Year: 2017

Gitanjali Gems's unit Nakshatra World is pan India jewellery company is coming with its IPO. Issue Details of  Nakshatra World Limited IPO:    IPO Open:   Issue Price band: Issue Size:  Market lot:   Minimum Investment:   Book Running Lead Managers:   IDBI capital, Elara Registrar: Listing: BSE / NSE IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of the offer. Non-institutional bidders –  15% of the offer. Retail individual bidders  – 35% of the offer. Background: Nakshatra World Limited is an established pan-India player in the organized jewellery market, with a focus on manufacture and distribution of branded studded jewellery, gold jewellery and other jewellery products in India and overseas, under the brands Nakshatra, Gili, Asmi, S...

Subscription:  On last day, the IPo subscribed 1.53 times -  QIBs - 1.48 times, HNI - 2.85 times and retail investors 0.94 times  GTPL Hathway Limited is a leading regional Multi Service Operator (MSO) in India, offering cable television and broadband services. Issue Details of  GTPL Hathway IPO:   IPO Open:  21 June to 23 June 2017 Issue Price band:  Rs 167 - Rs 170 Issue Size:  Market lot:  88 shares Minimum Investment: Book Running Lead Managers: JM, BNP, Motilal, Yes Registrar: Link Intimes Listing: BSE, NSE IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of the offer. Non-institutional bidders –  15% of the offer. Retail individual bidders  – 35% of the offer. Background: GTPL Hathway Limited is a leading regional Multi Service Operator...

Eris Lifesciences IPO Allotment Status Check Online -  You can check the allotment status at the Registrar website link below using your PAN number  You can also send your PAN by comment below and we can check the status for you. As the retail quote was oversubscribed, you may get less or no allotment. [xyz-ihs snippet="ad1"] Registrar Website link to check allotment https://www.linkintime.co.in/PublicIssues/   Day 3:  IPO over-subscribed 3.29 times - QIB - 4.68 times, NII - 0.45 times, Retail - 3.51 times Day 2:  IPO subscribed 75% overall -  QIB - 82%, NII - 3%, Retail - 168% Eris Lifesciences, the pharma company is coming up with its IPO on 16th June 2017. Issue Details of Eris Lifesciences IPO:   IPO Open :  16th June - 20th June  2017 Issue Price band: Rs 600-603 pe...

Tejas Networks IPO Allotment Status Check Online -  You can check the allotment status at the Registrar website link below using your PAN number  You can also send your PAN by comment below and we can check the status for you. As the retail quote was oversubscribed, you may get less or no allotment. [xyz-ihs snippet="ad1"] Registrar Website link to check allotment https://www.linkintime.co.in/PublicIssues/ Update 15th June : Day 2:  IPO is subscribed 38% on Day 2 - Retail quota is already over-subscribed (1.1 times). Tejas Networks Limited is an India-based optical and data networking products company. Issue Details of  Tejas Network IPO:  IPO Open: 14th June to 16th June 2017 Issue Price band:  RS 250 - 257 Issue Size:  Rs 317-326 crores Market lot: 55 Minimum Investment...

Quick Guide for GST rates for India in 2017 Here is the complete updated list: Gold and rough diamonds do not fall under the current rate slab ambit and will be taxed at 3% and 0.25% respectively. No tax Goods No tax will be imposed on items like Jute, fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, bangles, handloom, etc. Services Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST. 5% Tax Rate Goods Items such as fish fillet, Apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spic...

GST will replace multiple indirect taxes and will improve taxation efficiency. Most of the goods are placed under four rates of GST - 5%, 12%, 18% and 28%.  Read another post on GST rates for various items in India List of stocks that could get benefit from GST Hindustan Lever :  HUL is expected to gain market share with the implementation of GST as business shifts from unorganised to organised segment. HUL will benefit from moving to a moderately lower 18 percent tax slab and its major raw materials- consumer staples falling in the lowest tax labs (0-5 percent). Dabur India:  Major segments of Dabur soaps and hair oil falls under lower tax slab of 18 percent compared to the current effective rate of 26-28 percent. The largest segment honey continues to fall under the exempt category. ITC...

Bharat Road Network, a road / highways projects company is coming up with its IPO on XXXX. Issue Details of Bharat Road Network IPO:   IPO Open :   Issue Price band:  Issue Size:  Market lot :   Minimum Investment:   Book Running Lead Managers :  Registrar –  Listing: BSE/NSE IPO Issue Allocation Qualified institutional buyers (QIBs) – 75% of the offer. Non-institutional bidders –  15% of the offer. Retail individual bidders  – 10% of the offer. Background Bharat Road Network Limited is a road build-operate-transfer (BOT) company in India, focused on development, implementation, operation and maintenance of roads/highways projects. It was incorporated in 2006 as a developer and operator for highways, road and related projects on a BOT basis. As per the letter a...

Four Seasons Residency, a hotel company is coming up with its IPO on XXXX. Issue Details of Four Seasons Residency IPO:   IPO Open :   Issue Price band:  Issue Size:  Market lot :   Minimum Investment:   Book Running Lead Managers :  Registrar –  Listing: BSE/NSE IPO Issue Allocation Qualified institutional buyers (QIBs) – 75% of the offer. Non-institutional bidders –  15% of the offer. Retail individual bidders  – 10% of the offer. Background Four Seasons Residency Limited (FSRL) was incorporated as “Four Seasons Residency Private Limited” in April 2009. Thereafter a fresh certificate of incorporation consequent upon change of name on conversion of the company to public limited company in the name of the “Four Seasons Residency Limited” was granted in Sep 2011...

HUDCO IPO Allotment Status & Listing Date: If you have applied for HUDCO shares in the IPO, the chances are you will get limited shares only as the issue was hugely oversubscribed. Allotment will be most likely around 18th May and you can check the allotment status then. The issue is expected to be listed on 19-May. There are 2 different options to check your allotment for HUDCO IPO -  [xyz-ihs snippet="ad1"] At Registrar's website - You can check allotment status on registrar website (Alankit).They have given 2 new links - Link 1 & Link 2. You will need your PAN number to check the status.   BSE : You can also check the allotment status at this BSE Link as well. You will need both PAN & Application number for checking at BSE website. PSP Projects IPO is opening on 17t...

PSP Projects, a construction company is coming up with its IPO on 17-May-2017 Issue Details of  PSP Projects IPO:   IPO Open :  17 May - 19 May  2017 Issue Price band: Rs 205 - 210 per share Issue Size: Rs 206  crores  ( XX  Shares) Market lot :  70 shares (application per share Rs 210) Minimum Investment:  Rs 14700 (Upper band) Book Running Lead Managers :  Karvy Registrar – Karvy Listing: BSE/NSE IPO Issue Allocation Qualified institutional buyers (QIBs) –  50% of the total issue size. Non-institutional investors (NIIs) –  15% of the issue size. The retail quota limit in the issue = 35% of the issue size. Background It is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional,...