Category: India IPO Reviews and Updates

Pipavav Shipyard Ltd – PSL is setting up the country’s largest state-of-the-art private sector shipyard in Gujarat for construction and repairs of a range of vessels. The total amount to be invested in the yard stands at Rs25bn, of which Rs19.8bn has already been invested.

PSL is jointly promoted by Nikhil / Bhavesh Gandhi and Punj Lloyd Group.

Current IPO Details:
Face Value – Rs 10
Price Band – Rs 55 to Rs 60
Retail – 25,455,068 Equity Shares available for allocation

Reasons to Avoid Investing in Pipavav Shiyard IPO: (more…)

Keeping its agenda of disinvestment rolling on, the government is in full speed to finalise stake sale proposals. After power major NHPC and petroleum PSU OIL, the government is now getting ready the plans to dilute 5% stake in the power PSU NTPC. Current holding of the government in the company stands at 89.5% and its plans to bring the same down to 84.5%.

The power ministry is understood to have already completed the formalities relating to due diligence procedures and (more…)

I am not sure of the Greedy Government offering anything on the table to IPO investors. However, an article in the Economic Times dated Sept-02 by Nishanth Vasudevan speculates that Government is planning to offer discount to Retail Individual Bidders. Here is what he has to say, (more…)

Since we are the pioneers in giving good recommendations for IPOs backed by thorough Research, here is how OIL India IPO subscription will look like.

Retailers have an appetite of ~ 6500 cr for IPO market. OIl India Retail portion is Rs 750 cr at the upper band. So OIL India’s Retail Portion of the IPO is likely to subscribe by 8 to 10 times. All Applications of Rs 94500 bidding for 90 shares are likely (more…)

Oil India Limited engages in the exploration, production, and transportation of crude oil and natural gas onshore in India and internationally. It is India’s second-biggest state-run oil producer after ONGC.

Business Profile:
The company involves in the exploration of crude oil and natural gas in Gabon, Iran, Libya, and Nigeria, as well as exploration blocks in Yemen as part of a consortium. In addition, it offers pipeline construction and related services to third parties, including pipeline construction, pipeline cathodic protection services, and other specialized pipeline services, such as hot tapping and line tracking.

Government Disinvestment:
Post-IPO and disinvestment, the government’s stake in the company will decrease from 98.13 per cent to 78.5 per cent. The government has fixed the price band for the (more…)

In a fax message just received from our analyst in Mumbai, NHPC has finalized the allotment for retail individual Indian investors.

All applications for 2625 shares have been allotted 713 on a firm basis. Anybody bidding for more than 700 shares have secured firm allotment in the MiniRatna. Here is the complete basis of allotment chart the to be published (more…)