Category: India IPO Reviews and Updates

Details of the Reliance Power IPO as obtained from our sources in BRLM.

Issue opens on: January 15, 2008
Issue closes on: January 18, 2008
Price Band: Rs. 405 to Rs. 450 per equity share.

Issue Size: 130 crore equity shares of Rs.10 each, by 100% book built issue. This size is 11.5% of the total equity of 1,130 crore equity shares.

Promoters’ Contribution: 16 crore equity shares of Rs.2 each to be subscribed by the Promoters at the same price as being offered to the public. Reliance Energy Ltd. (RIL) and AAA Projects Ventures Pvt. Ltd. (AAA) being the joint promoters would be subscribing 8 crore equity shares of Rs.2, each. (more…)

The IPO of Transformers and Rectifiers India Ltd for which we have a subscribe recommendation is subscribed 91 times until 11:00 PM on the final closing day.

The retail portion of the issue is subscribed 58.61 times until 11:00 PM. The fate of all applications in retail category will be decided by lottery. The final subscription figures are as follows.

Allotment for Rs 100,000 application will be in the ratio of 1:4. Transformers and Rectifiers India [T&R India] IPO allotment status can be checked here around Dec-27th. Grey market premium is around Rs 400.

The allotment status of Jyothy Laboratories IPO is now available here.

The IPO of BGR Energy for which we have a Subscribe Recommendation is heavily subscribed until 11:00PM on the final closing day.

At 11:00 PM the Retail Individual category was subscribed 46.89 times. This means the fate of all applications of 196 shares / Rs 94080 will be decided by lottery. We will be updating as we receive fax or SMS from Mumbai.

Allotment for Rs 100,000 application will be in the ratio of 3:10. The status of BGR Energy IPO Allotment can be checked here approximately by Dec-27. The Grey Market Premium has shot up and is now at Rs 410-425.

Transformers and Rectifiers Ltd (TRL) is one of the major players in the Indian market manufacturing power generation transformers, transmission and distribution (T&D) transformers, industrial transformers and a range of specialty transformers. TRL is setting up a new plant in Moraiya, near Ahmedabad with an installed capacity of ~16,000MVA. The plant is expected to come on stream during 2008-2009. (more…)

BGR Energy Systems carries out business in two segments— Supply of systems and equipment and turnkey engineering project contracting. In the systems and equipment business, the company designs, manufactures, sells and services range of systems and equipment for power, oil and gas, refinery, petrochemical and process industries. In the turnkey engineering project contracting business, the company carries out engineering, manufacturing, procurement, construction and commissioning of projects in power and oil and gas sector. (more…)

We have just obtained the basis of allotment for Edelweiss Capital Ltd. All applications for 120 shares [Rs 100,000] have been allotted 8 shares in the ratio of 97:108. I am uploading the spreadsheet of basis of allotment for your convenience here. The Status of application can be checked here.

Also the grey market premium has jumped to Rs 720 / share.