Performance of Newly Listed Shares as on 1st February 2013

Name Date of listing Issue Price closing  price closing price % gain loss  change over
1st February 25th January over week lssue price
Tara Jewels Limited 6th December 230.00 220.25 220.25 -1.61 -5.85
CARE 26th December 750.00 853.50 923.05 -9.27 13.80
PC Jeweller 27th December 135.00 159.55 157.80 -1.30 18.19
Bharti Infratel Limited 28th December 220.00 206.05 207.00 -0.43 -6.34

V-Mart Retail Limited – Completes Anchor Allocation

V-Mart Retail Limited which is tapping the capital markets with its IPO which includes a fresh offer and an offer for sale today completed its allocation to anchor investors. The allocation of 6,74,400 shares has been allotted to two anchors at a price of Rs 210. The price band for the issue is Rs 195-215. Earlier during the month the company had made a pre-IPO allotment of 12.5 lakh shares at Rs 210 raising Rs 26.25 crs. The issue opens for subscription on Friday the 1st of February and closes on Tuesday the 5th of February. The total issue is for 44.96 lakh shares and would raise between Rs 87.67 crs at the lower end of the price band and Rs 96.67 crs at the upper end of the price band.

The allotment to anchor investors has raised Rs 14.16 crs.

The names of the anchor investors are as follows: –

1. IDFC Premier Equity Fund 4,36,304 shares
2. Morgan Stanley Mutual Fund A/c ACE Fund 2,38,096 shares
  6,74,400 shares

OIL India Limited Offer for Sale – Floor price fixed at Rs 510 or 5.41% discount

OIL India Limited (OIL) opens its OFS or offer for sale for 6,01,13,157 equity shares which is 10% of the paid up capital. The floor price fixed for the sale is Rs 510 which is lower than the closing price of Rs 539.20 by Rs 29.20 or 5.41%. The 52 week high and low for the share is Rs 617.40 and 431 respectively.

The issue would garner Rs 3,065.77 crs at the floor price of Rs 510 and Rs 3,241.30 crs at the closing price of Rs 539.20. It may also be mentioned that this would be the first OFS under the revised guidelines wherein QIB’s would be allowed to bid with zero margin or upfront payment against 100% earlier. Secondly both options of zero upfront and 100% would be available and similarly pay out would be on trade plus one day and trade plus two day basis. Thirdly the discovered price and the bid quantity would be available live throughout the day. These measures are expected to increase the interest in the issue and results would be known by the end of the day.

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