Credit Rating Agency CRISIL has assigned IPO Grade 3/5 to the forthcoming IPO of Mandhana Industries Ltd. This grade indicates that the fundamentals of the issue are average relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The offer price for the issue may be higher or lower than the level justified by its fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, the graded instrument's future market price or its suitability for a particular investor.

Mandhana Industries Ltd. is in the business of production of fabrics and garments.

Further details about Mandhana Industries Ltd. IPO will be posted as soon as they are available

Stay tuned for the latest updates on Mandhana Industries Ltd. IPO!

The equity shares of Manjushree Extrusions Ltd. will be listed and admitted to the dealings on the BSE with effect from Thursday, February 28, 2008. The details are given below:

ISIN: INE435H01015
Listing in: ‘B1' Group of Securities
BSE Script Code: 532950
Issue Price: Rs 45/- Per Equity Share

Earlier the FPO was closed on Wednesday, February 6, 2008

Update(5-3-2008): The allotment status for Rural Electrification Corporation IPO which closed on February 22, 2008 is now available online!

CLICK HERE TO CHECK YOUR STATUS NOW

Click here for all posts on Rural Electrification Corporation IPO

On Sunday February 17, 2008, Reliance Power Ltd had announced proposed bonus shares for its investors other than promoters. Today, after a week, the bonus shares were declared. Reliance Power Ltd declared that 3 bonus shares will be issued for every 5 shares held. Earlier the issue price of Reliance Power Ltd. IPO was fixed at Rs.450/- per share. Retail Investors were given a discount of Rs.20/- per share

Consequently, the bonus issue will reduce the cost per share of Reliance Power Ltd. for retail investors to about Rs.269/- and for non-retail investors to about Rs.281/-

The record date for bonus shares will be decided upon and all investors who hold shares as on that date will be eligible for bonus.

The IPO of Rural Electrification Corporation Ltd., a state run company, was finally subscribed 27.76 times. The Final Subscription Status is given below:

Rural Electrification Corporation Ltd Subscription Figures updated as on February 22, 2008 2030 hrs IST:
QIB: 39.30 times
Non-Institutional Investors: 27.12 times
Retail: 7.68 times
Employees: 0.94 times
Overall: 27.88 times

Effective from Monday, February 25, 2008 the equity shares of Tulsi Extrusions Limited will be listed and admitted to dealings on both the BSE and NSE in the list of B1 Group of Securities, as per details given below:

ISIN: INE474I01012
BSE Script Code: 532948
NSE Symbol: TULSI
Listing in: B1 Group of securities
Issue Price: Rs 85/- per equity share

The IPO of V-Guard Industries which was open from February 18, 2008 is finally oversubscribed 2.70 times as under:

V-Guard Industries IPO Bidding Status till Thursday, February 21, 2008 1815 hrs IST:
QIB: 1.74 times
Non-Institutional Investors: 2.92 times
Retail: 4.24 times
Employees: 0.86 times
Overall: 2.70 times

Click here for all posts on V-Guard Industries IPO

Rural Electrification Corporation IPO Bidding Status till Thursday, February 21, 2008 1815 hrs IST:
QIB: 6.51 times
Non-Institutional Investors: 0.76 times
Retail: 0.79 times
Employees: 0.71 times
Overall: 4.13 times

Effective from Monday, February 25, 2008 the equity shares of IRB Infrastructure Developers Limited will be listed and admitted to dealings on BSE and NSE. The group for the scrip will be intimated through a separate notice. Following is the IRB Infrastructure Developers Ltd. Listing Info:

ISIN: INE821I01014
BSE Script Code: 532947
NSE Symbol: IRB
Issue Price: Rs. 185/- per equity share

Rural Electification IPO Bidding Status as on Wednesday, February 20, 2008 1700 hrs IST:
QIB: 4.52 times
Non-Institutional Investors: 0.10 times
Retail: 0.25 times
Employees: 0.04 times
Overall: 2.73 times

QIB: 1.65 times
Non-Institutional Investors: 1.77 times
Retail: 0.85 times
Employees: 0.74 times
Overall: 1.32 times

IRB Infrastructure Developers Ltd IPO Allotment Status is declared

CLICK HERE TO CHECK NOW!

(Please note that you will need to login with your user name and password)

The IPO allotment status for Tulsi Extrusions Ltd. IPO which closed on Tuesday, February 05, 2008, is now available online.

