I’ve been asked about the NMDC IPO  – a follow on public offer that involves a sale by the Government of India, of 33 crore shares. The price band is between 300 and 350 for the mining company. Retail investors get a 5% discount on the discovere…

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Mint reports: Institutional investors [will] now pay 100% of the bid amount upfront while bidding in an IPO, a far cry from the days when they didn’t have to put up any margin money and allotment to them would be on a discretionary basis by merch…

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A stock out of nowhere propelled to new highs today (ok, technically anything is a new high for a freshly listed stock). A 58% listing gain saw Jubilant Foodworks close at 229 today: (HT: @prashantsolanki) ET Story: A spectacular debut by Jubil…

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A lot of you have requested comments on the Oil India IPO. I’m a sucker for IPOs which give you a P/E or 10 or so, and it seems this one fits. So my first impression is positive. Here’s what happens as I go through the DHRP (prospectus).

There’s 2.4 c…

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LIvemint/Reuters: Brokers making costly loans to IPO speculators

Mumbai: Indian brokerages are borrowing ultra short-term money at almost twice the market rate, often from mutual funds, to lend to clients seeking shares in IPOs, fund managers said, in…

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I’ve had some mail requesting for comments on the NHPC IPO. First note: the IPO is already 3x oversubscribed, with only one day of the IPO through. Only 9% of the retail bit is subscribed, and this has 49 cr. shares for retail (about 1500 cr.) which is…

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After a long time, I’ve decided to analyse an IPO draft prospectus. Note that this is not advice, just my opinion.

Price: 275 to 325.
Size: 92.65 Lakh shares (255 to 301 cr.). Of which, 59 lakh are fresh issuances, and the remaining are for sale by e…

Posted in IPO, MahindraHolidays, RSS Comments Off