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Hanung Toys, Accel FrontLine, DCB, Global Vectra – IPO Subscription Details

October 7, 20061 min read

Find details of the IPO subscriptions for the following companies that closed on Oct-06-2006. According to SEBI, a Retail Individual Investor is one who applies for less than Rs100,000 worth of shares. However, for applying for over Rs50,000 you need to quote your Income Tax PAN Number.

Hanung Toys and Textiles limited IPO Subscription Details
Total Issue Size 9500000
Total Bids Received 41030100
Total Bids Received at Cut-off Price 9055380
No. of times issue is subscribed 4.32
Retail Individual Investors (RIIs) 4.7982

Accel FrontLine limited IPO Subscription Details
Total Issue Size 5635950
Total Bids Received 13759970
Total Bids Received at Cut-off Price 7804370
No. of times issue is subscribed 2.44
Retail Individual Investors (RIIs) 4.2150

DCB IPO – Development Credit bank of india IPO Subscription Details
Total Issue Size 71500000
Total Bids Received 2551212500
Total Bids Received at Cut-off Price 355016750
No. of times issue is subscribed 35.68 times
Retail Individual Investors (RIIs) 15.3059 times

Global Vectra IPO Subscription Details
Total Issue Size 3500000
Total Bids Received 12575130
Total Bids Received at Cut-off Price 1201920
No. of times issue is subscribed 3.59
Retail Individual Investors (RIIs) 1.1073 times

Disclosure: I have not applied for any of these issues.

IPO India , DCB IPO , Indian Stocks , India Primary Market

Economy, Markets and Macro Views

Indian IT Q2 Expectations.

October 6, 20061 min read

The Indian IT industry is expected to announce a rock solid quarter for Q2. Infosys results are expected on 11-OCT-2006. IT companies are expected to grow 8.8% QoQ and analysts at JP Morgan have set some high expectations from Infosys, 11% QoQ.

CLSA has outperform on Infosys and Wipro and underperform on the rest(Satyam, TCS, HCL Technologies). Read CLSA report here. [PDF] I personally believe Satyam and HCL-Technologies are undervalued compared to their peers. Both the companies should decisively cross $1 Billion in sales this financial year, critical figure required to bid for large IT contracts. Satyam and HCL-Tech hopefully will get re-rated very soon. Accumulate on every decline.

Disclosure: I am a small investor and hold both Satyam and HCL-Technologies.

Economy, Markets and Macro Views

Update – SEZs in China and India

October 6, 20061 min read

Should India follow the Chinese Business Model for SEZs ? Here is an excellent comparison of how SEZs in China have transformed the Chinese economy. The SEZs location, proximity to Hong Kong and Taiwan was itself a blessing in disguise.

Mutual Funds Review

NFO – DSP Merrill Lynch Small and MidCap Fund

October 6, 20061 min read

New Fund Offering: DSP Merrill Lynch, Small and MidCap Fund.

Investment Pattern: 65% to 100% of the portfolio will be concentrated in equity and equity related instruments that are not part of the top 100 stocks by way of market capitalization. That does not mean that the fund will not invest in the top 100 stocks. But not more than 35 per cent of the total portfolio value.

Fund Manager: Soumendra Nath Lahiri

Min Amount: Rs5,000. SIPs accepted after initial offer

Issue closes on 16-OCT-2006.

DalalStreet.Biz Recommendation: Avoid subscribing in NFO as the markets currently at 12,500 look somewhat over valued to enter.

India IPO Reviews and Updates

DCB IPO

October 5, 20061 min read

The IPO of Development Credit Bank is open for subscription. I am personally avoiding the issue as it is a loss making bank and I feel many PSU banks are worthy to BUY in secondary market rather than applying for DCB IPO.

Thanks.

Economy, Markets and Macro Views

Stock Tipping a Mini-Scandal on MoneyControl.Com

October 4, 20061 min read

Not too long ago, I had questioned the behavior of S P Tulsian and the TV channel pampering and beaming his sick advise, CNBC-TV 18.

SEBI has unearthed a Mini-Scandal involving Mathew Easow’s stock tipping on MoneyControl(CNBC TV18 group company).

Modus Operandi of Matthew Easow:
Matthew Easow would buy stocks a week to 10 days in advance and then come out on CNBC’s MoneyControl and give a BUY recommendation and when you small investors would BUY, he would SELL. In case of Kalpana Industries Ltd, Matthew had accumulated the stock from 02-09-2006 and then gave a BUY recommendation on the tainted MoneyControl on 13-09-2006 and on the very same day he sold 13,500 shares even before the target price he mentioned was achieved. Other stocks in this mini scandal are, Albert David , Alhcon Parent and CESC Limited.

SEBI investigated the entire issue and fined rs20 Lakhs on Matthew Easow. Read the entire findings of SEBI here. I have lost respect for CNBC TV 18 and it’s group company MoneyControl for focusing shady brokers and researchers like Matthew.

Small investors, kindly stick to good and fundamental investing values. AVOID StockTips.

Indian Stocks ,
Mini Scandal ,
Indian Investor ,
CNBC India

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