NHPC – Allotment + Application Status

In a fax message just received from our analyst in Mumbai, NHPC has finalized the allotment for retail individual Indian investors.

All applications for 2625 shares have been allotted 713 on a firm basis. Anybody bidding for more than 700 shares have secured firm allotment in the MiniRatna. Here is the complete basis of allotment chart the to be published (more…)

Changing Estimates of SENSEX Earnings – Trust Research

Since the beginning of the Year, BSE Sensex companies earnings [hence forth will be referred to as earnings] estimates has undergone a dramatic change with the SENSEX rising as well.

At the beginning, the consensus was earnings would take a dip in FY 2010. However, the tone of Analysts at various Brokerages and Research house started changing and we shall have a look at it and where it stands currently.

All Numbers below are INR Earnings for BSE 30 SENSEX Companies: (more…)

Oil India price band Rs 950- Rs1,050

The government has fixed the price band for the much hyped initial public offer (IPO) of Oil India at Rs 950-1,050 a share. The price band was fixed by a Group of Ministers headed by Finance Minister Pranab Mukherjee.

The IPO of the Oil India will be the second state-run firm to hit the market this year after NHPC and likely to raise Rs 4,507- Rs 4,982 crore from the issue of which Government would earn Rs 1,995-Rs 2,205 crore and the company would get Rs 2,512 to Rs 2,777 crore respectively. (more…)

BSE introduces IPO index

The Bombay Stock Exchange (BSE) has launched the new index series – BSE IPO index on August 24, 2009.

The intention behind the launch of index is to track the current primary market conditions in the Indian capital market and measure the growth in investor’s wealth within a period of two years after listing of a company subsequent to successful completion of initial public offering (IPO). (more…)

CIBIL Quietly Accepting Credit report Requests Directly fom Consumers

In a significant move in the history of Indian consumer finance, CIBIL, India’s first Credit Reporting Agency has started accepting requests from consumers for Credit Information report.

Until now, Consumers had the right to see their credit report through the bank which made credit inquiry. Henceforth, Customers can directly request such reports by paying a small fees of Rs 142. Looks like CIBIL has some kind of pilot project understanding with CardBhai through which the forms to request Credit Information report are made available.

This is really cool as transparncy will come to both the sides.

Engg exports slip 21% to $3.33 bn in June: EEPC

According to latest data released by Engineering Export Promotion Council (EEPC), India’s engineering exports has slipped nearly 21% to touch $3.33 billion in June 2009, as compared to $4.21 billion in the corresponding month last year owing to a slack demand from major global markets like the US and the EU.

EEPC says that engineering exporters are not hopeful of a near time recovery in demand in the international market as the trend is looking bleak. The order book is quite weak as very few exporters are getting orders from the US.

Exporters see silver lining in the large stimulus packages announced by the governments in the major markets expecting a revival in demand. In sync with the international trade situation, India’s overall exports have been on a slippage for the last ten months.