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Engineer’s India Ltd. FPO: Should you Invest?

Engineer’s India Ltd. FPO: Should you Invest?

Details of the issue: Issue Date: 6th February – 12 February, 2014 (for retail investors) Face Value: Rs. 5 Price Band: Rs. 145 to Rs. 150 (Rs. 6 discount on issue price for retail investors) Issue Type: Government stake sale Issue Size: 3.36 Cr. shares to be sold by Government Money raised: Rs. 487.2 Cr. to Rs. 504 Cr. Lot Size:100 So, what is the subscription offer? Here is a review of the Engineers India Limited FPO… Engineers India Limited (EIL), a ‘miniratna’ PSU, is one of the leading engineering consultancy companies, with focus on oil and gas and petrochemicals industries. It has come out with an FPO of 3.36 Cr share of Rs. 5 each. The issue consists of a 10% stake sale by the President of India (i.e. dilution of 10% stake by the Government of India). The government holding in the company will come down to 70.4% […]

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Power Grid Corporation FPO: Can it power your portfolio?

Power Grid Corporation FPO: Can it power your portfolio?

Details of the issue: Issue Date: 3rd – 6th December, 2012 (for retail investors) Face Value: Rs. 10 Price Band: Rs. 85 to Rs. 90 (5% discount on issue price for retail investors) Issue Type: Fresh issue and Government stake sale Issue Size: 60.18 Cr. fresh shares and 18.51 shares to be sold by Government Issue Size: Rs. 6,689 Cr. to Rs. 7,083 Cr. Market Bid Lot: 150 shares and in multiples of 150 shares thereafter So, what is the subscription offer? Here is a review of the Power Grid Corporation FPO… Power Grid Corporation of India Limited (PGCIL), a ‘Navratna’ PSU, engaged in the business of transmission of electric power has come out with an FPO of 78,70,53,309 shares of Rs. 10 each. The issue consists of a fresh issue of 60,18,64,295 shares by the company and an offer for sale of 18,51,89,014 shares by the President of India […]

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Just Dial Ltd IPO – Should you invest or avoid?

Just Dial Ltd IPO – Should you invest or avoid?

Details of the issue: Issue Date: May 20, 2013 – May 22, 2013 Face Value: INR 10 per equity share Issue Type: 100% Book Built Issue IPO Issue Size: 17,497,458 equity shares of INR 10 Issue Size: INR 822.38 Cr. – 950.11 Cr. Price Band: INR 470 – INR 543 per equity Share (10% discount on the issue price to the retail individual investors) Safety net arrangement: A safety net to the resident in India in accordance with the SEBI regulations Market Lot: 25 Shares Minimum Order Quantity: 25 shares Listing at: BSE, NSE, MCX-SX So, what’s the offer for sale? Here’s the review of the Just Dial IPO.. Just Dial, one of the initial companies to offer local search services in India is coming up with a public offer for sale of 17,497,458 equity shares of INR 10 each by the selling shareholders. The issue is being carried out […]

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Bharti Infratel Ltd. IPO – Should you invest in it?

Bharti Infratel Ltd. IPO – Should you invest in it?

After a long break, the IPO market in India is finally picking up pace. After CARE’s IPO last week, it is now the turn of Bharti Infratel’s IPO to hit the market today 11 Dec, 2012.

Bharti Infratel, a subsidiary of telecom major Bharti Airtel, is the company’s leading telecom infrastructure player. It is planning to raise about Rs. 4,500 cr. from the issue. The IPO if successful will be the biggest after state-run Coal India’s IPO in 2010.

High competition and regulatory issues have troubled the Telecom sector as a whole, over the past 2 years. With this in mind, what is in store for Bharti Infratel’s future? What is its right price? And should you subscribe to the IPO? Let’s find out..

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CARE IPO: Should you invest?

CARE IPO: Should you invest?

The CARE IPO opens today!

Credit Analysis and Research Limited is in its 19th year of existence and is the second largest rating agency in India, after CRISIL.
It has a strong foot-hold in the rating of debt instruments, bank loans & facilities and rating relationship with 4,644 clients as of September 30, 2012. It has also, so far, rated the highest number of IPOs, since IPO grading was introduced in India.

The issue opens today i.e. 7th December, 2012. So, lets know more about CARE and whether you should invest in the IPO….

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