Sita Shree Food Products Limited IPO

Incorporated in 1997, Sita Shree Food Products Limited is in the business of wheat and pulse processing. The manufacturing unit of the Company is located in the city of Indore on approx. 2.5 acres of land which is connected with major cities like Nagpur and Ahmedabad by roads.

The product portfolio of the Company consists of Wheat Flour, Maida, Rawa, Daliya, Suji, Chana Dal etc. These products are marketed under its own brand like “Sita Shree Regular” and “Sita Shree Gold”. The Company now proposes to set up a solvent extraction plant, a Lecithin plant and one additional flour mill to cater to the increasing demand. The proposed project will be set up at Badiakima, Indore, just 8 km away from existing location.

Company achieved a turnover of Rs. 8074.17 lacs during the year ended on 31/03/2007. Presntly the Company is supplying its products to major players in retail industry such as Pantaloon Retail and Reliance Retail. Other clients are Satnam Overseas, Sumermal Surana Traders, Kavita Trading Company, Kishanlal and Sons, Bhavanji Thakarshi and Company, Manilal Shyamji, Shyam Marketing, Raghuram Enterprises & Sondurga Sales etc.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Meet general corporate purposes;
2. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Sita Shree Food Products Limited IPO Information

»» Public Issue Open: March 10, 2008 to March 14, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: [ ] Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 27/- to Rs 30/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Ankit Consultancy Pvt Ltd (Ph: +91-731-2491298 Email: ankitind@sancharnet.in)

Important Links about Sita Shree Food Products Limited IPO

Gammon Infrastructure Projects Limited (GIPL) IPO

Incorporated in 2001, Gammon Infrastructure Projects Limited ('GIPL'), is an infrastructure project development company promoted by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ("PPP") basis. GIPL is among the first company in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.

GIPL currently undertake and development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.

GIPL is present in the following areas of Infrastructure development:

1. Project Development
2. Project Advisory
3. Sector Specific Operations & Maintenance

Currently infrastructure project development business includes thirteen projects, of which four are already in the operations phase, five are in the development phase and four are in the pre-development phase.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To contribute to a part of the investment required by KBICL, subsidiary formed for design, construction, finance & maintenance of 1.8 kilometer long four-lane bridge across river Kosi;
2. To contribute to a part of the investment required by GICL, subsidiary formed for design, construction, finance & maintenance of 32 kilometer long four-lane bypass to Gorakhpur town on NH-28 in the state of Uttar Pradesh;
3. To contribute to a part of the investment required by SHPVL, subsidiary formed for developing the Rangit-II hydroelectric power project in the state of Sikkim;
4. Infusion of funds into MNEL, subsidiary formed for the four-laning of the 99.5 kilometers Vadape-Gonde section (between Mumbai and Nasik)
5. Meet general corporate purposes;
6. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Gammon Infrastructure Projects Limited IPO Information

»» Public Issue Open: March 10, 2008 to March 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 16,550,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 167/- to Rs 200/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: SSKI Corporate Finance Pvt Ltd & Macquarie India Advisory Services Pvt Ltd.
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-022-2596 0320 Email: gipl.ipo@intimespectrum.com)

