Friday, August 29, 2008

SEBI approved first set of banks to offer new IPO Payment option ASBA

SEBI approved the first set of banks to provide the new IPO payment facility 'Applications Supported by Blocked Amount (ASBA)'.


Corporation Bank, Union Bank of India and HDFC Bank are now officially designated as Self Certified Syndicate Banks (SCSBs) to process IPO allocations through ASBA method.
After facing IPO refund problems for a long time, now an investor who has account with these three banks can apply in IPO's without transfer the money to the Issuer Company. In this method IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.


This process will reduce the refund time and other problems like missing cheques or incorrect account information. This will also help companies to list there stocks quicker, as they need not to send refund order.


For more information about 'Applications Supported by Blocked Amount (ASBA)' payment Method visit:


http://www.chittorgarh.com/newportal/ipo_faq_detail.asp?a=29

Thursday, August 28, 2008

20 Microns Limited IPO Opening on Sep 08

Hello Friends,

Incorporated in 1987, 20 Microns Limited is India's largest manufacturer of White minerals with an annual output of over 180000 tons from plants spanning four different regions of India.

20 Microns Limited is entering in the capital markets with an initial public offering, IPO of 43,50,632 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 50/- at lower level and Rs. 55/- at upper level for equity share of Rs. 10/-. The issue opens on September 08 ,2008, and closes for subscription on September 11, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

20 Microns Limited IPO Information, 20 Microns Ltd IPO Allotment Status, 20 Microns IPO reviews and 20ML IPO Listing Date. Click on the below link to to find more detail about 20 Microns Ltd IPO:

http://www.chittorgarh.com/newportal/IPO_detail.asp?a=190

Good Luck!
Kris
Chittorgarh.com

Resurgere Mines & Minerals India Ltd IPO Listing Info

Hello Friends,

Resurgere Mines & Minerals India Ltd IPO Listing Info:

IPO Listing Date: Monday, September 01, 2008
BSE Script Code: 533017
NSE Symbol: RESURGERE
Listing in: 'B' Group of Securities
ISIN: INE774I01015
Issue Price: Rs. 270/- per share
Face Value: Rs 10/- Per Equity Share

Good Luck!
Kris
Chittorgarh.com Team

Resurgere Mines & Minerals India Ltd IPO Allotment Status

Hello Friends,

IPO Allotment Status is now available online for Resurgere Mines & Minerals India Ltd IPO.

Resurgere Mines & Minerals India Limited IPO was open on August 11, 2008 and closed on August 13, 2008. IPO was oversubscribed by 1.16 times (0.3967 times in retail).

Visit http://www.chittorgarh.com/ to check your application status, Resurgere Mines & Minerals India Ltd IPO Listing Date, Resurgere Mines & Minerals Grey Market Premiums and Resurgere Mines IPO latest news.

Good Luck!
Kris
Chittorgarh.com Team

Austral Coke & Projects Limited IPO Allotment Status

Hello Friends,

IPO Allotment Status is now available online for Austral Coke & Projects Limited IPO.

Austral Coke & Projects Limited IPO was open on August 07, 2008 and closed on August 13, 2008. IPO was oversubscribed by 2.70 times (4.2429 times in retail).

Visit http://www.chittorgarh.com/ to check your application status, Austral Coke & Projects Ltd IPO Listing Date, Austral Coke & Projects Grey Market Premiums and Austral Coke IPO latest news.

Good Luck!
Kris
Chittorgarh.com Team

Wednesday, August 27, 2008

Nu Tek India Ltd IPO listing Day Trading Information - BSE

Hello Friends,

Nu Tek India Ltd IPO listing Day Trading Information - BSE

Issue Price: Rs. 192/-
Open: Rs. 201.10/-
Low: Rs. 194.00/-
High: Rs. 225.00/-
Last Trade: Rs. 199.30/-
Volume: 13,098,706

Good Luck!
Kris
Chittorgarh.com Team

Nu Tek India Ltd IPO Listing Info

Hello Friends,

Nu Tek India Ltd IPO Listing Info

IPO Listing Date: Wednesday, August 27, 2008
BSE Script Code: 533015
NSE Symbol: NUTEK
Listing in: B Group of securities
ISIN: INE318J01019
Issue Price: Rs. 192/-
Face Value: Rs 10/-

Good Luck!
Kris
Chittorgarh.com Team

Monday, August 25, 2008

Nu Tek India Limited IPO Allotment Status

Hello Friends,

IPO Allotment Status is now available online for Nu Tek India Limited IPO.

