IPO Alert Blog

Tirpuati Inks filed a DRHP with SEBI for IPO

Thu, 31 Dec 2009 08:38:13 EST

Tirpuati Inks Limited is planning a public issue of Rs 51.5 crore. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India).

Tirpuati Inks is presently engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. Company source Polyester Films from reputed Suppliers such as Uflex Limited, Polyflex Corporation Limited, etc. and supplies to various customers engaged in the business of Oil, Ghee, Tobacco, Supari, Tea, Spices, Milk, etc. Tirpuati Inks has two manufacturing facilities at Kanpur & Jammu. At Kanpur Unit, printing inks and cylinders are manufactured and at the Jammu Unit only printing inks are manufactured.

Tirpuati Inks Ltd intends to spend the issue proceeds for Setting up facility for manufacturing of Speciality Inks and Ink Concentrates, Capital Expenditure on Lab Equipments for Existing Facilities, Augmenting Working Capital Resources and General Corporate Purposes.

For the year ended Mar 31, 2009, Tirpuati Inks has reported net profit of Rs 80 lakh on total income of Rs 50.2 crore. For the period of six months ended on Sep 30, 2009, it has posted net profit of Rs 1.02 crore on total income of Rs 37.33 crore.

Ashika Capital Ltd is the book running lead manager of the issue and Beetal Financial & Computer Services Pvt Ltd is the registrar.

For more information about Tirpuati Inks IPO Prospectus please visit:

http://www.chittorgarh.com/ipo/ipo_prospectus_list.asp

Fatpipe Networks filed a DRHP with SEBI for IPO

Wed, 30 Dec 2009 09:10:36 EST

Fatpipe Networks India Limited, owned by DR. RAGULA BHASKAR, is planning a public issue of 49 crore. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India).

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.

The company intends to spend the issue proceeds to expand the product line with enhanced Research and Development activities, specifically for development of new product-lines, to establish 16 new Marketing Offices, for strategic acquisition of business and to meet the Public Issue Expenses.

For the year ended March 31, 2009, it has reported profit after tax of Rs 3.99 crore on total income of Rs 42.3 crore. For the period from April-September 2009, it has posted profit after tax of Rs 4.61 crore on total income of Rs 29.57 crore; for the same period - it has debt of Rs 90.27 lakh.

Keynote Corporate Services Ltd is the book running lead manager of the issue and Karvy Computershare Private Limited is the registrar.

For more information about Fatpipe Networks IPO Prospectus please visit:

http://www.chittorgarh.com/ipo/ipo_prospectus_list.asp

Godrej Properties Ltd IPO Listing Info

Wed, 30 Dec 2009 08:44:59 EST

Godrej Properties Limited IPO will list on Tuesday, January 5, 2010. Issue price of this IPO has been fixed at Rs 490/- per share. Godrej Properties IPO subscribed 4.00 times(0.3753 times in retail).

IPO Listing Detail

Listing Date: Tuesday, January 05, 2010
BSE Script Code: 533150
NSE Symbol: GODREJPROP
Listing In: B Group
ISIN: INE484J01019
Issue Price: Rs. 490.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Click on the below link to find more detail about Godrej Properties Ltd IPO:

http://www.chittorgarh.com/ipo/ipo_detail.asp?a=212

JSW Energy Limited IPO Listing Info

Thu, 24 Dec 2009 08:19:32 EST

JSW Energy Limited IPO will list on Monday, January 04, 2010. Issue price of this IPO has been fixed at Rs 100/- per share (A discount of Rs. 5/- was offered to the Retail shareholders). JSW Energy IPO subscribed 1.68 times(0.4040 times in retail).

IPO Listing Detail

Listing Date: Monday, January 04, 2010
BSE Script Code: 533148
Listing In: B Group
ISIN: INE121E01018
Issue Price: Rs. 100.00 Per Equity Share (Rs 95 for Retail)
Face Value: Rs. 10.00 Per Equity Share

Click on the below link to find more detail about JSW Energy Limited IPO:

http://www.chittorgarh.com/ipo/ipo_detail.asp?a=211

Gallantt Ispat filed a DRHP with SEBI for Fixed price issue

Wed, 23 Dec 2009 09:53:52 EST

Gallantt Ispat Limited is one of the growing companies in Uttar Pradesh engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Mild Steel Structural) and wheat flour products.

Gallantt Ispat was incorporated in February 2005 at Kolkata and is promoted by Mr. Chandra Prakash Agrawal, Mr. Prem Prakash Agarwal, Mr. Nitin M Kandoi, M/s Chandra Prakash Agarwal & Sons HUF and M/s Gallantt Metal Ltd.

Gallantt has planned an initial public offering (IPO) of 81,00,000 equity shares of Rs 10 each for cash at a price of Rs 50 per equity share aggregating to Rs 40.5 crore. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India) on December 18, 2009.

