VCCircle.Com
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Indiape.Com
VenturEast unveils $150mn multi-stage technology fund
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Infosys looking at 15 $100mn deals overseas in 10 months
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delweiss Capital IPO : Edelweiss IPO opens on Nov 15th
Review and Analysis of Edelweiss Capital IPO :
About Edelweiss Capital Limited :
Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.
Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.
In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.
Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for, enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.
Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov
Following the successful IPO done by Religare Enterprises IPO, Edelweiss Capital Limited is also coming out with an IPO issue through the book building route. Edelweiss Capital Limited is a competitor of Religare Enterprises Limited. Edelweiss Capital IPO opens for subscription on November 15, 2007 and will close for subscription on 20th November 2007. The face value of shares of Edelweiss Capital Limited offered through the proposed IPO would be Rs. 5 each. Edelweiss Capital Limited has fixed the price band for the IPO between Rs. 725 and Rs. 825 per share. Post IPO, the shares of Edelweiss Capital Limited will be listed both on NSE and the BSE. The lead managers for the Edelweiss IPO issue are Kotak Mahindra, Citigroup Global Markets and Lehman Brothers. Intime Spectrum is the registrar for the IPO. CRISIL has given a grading of 4/5 for the Edelweiss Capital Limited IPO. However keep in mind that these ratings don’t make much sense. They only tell investors how the company is placed fundamentally, with respect to its competitors. The rating does not take into account the valuation of Edelweiss IPO. Apparantly, Edelweiss IPO has been priced more aggressively compared to the religare IPO. But in such a strong bull run, no matter how aggressively a company prices its IPO, its bound to get oversubscribed heavily. A decision on whether to apply in the Edelweiss Capital IPO or not can be taken on Nov 20, after looking the Edelweiss IPO subscription details till Nov 19, 20007. For updates on the Edelweiss IPO subscription details and Edelweiss IPO allotment status do visit this site often.
State Trading Corporation Bonus Issue Details
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