Indian Stock Market News: Stock Tips, IPO News & Analysis, Stock Quotes

IRFC Bonds Issue 2012, Indian Railway Finance Corp Bonds Issue Dates & Interest Rates

2012-01-25T02:57:00.000-08:00

Indian Railway Finance Corp tax free, secured, redeemable, non-convertible bonds issue details are as under:

Bonds Issue Opens: 27th January 2012
Bonds Issue Close: 10th February 2012
Face Value: 1000 Rs.
Bonds Issue Size: Rs 6,300 crore
Bonds Issue Price: Rs 6,300 crore
Minimum Application: 10 bonds (Rs 10,000)
Rating: CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE & “[ICRA] AAA” by ICRA
Allotment: First-come-First-serve basis
Listing: NSE, BSE

ISSUER	IRFCL – Tranche 1 Series I	IRFCL – Tranche 1 Series II
Issue Structure	Secured, NCD, Listed in NSE BSE	Secured, NCD, Listed in NSE BSE
Credit Rating	AAA by CRISIL & ICRA	AAA by CRISIL & ICRA
Face Value	Rs.1000 per bond	Rs.1000 per bond
Minimum Subscription	5 Bonds	5 Bonds
Tenure	10 Years	15 Years
Coupon Rate -TAX Free	8.0% pa for Applicants under category I & II	8.10% pa for Applicants under category I & II
	OR	OR
	8.15% pa for Applicants under category III*	8.30% pa for Applicants under category III*
Interest Payment	October 15, every year	October 15, every year
Issue Opens	27th January 2012	27th January 2012
Issue Closes	10th February 2012	10th February 2012
Allocation Basis	first-come first-serve basis.	first-come first-serve basis.

LEAD MANAGERS TO THE ISSUE:
SBI Capital Markets Limited
A. K. Capital Services Limited
ICICI Securities Limited

IRFC Bonds Issue Registrar:
Karvy Computershare Private Limited
Plot No. 17 to 24 Vittal Rao Nagar,
Madhapur
Hyderabad PIN 500 081
Toll Free No.1-800-3454001
Tel: +91 40 4465 5000
Fax: +91 40 2343 1551
E-mail ID: irfc.bonds@karvy.com
Investor Grievance Email: irfc.bonds@karvy.com
Website: http://karisma.karvy.com
Contact Person: Mr. M. Murali Krishna
SEBI Registration Number: INR000000221

Trustee for the BondHolders
Indian Bank
Corporate Office,254-260, Avvai Shanmugam Salai,
Royapettah,
Chennai - 600 014
India
Tel: +91 44 2813 4089, 2813 4436
Fax :+91 44 2813 4088
Contact Person:
Mr. T. Chandrasekaran
E-mail ID: holegal@indianbank.co.in
Website: www.indianbank.com
SEBI Registration Number: IND000000017

Important Links:
Application Form
Read More...

Bajaj Finserv Q3 Results Announced for Quarter Ended on Dec 2011

2012-01-18T22:29:00.000-08:00

Bajaj Finserv Ltd has announced the following results for the quarter ended December 31, 2011:

The Unaudited results for the Quarter ended December 31, 2011

The Company has posted a net profit of Rs. 144.70 million for the quarter ended December 31, 2011 as compared to Rs. 111.50 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 267.50 million for the quarter ended December 31, 2010 to Rs. 308.00 million for the quarter ended December 31, 2011.

"The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2011

The Group has posted a net profit of Rs. 1700.60 million for the quarter ended December 31, 2011 where as the same was at Rs. 1067.80 million for the quarter ended December 31, 2010. Total Income is Rs. 8255.70 million for the quarter ended December 31, 2011 where as the same was at Rs. 5320.10 million for the quarter ended December 31, 2010.

Upon acquisition of further shares, Bajaj Finance Ltd. (BFL) became a subsidiary of the Company from July 05, 2010. Accordingly, BFL has been consolidated as a subsidiary from that date. Prior to that date, BFL was consolidated as an associate. Hence, the consolidated financial results for the nine months ended December 31, 2011 are not comparable with those of the prior period."

Jindal Steel Q3 Results Announced for Quarter Ended on Dec 2011

2012-01-18T22:27:00.001-08:00

Jindal Steel & Power Ltd has announced the following results for the quarter ended December 31, 2011:

The Unaudited results for the Quarter ended December 31, 2011

The Company has posted a net profit of Rs. 4610.70 million for the quarter ended December 31, 2011 as compared to Rs. 5019.30 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 24185.30 million for the quarter ended December 31, 2010 to Rs. 33185.40 million for the quarter ended December 31, 2011.

The Consolidated Results are as follows:

The Unaudited consolidated results for the Quarter ended December 31, 2011

The Group has posted a net profit of Rs. 9966.80 million for the quarter ended December 31, 2011 as compared to Rs. 9354.30 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 31827.00 million for the quarter ended December 31, 2010 to Rs. 44002.60 million for the quarter ended December 31, 2011.

HCL Technologies Board declares Interim Dividend

2012-01-17T23:56:00.001-08:00

HCL Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 17, 2012, inter alia, has declared an interim dividend of Rs. 2/- per equity share of face value of Rs. 2/- each of the Company. The payment date of the said interim dividend shall be February 01, 2012.

Fixes Record Date for Third Interim Dividend

Financial Technologies (India) Ltd has informed BSE that February 10, 2012, has been fixed as the Record Date for the purpose of Payment of Third Interim Dividend, if declared.

Source: BSE Corporate Announcements

HCL Technologies Q2 Results Announced

2012-01-17T23:55:00.001-08:00

HCL Technologies Ltd has announced the following Unaudited results for the quarter ended December 31, 2011:

The Company has posted a net profit of Rs 4939.70 million for the quarter ended December 31, 2011 as compared to Rs 2859.70 million for the quarter ended December 31, 2010. Total Income has increased from Rs 16875.90 million for the quarter ended December 31, 2010 to Rs 22165.30 million for the quarter ended December 31, 2011.

The Consolidated Results are as follows

The Consolidated Results (as per US GAAP) are as follows: (in million US $)

The Group has posted a net income of $ 111.60 million for the quarter ended December 31, 2011 as compared to $ 88.80 million for the quarter ended December 31, 2010. Revenues has increased from $ 864.10 million for the quarter ended December 31, 2010 to $ 1021.90 million for the quarter ended December 31, 2011.

Source: BSE Corporate Announcements

IRB Infra Fixes Record Date for Payment of Interim Dividend

2012-01-17T23:53:00.001-08:00

IRB Infrastructure Developers Ltd has informed BSE that February 01, 2012, has been fixed as the Record Date for the purpose of Payment of Interim Dividend.

Source: BSE Corporate Announcements

IPCA Laboratories Fixes Record Date for 2nd Interim Dividend

2012-01-17T23:52:00.001-08:00

Ipca Laboratories Ltd has informed BSE that February 08, 2012 has been fixed as the Record Date for the purpose of 2nd Interim Dividend for the Financial Year 2011-12, if declared.

The interim dividend if declared shall be paid / dispatched by February 22, 2012.

Source: BSE Corporate Announcements

TCS Board Declares Third Interim Dividend

2012-01-17T23:51:00.001-08:00

Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 17, 2012, inter alia, have declared a Third Interim Dividend of Rs. 3 per Equity Share of Re. 1 each of the Company.

Fixes Record Date for Third Interim Dividend

Tata Consultancy Services Ltd has informed BSE that January 28, 2012 has been fixed as the Record Date for the purpose of Payment of Third Interim Dividend.

Further the Company has informed that, the Third Interim Dividend will be paid to the equity shareholders of the Company on February 10, 2012.

Source: BSE Corporate Announcements

TCS Q3 Results Announced

2012-01-17T23:50:00.001-08:00

Tata Consultancy Services Ltd has announced the following results for the quarter ended December 31, 2011:

The Audited results for the Quarter ended December 31, 2011

The Company has posted a net profit after tax of Rs. 31681.00 million for the quarter ended December 31, 2011 as compared to Rs. 20517.50 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 77644.50 million for the quarter ended December 31, 2010 to Rs. 113078.70 million for the quarter ended December 31, 2011.

The Consolidated Results are as follows:

The Audited consolidated results for the Quarter ended December 31, 2011

The Group has posted a net profit of Rs. 28027.70 million for the quarter ended December 31, 2011 as compared to Rs. 23698.30 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 98575.60 million for the quarter ended December 31, 2010 to Rs. 131167.10 million for the quarter ended December 31, 2011.

Source: BSE Corporate Announcements

Financial Technologies (India) Ltd Fixes Record Date for Third Interim Dividend

2012-01-17T23:49:00.001-08:00

Financial Technologies (India) Ltd has informed BSE that February 10, 2012, has been fixed as the Record Date for the purpose of Payment of Third Interim Dividend, if declared.

Source: BSE Corporate Announcements

Gail India Fixes Record Date for Interim Dividend

2012-01-17T23:31:00.001-08:00

Gail (India) Ltd has informed BSE that January 28, 2012 has been fixed as the Record Date for the purpose of Payment of Interim Dividend, if so approved by the Board.

Source: BSE Corporate Announcements

Reliance Industries To Buy Back Shares on 20 January

2012-01-17T23:26:00.000-08:00

Reliance Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 20, 2012, inter alia, to consider and approve a proposal for Buy Back of the Company's equity shares in accordance with all applicable provisions of law.

The stock of Reliance Industries zoom around 5% in opening trade and made a high of 775 on BSE Today.

