India Stock Market IPO News

Forthcoming IPO's :Dt 27/09/2010

2010-09-27T01:06:00.001+05:30

S. No.	Scrips	Offer Price	Opening Date	Closing Date
1	Ashoka Buildcon Ltd.	297-324	24-Sep-2010	28-Sep-2010
2	Cantabil Retail India Ltd.	127-135	22-Sep-2010	27-Sep-2010
3	Sea TV Network.	90-100	27-Sep-2010	29-Sep-2010
4	Tecpro Systems Ltd.	340-355	23-Sep-2010	28-Sep-2010
5	Va Tech Wabag Ltd.	1230-1310	22-Sep-2010	27-Sep-2010

Gujarat Pipavav Port Ltd (GPPL) IPO

2010-08-19T08:02:00.001+05:30

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. GPPL have the exclusive right to develop and operate APM Terminals Pipavav and related facilities until September 2028 pursuant to the Concession Agreement with GMB and the GoG.

Gujarat Pipavav Port promoted by APM Terminals, one of the largest container terminal operators in the world with a global network of 50 terminals in 34 countries and five continents. In the year ended December 31, 2009, APM Terminals handled 31.0 million TEUs and had revenues of over US$ 3.00 billion.

GPPL is principally engaged in providing port handling and marine services for: (1) container cargo, (2) bulk cargo, and (3) LPG cargo. In addition, they operate a CFS and also generate revenue from land-related and infrastructure activities.

Objects of the Issue:
The objects of the Issue are to:

1. Infuse funds for certain elements of ongoing expansion plan, as under:
   a. Construction of Container Yards and allied facilities at Port Pipavav;
   b. Phase 2 of capital dredging at Port Pipavav;
   c. Purchase of Post Panamax Quay Cranes;
   d. Purchase of Rubber Tyred Gantry (RTG) Cranes;
2. Repayment of Sponsor Support Loan to the Promoter, APMT Mauritius;
3. General Corporate Purposes; and
4. Achieve the benefits of listing on the Stock Exchanges.

Issue Detail:

»» Issue Open: Aug 23, 2010 - Aug 26, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 500.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 42 - Rs. 48 Per Equity Share
»» Minimum Order Quantity:
»» Listing At: BSE, NSE

source

Coal India IPO

2010-06-15T14:48:00.000+05:30

The Initial Public Offering (IPO) of state-run miner Coal India will hit the market by September, Coal Minister Sriprakash Jaiswal told reporters on Tuesday.

Parabolic Drugs Limited IPO

2010-06-13T16:01:00.001+05:30

Parabolic Drugs Limited is in the business of manufacturing Active Pharmaceutical Ingredients (API's) and API intermediates. APIs, also known as 'bulk drugs' or 'bulk actives' are the principal ingredient used in making finished dosages in the form of capsules, tablets, liquid, or other forms of dosage, with the addition of other APIs or inactive ingredients.

Companies product portfolio comprises 42 APIs and 7 API intermediates which are marketed domestically and exported.

Company own and operate two manufacturing facilities at Derabassi, Punjab, and Panchkula, Haryana. Company is in the process of setting up a custom synthesis and research and development (R&D) center at Barwala, Haryana.

Company Promoters:
The Promoters of our Company are:
1. Mr. Pranav Gupta;
2. Mr. Vineet Gupta;
3. PNG Trading Private Limited; and
4. Parabolic Infrastructure Private Limited

Objects of the Issue:
The objects of the issue are:

1. Multi-purpose block III at Derabassi;
2. Sterile Cephalosporin Plant (Derabassi);
3. Establishment of Chachrauli Plant;
4. Custom Synthesis & Manu. Site II at IT Park (Panchkula);
5. Repayment / Prepayment of identified loan facility;
6. General corporate purposes.

