Category: India IPO Reviews and Updates

Here is the Tentative List of companies going for IPO in June-2008. IPO reviews will be posted here if it is worth to invest in.

Name of the company, Issue Size[Rs crore] and Expected Date of Issue.

Sejal Architectural Glass Limited 9-Jun-08
Avon Weighing Systems Ltd 105.73 9-Jun-08
First Winner Industries Limited 10.00 9-Jun-08
Archidply Industries Limited 65.00 11-Jun-08
Lotus Eye Care Hospital Ltd 2nd week of June
KSK Energy Venture Ltd 1000.00 2nd week of June (more…)

Aishwarya Telecom stock debuted at Rs 50.10 on BSE, a premium of 43.14% over its issue price of Rs 35. The stock hit a high of Rs 76.90 and a low of Rs 50.10 so far during the day.

Aishwarya Telecom had fixed the issue price at Rs 35 per equity share for its with initial public offering of 40 lakh shares. The initial public offer of Aishwarya Telecom was subscribed around 20 times. (more…)

Here is the list of IPOs that are waiting to raise money from the primary Markets in India [PDF]. Almost all the promoters are waiting for the market to look up so that they can command heavy premium 🙂

More than 50% of the IPOs that raised money in the past 12 months are quoting below their issue price.

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IPOs in India dried up all of a sudden. Adding to the woes of promoters is poor Industrial Production numbers which led to a massive sell-off on the exchanges. Our IPO Analyst decided to track the performance of folks who have raised money in 2007. Out of the approximately 95 companies that raised money from Retail Investors in India by IPO, 60% are quoting below their issue price.

Remember, these are the same issues where retailers flocked by looking at FII subscription. However, FIIs have also turned speculators in the primary market and have sold aggressively.

Below is the list which our analyst has provided.

Sl. No, Company Name, Last Traded Price, Issue Price, Premium/Discount
1 Broadcast Initiatives Limited 30.5 120 -75%
2 House of Pearl Fashions Limited 164.5 550 -70%
3 IVR Prime Urban Developers Limited 196.8 550 -64% (more…)

Gammon India Ltd, the flagship company of the Gammon Group, is among the leading construction companies in India and also the company which built the Hyderabad Flyover that collapsed 🙂 [Gamoon Infra]GIPL has 14 projects under its asset portfolio. The projects are fairly diverse spreading across roads, bridges, ports, hydro power projects and biomass power projects. The company is fairly small and hence seeing good growth rates. However, in construction we need scale and size matters. (more…)

The basis of allotment of Rural Electrification Corporation – REC is out. All retail applications for Rs 94,500 / 900 shares have been alloted 900 shares. We had a subscribe recommendation for REC IPO. The stock is expected to be listed in the week of March-17th. See the complete basis of allotment here. (more…)