India IPO Watch: Issues announced, likely in future

[K.Karthik Raja]

India IPO Watch: Issues announced, likely in future
Friday, Jul 4
.
MUMBAI - Public issues likely to hit Indian equity market in the
future:
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ISSUES ANNOUNCED
================
Issuer Size Face Price Issue
Lead
Shares:Rupees Value Band Period
Manager
(mln) (rupees) (rupees)
.
Edserv Softsystems 4.1: N.A. 10 55-60 -
Keynote
.
Resurgere Mines 4.45: N.A. 10 - -
Motilal
& Minerals India
Oswal
.
.
ISSUES LIKELY BY JULY-END
=========================
* UTI Mutual Fund's 48.5-mln-shr issue.
* Avestha Gengraine Technologies' 2.5-bln-rupee issue to partially
fund
4.10-bln-rupee, three-year expansion plan.
* BPTP's 15-bln-rupee issue for part-financing its projects.
* Coal India's likely 45-bln-rupee issue. Company will ask government
to divest
5% stake.
* Dainik Bhaskar's 10-bln-rupee issue likely in February. To dilute
10% equity.
* Endurance Systems' issue to fund expansion, buyouts.
* Fineotex Chemical sets price band of 35-42 rupees for each shares of
face
value 10 rupees.
* Floriana Group to raise funds for 50-bln-rupee expansion plan.
* Gujarat State Petroleum to raise 44.7 bln rupees.
* ICICI Bank's stock broking arm ICICI Securities' issue to dilute 15%
stake.
* ICICI Bank's demerged arm ICICI Holdings' issue to fund its
insurance
business.
* International Tractors' 8-bln-rupee issue.
* Issue of state-owned North Eastern Electric Power Co.
* Oswal Woollen Mills may raise 1.5 bln rupees via IPO.
* Issue of Pipavav Shipyard, majority-owned by four US-based equity
investors,
to raise over 10 bln rupees.
* Pratibha Shipping to dilute 25-30% stake via public issue.
* Pride Hotels plans issue by March to partly fund 3.4-bln-rupee
expansion.
* Public sector non-life insurance firm Oriental Insurance issue
likely.
* Pyramid Saimira Theatre arm Pyramid Saimira Productions plans to
raise
1.5 bln rupees through an initial public offer by February.
* RPG Enterprises' issue to fund retail operations and expansion.
* Reliance Communications to offload 10% in Reliance Telecom
Infrastructure
through public issue.
* Sahil Group's issue to part-finance 10 bln rupees expansion plans.
* Bangalore-based Shriram Properties' 9-bln-rupee issue.
* Chennai-based financial software testing firm ThinkSoft Global issue
likely.
* UAE Exchange and Financial Services' issue to raise around 1 bln
rupees.
* Venus Records and Tapes' issue to raise 5 bln rupees.
* VHB Life Sciences may raise 4 bln rupees via IPO.
* Vijayanand Road Lines' 3-bln-rupee issue for expansion.
.
.
DRAFT RED HERRING PROSPECTUS FILED SINCE APRIL
==============================================
* Cellebrum Technologies' 11.2-mln-share issue. DRHP filed: Jun 30.
* RITES' 14-mln-share issue. DRHP filed: Apr 1.
* VRL Logistics' 27-mln-shr issue. Each share has face value 10
rupees. DRHP
filed: Apr 2.
* Ajanta Manufacturing's 10-mln-share issue. Each share has face value
of 10
rupees. DRHP filed: Apr 15.
* Vijai Infrastructure's 6.2-mln-share issue. Each share has face
value of 10
rupees. DRHP filed: Apr 30
* Adani Enterprises arm Adani Power's 296.95-mln-share issue. Each
share has
face value 10 rupees. DRHP filed: May 2
* Infinite Computer Solutions' 11.5-mln-share initial public offer.
Each
share has face value of 10 rupees. DRHP filed: May 12
* Triveni Infrastructure Development Co's 8-mln-share issue to raise
nearly 4
bln rupees for acquisition of land for residential and commercial
projects.
DRHP filed: May 16
* Godrej Properties' 9.43-mln-share issue. DRHP filed: June 3
* Raj Oil Mills' 11-mln-share issue. DRHP filed: Jun 13
* C Mahendra Exports' 13-mln-share issue. Face value 10 rupees each.
.
.
DRAFT RED HERRING PROSPECTUS FILED in 2007-08 (APR-MAR)
=======================================================
* Afcons Infrastructure's 16.06-mln-share issue to raise 2.5 bln
rupees.
DRHP filed: Jan 9, 2007.
* Veena Industries to issue 4.6 mln shares. DRHPP filed: Apr 11, 2007.
