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IPO Update

INDOSOLAR LIMITED

Issue Open: September 13, 2010
Issue close: September 15, 2010
Price Band: Rs. 29 – Rs. 32 Per Equity Share
Minimum Bid Size: 200 Equity Shares
Face Value: Rs. 10 Per Equity Share
Book Building at: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000

INDOSOLAR LIMITED :

Incorporated in 2005, Indosolar Limited is a leading Indian manufacturer for photovoltaic cells. Indosolar manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect. Indosolar Ltd market and sell their products to primarily module manufacturers on a business-to-business platform, who in turn supply to the system integrators who install the systems for grid and off-grid (roof top) applications for use in the domestic market as well as markets in Europe, Spain, Japan, Asia, Canada and USA.

IPO Grading / Rating:

CRISIL has assigned an IPO Grade 3 to Indosolar Limited IPO.
This means as per CRISIL, company has ‘ Average Fundamentals

Source: http://www.dstreetdirect.com/upcoming-ongoing-ipos/6895-indosolar-limited-initial-public-offering.html#post13199

(credits goes to “anish” the original poster)

Tags: IPO, ipo recommendation, ipo update

IPO: Grey Market Premium Update

Latest Grey Market Premium (12-Oct-2009)

Thinksoft Global Services Ltd
Open: 22-Sep-2009
Close 01-Oct-2009
Offer Price Rs. 115 – Rs. 125
Premium Rs. 4 – 4.50

Euro Multivision Limited
Open 22-Sep-2009
Close 24-Sep-2009
Offer Price Rs. 70 – Rs. 75
Premium Rs. 3.50 – 4

Indiabulls Power Ltd
Open 12-Oct-2009
Close 15-Oct-2009
Offer Rs. 40 – Rs. 45
Premium Rs. 2 – 2.50
Kostak Rate* : Rs. 1600 – 1700

* Kostak Rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else even before allotment or listing of the issue

Tags: GMP, Grey Market Premium, Indiabulls power GMP