Wednesday, 15 June 2011

Rushil Decor IPO

IPO Details:


InformationValue
Open Date20-Jun-2011
Close Date23-Jun-2011
Allotment Date04-Jul-2011
Refund Date05-Jul-2011
Listing DateNA
Issue PriceRs. 63 - Rs. 72
Isuue Type100% Book Building Issue
Issue Size5,643,750 Equity Shares of Rs. 10
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerCorporate Strategic Allianz Ltd & Indbank Merchant Banking Services Limited
RegistrarBigshare Services Pvt Ltd
Registrar Emailfclipo@bigshareonline.com
Registrar Websitehttp://www.bigshareonline.com/

India's Largest NBFC is coming up with @ 11.50% Intrest NCD (Secured Bonds) From 27th JUNE 2011

Rate of Intrest is @ 11.25% for 3 years and 11.50% for 5 Years

Monday, 6 June 2011

Market Regulator to Probe Irregularities in Vaswani IPO

Market regulator Sebi will probe alleged irregularities in the IPO of Vaswani Industries. The investigation will be completed within 30 days. Earlier, it had withheld the listing of the company's IPO following complaints by investors alleging large scale withdrawal and rejections in the issue. “A detailed investigations shall be initiated into the matter...The investigation shall be expeditiously completed within a period of 30 days, so that a decision on the listing application by the stock exchanges can be taken within the statuary time limit provided under the Companies Act,” Sebi said in an order. The regulator has directed the merchant bankers concerned to deposit the amount collected from the issue in an interest generating account

Absence of institutional buyers sours IPO market

The aggressive participation of institutional investors in public offerings (POs), which was the highlight of 2010, is missing in the recent public offerings, bringing down the overall mood of the market. Worse, the primary market is not expected to revive at least in the next two quarters. The issues of VMS Industries and Timbor Home, which closed on Thursday, received poor response from qualified institutional buyers (QIBs).

QIB participation in VMS Industries IPO was close to nil. The issue ultimately sailed through with retail investors' subscription of 3.42 times the issue size, and non-institutional investors (NIIs) at 1.11 times. NIIs include corporates and HNIs. HNI subscription was also weak, hardly one-third of total NII subscription.

Timbor Home Ltd, which received 0.65 times subscription from QIBs, was also saved by retail and NII subscriptions of 14.22 times and 3.22 times the issue size, respectively. Another firm, Galaxy Surfactants had to withdraw its IPO a day before its closing on May 19, in the wake of poor response.

"For some POs, the response of QIBs and HNIs has been poor in the recent past. They are shying away from small issues, which are not so well researched," said Prithvi Haldea, chairman and managing director (CMD) of PRIME Database, a premier database on the primary market.

Is this lull in the primary market, where companies raise funds by issue of fresh shares before or after listing, the result of Vaswani Industries, the IPO of which was stalled by the Securities and Exchange Board of India (Sebi)? "If the company knows in advance that there will be poor response to the issue, they will make some arrangements with institutional investors - like Vaswani did. But we cannot paint all the issues with the same brush," said Haldea.

Sebi
has ordered cancellation of the Vaswani issue on finding substantial withdrawal of subscription by some of the institutional investors after the issue was closed, by not sending cheques or anomalies in issued cheques.

Jagannadham Thunuguntla, strategist and head of research of SMC Global Securities, said, "Already the mood in the primary market is not upbeat in 2011. Secondary market fall of over 10 per cent could be cited as one of the major reasons."

Hardly 17 POs have hit the market during the first five months of 2011, according to data available with NSE. Of this, only three have given positive returns. Firms have raised over `69,000 crore through the primary market in 2010, which seems to be a tall order this year. Primary market thrives on stable economic conditions and/or in bull markets. High volatility and falling markets are historically anathema for primary market growth.

"Over 50 companies are holding Sebi approvals, but are yet to test the market," said Haldea. Issuers are holding back their plans on fears that if Nifty falls by another 100 points the whole issue plan would get spoilt. To a query on when the primary market could see a revival, Thunuguntla said that the Centre holds the key to the query.

