With markets on a roll Anil Ambani has made quite a killing not just for himself but for investors as well. Now he is planning a new Initial Public Offering (IPO) for his power subsidiary and as expected it is going to be in billions. Reliance Energy plans to increase its capacity to 25,000 MW over the next 5-7 years. To fulfill its ambition the company is now seeking helping an hand from Dalal Street. According to sources Reliance Energy is planning an IPO for its subsidiary Reliance Power. The company plans to file DRHP of Reliance Power soon and is planning to raise $2.5-3 billion. It has also appointed Enam, JM Financial, JPMorgan, Kotak and UBS as merchant bankers.
Reliance Power has been asked by the government to hand over Sasan project within the next four years. The estimated cost for Sasan project is seen at Rs 20,000 crore. The buck does not stop here, the company has also lined up some mega investment plans. Reliance Power is planning to invest Rs 40,000 crore in ultra mega power projects. It is actively considering to-bid for 4,000 MW Krishnapatnam project also. Reliance Energy stock has gained 148 per cent in the last one year outperforming the benchmark indices by a wide margin. Brokerages after the sharp run-up have turned cautious. However many believe there is huge potential of value unlocking within the stock if the management decides to hive off EPC business into separate entity.
Saturday, September 29, 2007
Friday, September 28, 2007
Thursday, September 27, 2007
Wednesday, September 26, 2007
Tuesday, September 25, 2007
Friday, September 21, 2007
NHPC Powering Ahead With IPO
Under the leadership of SK Garg, NHPC is placed to give tough competition to its PSU peer NTPC. About a decade ago there were talks doing the rounds that NTPC will take over NHPC but now the times have changed not only in terms of power generation but also in terms of fetching almost same amount of money from public to fund its expansion plans. NHPC will dilute 24 per cent stake in the IPO, which will be launched between January-March next year.
"We have a mandate for selling 24 per cent, but in the last quarter of this fiscal we hope to launch an initial public offer for 10 per cent and an additional five per cent disinvestments of government stake in the firm," said SK Garg, CMD, NHPC.Right now the company is fully owned by the government and with the paid up capital of Rs10,600 crore of NHPC and going by the face value, the IPO of 15 per cent would raise a minimum of Rs 1,700 crore and the fundamentals of NHPC may attract a huge premium for its IPO.
Present capacity of NHPC is 4,300 MW and it plans to add another 5,200 MW in Eleventh Plan. It has also lined up 14 projects to augment its generation capacity and that is not all. NHPC has well laid plan for funding its capex. It has outlined a capital expenditure of about Rs 30,000 crore and government's budgetary support would be to the tune of Rs 6,000 crore. It already has two lines of credit worth Rs 9,000 crore with LIC.
"We have a mandate for selling 24 per cent, but in the last quarter of this fiscal we hope to launch an initial public offer for 10 per cent and an additional five per cent disinvestments of government stake in the firm," said SK Garg, CMD, NHPC.Right now the company is fully owned by the government and with the paid up capital of Rs10,600 crore of NHPC and going by the face value, the IPO of 15 per cent would raise a minimum of Rs 1,700 crore and the fundamentals of NHPC may attract a huge premium for its IPO.
Present capacity of NHPC is 4,300 MW and it plans to add another 5,200 MW in Eleventh Plan. It has also lined up 14 projects to augment its generation capacity and that is not all. NHPC has well laid plan for funding its capex. It has outlined a capital expenditure of about Rs 30,000 crore and government's budgetary support would be to the tune of Rs 6,000 crore. It already has two lines of credit worth Rs 9,000 crore with LIC.
IPO Closing Today
1) Consolidated Construction Consortium Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
2) Koutons Retail India Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
Opening Date: 18/09/2007
Closing Date : 21/09/2007
2) Koutons Retail India Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
Tuesday, September 18, 2007
IPO Opening Today
1) Consolidated Construction Consortium Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
2) Koutons Retail India Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
Opening Date: 18/09/2007
Closing Date : 21/09/2007
2) Koutons Retail India Ltd.
