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Old IPO - Closed Issues

Further public offering (FPO) is when an already listed company makes either a fresh issue of securities to the public or an offer for sale to the public, through an offer document.
Company Name Issue Open Issue Close Offer Price Apply Description
Midfield Industries Ltd 19-Jul-10 21-Jul-10 126 - 133 No Midfield Industries Ltd is one of the organized players in packaging industry. It provides packaging consumables like high tensile steel strapping in various dimensions and strengths, Seals for different applications, Collated Nails & Corner boards being used for general and the end of line packaging of goods by varied industries.

More IPO details...

Issue price is too high. Simply Avoid.
Fatpipe Networks India Ltd 07-Jun-10 09-Jun-10 82 - 85 No Fatpipe Networks India Ltd. (FNIL) was incorporated as Fatpipe Networks India Pvt. Ltd. in December 2002. FNIL is a provider of router clustering products for wide area network (WAN) optimization, reliability, security, and bandwidth management applications. Its products enable high-speed data transfer through multiple lines and other WANs with the re-assembly of data streams.

IPO is very steeply priced.
SJVN Ltd 29-Apr-10 03-May-10 23 - 26 Yes SJVN Ltd. (SJVNL) is a hydroelectric power generation company established as a joint venture (JV) between the Centre and the Himachal Pradesh government. The Centre holds 75% stake in the JV, while the rest is owned by the state government.

5% discount to Retail investor

Expect listing gains of around 10 to 15%
Jaypee Infratech Ltd 29-Apr-10 04-May-10 102 - 117 Yes Jaypee Infratech Ltd. (JIL) has the Concession Agreement from the Yamuna Expressway Industrial Development Authority (YEA) to develop, operate and maintain the Yamuna Expressway which also provides for the right to develop 25 million square metres of land along the Expressway at five locations for residential, commercial, amusement, industrial and institutional purposes.

5% discount to Retail Investors

Good business group to put money on. IPO price is also good enough for minor listing gains.
Tara Health Foods Ltd 28-Apr-10 30-Apr-10 180 - 190 No Tara Health Foods Ltd is engaged in the business of manufacture of cattle/poultry feed, refining and blending of edible oil, and solvent extraction. Cattle feed contributes about 60% of total revenue , and refined edible oils the rest 40%.

Issue price is too expensive - One can ignore this IPO

IPO withdrawn
Mandhana Industries Ltd. 27-Apr-10 29-Apr-10 120 - 130 No Mandhana Industries Ltd (MIL) is vertically integrated textile and garment manufacturing company in India having presence across operations ranging from yarn dyeing to garment manufacturing. MIL business includes designing, yarn dyeing, weaving, processing, dyeing and garment manufacturing.

Mandhana IPO is good but the issue price is quite high. Does not leave much scope for investor
Tarapur Transformers Ltd 26-Apr-10 28-Apr-10 65 - 75 No Tarapur Transformers Limited is engaged in the repairs, upgradation and manufacturing of power and distribution transformers. It manufactures transformers up to 220 Kilo Volt (KV) class, having an installed capacity of manufacturing of 1,839.40 Mega Volt Ampere (MVA) & repairing of 1,800 MVA per annum.

Issue price is too expensive.
Nitesh Estates Ltd 23-Apr-10 27-Apr-10 54 - 56 No Nitesh Estates Ltd. (NEL) is in the business of real estate development, primarily residential projects in Bengaluru. Recently, NEL has ventured into the mid-income housing, retail and commercial segments and has invested in a hotel project.

Issue price is too expensive - Simply avoid - Operators could drive this
Talwalkars Better Value Fitness Ltd 21-Apr-10 23-Apr-10 123 - 128 No Talwalkars is one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling. Presently, company operates 58 health clubs in 28 cities belonging to 12 states of the country serving over 55,000 members.

I would rather join their gym keep me and my money fit.
Intrasoft Technologies Limited 23-Mar-10 26-Mar-10 137 - 145 No Intrasoft Technologies Ltd (ITL) is in the business of providing E-greeting cards, development of associated digital content & online marketing. The company provides E-greeting card services through website, www.123greetings.com, which is the largest electronic greeting cards website in India.

Issue is very highly priced. I would rather send a "Thank You" card to them.
Goenka Diamond & Jewels Limited 23-Mar-10 26-Mar-10 135 - 145 No Goenka Diamond and Jewels Limited (GDJL) is into cutting and polishing rough diamonds, and manufacturing and retailing jewellery. Its product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold.

IPO pricing is too expensive. One can ignore this issue.
Shree Ganesh Jewellery House Limited 19-Mar-10 23-Mar-10 260 - 270 Yes Shree Ganesh Jewellery House Ltd (SGJHL) is engaged in trading and manufacturing & export of gold & gemstone and diamond studded jewellery. SGJHL is one of the largest manufacturers and exporters of handcrafted gold jewellery in India.

Issues price is attractive for both listing and short term gain. Yes, One can apply in this IPO.
Persistent Systems Ltd 17-Mar-10 19-Mar-10 290 - 310 Yes Persistent Systems Ltd (PSL) is a technology company that specializes in outsourced software product development. It delivers services across the value chain of product development i.e. product conceptualization, design, development, testing and support.

This is one IPO that you do not want to miss for listing, short term or long term gains.
Pradip Overseas Ltd 11-Mar-10 15-Mar-10 100 - 110 Yes Pradip Overseas is into textile manufacturing with niche focus on home linen products. POL processes grey fabric and manufactures home textile made ups like beds-sheets, curtains, comforters, quilts (poly/cotton filled), duvet covers, pillow covers and mattress covers.

IPO is well priced and is expect to give both listing and short to medium term gains.
IL&FS Transportation Networks Ltd 11-Mar-10 15-Mar-10 242 - 258 Yes IL&FS Transportation Networks Ltd. (ITNL) is an established surface transportation infrastructure company, and is one of the largest private sector BOT (Build Operate Transfer) road operators in India. ITNL has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

Excellent company for both listing and holding. One Must apply in this IPO.
Thangamayil Jewellery Limited 27-Jan-10 29-Jan-10 70 - 75 Yes Thangamayil Jewellery Ltd (TJL) is a Madurai based retail jewellery chain trading mainly in gold jewellery, diamond, platinum and silver jewellery. Post this IPO, TJL will open 7 more stores.

