Indianprofits.com

Indian Stock Market News and Views.

What is ASBA?

| Filed under Economy

SEBI introduced a new payment option ASBA (Application Supported by Blocked Amount) as an additional payment mechanism for the benefits of certain investors applied in IPO (Initial Public Offers). This option would be available to retail investors only. It is also an exclusively available payment option for the investors applying in right issue of shares, which means the additional shares offered to existing share holders of a listed company based on preference. According to the investors who experienced this new trend application, it is definitely a 100% success from SEBI’s new application. With this payment option the application money remains in the investors account until the shares are released. So no money is goes out from the investors account.

(more…)

Thinksoft Global Services Ltd IPO

| Filed under IPO Analysis

Thinksoft Global Services Ltd IPO
logo Thinksoft Global Services Ltd IPO
Public Issue of 36,46,000 equity shares of Rs. 10/- each for cash at a price of Rs.[*] per equity share aggregating Rs.[*] crores (The Issue) by Thinksoft Global Services Ltd (The Company or The Issuer). The Issue consists of a fresh issue of 13,50,000 equity shares by the company and an offer for sale of 22,96,000 equity shares by Euro Indo Investments (EII) & Mr Vinod Ganjoor (Hereinafter referred to as the Selling Shareholders). The Issue would constitute 36.27% of the post-issue paid-up equity capital of the companyPrice Band : Rs. 120/- to Rs. 130/- per equity share of face value of Rs. 10 eachThe Floor price is 12 times of the face value and the cap price is 13 times of the face value
Thinksoft Global Services Ltd
IPO Analysis
IPO

Globus Spirits Ltd IPO, IPO Analysis

| Filed under IPO Analysis

logo Globus Spirits Ltd IPO, IPO Analysis

Globus Spirits Ltd
Registered Office: No C-631 New Friends Colony, New Delhi, New Delhi-110065.
Phone: 91-11-41628325/26836394 Fax: 91-11-26822805
Email: ipo@globusgroup.in Website: www.globusspirits.com

Initial Public issue of 75,00,000 equity shares of Rs.10/- each for cash at a price of Rs.[*] (including share premium of Rs.[*] per equity share) aggregating to Rs.[*] Crores (hereinafter referred to as the issue). The issue comprises a Reservation for eligible Employees of upto 50,000 Equity shares of Rs.10/-each (the Employee Reservation Portion) aggregating to Rs.[*] Crores and the net issue to the Public of 74,50,000 Equity Shares of Rs.10/-each (the Net Issue) aggregating to Rs.[*] Crores. The issue will constitute 37.96 % of the fully diluted post-issue paid-up capital of the company. The net isue to public would constitute 37.71% of the fully diluted post issue paid-up capital of the company.Price band: Rs. 90 to Rs. 100 per equity share of face value of Rs. 10/- each. The face value of the Equity share is Rs.10/- each. The Floor price is 9.0 times of the face value and the cap price is 10.0 times of the face value
(more…)

Excel Infoways Ltd IPO

| Filed under IPO Analysis

Excel Infoways Ltd . IPO

Public issue of 56,67,000 Equity Shares of Rs.10 each for cash at a price of Rs.[*] per equiy share (including a share Premium of Rs.[*] per Equity Share) aggregating Rs.[*] Crores (Hereinafter referred to as the Issue) by Excel Infoways Ld (The Company or Issuer or EIL). The issue will constitute 26.93% of the fully diluted post issue paid up Capital of the company.Price Band: Rs. 80 to Rs. 85 per Equity Shares of Face Value Rs.10/- eachThe Issue price is 8.0 times the fave value at the Lower end of the Price band and 8.5 times the face value at the higher end of the price band.

 Excel Infoways Ltd IPO