Grey Market Premiums

Closed IPOs

Omaxe - Rs 80.
Omnitech Info - Rs 90.
Zylog - Rs 280.
IVR Prime Urban - Rs 8.
Central Bank - Rs 36.
SEL - Rs 2.
Asian Granito India - Rs 10.
Refex - Rs 14.

Current IPOs

Puravankara - Rs 10.
Take Solutions - Rs 320.
KPR Mills - Rs 9.

IPO Grey Market Premiums

Closed IPOs

Simplex - Rs 160.
Alpa Labs - (Discount. The IPO was subscribed only 1.1 times.)
Omaxe - Rs 100.
Omnitech Info - Rs 100.
Zylog - Rs 330.
IVR Prime Urban - Rs 14.
Central Bank - Rs 38.
SEL - Rs 5.
Asian Granito India - Rs 10.


Current IPOs

Puravankara - Rs 40.
Take Solutions - Rs 220.
KPR Mills - Rs 25.

IPO Grey Market Premium

Closed IPOs

Simplex - Rs 160.
Alpa Labs - (Discount. The IPO was subscribed only 1.1 times.)
Omaxe - Rs 100.
Omnitech Info - Rs 100.
Zylog - Rs 330.
IVR Prime Urban - Rs 14.
Central Bank - Rs 38.
SEL - Rs 5.
Asian Granito India - Rs 10.

Current IPOs

Purvankara - Rs 40.
Take Solutions - Rs 220.
KPR Mills - Rs 25.

Forthcoming IPOs

Refex - Rs 18.


Disclaimer: The prices may just be a indicator and may not be the actual price on the listing date.

Grey Market Premium

Alpa Labs - (Discount. The IPO was subscribed only 1.1 times.)
Omaxe - Rs 100.
Omnitech Info - Rs 110.
Zylog - Rs 320.
IVR Prime Urban - Rs 12.
Central Bank - Rs 38.
SEL - Rs 15.
Asian Granito India - Rs 18.
Purvankara - Rs 40.
Refex - Rs 18.
Take Solutions - Rs 270.

Grey Market Premium - Omaxe,HDIL, Everonn, Central Bank

Omaxe Ltd. 265 to 310 60 to 65

OMNI Tech Info 90 to 105 170 to 175

Zylog Systems 330 to 350 310 to 315

Refex Ref. 65 4 to 5

Central Bank Of India 85 to 102 27 to 29

Alpa Labs 62 to 68 1 to 1.50

Everon Sys. 140 370 to 375

Simplex Projects 170 to 185 140 to 150

Allied Digital 190 140 to 145

Spice Communication 46 11 to 13

Surychakra Power 20 2 to 3

H.D. Infra 500 25 to 27

Grey Market Premiums - Omnitech, Zylog, Central Bank, HDIL, Omaxe

Allied Digital 190 135 to 140

Everonn Systems 125 to 140 390 to 400

Alpa Labs. 62 to 68 No premium - trading at discount

Simplex Projects 170 to 185 155 to 160

Spice Communication 46 9.50 to 10

Surychakra Power 20 2 to 3

HDIL 500 31 to 32

Celestial Labs 60 11 to 12

Omaxe Ltd. 265 to 310 55 to 60

Omnitech Info 90 to 105 160 to 165

Zylog System Ltd. 330 to 350 200 to 210

Central Bank 85 to 102 15 to 20

Grey Market Premiums

Read - Issue Price , Premium

Everon Sys. 125 to 140 425 to 430

Simplex Projects 170 to 185 150 to 155

Alpa Labs. 62 to 68 Discount

Allied Digital 190 135 to 140

Spice Communication 46 10 to 12

Surychakra Power 20 2 to 3

H.D. Infra 500 32 to 35

Celestial Labs 60 8 to 10

Omaxe Ltd. 265 to 310 50 to 60

Rumor Mill - DLF Grey Market Premium

We hear from reliable sources that DLF grey market premium is now around 30 rs (from the earlier 22)

Disclaimer: Don't blame us if it changes overnight

IPO Grey Market Premiums Update

Price within the brackets indicate current premiums

Roman Tarmat 175 (125 to 130)
Celestial Labs 60 (8 to 10)
Ankit Metal 36 (3.50 to 4)
DLF Ltd. 525 (22 to 24)
Vishal 270 (350 to 360)
Suryachakra 17 to 20 (2.5 to 3)
BEML 1020 to 1090 (--)
Spice Commu. 41 to 46 (9 to 10)
HD Infia 430 to 500 (18 to 20)
Allied Digital 170 to 190 (105 to 110)
Everonn Systems 125 to 140 (300 to 305)
Omaxe Ltd. 260 to 310 (20 to 25)

NTPC to invest $763 mln in hydro project

Indian state-run power generator NTPC Ltd. said on Friday it planned to invest 34.25 billion rupees ($763 million) to set up a 520-megawatt hydro power project. ($1 = 44.9 Indian rupees)

BREAKING NEWS - Welspun Gujarat gets 4.60 bln rupees order

Steel pipes maker Welspun Gujarat Stahl Rohren Ltd. said on Wednesday it had secured an offshore pipeline order worth 4.60 billion rupees from Exxon Mobil Corp. .