Important Links about Gammon Infrastructure Projects Limited IPO

Reliance Power Limited REPL IPO

Reliance Power Limited (REPL), a Reliance Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects. The Reliance ADA group is one of the biggest business group in India involve in business like telecommunications (Reliance Communications), financial services (Reliance Capital), media and entertainment (Adlabs Films), infrastructure, energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors.
Reliance Power Limited is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW across various geographic locations in India. First project of Reliance Power is expected to go onstream in 2009. Company intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers.
CRISIL IPO Grade:
Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
Fund subsidiaries to part-finance the construction and development costs of certain of 12 power generation projects currently under various stages of development.
General corporate purposes.
Achieve the benefits of listing on the Stock Exchanges.
Reliance Power Limited IPO Information
»» Public Issue Open : January 15, 2008 to January 18, 2008 »» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 260,000,000 Equity Shares of Rs. 10/- each (228,000,000 for public) »» Public Issue Price: Rs. 405/- to Rs. 450/- Per Equity Share »» Retail Discount: Rs. 20/- Per Equity Share (Only for Retail Individual Bidders) »» Payment Methods: 1. Partial payment option - Rs. 115/- Per Equity Share at the time of bidding 2. Full payment option - Rs. 405/- to Rs. 450/- Per Equity Share »» Market Lot: 15 Shares »» Minimum Order Quantity: 15 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing At: BSE, NSE »» Lead Manager(s): Kotak, UBS, ABN AMRO, Deutsche, Enam, ICICI Securities, JM Financial and J.P. Morgan. »» Registrar : Karvy Computershare Pvt Ltd (Ph: 040 2342 0815/ 0816 Email: reliancepower.ipo@karvy.com)
IPO Alert News: Reliance Power Ltd declared 3 bonus shares for every 5 shares held
Date: Sunday February 24, 2008Reliance Power Ltd declared 3 bonus shares for every 5 shares held.The bonus issue will bring the cost of per Reliance Power ltd share for retail investors to Rs 269 (earlier Rs 430) and for others to Rs 281 (earlier Rs 450).The expected ex-bonus share price would be around Rs 300, if the market situation remains same as current market.``I have been personally concerned by the notional losses arising to millions of our investors as a result of a dramatic adverse change in sentiment in global and domestic capital market after the pricing of our IPO,'' Ambani said. ``The board endorsed my concern and approved the bonus issue.'' Company needs approval from its shareholders before sending the bonus issue detail to stock exchanges to fix record date.Once record date has been declared, all the investors holding shares on that date, would be entitled to receive bonus shares.

Reliance may give bonus shares to all of its investors

Bonus shares are free shares issued by the company to its existing share holders. Bonus shares are issued in a ratio of the shares an investor hold. For example when a company offers 1:5 bonus shares, it means a share holder will get 1 free share for 5 shares. So if an investor holds 100 shares at the time of bonus then they will become 120 shares.Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares. All the investors holding the shares on the record date are eligible for bonus shares. Company usually gives bonus shares as a substitute of dividend payouts. The face value of the share doesn’t get change after bonus. This is unlike stock split.Bonus shares increases the number of shares in the market which changes the Earning Per Share EPS (companies net profit / number of shares). As net profit is still remain same and the numbers of shares are higher, shares EPS goes down after the bonus shares are issued.Ideally it should reduce the share price but it doesn’t happen in the ratio of shares are offered as bonus shares thus it usually in the profit of the share holders. This happens because of increase in liquidity of the share and signal of company’s promise to share its profit with its investors.

Rural Electrification Corporation Limited (REC) IPO

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.
REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.
REC currently administer grants and provide loans as the nodal agency for the RGGVY, which is primarily aimed at the electrification of all villages in India. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.
The GoI has rated their performance as “Excellent” continuously from Fiscal 1994 through Fiscal 2006. They have also been ranked among the top ten public sector undertakings in India by the Ministry of Heavy Industries and Public Enterprises for Fiscal 2000, Fiscal 2002 and Fiscal 2005.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
primarily loan and investment portfolio;
Meet the future capital requirements
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Rural Electrification Corporation Ltd IPO Information
»» Public Issue Open: February 19, 2008 to February 22, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 156,120,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 90/- to Rs 105/- »» Market Lot: 20 Shares »»
Minimum Order Quantity: 20 Shares »» -->Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd »» Registrar: Karvy Computershare Private Ltd (Ph: +91-40-2342 0815 Email:rec.ipo@karvy.com)