Goodwill Hospital IPO Subscription Status

2012-01-03T01:28:00.000-08:00

IPO Closes on: 09 January 2012

Till 06 January 2012, Final Subscription

Qualified Institutional Buyers (QIBs): 0.00 times

Non Institutional Investors: 0.02 times

Retail Individual Investors (RIIs): 0.01 times

Total Subscription: 0.01 times (Goodwill Hospital IPO Subscribed)

More Information:

Goodwill Hospital IPO Grey Market Premium & Kostak Rates: Click Here

Goodwill Hospital IPO Listing Date: Click Here

NHAI Bonds Issue 2011-2012: NHAI Bonds Issue Dates & Interest Rates

2011-12-30T07:35:00.000-08:00

National Highways Authority of India (NHAI) is going to launch TAX Free Bonds on December 28, 2011 with highest RETURNS. This is a long awaited Govt tax free bond with good ratings due to which it is highly likely that the issue will get over-subscribed before the closing date (i.e. January 11, 2012). So if you wish to get the allotment then you would have start & send us your application ASAP.

>> CLICK HERE TO Download e-application form for NHAI Bonds

Few things for NRIs:

This issue is only open for NRIs – Holding Indian passports. If you are an OCI or PIO then you cannot invest in this.
Highly secure & guaranteed by Indian Govt, with Credit Rating of AAA from CRISIL & CARE & FITCH
Interest way higher than any normal Fixed Deposit in India OR nre/nro deposits.
Issue opens 28th Dec 2011 – AND – closes 11th Jan 2012.
Allotment basis – FIRST COME FIRST GET BASIS.
Min investment: 50 Bonds, and then multiples of 1 thereafter.
NRIs can invest/buy in both DEMAT form OR Physical Form. If you wish to buy in Physical form then an Indian address proof need to be submitted & the Govt sends the bond certificates there.
NRIs can invest on both Repatriable or Non-repatriable basis (through NRE or NRO account).
You can hold these bonds till maturity (10 or 15 years) & get interest annually OR sell them in the NSE or BSE market if you wish.

Terms and Conditions:

NATIONAL HIGHWAYS AUTHORITY OF INDIA
Issue Opening Date:	28/12/2011
Issue Closing Date:	11/01/2012
Issue shall remain open for subscription for a minimum of 3 days or such extended period upto a maximum period of 30 days from the date of opening of the Issue. In case of early closure, NHAI shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper

HIGHLIGHTS OF THE BOND ISSUE
Issuer	National Highways Authority of India
Nature of Instrument	Tax-Free Secured Redeemable Non-Convertible Bonds in the nature of Debentures
Issue Size	Rs. 5,000 crore with an option to retain oversubscription of upto Rs. 5,000 crore
Tax Benefits	1. The income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act, 1961;2. There shall be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors;3. As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer. Under section 112 of the I.T. Act, capital gains arising on the transfer of listed Bonds shall be taxed @ 10% without indexation;4. Wealth Tax is not levied on investment in Bond under section 2(ea) of the Wealth-tax Act, 1957.
Instrument Form	At the option of investors, in dematerialized as well as in physical form
Security	Pari passu charge on the immovable property situated at Ahmadabad and exclusive first charge on fixed assets of NHAI, being highway project comprising of all superstructure including highway lightings, road barriers and dividers, bridges, culverts and all other super structures constructed on national highways entrusted to NHAI
Credit Rating	“CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and“Fitch AAA(ind)” by FITCH
Face Value	Rs. 1,000/- per Bond
Issue Price	At par i.e. Rs. 1,000/- per Bond
Minimum Application	50 Bonds (Rs. 50,000/-) and in multiples of 1 Bonds (Rs. 1,000/-) thereafter
Tranche	Series-I	Series-II
Tenor	10 Years	15 Years
Put & Call Option	None	None
Maturity/ Redemption	At par on the expiry of 10th Year from the Deemed Date of Allotment	At par on the expiry of 15th Year from the Deemed Date of Allotment
Coupon Rate	8.20% p.a.	8.30% p.a.
Interest Payment	Annual	Annual
Interest Payment Dates	Every year on October 01, and on respective maturity
Listing	Proposed on BSE Ltd. (“BSE”) and National Stock Exchange of India Ltd. (“NSE”). The Designated Stock Exchange for the Issue is BSE
Trustee	SBICAP Trustee Company Ltd.
Interest on Application Money	At the respective coupon rate on Bonds (subject to deduction of tax at source, as applicable) will be paid to the eligible applicants to whom the Bonds are allotted pursuant to the Issue on the amount allotted from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one date prior to the Deemed Date of Allotment.@ 4.00% p.a. (subject to deduction of tax at source, as applicable) on application money which is liable to be refunded to the applicants from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment. Such interest shall be paid along with the monies liable to be refunded.

>> CLICK HERE TO Download e-application form for NHAI Bonds

DLF Ratings downgraded to 'CRISIL A/Negative/CRISIL A2+'

2011-12-30T07:26:00.000-08:00

Rs.50.00 Billion Non-Convertible Debentures	CRISIL A/Negative (Downgraded from ‘CRISIL A+/Stable’)
Rs.116.56 Billion Term Loans*	CRISIL A/Negative (Downgraded from ‘CRISIL A+/Stable’)
Rs.4.04 Billion Overdraft Facility	CRISIL A/Negative (Downgraded from ‘CRISIL A+/Stable’)
Rs.17.64 Billion Short-Term Loan	CRISIL A2+ (Downgraded from ‘CRISIL A1’)
Rs.6.77 Billion Bank Guarantees	CRISIL A2+ (Downgraded from ‘CRISIL A1’)
Rs.12.29 Billion Letter of Credit	CRISIL A2+ (Downgraded from ‘CRISIL A1’)
Rs.30.00 Billion Short-Term Debt	CRISIL A2+ (Downgraded from ‘CRISIL A1’)

CRISIL has downgraded its ratings on the debt programmes and bank facilities of DLF Ltd (DLF) to ‘CRISIL A/Negative/CRISIL A2+’ from ‘CRISIL A+/Stable/CRISIL A1’. The downgrade has been driven by CRISIL’s belief that DLF’s debt levels will remain high and that the weak business environment will result in moderate operating cash flows, leading to weak debt protection metrics.

DLF’s debt levels will remain higher than CRISIL’s earlier expectations because of delay in divestment of non-core assets. CRISIL had earlier expected DLF’s debt levels to decline; supported by divestments of non-core assets of Rs.25 billion in 2011-12 (refers to financial year, April 1 to March 31). However, in the six months ended September 30, 2011, the company achieved divestments of only around Rs.4 billion; its reported gross debt levels have also gone up to Rs.255 billion as on the same date, from Rs.240 billion as on March 31, 2011. Furthermore, the weak business environment will continue to dampen the outlook for the real estate sector in the near term. This, coupled with the high debt levels, is expected to lead to the company’s weak debt protection metrics.

The ratings reflect DLF’s healthy business risk profile and financial flexibility. These rating strengths are partially offset by the company’s high debt levels resulting in weak debt protection metrics, and susceptibility to risks and cyclicality inherent in the real estate sector.

For arriving at its ratings, CRISIL has combined the business and financial risk profiles of DLF and its subsidiaries, joint ventures, and associates, because of their strong operational linkages. In March 2010, DLF completed integration of its promoter-owned entity, Caraf Builders and Constructions Pvt Ltd (Caraf; the holding company for DLF Assets Ltd [DAL]), with DLF Cyber City Developers Ltd. The integration was done to consolidate all rental businesses under one entity.

DLF’s business risk profile is marked by strong market position, low-cost land bank, and economies of scale. DLF’s strong market position is reflected in its established track record in real estate projects across segments and regions in India. The company has so far sold around 50 million square feet (sq ft) of residential and commercial properties, and also has a total leased asset portfolio of around 25 million sq ft. DLF has the most extensive track record of real estate development amongst any private developer in India. The company’s market position is also underpinned by it large low-cost land bank of around 359 million sq ft in prime locations, which supports the profitability of its projects, providing it with a significant competitive advantage over other real estate developers. After the amalgamation of Caraf in March 2010, DLF’s lease rental income increased to Rs.7.57 billion for the six months ended September 30, 2011 from Rs.12.81 billion in 2010-11 and Rs.7.25 billion in 2009-10. The increasing lease income lends stability to the otherwise cyclical business that DLF operates in. CRISIL believes that DLF’s lease rental income will gradually increase over the medium term, driven by incremental leases in DAL’s properties, and renewal of existing leases at relatively higher rates.

CRISIL also believes that DLF enjoys healthy financial flexibility, with a track record of raising funds from national and international investors. The company also has a policy of maintaining liquidity at any given point in time to adequately support the repayment of its debt and interest due for the next six months; DLF had cash and bank balances of Rs.11.8 billion and liquid investments of Rs.5.8 billion as on September 30, 2011.

DLF has very high debt levels, which increased to around Rs.255 billion as on September 30, 2011, from 240 billion as on March 31, 2011. The increase in borrowings is a result of slower new project launches, investment in strategic land acquisition, and delay in recovery from non-core asset divestments. CRISIL believes that DLF’s debt levels will remain high for its rating category over the medium term because of the slow pace of divestments. DLF has unlocked Rs.35 billion from divestment of non-core assets over the past two and a half years and has identified a portfolio of non-core assets aggregating to Rs.60-70 billion, for divestment over the medium term. The company’s ability to unlock value from non-core assets and consequently reduce its debt levels remains a key rating sensitivity factor. Reduction in debt levels will strengthen the debt protection metrics and consequently improve its overall financial risk profile.

