GoAir Initial Public Offerings (IPO) Stock Price, date, allocation, allotment, subscription, status and prospectus

Budget airline GoAir is planning to raise Rs 4-5 billion via an initial public offer in BSE NSE to repay debt and buy more aircraft, the Economic Times reported on Thursday.
The Mumbai-based airline owned by the Wadia group is in talks with investment banks such as Enam Financials to manage the offer and JM Financial is advising the airline, the paper quoted two sources close to the development as saying.

The airline has 10 Airbus aircraft and plans to expand its fleet to 20 aircraft by 2014.
A spokesperson for GoAir declined comment to the paper and Reuters could not reach the company for a comment immediately.

GoAir IPO: Review Analysis & Details

Some basic details first about the GoAir IPO, which are available as of now:

- The size of GoAir IPO is not exactly known, but as per the reports the size of the GoAir IPO will be around 400-500 Crore Rupees

- The majority of the capital collected through the GoAir IPO will be used to repay debt and to buy some new aircraftst to add to the GoAir fleet

What are the primary reasons for GoAir to come out with the GoAir IPO?
The main reason for any company to come and list its shares in the stock market is to collect money from common public and so is the case with GoAir IPO
The money collected will be used by the company to repay its debts and to buy additional aircrafts. It is reported that the company is planning to double its no. of aircrafts from existing 10 to 20 airplanes by 2014-2015. In the short term, it is planning to add atleast 3 airplanes by the year 2011

So what is the needs of GoAir to come out with the GoAir IPO?
The aviation industry in India is showing some good growth signs, so the company management is reported to be hopeful about the IPO. However, its the investors who should take the call.
Business Expansion, Repayment of debts and loans are good enough reasons to be quoted for an IPO. However, one must note that an IPO is no guarantee of sure shot returns. Please read our previous article Investing in Airline Companies? for a detailed analysis about airline stocks and their performance.

What is the issue size of the GoAir IPO?
No info about that except that the company plans to raise 400-500 Crore Rupees from the GoAir IPO.
What is the price band of GoAir IPO?
It is reported that the recommended price band for GoAir IPO is not yet decided.

How many shares will be sold in the GoAir IPO?
The total no. of shares to be sold through this IPO is not known precisely.

What are the IPO dates for GoAir IPO
The IPO dates have not yet been finalised. But the IPO is expected to hit the markets sometimes in the next few months. The reason for this is that the airline sector has shown around 25% growth in November 2010. The same is expected to accelerate further and reach around 35-40% growth rate.

How will the capital raised by GoAir IPO be used?
It will be used for business expansion by purchase of new aircrafts and for repayment of debts.

Any ratings given to GoAir IPO?
No information about that as of now.

What are the analysts recommendations and business results for GoAir IPO?
No details available as of now. But one must be cautions about airline stocks. The reason is that historically, majority of the airline companies have posted not good returns - airline is not among the best performine sector in the stock markets.
Moreover, the aviation sector is strictly controlled by the government & regulations. In countries like India, we have recently seen new regulations about airlines should post their maximum fares on their websites in advance. All this is good for common passengers, but might be bad for investors of airline companies.
However, the IPO is a different story. One may make good returns in the short term, say by applying for IPO and selling it for profits on the listing date. Investors to take the call in the random markets

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Shekhawati Poly-Yarn to list its initial public offer (IPO) to BSE NSE Stock Exchange for 1.2 crore equity shares on December 27 with a target of Rs 36 crore at fixed price of Rs 30 per share : IPO buying tips, update, allotment, subscription, status and prospectus

Textile firm Shekhawati Poly-Yarn is entering capital market with its initial public offer (IPO) of 1.2 crore equity shares on December 27. The company aims to raise Rs 36 crore through IPO at fixed price of Rs 30 a share.
The issue will constitute 54.54% of the fully diluted post issue equity share capital of the company. 

Shekhawati is presently engaged in manufacturing of texturised and twisted yarn. Now it proposes to commence manufacturing of Knitted Fabric from Texturised Yarn, being one of the objects of the proposed public issue.
Issue proceeds are proposed to be used for buying new 30 twisting machines and installation of new 30 knitting machines; buying corporate office at an estimated cost of Rs 325 lakh and working capital requirements.
After this expansion, the company will have 35 machines for twisting yarn with capacity of 4,620 MTPA, 30 machines for knitting yarn with 1,980 MTPA and 20 for texturising yean with capacity of 27,400 MTPA.
Hem Securities Limited is the book running lead manager to issue.

src: MC

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A2Z Maintenance and Engineering Services will list its IPO equity shares on NSE BSE stock exchange on DEC 23 with an issue price at lower end of price band of Rs 400-410 a share: IPO Allotments, price, subscription, status and prospectus

Engineering, procurement and construction (EPC) services provider A2Z Maintenance and Engineering Services will be listing its equity shares on exchanges on December 23. It has fixed an issue price at lower end of price band of Rs 400-410 a share.
The issue was just managed to sail through, which was subscribed 0.96 times

The company raised Rs 776.25 crore through IPO of 1,94,07,750 equity shares; it consists of fresh issue of Rs 675 crore and offer for sale of Rs 101.25 crore. Earlier it had aim to raise around Rs 860 crore.
The company will not receive any proceeds from the offer for sale. Fresh issue will be used for investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab; investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan; investment in subsidiaries; repayment of a loan granted by L&T Infrastructure Finance Company Limited (L&T Infrastructure Finance) to the company; and working capital requirements.
A2Z Maintenance provides services to the power transmission and distribution sector with a focus primarily on the distribution segment. 
src MC

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Faster (2010) (In Hindi) Watch Free Movie Online and Download full Movie and Movie Review, cast, writer and Download Movie Poster

