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India meets City with £49m Religare bid for Hichens Harrison
2008-03-28 10:34:00
In its first foray in international mergers and acquisitions (M&A), the India n banking sector has its sights set on gaining access to London's junior stock market through the City 's oldest broker.Religare, the Indian financial services group, bid £49 million this week for Hichens Harrison , Britain's oldest independent brokerage, in a deal observers say is designed to fast-track a path to the Alternative Investment Market (AIM) for sub-continental clients."This is primarily about Religare expanding its product portfolio, about being able to raise money in London for Indian companies" Roddy Sale, a consultant and former veteran Bombay banker, said."Dealing with the FSA [London's financial watchdog] is quite time-consuming. Religare is set on quick growth."Related LinksTata pays £1bn for Jaguar and Land RoverHamleys holds talks to take its toys to IndiaSBI is finding retail investors are being waryGagan Banga, the chief executive of India Bulls, India's largest retail brokerag...

IPO regime set to undergo sea change from July
2008-03-28 10:21:00
100% payment by QIBs in IPOs and shorter time between IPO closing & listing.The Securities and Exchange Board of India (Sebi) is expected to take two decisions simultaneously in July .The first is to introduce a shorter time-frame between the closure of an IPO for subscription and its listing.The second is asking all classes of investors, including qualified institutional buyers (QIBs), to make full payment while applying for an IPO.Currently, QIBs have to pay a margin (around 10 per cent of the book-building price-band) when applying for subscription. But retail investors have to pay the entire amount, which is refunded within 15 days of the closure of the IPO if shares are not allotted.Institutional investors, including foreign institutions, are known as QIBs.Sources familiar with the developments said Sebi wants to fast-track these two decisions but a final decision can be taken only around July as a great deal of paperwork still needs to be completed and proper market feedbac...
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Gammon Infrastructure Projects Limited IPO
2008-03-26 05:24:00
Incorporated in 2001, Gammon Infrastructure Projects Limited ('GIPL') is an infrastructure project development company promoted by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ('PPP') basis. GIPL is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.Today, GIPL leads Gammon's forays into development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.GIPL is present in the following areas of Infrastructure development : Project Development Project Advisory Sector Specific Operations & MaintenanceObjects of the issue : To contribute to a part of the investment required by KBICL, its subsidiary formed for ...

Titagarh Wagons Limited IPO
2008-03-26 05:17:00
Titagarh Wagons Limited engages in the manufacture of wagons in India. It offers railway wagons, bailey bridges, heavy earth moving and mining equipment, and steel and SG iron castings of moderate to complex configuration. The company also manufactures other products for the Indian defense establishment, such as special wagons, integrated field shelters, and other engineering equipments to combat the nuclear, biological and chemical warfare. Its wagons include hopper wagon, covered wagon, open top wagon, container flat wagon, tank wagon, flat wagon, and special purpose wagon. The company's heavy earth moving and mining equipment includes hydraulic excavators, crawler mounted cranes, construction cranes, sprockets and big gears of 3-4 meters diameter, crawler shoes, and tooth points. Titagarh Wagons Limited was incorporated in 1997 and is based in Kolkata, India.TWL is identified by the Ministry of Defence, Govt. of India, as a source for indigenised expertise in the above areas and...

Kiri Dyes And Chemicals Limited IPO
2008-03-26 05:11:00
Kiri Dyes and Chemicals Private Limited , incorporated on May 14, 1998, is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours is identified by color index number internationally. The company also manufactires dye intermediates that are used in the manufactiure of dyes. The existing products manufactured by the company are as follows:Synthetic Organic Dyes (S. O. Dyes)Dyes Intermediates: Vinyl SulphoneDyes Intermediates: H-AcidThe product range of the company comprises of more than 120 dyestuffs used by textiles, leather, paint and printing-ink industries with total production capacity of 10800 MT per annum. Kiri Dyes and Chemicals Private Limited supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standa...

Avoid Kiri Dyes and Chemicals: Hem Securities
2008-03-25 11:44:00
HEM Securities has come out with report on Kiri Dyes And Chemicals ' IPO. It has recommended to ignore the issue.It has opened for subscription with its initial public offering (IPO) of 37,50,000 Equity Shares of face value Rs 10 each. The issue will close on April 2, 2008. The price band has been fixed at Rs 125 to Rs 150 per equity share.Hem Securities report on Kiri Dyes And Chemicals' IPOKiri Dyes And Chemicals is engaged in the business of manufacturing of Reactive Dyes and Dyes Intermediates. The company?s products are acceptable by customers including Multinational companies viz Clariant and Dyestar.It manufactures Reactive Dyes also known as Synthetic Organic Dyes (S.O.Dyes) and Dye Intermediates and has an integrated process.The company through the proposed backward integration project intends to produce Sulphuric Acid, Oleum and Chlorosulphonic Acid that would be partly captively consumed as raw materials for Dye Intermediates.The company has strong customer base national...
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