I am from Bangalore. It is one of the good developers in bangalore and they are having very good name in market. it is deffently give good returns more than expectations. like what we got the returns from DLF
whether Brigade shares are able to place in Stock Market since the company is registered in Karnataka which is in south india whether there will response to their share by the public in subscription of these shares plz help me in analysing this investment since there are good new ipo in Janaury`2008 yet to come i want to preserve the money for this subscription plz help
BGR may oversubscribe more than 70 times, plsss first prefer BGR, listing will be arround 850, march target is 1580, longterm also very good returns.then choose Tran and rect listing will be 650, it may subcribe 34-40 times
Manaksia IPO opens on Dec 17, price band Rs 140-160/sh
Manaksia, a multi division and multi location company focusing on manufacturing of value added metal products and metal packaging products, proposes to tap the capital markets on December 17, 2007 with a public issue of up to 15,500,000 equity shares of Rs 2 each for cash at a price band of Rs 140 to Rs 160 per equity share.
The issue closes for subscription on December 19, 2007. After allowing for reservation of up to 100,000 equity shares for the company's eligible employees, the net issue to the public will be up to 15,400,000 equity shares.
The total issue would constitute 22.29% and net issue 22.15% of the fully diluted post issue paid up capital of the company, respectively.
The company intends to use the net proceeds of the issue for expansion of metals business by purchase of capital equipment, prepayment of certain term debt and for general corporate purposes. The expansion of metals business includes addition of certain equipments for de-bottlenecking to aluminium rolling line at Haldia is aimed at production of higher value added products as well as improving efficiency of its present production.
ICICI Securities is the book running lead manager for the issue. The equity shares of the company are presently listed on the CSE and the equity shares offered through this public issue are proposed to be listed on the BSE, NSE and the CSE.
It has fifteen manufacturing units in India and three abroad; two in Nigeria and one in Ghana. The company's business can be categorized into (a) metal products; (b) packaging products; (c) mosquito coils; and (d) engineering and others.
prasad2, suggest you put max for BGR energy as it looks most promosing, if you apply at cut-off for max no in retail category, you will have a very high probability of getting allocation
I am not having money right now to invest in Brigade IPO but at the time of its listing I will be having money.pl suggest at what price it will be listing
I stay in banaglore in one of the apartments build by the brigade group(Brigade Gardenia). They are a highly respectable and big builder in bangalore and quailiyt of their service is good.
well, Purvankara and IVR are not in the same league as Brigade who has a huge reputation in Bangalore similar to DLF in Delhi. So may not be a big gamble
I do agree with Mr Pareek, for having burnt is finger by investing for IVR Prime and Purvankara, but my friend should also understand is Brigade is not a developer who is just doing business for business sake, it is being done in public interest also, one of the example is the road developed at JP Nagar.Due to which we need to support such developers.
I believe this IPO is good...but markets are very harsh with south india based realty companies...those of you who have burnt there fingures in IVR Prime and Purvankara will understand this thing..Its a very risky proposition..
As we are in the phase of bullish market Tulsian's comments look odd. This issue is definitely highly priced. I agree with him. But, still I will apply to enjoy the benefits of listing gains. My views on Tulsian is - we have to take his views for ipo investments with long term perspective.