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Tara Health Foods, a producer of edible oil and cattle/poultry feed, has extended the closing date for its one crore equity shares IPO, due to lukewarm response from investors. The issue, which was supposed to close on April 30, has been subscribed just 3% so far, as per data available on the NSE website.

The company has also revised the price band to Rs 175-185 per share from earlier of Rs 180-190. Now, the issue will be closed on May 5 instead of April 30, 2010.

Issue Terms
Issue price / Floor Price (Rs)     175-185
Application per share (Rs)     175.00
Minimum investment amount (Rs)     5,250.00
Minimum bid (no of shares)     30 shares and in multiples of 30 thereafter
Maximum Shares for Retail     570-540

Issue Date and Size

Issue opens     28-Apr-10
Issue closes     05-May-10
Listing on     BSE, NSE
Issue size (Rs cr)     175-185
Mkt cap at issue price (Rs cr)     525.77-555.81

Share on Offer

Lakhs
Total shares offered     100.00
Of above, offered to public     100.00
Post-issue shares     300.44
Post-issue promoters’ holding(%)     66.72

Investor Information

Lead Manager(1)     Atherstone Capital Markets Limited
E-mail     ipo@atherstone.in
Lead Manager(2)
E-mail     N.A.
Registrar     Bigshare Services Private Limited
E-mail     ipo@bigshareonline.com

Company Contact Details

Company’s address     3rd Floor, Mall Plaza, Fountain Chowk, The Mall, Ludhiana, Punjab
Pincode     141001
Tel No.     91 0161 5019711
Fax No.     91 0161 5019711
Website     http://www.tarahealthfoods.com

Issue Terms

Issue price / Floor Price (Rs)     23-26
Application per share (Rs)     23.00
Minimum investment amount (Rs)     5,750.00
Minimum bid (no of shares)     250 shares and in multiples of 250 thereafter
Maximum Shares for Retail     4250-3750

Issue Date and Size

Issue opens     29-Apr-10
Issue closes     03-May-10
Listing on     BSE, NSE

Issue size (Rs cr)     954.50-1079
Mkt cap at issue price (Rs cr)     9514.24-10755.22

Share on Offer

Lakhs
Total shares offered     4,150.00
Of above, offered to public     4,116.50
Post-issue shares     41,366.26
Post-issue promoters’ holding(%)     89.97

Investor Information

Lead Manager(1)     JM Financial Consultants Pvt Ltd
E-mail     sjvnipo@jmfinancial.in
Lead Manager(2)     IDFC Capital Ltd
E-mail     sjvnl.ipo@idfcsski.com
Registrar     Link Intime India Pvt Ltd
E-mail     sjvnl.ipo@linkintime.co.in

Company Contact Details

Company’s address

SJVNL, Himfed Building, New Shimla, Himachal Pradesh
Pincode     171009
Tel No.     91 177 267 0741
Fax No.     91 177 267 0542
Website     http://www.sjvn.nic.in

Issue Terms
Issue price / Floor Price (Rs)     102-117
Application per share (Rs)     102.00
Minimum investment amount (Rs)     5,100.00
Minimum bid (no of shares)     50 shares and in multiples of 50 thereafter
Maximum Shares for Retail     950-850

Issue Date and Size

Issue opens     29-Apr-10
Issue closes     04-May-10
Listing on     BSE, NSE

Issue size (Rs cr)
Mkt cap at issue price (Rs cr)     N.A.

Share on Offer

Lakhs
Total shares offered     N.A.
Of above, offered to public     N.A.
Post-issue shares     N.A.
Post-issue promoters’ holding(%)     N.A.

Investor Information

Lead Manager(1)     Morgan Stanley India Company Pvt Ltd
E-mail     jil_ipo@morganstanley.com
Lead Manager(2)     DSP Merrill Lynch Limited
E-mail     jil.ipo@baml.com
Registrar     Karvy Computershare Pvt Ltd
E-mail     einward.ris@karvy.com

Company Contact Details

Company’s address

Sector 128, District Gautam Budh Nagar, Noida, Uttar Pradesh

Pincode     201 304
Tel No.     91 120 4609 000
Fax No.     91 120 4609 783

Website     http://www.jaypeeinfratech.com

Today Sensex Down -357.54 and Nifty Down -108.20 Points

Today’s top gainers were Spice Tele, Genesys, HGSL, HOCL, Suprajit & losers were DLF, Reliance Infra, Unitech, Sail, Reliane Capital.

After the acting Finance Minister Pranab Mukherjee met with the heads of various public-sector banks, expectation is rife that bankers may cut rates in response to the rate cuts effected by the Reserve Bank of India (RBI).

The acting Finance Minister, along with the Deputy Governor of RBI, said the meeting was aimed at looking for solutions to counter the adverse impact of the uncertainty in the global economy.