A stock exchange notice earlier said the company had secured orders, but Welspun Gujarat said in a statement that it was a single order.

The company expects to execute the order for the 120-kilometre (74.56 miles) pipeline by 2007. Its order book stands at about 25 billion rupees, it said.

Shares in the company rose 0.61 percent to 82.40 rupees in a firm Mumbai market.

Premium News: United Phosphorus to buy Europe co for 100 mln euros

Chemicals and pesticides maker United Phosphorus Ltd. plans to buy a crop protection products maker in western Europe for "slightly higher" than 100 million euros, a top company official said on Tuesday.

He declined to give the name of the firm but said Yes Bank was advisor to the deal.

United Phosphorus has been on an acquisition spree snapping up South Africa's Cropserve (Pty) Ltd. and buying the worldwide

Copper tumbles in Shanghai

Copper prices took another tumble on Monday, with most Shanghai futures contracts falling by their daily downside limits as investors fretted over rising inventories, despite an otherwise robust market outlook.

Shanghai copper futures <0#SCF:> fell by their 4-percent daily limit at the opening and failed to recover as a plunge in London Metal Exchange three-month copper to four-month lows on Friday turned buyers away.

"Copper's starting the week the way it ended last week, in negative territory," a metals trader said.

Most Shanghai copper futures closed limit-down, with the most-active January contract <0#SCF:> dropping to 65,060 yuan ($8,277) a tonne, against 67,450 yuan at last Friday's close.

A weaker U.S. dollar did little to spark interest in London Metal Exchange contracts, with copper for delivery in three months on the LME quoted at $6,850 a tonne.

The contract fell $410, or 5.6 percent to $6,900 in London on Friday after LME stocks leapt 1,625 tonnes to 148,200, up 54 percent from the start of the year.

"Fundamentals for copper still look strong, but the stocks can't be ignored," a second trader said.

China's strong appetite for copper to feed industrial growth has long fuelled copper prices.

Expectations that this trend will continue were underscored by news last week that copper smelters might continue to chase limited supplies of concentrate next year.

Chile's giant Escondida mine, majority owned by BHP Billiton Ltd/Plc , has opened 2007 copper treatment and refining charge talks with Chinese smelters with an offer a third lower than charges for 2006.

"That tells us that at least BHP thinks smelters are desperate for concentrate," the second trader said.

High copper prices, which hit a record $8,800 a tonne in May, had kept China off the world copper market for months. Imports of copper, including semi-finished products, fell 22.4 percent between January and October as it relied on its own stockpiles.

But with copper prices slumping and domestic stockpiles diminished somewhat, some analysts think China may turn buyer.

"There is no visible oversupply in China's copper market. A strong price rise may appear if buying interests of consumers and investors are prompted by a might-be shortage in domestic physical market," Xue Feng, an analyst at Maike Enterprise Group said in a market note.

Three-month nickel, which zoomed to a record $32,625 on Oct. 20, was up $100 at $29,500 a tonne.

Australia's Western Areas NL ,WSA.TO> on Monday joined a growing legion of outback miners looking to increase output in response to nickel's surge.

The miner said it wanted to lift output of nickel in concentrate by 5,000 tonnes a year from 12,000 tonnes at its Flying Fox mine as it sees a strong nickel price going forward.

Nickel miners in the far western Australia outback, including Australian Mines Ltd. , Mincor Resources NL , Fox Resources Ltd. and Jubilee Mines NL are making plans to dig more nickel on expectations that demand for the metal will stay strong.

Metal Last Net Change Pct Move LME Cu 6910.00 10.00 +0.14 SHFE Cu* 65060.00 -2390.00 -3.54 LME Alum 2705.00 10.00 +0.37 SHFE Alu* 20110.00 -390.00 -1.90 COMEX Cu** 307.75 0.00 +0.00 LME Zinc 4335.00 35.00 +0.81 LME Nickel 29500.00 100.00 +0.34 LME Lead 1675.00 0.00 +0.00 LME Tin 9750.00 -100.00 -1.02

Change so far in 2006

Metal Latest bid End prev year Pct Move LME Cu 6910.00 4395.00 +57.22 SHFE Cu* 65060.00 41720.00 +55.94 LME Alum 2705.00 2276.00 +18.85 SHFE Alu* 20110.00 19360.00 +3.87 COMEX Cu** 307.75 204.20 +50.71 LME Zinc 4335.00 1905.00 +127.56 LME Nickel 29500.00 13500.00 +118.52 LME Lead 1675.00 1051.00 +59.37 LME Tin 9750.00 6475.00 +50.58

Breaking Premium News - Sun TV Advertising Rates

Broadcaster SUN TV Ltd. said on Monday it had increased advertisement rates by 5-27 percent to be effective January 1, 2007.

