Indian Stock Market News, Information, Tips, Investment, IPO Details, Analysis Report

The markets have taken huge beating after inflation numbers, which stood at 11.05% for the week ended June 7 as against 8.75% in earlier week. It is at 13-year high and the main reason was oil price hike, which happened at the end of last month.

Analysts say that we can see more action in the Repo and CRR rate. They say the RBI would come out with some measures on the rate and liquidity side much before the July policy.

At 12:00 pm, the Sensex was down 262 points at 14,825 and the Nifty down 87 points at 4,417. Huge shorts have generated for the month of July. The Nifty June Futures was trading at 29 points discount and July Futures at 41 points discount.

BSE Realty Index hammered a lot, down over 3%. Auto, FMCG, Bankex were down over 2%.

The IPO of Sejal Architectural Glass has received good response and has oversubscribed by 9.90 times. It has received total bids for 9.10 crore equity shares as against issue size of 91,94,155 shares.

Non-institutional investors have given strong support to the issue, their reserved portion subscribed 33 times followed by QIBs and Retail investors, which portion subscribed 4 times and 8 times, respectively.

First Winner Industries presently engaged in the manufacture of grey fabrics and in trading of textile fabrics which are supplied to various wholesalers, apparel and garment manufacturers, announced that its public issue, which was initially slated to close on June 12, will now close on June 17. The price band has been revised downwards from Rs 120-130 to Rs 115-125. As on June 12 the issue had received bids for 40.69 lakh shares as against issue size of 55,00,000 shares and was subscribed only 0.74 times.

The issue had opened for subscription on June 9, 2008 with an Initial Public Offering (IPO) of 55,00,000 Equity Shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

The Equity Shares are proposed to be listed on Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). Almondz Global Securities Limited is the sole Book Running Lead Manager (“BRLM”) to the Issue.

Lotus Eye Care Hospital IPO Details

Issue Terms
Issue price / Floor Price (Rs)     38-42
Application per share (Rs)     N.A.
Minimum investment amount (Rs)     5,700.00

Issue Date and Size

Issue opens     12-Jun-08
Issue closes     17-Jun-08
Listing on     BSE,NSE
Issue size (Rs cr)     42.00

Share on Offer

Total shares offered     100.00 (Lakhs)
Of above, offered to public     100.00 (Lakhs)
Post-issue shares     N.A.
Post-issue promoters’ holding(%)     N.A.

Investor Information

Lead Manager(1)     Keynote Corporate Services Ltd
E-mail     N.A.
Lead Manager(2)
E-mail     N.A.
Registrar     SKDC Consultants Ltd
E-mail     N.A.

Company Contact Details

Company’s address

S. F. No. 770/12, Civil Aerodrome Post,
Avinashi Road, Coimbatore.

Pincode     641014

Tel No.     91 04 222626464
Fax No.     91 04 222627193

Website     http://www.lotuseye.org

The Reserve Bank of India has hiked the repo rate by 25 bps to 8% from 7.75% previously to contain inflaiton concerns.There has been no change in reverse repo rate. RBI said it was essential to take measures on urgent basis.

Today, Sensex was down 506+ points and nifty was down 126+ into the stock market. Today BSE close at 15,066+ points and NSE at 4500+ points. Today’s top gainers were - Ranbaxy Labs, Reliance Communication, Hindalco and losers were Jai Prakash Associates, DLF, ONGC & HDFC.

The markets have opened on a weak note and crashed heavily following negative global cues as Crude has touched a new all-time high of USD 139.12 a barrel. Selling has seen in capital goods, power, realty, cement and metal stocks. All BSE indices are in the red.

At 9:55 am, the Sensex was down 513 points at 15058 and the Nifty down 139 points at 4488.

Amongst frontliners, major losers were L&T, SAIL, Unitech, Rel Petro, Siemens, Ambuja Cem, Nalco, Tata Power, BPCL, Reliance Infra, DLF, Tata Motors

Cairn was the only stock, which was up over 5% as Crude is trading at USD 137.37 per barrel.

DLF has continued its downtrend, hit a new low today. The stock had slipped below its issue price on Friday.

Asian markets were trading weak. Japan’s Nikkei tumbled 2.06% or 298.56 points at 14,190.88. Taiwan’s Taiwan Weighted fell 2.10% or 183.84 points at 8,561.51. Singapore’s Straits Times slipped  2.17% or 68.22 points at 3,078.51. South Korea’s Seoul Composite lost 1.73% or 31.66 points at 1,800.65.

Archidply Industries (AI) IPO

Issue Terms
Issue price / Floor Price (Rs)     70-80

Issue Date and Size

Issue opens     11-Jun-08
Issue closes     17-Jun-08
Listing on     BSE,NSE

Share on Offer

Total shares offered     66.16 (Lakhs)
Of above, offered to public     66.16 (Lakhs)

Investor Information

Lead Manager(1)     Motilal Oswal Investment Advisors Private Ltd
E-mail     archidply.ipo@motilaloswal.com
Lead Manager(2)
E-mail     N.A.
Registrar     Karvy Computershare Private Ltd
E-mail     einward.ris@karvy.com

Company Contact Details

Company’s address
29/2, G.K. Manor,1st Floor,
Nehru Nagar Circle,
Seshadripuram,
Bangalore
Pincode     560020
Tel No.     +91 80 23445607
Fax No.     +91 80 2334 8463
Website     http://www.archidply.com

First Winner Industries (FWI) IPO Details

Issue Terms
Issue price / Floor Price (Rs)     120-130

Issue Date and Size

Issue opens     09-Jun-08
Issue closes     12-Jun-08
Listing on     BSE,NSE

Share on Offer

Total shares offered     55.00 (Lakhs)
Of above, offered to public     54.00 (Lakhs)

Investor Information

Lead Manager(1)     Almondz Global Securities Ltd
E-mail     N.A.
Lead Manager(2)
E-mail     N.A.
Registrar     Intime Spectrum Registry Ltd
E-mail     N.A.

Company Contact Details

Company’s address

605 Business Classic,
Chincholi Bunder Rd Malad(West),
Mumbai
Pincode     400064

Tel No.     91-22-28802255
Fax No.     91-22-28812288
Website     http://www.firstwinnerind.com

Sejal Architectural Glass (SAG) IPO Information / Details

Issue Terms
Issue price / Floor Price (Rs)     105-115

Issue Date and Size

Issue opens     09-Jun-08
Issue closes     12-Jun-08
Listing on     BSE,NSE

Share on Offer

Total shares offered     91.94 (Lakhs)
Of above, offered to public     91.94 (Lakhs)

Investor Information

Lead Manager(1)     Saffron Capital Advisors Pvt Ltd
E-mail     N.A.
Lead Manager(2)
E-mail     N.A.
Registrar     Intime Spectrum Registry Ltd
E-mail     N.A.

Company Contact Details

Company’s address

C-13 Pannalal Silk Mills Comd,
L B S Marg Bhandup (West),
Mumbai.
Pincode     400078

Tel No.     91-22-25960320
Fax No.     91-22-25960328
Website     http://www.intimespectrum.com