Nu Tek India Limited IPO was open on Jul 29, 2008 and closed on Aug 01, 2008. IPO was oversubscribed by 1.63 times (1.0096 times in retail).

Visit http://www.chittorgarh.com to check your application status, Nu Tek India Ltd IPO Listing Date, Nu Tek India Grey Market Premiums and Nu Tek IPO latest news.

Good Luck!
Kris
Chittorgarh.com Team

Wednesday, August 20, 2008

SVPCL Ltd to refund the money raised through IPO - Supreme Court

Giving the break to one of the worst IPO processing's in current time; Supreme Court (SC) rejected SVPCL's appeal and urged them to refund the money to the investors.



The SVPCL IPO was open from October 22, 2007 to October 26, 2007 and subscribed 1.09 times (retail 2.2419 times). Company filed for listing at BSE on 17th January 2008 but BSE rejected the application as Post issue Merchant Bankers (UTI Securities Limited) didn't provided an undertaking as required. Company moved to Andhra Pradesh High Court and then Supreme Court but lost the both the cases. Since Oct 2007 thousands of investor's money got stuck due to these legal problems.



Today once SC rejected SVPCL's appeal, it's now clear that SVPCL has to refund the money back to its IPO investors soon. SVPCL Ltd officials were unable to comment of this.


Click on the below link to find more detail about SVPCL Ltd IPO


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=130

Monday, August 18, 2008

Reliance InfraTel deferred IPO proceeding

Highly volatile market and poor performance of Reliance Power are few of the possible causes for Anil Ambani's dream to take away his plans for Reliance InfraTel IPO at this time.


Reliance Infratel is a telecom infrastructure provider company part of Reliance ADA group's Reliance Communications ltd. Company is in the business of building and maintaining telecommunication towers across India. Company owns around 25000 towers and there related infrastructure.


Company's plans to raise around 6000 Crores are deferred as it failed to precede its IPO in 90 days of approval from SEBI.


Not just for Reliance - ADA Group, this is a setback to India's primary stock market which has already suffered a lot from the market fall in last few months. After few huge IPO's including MCX and UTI AMC IPO's were pulled back in last few weeks, Reliance Infratel's decision to not go for IPO at this time clearly shows investors low confidence in India Equity Market.

Wednesday, August 13, 2008

Resurgere Mines & Minerals India Limited final bid detail

Hi Friends,


Resurgere Mines & Minerals India Limited IPO oversubscribed by 1.16 times. Non Institutional category oversubscribed around 2.4129 times while Qualified Institutional Buyers (QIBs) quota subscribed 1.3401 times.


Retail Individual Investors (RIIs) category oversubscribed 0.3967 times and Employees category oversubscribed 1.0004 times.


Resurgere Mines & Minerals India Limited - Bid details





















































































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 252000033771201.3401
1(a)Foreign Institutional Investors (FIIs) 2914360 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 360 
1(c)Mutual Funds 12400 
1(d)Others 450000 
2Non Institutional Investors42000010134002.4129
2(a)Corporates 831800 
2(b)Individuals (Other than RIIs) 177920 
2(c)Others 3680 
3Retail Individual Investors (RIIs)12600004998000.3967
3(a)Cut Off 409480 
3(b)Price Bids 90320 
4Employee Reservation2500002501001.0004
4(a)Cut Off 100 
4(b)Price Bids 250000



Click on the below link to find more detail about Resurgere Mines & Minerals India Ltd IPO, Resurgere Mines & Minerals India IPO Allotment Status, Resurgere Mines IPO reviews and Resurgere Mines & Minerals India Limited IPO Listing Date:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=189


Good Luck!
Kris
Chittorgarh.com

Austral Coke & Projects Limited IPO final subscription detail

Hi Friends,


Austral Coke & Projects Limited IPO oversubscribed by 1.65 times. Non Institutional category oversubscribed around 7.3197 times while Qualified Institutional Buyers (QIBs) quota subscribed 0.6230 times.


Retail Individual Investors (RIIs) category oversubscribed 0.6866 times.