"The revival of primary market depends on the initiatives of the government. Most of the recently-listed firms are trailing their issue prices. The government has to show something on the table for the investors to ensure long-term sustainability of the market," Thunuguntla added. The Centre is also dilly-dallying on launching the follow-on public offerings (FPOs) of SAIL, ONGC and BHEL in a weak market

Saturday, 4 June 2011

Most HNI applicants pull out of Vaswani IPO


The Securities and Exchange Board of India (Sebi) on Thursday said its preliminary analysis suggested large-scale withdrawal of applications in the high net worth individual (HNI) category after the closure of Vaswani Industries’ initial share sale offer.
The stock market regulator, which has withheld the listing of Vaswani Industries after receiving complaints from investors, has found that 3,813 applications have been withdrawn after the closure of the issue. “Of the withdrawn applications, 666 applications amounting to a total of Rs 31.32 crore belong to cases where bids have been punched in the system, but the cheques were not sent for payment,” Sebi said in its order. “Amongst the remaining 3,147 applications, 2,785 applications have been on account of “cheque return” amounting to a total of Rs 101 crore,” the regulator added.

“Applications in the HNI category amounting to Rs 44.6 crore (which works out to about 90 per cent of the issue size) have been made on the opening day of the issue at the cap of the price band. All these applications have been withdrawn subsequently,” Sebi said in its order



In its order, Sebi also said it would carry out a detailed investigation within the next 30 days, so that a decision on the listing application can be taken by stock exchanges within the statutory time limit provided under the Companies Act.
The regulator has also asked the banker to the issue, Ashika Capital, to place the amount in the public issue account in an interest earning account.
Vaswani Industries’ initial public offering (IPO) had opened on April 29 and closed on May 3. The company had made an offer of 10 million shares in a price band of Rs 45-49 a share. The issue was subscribed 4.16 times at the end of the bidding period. However, after the withdrawal of bids, the overall subscription came down to 1.28 times the shares offered.

MASS EXIT
* A total of 3,813 applications have been withdrawn after the closure of the issue
* HNI applications amounting to Rs 44.6 crore have been made on the opening day of the issue at the cap of the price band. All these applications have been withdrawn subsequently
Large-scale withdrawals
CategoryTimes subscribed
As on date of
issue closure
After withdrawal/
rejection
QIBs0.160.16
NIIs11.290.84
RIIs6.821.35
Total4.161.28
Source: Sebi order

Saturday, 28 May 2011

Chittorgarh Sightwala is trying to STOP my SIGHT

Chittorgarh staff is trying to band my this sight : If you like to ORIGINAL IPO SELLER SIGHT then help me by comments . I want only valuable support if you worth to read this sight.

Thnaks for support till date and expect the same, I will try to surve you better.

Vaswani Industries Ltd (VIL) GMP JUMP FROM DISCOUNT 13 TO PREMIUM 2

Vaswani Industries Ltd (VIL)  GREY MARKET PRICEC JUMP FROM DISCOUNT 13 TO PREMIUM 2

Thursday, 26 May 2011

Aanjaneya IPO shares will list on Friday, May 27, 2011

Aanjaneya IPO shares will list on Friday, May 27, 2011. Issue price of this IPO has been fixed at Rs 234/- per share. IPO was oversubscribed by 1.11 times (1.84 times in retail) on closing day.
Aanjaneya IPO Listing Date & Detail
Listing Date: Friday, May 27, 2011
BSE Scrip Code: 533412
NSE Symbol: AANJANEYA
Listing In: 'B' Group of Securities
ISIN: INE928K01013
Issue Price: Rs. 234.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Vaswani Industries Ltd. IPO. Latest Update : SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:

1. Listing of security of the company should be stopped till an investigation of the withdrawal of applications is complete.
2. Before permitting the security of the company to list, investors should be given an exit option so that the securities allotted to them in the IPO can    be withdrawn; subsequently, a call on the investment in the company can be taken by the investors post listing of the same.
3. A detailed investigation will start in this matter which will complete in 30 days (by 25th June 2011).
4. The bankers will place the amount in the public issue account in an interest earning account

Wednesday, 25 May 2011

P F C SHARE WILL BE CREDITED AFTER AUCTION ( MARKET CLOSING )

26-05-11

P F C

AS PER RELIABLE SOURCE

SHARE WILL BE CREDITED

AFTER AUCTION ( MARKET CLOSING )

i.e.AFTER 3:30 0' CLOCK

C O N F I R M E D. 

Vaswani Industries IPO : SEBI may return the money to the investors

Vaswani Industries IPO

The issue is being managed by Ashika Capital, the BRLM who were associated with Tirupati Inks and Vaswani Industries.  The Vaswani IPO is yet to be listed in the exchanges. SEBI has ordered a probe into the alleged irregularities / withdrawal of applications by 3000 investors after closer of the IPO. In all probability the IPO may get the axe of SEBI and may return the money to the investors, apart from penalizing the intermediaries for wrong doing.