The other risk factors include cyclicality in the real estate sector in India, marked by volatile prices, and a highly fragmented market structure.

Outlook: Negative

CRISIL believes that DLF’s operating cash flows will moderate because of the weak business environment, which along with high debt levels, is likely to further weaken DLF’s debt protection metrics over the medium term. The ratings may be further downgraded in case of slower-than-expected movement in DLF’s divestments of non-core assets and consequent delay in debt reduction, or if there is a sharp decline in the company’s revenues and profitability, triggered by slackened saleability of its projects. Conversely, the outlook may be revised to ‘Stable’ in case of an increase in DLF’s operating cash flows, or a significant improvement in its capital structure.

About the Company

DLF, along with its subsidiaries, is one of the oldest and largest real estate companies in India. The company has a diverse asset portfolio, across real estate segments, and is expanding its presence across India.

For 2010-11, DLF reported a net profit of Rs.16.40 billion on sales of Rs.95.61 billion, against a net profit of Rs.17.20 billion on sales of Rs.74.23 billion for 2009-10. For the six months ended September 30, 2011, the company reported a net profit of Rs.7.43 billion on net sales of Rs.49.78 billion, against a net profit of Rs.8.34 billion on net sales of Rs.43.98 billion for the corresponding period of the previous year.

Source: CRISIL Limited

‘CRISIL A+’ Rating for ONGC Tripura Power Company's LTD Programme

2011-12-30T07:23:00.001-08:00

- Rs.3.50 Billion Long-Term Debt

- CRISIL A+/Stable (Assigned)

CRISIL has assigned its ‘CRISIL A+/Stable’ rating to the long-term debt of ONGC Tripura Power Company Ltd (OTPC).

The rating reflects the financial and managerial support that OTPC gets from its largest shareholder, Oil and Natural Gas Corporation Ltd (ONGC; rated ‘CRISIL AAA/Stable/CRISIL A1+’), and competitive advantages that OTPC is likely to have because of gas supply from ONGC on a firm-price basis. The rating also reflects the progress made by OTPC so far in its ongoing project. These rating strengths are partially offset by OTPC’s exposure to implementation-related risks in its ongoing project, including synchronisation of transmission project and risks related to weak counter parties post implementation.

OTPC is an initiative of ONGC for monetisation of its unutilised gas reserves in Tripura. Besides being the gas supplier to the project, ONGC is also the largest shareholder in OTPC, with current shareholding of 50 per cent. OTPC’s board of directors consists of four representatives of ONGC, including the Chairman. ONGC is also implementing an upstream project, which includes laying pipeline infrastructure for gas supply to the power plant. CRISIL believes that ONGC’s majority control of OTPC, and OTPC’s strategic importance to ONGC, underscore ONGC’s moral obligation and economic rationale to support OTPC. OTPC has already signed a Gas Sale and Purchase Agreement (GSPA) with ONGC, which meets the fuel requirement for the project for 15 years with provision for extension by two additional five-year terms. The supply of gas at a firm price would ensure a competitive tariff for the project over the long term. Furthermore, other contractual arrangements such as Engineering, Procurement And Construction (EPC) contract with Bharat Heavy Electricals Ltd (BHEL; rated ‘CRISIL AAA/Stable/CRISIL A1+’), Power Purchase Agreements (PPAs) with north-eastern states, and funding tie-ups, also help mitigate development and commercial risks associated with the project. OTPC has obtained approvals and clearances, including environment clearance, for the project.

OTPC, however, remains exposed to residual risks related to timely implementation of the project. The project is exposed to the risk of unavailability of transmission infrastructure which is critical for power evacuation and supply. Heavy rains and rough terrain delayed the transport of gas turbine and steam turbine on the site. Both the units have, however, reached the site now. OTPC expects commercial production at the first unit to commence by March, 2012, against earlier planned in December, 2011; the second unit is expected to commence operations by July 2012.

After completion of the ongoing project, OTPC would sell around 87 per cent (about 628 megawatt [MW]) of its total power production to various north-eastern State Power Utilities (SPUs), which have weak credit risk profiles. Although OTPC is assured of complete recovery of fixed costs because of the take-or-pay nature of its PPAs, the company will remain exposed to risks of delay in payments by the north-eastern SPUs. Nevertheless, OTPC’s receivables will be secured by a revolving letter of credit mechanism, and it also has an option of open access in case of default of payment.

Outlook: Stable

CRISIL believes that while a significant proportion of the implementation has been achieved, OTPC will continue to receive support from ONGC in case of any exigencies emanating from the residual implementation risk. The outlook maybe revised to ‘Positive’ if OTPC completes its project without significant time or cost overrun and stabilises its operations. Conversely, the outlook may be revised to ‘Negative’ or the rating may be downgraded if OTPC faces delays in the project, resulting in lower-than-expected revenues and profitability.

About the Company

OTPC, which is a joint venture of ONGC, IL&FS Energy Development Company Ltd (IEDCL), and the Government of Tripura (GoT), is implementing a 726.6-MW combined cycle gas turbine (CCGT) power project in Palatana (Tripura). The proposed shareholding structure envisages ownership by ONGC of 50 per cent of OTPC’s equity shares, with IEDCL owning 26 per cent, and GoT owning 0.5 per cent. IEDCL has also undertaken for the placement of the remaining equity stake of 23.5 per cent through a public offering or with strategic investors.

The original project cost was at Rs.34.2 billion, to be funded in a debt-equity mix of 75:25. OTPC has already signed PPAs with the north-eastern state governments for supply of 87 per cent of power; the rest would be sold through the merchant power route.

The transmission system connecting Palatana and Bongaigaon (Assam), a distance of around 650 kilometers, for evacuation of power is being implemented by North East Transmission Company Ltd (NETCL) at a cost of Rs.17.70 billion (funded in a debt-equity mix of 80:20). NETCL is a joint venture of OTPC (proposed shareholding of 26 per cent), Power Grid Corporation of India Ltd (rated ‘CRISIL AAA/Stable/CRISIL A1+’; proposed shareholding of 26 per cent), and the north-eastern state governments (proposed shareholding of 48 per cent). The construction of transmission line from project site to Bongaigaon is delayed mainly because environment clearance has not yet been obtained from Assam and Meghalaya governments. However, the transmission line established till Silchar will be used for the evacuation of power generated from the first unit. OTPC expects the transmission line to be commissioned by July 2012 for power evacuation for the second unit.

ONGC is India’s largest exploration and production company; it explores, develops, and produces crude oil and natural gas in India and internationally. The Government of India (GoI) is ONGC’s majority shareholder, owning 74.14 per cent of the company’s equity capital. ONGC functions under the administrative control of the Ministry of Petroleum and Natural Gas, GoI. For 2010-11 (refers to financial year, April 1 to March 31), ONGC, on a consolidated basis, reported a profit after tax (PAT) of Rs.228 billion on net sales of Rs.1.17 trillion, against a PAT of Rs.197 billion on net sales of Rs.1.02 trillion for the previous year. For the six months ended September 30, 2011, ONGC (standalone) reported, on provisional basis, a net profit of Rs.127 billion on net sales of Rs.388 billion, against a net profit of Rs.90 billion on net sales of Rs.319 billion for the corresponding period of the previous year.

Source: CRISIL Limited

10 Stocks To Add To Your Portfolio for 2012: Unicon

2011-12-30T07:08:00.000-08:00

Unicon Investment has come out with its top 10 stock picks for new year 2012. In this list State Bank of India (SBI) , Yes Bank , Coal India , Jindal Steel & Power (JSPL) , Bharat Heavy Electricals (BHEL) , Larsen and Toubro (L&T) , Opto Circuits India , Mundra Port and Special Economic Zone , Eros International Media , and United Phosphorous are the few stocks.

Company Name	CMP	Target Price
State Bank of India	1627	1949
Yes Bank	239	345
Coal India	299	350
Jindal Steel & Power Ltd	465	550
Bharat Heavy Electricals	237	290
Larsen and Toubro	1001	1250
Opto Circuits India	203	330
Mundra Port	123	136
Eros International Media	200	300
United Phosphorous	126	192

Source: Moneycontrol.com

Indian Investors Need To Watch 5 Things Carefully in 2012

2011-12-30T07:03:00.001-08:00

Moneycontrol Bureau

Supporters of the India growth story would like to treat the year 2011 as a bad dream. In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis.

The participation of local and foreign institutions in Indian equity markets has been marginal. Fiscal deficit is likely to be around 5.5% against the target of 4.7%. In short, things, which were looking positive at the beginning of the year, seem to have lost steam and the situation looks grim.

While it is very difficult to make a guess given the uncertainty in many quarters, the equity markets seems to have substantially priced in the worst. It is trading at a PE of 12 times financial year 2013 estimates. But one is for certain and that is it will get worse before it gets any better.

Most market watchers would agree that the eurozone will hold the key to any semblance of a bull market in 2012. There was across-the-board change of the guard in 2011, as struggling European countries brought in the technocrats, or voted out governments which had failed to solve their economic crises. In 2012, there could be an even bigger shift, with several key countries facing possible changes at the top.

There is also a chance that Italy will have a new election, which could kick out the current technocratic government, if President Giorgio Napolitano fails to reverse former Prime Minister Silvio Berlusconi’s electoral reforms of 2005. Berlusconi still controls the Senate. Elections are not due until April 2013, but Italian politics are famously unpredictable.

