L&T Finance Holdings CMP: 44 , 52 Week Low 40.10

L&T Finance Holdings Limited is a financial holding company of  L&T Group. It is a mid-cap stock that offers a diversified range of financial products and services across the corporate, retail, and infrastructure finance sectors, as well as fund products and investment services.

L&T Finance Holdings is listed in the year 2011. Its trading at a P/E of around 90 and Revenues have only started flowing in the last quarter. As earnings rolls out, the P/E should come down below 30. Profits growth have been on the rise consistently over last few quarters.

We Expect a positional Buy for long term for a munchy returns in future.

Flexituff International IPO

Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.

Flexituff International has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand).

Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.

Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.

Flexituff International received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years.

Objectives of Flexituff International IPO
1. Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;
2. Setting up of Dripper Project at Kashipur;
3. Working capital requirements;
4. General corporate purposes;
5. To meet Issue expenses.

Offer Opens on	Offer Closes on	Offer Price
29th Sep, 2011	5th Oct, 2011	145 - 155

CARE has assigned an IPO Grade 3(Average Fundamentals) to Flexituff International IPO

M and B Switchgears IPO

M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.

M and B Switchgears is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers.

M and B Switchgears existing annual production capacity in terms of KVA is 75,000 KVA of transformer per month on single shift basis and annual aggregate capacity is 9,00,000 KVA per annum.

M and B have capacity to manufactures 5,109 transformers per annum. M and B Switchgears client base include almost all electricity boards, reputed industrial groups which include steel, power, pharma, textile, automobile etc., public sector companies like NCL, SECL, WCL, Ordanace factory & various other government utilities.







Offer Opens on


Offer Closes on


Offer Price



28 Sep, 2011


5th Oct, 2011


180 - 186

Objectives of M and B SwitchgearsIPO
1) To set up new grid connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh; and
2) To meet General corporate purpose.

ICRA has assigned an IPO Grade 2(Below Average Fundamentals) to M and B Switchgears IPO

Taksheel Solutions Ltd - IPO

Offer Opens on	Offer Closes on	Offer Price
29th Sep, 2011	4th Oct, 2011	130 - 150

Taksheel Solution Ltd is IT Solution Company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. Headquartered inHyderabad, with an office in North America, they provide professional IT services to global clients. Taksheel Solution offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance.

Financial services provided by Taksheel includes wealth management to financial institutions such as Asset and Investment managers, Brokerage houses, Insurance, Hedge funds, Trusts and Family Offices. In Telecom Solutions, Taksheel offers Enterprise IP telephony Solutions, Carrier Switching & Billing Solutions, Contact Center Solutions, IVRS, SMSC, Voice & Video Conference solutions, Chat platforms, Content Delivery Platforms, Closed Private GSM network (CPMN) and In Information Technology services, Taksheel offers Enterprise Network Implementation(LAN,WAN,MAN), OS migration to open source, Software Development, Application customization, Managed IT services (Desktop, Server, Network, NOC support) Server Implementation & Support(Windows, Unix, Sun, Linux),Data Storage Network(SAN,NAS),Network & Data Security Solutions, Network Monitoring System, NOC support Systems, Data center and Disaster recovery center implementation, CRM solution and more.

Taksheel offers cost-effective solutions through its Onsite, Offsite and Offshore development methodology by leveraging its global delivery model and utilizing delivery centers based in Hyderabad, India, and New Jersey, USA. Some of their customers include Merryl Lynch and Bank of America.

Objectives of Taksheel Solutions IPO
1. Capital expenditure for setting up a new software development center at Hyderabad;
2. Capital expenditure for setting up a new software development center at Warangal;
3. Acquisitions and Other Strategic Initiatives;
4. Financing the incremental working capital requirements;
5. General Corporate Purpose;
6. To meet the issue expenses.

CARE has assigned an IPO Grade 2(Below Average Fundamentals) to Taksheel Solutions IPO

Tijaria Polypipes Ltd

Offer Opens on	Offer Closes on	Offer Price
27th Sep, 2011	29th Sep, 2011	60

Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is in manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps under the registered brand name of Tijaria and Vikas.

Tijaria Polypipes produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc.