Austral Coke & Projects Limited - Bid details


 






























































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 363000022615100.6230
1(a)Foreign Institutional Investors (FIIs) 2261510 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0 
1(c)Mutual Funds 0 
1(d)Others 0 
2Non Institutional Investors108900079711987.3197
2(a)Corporates 5961288 
2(b)Individuals (Other than RIIs) 2002770 
2(c)Others 7140 
3Retail Individual Investors (RIIs)254100017446760.6866
3(a)Cut Off 1611396 
3(b)Price Bids 133280


Click on the below link to find more detail about Austral Coke & Projects Ltd IPO, Austral Coke & Projects IPO Allotment Status, Austral Coke IPO reviews and Austral Coke & Projects Limited IPO Listing Date:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=188


Good Luck!
Kris
Chittorgarh.com

Thursday, August 7, 2008

Vishal Information Technologies Ltd's IPO Listing Info

Hello Friends,


Vishal Information Technologies Ltd's IPO Listing Info


IPO Listing Date: Monday, August 11, 2008
BSE Script Code: 533011
NSE Symbol: VITLINFO
Listing in: ‘B' Group of Securities
ISIN: INE108J01014
Issue Price: Rs. 150/- per share
Face Value: Rs 10/- Per Equity Share


Good Luck!
Kris
Chittorgarh.com

Wednesday, August 6, 2008

Resurgere Mines & Minerals India Ltd IPO Opening on Aug 11

Hi Friends,


Incorporated in 1987, Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.


Resurgere Mines & Minerals India Ltd is entering in the capital markets with an initial public offering, IPO of 44,50,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.


The price band for the issue has been fixed at Rs. 263/- at lower level and Rs. 272/- at upper level for equity share of Rs. 10/-. The issue opens on August 11 ,2008, and closes for subscription on August 13, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


Resurgere Mines & Minerals India Limited IPO Information, Resurgere Mines & Minerals IPO Allotment Status, Resurgere Mines IPO reviews and Resurgere Mines & Minerals India IPO Listing Date. Click on the below link to to find more detail about Resurgere Mines & Minerals India Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=189


Good Luck!
Kris
Chittorgarh.com

Tuesday, August 5, 2008

SEBI introduce a new 'ASBA' payment method for retail IPO investors

Hello Friends,


Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.


This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB's). Banks would be required to register themselves in the SCSB list, which would be available on SEBI's website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.


Find more information about ASBA payment option


Good Luck!
Kris
Chittorgarh.com Team

Vishal Information Technologies Ltd IPO Allotment Status

Hello Friends,


IPO Allotment Status is now available online for Vishal Information Technologies Ltd IPO.


Vishal Information Technologies Ltd IPO was open on July 21, 2008 and closed on July 24, 2008. IPO was oversubscribed by 1.19 times (2.1850 times in retail).


Visit http://www.chittorgarh.com to check your application status, Vishal Information Technologies Ltd IPO Listing Date, Vishal Information Grey Market Premiums and Vishal Information Technologies IPO latest news.


Good Luck!
Kris
Chittorgarh.com Team

Friday, August 1, 2008

Nu Tek India Limited IPO final subscription detail

Hi Friends,


Nu Tek India Limited IPO oversubscribed by 1.63 times. Non Institutional category oversubscribed around 1.7816 times while Qualified Institutional Buyers (QIBs) quota subscribed 2.0559 times.


Retail Individual Investors (RIIs) category oversubscribed 1.0096 times and Employees category oversubscribed 0.9561 times.


Nu Tek India Limited - Bid details





















































































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 220000045230102.0559
1(a)Foreign Institutional Investors (FIIs) 2193150 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 332460 
1(c)Mutual Funds 1893300 
1(d)Others 104100 
2Non Institutional Investors66000011758501.7816
2(a)Corporates 416550 
2(b)Individuals (Other than RIIs) 709290 
2(c)Others 50010 
3Retail Individual Investors (RIIs)154000015547501.0096
3(a)Cut Off 1471140 
3(b)Price Bids 83610 
4Employee Reservation100000956100.9561
4(a)Cut Off 450 
4(b)Price Bids 95160



Click on the below link to find more detail about Nu Tek India Ltd IPO, Nu Tek India IPO Allotment Status, Nu Tek IPO reviews and Nu Tek India Limited IPO Listing Date:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=187


Good Luck!
Kris
Chittorgarh.com