IPO Update

OnMobile Global IPO To Open On Jan. 24

Bangalore-based OnMobile Global, a provider of telecommunications value-added software products and services, is all set to enter the capital market through an initial public offering (IPO).

The company has decided to lift around 10,900,545 shares of Rs 10 each at a price band of Rs 425 and Rs 450 each share. The IPO opens on Jan. 24 till Jan. 29, 2008.

The shares of the company are projected to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The issue has been graded above average by CRISIL and has been allotted a grade of 4/5.

PACL To List On Bourses On Jan 14

Shares of Porwal Auto Components (PACL) is all set to list on securities market on Monday, Jan. 14, 2008, after experiencing meager response from investors’ side to its initial public offering (IPO) that subscribed 1.03 times.

The shares are proposed to be listed on the Bombay Stock Exchange (BSE). Keynote Corporate Service helped to raise Rs 375 million via the public issue.

Future Cap IPO Receives 66% Of Subscription Within First 3 Hrs

After receiving overwhelming response from investors’ side, the initial public offering (IPO) of Future Capital Holding (FCH) subscribed 66 percent in just three hours of its debut.

As against 6.42 million shares on offer, the issue received 4.25 million bids, and the price band for the issue has been fixed between Rs 700 to Rs 765 per share. The issue opened on Jan 11, will close on January 16.

UTI AMC Registers IPO Papers With SEBI

India’s oldest mutual fund house, UTI Asset Management Company has filed papers for its initial public offering (IPO) of 4,85,00,000 equity shares with the market regulator Securities and Exchange Board of India (SEBI).

The company will make entry into the capital market via IPO, which is estimated to lift around Rs 2,000 crore. Its four sponsors and the selling shareholders include State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) and Bank of Baroda (BoB).

Aries Agro Debuts At 15% Premium At BSE

Aries Agro, Mumbai-based agricultural products manufacturer, has got listed today (Jan. 11) at Rs 150 on BSE with a premium of 15.38% as against its issue price of Rs 130 per share.

Within few minutes of its listing, the company’s share price hit a high of Rs 210 on BSE.

In early trading (10.10 a.m.), the scrip has gained Rs 80 at Rs 210 on BSE.

In the meantime, on NSE, the company got listed at Rs 160 and also touched a high of Rs 228.70. More than 2.7 million shares were traded on NSE.

At 10.09 a.m, the scrip was trading at Rs 211.70, up Rs 81.70, or 62.85% on NSE.

Eclerx Services Debuts At 18% Premium On NSE

The shares of Eclerx Services Limited (ESL) got listed on Monday (31 Dec) at Rs. 370 on the NSE, at 18% premium or up by Rs. 55 from its issue price of Rs 315.

The company provides data analytics, operations management, data audits, metrics management and reporting services for financial services, retail and manufacturing industries. The company is presently employing about 1,400 people. It was promoted by PD Mundhra and Anjan Malik.

Edelweiss IPO Subscribed Over 5 Times

The Edelweiss Capital initial public offering (IPO) was subscribed over five times.

Edelweiss Capital Limited (ECL), which has entered today in capital market with its initial public offering (IPO) of 83.86 lakh equity shares of Rs. 5 each for cash. The price band has been fixed between Rs. 725 and Rs. 825. The issue will be close on November 20.

As per the NSE website, till 12 pm, the issue of 83.86 lakh shares received 4.38 crore bids. Around 19.88 thousand bids were made at cut-off price.

CRISIL has assigned a CRISIL IPO Grade`4/5` to it.

Edelweiss IPO Recives “4/5 Rating” From Crisil

Edelweiss Capital Limited (ECL) is entering the capital market with its initial public offering (IPO) of 83.86 lakh equity shares of Rs. 5 each for cash. The issue will open tomorrow and will be closed on November 20. The price band has been fixed between Rs. 725 and Rs. 825.

CRISIL assigned a CRISIL IPO Grade`4/5` to the proposed initial public offer of ECL. This grade indicates that the fundamentals of the issue are above average, relative to other listed equity securities in India.