Issue Detail:

»» Issue Open: Jun 14, 2010 - Jun 17, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 200.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE

Free Intraday Trading calls for 11/06/2010

2010-06-11T08:45:00.000+05:30

GUJARAT NRE COKE,
Buy CMP Rs.58.85 Stoploss Rs.57 Target Rs.62,

SESA GOA,
Buy CMP Rs.354 Stoploss Rs.350 Target Rs.365,

HINDALCO,
Buy CMP Rs.138.50 Stoploss Rs.137 Target Rs.143,

EDUCOMP,
Buy CMP Rs.542.70 Stoploss Rs.535 Target Rs.555,

FDC,
Buy CMP Rs.99.50 Stoploss Rs.97 Target Rs.104,

Free Intraday Trading Calls for 08/06/2010

2010-06-08T09:12:00.000+05:30

WELSPUN GUJARAT,
Buy CMP Rs.225.50 Stoploss Rs.222 Target Rs.230,

DABUR,
Buy CMP Rs.193.50 Stoploss Rs.191 Target Rs.200,

HAVELL’S INDIA,
Buy CMP Rs.618.95 Stoploss Rs.609 Target Rs.625,

GRASIM INDUSTRIES,
Sell CMP Rs.1752 Stoploss Rs.1778 Target Rs.1699,

DLF,
Sell CMP Rs.264 Stoploss Rs.270 Target Rs.255,

Free Intraday Trading Calls for 07/06/2010

2010-06-07T08:53:00.001+05:30

SAIL,
Sell CMP Rs.201 Stoploss Rs.204 Target Rs.185,

ACC,
Sell CMP Rs.841.90 Stoploss Rs.852 Target Rs.825,

AMBUJA CEMENT,
Sell CMP Rs.112.50 Stoploss Rs.114 Target Rs.105,

NALCO,
Sell CMP Rs.420 Stoploss Rs.425 Target Rs.400,

SCI,
Sell CMP Rs.162 Stoploss Rs.165 Target Rs.150,

CHAMBAL FERT,
Sell CMP Rs.61.75 Stoploss Rs.63 Target Rs.56,

Fatpipe Networks India Limited IPO

2010-06-05T16:17:00.000+05:30

Fatpipe Networks India Limited, owned by DR. RAGULA BHASKAR, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management.

Fatpipe's core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams. Fatpipe technology affords companies, that run mission critical WAN applications over any type of infrastructure, automatic and dynamic failover of a downed data line due to a WAN component, line or service failure.

Company holds 7 patents on a technology called "Router-Clustering," which enables customers to obtain highly redundant and fast Internet/WAN access. FatPipe sells its products worldwide through a network of 2 authorized distributors and over 500 resellers. FatPipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia. Fatpipe will be setting up a wholly owned subsidiary in the US to expand US operations and to solicit government business.

Objects of the Issue:
The object of the issue are:

1. To expand the product line with enhanced R&D;
2. To establish 16 marketing Offices across the globe;
3. For strategic acquisition of business / company;
4. To meet margin money for working capital require;
5. To meet the Public Issue Expenses;
6. General corporate purposes.

Issue Detail:

»» Issue Open: Jun 07, 2010 - Jun 09, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 49.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 82 - Rs. 85 Per Equity Share
»» Market Lot: 70 Shares
»» Minimum Order Quantity: 70 Shares
»» Listing At: BSE, NSE