CLICK HERE TO CHECK NOW!

QIB: 3.62 times
Non-Institutional Investors: 0.04 times
Retail: 0.07 times
Employees: 0.00 times
Overall: 2.14 times

QIB: 1.50 times
Non-Institutional Investors: 1.68 times
Retail: 0.38 times
Employees: 0.66 times
Overall: 1.11 times

The IPO of Rural Electrification Corporation, a state run company, opened for subscription from today, i.e. Tuesday, February 19, 2008. The IPO was subscribed fully on Day 1 itself. L & FS Investsmart Securities Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers for the Issue. The equity shares are proposed to be listed on the NSE and the BSE. The issue is open till Friday, February 22, 2008. Following is the details of the IPO:

Rural Electrification Corporation (REC) IPO Details:
IPO Opens on: Tuesday, February 19, 2008
IPO Closes on: Friday, February 22, 2008
Price Band: Rs.90/- to Rs.105/- per equity share
Bid Lot: 60 equity shares and in multiples thereof
BRLM: ICICI Securities, IL&FS Investsmart and SBI Capital Markets.
Registrar: Karvy Computershare Private Ltd

Check back here regularly for latest subscription figures and other updates on Rural Electrification Corporation IPO!

Click here for all posts on Rural Electrification Corporation IPO

The upcoming IPO of NHPC Ltd. is delayed till Q1FY09 due to lack of independent directors on Board. Stay tuned for the latest updates!

Effective from today, i.e. Wednesday, February 20, 2008 the equity shares of Bang Overseas Limited are listed on BSE and NSE in the list of B1 Group as per details given below:

ISIN: INE863I01016
BSE Script Code: 532946
NSE Symbol: BANG
Listing in: B1 Group of securities
Issue Price: Rs 207/- Per Equity Share

V-Guard Industries Limited IPO Bidding Status as on Monday, February 18, 2008 1700 hrs IST:
QIB: 1.46 times
Non-Institutional Investors: 1.29 times
Retail: 0.14 times
Employees: 0.61 times
Overall: 0.96 times

The equity shares of Shriram EPC Ltd. will be listed on BSE and NSE from Wednesday, February 20, 2008 in the B1 Group of Securities. The listing info is given below:

ISIN: INE964H01014
Listing in: B1 Group of Securities
BSE Scrip Code: 532945
NSE Symbol: SHRIRAMEPC
Issue Price: Rs.300/- per share

Reliance Power Ltd plans to issue bonus shares to all equity holders other than the promoters. Final decision will be taken in company's board meeting on Sunday February 24, 2008. The ratio of bonus shares is not known yet.

- Company Website
- Red Herring Prospectus (NSE)
- Prospectus (SEBI)
- Application Form
- Registrar's Website

The IPO of GSS America Infotech Ltd, a Global IT Services company has been finally subscribed 1.08 times (Retail: 0.20 times). The IPO opened for subscription from Monday, February 11, 2008 and closed on Friday, February 15, 2008. The details of subscription are given below:

GSS America Infotech Ltd. IPO Final Subscription Figures:
(Friday, February 15, 2008 1700 hrs IST)
QIB: 1.06 times
Non-Institutional Investors: 3.50 times
Retail: 0.20 times
Employees: 0.02 times
Overall: 1.08 times

Check back this blog regularly for the latest updates including allotment status, basis of allotment and listing info of GSS America Infotech Ltd IPO!

Click here for all posts on GSS America Infotech Ltd. IPO

Effective from Tuesday, February 19, 2008, the equity shares of OnMobile Global Limited shall be listed and admitted to dealings in the list of ‘B1’ Group of Securities. Other Listing Info is given below:

ISIN: INE809I01019
Listing in: B1 Group of Securities
BSE Scrip Code: 532944
NSE Symbol: ONMOBILE
Issue Price: Rs.440/- per share

- Company Website
- Red Herring Prospectus (NSE)
- Prospectus (SEBI)
- Application Form
- Registrar's Website

The equity shares of KNR Constructions Limited will be listed and admitted to the dealings on stock exchanges from Monday, February 18, 2008. The details of listing are given below:

ISIN: INE634I01011
BSE Script Code: 532942
NSE Symbol: KNRCON
Listing in: B1 Group of Securities

QIB: 1.18 times
Non-Institutional Investors: 2.94 times
Retail: 0.01 times
Employees: 0.00 times
Overall: 0.99 times

The Allotment Status for Shriram EPC Limited IPO is now available online.