However, the euro's dramatic slide to the year’s lows in light trading is a likely prelude to more weakening in the New Year and highlights the long haul ahead for the euro zone’s debt crisis.

On the flipside, the US economy is expected to do much better in 2012. The economy has generated at least 100,000 new jobs for five months in a row -- the longest such streak since 2006. The number of people applying for unemployment benefits has dropped to the lowest level since April 2008. The trend suggests that layoffs have all but stopped and hiring could pick up.

More importantly for us, the growth trajectory of the country will watched very carefully. And as things stand, India could definitely suffer a little bit more and market is possibly taking that into account right now.

Next up, would be the tattered condition of the government coffers . The Centre will need to be more proactive in terms of addressing investor concerns and provide more clarity as to how they plan on controlling the ballooning deficits of the nation.

The Reserve Bank, meanwhile, announced that India will borrow an additional Rs 40,000 crore through dated securities in the current fiscal year ending in March.

With Iran threatening to cut off about a fifth of the world's oil supply by closing the Strait of Hormuz and unrest in Iraq endangering the ability to increase production there, financial analysts say prices for two important oil benchmarks will average from USD 100 a barrel to USD 120 a barrel in 2012.

But the joker in the pack will definitely be the Indian rupee , Asia's worst performing currency this year. If the US dollar gains against major currencies, it is bound to gain against the rupee. And the outlook, for the short-term at least, suggest that the global demand for the US dollar is expected to stay strong.

Let's us hope the RBI has more tricks up its sleeves in 2012.

Sagar Salvi

sagar.salvi@network18online.com

Source: moneycontrol.com

Goodwill Hospital & Research Centre IPO Dates, Price Band, Registrar, IMP Links

2011-12-28T05:57:00.001-08:00

Goodwill Hospital and Research Centre Ltd IPO withdrawn (NSE Notice)

Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Goodwill Hospital and Research Centre Limited has been withdrawn.

Goodwill Hospital & Research Centre IPO Information:

- IPO Open: 30 December 2011
- IPO Close:09 January 2012
- IPO Size: Rs. 62 Crore (Approx)
- IPO Face Value: Rs. 10 / Equity Shared
- IPO Price Band: Rs. 175 - Rs. 185 Per Equity Share
- Minimum Quantity: 35 Shares (Rs. 6475 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 525 Shares (Rs. 97125 with 15 Lot)
- Maximum Quantity (2 Lakh Application): 1050 Shares (Rs. 194250 with 30 Lot)
- IPO Listing At: BSE, NSE

Goodwill Hospital IPO Grading / Rating by CARE : IPO Grade 3/5. Means it has Average Fundamentals.

About Company:

Contact Information:
Registered Office : 705 Kailash Building, 26 Kasturba Gandhi Marg, New Delhi - 110001
Phone: 91 11 23711897
Fax: 91 11 23319995
Email: ipo@ojjus.org
Website: http://www.ojjus.org/

Book Running Lead Manager(s)
1. Spa Merchant Bankers Ltd

Registrar of Goodwill Hospital & Research Centre IPO
Beetal Financial & Computer Services (P) Limited » Report
Phone: +91 11 29961281
Fax: +91 11 29961284
Email: goodwill@beetalfinancial.com
Website: http://www.beetalfinancial.com

Goodwill Hospital & Research Centre IPO Important Links:
Draft Prospectus with SEBI
Red Herring Prospectus

More Information:
Goodwill Hospital & Research Centre IPO Grey Market Premium & Kostak Rates: Click Here
Goodwill Hospital & Research Centre IPO Listing Date: Click Here

Muthoot Finance NCD Bond Issue 2011-2012 Dates & Interest Rate Information

2011-12-28T05:46:00.000-08:00

Muthoot Finance NCD Bond Issue 2011-2012 Detail:

- Issue Open: Dec 22, 2011
- Issue Close: Jan 07, 2012
- Issue Type: Fixed Price Issue NCD
- Issue Size: Rs. 300.00 Crore
- Face Value: Rs. 1000 Per Equity Share
- Issue Price: Rs. 1000 Per Equity Share
- Market Lot: 1 Shares
- Minimum Order Quantity: 5 Shares
- Listing At: BSE

Muthoot Finance NCD Bonds Information:

Issuer: Muthoot Finance Limited
Issue: Public Issue of NCDs aggregating upto Rs.3,00 Crores with an option to retain over-subscription upto Rs. 3,00 Crores.
Issuance and Trading: Compulsorily in dematerialised form
Trading Lot: 1 (one) NCD
Depositories: NSDL and CDSL
Pay-in date: 3 (Three) Business Days from the date of reciept of application or the date of realisation of the cheques/demand drafts, whichever is later.
Deemed Date of Allotment: Shall be the date as decided by the duly authorized committee of the board constituted by resolution of the board dated 25th July 11.
Basis of allotment: Allotment shall be on “first come first serve basis”.
Interest on application & Interest on refund money: 8 % per annum
Day count basis: Actual/Actual
Security: First pari passu charge on the identified immovable property and a first pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables.

Muthoot Finance NCD Bond Issue Interest Rates & Terms

Company Promoters:
1. M.G. George Muthoot;
2. George Thomas Muthoot;
3. George Jacob Muthoot; and
4. George Alexander Muthoot

CREDIT RATING:
- AA-/Stable’ by CRISIL& ICRA

Muthoot Finance NCD Registrar
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mfl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Company Contact Information
Registered Office : Muthoot Chambers, Opposite Saritha Theatre Complex, 2nd Floor, Banerji Road, Kochi 682 018, India
Phone: 91 484 239 4712
Fax: 91 484 239 6506
Email: ncd@muthootgroup.com
Website: http://www.muthootfinance.com/

Muthoot Finance NCD Lead Manager(s)
1. A.K. Capital Services Limited
2. HDFC Bank Limited
3. ICICI Securities Limited
4. Karvy Investor Services Limited

More Information: Click Here

Indian Stock Market Holidays 2012: Sensex Holiday 2012, Nifty Holidays 2012

2011-12-22T20:27:00.000-08:00

Find Indian Stock Market Holidays 2012 List. Find List of 2012 Indian Holidays of Stock Market, Sensex Holidays 2012, Nifty Holidays 2012, BSE Holidays 2012, NSE Holidays 2012.

NSE/ BSE Holidays List	Date	Day
Republic Day	26-Jan-12	Thursday
Mahashivratri	20-Feb-12	Monday
Holi	8-Mar-12	Thursday
Mahavir Jayanti	5-Apr-12	Thursday
Good Friday	6-Apr-12	Friday
Maharashtra Day	1-May-12	Tuesday
Independence Day	15-Aug-12	Wednesday
Ramzan Id	20-Aug-12	Monday
Ganesh Chaturthi	19-Sep-12	Wednesday
Mahatma Gandhi Jayanti	2-Oct-12	Tuesday
Dussera – Vijaya Dashmi	24-Oct-12	Wednesday
Bakri Id	26-Oct-12	Friday
Diwali Amavasya (Laxmi Pujan)	13-Nov-12	Tuesday
Diwali Balipratipada	14-Nov-12	Wednesday
Gurunanak Jayanti	28-Nov-12	Wednesday
Christmas	25-Dec-12	Tuesday

Note: Diwali 2012 Muhurat Trading: Tuesday, November 13, 2012 (Diwali Amavasya - Laxmi Puja).

Stock Market Timings: (Regular Days)
Opening Time: 09:15 AM IST
Closing Time: 3:30 PM IST

Sensex's Biggest Rise in 2010-2011; Biggest Sensex Gain in Single Day

2011-12-21T19:48:00.000-08:00

Indian market is waiting for investors to get gain from it but some how its going either way. The Rupee is fallen to 53+ Rs against Dollar in December 2011. Sensex loose 16000 Mark while Nifty also went passed 4600 Mark in December 2011. On 21st December Market zoom after being hammered for last five days. It was up by 510.13 Points with one of the biggest gains in last two year. Here is the data where you can find Sensex's Biggest Jumps in 2010-2011.

Date	Points Rally	Sensex
10-May-10	561 Points Up	(Sensex: 17330)
13-Oct-10	484 Points Up	(Sensex: 20688)
1-Mar-11	623 Points Up	(Sensex: 18446)
24-Jun-11	513 Points Up	(Sensex: 18240)
29-Aug-11	568 Points Up	(Sensex: 16416)
7-Oct-11	440 Points Up	(Sensex: 16232)
28-Nov-11	515.97 Points Up	(Sensex: 17408.4)
21-Dec-11	510.13 Points Up	(Sensex: 15685.21)

RBI Lowers Net Open Position Limits for FX Dealers

2011-12-15T06:33:00.000-08:00

The Reserve Bank finally did what was always feared. It has restricted the net end of day open positions and the intraday open positions that banks can carry.

The central bank has also restricted the extent to which importers and exporters can put in and out of dollars on the basis of their expected earnings, CNBC-TV18’s Latha Venkatesh reports.

This was expected by bankers for the past several weeks and today looks like somebody got wind of it because the dollar went as expensive as 54.29-54.30. Thereafter, yes, there was a stock market recovery, but the rupee quite clearly went all the way up to 53.70-53.60 and that strong finish appears to be that somebody has got wind that the Reserve Bank is planning something drastic and drastic indeed it is.

What it is basically telling is that until this moment, importers and exporters, on the basis of their past performance could get into forward contracts of buying the dollar and then selling it and then buying it and then selling it. Basically, one could cancel and rebook, and cancel and rebook. But, if you did it up to 75% of your eligible limit beyond that you had to take delivery. Up to 75%, you could cancel and rebook.

