Rel Power IPO opens on Jan 15

Rel Power IPO opens on Jan 15
Moneycontrol.com

Reliance Power today filed the red herring prospectus (RHP) with the Registrar of Companies, Maharshtra, Mumbai (ROC), for its proposed initial public offering (IPO).

Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share. To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price. Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment. The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008. Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets.

Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters. The balance 22.8 crore equity shares would constitute the net issue to the public. The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.

Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.

The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.

Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J.P. Morgan India Private Limited are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the issue.

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Reliance Power IPO opening on Jan 15th 2008
Rupya.com

Issue Details
Reliance Power to issue 26 crore equity shares of Rs 10 each

Issue Contribution :>Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
>The balance 22.8 crore equity shares would constitute the net issue to the public.
>The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.

Issue Price :Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.For Retailers we can apply at 430 rs ,which is approximately less by 5% of theissue price.so we get at discounted rate by 20 rs.

Payment Option : Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.

Issue Date :The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.

Other related articles:
Rel Power IPO opens Jan 15; eyes Rs 115 bn



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Sensex ends 120 pts down : Sify

Sensex ends 120 pts down

NSE 6178.55 0.85
BSE 20345.20 120.10

Power stocks, led by Reliance Energy and, oil majors, spearheaded by heavyweight Reliance Industries, held sway even as stocks from banking, information technology, realty, healthcare and FMCG sectors drifted lower on sustained selling today.

The market, taking weak global cues, opened on a negative note this morning. Though the Sensex bounced back smartly within the next few minutes, due to stiff resistance faced by several frontline stocks, it slipped into the red once again. The Nifty, which shot up to a new high of 6230.15 a little before noon, however, stayed firm in the positive zone for a long time thanks to the strength displayed by its power and oil sector components.

While the Sensex, which touched a high of 20,519.70 and a low of 20,293.87 in intra-day trades, ended at 20,345.20 with a big loss of 0.59% or 120.10 points, the Nifty settled at 6178.55, almost unchanged from its previous closing figure of 6179.40.

Several mid and smallcap stocks firmed up to higher levels and held on to their gains till a little past mid afternoon. As selling pressure gathered force during the final hour, even these stocks began to drift lower. The Midcap and Smallcap barometers ended marginally down.

Though shares of Reliance Energy were in great demand, it was NTPC, which moved up by 7.6% to Rs 276.70, which ended as the biggest gainer from the Sensex pack today. Reliance Energy, which hit a new lifetime high of Rs 2585 (Rs 2584.80 on NSE), settled with a 6.45% gain at Rs 2517.40.

ONGC (up 2.9% to Rs 1305.90) and Reliance Industries (up 1.45% to Rs 2902.90) and Hindustan Unilever (up 3.55% to Rs 222.95) were the other Sensex stocks in demand today. DLF ended higher by around a quarter per cent while Reliance Communications and Tata Motors closed with minor gains.

IT majors Infosys Technologies (down 2.05%), Satyam Computer Services (down 2.3%), Tata Consultancy Services (down 2.95%) and Wipro (down 3%) and banking sector heavyweights ICICI Bank (down 3%), State Bank of India (down 1%) and HDFC Bank (down 1.2%) contributed significantly to the market's negative close today.

Grasim Industries ended lower by around 4%. ACC, Ambuja Cements, Bharti Airtel, BHEL, Cipla, Hindalco, ITC, Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki and Ranbaxy Laboratories lost 1% - 3% today. Tata Steel (down 0.85%) and Bajaj Auto (down 0.75%) also closed with sharp losses. HDFC eased by 0.35%.

Nifty stocks Cairn India (4.7%), BPCL (4.1%), Tata Power (3.85%), Suzlon Energy (2.45%), Reliance Petroleum (2%) and GAIL India (1.3%) finished on a firm note.

VSNL, Dr Reddy's Laboratories, Sun Pharmaceuticals, SAIL, Unitech, Sterlite Industries, HCL Technologies, Punjab National Bank, Siemens and GlaxoSmithKline Pharma ended with sharp losses today.

