08 December 2012

IPO, Grey market premium - 9 Dec


IPO
Opening Dt
Closing Dt
Band
Retail Discount
Grey Market Premium
Veto


48-50
0
Discount






CARE
07-Dec-12
11-Dec-12
700 - 750
0
150






PC Jeweller Limited
10-Dec-12
12-Dec-12
125 - 135
5
10






BHARTI INFRATEL
11-Dec-12
14-Dec-12
210 - 240
10
Discount






Rural Electrification (REC) NCD
03-Dec-12
10-Dec-12
1000
0
80

CARE: Bonanza for existing shareholders, says V S Fernando


The Offer
Nine existing shareholders of CARE namely IDBI Bank , Canara Bank , SBI , IL&FS , Federal Bank , Tata Investment , ING Vysya , ILFS Trust and Milestone Trusteeship offer for sale a part of their holdings aggregating to 71,99,700 shares which constitute 25.2% of the company’s equity capital of Rs 28.55 cr. Not more than 35,99,850 shares are earmarked for QIBs. Not less than 10,79,955 shares are meant for Non-Institutional category and not less than 2,519,895 shares are reserved for Retail investors. The offer is being made through book building route with a price band of Rs 700 to Rs 750. Investors should apply for a minimum of 20 shares and multiples thereof.

A gentle reminder on current IPOs.....


A gentle reminder on current IPOs.....
1. REC Tax Free Bonds 
    ---------------------
  • Issue very much open & closes on 10/12/2012.
  • 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)
    -------------------------------------------------------
  • Issue opens today & closes on 11/12/2012.
  • 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
    -----------------------    -----------------------------
  • 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.
Tax Free Bonds also can be subscribed in the Demat route (same Demat account).

Bharti Infratel Ltd. IPO


Bharti Infratel Limited IPO
 
  •         Issue Period: Dec 11, 2012 - Dec 14, 2012
  •         Issue Price: Rs. 210 - Rs. 240 Per Equity Share (Retail Discount of Rs.10)
  •         Minimum Order Quantity: 50 Shares
  •         Issue Size: Rs. 3,966.90 - 4,533.60 Crore
  •         Retail Allocation: 35% of the issue size i.e., 66115000 shares.
 

RR Research: PC Jewellers Ltd. IPO Note


Dear Reader,
 
PC Jewellers Ltd., a well established Jewellery retailer, is entering in the capital markets with an initial public offering of 45,133,500 equity shares of Rs 10 each. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. They provide 100% hallmarked jewellery and certified diamond jewellery....
 
 
Please follow the link below for full reading....
 
 
 
 
 
Thanks/Regards,

PCJ IPO: Subscribe : Ajcom


PCJ is an established jewellery retailer in North India. The company has two
jewellery manufacturing facilities in Uttarakhand that cater to the domestic
market and two facilities at Noida for the exports market. It also export gold
and diamond jewellery on a wholesale basis to distributors in Dubai, Hong
Kong and Singapore. Strong brand recall, successful branch expansion (from
one to 30 showrooms in the past seven years) and stellar increase in gold
prices have added shine to PCJ’s topline which has witnessed a CAGR of
69% over the period FY09-FY12. The Company plans to open 20 retail
showrooms by utilising funds raised through the IPO.
At the upper band of the issue price, PCJ is valued at 9x – H1FY13 Annualized
EPS/share of Rs. 15.82/- at upper end of the price band. With due
consideration to factors like a) established brand, b) network of strategically
located large format showrooms, c) wide product range with increasing
focus on diamond jewellery which would lead to improved margins, d) good
demand for gold jewellery in India despite a significant rise in gold prices,
e) cheaply valued as against listed peers like Gitanjali Gems, Titan Industries
and Tribhovandas Bhimji Zaveri, we believe the stock is priced reasonable.
However, concerns like possible decline in gold prices, higher working
capital requirement, and significant competition from unorganized and
organized players may affect the performance of the company. We
recommend investors to “SUBSCRIBE” the issue as it is a proxy for India’s
consumption story.

Credit Analysis and Research Ltd. IPO= Buy: SBI CAP


Credit Analysis and Research Ltd.
Company Overview
Credit Analysis and Research Ltd. (CARE) is a leading, full service
credit rating company in India. It offers a wide range of rating and
grading services across a diverse range of debt instruments and
related obligations covering a wide range of sectors, such as
manufacturing, services, banks and infrastructure. It also provides
general and customized industry research reports. Its clients
includes banks and other financial institutions, private sector
companies, central public sector undertakings, sub-sovereign
entities, small and medium enterprises and micro-finance
institutions, among others.
Key Highlights
n CARE is the second largest rating company in India in terms
of rating turnover for the year ended March 31, 2012.
n Since incorporation in April 1993, CARE has completed
19,058 rating assignments and has rated Rs. 44,036.03
billion of debt as of September 30, 2012. It has rating
relationships with 4,644 clients as of September 30, 2012.
n It is the leading credit rating agency in India for IPO grading,
having graded the largest number of IPOs since the
introduction of IPO grading in India.
n In November 2011, the Company acquired a 75.1% equity
interest in Kalypto, a firm providing risk management software
solutions. Pursuant to this acquisition, Kalypto has become
a subsidiary of the Company.
n CARE provides technical assistance to HR Ratings De Mexico
S.A. DE C.V. in Mexico, and in order to explore opportunities
in Latin America, it provides technical assistance to Summa
Ratings S.A., Ecuador with respect to providing credit ratings
n CARE is also recognized by the Capital Markets Development
Authority, Republic of Maldives to carry out ratings of debt
instruments and bank loans and facilities in respect of
Maldivian companies through its office in Republic of
Maldives.
n The Company has also been granted indirect recognition by
the Hong Kong Monetary Authority as an external credit
assessment institution for the purpose of the regulatory
capital framework in Hong Kong.
n It’s top shareholders includes domestic bank and financial
institutions like IDBI Bank, Canara Bank, SBI Bank, IL&FS,
Federal Bank etc.