03 December 2012

Forthcoming IPOs


Chain of Tax Free Bonds & Equity IPOs are hitting the market in the coming days.
1. REC Tax Free Bonds - IPO open today
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  • Allotment on first come first serve basis.  
  • Interest rates for retail investors - 7.88% for 15 years & 7.72% for 10 years.
  • Retail investors can apply up to Rs.10 lacs.
  • 11.40% post tax return for investors in the 30% tax bracket.
2. Credit Analysis and Research Limited (CARE Limited) - 07/12/2012 to 11/12/2012
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  • Price band Rs.700/- to Rs.750/-.
  • Minimum application 20 shares and in multiples of 20.
3. Bharti Infratel Limited - 11/12/2012 to 14/12/2012
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  • Price band Rs.210/- to Rs.240/-. 
  • Rs.10/- discount for Retail applications. 
  • Minimum application 50 shares and in multiples of 50.  
Remember, a Demat account is compulsory for applying Equity IPOs

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