Category: India IPO Reviews and Updates

Mahindra Holidays and Resorts Ltd is India’s largest holiday timeshare company enjoying a market share of over 70% in the industry. The company currently has 27 resorts, with 1261 apartments / cottages and over 96,000 members. MRHL, with a highly respected promoter group, excellent execution of projects and a track record of delivering an apparently good holiday experience to members,
is the strongest player in the timeshare industry in India. (more…)

We have just received confirmation that Mahindra Holidays has fixed IPO price band for its forthcoming IPO at Rs 275-325 / share. The size of the issue will be Rs 301 crore at the upper end of the price band and Rs 255 crore at the lower end of the band.
The IPO will open for subscription on June-23rd and will close on June-26th. (more…)

Riding on its ambitious plan of disvestment of PSUs, the coal ministry is toying with a proposal to disinvest 5-10% stake in navratna PSU Coal India in order to pave the way for listing of the coal giant on the bourses. The coal ministry has informed the finance minister about the development. CIL shares would be allotted to people whose land is acquired for mining purposes and also to the employees of the company.

For the purpose of divestment, the coal ministry is required to introduce a bill to amend the Coal Mines Nationalisation Act in order to facilitate divesting of government’s equity in the company for listing of the entity. (more…)

In a bid to make a level playing field in favour of retail investors, the Securities and Exchange Board of India (SEBI) has finally geared to make full payments upfront mandatory for qualified institutional investors (QIPs) when they apply for shares in initial public offers (IPOs). On the other hand, retail investors are required to pay the full amount with their applications. As of now, QIPs are required to pay only 10% of the amount required for the shares for which they apply upfront.

SEBI has focused on a better price discovery since retail investors are inclined to be influenced by QIP participation. The proposal was on the back seat for a year due to the crunch in the IPO market. (more…)

EdServ Softsystems, an e-learning company, which has tapped the capital market to raise up to Rs 24 crore through an initial public offer (IPO), has not been able to get the support of investors. The IPO has received mere 11,600 bids compared to the issue size of 39.73 lakh shares that are on offer.

The IPO, which opened on February 5, is slated to close today. In view of the poor response, the company will have to choose between the two options – either to extend the issue or to suspend it. (more…)

Gemini Engi-Fab is engaged in manufacturing and salvaging of process equipments through fabrication for various process industries namely, cement, dairy, refinery, pharmaceutical, petrochemical, power and chemical.

Gemini Engi-Fab is set to tap the capital with its initial public offering (IPO) of 55 lakh equity shares of Rs 10 each for cash. The proposed issue represents 46.40% of the fully-diluted post issue paid-up capital of the company.

The IPO will open for subscription on February 3, 2009 and will close on February 6. The issue will take the book-building route with a price band of (more…)