Gujarat Industries & Power hit the 20% upper limit. Moser Baer ended with a hefty gain of 11.45%. Hindustan Petroleum Corporation, Neyveli Lignite Corporation, Jaiprakash Associates, EIH Limited, Hinduja Ventures, Colgate Palmolive, Jindal Saw, HMT, National Fertilizers, Rashtriya Chemicals & Fertilizers, Finolex Industries and Tata Elxsi also closed on a high note.
Indo Rama Synthetics, Spice Telecom, FDC, Mirc Electronics, Castrol India, VSNL, ING Vysya Bank, CMC, Kotak Bank, Apollo Tyre, Hexaware, Ballarpur Industries and Puravankara Projects closed with sharp losses.

The market breadth remained positive thanks to buying in midcap and smallcap segments. Out of 2954 stocks traded on BSE today, 1613 stocks closed with gains. 1320 stocks ended lower and 21 stocks ended at their previous closing levels.

On a very weak session, new entrants Burnpur Cement and BGR Energy stood tall. While Burnpur Cement ended the day at Rs 49.70, a massive gain of 314.2% over its issue price, BGR Energy settled at Rs 902, up 88% over its IPO price of Rs 480. Both these stocks attracted strong volumes on the bourses.

Other Sify stories

SAIL, Tata Steel form JV
Jindal Saw gets $250 m orders

'Tata is preferred bidder for Jaguar-LR'

Bizman of '07: H-P's CEO pips Mittal, Ambani

Rajesh Exports sees FY08 net profit at Rs 200 cr

Most desired videogames of 2007

Crude oil price touches record $100 per barrel mark

BGR Energy Systems up 75% on debut

Reliance Power IPO in Rs 415-450 range

In Focus: Ahluwalia Contracts

Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Economic Times Stories

http://economictimes.indiatimes.com/


India Inc to unlock Rs 50K cr from group cos
Experts' view on Mkt '08

India Inc to face retention issues in 2008
India Inc's business confidence picks up
India Inc falters, net profit rises at a slower rate in H1 '07-08
Bankers look to a happy rate-cut 2008
FM unfazed by global concerns, aims for 9% growth
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Top brands spend Rs 150 cr to start 2008 with a bang
Govt likely to arm NTPC with financial power
Goa govt scraps 12 SEZs
Sensex mini derivatives MSX at 113 premium
Indices kick start New Year on flat note

Midcap, smallcap buzz amid range bound trade
Weak start to 2008; mid-, small-caps steal show
Indices range-bound; Reliance Energy, ITC lead

M&A wave likely to continue in '08
Expect PE deals to have a blast this year
Bourses pull up over 100 companies in 2007
2008 promises bigger opportunities for IT industry



Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Deadpresident Blog Updates

http://www.deadpresident.blogspot.com


NSE Bulk Deal Watch
Market Close: Cautious start but its mid caps time !
BSE Bulk Deals to Watch

Insider Trading - SEBI proposes consultative paper
Reliance Power - ICRA assigns 4/5 Rating
Post Market Commentary

Sensex gains in lacklustre New Year trades
Sensex settles a tad above 20,300
Strategy, Economy, HDFC
Godrej land bank unlocking
Biggies sell

Tata Chemicals
Ankur Drugs
Macmillan India
US Market ends 2007 with a whimper
Transformers Sector



Source: http://www.deadpresident.blogspot.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Moneycontrol.com, Myiris.com Updates

Moneycontrol.com

Day 1, 08: Frontliners end quiet, midcaps party
Sebi to propose short swing rule: Srcs
RBI for short selling of shares from Feb 1: Srcs

Mkt to offer modest returns in 2008: UBS Sec
Sensex target for 2008 at 22k-24k: Poll
High returns unlikely in '08: Mark Mobius

Dec, Feb bode well for mkts
Central Bank of India targeting NIM at 3.10% in FY08
Glenmark Generics IPO by June 2008

UCO Bank may raise Rs 450 cr via FPO
Blockbuster IPOs: Orbit Corp, Everonn, MIC Electronics
Multi-venture Indiabulls to fly high