Opening Date: 18/09/2007
Closing Date : 21/09/2007
Friday, September 14, 2007
Tata Motors Mulls IPO For Ancillary Biz
Investors are unhappy with the Tata Motors stock and Tata Motors management is also aware about this fact.
And an aggressive bid for Jaguar and Land Rover will make markets further unhappy, but here is something that could get investors smiling.
Tata Motors is considering IPO for its ancillary subsidiaries-HV Transmissions and HV Axles. The company may also consider a strategic stake sale in ancillary units before IPO.
Tata Motors is planning to de-merge its ancillary subsidiaries by this fiscal-end, moreover it is also eyeing international alliances and external customers for its two divisions.
HV Transmissions is Tata Motors'' Gear Box Division and HV Axles is its Heavy Axle Division, Analysts see some rich valuations in these ancillary units.
HVAL and HVTL revenues are seen in range the range of Rs 200-250 crore and market capitalization for these ancillary units were seen at Rs 2,000 crore each.
Tata Motors stock has given a negative return of 20 per cent in the last one year while the Sensex posted a positive return of 30 per cent.
Analysts see value-unlocking proposal as a positive move by Tata Motors, however they are a bit worried about the fact that auto ancillaries companies are not doing too well on Dalal Street.
And an aggressive bid for Jaguar and Land Rover will make markets further unhappy, but here is something that could get investors smiling.
Tata Motors is considering IPO for its ancillary subsidiaries-HV Transmissions and HV Axles. The company may also consider a strategic stake sale in ancillary units before IPO.
Tata Motors is planning to de-merge its ancillary subsidiaries by this fiscal-end, moreover it is also eyeing international alliances and external customers for its two divisions.
HV Transmissions is Tata Motors'' Gear Box Division and HV Axles is its Heavy Axle Division, Analysts see some rich valuations in these ancillary units.
HVAL and HVTL revenues are seen in range the range of Rs 200-250 crore and market capitalization for these ancillary units were seen at Rs 2,000 crore each.
Tata Motors stock has given a negative return of 20 per cent in the last one year while the Sensex posted a positive return of 30 per cent.
Analysts see value-unlocking proposal as a positive move by Tata Motors, however they are a bit worried about the fact that auto ancillaries companies are not doing too well on Dalal Street.
Thursday, September 13, 2007
IPO Closing Today
1) Power Grid Corporation of India Ltd.
Opening Date: 10/09/2007
Closing Date : 13/09/2007
Opening Date: 10/09/2007
Closing Date : 13/09/2007
Wednesday, September 12, 2007
IPO Closing Today
1) Allied Computers International (Asia) Ltd.
Opening Date: 07/09/2007
Closing Date : 12/09/2007
2) Dhanus Technologies Ltd.
Opening Date: 10/09/2007
Closing Date : 12/09/2007
Opening Date: 07/09/2007
Closing Date : 12/09/2007
2) Dhanus Technologies Ltd.
Opening Date: 10/09/2007
Closing Date : 12/09/2007
Tuesday, September 11, 2007
Monday, September 10, 2007
IPO Opening Today
1) Dhanus Technologies Ltd.
Opening Date: 10/09/2007
Closing Date : 12/09/2007
2) Power Grid Corporation of India Ltd.
Opening Date: 10/09/2007
Closing Date : 13/09/2007
Opening Date: 10/09/2007
Closing Date : 12/09/2007
2) Power Grid Corporation of India Ltd.
Opening Date: 10/09/2007
Closing Date : 13/09/2007
Saturday, September 8, 2007
Koutons Plans IPO For Expansion
As the Indian retail story gets even bigger, garment makers are designing strategies to firmly position themselves on to the ground.Koutons Retail India is one such company set to hit the primary market to fund expansion plans, an initiative that its management says will take the company to the next level.
Koutons plans to raise Rs 130 -146 crore to finance its new manufacturing facility at Gurgaon. Besides, it plans to roll out 140 new outlets across India. Koutons plans to enter the women-wear and kids-wear category under new brands besides marking its presence in premium men-wear clothing. A move the company says will help strengthen its margins. But with cut throat competition and big time capital requirement, it will be a challenge to be able to find its feet in this industry that is growing at a frenzied pace.
