Category: India IPO Reviews and Updates

Religare enterprises Ltd is promoted promoted by Mr. Shivinder Singh and Mr. Malvinder Singh of the Ranbaxy Group. It is a financial services company offering financial products to retail, HNI, corporate and institutional clients.

REL’s business is divided into 3 broad spectrums – Retail, Wealth and Institutional. A pan India presence – 1,217 business locations, 392 towns – give it advantage to scale up operations, explore new distribution opportunities and increase client reach. In order to support its increased network (more…)

India’s leading credit rating agency, CRISIL has assigned a CRISIL IPO Grade “4/5” (pronounced ‘four on five’) to the proposed initial public offer of Edelweiss Capital Ltd. This grade indicates that the fundamentals of the issue are above average, relative to other listed equity securities in India.

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Supreme Infrastructure India, an infrastructure development company primarily engaged in civil construction activities, has listed at Rs 187.50, a premium of 73.61% premium over its offer price of Rs 108 on the NSE.

You can now check the allotment status of Maytas Infra IPO.

You can also read about the Reliance Power IPO ir-regularities by promoter family, Anil Ambani.

With the primary market extremely vibrant and encouraging, 100s of companies have lined up in front of the SEBI for approval to raise money.

Some of the forthcoming big ticket IPOs (more…)

Power Grid India which created history for generating the highest demand during its IPO in the history of Indian Capital market had a very electrifying debut on the bourses today. The stock listed at a premium of 70% and is currently traded at Rs 106 or up by 104%.

Power Grid Corporation of India owns and operates most of India’s interstate and inter-regional electric power transmission system. In that capacity, as at June 30, 2007 the company owned and operated 61,875 circuit kilometres of electrical transmission lines and 106 electrical substations. In fiscal 2007, it transmitted approximately 298 billion units of electricity, representing approximately 45% of all the power generated in India.

Congratulations to all the retail investors. The Power sector has been re-rated along with Energy stocks. Book Partial profits and hold this stock for Long Term.

Our IPO analyst has learnt that SEBI has recommended a Dutch Auction process for IPOs. Google went IPO in this route. The move is to discourage small investors to make a profit on listing.

The government had discussed the proposal with SEBI after which the panel was entrusted with the task. According to one model being considered by the committee, qualified institutional buyers (more…)