Will power & tech stocks strengthen in 2008?
Nifty may see heavy dip in early Jan: K&A Sec
BGR Energy Systems to list on Jan 3, 2008

Mkts may surprise either ways in 2008
MINIFTY will start on Jan 1, 2008

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Myiris.com

Brokers Outlook: Market expected to be rangebound
No load to enter in MF schemes
Tax collections rise 42%;will cross Rs 3 tn :FM

ICRA assigns IPO Grade 4 to Reliance Power
India`s export rise 26.82%, imports up 29.26%
Goldman Sachs, Macquarie to buy 20% stake in PTC India
NAVs of equity-diversified funds rise 9.52% in a month
TVS Motor`s December sales down 5%

Uttam Sugar net falls 69% in Sep`07 qtr
UCO Bank eyes merger by March 08
Cabinet to mull waiving Rs 10 bn investment ceiling on NTPC


Source: Above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

VC, PE updates,Jobs from VCCircle.com, Indiape.com

VCCircle.com

NDTV Promoters Buy Back 7.73% From General Atlantic
Happy New Year! And A Thank You Note
Gateway Rail Freight To Raise Funds From Private Equity

Aksh Optifibre Plans To Raise $50 Million; Temptation Foods $200 Million
Coal Ventures International Seeks Global I-Bankers For M&A
Multicommodity Exchange of India Plans IPO
FDI In Retail In 3 Phases: Consumer Electronics, Sports Goods May Be First

------------------------------------------------
IndiaPE.com

VCs gear up for more investments in 2008
3i India invests 101 mn dollar in Hyderabad based firm
PE funds set to play bigger role in `08

M&A wave likely to continue in ’08
Expect PE deals to have a blast this year
Experts forecast $20 bn investment in 2008 : ET

Austrian co to pick up 26% stake in Neolite
VC funds log out of IT firms



Source: http://www.vccircle.com and www.indiape.com thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex, Nifty end with small gains : Sify India

Sensex, Nifty end with small gains
Chhota-Sensex pitted against mini-Nifty

Year 2007 ends on optimistic note, Sensex gains 80 pts


The first session of calendar year 2008 saw quite a number of blue chip stocks from power, realty and FMCG sectors gaining in strength. A few stocks from auto, banking and capital goods sectors also found support during the fag end of the day.


However, due to lack of triggers, it turned out to be rather lackluster session for several front line stocks. Mid and smallcaps, however, found strong support once again and posted impressive gains.


While the Wall Street closed on a negative note yesterday, most of the markets in Asia remained closed on account of New Year's Day today. Not willing to take chances ahead of the reporting season, participants chose to tread a cautious path and, as a result, notwithstanding a few smart intra-day rallies, many index stocks struggled to make a headway today.


The Sensex, which opened with a positive gap of around 38 points at 20,325.27 and touched a high of 20,394.89 in intra-day trade, settled at 20,300.71 with a small gain of 13.72 points. The Nifty ended at 6144.35, way down from a high of 6165.35 it had hit in intra-day trades, with a marginal gain of 5.75 points. While the Sensex touched a low of 20,220.46 in morning trade, the Nifty had dropped down to 6109.85.


Power stock Reliance Energy was the biggest gainer among Sensex stocks on Day 1 of Year 2008. The stock, which hit a new all-time high of Rs 2289 today, ended with a sparkling gain of 6.8% at Rs 2279. NTPC surged 2.7% on strong buying on the back of reports that the government may vest the management with more powers on finance front.


FMCG heavyweights ITC and Hindustan Unilever closed stronger by 3.5% and 2% at Rs 217.60 and Rs 218.10 respectively. Tata Motors rallied 2.85% to Rs 763.05. Housing finance stock HDFC moved up by 1.65%. Ambuja Cements (1.1%), ONGC (1.05%) and State Bank of India (0.6%) also ended with smart gains.

Mahindra & Mahindra gained around half a per cent. ACC, Hindalco, HDFC Bank and Maruti Suzuki edged up marginally. BHEL ended almost unchanged from its previous closing price.
IT stocks Tata Consultancy Services (down 2.7%), Wipro (down 2.7%), Satyam Computer Services (down 1.2%) and Infosys Technologies (down 1.05%) remained out of favour.

