Private sector lender Yes Bank will raise funds by way of issue of shares to institutional investors.
The shareholders at the extra ordinary meeting approved the allotment of up to two crore shares to Qualified Institutional Buyers, the bank said in a filing to the Bombay Stock Exchange.
Showing posts with label QIB. Show all posts
Showing posts with label QIB. Show all posts
Wednesday, March 12, 2008
Tuesday, August 21, 2007
Motilal IPO subscribed 1.96 times on first day
The initial public offering (IPO) of Motilal Oswal Financial Services got subscribed by 1.96 times, according to the National Stock Exchange website. Nearly 1 per cent of the total bids received for close to 30 lakh equity shares on offer were at the cut-off price. The shares were priced in a band of Rs 725 to Rs 825. The issue closes on August 23.
The qualified institutional buyers’ (QIB) portion has been subscribed by 3.33 times. Foreign institutional investors have placed bids for all shares in the QIB portion. Nearly 6 per cent of the total shares reserved for retail investors have received bids so far. The portion for non-institutional investors has been subscribed 0.4 times.
Tuesday, July 24, 2007
Central Bank IPO fully subscribed
The initial public offering of Central Bank of India got fully subscribed just hours after the issue opened.As per the NSE website, the issue was subscribed 1.09 times. It received 8.70 crore bids for the issue size of 8 crore shares. Around 98,040 bids were made at cut-off price.The price band of the issue is fixed at Rs 85-102 per share. The issue closes Friday.
The bank plans to raise Rs 680 crore at the lower price band of Rs 85 and Rs 816 crore at the upper price band of Rs 102 through the issue.The issue proceeds will be utilised to augment the capital base of the bank to meet future capital requirements.
The bank has reserved 60 per cent of the shares for the qualified institutional buyers and 30 per cent of the shares for retail investors.Post issue, the shareholding of the union government in the bank will come down to 80.20 per cent.
The bank plans to raise Rs 680 crore at the lower price band of Rs 85 and Rs 816 crore at the upper price band of Rs 102 through the issue.The issue proceeds will be utilised to augment the capital base of the bank to meet future capital requirements.
The bank has reserved 60 per cent of the shares for the qualified institutional buyers and 30 per cent of the shares for retail investors.Post issue, the shareholding of the union government in the bank will come down to 80.20 per cent.
Friday, July 20, 2007
Omaxe IPO over subscribed 35 times
The initial public offer of real estate developer Omaxe, expected to raise about Rs 550 crore, got subscribed by more than 35 times today.
The IPO received bids for 63.09 crore shares against 1.77 crore shares on offer, getting subscribed 35.45 times, according to the latest data available on the bourses.
The price band of the offer, which opened on July 17 and closes with the working hours today, has been fixed at Rs 265-310 per share.The issue received good response from Qualified Institutional Buyers and non-institutional investors.
Of the total issue, about 1.75 crore equity shares are meant for the public, while the balance 2.96 lakh shares have been reserved for eligible employees. There is also a greenshoe option of 17.5 lakh equity shares.
The issue would constitute 11.20 per cent of fully diluted post-issue paid-up capital of the company if the greenshoe option is exercised and, 10.30 per cent if the option is not exercised.
The IPO received bids for 63.09 crore shares against 1.77 crore shares on offer, getting subscribed 35.45 times, according to the latest data available on the bourses.
The price band of the offer, which opened on July 17 and closes with the working hours today, has been fixed at Rs 265-310 per share.The issue received good response from Qualified Institutional Buyers and non-institutional investors.
Of the total issue, about 1.75 crore equity shares are meant for the public, while the balance 2.96 lakh shares have been reserved for eligible employees. There is also a greenshoe option of 17.5 lakh equity shares.
The issue would constitute 11.20 per cent of fully diluted post-issue paid-up capital of the company if the greenshoe option is exercised and, 10.30 per cent if the option is not exercised.
Thursday, July 5, 2007
BEML sets FPO price at Rs 1,075/share
Bharat Earth Movers Ltd has fixed the issue price of Rs 1,075 per share for its 49 lakh share follow-on issue. It is at a discount of Rs 149 or 12 per cent to the current market price of Rs 1,224.