Expect around 10 - 15% listing gains and as well as it is a good investment for short to medium term period
Syncom Healthcare Limited 27-Jan-10 29-Jan-10 65 - 75 Yes Syncom Healthcare Ltd. (SHL) was incorporated in 2002 for manufacturing and marketing of pharmaceuticals formulations in Ethical, OTC, Generic and Herbal market segment. SHL is into marketing of the pharmaceuticals products manufactured by others under its own brand of SYNCOM. SHL also has manufacturing unit at Dehradun in Uttarakhand. It also undertakes contract manufacturing for large variety of pharmaceutical formulations.

It is an average IPO and can give some listing gains.
Vascon Engineers Limited 27-Jan-10 29-Jan-10 165 - 185 No Vascon Engineers Limited (VEL), incorporated in 1986, is an engineering, procurement and construction (EPC) service and real estate development company. VEL’s real estate business comprises construction of residential and office complexes along with IT parks, industrial units, shopping malls, multiplexes, educational institutions and hotels.

IPO is priced very steeply compared to its peers.
Aqua Logistics Limited 25-Jan-10 02-Feb-10 200 - 225 No Aqua Logistics is third party logistic service provider delivering end to end solutions in the logistic and supply chain domain, which include Multimodal Transportation, Contract Logistics, Regulatory Compliance, Warehousing, Valued added Services and Project Logistics.

Valuation is too expensive compared to its listed peers. One can safely avoid this IPO irrespective of Rs 5 discount to retail investor or the Grey market premium

IPO Date and price revised. Definitely do not apply
Jubilant Foodworks Limited 18-Jan-10 20-Jan-10 135 - 145 No Jubilant Foodworks Limited (JFL) was initially incorporated as Domino’s Pizza India Pvt. Ltd. in March 1995.

JFL’s established market presence with strong brand and expanding network will lead to higher revenue growth as well as accretion to shareholder wealth in the medium term.

Having said that, IPO is very steeply priced. One should avoid this IPO.
Infinite Computer Solutions India Ltd 11-Jan-10 13-Jan-10 155 - 165 Yes Infinite Computer Solutions (India) Ltd (ICSL) is a global provider of IT services, Infrastructure Management Services and Intellectual Property Leveraged Solutions. ICSL is reasonably priced from a valuation perspective. Expect 10% to 15% listing gains.
Birla Shloka Edutech Ltd 11-Jan-10 13-Jan-10 45 - 50 No Birla Shloka Edutech Ltd, a Yash Birla Group company, provides end to end solutions in sales and services of various educational products to various educational institutes and government organizations. FPO price is very expensive compared to its peers. One should just ignore this issue.
D B Corp Ltd 11-Dec-09 15-Dec-09 185 - 212 No D B Corp Ltd. (DBC) is one of the leading print media companies in India, publishing 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) in 11 states in India. DBC also operate 17 FM radio stations in different cities.

IPO issue price is too expensive compared to its already listed peers and can avoid it.
Godrej Properties Ltd 09-Dec-09 11-Dec-09 490 - 530 No Godrej Properties Ltd. (GPL) business focuses on residential, commercial and township developments. Currently, the company has real estate development projects in 10 cities in India which are at various stages of development.

IPO price is too expensive and can simply avoid it.
JSW Energy Ltd 07-Dec-09 09-Dec-09 110 - 115 Yes JSW Energy Ltd (JSWEL) is the first Independent Power Producer in Karnataka. The company is presently operating 995 MW of power capacity and 2,655 MW of generating capacity is in the construction or implementation phase. The company is also engaged in power trading activities.

JSWEL is offering Rs 5 discount to retail investor. Compared to all the Power IPOs listed earlier in this year, JSWEL will give good and quick returns.

Expect 10% listing gains.
MBL Infrastructures Ltd. 27-Nov-09 01-Dec-09 165 - 180 No MBL Infrastructures Ltd. (MBL) is engaged in the construction and maintenance of roads & highways, industrial infrastructure projects and other civil engineering projects. MBL is also engaged in steel trading and waste management (ferrous scrap and slag recycling).

MBL IPO is fundamentally weak and overly priced. It may not even give listing gains.
Cox and Kings India Limited 18-Nov-09 20-Nov-09 316 - 330 Yes Cox & Kings India Ltd is one of the India’s largest tour and travel operators. C&K design travel packages for both individuals and groups for their domestic and international travel. Its business can be broadly categorised into Leisure Travel, Corporate Travel, Forex and Visa Processing. It provides end to end travel solutions including land, air and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport, medical insurance assistance and such other destination management services.

