At the lower end of the price band, the company will raise Rs 824 crore, while on the upper end it will mop up Rs 901.25 crore.

ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the issue, while HDFC Bank is the co-manager.

The objects of this IPO are proposed to be utilized to augment the company`s capital base for meeting future capital requirements, for funding of loans and for general corporate purposes.

“The IPO proceeds will help boost our capital adequacy ratio, which is 15 per cent as on November,” said chairman, MG George Muthoot at the official press meet.

Don‘t miss this IPO. Open a demat account now and avail great deals. For free demat account opening please visit: http://www.demat9.in/

The post Muthoot Finance IPO To Open On 18 April appeared first on 12 Press Release.

Highlights of IPO:
Issue Type: 100% Book Built Issue IPO
Issue Size: 156,700,000 Equity Shares of Rs. 10
Issue Price: Rs. 26 - Rs. 28 per Equity Share
Market Lot: 250 Shares
Minimum Order Quantity: 250 Shares
Listing At: BSE, NSE

PTC India Financial Services Ltd (PFS) is an Indian non-banking financial institution, a subsidiary of and promoted by PTC India Limited ("PTC"). They are engaged in providing both equity and debt financing, including short-term and long-term debt, as well as structured debt financing.

The objects of the Issue are to augment capital base to meet future capital requirements arising out of growth in business, to achieve the benefits of listing on the Stock Exchanges and public issue expenses.

Don‘t miss this IPO. Open a demat account now and avail great deals. For free demat account opening please visit: http://www.demat9.in/

The post PTC India Financial Services Ltd IPO To Open on 16 March 2011 appeared first on 12 Press Release.

The company‘s Managing Director and promoter is Surendra Kumar Tibrewala, with the Executive Director being Sanjay Tibrewala. Fineotex Chemical registered a total income of INR13.48 crore for six months ending 30 September 2010, with profit after tax for the same period being INR2.15 crore. The company‘s syndicate member is Hem Securities Limited and the book running lead manager to this IPO is Indbank Merchant Banking Services Ltd.
With this acquired capital, the company plans to establish a 13,125 MT/annum-capacity production facility at Khopoli, located in Maharashtra, for manufacturing specialty enzymes and chemicals. Other that that, the funds would be utilized for establishing sales office in Mumbai, as well as meeting public issue expenses and working capital needs, among other regular corporate requirements.

Don‘t miss this IPO. Open a demat Account now and avail great deals. For free demat account opening please visit: http://www.demat9.in/

The post Fineotex Chemical Limited Announces IPO on 23 February 2011 appeared first on 12 Press Release.

Tata Steel has set the price band at Rs 594-610 per share. The company expects to raise around Rs 3500 crore successfully through the FPO. The minimum bid lot would be 10 equity shares with a face value of Rs. 10 each. The FPO will lead to an equity dilution of 6.31%.

A large part of funds raised through the FPO would be utilized in the construction of Jamshedpur plant and payment of redemption amounts.

With a production capacity of 27.2 mtpa steel and operations in 26 countries, Tata Steel is one of the largest steel producers.

If you wish to subscribe to this issue, a demat account is mandatory. Basic documentation required to open a demat account includes a PAN card, residence proof and ID proof. For further details on demat account opening, visit http://www.demat9.in/

The post Tata Steel Announces Follow-On Public Offer On 19 January 2011 appeared first on 12 Press Release.

The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.

Punjab & Sind Bank, is proposing subject to market conditions and other considerations an initial public offering of up to 4,00,00,000 equity shares of `10 each (the "Equity Shares") for cash at a Price Band of Rs. 113 to Rs. 120 per Equity Share and through a 100% Book Building process (the "Issue"). The Issue comprises a Net Issue to the public of 3,80,00,000 Equity Shares (the "Net Issue") and a reservation of 20,00,000 Equity Shares for subscription by eligible employees (the "Employee Reservation Portion"). The Issue shall constitute 17.93% of the post-Issue share capital of the Bank. The Net Issue shall constitute 17.04% of the post-Issue share capital of the Bank.

BRLM:SBI Cap/ ENAM Sec/ ICICI Sec
Issue Period:December 13 December 16, 2010 Monday to Thursday
Issue Period (For QIB):December 13 December 15, 2010
Issue Period (For Retail & HNI):December 13 December 16, 2010
Price Band Rs. 113/- to Rs.120/-

To subscribe this IPO visit www.demat9.in.

