Category: India IPO Reviews and Updates

The government has fixed the price band for the much hyped initial public offer (IPO) of Oil India at Rs 950-1,050 a share. The price band was fixed by a Group of Ministers headed by Finance Minister Pranab Mukherjee.

The IPO of the Oil India will be the second state-run firm to hit the market this year after NHPC and likely to raise Rs 4,507- Rs 4,982 crore from the issue of which Government would earn Rs 1,995-Rs 2,205 crore and the company would get Rs 2,512 to Rs 2,777 crore respectively. (more…)

The Bombay Stock Exchange (BSE) has launched the new index series – BSE IPO index on August 24, 2009.

The intention behind the launch of index is to track the current primary market conditions in the Indian capital market and measure the growth in investor’s wealth within a period of two years after listing of a company subsequent to successful completion of initial public offering (IPO). (more…)

CRISIL has assigned “4/5” (four on five) rating to the proposed initial public offer (IPO) of Oil India Ltd. OIL is a Mini Ratna public sector undertaking. This grade indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor. (more…)

Small Indian Investors also known as retailers have come out in a big way and embraced the Clean and Green Energy IPO of NHPC Ltd. NHPC was asking for Rs 6100 cr and Retail Indian investors by themselves could have subscribed to the issue in FULL as they have bid for a whopping Rs 6835 cr. Compare this to mere Rs 2608 cr bids for Adani Power by Indian Retailers. (more…)

The management of Adani Power has released the Basis of Allotment just minutes ago and our reporters are in receipt of a copy. All applications above 195 shares have been given firm allotment 🙂

Applications for 975 shares have received 368 shares. The chart is as below (more…)

NHPC is India’s largest hydro power company. NHPC has experience of developing and executing hydroelectric projects. The company has managed the development and implementation of 13 hydroelectric projects, including two through its subsidiary, NHDC. NHPC has 5,175MW of existing generation capacity and is likely to almost double this over the next 4-5 years. This is totally CLEAN and Green Energy which will help the company earn carbon credits some time later. In FY2009, the company derived Rs3,436.22 crore or 84.81% of its (more…)