Tuesday, 24 May 2011

Power Finance Corporation FPO ALLOTMENT STATUS already declare

Power Finance Corporation FPO ALLOTMENT STATUS WILL GET FROM BELOW LINK 
(already available)

http://mis.karvycomputershare.com/ipo/

TODAY (26-05-11)  EVENING U WILL GET CREDIT POWER FINANCE FPO IN YOUR DP ACCOUNT

Power Finance Corporation Ltd has informed BSE that the Further Public Offer

TODAY EVENING U WILL GET CREDIT POWER FINANCE FPO IN YOUR DP ACCOUNT

Power Finance Corporation Ltd has informed BSE that the Further Public Offer (`Issue`) of the Company received 258497 valid banking applications for 22,95,53,340 Equity Shares resulting in 4.31 times subscription. The basis of allotment and allocation in relation to the Further Public Offer of the Company, as finalized in consultation with the National Stock Exchange of India Ltd, being the Designated Stock Exchange, and approved by the Board of Directors of the Company, at its meeting held on May 24, 2011 is summarized as herein below;

1. The Employees portion was subscribed 0.87 times. The total number of Equity Shares allotted in the Employee Reservation Portion was 240016. The under subscribed portion of 35448 Equity Shares has been spilled over to QIB, Retail and Non Institutional category in the ratio of 50:35:15.

2. The Retail portion was subscribed 1.97 times. Overall, 254907 applications for 157362324 Equity Shares were found valid and were considered for allotment on a proportionate basis. The number of shares allotted in this category was 80288364 (including a spill - over of 41107 Equity Shares from the Employee and Non Institutional Investor category) to 249334 applicants.

3. The Non-Institutional Portion was subscribed to the extent of 1.08 times. Overall, 176 applications for 34327300 Equity Shares were found valid and were allotted. The under subscribed portion of 64382 Equity Shares has been spilled over to Retail and QIB category in the ratio of 35:50.

4. The QIB Portion was subscribed to the extent of 6.92 times. Overall, 155 applications for 792568812 Equity Shares were found Valid and the quantum of Equity Shares Allotted in this category was 114697660 (including a spill-over of 58723 Equity Shares from the employee and Non Institutional Investor category
).

VMS Industries IPO & Timbor Home IPO Opens on 30th May & Closes on 2nd June 2011

VMS Industries IPO Opens on 30th May & Closes on 2nd June 2011



Company Name
Open
Date
Close
Date
Issue Size
Offer
Price
Rating
Recomm.
Timbor Home Ltd.
(Book Building)
30-5-2011
2-6-2011
36.90 Lac Eq. Shares
54 to 63
--
--
VMS Industries Ltd.
(Book Building)
30-5-2011
2-6-2011

(Rs. 25.75 Cr.)
36 to 40



Timbor Home IPO Opens on 30th May & Closes on 2nd June 2011

PFC Announces Basis Of FPO Allotment

TODAY (26-05-11) EVENING U WILL GET CREDIT POWER FINANCE FPO IN YOUR DP ACCOUNT

Power Finance Corporation Ltd. said its Follow-on Public Offer or FPO, had received 2,58,497 valid banking application for 22,95,53,340 equity shares of the resulting in 4.31 times subscription.
The basis of allotment and allocation, as finalized in consultation with the National Stock Exchange, being the 'Designated Stock Exchange', and approved by the company's Board is summarized below:
The Employees portion was subscribed 0.87 times. The total number of equity shares allotted in the 'Employee Reservation Portion' was 2,40,016. The under subscribed portion of 35,448 equity shares has been spilled over to QIB, Retail and Non Institutional category in the ratio of 50:35:15.
The Retail portion was subscribed 1.97 times. Overall, 2,54,907 applications for 15,73,62,324 equity shares were found valid and were considered for allotment on a proportionate basis. The number of shares allotted in this category was 8,02,88,364 (including a spill-over of 41,,107 equity shares from the Employee and Non Institutional Investor category) to 2,49,334 applicants.
The 'Non-Institutional Portion' was subscribed to the extent of 1.08 times. Overall, 176 applications for 3,43,27,300 equity shares were found valid and were allotted. The under portion of 64,382 equity shares has been spilled over to Retail and QIB category in the ratio of 35:50.