Company is fairly priced and one can go for both listing gains (10% to 15%) or medium to long term gains 25% to 30%)
Indiabulls Power Limited 12-Oct-09 15-Oct-09 40 - 45 No India Bulls Power (IBPL), a subsidiary of India Bulls Real Estate is into development, construction and operation of power projects. IBPL has five thermal power projects under construction. IBPL neither has any prior experience in the power generation nor in power construction. Also the price of the IPO is too high compared to other recent IPOs. Definitely Avoid.
Thinksoft Global Services Ltd. 22-Sep-09 24-Sep-09 120 - 130 No Thinksoft Global Services Limited (TGSL) is a Banking, Financial Services and Insurance (‘BFSI’) focused software testing company that has operations in Europe, Middle East, Australia and United States. It is a small cap IT company seeking the price of mid cap company. Not worth your time & money.
Euro Multivision Ltd 22-Sep-09 24-Sep-09 70 - 75 No Euro Multivision Limited (EML) is India’s second largest manufacturer of CD’s and DVD's. EML is a part of the Euro Group and had launched Euro Ceramics IPO earlier and is well below its issue price. EML pricing is also too expensive.
Pipavav Shipyard Limited 16-Sep-09 18-Sep-09 55 - 60 Yes Pipavav Shipyard Ltd is in the business of ship construction and repairs for a range of vessels of different sizes and types. PSL also does the fabrication and construction of offshore platforms, rigs, jackets and vessel for oil and gas companies. Issue is very well priced both for listing and long term gains.
Oil India Limited 07-Sep-09 11-Sep-09 950-1050 No Oil India Limited is a Mini-Ratna public sector undertaking (PSU) of the Government of India. OIL is primarily engaged in the exploration, development, production and transportation of crude oil and natural gas in India. OIL also processes natural gas to extract LPG. Issue price is too stretched and one should avoid this IPO based on the recent listing of Adani Power and NHPC.
Globus Spirits Ltd. 31-Aug-09 02-Sep-09 90 - 100 No Globus Spirits Limited (GSL) is in the business of manufacturing, sale and marketing of Indian Made Foreign Liquor (IMFL), Industrial Alcohol [comprising Rectified Spirit (RS), and Extra Neutral Alcohol (ENA)] and Country Liquor (CL). GSL is operating mainly in Rajasthan, Delhi, Chandigarh and Haryana.
Jindal Cotex Ltd 27-Aug-09 01-Sep-09 70 - 75 No Jindal Cotex Ltd. (JCL) is in the business of manufacturing of acrylic, polyester, polyester-viscose, polyester cotton, combed and carded yarns, which are used for made ups in apparels, hosiery. Just ignore this IPO as if it never came.
NHPC Limited 07-Aug-09 12-Aug-09 30 - 36 Yes National Hydroelectric Power Corporation Ltd promoted by Government of India , is the largest hydro electric power developer in the country. NHPC will develop hydroelectric and renewable power projects. One Must apply this IPO for both listing and long term gains.
Adani Power Limited 28-Jul-09 31-Jul-09 90 - 100 Yes Adani Power Ltd is part of the Adani Group. It has four thermal power projects under various stages of development, with a combined installed capacity of 6,600 MW and two under planning for 3300 MW. Good investment for both listing gains and long term. Must apply.
Raj Oil Mills Limited 20-Jul-09 23-Jul-09 100 - 120 No Raj Oil Mills Ltd. is in the business of trading, manufacturing and processing of edible oils. Not very Lucrative in terms of pricing and one can find better listed companies in the same group.
Excel Infoways Limited 14-Jul-09 17-Jul-09 80 - 85 No EIL is a BPO & Customer Contact Center based in India providing Voice Based Services in the areas of Collections, Telemarketing and Customer Care. It offers various range of customer care services including outbound sales and marketing, voice, email response, real-time chat, knowledge management, eCRM architecture. Too expensive - Just ignore this one
Mahindra Holidays & Resorts India Ltd. 23-Jun-09 26-Jun-09 275 - 325 No Mahindra Holidays & Resorts India provides family holidays primarily through vacation ownership memberships. Public Issue is too expensive and overvalued. Avoid this IPO.
Edserv Softsystems Ltd 05-Feb-09 09-Feb-09 55 - 60 No Edserv Softsystems, an e-learning company will provide niche training solutions, customised software solutions and placement consulting to Corporate and Institutional clients. There are no fundamentals in this IPO to even think about it. Having said that, beware of Market Operators manipulating its listing.
Gemini Engi-Fab Limited 03-Feb-09 06-Feb-09 75 - 80 No !!! Cancelled !!! GEFL is a manufacturer of various industrial fabrication related products including Heat Exchanger, Reactors, Towers, Columns, Distillation / Fractionating Columns / Towers, Mixing Tanks, Fluid Bed Dryers etc. There is just nothing interesting about it.
Alkali Metals Ltd 07-Oct-08 15-Oct-08 86 - 103 No Alkali Metals Limited is into manufacturing of sodium derivates, pyridine derivates and fine chemicals. Issue price is too aggressive even for the lower band. One can safely ignore this issue.
Chemcel Biotech Limited 09-Sep-08 12-Sep-08 16 No Chemcel Biotech Ltd. is in the business of manufacturing agro chemicals comprising of insecticides, fungicides and plant growth promoters. CBL plans to set-up bio-diesel manufacturing unit. It has no fundamentals and is probably yet another operator game.
20 Microns Limited 08-Sep-08 11-Sep-08 50 - 55 No 20 Microns Limited is in the business of manufacturing white minerals used in making innovative products in the fields of functional filler and extenders from four plants in different regions of India. Too expensive to even think of.
Resurgere Mines & Minerals India Limited 11-Aug-08 13-Aug-08 263 - 272 No Resurgere Mines & Minerals India Limited is engaged in the business of extraction, processing and sale of mineral products and exploration and development of mining assets. Too expensive and rather would suggest to invest in Sesa Goa or Faccor Alloys.
Austral Coke & Projects Limited 07-Aug-08 13-Aug-08 164 - 196 No ACPL is engaged in the manufacturing and sale of low ash metallurgical coke (LME coke) and refractory. It also deals in trading of textiles and rentals of construction and earthmoving machineries. There are better opportunities in the secondary market.
Nu Tek India Limited 29-Jul-08 01-Aug-08 170 - 192 Yes Nu Tek India Limited offers services to telecommunication equipment manufacturers and telecom operators in installing and maintaining telecom network equipment & infrastructure. Well priced and should give both listing and medium to long term gains.
