STOCK BUZZ

The IPO of the state-run Rural Electrification Corporation (REC) got subscribed 27.91 times with an overwhelming bidding for 435 Crores equity shares. Qualified Institutional Buyers (QIBs) segment of the IPO subscribed of about 39.30 times. Non Institutional Investor (NII) of about 27.12 times. REC is offering 156.12 million shares through the IPO at a price band of Rs 90-105 a piece. At nearly 28 times the issue size, the IPO has received bids worth nearly Rs 45,000 crore. Allotment expectation is 120 to 130 shares for the application of 1 lakh (maximum) in the retail category. Allotment is due on March 07 and refund process will start from March 10.

Reliance Power The Reliance Power Board has approved a bonus issue of 3:5 shares, which essentially means that the company will issue 3 shares for every 5 held. Chairman, Anil Ambani says that the bonus share issue is only for non-promoters. The company says that the number of retail shareholders have increased in the last 10 days. The b onus is said to reduce IPO cost to Rs 269 for retail investors, t o protect dilution of REL stake in Reliance Power. REL will be compensated by making up 2.6% from Ambani's own stake. Ambani said that his personal stake in Reliance Power has been diluted to 40% versus 45%. He added that the p ublic will hold 15% in Reliance Power.

IRB Infrastructure Developers Limited IRB Infrastructure Developers Limited is going to list on monday, Feb 25.The company issued shares at a price of Rs. 185 Per share (Face Value ofRs. 10/- and Premium of Rs. 175) in the recently concluded IPO. In the good market conditions it will list around Rs 235 to Rs 250. It can see the intraday levels of Rs 270 to Rs 285. One can book profit at Rs 250.Otherwise, Investors can hold the stock for better price in short term. BSE Scrip Code is 532947 and NSE symbol will be ‘IRB’. The ISIN Code of thecompany is INE821I01014.

Tulsi Extrusions Limited Tulsi Extrusions Limited will be list on Monday, Feb 25. The company issued shares at a Price of Rs. 85 Per share (Face Value of Rs. 10/- and Premiumof Rs. 75) in the recently concluded IPO.In the good market conditions it will list around Rs 90 to Rs 95. It can see the intraday levels of Rs 105 to Rs 110. We may see some price manipulation on the listing day and if the stock shows unusual pricemovements, it is strongly advised to book profit at higher levels. NSE Symbol will be’ TEL’ and BSE Scrip Code will be 532948. The ISIN Codeof the company is INE474I01012.

Apply for Rural Electrification Corporation Limited IPO > Feb 22nd last day for application. Rural Electrification Corporation Limited IPO : In the good market conditions, expected subscription could be around 5 to 7 times in the retail category. Subscription will be better in the HNI & QIB category then retail.

Investors in Reliance Power, which staged India's biggest public offering last month, could receive bonus shares to compensate them for sharp falls in its stock price. The proposed bonus share issue for minority investors is unusual for a publicly listed company. It appears aimed at restoring trust in the group's holding company, Reliance Anil Dhirubhai Ambani Group, which is controlled by Anil Ambani, the billionaire businessman. Shares in Reliance Power have plunged 15 per cent from its IPO price of Rs450 since trading began on Monday last week, following a 20 per cent fall in the broader market. At one point they fell by as much as 25 per cent. The company yesterday alleged that "unscrupulous rival corporate interests" had conducted a "vicious and orchestrated campaign" of market manipulation to undermine its offering. "Reliance Power has formally written to the Securities and Exchange Board of India seeking an investigation," the group said, wi...

Pipavav Shipyard Pipavav Shipyard files IPO papers, to raise $ 200m Pipavav Shipyard has filed IPO papers with market regulator, Sebi. The company will dilute 10% stake through this issue, reports CNBC-TV18 quoting sources. It will raise USD 200 million and valued at USD 2 billion. Punj Lloyd holds 25% stake in Pipavav Shipyard Pre-IPO. It had bought 25% stake for USD 100 million and that stake now valued at around USD 450 million.

IPO News Rural Electrification Corporation Limited IPO : Rural Electrification Corporation Limited IPO opens Feb 19 and closes on Feb 22. Price band - Rs 90/- to Rs 105/- Per Equity Share. CRISIL has given grade 3. Reliance Entertainment IPO : Reliance Anil Ambani group is now coming up with Reliance Entertainment IPO. Reliance Entertainment will file DHRP with SEBI after the budget 2008. KNR Constructions Limited IPO Allotment : Allotment expectation is 525 (firm) shares for the application of 1 lakh (maximum) in the retail category. KNR Constructions Limited - allotment is due on 12 Feb. Shriram EPC Limited IPO Allotment : Allotment expectation is 320 (firm) shares for the application of 1 lakh (maximum) in the retail category. Shriram EPC Limited IPO - allotment is due on 14 Feb.

