Indian IPO Blog

ICICI Securities expects IPO market to do better in 2012

2012-01-26T05:11:00.002+05:30

According to ICICI Securities, the primary market or the market of Initial Public Offers (IPOs) is likely to be better in the current calendar year on the back of an easing interest rate environment "We hope that it will be better in the current calendar year in comparison to last year as the reverse rate cycle is likely to set in," ICICI Securities Managing Director and Chief Executive Officer

Difference between Tax Saving and Tax Free Bonds

2012-01-25T20:06:00.002+05:30

A lot of investors tend to get confused between the two types of tax-friendly avenues that are getting popular these days - Tax Free Bonds and Tax Saving Bonds. However, it is critical to note the difference between the two Tax Saving Bonds are Long Term Infrastructure Bonds issued in pursuance of Section 80CCF of the Income Tax Act, 1961 which was introduced as part of offering investors tax

HUDCO Tax Free Bonds Interest Rates and Details

2012-01-25T19:13:00.000+05:30

HUDCO is coming up with a Tax-Free Bond Issue, which would open for subscription from Friday, January 27, 2012 Issue Size and Credit Ratings: The issue size of the bond issue would be Rs. 4,684.72 crores and the issue has been rated by CARE and Fitch. Fitch Ratings has given a rating of Fitch AA+ and CARE AA+ by CARE, which is one notch below the maximum rating Face Value and Minimum

Indian Railways Finance Corporation (IRFC) Tax Free Bonds Details

2012-01-24T18:06:00.001+05:30

Indian Railway Finance Corporation Limited (IRFC) has issued Tax Free Bonds to raise money from the market to finance the outlay of Indian Railways. The issue would open for subscription from Friday, January 27, 2012 and the scheduled date of closure would be Friday, February 10, 2012 Issue Size and Credit Ratings: The issue size is Rs. 6,300 crores and the issue has been rated CRISIL AAA

Top 3 Performing IPOs of 2011

2012-01-24T17:41:00.000+05:30

The calendar year 2011 was not the best of the years when it came to Indian Capital Markets and particularly for the IPO market. However, there were three companies that have so far excelled in performance post listing (in terms of current market price): 1. Onelife Capital Advisors Ltd. Onelife Capital Advisors is a financial service company offering investment banking services and portfolio

RINL IPO and NBCC IPO may hit the streets soon

2012-01-24T17:10:00.001+05:30

According to a report in Economic Times, The government plans to come out with two initial public offers (IPO) - Rashtriya Ispat Nigam Limited(RINL) and National Building Construction Corporation (NBCC) - to raise about Rs 3,000 crore in the current fiscal itself as part of its efforts to garner funds The year of 2011 has not been the best of the years for IPO and the government would be looking

SEBI introduces call auction session to curb IPO listing volatility

2012-01-24T16:58:00.001+05:30

The market watchdog SEBI has said that normal trading upon listing of an IPO can now take place only after a call auction session. This is primarily a move to check volatile price movements on the first day of trading in newly listed and re-listed stocks SEBI has been looking for a mechanism to curb the volatility on the listing day particularly in the light of many recent listings whereby the

Vodafone's big win would clear road for IPO

2012-01-22T18:22:00.010+05:30

The Supreme Court has made a historical judgement and ruled in favour of Vodafone in a tax case that was pending since a long time. The court has made a critical judgement stating that the Indian tax department cannot tax the transaction that saw Vodafone acquire 67 per cent stake in Hutchison Essar, a mobile phone operator in India in 2007. The deal was for a staggering Rs.55,000 crores or

Mutual Fund NFO: Indiabulls Mutual Fund launches Indiabulls Bluechip Fund NFO

2012-01-20T18:17:00.000+05:30

Indiabulls Mutual Fund has launched Indiabulls Bluechip Fund. The scheme will be jointly managed by Aviral Gupta, Amarjeet Singh and Sumit Bhatnagar The investment objective of the scheme would be to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of blue-chip large-cap companies. The New Fund Offer (NFO) has opened

Indiabulls Bluechip Fund NFO Details

2012-01-20T18:16:00.000+05:30

Type of scheme: Open-Ended NFO opens from: January 20, 2012 NFO closes on: February 3, 2012 Benchmark Index: S&P CNX Nifty Minimum Application Amount: Rs.5,000 for lumpsump application and Rs. 1,000 for SIP Options: Growth & Dividend (Dividend Re-investment & Dividend Pay-out) Exit Load: 1% if redeemed/switched out within first year, NIL if redeemed/switched out after 1 year

Vodafone appoints Investment Banker for IPO

2012-01-19T18:27:00.000+05:30

Vodafone, the UK-based telecom major, has appointed investment bank NM Rothschild to assist the listing plans, reported in Economic Times quoting sources Sources said Rothschild will assist Vodafone to clear the regulatory hurdles, help in price discovery and valuation, restructure the complicated shareholding pattern and even help appoint the book-runners at a later stage. Last year, the

Reliance buyback can be the biggest in history

2012-01-18T22:55:00.004+05:30

Reliance Industries Ltd. led by billionaire Mukesh Ambani, has informed the NSE and the BSE that the company is considering a proposal to buyback equity shares at a board meeting scheduled to be held on January 20, 2012 A notice on the BSE website read: "Reliance Industries Ltd. has informed BSE that a meeting of the Board of Directors of the Company will be held on January 20, 2012, inter alia,

Reliance Industries considering buyback

2012-01-18T22:14:00.002+05:30

Reliance Industries Ltd has informed the NSE and the BSE that the company is considering a proposal to buyback equity shares at a board meeting scheduled to be held on January 20, 2012. There is speculation that it could be around 10-12 per cent of the existing equity of Reliance Industries Limited Click here for more on Reliance Industries Buyback from Indian IPO Blog Buzz