Tijaria's product offerings include HDPE pipes, PVC pipes, LLDPE pipes, HDPE DWC pipes, PLB HDPE Ducts, MDPE pipes, uPVC RIGID & BLUE CASING pipes, Pet Granules, MICRO/DRIP Irrigation System, SWR PIPES & FITTINGS, PPR Pipes & Fittings, HDPE Sprinkler System. These products are used in irrigation, telecommunication, industrial, and infrastructure and housing sector. Total production capacity of Tijaria Polypipes is 25163 million tonnes per annum (MTPA).

Objectives of Tijaria Polypipes IPO
1. Implementation of the Company?s Expansion cum Diversification Project;
2. Meeting Preliminary and Capital Issue expenses;
3. Meeting Pre Operative expenses;
4. Provision for Contingencies;
5. Provide Working Capital Margin;
6. To get the Equity shares of the Company listed on BSE and NSE.

ICRA has assigned an IPO Grade 2(Below Average Fundamentals) to Tijaria Polypipes IPO

Swajas Air Charters Ltd

Offer Opens on	Offer Closes on	Offer Price
26th Sep, 2011	28th Sep, 2011	90 - 100

Swajas Air Charters Ltd( Swajas Air Charters IPO ) is a a Non-Scheduled Airline Operator, servicing a fleet of fixed-wing aircraft and helicopters within and outside India.

The services provided by Swajas Air can fulfill various Aviation requirements which range from corporate travel to emergency medical services as well as from aircraft management to maintenance and technical support.

Swajas Air offers a number of services falling under the segments of:
1. General Air-Charter Services
2. Off-Shore Transportation & Logistics
3. Charter Tourism
4. Medical Evacuation Services
5. Operations & Maintenance

Swajas clients base includes Hardy Exploration & Production (India) Inc., Government of Orissa, Videocon Industries Limited, Larsen & Toubro Limited, Nimbus Communications Limited, Suzlon Energy Limited, Apollo Hospitals Group, BALCO (Bharat Aluminium Company Limited) etc.

Objectives of Swajas Air Charters IPO
1. Part Finance the Fleet expansion;
2. Finance the setting up of MRO/Hangar Facility;
3. Finance the purchase of Office Building / Space;
4. Finance the Working Capital Requirements; and
5. General Corporate Purposes.

ICRA has assigned an IPO Grade 2(Below Average Fundamentals) to Swajas Air Charters IPO

ONGC Ltd FPO Details

ONGC LTD (Oil and Gas Corporation of India limited), a public sector enterprise, is the largest oil and gas exploration and production company in India in Fiscal 2010 (Source: Hydrocarbon Exploration and Production Activities, India, 2009-10 report by Directorate General of Hydrocarbons ("HEPA Report 2009-2010")).The object of the offer is to carry out the disinvestment of 427,774,504 Equity Shares by the Selling Shareholder. The Company will not receive any proceeds from the Offer and all proceeds shall go to the GoI.(source JM financials)

FPO detials are as follows:

BRLM: JM Financial Consultants,Citigroup Global Markets,BOA Merrill,HSBC Securities,

Morgan Stanley, Nomura Financial

Syndicate Member JM Financial Services,HDFC Securities,

Issue Period: September 20 to September 23, 2011

QIB Bid Closes : September 22, 2011

Retail/HNI/Employee Bid Closes : September 23, 2011

Issue Size : 42,77,00,000 Equity Shares

Employee Reservation : 8,553,168 Equity Shares

Net Isse : 41,92,21,336 Equity Shares

Face Value : Rs.5/- per Equity Share

Price Band: Will be announced one working day prior to the issue opens

Lot Size: Will be announced one working day prior to the issue opens

Retail/Employee Discount : Will be announced one working day prior to the issue opens

Listing NSE/BSE

Registrar: Linkintime India Private Limited

QIB Book: 20,96,10,668 (50% of Net issue size)

HNI Book: 6,28,83,200 (15% of Net issue size)

Retail Book: 14,67,27,468 (35% of Net issue size)

The ONGC group (subsidiary and joint ventures) of companies in oil and gas exploration:

The company has a vast experience in oil and gas exploration in the India and globally.

The company through its subsidiaries and joint ventures is present in 14 nations around the world, apart from being a major oil and gas exploration PSU (Public sector unit). The company also enjoys high weightage in the stock market indices in INDIA.

 Domestic Operations

They conduct their domestic exploration and production activities through:

• Their own Independent operations
• In consortia with other oil and gas companies, including Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, GAIL (India) Limited, Gujarat State Petroleum Corporation Limited, Oil India Limited, Cairn Energy, BP, and Petrocon India Limited.