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- Life Cycle (Process Flow) of an IPO
- What is an Initial Public Offer (IPO)
- Diwali Muhurat Trading 2011 : 26 October
- BSE – NSE 2011 Holidays List
- Tijaria Polypipes IPO Details
- RDB Rasayans Ltd IPO Details
- Prakash Constrowell Ltd IPO Details
- New LIC chairman to be appointed in 10 days: Says Finance Ministry
- RBI hikes Repo Rate and Reverse Repo Rate : Sept 2011
- India’s GVK pays $1.26 billion for stake in Australia’s Hancock
| Life Cycle (Process Flow) of an IPO Posted: 19 Sep 2011 08:15 AM PDT
Please find below a detailed process flow of a 100% Book Building Initial Public Offer (IPO). The steps provided below are most general steps involve in the life cycle of an IPO, provided here for easy understanding of an retail investor who is willing to participate in an IPO. Real processing steps are more complicated and may be different. 1. Issuer Company – IPO Process Initialization
2. Lead Manager’s – Pre Issue Role – Part 1
Buy Everything About IPOs Book from Flipkart.com 3. SEBI – Prospectus Review
4. Lead Manager – Pre Issue Role – Part 2
5. Investor – Bidding for the public issue
6. Lead Manager – Price Fixing
Buy Guide To Indian Stock Market Book from Flipkart.com 7. Registrar – Processing IPO Applications
8. Lead manager – Stock Listing
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| What is an Initial Public Offer (IPO) Posted: 19 Sep 2011 07:52 AM PDT
Initial Public Offer (IPO) also known as Public Issue is a way for a company to raise money from investors for its future projects and get listed to Stock Exchange. In other words, an Initial Public Offer (IPO) is the selling of securities to the public in the primary stock market. From an investor prospective, IPO gives a chance to buy shares of a company, directly from the company at the price of their choice (In book build IPO’s). Many a times there is a big difference between the price at which companies decides for its shares and the price on which investor are willing to buy share and that gives a good listing gain for shares allocated to the investor in IPO. Buy Everything About IPOs Book from Flipkart.com From a company prospective, IPO help them to identify their real value which is decided by millions of investor once their shares are listed in stock exchanges. IPO’s also provide funds for their future growth or for paying their previous borrowings. To Know the Detailed Process Flow of an IPO – Public Issue Click Here
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| Diwali Muhurat Trading 2011 : 26 October Posted: 19 Sep 2011 07:42 AM PDT Diwali Muhurat Trading / Deepavali 2011 Muhurat Trading will be held on Wednesday, 26th October, 2011 (Diwali Amavasya – Laxmi Puja). Mahurat trading is held every year in evening around 6.30 pm for a duration of 1 hour. Further details will be available soon. For BSE – NSE 2011 Holidays List Click Here
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| Posted: 19 Sep 2011 07:40 AM PDT The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India remain close for trading on following days: BSE Holidays 2011 / NSE Holidays 2011
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| Posted: 19 Sep 2011 07:31 AM PDT
About Tijaria Polypipes :Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is manufacturing of HDPE pipes, PVC pipes, LLDPE pipes, HDPE DWC pipes, PLB HDPE Ducts, MDPE pipes, uPVC RIGID & BLUE CASING pipes, Pet Granules, MICRO/DRIP Irrigation System, SWR PIPES & FITTINGS, PPR Pipes & Fittings, HDPE Sprinkler System under the registered brand name of Tijaria and Vikas. The company produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc. Tijaria Polypipes Ltd is entering in the capital markets with an initial public offering, IPO of 1,00,00,000 equity shares of face value Rs 10/- each aggregating Rs 60 crore through the fixed price IPO. Tijaria Polypipes Issue Detail:Issue Open: Sep 27, 2011 – Sep 29, 2011 Tijaria Polypipes IPO Grading :ICRA has assigned an IPO Grade 2 to Tijaria Polypipes IPO. Tijaria Polypipes Registrar : Sharex Dynamic (India) Pvt Ltd
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| Posted: 18 Sep 2011 11:07 PM PDT
About RDB Rasayans Ltd :RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc. RDB Rasayans is entering in the capital markets with an initial public offering, IPO of 45,00,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 72/- at lower level and Rs 79/- at upper level. RDB Rasayans Ltd Issue Detail:Issue Open: Sep 21, 2011 – Sep 23, 2011 RDB Rasayans Ltd IPO Grading : Not Yet AvailableRDB Rasayans Ltd IPO Registrar : Link Intime India Private Ltd
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| Prakash Constrowell Ltd IPO Details Posted: 18 Sep 2011 10:55 PM PDT |
| › Draft Prospectus with SEBI |
| › Red Herring Prospectus |
| › Download IPO Application Form |
Prakash Constrowell IPO Registrar : Bigshare Services Pvt Ltd
Prakash Constrowell IPO Lead Manager(s) : Intensive Fiscal Services Private Limited
New LIC chairman to be appointed in 10 days: Says Finance Ministry
Posted: 18 Sep 2011 10:33 PM PDT
Since May this year, Life Insurance Corporation (LIC) has been without a full-time chairman after then chairman TS Vijayan’s five-year term ended.
