Latest IPO Grey Market Premium Rates

Grey Market Premium Rates

Company	Open/Close	Offer Price	Premium	Kostak Rates
Birla Cotsyn	30 June - 04 July	15 to 18	02 to 03	-------
KSK Energy Venture Limited	24 June - 27 June	240 to 255	Discount	-------
Somi Conveyor Beltings Limited	24 June - 27 June	35	04 to 06	-------
Lotus Eye Care	12 June - 20 June	38 - 42	Discount	-------
Archidply Industries Limited	11 June - 17 June	70 - 80	03 to 05	-------
First Winner Industries Limited	09 June - 17 June	115 - 125	Discount	-------
Sejal Architectural Glass Ltd	09 June - 12 June	105 - 115	15 to 16	-------
Avon Weighing Systems Limited	09 June - 12 June	10	06 to 07	-------
Bafna Pharmaceuticals Limited	27 May - 30 May	40	07 to 09	-------

Listing/Refund Board

Company	Expected Allotment Date	Expected Refund Date	Listing Date
KSK Energy Ventures Limited	09 July	10 July	-------
Somi Conveyor Beltings Limited	14 July	15 July	-------
Lotus Eye Care Limited	04 July	07 July	-------
Archidply Industries Limited	01 July	02 July	-------
First Winner Industries Limited	26 June	27 June	-------
Avon Weighing Systems Limited	30 June	02 July	-------
Sejal Architectural Glass Ltd	26 June	27 June	-------

Bafna Pharmaceuticals to list on June 27

Bafna Pharmaceuticals will list on the bourses with its public issue of 64,00,000 equity shares of Rs 10 each on June 27, 2008. The issue price was Rs 40 per equity share (including share premium of Rs 30 per equity share).

The issue will constitute 40.05% of the post issue paid-up capital of the company. The issue price is 4 times of the face value. The shares are proposed to be listed on the BSE.

Objects of the issue were as follows:
* Brand building in domestic markets Rs 10.44 crore.
* Part payment of loan from SBI Rs 4 crore.
* Brand building in international markets Rs 3.03 crore.
* Setting up R&D facilities Rs 3 crore.
* MHRA Accrediation Rs 1.08 crore.
* Public Issue expenses Rs 2.05 crore.
* Cameo Corporate Services is the Registrar to the Issue.

Ashika Capital and Keynote Corporate Services were the Lead Managers to the Issue

Source: Moneycontrol.com

KSK Energy Ventures subscribed 0.94 times

Receives bids for 3.26 crore shares

The initial public issue of KSK Energy Ventures on Monday, 23 June 2008 got subscribed 0.94 times. The issue received bids for 3.26 crore shares as against 3.46 crore shares on offer. (As at 16:00 IST)

The price band for the IPO has been fixed between Rs 240 - Rs 255 per share. The issue will close on 25 June 2008.

The company had successfully completed the pre-IPO placement of 1.73 crore equity shares at a price of Rs 240 per share, thus raising over Rs 415 crore.

KSK Energy was established in 2001 to capitalise on emerging opportunities in the Indian power sector and focus on developing, operating and maintaining power projects.

It has operational power plants capable of generating 144 megawatts (MW) of power, and it is currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power.

The Hyderabad-based firm plans to raise up to Rs 882 crore to part finance its investment in the SPV Wardha Power Company for the 1,800 MW coal-based thermal power plant in Chattisgarh.

Source: Capitalmarket.com

Lotus Eye Care extends IPO to June 20, price band Rs 36-38

Lotus Eye Care Hospital has revised its IPO price band to Rs 36-38 from Rs 38-42 per share and extended by three days on the back of poor subscription. Now the issue will close on June 20, 2008 instead of today, June 17.

It has subscribed only 0.54 times as per the NSE web site. It has received total bids for 54,26,700 shares as against issue size of 1,00,00,000 shares.

The issue had opened for subscription on June 12, 2008 with a public issue of 1,00,00,000 equity shares of Rs 10 each through 100% book building process. The price band is between Rs 38 to Rs 42 per equity share of Rs 10 each.

The issue will constitute 48.09% of the fully diluted post issue paid-up equity share capital of the company.

