| Co. Name | Offer Price (Rs.) | Discovery Price (Expected) | Expected Retail Category Subscription (Times) | Refund Date (Expected) | Retail Allotment of shares (Expected) | Listing Date (Expected) | Listing Price (Expected) |
| Gallantt Ispat | 50 (Fixed Price) | Fixed | 1.5 to 2 | 4/5 Oct. | 1574 | 11 Oct. | May go in Discount |
| Va Tech Wabag | 1310 (Upper) | Fixed | 8.55 | 18 Oct. | 8 to 10 | 21 Oct. | 1650 Plus |
| Cantabil | 135 (Upper) | Fixed | 2.63 | 7/8 Oct. | 270 to 290 | 11 Oct. | Discount |
| Tecpro Sys. | 355 (Upper) | Fixed | 9.07 | 8/9 Oct. | 31 | 12 Oct. | 425 |
| Ashok Buildcon | 324 (Upper) | Fixed | 3.46 | 8 / 9 Oct. | 98 to 100 | 12 Oct. | 375 Plus |
| Sea TV Network | 100 (Upper) | Fixed | 7.45 | 11 Oct. | 135 to 145 | 14 Oct. | 130 Plus |
| Bedmutha Ind. | 95 to 102 | 102 | 8.51 | 12/13 Oct. | 135 to 150 | 15 Oct. | 125 Plus |
| Commercial Engg. | 125 to 127 | 125 | 0.38 | 15 / 16 Oct. | 270 (Full & Firm) | 19 / 20 Oct. | May go in Discount |
| Oberoi Realty | 253 to 260 | 260 | 0.94 | 19 / 20 Oct. | 380 (Full & Firm) | 22/25 Oct. | May go in Discount |
| BS Trans | 248 to 257 | 248 | 0.75 / 1.25 | 19 / 20 Oct. | 375 (Full & Firm) | 22/25 Oct. | May go in Discount |
| Prestige Estate | 172 to 183 | 172 | 0.60/1.10 | 25 Oct. | 540 (Full & Firm) | 28 Oct. | May go in Discount |
| Gyscoal Alloys | 65 to 71 | 71 | 5 / 7 | 26 Oct. | 350 / 450 | 29 Oct. | 100 Plus |
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Monday, October 11, 2010
IPO Allotment Listing Expectations - Oct 11 2010
Grey Market Premium - Prestige Estates, Coal India, Oberoi Realty
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Gallantt Ispat | 50 (Fixed Price) | -3 to -5 |
| VA Tech Wabag | 1310 (Upper Band) | 350 to 360 |
| Cantabil Retail | 135 (Upper Band) | 1.50 to 2 |
| Tecpro Systems | 355 (Upper Band) | 54 to 55 |
| Ashoka Buildcon | 324 (Upper Band) | 22 to 23 |
| Sea TV Network | 100 (Upper) | 15 to 16 |
| Bedmutha Ind. | 102 (Upper) | 14 to 16 |
| Commercial Engg. | 125 to 127 | 1.50 to 2 |
| Oberoi Realty | 253 to 260 | 5 to 7 |
| B.S. Trans | 248 to 257 | Discount |
| Prestige Estate | 172 to 183 | -- |
| Gyscol Alloy | 65 to 71 | 13 to 15 |
| Coal India | 200 to 225 (Approx) | 14 to 15 |
Market may snap last two days fall on firm Asian stocks
The market may snap last two days fall on firm Asian stocks. The Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could gain 35.50 points at the opening bell.
Markets expect a gap-up opening
Headlines for the day:
Nirma, Binani look to delist shares
Fortis Healthcare owners to buy Hong Kong business
Cairn Energy hopeful of closing Vedanta deal soon
Daily News Roundup - Oct 11 2010
M&M plans to convert bonds worth US$141.2mn to help pare its debt-to-equity ratio. (ET)
HPCL is in talks with Jindal Petroleum to buy the latter’s 25% stake in an oil and gas block in Rajasthan. (ET)
L&T bagged Rs15.85bn orders in July-September period from the construction segment. (ET)
Sensex extends losses...Nifty drifts lower
It was the second straight day of losses for the Indian markets on Friday. The NSE Nifty has lost nearly 90 points and the BSE Sensex has lost almost 300 points in the past two days. Today’s decline was led by the Metals, Auto and the Power stocks. Even, the Mid-Caps and the Small-Cap continued to be battered. However, defensives like the Pharma and select IT stocks bucked the negative trend.
Solid start to an eventful week
Not being able to govern events, I govern myself. - Montaigne.
Three local events that start with "I" will be closely followed along with the latest global developments. IIP data for August is due on Tuesday; inflation for September will be released two days later and Infosys results will be announced on Friday. The start is set to be strong. US stocks climbed despite a weaker-than-expected jobs report. Wall Street is betting on the Federal Reserve to unleash second round of monetary stimulus to prop up the US economy. New York Fed President William Dudley, who has voiced support for more government bond purchases, will speak in Washington later today.
Financial markets in Japan are closed for a holiday today. Rest of Asia is doing well, with China leading the regional rally. European stocks drifted lower on Friday. After a solid opening, the trend could turn choppy as investors may choose to use the advance for some more profit booking. Individual stocks will remain in the spotlight. Avoid going on the offensive for the moment and wait for some more softening to pick up your favourite stocks.
The NSE Nifty last week witnessed profit booking after rallying for five consecutive weeks. Strong support is seen at around 6067. Any close below the same is likely to lead to some more selling. If that happens, the Nifty may go all the way down to 5880.
Index bellwether Reliance industries has given a breakout from falling resistance line after it closed above Rs 1050, surpassing earlier peak of Rs 1048.50. Along with the breakout, the stock has also closed above its 200 DMA of Rs 1033 for a third consecutive trading session. This may result in some follow-up buying.
One should be careful with the key indices trading close to all-time highs. Avoid chasing high returns in the Small-Caps and Mid-Caps as it is fraught with risks. There could be more selling as the market is looking slightly overbought. We might see a sideways consolidation this month after a spectacular September. But, the medium- to long-term outlook remains promising.
Shares of Gallantt Ispat Ltd. will get listed on the bourses today.
CMC, IndusInd Bank, Praj Industries and Sintex Industries will announce results today.
Indo Asian Fusegear will announce a special dividend.
Nirma will be in focus after announcing plans to delist the company’s shares.
The FIIs were net buyers of Rs5.86bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs10bn. In the F&O segment, the foreign funds were net sellers at Rs9.44bn. The FIIs were net buyers of Rs17bn in the cash segment on Thursday, as per the SEBI web site. Mutual Funds were net sellers at Rs4.23bn on the same day.
Copper ends in mixed mode
Prices rise at Comex but drop at LME
Copper prices ended higher on Friday, 08 October at Comex. Prices rose riding on the back of weak dollar. But prices dropped at LME.
US stocks ignore disappointing job report
Loss in government jobs does not shake investors much
US stocks ended with substantial gains for the week that ended on Friday, 08 October 2010. Third quarter earnings reporting season got off to its unofficial start. Corporate news was light and economic data came in mixed, with the latest employment report checking in much worse than expected. The Dow crossed the 11,000 mark for the first time since May during the week.