* Uma Precision to issue 4 mln equity shares. To raise 900 mln rupees
for
expansion. DRHP filed: Apr 19, 2007.
* Brahamputra Consortium to issue 4.2 mln equity shares of 10 rupees
each.
DRHP filed: May 10, 2007.
* Kamayani Patientscare India to issue 10.3 mln shares to raise 190.57
mln
rupees. DRHP filed: Jun 29, 2007.
* Ramsarup Lohh Udyog to issue 30 mln shares of face value 10 rupees
each.
DRHP filed: Jul 9, 2007.
* Midvalley Entertainment to issue 9 mln shares of face value 10
rupees each.
DRHP filed: Jul 12, 2007.
* RNS Infrastructure to issue 21.66 mln shares with a face value of 10
rupees
each. DRHP filed: Jul 17, 2007.
* Globus Spirits to issue shares worth 680 mln rupees of face value 10
rupees
each. DRHP filed: Jul 20, 2007.
* Porwal Auto Components to issue 5 mln shares of face value 10 rupees
each.
DRHP filed: Aug 10, 2007.
* Somi Conveyor Beltings' 218-mln-rupee issue. Each share has a face
value of
10 rupees. DRHP filed: Aug 21, 2007.
* Tecpro Systems 7.3-mln-share issue. Each share has a face value of
10 rupees.
DRHP filed: Aug 28, 2007.
* Alkali Metals' 3.85-mln-share issue. Each share has a face value of
10 rupees. DRHP filed: Sep 6, 2007.
* Khadim India's 5.5-mln-share issue. Each share has a face value of
10 rupees.
DRHP filed: Sep 12, 2007.
* Rithwik Projects' 5.2-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Sep 24, 2007.
* Neel Metal Products' 5.2-mln-share issue. Each share has face value
10 rupees. DRHP filed: Sep 25, 2007.
* Elysium Pharmaceuticals' 6.7-mln-share issue. Each share has face
value 10
rupees. DRHP filed: Sep 26, 2007.
* NKG Infrastructure's 6.3-mln-share issue. Each share has face value
10 rupees. DRHP filed: Sep 27, 2007.
* TCG Life Sciences' 9.5-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Oct 1, 2007.
* Vijai Infrastructure's 6.2-mln-share issue. Each share has face
value 10
rupees. DRHP filed: Oct 1, 2007.
* Ybrant Technologies' 3.5-mln-share issue. Each share has face value
10
rupees. DRHP filed: Oct 3, 2007.
* Austral Coke & Projects' 10-mln-share issue. Each share has face
value 10
rupees. DRHP filed: Oct 3, 2007.
* Prince Foundations' 5.7-mln-share issue. Each share has face value
10 rupees.
DRHP filed: Oct 3, 2007.
* Surya Food and Agro's 1.36-bln-rupee issue. Each share has face
value of
10 rupees each. DRHP filed: Oct 31, 2007.
* Vascon Engineers' 10.68-mln-share issue. Each share has face value
of 10
rupees. DRHP filed: Nov 15, 2007.
* Acme Tele Power's 17.28-mln-share issue. Each share has face value
of 2
rupees. DRHP filed: Nov 28, 2007.
* Mandhana Industries' 4.03-mln-share issue. Each share has face value
10
rupees. DRHP filed: Dec 18, 2007.
* Mahindra Holidays and Resorts India's 10.72-mln-share issue in
February.
Each share has face value 10 rupees. DRHP filed: Dec 18, 2007.
* DB Corp's 18.8-mln-share issue. DRHP filed: Dec 19, 2007.
* Shankara Pipes India's 6.1-mln-share issue. Each share of face value
10
rupees. DRHP filed: Dec 19, 2007.
* Ramky Infrastructure's share issue to raise 4 bln rupees. DRHP
filed: Dec
19, 2007.
* Xenitis Infotech's 10-mln-share issue to finance West Bengal unit's
capacity
expansion. DRPH filed: Dec 3, 2007.
* Chemcel Biotech's 15.4-mln-share issue. Each share of face value 10
rupees
to be offered at 14-16 rupees. DRHP filed: Jan 2.
* Jaiprakash Power Ventures' 104-mln-share issue. Each share has face
value
10 rupees. DRHP filed: Jan 10.
* Nu Tek India's 4.5-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Jan 16.
* Sea TV Network's 10-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Jan 18.
* PNC Infratech's 6-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Jan 18.
* Virgo Engineers' 2.4-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Jan 21.
* Ashoka Buildcon's 8.1-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Jan 23.
* Cox and Kings India's 8.7-mln-share issue. Each share has face value
10
rupees. DRHP filed: Jan 28.
* Reliance Communications subsidiary Reliance Infratel's 89.16-mln-
share
issue. Each share has face value 10 rupees. DRHP filed: Feb 4.
