Tara Health Foods, a producer of edible oil and cattle/poultry feed, has received commitment of Rs 27 crore from anchor investors (AIs). The company is coming out with a public issue of one crore equity shares on April 28, 2010.
The price band for the issue has been fixed at Rs 180-190 per share. The issue would constitute 33.28% of the fully diluted post issue paid-up capital of company. It will close on April 30.
AIs have subscribed for 15 lakh equity shares - a part of AIs portion - at Rs 180 per share, a lower end of price band. IDFC Premier Equity Fund and Kotak Mahindra (UK) Ltd A/c Sandstone Capital India Master Fund subscribed for 50% portion each.
The company is catering to the needs of both human and animal nutrition through its products, which can be divided broadly in to edible oil and cattle/poultry feed. It not only produces these products, but also market them in the northern part of the country.
SJVN IPO IS SIMILAR TO CASE OF A FAMILY WHERE YOU HAVE BROUGHT THE ELDER DAUGHTER I. E NHPC HOME.THIS DAUGHTER IN LAW PROVES TO BE A QUARRELSOME,PROUDY,LAZY N AFTER GOING THRU THIS BAD EXPERIENCE WILL U TAKE THE CHANCE OF BRINGING HER YOUNGER SISTER AS SECOND DAUGHTER IN LAW FOR YOUR SECOND SON.
WHEN THE PEDIGREE WHICH IN THIS CASE IS INDIAN POWER MINISTRY COMPRISING OF A HIGHILY CORRUPT POWER MINISTER N BUREAUCRATS IS ITSELF DOUBTFUL .WHY TAKE A CHANCE.
BETTER PURCHASE FROM SECONDARY MARKET SCRIPS AT AVERY LOW VALUATION N GOOD PROSPECTS.
THANK YOU, GEM IPO FINDER FOR COMPARISON BETWEEN NHPC & SJVNL.I AM AWARE YOU HAVE GIVEN LOT OF TIME TO DO THIS ANLYSIS THANKS A TON KEEP IT UP PEOPLE LIKE YOU,SHRDHER, SHARANPURJI & RAVI BANGLORE ARE GREAT HELP. THIS IS PRECISE REASON I GO THROUGH THIS SITE ONCE AGAIN THAK YOU!! MILINDS
ove long term it will sell higher than nhpc.in next 1-3 years.
over long term it is going to touch 50 rupee.excellent opportunity for long term players to buy at ipo below 25.with good roi of 14-15% much better than nhpc.
its safest at 22-23 with easily double ur money.
for nhpc i dont see it above 40 in next 2-3 years.as i told at its ipo time.
now flood in ipo market but dear investor now need to think in ipo coz listing trend of ipos you all knws (dwn)so more causious in investment in ipo you can invest in jpinfratech thats look good for investment and give good return
i was right when i said that shree ganesh jewellery will list at 40-50% discount you can check my blogs and now i recommend to invest heavily in sjvn the most underpriced issue ever and will list not less than 36 . mind my words and donot go by grey market premium.
In the morning I said I had bought Greaves cotton for results to be declared tomorrow & I said it will be up minimum by 5 %.Now it is already up by 6%.Tomorrow it will be up by 4 % more, so 10 % profit with minimum risk.So folks it is better to buy in secondary market with almost zero risk instead of going for these expensive IPOs.Money making has become difficult in IPOs now.Results season you have got plenty of oppurtinity to buy shares with good results prospects.I have even bought ARSS for results today.Tomorrow I will sell it with 2-3 percent more gain.