Indian Equity Research and Investment Strategy
India IPO Reviews and Updates
Here is a list of forthcoming Public Issues in the Indian Capital Market.
We have obtained the Basis of Allotment for Retail Individual Investors in the IPO of Mundra Port and SEZ Ltd. The tentative date of listing of the stock is Nov27th. Grey Market premium (more…)
The IPO Edelweiss Capital Ltd is subscribed 111 times. The Retail Portion of the IPO is subscribed approximately 17.2 times. All Retail applications will now be selected by Lottery. Here is the final Breakup of subscription. (more…)
The allotment status and Grey Market Premium of the following IPOs are now available online.
Religare is expected to list at a premium of Rs 300 tomorrow [21st]. Also have you noticed that Indiainfoline, Motilal Oswal and Geojit Financial Services have shot up considerably in the past one week ?
The IPO of Mundra Port and SEZ was oversubscribed 115 times at 21:00 HRS, IST. The Retail Individual Portion of the IPO is subscribed by 15.58 16.19 times. As I had already told, if the issue is subscribed more than 15 times then it may go for lottery, so looks like it will go for Lottery or depends on the allotment committee. Here are the final subscription figures.
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 24060000 | 3839905170 | 159.5971 |
| 2 | Non Institutional Investors | 4010000 | 627371400 | 156.4517 |
| 3 | Retail Individual Investors (RIIs) | 12030000 | 194814525 | 16.1941 |
Mundra Port and SEZ [MPSEZL] is the first of its kind of IPO in India. Mundra Port has been operational since 2001 and now it has got approvals for SEZ as well.
MPSEZL, primarily deals in providing bulk cargo services, container cargo, crude oil cargo and value-added port services, including railway services between Mundra port and Adipur.
Objects of the issue:
Construction and development of infrastructure facilities in the proposed SEZ at Mundra. 7,000mn. Construction and development of a terminal for coal and other cargo at Mundra Port. 4,500 mn. Investment in Adani Petronet (Dahej) Port (more…)