The post Punjab & Sind Bank IPO To Be Open On 13th Dec 2010 appeared first on 12 Press Release.

Following the successful initial public offering of Coal India (IPO), manganese ore India Ltd. (MOIL) is the next state company to hit the capital market. Largest producer of flotation of manganese ore will open on 26 November. "The range of prices and the minimum bid lot will be decided by the company in consultation with stakeholders and lead managers. Private investors receive a 5% discount on the issue price," said KJ Singh, President and CEO of MOIL.

MOIL share sale is part of a government plan to sell shares of public sector units like Coal India, IOC and SAIL.

This offer will expire on November 30 for qualified institutional buyers and 1 December for retailers and non-institutional buyers.

IDBI Capital, Edelweiss Capital and JP Morgan are in charge of the MOIL IPO.

MOIL IPO offers of 3.4 crore shares, the company plans to dilute 20% in stocks, whose share of the Centre will be 10% of total capital, while Madhya Pradesh and Maharashtra to sell the participation of Governments 5 % each in the company.

To subscribe this offer open a demat account, just visit www.demat9.in.

The post Subscribe MOIL IPO on November 26 with price band at Rs 340-375 appeared first on 12 Press Release.

Mr. C B Bhave, Chairman of SEBI (Securities and Exchange Board of India), announced the increment of retail investment limit by Rs 1 Lakh in any public issue on Monday, 25th October 2010. Earlier retail investment limit in a public issue was Rs 1 Lakh which is now increased to Rs. 2 Lacs.

This increment in retail investment limit is a positive sign, as Power Grid FPO is expected to open on 9th Nov 2010 till 12th Nov 2010 with following issues of Shipping Corporation of India and Manganese Ore India Ltd (MOIL) IPO and Indian Oil IPO in January 2011.

Manganese Ore had filed draft papers for its IPO last month with SEBI. The four-day IPO of MOIL is likely to begin on November 26. Edelweiss Capital, IDBI Capital and JP Morgan are the book running lead managers to the issue, sources said.

Currently, the Central Government holds 81.57% in MOIL, while Maharashtra and Madhya Pradesh have 9.62% and 8.81% stake, the Central Government is expected to dilute 10% while state governments are expected to dilute 5% each.

If you wish to subscribe to this issue, a demat account is mandatory. Basic documentation required to open a demat account includes a PAN card, residence proof and ID proof. For further details on opening a demat account, visit http://www.demat9.in/

The post Manganese Ore India Ltd (MOIL) IPO Expected In November 2010 appeared first on 12 Press Release.

The Coal India Issue received 17.5 lakh retail applications. This is about 10% of the total number of demat account holders in the country. The retail portion of the issue was oversubscribed 2.3 times, where against the 20 crore shares on offer, the company received bids for 458 crore shares.

More than 2,000 ASBA accounts were opened with Bank of India for the Coal India IPO, said a bank official.

Upcoming IPOs & FPOs in November 2010 may be good options for first time investors as SEBI has recently increased the retail investment limit in IPOs and FPOs. Upcoming FPOs & IPOs - Power Grid Corporation‘s FPO is on 9th Nov 2010 and will be available till 11th Nov 2010 , The IPO of MOIL (Manganese Ore India Ltd) is also expected in November (exact date yet to be announced)

To open a Demat Account for the upcoming IPO s please visit http://www.demat9.in/

The post New Demat Account Opening For The Upcoming IPO Of MOIL And FPO Of Power Grid Corporation appeared first on 12 Press Release.

Coal India IPO is being considered as the biggest IPO of India so far and indeed is a good opportunity to invest in the Indian Stock Market. If you wish to invest but don‘t know anything about share trading or IPO , don‘t be worried. All you need is a demat account with any DP(Depositary Participant) in India to apply for the Coal India IPO.

Demat account opening is very simple and requires just a few documents including a copy of your PAN card, Identity and Residential proof and a passport size photograph.

Opening a demat account not only enables you to apply for the Coal India IPO, the biggest public offering so far, it also enables you to do share trading and invest in different listed stocks. DP‘s charge a nominal amount as brokerage for each trading transaction.

Coal India IPO has been observed as a good investment option and recommended by many trade gurus.

For free demat account opening, just visit http://www.demat9.in/

The post Free Demat Account Opening To Invest In Coal India IPO appeared first on 12 Press Release.