Vishal Information Technologies Limited 21-Jul-08 24-Jul-08 140 - 150 No Vishal Information Technologies Limited provides end-to-end integrated project management services for format conversion, online journals/e-books/database etc. They also create digital library for visually impaired and blind. Issue is expensive.
Birla Cotsyn India Limited 30-Jun-08 09-Jul-08 12 - 14 Yes Birla Cotsyn India Limited is currently engaged in the production of cotton ginning, pressing and oil expelling in plants located in Khamgaon, Ghatanji and Dhulia. Its part of Yash Birla group and could be a good investment for both short and long term.
Somi Conveyor Beltings Limited 24-Jun-08 27-Jun-08 35 Yes Somi Conveyor Beltings Limited is in the business of manufacturing of Rubber Conveyor Belts of various sizes. SCBL is a mid-cap that would double its production in Aug/Sep, 08 and is well priced. SCBL should give good returns in medium term.
KSK Energy Ventures Limited 23-Jun-08 25-Jun-08 240 - 255 No KSK Energy Ventures Limited is engaged in power project development in India, with experience in developing and operating power plants. Issue price seems to be expensive and is definitely not suited in the midst of bloodbath in the secondary market.
Lotus Eye Care Hospital Limited 12-Jun-08 20-Jun-08 36 - 38 No Lotus Eye Care Hospital has 4 eye care hospitals in South India with 120 beds, 9 operation theatres and 3 lasik laser equipments. They intend to build 4 more hospitals. Issue is too overly priced. For charity, one can invest here for long term.
Archidply Industries Limited 11-Jun-08 17-Jun-08 70 - 80 Yes Archidply Industries Limited is engaged in manufacturing of comprehensive engineered wood panel products & decorative surfacing products. They intend to setup another factory. Good fundamentals and strong financial results suggest applying to this issue.
Avon Weighing Systems Limited 09-Jun-08 12-Jun-08 10 Yes Avon Weighing Systems Limited is engaged in the business of selling high resolutions platform scales, ultra low profile platform scales, weighbridges and auto-vibrator feeder system. Small Cap company’s book value is 20 and is available @ par value.
Sejal Architectural Glass Limited 09-Jun-08 12-Jun-08 105 - 115 No Sejal Architectural Glass Limited is in the business of processing glass. SAGL proposes to set up a new manufacturing facility for float glass. Issue price is too high. I will invest in the secondary market directly after the crash in next week.
First Winner Industries Limited 09-Jun-08 17-Jun-08 115 - 125 No First Winner Industries Limited is mainly into trading activities, supplying textile fabrics to wholesalers and apparel & garment manufacturers. We would not even suggest to invest in this sector – Simply forget about this issue. It’s too expensive.
Bafna Pharmaceuticals Limited 27-May-08 30-May-08 40 No Bafna Pharmaceuticals Limited is into the manufacturing of pharmaceutical formulations of Betalactum and Non Betalactum products in tablets, capsules and syrup forms. Expensive but could be an opportunity like Burnpur Cement. I will avoid.
Niraj Cement Structurals 26-May-08 30-May-08 175 - 190 No Niraj Cement Structurals Limited is an engineering & construction company focusing on road segment. It’s a small company with limited scope in business. Quite highly priced and it will be better to avoid this issue.
Anu's Laboratories Limited 12-May-08 15-May-08 200 - 210 No Anu’s Laboratories Limited is engaged in the manufacturing of basic and advanced intermediates and fine chemicals. Issue price is too expensive compared to its peers. There are far better opportunities in the secondary market.
Gokul Refoils and Solvent Ltd 08-May-08 13-May-08 175 - 195 No GRSL is engaged in seed processing and solvent extraction, refining edible oils and vanaspati manufacturing. GRSL has four manufacturing units located within the state of Gujarat. Do not see any major listing gains or short or long term gain from it.
Aishwarya Telecom Limited 15-Apr-08 17-Apr-08 32 - 35 Yes Aishwarya Telecom Limited manufactures products for telephone service providers, defense sector, railways, telecom equipment manufacturing companies and cable TV operators. This is small IPO but definitely poised for listing gains.
Kiri Dyes & Chemicals Limited 25-Mar-08 02-Apr-08 125 - 150 No Kiri Dyes and Chemicals Limited is into manufacturing of Dyestuff. Issue price is very much overvalued and it is a sure recipe for disaster. Take a break and apply in Titagarh Wagons IPO.
Titagarh Wagons Limited 24-Mar-08 27-Mar-08 540 - 610 Yes Titagarh Wagons Limited is a private sector manufacturer of railways wagons, bailey bridges, heavy earth moving and mining equipments. Issue is perfectly priced for a fundamentally strong company. Just Go for it irrespective of how the market is.
Sita Shree Food Products 11-Mar-08 14-Mar-08 27 - 30 No Sita Shree Food products Limited, a wheat and pulses processor is a supplier of products to major players in retail industry such as Pantaloon Retail and Reliance Retail. There is nothing positive about this issue. Ignore this and sit on cash.
Gammon Infrastructure Projects 10-Mar-08 13-Mar-08 167 - 200 No GIPL has investment in various infrastructure related projects such as Roads, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones etc. There are many better stocks available in the secondary market with attractive valuations.
Rural Electrification Corporation 19-Feb-08 22-Feb-08 90 - 105 Yes REC is a public financial institution, engaged in the financing and promotion of transmission, distribution and generation projects throughout India. It is conservatively priced and should give good listing and long term gains.
V-Guard Industries Ltd 18-Feb-08 21-Feb-08 80 - 85 No V-Guard Industries is into manufacturing and marketing of Electronic Voltage Stabilisers, Cables, Pumps and various other electrical items. Keeping in mind the current situation of Indian Stock Market, I would avoid this issue.
GSS America Infotech Ltd 11-Feb-08 15-Feb-08 400 - 440 No GSS America Infotech is offering I.T. Solutions in e-business, I.T. Consulting, I.T. Infrastructure Management Services and Enterprise Integration Application. The issue price is quite high compared to its performance and peers.
Globus Spirits Limited 07-Feb-08 12-Feb-08 140 - 160 No Global Spirits Limited owns two distilleries. The issue is expected to raise capital to expand and build new Distillation Plants. Nothing seems to be positive in this issue. Better to ignore this as well.
SVEC Construction Limited 04-Feb-08 13-Feb-08 Cancelled No SVEC Constructions Limited is yet another construction company that carries on all types of civil, electrical and mechanical works. Issue price is quite high and I would skip this issue.
