Nu Tek India Limited IPO

Nu Tek India Limited IPO
July 29, 2008 to August 01, 2008Rs 170/- to Rs 192/-Public Issue Size: 4,500,000 Equity Shares of Rs. 10/-

LOTUS EYE CARE HOSPITAL LIMITED

New IPO
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES

TODAY NEW LISTING : GOKUL(532980) & ANUS LAB(532981)

Godrej Properties IPO - Files for DRHP with SEBI

About Godrej Properties
Godrej Properties was established in 1990 as a real estate development company within the Godrej Group of businesses. The company was originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985. godrej properties logo

The company’s name was changed to Godrej Properties and Investments Private Limited on July 2, 1990 and subsequently to Godrej Properties Limited on November 23, 2004. Since 1897, customers have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products.
About Godrej Properties IPO Details
Godrej Properties, one of the leading real estate development companies in India, proposes to enter the capital markets to raise necessary funds for the company’s expansion plans and has filed a draft red herring prospectus with SEBI.The company proposes an initial public offering of 9,429,750 equity shares of Rs 10 each through 100% book building process to part finance this plan.

Niraj Cement Structurals Limited

Niraj Cement Structurals Limited
Bid Details *
Category - No.of Shares - Offered/Reserved - No.of Shares Bid For - Oversubscription Rate
Non-Institutional Investors 438750 1759920 4.01
Qualified Institutional Buyers 1462500 N/A 0.00
Reservation 325000 1020 0.00
Retail Individual Investors 1023750 3895680 3.81

Bafna Pharmaceuticals IPO opens for subscription

Bafna Pharmaceuticals will open for subscription today with its public issue of 64,00,000 equity shares of Rs 10 each at a price of Rs 40 per equity share (including share premium of Rs 30 per equity share) for cash aggregating Rs 25.60 crores .

The issue will constitute 40.05% of the post issue paid-up capital of the company. The issue price is 4 times of the face value. The shares are proposed to be listed on the BSE.

Objects of the issue are as follows:

* Brand building in domestic markets Rs 10.44 crore.
* Part payment of loan from SBI Rs 4 crore.
* Brand building in international markets Rs 3.03 crore.
* Setting up R&D facilities Rs 3 crore.
* MHRA Accrediation Rs 1.08 crore.
* Public Issue expenses Rs 2.05 crore.

Cameo Corporate Services is the Registrar to the Issue.

Ashika Capital and Keynote Corporate Services are the Lead Managers to the Issue.

Niraj Cement IPO opens for subscription

Niraj Cement Structurals, an engineering and construction company, will open for subscription today with an initial public offering, IPO of 32,50,000 equity shares of face value Rs 10 each on May 26, 2008. The price band has been fixed at Rs 175-Rs 190 per equity share. The issue will close for subscription on May 30, 2008.

Niraj Cement Structurals, an engineering and construction company, will enter the capital market with an initial public offering, IPO of 32,50,000 equity shares of face value Rs 10 each through 100% book building process on May 26, 2008. The price band has been fixed at Rs 175-Rs 190 per equity share. The issue will close for subscription on May 30, 2008.

The issue price is 17.5 times the face value at the lower end of the price band and 19 times the face value at the higher end of the price band.

The issue comprises a reservation for eligible employees of 3,25,000 equity shares and net issue to the public of 29,25,000 equity shares. The issue would constitute 31.42% of the total post issue paid-up equity capital of the company.

The company proposes to utilize the net proceeds of the issue to finance its plan for investment in capital equipment on a recurring basis, fund long term working capital requirements for general corporate purposes.

Niraj is catering to road projects and has capability to execute various road construction projects. Its major clients include Orissa Work Govt. Dept, Indore Development Authority, Jaipur Development Authority, Kidco and New Mangalore Port Trust. Its present areas of operations are road construction and other infrastructure related works including providing EPC services. The company's total turnover for FY2008 was Rs 92.86 crore and PAT at Rs 6.52 crore.

