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33. 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.
32. 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
31. 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 !
30. 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.
29. 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
29.1. KSC  Jul 16, 2016 7:38:15 PM IST

Advanced Enzyme Technologies Ltd IPO

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

Commercial Syn Bags Ltd IPO

Basis of allotment
27. 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.
27.1. shareipo  Jul 15, 2016 10:16:26 AM IST

L&T Infotech Ltd IPO

is this L & T techservices is good company ?
26. 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.
26.1. Growth Investor  Jul 9, 2016 7:07:04 PM IST

L&T Infotech Ltd IPO

Good work....
26.2. 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 ?
25. 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’.
24. 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.
23. 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.
23.1. Khemka  Jun 26, 2016 6:59:57 PM IST

Quess Corp Ltd IPO

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

Quess Corp Ltd IPO

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

Quess Corp Ltd IPO

Sukriya BKing
22. 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.
21. 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.
20. 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
19. bangalore king  Jun 8, 2016 11:06:32 PM IST Reply

Mahanagar Gas Limited IPO

RBL Bank, which intends to hit the capital markets with its initial public offering (IPO) in the coming month, has begun roadshows to market its issue to institutional investors. The final clearance for the IPO from the Securities and Exchange Board of India (Sebi) is at an “advanced stage”, according to sources.

The roadshows are being conducted across Asia-Pacific, the US and the UK, said two people familiar with the matter. The bank, which is looking to raise Rs 1,300-1,500 crore after meeting all regulatory and statutory requirements, has now begun marketing the IPO to domestic investors as well.

A banker involved with the IPO declined to comment on the response to these road shows.
18. bangalore king  Jun 7, 2016 7:42:31 PM IST Reply

Mahanagar Gas Limited IPO

Mumbai: The queue of companies looking to go public is growing longer, with 8-10 firms preparing to launch their initial share sale in the next two months, said four people with direct knowledge of the matter.
Prospects of a strong monsoon season which bodes well for the economy and markets have encouraged companies to speed-up work on initial public offerings (IPOs), the four said on condition of anonymity as work on launching the IPOs is under way.
Some of the companies looking to go public include RBL Bank Ltd, Larsen & Toubro Infotech Ltd, GVR Infra Projects Ltd, Quess Corp. Ltd, Sandhar Technologies Ltd, GNA Axles Ltd, Centre For Sight Ltd and Advanced Enzyme Technologies Ltd.
Together these companies will raise equity capital worth `6,000 crore, as per estimates by Prime Database, a primary market tracker.
“We are targeting a few IPO deals in the next 1-2 months. Monsoon is very crucial for the market and everything depends on that for the moment,” said a top official at a domestic investment bank on condition of anonymity.
The Sensex has risen over 6% in the last 11 sessions on hopes of above-normal rainfall, while the latest quarterly corporate earnings showed improvement and India’s economy clocked better-than-expected growth for the previous quarter as well as fiscal year.
Private weather foreIMD).
Mint reported on 2 June that Mahanagar Gas Ltd (MGL) is likely to launch a share sale in the third week of June, with 20-22 June as the likely date. Existing shareholders—GAIL (India) Ltd and Royal Dutch Shell Plc—will sell 12.5% stake each and raise a total of about `1,200 crore.
MGL is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its adjoining areas, and Raigad district in Maharashtra. CNG is used in motor vehicles and PNG for household, commercial and industrial use.
Scheduled commercial bank RBL Bank Ltd intends to launch its offer in July, said two people familiar with the matter. The bank is looking to raise about `1,500 crore after meeting all regulatory and statutory guidelines. RBL received a conditional approval from capital markets regulator Securities and Exchange Board of India (Sebi) for the IPO last month.
Business Standard reported on 1 June that RBL settled a securities market-related violation with Sebi under the consent mechanism. RBL Bank paid `47.6 lakh as the part of the consent terms to Sebi and also highlighted an exit opportunity to its investors. The Sebi settlement order was passed on 30 May.
The IPO was kept in abeyance owing to violations of the Companies Act. The previous board had allotted shares via rights issues to 2,591 investors in February 2003—far higher than the 200 investors stipulated under law.
RBL will become the first bank to list on stock exchanges in nearly six years. In December 2010, Punjab & Sind Bank launched its IPO to raise around `480 crore.
IT services company L&T Infotech Ltd is targeting its share sale by mid-to-late July, said one person with direct knowledge of the development. The subsidiary company of Larsen and Toubro Ltd (L&T) is looking to sell shares worth `1,400 crore. The company was earlier looking to raise up to `2,000 crore but a 20% reduction in issue size prompted the company to withdraw its earlier proposal with Sebi and file a new application.
Quess Corp. Ltd, a business services provider owned by Thomas Cook (India) Ltd, is also looking to launch its IPO in early July. The proposed IPO will see the firm raise `400 crore.
Quess is an integrated business services provider, offering various services such as recruitment, temporary staffing, technology staffing, IT products and solutions, among others. The company plans to use the IPO proceeds for repayment of debt, funding capital expenditure and working capital requirements as well as for acquisitions and other strategic initiatives.
Emails to companies on Monday regarding their IPO decisions did not yield any response at the time of the story being published.
“We are seeing companies with 3-4 meaningful-sized deals looking to hit the markets over the next couple of months. Moreover, many companies are preparing for IPOs and are looking to file their papers with Sebi in the next four-five months. While there will be volatility due to global factors, the IPO pipeline remains robust and in my view companies could potentially raise about Rs 25,000-30,000 crore by April 2017,” said Subhrajit Roy, executive director, equity capital markets-origination, Kotak Mahindra Capital Co. Ltd.
17. bangalore king  Jun 7, 2016 7:30:57 PM IST Reply

