B harti Infratel, a tower subsidiary of leading telecom operator  Bharti Airtel  has received Rs 650.9 crore from anchor investors on Monday - one day ahead of issue opening. The company has allotted 2.83 crore shares at Rs 230 a share to anchor investors that included Sundaram MF, Columbia Wanger, Alliance Bernstein, Citigroup, Morgan Stanley and Clough Cap. The 18.89 crore IPO of Bharti Infratel will be opening for subscription from tomorrow till Friday, December 14, 2012. The company intends to raise around Rs 3,967-4,534 crore through the issue at a price band of Rs 210-240 per share. The equity shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange. The book running lead managers to the issue are DSP Merrill Lynch, JP Morgan India, Standard Chartered Securities, UBS Securities India, Barclays Securities India, Deutsche Equities India, Enam Securities and Kotak Mahindra Capital Company. The details of the Anchor Investors to whom

Anchor investors include Reliance MF, Mirae Asset, Goldman Sachs, HSBC, Tata AIA Life and Birla Sun Life amongst others Issue opens on December 10, 2012 Price Band fixed between Rs 125 and Rs 135 per share Dec 8: PC Jeweller Limited (“PCJ” or “THE COMPANY” or the “ISSUER”) has finalised the allocation of 6,716,250 equity shares to 10 Anchor investors @ Rs. 135 (upper end of the IPO price band) aggregating to Rs. 906.69 mn (Rs. 90.67 crore) out of the total Issue size of 45,133,500 equity shares of face value of Rs. 10. The anchor investors include: DB International (Asia) Ltd. allotted 1,481,490 equity shares (or 22.06% of the total anchor offering); Reliance Capital Trustee Capital Company A/C Reliance Vision Fund allotted 1,481,490 equity shares (or 22.06% of the total anchor offering); DVI Fund Mauritius Ltd. allotted 721,735 equity shares (or 10.75% of the total anchor offering); allotted 721,735 equity shares (or 10.75% of the total anchor offering); Stichting Pensi

Lawrence & Mayo (L&M) , India’s most trusted opticians for 135 years and pioneers in ophthalmic optics & instrumentation, marks its foray into accessories by unveiling exquisite timepieces and writing instruments under ‘L&M Xcessoriz’ sub-branding. For the first time, L&M is proud to launch an exclusive women’s corporate range of pens. The timepieces and the writing instruments will be available exclusively at select L&M outlets across India and also through internet. In phase one of the launch, L&M will be focussing on Mumbai, Delhi, Chennai, Bangalore, Hyderabad, Pune, Goa & Pondicherry. L&M timepieces are designed to suit the Indian consumers taste and liking. The classic and contemporary designs are ideal for the corporate executives. There are a variety of colours to choose from. The women’s watch designs are ideal for Indian wrists. All watches are made of stainless steel to avoid corrosion. In watch making, Lawrence and Mayo trace their ro

Bharti Infratel (BIL) is raising over Rs 4,000 crore from the primary  equity market to build new towers, to upgrade existing infrastructure and to set up environmentally friendly energy sources at tower sites. Of the 18.9 crore shares to be offered to the public, 14.6 crore will be fresh equity and the remaining will be offloaded by  private equity firms which currently hold a stake in Bharti Infratel.   The IPO will open for subscription on December 11 and will close on December 14. The company has fixed a price band of Rs 210-240 for the offer Nirmal Bang, among the top brokerage and research firms in India recommends investors to subscribe to this issue…. Here is summary of the report... A Cash Flow Story... BIL is a cash flow story, in our view. We expect rising tenancy to boost profitability going forward and subsequently FCF as well. The likely rise in tenancy ratio (from 1.85x in FY12 to 3.00x in FY22E) will boost EBITDA margin (excluding energy c

PC Jeweller is entering the capital market on 10 th   December 2012 through a fresh issue of 4.51 crore equity shares of Rs.10 each, priced in the band of Rs. 125 to Rs. 135 per share. A discount of Rs. 5 per share will be offered to the retail investors. Company will raise Rs. 556 crore and Rs. 601 crore,  at the lower and upper end of the price band, respectively.  Representing 25.20% of the fully diluted post issue paid-up capital of the company, the issue closes on 12 th  December 2012. Objects of the Issue 1) To finance establishment of new showrooms (estimated required fund of Rs. 516.8crs) 2) General corporate purposes Recommendation Anand Rathi Share and Stock Brokers, one of the leading brokerage and research house has recommended subscription to the PCJ IPO. The company has been showing good traction in the performance, looking at its expansion track record and future plans shows good potential in the company. Comparing to its peers it looks fairly pla

The Board of Directors of Tree House Education and Accessories Limited (“Tree House”) at its meeting held on December 4, 2012, proposed to issue and allot 18.5 lakh equity shares of Rs. 10 each at a premium of Rs. 222.60 per equity share aggregating to Rs. 41.18 crore on preferential allotment basis to Aditya Birla Private Equity Sunrise Fund and ON Mauritius. The investors in the Company include an existing shareholder ON Mauritius (4.5 lakh equity shares aggregating to Rs. 10.01 crore) and Aditya Birla Trustee Co. Pvt. Ltd. (14 lakh equity shares aggregating to Rs. 31.16 crore) for and on behalf of Aditya Birla Private Equity – Sunrise Fund. The Board of Directors of Tree House, inter alia, has considered, approved and recommended (for the approval of the Shareholders of the Company), an increase in the Authorised Share Capital of the Company from existing Authorised Share Capital of Rs. 35.50 crore to Rs. 40.50 crore divided into 4 crore equity shares of Rs. 10 each.   

PC Jeweller Ltd has launched its initial public offering worth about Rs 609 crore at a price band of Rs 125-135 a share. The IPO will open on December 10, and will close on December 12, for all bidders. The company is offering a discount of Rs 5 to retail individuals The company proposes to utilise the IPO funds for its expansion plans and towards working capital requirements. The issue comprises of a Net Issue of 44,775,000 Equity Shares (THE “NET ISSUE”) by the company and a reservation of 358,500 Equity Shares for subscription by the eligible employees (THE “EMPLOYEE RESERVATION PORTION”). The Issue shall constitute 25.20% of the Post Issue Paid-Up Equity Share Capital and the Net Issue shall constitute 25.00% of the Post Issue Paid-Up Equity Capital of the company. The company, in consultation with the Book Running Lead Managers and co-Book running Lead manager, has fixed the Price Band between ` 125 and ` 135 per Equity Share for the IPO. The minimum bid lot ha

December 3, 2012:    The initial public offering of Credit  Analysis and Research Limited (Care Ratings) will open for subscription between December 7 and December 11. T he Company  is proposing a public offer of 7,199,700 equity shares of face value of Rs. 10 each (the “Equity Shares”) through an offer for sale by the Selling Shareholders for cash at a price  to be determined through a 100% Book Building Process (the “Offer”). The Price Band has been fixed between  Rs. 700 and Rs. 750 per Equity Share . Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter. The Offer will constitute 25.22% of the post-Offer paid-up Equity Share capital of the Company. The Bid/ Offer period opens for subscription on Friday, December 7, 2012, and will close on Tuesday, December 11, 2012, for all Bidders (except for Anchor Investors). The Company and the Selling Shareholders may, in consultation with the Book Running Lead Managers, consider participatio