* Microsec Financial Services Ltd's 1.6-bln-rupee share issue. Each
share has
a face value of 10 rupees each. DRHP filed: Feb 6.
* Multi Commodity Exchange of India's 10-mln-share issue. Each share
has face
value 5 rupees. DRHP filed: Feb 22.
* Future Ventures India's 3.73-bln-share issue. To raise 25 bln
rupees. DRHP
filed: Feb 25
* ARSS Infrastructure Projects' 1.2-bln-rupee issue. DRHP filed: Feb
26
* Vishal Information Technologies' 2.79-mln-share issue. DRHP filed:
Mar 13
* Apollo Group unit Apollo Health Street's 6.5-mln-share issue. Each
share
has face value 10 rupees. DRHP filed: Mar 19.
* Chiripal Industries' 14.22-mln-share issue. Each share of face value
10
rupees. DRHP filed: Mar 24.
* 20 Microns's 9.42-mln-share issue. Each share has face value 10
rupees.
DRHP filed: Mar 25.
* Bharat Oman Refineries' 38.5-bln-rupee issue. DRHP filed: Mar 28.
.
.
ISSUES LIKELY BY DECEMBER
=========================
* Issue of Air-India, merged entity of Air-India and Indian Airlines,
likely
in second-half of 2008. Government to divest 10-15% stake.
* AppLabs Technologies' issue to raise funds for growth, buyouts.
* Bharat Sanchar Nigam's issue may offer 20% of the company's equity.
* Bhilwara Energy's issue.
* Financial Software and Systems' issue to raise 2.5 bln rupees.
* Frankfinn Aviation Services' issue to finance new budget air
carrier.
* Great Eastern Energy Corp Ltd plans initial public offer in the
third
quarter of 2008-09 (Apr-Mar).
* Hot Spot, the mobile retail chain promoted by McorpGlobal Group, to
consider
issue by 2008-end.
* Jindal Power issue.
* JSW group may sell around 10% equity in JSW Energy via a 63-mln-
share issue.
* JSW Infrastructure's 10-bln-rupee issue.
* KLT Automotive & Tubular Products to raise 1.5 bln rupees via issue
during
Oct-Dec.
* Malar Publications plans IPO for radio station Hello FM.
* Hyderabad-based MedPlus Health Services Pvt likely to go in for an
initial
public offer by June 2009 to fund its expansion plan.
* Hero Motors' issue likely by Oct-Dec 2008.
* Lodha Developers' issue to raise over 92 bln rupees around Apr-Jun.
* National Aviation Co of India, holding company of Air India and
Indian
Airlines, may offload 10-15% stake through public issue.
* National Hydroelectric Power Corp's 16.7-mln-share issue by August.
Issue to
not exceed 24% of share capital, will be in tranches in domestic and
international markets.
* Nature's Essence issue to raise 1 bln rupees for expansion.
* State-run Oil India plans to come out with its initial public
offering by Sep.
* PC Jewellers' 3.5-bln-rupee issue by October to fund expansion.
* Pest Management and Consultants India's issue to raise 420 mln
rupees.
* California-based Photon Infotech's issue to raise 1.5 bln rupees.
* PNB Housing Finance's issue to fund business growth.
* Ratnagiri Gas and Power Private's initial public offer to raise 10
bln rupees.
* Seaways Shipping's issue.
* Sri Biotech Laboratories' 1-bln-rupee issue to fund expansion likely
by June.
* Retail chain Subhiksha's issue to dilute current shareholders stake
to 10%.
* Biocon subsidiary Syngene International's issue for expansion to
raise 3 bln
-4 bln rupees; issue likely by August.
* Tejas Networks India's issue to fund global expansion.
* United Bank of India will consider IPO after restructuring.
.
.
ISSUES LIKELY BY MAR 2009
=========================
* Avesthagen.
* Damodar Valley Corp to tap capital market through special purpose
vehicle.
* DT Cinemas' issue to raise funds for adding more screens.
* GoAir may consider issue, private placement.
* Indian Railway Finance Corp's issue to fund capital expansion.
* Kesari Tours and Travels may raise 1 bln rupees via private
placement, public
issue to part-finance expansion.
* John Energy's issue to fund expansion.
* Jewellery retailer Joyalukkas Group's issue to fund expansion.
* Kingfisher Airlines issue likely after December 2008.
* Lal Mahal Group's issue to fund growth plan.
* ONGC may launch IPO of its special purpose vehicle Kakinada Refinery
and
Petrochemicals Ltd. for part-financing the 180-bln-rupee project.
* People Interactive's issue to finance buys in online and communities
spaces.
* Punjab and Sind Bank's issue.
* Issue for Reliance Communications' tower company.
