Zenith Birla (India) Limited FPO Message Board (Page 2)

Does anyone know on what date will this scrip
list in the market ??

Seems this allotment is not before 14th...

I am apply zenith birla. But till date i am get a share or refund order. What to do?

The price has come down to Rs 65 Now and from the information I got , the allotment may be on 9th or 10th of this month. I believe this share may again come back to 75 Rs witin another 15 days.
Thanks Rahul shah for your information that the IPO was subscribed by 1.1 times. So we have more probability to get the shares ..

the ipo (zenith birla ) is subscribed only 1.1 times and the allotment willbe declare within next 24 hours thats why the price is came down from 82 to 65 on (07/11/2006)
so do not vest your time and sell the shares as fast as u can ( this is my presonal recomendations )

pls let me know the status of allotment & listing date ????????/

Hi,

This issue is doing good. Now the price is Rs.77. Can anyone tell me when the shares would be allocated?

The market price is consistently above 70Rs now... Any idea when the share allotment will be made?

The mkt rate is Rs.64( which is manuplated) and the market is likely to go down further so only fool will apply for this issue

Hi Nilesh,
Zenith Birla is an FPO and yesterday it was closed at 57.70 (Low 56.75).

The asking price is 55 Rs for this FPO and I feel you should get Zenith Birla's stocks at 55 Rs price in primary market in next couple of days...So no need to apply and wait for allotment.

Hope this will help!

Hello friend,

I am a short term investor. After getting shares alloted to me in any IPO, I am selling in 2-3 days of listing.

Please give me your opinion for Zenith Birla IPO. Should I apply ?

Thanking you.

Yours sincerely,
Nilesh

Money Control News (16th Oct 2006):

Zenith Birla (India), a Yash Birla Group Co, is open for subscription with a follow-on public offer of 2.38 crore equity shares of Rs 10 each at a price of Rs 55 per share.

The proceeds of the issue aggregating to Rs 131 crore (Rs 1.31 billion) will fund a new facility to manufacture mechanical (CDW) tubes primarily for automotive application and also meet its working capital needs. The company currently makes steel pipes and machine tools.

The issue closes on October 20. Net offer to the public is 96.36 lakh equity shares aggregating Rs 53 crore (Rs 530 million). Promoters will buy 45.45 lakh equity shares costing Rs 25 crore.

Employees and directors of the company, existing shareholders and shareholders of group companies will receive 19.27 lakh equity shares each.

NRIs and FIIs will be allotted 19.27 lakh shares and banks/mutual funds/Indian financial institutions will also get same number of shares. The total issue will form 59% of the post-issue paid-up capital of the company.

The new plant at Khopoli in Maharashtra will have an installed capacity of 60,000 tonnes per annum and commercial production is scheduled for December 2007.

IDBI Capital Market Services and Keynote Corporate Services are the lead managers to the issue.

The company posted a net profit of Rs 2.93 crore (Rs 29.3 million) for the quarter ended June 2006.

How about this IPO? Is it a good one or not? Is it for long term or short term ?