BEML’s follow-on public issue, which opened for subscription on June 27 and closed Tuesday, was subscribed 30.65 times.The FPO received bids for 150,193,480 equity shares against the offer of 4,900,000 shares. The issue received bids for 6,072,645 shares at cut-off price.
Out of the issue, qualified institutional buyers’ portion received bids for 139,654,750 shares against the offer of 2,205,000 shares, resulting in a huge subscription of 63.3355 times.
The non-institutional investors’ portion received subscription of 8.47 times with bids for 5,604,055 equity shares against the offer of 661,500 shares. Retail individual investors’ portion received bids for 4,930,965 shares against the offer of 1,543,500 shares, resulting in subscription of 3.19 times.
BEML’s follow-on public issue, which opened for subscription on June 27 and closed Tuesday, was subscribed 30.65 times.The FPO received bids for 150,193,480 equity shares against the offer of 4,900,000 shares. The issue received bids for 6,072,645 shares at cut-off price.
Out of the issue, qualified institutional buyers’ portion received bids for 139,654,750 shares against the offer of 2,205,000 shares, resulting in a huge subscription of 63.3355 times.
The non-institutional investors’ portion received subscription of 8.47 times with bids for 5,604,055 equity shares against the offer of 661,500 shares. Retail individual investors’ portion received bids for 4,930,965 shares against the offer of 1,543,500 shares, resulting in subscription of 3.19 times.
Thursday, June 28, 2007
Spice IPO sold 37 times, BEML offer on a roll
Investors’ interest in Spice Communications’ initial public offering (IPO) picked up on the final day backed by qualified institutional investors as the issue was subscribed 37.554 times. Suryachakra Power Corporation, which has two more days to close, is yet to impress investors.
The Noida-based cellular operator’s public issue of over 113 million equity shares, which opened for subscription on the Bombay Stock Exchange (BSE) on Monday, received over 4,247 million bids, according to the BSE website. The issue is priced in the band of Rs 41-46 a share.
The public issue of Suryachakra Power Corporation, which opened for subscription on Monday for selling 34 million equity shares, received bids for 79 per cent of the shares on offer. The company received a total of 26.802 million bids.
The qualified institutional buyers’ (QIB) portion was subscribed 1.5124 times, while the retail portion was subscribed 0.1142 times. The non-institutional investor portion has not got any investors so far. The price band for the issue has been fixed at Rs 17-20 a share.
Meanwhile, mining and construction equipment major Bharat Earth Movers’ (BEML) follow-on public offer (FPO) opened for subscription today. I-Sec is the lead banker to the issue. The issue has already been subscribed 1.02 times.
The Noida-based cellular operator’s public issue of over 113 million equity shares, which opened for subscription on the Bombay Stock Exchange (BSE) on Monday, received over 4,247 million bids, according to the BSE website. The issue is priced in the band of Rs 41-46 a share.
The public issue of Suryachakra Power Corporation, which opened for subscription on Monday for selling 34 million equity shares, received bids for 79 per cent of the shares on offer. The company received a total of 26.802 million bids.
The qualified institutional buyers’ (QIB) portion was subscribed 1.5124 times, while the retail portion was subscribed 0.1142 times. The non-institutional investor portion has not got any investors so far. The price band for the issue has been fixed at Rs 17-20 a share.
Meanwhile, mining and construction equipment major Bharat Earth Movers’ (BEML) follow-on public offer (FPO) opened for subscription today. I-Sec is the lead banker to the issue. The issue has already been subscribed 1.02 times.
Meghmani Organics IPO lists at 75% premium
Meghmani Organics Ltd. listed on the stock exchanges Thursday. It opened at Rs 33.25 on the National Stock Exchange, a premium of 75% to the issue price of Rs 19. The low was Rs 26.
The six crore share-public offer was subscribed 23.94 times. The price band of the issue was Rs 17-Rs 19 per share of Re 1 each.The issue was subscribed 44.75 times by non-institutional investors. Of the 3.60 crore shares on offer, qualified institutional buyers applied 19.43 times, while retail investors subscribed the balance 26.01 times.
The objects of the issue included financing a new high performance pigment plant at Vatva, Ahmedabad and a multi-purpose agro-chemicals plant at Panoli.
The company will also use the proceeds to invest in Meghmani Energy, finance a 3MW captive power plant at Chharodi, Gujarat, for diversification opportunities and working capital requirements.
