India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
January 4, 2011
IPO News
Lokmat Media plans IPO to fund expansion
One of India's leading print media businesses Lokmat Media has proposed to tap the capital market for funding its expansion plan. It has filed draft red herring prospectus (DRHP) with the SEBI for public issue of 13,829,064 equity shares. It publishes three newspapers: Lokmat in Marathi, Lokmat Samachar in Hindi and Lokmat Times in English which collectively have 17 editions and 58 sub-editions. Lokmat Media's flagship newspaper Lokmat has been the leading Marathi newspaper in terms of average daily circulation and average daily readership in Maharashtra and Goa. Promoters Mr Vijay Darda and Mr Rajendra Darda hold 54.75% stake in company and other family members hold 45.25% stake, which will be reduced to 41.07% & 33.93% post issue.
Company intends to use net issue proceeds of Rs 368.6 crore for upgrading existing printing facilities (Rs 150.36); building capability for expansion to new markets (Rs 90 crore); brand building, promotion and marketing (Rs 30 crore); pre-payment and repayment of loans (Rs 48.23 crore); acquiring and co-producing Indian films, including primarily Marathi language films as well as certain Hindi language films (Rs 25 crore); and investment in IBNL (Rs 25 crore). Book running leading managers to the issue are Kotak Mahindra Capital Company Limited and Enam Securities Private Limited.
Taksheel Solutions files IPO papers with SEBI
Hyderabad based Taksheel Solutions (TSL) has filed draft red herring prospectus with the market regulator SEBI for 55 lakh equity shares IPO. TSL is an IT solution company focused on providing products and services for the companies engaged in financial services industry & telecom. Lexicon Private Limited holds 56.54% stake in company, which will be 42.31% post issue. Promoters Pavan Kumar Kuchana and Ramaswamy Kuchana also hold some stake in company. Total promoter holds will be reduced from 63.31% to 47.37% post issue.
Company proposes to use issue proceeds for setting up a new software development center at Hyderabad; for setting up a new software development center at Warangal; acquisitions and other strategic initiatives; and financing the incremental working capital requirements. PNB Investment Services is the book running lead manager to issue.
IT solutions provider Trimax to raise Rs 250-cr through IPO
IT solutions provider, Trimax IT Infrastructure and Services (Trimax) plans to raise around Rs 250-crore through an initial public offering (IPO) this year. The company hopes to file the draft red herring prospectus (DRHP) with market regulator Sebi over the next 6-months. The Mumbai-based company, which operates in three verticals - System Integration, Data centre services, and IT Infrastructure Management, would be using the proceeds for the firm's domestic as well as overseas expansion, mainly in Africa. Trimax is a partner to Bharat Sanchar Nigam Limited (BSNL) and offers Managed Network Services (MNS) from its Certified Network Operations Centre (NOC) running in Mumbai and Bangalore. It serves its customers through its reach at more than 600 locations across India and aims to be the preferred technology integration, management and solution company for its global customers.
Midvalley Ent IPO fixes price band at Rs 64-70 per share
Chennai-based, Midvalley Entertainment Ltd, engaged in film production, distribution and exhibition in South India has fixed its price band at Rs 64 - Rs 70 per equity share of face value, Rs 10 each. The company plans to raise Rs 60 crore through an initial public offer (IPO). The issue will open on January 10 and closes on January 12.
Bonds
SBI to raise Rs 12,000 cr from bonds by March 2012
The country's largest lender, State Bank of India (SBI) said it plans to raise Rs 12,000 crore through bonds to fund its business growth. The executive committee of the central board of the bank has accorded approval for raising the capital for an aggregate amount of Rs 10,000 crore by way of the issue of Tier II bonds, SBI informed the Bombay Stock Exchange. The fund would be raised during the remaining period of 2010-11 and 2011-12 in different tranches. Besides, the bank also plans to raise Rs 2,000 crore from bonds offered to retail investors. The board has also given approval for raising Rs 1,000 crore with a green shoe option. The first retail bond issue of Rs 1,000 crore by SBI was made in October which was subscribed over 17 times on the opening day itself. The bank had to curtail the subscription period as the response to the bonds was beyond anticipation.
Union Bank to raise $200 million overseas in two months
State-owned Union Bank of India said it is planning to raise USD 200 million (about Rs 900 crore) from the overseas market in the next two months through a bond issue. The funds raised would be utilised for funding overseas business. In the last four months, the bank has raised USD 400 million from medium-term notes and USD 175 million from bonds.
NFO (New Fund Offer)
ICICI Prudential FMP S 53 - 3 Years Plan C
Scheme Objective
The investment objective of the Plan under the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the plan/scheme.
Fund category | Debt - FMP |
Scheme plan | Growth, Dividend |
Scheme type | Closed Ended |
Launch date | 5-Jan-11 |
Initial Price | Rs 10 |
Min investment | Rs 5,000 |
Entry load | Nil |
Exit load | Nil |
AMC | ICICI Prudential Asset Management Co. Ltd. |
Reliance Fixed Horizon Fund XVII - Series 3
Scheme Objective
The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.
Fund category | Debt - FMP |
Scheme plan | Growth, Dividend |
Scheme type | Closed Ended |
Launch date | 6-Jan-11 |
Initial Price | Rs 10 |
Min investment | Rs 5,000 |
Entry load | Nil |
Exit load | Nil |
AMC | Reliance Capital Asset Management Ltd. |
Religare FMP Series IV - Plan F
Scheme Objective
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
Fund category | Debt - FMP |
Scheme plan | Growth, Dividend |
Scheme type | Closed Ended |
Launch date | 7-Jan-11 |
Initial Price | Rs 10 |
Min investment | Rs 5,000 |
Entry load | Nil |
Exit load | Nil |
AMC | Religare Asset Management Company Ltd. |
(Source: ET, BL, Moneycontrol)
No comments:
Post a Comment