Indian shares seen slipping on weaker Asia

Indian shares are likely to ease on Monday, tracking weaker Asian markets and as investors consolidate their positions after a record run the previous week.

But the downside is likely to be limited by strong foreign fund flows, which have topped $7 billion so far this year.

Tokyo stocks fell to their lowest level in 1- months on Monday, while weakness in major miners dragged Australian shares lower.

In India, cautious retail investors could depress shares.

"The indices have closed at the upper end of the intraday band and the market breadth and traded volumes indicate strength in the undertone," said Vijay Bhambwani, chief executive of BSPLindia.com.

"But a large portion of the retail segment lacks clarity and conviction in the markets."

India's benchmark BSE index <.BSESN> climbed to a new record close on Friday, off a new peak of 13,303.85 points. The index gained 1.2 percent last week and is up 41 percent so far this year, making it the best-performing index in Asia-Pacific.

Templeton Asset Management's Mark Mobius says the Indian stock market looks expensive in comparison to others, but there are still some bargains to be had for long-term investors. For details, double-click on [ID:nBOM35965].

STOCKS TO WATCH

* Usha Martin Ltd., after the wire rope maker said its joint venture with Germany's Gustav Wolf will start manufacturing tyre beads and expand its steel cord capacity.

* Grasim Industries Ltd., after its plans to invest 12 billion rupees to set up a cement plant with a capacity of 3.5 million tonnes a year in the eastern state of Orissa. For details, double-click on [ID:nBOM150736].

* Binani Industries Ltd., after it said its subsidiary Binani Cement Ltd. has filed initial papers with the securities market regulator for a public offer of shares.

* Suit and apparel maker Raymond Ltd. , after said it would form a 500 million rupee joint venture with Grotto S.p.A. to sell the Italian firm's "Gas" brand in India. For details, double-click on [ID:nBOM133625].

FACTORS TO WATCH

* Indian federal bond report [IN/]
* Indian rupee report [INR/]
* FOREX-Dollar falls again on forex diversification talk [FRX/]
* Oil slips towards $59, traders look to winter,

* GLOBAL MARKETS-Asian stocks, dollar, oil pressured

Premium News - Punj LLoyd

India's Punj Lloyd Ltd. said on Friday it had won a contract worth 8.03 billion rupees ($180.9 million) from Qatar Petroleum.

The firm has been awarded an engineering and construction deal for the Doha Urban Pipeline Relocations project, a statement said.

Its shares were up 4 percent in afternoon trade in a firm Mumbai market.

Breaking Premium News - Ansal Housing

Ansal Housing & Construction Ltd. said on Friday it would invest 2 billion rupees to develop a residential project in Indore, Madhya Pradesh.

Breaking Premium News - Moser Baer - Margins Improve

Digital disc maker Moser Baer India Ltd. expects core earnings to move towards the 35-45 percent range by the fourth quarter of the year to March 2007, as prices improve and input costs fall, a top official said.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at 26.5 percent in the July-September quarter, showing a rise of 7 percentage points from the preceding quarter, Executive Director Ratul Puri told Reuters on Thursday.

"We will continue to see firm pricing environment, continue to see stable or weak polycarbornate (raw material) prices and see improvement in overall efficiency," Puri said.

Breaking Premium News - Petron Engineering Construction Ltd.

Petron Engineering Construction Ltd. said on Thursday it received the Letter of Intent for a contract worth 500 million rupees from Grasim Industries Ltd. .

The contract involved civil and mechanical work for refractories at Grasim's cement project in the north-western state of Rajasthan, Petron said in a statement

Breaking Premium News - TCS, Satyam Deal

India's top software exporter, Tata Consultancy Services Ltd. , and number four Satyam Computer Services Ltd. said on Thursday a new order from Qantas Airways Ltd. was worth about US$145 million.

The contracts to outsource IT support services, which were announced last month, are both for seven years.

TCS said its part of the order was worth A$120 million, or US$90 million, while Satyam said its portion of the contract was worth A$71 million (US$55 million).

TCS and Satyam said they would provide a range of IT application development, transformation and maintenance services to Australia's top airline.

Indian software services firms have been thriving on an outsourcing boom as companies worldwide look to cut costs at home to stay competitive.

A large English-speaking engineering workforce and wages at nearly one-fifth of western salaries have helped Indian companies attract outsourcing deals over the past decade.

At 0610 GMT shares in Satyam, whose customers include General Electric , were up 3.32 percent at 429 rupees, while TCS was 0.24 percent higher at 1,064.80 rupees in a firm Mumbai market.