Free Intraday Trading Calls for 04/06/2010

2010-06-04T08:44:00.000+05:30

HUL,
Buy CMP Rs.247.05 Stoploss Rs.244 Target Rs.265,

MARICO,
Buy CMP Rs.111.35 Stoploss Rs.99 Target Rs.120,

ASHOK LEYLAND,
Buy CMP Rs.64.30 Stoploss Rs.63 Target Rs.68,

CHENNAI PETRO,
Buy CMP Rs.252.40 Stoploss Rs.250 Target Rs.265,

HPCL,
Buy CMP Rs.363.60 Stoploss Rs.359 Target Rs.375,

Free Intraday Trading Calls for 03/06/2010

2010-06-03T09:12:00.000+05:30

UNITED SPIRITS,
Buy CMP Rs.1216.15 Stoploss Rs.1197 Target Rs.1240,

WEST COAST,
Buy CMP Rs.88 Stoploss Rs.85 Target Rs.92,

UNITED PHOSPHORUS,
Buy CMP Rs.179 Stoploss Rs.177 Target Rs.187,

GABRIEL INDIA,
Buy CMP Rs.55 Stoploss Rs.54 Target Rs.58,

BERGER PAINTS,
Buy CMP Rs.70.20 Stoploss Rs.69 Target Rs.72.50,

HINDUSTAN COPPER,
Buy CMP Rs.472.80 Stoploss Rs.465 Target Rs.487,

Free Intraday Trading Calls for 02/06/2010

2010-06-02T08:45:00.001+05:30

TATA STEEL,
Sell CMP Rs.480 Stoploss Rs.485 Target Rs.460,

SAIL,
Sell CMP Rs.198 Stoploss Rs.200 Target Rs.190,

WELSPUN GUJARAT,
Sell CMP Rs.217.50 Stoploss Rs.221 Target Rs.211,

UNITECH,
Sell CMP Rs.69 Stoploss Rs.71 Target Rs.65,

DLF,
Sell CMP Rs.271 Stoploss Rs.274 Target Rs.260,

Free Intraday Trading Calls for 01/06/2010

2010-06-01T08:30:00.000+05:30

HINDALCO,
Sell CMP Rs.150 Stoploss Rs.153 Target Rs.143,

EDUCOMP,
Sell CMP Rs.535 Stoploss Rs.540 Target Rs.524,

UNITECH,
Sell CMP Rs.72.50 Stoploss Rs.74 Target Rs.66,

REL COMM,
Sell CMP Rs.145 Stoploss Rs.148 Target Rs.136,

Free intraday trading calls for 31/05/2010

2010-05-31T08:49:00.000+05:30

TECH MAHINDRA,
Buy CMP Rs.644 Stoploss Rs.637 Target Rs.653,

JP ASSOCIATES,
Buy CMP Rs.127 Stoploss Rs.125 Target Rs.133,

HPCL,
Buy CMP Rs.358 Stoploss Rs.355 Target Rs.365,

VOLTAS,
Buy CMP Rs.172 Stoploss Rs.170 Target Rs.178,

REC,
Buy CMP Rs.283.60 Stoploss Rs.279 Target Rs.290,

Free intraday trading calls for 28/05/2010

2010-05-28T08:25:00.000+05:30

FDC,
Buy CMP Rs.92 Stoploss Rs.91 Target Rs.95,

TVS MOTOR,
Buy CMP Rs.97.75 Stoploss Rs.95 Target Rs.103,

PENNAR INDUSTRIES,
Buy CMP Rs.38.35 Stoploss Rs.37 Target Rs.40,

VOLTAS,
Buy CMP Rs.171 Stoploss Rs.1692 Target Rs.180,

AVAYA GLOBAL,
Buy CMP Rs.282.25 Stoploss Rs.274 Target Rs.293,

MAYTAS INFRA,
Buy CMP Rs.188.10 Stoploss Rs.185 Target Rs.195,

Free intraday trading calls for 25/05/2010

2010-05-25T08:46:00.001+05:30

BANK OF BARODA,
Buy CMP Rs.688.80 Stoploss Rs.678 Target Rs.795,

LUPIN,
Buy CMP Rs.1806.60 Stoploss Rs.1779 Target Rs.1860,

DLF,
Sell CMP Rs.264 Stoploss Rs.267 Target Rs.258,

UNITECH,
Sell CMP Rs.68 Stoploss Rs.70 Target Rs.64,

HDFC,
Sell CMP Rs.2664.10 Stoploss Rs.2704 Target Rs.2597,

Free intraday trading calls for 24/05/2010

2010-05-24T08:43:00.000+05:30

IFCI :
Buy above – 52 for targets of 53.1 & 54.25. SL of 50.9,
Sell below – 51 for targets of 49.9 & 48.95. SL of 52.2,

