Indian Equity Research and Investment Strategy
The allotment status and Grey Market Premium of the following IPOs are now available online.
Religare is expected to list at a premium of Rs 300 tomorrow [21st]. Also have you noticed that Indiainfoline, Motilal Oswal and Geojit Financial Services have shot up considerably in the past one week ?
The IPO allotment status of Allied Computers International IPO – ACI can now be chekced online here.
Kindly note that poor Web Developers of Big Share have mis-configured the IIS and hence the stupid system is asking for login and password. Good News, the Grey Market Premium has suddenly shot up to Rs 15 today for Allied Computers.
GAIL India has received appreciation from K S Ramasubban, secretary (CVC) for its innovative initiatives undertaken for transparency and corporate governance today. The company provides a role model for e-business by leveraging technology like e-payment, e-banking, e-tendering, e-ledger, e-invoicing in its business dealings.
The complaint system is one of the latest e-initiatives in Customer Relationship Management (CRM) of the company which has been in the forefront of launching e-systems for ensuring consumer satisfaction and transparency in dealings. The company has signed MOU with Transparency international India and independent external monitors have been appointed in consultation with the CVC. The company has taken a number of initiatives for e-business, bill watch system, file movement system for fast decision making, customer relation management, customer grievance redressal system, alarm activation and ERP applications.
The allotment status of Empee Distilleries IPO – Public Issue is now available online here. The Grey Market Premium for the same is Rs 45.
The IPO was subscribed only 2 times in retail and 8 times in Institutional category and hence the low premium for the stock.
The allotment status of Rathi Bars IPO can now be checked here. Grey market premium as on 19-11-2007 was Rs 2.
HDFC Securities is bullish on the prospects of Shree Ganesh Forgings Ltd [SGFL]. They recommend to Buy at CMP & add on declines in the price band of Rs. 95-100.
SGFL manufactures a wide range of forgings including flanges & fittings catering mainly to industries like Oil & Gas, Petrochemical & Pharmaceutical, which together account for almost 75% of the total revenues. Through the recent 100% acquisition of profitable companies viz; Hertecant (European manufacturer of flanges & fittings), & ELFE, France, SGFL’s sales & PAT could improve significantly & improve its overall global presence. SGFL is in the process of doubling its forging capacities from 11,000 MT to 22,800 MT at the existing location at Pawne, Navi Mumbai, by installing two new forging press lines of 2,500- MT press & 4,000- MT press, & an addition of 48 Automated CNC robotic machining lines, which will increase the machining capacity by 300%. (more…)