Sunday, October 29, 2006
Monday, October 09, 2006
Indian IPO Updates
Indian IPO Updates: "Global Vectra Helicorp, one of the largest dedicated offshore transportation services helicopter company, closed for subscription.
The issue has been subscribed 3.50 times, as per NSE website.
The total bids received for the issue were 1,22,47,980 against its total issue size of 35 lakh shares.
The company entered in the capital market with its initial public offer, IPO of 35,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the book-building process.
The price band for the issue was between Rs 175 and Rs 200 per equity share of Rs 10 each.
The shares will be listed on the Bombay Stock exchange and National Stock Exchange. The book running lead manager to the issue is SBI Capital Markets.
Global Vectra Helicorp, GVHL presently has 14 Bell 412 helicopters each having 13 passenger seats and two pilot seats. GVHL is part of the Vectra Group, which has 18 companies in six countries, primarily in India and Eastern Europe.
For fiscal 2006, the company achieved gross revenue of Rs 898.38 million as compared to Rs 524.20 million in fiscal 2005, an increase of 71.38% year on year. The net profit for fiscal 2006 was Rs 78.01 million as compared to a net loss of Rs 4.31 million in fiscal 2005.
GVHL‘s biggest client is the largest oil and gas company in the country. The other clients include Reliance Industries, British Gas Exploration and Production, Transocean and Gujarat State Petroleum Corporation.
posted by rtotla at 10:55 AM 0 comments
Usher Agro closes with premium of 8%
Usher Agro, an agri-processing company, closed with 8% premium over its offer price of Rs 15 per share on listing day.
The share ended at Rs 16.20, with volumes of 93,85,025 shares. It touched an intraday high of Rs 19.35 and an in"
The issue has been subscribed 3.50 times, as per NSE website.
The total bids received for the issue were 1,22,47,980 against its total issue size of 35 lakh shares.
The company entered in the capital market with its initial public offer, IPO of 35,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the book-building process.
The price band for the issue was between Rs 175 and Rs 200 per equity share of Rs 10 each.
The shares will be listed on the Bombay Stock exchange and National Stock Exchange. The book running lead manager to the issue is SBI Capital Markets.
Global Vectra Helicorp, GVHL presently has 14 Bell 412 helicopters each having 13 passenger seats and two pilot seats. GVHL is part of the Vectra Group, which has 18 companies in six countries, primarily in India and Eastern Europe.
For fiscal 2006, the company achieved gross revenue of Rs 898.38 million as compared to Rs 524.20 million in fiscal 2005, an increase of 71.38% year on year. The net profit for fiscal 2006 was Rs 78.01 million as compared to a net loss of Rs 4.31 million in fiscal 2005.
GVHL‘s biggest client is the largest oil and gas company in the country. The other clients include Reliance Industries, British Gas Exploration and Production, Transocean and Gujarat State Petroleum Corporation.
posted by rtotla at 10:55 AM 0 comments
Usher Agro closes with premium of 8%
Usher Agro, an agri-processing company, closed with 8% premium over its offer price of Rs 15 per share on listing day.
The share ended at Rs 16.20, with volumes of 93,85,025 shares. It touched an intraday high of Rs 19.35 and an in"
Saturday, October 07, 2006
AV Birla NUVO « Indian Stock Market Blog
AV Birla NUVO « Indian Stock Market Blog: "Aditya Birla Nuvo (CMP Rs 880) is a classic theme stock. The company holds interests across varios businessess like Insurance (Birlas Global Finance), Telecom (Idea), Branded clothing (Indian Rayon) and Fertlizers (Indo Gulf Fertizers). The company recently amalgamated two of its subsidaries i.e Indo Gulf fertlizers and Birla Global Finance. Indo Gulf Fertilizers being a cash rich company acts like a cash cow from where the company couls use the cash proceeds to fund the other buinsess emerging businesses like Insurance,Telecom etc. It also made an overseas acqusistion of Minacs, Canadian BPO firm.
There is nothing much to talk about the financials about AB Novu, the only to talk about is that company is sitting on big set of investmenst that are yet to materialized. the company involves the business that has growth cum value.
Telecom: Idea
AB Novu holds a whopping 35.74% stake in Idea which by coonservative estimates amounts to more than Rs 10000 crore (estimates take the base value of Rs 40 i.e. price at which stake was acquired from Tata). The company has subscriber base of 10 million as compared to Bharti 28 million (Approx.) The numbers that we see are mind boggling becuase company is still in a very nascent stage and is yet to materialise its opertaion across the country. Moreover, the company is profitable in all the cirlces it is operating so it puts less burden on the financiala as it enetrs the new areas of operation like Mumbai, Bihar etc. Also,the company is to place 10-15% stake of Idea to few QIP whihc will reduce the debt burden of the company. So, looking at the growth potential of telecoma sector per se and company potential it could be be emerging star in AB Novu portfolio.
Insurance: Birla Global Finance
the company includes the integrated play "
There is nothing much to talk about the financials about AB Novu, the only to talk about is that company is sitting on big set of investmenst that are yet to materialized. the company involves the business that has growth cum value.
Telecom: Idea
AB Novu holds a whopping 35.74% stake in Idea which by coonservative estimates amounts to more than Rs 10000 crore (estimates take the base value of Rs 40 i.e. price at which stake was acquired from Tata). The company has subscriber base of 10 million as compared to Bharti 28 million (Approx.) The numbers that we see are mind boggling becuase company is still in a very nascent stage and is yet to materialise its opertaion across the country. Moreover, the company is profitable in all the cirlces it is operating so it puts less burden on the financiala as it enetrs the new areas of operation like Mumbai, Bihar etc. Also,the company is to place 10-15% stake of Idea to few QIP whihc will reduce the debt burden of the company. So, looking at the growth potential of telecoma sector per se and company potential it could be be emerging star in AB Novu portfolio.
Insurance: Birla Global Finance
the company includes the integrated play "
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