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Tuesday, September 21, 2010
Microsec Financial Services Subscription Allotment Details
Qualified Institutional Buyers (QIBs) 5.91
Non Institutional Investors 35.88
Retail Individual Investors (RIIs) 11.04
Eros International Subscription Allotment Details
Qualified Institutional Buyers (QIBs) 25.79
Non Institutional Investors 73.40
Retail Individual Investors (RIIs) 11.95
Career Point Infosystems Subscription Allotment Details
Qualified Institutional Buyers (QIBs) 47.45
Non Institutional Investors 101.93
Retail Individual Investors (RIIs) 31.74
VA Tech Wabag
VA Tech Wabag Limited (Wabag) is entering in the capital markets with an initial public offering (IPO) of up to 3.7 mn equity shares of Rs. 5 each at a price band of Rs. 1,230–1,310 to raise up to Rs. 4.7 bn. The issues consisting of a fresh issue of up to 1.0 mn equity shares aggregating up to Rs. 1.25 bn by the company and an offer for sale of equity shares aggregating up to Rs. 3.5 bn by India Advantage Fund I, Dynamic India Fund I, Rainbow Fund Trust, GLG Emerging Markets Fund and Passport India Investments (Mauritius) Limited.
BSE Bulk Deals to Watch - Sep 21 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
21/9/2010 530901 ACIL Cot Inds NILESH KRUSHNA PALANDE B 62257 32.25
21/9/2010 530901 ACIL Cot Inds SHAMBHUBHAI PATEL KIRITKUMAR S 90000 32.20
21/9/2010 513513 Aditya Ispat CHANDRA GANESH B 28000 14.15
NSE Bulk Deals to Watch - Sep 21 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
21-SEP-2010,AEGISCHEM,Aegis Logistics Ltd,SAPPHIRE COMMERCIAL PVT.LTD.,BUY,305809,338.56,-
21-SEP-2010,AFTEK,Aftek Limited,ABANS SECURITIES LIMITED,BUY,509543,15.46,-
Sensex above 20K, Nifty over 6K
Major headlines:
EIH zooms on rights issue plan; the stock closes 1.32% higher
Indian Oil Corporation spurts on raising petrol prices; the stock ends 0.79% lower
Suven Life energises on securing two US patents; the stock closes 2.35% higher
Electrosteel Steel IPO analysis
Promoted by Electrosteel Castings (ECL), Electrosteel Steel is setting up a 2.2-million tonne per annum (MTPA) integrated steel and ductile iron (DI) spun pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in Jharkhand and has set up Electrosteel Steel for implementing the integrated steel and DI pipe plant.
Orient Green Power Company IPO Analysis
Orient Green Power Company (OGPL) develops and operates renewable energy based power plants. The company, which began its operation in April 2008 by acquisition and operation of the 8-MW Kotputli biomass power plant in Rajasthan, has now grown to become one of the largest independent operator and developer of renewable energy based power plants in India on installed capacity with an aggregate generation capacity of 213.03 MW.
Sensex regains 20000; Nifty above 6000
The key benchmark indices rose for the third straight day with BSE Sensex and the S&P CNX Nifty closing above the psychological marks 20000 and 6000 respectively. Market scaled 32 month closing highs today. Firm global stocks, foreign institutional investors' buying spree and robust Q2 advance tax payments from frontline companies underpinned sentiment. The BSE 30-share Sensex rose 95.45 points or 0.48%, off close to 90 points from the day's high and up close to 140 points from the day's low.
Waiting for tonight!
"We must be willing to get rid of the life we've planned, so as to have the life that is waiting for us." – J Campbell.
Grey Market - Career Point, Ramky Infrastructure, Microsec Financial, Orient Green Power, Electro Steel, VA Tech Wabag, Cantabil Retail, Tecpro System
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 (Lower Band) | 0.70 to 0.75 (Paise) |
| Tirupati Inks (FPO) | 43 (Upper Band) | 8.5 to 9 |
| Career Point Infosystems | 295 to 310 | 135 to 137 |
| Eros International | 158 to 175 | 41 to 43 |
| Microsec Fin | 113 to 118 | 25 to 27 |
| Ramky Infrastructure Ltd. | 405 to 468 | 40 to 42 |
| Orient Green Power | 47 to 55 | 2 to 2.50 |
| Electro Steel | 10 to 11 | 1.10 to 1.20 |
| Gallantt Ispat | 50 (Fixed Price) | 7 to 7.5 |
| VA Tech Wabag | 1230 to 1310 | 292 to 295 |
| Cantabil Retail | 127 to 135 | 14 to 15 |
| Tecpro Systems | -- | -- |
| CTV Network | 100 to 110 | 19 to 20 |
| Ashok Buildcon | 280 to 300 (Approximate) | 42 to 45 |
Market set for buoyant start on strong global cues
The market is headed for an upbeat start as Asian markets edged higher after an overnight rally in US markets. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could rise 5 points at the opening bell. The key benchmark indices – the BSE Sensex and NSE Nifty may hit psychological levels of 20,000 and 6,000 respectively with foreign institutional investors' buying spree and higher Q2 advance tax payments from frontline companies boosting sentiment.
Flat start on cards
Headlines for the day:
EIH rights offer may help RIL raise stake
Indian Oil Corporation increases petrol price by 27 paise a litre
Tatas for mining profit share as part of costs
Daily News Roundup - Sep 21 2010
Indian Oil Corporation will raise prices of petrol by 27paise a litre, effective midnight tonight. (BS)
REC has received the status of an infrastructure finance company (IFC) from the Reserve Bank of India. (BS)
Sensex on 7th heaven...Nifty flirts with 6000
Call it strong economic fundamentals or just liquiditymagic; overseas investors have stepped up their shopping spree in September. TheSensex surged 311 points to close at 19,906. The index hit an intra-day high of19,927 and an intra-day low of 19,445. The NSE Nifty rose 96 points to close at 5,980 after touching a high of 5,990 and a low of 5,885. TheNifty took about 80 trading sessions to travel from 5000 to near 6000 levels.In Nov 2007, the Nifty had taken just 24 sessions to move from 5000 to hit the6000 mark. The Sensex ended August near 18,000.Since then, it has rallied by almost 2000 points in a mere 13 trading days.
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