What 25% Free Float means to Markets ?

Government raises threshold for public shareholding in listed companies: The Indian government today amended the Securities
Contracts (Regulation) Rules, making it mandatory for listed companies to have a minimum public holding of 25%.

We present below a sort of the broad based BSE 500 index which indicates that the following companies have a public holding of less than 25% and will have to comply with the change in regulation over the next few years. Read more

Jaypee Infratech – Should You Subscribe ?

JP Associates Group Company Jaypee Infratech is open for subscription in $500 mn IPO. JP Associates is the ~100% Promoter of Jaypee Infratech. The company holds the concession from the Yamuna Expressway Industrial Development Authority (YEA) to develop, operate and maintain the Yamuna Expressway in Uttar Pradesh, connecting Noida and Agra (165km). The concession also provides for the right to develop 25 million square metre (approximately 6,175 acres) of land along the Yamuna Expressway at five locations for residential, commercial, amusement, industrial and institutional purposes.

The Yammuna Expressway is expected to be complete by 2011 Read more

Review of Satluj Jal Vidyut Nigam – SJVNL – Subscribe

SJVN, a hydro electric utility, is tapping the equity market with the Government of India being a 75% stake holder and Government of Himachal Pradesh will continue to own ~25%. The current offer is Offer for Sale by the Government, that means the company will not get any Money.

Company has experience in the development, execution and management of mega-hydroelectric projects in difficult terrains, which will help the company in developing future projects. SJVN commissioned India’s largest hydro project, the 1,500 MW Naphtha Jhakri Read more

How IPO Grey Market Works – Retail to Big Bull Brokers

The Indian Grey Market for IPOs which went for a toss after Anil Ambani’s Reliance Power Ltd royal rip off of small investors is thriving back. After the 2005 IPO scam, none want to take chances. This time the system is designed so well, it is out of reach of SEBI because the big fish is not on any official record. Read more

IL&FS Transportation Networks Limited – Subscribe Long Term

IL&FS has been engaged in road sector projects since 1993 as a sponsor, developer or investor. For consolidating its project portfolio in the surface transportation sector, ITNL was promoted by IL&FS in 2000. IL&FS Group currently holds 87.5% in ITNL. Read more

NMDC FPO – Company Review

NMDC one of the Government’s biggest Asset in Minerals is going for a FPO. Here is an Insight into the company.

NMDC has reserves and resources of 1,360.6 million metric tonnes of iron ore with predominantly greater than 64% Fe content and has been the largest producer by volume in India during the last three fiscal year – the Company’s producing mines are open cast and
primarily fully mechanised. Strong in-house capability to undertake exploration – NMDC is actively involved in exploration and development activities so as to apply for and acquire new iron ore and other mineral leases thereby expanding its reserves and Read more

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