Kalamandir Sai Silk IPO

Kalamandir is coming up with IPO. This is first from any saree retailer.

Issue Open: Feb 11, 2013 - Feb 13, 2013
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 89.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 70 - Rs. 75 Per Equity Share
Market Lot: 200 Shares
Minimum Order Quantity: 200 Shares
Listing At: BSE, NSE

This is the first IPO with the 'safety net' scheme introduced by SEBI, the investor is safe. 
 Kalamandir's has goodwill and impresive credential.

Very good analysis by Dilip Davda

http://www.chittorgarh.com/ipo/ipo_review.asp?a=110

SJVN subscribed 1.83 times

The Initial Public Offering (IPO) of SJVN Limited which opened for subscription on April 29, 2010 will be closed today on Monday - May 3, 2010.


The IPO has received subscription of 1.83 times with total bids for 758380250 equity shares against the offer of 415000000 equity shares.

Goenka Diamond & Jewels Limited IPO

Goenka Diamond & Jewels Limited is entering the capital markets with an initial public offering (IPO) of 10,000,000 equity shares of face value of Rs.10 each with a price band of Rs. 135- 145 per share. The Company is looking to raise in excess Rs. 1.35 bn through this issue. The issue shall constitute 30.93% of the fully diluted post issue paid up capital of the Company.

The issue appears attractive with an annualized FY10 P/E of 6.9x compared to an average of 15.7x for its peers (Shrenuj, Asian Star, Renaissance, Rajesh Exports and Gitanjali).

It has enjoyed a superior ROE (FY09) of over 46% compared to a peers’ average of 10%-18%.

I think we should go ahead and subscribe to the issue.

Irrational Exeburance in Primary Markets (IPO)

 Primary market is back in boom after lying low for quite some time. Other than PSU FPO or IPO. Private sector IPOs are getting subscribed more than 50-100 times. QIBs and NIIs are subscribing almost more that 100 times.

Is there a strong appetite or it is a signal that a bubble formation has started and its time to exit. Only coming time will tell whats the truth.

REC FPO though just managed to subscribed has given substantial gain from Rs 203 FPO price and current price of Rs 255. Retail got full allotment on 1 lac because of low response and are sitting on a healthy profit of Rs 25000.

NMDC is also around Rs 350 and retail is going to get at Rs 285 with gaurantee of almost full allotment.

Other IPOs are getting subscribed 40-50 times and getting allotment is almost luck or you might be lucky to get 1 lot which doesn't make much profit.

I think now is the time to think which company offers good long term benefits and go for it even though the IPO/FPO might not be getting subscribed. If your conviction is correct then you can make huge amount of money.

Lets see how the coming IPOs fare. Here are few which must be watched

#NMDC
# IL&FS Transportation Networks Limited
# PRADIP OVERSEAS LIMITED
# PERSISTENT SYSTEMS LIMITED
# SHREE GANESH JEWELLERY HOUSE LIMITED

NTPC FPO : 5th Feb Last day tomorrow

NTPC Limited (NTPC), India’s largest power generation company, has come out with a follow-on public offer (FPO) of 412,273,220 equity shares of Rs. 10 each at a floor price of Rs. 201 per share which is at a discount of ~Rs. 5 to the ruling market price, with the Government of India looking to raise in excess of Rs. 82.87 bn by divesting 5% of its stake in the company.




NTPC is the best defensive play in the Indian power sector considering its position of market leadership, strong balance sheet, high credit rating, efficient operational capabilities and stable cash flows. At the floor price of Rs. 201 for the issue stock appears to be at discount.


I think we should go ahead and subscribe to this issue.

IPO Allotment Status

Check IPO Allotment Status Here for Karvy

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Check IPO Allotment Status Here for Linkintime

Jubilant Foodworks IPO subscribed 30.68 times

Current IPOs
# Vascon Engineers
# Syncom Healthcare
# Thangamayil IPO
# Aqua Logistics IPO
# NTPC Limited FPO

Current IPO

Avoid Infinte Solutions IPO.

Subscribe to forthcoming Jubilant foods

OIL India IPO : Invest or Avoid

OIL India is country's second largest oil producer after ONGC. Crisil has graded the IPO 4/5 which is above average. Please note that Adani and NHPC were 3/5.

Issue Opens  --September 07, 2009
Issue Closes --September 10, 2009
Issue Type   --100% Book Building
Issue Size  --26,449,982 equity shares
Price Band --Rs. 950- Rs 1050
Face Value --Rs. 10.00
Lot Size --6 shares

On the BID Closing Date i.e. September 10, 2009 the BIDs would be accepted till 03:00 p.m. Only.


OIL India IPO is not aggresively priced and is available at PE of around 10-11.

So we can expect some initial gains from the IPO but over the long term OIL India doesn't look promising.

Some of the key risks to its business are :-

1. Since it is PSU it is sharing the burden of subsidies. If the OIL prices increases a lot then share of burden will also increase and profits will always depends on the vagaries of the crude prices and govt policies.

2. 95% of the oil and gas comes from North East states which is sensitive zones based on environment and conflicts in the region.

3. Most of the wells are old so the output in the future will steadily decrease from these basins.

4. It doesn't have any significant acreage to increase its production capacity beyond North-East and hence profits.

5. It is fighting lot of court cases on environmental issues.

6. Apart from ONGC now it faces still competition from lot of other private players who have entered Exploration and extraction business like RIL,Cairn, British Petroleum, Niko resource etc.

So I think that though from IPO perspective this stock might be good, for long term probably it can given steady return in terms of dividend(being PSU) and small increase in stock price. This can't be termed as multibaggar or high growth stock.

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Adani IPO allotment subscription

Adani IPO allotment has come out after NHPC IPO closes for subscription.

Check your IPO allotment status in the next post.

NHPC Oversubscribed 23.73 Times : IPO Closes

Here is the final status of the NHPC IPO

Total Issue Size	1677374015
Total Bids Received	39811363550
Total Bids Received at Cut-off Price	1792735000
No. of times issue is subscribed	23.73

NHPC IPO SUBSCRIPTION : CLOSES TOMORROW

NHPC IPO is going to close tomorrow. It is already subscribed 6.16 times.

Retail Investors have over subscribed 1.2 times till now.

Adani IPO Subscription 21.59 times

As of 31st July 2009 6pm

Total Issue Size 248794681

Total Bids Received 5372236220

Total Bids Received at Cut-off Price 232503635

No. of times issue is subscribed 21.59

Primary Market : Adani Power IPO and NHPC IPO

Primary Market is buzzing again with large IPOs back after a long slumber.

Adani Power IPO closed today with 18.23 times subscribed till yesterday 5:00 pm

IPO price band of 90-100 is hoping to give premium of 10-12 rupees.

QIBs have shown strong interest with 12 times subscription. Retail participation was only .55 times but latest day will be coming after sometime.

NHPC has price band of 30-36 and grey market premium is ging around 10-12 so good money can be made here. Lot size is 175 shares.

Both the IPOs are Grade 3 ratings