V-Guard IPO Subscription open Feb 18

V-Guard IPO Subscription is scheduled to open on Monday, February 18, 2008:
V-Guard IPO price band has been fixed at Rs 80 to Rs 85 per share. V-Guard Industries Limited is one of the leading companies in India manufacturing electrical and electronic products. The registrar for the V-Guard IPO is Intime Spectrum while Anand Rathi Securities is the lead manager for the IPO. V-Guard IPO listing will be both on the NSE and the BSE. V-Guard IPO closes for subscription on Thursday, February 21, 2008

Rural Electrification Corp IPO Details

REC IPO will opens for subscription on Monday, February 19, 2008. Rural Electrification Corp IPO might help improve the sentiments of the IPO market which is going through a bad phase at the moment. Rural Electrification Corporation IPO price band has been fixed at Rs. Rs. 90 to Rs. 105 per share. With another recent PSU power sector IPO, Power Grid IPO, providing excellent returns for investors, the REC IPO is likely to get a good response from investors. The government of India will dilute about 19% stake in Rural Electrification Corporation (REC) through the IPO. At present 100% stake of REC is owned by the government. Rural Electrification Corporation is a mini ratna company. REC IPO Subscription closes on Friday, February 22, 2008.

SVEC Constructions IPO Price Band revised

SVEC Constructions IPO seems to be the IPO next in line to get victimised due to poor market sentiments. The IPO failed to subscribe even by 50% with the institutional investors showing a thumbs down. Institutional investors category has not even been subscribed by 1%. As of now there seems to be only one bid made in this category by a Domestic Financial Institution. Clear signs that the SVEC Constructions IPO might get cancelled as well. SVEC Constructions IPO Price Band has been lowered from Rs. 85 to Rs. 95 to Rs. 80 to Rs. 90 per share.

Emaar MGF IPO / Wockhardt IPO cancelled

Emaar MGF IPO Subscription as well as Wockhardt IPO Subscription have been cancelled. The reason for the IPO subscription being revoked, even after futile attempts to make the IPO attractive by reducing the price band, is two pronged. The most important reason is that the IPO market seemed sub dued due to the stock market crash in almost all major world markets affecting the sentiment of investors in India. This is made evident from the fact that even the Reliance Power IPO received a large number of stop payments after the IPO closed for subscription. The second reason for the Emaar MGF IPO Subscription and Wockhardt IPO failing was that promoters and lead managers had priced the IPO issues very aggressively since the IPO market in India was looking great until the time both these IPO’s opened for subscription. A fall-off due to the twin IPO failures would be the Reliance Power IPO listing which is likely to provide much lower listing gains than anticipated before. This is evident from the grey market premium of Reliance Power IPO which has been continuously going southwards for the past week or so. Emaar MGF IPO refund and Wockhardt IPO refund will be made by the fourth week of February 2008.

Cox & Kings IPO

Cox and Kings Limited is all set to tap the Indian capital markets with an IPO in the near future. Cox and Kings IPO draft red herring prospectus has been filed with SEBI last week. Once the DRHP of Cox and Kings IPO is approved by SEBI, the IPO can open for subscription anytime withing 6 months from the date of SEBI approval. If the Indian stock markets are buyoyant, then Cox and Kings IPO is likely to hit the markets in March 2008.but looking at the recent withdrawls of Emar and Wockhardt Hosp it seems unlikely C&k will come with an IPO unless market stablises

Wockhardt IPO opens 31 jan close Feb5

It seems due to the uncertainites in the market has led Wockhardt Hospital to change its mind.
Wockhhardt Hospitals has lowered the price band from to Rs225-260 from Rs280-310
This is one of the instances were the companies tries to take advantage of the bulls market.

Future Capital IPO Allotment Status

Future Capital IPO Allotment Status is out. The Future Capital IPO was heavily oversubscribed under all categories. It was over subscribed such heavly to the extent that many investors gave a stop payement as they were unsure about the allotment.

Reliance Power IPO Allotment Status

Reliance Power IPO Allotment Status is expected to be finalised by tomorrow. Reliance Power IPO Allotment will be made on the basis for investors who had applied for the maximum quantity under the Retail Investors category.
All other investors will get allotment in Reliance Power IPO on a lottery basis.

3 LAKH APPLICANTS DISQUALIFIED
43 lakh applicatns get 15 shares each
entire process to ve over in thursday
4 lakh investor applying for less than 225 shares not to get allotmenent

Globus Spirits IPO opens Feb 07

Globus Spirits IPO Subscription opens on Thursday, February 07, 2008. Globus Spirits IPO Price Band has been fixed at Rs. 140 to 160 per share of face value Rs. 10 each. SREI Capital Markets is the lead manager for the Globus Spirits IPO. Post IPO, the shares of Globus Spirits Limited will get listed on both the NSE and the BSE. Being in the fast going alcohol industry, the Globus IPO is likely to get heavily subscribed due to high subscription interest from institutional investors in the IPO. Globus Spirits IPO closes for public subscription on Tuesday, February 12, 2008.

Manjushree Extrusions IPO opens on 31 Jan

Manjushree Extrusions IPO opens on Thursday, January 31, 2008. Manjushree Extrusions IPO price band has been fixed at Rs.45 per share of face value Rs. 10 each. The shares of Manjushree Extrusions Limited are already listed and actively traded on the Indian stock markets. Manjushree Extrusions IPO will close for subscription on Wednesday, February 06, 2008.

Future Capital IPO Listing Feb 01

Future Capital IPO Listing Date has been fixed. In an announcement made with the stock exchanges, the registrar to the IPO has informed that the Future Capital IPO Listing Date has been fixed as Friday, February 01, 2008. Future Capital IPO Listing is expected at a huge premium to the IPO issue price of Future Capital Limited because of very heavy oversubscribing of the IPO. The exact listing price of Future Capital IPO will be updated here on Friday, February 01, 2008.

SVEC Constructions IPO Subscription opens Feb 04

SVEC Constructions IPO Subscription starts on Monday, February 04, 2008. SVEC Constructions IPO price band has been fixed at Rs. 85 to Rs. 95 per share. SVEC Constructions Limited is based out of Hyderabad and has a lot in common with IVRCL infrastructure. Both these companies specialise in irrigation related projects. SVEC Constructions IPO Subscription closes on Friday, February 08, 2008. The funds raised from the IPO will be used by SVEC Constructions for expansion purposes as well as regular business purposes.

Wockhardt Hospitals IPO

Wockhardt Hospitals IPO Subscription opens on Thursday, January 31, 2008. Wockhardt Hospitals IPO price band has been fixed at Rs. 280 to 310 per share. Wockhardt Hospitals is likely to emerge as the market leader since its much bigger in sheer balance sheet size when compared to Apollo Hospitals and Fortis Healthcare. Wockhardt Hospitals Limited is a part of the Wockhardt Group which already has two group companies listed and traded on the Indian stock markets. Wockhardt Hospitals IPO Subscription closes on Tuesday, February 05, 2008. Post IPO, Wockhardt Hospitals Limited will be listed on both the NSE and the BSE.