REC :
Buy above – 275 for targets of 280 & 286. SL of 269,
Sell below – 269 for targets of 265 & 260. SL of 274,

Free intraday trading calls for 20/05/2010

2010-05-20T09:01:00.000+05:30

TRIVENI ENGG,
Sell CMP Rs.102 Stoploss Rs.104 Target Rs.96,

CENTURY TEXTILES,
Sell CMP Rs.450 Stoploss Rs.468 Target Rs.420,

REL CAPITAL,
Sell CMP Rs.635 Stoploss Rs.640 Target Rs.620,

MTNL,
Sell CMP Rs.56 Stoploss Rs.58 Target Rs.51,

EVEREST KANTO,
Buy CMP Rs.141 Stoploss Rs.137 Target Rs.150,

HYDERABAD INDUSTIRES,
Buy CMP Rs.696 Stoploss Rs.680 Target Rs.730,

Free intraday trading calls for 19/05/2010

2010-05-19T08:28:00.000+05:30

STERLITE INDUSTRIES,
Sell CMP Rs.688 Stoploss Rs.695 Target Rs.650,

CAIRN,
Sell CMP Rs.290.15 Stoploss Rs.293 Target Rs.278,

RELIANCE,
Sell CMP Rs.1021 Stoploss Rs.990 Target Rs.1036,

SIEMENS,
Sell CMP Rs.683 Stoploss Rs.690 Target Rs.650,

AREVA T&D,
Sell CMP Rs.261 Stoploss Rs.270 Target Rs.245,

CROMPTON,
Sell CMP Rs.243 Stoploss Rs.252 Target Rs.225,

Free intraday trading calls for 12/05/2010

2010-05-12T08:33:00.001+05:30

BAJAJ AUTO FINANCE,
Buy CMP Rs.451 Stoploss Rs.445 Target Rs.490,

STERLITE TECH,
Buy CMP Rs.96 Stoploss Rs.94 Target Rs.102,

UNITED PHOSPH,
Buy CMP Rs.174 Stoploss Rs.172 Target Rs.186,

INDIABULLS FIN,
Buy CMP Rs.152 Stoploss Rs.150 Target Rs.165,

CHOLA DBS,
Buy CMP Rs.132 Stoploss Rs.129 Target Rs.150,

Free Intraday Trading Calls of the Day 10/05/2010

2010-05-10T08:42:00.000+05:30

ANSAL PROPERTIES,
Buy CMP Rs.83.75 Stoploss Rs.82 Target Rs.95,

DALMIA CEMENT,
Buy CMP Rs.260 Stoploss Rs.255 Target Rs.290,

EDUCOMP,
Buy CMP Rs.628 Stoploss Rs.615 Target Rs.660,

HPCL,
Buy CMP Rs.335.25 Stoploss Rs.332 Target Rs.343,

PATNI,
Buy CMP Rs.560 Stoploss Rs.550 Target Rs.580,

VOLTAS,
Buy CMP Rs.171 Stoploss Rs.168 Target Rs.178,

Free Intraday Trading Calls of the Day 05/05/2010

2010-05-05T08:24:00.000+05:30

BALRAMPUR CHINI,
Sell CMP Rs.75.55 Stoploss Rs.77 Target Rs.69,

JP ASSOCIATE,
Sell CMP Rs.140 Stoploss Rs.144 Target Rs.130,

BAJAJ HINDUSTAN,
Sell CMP Rs.118.45 Stoploss Rs.120 Target Rs.112,

NEYVELLI LIGNITE,
Sell CMP Rs.148 Stoploss Rs.150 Target Rs.140,

AXIS BANK,
Sell CMP Rs.1250 Stoploss Rs.1265 Target Rs.1220,

Mandhana Industries Limited IPO

2010-04-24T16:04:00.000+05:30

Mandhana Industries Limited is vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing. Mandhana's business includes designing, yarn dyeing, weaving, processing, dyeing and garment manufacturing.