Koutons plans to raise Rs 130 -146 crore to finance its new manufacturing facility at Gurgaon. Besides, it plans to roll out 140 new outlets across India. Koutons plans to enter the women-wear and kids-wear category under new brands besides marking its presence in premium men-wear clothing. A move the company says will help strengthen its margins. But with cut throat competition and big time capital requirement, it will be a challenge to be able to find its feet in this industry that is growing at a frenzied pace.
Friday, September 7, 2007
Biyani Mulls IPO For Consumer Credit Biz
Kishore Biyani is inking a brand new strategy for the future of his Future Group. While others are busy rolling out stores and cutting cost he is looking to monetise his business model further.One of his big bets is his finance arm-Future Capital, a company that he is taking to the capital markets and he is saying its listing will be announced in next 3-4 months.Biyani is planning to raise over Rs 1,000 crore to grow his consumer credit business and ramp up the number of branches from 65 to 400 over a period of time.
Kishore Biyani also knows that while he grows other businesses, he cannot compromise on his core retail business as it is the only way he can attract customers to offer any of his other products or services. This is the reason why Biyani needs to bolster his supply chain to take on the likes of Wal-Mart and Reliance. He is planning to raise $500 million fund for logistics business and is even looking to buy stakes in other logistic companies. While many retailers are busy worrying about growing pressure on margins, Kishore Biyani is looking out for solutions building periphery business around retail, a strategy he says will help him remain ahead of competition and also help profitability going forward.
Kishore Biyani also knows that while he grows other businesses, he cannot compromise on his core retail business as it is the only way he can attract customers to offer any of his other products or services. This is the reason why Biyani needs to bolster his supply chain to take on the likes of Wal-Mart and Reliance. He is planning to raise $500 million fund for logistics business and is even looking to buy stakes in other logistic companies. While many retailers are busy worrying about growing pressure on margins, Kishore Biyani is looking out for solutions building periphery business around retail, a strategy he says will help him remain ahead of competition and also help profitability going forward.
IPO Opening Today
1) Allied Computers International (Asia) Ltd.
Opening Date: 07/09/2007
Closing Date : 12/09/2007
Opening Date: 07/09/2007
Closing Date : 12/09/2007
Thursday, September 6, 2007
Subhiksha To Hit IPO Stands In 2008
While big daddies like Wal-Mart and Reliance are still taking their own sweet time to roll out their retail operations existing players like Subhiksha want to make most of this time window.Subiksha is all set to hit the capital markets early next year to fuel growth.
Subiksha wants to use funds to add up stores to 2,500 in next 18 months. Even though it is tightlipped on what amount will they need to raise from the market, industry sources say it will need atleast Rs 400-500 crore. To expand so fast, Subhiksha knows that it cannot take on deep pocketed players like Reliance and Wal-Mart by putting up its own supply chain and is scouting for partners to bolster its backend. Be it margin pressure or escalating cost, Retail in India is booming nonetheless, demand is increasing multifold drawing in new players like Subhiksha to the capital markets to raise funds and get on with its expansion plans.
Subiksha wants to use funds to add up stores to 2,500 in next 18 months. Even though it is tightlipped on what amount will they need to raise from the market, industry sources say it will need atleast Rs 400-500 crore. To expand so fast, Subhiksha knows that it cannot take on deep pocketed players like Reliance and Wal-Mart by putting up its own supply chain and is scouting for partners to bolster its backend. Be it margin pressure or escalating cost, Retail in India is booming nonetheless, demand is increasing multifold drawing in new players like Subhiksha to the capital markets to raise funds and get on with its expansion plans.
Monday, September 3, 2007
IPO Closing Today
1) Dagger-forst Tools Ltd.
Opening Date: 27-August-07
Closing Date : 03-September-07
Opening Date: 27-August-07
Closing Date : 03-September-07
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