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.

SRS Limited IPO

SRS Limited IPO.

Incorporated in 2000, SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations.

This IPO proceeds will be used for setting up of cinemas, setting up of food courts and restaurants, setting up of retail stores, setting up of jewellery manufacturing facility and jewellery retail stores, general corporate purposes and issue related expenses.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Objects of the Issue:

The objects of this Public Issue are to raise funds for:

1. Setting up of cinemas;
2. Setting up of food courts and restaurants;
3. Setting up of retail stores;
4. Setting up of jewellery manufacturing facility and jewellery retail stores;
5. General Corporate Purposes; and
6. Issue related expenses.

BRLM: Karvy/ IDBI Capital/ SPA Sec

Syndicate: ENAM/ SMC Sec/ HEM Sec

Issue Period: August, 23– August, 26 2011

Price Band: Will be announced two working days prior to the issue opens

Lot Size: Will be announced two working days prior to the issue opens

Registrar: Beetal Financial & Computer Services Private Limited.

 Retail Appl Size: Rs.2,00,000/-

Issue Size: 3,50,00,000 Equity Shares aggregating to a sum of Rs. 203.00 - 227.50 Crore(Face Value Rs.10 each).

ICRA has assigned an IPO Grade 3 to SRS Limited IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

What is a stock split?

A Stock split is a process where in the company decides to reduce the face value of the outstanding shares. This is usually done only when the stock is in a strong uptrend and the board of the company has a   comfortable anticipation that the stock will continue the same trend further. When a stock is quoting high in the market, there are worries that there will be fewer takers for the stock implying lower liquidity to the shares of the company. By this exercise, the company tries to provide more liquidity to the stock in the market. More often than not the when a company declares a stock split it means that particular firm is experiencing success

Mechanics of stock split:

To do a stock split it is important to know the requirements before a stock split, as well as the general profile of the company which is announcing a split of their stock. Naturally the  company must have enough unissued authorized shares to split the stock and then the board of directors must then meet and declare a stock split. If authorized shares need to be added, then the company must seek approval from shareholders, which requires a shareholder meeting for a vote to support additional shares being issued. At that point the company can announce the stock split and both the split and recording dates are set. When the split date does indeed arrive, additional shares are issued and the stock price per share is adjusted accordingly.

The average profile of a company that declares a stock split is one that is currently operating with increasing revenue and net earnings.  Typically the stock price is close to or  higher than the price of the last split, is in a general uptrend and of course is expected to continue to move northwards.  In addition, business is forecasted to be very good going forward, shareholder confidence is high and basically no major legal issues are pending reconciliation. In addition, a stock split announcement is typically accompanied by other major events which could be anything such as a bonus, dividend being paid, a stock buyback program or even changes to management.

Stock splits usually attract the interest of the retail and institutional participants as they arecertainly worth monitoring and when correctly identified, they provide low risk and high reward options strategies. In fact, if you can see a stock split coming when implied volatility is currently very low, then these particular situations have a tremendous chance of being highly profitable when coupled with the appropriate options strategy.

Details of L&T Finance Holdings Limited IPO

The Issue	L & T Finance Holdings Limited
Sector	Financial Services
Transaction	Book Building
Issue Size	(*) equity shares of Rs 10 each aggregating to Rs 1245 crs
	(*)% of the post issue paid-up capital
IPO Dates	July 27th 2011 – July 29th 2011
Price Band	Rs 51 to Rs 59
Bid Lot	100 equity shares and in multiples of 100
IPO Grading	CARE: 5/5 Strong Fundamentals
Exchanges	BSE; NSE
Global Co-ordinators	JM Financial Consultants Private Limited; Citigroup Global
& BRLM	Markets India Private Limited; HSBC Securities & Capital
	Markets (India) Private Limited;
BRLM & Co-BRLM	Barclays Securities (India) Private Limited; Credit Suisse
	Securities (India) Private Limited; Equirus Capital Private Limited
Registrar	Sharepro Services (India) Private Limited

 Objects of the Issue

ü  Repayment of inter-corporate deposit issued by the Promoter to the Company;

ü  To augment the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business;

ü  To achieve the benefits of listing on the Stock Exchanges;

ü  For other general corporate purposes including meeting the expenses of the Issue.

 The Business

They are a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through their direct and indirect wholly-owned subsidiaries.

Their Company is registered with the RBI as an NBFC-ND-SI.

They are promoted by Larsen & Toubro Limited ("L&T"), one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services.

They are headquartered in Mumbai, and have a presence in 23 states in India. As at May 31, 2011, they had 837 points-of-presence across India, comprising 117 branch offices, 269 meeting centers, 37 KGSK centers and 414 customer care centers across all of their business groups and segments.

Strategy

ü  Continue to expand their business to include new products and services, as well as entirely new lines of business

ü  Increase the market penetration of their existing products and services

ü  Continue to focus on two key Indian growth stories: infrastructure and rural development

ü  Develop their financial products distribution business segment

ü  Continue to attract and retain talented professionals

ü  Continue to focus on the growth of their retail loan portfolio

                                                                                   

 

Strengths

ü  Diversified and balanced mix of high growth businesses

ü  Strong distribution network, with a presence throughout India

ü  Experienced management team and employees with a proven track record of establishing and growing new lines of business

ü  High quality loan portfolio comprising the funding of mainly income-generating assets and activities

ü  Good financial and capital position, as well as access to multiple sources of capital

ü  Strong parentage and brand equity of L&T