Tulsi Extrusions Limited 01-Feb-08 05-Feb-08 80 - 85 No TEL is in the business of manufacturing and trading of various types of PVC pipes and their fittings. The issue price is too high and cannot be justified in comparison to its peers. Also in the current market, there are far many better opportunities.
Emaar MGF 01-Feb-08 11-Feb-08 Cancelled No EMAAR MGF is just another Construction IPO. Lowers its price from 610 – 690. I will prefer available companies like DLF or Unitech directly from the secondary market than this one due to its steep price. Do not follow the Grey market premiums.
Manjushree Extrusions Ltd 31-Jan-08 06-Feb-08 45 Yes Manjushree Extrusions is already listed company on Calcutta, Gauhati and Ahmedabad exchanges but are not traded. Post issue, it would also list on Mumbai Stock Exchange. It is at a good price and one can invest for medium to long term view.
Wockhardt Hospital Limited 31-Jan-08 07-Feb-08 Cancelled No Wockhardt Hospital has lowered its Price Band from 280 - 310. It plans to build another 17 hospitals. It is now aptly priced and hence does not leave much upside. Keeping in mind the current market situation, I would avoid this IPO.
IRB Infrastructure Developers 31-Jan-08 05-Feb-08 185 - 220 No IRB Infrastructure Developers is into construction, development and operation of 12 BOT roads and highway project and all of them are toll based. The issue price is too expensive and the current market situation is definitely not right for this price.
Shriram EPC Limited 29-Jan-08 01-Feb-08 290 - 330 No Shriram EPC is into providing turnkey engineering solutions for biomass-based power plants, bio-ethanol production plants, process and metallurgy plants. Financial performance is not good with huge debts and liabilities. Also issue price is quite high.
Bang Overseas Ltd 28-Jan-08 31-Jan-08 200 - 207 No Bang Overseas is a provider of fashion fabrics and ready-to-wear requirements in apparel, textile and retail segment. Keeping in the mind the current stock market volatility and the steep issue price, I will avoid this issue.
OnMobile Global Ltd 24-Jan-08 29-Jan-08 425 - 450 No Onmobile is one of the leading providers of telecommunications value added services and products with an expanding international presence. It is very steeply priced and would prefer buying Tanla Solutions.
KNR Constructions Ltd 24-Jan-08 29-Jan-08 170 - 180 No KNR Construction designs, engineers, constructs and maintains roads. The company diversified into construction of irrigation and urban water supply projects. It is very steeply priced.
Cords Cable Industries Ltd 21-Jan-08 24-Jan-08 125 - 135 No CCIL manufactures cables upto 1.1 KV for segments like industrial, utility and buildings. Issue price is quite high and there are better companies like Torrent Power available in the secondary market. I will not apply in this issue.
J Kumar Infraprojects Ltd 18-Jan-08 23-Jan-08 110 - 120 No JKIL is a civil engineering and infrastructure development company working into Roads, flyovers and bridges, civil construction, Airport runway, Piling and Irrigation projects. A very small player and will be better to go for existing stocks.
Reliance Power Ltd 15-Jan-08 18-Jan-08 405 - 450 Yes Reliance Power is part of the Reliance ADAG and was established to develop, construct and operate power projects domestically and internationally. Must apply for listing and long term gains. Retail investors should utilize the part payment method.
Future Capital Holdings Ltd 11-Jan-08 16-Jan-08 700 - 765 Yes Future Capital Holdings is into Investment Advisory Services, Retail Financial Services and Research. It is reasonably priced. Management strategy is good. One should apply for listing gains as well as for long term.
Porwal Auto Components 17-Dec-07 20-Dec-07 68 - 75 No Porwal Auto Components plans to increase their production capacity with the IPO money. I could not find anything good about this company to write about. I will simply ignore this issue.
Manaksia Limited 17-Dec-07 19-Dec-07 140 - 160 Yes Manaksia Limited is into metal products, packaging products, mosquito coils, engineering & other goods. It is well managed, diversified products and multi-location consistently performing company. It should give good listing and medium to long term gains.
Precision Pipes 17-Dec-07 20-Dec-07 140 - 150 Yes Precision Pipes is OEM supplier to automobile industry and is into manufacturing automobile sealing systems and some other exterior products. Well managed and financially good company. It should give both listing and long term gains.
Aries Agro Limited 14-Dec-07 19-Dec-07 120 - 130 No Aries Agro – 35 years old company is into manufacturing of micronutrients and other nutritional products. The issue is very steeply priced and does not leave much for small investors. There are definitely better opportunities in the secondary market.
Brigade Enterprises Ltd 10-Dec-07 13-Dec-07 351 - 390 No BEL, a Bangalore based company operates across various domains in the real estate sector in South India. Compared to its existing peers it seems to be expensive. It may give minor listing gains. I would prefer buying DLF from the market.
Transformers & Rectifiers India Ltd 07-Dec-07 12-Dec-07 425 - 465 Yes Transformers & Rectifiers India Ltd manufacturers a wide range of transformers. The issue is almost fully priced and hence may give minor listing gains only. But it is definitely a good medium to long term investment.
BGR Energy Systems Limited 05-Dec-07 12-Dec-07 425 - 480 No BGR Energy Systems carries on business in two segments, the supply of systems and equipment & turnkey engineering project contracting. Its prospect is good with better margin. But the issue price makes it very expensive. May be post listing.
eClerx Services Ltd 04-Dec-07 07-Dec-07 270 - 315 No eCLERX Services is a small cap IT service company that provides different types of data analytics and reporting services to the financial services, retail and manufacturing industries. It is expensive and do not see even much of listing gains.
Burnpur Cement Limited 28-Nov-07 03-Dec-07 12 No Burnpur Cements Limited is cement grinding underutilized loss making company which is installing a cement plant to recover their losses. It is a tiny and almost insignificant player. Issue is very expensive and definitely not worth it.
Jyothy Laboratories Limited 22-Nov-07 27-Nov-07 620 - 690 No Jyothy Laboratories is a FMCG company whose 5 venture capitalists are selling their stakes and moving out completely. If those Big fellas are moving out then why would I get into this? No Thanks for now!
Kaushalya Infrastructure Development Corp 20-Nov-07 23-Nov-07 50 - 60 No KIDCO is engaged in construction and maintenance of roads, highways and bridges, erection of transmission lines, electrification projects, as well as commercial and residential complexes. It is a small player in reality space and I would avoid this one.