The 'QIB Portion' was subscribed to the extent of 6.92 times. Overall, 155 applications for 79,25,68,812 equity shares were found Valid and the quantum of Equity Shares Allotted in this category was 11,46,97,660 (including a spill-over of 58,723 equity shares from the employee and Non Institutional Investor category).
PFC shares at the BSE are being traded at Rs.201.95, up by 0.32 per cent from the previous close.

Power Finance Corporation (PFC) FPO ALLOTMENT STATUS 25-05-11

Power Finance Corporation FPO ALLOTMENT STATUS WILL GET FROM BELOW LINK 
(Already announce)

http://mis.karvycomputershare.com/ipo/

TODAY (26-05-11) EVENING U WILL GET CREDIT POWER FINANCE FPO IN YOUR DP ACCOUNT
For KARVY Main Page Below Link...
http://karisma.karvy.com/html/index2.htm

Timbor Home Ltd IPO Details:

Timbor Home Ltd IPO Details:


InformationValue
Open Date30-May-2011
Close Date02-Jun-2011
Allotment Date13-Jun-2011
Refund Date14-Jun-2011
Listing DateNA
Issue PriceRs. - Rs.
Isuue Type100% Book Building Issue
Issue Size36,90,000 Equity Shares of Rs. 10
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerCorporate Strategic Allianz Limited
RegistrarPurva Sharegistry India Private Limited
Registrar Emailbusicomp@vsnl.com
Registrar Websitewww.purvashare.com/

ONGC FPO Details:

ONGC FPO Details:


InformationValue
Open Date05-Jul-2011
Close Date08-Jul-2011
Allotment DateNA
Refund DateNA
Listing DateNA
Issue PriceNA
Isuue Type100% Book Building Issue
Issue SizeNA
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerNA
RegistrarNA
Registrar EmailNA
Registrar WebsiteNA
Registrar PhoneNA
Application MultipleNA
Cheque in Favour ofNA
Listing OpenNA
Listing CloseNA
Listing HighNA
Listing LowNA

SAIL FPO Details:

SAIL FPO  Details:


InformationValue
Open Date13-Jun-2011
Close Date17-Jun-2011
Allotment DateNA
Refund DateNA
Listing DateNA
Issue PriceNA
Isuue Type100% Book Building Issue
Issue SizeNA
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerNA
RegistrarNA
Registrar EmailNA
Registrar WebsiteNA
Registrar PhoneNA
Application MultipleNA
Cheque in Favour ofNA
Listing OpenNA
Listing CloseNA
Listing HighNA
Listing LowNA

Monday, 23 May 2011

Timbor Home Ltd Details:


Open Date30-May-2011
Close Date02-Jun-2011
Allotment Date13-Jun-2011
Refund Date14-Jun-2011
Listing DateNA
Issue PriceRs. - Rs.
Isuue Type100% Book Building Issue
Issue Size36,90,000 Equity Shares of Rs. 10
Lot SizeNA
Max Amount for Retail Investor200000
Listing OnBSE,NSE
Lead ManagerCorporate Strategic Allianz Limited
RegistrarPurva Sharegistry India Private Limited
Registrar Emailbusicomp@vsnl.com
Registrar Websitewww.purvashare.com/

Suspected dummy IPO subscriptions under Sebi probe

21 May 2011
After receiving complaints against Vaswani Indutries to manipulate regulation while listinf for an initial public offering (IPO), The Securities and Exchange Board of India (Sebi) has grown out to be more vigilant while permitting listing permission to the companies. Sebi also has fear that maximum of the companies are dummy and have register themselves on behalf of big companies.

Sebi has already put halt to the listing of Vasvani Industries and have asked the stock exchange to withhold till further instruction. The company that had planned to raise Rs 50 crore through IPO offered 10 million shares at a price band of Rs 45-49. The price was fixes at Rs 49 by the book running lead manager Ashika Capital. Investigating about the issue, around 3,000 retail applicants were made to withdraw their application, while several others were disqualified because of stop-payment cheques. Among the applicant who withdrew their application was Galaxy Surfactants who withdrew application because of poor investor response. The company had a plan of mobilizing about RS 200 crore at the price band of Rs 325-340. Vaswani industries, after the withdrawal of lists by many companies, assigned 75 per cent of the shares bid by the retail investors at 25 per cent when the bidding was closed.