Morgan Stanley launches Morgan Stanley Multi Asset Fund

2012-01-18T21:46:00.000+05:30

Morgan Stanley has launched Morgan Stanley Multi Asset Fund, an open-ended debt fund, with an aim to generate regular income for its customers. The NFO opens for subscription on Tuesday, January 17, 2012 and will close on Tuesday, January 31, 2012 The minimum subscription amount to the scheme is Rs5,000. The scheme has two plans—A and B, and both the options will have exposure to debt and

SEBI IPO Crackdown continues with Taksheel Solutions IPO

2012-01-18T21:38:00.001+05:30

SEBI has been on a roll with crackdowns on IPOs. Now, as part of a crackdown by the Securities & Exchange Board of India (SEBI) on manipulation of public offerings, Taksheel Solutions Limited (TSL), its directors, key executives and its merchant banker, PNB Investment Services (PNB) are among those barred from accessing the capital markets Investigations into the matter revealed that Taksheel

Franklin Templeton launches India Feeder Fund

2012-01-18T21:33:00.001+05:30

Franklin Templeton has launched Franklin Templeton India Feeder - Franklin US Opportunities Fund, an open ended fund which will invest into the Luxembourg domiciled Franklin US Opportunities Fund (Master Fund), which in-turn invests in US based companies across different sectors Franklin US Opportunities Fund (Master Fund) follows a combination of bottom up and top down approach and has major

We've added new sections!

2012-01-17T18:25:00.001+05:30

Keeping in pace with the developments in the world of investing in India, Indian IPO Blog would now also report on a wider spectrum of investing avenues in India. We would now also feature posts on Bonds, Debentures as well as New Fund Equity Offers from Mutual Funds in India. The IPO news and updates would continue as usual (Learn more....) We'd be covering the newer areas in same old format

PTC India Financial Services (PFS) Long Term Infrastructure Bonds - Series 2 Details

2012-01-17T18:05:00.002+05:30

PTC India Financial Services (PFS) Long Term Infrastructure Bonds, which carry benefit under Section 80CCF of the Income Tax Act, 1961, will be open till February 29, 2012 Following are the salient features of the bonds: PTC India Financial Services (PFS) Long Term Infrastructure Bonds - Series 2 Details: Eligibility: Resident Indian Individuals and HUFs Application Size: The lots for

SEBI crackdown on Tijaria Polypipes IPO

2012-01-17T16:48:00.001+05:30

As part of the nationwide crackdown on Initial Public Offerings (IPO), the Securities Exchange Board of India (SEBI) has barred Tijaria Polypipes (TPL) as well as several individuals and stock brokers from accessing the securities market Earlier, SEBI had received a complaint alleging insider trading and artificial volumes had caused huge losses to retail investors. An investigation exposed a

India's first online Retail Government Security Portal launched by IDBI Bank

2012-01-16T18:15:00.000+05:30

Retail Investors would have one more investment avenue in the form of Government Securities now. IDBI Bank Ltd. has launched India's first online retail G-Sec Portal. This Portal provides an opportunity for retail investors to invest in Government securities. Government Securities are bonds issued, by Central and State Government IDBI Bank Ltd. launched the portal with the name "IDBI Samriddhi

Vishwanath Sugar and Steel proposes IPO

2012-01-16T18:03:00.000+05:30

Vishwanath Sugar and Steel Industries Ltd. said on Monday that it has filed for an Initial Public Offering to raise around 3.74 billion rupees. The company produces sugar, alcoholic spirits by distillation including ethanol, blending and bottling of indian made foreign liquor and generation of power Stay tuned for more on the IPO!

L&T Infrastructure Finance Tax Saving Bonds (Tranche - 2) Details

2012-01-15T23:39:00.001+05:30

L&T Infrastructure Finance Company has issued Tranche 2 bonds through a public issue of Long Term Infrastructure Bonds with a Face Value of Rs 1,000 each in the nature of secured, redeemable, non-convertible debentures having benefits under Section 80CCF of the Income Tax Act, 1961 The Tranche 2 Bond Issue has opened from January 10, 2012, and will close on February 11, 2012, or earlier, as

Section 80CCF Tax Saving Bonds: REC Long Term Infra Bonds Details

2012-01-15T23:07:00.004+05:30

REC Long Term Infrastructure Bond-Series (2011-12), which carries benefit under Section 80CCF of the Income Tax Act, 1961, has opened from December 19, 2011 and will be open till February 10, 2012 Following are the salient features of the bonds: REC Long Term Infrastructure Bonds (Series - 2011-12) Details: Eligibility: Resident Indian Individuals and HUFs Application Size: The lots for

IDFC Tax-Saving Bonds - Tranche 2 - Section 80CCF Bonds Details

2012-01-15T16:16:00.000+05:30

IDFC Long-term Infrastructure Bonds – Tranche 2, a tax saving bond issue having benefit under Section 80 CCF of Income-Tax Act, 1961 is open for subscription till February 10, 2012 The following are the details of the bonds: Eligibility: Resident Indian Individuals and HUFs Application Size: The lots for application would be 2 Bonds and in multiples of 1 Bond thereafter. Face Value: Rs

Section 80CCF Tax Saving Bonds - SREI Infrastructure Long Term Infrastructure Bond-Tranche 1

2012-01-15T15:54:00.005+05:30

SREI Infrastructure Long Term Infrastructure Bond - Tranche 1, a bond issue covered by the benefit of Section 80CCF of the Income Tax Act, 1961 has been launched. The Issue will remain open till January 31, 2012 The following are the details of the bonds: Eligibility: Resident Indian Individuals (Minors not eligible) and HUFs Application Size: The lot for application would be 1 Bond and