The equity shares offered through this issue are proposed to be listed on the BSE. The issue has been graded by CARE and has been assigned the ‘CARE IPO GRADE 1’.

The Book running lead manager to the issue is Allbank Finance Limited and Intime Spectrum Registry Limited is registrar.

Latest Grey Market Premium Dt. 26-5-2008

Latest Grey Market Premium Dt. 26-5-2008

Company Name Offer Price Premium Kostak
(Rs.) Rs.) (Rs. 1 Lac.)
Gokul Refoils 195 12 to 15 ---
Anus Laboratories 210 30 to 35 --
Niraj Cement 175 to 190 15 to 17 1700 to 1800
Bafna Pharmaceutical 40 8 to 10 1900 to 2000
(Fixed Price)

CRISIL assigns IPO grade 5/5 to MCX

CRISIL has come out with a research report on Multi-Commodity Exchange of India's IPO. It has assigned a CRISIL IPO Grade 5/5 to the company's IPO. The company proposes an IPO in the form of an offer for sale of 4 million shares by the promoters and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters' stake in the company will reduce to 26.1 per cent.

CRISIL's report on Multi- Commodity Exchange of India's IPO:

CRISIL has assigned a CRISIL IPO Grade 5/5 to the proposed initial public offer of Multi-Commodity Exchange of India (MCX). This grade indicates that the fundamentals of the issue are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

CRISIL expects MCX to maintain its dominant market position in the commodities market, backed by product innovation and strong technological capabilities. Currently, MCX enjoys market leadership, with a share of 77 per cent in volumes traded on commodities exchanges in India. The company has consciously focused on commodities such as bullion, energy and metals, which are benchmarked to international prices. The high liquidity in these commodities and the low impact costs (comparable to other leading exchanges), along with MCX’s strong technological capability - aided by its association with the promoter, FTIL, a leader in exchange related technology - are expected to help the company maintain its competitive advantage. MCX’s profitability and return indicators have been strong in the past 4 years.

Growth is likely to moderate in the short term due to the impact of the commodity transaction tax (CTT). However, in the medium term, MCX’s strong market position and continuous focus on product innovation would act as growth drivers. In the long term, growth could be spurred by the introduction of new instruments (like options) and participation by institutional players, once the necessary regulatory changes are in place. Mr Jignesh Shah, the founder and Non-Executive Vice Chairman and Mr Joseph Massey, the MD & CEO of MCX, have been the driving force behind the company’s business growth and product innovation. MCX also benefits from a strong and experienced senior management team as well as a highly capable product innovation and development team.

About the company and the issue

Multi-Commodity Exchange of India Pvt Ltd. was incorporated on April 19, 2002. The proposed IPO is in the form of an offer for sale of 4 million shares by the promoters and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters' stake in the company will reduce to 26.1 per cent.

On September 26, 2003, MCX received permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for commodity futures markets across the country. MCX offers trading in 56 different commodities categorised into various market segments such as bullion, energy, ferrous and non-ferrous metals, oil and oil seeds, cereals, pulses, plantations, spices, fibre and others. The company has leadership position in bullion, energy and
metals trading in India.

Of the company's total turnover, bullion accounts for 53 per cent, metals for 28 per cent, energy for 16 per cent and agricultural commodities account for the rest. Globally, MCX is the largest silver exchange, second-largest natural gas exchange, third-largest gold, crude oil and copper exchange in terms of number of contracts traded in each of these commodities. MCX was the first exchange to launch futures trading in steel, crude oil and plastics in India. The company has launched weather indices such as RAINDEX - to track the progress of monsoon rains in locations such as Mumbai, Indore and Jaipur - and also trading in carbon credits on the exchange. MCX was also the first exchange to initiate evening trading sessions to coincide with trading on international exchanges such as London, New York and other international markets. The company's initiative to constantly innovate and develop new products is expected to help increase volumes.

