Gravita India Ltd IPO Message Board (Page 25)

good goin sreedharbhai..keep it up..kepp updatind...

Hindustan Copper's Rs 4,000-cr FPO likely to begin from Dec 6

      
NEW DELHI: Taking forward the government's disinvestment drive, the Rs 4,000-crore follow-on public offer (FPO) of state-run Hindustan Copper Ltd is likely to hit the market on December 6.

The offering will close for bidding on December 9, sources told PTI.

Hindustan Copper Ltd (HCL) filed draft prospectus with the Securities and Exchange Board of India in September for its proposed 20 per cent share sale programme.

In the 20 per cent share sale, the government is selling 10 per cent of its stake, while the company would issue fresh equity in the same proportion.

HCL's 0.41 per cent stake is already with the public. The proposed FPO will see the government holding coming down to 81.45 per cent from 99.59 per cent at present.

Shares of the company were trading at Rs 441 on the Bombay Stock Exchange, up 0.07 per cent from the previous close.

In July, the copper producer appointed UBS Securities, ICICI Securities, SBI Capital, Kotak Mahindra and Enam Securities to manage the issue.

Mines Minister B K Handique had earlier said the share sale could generate around Rs 4,000 crore. The Cabinet had cleared disinvestment plans of HCL in June.

The company had earlier said it would embark upon increasing its mining capacity from the present 3.2 million tonne annually to 12 million tonne in the next five-six years, at a capital investment of Rs 4,580 crore.

The company is also eyeing copper assets in countries like Chile, Namibia and Afghanistan, besides forging an alliance with another mining PSU Nalco.

The government aims to raise Rs 40,000 crore through divestment this fiscal. The other disinvestment candidates for FY10 include Coal India, SAIL, MMTC and MOIL.

It had raised Rs 25,000 crore through stake sale in Oil India, NMDC , REC and NTPC last fiscal.

Friends, Any idea which are upcoming IPO's for next week ?
So that we dont be in hurry for PGCIL FPO and wait for good output.

Dear Natarajan,
both combined will be less than powergrid size.So no problem for govt.

ALLOTMENT DATE ?

332. DAY TRADER

Please mind your language...

moderator please ban this person he is using offensive language in all his comments

BUY

IBULLS REALTY.......
TARGET 300.....
BY APRIL 2011.....

Shipping corporation & Manganese ore both are expected to open in Nov ending.So twin dhamaka in IPO bazar .

Listing date is around 15 nov and allotment date is by weekened - 11 or 12 th of nov, but i dont thnk so there will be any allotment for low investors.

what is allotment and LISTING date of gravita?

IS EVERY RETAIL PERSON GET ONE SINGAL LOT OR NOT,,,,,, I DONT TAINK THAT GIL GIVE ANY ALLOTMENT TO SINGLE LOT TO INVESTER

What is the expexted listing date? Also When is the allotment date and basis of allotmnet

what is thew allotment ratio of gil

How many allotment is feasible for 400 applied in Gravita india ltd ?

Thanks 315, 316 ( new IPO ) and 317 (was nat ) for valuable information.

gravita listing on nov 15th..

HAPPY DIWALI

Name on application should exactly match as the name in demat account.If it is in joint names one should applyn in joint names

anyone plz explain wat is the allocation criteria for FPOs? Is it same as IPO and do we have any sort of listing gains in FPOs as well after two weeks?

power grid discount of 5% confirmed... all retailer and employee get 5% discount