The six crore share-public offer was subscribed 23.94 times. The price band of the issue was Rs 17-Rs 19 per share of Re 1 each.The issue was subscribed 44.75 times by non-institutional investors. Of the 3.60 crore shares on offer, qualified institutional buyers applied 19.43 times, while retail investors subscribed the balance 26.01 times.
The objects of the issue included financing a new high performance pigment plant at Vatva, Ahmedabad and a multi-purpose agro-chemicals plant at Panoli.
The company will also use the proceeds to invest in Meghmani Energy, finance a 3MW captive power plant at Chharodi, Gujarat, for diversification opportunities and working capital requirements.
Monday, June 25, 2007
Spice Comm IPO opens today
Spice Communications Ltd’s initial public offer opens on Monday. The company is offering 11.31-crore equity shares of Rs 10 each through the 100% book building route. The price band has been fixed between Rs 41 and Rs 46 per share. The issue constitutes 16.39% of the fully diluted post-issue equity share capital of the company.
The book running lead managers to the issue are Enam Financial Consultants and UBS Securities India.The issue closes Friday.At least 60% of the issue will be allocated to qualified institutional buyers, up to 30% to retail investors and up to 10% to non-institutional investors.
The IPO proceeds will be mainly utilised towards repayment of debt, payment of license fee for national long distance and international long distance services and related capital expenditures. The funds will also be used for payment to vendors for network equipments and other capital expenditures.
The company recently concluded a pre-IPO placement of 2.4 crore shares at Rs 45 per share, raising about Rs 112 crore. Lehman Brothers and Sinnaker Investments have picked up a small stake in Spice Telecom.
Read more in The Economic Times article.
The book running lead managers to the issue are Enam Financial Consultants and UBS Securities India.The issue closes Friday.At least 60% of the issue will be allocated to qualified institutional buyers, up to 30% to retail investors and up to 10% to non-institutional investors.
The IPO proceeds will be mainly utilised towards repayment of debt, payment of license fee for national long distance and international long distance services and related capital expenditures. The funds will also be used for payment to vendors for network equipments and other capital expenditures.
The company recently concluded a pre-IPO placement of 2.4 crore shares at Rs 45 per share, raising about Rs 112 crore. Lehman Brothers and Sinnaker Investments have picked up a small stake in Spice Telecom.
Read more in The Economic Times article.
Wednesday, June 20, 2007
Roman Tarmat IPO subscribed 29 times over
The initial public offer (IPO) of infrastructure developer Roman Tarmat was subscribed 29.67 times, receiving 8.60 crore bids for the 29 lakh shares.
The qualified institutional buyers (QIB) portion of the issue, comprising of 14 lakh shares, received around 3.85 crore bids, subscribing the portion reserved for them by over 27 times, data available on the National Stock Exchange showed.
Foreign institutional investors (FII) pitched with 2.86 crore bids, while mutual funds bid for 20 lakh shares.The company had fixed the price band at Rs 150-175 per share.
The IPO also got a huge response from retail investors and non-institutional investors, as the allocated segments were subscribed 21 and 62 times respectively.Overall, around two crore bids were received at the cutoff price for the issue.
The qualified institutional buyers (QIB) portion of the issue, comprising of 14 lakh shares, received around 3.85 crore bids, subscribing the portion reserved for them by over 27 times, data available on the National Stock Exchange showed.
Foreign institutional investors (FII) pitched with 2.86 crore bids, while mutual funds bid for 20 lakh shares.The company had fixed the price band at Rs 150-175 per share.
The IPO also got a huge response from retail investors and non-institutional investors, as the allocated segments were subscribed 21 and 62 times respectively.Overall, around two crore bids were received at the cutoff price for the issue.
Thursday, June 14, 2007
DLF IPO gets subscribed 2.36 times
The mega initial public offer of real estate major DLF Ltd, through which the developer is expecting to garner Rs 9,625 crore, on Thursday got subscribed 2.36 times in the first hour of its last day of offer.
The issue received 41.31 crore bids for its 17.5 crore equity shares on offer, the data available on the stock exchanges show.
The issue, which had opened on June 11, would close at the end of working hours today. The company received decent response yesterday from the Qualified Institutional Buyers with the portion reserved for them getting subscribed over three times.
Billionaire K P Singh-promoted DLF, which is offering 17.5 crore equity shares through 100 per cent book-building process, has fixed the price band at Rs 500-550 per share.