V-Guard Industries Limited IPO

Incorporated in 1996, V-Guard Industries Limited is in the manufacturing and marketing of various electrical and electronic products.
V-Guard presently have sixteen branches including head office located in Cochin, spread across 12 states and the Union Territory of Delhi. They have recently ventured into states of Maharashtra, Haryana, Madhya Pradesh, Orissa, Himachal Pradesh, Chattisgarh, Uttar Pradesh and Gujarat.
Products marketed under the brand name ‘V-GUARD’ are:
Electronic Voltage Stabilizers
Monobloc, Jet, Submersible pumps and Electric Motors
Insulated Electrical Cables (House Wiring & Industrial)
Electric Storage & Instant Water Heaters
Solar Water Heaters
UPS
Electric Fans
Generation of power through wind mills.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Setup Cable manufacturing facilities;
Enameling Plant;
Plants and Service & Distribution centre at strategic locations throughout the country;
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
V-Guard Industries Limited IPO Information
»» Public Issue Open: February 18, 2008 to February 21, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 80,00,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 80/- to Rs 85/- »» Market Lot: 80 Shares »» Minimum Order Quantity: 80 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: Anand Rathi Securities Limited »» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email:vil.ipo@intimespectrum.com)

GSS America Infotech Ltd IPO

Incorporated in 1999, GSS America Infotech Ltd (GSS) is a leading Global IT Services company, focused on providing scalable and cost-effective IT solutions using Global Delivery Model.
Expertise in IT Consulting, Enterprise Application Integration, and IT Infrastructure Management, GSS America has established itself as a leading provider of IT services that transform company performance and operational effectiveness.
Microsoft, TIBCO, BEA are company's key technology partners. GSS Client's includes Ernst & Young, Blue Cross Blue Shield of NC, BMC Software, Kelly Services, Thomson, Aurora Healthcare, WR Grace & Co, TDS Telecom, Pepsi Co, etc. As a strategy to de-risk, the Company has diversified its portfolio of service offerings by acquiring profit making IT services companies in USA. GSS have software solutions design / development centres and marketing offices in Chicago U.S.A. and Global Delivery Centres in Hyderabad, India.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Setting up of state of the art Global Delivery Centre at Hyderabad with 1000 seater capacity. This would involve construction of a building, doing its interiors, along with purchase of computers and other equipments;
Setting up overseas offices;
Meeting working capital requirement;
Acquisitions;
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
GSS America Infotech Ltd (GSS) IPO Information
»» Public Issue Open: February 11, 2008 to February 15, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 34,97,495 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 400/- to Rs 440/- »» Market Lot: 15 Shares »» Minimum Order Quantity: 15 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: Religare Securities Ltd »» Registrar: Bigshare Services Pvt Ltd (Ph: +91-22-2847 3747 Email:bighshare@bom7.vsnl.net.in)

Reliance Power premium slips in grey market

MUMBAI: Shrinking grey market premium in the Reliance Power issue, as a result of the bearish mood in the market in the past two sessions, is prompting investors in the non-institutional category to reduce their exposure to the issue. According to market sources, the grey market premium has now slipped to Rs 280, compared to Rs 320 on Tuesday and is way below the price of Rs 400 it had been commanding last week.

Many HNIs are said to have informed non-banking finance companies that they will not be requiring the entire lot of funds that they had initially committed to borrow. If the premium in the grey market narrows down, it would mean lower gains on the day of listing.

For those looking to booking profit immediately on listing this could be a loss making proposition because the listing price has to be significantly higher to cover the cost of borrowed funds. But this could be a boon to some other investors, who are taking a slightly longer-term view on the stock.

If one section of investors pull out, others are likely to get higher allotments. Should the market bounce back around the time of listing, these investors stand to earn higher profits. A day before the Reliance Power issue opened, the premium was hovering at Rs 380, more than 80% over the upper price band. Sensing this interest among retail and high net worth investors, banks and finance houses (many of which are arms of brokerages) have lined up for funding subscription.

The premium in the grey market is said to be going down due to the weakness in the secondary market. Even though other companies have not been isolated from this, it is more important in case of RPL due to the huge leverage by the non-institutional investors’ category through funding from NBFC and banks. This has resulted in HNIs’ excitement subsiding and they have been reducing leveraged bets for applying in the non-institutional category (which is for HNIs and corporates). As per data on NSE, the non-institutional portion of the book has been subscribed 6.5 times on the second day.

Many brokerages are advising their clients to take funding if they are looking at relatively long-term play and not merely for listing gains. The shrinking premium would mean that there would be lesser leverage and subsequently less over subscription. At the same time, if the market bounces back, investors would stand to gain as premium might go up and they would benefit from the higher allotment.