Mukherjee said that there is a need to concentrate on domestic demand creation. “We must support the development of those sections, which will immediately boost growth and throw up employment opportunities. In view of contracting global demand, we have to focus on development of domestic demand by primarily stimulating demand in the rural areas and in highly labour-intensive sectors,” he said.

After the Reserve Bank of India cut rates, banks have, for long, been expected to follow suit and cut their benchmark rates. Finance Secretary Arun Ramanathan said he expected bank to cut deposit rates.

Emerging from the meeting, KC Chakrabarty, the CMD of Punjab National Bank, said the bank has already cut the primary lending rates and that should translate into reduced home lending rates. He further added that the bank will cut rate as inflation falls. According to him, there is a scope for 200 basis points reduction in lending and deposit rates. UCO Bank CMD SK Goel also said he saw a scope for a 100-200 bps reduction in lending and deposit rates.

There were also reports that Corporate Bank will reduce deposit rates from tomorrow by 50-75 bps. Reports added that bank will reduce lending rates in retail sector by 50-100 bps.

Issue Terms
Issue price / Floor Price (Rs)     55-60
Application per share (Rs)     55.00
Minimum investment amount (Rs)     N.A.
Minimum bid (no of shares)     N.A
Maximum Shares for Retail     N.A

Issue Date and Size

Issue opens     05-Feb-09
Issue closes     09-Feb-09
Listing on     BSE, NSE
Issue size (Rs cr)
Mkt cap at issue price (Rs cr)     N.A.

Share on Offer

Lakhs
Total shares offered     39.73
Of above, offered to public     N.A.
Post-issue shares     N.A.
Post-issue promoters’ holding(%)     N.A.

Investor Information

Lead Manager(1)     Keynote Corporate Services Limited
E-mail     N.A.
Lead Manager(2)     Ashika Capital Limited
E-mail     N.A.
Registrar     Karvy Computershare Private Limited
E-mail     N.A.

Company Contact Details

Company’s address     Karvy House,46,
Avenue 4, Street No.1,
Banjara Hills, Hyderabad
Pincode     500 034

Issue Terms
Issue price / Floor Price (Rs)     75-80
Application per share (Rs)     75.00
Minimum investment amount (Rs)     5,625.00
Minimum bid (no of shares)     75 and in multiples of one equity share thereafter
Maximum Shares for Retail     1275-1200

Issue Date and Size

Issue opens     03-Feb-09
Issue closes     06-Feb-09
Listing on     BSE, NSE
Issue size (Rs cr)     41.25-44
Mkt cap at issue price (Rs cr)     88.89-94.82

Share on Offer

Total shares offered     55.00 (Lakhs)
Of above, offered to public     55.00 (Lakhs)
Post-issue shares     118.53 (Lakhs)
Post-issue promoters’ holding(%)     51.40 (Lakhs)

Investor Information

Lead Manager(1)     Almondz Global Securities Limited
E-mail     gemini.ipo@almondz.com
Lead Manager(2)
E-mail     N.A.
Registrar     Karvy Computershare Private Limited
E-mail     gemini.ipo@karvy.com

Company Contact Details

Company’s address     501, Palm Spring, Link Road,
Next to ‘D’ Mart,
Malad (West),
Mumbai.
Pincode     400 064
Tel No.     91-22-28808822
Fax No.     91-22-28808998
Website     http://www.geminief.com

Bhaskar Bhat, MD, Titan, said sales growth in the watches segment picked up in the second half of January. “Thus we expect the watches segment to grow by 12-15% in the coming quarter.”

Bhat said large format stores have been lagging behind, but added that the company’s precision engineering division has been growing at a robust pace.

He, however, said there have been EBIT losses in the others segment on account investments in eyewear business.

As prospective bidders for crisis-ridden Satyam Computer Services start lining up, industrialist BK Modi’s Spice Communication joined the fray to buy out the troubled IT firm.

Modi, however, made it clear that the telecom group would be interested in buying out Satyam and that it was not looking at a piecemeal acquisition. He added that he saw Rs 2,000 crore as a benchmark for Satyam.

“It (Satyam’s price share value) has to between Rs2–Rs 60 depending on the auction price. We will bid in an auction because that will be competitive, [and based on that] the number of shares will be decided,” Modi said, adding that the company did not have any Satyam shares either now or in the past.

Modi also said the Spice had a full team in place for Satyam, in case of a takeover. He added that Spice had written a letter to the Satyam board but had not received a response yet.

“I understand that they (the Satyam board) are meeting on the February 5,” Modi said, adding that Satyam needs an immediate infusion of capital of around Rs 2,000 crore. Money should enter Satyam through preferential allotment of shares, he added.

Spice, Modi added, did not fear liabilities. “We are ready to take some risk on this. We are ready to go on as-and-where basis, provided there is an open auction system. There should be an electronic auction, which is now quite prevalent and is transparent.”