The mega-issue would make it among the 10 largest firms on the bourses with a value of Rs 93,700 crore on the upper band.
The issue would close on June 14. It would constitute 10.27 per cent of the fully diluted post-issue capital of the company.
The issue received 41.31 crore bids for its 17.5 crore equity shares on offer, the data available on the stock exchanges show.
The issue, which had opened on June 11, would close at the end of working hours today. The company received decent response yesterday from the Qualified Institutional Buyers with the portion reserved for them getting subscribed over three times.
Billionaire K P Singh-promoted DLF, which is offering 17.5 crore equity shares through 100 per cent book-building process, has fixed the price band at Rs 500-550 per share.
The mega-issue would make it among the 10 largest firms on the bourses with a value of Rs 93,700 crore on the upper band.
The issue would close on June 14. It would constitute 10.27 per cent of the fully diluted post-issue capital of the company.
Tuesday, June 12, 2007
Day 2: DLF issue subscribed 1.28 times
The DLF public issue was subscribed 1.28 times at the end of day two of the offer period.From the data available on the NSE web site, the IPO has received 22.31 crore bids against total issue size of 17.5 crore shares. Around 48.31 lakh bids were made at cut-off price of Rs 550.
Qualified institutional buyers have been showing great interest. They have subscribed it 2.08 times. They have bid for 21,72,85,430 shares against 10,44,00,000 shares reserved for them.
Non-institutional investors subscribed to their portion 0.02 times while retail subscribed it 0.10 times.Employees bid for 76,780 share against 10,00,000 on offer.
The company is offering 175,000,000 equity shares of Rs 2 each through a 100% book building process. The price band is Rs 500-550 and the issue closes Thursday.The issue would constitute 10.27% of the fully diluted post-issue capital of the company.
Qualified institutional buyers have been showing great interest. They have subscribed it 2.08 times. They have bid for 21,72,85,430 shares against 10,44,00,000 shares reserved for them.
Non-institutional investors subscribed to their portion 0.02 times while retail subscribed it 0.10 times.Employees bid for 76,780 share against 10,00,000 on offer.
The company is offering 175,000,000 equity shares of Rs 2 each through a 100% book building process. The price band is Rs 500-550 and the issue closes Thursday.The issue would constitute 10.27% of the fully diluted post-issue capital of the company.
Friday, June 8, 2007
Nelcast IPO subscribed over 7 times
Initial public offer of Nelcast today got oversubscribed seven times on the last day of its Rs 95.26 crore offer.
The IPO received 3.20 crore bids for its offer of 43.50 lakh equity shares, latest data available on the stock exchanges shows.
The company's offer received decent response from Qualified Institutional Buyers, including Foreign Institutional Investors, mutual funds among others, with the portion reserved for them getting subscribed over 11 times, the data shows.
While, the retail investors portion received over 4 times demand for the part reserved for them in the total offer.
Nelcast, a castings and component manufacturing company, which entered the capital market with a 43.50 lakh share initial public offering, IPO.
The issue made through 100 per cent book building process, with the price band between Rs 195 and Rs 219 for the shares of face value Rs 10 each.
The IPO received 3.20 crore bids for its offer of 43.50 lakh equity shares, latest data available on the stock exchanges shows.
The company's offer received decent response from Qualified Institutional Buyers, including Foreign Institutional Investors, mutual funds among others, with the portion reserved for them getting subscribed over 11 times, the data shows.
While, the retail investors portion received over 4 times demand for the part reserved for them in the total offer.
Nelcast, a castings and component manufacturing company, which entered the capital market with a 43.50 lakh share initial public offering, IPO.
The issue made through 100 per cent book building process, with the price band between Rs 195 and Rs 219 for the shares of face value Rs 10 each.
Wednesday, June 6, 2007
Nelcast, Meghmani Organics IPOs fail to enthuse investors
The initial public offering of Nelcast Ltd. has failed to enthuse investors. Meghmani Organics too has not taken off too well.
As per the latest updates on NSE website, the retail portion of Nelcast was subscribed 0.01 times, while the qualified institutional buyers and non-institutional investors are yet to open their books. The IPO opened for subscription Monday and closes on Friday.
