Category: India IPO Reviews and Updates

Emaar MGF Ltd [EML] is a JV between Dubai based Emaar Properties and MGF Realty Developers from Delhi. The JV commenced its operations in India in February 2005. Its primary business is the development of properties in the residential, commercial, retail and hospitality sectors. In addition, it has also identified health care, education and infrastructure as business lines for future growth.

In residential space (318.8 msf of residential & 136.5 msf of plots) its main focus is on developing & selling integrated master planned communities in mid to luxury segment. In commercial space (88.9 msf), it is focused on developing, selling and leasing office and SEZ properties. In retail space (18 msf), it is focused on developing sale or lease shopping centres within its integrated master planned communities & on a stand-alone basis, large regional destination malls and luxury retail space at its luxury hotel developments. (more…)

Just a while ago allotment for Retail Section of Investors in the Reliance Power Ltd IPO was completed. We have obtained the basis of allotment of Rel Power for your reference.

All applications for more than 195 shares have got firm allotment of 15 shares. Here is the complete breakdown of allotment (more…)

The Basis of Allotment of Future Capital Holdings IPO is as below.

KNR Construction (KNR) designs, engineers, constructs and maintains roads. The company diversified into construction of irrigation and urban water supply projects in 2005. The execution of infrastructure projects requires significant amount of technical expertise and skill. Pre-qualification for bidding of such projects is often based on past experience of execution is not a problem though it can’t bid for mega construction projects which require minimum net worth criteria. (more…)

Bang Overseas Limited (BOL) is engaged in the manufacturing of fashion fabrics and meeting ready to wear requirements of its customers in the apparel, textile, and retail segment. The Company proposes to utilize the issue proceeds to augment its apparel manufacturing capacity and strengthen the distribution network. Post expansion, the manufacturing capacity will increase to 19.8 mn pieces p.a. and the number of retail outlets to 100.

BOL had negative cash flows in the past, owing to a high average debtors cycle and an unreasonable average inventory days. (more…)

Our Analyst tracking the IPO market has done an excellent job by maintaining a spreadsheet of all the IPOs which were backed by Private Equity and Venture Capital players.

Other than Genpact [Indian company but IPO was in the US] all the following companies were funded by either PE or VC or Both.

Edelweiss Capital:
Edelweiss had raised $50 million via a pre-IPO placement in July from Sequoia Capital India, Lehman Brothers, Galleon Partners and Shuaa Capital. GIC and Galleon Partners have been investing into the company since 2006. Greater Pacific Capital’s investment in October 2005 provided exit for a prior investor Connect Capital. Americorp is another early investor in Edelweiss. (more…)