Category: India IPO Reviews and Updates

The Basis of Allotment of Astec Life sciences IPO is now available here. The IPO was oversubscribed and hence partial allotment has been done to all applicants. You can check the status of your (more…)

Cox & Kings (India) is amongst the oldest travel brands [is also a Global Brand] in the country offering travel (both leisure & business), forex and visa processing services. The company acts as a One Stop Shop for all the travel related needs of Indian and international travelers.

In India, tourism as a % of GDP accounted for just 6% in 2008, as compared to about 9% for the world. Thus the domestic and inbound market offers a vast scope for all the operators to expand revenues.

Cox & Kings Current IPO Details:
Face value 10
Price band 316-330
Issue opens November 18, 2009
Issue closes November 20, 2009
Retail Size – 6,403,824 Shares or Rs 211 cr
Fully Diluted Equity after the IPO – 62.92 cr or 6.29 cr equity shares of FV 10
(more…)

Going by the recent dull listings of IPO on the Street, Anchor Investors [Mostly, FIIs] are back at the doors of SEBI begging to relax rules for Anchor Investors.

Unlike pre-placement which may have lockin period of 12 months, Anchor Investors have just lock-in period of 30 days. They pay 25% upfront and the remaining 75% upon the closure of the IPO. However, they have come in as long term investors and are expected not to SELL the shares on the day of listing or atleast for the first 30 days.

Now why do they want relaxation on 30 days lockin ? (more…)

Den Networks is a Delhi based company was formed in 2007. The company is a leading cable television company with a pan-India presence. Within a short time span Den has reached out to about a crore households across 77 cities, mainly by buying out small cable TV operators. The company has acquired majority stake in 65 MSO’s (multi system operators) to expand its network across 9 states.

We recommend to BLINDLY AVOID the issue. Without any (more…)

We have been given the Basis of Allotment of the Highly Hyped IndiaBulls Power IPO – Power Hai Tou Zindagi Hey 🙂

As the Retail portion of the issue was subscribed by mere 1.09 times with recommendation from us and other leading brokerages to AVOID, as expected all retail Investors have been allotted in FULL.

Here is the CHART Showing the BASIS of ALLOTMENT of India Bulls Power. (more…)

The Government of India is selling its peoples wealth – PSU companies to Foreign Investors [upto 60% of the IPO] without even first offering the Pie to Indians on whose wealth these companies have been built. After critics and objections from us, the Government has now come out with a proposition to offer shares of all PSUs taking the IPO route at 5% discount to retail Individual investors. The idea is to get more Indians to invest in these Government Bluchips. (more…)