1) Indowind Energy Ltd.
Opening Date: 21-August-07
Closing Date : 24-August-07
Friday, August 24, 2007
Thursday, August 23, 2007
IPO Closing Today
1) Motilal Oswal Financial Services Ltd.
Opening Date: 20-August-07
Closing Date : 23-August-07
Opening Date: 20-August-07
Closing Date : 23-August-07
Tuesday, August 21, 2007
Monday, August 20, 2007
IPO Opening Today
1) Motilal Oswal Financial Services Ltd.
Opening Date: 20-August-07
Closing Date : 23-August-07
Opening Date: 20-August-07
Closing Date : 23-August-07
Saturday, August 18, 2007
Motilal Oswal IPO Price Band At Rs 725-825
Mumbai based Motilal Oswal Financial Services Limited fixed its Initial Public Offering (IPO) price band between Rs 725-825 per equity share. The IPO would be open to public from August 20 and intends to sell 29.8 lakh equity shares of Rs 5 each through 100 per cent book building process.
For the year ended March 31, 2007 the company made a net profit of Rs 69.5 crore on total revenues of Rs 379.1 crore. Outlining the need for raising the capital Chairman and Managing Director of the company Motilal Oswal said the company needs additional capital for long-term working capital requirements and wants to invest in additional office space and technology. Terming that the company is open to inorganic growth, Oswal said that the company wants to focus on Indian market and has no intentions to turn into a bank. "Our focus was to give Indian products to Indian investors and Indian products to foreign investors," Oswal said.
Motilal Oswal Financial Services operates through four subsidiaries namely Motilal Oswal Securities, Motilal Oswal Commodities Brokers, Motilal Oswal Venture Capital Advisors and Motilal Oswal Investment Advisors in the market. The issue closes on August 23.
For the year ended March 31, 2007 the company made a net profit of Rs 69.5 crore on total revenues of Rs 379.1 crore. Outlining the need for raising the capital Chairman and Managing Director of the company Motilal Oswal said the company needs additional capital for long-term working capital requirements and wants to invest in additional office space and technology. Terming that the company is open to inorganic growth, Oswal said that the company wants to focus on Indian market and has no intentions to turn into a bank. "Our focus was to give Indian products to Indian investors and Indian products to foreign investors," Oswal said.
Motilal Oswal Financial Services operates through four subsidiaries namely Motilal Oswal Securities, Motilal Oswal Commodities Brokers, Motilal Oswal Venture Capital Advisors and Motilal Oswal Investment Advisors in the market. The issue closes on August 23.
Tuesday, August 14, 2007
Indowind Energy IPO On Aug 21
Mumbai: Indowind Energy Ltd mulls to foray the capital market with IPO of Rs 81. 25 crore. The issue opens on August 21 and closes on August 24. The 100-per cent book-building process IPO will offer 1.25 crore equity shares of Rs 10 in the price band of Rs 55-65. About 2.60 lakh has been reserved for the employees. The company proposes using the proceeds for adding 9 MW capacity in Chitradurga, Karnataka, to buy hydraulic cranes, and buy second-hand windmills. The power generated at Chitradurga will be sold to Karnataka Power Transmission Company. The company foresaw huge potential as the installed wind power capacity in the country was only 7,800 MW and there was over 45,000 MW untapped capacity. UTI Securities is the book-running lead manager for the issue, Canara Bank as the co-book running lead manager, while Keynote Corporate Services is an adviser to the issue.
Motilal Oswal Sec To Hit IPO Stands
Motilal Oswal is coming up with an IPO of 29,82,710 equity shares of Rs5 each through 100% book building process on August 20 2007 and will close on August 23,2007. The price band for this issue has been fixed at Rs725-825 per equity share. The purpose for raising the funds through IPO is to support its growth through long term capital deployment, enhanced facility for broking customers, office space and technology advancement.
Investors may be staying away from the market thanks to the volatility but brokers are not, at least when it comes to raising money. Motilal Oswal a prominent domestic broker on Dalal Street is hitting the markets with an IPO hoping that investors will lap up the issue, because brokerages are a favourite with many global investors."Overall the India story is intact, there is no weakness at all, but as far as the global liquidity is concerned we may face some problems, as far as this issue is concerned there is a shortage of financial service paper in the market, given the size and pedigree of the company, I think they will receive good response," Ravi Kapoor Managing Director and Head of Equity, Citigroup said.
Investors may be staying away from the market thanks to the volatility but brokers are not, at least when it comes to raising money. Motilal Oswal a prominent domestic broker on Dalal Street is hitting the markets with an IPO hoping that investors will lap up the issue, because brokerages are a favourite with many global investors."Overall the India story is intact, there is no weakness at all, but as far as the global liquidity is concerned we may face some problems, as far as this issue is concerned there is a shortage of financial service paper in the market, given the size and pedigree of the company, I think they will receive good response," Ravi Kapoor Managing Director and Head of Equity, Citigroup said.
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