has acquired 9 companies till now. More details are given in separate
Subscription :- It may get 20-25 times subscription in retail, 50 times in QIB and 100 times in
HNI segments.
Discovery Price :- IT could be at upper price band of Rs317.
Allotment/Refund :- Allotment could be on July 7 and fund will be unlocked on July 8. In retail
segment one out of 14/15 applicants may get 45 shares through lottery system.

Premiums highly volatile in Mahanagar Gas and Quess Corp
Premiums come down to buyers 110 in Mahanagar Gas
Application rates come down from 1400 to 800 in Sakar Bazaar:
Deals stopped with 6 times subscription in retail
Quess Corp premiums at buyers 170

Mahanagar Gas :- The premiums starte at Rs95/1000 but reached 140 and application
rates started at Rs100 and reached 1400 level.
This week, the premiums came down to 90/95 and application rates came down to 800/850.
Brexit brought premiums to 80 and application rates to 800 level.
Record subscription resulted in higher premiums of buyers 110/112, while deals blocked in
Sakar Bazaar.
Quess Corp :- The buyers are in the market at premiums of 1700. Only 10% shares will be
allotted in retail so hardly any deal taking place for application form. But in Sakar Bazaar ''Subject
to'' forms are being bought at price of Rs4000. It may witness fancy.

Credit in Account :- Share may be credited in account on July 11.
Listing :- Listing may take place on July 12 around Rs470-500 and
may cross Rs525-550 level in short term.
• Zeal Agro :- Gujarat based company is coming up with Rs14.75
crore issue offering 11.35 lakh shares at price of Rs130. More details
are given in separate box.
• KKV Agro Powers Ltd :- The company will raise Rs3.56 crore
through offering 1.12 lakh equity shares at price of Rs320. More details
are given in separate box.
* PSU Disinvestment :-
• Oil India :- The government has appointed seven merchant bankers
for raising Rs2000 crore by offering 10% (6.01 crore shares) stake.
The current stock prices are around Rs350
Coal India :- The company will buy back 10% stake from the government
at cost of Rs6000 crore. The company has Rs38000 crore
fund on hand.
• Hudco :- The government has granted nod for 10% stake sale to
raise Rs565 billion.
* Upcoming Mainline Issues:-
• L&T Infotech :- It may come up with issue on July 11 to raise Rs1500
crore. It has cut the size by 20% after advice by investment bankers.
• Advanced Enzyme :- It will come up with issue offering Rs60 crore
fresh equity and 44,73,470 crore shares through OFS in third week of
• RBL :- It may come up with Rs200 crore issue in end of July.
• Dilip Buildcone :- The company may come up with issue offering Rs430 crore fresh equity
and 1136 millions shares through OFS by end of july.
• VarunBeverages :- It has filed DRHP for Rs1000 crore issue.
• PNB Housing :- It has appointed three merchant bankers for Rs2015 crore IPO.
• Metropolis Health Care :- It plans Rs1000 crore IPO.
• Sohanlal Commodities Management :- It plans Rs500 crore issue.
7.1. Khemka  Jun 26, 2016 6:59:57 PM IST

Quess Corp Ltd IPO

Thanks dear _/\_
7.2. BADAYA  Jun 26, 2016 8:32:47 PM IST

Quess Corp Ltd IPO

great piece of information :)
7.3. KSC  Jun 26, 2016 10:17:53 PM IST

Quess Corp Ltd IPO

Sukriya BKing
6. bangalore king  Jun 18, 2016 1:19:53 PM IST Reply

Mahanagar Gas Limited IPO

As many as 33 small and medium enterprises are planning to line up initial public offers (IPOs) to fund business expansion and meet working capital requirements.

These companies, which are planning to list on BSE’s SME platform, are expected to float IPOs in the coming months.
The exchange has already given go-ahead to 15 SMEs, while another 18 have filed their draft offer documents with BSE and are awaiting for approval, as per the latest information.

Listing will help these companies to enter capital markets and finally migrate to the main board platform.
SMEs, which have lined up their IPOs include, Trine Entertainment, Monarch Apparels (India) Ltd, Shareway Securities, Octaware Technologies, Worth Infra Industries, AGI Hospitalities, Yash Chemex and Advance Syntex.