Now, that limit has been reduced to 25%. So you can still cancel and rebook, because it’s always possible that you took a decision to sell dollar but then you thought okay you took a wrong call so you bought it back and you sold it again. At the moment this moving in and out of dollars has been restricted to only up to 25% of your eligible limits.

Also for FIIs you could take a forward contract and cancel it only up to 10% of your exposures. Otherwise once you took a forward cover it was held on. You could of course roll it over after it matures because you still have open positions in the equity market. Now even that 10% of cancelling and rebooking is not allowed.

Once you got into a forward cover to hedge your exposure you stay put, there is no way you will be allowed to get out of it or punt on it. Basically you can’t punt on the rupee, that’s for importers, exporters, FIIs. As well all cash transactions and what you call cash spot and tom transactions that is transactions which are on a T plus one basis. You buy today and you have to deliver tomorrow.

Those kinds of transactions could also be cancelled and they could be cash settled. You bought the dollar, but you didn’t want to take the dollar, you would just take the difference in cash, in rupees. Now that is not allowed. If you are doing a spot transaction you have to take delivery. If you do it for transaction up to tomorrow or day after you have to take delivery.

So again punting in and out or just making money, speculating on the way of the rupee down that is not possible. So basically they are trying to squeeze out the speculative element.

Source: Moneycontrol.com

Rupee at All-time Low, May Fall Further: JPMorgan

2011-12-12T23:26:00.000-08:00

The rupee breached the 53 per dollar mark to open at 53.10 and went down to an all-time low of 53.17 to a dollar. It had closed at all-time low on Monday after a severe contraction in IIP data and growing European concerns made investors wary. Dollar remained a safe haven amid a spate of bad news, says Brijen Puri of JP Morgan.

Speaking to CNBC-TV18, Puri said so far the Reserve Bank's action has been muted. The apex bank has been trying to stem the volume for a while, but had admitted its inability to hold the rupee-dollar gap. Puri fears the global scene may push rupee down further.

According to Vikram Nanivadekar, Verity Analytics: "Given the global developments & the dollar's strength, the pressure on the rupee is likely to persist. The range for the day is seen between 52.70- 53.35/$."

Source : CNBC-TV18

Car Sales in India Rise 7% in November 2012

2011-12-07T20:59:00.001-08:00

Car sales in India rose an annual 7% in November, the first monthly rise in five, an industry body said on Thursday, as the industry rebounded strongly from the biggest fall in over a decade the month before.

Demand for cars in India, the world's second-fastest growing auto market after China, shrank in July for the first time in nearly three years, and monthly sales have fallen since thanks to high interest rates and rising costs.

Automakers sold 171,131 cars last month, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

Sales of trucks and buses, a key pointer to the country's economic activity, rose 35% to 66,264 vehicles, SIAM said.

Source : Reuters

25 Companies Call-Off IPOs in 2011 Due to Bearish Markets

2011-11-28T07:00:00.000-08:00

SMC Global has come out with its report on IPO market. According to the research firm, 25 companies called off their IPOs during 2011.

The ongoing turmoil in capital markets has been impacting IPO markets severely. The bad mood of capital markets has led 25 companies to call-off their IPOs during this 2011 calendar year. The probable amount that these 25 companies were planning to raise was to an aggregate of Rs 31,000 Crores.

All these 25 companies had valid SEBI approval in hand for their IPOs. Even then, couldn’t open their IPOs within the validity period of one year from the date of SEBI approval.

Of these 25 companies, the list was largely featured with real estate companies and power companies. The list of real estate companies that called off IPOs include Lodha Developers, Ambiance Real Estate, Kumar Urban Developers, Neptune Developers, BPTP, Raheja Universal and Lavasa Corporation. The list of power companies that called off IPOs include Sterlite Energy, Jindal Power, Avantha Power and IND Bharat Power Infra. Other major companies include Reliance Infratel, Glenmark Generics, Gujarat State Petro Corp, One97 Communications.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment

Attachments : IPO_SMC_281111.pdf

Source: moneycontrol.com

Petrol Prices May Turn Cheaper by About One Rupee: Source

2011-11-28T06:56:00.001-08:00

The state refiners could cut petrol prices by about one rupee a litre or 1.5% as softening Singapore spot gasoline prices have offset the impact of a declining rupee, an industry source said on Monday.

The companies cut petrol prices by about 3.2% earlier this month, the first reduction in retail prices in nearly three years and the first since prices were decontrolled in June 2010.

"As per current calculations, there is scope to cut the basic price of petrol by about 0.85 rupees a litre, including taxes it should be about one rupee. We have to see price movements in the next two days also before deciding the final impact," the official said on condition of anonymity.

Refiners discuss prices every two weeks and so far in this fortnight, spot FOB gasoline prices in Singapore have averaged USD 108.76 a barrel compared with USD 114.13 in the previous fortnight, according to Reuters calculations.

Oil companies had earlier this month cut gasoline prices considering the rupee average at 49.30 to a dollar, an Indian Oil Corp press release said. Since then, Reuters data shows the rupee has decline to an average 51.78.

India's three state fuel retailing giants, IOC, Hindustan Petroleum Corp and Bharat Petroleum Corp tend to move their prices in tandem.

Gasoline is nowhere near as widely used as diesel in India -- accounting for around 10% of fuel demand compared with about 40% for diesel -- but it is high-profile because it powers many of the cars owned by the growing middle class.

Gasoline has a 1.09% weighting in the inflation index and near double-digit consumer prices have provoked criticism of the government, which subsidises other fuels such as diesel and cooking gas.

The widening price gap between gasoline and diesel has slowed the growth of gasoline consumption, which has recently fallen behind that of diesel.

Source: moneycontrol.com

Indo Thai Securities IPO Allotment Status

2011-11-01T07:08:00.000-07:00

Check out Indo Thai Securities IPO Allotment Status:

Click Here

Log on to: http://www.shareproservices.com/Appstatus.asp

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Indo Thai Securities IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-11-01T06:53:00.000-07:00

Indo Thai Securities IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533676

NSE Code: INDOTHAI

Group: B

ISIN: INE337M01013

Offer Price: 74

Listing Date: Wednesday, October 20, 2011

BSE Listing Price:

Listing Price: 75

High: 99.10

Low: 18.10

Close: 23

NSE Listing Price:

Listing Price: 76

High: 98.90

Low: 18.85

Close: 23.15

Top 10 Mid Cap Stocks Tips For Diwali 2011 Muhurat Trading

2011-10-25T06:43:00.000-07:00

It's Diwali again and traders are busy gearing up for the customary 'Muhurat trading', a tradition unique to India where markets open for a short while in the evening on the day the country celebrates the festival of lights.

Indian markets open each year to let traders make the auspicious Muhurat trade as the ring in the new Samvat. It is on this day that traders often reflect on the year that went by and see how they fared since the last Deepawali.

This year from one Deepawali to another, there's not much to write about. Indian markets traded close to their all time highs last year when traders took their Muhurat punts and this time they are way off those high levels.

The Indian markets are currently going through tumultuous times once again in a short span of three years from low's of 2008 in the backdrop of global concerns.

The markets seem to have come to terms with the fact that, in light of such constraints, India's GDP growth is likely to be more like 7-7.5% in the near term rather than the aspired over 9%.

According RBI's recent policy statement, India's GDP growth decelerated to 7.7 per cent in Q1 (April-June) of 2011-12 from 8.8 per cent a year ago, and 7.8 per cent in Q4 of 2010-11. The slowdown was on account of slower growth in mining, manufacturing, construction and 'community, social and personal services'.

Here are top mid-cap picks by analysts and brokerage houses that investors may use it to invest in 'Samvat 2068'

1) Sintex Industries

2) Bajaj Electricals

3) Redington

4) Voltas

5) Swaraj

6) Balmer Lawrie

7) Yes Bank

8) Rallis

9) Aditya Birla Nuvo

10) ITC

Source: economictimes.indiatimes.com

Diwali 2011: Diwali Muhurat Trading Timings

2011-10-20T23:15:00.001-07:00

Diwali 2011: Diwali Muhurat Trading/ Deepavali Muhurat Trading will be held on Wednesday, 26th October 2011 (Diwali Amavasya - Laxmi Puja).

Muhurat Trading 2011 Timings, Time for Diwali trading 2011. Diwali Muhurat trading in Samvat Year 2068 on 26 October 2011 on occasion of 2011 Diwali festival.

Here is the BSE Muturat Trading Timings & NSE Muhurat Trading Timings.

Date: 26 October 2011
Vikram Samvat Year: 2068

Diwali 2011 (Vikram Samvat 2068) Muhurat Trading Session Details:

BSE Timings

Session	Start Time	End Time
Login	03 :30 p.m.	04 :30 p.m.
Call Auction	04 :30 p.m.	04 :45 p.m.
Continuous Trading*	04 :45 p.m.	06 :00 p.m.
Closing	06 :00 p.m.	06 :10 p.m.
Post Closing	06 :10 p.m.	06 :20 p.m.
Member Query and 6A / 7A entries	06 :20 p.m.	06 :30 p.m.

* Block Deal window will remain open from 04.45 p.m. to 05:20 p.m.

Happy Investing in Stock Market...

-------------------------------

NSE Timings:
Muhurat trading is the auspicious stock market trading for an hour on Diwali (Deepawali). The practice of muhurat trading has been retained and observed for ages. It is a ritual the trading community has retained with its past. It is a symbolic ritual which has been performed for years.