Kolte-Patil Developers Limited 19-Nov-07 22-Nov-07 125 - 145 Yes Kolte Patil Developers Limited is in real estate development that develops and constructs properties mainly in Pune and some in Bangalore. Its issue price is reasonable. One can subscribe with short to long term view for both listing and long term gains.
Renaissance Jewellery Limited 19-Nov-07 21-Nov-07 125 - 150 No RJL is in the business of manufacture and sale of studded gold, platinum and silver jewellery. This is another export business which has been struck hard due to Re appreciation. And there are better opportunities in the secondary market.
Edelweiss Capital 15-Nov-07 20-Nov-07 725 - 825 Yes ECL is a well known diversified financial services company. We are expecting huge subscriptions to this issue resulting in poor allotment ratio and definitely good listing gains.
Empee Distilleries Ltd 01-Nov-07 06-Nov-07 350 - 400 Yes Empee Distilleries Ltd is one of the leading suppliers of Indian Made Foreign Liquor (IMFL) to the Tamil Nadu State Government. If you have no issue for a wine stock, this could definitely give you good listing gains.
Mundra Port & SEZ Ltd 01-Nov-07 07-Nov-07 400 - 440 Yes Mundra Port and SEZ is the developer and operator of Mundra Port. This big port is already operational. It is an awesome opportunity to atleast double your money in the short term and should also give great returns in the long term.
Religare Enterprises Ltd. 29-Oct-07 01-Nov-07 160 - 185 Yes Religare, a Ranbaxy promoter group company, is one of the leading integrated financial services institutions of India. The issue is very attractively priced. One can apply for listing gains as well as for short term.
Barak Valley Cements Ltd 29-Oct-07 01-Nov-07 37 - 42 No Barak Valley Cements Ltd is a mediocre cement company which is posting profits largely due to various exemptions and benefits. It is now expanding its capacity. I would prefer cement companies from the secondary market over this.
Varun Industries Ltd 25-Oct-07 31-Oct-07 60 Yes Varun Industries Ltd is in trading of the stainless steel kitchenware and houseware items segment. It is India’s largest exporter. The issue is fairly priced. It leaves enough scope for both short and medium term investors.
SVPCL Limited 22-Oct-07 26-Oct-07 40 - 45 No SVPCL Limited is in the business of paper manufacturing and providing printing services. It has manufacturing facilities at Hyderabad, Vijayawada and Visakhapatnam with capacity of 19,500 MT. The issue is fully priced and does leave much scope.
Allied Computers International (Asia) Ltd 19-Oct-07 23-Oct-07 12 No ACIL is engaged in the business of assembling and marketing of laptop computers and software development. It is a small issue with negative cash flows and some very big competitors. Better to avoid this issue.
Rathi Bars Ltd 18-Oct-07 23-Oct-07 35 No RBL is engaged in the business of manufacturing steel bars which is used in the construction of multistoried buildings, dams, bridges, flyovers and power plants as a basic reinforcement material. There is not much upside left in this issue.
Maytas Infra Limited 27-Sep-07 04-Oct-07 320 - 370 No MIL is a sister concern of Satyam Computers. It is hyderabad based construction and infrastructure development company. Very expensively priced and does not leave much room for even listing gains.
Circuit Systems India Ltd. 27-Sep-07 05-Oct-07 35 No CSIL is in the manufacturing of PCB that are used in Consumer electronics, Computer peripherals, Telecommunication, Industrial Electronics etc. It is a very small issue and I do not think market will show much interest in this for now.
Saamya Biotech India Ltd 25-Sep-07 28-Sep-07 10 No SBIL is engaged in the business of manufacturing and trading chemicals, pharmaceuticals, drugs and intermediates. They are yet to setup manufacturing facilities. Maybe we should into this company at least a year from now if they are still around.
Supreme Infrastructure India Ltd 21-Sep-07 26-Sep-07 95 - 108 Yes Supreme Infrastructure is a medium sized Mumbai based construction company with primary focus on road construction. Issue is fairly priced leaving behind good margin for both long and short term investors.
Koutons Retail India Ltd 18-Sep-07 21-Sep-07 370 - 415 Yes KRIL is in the business of designing, manufacturing and retailing apparel under the Koutons and Charlie Outlaw brands through a network of 999 outlets. It is likely to be profitable for both short and long term investors.
Consolidated Construction Consortium Ltd 18-Sep-07 21-Sep-07 460 - 510 No CCCL is into industrial, commercial, infrastructures and residential sectors of the construction industry. Truly infrastructure sector has a good future. But is everything that Glitters is Gold? It is very expensively priced.
Power Grid Corporation of India Ltd 10-Sep-07 13-Sep-07 44 - 52 Yes PGCIL is India’s principal electric power transmission company and Mini-Ratna Category - I public sector undertaking. The company controls 45% market and has a strong potential. Pricing is reasonable and is a good short as well as a long term investment.
Dhanus Technologies Ltd 10-Sep-07 12-Sep-07 280 - 295 No DTL is engaged in 3 activities – Telecards, ITES/BPO and Software services & Fleet Tracking Services. It is a reasonably priced good issue. However, I would prefer buying this company post listing once the price is stabilized with a long term perspective.
Allied Computers International (Asia) Ltd 07-Sep-07 12-Sep-07 12 No ACIL is in the business of assembling and marketing of laptop computers and software development. It is a small company and the offer is fully priced. Hence does not leave much for listing gains. It could be a good long term investment.
Kaveri Seed Company Ltd 06-Sep-07 11-Sep-07 150 - 170 No KSCL is primarily into the business of production, processing and marketing of high quality hybrid seeds. Weak financial numbers on all grounds makes it a poor issue. Also its too expensively priced, leaving not much for listing gains as well.
IT People (India) Ltd 27-Aug-07 31-Aug-07 00 - 00 No IT People is a well established company providing human capital solutions on the IT and ITES industry globally. FPO at this time is very risky proposition for a small cap IT company whose valuations are already quite high.
Magnum Ventures 27-Aug-07 30-Aug-07 27 - 30 No Magnum Ventures is a company in the paper manufacturing and hospitality business. It will modernize its production facilities by replacing plant and machinery. Valuation is expensive and Paper industry is definitely not in my buying list for now.
