Saturday, November 24, 2012

IPOs in December 2012

With the successful IPO issue of Mumbai based Tara Jewels, IPO market seems to have seen the light at the end of the tunnel. The issue, which closed on 23rd November, was oversubscribed 1.97 times. 

There are some five to six IPOs lined up for subscription in December which includes popular names like Bharti Infratel and CARE among others. Following are the details of issues up for grab in the following month:

Veto Switchgears
Issue Size: Rs 25 cr
Timeline: 3rd December 2012
The Co. Manufactures and sells wires, cables and electrical accessories, has a diversified product basket, which includes around 20 product categories.

Bharti Infratel
Issue Size: Rs 5000 cr
Tentative Timeline:11th December 2012
The Compnay is one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates.

PC Jewelers
Issue Size: Rs 575 cr
Tentative Timeline: December 1st week
Delhi-based jeweler, which currently has 20 stores, the brand has many showrooms in 8 states of India.

Issue Size: Rs 500 - 700 cr
Tentative Timeline: 4th week of December
CARE is a popular Rating Agency in India having competition with CRISIL and ICRA.

IFCI Factors
Issue Size: Rs 175 - 200 cr
Tentative Timeline: December-January
The Co. is a leading financial institution of India. Products and services include Domestics sales factoring, purchase bill discounting, export sales bill discounting and corporate loan.

V Mart
Issue Size: Rs150 - 200 cr
Tentative Timeline: Dec
Chain of “Value Retail” departmental store located more than 59 stores across 51 cities including metro cities with a total area of more than 4 lac sq.ft.

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