For the year ended March 31, 2007, MCX reported a net profit of Rs 930 million on a turnover of Rs 2 billion, as compared with a net profit of Rs 375 million and revenues of Rs 1 billion in the previous year.

Bafna Pharmaceuticals Ltd.

Bafna Pharmaceuticals Ltd.
Bafna Towers, No. 299, Thambu Chetty Street, Chennai (Madras), Tamil Nadu - 600001
Phone: 25267517 / 25270992 Fax: 25231264

Public Issue of 64,00,000 equity shares
of Rs 10 each for cash at a
premium of Rs 30 per share.
Issue details

Issue open Issue close
27 May, 2008 30 May, 2008

Issue price (Rs) Total size (Rs)
40.00 25.60 Crores

QIB Non-Institutional Retail Employee
- - 64,00,000 -


Lead Managers Registrar
KEYNOTE CORPORATE SERVICES LTD
CAMEO CORPORATE SERVICES LTD
Subramanian Building, No.1, Club House Road, Chennai (Madras), Tamil Nadu - 600002
Phone: 28460390 Fax: 28460129

Niraj Cement Structurals Ltd.

Niraj Cement Structurals Ltd.
Niraj House, Sunder Baug, Opp. Deonar Depot, Mumbai, Maharashtra - 400088
Phone: 25513750/ 25513541 Fax: 25518736

Public Issue of 32,50,000 equity shares
of Rs 10 each for cash at a
premium of Rs 180 per share.
Issue details

Issue open Issue close
26 May, 2008 30 May, 2008

Issue price (Rs) Total size (Rs)
190.00 61.75 Crores

QIB Non-Institutional Retail Employee
14,62,500 4,38,750 10,23,750 3,25,000


Lead Managers Registrar
ALLBANK FINANCE LTD
INTIME SPECTRUM REGISTERY LTD
C-13, PANNALAL SILK MILLS COMPOUND, LBS MARG. KANTILAL MAGANLAL INDUSTRIAL ESTATE, BHANDUP (W), Mumbai, Maharashtra - 400078
Phone: 25960320 (9 lines) Fax: 25960329/28

Coming soon

Company Open Date Close Date Issue Price (Rs)
Niraj Cement Structurals Ltd. May 26, 08 May 30, 08 190.00
Bafna Pharmaceuticals Ltd. May 27, 08 May 30, 08 40.00

Issues Closed, yet to be Listed

Issue Name Sector Cut Off Price Retail Subscription (times) Likely Date of Listing
Vimal Oil & Foods Limited Food Products N/A N/A N/A
MindTree Limited IT 425 1.37 N/A
Broadcast Initiatives Limited Media and Entertainment 120 0.01 N/A
Idea Cellular Limited Telecom 75 3.87 N/A
Tubeknit Fashions Limited Textiles 108 0.21 N/A
Ammana Bio Pharma Limited Chemicals 14 0.37 N/A
SVPCL Limited Printing and Stationery 45 2.24 N/A
Gokul Refoils and Solvent Limited Food Products 195 5.59 N/A
Anu`s Laboratories Limited Chemicals 210 9.64 N/A

UTI plans to renew its $500mn IPO

India's second largest mutual fund firm- UTI Asset Management Company Pvt Ltd plans to renew its $500mn IPO, which has been delayed earlier this year due to heavy decline of the Indian stock market.

The UTI executives will meet investors next week to judge the market interest. They will meet in Mumbai on Monday and in Singapore on Tuesday followed tentatively by presentations in Hong Kong, London and New York.

Citigroup, Enam Securities and JM Financial are sponsoring the deal.

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MCX may postpone its IPO

Multi Commodity Exchange (MCX) is still not decided on the public issue following the uncertain conditions prevailing in commodity futures markets in India following the ban on certain commodities. It may postpone the IPO thanks to ban in futures trading in some commodities and the likely introduction of the commodities transaction tax.
MCX had planned to raise Rs 500 crore through the proposed issue.