| Name | Date of listing | Issue Price | closing price | closing price | % gain loss | change over |
| 13th Aug | 6th Aug | over week | lssue price | |||
| Technofab Engineers | 16th July | 240.00 | 271.80 | 284.90 | -4.60 | 13.25 |
| Hindustan Media Ventures | 21st July | 166.00 | 185.05 | 179.65 | 3.01 | 11.48 |
| Aster Silicates | 28th July | 118.00 | 80.6 | 98.85 | -18.46 | -31.69 |
| Midfield Industries | 4th August | 133.00 | 180.65 | 169.65 | 6.48 | 35.83 |
Performance of Newly Listed Shares 13th August 2010
August 14th, 2010
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SKS Microfinance to list on Monday 16th August 2010
August 14th, 2010
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SKS Microfinance Limited which had launched its IPO between the 28th of July and 2nd of August is to list on Monday the 16th of August. The issue size which included an offer for sale and a fresh issue was 1.68 cr shares. The price band for the IPO was Rs 850-985 and there was a discount to retail category of Rs 50 per share. The issue was subscribed 13.69 times. Retail portion was subscribed 2.81 times. The company had made an allocation of 30% of the issue size to anchor investors. As expected the price band was fixed at Rs 985 the upper end of the price band.
The issue had generated lot of interest during the IPO time. A direct beneficiary of the hype created by SKS Microfinance was another company in the same business SE Investments whose stock price rose post the price band announcement of SKS from Rs 50.55 to Rs 69.35 registering a gain of over 37% in a mere seven trading sessions. The share has since then fallen and closed at Rs 60.25 registering a loss of over 13% in the next seven days.
The performance of the share would be keenly watched because there are a few microfinance players waiting to tap the markets post this issue. We would discuss more of this post the listing on Monday.
Coal India files DRHP
August 14th, 2010
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Coal India Limited has filed its DRHP with SEBI. The government of India plans to divest 10% of the post offer equity of the company through this offer for sale. The issue size would be 63,16,36,440 equity shares with a reservation of 6,31,63,644 equity shares for its employees.
Coal India is the world largest producer and also the largest reserve holder of coal in the world. The company produced 431.26 million tons in the year ended March 2010. As on 31st March 2010 the company is operating 471 mines in 21 major coalfields across eight states in India. The turnover of Coal India was 52,592.29 crs for March 2010 and its net profit Rs 9,829.41 crs. This implies a net margin of 18.69 %. The EPS for the company for the year ended March 2010 was Rs 15.56 on a consolidated basis which has grown significantly from Rs 6.43 for the year ended March 2009.
Coal India employs 3.97 lakh people which include 3.43 lakh workers.
Exact dates for opening the issue are yet to be worked out but probably the same is likely to happen towards the end of September or early October.