CLICK HERE TO CHECK SHRIRAM EPC LTD IPO ALLOTMENT STATUS NOW!

Stay tuned for Shriram EPC Limited IPO Listing Details....

The bid lot for Rural Electrification Corporation IPO is 60 equity shares and in multiples thereof.
The IPO is open between February 19, 2008 and February 22, 2008.

Click here for all posts on Rural Electrification Corporation (REC) IPO

(For Retail Investors only)

No. of Sh Applied		No. of Sh Allotted		Ratio
15		15		12:13
30		27		1:1
	Addl	1		2:55
45		40		1:1
60		54		1:1
75		67		1:1
90		81		1:1
105		94		1:1
120		108		1:1
135		121		1:1
150		134		1:1
165		148		1:1
180		161		1:1
195		175		1:1
210		188		1:1
225		202		1:1

The basis given above is only an extract from the full basis of allotment.
Click here for complete basis of allotment

(For Retail Investors only)

No. of Sh Applied		No. of Sh Allotted		Ratio
35		35		1:1
70		70		1:1
105		105		1:1
140		140		1:1
175		175		1:1
210		210		1:1
245		245		1:1
280		280		1:1
315		315		1:1
350		350		1:1
385		385		1:1
420		420		1:1
455		455		1:1
490		490		1:1
525		525		1:1
560		560		1:1

The basis given above is only an extract from the full basis of allotment.
Click here for complete basis of allotment

Rural Electrification Corporation (REC), a state run company, is coming out with an initial public offer of nearly 15.6 Crores shares at a price band of Rs.90/- ro Rs.105/- per share. The issue will open for subscription on February 19 and close on February 22, 2008.

Following are available details about REC IPO:

Rural Electrification Corporation (REC) IPO Details:
IPO Opens on: Tuesday, February 19, 2008
IPO Closes on: Friday, February 22, 2008
Price Band: Rs.90/- to Rs.105/- per equity share
Bid Lot: 60 equity shares and in multiples thereof
BRLM: ICICI Securities, IL&FS Investsmart and SBI Capital Markets.
Registrar: Karvy Computershare Private Ltd


Details about the IPO including market lot, day to day subscription status, link for viewing allotment status, etc. will be posted on this blog as soon as available. Keep visiting regularly for details


Click here for more posts on Rural Electrification Corporation (REC) IPO

QIB: 1.12 times
Non-Institutional Investors: 0.00 times
Retail: 0.01 times
Employees: 0.00 times
Overall: 0.53 times

Bang Overseas Limited IPO Allotment Status is declared online
CLICK HERE TO CHECK NOW!

Earlier the IPO was closed on January 31, 2008 and was 1.24 times

KNR Constructions Limited IPO Allotment Status is declared online
CLICK HERE TO CHECK NOW!

QIB: 0.14 times
Non-Institutional Investors: 0.00 times
Retail: 0.00 times
Overall: 0.07 times

Following the withdrawal of Wockhardt and Emaar MGF Land IPO, SVEC Constructions has also withdrawn its IPO due to poor response.

Earlier the company had lowered the price band to Rs.80/- to Rs.90/- per share from Rs.85/- to Rs.95/- per share and had thereby extended the closing date to February 13 from February 8.

Effective from Wednesday, February 13, 2008 the equity shares of Cords Cable Industries Limited will listed and admitted to dealings in the list of B1 Group as per following details:

ISIN: INE792I01017
Listing in: B1 Group of Securities
BSE Scrip Code: 532941
NSE Symbol: CORDS
Issue Price: Rs.135/- per share

The listing date for J Kumar Infraprojects is Tuesday, February 12, 2008 as per following details:

BSE Script Code: 532940
NSE Symbol: JKIL
Listing in: B1 Group of securities
ISIN: INE576I01014
Issue Price: Rs. 110/- per share

QIB: 0.00 times
Non-Institutional Investors: 0.51 times
Retail: 0.48 times
Overall: 0.24 times

GSS America Infotech Ltd (GSS), a leading Global IT Services company, is coming up with a 100% Book Built Issue (IPO) of 34,97,495 Equity Shares bearing a Face Value of Rs. 10/- each within a price band of Rs 400/- to Rs 440/- per share. The IPO opens from today and closes on February 15, 2008. The details of IPO are given below:

