Wednesday, June 10, 2009
Thursday, May 14, 2009
MOIL IPO price fixed at Rs 375. Upper Band.
MOIL (Manganese Ore India Limited) IPO price fixed at Rs 375 at Upper Band of range Rs 340 to Rs 375
5% discount to retail
Retail will get shares at Rs 356.25
Allotment around Dec 10
Listing around Dec 15
5% discount to retail
Retail will get shares at Rs 356.25
Allotment around Dec 10
Listing around Dec 15
Monday, April 27, 2009
Apply to IPO of Ravi Kumar Distilleries? Keynote research update.
note of the IPO of Ravi Kumar Distilleries Ltd.
Issue Highlights
Price Band
Minimum Bid Lot Size : 100 Equity Share
IPO open during
Book Running Lead Manager : Comfort Securities Pvt. Ltd.
To list on
IPO Grading
PE
Market Cap post-listing
Market Cap of Free Float : Rs73.6Cr or $16.37mn (based on the cap price)
* based on FY10 EPS.
IPO of 11.5mn equity shares of Rs10/- each, aggregating to Rs73.6Cr or $16.37mn (at the cap price).
Executive Summery
• Ravi Kumar Distilleries Ltd. (RKDL) is engaged in the business of manufacturing and trade of Indian Made Foreign Liquor (IMFL) under its own brand portfolio as well as under tie-up arrangements with other companies.
• RKDL started with initial capacity of 7,20,000 cases per annum and a bond capacity of 6300 cases of excise bonded warehouse. The company subsequently increased its installed capacity to presently at 14,25,000 cases per annum and 26000 cases of excise bonded warehouse.
• RKDL has established several brands successfully across segments and flavors thereby enjoying brand recall from customers. IMFL products under its own brand portfolio as well as under various tie-up arrangements with other Companies include Capricorn, 2 Barrels, Chevalier, Konarak, and Green Magic amongst others.
• Due to very existence in the Industry for past 10 years, RKDL has developed its brand on technical front. The company has developed state-of-the-art Quality Control and in-house R&D Department and has already developed technology in the field of manufacturing a wide range of IMFL products.
Friday, March 13, 2009
A2Z IPO -Subscribe or not? Keynote : A2Z Maintenance & Engineering Services Ltd Update
note of the IPO of A2Z Maintenance & Engineering Services Ltd.
Issue Highlights
Price Band
IPO open during
Book Running Lead Manager : IDFC Capital, DSP Merrill Lynch, Enam, ICICI, SBI Cap
To list on
IPO Grading
PE
Market Cap post-listing
Market Cap of Free Float
* Based on FY10 EPS
IPO of 21.02mn equity shares of Rs10 each, aggregating to Rs861Cr or $191mn (at the cap price) consisting of a fresh issue of 16.46mn shares (at the cap price) aggregating to Rs675Cr and an offer for sale of up to 4.56mn shares aggregating to Rs187Cr.
Executive Summery
• Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd. (AMEL) is an established EPC company provides services to the power transmission and distribution sector with a focus primarily on the distribution segment.
• The company has diversified its EPC services to power generation companies and companies in other sectors such as road and telecommunications. In addition, the company is also in other businesses such as (i) power generation from renewable energy sources; (ii) municipal solid waste management services (iii) facility management services; and (iv) developing information technology solutions for power utilities.
• The power sector in India is slowly moving from a regulated return framework to a market driven pricing mechanism. This has provided a major boost for private entrepreneurs to enter the power sector and set up projects.
• Demand for engineering, procurement and construction services in the power transmission lines and power distribution businesses is largely dependent on development, demand and new investments in the power generation, transmission and distribution sectors.
• The Planning Commission envisages a planned additional capacity of 78,700MW through investments of Rs4,951bn during the XIth five year plan period from 2007 to 2012. For solid waste management, the XIth five year plan has determined there should be 100% population coverage and it is estimated that the fund requirement for solid waste management during such plan period will be approximately Rs22,120mn.
• AMEL has established a track record for efficient project management and execution of projects in EPC and FMS business, and recently, MSW business.
• Risks include, a significant part of the business contracts is with government and public sector undertakings.
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