* Reliance Haryana SEZ's issue by Reliance Industries Ltd. and Haryana
State
Industrial Development Corp.
* Sahara Infrastructure and Housing.
* SPS Steel and Power's issue to raise 5-6 bln rupees for expansion.
* Gujarat Pipavav Port planning to either tap the capital market with
an
public offer or private placement of shares by Dec-end.
.
.
ISSUES LIKELY AFTER MAR 2009
============================
* Housing Development Finance Corp arm HDFC Standard Life Insurance's
public
issue.
* Indian Railways plans to raise 15 bln rupees via issues of its three
profit-
making companies--IRCON, IRCTC, RailTel.
* Sarovar Hotels plans issue by 2010-11 (Apr-Mar).
* State Bank of India may list insurance arm in 2009-10.
* Larsen & Toubro may launch IPOs for its arms--L&T Infotech, IDPL and
L&T
Finance.
.
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OTHER ISSUES LIKELY, TIME FRAME NOT SPECIFIED
=============================================
* Tata Capital IPO when market, company's size right, says Chairman
Tata.
* Punjab & Sind Bank may opt for IPO or PE placement to raise funds.
* Aditya Birla Retail's public issue in few years.
* Aircel Cellular, owned by Malaysia's Maxis Communications Berhad.
* Bharti Infratel, Bharti Airtel's tower company.
* Bombay Stock Exchange's issue likely before March.
* Bharti Teletech, arm of Bharti Airtel.
* Brandhouse Retails, S. Kumars Nationwide group company.
* Big Bazaar may consider issue to fund expansion.
* Cochin Shipyard seeks government nod for issue.
* Euro Multivision's 8.8-mln-share issue to fund new unit.
* GMR Group to raise $500 mln via issue to fund ultra mega power
project and
other power units in India.
* Hindustan Paper's issue to raise funds for a new paper unit at
Sultanpur,
Uttar Pradesh.
* Hindustan Petroleum may raise funds for Vizag refinery expansion.
* Infrasoft Technologies, which earlier put off listing due to
volatile market.
* Man Industries plans public issue of its real estate arm.
* Mumbai University's issue.
* Nahar Industries' issue.
* Issue of Orissa Manganese and Minerals, Adhunik Metaliks' 100%
subsidiary.
* Parsvnath SEZ's issue.
* Reliance Telecom Infrastructure's issue.
* S Kumars Nationwide arm Brandhouse Retails plans new retail format
outlets,
mulls issue to raise funds.
* Shipping Corp of India to foray into shipbuilding via joint venture,
raise
funds through public issue.
* Tata Communications retail arm may consider IPO.
* Tata Motors arms HV Axles and HV Transmissions' public issues.
.
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DRHP - Draft Red Herring Prospectus
BRLM - Book Running Lead Managers
Size - Shares offer, in mln, rounded off to the nearest hundred
thousand
Size - Rupees - Expected IPO mop-up, in mln rupees;
.
Lead Managers:
ABN = ABN AMRO Securities (India)
Allbank = Allbank Finance
Allianz = Allianz Securities
Ambit = Ambit Capital
Anand = Anand Rathi Securities
A.K. = A.K. Capital Services
Ashika = Ashika Capital
Axis = Axis Bank
Bajaj = Bajaj Capital
Big = BigShare Services
BOB = BOB Capital Market
Cent = Centrum Financial Services
Char = Chartered Capital and Investment
Citi = Citigroup Global Markets (India)
Collins = Collins Stewart Inga Pvt Ltd
Deut = Deutsche Equities India Pvt Ltd
DSP = DSP Merrill Lynch
Edel = Edelweiss Capital
Enam = Enam Financial Consultants
Fort = Fortune Financial Services India
Gold = Goldman Sachs India
HSBC = HSBC Securities & Capital Markets India
I-Sec = ICICI Securities
IL&FS = IL&FS Investsmart India
IOB = Indian Overseas Bank
Inga = Inga Advisors
JMMS = JM Morgan Stanley
JP = JP Morgan India
Karvy = Karvy Investor Services
Khandwala = Khandwala Securities
KJMC = KJMC Global Markets India
Kotak = Kotak Mahindra Capital Co.
Key = Keynote Corporate Services
Lehman = Lehman Brothers Securities
Micro = Microsec Capital
PNB = Punjab National Bank
Rel = Religare Securities
RR = RR Financial Consultants
SBI = SBI Capital Markets
SREI = SREI Capital Markets
SSKI = SSKI Corporate Finance
Sys = Systematix Corporate Services
UBS = UBS Securities India
UTI Sec = UTI Securities
Vivro = Vivro Financial Services
YES = YES Bank. End
.

[K.Karthik Raja]

India IPO Watch: Issues announced, likely in future

Monday, Jul 7