As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity throughout the year. The time of the muhurat trading is specified by the stock exchange.

Equity Segment - Muhurat Trading Session
Muhurat Trading Session	Timings
Pre-open order entry Open Time	16:30 hrs
Pre Open order entry Close Time (with random closure in last one minute)	16:38 hrs
Pre-open order Matching will start immediately after close of pre-open order entry
Normal / RDM/ Odd Lot Market Open	16:45 hrs
Normal / RDM / Odd Lot Market Close	18:00 hrs
Block Deal session open	16:45 hrs
Block Deal session close	17:20 hrs
Closing Session start	18:10 hrs
Closing Session end	18:20 hrs

Derivatives Segment - Muhurat Trading Session
Muhurat Trading Session Equity Derivatives	Timings
Normal Market open / Exercise Market Open time	16:45 hrs
Normal Market close	18:00 hrs
Set up cut off time for Position Limit / Collateral value	18:15 hrs
Trade modification end time / Options Exercise Market Close time	18:15 hrs

Currency Derivatives
Normal Market open time	17:00 hrs
Normal Market Close	18:00 hrs
Cutoff time for Trade modification / Set up of Position Limit / Collateral value	18:15 hrs

Securities Lending & Borrowing - Muhurat Trading Session
Muhurat Trading Session	Timings
SLBS transaction session	16:45 hrs - 18:00 hrs
CP code modification	18 :30 hrs
Custodian confirmation	20:00 hrs
Final Obligation to Participants	20:30 hrs

-------------------------------

Circular No.: MCX/T&S/381/2011 October 20, 2011

In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange and in continuation to circular no. MCX/T&S/453/2010, dated December 27, 2010; the Members of the Exchange are notified as under:

On the occasion of Diwali (Laxmi Poojan Day), futures contracts of all commodities will be available for Muhurat Trading on Wednesday, October 26, 2011. The market timings for Muhurat Trading session will be as follows:

Day	Wednesday, October 26, 2011
Special Session	4:45 pm – 4:59 pm
Trading Session Timing	5:00 pm – 7:30 pm
Client Code Modification Timing	7:30 pm – 7:45 pm

Members are requested to take note of the same.

M Ramalingam

Vice President

Kindly contact Mr. Dhawal Shah on 022 – 6649 4000 or send an email at

customersupport@mcxindia.com for any clarification.

Back in Double Digit: Food Inflation at 10.6%

2011-10-20T22:57:00.001-07:00

Food inflation clawed back into double digits in early October as pulses, vegetables, fruits, milk, egg, meat and fish turned costlier and economists said tackling supply side problems should be a top priority for the government. They said food inflation has averaged over 15% in the past two years and government should take urgent steps to shore up the supply side and cut down on wastage.

Data released by the commerce and industry ministry on Thursday showed food inflation stood at 10.6% in the week ended October 8, up from the previous week's 9.32%. It stood at 15.72% in the same year-ago period. "Even with good monsoon and crop, food inflation remains stubborn. Supply side needs attention and it is a big priority," said D K Joshi, chief economist at ratings agency Crisil.

Food inflation has remained stubborn for past several weeks and has hovered above the 9% mark, piling pressure on RBI. Overall inflation has also remained firm and moved around double digit levels despite the Reserve Bank of India's aggressive monetary policy.

Source: timesofindia.indiatimes.com

Rupee Vs Dollar Hits New 28 Month Low of 50.07

2011-10-20T22:54:00.001-07:00

The Rupee plummeted by 27 paise to a fresh 28-month low of Rs 50.07 per US dollar in early trade at the Interbank Foreign Exchange today as the American currency firmed up against its Asian rivals amid a lower opening in the domestic equity market.

Dealers attributed the rupee’s fall to a level last seen in May 2009, to the strengthening of dollar against other Asian currencies overseas and a lower opening in the equity market. They said strong demand from importers and some banks also put pressure on the rupee.

Yesterday, the domestic unit had plunged by 65 paise to close at a nearly 28-month low of Rs 49.80/81 against the American currency.

Meanwhile, the Bombay Stock Exchange benchmark Sensex was down 44.49 points or 0.26 per cent at 16,892.40 in the opening trade today.

Source: thehindubusinessline.com

M and B Switchgears IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-15T07:35:00.000-07:00

M and B Switchgears IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533644

NSE Code: MBSWITCH

Group: B

ISIN: INE899L01014

Offer Price: 186

Listing Date: Thursday, October 20, 2011

BSE Listing Price:

Listing Price: 180

High: 356

Low: 118.65

Close: 317.15

NSE Listing Price:

Listing Price: 190

High: 356

Low: 121.05

Close: 318.40

Onelife Capital IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-15T07:32:00.000-07:00

Onelife Capital IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533632

NSE Code: ONELIFECAP

Group: B

ISIN: INE912L01015

Offer Price: 110

Listing Date: Monday, October 17, 2011

BSE Listing Price:

Listing Price: 115

High: 173

Low: 114

Close: 145.90

NSE Listing Price:

Listing Price: 115

High: 174.80

Low: 110

Close: 145.95

M and B Switchgears IPO Allotment Status

2011-10-15T07:28:00.001-07:00

Check out M and B Switchgears IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.bigshareonline.com/IPO/ipostatus.aspx

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Onelife Capital IPO Allotment Status

2011-10-15T07:27:00.001-07:00

Check out Onelife Capital IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.shareproservices.com/Appstatus.asp

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Flexituff International IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-13T07:51:00.000-07:00

Flexituff International IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533638

NSE Code: FLEXITUFF

Group: B

ISIN: INE060J01017

Offer Price: 155

Listing Date: Wednesday, October 19, 2011

BSE Listing Price:

Listing Price: 155

High: 185.40

Low: 142

Close: 166.40

NSE Listing Price:

Listing Price: 156.90

High: 187.70

Low: 142

Close: 165.55

Taksheel Solutions IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-13T07:50:00.000-07:00

Taksheel Solutions IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533639

NSE Code: TAKSHEEL

Group: B

ISIN: INE889I01011

Offer Price: 150

Listing Date: Wednesday, October 19, 2011

BSE Listing Price:

Listing Price: 157.40

High: 185

Low: 38.50

Close: 55.85

NSE Listing Price:

Listing Price: 157

High: 184.30

Low: 39.10

Close: 58.15

Flexituff International IPO Allotment Status

2011-10-13T07:47:00.000-07:00

Check out Flexituff International IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.linkintime.co.in/newsite/ipoInformation.jsp

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Taksheel Solutions IPO Allotment Status

2011-10-13T07:45:00.001-07:00

Check out Taksheel Solutions IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.bigshareonline.com/IPO/ipostatus.aspx

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Tijaria Polypipes IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-13T07:44:00.000-07:00

Tijaria Polypipes IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533629

NSE Code: TIJARIA

Group: B

ISIN: INE440L01017

Offer Price: 60

Listing Date: Friday, October 14, 2011

BSE Listing Price:

Listing Price: 62

High: 67.80

Low: 16.05

Close: 18.10

NSE Listing Price:

Listing Price: 61

High: 67.75

Low: 16.50

Close: 18.60

Tijaria Polypipes IPO Allotment Status

2011-10-08T01:00:00.000-07:00

Check out Tijaria Polypipes IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.sharexindia.com/ipo.php?a=1

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

RDB Rasayans IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-10-05T00:54:00.000-07:00

RDB Rasayans IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533608

NSE Code:

Group: B

ISIN: INE123M01017

Offer Price: 79

Listing Date: Friday, October 7, 2011

BSE Listing Price:

Listing Price: 85

High: 93.15

Low: 19.80

Close: 26.50

RDB Rasayans IPO Allotment Status

2011-10-05T00:53:00.000-07:00

Check out RDB Rasayans IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.linkintime.co.in/newsite/ipoInformation.jsp

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Indo Thai Securities IPO Subscription Status

2011-10-04T02:08:00.000-07:00

Subscription Status of Indo Thai Securities IPO is given below:

IPO Opens on: 30 September 2011

IPO Closes on: 05 October 2011

Till 05 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 0.00 times

Non Institutional Investors: 0.02 times

Retail Individual Investors (RIIs): 3.35 times

Total Subscription: 1.18 times (Indo Thai Securities IPO Subscribed)

More Information:

Indo Thai Securities IPO Grey Market Premium & Kostak Rates: Click Here

Indo Thai Securities IPO Listing Date: Click Here

Prakash Constrowell IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-09-29T22:56:00.000-07:00

Prakash Constrowell IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533605

NSE Code: PRAKASHCON

Group: B

ISIN: INE023M01019

Offer Price: 138

Listing Date: Tuesday, October 4, 2011

BSE Listing Price:

Listing Price: 145

High: 245

Low: 112.50

Close: 229.50

NSE Listing Price:

Listing Price: 147.20

High: 245

Low: 112.25

Close: 230

Taksheel Solutions IPO Subscription Status

2011-09-29T22:54:00.000-07:00

Subscription Status of Taksheel Solutions IPO is given below:

IPO Opens on: 29 September 2011

IPO Closes on: 04 October 2011

Till 04 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 0.24 times

Non Institutional Investors: 4.70 times

Retail Individual Investors (RIIs): 6.18 times

Total Subscription: 2.99 times (Taksheel Solutions IPO Subscribed)

More Information:

Taksheel Solutions IPO Grey Market Premium & Kostak Rates: Click Here

Taksheel Solutions IPO Listing Date: Click Here

Flexituff International IPO Subscription Status

2011-09-29T22:53:00.000-07:00

Subscription Status of Flexituff International IPO is given below:

IPO Opens on: 29 September 2011

IPO Closes on: 05 October 2011

Till 05 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 0.51 times

Non Institutional Investors: 2.35 times

Retail Individual Investors (RIIs): 1.60 times

Total Subscription: 1.17 times (Flexituff International IPO Subscribed)

More Information:

Flexituff International IPO Grey Market Premium & Kostak Rates: Click Here

Flexituff International IPO Listing Date: Click Here

Prakash Constrowell IPO Allotment Status

2011-09-29T22:49:00.000-07:00

Check out Prakash Constrowell IPO Allotment Status: (Its Online)

Click Here

Log on to: http://www.bigshareonline.com/IPO/ipostatus.aspx

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Onelife Capital Advisors Subscription Status

2011-09-29T01:26:00.000-07:00

Subscription Status of Onelife Capital Advisors IPO is given below:

IPO Opens on: 28 September 2011

IPO Closes on: 04 October 2011

Till 04 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 1.02 times

Non Institutional Investors: 0.93 times

Retail Individual Investors (RIIs): 2.50 times

Total Subscription: 1.53 times (Onelife Capital Advisors IPO Subscribed)

More Information:

Onelife Capital Advisors IPO Grey Market Premium & Kostak Rates: Click Here

Onelife Capital Advisors IPO Listing Date: Click Here

M and B Switchgears IPO Subscription Status

2011-09-29T01:25:00.000-07:00

Subscription Status of M and B Switchgears IPO is given below:

IPO Opens on: 28 September 2011

IPO Closes on: 05 October 2011

Till 05 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 1.03 times

Non Institutional Investors: 1.56 times

Retail Individual Investors (RIIs): 2.35 times

Total Subscription: 1.57 times (M and B Switchgears IPO Subscribed)

More Information:

M and B Switchgears IPO Grey Market Premium & Kostak Rates: Click Here

M and B Switchgears IPO Listing Date: Click Here

Nifty may slide 15% from current levels: JM Financial

2011-09-26T22:58:00.002-07:00

Gautam Shah, JM Financial sees markets trading in classical downtrend. According to Shah 5,000-5,050 are important resistance levels for Nifty for the next two-four weeks.

On the back of global event, there is a possibility of Nifty falling below 4,600-4,650 levels. But this fall is expected to be gradual in nature. Thus he sees huge downside potential of 15% from the current levels.

However, if Nifty slides below 4,600 levels, then it could find long-term support at around 4,000 levels.

Read More...

Nifty May Reach 5200, If Nifty 4650 hHolds: Antique Broking

2011-09-26T22:58:00.000-07:00

Shruti Vora, technical analyst of equity and derivative group at Antique Stock Broking feels that the Nifty would need some significantly negative news flows to break the 4,675 levels, which is the yearly low of 2010.

Vora sees multiple supports coming in at around 4,650-4,700 levels for the Nifty. She told CNBC-TV18, "If the Nifty holds 4,650 levels, the market can expect an up move till about 5,100-5,200 levels at least for the short term." She also stated that if the Nifty tends to hold 4,650 levels, a bullish reversal is expected and one can play long. On the upside, 5,250 levels is a gap area resistance, before which one should book longs.

According to Vora, banking and the auto space are the strongest sectors. She suggested to go long on SBI and ICICI Bank from the banking space.

From the capital goods space, L&T would be Vora’s pick as it is closer to the 1,400 mark. The stock would rebound in case of a pullback on Nifty, she added.

Source: moneycontrol.com

4700 May Not Be The Final Low: Udayan

2011-09-26T22:57:00.001-07:00

Yesterday was a volatile session on Dalal Street. The Nifty recovered over 80 points from the day's lows, but still closed 32 points in the red. The Sensex ended 111 points lower.

Today, the global cues are good. The US markets closed near session highs. Asian markets are trading higher.

CNBC-TV18's managing editor Udayan Mukherjee says, retracement trade has played out globally. He expects the Indian markets to rebound. “There could be couple of days pullback.”

According to him, 4,700 is an important floor. However, Udayan says, it is still early to say that 4,700 is a durable and final low.

Read More...

Nifty May Bottom Out At 4600-4700: IL&FS - Vibhav Kapoor

2011-09-26T22:55:00.001-07:00

In an interview with CNBC-TV18’s Mitali Mukherjee, Vibhav Kapoor, IL&FS said, there could be more more downside pressure on the market. “It is difficult to say how much it can fall further, although I would think that some positives are developing for India,” he added.

According to him, the Nifty should get a temporary bottom somewhere around 4,600 to 4,700 and some rally there onwards.

Read More...

Brokerages Bullish on Titan, Tata Motors, CIL: Houseviews

2011-09-26T22:54:00.001-07:00

UBS maintains a buy on Titan with a target of Rs 250. The negative sentiment is due to the correction in gold prices is a good time to buy Titan. Volume growth will be better in Q3FY12 as festive season buying improves.

Citi maintains a buy on Coal India , but has cut its target to Rs 418 from Rs 430. They believe the stock price will continue to be supported by structural upsides on pricing, margins. Limited downside to revised volumes and further derating is unlikely.

Deutsche Bank maintains a buy on Tata Motors , but has cut target to Rs 175 from Rs 248. They have also reduced their FY13 EPS estimates by 36%. The reduction is primarily driven by JLR. It would be crucial for JLR to sustain current levels of cashflow to fund its scaled-up capex and R&D program in the uncertain macro environment.

RBS has upgraded Sun Pharma to buy from hold and has revised its target upwards to Rs 525 from Rs 455. The report says Sun looks structurally well positioned for growth, as 83% of its revenues are from the US and India. With USD 1 billion in cash, the company looks well poised to achieve value-accretive deals.

Bank of America Merril Lynch has downgraded Persistent System to underperform and has sharply cut down the target to Rs 310.

Source: moneycontrol.com

Rupee to Rise Around 45-46 Per Dollar by March 2012: Crisil

2011-09-26T22:52:00.001-07:00

Rating agency Crisil today said it expects the rupee to strengthen to Rs 45-46 level against dollar in the next five months on the back of pick-up in FII inflows towards early 2012.

The rupee is expected to strengthen to Rs 45-46 per dollar by March 2012, from the current lows of around 50, Crisil said in a report.The rupee in the past one month has dived from 45 level to near 50 levels against the US currency on continued FII outflows and strong dollar overseas.

Rupee closed at 49.45/46 against dollar today. The key assumption behind the expected recovery of the rupee is that developed economies will witness slowdown, but they will avoid another recession. In our opinion, this will lead to a pickup in FII inflows towards early 2012 as the risk appetite for investment in emerging markets returns, it said.

However, in a worst-case scenario, it said, a potential double dip in growth in advanced economies could have a sharper-than-expected impact on the Indian currency, causing it to slide further and prolonging its recovery.

The rupee fell to almost 50 against the dollar on September 23 from 44.4 in July 2011. The fall is almost as steep as that during the peak of Lehman crisis in 2008, it said. The rupee depreciation during the Lehman episode was characterised by a global recession and the consequent credit freeze. The current slide of the rupee is due to two factors - first, rising demand for dollars by Indian companies, in conjunction with reducing supply of dollars due to weak FII inflows, it said.

Repayment pressures on corporate India, rather than capital outflows, seem responsible for the sharp weakening of the rupee, it said.

While rising risk aversion has led to portfolio outflows from India in the past few weeks, the quantum of outflows has not been too large, it said, adding, in fact, the withdrawal of portfolio investments from India during August-September 2011 has been much lower as compared to October 2008 and January-March.

Source: moneycontrol.com

Swajas Air Charters IPO Subscription Status

2011-09-26T22:20:00.000-07:00

Note:
Book Running Lead Manager to the issue has informed the Exchange that the SWAJAS AIR CHARTERS LIMITED issue will close on Oct 5th, 2011 instead of the earlier closing day on Sep 28th 2011.Further price band has revised from 90/- to Rs100/- to Rs. 84/- to Rs. 90/- per share. Post issue modification date has been revised to 7th Oct, 2011

Subscription Status of Swajas Air Charters IPO is given below:

IPO Opens on: 26 September 2011

IPO Closes on: 05 October 2011

Till 05 October 2011, Final Subscription

Qualified Institutional Buyers (QIBs): 0.90 times

Non Institutional Investors: 2.18 times

Retail Individual Investors (RIIs): 2.69 times

Total Subscription: 1.72 times (Swajas Air Charters IPO Subscribed)

More Information:

Swajas Air Charters IPO Grey Market Premium & Kostak Rates: Click Here

Swajas Air Charters IPO Listing Date: Click Here

Indo Thai Securities IPO Dates, Price Band, Registrar, IMP Links

2011-09-26T01:28:00.000-07:00

Indo Thai Securities IPO Information:

- IPO Open: 30 September 2011
- IPO Close: 05 October 2011
- IPO Size: Rs. 33 Crore (Approx)
- IPO Face Value: Rs. 10 / Equity Shared
- IPO Price Band: Rs. 70 - Rs. 84 Per Equity Share
- Minimum Quantity: 80 Shares (Rs. 6720 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 1120 Shares (Rs. 94080 with 14 Lot)
- Maximum Quantity (2 Lakh Application): 2320 Shares (Rs. 194880 with 29 Lot)
- IPO Listing At: BSE, NSE

Company Promoters:
1. Mr. Parasmal Doshi
2. Mr. Dhanpal Doshi

Indo Thai Securities IPO Grading / Rating by CARE : IPO Grade 2/5. Means it has Below Average Fundamentals.