BSE MD and CEO Ashishkumar Chauhan, last month, had said that exchange expects 30 IPOs on its SME platform in the next three months.
BSE launched SME platforms in March 2012 and since then, 139 companies have been listed on the platform. These firms together have a market capitalisation of Rs 10,126.35 crore.

Out of these 33 firms, 18 companies have migrated to the mainboard platform. Currently, there are 121 companies listed on the SME platform.
As per the norm, companies looking to list on the BSE’s SME platform require have post-issue paid up capital of a minimum Rs 3 crore.
Besides, they need to have a net worth of at least Rs 3 crore (as per the latest audited financial results) to qualify for the listing.

SMEs list themselves on bourse for easy access to capital, enhanced visibility, growth opportunities, exit route for old shareholders, among others.
After meeting required norms, SMEs can seek migration from SME Exchange to main board.
5. bangalore king  Jun 11, 2016 9:27:53 PM IST Reply

Mahanagar Gas Limited IPO

Mahanagar Gas :- Mahanagar Gas''s IPO will open during timeline of 20-22 June. Price
band will be around Rs. 455 to Rs. 485. It''s issue size will be between
Rs. 122.6 crore to Rs. 1197.7 crore and face value of Rs. 10.
Minimum for 30 shares can be applied in retails. Retail allocation
will be 35%. Mahanagar Gas I joint venture company of Gail India
and Royal Dutch Shell PLC.
• Advanced Enzyme :- The company was keen to launch its IPO in
2013 but deferred due to uncertainty of the market. The company has
planning to once agian come-up with 44,73,470 equity shares and Rs.
60 crore fresh issue.
• Quess Corp. :- Promoted by Thomos Cook, this Bangluru based
company is eager to launch Rs. 400 crore IPO. The IPO will be come
by third-fourth week of the June.
* SME IPO - Listing :- Last week Ahmedabad based Shanti Education
of Chiripal Group entered into the domestic bourses with fixed
price IPO of Rs. 90. The company planned to garner Rs. 39.60 crore
through the IPO.
* United Polyfab - Listing :- United Plyfab''s IPO was listed with
discount price of Rs. 42.50 which gone up Rs. 44 and then showed
bottom line of Rs. 42.50 and closed on Rs. 44.
4. bangalore king  Jun 9, 2016 8:28:36 PM IST Reply

Mahanagar Gas Limited IPO

Larsen & Toubro Ltd., India’s biggest builder of roads and power plants, has picked advisers to prepare an initial public offering of about Rs1,000 crore ($150 million) for its subsidiary L&T Technology Services Ltd., people with knowledge of the matter said.

The Mumbai-based conglomerate is working with Kotak Mahindra Bank Ltd., Bank of America Corp. and JM Financial Ltd. on the engineering-services unit’s listing, according to the people, who asked not to be identified because the information is private. An IPO filing with India’s capital markets regulator could come as early as July, they said.

Larsen is preparing two separate listings as it seeks to monetize some of its operations, which span finance, ship building and nuclear power. The company also plans to list its software-services unit, Larsen & Toubro Infotech Ltd., as soon as next month after assessing demand and receiving relevant approvals, the people said.

Both offerings are expected to be completed by March next year, they said. Larsen chairman A.M. Naik told reporters on 26 May that the company would decide in a week on the timing of the software division’s listing.

Larsen declined to comment in an e-mailed response.

L&T Technology Services, with more than 10,000 employees, advises makers and distributors of medical devices, phone equipment, automobiles and aircraft, its website said. Larsen serves customers in more than 30 countries in industries including hydrocarbon, infrastructure and defense, according to its website. Bloomberg
By Popular Stock Brokers

UpStocks, The Flat Rate Discount Stock Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Currency
or Rs 15/Trade

Lowest Transaction Charges
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Equity Delivery Trades
Flat Rs 20 Per Trade for F&O

Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits

Enquire Now
(* on online account opening)


Brokerage: Intraday @ 0.02%, Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)

Request Demo


Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

More About Brokers

Special Offers Broker Reports

Message Board

Discussion Forum

Search Chittorgarh.com:

Translate Chittorgarh.com: