Nitesh Estates looks to tap market with Rs 550-cr IPO Sep 30, 2009
Sources say for IPO, the price band is expected to be at Rs 115-145 per share. The IPO proceeds will be utilised in 19 ongoing residential projects, including a central business district mall in Bangalore and a large mixed-use project in Kochi. (India Times)
Thinksoft IPO closing extended Sep 25, 2009
Further, Karvy Investor Services has revised the IPO price band lower from Rs 120-130 to Rs 115-125 per share. As at 5:15 pm Thursday, the issue had received bids for 22,53,750 against the offering of 36,46,000, that is 0. (India Times)
Euro Multivision IPO looks expensive Sep 22, 2009
For the given price band, the company is seeking a higher valuation for its business than its peer Moser Baer. Business: Euro Multivision was incorporated in 2004 to manufacture optical storage devices, including recordable compact disks (CDRs), and recordable digital versatile disks (DVDRs). (India Times)
World's fastest car Ultimate Aero to storm Indian roads Sep 21, 2009
The Indian market has also been witnessing the launch of an array of super bikes such as the Suzuki Hayabusa, Yamaha VMAX, Honda CBR1000R, American iconic brand Harley Davidsons Fat Boy and Italian Ducati bikes in the price band of Rs 10-60 lakh. Read business stories in. (India Times)
All about Pipavav IPO Sep 16, 2009
Pipavav Shipyard's IPO price band appears high-ET Slide Shows-Features-The Economic Times ... Pipavav Shipyard's IPO price band appears high. (India Times)
We have kept money on the table in IPO: Pipavav Shipyard Chairman N Gandhi Sep 16, 2009
80 per share and we have put a price band of Rs 55 to Rs 60 for the retail and other investors ... If the price band were high, they would have sold and gone ... They did not sell it clearly shows that their price band is very reasonable. (India Times)
Avoid Pipavav IPO as valuations stretched: Anagram Sep 15, 2009
54 crore shares of Rs 10 each in the price band of Rs 55 to Rs 60 ... The company expects to raise over Rs 512 crore at the upper end of the price band. (India Times)
OIL issue price set at Rs 1,050 cr Sep 15, 2009
Oil India, the second company from the government stable to raise funds after NHPC since the Manmohan Singh government returned to power, invited bids from investors in a price band of Rs 950-1,050. The book-building process started on September 7 and closed on September 10. (India Times)
Pipavav Shipyard's IPO price band appears high Sep 14, 2009
1 crore (at the higher end of the price band of Rs 55-60 ) ... Price Band: Rs 55 Rs 60 per share ... Limited track record and commercial operations at a nascent stage make Pipavav Shipyards IPO price band appear high. (India Times)
Oil India IPO subscribed 31 times; QIBs bid the most Sep 11, 2009
Oil India, the second company from the government stable to raise funds after NHPC since the Manmohan Singh government returned to power triggering reform hopes, invited bids in a price band of Rs 950-1,050. In unofficial trading, the so-called grey market, shares are trading at a premium of Rs 35- 40, some brokers, who did not want to be identified, said. (India Times)
Oil India IPO oversubscribed 31 times Sep 11, 2009
3 billion based on the indicative price band, according to Macquarie analyst Jal Irani. JM Financial, Morgan Stanley India, Citigroup Global Markets India and HSBC Securities and Capital Markets are the lead managers to the Oil India issue. (India Times)
Navi Mumbai: A magnet for commercial realty Sep 10, 2009
"Commercial options in Navi Mumbai span a huge price band. Growth of the residential segment in Navi Mumbai, prior to that of the commercial segment, actually works out in favour of the end-user today, as manpower resources are easily available," he points out. "Commercial real estate in Navi Mumbai comes at competitive prices vis--vis other options in the Mumbai metropolitan region (MMR), with the added advantage of being located in a well-planned city," adds Gajra. (India Times)
Oil India IPO: To subscribe or not? Sep 7, 2009
The price band for the issue has been fixed between Rs 950 and Rs 1,050 per equity share and the issue closes September 10. In all 2. (India Times)
'Oil India IPO fully subscribed' Sep 7, 2009
Most of the bids were at the top end of the 950-1,050 rupees price band, one banker said. The sale follows muted stock market debut by state hydropower generator NHPC Ltd and private sector utility Adani Power that had together raised $1. (India Times)
Oil India IPO an investment alternative in oil sector Sep 7, 2009
At the higher price band of Rs 1,050, the company will be valued at 12 times its earnings for the 12-month period ended June 2009. ONGC, which is nearly 10 times bigger to Oil India, is currently trading at 12. (India Times)
Power IPOs' poor show to hit other issues Sep 5, 2009
In the IPO, NHPC shares were offered at Rs 36, at the higher end of the Rs 30-36 price band after the issue was subscribed nearly 24 times. There was exceptional interest from the high net-worth individuals (HNIs)who mostly apply on borrowed money for short-term listing gainsand the HNI portion was subscribed over 56 times. (India Times)
Asians yen for British properties Sep 5, 2009
What we have discovered over the months is Malaysians interest for 2-bedroom units of between 700 and 800 sq ft with the price band between 150,000 and 350,000, he says. The entry level has been lowered quite a bit with the current downturn, says Clanford. (The Star Online, Malaysia -- Business)
Oil India fairly priced; Adani, NHPC weigh Sep 4, 2009
Oil India, the second state-owned firm to go public this yea 00004000 r, opens its offering on Monday and has set a price band of 950-1,050 rupees for its shares ... According to brokerage Sharekhan, based on an enterprise value to proven and probable (2P) reserve multiple, Oil India's valuation at the higher end of the price band stands at $4 per barrel of oil equivalent (BOE) while ONGC trades at EV/2P multiple of $5 ... Adani and NHPC both priced at the top of their price bands after being... (India Times)
NHPC's lukewarm debut Sep 3, 2009
The price band is decided by interested parties, merchant bankers and the company. The price discovery is, therefore, within a band. (India Times)
NHPC's dull debut leaves primary market listless Sep 2, 2009
Even at the lower end of the price band (Rs 950), the pricing is just not justifiable. It should not have been priced beyond Rs 900, Mr Tulsian said. (India Times)
Investors with high risk appetite should consider Globus Spirits IPO Aug 31, 2009
5-75 CRORE PRICE BAND: RS 90-100 DATE: AUGUST 31 - SEPT 1 ... At the higher end of the price band, Globus seeks a P/E of 15. (India Times)
Wockhardt deal to open new markets Aug 30, 2009
The public issue, which was scheduled to hit the markets in February last year, was at a price band of Rs 280-310 per share. The deal structure outlines Fortis buying 10 hospitals, which includes two under construction, from Wockhardt. (India Times)
OIL IPO to add to its coffers Aug 29, 2009
64 crore equity shares of Rs 10 each at a price band of Rs 950 Rs 1,050, which will make it the first ever PSU to offer shares at a 4-digit price level ... At the higher price band, OILs market capitalisation will touch Rs 25,250 crore putting it in top 40 Indian companies and 10th largest PSU by market capitalisation. (India Times)
Oil India plans IPO to raise $570 mn Aug 25, 2009
Oil India, which deferred an IPO last year amid the global financial crisis, has set a price band of 950 rupees to 1,050 rupees a share, Director for Finance T. K. Ananth Kumar s 00004000 aid by phone on Tuesday. "We have set an exploration and production programme for the next two years where we will use the IPO proceeds," he said. (India Times)
IPO Watch: Jindal Cotex demands higher market cap Aug 24, 2009
62 Crore PRICE BAND: Rs 70 - 75 Per Share DATE: AUGUST 27 - Sept 1, 2009. With a line of IPOs hitting the market from the promising sectors like power and realty, an IPO from the troubled textile industry may look too ambitious. (India Times)
Listless Adani debut raises doubts over NHPC success Aug 21, 2009
A top official at a domestic investment bank said: "I don't think we have had a good start to the IPO season...We hope an IPO of the quality of NHPC is not a lost opportunity to revive the primary market." It is believed that bankers of NHPC had initially recommended a more conservative price band of roughly Rs 24-30 per share, but the government insisted on the current price band. The aggressive pricing by the government for the stake sale in NHPC is a contrast to the earlier instances like... (India Times)
Adani Power listed on Bombay Stock Exchange Aug 20, 2009
The company had fixed a price band of Rs 90-100 per share and had most bids coming in at Rs 95. The company is expected to use the proceeds from the IPO to fund its two thermal power plants in Gujarat, one in Mundra and another in Tiroda, totaling 6,600 MW capacity. (India Times, India)
NHPC IPO price at Rs 36, govt to raise Rs 6048 crore Aug 17, 2009
According to the power ministry sources, the group of ministers has decided to allot shares at the upper limit of the price band of Rs 30-36 a share. The IPO closed on August 12 with more than 23 times over-subscription. (India Times, India -- Intl Business)
NHPC IPO success may dash HNIs' hopes Aug 15, 2009
Most of the bids came in at the upper end of the Rs 30-36 price band. This means that if an investor subscribes for 57 shares, he is likely to be allotted one share. (India Times)
Raj Oil Mills debuts at 7% premium Aug 12, 2009
The price band for the issue was fixed between Rs 100 and Rs 120 per equity share of face value of Rs 10. The IPO, which opened on July 20, got a positive response from non-institutional investors, including corporate and individuals (other than retail institutional investors), as they fully subscribed (1. (India Times)
NHPC valuation high but expect listing gains Aug 11, 2009
Most bids were received at the upper end of the price band and the company may fix the issue price at Rs 36 per share, said sources ... At the lower end of the price band the company will raise Rs 5,032 crore and at upper band it will raise Rs 6,039 crore. (India Times)
Cheaper loan rev up car sales in July Aug 10, 2009
Honda Siel, which sells premium cars including the Jazz hatchback and Accord sedan in the price band of Rs 7. 50-25 lakh in cities has seen an improvement in demand. (India Times)
Efficient power sector players at lower valuations than NHPC Aug 10, 2009
PRICE BAND: RS 30 - 36 PER SHARE. DATE: AUGUST 7 - AUGUST 12, 2009. (India Times)
Oil India IPO on Sept 7, price band on August 25 Aug 10, 2009
The price band is likely to be decided on August 25, according to investment banking sources associated with the stake-sale process. This will be the second PSU stake sale by the government after hydel power utility NHPC, which was oversubscribed three-and-a-half times on its opening on Friday. (India Times, India -- Intl Business)
NHPC IPO fully subscribed in an hour Aug 7, 2009
Marketmen said the NHPC IPO with a tag of public sector firm and attractive price band has enthused investors, besides the overall recovery in the secondary market is also getting reflected in the primary market ... 73 crore shares in the price band of Rs 30-36 and would close on August 12. (India Times, India)
JSW Energy working on IPO Aug 2, 2009
The state-owned firm plans to raise up to Rs 6,039 crore through the IPO and has fixed the price band between Rs 30-36. A recent study conducted by the industry-body Assocham indicated that Indian Inc was planning to raise upto Rs 16,000 crore in the remaining months of the current fiscal with the infrastructure sector leading the pack. (India Times)
NHPC to reserve 2.5% shares for staff Aug 2, 2009
The offer, which will be open from August 7 to August 12, will allow investors to bid for shares at a price band of Rs 30-36 per share. While Rs 4,000 crore will come to the company, Rs 2,000 crore will go to the government as its share. (India Times)
Adani Power IPO subscribed over 21 times Aug 1, 2009
Most marketmen said the attractive price band of the IPO enthused investors besides the overall recovery in the secondary market that is getting reflected in the primary market. The price band of the IPO has been fixed between Rs 90-100 and the company planned to raise Rs 3000 crore. (India Times, India)
Adani Power IPO: Invest now or wait for listing? Jul 29, 2009
17-crore shares with a price band of Rs 90-100 per share. Flagship company and promoter of Adani Power, Adani Enterprise, will dilute 13. (India Times)
Adani IPO brings anchor investors Jul 28, 2009
The IPO will have a price band of Rs 90 to Rs 100 and expects to raise upto Rs 3016 crore. The anchor investors for APL IPO include T Rowe Price, TPG (through Credit Suisse), ECOFIN, Legg Mason (through CLSA), AIC and Sundaram Mutual Fund. (India Times, India -- Intl Business)
Adani Power IPO subscribed 4 times within an hour Jul 28, 2009
The company has fixed a price band of Rs 90-100 per share and most of the bids came in at Rs 95. Adani Power, the electricity generating unit of Adani Enterprises, plans to raise Rs 3,610 crore at the upper end of the price band and Rs 2,715 crore at the lower end. (India Times)
Adani Power: Attractive but expensive Jul 27, 2009
Price Band: RS 90-100 00004000 ... 16 crore shares at a price band of Rs 90-100 ... Vis--vis the current market-cap of Adani Powers peers, the price band of Rs 90-100 looks slightly expensive. (India Times)
NHPC IPO price band at Rs 30-36 Jul 25, 2009
NHPC IPO price band seen at Rs 30-36- IPOs-Markets-The Economic Times ... NHPC IPO price band seen at Rs 30-3625 Jul 2009, 0104 hrs IST, Urmi A Goswami, ET Bureau ... NEW DELHI: Virtually flagging off the governments disinvestment effort, the empowered group of ministers (eGoM) on Friday met to finalise the price band for NHPCs initial public offering (IPO), which will happen simultaneously with the disinvestment process. (India Times)
Raj Oil Mills IPO to open on July 20 Jul 19, 2009
The issue size will be Rs 95 crore at the lower end of the price band and Rs 114 crore at the upper end of the price band, he said, adding, the issue would constitute 26. 38 per cent of the fully diluted post-issue paid up capital of the company. (India Times)
Break in CPO, crude oil link in few instances Jul 17, 2009
On the relationship between CPO price and soyoil price, the MIDF analyst expects both to continue to track each other within a certain price band. For the past 10 years, the average discount of CPO price to soyoil price has been about 20% per tonne as the commodities are direct substitutes of each other, he said. (The Star Online, Malaysia -- Business)
Weak D-Street sentiments leave IPO grey market in the shade Jul 14, 2009
Earlier, the premium was at Rs 40-42 over a price band of Rs 275-325 per share ... Excel Infoways, whose IPO will open for subscription on Tuesday, is learnt to be trading at a premium of Rs 7-8 in the grey market, over its price band of Rs 80-85. (India Times)
Mahindra Holidays IPO at Rs 300 Jun 29, 2009
The price band was fixed between Rs 275 and Rs 325 per equity share ... 12 crore at the upper end of the price band and Rs 254 ... At the top end of the price band (i. (India Times)
Mahindra Holiday IPO fully subscribed Jun 26, 2009
The 00004000 price band for the issue has been fixed between Rs 275 and Rs 325. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. (India Times)
Cos cut issue size, price to ensure IPO success Jun 26, 2009
While several prospective issuers are learnt to have shrunk their issue size or lowered their price bands, a few others are talking to 'primary market makers' to ensure success for their IPOs ... Lead managers handling mid-level IPOs (Rs 50-100 crore) have convinced companies to go for a lower price band by marginally increasing the number of shares on offer. (India Times)
Subscribe to Mahindra Holidays IPO at lower band: Rel Money Jun 23, 2009
MUMBAI: Reliance Money has recommended subscribing to initial public offering of Mahindra Holidays and Resorts at lower price band ... At the lower end of the price band the stock quotes a PE of 29x its FY09 EPS of Rs 9 ... Reliance Money has recommended subscribing to initial public offering of Mahindra Holidays and Resorts at lower price band. (India Times)
Mahindra Holidays IPO may signal primary market revival Jun 21, 2009
65 lakh equity shares and has fixed a price band in the range of Rs 275-325. "Since the IPO is being brought in by a business conglomerate, the response would be closely watched by the investors. If hugely subscribed we can safely conclude that the primary market space has become a safe haven once again, else we will have to wait for the public sector IPOs," SMC Capital's Equity Head Jagannadham Thunuguntla said. (India Times)
Mahindra Holidays fixes IPO price band Jun 20, 2009
MUMBAI: Mahindra Holidays ts India Ltd has fixed the price band of its initial public offering between Rs 275 and Rs 325 per equity share. The IPO of 92,65,275 equity shares of Rs 10 each, at a price to be decided through book-building process, opens on June 23 and closes on June 26. (India Times)
Ford gears up to invest Rs 2k cr Jun 6, 2009
For Ford, this is the ideal time to get into the expansion phase as it had not brought the hatchback version to the country on account of a host of factors such as volumes, localisation and price band. "Now, by entering the expansion phase of manufacturing, it is getting ready for the next big upswing as revival has been predicted by 2010. This would also help it to bring the small car project as originally scheduled, he said, noting that a powertrain plant took about 18-months time to be... (India Times)