Mandhana Industries currently carries out its garment manufacturing operations with 1,150 sewing machines with an overall production capacity of 36.00 lacs pieces per annum. In addition, they are also equipped to perform decoration and surface ornamentation processes like embroidery, printing & washing. As of December 31, 2009, the Company’s export customers constituted around 100 customers, which includes brands/labels and retail chains for garments including Tommy Hilfiger, Charles Vogele, FCUK, RIP CURL, All Saints, Simint, Pepe Jeans, LAFUMA, Auchan, Ben Sherman, Valentino, Colin’s and Newyorker.

The Company also getting revenue from sale of yarn, with the yarn dyeing capacity of 30 lac kgs per annum. The Company caters to clients like Aditya Birla Nuvo (manufacturers of brands like Louis Phillipe, Van Heusen, Peter England, Allen Solly), Pantaloon Retail, ITC (manufacturer of brand Wills LifeStyle), Woodland, Liliput, Blackberry, Indian Terrain Clothing, Colorplus Fashion, Turtle, PJL Clothing India Limited (manufacturers of the brand Pepe in India), Gini and Jony Limited and S-Oliver.

Company Promoters:
The Promoters of Mandhana Industries Ltd are:

1. Mr. Purushottam Mandhana,
2. Mr. Biharilal Mandhana,
3. Mr. Manish Mandhana,
4. Purushottam Mandhana (HUF),
5. Mr. Priyavrat Mandhana.

Objects of the Issue:
The Objects of the Issue are:

1. Setting up of new garment manufacturing facility at MIDC, Tarapur Maharashtra;
2. Expansion of yarn dyeing and weaving facility at MIDC, Tarapur, in the State of Maharashtra;
3. Margin Money for Working Capital;
4. General Corporate Purpose; and
5. Meeting issue expenses.

Issue Detail:

»» Issue Open: Apr 27, 2010 - Apr 29, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 8,300,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 99.60 - 107.90 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 120 - Rs. 130 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE

Satluj Jal Vidyut Nigam Ltd (SJVNL) IPO

2010-04-24T16:01:00.000+05:30

Satluj Jal Vidyut Nigam Ltd (formerly Nathpa Jhakri Power Corporation Limited - NJPC) is a hydroelectric power generation company, originally established as a joint venture of the Government of India ( GOI ) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects. The present authorized share capital of SJVN is Rs 7000 crores.

The Nathpa Jhakri Hydro – Electric Power Station– NJHPS ( 1500 MW ) was the first project undertaken by SJVN for execution. The 1500 MW NJHEP has been designed to generate 6612 MU of electrical energy in a 90% dependable year with 95 % machine availability. It is also providing 1500 MW of valuable peaking power to the Northern Grid. Out of the total energy generated at the bus bar, 12 percent is supplied free of cost to the home state i.e. Himachal Pradesh. From the remaining 88% energy generation, 25% is supplied to HP at bus bar rates. Balance power has been allocated to the beneficiary states / UTs of Northern Region by Ministry of Power, Government of India.

SJVN is currently constructing the 412 MW Rampur Hydro Electric Project in the state of Himachal Pradesh. SJVN is also implementing three hydro projects (252 MW Devsari, 60 MW Naitwar Mori and 51 MW Jakhol Sankri) in the state of Uttarakhand. Further, SJVN has also been allocated Luhri Hydro Electric Project (775 MW) and Dhaulasidh HEP (66 MW) in the state of Himachal Pradesh for preparation of Detailed Project Report and subsequent execution. Further, SJVN is entering into a Joint Venture for the implementation of 1500 MW Tipaimukh HE Project in Manipur with an equity participation to the extent of 26%.