Are you an investor who juggles money from one initial public offering (IPO) to another? Last week’s events in the IPO market might have left many of you puzzled. Wockhardt Hospitals Ltd, despite reducing the price and increasing the time period of the IPO, has scrapped the IPO because it couldn’t raise the desired amount from the float. Emaar MGF Land Ltd, which initially planned to offer its shares in a price band of Rs610-690, brought it down to Rs530-630 in two tranches. Not only this, because of the lacklustre response, it extended the time period of the issue by three more days and then finally, on Friday, scrapped its $1.64 billion (Rs6,478 crore) initial sale of shares following poor investor demand. It’s not the first time this has happened. In August, Puravankara Projects Ltd, another real estate company, had to reduce the price band by 20% from Rs500-525 to Rs400-450, and extend the issue by three days. In May 2006, Deccan Aviation Ltd, the low-cost airline carrier, had to r...

IPO NEWS Reliance Power Allotment : * Reliance Power listing date - 11 Feb. * Click here to check your allotment status. * Rs 71,000 crore was disbursed to unsuccessful applicants by HDFC Bank on a single day on Friday. Reliance Telecom Infrastructure (RTIL) IPO : * Reliance Telecom Infrastructure (RTIL) is planning up to raise nearly Rs 5,000-6,000 crore through an IPO. * Reliance Telecom Infrastructure is going to file the draft red herring prospectus with Sebi this week. And here is the rest of it.

Reliance Power Limited IPO Allotment : * Reliance Power Limited IPO Allotment today. * 15 Shares for the application of Rs 96750 or Rs 25875 (maximum) in the retail category. * No shares will be alloted to those who applied less then Rs 96750 or Rs 25875 (maximum) in the retail category. * Reliance Power received 49 lakh applications. * Around 4 lakh applications has been disqualified, due to several reasons. * Refund process will start from 1 feb. * Listing will take place around 5 feb.

Reliance Power Limited IPO Allotment : o Reliance Power Limited IPO Allotment can come later in the evening today. J.Kumar Infraprojects Limited IPO Allotment : o Allotment expectation is 600 to 625 shares for the application of 1 lakh (maximum) in the retail category. o J.Kumar Infraprojects Limited IPO - allotment is due on 04 Feb. Cords Cable Industries IPO Allotment : o Allotment expectation is 275 to 290 shares for the application of 1 lakh (maximum) in the retail category. o Cords Cable Industries IPO - allotment is due on 05 Feb. And here is the rest of it.

Reliance Power : Lets hope for best as Reliance IPO allotment is on Jan 30th 2008. It seems Reliance Power will be listed around Rs 600 on first day.

Reliance Power : o Reliance Power IPO subscribed 73 times. o Retail subscription is around 15 times. o Allotment expectation - 15 shares for the application of 1 lakh (maximum) in the retail category. .

he mega initial public issue of Anil Dhirubhai Ambani group's Reliance Power became the largest ever in India after over-subscription of more than 10.5 times on its opening day on Tuesday. Offered at a price band of Rs.405-450 for 228 million shares at a face value of Rs 10 each, the issue invited bids for 2,397,558,825 shares, data available with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) showed. The issue closes on January 18. While institutional buyers were required to pay 10 per cent of the subscription money on application, retail investors had to pay Rs 115, which is around 25 per cent of the issue price. In addition, Ambani and his associates bought the promoters' stake of 32 million shares at Rs 450 per share on the opening day. Thirty percent of the 228 million shares have been reserved for retail investors at a discount of 5 per cent. "Within minutes of its opening, the issue was fully subscribed and by the time it ended at 5 pm, the is...

The initial public offer of Kishore Biyani-led Future Capital Holdings got subscribed 8.69 times till the second day of issue today. The public offer expects to raise up to Rs 490 crore. The proceeds would be deployed in the company's consumer credit business -- Future Money -- which was launched in June 2007. Response has seen from qualified institutional investors, whose reserved portion subscribed over 10 times followed by 8 times subscription in retail investors category. The IPO of financial services arm of the retail major Future Group received bids for 5.58 crore equity shares against the 64.22 lakh shares on offer, the data available on the stock exchanges show. The price band for the IPO is between Rs 700-Rs 765 and the issue would close on January 16. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The issue would constitute 10.16 per cent of the post-issue paid-up capital of the company. Kotak Mahindra Capita...

Reliance Power is planning to tap the capital markets with its initial public offer to raise more than Rs 11,000 crore. The IPO will open for subscription on January 15 and will close on January 18. The IPO price band is between Rs 405-450 per share with a lot size of 15 shares and in multiples thereafter. The company is entering the capital market with a public issue of 26 crore-equity shares. Off this, 22.8 crore shares, or 30% of the issue, is reserved for retail investors. So, how should retail investors approach the Reliance Power IPO? The retail category has two payment options. Option one is part payment and the other is a full payment option. Retail investors, who want to make listing gains, should pay upfront. If investors assume that the entire retail subscription will be more than four times, then they should apply for the part payment option. Retail participants will only be able to make listing gains, if their shares are fully paid up. If one looks at the grey market puls...

( Click on Image to Enlarge )

Reliance Power Limited : * HNI subscription will be more then 125 times. * HNI allotment expectation is 900 - 1000 shares. * Grey market premium came down to Rs 350. * Retail investors feel that they will earn more on the listing day rather then selling their application in the greymarket. .

Reliance IPO : Please apply for Reliance IPO >> More than 100% profit Future Capital IPO : This is an Average IPO >> 50 to 70% Profit