Gallantt Ispat intends to spend the issue proceeds for to part finance the integrated steel plant consisting of the following modules.
1. Sponge Iron Plant with a capacity of 99,000 MTPA
2. M.S Billets with a capacity of 1,62,380 MTPA
3. Re-Rolled Products with a capacity of 1,67,400 MTPA
4. Captive Power Plant with a generating capacity of 16 MW
Also to part finance the Flour Mill with a capacity of 1,80,000 MTPA and Listing of securities on Stock Exchanges.

For the year ended March 31, 2009, GGallantt has reported net loss of Rs 12.60 lakh on total income of Rs 3.25 crore. For the period of five months from April-August 2009, it has posted net loss of Rs 1.3 crore on total income of Rs 41.29 crore.

Anand Rathi Advisors Ltd is the book running lead manager of the issue and Niche Technologies Private Limited is the registrar.

For more information about Gallantt Ispat IPO Prospectus please visit:

http://www.chittorgarh.com/ipo/ipo_prospectus_list.asp

Sumatex Ltd filed a DRHP with SEBI for IPO

Sat, 19 Dec 2009 20:02:52 EST

Sumatex Limited, owned by Mr Sudeep Malu, is a textile engineering company established in January, 1998. Sumatex is the first Indian company who manufacture electronic controlled Computerized Pattern Maker (CPM) Ranging from 24 - 6000 hooks in different models for different means and purposes.

Sumatex is planning a public issue of 70,00,000 equity shares of Rs 10 each. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India) on December 18, 2009.

Sumatex intends to spend the issue proceeds for Setting up of additional unit at Bhilwara for expansion plan, Setting up of Research and Development Centre, Meeting the Margin Money for Working Capital and for Issue related expenses.

For the year ended June 30, 2009, the company reported profit after tax of Rs 100.38 Lacs on total income of Rs 1853.04 Lacs and for the period ended October 2009, it has posted profit after tax of Rs 44.91 crore on total income of Rs 657.14 crore.

Ashika Capital Limited is the book running lead manager of the issue and Adroit Corporate Services Pvt. Ltd. is the registrar.

For more information about Sumatex IPO Prospectus please visit:

http://www.chittorgarh.com/ipo/ipo_prospectus_list.asp

Talwalkars filed a DRHP with SEBI for IPO

Thu, 17 Dec 2009 20:09:19 EST

Talwalkars Better Value Fitness Limited, owned by Mr. Madhukar Talwalkar, is planning a public issue of 6,050,000 equity shares of Rs 10 each. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India).

Talwalkars is 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". As of today company is operating 51 health clubs in 24 cities across the country serving over 55,000 members.

The company intends to spend the issue proceeds for setting up of additional health clubs, repay certain unsecured loans and for Issue related expenses.

For the year ended March 31, 2009, the company reported profit after tax of Rs 56.87 Million on total income of Rs 594.24 Million and for the period ended April - September 2009, it has posted profit after tax of Rs 31.90 crore on total income of Rs 358.82 crore.

India Infoline Ltd is the book running lead manager of the issue and Link Intime India Ltd is the registrar.

For more information about Talwalkars IPO Prospectus please visit:

http://www.chittorgarh.com/ipo/ipo_prospectus_list.asp

Change in BSE and NSE Trading timings (from Jan 04 2009)

Thu, 17 Dec 2009 19:19:30 EST

Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) issued a circular informing about the new trading timings.

As per the circular the trading will start at 9:00 AM and end at 3:30 PM starting from January 4, 2010. Both equity and equity derivatives segments will be affected with these trading timings.

D B Corp Ltd IPO finally subscribed 39.54 times

Tue, 15 Dec 2009 09:14:09 EST

D B Corp Ltd IPO finally subscribed 39.54 times on its closing day. D B Corp IPO was open on December 11, 2009 and closes today for subscription. D B Corp has received bids for 58,92,82,680 shares as against issue size of 1,49,03,500 shares. Retail quota of the issue subscribed 3.4209 times and QIB's subscribed 68.5217 times. Non Institutional category subscribed 26.1732 times.

D.B. CORP LIMITED - Bid details

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	7633500	523060590	68.5217
1(a)	Foreign Institutional Investors (FIIs)		306737340
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		82487490
1(c)	Mutual Funds		133835760
1(d)	Others		0
2	Non Institutional Investors	1817500	47569830	26.1732
2(a)	Corporates		24494040
2(b)	Individuals (Other than RIIs)		18368460
2(c)	Others		4707330
3	Retail Individual Investors (RIIs)	5452500	18652260	3.4209
3(a)	Cut Off		16922340
3(b)	Price Bids		1729920

D B Corp IPO Allotment Status can be seen in next few days. Click on the below link to find more detail about D B Corp Ltd IPO including D B Corp IPO Allotment Status, D B Corp IPO Listing Date and D B Corp Ltd IPO grey Market Premiums:

http://www.chittorgarh.com/ipo/ipo_detail.asp?a=213

MBL Infrastructures IPO - Option to withdraw application

Mon, 14 Dec 2009 08:15:03 EST

SEBI asked to offer withdrawal option to MBL Infrastructures IPO investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus.

Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.

This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.

For more detail and discussions about IPO withdrawal options visit:
http://www.chittorgarh.com/ipo/ipo_detail.asp?a=210