Ipo Closing Today

1) Advanta India Ltd

Opening Date: 26-03-2007
Closing Date: 30-03-2007

IPO Opening Today

1) Ammana Bio Pharma

Opening Date: 28-03-2007
Closing Date: 05-04-2007

Reliance Communication Starts FLAG Tele IPO Process

Mumbai: Reliance Communications has shortlisted four merchant banks for the initial public offer of its overseas subsidiary FLAG Telecom, which operates a global fibre optic cable network. RCom will select from among Goldman Sachs, Morgan Stanley, Deutsche Bank and UBS to lead manage the IPO, said sources. RCom will divest around 10-15 per cent stake in FLAG, which will list again on London Stock Exchange. The IPO proceeds will part-fund a $1.5 billion expansion plan for FLAG that involves the addition of 50,000 kms of Next Generation Network' over the next three years. RCom is also mulling an additional landing station for FALCON in Thiruvananthapuram in Kerala that will connect the Maldives.

Ipo Closing Today

1) TempletonFHF SII 3IP

Opening Date : 19-mar-2007
Closing Date : 26-mar-2007

2) TempletonFHF SII 3MP

Opening Date : 19-mar-2007
Closing Date : 26-mar-2007

Ipo Closing Today

1) Can FMP S13 M SR1

Opening Date : 16-mar-2007
Closing Date : 23-mar-2007

2) DSB Chola Hedged Eq

Opening Date : 01-mar-2007
Closing Date : 23-mar-2007

3) HSBC FTF S - 27

Opening Date : 21-mar-2007
Closing Date : 23-mar-2007

4) HSBC FTF S - 27 IP

Opening Date : 21-mar-2007
Closing Date : 23-mar-2007

5) Reliance FHF S1 - 27 AP3

Opening Date : 21-mar-2007
Closing Date : 23-mar-2007

6) Reliance FHF S1 - 27 AP3IP

Opening Date : 21-mar-2007
Closing Date : 23-mar-2007

IPO's Opening Today

1) Orbit Corporation

Opening Date : 20-Mar-2007
Closing Date : 23-Mar-2007


2) ICRA Ltd.

Opening Date : 20-Mar-2007
Closing Date : 23-Mar-2007

Fortis Health Signs Rs 87-cr Pre-IPO Deal

Fortis Healthcare has signed a pre-IPO agreement with Trinity Capital (Eight) Ltd for 6 million shares for Rs 87 crore. The equity shares issued pursuant to the pre-IPO agreement shall be subject to lock-in after the completion of the IPO, as per SEBI regulations. Fortis has already entered into two other pre-IPO agreements. The first was for 11.92 million equity shares, with private equity firms Quantum (M) Ltd and Blue Ridge Ltd Partnership and Blue Ridge Offshore Master Ltd Partnership (Blue Ridge) for $33.33 million end of last year. The second agreement with Lord Bagri, Apurv Bagri of Metdist Group (a million shares each) and Trinity Capital (2 million shares) for 4 million shares at an investment of Rs 56 crore. At present, Fortis has 11 hospitals, most of them situated in North India, but the company hopes to have a pan India presence after the IPO. These include new greenfield projects and medical institutions.

Orbit Corp To Float IPO On March 20

Mumbai: Real estate construction and development company Orbit Corporation Ltd is foraying the capital market with an initial public offering of 91 lakh equity shares of Rs 10 each in the price band of Rs 108-117 per share. The issue opens on March 20 and closes on March 23. The company is also issuing one detachable warrant per equity share to be converted after 18 months. The issue will constitute 25.09% of the fully diluted post-issue share capital of the company prior to the exercise of detachable warrants and 40.11% after the conversion of detachable warrants, assuming they are fully exercised. The issue is being made via a 100% book building process where at least 50% of the issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs); out of which 5% shall be available for allocation to mutual funds.

CIL Likely To Hit Mkt With IPO

New Delhi: Coal India Ltd (CIL) is hoped to hit the market with its much-waited IPO before the end of the first quarter or the starting of the second quarter of the 2007-08 fiscal. The exercise is likely to pass political muster since it will not be a disinvestment in the traditional sense but issue of fresh capital. The move follows the recent call from the Prime Minister, Dr Manmohan Singh, to the public sector enterprises to get listed on bourses, which may lead to unleashing of their entrepreneurial capabilities. Having converted all its subsidiaries into profit-making entities, CIL now mulls to hit the capital market with a public offer of five per cent of the paid-up capital through the book-building route. The intention is to mop up Rs 4,000-4,500 crore. The company will be sending a letter to the Ministry on the issue very soon. As a matter of priority, the first step will be to fill up the posts of independent directors in CIL and all its subsidiaries. CIL has an equity base of Rs 6,316 crore. It is the holding company of seven coal producing companies. They are: Northern Coalfields Ltd, South Eastern Coalfields Ltd, Western Coalfields Ltd, Mahanadi Coalfields Ltd, Eastern Coalfields Ltd, Bharat Coking Coal Ltd and Central Coalfields Ltd. CIL is also the holding company of Coal Mining and Development Planning Institution, the R&D arm. CIL is likely to go public and not its subsidiaries. During April-January this fiscal, CIL and subsidiaries posted an aggregate pre-tax profit of more than Rs 5,800 crore. At this rate, the aggregate profit of coal companies for the full fiscal is expected to exceed the target of Rs 7,043 crore on a pre-tax basis.

IPO's Closing Today

1- Gremach Infrastructure.

Opening Date : 08-Mar-2007
Closing Date : 14-Mar-2007

IPO's Opening Today

1- Vimal Oil & Food

Opening Date : 14-Mar-2007
Closing Date : 23-Mar-2007

Zylog Systems To Float IPO To Fund Expansion

Chennai: Zylog Systems Ltd mulls to foray the capital market with an initial public issue of 36-lakh equity shares of Rs 10 each through the book-building route. Funds raised will be used to part finance the company's expansion plans. Zylog Systems is infusing about Rs 66 crore to establish two offshore development centres at Sholinganallur and Siruseri. It gives client specific technology services such as application development, enterprise infrastructure management and quality assurance and testing. It concentrates on industry verticals such as telecom, banking and financial services and retail. The company has registered the draft red herring prospectus with the SEBI.

Idea Cellular’ IPO listed With 13.33% Premium

Idea Cellular, an Aditya Birla Group company, currently operates in 11 Circles of India, has listed at Rs 85, with 13.33% premium over its offer price of Rs 75 per share.At 10:47 am, the share was trading at Rs 87.70, up 12.707%, with volumes of 32,086,718 shares on the BSE; touched an intraday high of Rs 92.40 and low of Rs 84.00.Idea Cellular added 5.68 lakh GSM users in February versus 6.29 lakh in January. It is close to signing a USD 500 million IT deals with IBM - Mint.
The stock is available in NSE F&O segment with futures lot size of 2700 shares.

IPO's Opening Today

1) Gremach Infrastructure

Opening Date : 08-Mar-2007
Closing Date : 14-Mar-2007

IPO's Closing Today

1- Tubeknit Fashions Ltd.

Opening Date : 21-Feb-2007
Closing Date : 02-Mar-2007

IPO's Closing Today

1- Abhishek Mills Ltd.

Opening Date : 20-Feb-2007
Closing Date : 01-Mar-2007