Dagger Forst Tools Ltd 27-Aug-07 03-Sep-07 45 No Dagger Forst Tools Ltd manufactures Broach - highly specialized cutting tools used in engineering & auto component industries. Even though this company is part of the Yash Birla group, but the issue does not have any feature that attracts.
Indowind Energy Ltd 21-Aug-07 24-Aug-07 55 - 65 No Indowind generates wind power & develops, operates & maintains windmill projects for others. A stiff valuation, absence of a focussed business strategy & governance issues, negate the bright prospects that the wind power business otherwise holds. We do no
Motilal Oswal Financial Services Ltd 20-Aug-07 23-Aug-07 725 - 825 Yes Motilal Oswal is focused on retail wealth management and institutional broking. IPO is reasonably priced keeping in mind the growth prospects and valuations compared to its peers. It should give good listing and medium to long term gains.
KPR Mills Ltd 02-Aug-07 07-Aug-07 225 - 265 No It is a vertically integrated manufacturer producing readymade knitted apparel, knitted fabric and carded and combed cotton yarn. Firstly, textile industry stocks are on the downtrend. Secondly, this issue is quite overpriced.
Take Solutions Ltd 01-Aug-07 07-Aug-07 675 - 730 No It is software products and services company for Supply Chain Management and Life Sciences. The issue appears to be very steeply priced and does not leave much upside for the investors.
Puravankara Projects Ltd 31-Jul-07 08-Aug-07 400 - 450 No A real estate company that focuses on developing commercial & residential properties. It is still expensive compared to peer companies even after revised pricing. Might give some listing gains due to realty boom but does not seem to be a good investment.
Asian Granito India Ltd 26-Jul-07 31-Jul-07 85 - 102 No AGIL is engaged in the business of manufacturing and selling vitrified tiles. Issue is fairly priced and do not leave much upside from here for listing gains. However it would be good for long term investors.
SEL Manufacturing Company Ltd 26-Jul-07 31-Jul-07 80 - 90 No SEL is an integrated textile multi-product company manufacturing & exporting cotton yarn, knitted fabrics and knitted garments. High risk due to its limited clients, big competitors and large debt. At this price, it is expensive.
Central Bank Of India 24-Jul-07 27-Jul-07 85 - 102 Yes CBI is the third largest bank in India in terms of number of branches. Very reasonably priced and is expected to give good listing gains.
Refex Refrigerants Ltd 23-Jul-07 26-Jul-07 65 Yes Good profit making company. Raising money for expansion for expansion of the project. Valuation is OK and should give good listing gains.
IVR Prime Urban Developers Ltd 23-Jul-07 27-Jul-07 510 - 600 No Just another Realty IPO. As usual, should we apply? Not in this case. It is too expensive and we do not forsee any major upside from its pricing from both lising and investment purpose.
Zylog Systems Ltd 20-Jul-07 25-Jul-07 330 - 350 Yes Medium-sized IT company with consistently good performance. It is an excellent issue and should give mind blowing listing gains. One can also subscribe as a long term investment.
Omnitech InfoSolutions Ltd 19-Jul-07 25-Jul-07 90 - 105 No It is a small IT serivce provider. The issue is fairly priced. It might give good listing gains but overall it is an average ipo. It would definitely give good returns if one can hold for a period of 2 years or so.
Omaxe Ltd 17-Jul-07 20-Jul-07 265 - 310 Yes Construction company with a huge reserves of land bank. Well priced IPO. It should give good listing as well as long term gains.
Alpa Laboratories Ltd 12-Jul-07 17-Jul-07 62 - 68 No A multi-product pharmaceutical company raising money to start a new plant. Issue is fully priced. There is not much upside left for an individual investor.
Simplex Projects Ltd 10-Jul-07 13-Jul-07 170 - 185 Yes Strong order book and well priced share price. Not sure of very good listing gains but definitely a good long term investment.
Everonn Systems India Ltd 05-Jul-07 11-Jul-07 125 - 140 Yes Cheaply priced to its peers like Educomp Solutions. It should definitely give good listing gains like Vishal Garments.
Allied Digital Services Ltd 02-Jul-07 05-Jul-07 170 - 190 Yes Country wide presence and good profit making company. Well priced compared to its peers. Should give good listing gains.
Housing Development & Infra 28-Jun-07 03-Jul-07 430 - 500 Yes A profit making company with a good size of land bank. Cheaply priced compared to its peers. Should give good listing gains. Also good for medium to long time investors.
Bharat Earth Movers Ltd 27-Jun-07 03-Jul-07 1020-1090 No BEML has seen good run-up from 500 to 1500 and now its under consolidation phase. Presently available at 1140 in the market directly. I believe its expensive like ICICI FPO.
Surya Chakra Power Corporation 25-Jun-07 29-Jun-07 17 - 20 No Very steeply priced, carries high risk and offers no major promise for capital appreciation.
Spice Communications Ltd 25-Jun-07 27-Jun-07 41 - 46 Yes Spice is priced at a discount to its competitors. Even though it may not be well-placed to capitalise on the growth opportunities and its huge debt, it should give good listing gains.
ICICI Bank Ltd. 19-Jun-07 22-Jun-07 885 - 950 No Market makers have pulled its price in the secondary market to 950. It is highly overpriced FPO. Post FPO, one could get it from the market at cheaper rates. I would avoid this IPO.
Ankit Metal & Power Ltd 18-Jun-07 22-Jun-07 30 - 36 No Why should I invest in this IPO? I could not find any one good reason that would suggest me to invest in this company.
Celestial Labs Ltd. 18-Jun-07 22-Jun-07 60 No It might give some minor listing gains but overall weak fundamentals and overpriced. I would rather buy good pharma stocks from the secondary market if I need to invest in this sector.
Roman Tarmat Ltd 12-Jun-07 19-Jun-07 150 - 175 No Quite steeply priced compared to its peers. It may not even give listing gains. However, could be a good investment for long term.
DLF Ltd 11-Jun-07 14-Jun-07 500 - 550 Yes DLF appears to be very steeply priced. It may not give good listing returns or infact may go down in short term. Overall Good for medium to long term.
Vishal Retail Ltd. 11-Jun-07 13-Jun-07 230 - 270 Yes Very well priced compared to its peers. Should definitely give good listing, short and long terms gains.
Meghmani Organics Ltd 04-Jun-07 07-Jun-07 17 - 19 No Overpriced! Existing peer companies are available at cheaper valuations. Might give some minor listing benefits.
Nelcast Ltd 04-Jun-07 08-Jun-07 195 - 219 Yes Well priced and profit making company. Should give good listing gains and also should provide good returns for a long term investment.
Decolight Ceramics Ltd 24-May-07 29-May-07 45 - 54 No There's nothing good or bad about this IPO. However, I would hold my money for mega DLF IPO.