The company is offering 43,50,000 equity shares in the price band of Rs 195-219 per share of Rs 10 face value through 100% book building process. The company plans to raise up to Rs 95.27 crore from the issue.
The Meghmani Organics IPO, which opened along with Nelcast, was subscribed 0.07 times on day two. The company is offering 53,68,421 equity shares of face value Rs 1 each in the price band Rs 17 and Rs 19. The issue closes on Thursday.
The retail investors have subscribed the issue 0.21 times, non-institutional investors subscribed 0.06 times while the QIB portion is yet to see bids.
Read more in The Economic Times article.
As per the latest updates on NSE website, the retail portion of Nelcast was subscribed 0.01 times, while the qualified institutional buyers and non-institutional investors are yet to open their books. The IPO opened for subscription Monday and closes on Friday.
The company is offering 43,50,000 equity shares in the price band of Rs 195-219 per share of Rs 10 face value through 100% book building process. The company plans to raise up to Rs 95.27 crore from the issue.
The Meghmani Organics IPO, which opened along with Nelcast, was subscribed 0.07 times on day two. The company is offering 53,68,421 equity shares of face value Rs 1 each in the price band Rs 17 and Rs 19. The issue closes on Thursday.
The retail investors have subscribed the issue 0.21 times, non-institutional investors subscribed 0.06 times while the QIB portion is yet to see bids.
Read more in The Economic Times article.
Tuesday, May 29, 2007
Decolight Ceramics IPO fully subscribed
Vitrified ceramic tiles manufacturer Decolight Ceramics' Initial Public Offer on Tuesday got fully subscribed on last day of its offer.The IPO received 1.44 crore bids for 94.54 lakh offers, getting oversubscribed 1.53 times, latest data available on the stock exchanges shows.
The price band has been fixed between Rs 45 to 54. The company plans to raise Rs 43.45 crore through a 100 per cent book-building process.The IPO received decent response from retail investors with the portion reserved for them getting oversubscribed 3 times while the Qualified Institutional Buyers segment remained undersubscribed, latest data shows.
The proceeds of the issue would be used to raise capital to finance its expansion, which includes raising capacity of vitrified tiles from 6,000 square meters to 12,000 square meters per day.It has also proposed to set up two wind generators having a capacity of 1.25 MW and 2.1 MW each.
The price band has been fixed between Rs 45 to 54. The company plans to raise Rs 43.45 crore through a 100 per cent book-building process.The IPO received decent response from retail investors with the portion reserved for them getting oversubscribed 3 times while the Qualified Institutional Buyers segment remained undersubscribed, latest data shows.
The proceeds of the issue would be used to raise capital to finance its expansion, which includes raising capacity of vitrified tiles from 6,000 square meters to 12,000 square meters per day.It has also proposed to set up two wind generators having a capacity of 1.25 MW and 2.1 MW each.
Wednesday, May 16, 2007
ICICI offers 35% to small investors in public issue
ICICI Bank has set aside 35% of its domestic public issue for retail investors. Within this, 5% of the issue is set aside for retail shareholders of the bank who can buy shares at a discount to issue price. Retail shareholders can pay for subscriptions in installments against which they will receive partly paid shares. However, they stand to lose their shares, if they fail to make payments in time.
In its draft red herring prospectus, submitted to the Securities Exchange Board of India (Sebi), the bank has said that 50% of the issue is set aside for qualified institutional buyers (QIBs) while another 15% is for non-institutional bidders. The bank will raise, at least, 35% from retail individual bidders.
The bank said that it might allot the equity shares to existing retail shareholders and retail individual bidders at a differential lower price compared to the price for qualified institutional buyers and non-institutional bidders. It has stated that the differential amount will be adjusted against the balance amount payable or it would be refunded to the respective shareholders or bidders.
Read more in The Economic Times article.
In its draft red herring prospectus, submitted to the Securities Exchange Board of India (Sebi), the bank has said that 50% of the issue is set aside for qualified institutional buyers (QIBs) while another 15% is for non-institutional bidders. The bank will raise, at least, 35% from retail individual bidders.
The bank said that it might allot the equity shares to existing retail shareholders and retail individual bidders at a differential lower price compared to the price for qualified institutional buyers and non-institutional bidders. It has stated that the differential amount will be adjusted against the balance amount payable or it would be refunded to the respective shareholders or bidders.
Read more in The Economic Times article.
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