Supporting the Sebi’s fear, the experts have big companies are still using dummy retail investors in order to create an artificial demand for small IPOs. Gujarat-based operators ‘Barter’ and ‘Rangeela’ and Mumbai's ‘NS’ are example of such companies who are suspected for IPO manipulation by striking a pre-IPO del with the promoters and creating a large number of dummies. They are thus currently under the Sebi scan. However, in case of small IPO, the situation gets reversed where the institution stays away, while the only few retail and high net worth investor put the subscription.

Shilpy Cable down 68 per cent from its issue price, Servalakshmi Paper down 50 per cent, Innoventive Industries down 28 per cent, Paramount Print down 27.4 per cent, Future Ventures down 18.5 per cent and Muthoot Finance is down 11 per cent from the IPO price, as per the IPO listed for current financial year. However, Among last year’s IPOs, Gyscoal Alloys, Sea TV Networks, Tirupati Inks, Aster Silicate, Cantabil Retail, Commercial Engineers & Body, Tarapur Transformers, Microsec Financial, BS Transcomm and Midfield Industries are among the top losers in percentage terms

Steel Authority of India Ltd (SAIL) FPO (SAIL FPO) Jun 13, 2011 - Jun 17, 2011

Issue Detail:
  »»  Issue Open: Jun 13, 2011 - Jun 17, 2011
  »»  Issue Type: 100% Book Built Issue FPO
  »»  Issue Size: Equity Shares of Rs. 10
  »»  Issue Size: Rs. [.] Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. - Rs. Per Equity Share
  »»  Market Lot:
  »»  Minimum Order Quantity:
  »»  Listing At: BSE, NSE

Incorporated in 1950, Steel Authority of India Limited (SAIL) is the leading steel-making company in India. It is a fully integrated iron and steel maker company, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets. SAIL is also among the five Maharatnas of the country's Central Public Sector Enterprises.
SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structural, railway products, plates, bars and rods, stainless steel and other alloy steels. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country. Mainly SAIL's customers are Government agencies, large industrial concerns, international oil companies and public sector undertakings.

listings stocks over IPO price as well as the listing date, high, low, last price along with volume.

Aanjaneya Lifecare Ltd IPO Expected Listing on 27-05-2011

Aanjaneya Lifecare Ltd IPO Expected Listing on 27-05-2011

Sanghvi Forging & Engineering got listed on the NSE at a premium of over 3 percent closed at Rs. 110/- (30% Gain)

Shares of Sanghvi Forging & Engineering got listed on the NSE at a premium of over 3 percent vis-a-vis their issue price of Rs 85 apiece.

Shares of the company opened at Rs 88 apiece, reflecting a jump of 3.52 percent over the issue price on the National Stock Exchange (NSE). Later, the stock was trading at Rs 110.00 apiece, up 29.50 percent from the issue price

In terms of volume, over one crore shares of the company changed hands on the bourses in early trade.

The company had entered the capital market through a Rs 36.9 crore initial public offer with a price band of Rs 80-85 per share.

Sanghvi Forging And Engineering Ltd Basis of allotment Allotment to Retail Individual Investors, including ASBA applications (After Technical Rejections)

Sanghvi Forging & Engineering Limited IPO got oversubscribed by 1.30 times ( 2.93 times in Retail Individual Investors (RIIs) Buyers Category ). The IPO was open on 4th May 2011 and got closed on 9th May 2011. The price band for the issue was Rs 80 at lower level and Rs 85 at upper level. The shares are issued at Rs 85, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 2.93 times. People who had applied for 140 or more shares in the retail segment were given firm allotment of 103 shares or more. People who had applied for the max lot i.e. 2310 shares were given 1697 shares in retail segment

Vaswani Industries Latest updates

Call for caution


Vaswani Industries, saw some investors from Gujarat making complaints about the basis of allotment to Securities and Exchange Board of India (SEBI) and saw the listing being stalled. This issue throws up some interesting thoughts on how small cap and midcap IPOs are subscribed. There is an active grey market active in such shares and an informal buyback is also in place. Issues, which receive zero or are undersubscribed by Qualified Institutional Bidders(QIBs) see huge subscription from HNIs (High Networth Individuals) and retail investors.

The people who invest in such issues sell on day one. In the past one finds that between 65-85 per cent of the IPO size changes hands on day of listing. Vaswani Industries was no exception and saw subscription from retail and HNIs. There was some withdrawals and the allotment per applicant increased which is reason for discomfort.