GSS America Infotech Ltd (GSS) IPO Key Information:
Issue Size: 34,97,495 Equity Shares of Rs. 10/- each
Issue Opens on: Monday, February 11, 2008
Issue Closes on: Friday, February 15, 2008
Price Band: Rs 400/- to Rs 440/- per equity share
Bid Lot: 15 shares
Registrar: Bigshare Services Pvt Ltd

The allotment status for OnMobile Global IPO can now be checked online

CLICK HERE TO CHECK YOUR STATUS NOW!

(For Retail Investors only)

No. of Sh Applied		No. of Sh Allotted		Ratio
50		50		10:23
100		50		20:23
150		65		1:1
200		87		1:1
250		109		1:1
300		130		1:1
350		152		1:1
400		174		1:1
450		196		1:1
500		217		1:1
550		238		1:1
600		261		1:1
650		282		1:1
700		304		1:1

The basis given above is only an extract from the full basis of allotment.
Click here for complete basis of allotment

(Summarized for Retail Investors)

No. of Sh Applied		No. of Sh Allotted		Ratio
55		55		37:50
110		81		1:1
165		122		1:1
	Addl	1		7:18
220		162		1:1
275		203		1:1
330		244		1:1
385		284		1:1
440		325		1:1
495		365		1:1
550		406		1:1
605		447		1:1
660		487		1:1
715		528		1:1
770		568		1:1
825		609		1:1
880		650		1:1

The basis given above is only an extract from the full basis of allotment.
Click here for complete basis of allotment

The bid lot for GSS America Infotech Ltd IPO which opens from February 11, 2008 is 15 shares and in multiples thereof.

Keep checking back for regular updates on GSS America Infotech Ltd (GSS) IPO!

QIB: 0.00 times
Non-Institutional Investors: 0.51 times
Retail: 0.46 times
Overall: 0.24 times

Reliance Power IPO Allotment Status is available online

CLICK HERE TO CHECK YOUR STATUS NOW!

Update: You can check the refund status for your application at Karvy's Website.
Click here to check now

Note: For any queries regarding non-credit of shares or non-receipt of refund order, please visit Karvy's Website here or call Karvy at Toll Free Number: 18003454001

Earlier the issue was closed on January 18, 2008 and was oversubscribed 73.04 times as under:
QIB: 82.62 times
Non-Institutional Investors: 190.02 times
Retail: 14.87 times
Overall: 73.04 times

> More Posts on Reliance Power IPO

SVEC Constructions has revised its price band to Rs.80/- to Rs.90/- per share from an earlier price band of Rs.85/- to Rs.95/- per share

In addition to above change, the IPO will remain open till February 13, 2008. The IPO was scheduled to close today, i.e. February 08, 2008.

Earlier the IPO was subscribed only 0.15 times till Thursday, February 07, 2008

> Click here for all posts on SVEC Constructions IPO

According to CNBC TV 18, Emaar MGF Land Ltd. has decided to withdraw its Initial Public Offer (IPO). The company will refund money to all applicants within 10-15 days.

The decision came even before the subscription figures came in. Bankers and Promoters of Emaar MGF Land IPO believed that market conditions were unsuitable for the IPO to go through.

Yersterday, Wockhardt had also withdrawn its IPO due its poor response

Refund Order Details for Reliance Power Application can be checked at Karvy's Website:

Click here to check your refund order details


Update: The link for Reliance Power Refund Status is removed now. However, you can still check refund order status for the latest IPOs from the above link.

The equity shares of Reliance Power Ltd. will be listed and admitted to the dealings of exchanges with effect from Monday, February 11, 2008.

ISIN: INE614G01033
BSE Script Code: 532939
NSE Symbol: RPOWER
Listing in: A Group of Securities
Issue Price: Rs. 450/- per share


> Reliance Power IPO Allotment Status
> Reliance Power IPO Final Subscription Details
> All posts on Reliance Power IPO

Allotment Status for Cords Cable Industries Limited IPO is declared online

CLICK HERE TO CHECK NOW!