About Company:
INDO THAI was started in 1995 by obtaining membership of National Stock Exchange of India Limited. Since then ITSL has proved to be an emerging financial service provider and has grown by leaps and bounds. Today we are a well diversified financial services firm offering a range of products and services including various trading platforms, Mutual Funds, Depository Services and more.

Contact Information:
Registered Office : 16, 4th Floor, Dawa Bazar, R.N.T. Marg, Indore-452001 Madhya Pradesh, India
Phone: +91 -731- 2705420/22
Fax: +91 -731- 2705423
Email: ipo@indothai.co.in
Website: http://www.indothai.co.in

Book Running Lead Manager(s)
1. Corporate Strategic Allianz Ltd

Registrar of Indo Thai Securities IPO
Sharepro Services Private Limited
Phone: 91-22-6772 0300/400
Fax: 91-22-2859 1568
Email: indothai.ipo@shareproservices.com
Website: http://www.shareproservices.com

Indo Thai Securities IPO Important Links:
Draft Prospectus with SEBI

More Information:
Indo Thai Securities IPO Grey Market Premium & Kostak Rates: Click Here
Indo Thai Securities IPO Listing Date: Click Here

Onelife Capital Advisors IPO Dates, Price Band, Registrar, IMP Links

2011-09-26T01:23:00.000-07:00

Onelife Capital Advisors IPO Information:

- IPO Open: 28 September 2011
- IPO Close: 04 October 2011
- IPO Size: Rs. 36 Crore (Approx)
- IPO Face Value: Rs. 10 / Equity Shared
- IPO Price Band: Rs. 100 - Rs. 110 Per Equity Share
- Minimum Quantity: 50 Shares (Rs. 5500 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 900 Shares (Rs. 99000 with 18 Lot)
- Maximum Quantity (2 Lakh Application): 1800 Shares (Rs. 198000 with 36 Lot)
- IPO Listing At: BSE, NSE

Company Promoters:
1. Mr. Thiruvidaimarudur Krishna Prabhakar Naig
2. Mr. Pandoo Prabhakar Naig

Onelife Capital Advisors IPO Grading / Rating by CARE : IPO Grade 1/5. Means it has Poor Fundamentals.

About Company:
Onelife together is an investment group specialized in investing in companies offering high growth opportunities. Our successful investment track record demonstrates our ability to deliver value to the invested companies. A strong research and deep understanding of the financial markets coupled with focused team of professionals committed 24*7 to innovate and bring forth best strategies to create value for the business, company, stake holders in that order makes us a preferred investor partner amongst companies with a mission to grow.

Onelife Capital Advisors Ltd is a SEBI registered Category I, Merchant Banker that offers fund raising services through Indian capital markets. A team of experienced Investment Banking professionals ensures intelligent capital structures and smooth transaction processing for public offerings and private placements including Pre- IPO.

Contact Information:
Registered Office : Onelife Capital Advisors Ltd, 96-98, Mint Road, Mumbai, Maharashtra
Phone: 91 22 43333000
Fax: 91 22 43333011
Email: onlife.ipo@shareproservices.com
Website: http://www.onelifecapital.in

Book Running Lead Manager(s)
1. Atherstone Capital Markets Limited

Registrar of Onelife Capital Advisors IPO
Sharepro Services Private Limited
Phone: 91-22-6772 0300/400
Fax: 91-22-2859 1568
Email: onlife.ipo@shareproservices.com
Website: http://www.shareproservices.com

Onelife Capital Advisors IPO Important Links:
Draft Prospectus with SEBI
Red Herring Prospectus

More Information:
Onelife Capital Advisors IPO Grey Market Premium & Kostak Rates: Click Here
Onelife Capital Advisors IPO Listing Date: Click Here

PG Electroplast IPO Listing, Date, NSE Code, BSE Code, ISIN Number

2011-09-25T22:58:00.000-07:00

PG Electroplast IPO Listing Date, Price, BSE Code, NSE Code, ISIN Number & Other Details are given below:

BSE Code: 533581

NSE Code: PGEL

Group: B

ISIN: INE457L01011

Offer Price: 210

Listing Date: 26 September 2011, Monday

BSE Listing Price:

Listing Price: 200

High: 490

Low: 175.05

Close: 411.65

NSE Listing Price:

Listing Price: 215

High: 484.40

Low: 176

Close: 415.30

PG Electroplast IPO Allotment Status

2011-09-25T22:54:00.000-07:00

Check out PG Electroplast IPO Allotment Status: (Its Online)

Click Here

Log on to: http://mis.karvycomputershare.com/ipo/

Note: IPO Allotment Status will be available when ever Registrar of IPO will put on their official sites.

Flexituff International IPO Dates, Price Band, Registrar, IMP Links

2011-09-23T08:37:00.000-07:00

Flexituff International IPO Information:

- IPO Open: 29 September 2011
- IPO Close: 05 October 2011
- IPO Size: Rs. 104 Crore (Approx)
- IPO Face Value: Rs. 10 / Equity Shared
- IPO Price Band: Rs. 145 - Rs. 155 Per Equity Share
- Minimum Quantity: 40 Shares (Rs. 6200 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 640 Shares (Rs. 99200 with 16 Lot)
- Maximum Quantity (2 Lakh Application): 1280 Shares (Rs. 198400 with 35 Lot)
- IPO Listing At: BSE, NSE

Company Promoters:
1. Kalani Industries Pvt Ltd (KIPL)
2. Miscellani Global Pvt Ltd (MGPL)
3. Sanovi Trading Pvt Ltd (STPL)

Flexituff International IPO Grading / Rating by CARE : IPO Grade 3/5. Means it has Average Fundamentals.

About Company:
Flexituff International Limited is one of the very few fully integrated plants is the world. Its 100% integration permits us to deliver our products in multiple options while retaining 100% control over the manufacturing process. Needless to say, Flexituff is fully independent from the vagaries of outsourced material or workmanship.

Last minute change in specifications, add on orders can be quickly and comfortably accommodated at Flexituff. We are able to maintain full traceability of material and workmanship in our Quality Assurance systems.

Contact Information:
Registered Office : 2nd floor, Main Building, 19, R.N. Mukherjee Road, Kolkata 700 001, West Bengal
Phone: +91 33 40053995
Fax: +91 33 22312510
Email: investors@flexituff.com
Website: http://www.flexituff.com

Book Running Lead Manager(s)
1. Collins Stewart Inga Private Limited

Registrar of Flexituff International IPO
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: flexituff.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Flexituff International IPO Important Links:
Draft Prospectus with SEBI
Red Herring Prospectus

More Information:
Flexituff International IPO Grey Market Premium & Kostak Rates: Click Here
Flexituff International IPO Listing Date: Click Here

M and B Switchgears IPO Dates, Price Band, Registrar, IMP Links

2011-09-23T08:30:00.001-07:00

M and B Switchgears IPO Information:

- IPO Open: 28 September 2011
- IPO Close: 05 October 2011
- IPO Size: Rs. 93 Crore (Approx)
- IPO Face Value: Rs. 10 / Equity Shared
- IPO Price Band: Rs. 180 - Rs. 186 Per Equity Share
- Minimum Quantity: 30 Shares (Rs. 5580 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 510 Shares (Rs. 94860 with 17 Lot)
- Maximum Quantity (2 Lakh Application): 1050 Shares (Rs. 195300 with 35 Lot)
- IPO Listing At: BSE, NSE

Company Promoters:
1. Mr. Shyam Sunder Mundra
2. Mr. Vikalp Mundra
3. Mr. Anurag Mundra

M and B Switchgears IPO Grading / Rating by ICRA : IPO Grade 2/5. Means it has Below Average Fundamentals.

About Company:
M AND B Switchgears Pvt. Ltd., established in 1979 in Indore. The city which is heart of India and is the business capital of Madhya Pradesh. The city is well connected by air, rail and road.

We manufacture distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers. It has today grown to workman strength of more than 150 and targeting towards a sales turnover of Rs. 1000 million

The most modern plant spread in 1,00,000 Sq. ft. area with state of the art manufacturing and advanced machinery has increased capacity up to 25 MVA, 132 KV.
With technological competence & CPRI approval, contributing nation by supplying energy efficient and low loss distribution and power transformers to various state electricity boards.

M AND B Switchgears' dedication to quality, timely project execution and services has increased our client base which include almost all electricity boards, reputed industrial groups which include steel, power , pharma, textile, automobile etc., public sector companies like NCL, SECL, WCL, Ordanace factory & various other government utilities.

Contact Information:
Registered Office : Survey No. 211/1, Opp Sector-C and Metalman, Sanwer Road, Industrial Area, Indore 452 015 Madhya Pradesh, India
Phone: +91-731-2722388
Fax: +91-731-2721693
Email: toshiba.s@mbswitch.com
Website: http://www.mbswitch.com

Book Running Lead Manager(s)
1. D and A Financial Services Private Ltd

Registrar of M and B Switchgears IPO
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: MandB.ipo@bigshareonline.com
Website: http://www.bigshareonline.com

M and B Switchgears IPO Important Links:
Draft Prospectus with SEBI

More Information:
M and B Switchgears IPO Grey Market Premium & Kostak Rates: Click Here
M and B Switchgears IPO Listing Date: Click Here