Prestige Estates IPO to list on Wed 27th Oct

October 26th, 2010 Comments Off on Prestige Estates IPO to list on Wed 27th Oct

Prestige Estates Projects Limited which had tapped the capital markets to raise Rs 12oo crs in a price band of Rs 172-183 will list on Wednesday the 27th of October. The issue was open between the 12th and 14th of October and the company had made an allotment to anchor investors of 1.17 cr shares at the upper end of the price band.

The issue was overall subscribed 2.26 times with institutional portion subscribed 4.32 times. The HNI and retail portions were undersubscribed. The company has a little over 7,000 shareholders. The price fixed was at the upper end of the band at Rs 183.

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Performance of Newly Listed Shares 22nd Oct 2010

October 23rd, 2010 Comments Off on Performance of Newly Listed Shares 22nd Oct 2010
Name Date of listing Issue Price closing  price closing price % gain loss  change over
22nd Oct 15th Oct over week  lssue price
Indosolar 29th Sept 29.00 23.30 21.65 7.62 -19.66
Tirupati Inks 1st Oct 43.00 19.95 21.60 -7.64 -53.60
Microsec Financial 5th Oct 118.00 89.10 87.70 1.60 -24.49
Career Point Infosystems 6th Oct 310.00 494.40 489.30 1.04 59.48
Eros International Media 6th Oct 175.00 183.65 175.05 4.91 4.94
Ramky Infrastructure 8th Oct 450.00 356.25 359.20 -0.82 -20.83
Electrosteel Steels 8th Oct 11.00 10.75 10.70 0.47 -2.27
Orient Green Power 8th Oct 47.00 41.65 42.40 -1.77 -11.38
Gallant Ispat 11th Oct 50.00 52.95 55.40 -4.42 5.90
Cantabil Retail India 12th Oct 135.00 92.55 100.50 -7.91 -31.44
Tecpro Systems 12th Oct 355.00 392.70 376.80 4.22 10.62
VA Tech Wabag 13th Oct 1310.00 1688.45 1715.10 -1.55 28.89
Bedmutha Industries 14th Oct 102.00 226.85 216.05 5.00 122.40
Ashoka Buildcon 14th Oct 324.00 314.60 314.95 -0.11 -2.90
Sea Tv Network 14th Oct 100.00 96.95 105.80 -8.36 -3.05
CEBBCO 18th Oct 127.00 117.75 N A -7.28 -7.28
Oberoi Realty 20th Oct 260.00 295.40 N A 13.62 13.62
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Power Grid FPO is likely to open on Tues 9th Nov

October 22nd, 2010 Comments Off on Power Grid FPO is likely to open on Tues 9th Nov

Power Grid Corporation will open its FPO for subscription on Tuesday the 9th of November and close for QIB’s on Thursday the 11th of November. The issue will close for other investors on Friday the 12th of November. The issue consists of a fresh offer of shares of 10% and an equal quantity by way of offer of sale from the Government of India who currently owns 86.36% of the equity of the company.

The current equity of the company stands at Rs 4208.84 crs or 420.88 cr shares. The fresh issue would be for 42.09 cr shares and a similar quantity would be the offer for sale making a total of 84.18 cr shares. The closing share price as on yesterday was Rs 105.65 implying a market capitalisation of 44,466.39 crs. Based on this market price the issue size would be Rs 8,800 crs and would be at a discount to the current price.

Assuming a discount of 10% to the current market price the issue size would be Rs 8000 crs.

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