Earlier the IPO was subscribed about 5 times as under:
QIBs: 6.83 times
Non-Institutional Investors: 5.11 times
Retail: 2.58 times
Employees: 1.01 times
Overall: 4.99 times

V-Guard Industries Limited, having business in the manufacturing and marketing of various electrical and electronic products, is entering capital market with an IPO of 80,00,000 Equity Shares of Rs. 10/- each. The details of IPO are given below:

V-Guard Industries Limited IPO Details:
Issue Size: 80,00,000 Equity Shares of Rs. 10/- each
Issue Opens on: Monday, February 18, 2008
Issue Closes on: Thursday, February 21, 2008
Price Band: Rs 80/- to Rs 85/- per equity share
BRLM: Anand Rathi Securities Limited
Registrar: Intime Spectrum Registry Ltd

Details about the IPO including market lot, day to day subscription status, link for viewing allotment status, etc. will be posted on this blog as soon as available.
Keep visiting regularly for details!

QIB: 0.99 times
Non-Institutional Investors: 0.98 times
Retail: 0.47 times
Overall: 0.83 times

QIB: 0.00 times
Non-Institutional Investors: 0.45 times
Retail: 0.24 times
Overall: 0.15 times

The price band for the upcoming IPO of Rural Electrification Corporation is fixed at Rs.90/- to Rs.105/- per equity share. The state run company proposes to offer nearly 15.6 crore equity shares. The issue opens from February 19, 2008

Click here for more posts on Rural Electrification Corporation (REC) IPO

Reliance Entertainment, another ADAG Company may come up with an IPO in near future. The DRHP is expected to be filed with SEBI after Budget 2008.

Check back here for more updates on Reliance Entertainment IPO

Issue Size: 102,570,623 Equity Shares of Rs.10/- each
Issue Opens on: Friday, February 01, 2008
Issue Closes on: Monday, February 11, 2008 *
Price Band: Rs. 530/- to Rs. 630/- per equity share *
Bid Lot: 10 shares and in multiples thereof
Registrar: Karvy Computershare Private Limited

* Revised

QIB: 0.06 times
Non-Institutional Investors: 0.01 times
Retail: 0.31 times
Employees: 0.00 times
Overall: 0.13 times

Emaar MGF Land has once again revised its price band- this time only the lower end of the price band is further lowered from a previous Rs.540/- per share to Rs.530/- per share. The Revised price band therefore, now is Rs.530/- to Rs.630/- per share, as against the previous price band of Rs.540/- to Rs.630/- per share.

The IPO will now remain open till Monday, February 11, 2008 on account of the above change.

The issue was subscribed only 0.75 times till Wednesday, February 06, 2008

Click here for more posts on Emaar MGF Land IPO

The closing date of Emaar MGF Land Limited IPO, which was scheduled to close today, i.e. Wednesday, February 06, 2008 is now extended and will now close on Monday, February 11, 2008

Check back here for latest update on Emaar MGF Land Ltd. IPO

Click here for more posts on Emaar MGF Land Ltd. IPO

The allotment status for J Kumar Infraprojects Limited IPO is declared online.

CLICK HERE TO CHECK YOUR ALLOTMENT STATUS NOW!

Note: For faster results, it is recommended to login with your user name and password and then check allotment status.

Emaar MGF Limited IPO Bidding Status as on Wednesday, February 06, 2008 1700 hrs IST:
QIB: 0.87 times
Non-Institutional Investors: 0.98 times
Retail: 0.41 times
Overall: 0.75 times

Update: The closing date of Emaar MGF Land IPO is extended till Monday, February 11, 2008

QIB: 0.00 times
Non-Institutional Investors: 0.19 times
Retail: 0.06 times
Overall: 0.05 times

GSS America Infotech Ltd (GSS), a leading Global IT Services company, is coming up with a 100% Book Built Issue (IPO) of 34,97,495 Equity Shares bearing a Face Value of Rs. 10/- each within a price band of Rs 400/- to Rs 440/- per share. The details of IPO are given below:

GSS America Infotech Ltd (GSS) IPO Key Information:
Issue Size: 34,97,495 Equity Shares of Rs. 10/- each
Issue Opens on: Monday, February 11, 2008
Issue Closes on: Friday, February 15, 2008
Price Band: Rs 400/- to Rs 440/- per equity share
Bid Lot: 15 shares and in multiples thereof
Registrar: Bigshare Services Pvt Ltd

Keep checking back for regular updates on GSS America Infotech Ltd (GSS) IPO!