*Hi,*** *Here are some IPO Updates, check them out below. Join and **SUBSCRIBE<http://bit.ly/stockmarketindiaupdates>5400+ subscribers community who are getting daily updates **like these from us.*
* Meanwhile, would you please check out these free offers below and register: - Grab free trial for 14 days <http://bit.ly/84XLnd> from Morningstar Investments - Free charting tools at ADVFN <http://bit.ly/advfn> FREE stock charts. * - Persistent Systems IPO Subscription Details<http://www.stockmarketindia.net/persistent-systems-ipo-allotment-and-subscription-details/> Persistent Systems IPO opened on 17th March 2010 and closed on 19th March and has been oversubscribed by 93 times. The retail portion was subscribed 22 times, institutional portion went for 144 times, while the non-institutional chunk was subscribed 107 times. Enam Securities Pvt Ltd and J.P. Morgan India Pvt Ltd are the managers to the issue. - Coal India IPO in July 2010<http://www.stockmarketindia.net/coal-india-ipo-in-july-2010/> India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July. The government, which holds 100 per cent stake in CIL, will divest 10 per cent through an initial public offer (IPO) of 63.1 crore shares. The company will reserve 6.3 crore shares for its employees. - IPO Analysis Review - Goenka Diamond and Jewels - Avoid<http://www.stockmarketindia.net/ipo-analysis-review-goenka-diamond-and-jewels-avoid/> Goenka Diamond and Jewels IPO is open from March 23 to 26. On offer are one crore shares. SBI Capital Markets is the lead manager to the issue. In its price band of Rs 135-145, the offer values the company at 10.7-11.5 times the annualised per share earnings on a post-issue capital. While not very expensive in absolute terms, this is at a premium to listed players such as Gitanjali Gems. At the upper end of the price band, the company will raise Rs 145 crore, to be deployed towards expanding its retail chain, increasing manufacturing capacities and investment in an overseas subsidiary. - IPO Analysis Review - IntraSoft Technologies - Avoid<http://www.stockmarketindia.net/ipo-analysis-review-intrasoft-technologies-avoid/> IntraSoft Technologies IPO is looking to raise Rs 53.6 crore at the upper end of the price band (Rs 137-145). The proceeds are to be spent in branding and promotion and for purchasing a corporate office in Kolkata. Investors can give the initial public offering of IntraSoft Technologies a miss, given the stiff challenges that the company faces in terms of scalability and ability to attract advertising revenues. The company owns the Web site 123greetings.com. At Rs 145 (upper end of price band), the company asks for 36 times its likely per share earnings for FY10. This makes the offer quite expensive given that it is the same level that Info Edge (which owns naukri.com), which generates more than 10 times the revenues of IntraSoft, commands. Thanks, Stock Market Investor Add to Yahoo: stockmarketindia24 Follow me on twitter - http://twitter.com/smi24 -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