Starring:
Dwayne Johnson    …     Driver
Mauricio Lopez    …     Prison Guard
Jim Gaines    …     Inmate (as James Gaines)
Oliver Jackson-Cohen    …     Killer
Tom Berenger    …     Warden
Jan Hoag    …     Receptionist
Courtney Gains    …     Telemarketer
Billy Bob Thornton    …     Cop
Michael Irby    …     Vaquero
Josh Clark    …     Uniform
Carla Gugino    …     Cicero
Michael Blain-Rozgay    …     TV Anchor
Mike Epps    …     Roy Grone
Sidney S. Liufau    …     Kenny (as Sid S. Liufau)
Maggie Grace    …     Lily
Director:
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The Chronicles of Narnia – The Voyage of the Dawn Treader (2010) (In Hindi) Watch Free Movie Online and Download full Movie and Movie Review, cast, writer and Download Movie Poster

Starring:
Georgie Henley     …     Lucy Pevensie
Skandar Keynes    …     Edmund Pevensie
Ben Barnes    …     Caspian
Will Poulter    …     Eustace Scrubb
Gary Sweet    …     Drinian
Terry Norris    …     Lord Bern
Bruce Spence    …     Lord Rhoop
Bille Brown    …     Coriakin
Laura Brent    …     Lilliandil
Colin Moody    …     Auctioneer
Tilda Swinton    …     The White Witch
Anna Popplewell    …     Susan Pevensie
William Moseley    …     Peter Pevensie
Shane Rangi    …     Tavros
Arthur Angel    …     Rhince
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Shares of Claris Lifesciences settled at Rs. 205.85 on BSE, a 9.71% discount to the initial public offer price of Rs. 228. The stock debuted at Rs. 224.40, a 1.58% discount to the initial public offer (IPO) price. The stock hit a high of Rs. 227.90 and a low of Rs. 198.10. On BSE, 1.54 crore shares were traded on the counter, Stock Price, date, allocation, allotment, subscription, status and prospectus

The initial public offer of Claris Lifesciences was subscribed 1.5 times. The IPO got bids for 1.61 crore shares, compared with 1.07 crore shares on offer.

The qualified institutional investors (QIB) category was subscribed 1.31 times, the non-institutional investors category, comprising high networth individuals and corporates, was subscribed 2.03 times and the retail investors portion was subscribed 1.6 times.

The company had slashed the price band for the IPO and had also extended the IPO closing date after a poor response to the issue. The IPO, which was to initially end on 26 November 2010 was extended till 2 December 2010. The company had slashed the IPO price band to Rs. 228-235 per share from earlier Rs. 278-Rs 293.

Claris Lifesciences, on 23 November 2010, raised Rs. 54 crore by selling 18.43 lakh shares to four anchor investors at Rs. 293 per share.

Claris Lifesciences plans to utilise the IPO money to set up a new manufacturing unit, a research and development unit and for pre-payment of a term loan. The Ahmedabad-based firm is one of the largest Indian sterile injectables pharmaceutical companies.

Claris Lifesciences reported a consolidated net profit of Rs. 57.73 crore on total sales of Rs. 324.95 crore for the five month ended May 2010. 

Arjun Handa, managing director and CEO, said the Rs 300 crore raised through its initial public offer (IPO) would be utilised for increasing its manufacturing capacity and other expansion plans.

The leading sterile injectables pharmaceutical company had fixed a price band of Rs 278-293 for its public offer. However, since the company received a lukewarm response, it had extended the closing date of the IPO and also lowered its price-band to Rs 228-Rs 235.

The company plans to set up a new plant comprising a small volume parenterals line, a PVC bag line, a non-PVC bag line and a fat emulsion line. “We would be setting up a new manufacturing line for propofol and other fat emulsion products at our existing plant, Clarion IV and also construct a facility for research and development at our Clarion manufacturing facilities,” Handa said.

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Infrastructure firm Abhijeet Group's Initial Public Offerings (IPO) Stock Price, date, allocation, allotment, subscription, status and prospectus

Nagpur-based infrastructure firm Abhijeet Group plans to raise about Rs 1,500 crore fresh equity through an initial public offering to part finance its expansion plans including those in power sector.

It would file the draft papers in this regard with Securities and Exchange Board of India (SEBI) this month.

"We are planning to hit the market in April, next year...file the papers with SEBI by the end of this month and expecting to raise about Rs 1500 crore," Abhishek Jayaswal, MD, Abhijeet Group said in a telephonic interview.

The company which funds its projects at a debt equity ratio of 80:20 has tied up loans from Axis Bank , SBI , Punjab National Bank , Rural Electrification Corp and Power Finance Corp.

The company recently signed a $2.5 billion deal with the Chinese power equipment maker DongFang for sourcing equipment for its power projects.

"We have signed a BTG (boiler, turbine, generator) and EPC (engineering, procurement, construction) contract for our thermal power projects in Bihar, Jharkhand and Madhya Pradesh with DongFang," Jayaswal said.

The proceeds from the IPO would also be used to finance this deal with the Chinese firm.

At present the company has a power generation capacity of the company of 100 MW with its projects in West Bengal and Maharashtra.

It plans to increased this capacity to 300 MW by the end of the current financial year.

"We would have a capacity of 300 MW by March, 2011," Jayaswal said.

The Nagar based Group has interest in core sectors such as power, mining, roads, steel etc.

Dongfang Electric Corporation Limited is a Chinese Government holding company specialising in power equipment manufacturing.

It also focuses on worldwide power projects, contracting for thermal, hydro, nuclear, wind, solar, gas turbine, and combined cycle power plants. 
src:ET

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