Keynote Corporate Services Ltd is the BRLM and Canara Bank Merchant Banking Division is the co-lead manager for the issue and S.K.D.C. Consultants Ltd is the registrar to the issue.

The company proposes to utilise the net proceeds of the issue to part finance its Rs 5500 lacs expansion plan. The plan covers expansion of existing facilities and establishment of new centers with latest technology. To fund this plan, Lotus expects to raise Rs 4200 lakh through the public issue, it has tied up Rs 999.54 lakh of term loans from banks and raises remaining Rs 300.46 lakh through internal accruals.

Source: Moneycontrol.com

Archidply Industries IPO oversubscribed

Receives bids for 97.64 lakh shares as against 66.15 lakh shares on offer

The IPO of Archidply Industries received decent response for its initial public offer (IPO). The IPO which closed today 17 June 2008, was subscribed 1.48 times by 17:00 IST on NSE. The IPO received bids for 97.64 lakh shares, as against 66.15 lakh shares on offer.

Archidply Industries had set Rs 70 to Rs 80 per share price band for its IPO.

Archidply Industries manufactures comprehensive engineered interior products which include plywood, block board, plain and pre laminated particle board, decorative laminates and decorative veneers.

The capital raised from the issue will be deployed to set up a new manufacturing facility of plain particle board, pre laminated board and decorative plywood at Karnataka. The capital will also be deployed to set up a new manufacturing capacity for medium density fibreboard (MDF) at Rudrapur in Uttarakhand. Also the proceeds will be deployed towards margin money for working capital.

The company reported 157.26% jump in net profit to Rs 14.87 crore on 52.68% rise in net sales to Rs 143.55 crore in the year ended March 2008 over the year ended March 2007.

Source: CapitalMarket.com

First Winner Industries IPO subscribed 1.26 times

Receives bids for 69.2 lakh shares as against 55 lakh shares on offer

The IPO of First Winner Industries received bids for 69.2 lakh shares, as against 55 lakh shares on offer till 17:30 IST on the last day of issue today. The issue was subscribed 1.26 times. The First Winner Industries IPO had opened on 9 June 2008.

The First Winner Industries IPO, which was originally scheduled to close on 12 June 2008, closed today 17 June 2008, as the company had extended the IPO closing date due to poor responce to the issue. Further the price band was revised downwards from the earlier Rs 120 to Rs 130 per share to Rs 115 to Rs 125 per share.

First Winner Industries is engaged in the manufacture of grey fabrics and in trading of textile fabrics which are supplied to various wholesalers, apparel and garment manufacturers. The company has two subsidiaries, Ramshyam Textile Industries and First Winner Lifestyle (formerly Realgold Exports), which are engaged in same businesses. Ramshyam Textile Industries has 48 looms with total installed capacity of 42.24 lakh meter fabrics per annum. First Winner Lifestyle has a weaving unit with 48 looms and total installed capacity of 62 lakh meters per annum.

First Winner Industries plans to utilise the proceeds of the IPO to set up a new apparel manufacturing facility with a production capacity of 5,000 pieces of men’s wear shirts per day at an estimated cost of Rs 12.03 crore and setting up of a new weaving unit to increase its existing production capacity to 170 lakh meter per annum at an estimated cost of Rs 21.63 crore. The company also intends to make prepayment of term loan amounting to Rs 18 crore.

The company reported 4150% spurt in net profit to Rs 2.55 crore on 45.20% rise in net sales to Rs 55.50 crore in the year ended March 2007 over the year ended March 2006.

Source: CapitalMarket.com

Somi Conveyor Beltings IPO opens on June 24

Somi Conveyor Beltings will enter the capital market with an initial public offering, IPO of 62,27,860 equity shares of Rs 10 each through 100% book building process on June 24, 2008. The price has been fixed at Rs 35 per equity share. The issue will close for subscription on June 27, 2008.

The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 5.25 crores, and the net issue to the public of 47,28,574 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 16.55 crores including an allocation of atleast 10% of the net issue to the public to Aualified Institutional Buyers. The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share.

The shares are proposed to be listed on the BSE.

Ashika Capital is the Lead manager to the issue.

Mondkar Computers is the Registrar to the issue.

Source: Moneycontrol.com