Time Technoplast Ltd 18-May-07 23-May-07 290 - 315 Yes Well diversified products portfolio. Equally well priced profit making company. It should give a good listing gains and good long term benefits as well.
Nitin Fire Protection Ind. 15-May-07 18-May-07 171 - 190 Yes Well priced. It should give good listing gains as well as has a good long term story.
Glory Polyfilms Ltd 09-May-07 15-May-07 48 No Existing listed peer companies are available at cheaper valuations. This seems to be too expensive and I do not see any major listing gains.
Asahi Songwon Colors Ltd 09-May-07 15-May-07 90 - 108 No Just another IPO with inflated pricing. Nothing much to talk about.
Binani Cement Ltd 07-May-07 10-May-07 75 - 85 Yes Strong parent company. Good profit making company and well priced. Should give good listing gains.
Insecticides (India) Ltd 07-May-07 11-May-07 97 - 115 Yes Good profit making company with very cheap valuations. Expect good listing gains
MIC Electronics Ltd 30-Apr-07 08-May-07 129 - 150 Yes Well Priced and Diversified company portfolio. Should give good listing gains.
Hilton Metal Forging Ltd 18-Apr-07 24-Apr-07 70 Yes Well priced. It is a good long term investment with some listing gains.
Bhagwati Banquets and Hotels 18-Apr-07 25-Apr-07 36 - 40 No Too expensive compared to its peers. Do not see any major listing gains as well.
Fortis Healthcare Limited 16-Apr-07 20-Apr-07 92 - 110 No Loss making company and is expensive compared to Apollo Hospital. It may not give good listing gains. It will be a safe bet for long term investors.
Ammana Bio Pharma Ltd 28-Mar-07 05-Apr-07 12 - 14 Yes Bit expensive and may not give good listing gains but definitely a good long term bet.
Advanta India Ltd 26-Mar-07 30-Mar-07 600 - 650 No Too expensive and might now even give listing gains
ICRA Ltd 20-Mar-07 23-Mar-07 275 - 330 Yes Should give good listing gains. Also a good medium to long term investment.
Orbit Corporation Ltd. 20-Mar-07 23-Mar-07 108 - 117 No Too expensive compared to its already listed peers
Vimal Oil & Foods Ltd 14-Mar-07 23-Mar-07 30 No Quite overpriced
Gremach Infra Equip & Projects 08-Mar-07 19-Mar-07 72 - 86 No It is a good Long term investment but with the current market state, I would rather buy other good companies from the market directly.
Page Industries Ltd 23-Feb-07 27-Feb-07 360 - 395 Yes Good Long term investment with some listing gains as well
Tubeknit Fashions Ltd 21-Feb-07 27-Feb-07 100 - 120 No May give minor listing gains. But overall there are better options now to invest directly in the secondary market directly.
Abhishek Mills Ltd 20-Feb-07 26-Feb-07 95 - 110 No Fairly priced. Do not see any long term or short benefit benefits
AMD Metplast Ltd 15-Feb-07 23-Feb-07 65 - 75 No Too expensive
Jagjanani Textiles Ltd 15-Feb-07 23-Feb-07 25 No Overall the sector is under performing. Do not see any major gains here.
Astro Poly Technik Ltd 14-Feb-07 22-Feb-07 115 No Do not see major listing gains. Could be beneficial in the long term investment.
Raj Television Network Ltd 14-Feb-07 23-Feb-07 221 - 257 Yes Expect good listing gains. It would be beneficial for both Short & Long Term investors.
Indus Fila Ltd 12-Feb-07 14-Feb-07 170 - 185 No No major listing gains expected. Could be beneficial in the long term investment.
Evinix Accessories Ltd 12-Feb-07 15-Feb-07 100 - 120 No Do not see major listing gains. Could be beneficial in the long term investment.
Idea Cellular Ltd 12-Feb-07 15-Feb-07 65 - 75 Yes Major listing gains expected. Good for both Short & Long term investor
Broadcast Initiatives Ltd 09-Feb-07 14-Feb-07 100 - 120 No Quite overpriced. May enter into this scrip once it cools down post its listing.
MindTree Consulting Ltd 09-Feb-07 14-Feb-07 365 - 425 Yes Great Listing gains, It is good for both Short & Long term investment
Vijayeswari Textiles Ltd 08-Feb-07 13-Feb-07 115 - 130 No Pricing is quite stretched. No major listing gains, could be beneficial for long term investor. Entire Sector is down for now.
Oriental Trimex Ltd 08-Feb-07 14-Feb-07 40 - 48 No It could be good for long term investment but I do not see major listing gains.
Mudra Lifestyle Ltd 08-Feb-07 14-Feb-07 75 - 90 No Could give some listing gains but otherwise fully priced.
Euro Ceramics Ltd 07-Feb-07 13-Feb-07 150 - 180 No Many other lucrative IPO's coming soon
C and C Constuctions 05-Feb-07 09-Feb-07 270 - 291 Yes Good Listing gains expected. Have a strong order book and hence also a good long term bet.
Indian Bank 05-Feb-07 09-Feb-07 77 - 91 No Overpriced - compared to its competitors. No major listing gains as well. There are better private banks to invest money.
SMS Pharmaceuticals Ltd 05-Feb-07 08-Feb-07 360 - 380 Yes Profit making, consistently growing pharma company. It may or may not give major listing gains but definitely a good long term bet.
Lawreshwar Polymers Ltd 05-Feb-07 08-Feb-07 16 No Too expensive - compared to its peers.
Power Finance Corporation 31-Jan-07 06-Feb-07 73 - 85 No It will not give major listing gains. However, it could be a good bet for the long term investor.
Firstsource Solutions Ltd 29-Jan-07 02-Feb-07 54 to 64 Yes Excellent lising gains with long term holding recommendation for sustained growth.
Transwarranty Finance Ltd. 23-Jan-07 02-Feb-07 48 - 55 No It may not even give listing gains. Nothing interesting about this IPO.
Redington (India) Ltd. 22-Jan-07 25-Jan-07 95 - 113 Yes Good listing gains. Appropriately priced. Good network for E-2-E logistics & supply chain model.
Technocraft Ind (India) Ltd. 18-Jan-07 23-Jan-07 95 - 105 Yes Well managed company, expansion of current assets. Expect good listing with definite long term gains.
Cinemax India Ltd. 18-Jan-07 24-Jan-07 135 - 155 Yes Good listing gains. Appropriately priced.
Yogindera Worsted Ltd. 16-Jan-07 22-Jan-07 24 No It may not even give listing gains. Nothing interesting about this IPO.
House Of Pearl Fashions Ltd. 16-Jan-07 23-Jan-07 525 - 600 No Very aggressive pricing. May give minor listing gains. Hence should be avoided.
Pochiraju Industries 15-Jan-07 18-Jan-07 25-30 No Not interesting. There are far more better opportunities.
Global Broadcast News 15-Jan-07 18-Jan-07 230-250 No Even though CNN-IBN or CNBC TV18 or CNBC Awaaz has good coverage, but IBN-7 hindi news channel is quite a risky proposition and is an expensive offer.
Akruti Nirman 15-Jan-07 19-Jan-07 475-540 No Negative cash flow, increasing debt, slum re-habiliation policy changes, land acquisition always a issue - Very high risk to award ratio.
Autoline Ind 08-Jan-07 12-Jan-07 220-225 No May give minor listing gains. Offer Price more or less on par with its peers.
Cambridge Tech 29-Dec-06 09-Jan-07 38 No Too expensive for its size.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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