Bharti Airtel and Reliance Communications, the telecom majors, went down by 2.7% and 0.75% respectively. Index heavyweight Reliance Industries eased by 1.15%. Ranbaxy Laboratories, Larsen & Toubro, Cipla, DLF and Bajaj Auto closed lower by 0.25% - 0.75%. Tata Steel and ICICI Bank finished with marginal losses.

Tata Power firmed up by over 5%. Nalco gained nearly 5%. Unitech notched up an impressive gain of 3.7%. Siemens, Reliance Petroleum, Punjab National Bank, GlaxoSmithKline Pharma and Suzlon Energy posted sharp to moderate gains today.

HCL Technologies, Idea Cellular, SAIL, Zee Entertainment and Dr. Reddy's Laboratories closed with sharp losses. BPCL, Sun Pharmaceuticals, Sterlite Industries, GAIL India and ABB also ended on a weak note.

JB Chemicals and Indo Rama Synthetics moved up by 20%. Apollo Hospitals, EIH Limited, Indian Hotels, Indian Overseas Bank, Allahabad Bank, Asahi India, MTNL, Dena Bank, Apollo Tyres, ING Vysya Bank, HDIL, Vijaya Bank, Indian Bank, Andhra Bank, Brigade Enterprises, Parsvnath Developers and Syndicate Bank also closed with handsome gains.


Midcap stocks JM Financial Services, UCO Bank, Gujarat NRE Coke, Greaves Cotton, Nava Bharat Ventures, Advanta, Asian Star, Kalyani Steel, Asian Electronics, Shiv Vani Oil, Nucleus Software, Atlas Copco, Zee News and GTL Infrastructure flared up smartly.

Among smallcaps, Batliboi, VST Industries, Macmilan, Hindustan Sanitaryware, Genus Power, Venus Remedies, Garden Silk, Kirloskar Ferro, Mather Pumps, Navneet Publications, Fedders Lloyd, Monnet Ispat, Tata Sponge, Paramount Communications and Agro Tech Foods were among the big gainers today.

IFCI, Essar Oil, Reliance Capital and GTL Infrastructure moved up sharply on strong volumes today.

As buying remains fairly widespread, the market breadth was pretty strong today. Out of a total of 2934 stocks traded on BSE, as many as 2282 stocks closed on a winning note. 626 stocks finished with losses and 26 stocks ended at their previous closing levels.

Other Sify Stories

Tata Steel to increase capacity
Godrej Ind signs pact with RFCL
IRDA chief’s wish-list for 2008
Making the REIT move

Bourses pull up over 100 cos in'07
High growth rate to repeat in 2008
New Year brings cheers to investors
ICICI Bank picks up 5.01% stake in Mascon Global

AXIS Bank Q3 results on Jan 9
Videocon, Jindal Photo, NBCC, Indo Rama plan power foray
Mutual fund schemes with power sector exposure sparkle


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Recap from 2007 articles-3

Six Indians on Forbes' self-made billionaires list...

Angel investor: A life line for rookie entrepreneu...

K.V. Kamath is Forbes Asia bizman of the year : Si...

Tata, Nooyi among top 25 biz powerhouses: Sify.Com...

Most Respected Companies Survey : BusinessWorld

India hits second spot on entrepreneur rankings

13 Indian cos amongst Asia`s growing firms : Myir...

5 Indians among Top 25 Asian entrepreneurs

Digital Versions of Business Today, MoneyToday

About : Warren Buffet, George Soros

India's 40 Richest : Forbes

India Shines

India's 40 Largest Companies: Forbes, USA

The best companies to work for in India

Top companies, Women, Men etc in the World


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October

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India turning into a hotspot for capital : ET Stor...

The World's Top Microfinance Institutions : Forbes...

Putin - Times Person of the Year : AOL India

Tatas, worlds 3rd most transparent co : Rediff.com...

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Indias richie rich : Sify.com

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