94. R R Patel| Link| Bookmark|
April 15, 2017 3:00:10 PM
IPO Mentor (800+ Posts, 3400+ Likes)
To abide by the mandated 25% public shareholding in companies and unlock their value, the Cabinet Committee on Economic Affairs (CCEA) on April 12, 2017 approved listing of 11 central public sector enterprises (CPSEs) in the equity market.
The list includes railway subsidiaries 1.Rail Vikas Nigam Ltd, 2.IRCON International Ltd, 3.Indian Railway Finance Corp. Ltd, 4.Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and 5.RITES Ltd.
The other PSEs cleared for listing on stock exchanges include three defence ministry enterprises— 6.Bharat Dynamics Ltd, 7.Garden Reach Shipbuilders & Engineers Ltd 8.Mazagon Dock Shipbuilders Ltd— 9.MSTC Ltd and 10.Mishra Dhatu Nigam Ltd under the administrative control of the steel ministry, and 11.North Eastern Electric Power Corporation Ltd under the power ministry.
CCEA also approved a discount of up to 5% of the issue price for retail investors and eligible employees of the 11 CPSEs with a view to ensuring wider participation by small investors in the disinvestment programme.
The government said in a statement that the stake sale may include offers of fresh shares for raising resources from the market. “However, actual disinvestment in respect of each CPSE along with the mode of raising resources has been delegated for decisions on a case-by-case basis to the Alternative Mechanism, headed by the finance minister,†it added.
The government set a target of mobilizing Rs46,500 crore from the sale of minority stakes and Rs15,000 crore from strategic disinvestment in the 2017-18 budget.
Also, the listing of the CPSE on the stock market needs to be completed within 165 days of the administrative department giving its nod.
Bought South Indian bank last week. Planning to go long on this. Impressed by stock performance after right issue. Though this stock didn''t participate in rally yet. I think now it will participate in rally. Good candidate for acquisition for big players kotak, yes, axis.
90. MINTO| Link| Bookmark|
April 15, 2017 1:34:52 AM
Top Contributor (400+ Posts, 400+ Likes)
bai log InfoBeans Technologies Ltd IPO ke bare me app log ki kya rai hai
You are right brother for S.Chand and Company IPO As per my understanding about EPS As shown below. (any one may correct me) EPS for FY13-14 >>> Rs.16.60 (Page #114 of DRHP) EPS for FY14-15 >>> Rs.10.52 (Page #114 of DRHP) EPS for FY15-16 >>> Rs.17.09 (Page #114 of DRHP) No. of share 0.20 Million share(F.V.Rs.10) EPS for Q116-17 >>> Rs.(9.52) (not annualised) No. of share 29.84 Million share(F.V.Rs.5)
84.1. dpcdsl| Link| Bookmark|
April 14, 2017 1:54:09 PM
Top Contributor (400+ Posts, 200+ Likes)
SEBI does not fix or approve price. They allow size and floating of issue. A retail investor''s decision for investment may be dependent on QIB and HNI for whom bidding is mandatory as they can not apply at ''cut off''. It may be possible that few fund managers are influenced or bribed. One should be himself cautious and there is no use of blaming other. If you are not comfortable, do not apply, or may sell form to gain something.
83. PearlRohit| Link| Bookmark|
April 14, 2017 12:13:18 PM
Top Contributor (200+ Posts, 100+ Likes)
VERY VERY EXPENSIVE OFFER PRICE. RS. 570 X 2 (SO F.V. RS. 5) = ACTUAL PRICE RS. 1040=00 SOLD APPLICATION GRAY MARKET & APPLY
83.1. ShareView| Link| Bookmark|
April 14, 2017 12:25:13 PM
IPO Guru (2600+ Posts, 3700+ Likes)
570 × 2 = 1140
🙏👍
82. ShareView| Link| Bookmark|
April 13, 2017 7:37:10 PM
IPO Guru (2600+ Posts, 3700+ Likes)