Revival of realty market in Bangalore Jun 6, 2009
The company will also launch homes in the Rs 50 lakh to Rs 1 crore price band. Mantri is looking at launching 3 million sqft of residential units in four projects. (India Times, India)
It's a good time to buy property overseas May 28, 2009
There are plenty of projects in Dubai which are selling at a price band of Rs 2,500-5,000 per sq.ft. Land in the UK countryside as in Chesh 00004000 ire is being sold for Rs 1,100 per sq.ft., while that in Helsby at just Rs 370 per sq.ft. By comparison, prices in some major Indian realty hotspots are equally competitive - flats in Gurgaon are priced at Rs 3,000-5,000 per sq.ft, in Kolkatas Rajarhat at Rs 2,800-3,500 per sq.ft. and Navi Mumbai between Rs 1,800 and Rs 6,000 per sq.ft.. In the... (India Times)
Airtel launches Net PC @ Rs 8,000 May 23, 2009
Available for Rs 7,999, the no-frills PC will offer customers the choice of three Internet plans in a monthly price band of Rs 699-Rs 1,199, which would include Microsoft's Office Suite software. "Net PC is part of our strategic intent to remain focused on enhancing the broadband experience for our customers by offering innovative and collaborative products," said Bharti Airtel's telemedia services joint president K Srinivas. (India Times, India)
Airtel launches Net PC May 23, 2009
7,999, the no-frills PC will offer customers the choice of three Internet plans in a monthly price band of Rs. 699-Rs. (India Times)
BMW India to roll out Roadster Z4 sports car May 4, 2009
It will be launched in the price band of Rs 50-60 lakh in the second half of this year. The petrol and diesel variants of the newly-launched BMW 7Series, which is priced at Rs 81 lakh and Rs 77 lakh, respectively, will hit the market in June. (India Times)
AMD Launches the ATI Radeon HD 4770, World's First Desktop Graphics Card Utilizing Industry-Leading 40nm Process Technology Apr 28, 2009
Consumer pressure in this economic downturn is shifting demand to lower prices and the price band around $100 has the highest demand and highest volume, said Rick Bergman, senior vice president and general manager, Graphics Products Group, AMD.5 AMD has responded with the launch of the ATI Radeon HD 4770, targeting this market with cutting-edge technologies like 40 nm processors, support for DirectX 10. 1 gaming and GDDR5 memory. (Yahoo! Wire -- Entertainment News)
More top-end variants of Nano from Tata Mar 24, 2009
The deluxe and luxury variants will have power windows and air conditioningfeatures now taken for granted in a carwhile the standard version will have none of these, to ensure it stays within the promised price band. Auto component vendors from the Pune region said the higher-end variant, priced at a significant premium over the standard version, would allow Tata Motors to make some money on margins. (India Times)
Elections, dhotis make perfect combo Mar 23, 2009
If the customers ask for dhotis in a particular price band, we cater to them also, Mr Gopinath said. For the forth coming elections, several party leaders have ordered for variety of dhotis in different price segments ranging from Rs 100 to Rs 200 for distribution to party men. (India Times)
Explosion of woman power Mar 13, 2009
The canvases were a big draw because of the price band and the fact that they carried a discount of 30 percent. A few works - especially the soot paintings by Tripti Agarwal Gupta, who features in the Limca Book of Records, and those by Indupal Caur, a reality artist - stood out for their originality of technique, style and details. (Sify.com, India)
Pixily Moves Your Paper Documents Online Mar 9, 2009
There are storage limits, counted in pages: For no charge you can store a total of 200 pages, and that total rises to as much as 12,000 for the highest price band. You may request that the paper originals be shredded or returned; if the latter Pixily will mail them back to you in another envelope. (BusinessWeek)
Real-estate rally? Market shows surprising second-half rise Feb 19, 2009
Let s look at the price band of sales since 2001. I have used three bands: up to $499,999, $500,000 to 999,999, and over $1 million. (Marblehead Reporter, MA)
Edserv IPO manages to scrape through Feb 10, 2009
The issue had received poor grading from rating agency CARE. The price band for the issue was fixed between Rs 55 and Rs 60. Read business stories in. (Economic Times)