Ending months of indecision, the government is set to appoint a full-time chairman for insurance giant Life Insurance Corporation (LIC) in the next 10 days, a top Finance Ministry official has said.
Since May this year, LIC has been without a full-time chairman after then chairman TS Vijayan’s five-year term ended.
As an interim arrangement, the Additional Secretary in the Finance Ministry, Rakesh Singh, was appointed as the Chairman of LIC. Subsequently, DK Mehrotra, the incumbent Managing Director, was asked to officiate as the chairman of the country’s largest financial institution.
A selection panel headed by Economic Affairs Secretary R Gopalan had invited four probable candidates for the post in June. But the panel could not come to a decision, as two of the contenders did not have central vigilance clearance.
When asked about the names being discussed, Mittal said, “That’s for the selection committee to decide. What I am saying is that this process is on and very shortly, you will get a final [decision].”
According to earlier reports, the shortlisted candidates — all from within LIC’s ranks — include current Acting Chairman DK Mehrotra, Managing Director Thomas Mathew and Executive Directors AK Sahoo, TT Mathew and KB Saha.
Several questions have been raised about the government’s inability to find a full-time leader for LIC, which has assets more than Rs 10 lakh crore, especially at a time when it faces competition from over 23 aggressive private players following the opening up of the sector a decade ago.
RBI hikes Repo Rate and Reverse Repo Rate : Sept 2011
Posted: 18 Sep 2011 10:05 PM PDT
On Friday, September 16, India’s Central Bank, the Reserve Bank of India [RBI] increased its repo rate by 25 basis points to 8.25% from 8.00% and raised the reverse repo rate to 7.25% from 7.00%.
This is the 12th rate hike in last 19 months.
The RBI said: "The monetary tightening effected so far by the Reserve Bank has helped in containing inflation and anchoring inflationary expectations, though both remain at levels beyond the Reserve Bank's comfort zone. As monetary policy operates with a lag, the cumulative impact of policy actions should now be increasingly felt in further moderation in demand and reversal of the inflation trajectory towards the later part of 2011-12. As such, a premature change in the policy stance could harden inflationary expectations, thereby diluting the impact of past policy actions. It is, therefore, imperative to persist with the current anti-inflationary stance. Going forward, the stance will be influenced by signs of downward movement in the inflation trajectory, to which the moderation in demand is expected to contribute, and the implications of global developments."
About Repo Rate :
Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.
About Reverse Repo Rate :
Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. It can cause the money to be drawn out of the banking system.
India’s GVK pays $1.26 billion for stake in Australia’s Hancock
Posted: 18 Sep 2011 09:53 PM PDT
On Friday, 16th September 2011, GVK Group announced that GVK Power & Infrastructure has acquired a majority stake in the Hancock coal project in Queensland, Australia, for $1.26 billion to secure thermal coal supplies for its planned power plants in India.
As per the deal, GVK Power will acquire a 79 percent stake in the Alpha and Alpha West coal mines in the Galilee Basin, and will buy Kevin’s Corner coal mine and the rail and port project connecting the coal mines outright, the company said in a statement on Friday.
GVK will pay $500 million initially to Hancock, $200 million after one year, and the remainder on financial close of the project, which is expected to be in 2012. The company will be funding the deal by bank loans.
The first phase of production, scheduled to start in 2014, is expected bring in more than 30 million tons per year of thermal coal.
Since last few years Indian energy firms have been acquiring overseas coal assets, typically in Australia, Indonesia and Africa, to feed power plants at home.
Earlier last year, India’s Lanco Infratech bought coal mines from Australia’s Griffin Coal for an undisclosed sum, while Adani Enterprises agreed to buy Galilee coal project from Australia’s Linc Energy for $2.7 billion.
In May this year, Adani unit Mundra Port and Special Economic Zone agreed to buy Abbot Point Coal Terminal in Australia for $2 billion in an all-cash deal to tap into growing coal traffic in overseas markets.
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