Godrej Properties IPO

December 3rd, 2009 Comments Off on Godrej Properties IPO

Godrej Properties Limited is tapping the capital markets with an IPO which opens on Wednesday the 9th of December 2009 and closes on Friday the 11th of December 2009. The price band of the same is likely to be announced tomorrow.

The company would be allotting shares to anchor investors and the same would be done one day before the issue opens for public on Tuesday the 8th of December 2009.

The issue is for a fresh issue of 94,29,750 shares and the capital post the offering would be 6,98,50,009 shares.

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JSW Energy IPO price band fixed

December 3rd, 2009 Comments Off on JSW Energy IPO price band fixed

JSW Energy Limited has fixed the price band as Rs 100-115. The IPO opens on Monday the 7th of December and closes on Wednesday the 9th of December. The issue is for a fixed amount of Rs 2700 crs to be raised from the issue. The issue size depending upon the final price would vary from 27 cr shares at the lower price band and 23.478 crs at the upper price band.

The company plans to have anchor investors in the IPO.

The IPO also talks of a discount to retail investors, which would be of a fixed amount of Rs 5 per share irrespective of the issue price.

The valuation of the company based on the lower price band is approximately Rs 16500 crs, while at the upper price band is about Rs 18500 crs.

This would be the fourth mega-power IPO since July 2009, after Adani Power, NHPC and Indiabulls Power.

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Performance of ‘power’ packed shares since listing relative to SENSEX

December 2nd, 2009 Comments Off on Performance of ‘power’ packed shares since listing relative to SENSEX

Name Dt of listing Issue Price Current Price Loss % Sensex on listing eve Current Sensex Change in Sensex Sensex change % Loss by investor
Adani Power 20th Aug 100.00 94.85 -5.15 14809.64 17198.27 2388.63 16.13 21.28
NHPC 1st Sept 36.00 31.35 -12.92 15666.64 17198.27 1531.63 9.78 22.69
Indiabulls Power 30th Oct 45.00 32.75 -27.22 16052.72 17198.27 1145.55 7.14 34.36

Sensex & stock prices as of 1st Dec close

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