Shanti Educational Initiatives Ltd IPO

Santi Educational Initiatives, the largest SME IPO on the BSE, managed to raise Rs 40 crore.

First time three FII have subscribed to the tune of 18crores in the IPO , bankers tracking the Issue said.

The issue got subscribed 1.52 times and Rs 60 crores have come through subscription.

Shanti Educational is engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India .

Since the beginning of the year, 27 companies have filed draft documents to collectively raise over Rs 220 crore through IPOs.

Of these, 21 firms have filed papers to launch IPOs on BSE''s SME platform, while the six plan to list on NSE Emerge.
16. bangalore king  Jun 7, 2016 2:39:34 AM IST Reply

Ujjivan Financial Services Ltd IPO

Several high net worth individuals (HNIs) have been caught on the wrong foot with their investments in Ujjivan Financial Services. About 600 such investors had placed leveraged bets worth nearly Rs 17,000 crore in its initial public offering (IPO). Shares of Ujjivan listed at a premium of only 10 per cent, which barely covered their interest costs. As IPO loans are given for a very short time, most of them had to liquidate their holdings. Soon after, Ujjivan''s shares saw a spectacular surge of about 60 per cent. On Friday, the stock touched a record high of Rs 400, almost double the issue price of Rs 210, leaving most HNIs red-faced.
15. bangalore king  May 28, 2016 12:58:08 PM IST Reply

Ujjivan Financial Services Ltd IPO


4Q FY16 results impacted by one-off; adjusted PAT surpasses estimate

 Alkem’s net sales for 4QFY16 stood at INR11.4b, up 25% YoY, driven by a strong
domestic performance (up 22% YoY) and impressive ramp-up in the US
business (up 18% YoY). After adjusting for a one-off cost of INR180m, the
EBITDA margin came in at 15.4% (vs. our estimate of 16.4%), with the margin
miss attributed to high R&D expense of 7.6% in 4QFY16 (as compared to ~3.3%
in 9MFY16). After adjusting for MAT credit write-off of INR830m and one-time
other expense, the company’s PAT came in at INR1.5b (vs. our est. of INR1.2b).
 Domestic business’ robust growth to continue despite regulatory headwinds:
Alkem’s domestic business grew by an impressive 22% YoY. Going forward, we
believe that a consistent outperformance in established therapies, coupled
with improvement in productivity of the company’s sales force in the chronic
segment will help partially offset the impact of regulatory headwinds (we
estimate ~16% CAGR till FY18E). According to IMS, Alkem delivered a strong
growth of 16% YoY in Apr-16 (despite a price decline of 2.7% in the NELM
14. bangalore king  May 26, 2016 12:05:32 AM IST Reply

Ujjivan Financial Services Ltd IPO

May 25: Engineering major L&T on Wednesday said that next week it will decide on the timing of L&T Infotech’s initial public offering.

“In a week’s time we will decide when we would launch the L&T Infotech IPO,” L&T Group Executive Chairman AM Naik told reporters here.

“It would be a week before we can say it will be launched immediately or may be a few months later, but the fact is that it will be launched,” Naik added.

The IPO comprises an offer-for-sale of up to 1.75 crore equity shares by L&T of its subsidiary.
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