Indian Equity Research and Investment Strategy
Just a while ago allotment for Retail Section of Investors in the Reliance Power Ltd IPO was completed. We have obtained the basis of allotment of Rel Power for your reference.
All applications for more than 195 shares have got firm allotment of 15 shares. Here is the complete breakdown of allotment (more…)
Kishore Biyani’s Future Capital Holdings saw a modest gain of 12% on listing. The current price of Rs 866 discounts its year ended March 2007 EPS of Rs 0.60, by a PE multiple of 1443.
Future Capital Holdings (FCH) had priced its IPO at Rs 765, at the top end of the Rs 700 to Rs 765 price band. At the IPO price of Rs 765, the issue was priced 1275 times its year ended March 2007 EPS of Rs 0.60 (based on consolidated financial performance).
The company’s IPO was subscribed a huge 133.44 times. The qualified institutional buyers (QIBs) portion was subscribed 180.72 times, the non-institutional investors portion 84.38 times and the retail investors portion 55.21 times.