Company Promoters:
Company's majority Promoter, the GoI (including through nominees) currently holds 75% of the paid-up share capital and will continue to hold majority of the post-Offer paid-up capital of the Company. The Governor of Himachal Pradesh (including through nominees) currently holds the remainder 25% of the paid-up share capital of the Company.

Objects of the Issue:
The object of the issue is to achieve the benefits of listing on the Stock Exchanges and to carry out the transfer of 410,881,400 Equity Shares by the Selling Shareholder. Listing of the Equity Shares will create liquidity in the Equity Shares through the creation of a public market for the Equity Shares in India.

Issue Detail:

»» Issue Open: Apr 29, 2010 - May 03, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 410,881,400 Equity Shares of Rs. 10
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE

Tarapur Transformers Limited IPO

2010-04-24T15:57:00.000+05:30

Tarapur Transformers Limited is in the business of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power & distribution transformer, Rectifier Transformer, Furnace Duty Transformer, Electric Locomotive Transformer, Electric Traction substation Transformer, Dry type transformer, Potential Transformer, Special purpose transformers.

Tarapur Transformers manufacture Transformers up to 220 KV class, having an installed capacity of manufacturing of 1839.40 MVA & repairing of 1800 MVA per annum.

Tarapur currently operates through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Area village Pali, At & PO – Posheri Taluka – Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi, Vadodara. Company's Boisar unit mostly undertakes the repairing & refurbishment, rehabilitation & upgradation of transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing of transformers per annum. Tarapur's Pali unit is equipped with modern state of art infrastructure facilities & technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum and Vadodara unit is engaged in manufacturing of Current Transformers Potential Transformer normally called as CTPT and Distribution Transformers ranging from 10 KVa/11Kv to 100KVa/11Kv with installed capacity of 39.40 MVA per annum.

Company Promoters:
The Promoters of company's are:

1. Suresh Kumar Choudhary aged 51 years one of the founder promoters of M/s Bilpower Limited.
2. Naresh Kumar Choudhary aged 50 years, is a Non Executive Non Independent Director of the company.
3. Rajendra Kumar Choudhary aged 49 years, Director of the company.

Objects of the Issue:
The objects of the Issue are:
1. Expansion and Modernization of our Pali Unit;
2. To part-finance incremental working capital requirements;
3. To part-finance the acquisition of business;
4. To part –finance the marketing and corporate branding expenses;
5. To part –finance the general corporate Expenses;
6. To meet the expenses of the Issue.

Issue Detail:

»» Issue Open: Apr 26, 2010 - Apr 28, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 8,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 55.25 - 63.75 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 65 - Rs. 75 Per Equity Share
»» Market Lot: 90 Shares
»» Minimum Order Quantity: 90 Shares
»» Listing At: BSE, NSE

Talwalkars Better value Fitness Ltd IPO

2010-04-24T15:51:00.000+05:30

Talwalkars Better Value Fitness Limited owns one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand 'Talwalkars'. Talwalkars first gym was setup in the year 1932.

As of today, Company operates 51 health clubs in 24 cities of 11 states across the country serving over 55,000 members. Talwalkars were the Official Fitness Partners for Standard Chartered Mumbai Marathon in 2008 and 2009 and Femina Miss India Contest in 2009.

Company Promoters:
The Promoters of Talwalkars Better value Fitness Ltd are:

1. Mr. Madhukar Vishnu Talwalkar
2. Mr. Prashant Sudhakar Talwalkar
3. Mr. Vinayak Ratnakar Gawande
4. Mr. Girish Madhukar Talwalkar
5. Mr. Harsha Ramdas Bhatkal and Mr. Anant Ratnakar Gawande.

Objects of the Issue:
The objects of the Issue are:

(1) Setting up of additional health clubs;
(2) Repay certain unsecured loans availed by company; and
(3) Meet Issue related expenses.

Issue Detail:

»» Issue Open: Apr 21, 2010 - Apr 23, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,050,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 74.42 - 77.44 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 123 - Rs. 128 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE