Wednesday, January 24, 2007

Current primary market (IPO) updates

Hi,
As so many IPO's on investor's plate, below are brief updates from current primary market:

Recently Closed IPO's:
1. Technocraft Industries (India) Ltd. IPO oversubscribed by 10.67 (retail 8.1) times.
2. House of Pearl Fashions Ltd. IPO oversubscribed by 3.91 (retail 1.8) times.

Current IPO's:
1. Cinemax India Limited (CIL) IPO is Close today 24 Jan 2007.
    Issue oversubscribed by 4.14 (retail 1.7) times as of 23-Jan-2007.
    Expect it to oversubscribe by 25 times (may be more).

2. Redington (India) Limited IPO is Close tomorrow 25 Jan 2007.
   Issue oversubscribed by 2.16 (Retail 0.23) times as of 23-Jan-2007.
   Expect it to oversubscribe by 25 times (may be more).

3. Transwarranty Finance Limited (TFL) Open today and will close on February 02, 2007

Upcoming IPO's (confirm):
1. Power Finance Corporation Ltd: January 31, 2007 to February 06, 2007
2. Indian Bank: February 05, 2007 to February 09, 2007

Both the above upcoming IPO's are from public sector and highly recommended by most of the experts.

Good Luck!

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